Retail investors are buying into Bitcoin, says CryptoQuant CEO. In the days preceding Bitcoin’s latest rise in price, stablecoins went wild, exhibiting some largely unprecedented behavior. Stablecoins: all stablecoins inflow transaction and address count of all exchanges. Source: CryptoQuant. On October 18, stablecoins moving to exchanges reached record highs of 60,000 and 56,000 respectively, according […]
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PayPal coming to crypto is big news for adoption, says the investor. Galaxy Digital CEO and multi-millionaire Mike Novogratz recently hopped on CNBC Squawk Box for an interview, detailing the importance of PayPal’s upcoming 2021 Bitcoin (BTC) launch. “I think that’s, in some ways, the shot heard around the world on Wall Street,” Novogratz said […]
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Bitcoin is showing signs of profit booking, resulting in a slight downturn in altcoin prices. PayPal’s crypto announcement acted as a trigger that drove Bitcoin (BTC) price to a new 52-week high. During such news-based events, traders holding short positions are caught off guard and are forced to cover their trades, resulting in the type […]
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These week’s news highlighted how governments test new regimes for cryptocurrency, which can be slow but are certainly some kind of progress. A line from immortal comic strip Calvin & Hobbes goes “a good compromise leaves everybody mad.” When it comes to laws governing crypto, authorities are usually asking for pretty major compromises because they […]
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Russia’s digital ruble will not have the same level of anonymity as cash, says official. Elvira Nabiullina, the head of the Bank of Russia, argued that there is a line between anonymity and privacy regarding the circulation of an upcoming digital ruble. Speaking at a press conference on Oct. 23, Nabiullina said that Russia’s digital […]
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A lot of trust is required to put money in Harvest Finance. Harvest Finance, a decentralized finance project that succeeded in attracting over $1 billion in funds locked has an admin key that gives its holders the ability to mint tokens at will and steal users’ funds. As noted by auditing companies PeckShield and Haechi, […]
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Low latency is essential for high-end cryptocurrency traders, but not all exchanges can offer it. We’ll explore why it’s important and where to find it. How is this changing cryptocurrency? Many believe that lower latency should make markets more efficient, but others worry HFT gives certain players too much of an edge. Lower latencies will […]
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Decentralized music sharing service Audius has raised nearly $10 million so far. Binance, the world’s largest cryptocurrency exchange, is funding a major decentralized audio streaming service through its investment and incubation arm. According to an Oct. 23 announcement, Binance Labs led a $1.25 million extension round for Audius, a blockchain-enabled streaming service that connects music […]
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Bitcoin and Ether see a strong bullish sentiment, but confidence in DeFi starts to shake. With Bitcoin price successfully punching through the $12,000 barrier after PayPal announced that it would be venturing into digital assets, October is delivering on the excitement that September failed to provide. And with on-chain and market data continuing bullish signs […]
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Quantstamp’s audit is crucial to ensure a smoothly operating blockchain. One of the first audits of a decentralized finance project connected with the Polkadot (DOT) blockchain is set to be carried out by blockchain security firm Quantstamp. The project, Equilibrium, had first announced its plans to develop an interoperable protocol on Polkadot in summer of this year. […]
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