The growth of layer-two protocols has been one of the major stories of 2021 as the rising popularity of decentralized finance (DeFi) and nonfungible tokens (NFT) have driven transaction costs higher on the Ethereum (ETH) network effectively pricing out many participants. Earlier this year the Polygon network, formerly known as MATIC, emerged as one of
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Cardano has now lost its spot at the 3rd place on the crypto top 10 as its price had refused to move in accordance with the broader crypto market. While other altcoins had rallied alongside bitcoin, ADA had remained mostly stagnant. Despite the hype created around the project when smart contracts capability was launched last
After closing its best highest week since its inception, the bulls remain in control of the price of Bitcoin. At press time, BTC’s price trade at $61,386 with a 3.8% profit in the daily and a 12.3% profit in the weekly chart. BTC moving sideways in the daily chart. Source: BTCUSD Tradingview In the crypto
One of Venezuela’s major international airports is making preparations to start accepting Bitcoin as a mode of payment. The Simón Bolívar International Airport has announced arrangements for BTC, DASH, and Venezuela’s oil-pegged crypto token – petro – for airport services. Preparations To Adopt Cryptocurrency As Payment Previously, Venezuelan regional news broadcasting company, El Siglo, reported
The day the crypto traders have long-awaited is almost here. At the opening bell on Oct. 19, a ProShares futures-based BTC ETF is scheduled to launch and analysts are predicting that additional ETFs will rollout over the coming week. Data from Cointelegraph Markets Pro and TradingView shows that an early morning attempt by bears to
The United States Department of the Treasury has issued a review on sanctions and suggested the government do more to develop its infrastructure and policies in regards to digital assets. In an Oct. 18 report, the Treasury Department said the growing use of digital assets was hampering the implementation of sanctions while balancing funds from
Some traders have said that Filecoin (FIL) has lost its momentum because its current price at $64 is more than 70% below its all-time high at $238. However, this decentralized data-sharing platform is showing signs of increasing adoption and this could cause the FIL token price to accelerate its current uptrend. The FIL token is
Nonfungible token (NFT) marketplace Rarible has introduced a new functionality titled “lazy minting” that promises users the ability to create nonfungible tokens at zero cost — all while enhancing environmental sustainability on the platform. Instead of the traditional method whereby data is stored on the blockchain immediately after minting, Rarible announced Monday that, under its
The Ethereum supply shock has been growing as exchange reserves continue to decrease and value staked in ETH 2.0 contract rises. Ethereum Supply Shock: Exchange Reserves Go On Decreasing While ETH 2.0 Staking Contract Grows In Value As pointed out by a CryptoQuant post, ETH exchange reserves have been decreasing while the coins locked in
Bitcoin price is back at levels from earlier in the year, but has yet to set a new all-time high. Last night’s weekly candle close still came with a new broken record for price: the highest weekly candle close in the cryptocurrency’s history. Will the bullish weekly close lead to new highs? If so, will
ProShares Bitcoin Strategy ETF will enter the history books on Oct. 19 when it starts trading on the New York Stock Exchange under the ticker BITO. Market participants are likely to watch the volumes on the ETF closely to gauge the amount of participation from institutional investors. If the response is tepid for a few days,
Bitfury, one of the world’s largest companies in the blockchain industry, is mulling a potential initial public offering, or IPO, as part of the company’s global growth plans, the company’s CEO confirmed to Cointelegraph. “As Bitfury and its portfolio of companies continue their global expansion in the digital assets space, Bitfury will be considering an
ArpaChain, a secure computation network compatible with blockchain, uses an MPC protocol that creates ways for multiple entities to collaboratively analyze data and extract data synergies while keeping each party’s data input private and secure. Earlier this year, Arpa joined the commission on Blockchain technologies and the crypto economy of Russia. The development team also
Publicly-listed cryptocurrency and blockchain investment firm Tokens.com has announced a landmark agreement to acquire a 50% stake in metaverse real estate firm Metaverse Group in a deal worth in excess of $1.6 million. Tokens.com is expected to capitalize on the purchase — reportedly the highest purchase of a virtual real estate firm — through the
Even with Bitcoin price on the verge of a new all-time high, the cryptocurrency market projects an aura of anxious optimism on Oct. 18 as investors await the official launch of the first Bitcoin (BTC) exchange-traded fund (ETF) which is set to begin trading on Oct. 19. While the market waits for the historic ETF
Bitcoin (BTC) has barely started its run to new all-time highs if its relative strength index (RSI) repeats historical behavior. As noted by popular Twitter analyst TechDev on Oct. 18, the RSI has yet to produce macro top signals for BTC/USD. RSI falls far short of classic macro top zone Bitcoin has kept the market
Bitcoin whales are not slowing down on their accumulation tour despite rising prices. Bitcoin has now hit $62K for the first time in five months and the market has rejoiced over this milestone. With more growth expected in the coming weeks, investors are making sure that they do not miss out on what the digital
Institutional inflows into cryptocurrency products rose last week, as investment managers increased their exposure to Bitcoin (BTC) and leading altcoins, according to the latest CoinShares report. Total assets held by institutional managers reached $72.3 billion for the week ending Sunday, Oct. 17, the highest level on record. By comparison, institutional crypto holdings were worth $57
SINGAPORE, Oct. 18, 2021 – Global cryptocurrency trading platform, Gate.io, announced a partnership with decentralized financial data provider, Pyth network, to provide reliable cryptocurrency pricing data on the platform. “Providing users with accurate and reliable cryptocurrency price data is one of our top priorities at Gate.io. Over 6 million users around the world rely on
LONDON, Oct. 18, 2021 — Following the launch of its deflationary BEPR token, Blockchain Euro Project (BEUROP) is preparing to establish its first product: a DeFi crypto trading and marketing platform for developing blockchain industry startups. What is BEUROP? BEUROP is a European blockchain-powered company that focuses on making cryptocurrency startups transparent, efficient, and reliable.
Lushsux’s street art is celebrated by Banksy and Beeple; his NFTs have made millions; and he has a landmark auction planned for a “major auction house” next March — but he’s still very much a man of the people. The artist is showing me around his studio warehouse in inner-city Melbourne but gets concerned when
The Shiba Inu (SHIB) market is in a very strong bull market in 2021, and one major continuation pattern on its longer timeframe charts highlights the scope for an additional 90% upside move ahead. In detail, SHIB rose over 1,250% year-to-date (YTD) to establish the yearly high at $0.00003528 (data from Binance) on Oct. 8.
Trading has commenced for Grayscale Zcash Trust, Grayscale Stellar Lumens Trust, and Grayscale Horizen Trust New York, Oct. 18, 2021 (GLOBE NEWSWIRE) — Grayscale Investments®, the world’s largest digital currency asset manager, today announced that Grayscale® Zcash Trust, Grayscale® Stellar Lumens Trust, and Grayscale® Horizen Trust (the Trusts) have begun trading on the OTCQX® Best Market, the top tier
+$50-Million Dollars, Gone In A Flash He was on our Discord channel. Actually trash-talking the entire community. Having just stolen +$50-Million dollars worth of XHV, our protocol token, it was more than shocking to see. The entire core team was working at lightning speed to patch the exploit that this hacker had found, alongside a
The increased development and investment in DeFi means that there is a constant stream of new products and ways for users to engage with the DeFi community. This also means more research is required into what protocols are offering and what services are available. One such aggregator, Feeder Finance, offers a user-friendly interface that supports
Fractional ownership of buildings and property developments is becoming one of the adoption areas for blockchain technology in the real estate business. From democratizing access to real estate investment to improving liquidity in the market, there is an argument to be made for tokenization being a net positive for the real estate space. Tokenization via
The first Bitcoin (BTC) futures-linked exchange-traded fund (ETF) in the United States, ProShares’ Bitcoin Strategy ETF, will begin trading on the New York Stock Exchange (NYSE) on Oct. 19 under the ticker BITO. ProShares CEO Michael Sapir said the launch marks an important milestone for cryptocurrency ETFs in the United States following several years of
Amid the ongoing growth in cryptocurrency adoption worldwide, countries like Indonesia and Chile have seen a significant influx of public interest in cryptocurrencies like Bitcoin (BTC), according to new data. According to an Oct. 15 report by Australian blockchain education startup Coinformant, Indonesia has been leading the world in crypto interest dynamics in 2021. The
We all knew artificial intelligence (AI) was going to interact with the web3 world. What most of us didn’t know, was how exactly that will happen. But, the guys at Alethea AI did (Need I say more?). Alethea AI is a decentralized protocol that’s designed to create intelligent and interactive Non-Fungible Tokens (iNFTs). An iNFT
Gaming platforms are choosing sides on blockchain, cryptocurrencies and nonfungible tokens (NFTs) within their respective ecosystems. Following reports of Valve banning crypto and NFT-related games on Steam, its primary competitor, Epic Games Store showed a welcoming attitude for blockchain developers and the use of crypto in video games. Epic Games CEO Tim Sweeney said that
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