Stellar XLM Edges Closer to a 35% Price Movement

Stellar’s price action suggests that volatility is about to strike back. Stellar Primed for Volatility XLM’s market value dropped by 50% after reaching a new yearly high of $0.61 on Feb. 13. The downswing seems to have been fueled by a market-wide correction that caused over $6.5 billion in liquidations. While some altcoins managed to recover the losses incurred, Stellar entered a stagnation period. The twelfth-largest cryptocurrency by market capitalization has been consolidating over the past two weeks, making a series of lower highs and higher lows along the way. When drawing…

John McAfee Indicted by Department of Justice

Key Takeaways The U.S. Department of Justice has indicted John McAfee for allegedly running a crypto “pump and dump” scheme.  The entrepreneur was previously charged by the U.S. SEC. with fraudulently promoting ICOs. McAfee was detained in Spain last year after he was arrested on criminal tax evasion charges.  Share this article Eccentric entrepreneur John McAfee is in more trouble with U.S. authorities over an alleged “pump and dump” scheme and ICO. McAfee Charged With Fraud McAfee has been indicted on charges of fraud and money laundering by the U.S.…

Bitcoin, Ethereum, XRP Poised to Resume Uptrend

Key Takeaways Bitcoin sits on top of a significant support wall that may allow it to rebound towards new all-time highs. Ethereum’s upcoming protocol update could be the catalyst that ignites another bull rally.  XRP remains one of the most popular cryptocurrencies in Asia Pacific despite its legal uncertainty in the U.S.  Share this article Extreme volatility levels in the cryptocurrency market have led to massive liquidations over the past few weeks. Despite the significant losses incurred across the board, data shows that Bitcoin, Ethereum, and XRP are about to…

Ampleforth Removes Upgradeability, Decentralizes into Community

Key Takeaways The original rebasing project Ampleforth is removing upgradeability from the protocol’s token smart contract. The project has taken the next step on the path to placing the protocol into the hands of its community of more than 30,000 active AMPL wallets. Ampleforth is officially censorship-resistant and cannot be changed without the community’s approval. The DeFi news category was brought to you by Ampleforth, our preferred DeFi partner Share this article Ampleforth has lifted upgradeability from the protocol’s token contract, taking another step towards full decentralization. The protocol is…

Crypto Briefing’s CB10 Index Yearly Returns Top Ethereum

Key Takeaways Crypto Briefing’s CB10 portfolio reconstitution for March resulted in increased allocation in Bitcoin and Cardano’s ADA. The increasing concerns about Ethereum’s rising fees seems to have created a strong tailwind for competition. Dogecoin entered the CB10 index replacing AAVE. Share this article Crypto Briefing’s CB10 experimental index was able to cushion the recent downtrend in ETH. This protection was thanks to diversification and disciplined investment in the top ten cryptocurrencies weighted by market capitalization on CoinGecko for U.S. investors. Crypto Briefing CB10 Index Performance The CB10 crypto index…

Ethereum “ETH Buyback” Update Scheduled for Summer 2021

Key Takeaways EIP-1559 is going live in Ethereum’s London hard fork, scheduled for this July. The blockchain’s core developers reached a consensus on adding EIP-1559 to London during a call today. Though EIP-1559 has faced some blowback from miners, it could vastly improve Ethereum’s economic propositon and security. The DeFi news category was brought to you by Ampleforth, our preferred DeFi partner Share this article Big news for Ethereum: the network’s major EIP-1559 update is happening this summer.  ETH Buyback Ready to Ship EIP-1559 will go live in Ethereum’s London…

Centra Co-Founder Prisoned Sentenced to 8 Years for Fake ICO Scam

Key Takeaways Sohrab Sharma, co-founder of the scam ICO known as Centra, has been sentenced to eight years in prison. Sharma made several false claims including business ties with Visa and Mastercard to issue a crypto-based debit card. In 2017, the Centra ICO raised 100,000 ETH, which was later seized by U.S. Attorney’s Office and the FBI. Share this article Sohrab Sharma, Florida-based co-founder of cryptocurrency firm Centra, will serve eight years in connection to his leading role in a fraudulent Initial Coin Offering (ICO). Jail Time for ICO Founder…

Microstrategy Buys the Dip, Adds $10 Million Bitcoin 

Microstrategy has again bought the Bitcoin dip. This time, the firm is adding another $10 million to its treasury. Serial Bitcoin Buyers This is only the latest investment in Bitcoin for serial buyers MicroStrategy. While this one is less substantial than the $1 billion investment on Feb. 24, it sends a clear message: The bull market is far from over.  Saylor isn’t alone either. Though Microstrategy has been a catalyst for institutional investment, many companies, including Tesla, have begun to add BTC to their balance sheet. Some even regret not…

Crypto.com Has Introduced a $200 Million Startup Fund

Crypto.com has launched a $200 million fund for crypto startups, according to an announcement from the company. Crypto.com to date has offered an exchange and wallet, plus crypto cards and loans products. Now, the firm is expanding its horizons: after passing 10 million users, the company is looking for long-term partnerships with crypto entrepreneurs and businesses. That means Crypto.com will fund new cryptocurrency startups. It will issue cheques for seed rounds ranging from $100,000 to $3 million, and it will lead series A rounds ranging from $3 million to $10…

Ethereum Now Offered On Amazon Managed Blockchain

Amazon has announced that Ethereum is now available via its blockchain service, Amazon Managed Blockchain. The announcement means that users of the cloud computing platform Amazon Web Services (AWS) can set up Ethereum nodes and join the network via Amazon’s blockchain service. Ethereum nodes are software clients that power the Ethereum network and verify transactions. Users will be able to join the Ethereum mainnet as well as testnets such as Rinkeby and Ropsten. According to Amazon, its support for Ethereum will make access to the network secure. “With Amazon Managed…