Day: August 20, 2020

$50K Bitcoin Is ‘Reasonable’ if BTC Hits New Highs, Says Tone Vays

boss

Tone Vays, the well-known Bitcoin (BTC) derivatives trader, believes Bitcoin will stay above $10,000 for the rest of 2020.  At the start of the year, Vays said he was skeptical BTC would break $20,000 in 2021 but now he thinks it’s possible for the top cryptocurrency to overtake its record all-time high. If the price of Bitcoin surpasses $20,000 in the medium-term, Vays said history shows it tends to double. Based on the historical price cycles, he said the $45,000 to $50,000 range is a reasonable target. The historical cycle…

OKEx Adds Two More DeFi Tokens – DIA and PNK

boss

OKEx, the leading cryptocurrency spot and derivatives trading platform has announced the listing of two new tokens – DIA and PNK, belonging to Decentralised Information Asset and Kleros platforms, respectively. These latest listings further strengthen the trading platform’s role in promoting widespread usage of DeFi. Decentralised Information Asset (DIA) is a verified, transparent oracles platform that provides reliable data feeds while ensuring scalability. These feeds serve as inputs for DeFi applications across different verticals including lending & margin trading, derivatives, prediction markets, insurance, and benchmarks. The data is sourced from…

Blockchain Bites: Ethereum’s Fees, Bitcoin’s Pullback, Ren’s Great Week

boss

BlockFi has raised a Series A, B and C within a 12-month span, an ICO’s investors can’t find the people they’re trying to sue and stablecoin demand may become unbalanced by traders ditching a “market-neutral strategy.”  You’re reading Blockchain Bites, the daily roundup of the most pivotal stories in blockchain and crypto news, and why they’re significant. You can subscribe to this and all of CoinDesk’s newsletters here.  Top shelf Semper BlockFi?Crypto lender BlockFi closed a $50 million Series C led by Morgan Creek Digital and with participation from Peter Thiel’s Valar Ventures –…

YFI Price Passes that of Bitcoin as Yearn.Finance TVL Hits $800m

boss

Yearn.Finance (YFI) is a rising star within the DeFi sector, with the protocol seeing massive inflows of capital while the governance token’s price rockets higher. The growing publicity and hype surrounding this project has caused YFI’s price to surpass that of Bitcoin, seeing an over 3x return from its recent lows that were set just one week ago. The cryptocurrency’s uptrend isn’t showing any signs of wavering either, with hoards of new investors flooding in as hype begins mounting. Some community members are now even proposing that the token is…

Bitcoin News Roundup for Aug. 20, 2020

boss

With bitcoin taking a back seat to the DeFi boom and data platforms aiming for the moon, CoinDesk’s Markets Daily is back for your latest crypto news roundup! Bitcoin’s price could pull back even further should the dollar stage a full-blown recovery on the back of the latest Federal Reserve meeting.  OMG has more than doubled in the past seven days as record Ethereum fees lead investors to look more closely at layer 2 solutions.   There will be two blockchain voting pilots for Russia’s off-year election next month. Original

Yearn Finance Token Jumps 270% in 5 Days – Defi Token YFI Worth More Than a Single Bitcoin

boss

Decentralized finance (defi) continues to make waves this week, as the Yearn Finance project token (YFI) jumped over 270% during the last five days. The digital token is worth more per coin than the price of bitcoin today, as the asset is currently trading for $15,934 per YFI. It’s very rare to see another token price higher than the price of bitcoin (BTC) but during the last five days, the Yearn Finance token (YFI) jumped well above the BTC price per coin. The project developed by Andre Cronje is a…

BitFlyer Enters Hawaiian Market via Regulatory Concession

boss

BitFlyer entered into the Hawaiian market as the team considers Hawaii as a bridge between Japan and the U.S.  The Tokyo-based exchange bitFlyer has entered the Hawaiian market after taking advantage of a regulatory window that permits such companies to operate in the state. According to a statement released by the company on August 19, the state of Hawaii has set up a sandbox for blockchain firms to operate without the statutory financial license for a period of two years. BitFlyer: Why Hawaiian Market? The Chief Operations Officer (COO) of…

Ray Youssef of Paxful – Cointelegraph Magazine

boss

“I’m coining this term right here, right now,” Ray Youssef declares. “Financial Apartheid.” The CEO and co-founder of Paxful is on a mission. “It’s what has held Africa back more than anything else.” “How advanced would the United States be if you couldn’t send money from New York to Florida? From New York to California? From Oregon to Washington? It wouldn’t be the United States! It would be a mess of all these squabbling little city-states that can barely get it together.” Youssef is passionate about transforming the world by…

Japanese Lunar Lander Startup ispace Raises $28M in Series B Funding

boss

The Japanese startup ispace which is planning several lunar lander missions has raised about $28 million in a Series B funding round to help it prepare for several missions to the Moon in the coming years. A Japanese company that is planning several lunar lander missions has raised about $28 million in a Series B funding round. ispace is one of the startups working to put a private lunar lander on the Moon in the next few years. The acquired funds will enable the firm to complete the development of…