Bitcoin faced selling pressure in September as the U.S. dollar rose against major currencies for the first time in six months. Original
Bitcoin Posts Biggest Monthly Price Loss Since March
Day: October 1, 2020
Calls for Maker (MKR) Rally Grow as Utility Touches Record High
A skyrocketing utility statistics coming out of Maker, a peer-to-contract lending platform, has increased its governance token MKR’s bullish appeal among analysts. Chris Burniske, one of the partners at venture capitalist firm Placeholder in New York, highlighted the steadily growing locked value inside the Maker liquidity pool. The fund manager further presented that MKR as an undervalued token, for it didn’t receive the same increased investment as other tokens in the decentralized finance space. “People mostly sleeping on MKR while utility goes through the roof, and conversations abound around its value…
Atari Announces IEO Collaboration and Listing of the Atari Token with Bitcoin.com Exchange
Atari announces IEO collaboration on Bitcoin.com Exchange via its multi-asset trading platform. Public sale slated for November, details to be announced in the coming weeks. The Atari token will be listed on Bitcoin.com upon completion of the IEO. October 1st, 2020 – Atari, one of the world’s most iconic consumer brands and interactive entertainment producers, announces today an agreement with Bitcoin.com Exchange for a public sale and the subsequent listing of the Atari Token (ATRI) on Bitcoin.com Exchange. Atari is evolving and envisioning a new mission to conquer the crypto…
Finality: A Necessary Condition for Blockchain Applications in Finance
Settlement finality is critical in the world of traditional finance. The same applies to decentralized finance built on distributed ledger technologies (DLT). DLTs or blockchains are an innovative assembly of existing technology concepts, for example timestamping, chaining of data blocks (initially invented by IBM in 1976) as well as consensus algorithms. The Proof of Work (PoW) consensus algorithm used by the Bitcoin blockchain is an insightful example of mechanism design to incentivize actors to behave well in the absence of regulation. But not all consensus algorithms are created equal. And…
DeFi Buzz Drove Record $12M Earnings This Summer, Says Ethereum Miner HIVE Blockchain
The ether miner has reported its best ever quarter, saying that surging interest in DeFi led to bumper transaction fee revenues. Source link
Bitcoin Just Printed a Monthly Close Above a Pivotal Support Level
It’s been quite the boring past four weeks for the Bitcoin market. The cryptocurrency, after suffering a strong plunge at the start of the month, was largely rangebound between $10,000 and $11,000 over September. Despite the lack of strong price action, not all hope is lost for Bitcoin bulls. In fact, many analysts remarked at the time of the candle close that the cryptocurrency is actually in a good long-term position. Here’s why they think so. Related Reading: MicroStrategy’s Stock Continues to Soar After Bitcoin Purchase Bitcoin Prints Crucial Monthly Candle…
YUSRA Global: A Superior Blockchain Ecosystem that Meets Real-World Requirements
It is not a secret that most of the existing cryptocurrencies have plenty of shortcomings preventing them from being used as the absolute replacement to traditional financial instruments and legacy systems that manage these instruments. However, that is bound to change as blockchain technology is relatively new and continues to evolve through updates to existing protocols and the development of entirely new projects. One such successful attempt to create a crypto ecosystem is YUSRA Global, a platform built on Waves Blockchain. Powered by its native namesake YUSRA token, it is…
S&P 500 Shudders at 10-Year Winter as Billionaires Fear Tech Stocks
The S&P 500 could stagnate for ten years, a historically accurate indicator and strategists say. The U.S. stock market is at risk of long-term underperformance, especially as the prospect of vaccines by the year’s end worsens. Moderna CEO Stéphane Bancel said the vaccines would not be ready for FDA approval before November 25. According to a historical indicator that evaluates average investor portfolio allocation, the S&P 500 might underperform for ten years. Coincidentally, billionaires are turning cautious towards the trend of tech stocks. The S&P 500 has declined by 6.08%…
Binance-Backed Swipe Partners with Marqeta to Launch Visa Card LendFi
The initiative by Swipe and Marqeta will attract a lot of customers which will pose a huge competition to the traditional financial institutions that are centralized and overcollateralized in the loaning business. Binance-backed leading multi-asset digital wallet and Visa debit card platform Swipe announced a strategic partnership with Marqeta, the global standard for modern card issuing, to launch the LendFi Visa Card. According to the announcement, the LendFi Visa Card is connected to Swipe Issuing and Marqeta for near-instant access to lending balances borrowers make on the LendFi App. Binance through…
What is Ripple (XRP)? | Blockchain News
Founded by RippleLab’s Chris Larsen and Jed McCaleb and released in 2012, Ripple is a global payment system that aims to replace the SWIFT system of cross-border payments with their open-source distributed ledger technology, the Ripple Transaction Protocol (RTXP). The purpose of Ripple is to create an “Internet of Value” through a digital platform that transfers and exchanges value, in the form of tokens, across the world in the same fashion that the internet allows for the near-instant transfer of information. Ripple mainly targets the banking industry and other payment…