Software and EOS developer Block.one announced the news of Google Cloud joining the community via a blog post published earlier today, on Oct. 6. According to the announcement, apart from joining the network, Google Cloud is also aiming to become a BP on the chain. The decision to allow Google Cloud to become a BP...Read More
A mixed start to the day was seen in the altcoin market with a spike in selling pressure observed in most digital assets in the afternoon session followed by some good gains. Tezos was seen consolidating in a symmetrical triangle pattern in the daily chart. While XRP and Algorand both were seen rising to their...Read More
Contour, the trade finance enterprise based on blockchain, has officially launched. The digital platform is set to deliver a global network and services for trading finance over a distributed ledger, uniting buyers, suppliers, and banks on its platform. Contour Goes Live Singapore-based Contour has officially announced its step forward, launching its trading network based on...Read More
As we enter the fourth quarter, Bitcoin after its price dump seems to be consolidating around the $10,700 level. With this, Ethereum too seemed to gain some momentum, as it pushed higher towards its resistance level. However, both BitTorrent and Maker seemed to make a descending triangle formation, hinting toward a bearish scenario in the...Read More
The cryptocurrency market has come under a lot of pressure from regulators around the world. At the beginning of the final quarter, America’s Commodity Futures Trading Commission [CFTC] and federal prosecutors charged one of the largest Bitcoin trading platform BitMEX with facilitating unregistered trading among other violation. Now, the U.K. financial regulatory body, the Financial...Read More
Bitcoin stood at $10,700 and Ethereum struggled to climb past the $355 level. The market as a whole had a bearish outlook, although many assets showed short-term bullishness. Crypto.com Coin was bearish in both the short and medium-term, while IOTA formed a bullish continuation pattern that could take some more time to play out. VeChain...Read More
Yearn Finance has become the hottest thing in DeFi over the past couple of months when it introduced high yielding liquidity vaults boasting three-figure annual returns. Since then, liquidity has fallen back, and collateral has been shifted to better yielding pools resulting in a slump in earnings. According to Defipulse.com, Yearn liquidity has fallen 26%...Read More
Bitcoin is once again testing the $10,700 level of resistance after witnessing a 0.8% drop in the afternoon session. However, with an overall upward trend maintained another price surge could be expected. Dash maintained a neutral view, as consolidation possibilities became clearer from its technical indicators that may hold true for the next few days. ...Read More
2020 has been a good year for Ethereum: Its price increased month after month, and its technological security is at a new peak now that its total hash rate is at ATH levels. The Ethereum hash rate is above 250 Terahashes per second for the first time in the blockchain history. This new record comes...Read More
The DeFi space continues to expand as the total value locked in protocols has recently almost hit $11 billion. More interestingly, BTC value locked in DeFi is also on the rise as there are currently around 141,000 bitcoins locked in various lending protocols. RSK’s infrastructure framework (RIF) has recently integrated Maker’s DAI stablecoin into its...Read More
Steady gains by Bitcoin in the past few days did not have a positive impact on some major altcoin charts, while some others rose alongside BTC. Chainlink was in a period of consolidation over the past couple of days. This was likely to be a brief calm before another wave of selling pressure. Cosmos broke...Read More
Bitcoin was unable to close above $10,800 in what could be a worrying sign for bulls in the near term. Bitcoin SV dropped out of the brief ascending channel formed recently and could see further losses. Dogecoin was perched on a level of support that might not hold much longer. Tron slipped beneath and retested...Read More
A recent report indicated that approximately 20 Israeli cryptocurrency executives were extorted after a hack and identity theft in a coordinated cyberattack at the start of September. The country’s intelligence agency Mossad and the internal security service Shin Bet were involved with the investigation. 20 Israeli Crypto Execs Hacked According to the report, the coordinated...Read More
The $3 Trillion Hedge Fund industry is likely to suffer more blow-ups than the 2008 financial crisis in the next few quarters. In the midst of the pandemic, hedge funds lost 7-8% in a month in March 2020. This drop left the 2008 crisis behind. The resulting dynamics have affected Bitcoin’s price and traders’ portfolios....Read More
Coinbase Around the Block sheds light on key issues in the crypto space. In this edition, Justin Mart explores the dawn of DeFi protocol wars as well as other notable news in the space. To participate in the emerging cryptoeconomy, sign up for Coinbase today. A war is brewing on the blockchain Blockchain-based applications are...Read More
Litecoin has been trending upward for a couple of weeks, but the asset would need a few more trading sessions to show if it could continue the trend or if there was an imminent reversal. Zcash showed bullishness and buyers were dominant in the market. Synthetix was bearish after the failure to defend a level...Read More
[Featured content] Cryptocurrency trading is quickly catching up to speed. This year has been nothing but tumultuous for the markets, both legacy and crypto. 2020 started great as all major indices were climbing in an upwards direction – slowly, but steadily. The same can be said about the crypto market. In fact, Bitcoin had an...Read More
Polkadot has released a fully detailed explanation of its new IPO (Initial Parachain Offering) model and how it’s going to work. This is the first time the project has gone in-depth about the process, and it’s also the first time they are officially discussing it as teams are preparing for the launch. In an official...Read More
When it comes to the DeFi ecosystem at large, there seems to be a lot of eagerness with regard to the growth of Bitcoin’s DeFi space and on those lines, another startup has taken up the expansion of BTC-backed DeFi products. RSK Infrastructure Framework (RIF), a Bitcoin-powered smart contract platform will make MakerDAO’s ERC-20 DAI...Read More
The wife of the famous tech entrepreneur John McAfee weighed in on the most recent events, thanking and calling for the community’s support. John McAfee’s Arrest: Injustice Those who have been following McAfee on social media for the past few years know that he has been particularly vocal about intentionally not paying taxes. As CryptoPotato...Read More
The recent losses were the aftermath of the US commodities and Futures Trading Commission [CFTC] coming down hard of BitMEX along with the expiry of futures contracts in the stock market. While Bitcoin was the only major currency to face the brunt of the news directly, altcoins soon followed given the correlation factor. However, as...Read More
As the last quarter of the year progresses, the cryptocurrencies have been noting a brief recovery on the charts. Although in the case of most cryptos, the price was still faltering, a few others were witnessing strong gains currently. Major cryptocurrency like Cardano [ADA] noted a good price swing, whereas, Basic Attention Token [BAT] has...Read More
Europol has named privacy integrated cryptocurrency mixing services as one of the most gnawing cybercrime threats of our times in the 2020 edition of its IOCTA report. Also, Monero is in the process of becoming the de-facto crypto coin for Darkweb transactions. Zcash and Dash are the next popular alternatives, the agency noted. Privacy Enhancing...Read More
A new perspective DeFi platform appeared based on the TRON blockchain in the second half of September. While creating a platform, the SharkTron developers were guided by the ideological values of Satoshi Nakamoto, simultaneously making decentralization and accessibility to every user a top priority. SharkTron combines the most relevant topics which are concerning society: decentralization,...Read More
More than 10 years have passed since the launch of the first cryptocurrency. But for the world of digital assets, this period of time is nothing: there are already more than 7 thousand tokens on the market, and their number is constantly growing. Many of them quickly lose their chances of success, while others make...Read More
[Press Release] Already hailed as the future of gaming, art and even real-world assets, blockchain innovators are continuously finding new ways to utilize NFTs (non-fungible tokens). Showcase, a digital collectible merchandise platform building on leading Ethereum Layer 2 scaling solution Matic Network, has recently joined forces with The Giving Block to enable unique donation campaigns...Read More
The United Kingdom Financial Conduct Authority plans to ban cryptocurrency derivatives and exchange-traded notes (ETNs) to retail customers from January 6th, 2021. The FCA statement described such products as “ill-suited for retail customers due to the harm they pose.” The regulator outlined that retail customers are unable to determine a reliable value because of several...Read More
Bitcoin advanced from $10,650 to $10,800 and was trading at press time at $10,765. The steady gains made by Bitcoin suggested a shift in sentiment toward the bullish side. Source: CoinStats The Crypto Fear and Greed Index showed a value of 47, a rise from the previous day’s 42. Binance Coin showed a bearish divergence...Read More
The world’s first cryptocurrency, Bitcoin, could have a $100,000 price tag 5 years from now, Bloomberg senior commodity strategist, Mike McGlone said. BTC has an illustrious history of adding more zeros to its value since 2011. This trend could continue well into the future. Also, the first cryptocurrency could attain a $14,000 price by the...Read More
In a surprise AMA, Charles Hoskinson answered viewers’ questions on a Livestream, talking mostly about the developments of Cardano and its progress over the past few months. One answer in particular, however, generated a lot of excitement from viewers. In a response to a question about how easy it is to convince projects to move...Read More
