Month: August 2020

The past few months have seen a number of major crypto companies facilitate some serious big-money acquisitions. For example, on Aug. 25, blockchain software firm ConsenSys bought out JP Morgan’s enterprise-variant of the Ethereum blockchain Quorum. Similarly, earlier this year, global cryptocurrency exchange Binance announced that it was acquiring CoinMarketCap, one of the most referenced crypto data websites. In this regard, crypto derivatives exchange FTX, too, announced on Aug. 26 that it had recently come to an agreement with Blockfolio Read more …

With the COVID-19 crisis showing no signs of abating in the United States, central banks around the world have deployed financial airbags in the form of quantitative easing, and they plan to do a lot more. Modern Monetary Theory has taken center stage, and we are witnessing it in action. It’s a sight that will leave you awestruck: like witnessing the financial version of the first atomic explosion of Los Alamos and the Manhattan Project.  What is going on with Read more …

Binance Card, a newly launched cryptocurrency debit card powered by Binance and the Binance-owned crypto commerce company Swipe, could soon enter the United States. This is all thanks to a new partnership which unlocks direct USD deposits for users in the country. Announcing the news to Cointelegraph on Monday, Swipe representatives said that USD checking accounts will be enabled on the platform through a partnership with Evolve Bank & Trust — a banking institution operating in the United States. Swipe Read more …

Bitcoin Press Release: Danish Nasdaq OMX-listed company NPInvestor.com has launched a new low-cost crypto brokerage called CPHCrypto. The broker is designed to offer better value to the cryptocurrency trading market.  31st August 2020, Copenhagen – Cryptocurrency brokers should be able to focus primarily on their trading strategy, and not be worrying about high commission charges or costly exchange subscriptions. That is the philosophy behind CPHCrypto.com, a new, low-cost crypto broker launched by the Danish Nasdaq OMX-listed company NPinvestor.com  You want Read more …

The current crypto market is based of speculation and has a difficult time taking over fiat and becoming the new standard in payments. This is where CENTRIC plans to take the lead with a new type of stable utility token and a duel crypto eco-system that takes away speculation and allows a seamless experience utilizing Centric Rise as a means of payment. You want the latest news about Crypto? Then follow us on Google News! A massive issue is looming Read more …

YFI, the native token of a fast-forward decentralized finance giant, Yearn Finance, has surged 8,900 percent against Bitcoin since its launch. And now, an analyst says that the cryptocurrency could grow further. Amsterdam-based stock trader Michaël van de Poppe said in his Monday tweet that the YFI price could surge towards 4 BTC per token. The comments followed the DeFi crypto’s 35 percent rally in the last 24 hours, wherein YFI/BTC surged from 2.31 BTC to an intraday high of Read more …

CoinMarketCap’s chief strategy officer and acting CEO Carylyne Chan is leaving the well-known crypto market data site — together with two of her colleagues, Jeremy Seow and Spencer Yang.  Chan, who has worked at CMC since January 2018, publicly announced her departure on Aug. 31. She had stepped in as interim CEO shortly after CMC was acquired by Binance in April of this year. Seow, for his part, has been CMC’s vice president of products since June 2019, the same Read more …

Bitcoin (BTC) sidechain RSK will soon be equipped with Chainlink (LINK) oracles, enabling developers on the smart contract-enabled blockchain to tap into market price feeds and other off-chain data to build their applications. The integration is being developed by IOVLabs, the company behind the RSK sidechain. It is currently live on testnet and expected to be launched on mainnet in less than a month, an IOVLabs spokesman said. Chainlink data will be ported to RSK via RIF Gateways, an interoperability Read more …

Binance, the world’s largest cryptocurrency exchange in terms of market capitalization, is listing another token to support the growth of decentralized finance, or DeFi. Wrapped Bitcoin (WBTC), a new ERC-20 token pegged to the price of Bitcoin (BTC), is now tradeable on Binance, according to an Aug. 31 blog post by the exchange. As officially announced, Binance users can now start deposit WBTC as well as trade the token against Bitcoin and Ether (ETH). Introduced in 2019, Wrapped Bitcoin is Read more …

Mid-August saw total Ethereum gas fees top a record $8.6 million in one day. Following a brief respite, which coincided with the collapse of YAM Finance, total gas fees are starting to creep back up again. The latest data shows total gas fees reached $7.1 million yesterday. Daily total gas fees on the Ethereum network. (Source: coinmetrics.io) The current state of affairs has some commentators debating the sustainability of the Ethereum network. Long wait times, as well as high gas Read more …

Privacy and anonymity are the primary benefits of cryptocurrency, yet due to the transparent nature of blockchain technology, crypto transactions are not as anonymous as some may think. Rather, Bitcoin (BTC) and other cryptocurrencies are pseudonymous, as each transaction on a blockchain network is transparent, making it possible to trace wallet addresses back to their source. For example, cryptocurrency intelligence company CipherTrace is capable of tracing several hundred cryptocurrency transactions by analyzing wallet addresses, exchange information and smart contracts. John Read more …

While bots can be a great tool for many traders, some are concerned about the ways this could create room for manipulation, such as with “pump and dump” scams as well as decentralized exchange (DEX) manipulation. Bots can manipulate exchanges Using a series of bots to bring added liquidity to an exchange sounds harmless enough at first, as it should simply create a better user experience for clients. However, if the vast majority of trading activity on an exchange is Read more …