Day: September 23, 2020

This Analysis Suggests December Will Be a Crucial Month for Bitcoin

boss

Bitcoin’s price action has done little to offer investors with clarity into its near-term outlook. The benchmark digital asset has been trading around $10,500 for the past few days, with each push higher or lower resulting in a move back to this price level. The lack of directionality seen in the time following its $11,000 rejection seems to indicate that the market is at a turning point, with bulls and bears reaching an impasse as both sides battle for control over its near-term outlook. One analyst explained in a recent…

Bitcoin News Roundup for Sept. 23, 2020

boss

With the bitcoin market weakening and an ECB update, CoinDesk’s Markets Daily is back for your latest crypto news roundup! Bitcoin inventory is building on exchanges but there’s a lack of buyers, according to a Chainalysis economist.  The EU central bank said the term stablecoin is potentially “confusing” and “misleading” to consumers. The supply of BitGo’s wrapped bitcoins (WBTC) topped 76,000 after setting an all-time record of nearly 21,000 WBTC minted within one week. Here’s why. The artwork titled, ‘Portraits of a Mind’ created by the Robert Alice project is…

Inside the blockchain developer’s mind: The upgradeability crisis

boss

This is Part 1 of a three-part series in which Andrew Levine outlines the issues facing legacy blockchains and posits solutions to these problems. Read Part 2 on the vertical scaling crisis and Part 3 on the governance crisis as they go live on Sept. 24 and 25. It is our belief that there are three fundamental problems, or crises, that are standing in the way of blockchain adoption: upgradeability, vertical scaling and governance. In this article, we are going to explore the upgradeability crisis and how computer operating systems…

Uniswap 57% price crash marks ‘DeFi depression’ for SUSHI, CRV, UNI

boss

In the previous weeks, the majority of the cryptocurrencies have seen a massive crash. Losses of 50-80% have been witnessed in the markets, particularly affecting the DeFi space. The major losers in the previous weeks were Curve DAO Token (CRV) and SushiSwap (SUSHI). Next to that, one of the biggest decentralized exchanges UniSwap (UNI) has also seen a substantial correction. Its token UNI dropped by 57% since its recent high at $8.65. Is the correction over for the DeFi sector, or will the crashes continue to last? Let’s take a…

Core Developer Says Ethereum 2.0 is Tantalizingly Close

boss

It feels like Ethereum 2.0 is taking an eternity to rollout. But, following months of testnet runs, it finally looks as though Phase 0 is nearing the finish line to launch. Phase 0 refers to developing the framework for running the proof-of-stake mechanism. It will set in place registry for staking validators, meaning full staking functionality won’t be available at this stage. “The first part of Eth2 to ship will be the beacon chain. It won’t be fully operational right away because there won’t be any shard chains, so there’ll…

Canadian Regulated Cryptocurrency Exchange Wealthsimple Begins Trading

boss

Following the regulatory sandbox approval by Canadian regulators, Wealthsimple announced that it has launched “Canada’s first regulated crypto platform.” The new crypto exchange is regulated by the federal government as well as regulators in 13 provinces and territories in Canada. Wealthsimple Crypto Regulated in All Provinces and Territories in Canada Canadian investment management firm Wealthsimple announced Tuesday that its cryptocurrency exchange has launched. The company explained that Wealthsimple Crypto is “Canada’s first regulated crypto platform” that offers “No minimums or fees for deposits or withdrawals,” elaborating: Wealthsimple has the first…

Winklevoss Rubbishes Similarities Between DeFi and the ICO Bubble

boss

Many have drawn similarities between DeFi and the ICO craze of 2017, and it’s easy to see why as well. To begin with, both operate(d) primarily on the Ethereum network. However, it’s the flood of fly by night projects that links the two in the minds of many. With that, in recent times, critics have not been short of material to bash the DeFi sector. Much like the ICO situation, their underlying concerns come down to scam projects, with no intention of delivering, leaving investors to hold the bags. A…

JNJ Stock Up, Johnson & Johnson Begins Final Trial of One-Shot Vaccine

boss

Johnson & Johnson has commenced a phase 3 trial of its one-shot vaccine. The company will recruit a total of 60,000 participants. JNJ stock is in the green. Johnson & Johnson (NYSE: JNJ) has started a large trial of its one-shot coronavirus vaccine. According to the National Institute of Allergy and Infectious Diseases (NIAID), the Johnson & Johnson one-shot vaccine trial will involve 60,000 participants. Apart from Johnson & Johnson, three other companies backed by Trump’s Operation Warp Speed are in phase 3 trials. At the beginning of the year,…

Huobi crypto exchange launches trading app in Russia

boss

Major cryptocurrency exchange Huobi Global is expanding in Russia by rolling out its native mobile app in the country. Users in Russia can now access Huobi’s spot market and trade major cryptocurrencies like Bitcoin (BTC) through its mobile app, the firm announced on Sept. 23. By introducing the app in Russia, Huobi wants to further expand in one of its most important markets. Russian users account for as much as 10% of Huobi’s total spot trading volume, an exchange representative told Cointelegraph. Ciara Sun, vice president of global markets at…

Huawei to Keep Up Deal with Qualcomm after License Approval

boss

The United States in its spate of economic tensions with China has placed Huawei alongside other technology companies on its blacklist. Chinese mobile phone manufacturer and tech company Huawei has stated that it will continue to patronize U.S. chip giant Qualcomm Inc (NASDAQ: QCOM) following reports that Qualcomm applied to the United States government for a license to export its products to Huawei. As reported by CNBC, the intention of business continuity between Huawei and Qualcomm was confirmed by Huawei’s rotating Chief Executive Officer (CEO) Guo Ping who noted that…