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“# Altcoin Roundup: Layer-one protocols chip away at Ethereum’s dominance. ” The rise of decentralized finance and nonfungible tokens has transformed the blockchain ecosystem and generated near unimaginable riches for investors, but none of this would be possible without the strong foundation offered by layer-one blockchain networks like Bitcoin and Ethereum. Smart contracts and layer-two…
“# Price analysis 8/27: BTC, ETH, ADA, BNB, XRP, DOGE, DOT, SOL, UNI, LUNA ” Asset managers and companies currently hold over 6% of Bitcoin’s (BTC) circulating supply, according to Buy Bitcoin Worldwide. A breakdown of the data shows Bitcoin fund issuers and asset managers hold about 4% of Bitcoin’s supply, public companies account for…
“# Bitcoin price stages a comeback as 3 indicators reflect BTC’s strength ” Bitcoin (BTC) price is still 4.4% down from its Aug. 23 high at $50,500, leading some traders to question whether the local top marked the end of the recent 34-day long bull run. Even with the current correction, derivatives data and the…
“# The new episode of crypto regulation: The Empire Strikes Back ” The latest news has left the decentralized finance community in a collective fetal position. Responding to the threat of increased regulatory oversight, leading decentralized exchange Uniswap recently restricted the trading of certain tokens. Earlier in July, Dan M. Berkovitz, chairman of the Commodity…
“# Nomura offers customers token subscription service for a luxury Italian restaurant ” Japan’s largest financial brokerage Nomura Holdings Inc. has launched a subscription service offering customers the opportunity to purchase and trade food dishes at a high-end Italian food delivery service. The blockchain-based security tokens represent four luxury food parcels from Japanese chef Masayuki…
“# Cuba set to recognize and regulate cryptocurrency ” The Cuban government is reportedly planning to recognize and regulate cryptocurrencies for payments. According to Aljazeera, the Caribbean nation’s central bank will establish rules for mainstreaming cryptocurrency transactions. Cuban authorities are also expected to distribute relevant licenses to businesses based on the crypto-related services they provide….
“# Analysts say Bitcoin price pullback and profit-taking at $50K ‘was expected’ ” The euphoria seen across the cryptocurrency ecosystem over the past couple of weeks was tampered down on Aug. 26 as an early morning attempt by bulls to push the price of Bitcoin to $50,000 was soundly rejected. Data from Cointelegraph Markets Pro…
“# Altcoins sell-off while exchange listings boost COTI and Conflux Network ” Bears pressed harder on the market today after Bitcoin (BTC) continued its pullback to an intra-day low at $46,250 and altcoins nursed near double-digit losses. While most of the market is seeing red a few altcoins managed to notch notable gains due to exchange…
“# Major hotel in Swiss Alps now allows crypto payments ” After four years of debate, a five-star hotel in a luxurious area of the Swiss Alps is prepared to accept Bitcoin (BTC) and Ether (ETH) as payment from guests. According to an Aug. 26 report from Swiss news outlet Blick, guests at the Chedi Andermatt…
“# Chainlink (LINK) looks for momentum while pro traders target $40 ” Chainlink (LINK) is the leading oracle provider, and the project has onboarded over 281 crypto projects in 2021. Some of these include heavyweights like Huobi’s ECO Chain, the Hedera Governing Council, and Alchemix. Launched in Oct. 2020, Chainlink’s verifiable randomness function, or VRF,…