XRP dropped by a small 1% today as the bulls defend $0.28. The coin found resistance at $0.313 earlier in the month and has been falling ever since. Against Bitcoin, XRP dropped beneath the 200-days EMA today as it falls to 2400 SAT. XRP/USD: XRP Bulls Defending $0.28 Level Key Support Levels: $0.28, $0.264, $0.245.Key...Read More
One of the most popular supporters of Craig Wright has started filming a documentary aiming to prove that Wright is indeed the creator of Bitcoin. At the same time, Wright said in a recent interview that BTC HODLers are not using the asset properly as he envisioned, and he has returned to “make things right.”...Read More
Coinbase customers in the US will have the opportunity to receive cash loans against their Bitcoin holdings. If approved, the company’s clients might get their loans in two to three days. The Waiting List As per an official recent announcement, Coinbase has set a specially designated waiting list for their customers, who might like to...Read More
YAM – the financial experiment that started less than 48 hours ago crashed following an error in its rebasing mechanism that wasn’t fixed in time. This event highlights the importance of proper due diligence in the field. Even though the development team made everything they can to disclose the dangers and the risks of the...Read More
Bitcoin has recouped from yesterday’s dip to below $11,200, but most altcoins are significantly outperforming the primary cryptocurrency. Several impressive price increases, including new all-time highs for Chainlink and Tezos, have reduced Bitcoin’s dominance to below 60%. Altcoin Wild-Ride Continues With LINK and XTZ At ATH As CryptoPotato reported yesterday, 24 hours ago, the entire...Read More
The leading cryptocurrency data aggregator website CoinMarketCap has launched a new earning initiative for users. Dubbed CoinMarketCap Earn it will enable customers to watch educational videos and complete quizzes about certain digital assets and receive a pre-determined amount of coins as rewards. CMC Earn Is Live The official announcement from the popular data aggregator asserted...Read More
YAM Finance, the latest yield farming sensation, witnessed a bug in the rebase mechanism. However, the developers of the protocol assure users that funds are unaffected. Bug Found in Unaudited DeFi Project Developers at new DeFi sensation have found a bug in the protocol’s rebase contract. The team announced the news via Twitter hours ago....Read More
The DeFi space continues to amaze as there’s something unbelievable happening almost every other day. YAM – a cryptocurrency created less than a day ago with absolutely no economic value at launch, is currently trading at over $150. And that’s not even the part that’s hard to grasp. In less than 24 hours, the cryptocurrency...Read More
The leading decentralized peer-to-peer network BitTorrent has reached a significant milestone in its development after surpassing two billion installations of its torrent client software on Windows, Mac, and Android. BitTorrent Passes 2 Billion Installations Founded in 2004, BitTorrent Inc has become one of the most utilized software products for downloading torrents with its two brands...Read More
Binance has managed to establish itself as one of the most trusted and the leading cryptocurrency exchange in the field. One of the reasons for this is that the company doesn’t stop building new products. From regular listings of new cryptocurrencies to staking, and building new trading features, it appears that there’s always something brewing...Read More
Tezos increased by 8% today as the coin reached the $4.40 level, which is the all-time high recorded two days ago. Against Bitcoin, Tezos surpassed 38,000 SAT and recorded its highest level against Bitcoin since February this year. XTZ/USD – Bulls Seek For New All-Time High Key Support Levels: $4.00, $3.91, $3.58. Key Resistance Levels:...Read More
Following Bitcoin’s price plunge from earlier today, Ethereum dropped to $365 before a decent recovery above $380. The cryptocurrency attempted to break above resistance at $400 this week but failed to do so, as of now. Against Bitcoin, Ethereum maintained the critical support at 0.0326 BTC. ETH/USD – Bulls Fail To Overcome $398 – $400...Read More
The correlation between the price of gold, silver, and Bitcoin continues. The three assets are moving in a very similar matter, regardless of the direction. Most recently, all three experienced a decline. According to some analysts, gold’s price could be used as an indicator of Bitcoin’s behavior so long as the correlation remains high. On...Read More
You may have heard of Uniswap has been a frequently debated topic among the DeFi space. Originally, Hayden Adams created the Uniswap protocol as he was inspired by Vitalik Buterin’s post about the market maker equation X * Y = K. Hayden took a practical approach to the equation and created Uniswap, a protocol for...Read More
Venezuela’s Bolivarian Council of Mayors has signed a new tax agreement in 305 municipalities across the country. Called National Tax Harmonization Agreement, it will allow the nation to raise taxes and sanctions using the nation’s cryptocurrency – the Petro. Cryptocurrency Tax Collection In Venezuela According to the recent local report, the mayor of the Libertador...Read More
The big boys on crypto markets such as Bitcoin, Ethereum, and XRP may be slumping today, but DeFi tokens are still on fire. Five of the top six performing tokens in the top one hundred are related to DeFi, and there is a good reason for that. Enter the Yam A new yield farming opportunity...Read More
Most of the cryptocurrency market is retracing heavily today after a few days of gains. Bitcoin failed to conquer the $12,000 level and has now dropped by $800. Large-cap altcoins follow suit, and the market loses about $20 billion. Bitcoin Drops By $800 The primary cryptocurrency attempted another break above the coveted $12,000 price tag...Read More
Following the latest developments and price movements from Ethereum, the second-largest cryptocurrency by market cap has seen its weighted social sentiment turn significantly more positive to reach a fresh all-time high. Twitter Loves Ethereum According to data from the popular analytics company Santiment, Ethereum’s so-called weighted social sentiment has been increasing in positivity lately. Essentially,...Read More
MicroStrategy has become the first NASDAQ-listed company to buy Bitcoin as part of its planned capital allocation strategy. Bitcoin is Better than Cash According to an official press release on Tuesday (August 11, 2020), MicroStrategy bought 21,454 BTC at $250 million. The company stated that Bitcoin, which is seen as an investment asset, is the...Read More
Bitcoin’s price is now sharply correcting after failing to close above the psychological $12,000 yesterday. In the last 24hrs, $14 billion has been withdrawn from the market as traders react to the double top that’s now appeared on the 4-hour chart. Bitcoin reached $12,100 yesterday and nine days ago, on August 2nd. As of writing...Read More
Chainlink dropped by a sharp 7% today and about 15% in the past two days. Before this drop, LINK had created a fresh all-time high at $14.74, gaining upwards of 35% in a week. Against Bitcoin, LINK is also heading lower as it dropped from the 120,000 SAT resistance to reach 108,000 SAT today. LINK/USD:...Read More
The decentralized exchange aggregator sourcing liquidity from multiple platforms 1inch has raised nearly $3 million in a funding round led by Binance Labs. Other prominent participants in the series include Galaxy Digital, Greenfield One, Libertus Capital, Dragonfly Capital, FTX, LAUNCHub Ventures, and Divergence Ventures. 1inch Raised $2.8M According to a press release shared with CryptoPotato,...Read More
Anyone that has used Ethereum for anything recently will have noticed a surge in gas fees. The DeFi boom of 2020 is largely responsible for this as demands on the creaking network increase. Ethereum and ERC-20 tokens make up the foundations of DeFi, and it has become painfully evident that the network cannot take the...Read More
Swipe, one of the latest acquisitions of Binance, has announced a new simplified white paper, which should assist in mass adoption for the company. With many developments coming from Swipe, its native cryptocurrency, SXP, has soared by over 60% in the past week alone to a new all-time high painted today. Swipe’s Latest Developments The...Read More
According to numerous posts on John McAfee’s Twitter, the former antivirus tycoon and cryptocurrency proponent was arrested in (probably) Norway, or Spain, or Germany. While he hasn’t disclosed lots of details, the reason for the arrest was quite compelling – wearing a lady’s underwear as a protective mask and refusing to replace it. McAfee Arrested...Read More
Following what appears to be the actions of a single whale, the price of ETH skyrocketed to just under $450 according to the Uniswap v2 ETH/USDC price ticker in late trading on August 10. This represented an increase upwards of 15%. The trade involved a series of swaps totaling almost $18 million in USDT to...Read More
Bitcoin couldn’t succeed at conquering $12,000 so far and got rejected. Although many top 10 alts are retracing slightly today, the rest of the market is in the green, including another all-time high from a top 20 coin – Tezos (XTZ). Lower-cap Altcoins And Tezos To The Rise The majority of top 10 coins have...Read More
Crypto commerce in Ireland is about to become a lot more regulated, with lawmakers in the country ready to introduce laws targeted at combating cryptocurrency-related money laundering. Wallets and Exchanges to Come Under Scrutiny in Ireland According to the Irish Examiner, Ireland’s cabinet is set to introduce new anti-money laundering (AML) laws. These pieces of...Read More
Months after launching operations in China, the country’s Blockchain-based Service Network (BSN) saw the release of an official international website, aiming to attract global DLT developers as well. China’s BSN Goes International The Blockchain-based Service Network went live a few months back after a delay prompted by the COVID-19 pandemic. As CryptoPotato reported back then,...Read More
Ethereum saw a small 1.7% price increase today as the coin reached the $395 level. The cryptocurrency has struggled to break above $398 for the past four days. Against Bitcoin, Ethereum continues to remain supported at the 0.0326 BTC support. ETH/USD: Bulls Halted By $398 Resistance Key Support Levels: $380, $370, $350.Key Resistance Levels: $400,...Read More
