Day: August 5, 2020

Cardano Continues Building Steam by Concluding Project Renovare

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The Cardano Foundation has unveiled a new-look website as part of its brand repositioning. This forms part of a company-wide initiative, called Project Renovare, to rebrand Cardano as it moves into the smart contract phase of development. In a blog post, PR and Communications team member Elliot Hill said the move was more than just updating the look. Rather, it’s also part of a strategy to grow the community and drive the adoption of Cardano. “… it is vital that both Cardano and the Cardano Foundation brand become synonymous with…

Bitcoin Price Rebounds to $11.6K as VIX Is ‘Extremely Bullish’

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Bitcoin (BTC) soared past the key technical resistance level of $11,500 and past $11,600 on Aug. 5 as a fresh round of bullish sentiment canceled out more of last weekend’s plunge. Cryptocurrency market daily snapshot Aug. 5. Source: Coin360 Data from Coin360 showed BTC/USD reaching four-day highs of $11,650 at press time on Wednesday, having gained over 4% in the past 24 hours. BTC/USD 1-day chart. Source: Coin360 Excitement remains palpable for Bitcoin, which has spent the week slowly patching up losses after it fell $1,200 from highs of $12,000…

How Blockchain Benefits From Artificial Intelligence

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From performing simple commands on smartphones using Alexa or Siri to high-end technical operations in big tech firms, one thing is sure: Ease is a necessity in the modern human experience. The 21st century has marked a rapid advancement of technology in every aspect of human life and interactions. Despite being around for many decades, the replication of human intelligence in machines — artificial intelligence — has now become popularized. With many tech companies rushing to adopt the technology, the market size is expected to grow to $126 billion in…

Ethereum 2.0 and EOS Crossing Swords Over Scalability Supremacy

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When the EOS network launched in 2018, it looked to be one of the biggest contenders to Ethereum (ETH) — not just in terms of providing a scalable development platform for decentralized apps, or DApps, but also in terms of a well-funded project with great support, and one that could rival Ethereum as the second-ranked cryptocurrency. So far, while EDApps OS is definitely a worthy competitor, it’s hard to argue that it has toppled Ethereum, which houses almost nine times more DApps on its platform than EOS, according to State…

Crypto Price Analysis August 5: BTC, ETH, LTC, XRP, BCH

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A long-expected growth of volatility finally came and a lot of cryptoassets left their respective sideways channels. Dmitriy Gurkovskiy, a senior analyst at foreign exchange broker RoboForex, provides his vision of the possible tendencies in price changes for Bitcoin as well as for other major cryptos. Right now, they are steadily growing and demonstrating excellent dynamics. On shorter times frames, many assets are forming different patterns in favor of further bullish tendencies. For bulls, it’s very important to break these patterns’ upside borders if they want to continue their rally towards…

Binance’s BNB Hits 5-Month High on $3M IEO Announcement; What’s Next?

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BNB, the native token of Binance crypto exchange, extended its rally on Wednesday to hit its five-month high. The latest upside move came after Binance Launchpad announced its support for a $3 million IEO by the Sandbox Game. It flipped BNB above a crucial resistance level, with an analyst predicting a bullish continuation towards an $80 valuation. Binance exchange’s native token BNB reached $23.81 a unit for the first time since February 2020. Traders moved into the world’s ninth-largest cryptocurrency following Binance Launchpad’s announcement to conduct a token sale for…

Coinbase Follows Huobi in Supporting .Crypto Domains-Based Payments

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Coinbase Wallet, a service of the largest crypto exchange in the United States, now supports “.crypto” domains via an integration with blockchain domain provider Unstoppable Domains. Coinbase users can now send payments to each other by simply typing a .crypto domain instead of using long-form cryptographic addresses, Unstoppable Domains told Cointelegraph on Aug. 5. By introducing the new integration, Coinbase Wallet joins major crypto exchange Huobi, which announced a similar feature in late June.  Brad Kam, co-founder of Unstoppable Domains, says that Coinbase Wallet is the first platform to offer…

Pasta Producer De Cecco Adopts VeChain My Care Framework

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De Cecco, the world’s third-largest producer of pasta, becomes the latest firm to join the VeChain ecosystem by adopting the My Care methodology. It becomes Italy’s first major food manufacturer to integrate the solution. Source: twitter.com VeChain Provides Solution to Pandemic Fears The company’s adoption of My Care is a strategy designed to counter the risks of contagion arising from the pandemic situation. According to Google, worldwide deaths have reached 692k, and the number of new cases in the last two months is continuing to rise. Source: google.com With that,…

Indian Lawmakers Reportedly Discussing Bitcoin, Crypto Ban — Again

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Indian policymakers are discussing a new law to permanently ban the trade of Bitcoin and other cryptocurrencies in the nation, reported Moneycontrol on Tuesday. Ban Bitcoin, Once Again The Indian cryptocurrency market cannot seem to catch a break. Its government has gone back-and-forth on cryptocurrencies at least five times yet, and it does not seem to be stopping any time soon. Just yesterday, a report stated lawmakers are reading their latest ban on cryptocurrency trade in the emerging economy, even as local trade volumes for Bitcoin have increased significantly in…