The E-Stablecoin would require several scientific advancements that are already in the works, and would allegedly make it possible to transmit electricity almost for free. Researchers at the federally-funded Lawrence Livermore National Laboratory in California have combined statistical mechanics and information theory to design a stablecoin they call Electricity Stablecoin (E-Stablecoin) that would transmit energy...Continue Reading

The seven filings also suggested ASU could be exploring the use of nonfungible tokens to authenticate many documents from diplomas to tickets for university events. One of the largest public universities in the United States by enrollment may be planning to launch virtual classes in the metaverse in the future.  According to records submitted to...Continue Reading

Another wave of selling hit BTC and sent its price to lows not seen since December 2020. Does on-chain data suggest this dip is worth buying? On June 13, cryptocurrency prices plunged deeper into bear market territory after Bitcoin (BTC) sliced through its current trading range and briefly touched $22,600, its lowest level se since...Continue Reading

Senators confirmed that Bitcoin and Ether will be classified as commodities and regulated by the CFTC. One can hardly name a document more long-hoped-for as the crypto bill, co-sponsored by United States Senators Cynthia Lummis of Wyoming and Kirsten Gillibrand of New York, was for the crypto community. And, it’s finally here. Last week, Lummis...Continue Reading

Not even popular art collectibles could survive the wrath of the market downturn. It appears there is no respite anywhere in the crypto realm in the face of Monday’s extraordinary market sell-off. Based on data from NFT Price Floor, the floor prices for Bored Ape Yacht Club (BAYC) and CryptoPunks, two of the most popular...Continue Reading

Many social media users seem to be waiting for other crypto exchanges, including Coinbase and Kraken, to follow in Binance’s and Celsius’ footsteps by suspending withdrawals. Major crypto exchange Binance has announced that it had resumed Bitcoin withdrawals after more than three hours amid extreme market volatility.  In an update during what many are calling...Continue Reading

Is it time to be greedy? Experienced market makers and arbitrage desks have turned strongly risk-averse as BTC price dropped to $22,600. Bitcoin (BTC) lost the $28,000 support on June 12 following worsening macroeconomic conditions. The United States Treasury 2-year note yield closed on June 10 at 3.10%, its highest level since December 2007. This...Continue Reading

Bitcoin and altcoins are seeing heavy selling as June 13’s massive unwinding could be the final capitulation-level event before the market finally hits a bottom. The United States equities markets extended their decline to start the week on June 13. The S&P 500 hit a new year-to-date low and dipped into bear market territory, falling...Continue Reading

Data points to capital flight among most major DeFi protocols. On Monday, a heavy cryptocurrency sell-off in the markets caused significant ripples for projects and entities alike. On popular decentralized finance, or DeFi, lending protocol Aave (AAVE), utilization rates have fallen across nearly all stablecoin borrowings. Most notably, borrowings for Binance USD (BUSD) now stand...Continue Reading

ETH managed a sharp rebound after falling to $950. But the ETH/USD bearish continuation setup could have it revisit it. Ethereum’s native token Ether (ETH) fell to as low as $950 on Uniswap—a decentralized crypto exchange— this June 13, about 20% lower than its spot rate across other exchanges. ETH/USD hourly price chart. Source: Uniswap...Continue Reading