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“# Crypto industry must keep scammers from stealing another $16 billion ” Unsuspecting investors have lost $16 billion by buying into crypto projects they thought would be the next best thing. And that money is nearly impossible to recover. As the crypto industry established itself as a disruptor of currency and technology and as Bitcoin…
“# Ethereum derivatives data suggests traders expect prices above $2,000 ” After marking a new $1,477 high on Jan. 24, Ether’s (ETH) price was shaken down to $1,206 on Jan. 27. But according to derivatives markets, bulls remain confident that $2,000 is still within reach. The neutral-to-bearish put options open interest above $1,360 is irrelevant,…
“# OKEx to accelerate Bitcoin transactions with Lightning Network ” Global cryptocurrency exchange OKEx is moving to cheaper and faster Bitcoin (BTC) transactions with its upcoming Lightning Network integration. According to a Feb. 2 announcement, OKEx’s Bitcoin Lightning Network will be integrated “in the coming quarter,” making OKEx a participant node in the Lightning Network….
“# ConsenSys and Securosys launch new long-term Ether staking protocol ” ConsenSys, a New York-based Ethereum software company, has partnered with a cybersecurity firm by the name of Securosys to launch a more secure staking solution for Eth2. The new product, dubbed Codefi Staking, provides “institutional staking tools for Ethereum 2.0,” whose beacon chain launched on…
“# Algorand names 11 blockchain startups for its first accelerator program ” The Algorand Foundation, the research body behind smart contract protocol Algorand, has selected 11 startups for its inaugural accelerator program, a move that could enhance innovation on the emerging blockchain network. The 11 startups selected by Algorand Europe Accelerator are focused on payments…
“# Winklevoss’ Gemini crypto exchange launches ‘Earn’ offering ” Gemini cryptocurrency exchange has launched an interest-earning program for customers in the United States. Dubbed Gemini Earn, the program lets customers earn up to 7.4% annual interest on all cryptocurrencies supported by Gemini, the firm announced Tuesday. The platform supports 26 cryptos like Bitcoin (BTC), Ether…
“# CryptoQuant CEO says Coinbase Bitcoin outflows are a ‘bullish signal’ ” Recent Bitcoin (BTC) outflows from Coinbase are reminiscent of the “proof-of-keys” days and could be a sign of a bullish future, according to CryptoQuant CEO Ki Young Ju. Data from the cryptocurrency analysis firm shows that more than 15,200 BTC, currently worth over…
“# Bitcoin price is sideways, silver hits a 7-year high and XRP’s rally pops ” Bitcoin (BTC) price spent the day trading in a tight range between $32,000 and $34,000. At the time of writing, the digital asset is pinned below the descending trendline resistance and each attempt to cross above it is met by…
“# Price analysis 2/1: BTC, ETH, XRP, DOT, ADA, LINK, LTC, BCH, BNB, XLM ” Tesla CEO Elon Musk recently voiced his support for Bitcoin (BTC) during a chat with Clubhouse. Musk said that his friends tried to onboard him to the Bitcoin bandwagon as early as 2013, but the world’s richest man did not…
“# What short squeeze? Here’s what is really behind XRP’s recent 170% rally ” Between Jan. 30 and the early hours of Feb. 1, XRP price pumped 147%, reaching $0.76 which is its highest level in two months. The move seems to have been fueled by r/Satoshistreetbets, an off-shoot of r/Wallstreetbets. It seems that speculative…