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Showing posts from July, 2023

Compound (COMP) Price Prediction: Will COMP Reach $400 in 2023?

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Bullish COMP price prediction ranges from $67.92 to $351.11. COMP price might also reach $400 this 2022. COMP’s bearish market price prediction for 2022 is $18.67. The compound is a decentralized finance (DEFI) protocol launched on the Ethereum blockchain. Its native token is denoted with COMP. Compound investors are bullish on the token since it has had a return on investment (ROI) of over 107% in the past three months. The crypto bubble in 2021 led to an increase in the price of AUCTION to its present all-time high (ATH) of $911.20, which was attained in May 2021. Irrespective of the recent crypto winter, which led to a dip in the price of most cryptocurrencies, COMP investors are confident that the future of COMP is bullish. If you are interested in the future of Compound (COMP) and want to know the price Analysis and prediction of COMP for 2022, 2023, 2024, 2025, 2026, and up to 2030, keep reading this CoinEdition article. What is Compound (COMP)

Vyper vulnerability exposes DeFi ecosystem to stress tests

A number of pools using Vyper have been exploited due to a malfunctioning reentrancy lock that potentially exposes all pools with wrapped Ether (WETH). Decentralized finance (DeFi) protocols are undergoing a stress test following a critical vulnerability was found on versions of Vyper programming language, resulting in the theft of millions of dollars' worth of cryptocurrencies on July 30. A number of pools using Vyper 0.2.15, 0.2.16 and 0.3.0 have been exploited due to a malfunctioning reentrancy lock, targeting at least four liquidity pools on Curve Finance protocol. "The short answer is that everything that could be drained was drained. The targeted pools are aETH/ETH, msETH/ETH, pETH/ETH and CRV/ETH. All remaining pools are safe and unaffected by the bug," Curve Finance said on Discord. BlockSec, an auditing firm for smart contracts, noted that the reentrancy could potentially place all pools with wrapped Ether (WETH) at risk of attack. Please note that this reentr

Whales Amass Over 1T Shiba Inu Worth $9M, SHIB Enters Top Gainers

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Whales accumulated $9 million in just eight weeks. Shiba Inu is now in fourteenth place among major crypto assets. Shibburn’s insights reveal an impressive 240.91% surge in SHIB token burns. In a surprising turn of events, Shiba Inu emerged as the unexpected victor during an otherwise lackluster trading week, according to market intelligence platform, Santiment, known for analyzing on-chain metrics of over 2,500 cryptos. According to the report, wallets of influential players dubbed crypto sharks and dolphins, which held between 10 million to 100 billion Shiba Inu tokens, amassed a staggering $9 million in just under eight weeks. #ShibaInu has been a surprise winner during the final hours of a particularly dull trading week. Shark & dolphin wallets holding 10M-100B $SHIB tokens have accumulated ~$9M in just under 8 weeks, a significant amount for the 14th ranked #crypto asset. https://t.co/WwZrvcUN0D pic.twitter.com/98A1darF5A — Santiment (@santimen

Shiba Inu: Here’s a List of Upcoming Releases in the SHIB Ecosystem

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The Shiba Inu ecosystem is constantly expanding with a handful of new developments being announced to help scale SHIB’s price up. While several projects have already been launched, a series of developments are yet to be released. The moves keep Shiba Inu investors on their toes as the community always has something to look out for. The SHIB ecosystem hardly remains stagnant as the developers have a long road map to better Shiba Inu’s prospects. Also Read: Shiba Inu: You Could Make $7 Million if You Bought SHIB on ‘This Day’ In this article, we will highlight the entire list of developments that are under work in the Shiba Inu ecosystem. Moreover, the release date for all these projects is unknown as the team has not provided a tentative timeline. Shiba Inu: Full List of Projects Awaited To Be Released in the SHIB Ecosystem Source: Instagram: world.complete Shiba Inu has a series of projects up its sleeves to be released in the coming months or years. The ever-expanding SHI

Amazon Steps Up Blockchain Game: Expands Managed Services

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Blockchain technology has gained significant recognition as an important and innovative technology in recent years. Despite facing initial challenges with adoption and recognition, its perception has gradually evolved. Various firms and government institutions are increasingly exploring blockchain technology for diverse purposes. Back In January, the e-commerce giant partnered up with Avalanche to ramp up its blockchain adoption. Also read: Canada Discloses Rules Governing Crypto Assets in Financial Institutions Now, according to the details from the latest announcement, Amazon has expanded its Amazon Managed Blockchain, to ramp up the availability of access and query functions. Source: The Economic Times Amazon made the announcement during the Blockchain summit AMB Access, the latest offering from AMB, introduces an extended range of node services that ensure serverless and scalable access to blockchain s. Additionally, by utilizing standard remote procedure calls, de

Stablecoin Regulation: Mike Novogratz Says "Democrats are Shooting Themselves in the Foot"

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As reported earlier by Coingape, Republican Congressman Patrick McHenry said their Democratic counterparts could not come to a compromise with respect to the Bill, creating a stalemate. advertisement Mike Novogratz Shares His Take According to the billionaire investor and Galaxy Digital CEO, the Democrats might be shooting themselves in the foot for their attempts to block the stablecoin bill. McHenry has posited earlier that “Americans deserve clarity for payment stablecoins and there has been good faith, bipartisan work to deliver that clarity” but that Democrats are blocking the efforts made thus far. Noting importantly that the blockage is being done at the behest of the White House, Mike Novogratz said Crypto Regulation , including those involving stablecoin s, should not have been treated as a partisan issue. The democrats are shooting themselves in the foot! Crypto should NOT be a partisan issue. They will lose voters as a great deal of Americans

Crypto-friendly BlackRock starts ‘digital-first’ investment offering in India

As BlackRock reiterates that an optimal investment allocation should include 84.9% BTC, the firm has formed a major investment partnership in India. Global investment giant BlackRock is expanding its reach in India with a partnership targeting the launch of the “digital-first offering” in India. BlackRock, on July 26, officially announced a joint invest ment project with Jio Financial Services (JFS), an arm of Indian tycoon Mukesh Ambani’s Reliance Industries — India’s most-valued firm. The companies each plan to invest up to $150 million in the 50:50 joint venture. Named “Jio BlackRock,” the project aims to provide “tech-enabled” access to “affordable, innovative investment solutions” to millions of investors in India, the announcement reads. The venture will utilize BlackRock’s expertise and talent in invest ment management, tech access, operations, scale and market intellectual capital, the announcement said. JFS will in turn contribute to local market insights as well as digital

Congressman Says US Does Make Money by Printing It

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Speaking at a crypto hearing before the Financial Services Committee, US Congress man Brad Sherman said the US does make money by printing it. Subsequently, Sherman said, “That benefit goes to the American people when we provide more services or when we tax them less.” Subsequently, Sherman set his sights on the digital asset industry. During the same hearing, he stated, “The intent of the billionaire bros in crypto is to appropriate for themselves that literal money-making machine.” Additionally, Sherman said he didn’t believe Bitcoin creator, “Saratoshi Nagamoto” was innovative. Referring to Bitcoin creator Satoshi Nakamoto. JUST IN: 🇺🇸 US Congress man says "yes, it is true the United States makes money by printing money." pic.twitter.com/f96VffjUKX — Watcher.Guru (@WatcherGuru) July 26, 2023 Also Read: US Congress man Warren Davidson Calls to Ban CBDC US Congressman Says US Prints Money In Crypto Criticism The overarching perception of the digital asset i

SEC appeal could amplify Ripple win, says Ripple Labs legal chief

Stuart Alderoty says that an appeal by the Securities and Exchange Commission could see Ripple consolidate its victory over the regulator even further. Concerns of a potential appeal by the United States securities regulator to the landmark Ripple ruling earlier this month were shrugged off by Ripple’s chief legal officer. Stuart Alderoty believes that if the SEC takes the case to an appeal , the court could move to consolidate Ripple Labs’ partial victory over the financial regulator even further. Speaking on a July 26 TechCrunch podcast, Alderoty reiterated his position that the XRP (XRP) token does not constitute an investment contract and that the Ripple team would not shy away from any appeal brought to the courts by the SEC. “We think the judge got that right, and we think that was a faithful application of the law, and I think a court of appeals will not only affirm that but maybe even amplify that to even a greater extent.” On July 13, Judge Analisa Torres ruled XRP was no

XDC Price Surges to 52-Week High Amid SBI VC Trading Collaboration

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XDC price hits 52-week high after SBI VC Trading collaboration. A bullish trend emerges in the XDC market, driving prices up by over 19%. The overbought XDC market suggests a potential short-term pullback. Early in the day, bears dominated the XDC Network (XDC) market; however, support was eventually achieved at the $0.04639 low. As a result, buyers were able to counteract the selling pressure, sending the XDC price soaring to a 52-week high of $0.06024 before a modest retreat. This price spike was fueled by positive news about the project’s relationship with the Japanese cryptocurrency trading platform SBI VC Trading to sponsor WebX 2023. WebX 2023 is a widely anticipated event in the cryptocurrency sector that will draw worldwide attention and boost investor trust in XDC. XDC Network is thrilled to announce that we are a Gold Sponsor of @WebX_Asia organized by @coin_post , a premier event in Japan! After the strategic partnership with @sbivc_official,

Crypto investors cool on Bitcoin funds, turning to Ether and XRP

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Bitcoin-related funds saw outflows of $13 million over the past week, reversing five weeks of bullish inflows, according to Coinshares analyst James Butterfill. Bitcoin-related invest ment products appear to have lost some of their sheen among crypto invest ors, recording its first week of outflows since Blackrock filed for spot Bitcoin ETF in June. According to a July 24 report by CoinShares’ head of research, James Butterfill, Bitcoin (BTC) investment products saw outflows of $13 million for the week ending July 21, reversing five weeks of inflows. Short Bitcoin products also saw outflows of $5.5 million in the week. Bitcoin Fear and Greed Index is 50 ~ Neutral Current price: $29,178 pic.twitter.com/T1DMFpsX9p — Bitcoin Fear and Greed Index (@BitcoinFear) July 25, 2023 In contrast, Ethereum (ETH) and XRP (XRP) invest ment products recorded combined inflow of $9.2 million over the last week. Butterfill noted that Ethereum invest ment products were the best performer last week with