Traders bought $720 December call options as Ethereum price rallied 17% this week, but what’s the likelihood of ETH rallying another 160%? Since the start of the week Ether (ETH) has gained more than 17% and the gains appear to be connected to increasing stablecoin use and the rise of DeFi applications. As reported by […]
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Many altcoins could pick up momentum If Bitcoin and Ethereum break above key resistance levels in the coming days. Since March central banks have been printing money aggressively in order to combat the economic downturn brought about by the coronavirus pandemic. Philip Lowe, the governor of the Australian Reserve Bank, has warned against the consequences […]
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Texas ups its aspirations to become the go-to place for crypto in the U.S., forming a new blockchain council and highlighting the state’s mining capabilities. Everything is bigger in Texas, and now the state with the second-largest geographical area in the United States is aiming to prove that it can lead the way in blockchain […]
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Most major altcoins have witnessed profit booking as traders become cautious about the future of Bitcoin’s price. Gold continues to trade near its nine-year highs as investors hedge their portfolio against a possible devaluation of the U.S. dollar due to the expansive monetary policy of the Federal Reserve. Bitcoin (BTC), which has long been forecast […]
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Super users on DeFi platforms soared 20% in Q2, while bot usage has also increased. Massive growth in decentralized finance over the past three months has been accompanied by a big increase in the number of ‘super users’ who dominate the sector. Along with the prevalence of trading bots, it has raised questions over the […]
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President Moon Jae-in wants to allocate billions of dollars to strengthen industry 4.0 technology. The South Korean government plans to invest over $48.2 billion in Blockchain and other Industry 4.0 technologies by 2025. The nation’s goal is to promote the digitization of all industries in the coming post-pandemic era. According to ZDNet Korea, President Moon […]
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Yield farming is driving a boom in DApp and DeFi use, but user experience improvements will be key for future adoption in the next five years. From CryptoKitties to Compound, decentralized applications and decentralized finance have become increasingly popular in the blockchain space, but the sector has gone through a fair share of teething problems […]
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Although the cryptocurrency industry still has many needed improvements, it nevertheless seems to be on an upward trajectory. There is no doubt that cryptocurrency — specifically Bitcoin (BTC), which is frequently used as a barometer for the health of the entire sector — has made a comeback. As of the writing of this article, Bitcoin […]
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Love it or hate it, a piece of performance art is now in permanent residence on the Ethereum blockchain. So is it worth watching? As Cointelegraph reported, earlier this week a quarantine-inspired performance art film called HOW ARE WE was hashed and minted into a non-fungible token on the Ethereum blockchain. The project also minted […]
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Tezos price looks ripe to follow in Chainlink’s footsteps for a massive rally and even new all-time highs given the correlation of these two cryptocurrencies. Altcoins have been taking the spotlight as massive surges are seen across the board. Some have been making 1,000% moves or more as Aave (LEND) and Zilliqa (ZIL), for example. […]
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