Venezuela’s National Securities Superintendency has given the go-ahead for a 90-day pilot of a crypto-powered “decentralized stock exchange” in the country that aims to have a global reach despite international sanctions. Cointelegraph Espanol reports that news of the Decentralized Stock Exchange of Venezuela’s authorization to operate was published in the country’s official gazette, issue 6,578, Sept. 29. The exchange is known as BDVE and its website claims that the platform comprises “the first decentralized stock exchange in the world.” It highlights that users will be able to access the exchange…
Day: October 2, 2020
Ethereum Correcting Losses, But 100 SMA Could Trigger Another Slide
Ethereum nosedived from the $370 resistance zone against the US Dollar. ETH price is currently correcting losses from $345, but it is likely to face sellers near $355. Ethereum is down over 3% from the $372 high and it even broke the $355 support. The price is currently recovering from the $345 low, but it is well below the 100 hourly simple moving average. There was a break below a crucial bullish trend line with support near $356 on the hourly chart of ETH/USD (data feed via Kraken). The pair…
Bitcoin, Stocks Fall as Trump Tests Positive for COVID-19
The cryptocurrency and Asian stock markets dumped early Friday after U.S. President Donald Trump announced he and his wife had tested positive to COVID-19. Original
More than half of all crypto exchanges have weak or no ID verification
More than half of all exchanges worldwide have weak KYC identification protocols — with exchanges in Europe, the U.S. and U.K. among the worst offenders, according to a new study by blockchain analysis firm CipherTrace CipherTrace analyzed more than 800 decentralized, centralized, and automated market maker exchanges and found 56% of them did not follow KYC guidelines at all despite anti-money laundering (AML) regulations. The highest number of such exchanges are in Europe — a region renowned for stricter regulations. However, 60% of European Virtual Asset Service Providers have deficient…
NBA TopShot opens to public after closed beta drives $2M in NFT sales
NBA TopShot, the flagship non-fungible token (NFT)-powered game built by Dapper Labs on their Flow blockchain, has launched in open beta. The transition to public beta came on October 1, alongside Top Shot’s launch on the Samsung Galaxy Store. Top Shot is the first app offering blockchain-based collectibles to launch on Samsung’s mobile shop. It is not yet available in the Android app store. Top Shot allows users to collect multi-media “moments” of varying scarcity representing significant highlights across basketball’s history. The limited edition tokens feature video and statistics depicting…
Bitcoin Vulnerable to More Losses After Another Rejection Near $10.9K Highs
Bitcoin price is down over 2% and it faced another rejection below $11,000 against the US Dollar. BTC remains at a risk of more losses below $10,350 and $10,250. Bitcoin is failed again to clear the main $10,950 and $11,000 resistance levels. The price is down over 2%, and it is trading below the $10,700 level and the 100 hourly simple moving average. There was a break below a major bullish trend line with support at $10,690 on the hourly chart of the BTC/USD pair (data feed from Kraken). The…
Smart Contract Protocol RSK Attempts to Bring Defi to the Bitcoin Network
During the last year, Ethereum has dominated the decentralized finance (defi) ecosystem but a number of other blockchain projects plan to join the fray. The second layer, smart contract protocol RSK aims to bring the defi demand to the Bitcoin blockchain and there’s already a few RSK-based defi projects in the wild. In the world of defi, users leverage applications that delegate traditional finance concepts like issuing assets, lending, borrowing, trading, and earning interest in a noncustodial manner. Crypto proponents have certainly noticed the creative and sometimes highly experimental defi…
Why Record High $11B Inflow In DeFi Buoys Chainlink Momentum
The total value locked away in DeFi applications has breached over $11 billion and is still climbing. This record inflow of decentralized finance capital could continue to propel Chainlink’s bullish momentum further. Here’s why this cryptocurrency central to DeFi data could surge higher alongside this rapidly skyrocketing statistic. DeFi Inflows Peak Over Record $11 Billion, Trend Shows No Signs of Slowing Down The DeFi movement has helped bring cryptocurrencies up from out of the bear market gutter and back into the limelight of the financial world. These newfound ways to…
Fiat inflation has cost Bitcoin hodlers 20% over the past decade
Bad news — the increase in the Bitcoin (BTC) price over the past decade may have been overstated because of the accompanying fiat inflation. Since Bitcoin is typically denominated in fiat — United States dollars usually — it is not immune to its depreciation. Bitcoin price versus Bitcoin price adjusted for inflation. Source: Cointelegraph. In the decade that followed the economic crisis, the U.S. enjoyed some of the lowest inflation in history, which hovered around 2% annually. However, over the decade, this added up to almost 20%. Thus, if we…
Cryptocurrency Exchange Operator Diginex Begins Trading on Nasdaq
Cryptocurrency exchange operator Diginex has announced the start of its listing and trading on Nasdaq. Digital assets financial services company Diginex Limited announced on Thursday that it has completed a business transaction with 8i Enterprises Acquisition Corp., a Nasdaq-listed special purpose acquisition company, which allows it to list and trade on Nasdaq. The company details: Diginex Limited will trade on Nasdaq under the ticker symbol ‘EQOS’ where it will offer investors the opportunity to participate in the growth of digital assets. The announcement adds that the company’s warrants will trade…