Sky, formerly Maker, launches USDS stablecoin on Solana

Following a breakout year for cryptocurrencies, 2018 has been extremely challenging — to say the least. With Bitcoin and numerous altcoins hitting all time highs in December, a sobering market correction followed and the markets have only started to settle midway through this year. There have been many reasons for the cryptocurrency markets being battered…

Bitcoin (BTC) liquidated $200 million of long positions on Nov. 8 as BTC price briefly tumbled to two-year lows.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC price sets new two-year lowData from Cointelegraph Markets Pro and TradingView revealed carnage across crypto price charts as exchange FTX kept the mood low.After initially rebounding over $20,000 on news that…

The increasing popularity of Bitcoin NFTs, or Ordinals, will positively impact the Bitcoin network’s security and attract developers to the ecosystem, according to Ordinals proponent Udi Wertheimer. 3628 Total views 44 Total shares Own this piece of history Collect this article as an NFTAccording to independent developer Udi Wertheimer, Bitcoin (BTC) non fungible tokens (NFTs)…

BNB tokens will now be burned automatically based on a formula that includes blocks generated and BNB’s price. 765 Total views 13 Total shares Binance officially announced the implementation of a new Binance Coin (BNB) Auto-Burn protocol to replace its current quarterly burn mechanism. In response to the requests of the BNB community, Binance changed its…

Global economic conditions are tightening; interest rates are in flux; and inflation has yet to be curbed. Considering the economic headwinds, the fact that Silvergate Bank, Silicon Valley Bank and other banks are breaking is not surprising. But why now? Quickly rising interest rates are extremely disruptive to banking models, but the collapse of these particular…

A Grayscale executive said the products will provide traditional investors with exposure to an asset that has the potential to transform the entire financial system.

The price of Bitcoin (BTC) dropped below $9,000 in a rapid pullback, falling by 5% in 48 hours. It marked the seventh drop to the $8,000s for the top-ranked cryptocurrency by market capitalization within a span of two months, since early May. Thus, traders have been concerned that repeated drops below $9,000 may weaken a…

Bitcoin (BTC) has been struggling to sustain above the $53,000 support for the past three days, while Ether (ETH) soared to a new all-time high at $2,800. In the current scenario, some traders would rather wait for Friday's CME futures expiry before entering long BTC positions, as historically, its price tends to correct ahead of…