Day: September 13, 2020

7 Steps to Make Your Own CryptoCurrency in This Easy Guide

boss

Currency is a storage means of exchange. It is accepted universally by most of the areas for buying and selling purposes of goods and services. If you look into the past years, the barter system was well recognized. People used to get anything in place of rice and grain to the wool and even feathers. After this continuous process, the coins and printed banknotes were designed and introduced. Now in this technological world of digital times, the coins and banknotes seem to become outdated. So, currently, the concept of cryptocurrency…

Here’s Why Bitcoin Is Poised to Bounce After Plunging $300

boss

After Bitcoin peaked at $10,600 late on Saturday evening, bears reasserted control over the cryptocurrency. Now, BTC trades for $10,300, having dropped as low as the low-$10,200s as sellers suddenly entered the market. This was a departure from the expectations that analysts had for Bitcoin just hours before the move. Many thought that the move above $10,500 after days of ranging was set to take BTC towards $11,000. While this didn’t play out, there are signs that the ongoing correction is one that is too aggressive. That’s to say, there’s…

Swiss blockchain group formed to encourage new blockchain companies

boss

A new group seeking to promote research and support blockchain firms has been formed. The Ticino Blockchain Technologies Association was launched with the participation of the University of Southern Switzerland, also known as the Università della Svizzera Italiana (USI), and the University of Applied Sciences and Arts of Southern Switzerland (SUPSI).  The group’s goal is to support research and companies in the blockchain sector and promote academic studies of the technology. Other founding members are Bitcoin.com, Copernicus Holdings, Eligma, Euronovate, Eventboost, Pangea Blockchain Fund, Poseidon Group, the Quadrans Foundation, StrongBlock.io,…

DeFi carnage, Chef Nomi’s admission and $625K prize to crack Monero

boss

Coming every Sunday, Hodler’s Digest tracks every important crypto news story from the previous week. Essential reading for all Hodlers!   Top Stories This Week   DeFi goes boom as top tokens crash by 50% — But enjoy a sudden rebound It was an industry that looked like it was overheating for some time, and finally, at least for a short while, it appeared that the DeFi bubble had well and truly burst. Half a dozen major DeFi tokens shed half their fiat value, and the sell-offs erased the gains…

Supporting the Growing Blockchain Gaming Industry, BitMax.io Announced the Listing of Ultra (UOS)

boss

Place/Date: – September 13th, 2020 at 7:04 pm UTC · 3 min read Contact: BitMax.io, Source: BitMax.io BitMax.io (BTMX.com), an industry-leading digital asset trading platform built by Wall Street quant trading veterans, has announced the listing of Ultra (UOS) on August 27th at 10:00 a.m. EDT. Deposits and withdrawals of UOS will be available beginning 10:00 p.m. EDT, August 26th. Ultra is a blockchain-based next-generation games distribution platform for both developers and players. The platform allows players to purchase games, trade virtual items, and access live streaming & tournament platforms…

Bitcoin hardware devices need to improve to handle complex transactions

boss

Jameson Lopp, co-founder and CTO of Casa, a crypto custody firm has released a test result report on Bitcoin multi-signature hardware signing performance on the Casa blog on Sep. 13.  The result shows that hardware crypto wallet devices can handle small, simple transactions well. However, they have trouble performing once the transaction becomes complicated. Casa is said to be built upon geographically distributed multisig, dedicated hardware devices to secure keys, designed user experience, and client services. Lopp pointed out that while the company has no control over the hardware devices,…

BTC, BNB, NEO, YFI, LINK

boss

This week Digital Assets Data CEO Mike Alfred told Cointelegraph that mainstream investors are still “skeptical of Bitcoin and the ecosystem.”  However, Alfred believes that this “skepticism and disbelief” will turn out to be a positive for Bitcoin (BTC) because when the “traditional folks capitulate, they will be forced by their clients and partners to get involved at significantly higher prices.” While Bitcoin has struggled to start a sustained uptrend in the past few weeks, select altcoins and tokens in the DeFi space have been in a strong bull run.…

How Bitcoin Correlations Drive the Narrative

boss

Every week there’s usually at least one article in CoinDesk, a blurb in a newsletter and several charts in the Twittersphere about bitcoin’s correlation with something or other. This week, we were told that the 60-day correlation between gold and bitcoin (BTC) had reached all-time highs. Last week, our monthly report featured a chart of BTC’s correlation with the DXY dollar index. A few weeks before that, the correlation with the S&P 500 was in the headlines. If you feel dizzy from the rapid turns in attention on which correlation metric matters,…

Investing in DeFi? Bet on diversification, not short-term gains

boss

The decentralized finance space has grown exponentially over the last few months, to the point where more than $9 billion worth of crypto assets were locked in its protocols before crypto prices started dropping. The space had a little over $500 million locked in back in September 2019. This exponential growth in the last few months appears to be mainly related to a yield farming trend that started when lending protocol Compound began distributing its COMP governance token to users who interacted with the protocol. Put simply, yield farming —…

Binance CEO wants more Ethereum-based DeFi projects to join his platform

boss

Binance CEO Changpeng Zhao welcomed more Ethereum-based DeFi projects to join the Binance Smart Chain (BSC) platform.  In a tweet discussion with another user, Zhao explained that this step would reduce the load on the Ethereum network, which will, in turn, lead to a reduction in Ethereum’s gas fees.  Zhao later stressed that Binance Smart Chain is not a replacement or competitor to the Ethereum network and that it is compatible with it. Zhao added that Binance Smart Chain provides the smart contract creators with more options: “BSC never aimed…