Bitcoin and Ethereum Hit as Crypto Market Endures Selloff
Crypto launchpads are platforms that help new cryptocurrency projects get off the ground. They provide various services, such as listing the project on popular exchanges and helping with fundraising. Hami is a new crypto launchpad aiming to provide a solution for those wishing to use cryptocurrency daily. We will look at the team’s mission, the services they offer, the project’s roadmap, and more.
The total crypto scam revenue year-to-date currently stands at $1.6 billion as recorded by a recent Chainalysis report. This purports a near 65% decline from the previous year’s period which appears to be linked to falling cryptocurrency prices. This is also reflected in the transaction volume across cryptocurrencies. As things stand, crypto crime appears to be more resilient as compared to price declines across assets. Illicit volumes are down just 15% YoY, as compared to the 36% drop in legitimate volumes. Source: Chainalysis
On Tuesday (August 16), the developers behind Baby Doge Coin ($BABYDOGE), which is of the most popular meme-based crypto projects (with over 1.5 million followers on Twitter), announced that their swap protocol had gone live on the BNB Chain testnet. In case you are not already familiar with Baby Doge ($BABYDOGE), here is...
Solana price started a decent increase from the $38 support against the US Dollar. The price is now trading above $40 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $41.80 on the 4-hours chart of the SOL/USD pair (data feed from Coinbase). The pair must clear $45 and $46 to continue higher in the near term. Solano price is trading above $40 against the US Dollar, similar to bitcoin. SOL could start a...
Cryptocurrency market hacks have been on a rampant rise so far this year in 2022. As per the latest Chainalysis report, the decentralized finance (DeFi) sector has been the biggest victim of hackers. So far through July 2022, $1.9 billion worth of digital assets have been stolen. This is more than 50% in comparison to the same period last year. Chainlaysis notes that this trend doesn’t seem to reverse anytime soon. Earlier this month, nearly $200 million were stolen from cross-chain...
BNB token is beginning to lose attention in the market after another lacklustre week. The Binance governance token has seen swings in the past which have lost their pace recently. The token subsided with bullish activity as top crypto assets gathered strength in numbers from the market recovery. But a late sell-off on 15 August has seen the profits dry up as quickly as they came. This left the BNB token at $317.98 during press time with no significant price swings...
The case of Solana has increasingly become interesting in the past few days. According to data from DefiLlama, the total value locked in Solana’s DeFi has dropped by around $600 million since 31 July. Solana’s DeFi TVL started the month at $2.15 billion but was down to $1.56 billion at press time. This has gone on to reflect Solana’s position among the TVL in chains. At the start of the month, Solana was ranked fifth but is down a further two...
On Monday, August 15, BTG Pactual, the largest investment bank in Latin America, debuted its crypto brokerage services. Banks in Latin America and Brazil have been rushing to set their foothold in the crypto space. Amid uncertain economic conditions, demand for crypto assets in this region has shot up significantly. The announcement from BTG Pactual comes just on the same day when another competitor XP launched its services. Dubbed Mynt, the crypto brokerage platform shall arrive as a separate product. However,...