Day: September 7, 2020

Blockstream’s Liquid pushes for DeFi with new decentralized exchange

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A decentralized exchange built on the Liquid network is opening for early access on Monday. Called TDEX, the project has announced its entry into an Open Alpha stage. It’s being built by Sevenlabs — a firm that provides consulting and white-labeling services in addition to its current work. The exchange provides a fairly unique twist to the Automated Market Makers currently dominating on-chain exchange volume. The TSWAP protocol used by the exchange focuses on ad-hoc atomic swaps, a way of conducting a trade between two counterparties without intermediaries.  Unlike AMMs,…

Brock Pierce and Blockchain Capital Sues Florida-Based Company for Copyright Infringement

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Brock Pierce and his business partners are suing Blockchain Capital Management LLC (BCM) for copyright infringement. Together with Bart Stephens and Bradford Stephens, Brock Pierce co-founded Blockchain Capital in 2013. Blockchain Capital filed a complaint with the District Court of Florida against Blockchain Capital Management LLC for using the same name to conduct business. Though the latter thrived mainly in the financial sector, plaintiffs said that operating under the same name would bring about confusion in official documents and day-to-day transactions. In the complaint, Blockchain Capital expressed that it would…

Price analysis 9/7: BTC, ETH, XRP, LINK, BCH, DOT, BSV, BNB, LTC, CRO

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Bitcoin and altcoins could consolidate in a tight range for a few days before making the next decisive move. Corrections are healthy for the strength of an uptrend because they shake out the excess exuberance and provide an opportunity to the traders who missed the bus earlier to make an entry at lower levels. About 68 crypto investors did the same thing when they used the recent dip to purchase anywhere between 1,000–10,000 Ether (ETH).  Buying against the prevailing short-term negative sentiment during a correction is not an easy task…

Ryanair Moves to Sell Eurobond to Scale Effect of COVID-19 Pandemic

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Shortly after getting 400 million euros from selling the new stock the previous week, Ryanair now plans to raise $592 million in a five-year eurobond sale. Ryanair Holding Plc (LON: RYA) is planning to sell its first Eurobond since 2017. With this, the company hopes to weigh investors’ willingness amid massive airline debt caused by the coronavirus pandemic. According to unnamed sources, the Irish carrier will announce a potential five-year bond to investors on Monday. The chief financial officer (CFO) Neil Sorahan will lead the call as the company plans…

Just Eat Takeaway with BitPay Provide Bitcoin Payment Option in France

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Just Eat Takeaway is now accepting Bitcoin payments for food deliveries in France. Through its website, Just Eat revealed that it will not charge any fees for the payments in BTC. Just Eat Takeaway.com has begun accepting Bitcoin payment options for its online food ordering and home delivery business in France. According to the details provided by the crypto industry media outlet Decrypt, the company anticipates using live crypto metrics provided by BitPay, a bitcoin payment service provider headquartered in Atlanta, Georgia, United States. This is a strategic move especially…

Bitcoin Crossroads Made Clear By Two Remaining Lines in The Sand

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After such a strong break of $10,000 and surge to above $12,000, Bitcoin investors are shocked to be back again at the key level rather than onward to more new highs. But with $10,000 acting as such strong resistance for so long, the market may be retesting this critical zone to confirm it as support. At the same time, Bitcoin is retesting downtrend resistance as support and was rejected from a multi-year trend line, now acting as resistance. With the cryptocurrency at such a crossroads, what does passing beyond any…

OneSwap Launches AMM Order Book Hybrid DEX System, Public Beta Now Live

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The blockchain technology underlying cryptocurrencies has evolved over the past few years to create a whole new Decentralized Finance (DeFi) movement. In simple words, DeFi is a collection of alternative financial services that are analogues to traditional products like savings, loans, trading, insurance, etc., built over blockchain technologies. Among all, trading has emerged as the strongest use case for DeFi, mostly due to the rising number of cryptocurrencies and the price volatility associated with them, among others. Making efficient trading on DeFi applications possible is Automated Market Makers (AMM). One…

Tech Mahindra Offers to Construct Solutions on Amazon Blockchain

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Tech Mahindra announced it was teaming up with Amazon Web Services (AWS) to build solutions based on blockchain technology. The company will introduce blockchain solutions built on Amazon Managed Blockchain to global customers. Indian multinational technology company Tech Mahindra Ltd intends to make and expand an exhibit of blockchain solutions regarding the Amazon.com Inc (NASDAQ: AMZN) Managed Blockchain during the next 12 to 18 months. According to reg recent reports, this tech behemoth decided to partner with Amazon Web Services and a few other organizations in order to deliver its…

Bitcoin is Conducting a “Bullish Retest” as It Hits Critical Support Level

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Bitcoin is ardently attempting to hold above $10,000, as this crucial psychological support level has been broken and reclaimed on multiple occasions throughout the past several hours. Earlier today, the cryptocurrency showed some significant signs of weakness as it pushed below this level, with bears sending it as low as $9,900 before it saw a sharp rebound that led it all the way up to $10,100. It has been facing some resistance here, however, with bulls struggling to garner any clear upwards momentum as heightened selling pressure persists. That being…

Bitcoin price charts hint at double-bottom, relief rally to $10,800

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Last weekend was incredibly rough for most cryptocurrency investors as massive sell-offs occurred. The price of Bitcoin (BTC) dipped below $10K several times but seems to have found short-term support at this level.  The primary question for the markets is whether a relief rally is around the corner or further downside movement is expected.  Let’s take a look at the charts to determine what might happen next.  Crypto market daily performance snapshot. Source: Coin360 Bitcoin clings to $10K as a psychological support level BTC/USDT 1-day chart. Source: TradingView The psychological…