One of the world’s largest car manufacturers and a household name, BMW, has announced plans to launch a blockchain-based reward program in South Korea. The country will be the first to see the new platform before a potential global rollout. BMW Korea Goes Blockchain BMW is arguably one of the most popular car manufacturing brands....Read More
XRP/USD – Bulls Face Resistance at Bearish .382 Fib. Key Support Levels: $0.24, $0.236, $0.23.Key Resistance Levels: $0.251, $0.261, $0.271. XRP rebounded from a rising trend line on Sunday which saw the coin breaking above the 100-days EMA to reach the resistance at $0.251 (bearish .382 Fib Retracement). During this week, XRP managed to spike...Read More
The DeFi markets have had a rough few days over the past week. The majority of the cryptocurrencies centered in the space are trading well in the red. At the same time, the total value locked (TVL) in DeFi protocols has been on the decline over the past two days as well. According to DeFi...Read More
Bitcoin price appears to be tracking in another classic whale manipulation pattern right now, after yesterday’s sharp $200 crash during the US trading session. The details of this pattern have already been covered extensively in a previous analysis, but for those of you not familiar, it essentially represents a strategy employed by large BTC traders...Read More
Social Capital CEO Chamath Palihapitiya doubled-down on his belief that Bitcoin investors should separate themselves from short-term price actions. He asserted that BTC operates in opposite to other financial assets and helps him sleep “soundly” at night. Palihapitiya: Bitcoin Is Fundamentally Different The former Facebook executive has been a long-time Bitcoin proponent. Earlier this year,...Read More
You might have heard many crypto enthusiasts advising do not fall in FUD, just HODL your cryptocurrency. If you are a new user and just entered the space, then you might have come across the terms like FOMO, FUD, HODL. Do you ever wonder, what is HODL? Rather why it is not HOLD? Let’s go...Read More
Pan-European payment solution for online markets Lemonway has partnered with Ripple to utilize RippleNet to facilitate international euro-to-euro payments for its customers. At the same time, the payment protocol company announced a restructuring with its executive leadership across the organization and rebranding two of its products. Lemonway To Employ RippleNet Announced earlier today, the partnership...Read More
Bitcoin has failed to sustain its recent bullish run and has dropped to approximately $10,600. Most alternative coins have mimicked BTC’s move, resulting in a $10 billion loss from the total market cap. Bitcoin Fails At $10,800 As reported yesterday, Bitcoin had reacted positively on news that US President Donald Trump left the hospital after...Read More
On the back of remarkably fast recovery from the virus which has taken over 210,000 American lives, President Donald Trump abruptly ended talks with Speaker Nancy Pelosi and Democratic leaders over new economic aid packages. All three major U.S. stock indexes lost solid gains from earlier in the day and fell into negative territory after...Read More
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
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
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
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
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
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
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
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
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
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
Litecoin development news has been lacking recently, with all of the attention focused on Ethereum’s ongoing testing of Beacon Chain. That has changed with the recent launch of the MimbleWimble (MW) testnet. As it has only just gone live, there are a few nodes connected and mining, the official blog post stated. The MW protocol...Read More
Over the past 24 hours, Bitcoin has continued to rise in value gradually and now sits above $10,750. The price increase follows impressive gains registered on Wall Street during yesterday’s trading session, after news that US President Trump has returned to the White House. Bitcoin Follows Stocks Up As CryptoPotato reported yesterday, Bitcoin touched $10,750...Read More
Yield chasers in search of the next “DeFi gem” are falling victim to elaborate scams with rogue actors on the prowl, using cleverly devised malicious contract codes to steal funds. From “rug pulls” to outright absconding with presale funds, the activities of DeFi scammers are threatening to overshadow the novel developments in the emerging crypto...Read More
The US Securities and Exchange Commission (SEC) has filed fraud charges against the popular cryptocurrency proponent and well-known tech entrepreneur, John McAfee. According to the documents, McAfee has taken advantage of his massive Twitter following and has “leveraged his fame to make more than $23.1million in undisclosed compensation by recommending at least seven initial coin...Read More
The combined stablecoin market recently topped a valuation figure of $20 billion. Apparently, this was the total market value of all cryptocurrencies in the pre-bull run month of February 2017. Also, stablecoins together are contributing to $26 billion worth of trading volume. The Crypto Stablecoin Market Is Booming As per the latest statistics, the total...Read More
Two of the biggest Italian digital payment companies Nexi and SIA have reportedly high-fived for a new deal to create a domestic payments group with 1.8 billion euros ($2 billion) in revenue. The new firm’s executives plan to expand in Europe and compete with other digital payments companies. Burying The Hatchet Viewed as the two...Read More
Cryptocurrency investors have withdrawn approximately 45,000 bitcoins from the derivatives exchange BitMEX following the recent charges brought by the US CFTC. A sizeable portion of the massive amount has ended up on two rival exchanges – Gemini and Binance. CFTC Charges Against BitMEX Owners As CryptoPotato reported last week, the US Commodities and Futures Trading...Read More
Support for Ethereum 2.0 is growing rapidly. In a significant milestone, Eth2’s Medalla test net has expanded to more than 75GB in size. Along with this, the number of staked test ETH on the test net has crossed well above 2 million. Ethereum 2.0 Testnet Size Tops 75 GB As per the latest reports, two...Read More
The central bank of Thailand has leveraged blockchain technology running on IBM Cloud to launch the world’s first DLT-based platform for government savings bonds. Within the first two weeks of operations, the blockchain-based platform has issued a total of $1.6 billion of such bonds. The announcement from the International Business Machines (IBM) Corporation reads that...Read More
October 15th is approaching, and that’s the latest deadline for submitting a rehabilitation plan for reimbursing the Mt. Gox creditors. With them claiming over 150,000 bitcoins, which is about 15% of the total value owed to creditors, the community speculates on the potential market impact. October 15th: What You Need to Know The Mt. Gox...Read More
