Day: October 9, 2020

AdEx Turns More Lucrative with Staking and Layer 2 Scaling Solutions

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AdEx, the open-source global decentralized ad network has improved greatly in the past few months, thanks to upgraded staking feature and its robust layer 2 scalability solution that makes it one of the biggest payment channels on the Ethereum network. The latest staking mechanism combined with its robust OUTPACE payment channel and DeFi products has turned AdEx into a very attractive blockchain project for the crypto community. Outpacing Ethereum Blockchain Being one of the leading protocols for blockchain and decentralized application development, the Ethereum blockchain has its fair share of…

First Mover: Bitcoin Hits $11K as Square Exposes $2.3T Corporate Money Pot

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Payments company Square’s announcement that it would put some $50 million, or 1% of its assets, into bitcoin has touched off speculation that more corporations might do the same.  Jack Dorsey, the Twitter CEO who also helms Square, is a longtime bitcoin bull, so it wasn’t a huge surprise his company would put some of its corporate liquidity into the cryptocurrency. He’s following the path of MicroStrategy CEO Michael Saylor, who has invested at least $425 million of the company’s assets in bitcoin.  None other than Changpeng “CZ” Zhao, CEO of Binance,…

AMDAX Secures First Cryptocurrency Service Registration With the DNB

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The Amsterdam Digital Asset Exchange (AMDAX) has completed what is described as The Netherlands’ first cryptocurrency service registration with the country’s apex bank De Nederlandsche Bank (DNB). Per the official update from AMDAX, a client-oriented cryptocurrency exchange firm located in the country’s capital Amsterdam, the DNB’s approval was secured after diligently complying with the regulatory rules in line with Europe’s Anti Money Laundering guidelines (AMLD5). Cryptocurrency services ranging from asset custody to trading and general investments have seen increasing growth within and outside Europe in the past couple of years.…

Looking for a Job in Crypto? Here Are 5 Skills You Need

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So, you’re trying to get a job in crypto. Do you need a degree to showcase your mastery of blockchain technology? “No,” said Columbia University adjunct professor Omid Malekan, “because that almost doesn’t exist.” This story is part of the CryptoX U series about blockchain at universities. See our ranking of U.S. universities here. Blockchain was expected to be the top-demanded hard skill in the job market in 2020, according to a LinkedIn annual report in January. Malekan, a blockchain consultant for clients like Citi who teaches an MBA course…

Resurgence of DeFi: Why Chainlink, YFI, and Aave Abruptly Spiked Upto 34%

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Decentralized finance (DeFi) tokens, including Chainlink (LINK), Yearn.finance (YFI), and Aave (LEND) strongly recovered after a prolonged slump. At its monthly low, YFI declined by nearly 64% in the past 11 days. Similarly, DeFi giants like Chainlink declined by 45% at the monthly low since mid-September. The 1-hour chart of Yearn.finance (YFI). Source: YFIUSD on TradingView.com But following Bitcoin’s lead, Chainlink, YFI, and LEND are leading the DeFi market to a strong recovery. Three major catalysts appear to be buoying the DeFi market in the last 72 hours. The factors…

Bitcoin price breaks $11K, crypto traders optimistic about BTC’s action

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The price of Bitcoin (BTC) has seen a recovery during the past week, surging by nearly 6.5% since Oct. 2. The resilience of the dominant cryptocurrency has traders pleasantly surprised, as many analysts anticipated a larger pullback. Following BTC’s rebound above the critical $10,500 support level to just over $11,000, the sentiment is turning optimistic. In the near term, traders believe $10,500 remains the most critical level for Bitcoin for numerous reasons. Most notably, it represents a historically important support level in both the ongoing cycle and previous price cycles.…

Elon Musk: Tesla’s New Battery and Cells, First Go to Model Y at Giga Berlin

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Tesla’s new structural battery design will debut in Berlin in the coming year. Tesla Inc (NASDAQ: TSLA) head honcho Elon Musk said on Twitter that the firm is presently working on new, more efficient EV batteries that are intended to be first used at its upcoming Gigafactory assembly plant located near the German capital. Berlin will use 4680 cell with structural battery pack & front & rear single piece castings. Also, a new paint system. Lot of new technology will happen in Berlin, which means significant production risk. Fremont &…

Blockchain Goes to College – Blockchain at University CoinDesk

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Let’s say you’re a 17-year-old high school senior. You finished near the top of your class, you nailed your SATs and now you’re trying to figure out where to go to college.  Option A is an elite university that will likely (but not certainly) reward you with a decent job, but it will also guarantee a crushing $200,000 in debt, and who knows what the economy will look like in four years, or even if we have an economy, or even if we have a planet? This story is part…

Volkswagen’s Skoda DigiLab Collaborates with Microsoft for Blockchain-Based Business Solutions

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Skoda DigiLab, an innovation hub under the Skoda Auto Volkswagen group, has partnered with Microsoft and Lumos Labs to create innovative blockchain-based business solutions. Tackling business challenges with blockchain Through the strategic partnership, Skoda Auto DigiLab India will be the first original equipment manufacturer (OEM) for the Microsoft Century Program, an enterprise blockchain startup platform to unearth, curate, and evangelize 100 best enterprise-ready blockchain solutions for industry-specific use cases. As per the announcement: “The program intends to identify and solve real-time business challenges and blockchain use cases faced across…

Bitcoin (BTC) Blasts Through $11,000 Following Bullish Triangle Breakout

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Bitcoin price just smashed back above $11,000 and bulls are now attempting to flip the key level as resistance turned support. The move comes following the breakout of a triangle pattern, and a sudden reappearance of weakness in the dollar’s now short-lived recovery. But the question is, how far will this rally go? Bitcoin Price Reclaims $11,000, But Can Bulls Hold It This Time? The leading cryptocurrency by market cap has now spent three days in the green. Yesterday, Bitcoin broke upward from a triangle pattern forming on daily timeframes.…