Day: April 20, 2020

5 Things That Will Impact the Crypto Market This Week

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Bitcoin (BTC) maintained $7,000 despite strong resistance on April 20 as oil crashed through fresh support levels towards $10. Heading into what promises to be a choppy week for traditional markets, here are five things to watch for Bitcoin traders in the coming days. Cryptocurrency market daily overview. Source: Coin360 BTC price resistance Data from Coin360 and Cointelegraph Markets showed some rare calm for BTC/USD as the week began. The pair circled $7,190 at press time, having lingered inside a $300 corridor over the weekend. Bitcoin has now maintained $7,000…

Documentation Engineer Protocol Labs – Blockchain News, Opinion and Jobs

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Listed in: Blockchain Jobs. The Filecoin Project seeks a Documentation Engineer to help define and build elegant, performant, and resilient systems for tomorrow’s web by leading documentation efforts for Filecoin. Documentation at Protocol Labs and Filecoin Engineering at Protocol Labs is not just about writing world-class code, it is also about documenting that code and making it easily usable by other projects in the open source decentralization community. Great documentation is much more than just an API reference and some tutorials. It is an entire end-to-end user journey, from a…

Bitcoin Q&A: The economics of mining pools

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io What are the economics of mining pools? How much profit do they make? Is it possible that certain wallets are collaborating with mining pools to propagate there … ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

DYdX’s Generates $1B in DeFi Loans Over One Year

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Decentralized finance — of DeFi — lending protocol dYdX has produced more than $1 billion in loans since launching one year ago. The milestone was driven by consecutive monthly all-time highs during February and March of more than $250 million and $400 million respectively. Nearly 317,000 transactions have been generated across the lending platform. The lending platform currently comprises the seventh-largest DeFi protocol with $22.7 million in locked assets according to DeFi Pulse. DYdX represents nearly 3% of all value locked in decentralized finance. DYdX also notes that its native…

XRP Army Shrinks as Liquidations Passed $263M in 2019

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According to a quarterly report, online engagement towards XRP on Twitter fell in Q1 2020, while Ripple was forced to liquidate many of its holdings to stay cash flow positive. The report, by social trading and investing platform eToro in partnership with analytics and finance management startup The Tie, indicates that the number of Twitter users discussing XRP fell by 16% in the first quarter of 2020. Meanwhile, the number of users in the “XRP Army” — supporters of the cryptocurrency — has declined 82% since January 2018. XRP losing…

Ripple (XRP) Is Primed To Rally Past $0.20: Here’s Why

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Ripple is forming a strong support base above $0.1850 against the US Dollar. XRP price is likely to continue higher and it might surge above the $0.1980-$0.2000 resistance zone. Ripple price likely to remain well bid above the $0.1850 support area against the US dollar. Two key hurdles are forming on the upside near $0.1980 and $0.2000. There is a key bullish trend line forming with support near $0.1900 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to rise and it might…

Ethereum Hesitates But Further Gains Seem Likely Towards $200

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Ethereum is trading nicely above the $175 support area against the US Dollar. ETH price is showing a lot of positive signs and it could continue to rise towards $188 and $195. Ethereum corrected lower and tested the main $175 support area. The price is currently rising and trading above the $180 pivot level. There is a major bullish trend line forming with support near $178 on the hourly chart of ETH/USD (data feed via SimpleFX). The pair is likely to accelerate higher once it clears the $185 and $188…