Bitcoin’s Macro Structure Indicates Push to $12,600 Could be Imminent

Bitcoin and the entire crypto market has faced some heightened selling pressure throughout the past day, with bears moving to regain control of BTC This has sent shockwaves throughout the entire crypto market, causing many tokens to plunge lower Analysts are now widely noting that the entire market could be well-positioned to see further losses in the near-term. One trader is noting that BTC reeling towards an “accumulation range” within the $9,000 region is a possibility That being said, the Read more …

DeFi hype has just begun says Neo founder

The hype around DeFi is not fading away and is only just beginning, said Neo founder Da Hongfei, during a live stream on China’s Hub on Sept. 25. Da said DeFi created a process in just a few years that traditional finance took hundreds of years to perfect. DeFi projects are now experimenting with all sorts of financial products and services. He added that: “Lending and borrowing, decentralized exchanges, insurance and all kinds of derivatives are on the rise in Read more …

Centralized finance is necessary, especially for DeFi crypto investors

If you’re paying attention to developments in the cryptocurrency space, you’ve likely heard of decentralized finance and of the yield farming trend that helped it get over $9 billion worth of crypto assets locked in it. In short, yield farming — also known as liquidity mining — sees users generate rewards with their cryptocurrency holdings by interacting with DeFi protocols that either let them lend or borrow tokens. These interactions grant them the protocols’ governance tokens, which both give them Read more …

Kucoin Hacker Leverages Uniswap to Dump Vast Number of ERC20 Tokens

Since the recent Kucoin hack, the crypto community has been waiting for the hacker to move funds. During the early morning hours (ET) on Sunday, a number of people noticed the Kucoin hacker started to move a large amount of ether and ERC20s to connect with the decentralized exchange (dex) Uniswap. The cryptocurrency exchange Kucoin was hacked on September 25, 2020, and early estimates said the trading platform lost around $150 million. On Sunday, the estimate is a bit larger, Read more …

Darknet, cryptocurrency and two intersecting health crises

While the precise origin of the COVID-19 pandemic is unknown, it has infected more than 30 million people, with almost 1 million confirmed to have died from it as it continues to spread across the world. The highly contagious virus has the ability to survive up to three weeks in frozen food supplies of meat and fish, according to a study. Related: Illicit crypto transactions are getting more attention from the government The United States — the worst-hit country by Read more …

Key use cases to explain YFI’s high value

The crypto industry is known for its dramatic price action, euphoria and bubbles. In the latest sustained fad since the 2017 initial coin offering, or the ICO boom, the decentralized finance niche of the industry now captivates the attention of many participants. One particular asset within this niche, YFI, has pumped to amazing price heights, totaling at least 4,400% gains inside a two-month span. Is this price action warranted, and does the token have actual value? “YFI’s value lies in Read more …

Crypto-Fueled Market Openbazaar to Close Shop Unless OB1 Raises Community Funding

On September 25, the creators of the decentralized marketplace, Openbazaar, announced that unless the project can gather community funding, the supporting services like seed nodes and the API wallet will shut down. The firm behind the project, OB1 is also removing the Haven app from the iOS App Store and Google Play on October 1. The open-source decentralized marketplace project Openbazaar started from an idea first conceived at the Bitcoin Hackathon in Toronto in April 2014. The first version of Read more …

Cryptojacking: A Rising Threat to All Internet Users

The cryptocurrency revolution steadily marches on. While it has yet to completely reshape the financial and other systems of everyday life, crypto acquisition and usage grow yearly. There is so much to love about cryptocurrency. From its decentralized and democratic nature to the higher levels of security it can provide through the blockchain, crypto is changing the world around us. Unfortunately, as with so many other digital world areas, hackers have found a way to exploit innocent user’s computer resources Read more …

Banks must establish infrastructure for digital assets before it’s too late

The adoption of digital assets in traditional legacy systems is moving fast. In the middle of the year, the digital asset custody industry saw welcome developments when the Office of the Comptroller of the Currency officially announced that all nationally chartered banks in the United States can provide custody services for cryptocurrencies. The move, while positive for the ecosystem, is yet to be accompanied by a rigorous assessment of its technological infrastructure, like asking questions such as: Where are these Read more …

trader says 23 factors show a rally is due

A pseudonymous Bitcoin (BTC) trader outlined 23 key technical and fundamental factors that could buoy BTC’s medium-term bull case. The data points shared by the trader, known as “Byzantine General,” fit into four major themes. They are a less overheated market, a neutralizing futures market, less leveraged traders and strengthening fundamentals. The Bitcoin futures market is neutralizing Since Bitcoin’s recovery from $10,300, a persistent narrative around the top cryptocurrency has been its negative funding rates. The Bitcoin futures market implements Read more …

YUSRA Global Is a Young Cryptocurrency That Has Managed to Achieve High Results in Only 1 Year of Existence

Studying the phenomenal success of this cryptocurrency, many ask the question: “What is the secret of the success and such a rapid growth in popularity of YUSRA?” Key success factors include: Unique technologies and blockchain innovations; A well-thought-out economic model; Exclusive marketing strategy; Personal leadership qualities of advisers; An atmosphere of trust and mutual understanding in the community. Thus, the phenomenal success of YUSRA Global is a combination of many factors that interact with each other. Everything is connected: without Read more …

Here’s what DeFi’s food-meme tokens bring to the table

Lately, in the crypto scene, everything related to decentralized finance is being considered a gold mine. While DeFi has brought solid projects to the industry, there’s also a hot new craze, and it’s related to food. Everything from yams to burgers is now being converted to a coin and sold like a tasty meal at a food fair, and investors can’t seem to get enough of these food-themed coins. However, there are growing concerns over the sustainability of these DeFi Read more …