VIDYA’s Public Sale Marks the Dawn of a New Blockchain Gaming Era NewIn 2017, the gaming world was revolutionized by the massive success of a simple blockchain game called CryptoKitties. It enabled players to breed and trade unique digital cats via a series of smart contracts on the Ethereum blockchain. That simple concept led to a game that now boasts millions of dollars’ worth of user transactions,…
SBTC Plummets by 99% as Devs Announce Dissolution of Token NewThe price of SBTC plunged by nearly 98% in just over an hour on September 21 as devs announced the dissolution of the token. The dissolution announcement came more than a month after the token reached an all-time high of $5.07. At the time of writing, the token was quoted at $0.007 down from $0.64.…
Tokenized BTC Crosses $1B Notional: Ethereum Cements Role as Bitcoin’s Main Sidechain NewYears ago when the Bitcoin network started suffering from higher fees and congestion, a number of bitcoiners advocated the use of sidechains in order to relieve the main chain’s duties. However, they didn’t realize that the Ethereum network would solidify its role as Bitcoin’s main sidechain during the last year. Five years ago, bitcoiners relentlessly…
Survey: Large Number of Yield Farmers Can’t Read Smart Contracts Despite High Risk NewA new Coingecko survey has found that a large number of yield farmers do not know how to read smart contracts despite claiming they understand the risks that come with such investments. According to the survey, which polled 1,347 people, around 40% of decentralized finance (defi) users cannot comprehend the smart contracts they use for…
Craig Wright’s Summary Judgment Denied – Billion Dollar Bitcoin Lawsuit Heads to Trial NewOn Monday afternoon, Judge Beth Bloom, from the District Court of Florida, denied Craig Wright’s summary judgment and the infamous billion-dollar bitcoin lawsuit will go to trial in January. The court published a 93-page decision on the matter, as Judge Bloom detailed that “a genuine dispute of material fact exists” for a number of the…
Execs Managing $78B in Assets Say Institutional Investors Plan to Allocate More Cryptocurrencies NewNew research from the digital currency insurance firm, Evertas, shows that a surveyed group of investors managing roughly $78 billion in collective assets believes that during the next five years, institutional investors will “dramatically” increase their crypto asset holdings. This week the crypto asset insurance company Evertas published a cryptocurrency survey that included a number…
US Banks Can Now Hold Reserves for Stablecoin Issuers, Says Federal Banking Regulator NewThe U.S. Office of the Comptroller of the Currency (OCC) on Monday published a letter clarifying that national banks and federal savings associations can now hold reserves for stablecoin issuers in the country. According to the OCC’s interpretive letter, reserve accounts can either be funded through deposits from stablecoin issuers or deposits from individual stablecoin…
When You Buy Bitcoin at High Prices, How to Hedge Loss? NewA common mistake that almost every trader would make is to underestimate the importance of market timing. More often than not, traders enter the market driven by “fear of missing out” and end up buying an asset when it is trading at a relatively high price. In late July, Bitcoin started a rally and climbed...…
Tron (TRX) Price Analysis: Bears In Control Below $0.028 NewTron price extended its decline below the $0.0300 and $0.0280 support levels against the US Dollar. TRX price is now trading below the $0.0260 support and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $0.0262 on the 4-hours chart (data feed via Bitfinex). The pair remains...…
Bitcoin Price Analysis: BTC Could Extend Losses Unless It Clears $10,750 NewBitcoin price started a fresh decline from the $11,175 swing high against the US Dollar. The price is now trading well below the $10,580 support level and the 55 SMA (H4). There was a break below a crucial bullish trend line with support near $10,800 on the 4-hours chart of the BTC/USD pair (data feed...…
Richard Ells: Regulation Must Happen for Crypto to Be Taken Seriously NewRichard Ells is the CEO of Electroneum, a cryptocurrency app for smartphones that allegedly offers one of the fastest payment options out there. He’s also created a cryptocurrency known as ETN that he says is used by hundreds of thousands of people around the world to garner access to basic financial services. Richard Ells: Crypto...…
Kraken Is Opening Up Its Own Bank in Wyoming NewSan Francisco-based cryptocurrency exchange Kraken – arguably one of the largest and most prominent cryptocurrency trading platforms in the western hemisphere – has announced it’s been given the green light to establish its own bank. Kraken Is Opening Its Own Bank This is a unique step forward in the sense that banks and crypto are...…
Bitcoin Sinks Again as Options Contracts Are Set to Expire NewWell, it looks like we may have spoken too soon when it comes to bitcoin. We were all so sure that the $11,000 price it just reached roughly 48 hours ago would stick around this time, but it looks like that’s not the case. Volatility is coming back, and we’re witnessing it today as bitcoin...…
Cardano (ADA) Price Analysis: More Losses Likely Below $0.07ADA price is down over 5% and it broke the key $0.0900 support zone against the US Dollar. The price is now trading well below $0.0860 and the 55 simple moving average (4-hours). There was a break below a key declining channel with support near $0.0855 on the 4-hours chart (data feed via Kraken). The...…
Bitcoin is Eerily Copying Gold Trends; Analyst Fears Breakdown NewBitcoin is laggingly tailing the gold chart trends, and it may face trouble for its delayed correlation. That is due to the precious metal’s latest breakdown move, wherein the price broke out of a Symmetrical Triangle pattern to the downside. Incidentally, Bitcoin is now consolidating inside a similar technical structure, and one analyst predicts it…
3 Crucial Reasons Why Bitcoin Could Fall Below $10K This Fall NewBitcoin faces the prospects of breaking below $10,000 after failing to extend a rally that pushed its price up by 70 percent earlier this year. Here are the top three risks the cryptocurrency is facing as it heads towards the fourth and final quarter of 2020, according to the latest fractals and multiple observations. #1…
On-Chain Data Shows This Is a Bitcoin Price Dip to Buy: Executive NewBitcoin has undergone a strong drop over recent days as legacy markets have been dragged lower. The cryptocurrency fell from its $11,200 local highs to lows at $10,200, marking a drop of nearly 10%. The coin now trades at $10,400 as of this article’s writing, only marginally above the aforementioned lows. Bitcoin is under the…
Here’s How Stock Market Turbulence Could Crush Bitcoin Short-Term NewBitcoin has been trading in close tandem with equities throughout the past several days Heightened correlation to risk-on assets is a common BTC trait during times of immense global turbulence Although this strikes a blow to its safe-haven narrative, the cryptocurrency still has a long way to go before it fully decouples with the traditional…
Ethereum May Crash to $300 Support as Selling Pressure Grows Heavy NewEthereum is currently oscillating between highs of $345 and lows of $336 as its bulls and bears reach an impasse The cryptocurrency has been unable to see any relief following the massive influx of selling pressure that stopped it from seeing any further gains It is still trading well above its multi-week lows of $320,…
Bitcoin Shorts May Soon Get “Trapped” as Bulls Slow BTC’s Descent NewBitcoin’s price has found some stability following the recent market-wide selloff that helped send it down from highs of $11,200 to lows of $10,400 Bulls are ardently guarding against it seeing further near-term downside at the present moment There is a possibility that sellers will be able to continue pushing the market lower in the…
Bloomberg: Bitcoin “Should Be A Primary Beneficiary” Post Pandemic New“Bitcoin is the answer” is a phrase that’s thrown around regularly both in a serious and comical manner all across the crypto community. But in a future where there is limited potential upside in equities and bonds, the cryptocurrency could very well be the solution to further wealth accumulation. That’s exactly what a Bloomberg Intelligence…
NFTs Hit the Limelight in the Cryptoeconomy This Week NewNon-fungible tokens are tokenized media (think art, videos, and beyond) that trade atop blockchains like Ethereum, namely in NFT marketplaces like OpenSea and Rarible. These special tokens provide provenance and ownership around digital assets to an extent that’s never been possible before. This year, Ethereum’s decentralized finance (DeFi) sector has rapidly heated up, yet in…
Complete Guide to Yield Farming: How to Participate in Ethereum DeFi’s Growing HarvestsDecentralized finance, or DeFi, has exploded atop the Ethereum blockchain this year. In doing so, the sector’s top apps, like trading protocols Uniswap and Curve, have never been more used or popular. In recent months, this DeFi boom has been rapidly accelerated by the arrival of the new hit “yield farming” phenomenon. But what is…
Ripple co-founder moves $115m worth of XRP – sparking fears of a selloff NewThe massive hype surrounding Ripple’s XRP token throughout 2017 created an enormous community that carried over into 2018 and 2019, but this community of investors appears to have been dissolving as of late. The post Ripple co-founder moves $115m worth of XRP – sparking fears of a selloff appeared first on CryptoSlate.
Survey shows 40% of DeFi traders can’t understand smart contracts NewThere’s a high chance that most yield farmers and DeFi traders may not have the technical prowess to read and independently audit the underlying smart contracts of such platforms, according to the results of a survey held by CoinGecko. The post Survey shows 40% of DeFi traders can’t understand smart contracts appeared first on CryptoSlate.
Yearn.finance’s founder and others aren’t bullish on Uniswap’s current governance model NewLast week, the decentralized exchange Uniswap shocked the crypto world when it released its own token, UNI. The post Yearn.finance’s founder and others aren’t bullish on Uniswap’s current governance model appeared first on CryptoSlate.
Top VC says amid 40% drop: the fundamentals for Ethereum have never been better NewIt’s been a bloodbath in the DeFi market over recent days. The post Top VC says amid 40% drop: the fundamentals for Ethereum have never been better appeared first on CryptoSlate.
US banks can hold reserves backing crypto stablecoins NewIn a fundamentally important development for the cryptocurrency industry, the US Office of the Comptroller of the Currency (OCC) said today that national banks and federal savings associations are legally allowed to hold the currency “reserves” that back stablecoins. The post US banks can hold reserves backing crypto stablecoins appeared first on CryptoSlate.
Aglive launches farm-to-consumer blockchain-based app to tackle food fraudAglive, an Australian product traceability platform, has launched a blockchain-based mobile app that will allow consumers to see the source and journey of the products they consume. The post Aglive launches farm-to-consumer blockchain-based app to tackle food fraud appeared first on CryptoSlate.
Charles Hoskinson lays down the path for Cardano governanceIn his latest YouTube video, Charles Hoskinson, the CEO of IOHK, laid out the long and treacherous road they had to take to create a solid foundation for Cardano’s governance. The post Charles Hoskinson lays down the path for Cardano governance appeared first on CryptoSlate.
Christie’s to Auction Bitcoin-Inspired Artwork, Associated Non-Fungible Token NewThe artwork titled, ‘Portraits of a Mind’ created by the Robert Alice project is a set of 40 paintings made up of a transcription of the code associated with the Bitcoin blockchain.
Robinhood Raises Cool $660M in Extended Funding Round NewFollowing a retail bonanza this summer, trading app Robinhood says it has raised $660 million in an extended Series G round.
Bitcoin Market Weakening After Macro-Based Sell-Off, On-Chain Data Suggests NewBitcoin inventory is building on exchanges but there's a lack of buyers, according to a Chainalysis economist.
Digital Chamber Adds Mulvaney to Board of Advisors; Visa, Goldman Join Executive Committee NewThe Chamber of Digital Commerce announced Wednesday that former acting White House chief of staff Mick Mulvaney has joined the group’s board of advisors.
Data Site DeFi Pulse Fixes Bug, Says Value Locked Actually Hit $13B Last Week NewPopular data analytics site DeFi Pulse has claimed a "previously undetected issue" saw TVL under-reported by more than $4 billion on Sept. 18.
DeFi Angels, VC Firms Back $2M Round for Data Provider Dune Analytics NewEthereum data firm Dune Analytics, which has stood out from the pack for its focus on DeFi projects, has raised a $2 million seed round.
Crypto Hedge Fund Looks for $50M to Buy DeFi Tokens Amid Market Pullback NewPanxora, a cryptocurrency hedge fund manager, seeks $50 million to buy digital tokens associated with decentralized finance, known as DeFi.
Ripple (XRP) Near Crucial Juncture: Here’s Why It Could Decline Sharply NewRipple failed to extend gains above $0.2580 and declined sharply against the US Dollar. XRP price is likely to decline heavily if it breaks the key $0.2300 support zone. Ripple is now trading well below the $0.2400 and $0.2380 support levels against the US dollar. The price is facing many hurdles and it is now…
Ethereum Price Action Suggest More Downsides Below $330: Here’s Why NewEthereum is struggling to recover above the $345 and $350 resistance levels against the US Dollar. ETH price is likely to continue lower below $330 unless it recovers above $355. Ethereum corrected a few points higher, but it failed to climb above the $350 level. The price is declining below $345 and it is well…
Technicals Indicate Bitcoin Bears Are Likely To Protect Upsides Above $10,600 NewBitcoin price started consolidating losses after a sharp decline to $10,300 against the US Dollar. BTC is likely to face a lot of hurdles near $10,550, $10,600 and $10,650. Bitcoin is slowly recovering higher from the new weekly low at $10,302. The price is still below the $10,550 resistance and the 100 hourly simple moving…
Winklevoss Twins, Bitcoin Billionaires, Think DeFi is a “Revolution” NewEthereum’s DeFi space has fallen off dramatically over recent weeks due to weakness in the markets. Top coins pertaining to the space have dropped by over 30-40% from their recent all-time highs, resulting in market carnage. Not to mention, some crypto assets in the space have lost even more than 40%, plunging as capital floods…
This On-Chain Indicator Signals Bitcoin May Soon Go Parabolic NewBitcoin’s price action has been largely favoring sellers throughout the past several days and weeks, with bulls unable to catalyze any strong momentum while the cryptocurrency continues facing intense selling pressure each time it attempts to push higher. The lack of sustainable momentum seen throughout the past few days and weeks has struck a serious…
Bitcoin Could Soon Enter a “Nose Dive” as Gold Loses Key Support Level NewBitcoin has slipped below crucial support levels after peaking at $11,200 last week. The coin now trades at $10,400 as of this article’s writing, below supports in the $10,500-11,000 range that is so important for BTC. Bitcoin’s drop comes as the price of gold has dropped lower, towards $1,900, then under it. Both assets seem…
Bitcoin Weekly Momentum Flips Bearish For The First Time Since April NewWith Bitcoin holding strong above $10,000, the halving in the past, and months of positive price action, it is hard to not be bullish on the first-ever cryptocurrency. However, a momentum measuring tool has flipped bearish for the first time since April 2020 on weekly timeframes, potentially pointing to $10,000 failing to hold and a…
Christie’s to sell its first non-fungible-token as part of epic Bitcoin artwork NewArt historian-turned-blockchain artist Robert Alice believes that the Bitcoin codebase is a culturally and politically significant piece of 21 century history.
Robinhood cashes in on lockdown trading surge with $660M Series G funding NewThe stock and crypto trading app has added a further $460 million in the last closings of its new funding round.
Bitcoin 200-week moving average hints price will never go below $6.7K NewRising by $200 each month, the 200-week moving average has formed an implied BTC price floor since Bitcoin first appeared in 2009.
Visa, Goldman Sachs and Mick Mulvaney join leading blockchain trade association NewSeveral leaders in banking, payments and politics are joining the Chamber of Digital Commerce, a major voice for the blockchain industry in Washington, D.C.
Star Girl’s one million active users go with the Flow blockchain NewAfter inking deals to bring third-party games and stablecoins onto the Flow blockchain, Dapper Labs has announced two related sales for the FLOW token.
Booming African crypto adoption drives concerns over regulation NewAfrican crypto adoption has exploded in 2020, prompting fears of a heavy-handed regulatory response
Bitcoin FUD and negative social sentiment typically precede a bounce NewSocial media sentiment for Bitcoin has slumped to two year lows which is good for those wanting to go against the crowd.