The leading American exchange Coinbase announced today a renewal of its board of directors, incorporating two prominent experts from the technology industry. In an official announcement posted on Coinbase’s blog, Brian Armstrong, the company’s CEO and co-founder explained that they had made two significant replacements to their board of directors. The Hello’s First on the...Read More
Canaan Inc, a leading Chinese Bitcoin mining hardware manufacturer published its unaudited second quarter (2020) financial results. As per the report, the company’s gross profit increased year over year and quarter over quarter, but Canaan still suffered a net loss. However, the firm’s gross margin expanded significantly last year as well as in the first...Read More
The security of Monero (XMR) users could soon be at risk after cryptocurrency intelligence firm CipherTrace announced the creation of tools that enable law enforcement to track transactions on the privacy-oriented blockchain. CipherTrace Claims Ability to Track XMR Transactions According to a press release from Aug 31, CipherTrace collaborated with the US Department of Home...Read More
Institutional investors and their interest in Bitcoin Futures are driving growth on derivatives exchanges like the CME and Bakkt. In fact, just recently, Bakkt Bitcoin Futures volume hit a new high of $167M, while the CME clocked in a volume upwards of $930M on the same day, the 25th of August. Source: Skew Source: Skew...Read More
Daemon Technologies, a firm based in Hong Kong, will now drive the adoption of Stacks technology to support cryptocurrency mining communities in Asia according to its launch tweet. Excited to announce my next chapter in the @blockstack and #stacks ecosystem! https://t.co/JRdZPeDwhi — Xan Ditkoff (@XanDitkoff) August 31, 2020 The firm stated that Asian mining communities were...Read More
IOV Labs has announced the integration of RIF Gateways & Chainlink’s decentralized blockchain oracles into its ecosystem, thus enabling developers to access critical price feeds and data resources generated outside the blockchain network. Decentralized Oracles on Top of Bitcoin’s Network The firm’s smart contract platform, the RSK Network, is designed to leverage Bitcoin’s hash power...Read More
For the longest time, trust has always been missing from the digital asset industry. 2017’s ICO boom, during which innumerable altcoins and shitcoins were shilled, did little to reverse this sentiment in the minds of many. In fact, now, there is a common consensus that suggests that the industry has put the crypto-demons of 2017...Read More
XRP recorded a huge spike in buying interest recently, with the price noting significant gains over the same period. However, there are still important resistance zones for XRP to conquer before it can look above $0.45, a level it has traded under for over a year now. Further down the cryptocurrency ladder, Ontology was trading...Read More
Like Bitcoin, Ethereum didn’t show a lot of strength among buyers or bulls, at the time of writing. In fact, ETH’s price looked toppy. After tapping the $420 level 6-7 times in less than two weeks, ETH might go under it once again. On the daily time frame, ETH’s price was showing signs of what...Read More
Yes, Tron’s Justin Sun just named a meme coin after himself CEO of Tron Foundation, Justin Sun announced the launch of $SUN, Tron Network’s first meme coin that will be mined to fund Sun Genesis Mining, a community-driven decentralized (DeFi) potential of TRON that runs on open-source smart contracts. (1/5) I am glad to announce...Read More
Darwin’s theory of natural selection, and by extension, the idiom “Survival of the fittest,” is incredibly apt when it comes to describing the digital asset industry. For long, Bitcoin was considered to be the only ‘fit’ candidate in the crypto-ecosystem. Over the years, however, Ethereum has managed to carve out its own position of strength...Read More
An anonymous Bitcoin investor by the name “1400BitcoinStolen” claimed on Sunday that he lost 1400 BTC after “foolishly” installing an old version of the popular Electrum wallet, but turned out to be a phishing scam. A Trap Explaining the unfortunate incident, the victim said he had not been able to access the funds since 2017....Read More
The cryptocurrency portfolio manager and exchange, Coinbase has announced that Marc Andreessen, co-founder and operating partner at Andreessen Horowitz, one of the world’s leading venture capital firms has joined the Coinbase Board. Marc is followed by Gokul Rajaram, an executive at DoorDash who along with Andreessen will be Coinbase’s new Board members. We’re excited to...Read More
Cardano and Decred were noting bearishness in the near-term. A case for Cardano being able to reverse its downtrend can be made if it were to reclaim the significant resistance level it recently lost. At the time of writing, NEM was registering a retracement after its most recent surge. Decred could be headed further south...Read More
Ethereum surged by a substantial 10% surge over the weekend as it hit a high of $440 today. The cryptocurrency broke above the previously highlighted pitchfork on the 4-hour chart. Additionally, Ethereum penetrated above a falling price channel against Bitcoin over the weekend. ETH/USD – Bulls Re-Test 2020 Highs Key Support Levels: $420, $408, $400.Key...Read More
Off-late, Bitcoin has been moving sideways on the charts and hasn’t exactly been the center of attraction either. Today, DeFi, yield farming, and liquidity pools are the hype. While DeFi has temporarily stolen the spotlight, altcoins seem to be enjoying Bitcoin’s respite. One thing to note here is that despite Bitcoin’s almost-dormant price action, the...Read More
CoinMarketCap Chief Executive Officer Carylyne Chan and Vice President Spencer Yang have departed from the leading cryptocurrency price tracking company. In an open letter on her blog, Chan bid adieu to CoinMarketCap community after working with them for 2.5 years. Chan hinted that she could soon begin a new venture of her own as she...Read More
TRON dApp developers have just acquired new capabilities after TRON announced a partnership with Band Protocol. The deal means that third-party devs will be able to utilize Band’s oracle solution to obtain tamper-proof price feeds and other external data sources. Reliable oracles are regarded as one of the most critical capabilities for a blockchain to...Read More
YFI has undoubtedly been the best performing cryptocurrency of the past month in terms of pricing. The governance token of Yearn Finance was announced on July 17th by Andre Cronje and has since taken off in a way no one probably expected. What started as a “0 value” token is currently trading at around $36,000...Read More
By Brian Armstrong, CEO and Co-Founder As Coinbase continues on its path to growing the cryptoeconomy and creating an open financial system for the world, we’ll look to leaders and experts from a range of fields to help guide us. Of primary importance is our Board of Directors. We look to our Board members and...Read More
Disclaimer: The findings of the following article should not be taken as investment advice and the same should materialize over the next 24-48 hours After a bullish return on the charts, Chainlink seemed destined to reclaim a position above $18 after going past $17.50 over the last 24-hours. However, the last resistance before the $18-mark...Read More
Ethereum Classic’s price charts reflected the tumultuous time its network has been facing lately following the third 51% attack in the month of August. On the contrary, IOTA bounced strongly off its support and the direction of its movement over the next couple of weeks can dictate its long-term performance. However, Maker was unable to...Read More
Huobi Futures, the derivatives platform of the popular cryptocurrency exchange Huobi Group, will launch Bitcoin options trading starting September 1st. The company explained that more sophisticated investors are entering the digital asset market, and their BTC options release aims to meet their demand. Huobi Futures Adds BTC Options Trading Announced earlier today, the Singapore-based platform...Read More
Over the course of 2020, institutional investors have been keen on investing in Bitcoin Futures on regulated markets. A popular choice among institutions has been the derivatives giant Chicago Mercantile Exchange (CME). The popularity of the same can be highlighted by the fact that Bitcoin Options volume on CME rose by 1000% in May 2020...Read More
Bitcoin was trading at $11,620, at press time, with the cryptocurrency showing signs reminiscent of the beginning of a bull run like the one in 2017. However, crypto-exchanges continue to perform woefully during times of volatility that are characteristic of the crypto-market. A surging Bitcoin could drag the value of the market’s altcoins too, most...Read More
[Featured content] Cryptocurrency trading is growing in popularity by the day. The exciting markets that oftentimes reveal tremendous volatility present serious risks, but also earning opportunities, attracting more and more people. Data from the popular cryptocurrency market monitoring resource CoinMarketCap reveals that the 24-hour trading volume is above $110 billion. As CryptoPotato recently reported, information...Read More
After the launch of short Bitcoin (SBTC) ETP on Boerse Stuttgart, Germany’s second-largest stock exchange, the crypto trading product is now available on Xetra. This is a significant breakthrough for 21 Shares, which has already tasted success with eleven other institutional-grade crypto exchange-traded products. Short Bitcoin ETP Gets Listed on Deutsche Xetra Germany is Europe’s...Read More
More than 1.1 million test Ether (ETH) tokens are now staked by validators on Ethereum 2.0’s Medalla test network. Validator participation is trending at 74 percent, which is well above the 66 percent threshold. The average staking balance of 32 ETH has been maintained by validators, who are now almost 38,000. This comes amidst the...Read More
Disclaimer: The findings of the following article attempts to analyze the emerging patterns in Bitcoin SV’s market and its impact on the price Bitcoin SV’s price has been consistently noting bearish pressure, just like the rest of the market. The crypto-asset’s recent stint below $200 felt like the last straw had been drawn, with some...Read More
As yield farmers scramble to deposit their crypto collateral in the latest and greatest thing in DeFi, volumes on the Uniswap DEX have surged to record levels. The milestone was noted by Ethereum developer and Uniswap creator, Hayden Adams. 🤯 Wow, @UniswapProtocol 24hr trading volume is higher than @coinbase for the first time ever 🦄...Read More
