The DeFi-led rally in Ethereum’s ether token looks to have spilled over into the bitcoin market, one analyst said. Original
Bitcoin Price Logs Two-Month High Above $10,000
Day: July 26, 2020
Blockchain-Based Smart City Project LImestone Plans for Token Listing
Limestone Network, a Singapore-based blockchain project for building smart cities, has announced on July 23 it will list its native token-LIMEX on Bitrue crypto exchange for trading. According to the report, LIMEX will integrate an entire smart city’s applications such as property management, retail malls, payments, financial services, transportation, parking, F&B and entertainment, to create an intelligent urban ecosystem. Leverage blockchain for data management and privacy Limestone Network started with a 100-hectare private development project in Phnom Penh, the capital city of Cambodia. It plans to have 10,000 tenants and…
Ether Price Hits 2020 High: Key Reasons Why ETH Outperforms Others
The price of Ether has hit a new yearly high at $322, as three key factors appear to be catalyzing the rally. The price of Ethereum (ETH) has reached a new yearly high at $322, surpassing the previous high achieved in February 2020. Three key catalysts are seemingly behind the ETH rally. Since early 2020, the anticipation of Ethereum 2.0, which would enable staking for users, pushed the demand for ETH upward. Staking allows users to receive incentives when miners are eliminated from the Ethereum network. A proof-of-stake consensus algorithm…
Clear Governance Key for Enterprise Blockchain to Move Forward
A clear governance structure within a decentralized ecosystem is the key for enterprise blockchain to move away from uncertainties said Mark Radcliffe, a partner at global law firm DLA Piper who has extensive experience in blockchain governance, in an interview with Cryptox. Freedom of decentralization and governance Radcliffe argues that blockchain is an industry that attracts highly individualistic people who are skeptical of authority. However, he believes collaborative frameworks will be essential for the success of blockchain implementation and tokenization, just as they have been for open-source software. He added…
BSN ‘Split’ Can Stimulate China’s Blockchain Sector Toward Global Reach
Launched in April 2020, China’s Blockchain Service Network was designed to serve as a hosting platform for small and medium-sized businesses as well as independent entrepreneurs alike. The network seeks to provide developers with a wide array of tools to devise various novel blockchain applications, thus enabling the creation of a standardized blockchain ecosystem across various public networks, regions and business sectors. However, less than three months after deployment, the BSN has split into two separate entities — BSN-Chain and BSN-International — reportedly after disagreements arose around the network’s members…
Title Token for Blockchain Estate Registry, Part 1
Since 2015, the blockchain industry has generated a variety of economic concepts and supported them with relevant technologies: initial coin offerings, initial exchange offerings, security token offerings, data access object, permissioned ledgers, stablecoins, decentralized finance, etc. In a short time frame, some of these went all the way from their heydays to oblivion. Emerging concepts, like DeFi, and corporate stablecoins, e.g., Libra, are at risk of repeating this trajectory. Let’s be honest — the wishful dreams of many enthusiasts about global tokenomics are unlikely to happen in the nearest future.…
Bitcoin Breaks $10K and 3 Weeks Before One BTC Prediction
Written by John P. Njui July 26, 2020 Quick take: Bitcoin has bulldozed the $10K psychological price level before dropping back to $9,900. This move by Bitcoin had been predicted by Timothy Peterson of Cane Island Alternative Advisors. His prediction had set a mid-August date for Bitcoin breaking $10K. BTC has achieved this feat 3 weeks ahead of schedule. The VISA, Mastercard, Paypal and OCC news could be behind Bitcoin’s bullishness. Sundays are usually slow days in the crypto markets with many traders expecting sideways movement from Bitcoin (BTC) or…
Popular Indian Youtube Channel Hacked to Promote Bitcoin Giveaway Scam
Following the massive Twitter breach that saw many high-profile accounts tweet about a bitcoin giveaway, a popular Indian Youtuber now claims that his Youtube channel was hacked for the same purpose. Hackers replaced some content in Carry Minati’s videos to promote a bitcoin giveaway. Popular Indian Youtube Channel Taken Over to Promote Bitcoin Giveaway Scam Ajey Nagar, also known by his channel name Carry Minati, announced on social media Friday that his Youtube channel with 6.7 million subscribers was hacked. “My channel Carryislive has been hacked, need immediate assistance,” Minati…
Electric Vehicle Manufacturer Li Auto Set to Raise Up to $950 Million in IPO
Li Auto, a Chinese electric car manufacturing company, is going to raise up to $950 million in an IPO. The funds will be allocated for the company’s research. Despite the growing U.S.-China economic war fueling tensions between the two countries, some companies are defying the situation to tighten their business grip. Among these sets of companies is Chinese electric auto manufacturer Li Auto which is set to go public in the U.S. come July 30. The 5-year-old automaker lans to raise $950 million in the Initial Public Offering (IPO). This…
DeFi Tokens Lead to Ethereum Price Rally, ETH Crosses $300 Mark
Ethereum (ETH) price jumped to over $300 in a major rally as the Ethereum network sees a significant surge in daily transactions. The price rally comes as the developers plan to launch the Ethereum testnet on August 4. The massive surge in the DeFi activity on the Ethereum blockchain network has ultimately pushed its price higher. The Ethereum (ETH) price has surged over 9% in the last 24 hours. At press time, ETH is trading at a price of $309 with a market cap of $34.6 billion. With this, Ethereum…