Despite being, perhaps, the biggest tech buzzword of the last decade, blockchain technology has largely remained just that: a buzzword. While its best-known implementation, Bitcoin (BTC), has become a household name, the technology that underpins it remains little more than a mystery for most. By and large, this can be attributed to slow progress in the adoption of the technology for consumers and businesses, caused by divided attention. Rather than a collective push to build advancements only on the Bitcoin blockchain, we’ve instead seen a clamor to build too many…
Day: September 30, 2020
First Mover: Chainlink’s Sorry September Returns Shows DeFi Hysteria Deflating
That was the story in cryptocurrency markets in September as prices tumbled for digital tokens from “decentralized finance” (DeFi), the fast-evolving arena of blockchain-based lending and trading platforms. Chainlink, which supplies data feeds to DeFi systems, saw its LINK token fall 42% month-to-date, the worst return among digital assets in the CryptoX 20. The DeFi market correction came at a time when traditional markets also were hit hard by growing anxiety over the increasingly contentious U.S. presidential elections in November and resurgent coronavirus cases in the U.S. and Europe, according to Anil Lulla,…
MRNA Stock Up, Moderna Vaccine Shows Positive Immune Response
Moderna (MRNA) stock has positively reacted to the news about good results shown by the company’s COVID-19 vaccine candidate. Following a research study published in the New England Journal of Medicine which shows that Moderna Inc (NASDAQ: MRNA) COVID-19 vaccine generated similar neutralizing antibodies in older and elderly adults at levels comparable to those in younger adults. Moderna (MRNA) is one of the top pharmaceutical companies in a frantic race to land authorization for the COVID-19 vaccine it’s currently developing and per the report, the finding has caused a soothing…
why only a weaker dollar will push BTC above $20,000
A widespread debate among investors is the correlation of Bitcoin (BTC) with other markets. A high degree of correlation between the equity markets and Bitcoin has existed, particularly in the last few months. In other periods, gold and Bitcoin appear to move in tandem. However, the correlation that should be watched the most is the dollar since the global economy is based on the strength or weakness of our world reserve currency, the United States dollar. Weaker USD drove up Bitcoin prices in Q2, Q3 2020 BTC/USD vs. Gold vs.…
ATOM Enters “Trouble Area” as Price Rallies Another 9%; Pain Ahead?
ATOM was among the biggest gainers on cryptocurrency boards this Wednesday as traders assessed its integration into the US-regulated crypto exchange Coinbase. The Cosmos’ native token rallied 9 percent on a 24-hour adjusted timeframe, touching an intraday high level near $5.56, hours after Coinbase added support for staking ATOM rewards. Its gains appeared even as other top crypto assets showed signs of a downside correction. “Starting today, eligible customers can easily start earning 5% APY on their Cosmos (ATOM) held on Coinbase,” the exchange announced. “Customers can securely keep their assets on…
RSK announces enterprise spin-off to focus on blockchain integration tools
A new enterprise initiative launched by IOVLabs, the company behind the RSK Bitcoin sidechain, seeks to simplify blockchain development for governments and enterprises. The joint venture, called Extrimian, was established with Argentinian software provider Grupo Sabra to create the RSK Enterprise Cloud platform. The blockchain-as-a-service platform is designed to allow governments and businesses to develop decentralized solutions and set up permissioned networks with ease. The platform is said to help integrate blockchain DApps into existing infrastructure used by enterprise and government entities. Guillermo Villanueva, the CEO of Extrimian and co-founder…
Cross Finance Enables Cross-Chain DeFi on Binance
Cross Finance wants to build a one-stop platform where users can yield-farm & swap on not just one but many blockchains on which DeFi dapps are hyperactive. The Decentralized Finance alias DeFi has experienced an astronomical growth in the first year of launch. Notably, Defi projects that run on the Binance ecosystem are poised to explode further since the Binance chain offers a more scalable network than what is offered in the Ethereum network. DeFi Ecosystem in Different Blockchains The Binance developers team tirelessly laid down a strong foundation capable…
Brave Developer: Growing Privacy Concerns is Why BAT Will Succeed
Technical Operations Coordinator at Brave, Chris Nguyen, hosted a Reddit AMA in which he answered questions from the community. Although he stated that he was happy to discuss all topics, including details of his personal life, the most upvoted questions were about the future direction of Brave. For example, one user asked Nguyen to explain THEMIS in simple terms. Nguyen responded by saying THEMIS is a proposal to decentralize Brave. But it’s still at the research stage of development, and so won’t be coming anytime soon. “THEMIS is a way…
US House of Representatives Passes Blockchain Innovation Act On to the Senate
Two bills introduced by Representative Darren Soto—the Digital Taxonomy Act and the Blockchain Innovation Act—are now making their way to the Senate after being approved in the House of Representatives. The two acts have been updated into the Consumer Safety Technology Act (H.R. 8128), which is a bill directing the Consumer Product Safety Commission to explore applications for AI earlier this month. The Bill is now headed for the Senate for the final vote. What Do the Blockchain Bills Mean? Essentially if the bills are passed, they aim to protect…
At $10,600, Bitcoin price is on track for its second-best quarter ever
Bitcoin (BTC) is on track for its best third quarter ever, data shows as Q3 2020 has just one day left to go. According to price records from on-chain analytics resource Skew, this year should produce Bitcoin’s strongest Q3 in its history. BTC price challenges Q2 2019 close BTC/USD traded at around $10,680 at press time on Sep. 30. That number comfortably beats any other Q3 close on record, the next highest being last year’s $8,310. What’s more, Bitcoin may seal the second-best quarterly close of its lifetime — but…