Widely followed crypto market analyst Benjamin Cowen is plotting a potential path for Cardano (ADA) to break out towards new highs. In a new video, Cowen tells his 561,000 YouTube subscribers that he anticipated a sideways lull in the market after ADA made a run to $2.50 from its 2020 low of just $0.02. ADVERTISEMENT …
Monthly archives: October 2021
Magic Internet Money races past $1B, sets sights on MakerDao
Abracadabra Money’s stablecoin Magic Internet Money (MIM) has surged past a $1 billion total supply this month as the project works to provide competition to MakerDAO. Abracadabra is a cross-chain stablecoin lending protocol that operates on Ethereum, Binance Smart Chain (BSC), Fantom, Avalanche, and Arbitrum. Along with MIM, the project also has a SPELL governance …
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NFTs offer a new way for society to ‘store culture’ says Animoca Brands CEO
Yat Siu, the co-founder and chairman of NFT game developer Animoca Brands, believes nonfungible tokens offer a new way for culture to be stored in the virtual sphere. In an interview with Cointelegraph, Siu argued that while the technology underpinning NFTs may be new, the desire to “store culture” has long been with us throughout …
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Amount of ETH held by miners reaches highest level since 2016
The amount of Ethereum that is being held by miners has reached record levels in U.S. dollar terms as they remain reluctant to sell. The balance held by Ethereum miners is the largest it has been since shortly after the network was launched five years ago. When converted into USD, it is at a historic …
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Globetrotting Binance looks to Ireland for ‘centralized’ headquarters
Under pressure from regulators around the world, major exchange Binance is looking to establish a headquarters in Ireland. Until now it has operated globally for years under what its chief executive, Changpeng Zhao (CZ) has described as a “decentralized” structure. An Oct. 6 report from Irish media outlet Independant noted that Binance had established three …
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FTX charges customer $1 million for transferring to wrong address
A blog post from Rekt has revealed that FTX, a leading centralized exchange, has charged one of its users around $1 million for helping him to retrieve a deposit made into a wrong address. FTX charged 15% instead of 5% According to the post, the trader made a wrong deposit of $6.3 million into Paxos …
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Salvadorans are buying more Bitcoin (BTC) than withdrawing from Chivo ATMs
A new tweet from El Salvador’s President, Nayib Bukele has hinted that the mass adoption of the leading digital asset, Bitcoin, in the country is still growing en masse as more money is being used to purchase the coin. Salvadorans keep buying Bitcoin According to the President’s tweet, “Salvadorans are inserting more cash (to buy …
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Moneygram Partners With Stellar Development Foundation to Allow Users to Make Remittances With USD Coin
Moneygram, one of the leaders in the cross-border payments and remittances market, has partnered with the Stellar Development Foundation to use the Stellar blockchain for settlements. The company will use the native version of USD coin (USDC), a popular stablecoin, to simplify and accelerate the process of sending remittances. This also means that Moneygram will …
George Soros’ Fund Holds Bitcoin, CEO Says Cryptocurrency Has Gone Mainstream
Soros Fund Management, founded by billionaire investor George Soros, has invested in bitcoin. The CEO of the asset management company says bitcoin is not just an inflation hedge: “I think it’s crossed the chasm to mainstream.” Soros Fund Management’s CEO Says Bitcoin Has Gone Mainstream Soros Fund Management, the asset management company founded by billionaire …
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JPMorgan: Institutional Investors Dump Gold for Bitcoin Seeing It as Better Inflation Hedge
Global investment bank JPMorgan says institutional investors are returning to bitcoin, seeing the cryptocurrency as a better hedge than gold. The firm’s analysts describe three key drivers boosting the price of bitcoin in recent weeks, including assurances that U.S. policymakers will not ban cryptocurrencies. JPMorgan Sees Renewed Interest in Bitcoin JPMorgan published a research note …
Hyperledger Fabric: Most Essential Features & Applications You Need to Know
What is Hyperledger? In order to expand and develop blockchain technology, certain tools and frameworks are required. Hyperledger is one of the blockchain frameworks which is popularly used in the Blockchain ecosystem. The process of developing blockchain applications and systems can be implemented using the open-source tools known as Hyperledger. It is done by collaborating …
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Function X (FX) and Wrapped Centrifuge (WCFG) are now available on Coinbase
Starting today, Function X (FX) and Wrapped Centrifuge (WCFG) are available on Coinbase.com and in the Coinbase Android and iOS apps. Coinbase customers can now trade, send, receive, or store FX and WCFG in most Coinbase-supported regions, with certain exceptions indicated in each asset page here. Trading for these assets is also supported on Coinbase Pro. …
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The Coinbase Ventures Guide to NFTs
Around the Block from Coinbase Ventures sheds light on key trends in crypto. In this edition, Justin Mart, Connor Dempsey, and Ejaaz Ahamadeen lay out what’s behind the growth of NFT markets. In 2020, a little over $200 million in NFTs changed hands. This February saw more volume than the entire year prior, with $340 million …
Meet The First Ever Polygon Ecosystem Index Token
Polygon continues to be a substantial force in DeFi. The protocol’s ease of use and lower fees have been major draws for developers, leading to a wide variety of new projects coming to life on the platform. Meanwhile, the folks over at Amun Tokens are working on DeFi index tokens left and right. In June, …
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Investors Expect Ethereum To Outgrow Bitcoin, According To CoinShares Survey
Investor interest in Ethereum is no longer a novel phenomenon. The second-largest asset by market cap has seen more support with the rise of decentralized finance on its ecosystem. Applications of Ethereum have been the major drive behind the growth of the cryptocurrency and institutional and individual investors alike see the asset outgrowing number 1 …
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