Decentralized Applications (DApps) on the Ethereum network recorded over 1.2 million new users in 2019. Continuous growth of the ETH ecosystem is an essential fundamental factor for its long-term price trend. Report shows there is fast growth everywhere for Ethereum The main area of parabolic growth for Ethereum throughout the past year has been Decentralized Finance (DeFi). In the years ahead, industry experts forecast DeFi to be the biggest driver of Ethereum adoption. Alongside DeFi, the solid growth rate of DApps is a crucial fundamental factor for ETH in the…
Day: January 21, 2020
Bitcoin Trading Volumes Boom amid Growing U.S.-Iran Tensions
As the world remains in crisis over the recent conflicts between the U.S. and Iran, looking at Bitcoin price, we can say that the major cryptocurrencies experiences one of the best weeks in recent years. Bitcoin Trading Volumes through the Roof in 2020 Bitcoin has been around for a while and has seen its ups and downs, leaving the public constantly questioning the direction this popular cryptocurrency will go next. We have seen incredible spikes in value as well as quick drops, which has left many investors choosing to stay…
Canada Forges $130,000 Development Deal for Steel-Tracking Blockchain
The Canadian government has awarded enterprise blockchain startup Mavennet a procurement contract for the development of an on-chain steel-tracking platform. Innovation, Science and Economic Development Canada (ISED), a government agency with the mandate to foster technology innovation, published a procurement award on Nov. 12 that will fund the R&D project for six months with 169,427 CAD(about US$130,000). The goal, as set out by ISED, is for Mavennet to build a blockchain proof-of-concept prototype that can track and share real-time data across the supply chain in the Canadian steel industry that…
Turkish City Developing Crypto and Blockchain Solutions for Public Services
Konya, the city of the world-famous poet Rumi, might not come to mind when talking about technology, especially blockchain and cryptocurrencies. As one of the major cultural centers of Turkey, Konya is known for its rich history, gorgeous mosques, and historical sites.ย But that has not stopped the Anatolian city from setting up its “Science and Technology Valley,” under the umbrella of Konya Science Center, and building a team to apply blockchain to municipal services.ย First revealed by Konya Metropolitan Mayor Uฤur ฤฐbrahim Altay during a local smart city congress…
Are BitMEX Bitcoin Whales Starting to Dump? One Trader Sells $10m
Whales on the worldโs largest bitcoin margin trading platform BitMEX are selling large amounts of BTC. After the rejection at $9,200, investors are seemingly moving towards hedging their holdings to brace for a bigger pullback. According to a platform that reports unusually sizable sell orders on BitMEX, many whales sold millions of dollars worth bitcoin in the past 24 hours. BitMEX $BTC Whale:$10,000,000 worth of #Bitcoin sold at $8,655.18 01:47:54 2020/01/20| ๐ฐ๐ฐ๐ฐ๐ฐ๐ฐ๐ฐ๐ฐ๐ฐ๐ฐ๐ฐ๐ฐ๐ฐ๐ฐ๐ฐ๐ฐ๐ฐ๐ฐ๐ฐ๐ฐ๐ฐ๐ฐ๐ฐ๐ฐ๐ฐ๐ฐ๐ฐ๐ฐ๐ฐ๐ฐ๐ฐ๐ฐ๐ฐ๐ฐ๐ฐ๐ฐ๐ฐ๐ฐ๐ฐ๐ฐ๐ฐ๐ฐ๐ฐ๐ฐ๐ฐ๐ฐ๐ฐ๐ฐ๐ฐ๐ฐ๐ฐ๐ฐ๐ฐ๐ฐ๐ฐ๐ฐ๐ฐ๐ฐ๐ฐ๐ฐ๐ฐ๐ฐ๐ฐ๐ฐ๐ฐ๐ฐ๐ฐ๐ฐ๐ฐ๐ฐ๐ฐ So scared right now โ WhaleTrades ๐ณ (@WhaleTrades) January 20, 2020 One particular whale, which refers to an…
These Online Stores Are Bitcoin Only
The number of stores that accept cryptocurrencies such as BTC and BCH is growing. But while such stores will accept bitcoin alongside existing fiat payments, a handful operate in reverse. These online shops are bitcoin only and theyโve no intention of accepting fiat currency โ ever. Also read: How Is Bitcoin Cash Different From Bitcoin Core? Your Filthy Fiatโs No Good Here In a world where everyone used bitcoin, shopping would be much more private. Thereโd be no risk of card fraud, no credit scores, payment blacklisting, or geo-restrictions. We…
Bitcoin Price Wonโt Go Down Quietly: Risk of Bounce Grows
Bitcoin is currently consolidating above the key $8,500 support area against the US Dollar. BTC price could start a fresh rally if it clears the $8,800 resistance area. Bitcoin price is confined in a range above the main $8,500 support against the US Dollar. The bulls are facing hurdles near the $8,760 and $8,800 resistance levels. There is a key contracting triangle forming with resistance near $8,720 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could either rally above $8,800 or start a downside…
Bitcoin Price Won’t Go Down Quietly: Risk of Bounce Grows
Bitcoin is currently consolidating above the key $8,500 support area against the US Dollar. BTC price could start a fresh rally if it clears the $8,800 resistance area. Bitcoin price is confined in a range above the main $8,500 support against the US Dollar. The bulls are facing hurdles near the $8,760 and $8,800 resistance levels. There is a key contracting triangle forming with resistance near $8,720 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could either rally above $8,800 or start a downside…
Bitcoin.com Releases SLP Indexer Server for High Performance Token Services
Bitcoin.com is releasing the open source SLP Indexer Server for validating Simple Ledger Protocol tokens as part of its commitment to the development of the token ecosystem. The tool is designed to make SLP token transactions perform as fast as BCH and empower developers to create even greater projects on the Bitcoin Cash network. Also Read: How to Create Custom SLP Tokens With the Bitcoin.com Mint Bitcoin.com Introduces SLP Indexer to Developers Bitcoin.com SLP Indexer is a tool that can validate an unconfirmed SLP transaction in around 1 ms. The…
Ripple (XRP) Just Reversed and $0.25 Is Imminent, Hereโs Why
Ripple tested the key $0.2240 support area and recovered against the US Dollar, similar to bitcoin. XRP price is showing positive signs and it could rally to $0.2550 if it breaks $0.2420. Ripple price is recovering nicely from the $0.2240 support area against the US dollar. A key inverse head and shoulders is likely forming with support near $0.2320. There is a major bearish trend line forming with resistance near $0.2415 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start another rally towards…