Month: August 2020

Yearn.finance’s native governance token YFI became the first-ever altcoin to surpass the price of Bitcoin (BTC) on Aug. 20. It spiked to as high as $13,444 on Binance, fueled by the growing demand for Decentralized Finance, or DeFi. The sentiment around YFI’s vertical rally since early August remains mixed. Some believe YFI is primed for a pullback. Others foresee more growth potential over the longer term. The 4-hour chart of yearn.finance (YFI). Source: TradingView.com What is YFI and why has Read more …

Cryptocurrency firms in Singapore can now draw upon detailed guidance for their license applications to offer regulated services in the city-state. On Aug. 13, the Association of Cryptocurrency Enterprises and Startups, Singapore (ACCESS), rolled out its new Code of Practice to help these firms in their applications for a payments service license.  The license has been mandatory for any entity looking to provide specified payment services — including digital payments and the trading of digital tokens — since Singapore’s Payment Read more …

with support from Kennington Studio in London The 6th installment of the Coingeek Conference series (Sept 30th-Oct 2nd) has confirmed that it will be broadcast online from The Manhattan Centre in New York City – home to television productions from ABC, BBC, Sony and Warner. It is also where the film scores for the likes of Zoolander, Fargo and Batman Forever were created, and the venue has also seen live performances from the likes of Aerosmith, Bon Jovi, Shakira, Harry Read more …

The former governor of Reserve Bank of India, Raghuram Rajan, said that private cryptocurrencies like Bitcoin (BTC) and Facebook’s Libra may have a future even when central banks roll out their own digital currencies. Rajan, who was also the Chief Economist and Research Director at the International Monetary Fund from 2003–2006, said during a CNBC podcast that one of these digital currencies might only become problematic if it were to hold a monopoly. However, he believes that there will be Read more …

A court in Tokyo, Japan has ordered the seizure of crypto assets that have been traced back to the Coincheck hack of January 2018, The Japan Times reported Wednesday. More than $530 million worth of the NEM (XEM) cryptocurrency was stolen from the exchange two years ago in what turned out to be the crypto industry’s biggest heist. You want the latest news about Crypto? Then follow us on Google News! While the Times did not provide figures, another report Read more …

Ethereum has corrected with Bitcoin over the past day. Both cryptocurrencies have dropped just under 10% from the local highs. As of this article’s writing, ETH trades for $408, a price 4.5% lower than it was 24 hours ago. Analysts are bearish on Ethereum as the asset has begun to flirt with the pivotal $400 level on a short-term time frame. There are technicals and on-chain signals showing that ETH is primed to move lower. Ethereum Is Poised to Correct Read more …

Following Bitcoin, Ethereum, and other top cryptos lower, Compound (COMP) has shed 9% in the past 24 hours., the asset now trades at $180, lows not seen in over a week. COMP’s -9% performance in the past 24 hours makes it one of the worst-performing digital assets of that time frame. For context, Bitcoin and Ethereum both fell by approximately 2% over that same time frame. While Compound’s retracement is scaring investors, certain analysts remain optimistic due to technicals. There Read more …

The idea of YFLINK was born out of the rigidity and security provided by the Chain Link contract protection. The Chain LINK drafts and executes smart contracts with a decentralized oracle network, augmenting the said contracts’ security. Following this approach, the notion of point failure sustains the contract’s value and security. LINK is an integral part of the YFLINK, or YFL is regarded as one of the best governance tokens working on combining the YIF’s liquidity mechanism with the popular Read more …

Bitcoin (BTC) needs to hit $340,000 just to match its performance from its last halving cycle, data shows. In a Twitter series on Aug. 20, popular statistics resource ChartsBTC noted that Bitcoin still has huge room for growth at current levels of $11,700. Halving multiples give up to $1.6 million BTC price Comparing lows, highs and halving prices from its two previous halving cycles, ChartsBTC put the difference between peaks at 36x for the 2012 cycle and 17x for the Read more …

Cross-chain or blockchain interoperability research could finally be reaping results, with multiple projects launching interoperability protocols this week.  Ontology (ONT), Neo (NEO) and Switcheo have collaborated to launch the “heterogeneous interoperability protocol alliance” Poly Network, while the NEAR project has launched the Rainbow Bridge, connecting NEAR and Ethereum.  Blockchains have long been seen as silos of data with no real ability to interact with any other networks. This has forced developers to choose between blockchains based on their existing ecosystem, Read more …

Bitcoin remains one of the best-performing assets this year, now sitting atop more than 60 percent gains. The benchmark cryptocurrency on Monday nearly hit $12,500, a level it had not touched since July 2019. The upside move came as a part of a broader bullish rally that began in March 2020. Back then, BTC/USD had fallen to as low as $3,858 against a more robust demand for the US dollar. But at its yearly top, the pair was up 223 Read more …

Chainlink (LINK) started a sharp downside correction from the $19.93 high against the US Dollar. It is now trading above the $15.00 support and eyeing a fresh surge above $17.00. Chainlink token price is trading above the key $15.00 support zone against the US dollar. The bulls are facing a couple of important hurdles near the $16.95 and $17.00 levels. There is a key bullish trend line forming with support near $15.40 on the 4-hours chart of the LINK/USD pair Read more …