Bitstamp, one of the world’s oldest and largest cryptocurrency exchanges, is replacing its CEO for the first time. Nejc Kodrič, the firm’s CEO who co-founded Bitstamp back in 2011, is stepping down from his position. He will be moving into a new advisory role on the company’s board of directors, Bitstamp executives told Cointelegraph on Oct. 22. Julian Sawyer, who currently serves as the managing director of the United Kingdom and Europe at major global crypto exchange Gemini, will replace Kodrič, becoming the second CEO in Bitstamp’s history. The replacement…
Day: October 22, 2020
Ethereum Gains 6% Intraday, Sets Sights For 2020 Higher High
Bitcoin shocked the finance world yesterday rocketing more than $1,000 to over $13,000 per BTC at the high. Today, Ethereum is following suit, with 6% already on the books and a chance to soar much higher is here. Here’s what to watch for in ETH and the signs to watch for if the altcoin will catch up to Bitcoin’s massive rally. Ethereum Blasts $25 Intraday For More Than 5% Pump The second-ranked cryptocurrency isn’t letting Bitcoin soak up all the limelight, and has followed the top cryptocurrency’s showstopping pump yesterday…
The Pandemic Situation Has Benefited the Crypto Industry
Despite the “Black Thursday” crash in March this year, Binance CEO Changpeng Zhao (CZ) said the panic situation has been good for crypto, especially in terms of segment growth. The comment came during an interview with Fortune hosts Jeff Roberts and Jen Wieczner. During the interview, CZ shared his opinion on several issues, including central bank digital currencies, the BitMEX saga, and regulation. But most intriguing of all was CZ’s thoughts on how the panic situation has benefited the crypto industry. Balancing the Ledger is back! For our return, Binance…
Bitcoin top signal from 2017 reappears, but here’s why it may not matter this time
In 2017, the price of Bitcoin (BTC) reached as high as $20,000 and crashed rapidly. Now the same on-chain top signal has reemerged, according to researchers at Glassnode. But besides much stronger fundamentals this time around, the ongoing rally feels significantly different for other reasons too. Bitcoin typically pulls back when whales take profit, causing a ripple effect throughout the cryptocurrency market. As such, when the overwhelming majority of the market is in profit, the chances of correction rises. The percentage of Bitcoin UTXOs in profit. Source: Glassnode 98% of…
Yearn Finance doppelganger scam tries to trick visitors out of their keys
Decentralized finance yield farming platform Yearn Finance has a doppelganger that is tricking visitors into sharing the private keys of their cryptocurrency wallets. The scam website of Yearn Finance perfectly copies almost every aspect of the original yearn.finance website down to its design, website copy and even domain name. The scammers behind the website chose the domain name “yaerm.finance,” making it look extremely similar to “yearn.finace.” They have also promoted their landing page for the search keyword “yearn finance” so it shows up on top of the search results when people…
Above $13K: Bitcoin Unfazed by Profit Takers After Rise to 2020 High
The bitcoin market looks to be shrugging off increased selling pressure from profit takers after prices surged this week. Original
Yearn Finance (YFI) Hints Major Rebound as Its Pool Attracts $80M in a Day
Yearn Finance’s native token YFI showed fresh signs of recovery after crashing by up to 72 percent from its all-time high near $44,000. The decentralized finance cryptocurrency surged by as much as 16.08 percent in the last 48 hours of trading, hitting a local high near $15,171. Its price moves remained volatile, nonetheless, as they seesawed inside a $3,000-trading range. The Yearn Finance token is consolidating upwards inside a Bear Flag range. Source: YFIUSD on TradingView.com The extreme rejections at local support and resistance levels suggested that YFI is –…
Is DeFi really a threat to centralized finance? Oct. 14-21
No major euphoria-worthy moments happened this week — the ecosystem is still cooling off. I think the biggest sign of that is Uniswap’s trading volume. After hitting a peak of slightly less than $1 billion in daily volume in early September, those numbers steadily deflated. Courtesy of Uniswap’s sleek dashboard. But despite the downtrend, I think even the current level is still well beyond the wildest imagination of a DeFi fan in 2019. For reference, those figures are roughly on par with Bitstamp or Bitfinex (even though as I write…
Ant Unveils Blockchain Product as Group Approved for World’s Biggest IPO
As Jack Ma’s Ant Group gets Hong Kong approval for its $30 billion IPO, it’s rolled out a blockchain platform aimed to protect users’ copyright. Source link
Voyager Digital Set to Enter European Market with LGO Merger
As part of the deal, the LGO and VGX token holders can swap their holdings to the new token that will come with decentralized finance (DeFi) features along with the function of staking rewards. On Thursday, October 22, licensed and publicly traded digital asset brokerage company Voyager Digital announced its merger with the French crypto exchange LGO through its new buyout offer. The company sees this acquisition as expanding its institutional services while stepping into the European market. However, the transaction still has regulatory approval pending and is likely to…