Decentralized Finance (Defi) seems to be the next big thing in the crypto space. This is evident from various Defi tokens like LINK, LEND, SNX which are making waves amid other cryptocurrencies. Within the past few weeks, we have seen remarkable market traction in various Defi tokens and attention has now shifted to the future...Read More
Mark Cuban, American television personality and entrepreneur, still remains unimpressed by the current Bitcoin rally. In a recent interview, the billionaire entrepreneur believed that a banana had more utility than the cryptocurrency. He said: BTC is what it is, something that enough people have agreed upon is an investable asset. A banana has more utility,...Read More
Bitcoin’s price has been on a steady uptrend; while most altcoins benefited greatly from this bullish momentum, there have been a few exceptions to the rule, and these coins seem to be stuck in a consolidation phase. Litecoin [LTC] Source: LTC/USD, TradingView Litecoin’s price has risen by close to 23 percent in the past 24-hours....Read More
Bitcoin’s price managed to go past quite a few significant price levels in the past 24-hours and is now trading at $22,800. This bullishness translated well for many of the market’s altcoins, with the likes of Binance Coin, Dash, and Tezos all registering uptrends. Binance Coin [BNB] Source: BNB/USD, TradingView Binance Coin currently occupies the...Read More
During this summer, reports surfaced stating that Coinbase had initiated plans for a stock market listing. Meaning, Coinbase could possibly be going public with its own IPO. However, for this to occur, the listing would need US Securities and Exchange Commission’s (SEC) approval. Reuters had reported that Coinbase could pursue the listing early next year,...Read More
NiceHash announced completion of its repayment program after almost three years. The firm repaid 4,640 Bitcoins to its users who were targeted in the 2017 hack. The firm had expected to complete reimbursement sooner; however, poor crypto markets made it difficult for the company to do so. The repayment now coincided with the current Bitcoin...Read More
Bitcoin has been in the news lately as prices breached the $23,000-mark, a major psychological level. Coinbase CEO Brian Armstrong shared a message today about “crypto market rallies.” While the CEO lauded the current rally and how news organizations covered the Bitcoin price surge, he believed that crypto was “a game-changing innovation.” Armstrong urged customers...Read More
With bitcoin marching to new all-time highs and dragging most alternative coins higher as well, the assets under management for the leading crypto manager Grayscale jumped to nearly $14 billion. This is a 7-fold increase for the company whose managing director categorized 2020 as the “coming of age story for the asset class.” Bitcoin Breaking...Read More
Link’s 679% YTD return overshadows both Atom and BAT’s meager returns of 28% and 20% respectively. This is despite Link’s surge to $20 per coin and then a massive collapse to $7.2. Chainlink [LINK] Source: LINKUSD TradingView Chainlink seems to be surging alongside bitcoin at the moment. The coin has seen a 13% hike in...Read More
Trading app Robinhood has agreed to pay $65 million to settle charges from United States Securities Exchange Commission (SEC). The Federal agency accused the firm of “misleading customers” about its “revenue sources” between 2015 and 2018. The charge stated: Material misrepresentations and omissions by Robinhood relating to its revenue sources, specifically its receipt of payments...Read More
Some of Bitcoin’s narratives have become extremely popular over the past few months. Store of value, Digital Gold, etc. are some of them but recently, its characteristics as a hedge against inflation have taken new precedence. However, people fail to understand why Bitcoin has clarity in terms of inflation and the U.S dollar does not....Read More
Social Media platforms, despite being a tale of the modern society, remain largely antiquated. While we browse through different profiles on our phones, we oftentimes forget that it’s one single entity behind the curtains. One central organization that can pull the plug and control the entire thing. It is here where the promise of blockchain-based...Read More
Altcoins, including Polkadot, seem to be doing well and the reason for this is bitcoin’s new ATH. While at the moment DOT’s price may be benefiting from bitcoin’s surge, however, if bitcoin crashes, DOT’s dip may be more serious than that of BTC. Hence, it is advised to take profits and not try to catch...Read More
Bitcoin’s price has broken past old barriers and registered a new all-time high on 17 December 2020 at $23,777. However, this peak was short-lived as the shorts began liquidating in the market. Within minutes, Bitcoin’s trading price fell to $22,674 and is trading around a similar price level at press time. The 5-minute BTC chart...Read More
DeFi protocol Uniswap recently announced the integration of Sybil, a new governance tool for discovering delegation. 👥 Introducing https://t.co/I5jCdJiwtB, a governance tool for discovering Uniswap and Compound delegates! 📜 Sybil maps on-chain addresses to digital identities, while avoiding on-chain transactions and user signups 🦄 Verify and discover delegates now!https://t.co/3W13fTCZTN pic.twitter.com/ipH5K2O3Jg — Uniswap Protocol 🦄 (@UniswapProtocol)...Read More
The US multinational financial service corporation American Express has invested in the cryptocurrency trading venue FalconX through its venture arm. Thus, AmEx has doubled-down on its digital asset endeavors after piloting a blockchain-based rewards program. AmEx Invests In Crypto Exchange Aimed At Institutions The US-based cryptocurrency exchange announced the investment from American Express Ventures in...Read More
Ripple partnered with MoneyGram, one of the world’s biggest remittance and payment companies in the United States in June 2019. Since then, the two parties have managed to report tremendous growth due to the partnership, and Alex Holmes, the chairman, and CEO of MoneyGram International [MGI] highlighted a few aspects of this growth in a...Read More
Bitcoin remains the most controversial and widely speculated cryptocurrency today. Although the popular cryptocurrency might not have been the first cryptocurrency to be created, as many suppose, its authority among its peers makes it stand out as a pace-setter and a possible global financial market entity. Do you “hodl” bitcoins or are you trying to...Read More
The large bitcoin institutional investments keep emerging frequently, and the latest one has come from the US-based hedge fund One River Asset Management. After establishing a new company oriented in digital asset investments, the fund has purchased $600 million in BTC and plans to add ETH and expand its holdings to $1 billion in the...Read More
The Bitcoin market reached an all-time high as it went past the $22k price level and due to Bitcoin’s high correlation with altcoins, most major alts such as XRP, Monero, and Dogecoin saw a strong surge in their respective trading price. XRP Source: XRP/USD on TradingView The XRP market had noted high volatility towards the...Read More
[Featured Content] Arguably one of the best use cases for Bitcoin as the leading cryptocurrency is a store of value. In other words – an asset that doesn’t depreciate in value over time but rather does the opposite. This is a heavily debated topic in the past couple of years, and it became especially pressing...Read More
Crypto Wallet company, MathWallet just closed a $12 million Series B round of funding led by Binance Labs, the venture capital and incubator of Binance. The investment round is expected to strengthen MathWallet’s future innovation in DeFi and the blockchain space. This is also a part of Binance Labs’ ongoing initiative to promote DeFi, to...Read More
Bitcoin breached its all-time-high earlier today, crossing $22,000 briefly, before dipping back down to levels around $21,800. It has now crossed $22,000 once more and was trading at $22,091 at the time of writing. Source: BTC/USD, TradingView The level of optimism around the world’s largest cryptocurrency was exceedingly high, as many in the crypto community...Read More
The attacker that drained over $8 million in NXM from the founder of Nexus Mutual had requested $2.8 million in ETH to stop disposing of the funds. As such, it seems that he has rejected the bounty offer from Hugh Karp of $300,000. What Happened With The Funds Of The Hack? CryptoPotato reported earlier this...Read More
With Bitcoin clocking $21,000 for the first time in history, one Wall Street investor is saying the top-ranked crypto by market capitalization should be worth a lot more. Bitcoin at $400,000, Says Guggenheim’s CIO In a phone interview with Bloomberg TV on Wednesday (Dec. 15), Scott Minerd, chief investment officer at Guggenheim, said Bitcoin should...Read More
