Some analysts believe that Compound’s Governance Token’s dramatic rally and crash may have been engineered by derivatives traders. A number of analysts have suggested the meteoric price performance of the Compound Governance Token (COMP) may have been orchestrated using derivatives. After initially changing hands for approximately $80 each upon its June 18 listing on Poloniex,…
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In anticipation of AVA mainnet launch this summer, Emin Sirer’s AVA project raises $12 million from major industry investors. The Avalanche Foundation, the organization behind the Emin Gün Sirer-founded blockchain protocol Avalanche, has raised $12 million in a new private token sale. According to an announcement on June 25, the sale was led by major…
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FC Barcelona’s Fan Token has generated nearly $2.5 million in trade volume in less than one day of trade. In its first day of trading, the fan token for Spanish soccer team FC Barcelona (BAR) has seen trading volume that almost doubled the $1.3 million raised in the crypto asset’s token sale earlier this week.…
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Crypto research firm Messari has estimated that Bitcoin could trade for $50,000 each if institutions allocate a low-single-digit portfolio percentage to BTC. Messari’s Ryan Watkins has crunched the numbers and predicts that if institutions allocate just 1% of their portfolios to Bitcoin, then BTC’s market cap could rise to above $1 trillion, Watkins’ research sought…
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Sales were expected to last 48 hours. Spanish soccer giant FC Barcelona has sold out its first FC Barcelona Fan Tokens (BAR), which were sold via sports-focused token platforms Chiliz.net and Socios.com. The $1.3 million sale ran its course in less than two hours. At its peak it sold $777,000 of tokens in less than…
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The next step toward blockchain adoption could be tokenized technological solutions implemented as a financial instrument within the entertainment industry. Over the last two years, the cryptocurrency industry has gone through a paradigm shift, as developers, projects and users have begun applying blockchain technologies to ever more innovative and intriguing use cases. Among these, the…
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Peer-to-peer crypto-powered wireless network Helium announced its expansion to Europe after launching in North America. Peer-to-peer, or P2P, crypto-powered wireless network Helium announced its expansion to Europe after launching in North America. According to a June 18 announcement shared with Cointelegraph, Helium will start shipping its network’s Hotspots to Europe in July. The announcement also…
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A single day of trade has seen Compound’s COMP emerge as the largest DeFi token by market capitalization. After a single day of trading, Compound’s COMP token has emerged as the largest decentralized finance (DeFi) token by market capitalization. COMP overtook MakerDAO’s MKR token by market cap as it rallied by more than 60% over…
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Hyperledger has attracted eight new members, spanning firms working on blockchain based supply chain solutions, payments, and token standardization. Eight new members have joined Hyperledger, including several firms targeting tokenization initiatives. Hyperledger is a consortium of firms working on open-source enterprise solutions using distributed ledger technologies (DLT). Launched in December 2015 by the Linux Foundation,…
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Blockchain Heroes features 50 superhero collectible cards inspired by top crypto personalities. A new digital trading card series on the WAX blockchain — Blockchain Heroes — will feature 50 unique superheroes inspired by top influencers, inventors and content creators throughout the blockchain community. The series, developed by co-hosts of The Bad Crypto Podcast, Joel Comm…
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