Source: Crypto Briefing Significant Correction in the Works for Oracle Projects Chainlink and Band More than $40 billion have flooded the cryptocurrency market in the past week, allowing Chainlink and Band Protocol to post massive gains. Now, it seems like these oracle tokens have reached exhaustion, indicating losses on the horizon. Chainlink Correction Incoming Chainlink […]
Source: Crypto Briefing India’s First Bitcoin Exchange Proposes Regulatory Sandbox Over Ban As regulators in India mull over a new Bitcoin ban, the country’s first crypto exchange, BuyUcoin, and industry leaders have come together to propose an alternative. Indian Government Balances Bitcoin Ban Founded in 2016, one of India’s first crypto exchanges, BuyUcoin, quickly became […]
Source: Crypto Briefing Aave Raises Million in Round Led by Blockchain.com Ethereum-based DeFi lending platform Aave raised $25 million during its latest venture capital investment round. Blockchain.com Leads Funding Several companies participated in Aave’s latest funding round, including Blockchain Capital, Standard Crypto, and Blockchain.com. The new funds will go toward extending the project’s reach. Aave […]
Source: Crypto Briefing Ethereum Gets Privacy-Focused Layer-2 Scaling Solution with Aztec 2.0 Aztec has announced the launch of a new scaling solution for the Ethereum network—Aztec 2.0. The startup, which focuses on privacy solutions for Ethereum, said the new version would utilize a zk-SNARK standard called PLONK to build a two-layer system for processing transactions, […]
Source: Crypto Briefing Another CME Gap? Why Bitcoin Traders Should Care Bitcoin’s rise towards the $11,500 level over the weekend has created a notable price gap on the BTC CME futures chart, leaving the possibility of a pullback in early-week trading to fill the gap. CME Gaps Point to Bitcoin Retracement CME gaps appear when […]
Source: Crypto Briefing BNB Was the Best Investment in Q3, Followed by Ethereum and DeFi Dubbed “Summer of DeFi,” CoinGecko’s Q3 2020 report reveals many reasons for a celebration in crypto. It also offers enthusiasts a few surprises. Spot market capitalization has risen by 31%, Bitcoin’s price spent most of its time above $10,000, and […]
Source: Crypto Briefing Elliptic Adds Full AML and CFTC Compliance to Singapore’s New Digital Dollar The recently launched stablecoin XSGD will implement strong regulatory assurances for users with their compliance partner, Elliptic. Xfers and Elliptic Add Full Compliance to Singapore Digital Dollar The partnership will assure customers and businesses that the currency cannot be used […]
Source: Crypto Briefing Cosmos Technicals Present Golden Profit Opportunity Cosmos looks ready to make gains after a two-month correction. But first, one technical indicator suggests that ATOM prices will drop further, giving traders a chance to get back into the market. On the Brink of a Short-Term Correction Cosmos has gone through an impressive rally […]
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Source: Crypto Briefing Ethereum Miner Revenues Triple from DeFi, Approaches Parity with Bitcoin This year saw drastic changes in the mining industry, with the halving and DeFi shaking up the sector. Ethereum miners saw their incomes triple since February, while revenues for Bitcoin miners fell by 30% following the halving. Ethereum Mining Approaches Profit Parity […]
Source: Crypto Briefing Technicals Show Tezos Prices Ready for an Impressive Upswing Tezos appears to be on the cusp of a major price movement. Technical indicators predict that a spike in demand could push XTZ prices close to its all-time high of $4.44. Tezos Prepares for Major Upswing Tezos experienced a steep correction after making […]
Source: Crypto Briefing Hegic v888 Launch Ushers in Staking and Liquidity Mining Opportunity Decentralized options platform Hegic today launched its beta mainnet following an audit from Peckshield. The launch marks the beginning of staking lots, allowing users holding 888,000 HEGIC tokens to begin earning lucrative rewards. Hegic v888 Adds Staking Rewards Hegic token holders with […]
Source: Crypto Briefing After Tether, ZK Rollup Adds Curve Finance for DeFi Implementation Matter Labs’ Layer 2 solution will enable smart contract capabilities on Ethereum using ZK rollups. Until now, Optimistic was the leading DeFi implementation. ZK Rollup Gets Ready for DeFi Curve Finance, a decentralized platform for stablecoin swaps, is the first to experiment […]
Source: Crypto Briefing DeFi Project Spotlight: Polkastarter, Polkadot’s Uniswap Polkastarter is a decentralized exchange (DEX) akin to Ethereum’s Uniswap. But as popularity for current DEXes has risen, many platforms have become cumbersome to use. Long wait times for trade execution, high slippage, and exorbitant fees were common this summer. These issues are primarily a function […]
Source: Crypto Briefing Bitcoin Edges Towards ,500 Less Than a Month Before U.S. Elections Bitcoin’s price has blown past $11,000, with a 6.53% increase in the last three days as anticipation of another bull run mounts. The move comes with the American elections just 23 days away. Bitcoin’s Technical Breakout Since the beginning of this […]
Source: Crypto Briefing Second Vulnerability in Bitcoin’s Lightning Network Discovered Developers have found a new vulnerability in the Bitcoin Lightning Network’s node software, according to a recently published disclosure notice. Few Details Have Been Revealed Lightning developer Conner Fromknecht disclosed the issue on Oct. 9 on the project’s mailing lists. The disclosure advises node operators […]
Source: Crypto Briefing The Graph Protocol Unveils Generalized Layer 2 Solution for Ethereum The Graph has announced that they are bringing a new open-source Layer 2 solution to their mainnet protocol, pending a security audit by Consensys Diligence. The solution was developed through a partnership with State Channels, Connext, and Consensys Mesh R&D. The Graph […]
Source: Crypto Briefing BitMEX CTO Samuel Reed Stakes Million on Upcoming Court Date BitMEX’s CTO, Samuel Reed, was arrested last Thursday and presented in a federal court in Massachusetts. He attended a court hearing regarding his indictment for violating the Bank Secrecy Act and failing to implement sufficient AML controls for U.S customers at BitMEX. […]
Source: Crypto Briefing Bitcoin, Ethereum, and XRP Attempt Come Back, Aiming for New Yearly Highs Bitcoin, Ethereum, and XRP look ready to break out following a month-long stagnation period. But first, these top cryptocurrencies must overcome a few serious hurdles. Bitcoin Eyes New Yearly Highs Bitcoin made headlines after Square Inc. announced a $50 million investment […]
Source: Crypto Briefing Brave Browser Leads New Global Privacy Standard Brave, the popular crypto-enabled web browser, has announced its involvement in a new privacy standard called Global Privacy Control. How It Works Global Privacy Control allows users to set a single setting in their browser, which instructs websites not to track, share, or sell their […]
Source: Crypto Briefing Cardano Plummets Ahead of Shelley, Rebound Expected Several technical indexes suggest Cardano sits in overbought territory, but there is a robust support barrier that should allow Ada to rebound. Strong Support Behind Cardano Cardano is set to transition to a proof-of-stake consensus algorithm on July 29. As the Shelley upgrade approaches, investors […]