Cryptostreet

  Billy Markus, the founder of the successful "joke cryptocurrency" Dogecoin ( DOGE ) is now only annoyed that he is asked in the social media for his opinion on new "meme coins", which is why he is now launching an all-out attack against them swings. Markus first remembers that the DOGE was originally created more than 8 years ago as a literal joke to fool other "idiotic coins". However, joke projects of this kind are no longer understood as such, because "they are made by people who want to enrich themselves by the fact that other people want to get rich", as Markus summarizes the irony from his point of view . The fun would be lost for a long time because these projects would be neither clever satire nor really funny. Rather, these coins would only be about lies, spam and attention grabbing for the purpose of personal enrichment. The Binance Smart Chain also gets its fat off , because it “only made the internet worse in every way”, by which Ma...

  The leading cryptocurrency has held its position above the $38,000 level and it could soon recover to the upside. The cryptocurrency market has performed averagely over the past few days. Despite the current turmoil due to the ongoing debacle in Russia and Ukraine, the cryptocurrency market has held its ground. The total cryptocurrency market cap remains above the $1.7 trillion mark and could soon surpass $1.8 trillion if current market momentum continues. Bitcoin and the other leading cryptocurrencies have performed averagely over the past few days. Bitcoin is trading at around $38,900 per coin at the time of writing, up less than 1% over the past 24 hours. Technical indicators show that Bitcoin has been performing well and could be on track to move higher soon. If the bulls continue to ward off any bearish advance, the leading cryptocurrency is likely to surge above the psychological $40,000 level in the hours or days to come. The 4-hour chart of BTC/USD is slowly turning bulli...

  Filecoin (FIL) is one of the top performers among the top 50 cryptocurrencies by market cap. The cryptocurrency market has seen mixed development over the past few days. Despite the current turmoil due to the ongoing debacle in Russia and Ukraine, the cryptocurrency market has held its ground. The total cryptocurrency market cap is currently above the $1.7 trillion mark and could soon surpass $1.8 trillion building on the current market dynamics. Bitcoin and the other leading cryptocurrencies have performed averagely over the past few days. BTC is trading around $38,000 per coin at the time of writing, while Ether is struggling below the $2,800 mark. FIL, the native token of the Filecoin ecosystem, is one of the top performers among the top 50 cryptocurrencies by market cap. Despite the mixed market performance, FIL has gained more than 5% in value over the past 24 hours. The main catalyst behind this rally is Filecoin's announcement this weekend that it is a sponsor of ETHernals...

  The one-week grace period that the market- leading NFT marketplace OpenSea gave its users to migrate their own non-fungible tokens (NFTs) expired on Friday. Since the actual migration was completed in the next step , the platform pointed out that some features could not be used temporarily during this time. As part of this process, OpenSea imported a new smart contract yesterday and asked users to migrate their NFT listings from the old smart contracts to the new version. This should bring a number of improvements and new functions , including so-called bulk listings and more detailed signatures. A few hours after the announcement , however, the platform reported that there were several phishing attacks that cheated crypto investors out of their NFTs. The OpenSea team then investigated the cases and asked affected users to contact customer support. The NFT platform Mintable also promised that all NFTs stolen by the phishing attacks would be returned to OpenSea. However, some of t...

Terra's LUNA token has made an extreme price jump in the last few days. This was mainly due to a capital increase of $1 billion, which a separate foundation collected for the integration of the UST token. Terra is a prime candidate to dominate the DeFi market in the future. What is Terra (LUNA)? The Terra Network is known for developing a blockchain network for financial transactions through FIAT-backed stablecoins. The stablecoins should be based on real FIAT currencies such as the USD.  With this method, Terra is particularly suitable for classic financial institutions. They want a blockchain payment network that guarantees price stability based on the value of FIAT currencies. This makes Terra a hot candidate to become highly relevant in the field of decentralized financial services. What is the current situation in the DeFi space? An important indicator of the development of decentralized financial services is the "Total Locked Value" (TLV). This was almost unchanged ...