Ethereum surged by a substantial 10% surge over the weekend as it hit a high of $440 today. The cryptocurrency broke above the previously highlighted pitchfork on the 4-hour chart. Additionally, Ethereum penetrated above a falling price channel against Bitcoin over the weekend. ETH/USD – Bulls Re-Test 2020 Highs Key Support Levels: $420, $408, $400.Key...Read More
TRON dApp developers have just acquired new capabilities after TRON announced a partnership with Band Protocol. The deal means that third-party devs will be able to utilize Band’s oracle solution to obtain tamper-proof price feeds and other external data sources. Reliable oracles are regarded as one of the most critical capabilities for a blockchain to...Read More
YFI has undoubtedly been the best performing cryptocurrency of the past month in terms of pricing. The governance token of Yearn Finance was announced on July 17th by Andre Cronje and has since taken off in a way no one probably expected. What started as a “0 value” token is currently trading at around $36,000...Read More
Huobi Futures, the derivatives platform of the popular cryptocurrency exchange Huobi Group, will launch Bitcoin options trading starting September 1st. The company explained that more sophisticated investors are entering the digital asset market, and their BTC options release aims to meet their demand. Huobi Futures Adds BTC Options Trading Announced earlier today, the Singapore-based platform...Read More
After the launch of short Bitcoin (SBTC) ETP on Boerse Stuttgart, Germany’s second-largest stock exchange, the crypto trading product is now available on Xetra. This is a significant breakthrough for 21 Shares, which has already tasted success with eleven other institutional-grade crypto exchange-traded products. Short Bitcoin ETP Gets Listed on Deutsche Xetra Germany is Europe’s...Read More
More than 1.1 million test Ether (ETH) tokens are now staked by validators on Ethereum 2.0’s Medalla test network. Validator participation is trending at 74 percent, which is well above the 66 percent threshold. The average staking balance of 32 ETH has been maintained by validators, who are now almost 38,000. This comes amidst the...Read More
As yield farmers scramble to deposit their crypto collateral in the latest and greatest thing in DeFi, volumes on the Uniswap DEX have surged to record levels. The milestone was noted by Ethereum developer and Uniswap creator, Hayden Adams. 🤯 Wow, @UniswapProtocol 24hr trading volume is higher than @coinbase for the first time ever 🦄...Read More
Bitcoin continues to increase in price slowly and is currently hovering at $11,650. Larger-cap altcoins are in the green as well, as Ethereum’s 4.5% increase has taken ETH to $420. Altcoins On The Move The top ten cryptocurrencies have been recovering since last week’s dumps, and most of them have marked gains in the past...Read More
Recent data indicated that the HODLing mentality towards Bitcoin prevails as the number of coins that haven’t moved in two or more years has reached a three-year high. At the same time, miners are following suit as their BTC holdings have reached a two-year high. HODLing Mentality Among BTC Investors Prevail The analytics firm Glassnode...Read More
OKEx has become one of the largest cryptocurrency exchanges in the past several years. The company’s growth is continuously emphasized by the trading volume and the growing user base. CryptoPotato recently had the opportunity to do an exclusive interview with the CEO of the company – Jay Hao.Hao spoke of the challenges OKEx has to...Read More
Spencer Schiff, the son of the well-known economist, gold-bug, and permanent Bitcoin basher Peter Schiff, recently purchased an undisclosed amount of BTC. Aside from criticizing the primary cryptocurrency once again, his father prompted the community to send Spencer a belated birthday present, not in gold but in BTC. Schiff Jr. Appreciates Bitcoin, Unlike His Dad?...Read More
As another week comes to its end, let’s start from the bottom line: Bitcoin price ends the week exactly where it started it, hovering around the $10,600 mark. It wasn’t a remarkable week for Bitcoin, unlike the other cryptocurrencies, especially the DeFi ones, that saw triple-digit gains. Looking at the shorter timeframe, which is seen...Read More
The use of cryptocurrencies in Venezuela has thrived over the years, and although they may not be the revolution that many expected, they have managed to fit into the financial thinking of the people there more strongly than in other countries. The status of crypto and blockchain technology in the country has evolved significantly. A...Read More
Polkadot has quickly gone up the ranks and became one of the biggest cryptocurrency projects. Its native token DOT was recently denominated at a 1:100 ratio. After the event, early Polkadot investors can benefit from a nearly 2,000% ROI. This became possible following the latest company developments, mainnet launch news, and DOT listings on several...Read More
Bitcoin seems stable after recovering from its drop to $11,100 and trades above $11,500. However, massive gains are evident among lower-cap alts and DeFi tokens, including YFI that doubled BTC’s all-time high. As such, Bitcoin’s dominance over the market has decreased by over 1%. YFI To $40k, Low-Caps Surging It’s no secret that the DeFi...Read More
Yearn Finance is undoubtedly all the rage in the cryptocurrency field right now. Up just shy of 80% in the past 24 hours, it peaked at almost $39,000 on Binance. Now, industry proponents such as the CEO of one of the world’s largest Bitcoin margin trading exchanges are making bold predictions about its price. Arthur...Read More
It has long been questioned as to why Bitcoin is priced in U.S. dollars when they are two entirely different entities. One is an inherently weak currency that has been continuously devalued for almost 50 years, and the other is a mathematically finite digital store of value. In a recent blog post by entrepreneur, Sylvain...Read More
Yearn Finance, the DeFi protocol that took the entire crypto field by a storm, continues to break new grounds. Its governance token, YFI, suddenly shot up to 77,000 BUSD on Binance in what appears to have been some sort of a mishap. In any case, the cryptocurrency continues to impress as its price already surpassed...Read More
Every day brings something new to the cryptocurrency market as the DeFi craze continues to boom and surprise. Announced on August 26th, the SushiSwap project is attempting to take the concept behind the leading decentralized exchange protocol, Uniswap, and offer an alternative with further incentives to liquidity providers. Enters SushiSwap: What is it? In an...Read More
The popular cryptocurrency exchange OKEx has double-down on its DeFi-related endeavors by listing several new assets from the field. Company CEO Jay Hao promised that OKEx will continue to observe and act accordingly to the growing DeFi trend. OKEx Lists 8 DeFi Tokens The Malta-based spot and derivatives cryptocurrency exchange announced the addition of eight...Read More
Following a few days of adverse price movements, most of the cryptocurrency market is recovering and is in the green today. Bitcoin is up to $11,500, Ethereum is trading above $400 for the first time since Tuesday. Even more impressive gains are evident from the lower-cap alts. Bitcoin Back Above $11,500 The primary cryptocurrency saw...Read More
Yesterday, the United States’ Department of Justice filed a complaint to seize 280 cryptocurrency accounts operated by notorious North Korean hackers. They allegedly stole millions of dollars worth of crypto assets from two cryptocurrency exchanges and also sought the help of Chinese OTC traders to launder the funds. US DOJ Moves To Seize Cryptocurrency Accounts...Read More
Bitcoin had a rather unproductive week of trading as it declined from about $17,750 to where it’s currently at $11,500, losing about 2% in the process. However, the last seven days were not without their highlights. Just yesterday, the US Federal Reserve’s Chairman, Jerome Powell, announced a historic shift in the institution’s approach towards inflation...Read More
The last couple of weeks have been nothing short of intense on the cryptocurrency market. For the first time since 2016, an altcoin flipped Bitcoin’s price as YFI traded above 1 BTC. Polkadot (DOT) is currently all the rage as all eyes are turned on the project and its native cryptocurrency. Data from CoinGecko suggests...Read More
Bitcoin Bitcoin saw a small 4% price drop this week as it headed into the $11,300 support (downside 1.272 Fib Extension). During the week, the coin broke beneath the August rising trend line. The bulls attempted to recover, but the previous support flipped into resistance and the buyers failed to overcome it. On Tuesday, Bitcoin...Read More
The leading decentralized exchange has recorded more volumes in August than it did in July. Uniswap saw more than $300 million in trading volume over the past 24 hours and $2.5 billion in the last seven days, according to data on Dune Analytics. Uniswap Spends The Most Gas Fee Uniswap’s impressive volume is also putting...Read More
Gold, oil, and even the US dollar, which have served as a reliable store of value for years, could soon lose that status, according to the Winklevoss twins. According to them, Bitcoin is the value to substitute and when this comes, it could facilitate a surge in its price to $500,000 and beyond. The Major...Read More
Despite Bitcoin’s tumultuous performance following an announcement of the US Federal Reserve regarding its new approach to average inflation targeting, the cryptocurrency has managed to stabilize around $11,400 where it’s currently trading at. Elsewhere, Chainlink and Polkadot are both in red but LINK has returned to the top 5 coins by market cap. Bitcoin Spikes...Read More
Centre Consortium members Circle and Coinbase have just launched an upgraded version of their popular USDC dollar-pegged stablecoin. Going live on August 27, USDC 2.0 aims to tackle high gas fees by allowing developers to delegate it to other wallets or take fees in USDC instead. Removing ETH From The Picture The official announcement explained...Read More
Money attracts money, and Barry Silbert, CEO of Digital Currency Group, knows it. His company has already established itself as one of the most influential corporations in the entire crypto ecosystem. Today, it announced a new venture that will expand its reach into a whole new frontier: the crypto mining industry. In a recently issued...Read More
