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“# Top 5 cryptocurrencies to watch this week: BTC, ETH, XMR, VET, AAVE ” Bitcoin’s (BTC) price has been hovering near the $19,000 level for the past few days. Whenever the price consolidates near the all-time high, it is an indication of strength. However, the question troubling investors is whether Bitcoin will source enough momentum…
“# Did you fall for it? 13 ICO scams that fooled thousands ” Using blockchain technology, initial coin offerings have become an alternative means of acquiring funding for business projects using the new, evolving digital financial market for tokens. In contrast to initial public offerings, which are governed by strict legal regulations, ICOs require only…
“# Huobi Global looks to become key player in Polkadot ecosystem ” Two announcements from Huobi Global on Friday indicate that the cryptocurrency exchange is angling to become a key player in the growth of the Polkadot network. In a pair of blog posts, the Seychelles-based exchange announced a Polkadot Sponsorship program, as well as…
“# Price analysis 12/4: BTC, ETH, XRP, LTC, BCH, LINK, DOT, ADA, BNB, XLM ” A few years back, Bitcoin’s (BTC) price was controlled by whales as the crypto market lacked depth and was relatively illiquid. If whales were selling in unison, no one wanted to venture out and buy. Similarly, the whale’s concerted buying…
“# Hong Kong OTC trading firm acquires OMG Network ” Ethereum-based scaling platform OMG Network has been acquired by the venture subsidiary of Hong Kong-headquartered OTC trading firm, Genesis Block. The acquisition was announced on Dec. 3, with Genesis Block Ventures revealing plans to work with OMG to build “lending and trading platforms” for the…
“# Polkadot launches DeFi alliance with Chainlink and will let 1000 nodes bloom ” Polkadot has become the latest Ethereum competitor to launch a decentralized finance alliance. Announced on Dec. 3, the alliance aims to overcome the decentralized nature of the Polkadot ecosystem, providing a platform for its community to discuss using the Polkadot Network…
“# Ripple CTO says community could force the company to burn 48 billion XRP ” Ripple chief technology officer David Schwartz has admitted the company could be forced by validators to burn its 48 billion XRP tokens, regardless of if it agrees with the decision or not. The company currently holds half the total XRP…
“# 3 key ways 2021’s Bitcoin bull run may differ from 2017’s ” After a rather lengthy wait, Bitcoin price is finally back to the same price range it was in 3 years ago. Back in 2017, when the Bitcoin (BTC) price peaked near $19,900, most altcoins also posted 200% or higher weekly gains. Fast…
“# Yearn.finance mergers and sideways Bitcoin price propel DeFi tokens higher ” Yearn.finance has been busy announcing a slew of mergers in the past week and these have the DeFi space buzzing once again. Just after the Yearn and Pickle finance merger, Yearn has announced a partnership with Cream to launch Cream v2. Some of…
“# Bitcoin arrives on Wall Street: S&P Dow Jones launching crypto indexes in 2021 ” S&P Dow Jones Indices (S&P DJI), a joint venture between S&P Global, the CME Group and News Corp, will debut cryptocurrency indexes in 2021, it has confirmed. In a press release on Dec. 3, S&P Dow Jones Indices described Bitcoin…