Mainnet launch and NFT sale lift Aavegotchi (GHST) to a new all-time high

Non-fungible tokens (NFTs) have rapidly become the new hot topic in the cryptocurrency sector, as evidenced by Litecoin creator Charlie Lee comparing the current spike in NFT interest to the ICO mania of 2017.  The recent pullback in the cryptocurrency market hit decentralized finance tokens (DeFi) pretty hard but as Bitcoin price recovered the $50,000, DeFi and NFT tokens bounced back rapidly.  One project that has successfully capitalized on the DeFi and NFT boom is Aavegotchi (GHST). The project benefits from its association with AAVE, while also focusing on the…

Ethereum now available on Amazon Managed Blockchain

Tech giant Amazon just announced the general availability of Ethereum on its managed blockchain. According to Amazon Web Services, or AWS, users now have the ability to “provision Ethereum nodes” as well as connect to the blockchain’s mainnet as well as the Ropsten and Rinkeby testnets through the Amazon Managed Blockchain. The program claims to offer secure access to the network with “standard open-source Ethereum APIs” and syncs to the Ethereum blockchain. “Amazon Managed Blockchain monitors node health, replaces unhealthy nodes, and automates Ethereum software upgrades, improving the availability of…

Ethernity Chain partners with BossLogic to launch exclusive NFT auction

Ethernity Chain, a community-oriented NFT platform, is partnering with graphic artist BossLogic to launch an exclusive line of tokenized art pieces for the community.  Under the new agreement, BossLogic will create 2,500 NFTs exclusively for the Ethernity Chain network. Each NFT will be priced at 0.299 ETH. The competition begins Mar. 7, with winners to be notified via email. To participate in the competition, users must follow Ethernity Chain and BossLogic on Twitter and join the Ethernity Chain Telegram and ANN channels. Users must also retweet the BossLogic announcement, tag…

Cardano Has Reached #3, But Price Gains Are Limited

Key Takeaways Cardano recently carried out its “Mary” update, enabling developers to issue custom tokens on top of the blockchain. Cardano’s ADA token is now the third largest cryptocurrency. However, ADA’s price gains have been diminished, and investors appear to be cautious about a steeper correction. Share this article Cardano (ADA) has introduced support for custom assets and become the third largest cryptocurrency. However, investors seem reluctant to purchase the token at current prices.  Cardano Introduces Custom Tokens Cardano recently released a new protocol update, “Mary,” which will boost the…

Unibright (UBT) price soars after DeFi staking and enterprise-level partnerships

As Bitcoin (BTC) and Etheruem (ETH)  gain legitimacy in top financial circles that will eventually help digital currencies mainstream, projects that offer enterprise-level blockchain solutions are also gaining attention from the corporate sector and investing class. Sold as one of the next technological breakthroughs that will revolutionize the current digital landscape and usher in a new era of decentralization, businesses and corporations have already shown immense interest in how blockchain technology can be integrated into their operations to help save money and increase efficiency. One project that has a focus…

QuickSwap DEX Offers Credit and Debit Card Support

Key Takeaways The Polygon-based DEX QuickSwap is introducing fiat payments. This will allow users to make credit card and debit card payments to buy cryptocurrency on the DEX. Most DEXes only allow crypto-to-crypto trades, making QuickSwap one of the first DEXes to support the feature. The DeFi news category was brought to you by Ampleforth, our preferred DeFi partner Share this article QuickSwap now offers a fiat onramp for credit and debit card users, making it one of the first decentralized exchanges (DEXes) to do so. Fiat Support for DEX…

Gensler sticks up for Bitcoin before Congress, but doesn’t say much new

Today, the Senate Banking Committee held its first hearing on the nomination of Gary Gensler to chair the Securities and Exchange Commission. The role will have major influence on the future of crypto regulation, as the SEC has been a chokepoint for major areas like the status of initial coin offerings, approval of new exchange-traded funds, and crypto firms going public.  In his appearance before the committee, however, Gensler was evasive about any specific changes he would make to the SEC’s crypto policy. He supported prior decisions, like Bitcoin’s exclusion…

Litecoin is trading at a 1,800% premium via Grayscale’s LTC trust — But why?

Shares in Grayscale Investments’ Grayscale Litecoin Trust, or LTCN, have been trading at a whopping 1,800% premium over the market rate of their underlying asset, Litecoin (LTC). $319 per Litecoin?  This difference is primarily due to retail investors’ inability to purchase shares directly from Grayscale Investments, whose funds are aimed exclusively at accredited investors. LTC holdings per LTCN share (orange) and premium (blue). Source: Bybt.com It costs $319 to buy a share in Grayscale Litecoin Trust. However, its LTC holdings per share are currently worth just $16.42. That means it’s…