Earlier today, the Filecoin network was brought to a halt due to a bug, one which led to most nodes being stuck at height 336459 with mismatched state compute errors due to indeterminate behavior. The bug in question was quickly identified, however, with the team able to get the network back and running in just...Read More
The altcoin market did not move as a unit. In fact, while some large-cap coins such as Litecoin saw huge gains and EOS, NEM registered strong performances across the board, Zcash underlined short-term bearishness. EOS Source: EOS/USDT on TradingView EOS formed a falling wedge, one that broke out above the $3-level of resistance, and at the...Read More
The market is hot with cryptos’ prices going through the roof, with hardly any altcoins having a very rough time in the market recently. Chainlink’s native token, LINK, has also boomed with growth, despite its inconsistencies. In fact, LINK was returning 667% to its investors year-to-date. Although the price of the digital asset seemed to...Read More
Ethereum clocked in a new price high for the year on the 17th of December, surging to $676 on the price charts. Soon after the new ATH was attained, however, the CME Group revealed a very important addition to its platform. According to an official announcement, the CME Group will be adding Ether Futures to...Read More
The past week saw Bitcoin come close to $24,000 as it shattered previous resistance levels and registered a new ATH on the charts. Such bullish momentum has translated well for the altcoin market, thanks to its high correlation with the world’s largest and most dominant cryptocurrency. Popular altcoins like Binance Coin, Dash, and Augur all...Read More
With the world of decentralized finance [DeFi] becoming an important part of the crypto-ecosystem, many projects from the field are gaining a lot of attention lately. Chainlink’s decentralized oracle network has been one of the most popular projects in the world of DeFi. Adding to this popularity, Bounce Finance, a decentralized auction protocol, has just...Read More
The cryptocurrency market seemed to rally alongside Bitcoin. However, once the cryptocurrency hit an ATH on the charts, it retraced, and so did the remaining altcoins in the market. Bitcoin’s latest price drop also pushed many into a consolidating zone and as the price moved sideways, the trend appeared to be changing on the charts....Read More
Cardano is in the news today after Founder Charles Hoskinson announced that Cardano has launched an Ethereum Virtual Machine (EVM) developer net. Alright, the EVM DevNet is up: https://t.co/fp4iKJvRnZ start writing smart contracts on Cardano. I want to see what you all come up with. I’ll retweet projects — Charles Hoskinson (@IOHK_Charles) December 17, 2020...Read More
Bitcoin’s recent performance on the price charts had a corresponding effect on the rest of the crypto-market. Many of the market’s alts, including the likes of EOS, Ethereum Classic, and Zcash, surged as BTC climbed to breach one resistance level after another. However, such correlation also had the opposite effect, something evidenced by the fact...Read More
According to a new report, Coinbase has approached investment banking company, Goldman Sachs, to manage its IPO. Just yesterday Coinbase had said that it had “confidentially submitted” a draft registration statement with the United States Securities and Exchange Commission. The crypto company expected the draft of the “Form S-1” to become effective after the SEC...Read More
In a recent interview, Mizuho Securities analyst, Dan Dolev said that nearly 20% of PayPal users have started trading Bitcoin using the payment giant’s latest services. The Japanese investment banking firm surveyed about 400 PayPal users and found that 50% of them reported increased engagement with PayPal’s new bitcoin services. According to this survey, bitcoin...Read More
Alongside Bitcoin reaching a new all-time high above $20k, Ethereum continued to gain a new high valuation for 2020. Ethereum crossed its previous local top at $637, registering a new high at $676. While at press time, it was down to $644, there is a sense of optimism regarding a possible move upwards. Ethereum 4-hour...Read More
Ever since the DeFi craze kicked-off this summer, the ecosystem has only grown in size with more protocols expanding their use cases, and even some interesting mergers aimed to make the space more interoperable. A particularly popular segment of DeFi is its lending protocols that have captured a significant part of the market. However, currently...Read More
Bitcoin’s market dominance was on display over the past 10 days after the larger crypto-market rallied on the back of BTC’s performance on the price charts. Thanks to the high correlation most of the market’s alts share with BTC, the former, by and large, pumped. Despite some degree of corrections setting in, at the time...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice The performance of Binance Coin has been impressive for its investors as it was returning around 97% year-to-date. Along with the value of Bitcoin reaching new highs, BNB has been witnessing a sharp rise...Read More
Tornado.Cash announced the launch of a new governance proposal wherein users will gain governance rights through the TORN Token. The Torn token is an ERC-20 compatible token with a fixed supply that governs Tornado.Cash. TORN holders can make proposals and vote to change the protocol via governance. However, the protocol stated that TORN is not...Read More
These are bullish times for the cryptocurrency market. Not only is Bitcoin, the world’s largest cryptocurrency, breaching new ATHs by the day, but the altcoin market is reciprocating as well, with the market’s top alts all recording significant gains on the charts. Cardano, IOTA, and DigiByte were few of the alts to note a price...Read More
Global trade finance bank, Euro Exim is working with Ripple to connect banks, payment providers, and digital asset exchanges via RippleNet. Euro Exim is a class A International Banking Financial institution incorporated under the revised laws of St. Lucia, which authorizes it to conduct business with third parties across industries worldwide. The bank has implemented...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
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
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
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
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
As the value of Bitcoin went past $20k, many of the market’s altcoins were also seeing their price rise on the charts. The performance of Litecoin, Zcash, and Compound did not witness major uptrends but registered positive gains. Litecoin [LTC] Source: LTC/USD on TradingView The Litecoin daily chart indicated the sideways movement of the digital...Read More
XRP’s price drop over the past few days was expected. After registering a massive bullish rally towards the end of November, the asset has declined a bit over the past few days. December hasn’t been kind and currently, the asset is looking to re-test a critical support. At press time, XRP was valued at $0.4504...Read More
The overall cryptocurrency market has been witnessing a push and pull from its traders. In the case of the world’s largest cryptocurrency Bitcoin, its value has continued to inch closer to the $20k level and can be seen to have an impact on altcoins like Ethereum, Tezos, and FTX Token. Ethereum [ETH] Source: ETH/USD on...Read More
Grayscale Investments caught the media’s attention this week, after breaking above $10 Billion in digital assets under management. Interestingly, as Grayscale investment’s news broke the Internet, the trade volume on spot exchanges cooled off dropping below the $550 million price level based on data from Skew. BTC Aggregate Daily Volume || Source: Skew Retail traders...Read More
DeFi projects added to its TVL at an astonishing rate this year. The TVL stood at $691 Million in January 2020 and nearly a year later, the TVL surpassed $15 Billion on Monday. The YTD growth of DeFi is over 2000% with the top 6 DeFi projects including Maker, WBTC, Aave, Compound, etc. registering over...Read More
