Day: September 10, 2020

Lex Sokolin: The Revolution You’ve Been Waiting For: Fintech + DeFi

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CryptoX – Cryptocurrency Analysis and News Portal Lex Sokolin, a CryptoX columnist, is Global Fintech co-head at ConsenSys, a Brooklyn, N.Y.-based blockchain software company. The following is adapted from his Fintech Blueprint newsletter. Everything seems to be getting connected: finance, culture, art, technology, media, geopolitics. It is either a fantastic time to be working in our industry or we are slowly going nuts from information overexposure. Let’s tug on a few strings as they relate to my thesis for what is happening next.  At the core of the answer is the question…

Hodlers Can Earn Attractive Interests by Investing into Hodlnaut Crypto Loans Platform

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The cryptocurrency industry has been constantly evolving since Bitcoin made its first appearance over a decade ago. What started as a simple, decentralized, peer-to-peer method for value exchange has now given birth to Decentralized Finance (DeFi) movement. By leveraging the benefits of cryptocurrency’s underlying blockchain technology, DeFi offers a range of alternative financial services that are close to, if not on par with many of its counterparts in the traditional financial sector. Over time, the adoption of cryptocurrencies has increased among people. Many opt for cryptocurrencies as part of their…

OKEx Jumpstart Mining Opens New Revenue Generation Avenues for OKB Holders, ZYRO Becomes First Staking Project

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OKEx Jumpstart, the cryptocurrency project accelerator operated by global crypto spot and derivatives exchange OKEx now supports mining on its platform. According to the announcement, the feature will allow OKB token holders to stake their tokens 14 days before the listing of a new Jumpstart project for a chance to gain rewards and staking incentives. For this new project slated to be launched on Jumpstart, users can stake their tokens two weeks before the launch and fulfill a 24-hour waiting period before they can start trading. Designed to offer high…

Discussing BTC’s next big move

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The price of Bitcoin (BTC) has been ranging between $9,800 and $10,500 for nearly a week after a short fall from almost $12,100 seen on Sept. 1. As BTC struggles to show any distinctive price movement, traders are generally cautious. Over the medium to long term, traders expect Bitcoin to recover and perceive the ongoing consolidation phase as a healthy pullback. From July 16 to Aug. 17, Bitcoin rose from $9,005 to $12,486 on Coinbase, with a pullback arguably necessary to neutralize the futures market. A large portion of Bitcoin’s…

YFI Forms a ‘Golden Cross’ Pattern Following 38% Rally

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As YFI trades 25 percent below its record high, there is an interesting bullish pattern for traders to consider. That is ‘Golden Cross,’ a telltale technical indicator that suggests that the price of the underlying asset would rise in the future sessions. The pattern comes to life when an asset’s short-term moving average jumps above its long-term moving average. Depending on the timeframe of the moving averages (or MA), a Golden Cross can be both a lagging and leading indicator. YFI witnessed a bullish crossover between its 20-period MA and…

Blog: Accountability Framework: demonstrating your compliance

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Ian Hulme, Director of Regulatory Assurance discusses the launch of our new Accountability Framework and how organisations can take part in the next stage of its development.  The accountability requirement of data protection legislation might seem at first like a big task. Organisations must assess the risks they create and take appropriate action. You need to ensure staff are adequately trained, assess your data processing and put data protection at the heart of your organisation. It is more than box ticking or bolt on compliance. It is an opportunity to…

Blockchain needs to walk before it runs to DeFi

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Decentralized finance has become the fastest-growing sector of the blockchain industry. Today, there are over 200 projects working on a wide variety of decentralized financial products and services. That number continues to increase every day as new DeFi-related projects launch.  The most telling figure of this rapid growth is the staggering amount of money that is locked in DeFi, recently having passed the $7 billion threshold. The challenge is that increased growth leads to higher risks. As DeFi continues to grow at a rapid pace, this burgeoning industry will experience…

Market Bounces by 19% in 24 Hours

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The increasing popularity of the DeFi sector is causing its tokens to outperform the entire Ethereum ecosystem. DeFi experiences a rebound having posted a surge of 19%. Over the past two weeks, the DeFi sector had suffered a strong drop — such that in the past week, it was even described by some analysts as ‘bloody.’ Now many investors are relieved after seeing such an encouraging recovery. Some tokens even saw a 50% price drop during the recent rough week. According to some analysts, the effect might have been caused…

Bitcoin (BTC), Gold and S&P 500 Are Positively Correlated

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The investors who pump money buying stocks are beginning to see Bitcoin not just as a way to hedge their funds, but as a viable option to grow their funds over time. Recent events across markets and among investors have shown that Bitcoin (BTC), gold, and the S&P 500 index have a close correlation. The past months have stirred different events that have tumbled the world of finance and investment, with the coronavirus pandemic serving as the main factor stirring the events. With the coronavirus pandemic, governments had to step…