Author: Crypto Insider

Acala, an Ethereum-compatible DeFi protocol for scaling DApps, has secured first place in Polkadot’s parachain auctions, with over 81,000 stakeholders locking up their funds in the crowd loan. As a result, the upcoming Polkadot DeFi hub raised nearly $1.3 billion from approximately 25,000 contributors in its token ICO. The first coveted Polkadot parachain slot was…

Although the Bitcoin price dropped by nearly 20% in the last seven days, long-term Bitcoin investors, who bought at 2017 highs, have still not sold, data shows. According to the Hold Waves metric data, coins that last moved in the past six to 12 months now make up the most significant portion of the BTC…

Despite the impact of the pandemic, the survey conducted by Visa reveals that consumers in the UAE are gaining confidence in their shopping behaviors towards the local merchants, digital payments, online shopping, and cryptocurrencies. Also, 84% of UAE consumers know about cryptocurrencies, with about half of them seeing crypto as an alternative to cash. According…

Miramax is suing Quentin Tarantino over his recently announced plans to sell seven non-fungible tokens (NFTs) of the highly acclaimed film “Pulp Fiction.” Production company Miramax has sued director Quentin Tarantino over his non-fungible token or NFT collection based on Pulp Fiction. The lawsuit, filed yesterday in California court and noted online by attorney Mark…

Cryptocurrencies are replacing gold as means of protection against inflation, has recognized Goldman Sachs’s Head of Energy Research, Damian Courvalin, noting the flight of investments to the crypto market from the precious metal. Answering on whether he was observing that investors have used assets beyond gold, such as Bitcoin or other cryptocurrencies, to hedge against…

Cardano saw positive inflows for last week, which put it ahead of other altcoins, CoinShares data reveals. Total inflows for the week had come out to $151 million, and Cardano inflows totaled $16 million in the same period. The total year-to-date inflows for the market have now hit a record $9 billion. However, the previous…