Day: October 14, 2020

Bithumb Introduces Clover, Polkadot-Powered Blockchain Platform

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The Clover blockchain aims to bring cross-chain compatibilities to the DeFi market and will leverage Polkadot’s parachain infrastructure for transferring assets and value across different platforms. On Tuesday, October 13, cryptocurrency exchange Bithumb Global announced its new open-source blockchain platform Clover powered by the Polkadot (DOT) technology. The Clover blockchain platform functionality specifically caters to the decentralized finance (DeFi) market. Bithumb said that with Clover, its aim is to connect decentralized finance to centralized exchanges by leveraging cross-chain capabilities. Clover rests atop Polkadot’s custom blockchain framework Substrate. Bithumb said that…

Bithumb Introduces Clover, Polkadot-Powered and DeFi Focused Blockchain Platform

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The Clover blockchain aims to bring cross-chain compatibilities to the DeFi market and will leverage Polkadot’s parachain infrastructure for transferring assets and value across different platforms. On Tuesday, October 13, cryptocurrency exchange Bithumb Global announced its new open-source blockchain platform Clover powered by the Polkadot (DOT) technology. The Clover blockchain platform functionality specifically caters to the decentralized finance (DeFi) market. Bithumb said that with Clover, its aim is to connect decentralized finance to centralized exchanges by leveraging cross-chain capabilities. Clover rests atop Polkadot’s custom blockchain framework Substrate. Bithumb said that…

YouTube’s sleazy decline into scam promotion

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Last weekend, I was watching a sports stream on YouTube. Talented, fearless athletes on the screen, a glass of wine in one hand and a purring cat under the other — you know, those perfect Saturday evenings. If only the stream didn’t keep being interrupted every few minutes by annoying ads. They usually come in a series of two advertisements played in a row, which can be skipped after five seconds.  Just as I was thinking about subscribing to a paid version to free myself from learning more about flying…

Ethereum Matching Market Psychology Roadmap Leads To Bull Run Next

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Unlike Bitcoin that has yet to set a higher high in 2020 over the previous year’s peak, Ethereum’s higher high is a very important sign that a new uptrend is brewing in the crypto market. In fact, a crypto analyst has superimposed the well-known “psychology of a market cycle” chart over ETHUSD price action from the last several years, and the top-ranked altcoin tracks alongside almost perfectly. But where exactly does this chart suggest the market cycle is currently at, and how soon could the crypto market explode into a…

Blockchain Bites: Ethereum Power Users, Composability Questions, Staking Solutions

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Invest: ethereum economy, a full day of conversation, workshopping and networking around the future of money, is streaming live today until 6:30 p.m. ET. Today’s special edition of Blockchain Bites is covering all the news you need to know from invest, as well as the Top Shelf (down below) crypto news from elsewhere in the crypto-verse.  The most in-depth conference to date dedicated to the Ethereum economy is a gated event. You can register now to gain access to the day’s panel as well as video-on-demand content released in the coming days.  Now, what you need…

Blockchain health apps privatize COVID-19 data but security is a concern

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New procedures are being implemented as the world slowly begins to reopen amid the ongoing COVID-19 pandemic. While temperature checks and mandatory face masks have become the new normal, the world is also witnessing the rise of digital health apps, or “health passports.”  Many of these applications serve as a solution to trace individuals’ whereabouts or to store COVID-19 test results, which can then be presented to officials during travel or gatherings to show proof-of-health. While innovative, privacy and regulatory concerns have been expressed with digital solutions designed to trace…

Bitcoin Bulls Rejected Hard At $11,500 Retest, Rapid $250 Drop Follows

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Bitcoin price is experiencing a surge of intraday volatility, rocketing $150 in minutes then collapsing more than $250 just moments later. Here’s what is going on in the top-ranked cryptocurrency and what to watch for as price action to develops. Triangle False Breakout Rejects Bulls Back Below Resistance At $11,500 Bitcoin’s notorious volatility is back after a short-lived phase of tranquility. Explosive price action this week following a bullish breakout of a downtrend line on the heels of Square news sent the cryptocurrency well above $11,000 and kept climbing. Bulls…

Multiple data points suggest Bitcoin’s 2017-style bull run has begun

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Last week, Bitcoin (BTC) saw its price rise 6.95%, rising from $10,804 on October 5 to $11,555 by October 12. The surge marked the best performing week for the price of Bitcoin since July and data show a noticeable shift in market sentiment around the digital asset. According to data from TheTie, an alternative data provider for digital assets, the daily sentiment score for Bitcoin has reached 62.4. The metric measures the tone of conversations in Twitter to derive positive or negative sentiment in the market, and any score above…

Fidelity: Bitcoin to Decouple from Other Investment Assets with Its Market Cap Skyrocketing

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The report by Fidelity depicts that Bitcoin has major fundamentals that put it further from health and economic adverse effects. Fidelity Digital Assets, a firm focused on researching institutional asset investment, has released a report on the role of Bitcoin as an uncorrelated alternative investment that may provide portfolio optimization benefits. Fidelity Report on Bitcoin According to the report, which is the second report in its Bitcoin Investment Thesis series by @riabhutoria, there is a huge potential in the crypto industry especially with Bitcoin for institutional investors. The report by…

Bitcoin News Roundup for Oct. 14, 2020

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With bitcoin traders eyeing $12K and Litecoin pivoting to privacy, CoinDesk’s Markets Daily is back for your latest crypto news roundup! Bitcoin’s record hashrate indicates fundamentals are stronger than ever, according to Skew Markets.  Other payment companies will also likely follow in Square’s footsteps or risk getting shut out of a growing segment, JPMorgan wrote. Litecoin founder Charlie Lee told CoinDesk in an interview the project is now looking to adopt key privacy-enhancing features, which he sees as increasingly attractive to cryptocurrency users. The Global Standards Mapping Initiative is the most…