Cardano has launched its Shelley upgrade, which introduces staking rewards for users who hold the ADA cryptocurrency. Here’s what you can expect from Cardano’s staking features. The Basics of Cardano Staking If you decide to stake your Cardano (ADA tokens) for a set period of time, you’ll periodically earn a return Read more…
The largest cryptocurrency in the world, Bitcoin finally breached $10K and even hit $11K. While the alts have been following Bitcoin’s price trail, Litecoin [LTC] seems to be the highest gainer. Since the beginning of this month, the crypto market was undoubtedly dominated by altcoins. Particularly, lesser-known altcoins garnered massive Read more…
Cardano was trading at $0.136343 by 10:26 (14:26 GMT) on the Investing.com Index on Monday, down 10.61% on the day. It was the largest one-day percentage loss since March 12. The move downwards pushed Cardano’s market cap down to $3.572880B, or 1.16% of the total cryptocurrency market cap. At its highest, Read more…
The key cryptocurrency pairs collectively opened higher and then strengthened to start the new week. Bitcoin (BTCUSD) broke the 10,000 mark four times and recorded 10,200, for an intraday increase of more than 3%; Ethereum (ETHUSD) opened higher at 310.01 and recorded a rise of more than 5% to 326.60; Litecoin (LTCUSD) opened higher at 46.93 and rose Read more…
The South Korean government has announced a 20% tax rate for income generated from cryptocurrency trading. Following a Tax Development Review Committee meeting on July 22, the Ministry of Economy and Finance published its revised tax code detailing the new rules. In a section headed, “Taxation on Virtual Asset Transaction Income,” the Read more…
The popularity of ChainLink has resulted in Binance launching a quarterly LINK Futures contract. LINK quarterly futures have been listed before the Ethereum’s. This move shows that ChainLink (LINK) is a fan favorite for crypto traders. LINK had earlier dropped below $7 and is now trading at $7.63. The crypto Read more…
The CEO of Binance, Changpeng Zhao, has hinted on the possibility of a new IEO crowdfunding event via the Binance Launchpad. Mr. Zhao made these comments via Twitter where he explained that the team at Binance was reviewing a few strong projects and that a decision on which will grace the IEO platform Read more…
The burn removed 3,477,388 BNB—worth $60.5 million—from circulation. Binance destroys BNB every quarter to boost the price of its native cryptocurrency. But the burn did not boost the price of the token. Cryptocurrency exchange Binance on Friday announced its biggest ever coin burn—removing $60.5 million worth of BNB from circulation. The coin Read more…
After the massive Twitter hack in which official Twitter accounts of Apple, Uber, Bill Gates, Joe Biden, Elon Mush and others were hijacked and fake tweets were posted. The fake tweet was offering $2,000 for every $1,000 sent to an anonymous Bitcoin address. Elon Musk, just tweets about Dogecoin [DOGE] when one Read more…
PayPal said it is working on integrating crypto capabilities in its platform It said the European Commission should establish clear rules and definitions to encourage companies PayPal is studying the use of blockchain to improve financial services Digital payments company PayPal has confirmed it is seeking to enter the cryptocurrency space. In a Read more…