A perfect week, one that saw the market recover to an extent, came to an abrupt halt when Bitcoin dropped by $350 over the last 24-hours. Riding high on the charts, Bitcoin, trading at a price of $10,575, soon fell down to $10,204 in a matter of just 8 hours. In fact, the aforementioned fall...Read More
The Nigeria Securities and Exchange Commission (SEC) has released a proposed cryptocurrency regulation guideline while classifying crypto assets as securities. Crypto Regulations Underway According to an official release on Monday (September 14, 2020), the Nigeria SEC announced that the commission is looking at a three-pronged approach towards regulating the crypto industry. The SEC also stated...Read More
EOS was/is a supposed competitor to Ethereum and a new place for smart contracts, DApps, etc. However, lately, it hasn’t amounted to much. Once positioned in the top-10 of CoinMarketCap’s rankings, EOS, at the time of writing, was the 12th-largest cryptocurrency in the market with a 24-hour price change of -2% and a -6.3% price...Read More
Swisscom Blockchain will begin work on a cloud-based security layer for Polkadot after it was awarded a development grant by the Web3 Foundation. The security solution will focus on providing an extra layer of security for users who stake coins on Polkadot’s Proof-of-Stake (PoS) network. Swisscom Awarded Web3 Foundation Grant The Web3 Foundation oversees the...Read More
Disclaimer: The findings of the following article should not be taken as investment advice as it is the sole opinion of the writer Many of the market’s cryptocurrencies failed to take advantage of the previous week’s period of recovery. Tezos was one of these crypto-assets, with XTZ’s movement upwards rather lackluster after the monumental drop...Read More
Bitcoin briefly spiked to $10,450 before dropping to $10,350, at the time of writing. However, short-term fluctuations might not faze investors one bit as BTC remains one of the market’s best-performing assets by a distance. Further down the cryptocurrency ladder, Tezos exhibited a falling degree of market volatility as traders and investors watched the crypto-asset...Read More
Bitcoin’s price has finally broken above the $10,580 range high and is now surging towards the psychological $11,000 mark. The increase appears to have been caused by an influx of $12 billion flooding into the crypto market during the US trading session. This uptick in investment has helped lift the entire market back into the...Read More
September hasn’t been a great month for the DeFi space. While the space isn’t unfamiliar to sharp falls in TVL in the near-term, the sheer scale of recent developments has taken many by surprise. For example, just check out DeFi Pulse’s charts for 8 September 2020. The figures for Total Value Locked dropped by over...Read More
Analyzing Bitcoin on-chain data and market behaviors, a collaborative report published by OKEx insight – the research division of OKEx crypto exchange – and blockchain data firm Catallact reveals that smart money investors and institutional players may have been buying BTC since the COVID-19 outbreak. On the Bitcoin blockchain, as the amount of BTC being...Read More
Etheruem saw a 6.3% price rise this week as it hits $375 today. The coin bounced 7% from yesterday’s low. Against Bitcoin, ETH reached as high as 0.0371 BTC during the weekend. It has since dropped to 0.0352 BTC. ETH/USD – Ethereum Bulls Attempting To Wake Up Key Support Levels: $364, $350, $336.Key Resistance Levels:...Read More
Bitcoin was trading around the $10,400-level, at the time of writing, a level that has proved crucial for it in the past. On the other hand, Cardano showed some bullish signs after a minor drop on the charts, with ADA looking to resume its climb. Further, while STEEM formed a triangle pattern that could see...Read More
Recently, Cell Protocol, a DeFi oracle project established on TRON, launches the market. Unlike other oracle projects, Cell Protocol adopts the price oracle + aggregate oracle model, which greatly guarantees the safety, accuracy, sensitiveness, and correctness of the prices, and at the same time enhances the liquidity of the deposited assets on the chain. Moreover,...Read More
With the markets going the way they are, an asset that is resolute and can withstand seismic changes would bear importance. However, in such a market, does such an asset exist? For the better part of the previous century, and even early on in the current one, long-term United States treasury bonds were thought to...Read More
Bitcoin and cryptocurrencies present numerous advantages over the traditional financial systems, including faster transactions, while paying only a fraction of the cost. The decentralized nature, meaning a lack of central authority behind them, has attracted lots of fans, investors, and users over the past decade. However, this same feature could also display some serious issues...Read More
Stellar Lumens registered a brief uptrend on the charts, before slumping. XLM, at the time of writing, needed to resume setting higher lows to inspire any bullish confidence. EOS too lacked a definite direction, exhibiting a lack of momentum over the past few days with its bearish outlook. Further down the charts, Algorand also showed...Read More
Disclaimer: The findings of the following article attempt to assess Ethereum’s price trends and the direction of it in the near-term With the DeFi bubble cooling off, the situation has started to go sideways again. The prices of Ethereum and even Bitcoin are now moving within certain ranges, a development that is good for scalping....Read More
One of the world’s leading and popular Bitcoin derivatives exchanges, BitMEX, has installed Blockstream’s Bitcoin satellite system. It’s a way to download and to verify Bitcoin’s blockchain through a satellite without having to be connected to the Internet. Apart from the fact that one of the leading exchanges is showing open support for Bitcoin, this...Read More
Bitcoin registered a drop from $10,500 to $10,350 a few hours ago, a drop that also pulled down Ethereum‘s price from $388 to $358. In fact, Ethereum might be primed for another sell-off as on-chain metrics paint a bearish picture for the cryptocurrency. That’s not all. At the time of writing, XRP lacked momentum as...Read More
Disclaimer: The findings of the following article should not be taken as investment advice as it is the sole opinion of the writer After the 1st week of September saw the entire market painted in red, the 2nd week presented a window of opportunity for many cryptocurrencies, with most working towards some form of recovery...Read More
In yet another jolt to the decentralized finance (DeFi) community, margin, and leverage-based lending and trading platform, bZx became the target of another hack. In the hack, which was much bigger than the previous attacks, hackers made away with $8 million worth of cryptocurrencies. bZx Hackers Deal 8 Times More Damage To The DeFi Protocol...Read More
Bitcoin dropped from $10,550 to $10,350 as BTC moved into exchanges to take advantage of any spikes in price. Binance Coin noted some bullishness as well as the crypto, driven by developments in its ecosystem, surged to breach its previous resistance levels. Further down the charts, Polkadot exhibited bullish signals as well. On the contrary,...Read More
[PRESS RELEASE – Please Read Disclaimer] 14th September 2020, Kuala Lumpur, MALAYSIA: One of the largest blockchain-based decentralized operating systems, TRON is a highly scalable and reliable network that has one of the most effective smart contract environments. Bridge Oracle revolutionizes the whole smart contract scenario with a solution that will make these digital contracts...Read More
After the gains registered during the weekend, most cryptocurrencies are retracing today. Bitcoin declined from its weekly top of $10,560 to $10,350, while Ethereum lost 4.5% of its value to $370. Bitcoin Rejected At $10,560 During the weekend, Bitcoin broke above the resistance at $10,500. BTC topped at $10,560 yesterday, but it couldn’t maintain its...Read More
Binance has made it no secret that it aims to dominate the world of DeFi as it has done with the crypto industry. The company is clearly angling to become the Google of crypto, launching new products and incentives on an almost weekly basis. The latest hot DeFi launch, Binance Smart Chain, is gaining traction...Read More
Decentralized Finance “lending” protocol, bZx, is not having a good year. Seven months after bZx was hit by two major hacks that saw the protocol lose over $954K, it is in the headlines again after yet another bug was exploited. This time, the losses have been as high as over $8M in user deposits or...Read More
Abstract: We have installed the Blockstream Bitcoin Satellite system, a way to download and verify Bitcoin’s blockchain via satellite, without the need for an internet connection. We were able to set up the system reasonably quickly and the satellite connection does indeed have enough bandwidth to keep the node at Bitcoin’s tip, most of the...Read More
