Month: October 2020

Yearn.finance (YFI) Open Interest Hits an All-Time High as Selloff Continues

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Yearn.finance’s YFI token failed to gain any momentum following yesterday’s sharp rebound following a brief dip below $10,000. The cryptocurrency is now on the cusp of once again breaking below this level, with the immense selling pressure coming about as open interest for the token reaches an all-time high. Although the sell-side of YFI’s order books are rather thin at the moment, a lack of any intense inflows of capital has perpetuated its recent technical weakness – which is showing few signs of slowing down any time soon. The governance…

Bitcoin Could Rally to an All-Time High if It Hits One Key Level

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Bitcoin could be on the cusp of posting a move to fresh all-time highs if it can close its monthly candle today above one critical level. The benchmark cryptocurrency has been caught within the throes of an intense uptrend throughout the past several days and weeks, with each selloff being fleeting and followed by it setting higher highs. This type of price action shows that it is now in a clear bull market, and the fundamental and technical strength underpinning it at the present moment suggests new all-time highs could…

South Korean Hospitals to Usher in New Healthcare Era Using Blockchain Technology, AI and Big Data

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South Korean hospitals intend to set the ball rolling in ushering in a new healthcare era using industry 4.0 technology like blockchain, artificial intelligence (AI), and big data. Leading the charge in to emerging technologies is Yonsei Medical Center, one of the most prestigious hospital groups in the nation, as it aims to foster an open innovative infrastructure for future healthcare services. Advancing precision medicine During a press conference held at Yonsei University, Yun Dong-seop, the director of Yonsei Medical Center, revealed that attaining the next-generation precision medicine necessitated an…

ETH’s Push Above $400 Will Have to Wait for the BTC Party to be Over

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Summary: Ethereum looked set to retest $400 as a result of general bullishness in the crypto-markets However, Bitcoin’s dominance has continued to grow and ETH might have to wait for the BTC excitement to subside Bitcoin is on a path to close the month of October on a very bullish note Ethereum’s push towards the crucial $400 price area is once again being delayed by a bullish Bitcoin stealing the spotlight and capital away from altcoins such as ETH. For the month of October, Bitcoin has stolen the show in…

Bitcoin reaches $14K for the first time since January 2018 — what’s next?

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Bitcoin (BTC) price is undoubtedly having an impressive year after crashing to $3,700 in March but then rallying to $14,000 in the following months. Now BTC has reached the highest point since January 2018 as the price touched $14,100. Thus, the likelihood of the new bull cycle is heavily increasing as the price of Bitcoin continues to make new higher highs and higher lows. What’s more, the strength is even seen while the U.S. Dollar Currency Index, with which it is typically inversely correlated, is also recovering amid coronavirus fears.…

0x charts path towards cross-chain asset exchange and liquidity aggregation

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In a blog post on Friday, 0x Labs product manager Theo Gonella laid out the protocol’s ambitious plans to direct development towards a promising, if technically tricky horizon for permissionless exchange: seamlessly connecting the growing constellation of viable layer-1 blockchain platforms. The Ethereum-based protocol, designed to be an interoperability toolkit for decentralized exchanges of all stripes, has seen marked success this year in connecting a network 30+ projects building with their API.  Throughout 2020, as Decentralized Finance (DeFi) boomed, so too did 0x’s usage: the protocol facilitated nearly $4 billion…

Verizon’s New Blockchain Verification Tool ‘Full Transparency’ Combats Fake News

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Verizon Communications Inc, a telecommunications service producer has unveiled a blockchain-based solution dubbed ‘Full Transparency’ for the verification of news and media releases. According to Verizon’s announcement, the Full Transparency solution is an open-source newsroom product that will enable any media information to be tracked on the blockchain, giving the public a level of trust in the information being shared. As the world embraces a greater shift to digital media as boosted by the coronavirus pandemic, the need to verify information has become more vital and a system created for information…

It’s New ATH Since January 2018

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Bitcoin price has been on a continuous rise as the leading cryptocurrency has jumped 4.44% in the last 24 hours. As the month ends, the price of Bitcoin continues to surge, surpassing $14,000. On the 31st of October, the price of Bitcoin hit $14,100 on all major crypto exchanges. The price marks a new ATH Bitcoin has been since January 2018. Shortly after exceeding $14,000, BTC fell by 3%, facing an immediate rejection. Coincidentally, Bitcoin hit $14,000 on the same day its founder Satoshi Nakamoto released the Bitcoin whitepaper 12…

Chinese City Eyes Blockchain Applications for Urban Governance and Smart Education

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Chengdu, the capital city of China’s Sichuan province, seeks to form a blockchain application to revolutionize cross-border trade, urban governance, smart manufacturing, government services, smart education, financial services, smart healthcare, and smart agriculture by 2022. Creating 30 typical blockchain application scenarios This information was disclosed during the city’s international blockchain industry expo dubbed the 2020 Chengdu Global Innovation and Entrepreneurship Fair. As per the announcement, the city intends to: “Create 30 typical blockchain application scenarios, form 2-3 blockchain industry cluster development areas , and build Chengdu into a pioneering…