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COTI to Issue New Stablecoin on Cardano Network

COTI introduced a new algorithmic stablecoin called Djed for Cardano this weekend in an effort to expand decentralized finance (DeFi) on the network.Sponsored Sponsored The Djed stablecoin was announced at a Cardano Summit in Wyoming on Sept 26 by IOHK founder Charles Hoskinson. The enterprise-grade fintech platform COTI will be the official issuer of Djed which will use the new Cardano smart contracts to ensure price stability, the announcement added.Sponsored Sponsored Djed will be entering an already crowded stablecoin market that is dominated by Tether and USD Coin, however, its

Rich Dad Poor Dad’s Robert Kiyosaki Predicts ‘Giant Stock Market Crash’ in October — Says ‘Bitcoin May Crash Too’

Robert Kiyosaki, the best-selling author of “Rich Dad Poor Dad,” has predicted a “giant stock market crash” coming in October. He believes that “bitcoin may crash too.” The famous author also offered his opinion on China’s crackdown on cryptocurrencies. Robert Kiyosaki Warns of ‘Giant’ Market Crash in October Famous author and investor Robert Kiyosaki has predicted that a “giant stock market crash” is coming in October, noting that gold, silver, and bitcoin may crash as well. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter.

Time Magazine’s NFT sale peppered with technical problems 

When Time Magazine announced it would finally launch its NFT collection, everybody expected that it would sell out quickly, given the magazine’s rich and valuable media content.  While this expectation was indeed met when its NFT collection comprising 4,676 digital art pieces were sold out in just one minute, there was one thing that buyers didn’t expect: Technical glitches.  According to reports, users have experienced gas prices reaching 9,000 gigawei for a rapid transaction. When the minting process was finished, there were roughly 700 holders of NFTs.  Gigawei is a

Bitcoin Mining Company Greenidge to List on Nasdaq Under Ticker GREE

The Greenidge bitcoin mining company will be listed on the Nasdaq stock exchange on Sept 15, according to an SEC filing.Sponsored Sponsored Greenidge, a bitcoin mining and power generation company that operates in New York, will be listed on Nasdaq on Sept 15. An SEC filing shows that the company’s shares will run under the GREE ticker, and the news follows a previous update that disclosed a merger transaction to be completed on Sept 14. Greenidge and Support.com, which is listed on Nasdaq, merged in March 2021. The closure of

Nick Colas Says Coinbase CEO Made A “Rookie Mistake” By Calling Out SEC

Coinbase News A few days ago, Coinbase’s CEO called out SEC for its “sketchy” behavior. This, according to Datatek Co-founder Nick Colas, was a “rookie mistake.” He says, he hopes Coinbase “has learned or will learn its lessons shortly.” In aninterview with Bloomberg Markets and Finance, Datatek Research Co-founder, Nick Colas mentioned Coinbase’s recent action towards SEC. Colas says it was a “rookie mistake for a CEO to go to war with SEC.” To recall, Coinbase CEO, Brian Armstrong, called out SEC for its “really sketchy behavior.” He explained this

Knit Finance and Kyber Network Team Up for Liquidity Solutions

DeFi News Knit Finance and Kyber Network are teaming up for a strategic collab. The collab will create market options and boost liquidity for both platforms’ assets. Both networks’ assets will also be able to operate on multi-chain. Decentralized Protocol Knit Finance is teaming up with Kyber Network, a liquidity hub, for a strategic partnership. This collaboration will see the latter’s native token integrated into the Knit Finance multi-chain platform. Moreover, the partnership will create market options and boost liquidity for both assets. Knit Finance will also add liquidity for

Is this revenue stream sustainable for Ethereum

The rising interest in NFTs has been well-documented over the past few weeks. Whether it is Ethereum-based Crypto Punks or BSC’s CryptoBlades game, engagement and traffic has been consistent. This has fueled the development of a new marketplace altogether. While activity is bringing eyes to this new form of asset, it is also generating massive sales. In fact, according to data, in the month of August alone, total sales volume worth $5 billion was recorded. That is a whopping 1103% increase month-over-month from July. A total of 5.6 million NFT

Litecoin: Is it time for the market’s buyers to take a breather yet

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Like most of its counterparts, Litecoin noted an increase in value on the back of Bitcoin’s push above $50k. The alt, which historically shares a strong correlation with the king coin, lined up seven straight green candles on the 4-hour timeframe. This was last seen in late May after Litecoin rallied from a near 4-month low. However, a resistance zone seemed to have the potential to trigger the next

Tezos, Binance Coin, Cosmos Price Analysis: 02 September

As Bitcoin and Ethereum secured fresh gains, the altcoin industry mimicked their price actions. Tezos, in the midst of developmental news about Golden Goals introducing NFTs on the altcoin, pictured gains while eyeing its immediate resistance level of $6.05. Binance Coin surged by 5.2% as it steered clear of the crucial support level of $460.42. Finally, Cosmos rallied by 7.3% as it prepared to retest its all-time high.  Tezos [XTZ] XTZ/USD, TradingView XTZ rose up on its charts after Bitcoin pushed against $50k. Over the last 24 hours, XTZ registered