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“# Bullish cup and handle pattern sets Cardano (ADA) price up for a new ATH ” Smart contracts have been a revolutionary force in the blockchain industry because they have enabled the creation of decentralized finance protocols, nonfungible tokens and a new form of carrying out transactions without the need of a middleman. Cardano (ADA)…
“# Altcoins soar after Bitcoin price bounces off a key moving average ” The cryptocurrency market got off to a slow start on Aug. 19 after stimulus tapering talks from the U.S. Federal Reserve put pressure on global financial markets, but momentum within the crypto market picked up in the afternoon session as Bitcoin (BTC)…
“# Polygon will create a decentralized autonomous organization ” Ethereum scalability infrastructure developer Polygon said it will form a decentralized autonomous organization, or DAO, for all of its community members as well as projects in decentralized finance. In a Thursday announcement, Polygon called on its members to express their views on the platform forming a…
“# Bison Trails launches Binance Smart Chain support ” Bison Trails, an enterprise infrastructure provider for the blockchain and cryptocurrency industry, has extended support to developers of Binance Smart Chain — a move the company says will contribute to the health and security of the rapidly growing DeFi sector. Through Bison Trails, developers on Binance…
“# Dune Analytics opposes $25M Uniswap grant to competitor ” Disclaimer. This article has been updated to include comments from both Dune Analytics and Flipside Crypto as well as the fact that the governance vote has flipped in favor of those against the grant allocation. Dune Analytics, a decentralized finance (DeFi) analytics service, has voiced…
“# Avalanche Rush to give out more than 180M in DeFi incentives ” Smart contract platform Avalanche has announced a $180 million liquidity mining incentive program, named Avalanche Rush. The program aims to encourage more applications and tokens to move to Avalanche’s decentralized finance (DeFi) platform, according to the release. It’s set to follow a…
“# Quant, Arweave and Avalanche soar while Bitcoin searches for support ” The cryptocurrency market once again entered a period of uncertainty on Aug. 18 as the price of Bitcoin (BTC) struggled to find momentum below $46,000 and large-cap altcoins pulled back slightly. Several projects did manage to buck the trend and post double-digit gains…
“# Vitalik thinks token-based decentralized governance is holding DeFi back ” Ethereum co-founder Vitalik Buterin has taken a deep dive into token-based decentralized governance, suggesting that existing voting mechanisms are flawed and may be holding the DeFi sector back from realizing its full potential. In a lengthy blog post published Aug. 16, Buterin stated the…
“# Treasury Dept. wants to ‘capture DeFi’ with infrastructure bill: Jake Chervinsky ” The last-minute cryptocurrency provisions added to the U.S. infrastructure bill sought to “capture DeFi,” argues Compound’s general counsel Jake Chervinsky. Appearing on the Bankless State of the Network podcast on August 17, Chervinsky — who is also DeFi Chair of the Blockchain…
“# Analysts say this key metric suggests an altcoin season is at hand ” Bitcoin’s (BTC) 65% recovery from sub $29,500 on July 20 to a swing high at $48,200 on Aug. 14 took less than a month and helped bring fresh bullish momentum back to the crypto market and traders who were dreading the…