August 9, 2020

DeFi has more than just yield farming to thank for the recent surge

DeFi ecosystem has come a long way over the past few months. From a Total Value Locked (TVL) figure of $539.8 million right after the market crash in March, it has recovered extraordinarily well. At the time of writing, the same figures had risen to as high as $4.58 billion. Leaving ETH behind Interestingly, while...
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Bitcoin Worth Over $300,000 Recovered From an Old Zip File: Here’s How

Last week in the DEFCONConference, CTO of blockchain software development firm, Pyrofex, Michael Stay, recounted how he helped recover private keys for Bitcoins worth more than $300,000. The keys were locked away in a zip file, and Stay was entrusted with the job to break in and retrieve them. $100,000 For Recovering $300,000 Worth of...
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Cardano short/medium-term price analysis: August 09

Trading at $0.145, Cardano is still the eighth largest cryptocurrency in the world, boasting a market cap of $3.66 billion. On a higher time frame, the coin has seen a surge of about 900% from March to July 2020. While this, in itself, is a staggering surge, ADA will be faced with another challenge soon....
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Will Bitcoin be the go-to asset during the incoming stagflation?

Bitcoin has been termed as many things, an uncorrelated asset, diversification for portfolios, a bubble, etc. However, with the Coronavirus pandemic still affecting world markets, the narrative has evolved yet again. The sudden halt of supply chains and industries has caused irreparable damage to the economy of most countries. In India, Reserve Bank of India...
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From a Renowned DJ to One of the Most Influential Crypto Traders: Meet The Wolf of All Streets Scott Melker

Known in the cryptocurrency field as The Wolf of All Streets, Scott Melker is arguably one of the most influential personalities in the community in recent years. With more than 110,000 followers on Twitter, Melker gives out helpful market analysis to both novice and experienced crypto traders and is known for his friendly and easy-going...
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Litecoin short-term price analysis: 09 August

Litecoin seems to be on the receiving end of the altcoin onslaught. In the past two months, Litecoin has been pushed down in the top-10 coins in the market by two individually surging contemporaries, Cardano back in July and Chainlink now. Digital silver now occupies the 9th spot with a market capitalization of $3.79 billion,...
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Bitcoin: What to expect during institutional ‘land grab’ phase?

The last few weeks have been good for Bitcoin, and by extension, the cryptocurrency space. Sure, the world’s largest cryptocurrency finally surged on the charts to give much-needed relief to its investors, but that wasn’t all. With every passing day, cryptocurrencies are being legitimized as an “asset class,” and mainstream institutions are finally playing a...
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Bitcoin’s price surge has depleted long-term hodlings

A week ago, Bitcoin dropped by 8 percent in an hour, minutes after it surged over $12,000 for the first time in 14 months. On August 2, between 0400 to 0500 UTC dropped from $12,000 to under $11,000 and considering the history of the cryptocurrency markets, this bleeding was pegged to continue. Quite surprisingly, not...
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Uniswap Listing of ERC-20 Version of Meter’s MTRG Token Scheduled on August 9

[Press Release – Please Read Disclaimer Below] Meter is DeFi infrastructure that makes use of two types of tokens – MTR, a Proof-of-Work-based, truly decentralized stable currency, and a Proof-of-Stake-based governance token called MTRG. In order to expand the decentralized ecosystem and transfer value, Meter has decided to create a bridge with the Ethereum ecosystem...
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Bitcoin short-term price analysis: 09 August

Bitcoin is currently trading at $11,700 and has a market cap of $216 billion. The coin’s surge has been undone in the last 24 hours; however, with the way bitcoin is set up, the price might shatter the $12,000 level or head lower. With price stagnating near $12,000, a lot of people might FOMO-in if...
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Tezos Explodes To 6-Month High: Is $4 Upcoming? XTZ Price Analysis

After huge moves from its “friends” from the top 10 list by market cap, namely Cardano and Link, Tezos finally saw an impressive 10% price surge over the past 24 hours of trading, as the coin reached $3.6 as the current daily high. The cryptocurrency had bounced from the significant support at $3.00 earlier this...
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Ethereum Classic, Dogecoin, XRP Price Analysis: 09 August

Bitcoin, and by extension, the larger crypto-market, have both done well over the last few weeks. Not only did the world’s largest cryptocurrency allay concerns associated with its price performance, but for the first time since March, BTC was also able to sustain a position above its previous psychological resistance of $10,000. At the time...
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Introducing Godex.io: Exchange Service from Experienced Crypto Players

[PRESS RELEASE – Please See Disclaimer Below] Taking in attention the nature of the crypto market, Godex.io rejected the idea of collecting and keeping the clients’ personal information. In this way, the service pays respect to information subject to financial secrecy. Moreover, this policy decreases the risks related to hacker attacks and information leak: no...
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Buy The Dip In Bitcoin: Is It The Best Trading Strategy For Bull Runs?

‘Buy the dip’ is a popular strategy among traders and investors and especially within the cryptocurrency field, especially for Bitcoin trading. As Bitcoin approaches what seems like a begging of another bull-run, and based on the past real bull-run of 2017, buying dips might be a very wise and profitable strategy for trading the current...
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Bitcoin Cash, Chainlink, Tezos Price Analysis: 09 August

While Bitcoin’s surge and consolidation over $11,000 grabbed the mainstream headlines, in the crypto world, all attention is on Chainlink. The altcoin surged into the top-10 with a massive 20 percent gain in the past 24-hours now occupying the sixth spot behind Bitcoin Cash, with a market capitalization difference of $1.2 billion at press time. ...
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Major Korean Bank to Offer Cryptocurrency Custody Services

The large South Korean bank KB Kookmin Bank plans to launch a cryptocurrency custodial service for its clients. The new feature will be available after a partnership with the blockchain venture fund Hashed, the digital asset trading platform Cumberland Korea, and the smart contract security audit firm – Haechi Labs. Crypto Custody For KB Kookmin...
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Cardano, Tezos, and other alts emerge as investors’ choice in July

Cryptocurrencies have had a conflicting Q2 and a dormant beginning to Q3. As the price of Bitcoin [BTC] moved sideways, most of major cryptos followed its lead due to their high correlation with BTC. However, there were various alts in the market that have been successful in grabbing more attention than Bitcoin and Ethereum. As...
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Chainlink (LINK) Skyrockets 60% In 5 Days To New ATH: Bitcoin Remains Stable At $11,700 (Market Watch)

As of the middle of the weekend, Bitcoin continues to fluctuate in a range from $11,400 to $11,800, while most altcoins are trading in green. Yet, Chainlink has attracted another wave of serious interest after an eventful 24 hours and a fresh all-time high painted. Bitcoin and Altcoins In The Green After a sudden dip...
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Bitcoin (BTC) $ 98,136.29 4.60%
Ethereum (ETH) $ 3,245.29 4.70%
Tether (USDT) $ 1.00 0.10%
Solana (SOL) $ 244.32 2.59%
BNB (BNB) $ 617.27 0.74%
XRP (XRP) $ 1.12 1.89%
Dogecoin (DOGE) $ 0.388298 0.05%
USDC (USDC) $ 1.00 0.01%
Lido Staked Ether (STETH) $ 3,255.76 5.13%
Cardano (ADA) $ 0.796049 4.19%