Buterin helping to strategize against Ethereum 51% attack possibility

Ethereum developers recently proposed a network change called EIP-1559 — a proposal meant to combat the network’s rising transaction fees. Expected to take effect in July of this year, the move would send a part of every transaction fee to the Ethereum network itself. Ether allocated in this manner would then be burned, reducing the number of coins in circulation. This change would also decrease the amount of rewards going to the network’s miners, leading some to protest the move. A vocal group of participants have since begun to advocate…

Altcoins sell-off after Bitcoin price rejects near its $58K all-time high

Optimism continues to percolate in the cryptocurrency sector on as recent gains in Bitcoin (BTC) have helped push the valuation of the top-ranked cryptocurrency past that of the South Korean won. Data from Cointelegraph Markets and TradingView shows that the price of Bitcoin experienced a wave of selling in the early hours that pushed the price to a low of $54,948 before bulls returned to briefly push the price back above $57,000. BTC/USDT 4-hour chart. Source: TradingView Regardless of Bitcoin price action, institutional investors have consistently expressed their interest in…

Acclaimed digital artist & Beeple collaborator Alberto Mielgo announces NFT drop

You might not know his name, but you’ve probably seen his work. For years Alberto Mielgo has been producing digital art for movies, television, and commercials. Notable works include an episode of Netflix’s LOVE DEATH AND ROBOTS (for which he and his 70-plus man team won multiple Emmys), music videos for The Gorillaz, and Spider-Man: Into the Spider-Verse, where he collaborated with NFT digital-art-turn-high art sensation Beeple. Given the success of his former colleague and the lofty prices NFTs are routinely fetching, Mielgo could well be the next commercially popular digital…

Alameda Invests $20M in Polkadot-Based Reef Finance

The price of Reef Finance’s native token has jumped 30.82%, as Alameda Research has revealed a $20 million investment. Alameda Invests in Reef Alameda Research has announced a $20 million investment in Reef Finance. The investment amount will go toward purchasing the project’s governance token, REEF. In addition to investing, Alameda Research will collaborate with Reef. The two firms aim to build a bridge between the Polkadot and Solana blockchains. The strategic partnership will also integrate Reef with the FTX-backed Serum DEX and Raydium on Solana. Reef Finance is a…

Atari Will Include NFTs in Its Metaverse Project

Key Takeaways Atari is planning to introduce non-fungible tokens (NFTs) as part of its upcoming Metaverse platform. The NFTs will be introduced through the crypto firm Bondly. Previously, Atari announced its own Ethereum-powered casino and its native cryptocurrency token (ATRI). Share this article Atari is working on a series of non-fungible tokens (NFTs) for its new gaming platform, Atari Metaverse, according to a press release. NFTs for Atari Metaverse Atari’s upcoming line of NFTs will include digital collectibles related to gaming, music, and other media. Atari’s efforts are being carried…

Philly t-shirt company allocates $1M of its cash reserves to BTC / ETH

RushOrderTees, a t-shirt printing and embroidering company, intends to buy $1 million worth of crypto with its cash reserves, according to a recent announcement.  “The company has so far purchased $300k in Bitcoin and other cryptocurrencies over the past month and will ramp to $1 million in crypto holdings by the end of April,” a March 12 public statement said. The move from RushOrderTees is another sign of adoption and a normalization of digital asset investing. RushOrderTees is a custom shirt and apparel manufacturer based in Philadelphia, PA. They accept orders…

Why Litecoin Is Poised To Bounce Versus Bitcoin

Litecoin has had a brutal “bull market” if you can even call it that for the once popular cryptocurrency built on Bitcoin’s code. However, that all might soon turn around, as a massive bounce is brewing on the LTCBTC trading pair. A reversal on the trading pair could help Litecoin catch up to the rest of the market, which has already set new all-time highs and then some. If and when LTC recovers against BTC, the upside could be swift and violent. Here’s why. How Long It’s Been Lights Out…

wNews: Unwinding the Grayscale Bitcoin Trade

Key Takeaways One of the industry’s shoo-in trades was the great Grayscale arbitrage trade. Now, it’s dried up.  Markets returned to local highs this week after the House passed the latest $1.9 trillion stimulus package. Amid the multi-chain narrative, several Layer 2 solutions on Ethereum have been hard at work. Share this article This week’s edition of wNews digs into the Grayscale arbitrage trade. Understanding how this particular trade works is key to identifying its effects on the greater crypto economy.  In short, institutional investors are making bank on high…

Ankr gains 137% after becoming the top validator on Binance Smart Chain

It’s hard to argue that the crypto market is not in a bull market right now, but this run does show different characteristics and catalysts than the 2017 bull market.  In 2017, investors were hyped by the allure of high returns from initial coin offerings (ICO) that promised much but delivered very little in the form of an actually working ‘product.’ Fast forward to 2020, and the current altcoin season has been primarily focused on lending, liquidity, and yield farming. Growing interest in Decentralized Finance (DeFi) was triggered by the…