‘Insane’ ETH fees delay launch of Aavegotchi NFT game

Decentralized finance project Aavegotchi is pushing back the mainnet launch of its non-fungible token digital collectible game due to high activity on the Ethereum blockchain. According to a Tweet from its team today, Aavegotchi will be postponing the Jan. 4 launch of its game in response to the “insanely high gas costs” and “extreme volatility” on Ethereum. The project also stated it will “most likely” migrate to the Matic Network — a smart-contract platform and layer two scaling solution for Ethereum. “Aavegotchi on L2 means no gas fees, faster transaction…

OCC greenlights national banks to run nodes and stablecoin networks

Monday evening, the Treasury’s Office of the Comptroller of the Currency told national banks that they are allowed to run independent nodes for distributed ledger networks. Referring to of independent node verification networks, the OCC’s interpretive letter says that banks “may use new technologies, including INVNs and related stablecoins, to perform bank-permissible functions, such as payment activities.” Coming amid a great deal of uncertainty as to the future of stablecoins, the OCC’s announcement is big news. The office, nonetheless, cautions that there are cyber risks inherent to using such technology:…

With 6 hours left, Treasury logs almost 6000 comments on crypto monitoring proposal

Despite many objections to the truncated timeframe, public comments are due tonight in response to the U.S. Treasury’s proposal to require businesses like crypto exchanges to know the identities behind wallets with which they transact.  As of Sunday night, the Treasury’s Financial Crimes Enforcement Network, or FinCEN, had recorded 5,633 responses to its proposed rule. That number is despite the fact that FinCEN gave only 15 days, rather than the usual 60 for responses. The office dropped its announcement on Dec. 18, a Friday evening a week before Christmas Day…

Sell Setup Triggers On Ethereum Following Monster 50% Two-Day Surge

In just 48 hours, Ethereum rocketed over 50% from $770 to roughly $1140 at last night’s overnight high. The massive Sunday candle was the lead up to a sell signal forming on daily timeframes. Was this latest push higher the last impulse in Ethereum’s bull trend? Or like Bitcoin, will this sell signal fail, and the top-ranked altcoin soars to a new all-time high? Happy New Year: Ethereum Surges More Than 50% First Week Into 2021 Although it is hard to argue that 2020 was the year of Bitcoin, Ethereum…

Cardano Sits on Stable Support Before Possible Rise

Key Takeaways Cardano (ADA) finally broke out of a prolonged consolidation period that began on November 2020. Now, the token seems to be targeting a market value of $2.00. As long as the $0.21 support holds, the bullish outlook will remain. Share this article Even though Bitcoin has stolen the crypto spotlight after rising to a new all-time high near $35,000, Cardano is poised to compete with it. Cardano’s ADA token is developing a massive bullish pattern on its weekly chart that may see its price rise by more than…

Russia’s Central Bank tries to stem the tide of rubles leaving bank accounts

Beginning investors in Russia will soon find themselves with fewer options to beat plummeting interest rates offered at Russian savings accounts. In addition to the investors themselves, the big losers are likely to be trading apps like Robinhood, which aim at first-timers. Per a Dec. 30 announcement, the Central Bank of Russia is working to get securities trading platforms to toe the line on “risk-reduction” measures first passed in July. In the latest announcement, the CBR recommends securities platforms and applications have systems to “secure the impossibility of executing on-platform…

Crypto-friendly app cautions users to ‘reassess’ XRP holdings

Revolut, a crypto-friendly trading app, is reportedly issuing a strong warning to its customers regarding buying and selling XRP. According to news outlet The Irish Times, the fintech firm recently sent out a notice to its customers saying it was still possible for the firm to delist or restrict trading on XRP with little or no notice. Revolut warned users that their funds could effectively be stuck without the means to sell tokens even if the price falls to zero “in a worst-case scenario.” “It’s important that you constantly reassess…

Mask Network Offers Tool for Twitter Token Sales

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Litecoin briefly flips XRP as 4th largest crypto amid Ripple–SEC spat

Litecoin (LTC) and XRP briefly traded places in market capitalization rankings over the weekend, highlighting the impact of the recent lawsuit against Ripple filed by the United States Securities and Exchange Commission. The so-called “flippening” happened early Sunday when Litecoin’s market cap hit $9.95 billion following a more than 12% surge in price. XRP, meanwhile, had declined in excess of 25% over a 24-hour trading period.  LITECOIN JUST FLIPPED XRP pic.twitter.com/yjBq15JtpV — HODLGeorge (@BitfuryGeorge) January 3, 2021 At press time, XRP was back in the fourth position with a market…