Month: April 2021

On Thursday, Bitcoin Cash proponents were introduced to a new website that features a project called Smart Bitcoin Cash or Smartbch for short. Essentially, the project is a sidechain for Bitcoin Cash that is compatible with Ethereum’s EVM and Web3 API, which means people will soon be able to leverage decentralized applications (dapps) without paying lots of money for transaction fees. Bitcoin Cash Fans Introduced to a Unique Ethereum and Web3-Compatible Sidechain At the time of writing, Ethereum is the Read more …

For the first time, shares in Grayscale’s Bitcoin Trust traded at a discount compared to spot BTC for an entire month. Rafael Schultze-Kraft, the CTO of on-chain analytics provider Glassnode, shared the observation to Twitter on April 1, noting shares in the institutional fund manager’s Bitcoin Trust had traded at a notional discount of -6% on average during March. He noted the discount in Grayscale’s BTC shares has coincided with the launch of the Purpose Bitcoin ETF in Canada — Read more …

Billionaire Mark Cuban believes Ethereum is the closest thing we have to being a true currency and views Bitcoin as a better alternative to gold. The Shark Tank and Dallas Mavericks co-owner made the comments as a guest on a recent episode of the Delphi Podcast, where he noted that the growth of DeFi and NFTs had made him excited about crypto. He explained that “smart contracts and the fact that they’re decentralized” means “there’s no one in charge right Read more …

Bitcoin is one of the most interesting and powerful pieces of mathematical code out there, launched as an open source project by the mysterious Satoshi Nakamoto. In yet another one of the many ways math and mystery come together in relation to the cryptocurrency, its origins, and the underlying technology, the current peak in recent price action also just so happens to taken place perfectly at the golden ratio. But why? Math, Mystery, And So Much More: Crunching The Cryptocurrency Read more …

According to Bloqport’s latest data, bitcoin, which ended the month of March with an overall gain of 29%, has now been in the green for six consecutive months. The data also shows that the crypto asset’s value has nearly doubled from its December 2020 closing price of $29,383 to its current value of $58,647. With this run, bitcoin has already outperformed many other assets including gold. An Institution-Fueled Bull Run As shown by the research and analytics firm’s data, BTC’s Read more …

Distributed storage network project Filecoin is the talk of the town as FIL was the most highly traded token on Huobi, OKEx and Gate on Thursday. These three exchanges have a predominantly Chinese user base and represent a large part of the Tier One trading volume for major pairs. On Thursday afternoon, Huobi trading volumes of FIL were more than three times that of BTC as the price reached a 7-day increase of 170%. Filecoin has had strong success in Read more …

While bitcoin prices have been consolidating just under the $60k handle, a number of other alternative digital assets have seen steep gains. Two coins, in particular, the decentralized storage network filecoin token and the notorious meme token dogecoin have jumped well over 10% during the last 24 hours. On Thursday, April 1, 2021, otherwise known as “April Fool’s Day,” the popular cryptocurrency dogecoin (DOGE) jumped over 12% during the last 24 hours. The spike in price was immediately after the Read more …

Just a day after two decentralized finance powerhouses announced layer-two integrations via the Polygon sidechain, a major nonfungible token and gaming title has today followed suit. In a blog post this morning, NFT-powered virtual world and video game Decentraland announced a token bridge enabling users to move native MANA tokens to Polygon and back. At the time of publication, MANA is the 80th ranked token by marketcap and has risen 3750% on the year to $1.01, per Coingecko. This is Read more …

Investment fund manager 3iQ has partnered with Coinshares to launch a Bitcoin exchange-traded fund in Canada.  According to an announcement from 3iQ, the firm has filed a final prospectus for a Bitcoin (BTC) exchange-traded fund, or ETF, with the securities regulatory authorities in each of the 10 provinces and 3 territories of Canada. Pending regulatory approval, trading for the ETF is expected to begin in early April on the Toronto Stock Exchange. CoinShares CEO Jean-Marie Mognetti said the joint effort was Read more …

The fully diluted valuation of Filecoin (FIL), a digital payment and cryptocurrency system built on top of the InterPlanetary File System (IPFS), has reached $450 billion. Filecoin is a blockchain that enables users to rent unused hard drive space to store and retrieve data. Its model is similar to Snowflake, which completed the biggest software IPO in history in September 2020. If you’re excited about Snowflake, just wait until you learn about Filecoin — Barry Silbert (@BarrySilbert) September 16, 2020 Read more …

sponsored xSigma is a decentralized exchange for stablecoin swaps backed by a NASDAQ-listed corporation. In the first month since it was launched the DEX reached an impressive $112 million in total trading volume. xSigma developments continue with a Gas Cashback, a new roadmap, a staking pool being launched and a platform picked for Layer-2 implementation. xSigma DEX Sets New Records in First Month Backed by ZK International Group, a NASDAQ-listed and China-based corporation, xSigma launched its stablecoin DEX on February Read more …

After a rough start, Filecoin has managed to break into the top 10 leading cryptocurrencies by market capitalization. After overtaking Chainlink (LINK) and Theta Network (THETA), with a rally of 138% in one week and 418% in one month, FIL took over the tenth position. Founded by Juan Benet, creator of the InterPlanetary Files System (IPFS), and developed by Protocol Labs after receiving $257 million in its Initial Coin Offering, the platform has managed to attract a lot of attention Read more …