Synthetix hits one-month high as SNX rallies 25% ahead of layer 2 exchange launch

Synthetix hits one-month high as SNX rallies 25% ahead of layer 2 exchange launch

Synthetix (SNX) prices reached a one-month high on Monday as traders looked for alternative upside bets against a mixed cryptocurrency market.Bids for SNX/USD achieved an intraday high of $13.76 during the Asia-Pacific trading session, following an approximately 25% price rally that started Sunday. A flurry of technical and fundamental factors contributed to the sudden market demand for Synthetix tokens, including founder Kain Warwick’s update on the project’s much-awaited layer 2 solutions.A new synthetic exchange underwayLayer

Read more

Steem Community Stands Its Ground Amid Tron Takeover

Steem Community Stands Its Ground Amid Tron Takeover

In what seems as one of the biggest crypto dramas of 2020, community seems to have the upper hand. The scandal surrounding the Steem blockchain continues to unfold. After juggernaut exchanges Binance, Huobi and Poloniex were heavily criticized by community members for allegedly mobilizing customer deposits to take over the network, two of those firms announced they were backing off. Meanwhile, Tron CEO Justin Sun, who has recently acquired Steemit — the startup behind the…

Read more