Andre Cronje is undoubtedly one of the best-known names in the cryptocurrency field lately, especially when it comes to decentralized finance (DeFi). On July 17th, 2020, Cronje announced the release of various products under yearn.finance, as well as the governance token for the protocol called YFI. It didn’t take long for users to realize the...Read More
The majority of recent DeFi food flavored tokens have been backed by very little, and consequently end up as just pump and dump schemes. Today’s DeFi flavor is pineapple and the protocol is doing something a little different by enabling farmers to mine non-fungible tokens (NFTs) for crypto collectibles. Non‑fungible tokens are a special type...Read More
Although BTC dipped to $10,750 yesterday, the asset is back near the psychological $11,000 level. Most alts are trading in the red as the entire market cap has lost over $8 billion from yesterday’s peak. BTC Bounced Off $10,750 After two consecutive rejections at above $11,000, Bitcoin headed for a correction yesterday. The primary cryptocurrency...Read More
Have you heard about Yearn Finance’s YFI token? It acts as a governance token for its decentralized finance platform. It broke Bitcoin’s record of the all-time high in terms of USD prices. The YFI token attained highs of over $38,000 in August and even peaked above $43,000 in mid-September 2020. Do you know what’s the...Read More
Popular TV host Max Keiser recently highlighted that Bitcoin’s continuously growing hash rate is significantly more important for humanity than its price. He believes that the expanding energy demand for sustaining the network would ultimately result in the demise of altcoins and fiat currencies. Rising Energy Consumption For BTC Is A Good Thing: Keiser Following...Read More
The decentralized crypto exchange protocol C.R.E.A.M. Finance announced its decision to conduct a significant token burn today, September 20th, after a strong internal discussion. The official account of the protocol explained that following consideration of several possible reductions in supply, the alternative of burning 67% of all the $CREAM tokens was chosen as the best....Read More
Bitcoin jumped to a fresh 2-week high above $11,150 but got rejected once again and is down below $11,000. Meanwhile, the value of the 400 UNI tokens airdropped to anyone who used Uniswap before September 1st reached almost $3,500. Bitcoin Paints A New 2-Week High As reported by CryptoPotato yesterday, Bitcoin displayed issues when trying...Read More
Even though the past week was positive for Bitcoin, the recent price action could raise some question marks for the Bulls. After starting the week below $10,500, Bitcoin was able to break above the old tough resistance and reach back to the $11,000 are. However, while Bitcoin gained 5% over the past week, most of...Read More
When it comes to the question of mainstream or enterprise adoption of blockchain technology and Bitcoin, much of the discussion tends to focus on barriers such as scalability. However, a valid concern for any organization considering the use of blockchain in transaction processing is that of finality. You could think of a Bitcoin transaction like...Read More
In the crypto industry’s formative years, Bitcoin faucets allowed interested parties to passively earn BTC to get some skin in the game. Although Bitcoin was virtually worthless at the time, developer Gavin Andresen’s idea to distribute coins as widely as possible was both novel and prescient. Fast forward ten years, and cryptocurrency is easy to...Read More
A bitcoin wallet containing a little over 69,000 BTC is doing the rounds in hacking communities all over the internet. The reason? It’s obvious. Everyone (read seasoned hackers and self-professed bitcoin wallet crackers) wants to break it open and take it all. Or at least, a slice of the almost $750 million pie. For the...Read More
The launch of Uniswap’s governance token UNI caught the cryptocurrency market left, right, and center. Some folks who received the airdrop for being a loyal Uniswap user before September 1, dumped it on the market to avail their free helicopter money. Some held on. Nonetheless, UNI got listed on Coinbase Pro, Binance and it’s price...Read More
A former employee of CSIRO – the Australian Commonwealth Scientific and Industrial Research Organisation, has avoided prison after being caught using a supercomputer at work for mining cryptocurrencies. Jonathan Khoo, 34, worked as a contractor at the federal government’s scientific research agency. Generating $6,897 Worth Of Ethereum and Monero As per a recent news report, between January...Read More
Bitcoin took another swing at $11,000 but got rejected, and trades just shy of the coveted level. Most alts are retracing slightly, while UNI continues to attract attention, and its price has increased to $7. Bitcoin Stopped At $11K After yesterday’s relatively calm price performance, the primary cryptocurrency initiated another leg up towards $11,000. The...Read More
This week was nothing short of exciting. Bitcoin started trading at around $10,300 but was on a positive note throughout the entire time. It increased gradually, without any sharp and somewhat surprising movements, and managed to add about 6.5% to its value. The cryptocurrency tapped the important psychological and technical resistance at $11,000 but failed...Read More
Bitcoin Bitcoin saw a positive 6% price increase this week as it edges its way toward the $11,000 level. The cryptocurrency was trading within a symmetrical triangle pattern last week after consolidating prior for 10-days. This symmetrical triangle broke over the weekend – providing the first signal that BTC was about to push higher. After...Read More
MicroStrategy’s CEO Michael Saylor continues to dig deeper into Bitcoin after his company purchased $425 million worth of the cryptocurrency. In a recent podcast episode with long-time BTC proponent Anthony ‘Pomp’ Pompliano, Saylor claimed he’s ready to HODL Bitcoin for a century and said it’s 1,000 times better than gold. Saylor On His Change Of...Read More
Cryptocurrency fake giveaway scams continue to emerge frequently, and the latest example involves the popular DEX protocol Uniswap. Just a day following the UNI token release, scammers began promoting fake UNI giveaways by impersonating Uniswap’s creator – Hayden Adams. Fake UNI Giveaways On YouTube As CryptoPotato reported yesterday, the popular decentralized token swap platform launched...Read More
Bithumb’s situation worsens as South Korean authorities have reportedly summoned company Chairman Lee Junh-hoon for alleged fraud regarding the sale of BXA tokens. This comes days after local police raided the exchange for the third time in less than a month. Three Police Raids For Bithumb In September September turns out to be a rather...Read More
There’s never a dull day in the cryptocurrency market. From food-based meme coins that attract billions of locked value and generate extremely high yield, to a likely mistake that caused the price for a token to surge half a million percent in a few hours – there’s something for everyone. Buying the Wrong UNI UNI...Read More
Bitcoins are being tokenized at a rapid rate for use on the Ethereum blockchain. Just ten days back, BTC supply’s on the world’s largest smart contract development platform was 73,000. Now that number is nearing 100,000. Consequentially, the valuation of Bitcoin’s supply on Ethereum has topped $1 billion. Bitcoin Supply On Ethereum Approaching 100,000 As...Read More
Most of the cryptocurrency market has been relatively calm in the past 24 hours. Bitcoin trades around $11,000, and Ethereum jumps by 2% to $385. Most of the attention went to Uniswap’s governance token (UNI) that launched yesterday. After listings on the most prominent digital asset exchanges, UNI trades at $5.3. Bitcoin Remains Below $11K...Read More
Uniswap’s launch of its native token and associated farming rewards has caused a digital gold rush, which has crippled the Ethereum network for the second time in as many weeks. The news has been good for Ethereum miners, though, as their revenue has reached a five year high according to on-chain analytics provider Glassnode. 📈...Read More
Bitcoin bulls are recovering after failing their first attempt to break over $11,000. Despite a promising rally over $10,900, the surging momentum was insufficient to overcome the strong selling pressure at the critical psychological level. BTC breaking into the overbought region on the 4H RSI will have also contributed to the downward force bearing on the...Read More
Chainlink dropped by 3.2% today as it hits the $10.40 support once again. Against Bitcoin, LINK dropped through the crucial 0.001 BTC support as it trades around 0.00097 BTC. LINK/USD – Bulls Nowhere To Be Seen Key Support Levels: $10.40, $10, $9.00.Key Resistance Levels: $11.62, $12.60, $13.35. LINK has been quite dire during trading in...Read More
Ethereum climbed by 4.2% today as it reached the $380 mark. The cryptocurrency broke a descending triangle pattern on the short term charts. Against Bitcoin, ETH is starting to recover as it climbed back above 0.035 BTC. ETH/USD – Etheruem Bulls Break Descending Triangle. Key Support Levels: $364, $350, $336.Key Resistance Levels: $390, $400, $410....Read More
Months following the launch of its mainnet, Polkadot has established a new decentralized platform to fund projects. Called the Polkadot Treasury, it will be run by Council members elected by the community. The Treasury represents a pot of funds collected through transaction fees, slashing, and staking inefficiencies. Polkadot Treasury Established In a press release shared...Read More
The loss of some is the gain of others, especially the crypto-verse. On September 14, 2020, Paxful announced that it was closing its operations in Venezuela because the OFAC sanctions made it very risky for them to provide their services to Venezuelans. They gave their clients two options: either withdraw their funds in less than...Read More
Social mentions about bitcoin have touched an all-time low on Twitter. Also, BTC deposits on major cryptocurrency exchanges are dropping steadily and are at their lowest levels since November 2018. Will these two developments push bitcoin prices higher in the near term? Bitcoin’s Social Sentiment On Twitter At An All-time Low As per crypto market...Read More
Prominent entrepreneur and Price of Tomorrow author Jeff Booth is among the latest popular individuals to publicly endorse Bitcoin. In a recent Twitter post, he called the primary cryptocurrency a lifeboat and a “must” during economic uncertainties. Booth Outlines Global Debt Problems Co-founder and former CEO of Build Direct took it to Twitter to offer...Read More
