Day: July 17, 2020

Aave (LEND) Mounts 1,500% YTD; What’s Pumping This DeFi Token?

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Aave, an Ethereum-based peer-to-peer lending platform, has emerged as one of the top investments in 2020. On Friday, the project’s native token, LEND, was trading 1,500 percent higher on a year-to-date (YTD) timeframe. Its parabolic rally appeared following a long string of positive fundamentals, including a $3 million inbound investment. Aave has reached the moon before its top cryptocurrency rival, Bitcoin. The Ethereum-based peer-to-peer lending platform allows users to earn interest on deposits and borrow assets with a stable or variable interest rate. At the core of Aave’s business model…

‘Wonder Woman’ Illustrator Jose Delbo to Release Comic Book on the Blockchain

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Kapow! Watch out superhero fans, noted comic book illustrator Jose Delbo is releasing limited-edition art on a blockchain-based platform. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link

Bancor Invites Bounty Hunters to Peek Into Its Code Ahead of V2 Launch

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As the launch of Bancor V2 draws close, the team is inviting the community to take a look at its code and report any vulnerabilities they may find. On Friday, the project released the code for the Bancor V2 smart contracts, which feature a variety of improvements that help both the users and liquidity providers of the protocol. At the same time Bancor is also launching a bug bounty program to incentivize the community to find bugs ahead of the launch.  While third party audits are also ongoing, the bounty…

Investors Are Dumping Compound Token as Soon as It Gets Listed

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A report by Flipside Crypto states that investors are liquidating their Compound (COMP) holdings as soon as the opportunity presents itself; with major exchange listings acting as catalyst. COMP flows. Source: Flipside Crypto. Exchange listings led to dumps The report states that as soon as COMP was getting listed on major exchanges like Binance (BNB) or Coinbase, there were observing major flows from the investors to exchanges. In addition, there was allegedly a larger transfer made from “the Compound team to DeFi. This correlates with the unannounced listing of COMP…

Top Spanish Banks Finalize Trial of Payments Using Smart Contracts

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Multinational banking giant Banco Santander and four Spanish banks have successfully finalized a proof-of-concept for payments using smart contracts. The PoC was coordinated with IberPay, the company that oversees the Spanish Payment System. Trial confirms blockchain’s feasibility for payments In a statement on July 15, IberPay said the PoC had “confirmed the feasibility of applying blockchain technology to the field of payments” and its successful connection to the national payment system. Using smart contracts automates the execution and settlement of payments once certain pre-conditions are met. Alongside IberPay and Banco…

First Mover: Why Bitcoin Traders Couldn’t Give a Sat About the Twitter Hack

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Cryptocurrency traders yawned at one of the year’s biggest news stories for bitcoin, with prices barely budging as the digital-asset industry became a primary victim of this week’s massive hack on Twitter accounts. The notoriously volatile bitcoin slid just 0.8% to about $9,100 on Thursday after slipping a meager 0.7% on Wednesday as the news hit. That’s in a market where it’s not uncomon, at least until recently, for prices to swing 8% in a day.   You’re reading First Mover, CoinDesk’s daily markets newsletter. Assembled by the CoinDesk Markets Team, First Mover starts your…

Where, Oh Where Has Bitcoin Volatility Gone? Part 2

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At the same time that volatility and short-term implied volatility have been sucked out of the market, longer dated options (six months or so until expiration) are still pricing closer to their historical average volatility in the 70% range. This steepness in implied volatility term structure suggests one of two things: Investors expect that this period of low volatility will be transitory and that a catalyst in the next couple of months will once again rock markets, or perhaps sellers of options are just not willing to make a longer-term…

Bitcoin’s Active Supply Hits 19 Month Low — Is It Bullish or Bearish?

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Bitcoin’s (BTC) active supply has hit a 19-month low of just over one million Bitcoin. This could signal a potential strong price increase if it plays out in line with the findings of a report from asset manager Stack Funds earlier this month.  Bitcoin active supply. Source: Glassnode Consistent with the 2017 bull run The active supply saw a sharp increase earlier this year with a 16% increase in less than three weeks to over 1.3 million Bitcoin. Looking at the 90-day moving average over the last three years, this…

JNJ Stock Up 0.67%, Johnson & Johnson Wants to Begin Late-Stage Vaccine Trial in September

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Johnson & Johnson (JNJ) stock price is rising as the company is moving forward with its vaccine trials. Johnson & Johnson (NYSE: JNJ) is set to begin late-stage COVID-19 vaccine trials in September. It will be ahead of schedule. Meanwhile, Johnson & Johnson also indicated that its phase one trial should start next week. 1000 participants are expected for it.  At the time of filing this report, in the pre-market, Johnson & Johnson (JNJ) stock price is $149.60 (+0.23%) and yesterday the stock closed at $149.25 (+0.67%). It comes as…

Credits Blockchain: From Patent to Growth & Expansion

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On July 16, 2020, Credits company announced that it obtained a patent package for technological processes that can improve conditions of decision-making within the decentralized network. This is a specific niche of the company whose activities are aimed at providing unique payment services that combine traditional and new solutions. Credits is an open-source and decentralized blockchain platform for the development and execution of smart contracts and decentralized applications. The project offers public and private solutions suitable for B2C and B2B markets eliminating the problems of trust and uncertainty. A feature…