Day: September 28, 2020

Soaring decentralized exchange volume suggests the DeFi craze is not over

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Uniswap, the most widely utilized decentralized exchange on Ethereum, has seen explosive growth throughout the second quarter. In fact, less than a month ago, Uniswap’s trading volume surpassed Coinbase Pro as the exchange processed $426 million worth of trades in a 24 hour span. Throughout 2019, the decentralized finance (DeFi) market was relatively stagnant until the concept of yield farming and governance tokens became more popular. Yield farming is a process where investors utilize various DeFi protocols that generate high yield in exchange for providing liquidity.  In most cases, the…

Introducing Omni, the Next-Gen Social Platform Which Shares its Profits with Users

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Place/Date: – September 28th, 2020 at 10:11 pm UTC · 4 min read Contact: Manny Hernandez, Source: Omni In 2020’s lightning-paced media landscape, and in response to current untapped technological opportunities, it’s imperative to innovate. The giants of today, and indeed yesterday, have all brought something unique to the table – from Facebook’s often-touted “7 circle of separation”, to Instagram’s feed, and now TikTok’s viral video-based success, unicorn status comes from breaking the mold and providing something nobody else has thought of. Gamification: The Golden Goose in a Market Begging…

J.P. Koning: The Standard About to Revolutionize Payments

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What will payments over the internet look like in 2030? A revolution in finance and payments. That’s what crypto-based platforms like Bitcoin, decentralized finance and stablecoins are attempting to do. But just because traditional money is centralized around monolithic central banks doesn’t mean that it can’t have a revolution of its own.  Over the next ten years, a big bang will be unfolding in central bank land. ISO 20022, a new standard for communicating electronic payments instructions between financial institutions, will be taking over. This, combined with the emergence of…

One of Hal Finney’s lost contributions to Bitcoin Core to be ‘resurrected’

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In a February 8, 2011 post on Bitcointalk, Finney said that reading a book titled “Guide to Elliptic Curve Cryptography” by Hankerson, Menezes, and Vanstone, gave him an idea of how to speed up signature verification by 25%. In the following post from the same day, Finney announced that he had already written “test code” and uploaded it to the Github repository. However, there was a problem with Finney’s proposal — his method had already been patented by someone else. “Method for Accelerating Cryptographic Operation on Elliptic Curves” (also known…

The KuCoin Hacker is About to Sell Stolen Chainlink; Why Analysts Aren’t Concerned

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KuCoin, a somewhat popular cryptocurrency exchange headquartered in Singapore, experienced a major security breach last week that led to the loss of over $150 million worth of crypto tokens, including Bitcoin, Chainlink, Ethereum, and a plethora of altcoins. Although this has yet to have any grave impacts on the crypto market, the selling patterns from the hacker – or group of hackers – has placed pressure on multiple smaller altcoins. It now appears that they are looking to offload the Chainlink tokens that they stole from the platform, which could…

Market Wrap: Bitcoin Hits $10.9K; Ether Options Signal Short-Term Volatility

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An early rally Monday almost pushed bitcoin over $11,000; the ether options market expects volatility in the short term. Bitcoin (BTC) trading around $10,874 as of 20:00 UTC (4 p.m. EDT). Gaining 1% over the previous 24 hours. Bitcoin’s 24-hour range: $10,705-$10,956 BTC above its 10-day and 50-day moving averages, a bullish signal for market technicians. Bitcoin trading on Coinbase since September 26. (TradingView) Bitcoin’s price mostly traded around $10,800 Monday, after a rally at 00:00 UTC (8 p.m. EDT Sunday) that pushed the world’s oldest cryptocurrency as high as…

Chainlink Bull Flag Breakout Could Target $25 By Year’s End

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Chainlink just set a record for the most bullish green daily candle since 2020 started. The 24-hour surge beat out any intraday rallies leading up to the asset’s current all-time high. It also has kept a bull flag formation alive that could send Chainlink to $25 and another new price peak before the year is over. Here’s why technical analysis could indicate that the cryptocurrency will continue along higher. Chainlink Chart Pattern Targets New ATH Before End of 2020 Chainlink, a crypto project focusing on decentralized oracles has taken the…

Why Bitcoin’s Longest Run Above $10,000 Matters

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Bitcoin has been above $10,000 for even longer than the record 2017-18 run, giving confidence to long term HODLers in the process. Bitcoin has been above $10,000 for longer than any time in its history. Its volatility is also at recent historic lows. In this episode, NLW puts this in the context of broader market movements and explains why new price floors are self-reinforcing. Original

Someone Teach Chrissy Teigen Not To Share Her Personal Information

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Chrissy Teigen is in the hospital for heavy bleeding during her latest pregnancy. She accidentally shared her hospital room phone number then had to change rooms after fans started calling it. This isn’t the first time she has “accidentally” shared her personal information. Is it attention-seeking? Chrissy Teigen shares too much. She’s in the hospital right now for heavy bleeding during her pregnancy, and she “accidentally” shared the phone number of her hospital room. After fans started calling, she had to change rooms. Teigen has shared other personal information with…

Bitcoin is All Grown Up and the Future is Bright

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Currency has had a fruitful and largely charmed life, and watching it come into its crypto own is heart-warming indeed.  Currency as we know it has been evolving throughout our lifetimes. Along the same timeline and gently curving slope that it has evolved along since the advent of currency. From bartering and trading for goods, to exchanging precious metals, gems, and even spices for something else. Notes and coins are still, in the larger sense of currency, a fairly novel addition, but even those have seen their heyday and are…