Day: August 17, 2020

Chainlink Developer Activity Almost Double Bitcoin’s In the Last Year

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Reflective of its dominance both on the partnership and price action fronts, Chainlink hot streak continues as developers continue to submit commits on GitHub, enhancing the platform’s features.  Chainlink’s Developer Activity According to CryptoMiso on Aug 17, the number of Chainlink’s GitHub commits stood at 4,189 from 51 contributors, nearly doubling Bitcoin’s at 2,152 from over 100 contributors in the last year. Data relayed from software repositories are used to determine the strength of a project.  Even though there might be a dedicated developer fund for incentivization of contributors willingly channeling their…

5 Things to Know This Week

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Bitcoin (BTC) starts a new week at the upper end of its new price range near $12,000 — will the market finally crack it this week? Cointelegraph takes a look at five things to consider when working out where Bitcoin is headed in the coming days.  S&P 500 nears all-time highs… again Unlike previous weeks, macro markets and their impact on Bitcoin are back in the spotlight on Monday. China leads the way, with its stocks rallying to near their highest levels in two years on news that the People’s…

Why Tap Global Will Become Next Big Crypto Payment Card

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Tap Global lets users convert their crypto into some of the most used fiat currencies: USD, Euro, Pound Sterling, and AUD is coming soon. The conversion happens at the best rates too.  Tell me something: what’s the use of holding a bag of gold if you can’t spend it? Gold is meant to be spent. It’s meant to be frittered away on good food, wine, and the spices of life. Do you have a bag of gold you can’t spend? Bitcoin is digital gold, we’ve heard it said time after…

Bitcoin, Ether, and XRP Weekly Market Update August 17, 2020

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The total crypto market cap added $9.3 billion to its value for the last seven days and now stands at $373.7 billion. The top 10 currencies were mostly in green for the same period with ChainLink (LINK) and EOS (EOS) leading the group with 38.4 and 25.6 percent of increase respectively. By the time of writing bitcoin (BTC) is trading at $11,791 while ether (ETH) moved up to $420. Ripple’s XRP is hovering around $0.298. BTC/USD Bitcoin moved down to $11,687 on Sunday, August 9, and closed the seven-day period…

Tron (TRX) Jumps 10% And Technicals Suggest More Upsides Above $0.03

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Tron price rallied over 10% and it surpassed the $0.0250 and $0.0260 resistance levels against the US Dollar. TRX is currently correcting gains, but it is likely to continue higher towards $0.0300. Tron price is gaining bullish momentum above the $0.0260 resistance against the US dollar. The price traded to a new weekly high at $0.0289 and it is currently correcting lower. There was a break above a key ascending channel with resistance near $0.0264 on the 4-hours chart of the TRX/USD pair (data source from Bitfinex). The pair is…

Bitcoin DeFi May Be Unstoppable, What Does It Look Like?

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One of the quietest yet best-funded bitcoin companies in the world is gearing up to enter the 2020 decentralized finance (DeFi) bull run.  In July the DG Lab conglomerate, which like Ethereum powerhouse ConsenSys includes both an investment arm and an adjacent software company, open sourced its proposal for self-sovereign derivatives trading on the Bitcoin blockchain, using the Lightning Network.  These contracts turn bitcoin, the asset itself, into programmable money capable of a wider variety of functions.  This offers a stark contrast to the typical DeFi approach so far, which…

Flipstarter Campaign Aims to Raise Funds for Viral Bitcoin Cash Marketing

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Bitcoin Cash supporters are a passionate bunch and the CEO of Bitcoinbch.com, Hayden Otto is an extremely impassioned BCH supporter. Otto has initiated a fundraising effort toward Bitcoin Cash marketing by leveraging the nonscustodial Flipstarter platform. The fundraiser aims to raise 650 BCH ($194,900) in order to fund a viral marketing campaign that highlights the many benefits of a peer-to-peer electronic cash system. Hayden Otto from the web portal Bitcoinbch.com has invoked a fundraiser in order to raise bitcoin cash (BCH) funds to start a viral marketing campaign for the…

Ripple (XRP) Price Holds Strong at $0.30: A Strengthening Case for Upside

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Ripple is trading in a positive zone above the $0.2920 support zone against the US Dollar. XRP price is likely to continue higher if it clears the $0.3055 resistance zone. Ripple gained bullish momentum and settled above the $0.2920 pivot against the US dollar. The price is currently struggling to clear $0.3055, but it is well above the 100 hourly SMA. There is a key bullish trend line forming with support near $0.2960 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start a…

Bitcoin Hash Rate Hits Record Average High With $12K Price in Sight

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As the price of Bitcoin continues to meet resistance passing $12,000, its hash rate has hit a new all-time high. Data from Blockchain.com confirms that on Aug. 15, Bitcoin’s seven-day average hash rate reached a new peak of 129.075 EH/s. The achievement comes after two weeks of fairly stagnant hash rate growth, with the previous record set on July 28.  Bitcoin 7-day average hash rate. Source: Blockchain The hash rate is an estimate of how much computing power miners are devoting to processing Bitcoin (BTC) transactions. A higher average suggests…

There’s Likely Only $3.5b Locked in Ethereum DeFi, Not $6b

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When analysts try and gauge the success of Ethereum’s decentralized finance projects, they often look to the “total value locked” metric. Just today, the metric, up around 1,000% since the start of 2020, surpassed $6 billion for the first time ever. Many Ethereum bulls hailed the achievement of this milestone as a testament to the success of ETH and its applications. But according to a new analysis by an Ethereum-focused investor and developer, the $6 billion figure is a misnomer. Here’s why. Related Reading: Crypto Tidbits: MicroStrategy’s $250m Bitcoin Purchase, Ethereum…