Month: August 2020

The Organisation of the Petroleum Exporting Countries has announced that its Second Workshop on Energy and Information Technology will be held on Sep. 21 via videoconference. This year’s event sees blockchain technology join the range of energy and tech-related topics to be discussed. However, it is unlikely that the invited oil industry bigwigs will be discussing the energy consumption characteristics of cryptocurrency. The organization is more interested in streamlining aspects such as the supply chain, as OPEC secretary general Mohammad Read more …

Yearn Finance is now allowing people to stake their Ethereum holdings to earn higher yields via its new product yETH. The vault, which went live on Monday following a community vote, expects to attract a large amount of ETH tokens, with many observers noting that the migration would leave the Ethereum market with a supply-side liquidity shock. They are already counting on a bullish response from the ETH traders based on supply-demand economics. $ETH leveraged in #DeFi has passed 5,000,000 Read more …

The social trading platform eToro has now made it possible to earn a second income with their Popular Investor program.  It all has to do with their CopyTrader feature, which allows users to allocate funds to other traders’ investment moves — essentially, copying them. So, if you don’t feel like a confident crypto trader, but you see someone who is, use CopyTrader and you’ll mimic what they do automatically. You want the latest news about Crypto? Then follow us on Read more …

Craig Wright, a self-proclaimed creator of Bitcoin (BTC), is reportedly continuing to file more defamation suits against perceived rivals, despite none of his previous attempts turning out to be successful. On Aug. 25, Wright filed a libel suit against major industry figure, Roger Ver, with the High Court of Antigua and Barbuda, industry publication CoinGeek reports. According to an official defamation claim obtained by CoinGeek, Wright is seeking legal action against Ver for publicly stating that Wright is not the true Read more …

Ethereum has seen a strong macro rally over the past two months, rallying from $240 to $420 as of this article’s writing. ETH traded higher, as high as $440 just two weeks ago. The Tom Demark Sequential predicts that ETH’s rally will pause for a number of weeks, and maybe reverse lower. This assertion comes courtesy of a historically accurate signal for Ethereum. Bitcoin’s price action may end up determining ETH’s, though. Ethereum’s Price Rally Will Pause in the Near Read more …

Bitcoin has seen consolidation under $12,000 ever since unceremoniously losing that pivotal price point the week before last. The cryptocurrency now trades at $11,700 as of this article’s writing, having closed its weekly candle above a crucial support. Arguably the technicals of the Bitcoin market remain in a shaky spot. Some have asserted that BTC’s rejection at $12,000 is a likely sign it will retrace towards the $10,000s, maybe lower. Vinny Lingham, the CEO of Civic, seems to be unphased. Read more …

Wyoming State Representative and long-time crypto champion Tyler Lindholm has been unseated in the Republican state primaries by a candidate representing the far-right of the party. So far it is unclear how this may affect the state’s blockchain friendly legislation, although, following his defeat, Lindholm said he was “100% confident the [blockchain] laws are safe and secure,” according to a report by Forbes. The upset came as part of a determined push by right-wing donors, conservative advocacy groups and factions Read more …

Uniswap, the most widely-used decentralized exchange (DEX) on Ethereum, surpassed Coinbase in daily volume on Aug 30. The explosive growth of the Decentralized Finance (DeFi) market has pushed many avid investors to DEXes over centralized exchanges. The volume of Uniswap in the last 24 hours. Source: Uniswap According to the data from Uniswap, the platform processed $426 million in 24-hour volume. In the same period, Coinbase Pro saw $349 million in volume, according to CoinMarketCap data. Why is the popularity Read more …

Bitcoin bulls should buckle up as the cryptocurrency prepares for a rally towards its 2019 high at near $14,000. The expectations of a $2,000-plus jump come as Bitcoin maintains an inverse correlation with the US dollar since March 2020. Back then, the greenback spiked when the COVID-19 pandemic first struck the financial markets, as investors and companies stockpiled cash to survive the health crisis. You want the latest news about Crypto? Then follow us on Google News! At the same Read more …

Bitcoin (BTC) is heading for a bullish start to another week’s trading after shrugging off lower levels to hit $11,700. Cointelegraph takes a look at five things that could shape price performance in the coming days after BTC/USD saw little impact from both the Fed and futures settlements last week. Stocks put in higher highs In a classic continuation of the eerie post-coronavirus setup, stock markets are headed even higher on Monday. Despite the difficulties faced by many after months Read more …

Cryptocurrencies continue to remain the torch bearers of financial freedom during these uncertain times of the global economy. As a result, Decentralized Finance (DeFi) is seeing a huge demand in the market. Xtake.Finance is one such global DeFi ecosystem that simplifies the overall staking process for an average investor. Based on the XTK governance token, the Xtake platform provides linear and constant returns to its users. The platform also incorporates key concepts of yield farming or liquidity mining that are Read more …

The year 2020 has not been great so far as the global economy continues to reel under the blow dealt by the SARS-CoV-2 pandemic, causing a widespread slowdown. One of the most obvious indicators of troubled waters is the recent poor performance of the US Dollar – the reserve currency. As uncertainty surrounds fiat currencies and other financial assets, people are increasingly flocking towards precious metals and cryptocurrencies like gold and Bitcoin respectively, resulting in an increase in their prices. Read more …