Privacy-focused blockchain Beam has announced that it will be integrating Chainlink’s price feeds to help its developers build DeFi Apps. The initial integration will focus on using Chainlink oracles to maintain collateralization of Beam’s confidential stablecoin protocol, while also supporting the Beam-ERC-20 bridge for moving assets between the Ethereum and BeamX blockchains. According to Beam,...Read More
“But, we have a question to discuss. Can it [Digital Renminbi] replace Alipay, WeChat Pay, and bank cards as the main electronic payment tool?” That was the question posed to Li Lihui, former President of the Bank of China, during the 2020 Caijing Annual Meeting about CBDCs. The exec responded that at least for the...Read More
Bitcoin, the world’s largest cryptocurrency, is in the news again after American economist and popular crypto-critic Nouriel Roubini claimed that it had no intrinsic value, adding that BTC is heavily manipulated. Taking to Twitter on Thanksgiving Day, the crypto-skeptic, in fact, also went on to blame retail investor FOMO for the latest Bitcoin price drop....Read More
Over the course of the past eleven months, cryptocurrencies have emerged to become a serious asset class, one being taken note of by countries and regulatory agencies all over the world. Russia is one of them, with the country’s PM recently directing the development of the local crypto-market. The country is in the news again...Read More
Thanksgiving was an eventful day in terms of the overall market movement, as Bitcoin dropped to $16k levels, witnessing its largest single-day drop since March 12, 2020. Over $1.3 billion was liquidated from exchanges, however, amidst this selloff, DeFi saw its own share of liquidation as DAI prices on Coinbase Pro escalated rapidly, leading to...Read More
With a drop in Bitcoin’s price in the past 48-hours, most of the market’s altcoins have been facing strong corrections. At press time Bitcoin was being traded at $17,058, with a trading volume of $33 billion. Source: CoinStats For popular altcoins like XRP, Monero, Dogecoin this bearish pressure in BTC’s movement has resulted in major...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice Bitcoin Cash’s price witnessed a small surge, however, this was only a brief affair. Given the recent price activity in the Bitcoin market, its hard fork has also been witnessing a restricted price...Read More
For the most part of November, the crypto market was filled with strong bullish momentum as Bitcoin inched closer to its ATH, last seen in 2017. However, with BTC unable to sustain its position above the $19K price level and with its current drop on the charts, many of the market’s altcoins are now enduring...Read More
OKEx opened its withdrawals on 26 November, a day before the previously announced date. The exchange had offered compensation to the users who had suffered during the one-month long suspension of certain services, but that did not prevent some to jump ships. As the exchange lifted the withdrawal suspension at 08:00 UTC, nearly 2,822 Bitcoins...Read More
According to a press release received by AMBCrypto, an independent trading platform licensed under the Huobi brand, Huobi Labuan, a localized crypto-exchange for the Malaysian market, is launching with fully regulated trading services for both spot and derivatives markets. The launch of such trading services comes shortly after Huobi Labuan received a digital asset trading...Read More
Big tech and stablecoins could disrupt the European financial system, says ECB Executive Board Member, Fabio Panetta. In a speech at the “Future of Payments in Europe” conference, Panetta stated, “While they could offer convenient and efficient payment solutions, they risk endangering competition, privacy, financial stability and even monetary sovereignty.” He also went on to...Read More
Bitcoin is now trading at $17275, down from $19300, 3 days ago. The price has dropped by 10.49% and Bitcoin longs worth $43.8 Million were liquidated in the past 24 hours on BitMEX vs $6.5 Million shorts. 3 days ago, on November 24, 2020, the situation was a contrast. There were more shorts getting liquidated...Read More
Amidst all the market movement over the past few days, and liquidations observed over exchanges, CME has now overtaken OKEx to become the largest Futures market for Bitcoin. According to data from @skewdotcom, CME is now the largest futures market for #bitcoin! Institutional investors are here🏦💰 pic.twitter.com/6GgQdrMw12 — Arcane Research (@ArcaneResearch) November 27, 2020 Data...Read More
Mining is one of the most important aspects of the cryptocurrency industry since miners guarantee the immutability of a blockchain network by offering their hash power. However, the industry has been faced with challenges in recent years since the massive popularity of Bitcoin and crypto-assets. The early days of mining witnessed the production of energy-consuming...Read More
Users withdrew a record 29,300 BTC from OKEx after the Malta-based cryptocurrency exchange resumed withdrawals yesterday. This comes after bitcoin (BTC) price kickstarted its epic freefall dropping to levels near $16,500 before bouncing back up again. But what is the reason behind the massive bitcoin exodus out of OKEx? OKEx Sees Significant BTC Withdrawals And...Read More
To be able to understand how much bots can influence the price of cryptocurrencies, we first need to understand what trading bots are. While financial markets long relied on discretionary trading in the past, technological advancements allowed for the development of automated trading systems – trading bots and other algorithmic solutions – over the last...Read More
With bitcoin approaching all-time highs followed by the “Thanksgiving slump” sell-off, it’s been an extremely active week for crypto trading, so we wanted to share a short update on the underlying reasons why our platform performed well over this period. Over the past 12 months, an incredible amount of work has been delivered in the...Read More
After going back and forth with its digital currency, Facebook has announced the launch of its cryptocurrency, Libra by January 2021. According to reports, three unidentified people involved in the project have disclosed this information and noted that it will launch a single digital coin backed by the dollar. The Geneva-based Libra Association will issue...Read More
Major crypto exchange, Binance, announced that they will be adding DAI and removing EOS from their Peer to Peer (P2P) trading platform. In the announcement, Binance stated that all EOS advertisements should be removed by 4:00 AM on November 27 and all EOS tokens should be transferred from the P2P wallet to the spot wallet....Read More
Although Facebook failed to launch Libra in mid-2020 as initially planned, the social media giant could do so in early 2021. Finance Times cited three people working on the project claiming that Libra’s long-awaited launch could come in January 2021 but in a scaled-down version. CryptoPotato reported before that Libra already changed its original idea...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice As the value of Bitcoin faces hurdles in the market, many altcoins have also been falling on the charts. Bitcoin SV has been noting a strong devaluation and at press time, after a...Read More
