Eric Lee - CryptocyNews.com

Daily Crypto Market Update – Bitcoin Breaks $28k Once Again

March 29, 2023 by Eric Lee

The crypto market has seen $70 million in inflows over the past day. The total market cap is up 5.4% to $1.22 trillion. Bitcoin’s market valuation rose by 5.78% to $547.89 billion, while that of Ethereum surged 5.6% to $221.56 billion. All…

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What are ERC-20 Tokens, ETH and Gas? – Ethereum’s Architecture Explained

March 28, 2023 by Eric Lee

To better understand how the Ethereum network works, you must first know these three components: ETH, ERC-20 tokens, and gas. They collectively power the network, let developers create their own tokens on the Ethereum blockchain and incentivize validators. What is ETH? The…

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dYdX Announces Launch Date For Migration to Cosmos

March 28, 2023 by Eric Lee

On Monday, dYdX revealed the launch of the V4 private testnet, a massive milestone that will see the DEX (decentralized exchange) leave the second-largest blockchain, Ethereum. dYdX also announced that the platform will start running on Cosmos by the end of September….

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“Flatcoin” Developers Respond to Coinbase’s Call to Build on Base Network

March 28, 2023 by Eric Lee

Coinbase has continued to lure developers into building various projects in its layer-2 network called Base. This time around, the leading crypto exchange in the United States is targeting creators of flatcoins, stablecoins that are not pegged to fiat currencies like the…

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BNB Falls 5% Following CFTC Lawsuit Against Binance and CEO CZ

March 28, 2023 by Eric Lee

Binance’s BNB token has posted losses in the past 24 hours after charges were filed against the company and its CEO Changpeng ‘CZ’ Zhao by Commodity Futures Trading Commission (CFTC). The exchange’s native token saw a drop of 5.5%, becoming the biggest…

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What’s Bitcoin Halving? – How BTC’s Supply is Limited

March 27, 2023 by Eric Lee

Every four years, the Bitcoin amount that is distributed to miners halves. This process is called Bitcoin halving. Here is why and how it works. Bitcoin’s Supply Limit Before discussing Bitcoin halving, let’s look at the theory behind this crypto’s supply. Bitcoin…

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First Citizens Bank Seals Deal With FDIC to Acquire Silicon Valley Bank

March 27, 2023 by Eric Lee

On Monday, US Federal Deposit Insurance Corporation (FDIC) reached an agreement with First Citizens Bank that would see the latter take on the loans and deposits of the now-collapsed Silicon Valley Bank. As per the FDIC announcement, the deal includes the acquisition…

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Canada’s ‘Crypto King’ Kidnapped, Held for $3M Ransom

March 27, 2023 by Eric Lee

Documents filed to the court earlier this month claim that Aiden Pleterski, Canada’s self-proclaimed Crypto King, was kidnapped and brutalized while being held for ransom. Pleterski, 23, is accused of operating an investment Ponzi scheme, and following the bankruptcy proceedings that started…

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Crypto Investment Products Post Over $160M in Inflows, Ending a 6-Week Negative Strike

March 27, 2023 by Eric Lee

Last week, Crypto investment products ended an outflow strike that had lasted for six weeks after recording more than $160 million in inflows, as per a report by CoinShares. These inflows are the highest since last July. Crypto-based investments have seen massive…

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What’s a Blue Chip NFT – A Complete Beginner’s Guide

March 26, 2023 by Eric Lee

Before I discuss blue chip NFTs, it is important you know what NFTs are and their use cases. NFTs (non-fungible tokens) are unique digital assets linked to physical or virtual content, representing ownership, community membership, and authenticity. In games, these assets allow…

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Stock Exchange Nasdaq Set to Roll Out Crypto Custody Service in Mid-Year

March 26, 2023 by Eric Lee

A recent Bloomberg News report shows New York-based stock exchange Nasdaq is looking to expand its product offerings by launching a crypto custody service. This service is set to launch in the second quarter. According to the report, the exchange has been…

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This Week in Coins – Investors Embrace BTC’s ‘Safe-Haven’ Status

March 26, 2023 by Eric Lee

Despite the crypto rally slowing down this week, some leading cryptocurrencies have still increased by double-digit percentages. Credit Suisse’s crisis largely triggered the upward price movement. Initially, the financial institution had requested a $54 billion loan from the Swiss National Bank to…

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Top Four Wallets For Staking Cryptocurrencies

March 25, 2023 by Eric Lee

Crypto staking has become popular among crypto investors as it provides a way to earn passive income. What is Staking? Staking is a process that involves an investor locking a certain amount of tokens on a blockchain that employs the proof-of-stake…

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ARK Invest Buys the Dip on Coinbase Shares a Few Days After Dumping

March 25, 2023 by Eric Lee

Tech-focused investment company ARK Invest purchased Coinbase shares (COIN) worth about $18 million hours after the Securities and Exchange Commission (SEC) served the exchange with a Wells Notice for reportedly violating securities laws. The investment firm has also had its fair share…

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Venezuela Regulator Closes Down Some Mining Farms and Crypto Exchanges

March 25, 2023 by Eric Lee

Since Venezuela President Nicolas Maduro ordered the arrest of Joselit Ramirez and the restructuring of the nation’s crypto regulatory agency, the crypto industry in that country has appeared to be suffering. A day ago, the new leadership of the Superintendent of Crypto…

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Fallen Swerve Finance Encounters a $1.3M Governance Attack

March 25, 2023 by Eric Lee

DeFi project Swerve Finance is under governance attack, with the involved exploiter looking to steal over $1.3 million in various stablecoins. But what’s a governance attack? This type of attack involves a hacker taking control of adequate voting power to pass proposals…

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What is Dogecoin? – A Complete Beginner’s Guide

March 24, 2023 by Eric Lee

Dogecoin is a crypto that derives its name from an internet meme called “doge.” The coin has come a long way since its inception in 2013. It briefly hit a market valuation of $88.1 billion in May 2021 after recording a substantial…

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Montenegro’s Minister of Interior Reports Do Kwon’s Arrest in the Country

March 24, 2023 by Eric Lee

According to Montenegro’s Ministry of Interior, Terraform Labs co-founder Do Kwon was arrested yesterday at an airport in the country’s capital city of Podgorica. The agency’s head Filip Adzic stated that the Montenegrin police were holding a south Korean citizen in detention….

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Latest Report shows the Shell Company OneCoin Used to Launder Money Got Registered in Roma Neighborhood

March 24, 2023 by Eric Lee

On Tuesday, former OneCoin director of legal and compliance Irina Dilkinska was handed over to US authorities by the Bulgarian government. OneCoin was a crypto Ponzi scheme that left investors counting combined losses of $4.9 billion. Dilkinska is believed to have created…

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Daily Crypto Market Update – BTC Bulls Defend $27,600

March 24, 2023 by Eric Lee

The total crypto market capitalization has increased by 0.8% to $1.17 trillion, following net inflows of $9.79 billion in the past 24 hours. During this period, the top ten crypto assets by market cap posted mixed results, with Dogecoin and Cardano being…

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Name	Price	24H (%)
Bitcoin (BTC)	$64,637.00	3.33%
Ethereum (ETH)	$1,879.91	5.38%
Tether (USDT)	$1.00	0.04%
BNB (BNB)	$576.54	1.27%
XRP (XRP)	$1.11	3.76%
Chainlink (LINK)	$8.36	5.66%
Cardano (ADA)	$0.164085	3.58%
Litecoin (LTC)	$45.75	4.83%
Uniswap (UNI)	$3.60	-0.27%
Polkadot (DOT)	$0.85	0.65%

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Author: Eric Lee

Daily Crypto Market Update – Bitcoin Breaks $28k Once Again

What are ERC-20 Tokens, ETH and Gas? – Ethereum’s Architecture Explained

dYdX Announces Launch Date For Migration to Cosmos

“Flatcoin” Developers Respond to Coinbase’s Call to Build on Base Network

BNB Falls 5% Following CFTC Lawsuit Against Binance and CEO CZ

What’s Bitcoin Halving? – How BTC’s Supply is Limited

First Citizens Bank Seals Deal With FDIC to Acquire Silicon Valley Bank

Canada’s ‘Crypto King’ Kidnapped, Held for $3M Ransom

Crypto Investment Products Post Over $160M in Inflows, Ending a 6-Week Negative Strike

What’s a Blue Chip NFT – A Complete Beginner’s Guide

Stock Exchange Nasdaq Set to Roll Out Crypto Custody Service in Mid-Year

This Week in Coins – Investors Embrace BTC’s ‘Safe-Haven’ Status

Top Four Wallets For Staking Cryptocurrencies

ARK Invest Buys the Dip on Coinbase Shares a Few Days After Dumping

Venezuela Regulator Closes Down Some Mining Farms and Crypto Exchanges

Fallen Swerve Finance Encounters a $1.3M Governance Attack

What is Dogecoin? – A Complete Beginner’s Guide

Montenegro’s Minister of Interior Reports Do Kwon’s Arrest in the Country

Latest Report shows the Shell Company OneCoin Used to Launder Money Got Registered in Roma Neighborhood

Daily Crypto Market Update – BTC Bulls Defend $27,600