These are bullish times for Ethereum and its growing community. After all, why would anyone expect anything else? A week after the deposit contract was finally filled with a few hours to spare, the much-anticipated genesis block of the Ethereum 2.0 beacon chain was launched on 1 December. The said development came as a relief...Read More
Synthetix has been a prominent project in decentralized finance [DeFi] that allows derivatives trading. Its synthetic stablecoin asset, sUSD tracked the value of the USD Dollar and has also been experiencing a high demand on lending platforms, as noted by Synthetix. Looking at the rise in demand for sUSD [SUSD], Binance has announced to add...Read More
The past few days have been understandably bullish for the crypto-market. Not only did Bitcoin, the world’s largest cryptocurrency, climb to a new ATH on certain exchanges, but the past week also saw the launch of Ethereum 2.0’s beacon chain with its genesis block. The rest of the market’s altcoins, as expected, reciprocated, with many...Read More
Chief Technology Officer at Ripple and XRP Ledger architect David Schwartz said that XRP community could force the burning of billions of XRP in holding. Recently, a Twitter user asked Schwartz whether the nodes, validators, and community members of XRP Ledger could burn more than 50 billion XRP in escrow. In a tweet, published on...Read More
Elysia, a tokenized real estate ownership protocol, has announced an upcoming integration with oracle solution Chainlink to price properties and calculate token distributions. Elysia’s decentralized real estate marketplace allows users to buy tokens representing property ownership and distributes rewards to token holders when the underlying properties generate income. The Elysia app will leverage Chainlink Price Feeds to...Read More
OMG Network, formerly known as OmiseGo network has been acquired by an investment company based in Hong Kong, Genesis Block. According to the announcement on 3 December, Genesis Block Ventures will work together with OMG Network to build lending and trading platforms for the DeFi sector. GBV has been an active participant in the DeFi...Read More
Only a few weeks ago it was revealed that Pakistan’s Securities and Exchange Commission [SEC] was working towards introducing a regulatory framework for cryptocurrencies. However, things have seemed to have escalated pretty quickly as, Sumera Shams, a member of the Provincial Khyber Pakhtunkhwa (KP) Assembly announced on 2 December the decision by the province’s parliament...Read More
Polkastarter, a Polkadot-based DEX built for cross-chain token pools and auctions, has partnered with Moonbeam, an Ethereum compatible parachain, to enable cross-chain interoperability. In an announcement, Polkastarter stated that the partnership would allow for easy integration between the Ethereum and Polkadot ecosystems. Moonbeam is able to transpile Solidity and other Ethereum-native logic & code to...Read More
Chainlink and C.R.E.A.M. Finance have been at the head of quite a few developments lately. Now, with the latter announcing a new integration associated with its oracle services, the two are bound to be in the headlines even more so. According to the said announcement, C.R.E.A.M. Finance has chosen Chainlink as its primary price oracle...Read More
Disclaimer: The findings of the following article are the sole opinions of the writer and should not be taken as investment advice Bitcoin Cash, like EOS, has enjoyed a lousy YTD performance in the year 2020. In fact, BCH was up by only 33% at press time, while ADA was up 10x with respect to BCH....Read More
Bitcoin has never consolidated at a price range this high for so long in its history. While a recent revisit below $17k may have shaken away a few weak hands, the crypto-asset, at press time, was able to gather pace above $18,500 once again. In fact, the sentiment is distinctly different as well. The air...Read More
Ethereum continues to dominate the altcoin market, after having cemented its position as Bitcoin’s most notable rival. The last few weeks have been particularly exciting for the community since it saw the much-awaited launch of ETH 2.0, with the beacon chain going live on 01 December. However, on the question of Ethereum’s scalability, how many...Read More
While on one hand, the price of Bitcoin is proving that the cryptocurrency is a great investment asset, on the other, its technological and market advancements have attracted the attention of the wrong kind of crowd, specifically, hackers who demand their ransom in Bitcoin. This has turned out to be the case after popular insurance...Read More
Disclaimer: The findings of the following article are the sole opinions of the writer and should not be taken as investment advice EOS has been one of the year’s least-performing cryptocurrencies so far, with the crypto registering 7.82% in YTD returns while the likes of ADA saw YTD surges of 331% [When compared to BTC, ADA,...Read More
While much of the community is still elated after the beacon chain went live on 1 December, it would seem that something else entirely grabbed its attention today. With the amount of ETH staked on the deposit contract nearing almost a million and worth over $500M, the first ‘validator slashing’ took place today. Eth2 slashed...Read More
Quartz Devkit, a blockchain developer toolkit backed by leading Indian IT service provider, Tata Consultancy Services, has just announced its support for the Ethereum Blockchain. The development platform will now enable decentralized applications and the deployment of smart contracts on three blockchain platforms – Hyperledger Fabric, R3/Corda, and Ethereum. Quartz DevKit claims to allow programmers...Read More
While the larger cryptocurrency market has been going through a consolidation phase, one trend seems to be overpowering the other in the altcoin market. Out of the market’s many altcoins, the likes of Monero, Waves, and Zcash have been reporting YTD returns of greater than 100%. In fact, according to Messari, Monero [XMR] and Zcash...Read More
The memory of November 2020 will remain in the minds of Bitcoin investors and the collective crypto-industry for a long time. A rally ignited in mid-October finally realized its full potential in the penultimate month of the year, with many of the market’s premier crypto-assets climbing to new highs. While most digital asset sectors pictured...Read More
A new research study by the Bank for International Settlements (BIS), the Swiss National Bank (SNB), and the SIX Digital Exchange touched upon the feasibility of integrating tokenized assets and central bank money. The collaboration termed ‘Project Helvetia’ has demonstrated the functional feasibility and legal robustness of settling tokenized assets with a wholesale CBDC (PoC1),...Read More
Bitcoin’s price was quick to record a minor correction after having registered a new ATH a few days ago. Since then, some of the market’s most popular altcoins have had to endure a brief period of price consolidation on the charts. Since the start of December, cryptocurrencies like Litecoin, Cosmos, and Dogecoin have remained stuck...Read More
According to a recent announcement by the Ampleforth Foundation, AMPL is now expanding beyond the Ethereum blockchain by integrating with 3 new blockchains, namely, Tron, Acala (Polkadot), and NEAR. In a statement celebrating Ampleforth going multichain, the protocol said, “As decentralized finance moves across chains, so too will the core monetary assets. We’ve seen this...Read More
The world’s oldest Bitcoin mining pool, Slush Pool, has inscribed Reuters’ famous headline, “Dollar plummets on U.S. stimulus hopes; Bitcoin hits all-time peak,” on block number 659678. The same was done on 2 December, with the mining pool revealing the same a few hours ago, adding that the miners wanted to “immortalize” the bullish headline...Read More
Ethereum recently took its first steps towards Ethereum 2.0 after the Beacon Chain went live, with many centralized exchanges soon extending support for staking too. Joining them now is a publicly-traded company, Ether Capital Corporation, after it revealed that it began staking on the Ethereum 2.0 network back on 1 December. That’s not all either...Read More
IOHK has been working on the token locking functionalities before the Hard Fork Combinator [HFC] event which has been scheduled for the first week of December. The team has been continuing with its Goguen rollout, which has been an important milestone after Shelley. In a recent update, Dimitris Poulopoulos, Goguen Project Manager, and Volodymyr Hulchenko,...Read More
Ethereum rose to $600 once more, and the altcoin market responded positively to ETH’s rise in the past few hours. Binance Coin and Tezos registered gains, however, Tezos lacked trading volume. Basic Attention Token stalled beneath a level of resistance at $0.24, also on low trading volume. Bitcoin was likely to have a strong influence...Read More
While Ethereum exhibited a massive drop below $500 on the 26th of November, a sharp recovery has brought back the asset above $600. While the price is currently hovering under the range, the short-term analysis indicated a rather uncertain trend. Ethereum 1-hour chart Source: ETH/USD on Trading View On 24th November, Ethereum’s value topped at...Read More
Bitcoin rose above $19,000 once more but its recent volatility resulted in weakened bullish momentum for altcoins. At press time the king coin was being traded at $18,523 with a 24-hour trading volume of $71.3 billion. Source: CoinStats Chainlink closed outside an ascending channel and could see $12.6 support revisited in the coming days. Dash...Read More
Cryptocurrency exchanges have been actively adding new projects given the bullish sentiment gripping the market, especially with decentralized finance. Coinbase Pro announced support for new order books for Chainlink [LINK], Uniswap [UNI], Yearn.Finance [YFI], Zcash [ZEC], and Algorand [ALGO]. According to the announcement, the new pairs that will be added to the exchange will be...Read More
Bitcoin is a decentralized p2p asset class that has gained worldwide popularity and has a market cap of $350 billion. But how decentralized is bitcoin? Before we actually get into that, let’s break down the word “decentralized”. Generally, decentralized is something that’s not concentrated and centralized. To bitcoin, the term ‘decentralized’ is mainly attributed due...Read More
Bitcoin Dominance rose to 63.28, and the Crypto Fear and Greed Index showed 92 to denote extreme greed in the market. And how else would it be, with Bitcoin so close to its ATH that 99% or more Bitcoin ever bought, if held without selling, would be in a profit at the time of writing....Read More
