Author: Crypto News

The sponsorship of high-profile sports and teams may be key to legitimizing the crypto industry to the general masses, according to Luke Ryan, Head of Content at Australian crypto exchange CoinJar.In May 2021, the exchange became the first crypto company in Australia to sponsor an Australian Football League (AFL) club by partnering with the Melbourne Demons.Speaking to Cointelegraph at the Australian Crypto Convention on Sept. 18, Ryan remarked the AFL partnership changed the discussion around cryptocurrency in the country and that “it gives cryptocurrency a bigger sense of permanence.”“Perhaps prior to this real punch into the sporting mainstream it was…

Read More

Ethereum declined sharply from the $1,500 resistance zone against the US Dollar. ETH is down over 10% and there could be more losses towards the $1,200 support. Ethereum started a fresh decline after it failed to clear the $1,500 resistance zone. The price is now trading below $1,400 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $1,360 on the hourly chart of ETH/USD (data feed via Kraken). The pair could accelerate further lower below the $1,300 support zone in the near term. Ethereum Price Starts Fresh Drop Ethereum failed to…

Read More

Community & educationEthereum Cat HerdersCommunity group supporting Ethereum core developers with project management, communication and coordination.Community & educationEthCCEthereum FranceDeveloper and community conference held in Paris, France.Community & educationEthereum TGUGrassroots Ethereum community group organizing meetups, workshops and developer events in Honduras.Community & educationEther University Content and Educational ResourcesNathan LeungCommunity-building and educational resources for undergraduate students participating in the ETH Summer learning program.Community & educationETHUni: ETH Spring Community DevelopmentScott Moses SunartoCommunity building and support for the ETH Spring undergraduate learning program, plus formatting and migration of content to the ETH Spring website for public consumption.Community & educationETHUni: ETH SummerTherese Cresalia and Scott…

Read More

Decentralized exchange (DEX) GMX has reportedly suffered a price manipulation exploit from an exploiter who managed to make off with around $565,000 from the AVAX/USD market.The unidentified exploiter is understood to have capitalized on GMX’s “minimal spread” and “zero price impact” features to pull off the exploit, which impacted GLP token holders who provided liquidity in the form of AVAX (the Avalanche token) to GMX.GMX confirmed the price manipulation exploit in a Sept. 18 post on Twitter, but stated that the AVAX/USD market would remain open despite imposing a $2 million cap on long positions and $1 million cap on…

Read More

Australian Liberal Senator Andrew Bragg has released a new draft bill aimed at clamping down on digital asset exchanges, stablecoins, and China’s central bank digital currency, the e-Yuan.In a statement on Sept. 18, Senator Bragg stated that “Australia must keep pace with the global race for regulation on digital assets” as “it is essential that the parliament drives law reform” on the matter.The new draft bill, titled Digital Assets (Market Regulation) Bill 2022, calls for the introduction of licenses for digital asset exchanges, digital asset custody services, stablecoin issuers, as well as disclosure requirements for facilitators of the e-Yuan in Australia.…

Read More

The Indian bitcoin and cryptocurrency space is ripe for growth and innovation way much more than before.In March this year, the Supreme Court of India annulled a ban on banks doing business with crypto exchanges in the country.This paved the way for both existing and new potential users to enter the digital asset market with newfound vigor.So much so that crypto trading activity in India shot through the roof surging 400 percent also because of the COVID-19 lockdown.Now that buying and selling bitcoin/cryptocurrency assets are legal in India, here is how you can start by opening a crypto trading account…

Read More

The Ethereum network will be undergoing a scheduled upgrade at block number 13,773,000, which is predicted to occur on Wednesday, December 8, 2021. The exact date is subject to change due to variable block times and timezones. Please upgrade your node before Sunday, December 5, 2021 to account for the variable block times. What is Arrow Glacier? The Arrow Glacier network upgrade, similarly to Muir Glacier, changes the parameters of the Ice Age/Difficulty Bomb, pushing it back several months. This has also been done in the Byzantium, Constantinople and London network upgrades. No other changes are introduced as part of…

Read More

Presently, there seems to be a general assumption that when the U.S. dollar value increases against other global major currencies, as measured by the DXY index, the impact on Bitcoin (BTC) is negative.Traders and influencers have been issuing alerts about this inverse correlation, and how the eventual reversal of the movement would likely push Bitcoin price higher.Analyst @CryptoBullGems recently reviewed how the DXY index looks overbought after its relative strength index (RSI) passed 78 and could be the start of a retrace for the dollar index.This is literally the only thing you need to look at:The $DXY is crazy overbought…

Read More

Namaste Tribe!If you are a Play-to-Earn (P2E) enthusiast and have experienced the magic of The Sandbox Season 1 & 2, you must be excited for Season 3. The Sandbox has revolutionized the P2E gaming experience this time, where 90+ experiences will be disclosed over ten weeks. You will be kept on the edge of your seat with solo and multiplayer experiences.This time, it’s going to be HUGE! And we have something exciting for you – We have partnered with our friends at The Sandbox to give away free Alpha Passes to you! So all you have to do is play…

Read More

Ethereum’s transition to proof of stake — The Merge — is near: devnets are being stood up, specifications are being finalized and community outreach has begun in earnest. The Merge is designed to have minimal impact on how Ethereum operates for end users, smart contracts and dapps. That said, there are some minor changes worth highlighting. Before we dive into them, here are a few links to provide context about the overall Merge architecture: The rest of this post will assume the reader is familiar with the above. For those wanting to dig even deeper, the full specifications for The…

Read More