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How-18000-ETH-Exited-BendDAO-in-48-Hours
How 18000 ETH Exited BendDAO in 48 Hours

There is just 12.5 wETH in the contract. Several floor prices for NFT also decreased. BendDAO provides customers with access to a peer-to-peer lending platform. Many NFT’s floor prices fell as a result of the current NFT market downturn. As a result of the low health factor loans, several NFTs on BendDAO entered the danger zone. The potential liquidation of millions of Bored Apes and other NFTs, in turn, caused market-wide panic last week. The bulk of NFTs have defaulted on loans as of the time of writing, and no bids have been made on them. Due to BendDAO’s requirements,

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BTC-and-ETH-See-Higher-Levels-of-Short-Trade
BTC and ETH See Higher Levels of Short Trade

The last day has seen the large cryptocurrency pairs fall. The market has however rebounded a bit. ETH price looks for equilibrium searching for direction in a possible sideways patch. The last day has seen the large cryptocurrency pairs fall in value, causing a bit of panic in the market. This comes after Bitcoin(BTC) and Ethereum(ETH) fell below $20.9k which was last seen in mid-July. However, the market has rebounded a bit and cryptocurrencies are seeing higher levels of short trades coming in as people fear such drops as earlier seen in June when the price of bitcoin jumped about

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Ethereum’s-‘The-Merge’-Will-Not-Change-Price-of-Gas-Fees
Ethereum’s The Merge Will Not Change Price of Gas Fees

Ethereum’s upcoming ‘merge’ will not reduce the gas fees. The ‘merge’ is also expected to get rid of the need for energy-intensive mining. The upgrade is expected to be live before September 19. The Ethereum Foundation, a non-profit organization supporting Ethereum and related technologies, clarified on August 17 that the anticipated ‘The Merge’ will not “change any parameters that directly influence network capacity or throughput.” Implying that the gas fees will be high when more people are using the blockchain. And, gas fees will only decrease when less people use it. Furthermore, the non-profit organization also disclosed that ‘The Merge’

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Refugee Binance Card is Now Applicable For All Ages

Cardholders can now use the Binance Card to send cryptocurrency. This card could aid millions of refugees as well as authorized citizens. The card is not a commercial product. Since the start of the Russia-Ukraine war, Binance has been a vocal supporter of Ukraine. A few days after Vladimir Putin initiated his “unique military operation,” Binance donated $10 million to assist with the humanitarian situation in the area. UNICEF, UNRWA, and other groups received donations from this contribution. Following the crisis situation, the Leading Crypto Exchange Binance launched a “Binance Refugee Crypto Card” for displaced Ukrainians. This card is issued

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BUSD-is-now-the-6th-largest-crypto-by-market-value
BUSD is now the 6th largest crypto by market value

Binance USD(BUSD) is gathering steam as of late. BUSD is now the sixth largest cryptocurrency by market value. It’s feasible that XRP could reclaim its throne once more. Binance USD(BUSD) is recently gaining momentum as it goes further up the top 10 list of largest cryptos by market value. XRP, on the other hand, tumbled down the list after losing more than 8% of its value in just a span of 24 hours. BUSD is 100%, reserves-backed by both fiat cash in dedicated, insured omnibus accounts at U.S. banks1 and/or repurchase agreements and money-market funds invested in U.S Treasury bills.

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Canadian-Exchanges-Increase-Buy-Limit-to-$30k
Canadian Exchanges Increase Buy Limit to $30k

Canada imposes a new buy cap of 30k for her users. The new regulation also applies to “restricted coins,” which are cryptocurrencies other than BTC, ETH, LTC, and BCH. Ontario has just adopted new crypto-specific regulations. According to reports, to enhance consumer safety, Newton, Bitbuy, and other Canadian cryptocurrency exchanges declared they would impose a new net buy cap of 30,000 CAD for users in Ontario. Other cryptocurrencies outside BTC, ETH, LTC, and BCH and “restricted coins” are also subject to the new rule. This happened after Toronto-based cryptocurrency exchange Newton filed to register with the Ontario Securities Commission (OSC)

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Ether-derivatives-trading-is-surging
Ethereum Name Creation Doubles to 2 Million in 4-Months

Name Creation Doubles In Four Months to 2 Million. The domain names may be bought and traded on NFT exchanges. Statistics show that 122,327 names were registered in June. As the project experienced the biggest monthly income increase in July, the number of Ethereum Name Service (ENS) domains soared. The astounding two million registration mark has now been broken. The Ethereum Name Service also referred to as ENS, describes itself as a web3-compatible, decentralized protocol that connects intricate, artificially created alphanumeric strings to human-friendly names. The Ethereum blockchain powers the not-for-profit naming system, where ENS domain names are protected by

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Mashinsky-Takes-Over-Celsius-Trade-Amid-Bankruptcy
Mashinsky Takes Over Celsius Trade Amid Bankruptcy

Mashinsky personally directed individual trades. Celsius was given the bargain to get out of the lost trade. For nearly a month, the cryptocurrency market continued to move sideways. Before a forthcoming US Federal Reserve meeting in January, Celsius Network CEO Alex Mashinsky assembled his investment team and informed them that he would be taking over the crypto lender’s trading strategy. The former telecoms entrepreneur claimed that because prices of well-known cryptocurrencies like bitcoin and ether had dropped from all-time highs, Celsius needed to take precautions against additional drops. He was confident that a hawkish decision would cause a drop in

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bitcoin-btc
Whales Boost Holdings As Bitcoin`s Price Escalate

The Bitcoin bulls continued to stand out in the market. Addresses holding 100 to 10,000 BTC coins are at their highest level since June 11. The price had to test the bottom support of the triangle due to recent price action. The selling pressure has caused the price of Bitcoin to decline more dramatically over the last few days, which has caused an exceptionally pessimistic trend. The bulls continue to stand out as they seem to be watching for the ideal moment to reenter and seize power. As the Whales have been continuously accumulating recently, the BTC price is anticipated

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Bankrupt-Celsius-Gets-Approval-to-Sell-Mined-Bitcoin
Bankrupt Celsius Gets Approval to Sell Mined Bitcoin

Celsius Network acknowledged that it ran out of money. Josh Sussberg, an attorney for Celsius, reported the receipt of cash injection offers on Tuesday. Celsius has to invest more money to get its mining operations up and running. A U.S. judge has given the go-ahead for the bankrupt cryptocurrency lender Celsius Network to sell the bitcoin (BTC) that it mines. Celsius Network revealed that it was running low on cash. Since then, the firm has received multiple bids to raise money. During a bankruptcy hearing on Tuesday, Celsius attorney Josh Sussberg reported the receipt of cash-injection bids, although he did

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Countdown-to-the-Start-of-the-Yield+-Incentive-Program
Countdown to the Start of the Yield+ Incentive Program

The start of the Yield+ Incentive program is a significant accomplishment. The registration opens on august 14th. Rewards for TVL will begin to be offered on the 28th of August. Many have been surprised by the speed with which the Yield+ Incentive Program has been delivered after months of devoted labor, starting with the study and proposal and continuing through the publication of the Blue Paper. EOS Nation, Greymass, UX Network, Defibox, Joe Louis, Pizza DeFi, and EOS Asia were the founding members of this program’s Working Group, which was funded by the EOS Network Foundation (ENF). The major objective

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Ethereum Classic Becomes Biggest Winner Pre-Merge

Ethereum Classic has benefited the most from Ethereum’s transition into Proof of Stake. In just a month, ETC price has more than doubled from $13.90 up to $40. The Merge is expected to occur on or around September 15. It appears that Ethereum’s much-awaited transition into Proof of Stake (PoS) is benefiting one of the most unlikely cryptocurrencies today — Ethereum Classic (ETC). In just a month, ETC has shifted from being one of the most underperforming coins into one of the most dominant today. At the time of writing, ETC price is changing hands at $40, as per CoinGecko.

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