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Biggest Movers: SOL Slips Towards Multi-Month Low, as LTC Surges on Thursday

Solana was back in the red on Thursday, as the token fell towards a three-month low in today’s session. The decline comes as cryptocurrency markets fell lower, trading down by as much as 2.39% as of writing. Litecoin was a notable exception, climbing for a second successive session. Solana (SOL) Solana (SOL) was down by…
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Ethereum Classic Hashrate Taps Another All-Time High, ETH Hashpower Remains Unchanged

On August 31, 2022, Ethereum Classic’s hashrate reached another all-time high (ATH) this year at block height 15,850,811. Ethereum Classic’s global hashpower surpassed the 40 terahash per second (TH/s) region on Wednesday. Despite the fact that the network’s hashrate has risen a great deal, Ethereum’s hashrate remains relatively unchanged with just over 1,000 TH/s dedicated…
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Yield App Unveils Higher Yield Passive Income Product

PRESS RELEASE. Yield App, a global FinTech company and digital wealth platform which has attracted more than 80,000 customers since its launch in February 2021, is enhancing its product suite with a new higher-yielding crypto passive income alternative. The new crypto passive income product suite has been named Earn+ and comprises stablecoin and Ether portfolios…
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Gold and Silver Markets Shudder, Analysts Say Firm Dollar and Rate Hikes May Drag Precious Metal Markets Lower

Precious metal markets have shuddered during the last few weeks, as gold’s price per ounce nears a six-week low hovering just under $1,700 per unit. Silver crashed through the $18 range slipping to $17.80 per ounce. While both gold and silver dipped between 0.85% to 0.89% against the U.S. dollar in 24 hours, platinum dropped…
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Update for Mt. Gox Creditors, Binance’s Messages, Ledger at Best Buy + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.  __________… Read More: Update for Mt. Gox Creditors, Binance’s Messages, Ledger at Best Buy + More News  Read more »Sign up for e-EUR – the progressive stablecoin

As Ethereum Options Open Interest Remains High, Brace for Volatility Ahead of Merge

After a large increase in the open interest (OI) in ethereum (ETH) options contracts over the course of July and the first half of August, warnings have emerged that traders should brace for increased volatility in the nearest term. Increased volatility will be on the horizon as options traders exit their positions around the time…
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Blockchain firms fund university research hubs to advance growth

Universities implement physical and virtual research hubs dedicated to advancing blockchain technology through scientific and educational knowledge. The demand for organizations to adopt blockchain technology is growing rapidly. Recent findings from market research and advisory firm Custom Market Insights found that the global blockchain technology market size was valued at $4.8 billion in 2021, yet…
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Crypto.com backs out of $495M sponsorship deal with UEFA Champions League: Report

The crypto exchange reportedly stepped in as a potential sponsor after the Champions League dropped Russian state-owned energy firm Gazprom. Cryptocurrency exchange Crypto.com has reportedly dropped out of a half-billion-dollar sponsorship deal with the Union of European Football Associations Champions League. According to a Wednesday report from SportBusiness, Crypto.com pulled out of a $495-million agreement…
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Kyle Roche files to withdraw from class-action practice after video leak

According to a series of court records released on Aug. 31, Roche is understood to be “no longer involved” in Roche Freedman’s class action practice. In the wake of allegations made by Crypto Leaks, high-profile crypto lawyer Kyle Roche has filed to withdraw as counsel on several crypto class-action lawsuits. According to a series of court…
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DeFi can take a hint from traditional finance to lower risks, says ex-Morgan Stanley exec

Infinity Exchange CEO Kevin Lepsoe says if DeFi wants more institutional adoption in crypto, it must first nail the fixed income markets. The decentralized finance (DeFi) ecosystem scored another win against traditional finance, often called TradFi, with a former Morgan Stanley executive launching a DeFi protocol. Kevin Lepsoe, the former head of structuring for Morgan…
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