Bitcoin (BTC) bears should watch out for a potential blow as the number of margined short positions on the Bitfinex exchange crashes by roughly 25%. The dataset dropped to 11,066 BTC as of 12:20 GMT Saturday, compared to 14,897 BTC at the session’s open. Meanwhile, the drop came as a part of a bigger downside …
Category archives: Trending Crypto news
Bitcoin interoperability platform Interlay raises $3M in seed funding
Interlay, a Bitcoin (BTC) interoperability project that first launched on Polkadot, has concluded a $3 million seed round to further develop its flagship decentralized finance product, marking another important capital raise in the blockchain industry. The funding will go towards supporting Interlay’s interBTC platform, which allows users to invest, earn and pay with Bitcoin on …
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Coinbase CEO Brian Armstrong Responds to Dogecoin Creator’s Bleak Outlook on Bitcoin and Crypto Industry
Coinbase CEO Brian Armstrong is responding to a viral tweetstorm from Dogecoin co-creator Jackson Palmer, who recently offered a bleak outlook on Bitcoin and the entire crypto space. Palmer, who created Dogecoin (DOGE) as a joke cryptocurrency with Billy Markus in 2013, asserted that crypto assets are designed to primarily “amplify the wealth of its …
Cardano Creator Charles Hoskinson Unveils Details on Crypto Project ‘Djed’
Cardano creator Charles Hoskinson says that his development company Input Output Global (IOG) has created its own stablecoin crypto. IOG describes the new coin, called Djed, as a “crypto-backed pegged algorithmic stablecoin.” ADVERTISEMENT “Djed [is] an algorithmic stablecoin protocol that behaves like an autonomous bank that buys and sells stablecoins for a price in …
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London Hard Fork Will Trigger ‘Enormous’ Run-Up in Demand and Value of Ethereum, Says ConsenSys Founder Joseph Lubin
ConsenSys founder Joseph Lubin believes that Ethereum’s value will surge, as he expects the leading smart contract platform to face exponential demand ahead of its August upgrade. In an interview with CNBC, Lubin says that his team is seeing a steep rise in interest from those who wish to build on the Ethereum (ETH) platform …
On the fence: If this is a crypto bear market, how long can it last?
It has now been three months since Bitcoin’s price peaked at an all-time high just shy of $65,000. For most of the last two months, Bitcoin (BTC) has been trading in the $30,000–$40,000 range, as much as 54% lower than its peak The downturn came at a time when many analysts were predicting exactly the …
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These Are the Most Popular Altcoins Among Crypto VC Firms and Hedge Funds: Report
Crypto research firm Messari is analyzing the most commonly held altcoins in the portfolios of crypto-focused venture capital firms and hedge funds. Messari assumes most of the funds hold Bitcoin and Ethereum – and for that reason excludes the top two crypto assets from its report. ADVERTISEMENT With BTC and ETH aside, the interoperability …
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How to get involved with crypto: The first step into blockchain industry
The cryptocurrency industry has grown immensely in the years since it began. Following Bitcoin’s (BTC) launch in 2009, an entire industry has sprung up and flourished around the innovative asset and its underlying blockchain technology. People have created thousands of crypto projects, numerous different blockchains and a number of different blockchain technological specifications and variants. …
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Hacker Group Anonymous Launches New Crypto Asset, Cites Elon Musk and China As Cause for Coin’s Creation
An infamous hacker group known as Anonymous is launching its own crypto asset in response to actions from China and tech billionaire Elon Musk. Originating in a 2003 message board on 4chan, Anonymous established its worldwide notoriety through a series of cyberattacks on several governments, institutions and corporations. ADVERTISEMENT The group notably carried out cyber …
A decentralized app store might lead crypto toward more centralization
The estimated windfall Apple got from its App Store in 2020 is $67 billion. That’s up from $50 billion in 2019, a 28% increase. Even as the company has lowered its commissions for smaller developers, the App Store remains a major component of Apple’s bottom-line profits. And it’s not just Apple taking a cut of …
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Whales Are Quietly Pouncing on Ethereum As Crypto Market Meanders, According to Analytics Firm Santiment
The largest Ethereum whales in existence are accumulating ETH as the asset’s price continues to tick downwards. Crypto analytics firm Santiment says Ethereum’s top 10 largest addresses went from owning as low as 18.46% of the total Ethereum supply after mid-May – when ETH achieved its all-time high – to 20.58% by July 13th. ADVERTISEMENT …
NEM, Augur and District0x price push higher while Bitcoin trades below $32K
Bitcoin (BTC) is on the verge of closing another week that saw the price dip closer to $30,000 but the same bearish observation cannot be made for all altcoins. On Friday, several smaller-cap altcoins managed to shake off the bearish assault and post-double-digit gains before traditional markets closed for the weekend. Data from Cointelegraph Markets …
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Altcoin Roundup: Data shows social metrics surge ahead of DeFi and NFT price rallies
A common saying in the investing world is “The trend is your friend,” a phrase that points to the idea that the majority of the time, sticking with the prevailing market trend will produce positive results. Some of the common metrics used to identify market trends include: technical analysis, which involves studying price charts to …
Harmony announces $1M hackathon aimed at merging traditional finance and DeFi
The Harmony blockchain has opened registration for a hackathon starting next month with more than $1 million in seed funding and prizes for participants. In a Thursday announcement on Twitter, Harmony said the hackathon would be focused on bringing in more people from traditional finance for challenges bridging their fields and decentralized finance. The protocol …
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Federal Reserve Chair Powell Emphasizes Substance Over Speed on Digital Dollar
The chairman of the US Federal Reserve, Jerome Powell, says he is focused on execution rather than speed when it comes to developing a US central bank digital currency. While testifying virtually before the House Financial Services Committee, Powell says the US dollar’s reserve currency status offers the digital dollar a first-mover advantage. ADVERTISEMENT …
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