Axie Infinity, a virtual world online game that runs on a blockchain, has emerged as a glimpse of what the future will bring in relation to gaming economies. The AXS token is ERC20 compliant and can also serve as a non-fungible token (NFT) for the purpose of trading the cute…
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99Crypto
DeFi Shines Amid China's Ban on Crypto
A Regulatory Crackdown in China Has a Global Impact For years now, Chinese regulators have been threatening to shut down crypto. This week, however, they truly did issue a huge crackdown, banning Chinese people from mining or trading cryptocurrency. For many, it was a shock to the system. After all,…
Bitcoin Traders Are Trying to Push the Token Above $41K
The final days of September have not been kind to Bitcoin investors. We have seen Chinese regulators doing their best to prohibit Bitcoin transactions across the country, and the regulatory climate in the United States does not inspire confidence for the near future. There was also the disorderly launch of…
TRAC Token On The Rise Even as Bitcoin Loses Ground
Volatility continues to be implied in the cryptocurrency markets, particularly with regard to major tokens such as Bitcoin. Analysts have been relishing news from El Salvador, the first country to declare Bitcoin as legal tender, where some public sector salaries are being paid to a digital wallet named Chivo. This…
Reflecting on Ron Kaplan's Dallas Federal Reserve Tenure
The president of the Federal Reserve Bank of Dallas will vacate his post after six years on the job, and this announcement is being widely discussed around cryptocurrency trading circles. Ron Kaplan was one of the strongest advocates for the United States Treasury and the Fed to adopt a policy…
Incentive Programs and Cross-Chain Transfers Lead to Higher Token Values
Tokens based on both L1 and L2 got more valuable during the month of September. The overall value locked into related DeFi platforms also went up. All of this happened due primarily to two factors. First, there were incentive programs worth millions of dollars. Second, cross-chain transfers were quite easy.…