SushiSwap, one of the latest decentralized finance, or DeFi, projects to overtake the Blockchain space, has turned a major page in its short life span. As of September 9, the protocol has officially completed a migration over to its own decentralized exchange platform. “Done,” SushiSwap head Sam Bankman-Fried said in a tweet at 3:10 p.m. EST, concluding a thread about the project’s migration. Several hours prior to the transition’s completion, Bankman-Fried laid out plans for the migration on Twitter, subsequently posting updates throughout the day, which included testing and specified individual…
Day: September 9, 2020
Ethereum Foundation announces $3.8M in new grants
The Ethereum Foundation has announced that over $3.8 million in grants will be awarded to teams working on the Ethereum blockchain. In a Sept. 8 post published on the Ethereum Blog, the Ethereum Foundation, or EF, announced that it has given grants to teams as part of its ecosystem support program during Q2 2020. The categories included teams focusing on community and education, cryptography and zero-knowledge proof, or ZKP, developer experience, Ethereum 2.0, and Layer 2. The $3,884,000 funds will go to 28 companies and researchers, including blockchain advisory firm…
‘My heart is crypto’ — Dave Portnoy says he’s back into Bitcoin trading
Dave Portnoy, the founder of Barstool Sports, is coming back to Bitcoin (BTC) after abruptly abandoning trading digital currencies when his Chainlink (LINK) investment went belly up. In a recent video, Portnoy said his “heart is crypto” and would make a return to the cryptocurrency market soon. The internet personality, who became a popular day trader after the coronavirus pandemic, entered the Bitcoin market on Aug. 14 after meeting with avid billionaire Bitcoin investors Cameron and Tyler Winklevoss. After receiving a quick refresher on what crypto is and how to…
Blockchain’s demographics seem to be shifting in surprising ways, says new report
People in their 20s and 30s now appear to make up the majority of crypto traders worldwide. This represents a shift away from previous numbers, which indicated not so long ago that people in their 30s and 40s made up Blockchain’s main demographic. According to a Sept. 7 report from BitFlyer, the biggest crypto exchange in Japan by trading volume, the ratio of its users in their 20s doubled in the EU, Japan, and the United States compared to data from 2018. In the U.S., BitFlyer traders in their 20s…
Chainlink May Be Coiling Up for a Push to $16 as Buyers Defend Key Support
Chainlink bulls have been ardently defending against a decline beneath $11.00 throughout the past day, signaling that this level has been flipped into support. This is an incredibly positive technical development, as it indicates that the asset may soon be able to post significantly further gains in the near-term, using this support as a launchpad. The strength seen by both Bitcoin and the rest of the crypto market today is also creating a tailwind that may allow LINK to push higher and recapture some of its recent losses. It is…
Crypto markets ‘between a rock and a hard place,’ Peter Brandt says
Peter Brandt, long-time trader and CEO of proprietary trading firm Factor LLC, recently gave his thoughts on the current crypto market, describing the price action stuck between two difficult giants. “Bitcoin and Ethereum — those really, for me, is where the game is played,” Brandt told Cointelegraph in a Sept. 9 interview when asked about his thoughts on Bitcoin for the days and months ahead. As the two largest market cap assets in the crypto space, BTC and ETH each hold a large following, with their actions indicative of market…
Market Wrap: Bitcoin Makes Headway to $10.3K; Ether Volatility Highest Since May
Bitcoin is eking out gains Wednesday while ether’s volatility is up on DeFi drama. Bitcoin (BTC) trading around $10,299 as of 20:00 UTC (4 p.m. ET). Gaining 2.7% over the previous 24 hours. Bitcoin’s 24-hour range: $9,818- $10,349 BTC above its 10-day and 50-day moving averages, a bullish signal for market technicians. Bitcoin trading on Coinbase since Sept. 7. Bitcoin is slowly making gains Wednesday, reaching as high as $10,349 as of press time. Read More: Bitcoin’s Correlation With Gold Hits Record High “After the Sept. 2-3 drop, bitcoin has…
Twetch Adds Encrypted Messaging, In-Chat Payments on BSV Blockchain
Twetch, a micropayment-based social network that runs on the Bitcoin SV blockchain, has introduced an encrypted direct-messaging function that lets users send each other money in the chat. Released Wednesday, Twetch Chat adds a layer of privacy and security to the Twitter alternative and is in line with a trend toward more private communications that have been a focus of companies in recent years. The twist is that you need a cryptocurrency wallet to take advantage of the feature – specifically, one that connects to (BSV), a splinter network from Bitcoin Cash…
USDC now capable of 1000 transactions per second with near-zero fees
As part of an initiative bringing stablecoin USD Coin (USDC) to other blockchains, USDC is now available on the public Algorand blockchain. This is in addition to its existing availability as an Ethereum-based token. Offering USDC on Algorand gives the asset layer 1 scalability, touting more than 1,000 transactions per second, or TPS, while costing less than a penny in fees (1/20 of one cent to be precise), said a statement provided to Cointelegraph. “This is a defining milestone for frictionless mainstream payments as well as sophisticated financial applications,” Algorand…
DGTX Staking Rewards to Arrive in Q1 2021
Digitex Futures has already made a name for itself in the cryptocurrency space by launching the world’s commission-free BTC futures exchange in July. Since then, it has been growing its user base and adding additional markets including ETH/USD futures. And now, the ambitious young company has announced the next steps for Digitex, including a pivot to Digitex City dubbed as “crypto’s playground,” and a hotly-anticipated DGTX Staking Program, with potential rewards of up to $750,000 per month by the end of 2021. Creating Demand for the DGTX Token In a…