Although the prominent US investor Warren Buffett has never been a fan of gold in the past, he recently made a sizeable investment in Barrick Gold Corp while reducing his exposure to his favorite sector, banks. Similiar with gold, Buffett has been bashing “the new gold,” Bitcoin, and this raises the question of whether he...Read More
After some minor fluctuations from $11,750 to nearly $12,000, Bitcoin lowered its volatility level and trading around $11,900. Is BTC getting ready to conquer $12K? We will see. At the same time, most altcoins continue to be volatile again with some massive gains from EOS, Yearn Finance (YFI), and Kava and another all-time high from...Read More
As per the latest statistics, around $8 million was paid as fees to conduct transactions on the Ethereum network. That works out to be approximately 18,300 ETH. What is driving this humongous spike in gas fees? Research shows that it is due to the booming ‘yield farming’ craze. Gas Fees Tops $8 Million Led By...Read More
With YAM Financial’s token value almost at zero, the team behind the project has proposed a two-phase migration plan that could see an audited version. Two-Step Migration Process for YAM In a Medium blog post on Friday (August 14, 2020), the YAM Finance team announced plans for a planned migration to a new protocol called...Read More
Bitcoin went through a significant price surge in the past month, jumping from $9,000 to about $12,000. By heading into five-digit price territory, this 33% increase has many people speculating that the primary cryptocurrency may be too expensive, and the train has left the station. However, looking at Bitcoin’s pre-programmed deflationary mechanism and several macroeconomic...Read More
The leading cryptocurrency asset management company – Grayscale Investments – has recorded its most significant fundraising week in its 7-year history. Interestingly, the massive spike followed a nationwide advertising campaign the company ran in the U.S. Grayscale Commercial Worked As CryptoPotato reported a week ago, the digital asset manager planned to run a widespread advertising...Read More
Bitcoin took yet another swing at $12,000 but to no avail so far, while Ethereum continues climbing to $440. Macrodata reaffirms the ongoing bull trend as almost all top 100 digital assets have been in the green in the past three months. Bitcoin Not Yet Conquering $12k About three days ago, the primary cryptocurrency was...Read More
One of the significantly technologically developed cities in South Korea is aiming to expand its payments programs through digital gift certificates based on blockchain technology. One of the goals is to educate the elderly on contactless payments. Giving The Elderly A More Simplified Payment Process According to a recent news report, the new establishment of...Read More
The UK Metropolitan Police Service (MPS) has arrested a 35-year old woman and seized over $150,000 worth of Bitcoin as part of an investigation into fraudulent applications for government-backed loans for businesses affected by the COVID-19 pandemic. MPS Seized $150K Worth Of BTC The MPS (or Met) announced that the Proactive Money Laundering Team had...Read More
This week was easily one of the most eventful ones in the cryptocurrency field in terms of overall developments, especially in the DeFi sector. Starting with Bitcoin, however, not much changed since last week. BTC price started trading at around $11,800 seven days ago, and it’s currently at roughly the same level. However, this doesn’t...Read More
StormX, the blockchain-based rewards platform that helps users earn crypto, has scored a significant coup by onboarding retailing giant Walmart. Having already sealed deals with the likes of Microsoft, Nike, Adidas, eBay, Target, Dell, and Samsung, StormX is taking things up a notch by enabling 4% ‘Cryptoback’ on all Walmart purchases. In fact, shoppers can...Read More
Although gold and Bitcoin are considered similar asset classes because of their maximum supply, that of the precious metal may increase substantially in the following years if Elon Musk’s SpaceX decides to mine gold and other metals from asteroids. While explaining the merits of Bitcoin to the popular Wall Street trader Dave Portnoy, the Winklevoss...Read More
The United States has finally joined the bandwagon of countries testing a central bank digital currency (CBDC), Thursday reports revealed. Governor Lael Brainard said during a virtual technology event yesterday that the US Federal Reserve, in collaboration with research teams from Boston Fed and Massachusetts Institute of Technology (MIT), is conducting experiments with a hypothetical...Read More
One of the more popular protocols in the DeFi space, Curve Finance, saw its CRV token deployed by an anonymous developer who appears to have front-run their efforts. The team has confirmed the legitimacy of the deployment and its further adoption. Shortly after, some of the major exchanges, Binance and Poloniex, announced their support for...Read More
Bitcoin derivatives exchange surprised its users today by asking them to comply with a mandatory ID verification procedure. The 6-month long process will continue until February 12th, 2021. BitMEX will start this ‘User Verification Programme’ on August 28 at 00:00 UTC. BitMEX Asks Users To ‘KYC’ In a blog post published today, the prominent bitcoin...Read More
Bitcoin’s dominance over the market continues to suffer even though BTC has recovered from its dips and trades at $11,750. This is primarily because of numerous impressive alt pumps, including Ethereum, which finally broke above $400 after its significant price surge. Ethereum Over $400, LINK (Another) ATH, Alts Rejoice The second-largest cryptocurrency by market cap...Read More
Ethereum’s native cryptocurrency, Ether has experienced an explosive price action in the last few hours. ETH surged by more than 8 percent to move past the $420 price mark breaking out of a week-long consolidation. Also, the Ethereum based decentralized finance ecosystem just registered a new milestone. The total USD value locked in DeFi hit...Read More
The US Department of Justice (DOJ) has made its largest seizure of cryptocurrency accounts allegedly belonging and operated by some of the most feared terrorist organizations, namely al-Qaeda, ISIS, and Hamas. DOJ Seizes Cryptocurrency Accounts Operated By Terrorists According to the press release shared by the Justice Department earlier today, US authorities have seized over...Read More
Tron has partnered with Waves to connect the two respective blockchain networks called Solidity and Ride to push mass adoption in the decentralized finance (DeFi) field. All TRC-20 tokens will be available on the Waves blockchain and vice-versa with the assistance of the cross-chain communication network – Gravity. TRON Partners With Waves According to a...Read More
The Ethereum transaction fees reached a new all-time high following the latest DeFi craze YAM. A simple approval operation on some decentralized exchanges like Uniswap costs upwards of $13 on occasions. ETH Gas Fees Through The Roof The Ethereum blockchain is the underlying technology behind the majority of the DeFi-based projects. Investors wanting to allocate...Read More
One of the most popular supporters of Craig Wright has started filming a documentary aiming to prove that Wright is indeed the creator of Bitcoin. At the same time, Wright said in a recent interview that BTC HODLers are not using the asset properly as he envisioned, and he has returned to “make things right.”...Read More
Coinbase customers in the US will have the opportunity to receive cash loans against their Bitcoin holdings. If approved, the company’s clients might get their loans in two to three days. The Waiting List As per an official recent announcement, Coinbase has set a specially designated waiting list for their customers, who might like to...Read More
YAM – the financial experiment that started less than 48 hours ago crashed following an error in its rebasing mechanism that wasn’t fixed in time. This event highlights the importance of proper due diligence in the field. Even though the development team made everything they can to disclose the dangers and the risks of the...Read More
Bitcoin has recouped from yesterday’s dip to below $11,200, but most altcoins are significantly outperforming the primary cryptocurrency. Several impressive price increases, including new all-time highs for Chainlink and Tezos, have reduced Bitcoin’s dominance to below 60%. Altcoin Wild-Ride Continues With LINK and XTZ At ATH As CryptoPotato reported yesterday, 24 hours ago, the entire...Read More
The leading cryptocurrency data aggregator website CoinMarketCap has launched a new earning initiative for users. Dubbed CoinMarketCap Earn it will enable customers to watch educational videos and complete quizzes about certain digital assets and receive a pre-determined amount of coins as rewards. CMC Earn Is Live The official announcement from the popular data aggregator asserted...Read More
YAM Finance, the latest yield farming sensation, witnessed a bug in the rebase mechanism. However, the developers of the protocol assure users that funds are unaffected. Bug Found in Unaudited DeFi Project Developers at new DeFi sensation have found a bug in the protocol’s rebase contract. The team announced the news via Twitter hours ago....Read More
The DeFi space continues to amaze as there’s something unbelievable happening almost every other day. YAM – a cryptocurrency created less than a day ago with absolutely no economic value at launch, is currently trading at over $150. And that’s not even the part that’s hard to grasp. In less than 24 hours, the cryptocurrency...Read More
The leading decentralized peer-to-peer network BitTorrent has reached a significant milestone in its development after surpassing two billion installations of its torrent client software on Windows, Mac, and Android. BitTorrent Passes 2 Billion Installations Founded in 2004, BitTorrent Inc has become one of the most utilized software products for downloading torrents with its two brands...Read More
Binance has managed to establish itself as one of the most trusted and the leading cryptocurrency exchange in the field. One of the reasons for this is that the company doesn’t stop building new products. From regular listings of new cryptocurrencies to staking, and building new trading features, it appears that there’s always something brewing...Read More
The correlation between the price of gold, silver, and Bitcoin continues. The three assets are moving in a very similar matter, regardless of the direction. Most recently, all three experienced a decline. According to some analysts, gold’s price could be used as an indicator of Bitcoin’s behavior so long as the correlation remains high. On...Read More
