Early traders of Polkadot’s new DOT token have come in for an unfortunate surprise, as two prominent exchanges decided to list the token ahead of its “redenomination” despite warnings from the project. The redenomination, due to take place on August 21, will see the new DOT denominated at one-hundredth of the value of the DOT...Read More
The global crypto market continues to slide today as another $11 billion pours out. This exodus of investment has now kicked Bitcoin outside of the rising channel that it’s been tracking inside of (mostly) for the past 22 days. What was acting as reliable support has now flipped into a strong resistance level and could...Read More
As the DeFi and yield farming craze continues to entertain the cryptocurrency industry, the price of yEarn. Finance’s native token YFI has gone parabolic, surpassing Bitcoin’s by almost $1,000. This makes YFI the most expensive crypto asset in the market. 1 YFI = 1.15 BTC According to data on Binance, the DeFi token is trading...Read More
Paris Hilton, a businesswoman, model, singer, and heiress to the Hilton Hotel chain has successfully sold in an auction a picture of her cat as a non-fungible token on an Ethereum-based platform for 40 ETH. While employing the same platform to auction off a picture of his own, Ashton Kutcher burned the paper copy to...Read More
The DeFi space continues to amaze. Last week, the field was taken by a storm by an experimental protocol called YAM that attracted about $600 million in total value locked in less than two days. Now, despite YAM’s downfall, investors are putting big money in another meme protocol called Spaghetti Money to farm its native...Read More
Bitcoin has further declined to $11,750, while most of the larger-cap altcoins continue to bleed out with Ethereum close to testing $400. Lower-cap alts chart some notable performances in both directions. Bitcoin Dips To $11,750 The primary cryptocurrency attracted the community’s attention a few days ago when it reached a new yearly high of over...Read More
Popular cryptocurrency advocate John McAfee has ghosted his Ghost project, citing incompetence of the management team. McAfee Ghosts Ghost Tweeting on Wedsnesday (August 19, 2020), McAfee announced that he was dumping Ghost, a privacy-centered project. Back in April, McAfee announced the Ghost privacy coin, which uses proof-of-stake (PoS) and will ensure users’ privacy by making...Read More
IOTA announced the release of the first phase of the IOTA 1.5 upgrade onto its mainnet today. True to its promise, IOTA finally presented a considerable step in achieving its roadmap and more excellent opportunities for the community. Before that, the project had published a release strategy, which is to happen in two phases. Today...Read More
Google trends data reveals that the number of “buy crypto” searches has exploded worldwide in the past few weeks to a two-year high. Simultaneously, the “buy Bitcoin” searches, which jumped prior to the 2020 halving and decreased immediately after, have increased since late July. Buy Crypto Searches To A Two-Year High According to Google trends,...Read More
XRP fell by a total of 4% today as the coin drops back beneath $0.3 to reach $0.293. At the start of this week, XRP attempted to push higher as it spiked to $0.331. Against Bitcoin, XRP returned to the 200-days EMA at 2470 SAT today. XRP/USD: XRP Breaks Beneath $0.30 Once Again Key Support...Read More
US authorities have charged with fraud and money laundering five people operating a Bitcoin mining Ponzi scheme. Called AirBit Club, the scam operated since 2015 and duped numerous victims into investing by promising alluring but false returns. How Did AirBit Club Operate? According to the US Department of Justice (DOJ), Pablo Renato Rodriguez and Gutemberg...Read More
The Algorand Foundation and Algorand Inc have announced a significant upgrade to its layer-1 protocol that will enhance the platform’s abilities to power complex decentralized applications, including DeFi projects scalable to tens of millions of daily transactions with low fees. Algorand Protocol Update To Enhance DeFi Solutions The company announced the protocol upgrade in a...Read More
A Russian businessman has reportedly taken a loan from a bank using the WAVES token as collateral. With the nation’s unclear regulation status regarding digital assets, local lawyers argued on whether such transactions could legally proceed in the future. The First Cryptocurrency-backed Bank Loan In Russia Alexander Ivanov, Waves founder and CEO, confirmed the news...Read More
The U.S. Government’s acting Comptroller of the Currency allowed banks in the country to offer cryptocurrency custody services a little less than a month ago. Advocating the case for crypto, he now says that payments need to happen ‘virtually instantaneously.’ He also feels that ‘the crypto phenomenon cannot be ignored.’ Crypto-Friendly Brian: Payments Need To...Read More
Swipe is set to venture into the U.S. market following approval from regulators. The news of the launch caused a rise in the price of its SXP tokens. Swipe Crypto Trading Functionality Coming to 200M Americans In a tweet on Tuesday (August 18, 2020), crypto wallet and card provider Swipe announced that it received a...Read More
Bitcoin’s run above $12,000 was short-lived as the asset has tanked by 4% in the past 24 hours to $11,800. However, BTC’s dominance over the market has increased slightly as most altcoins have plummeted as well. Bitcoin Fails To Stay Above $12K Bitcoin’s latest attempt to conquer $12,000 seemed successful at first glance, unlike the...Read More
Bitcoin’s exciting bull run might be over as quickly as it started after prices failed to close above the $12,400 daily resistance yesterday. Any hopes of a parabolic continuation will now have to be put on hold as bulls recover from the sharp decline. In the last 24 hours, the global crypto market capital has...Read More
The leading cryptocurrency exchange Binance has assisted Ukrainian authorities to arrest a cybercrime organization that allegedly stole and laundered $42 million from various ransomware attacks across the world. Binance And Ukraine Partner To Stop A Cyber Gang Last year, the exchange launched a new initiative, dubbed Bulletproof Exchanger aiming to identify and track hubs of...Read More
There’s never a boring day in the cryptocurrency field and things tend to change in the blink of an eye. Just earlier today, the total market capitalization was sitting comfortably at a 14-month high, and it took less than a few minutes for upwards of $10 billion to be wiped off its sheet. This happened...Read More
Chainlink dropped by almost 20% today as it fell into the $15.00 support. Against Bitcoin, LINK decreased from the 0.0017 BTC level to reach the support at 0.00127 BTC. LINK/USD: LINK Bullish Momentum Dies Out At $19.50 Key Support Levels: $15.10, $14, $13.35.Key Resistance Levels: $17.20, $18, $19.51. Over the weekend, LINK surged higher from...Read More
Ethereum started to move sideways after hitting the August 2018 highs at the end of last week. The coin hasn’t been able to overcome this level since the weekend, despite Bitcoin surging above $12,000 again. Against BTC, Ethereum dropped from the 0.0371 BTC resistance to reach support at 0.0347 BTC (.236 Fib Retracement). ETH/USD: $438...Read More
The veteran US-based cryptocurrency exchange Kraken will enable trading and staking services for Polkadot (DOT) starting August 18th. The addition comes shortly after the sharded multichain network raised over $40 million in its second private token sale. Kraken To Add DOT Trading And Staking According to the statement from the US exchange, Polkadot is “coming...Read More
Back in April this year, banking giant Capital One had filed a patent for an AI-based crypto fact-checking platform. The patent is now officially published. Will it find enough takers, given the bank’s massive 2019 data breach? Capital One Files Patent For AI-Based Crypto Information Analyzer According to Capital One’s patent, its artificial intelligence-led platform...Read More
Crypto.com is an exchange that opened up for beta testers back in November 2019. The platform bolsters the vision of the company’s CEO, Kris Marszalek, who intends to create a full-service experience to the millions of users who are already using it. Along with the benefits that come with its relatively simple online trading interface,...Read More
DeFi tokens are leading crypto markets to their highest levels in terms of total market capitalization for over a year. One of the top-performing digital assets at the moment is YFI, as it surges over 70% on the day to reach an all-time high at $12,821. It has become the only cryptocurrency since 2016 to...Read More
Bitcoin bulls have successfully retained its price above the psychological $12,000 level after yesterday’s push.Elsewhere, Chainlink retraced considerably since marking consecutive ATHs, while Yearn.Finance reached a fresh all-time high just a few hours ago. Bitcoin Price Holds $12,000 The primary cryptocurrency attempted to overcome the $12,000 mark a few times this year without any success....Read More
Changpeng Zhao, CEO of the world’s most popular crypto asset exchange, Binance, recently posted the milestone, adding that traffic is even higher than when Bitcoin was at a peak at the end of 2017. We are seeing ATH in terms of system traffic. Higher than Dec 2017. Should be interesting to see what happens next....Read More
While segregated witness ‘SegWit’ adoption dipped after mid-March, the utilization of the protocol upgrade on the Bitcoin network is on the rise. Some industry pundits say time is running out for the declining set of non-adopters to embrace SegWit. Bitcoin SegWit Utilization Now Above 65% According to data from Transactionfee, about 65% of daily Bitcoin...Read More
Bitcoin has responded to the rising altcoins and just pumped to a new yearly high of over $12,400. By doing this, the primary cryptocurrency has increased its dominance over the market after reaching a new yearly low earlier today. Bitcoin To $12,400 and Beyond? As CryptoPotato reported earlier, Bitcoin stood still at $11,800, while many...Read More
Less than a week ago, the influential legacy markets day trader Dave Portnoy, had a meeting with Cameron and Tyler Winklevoss – the founders of Gemini and well-known Bitcoin proponents. Even though he supposedly bought Bitcoin during their meeting, his enthusiasm for the primary cryptocurrency was shortlived. Now, Portnoy openly solicits cryptocurrency pump and dump...Read More
