Day: October 23, 2020

Charles Hoskinson calls for a different kind of apoliticism than Brian Armstrong

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“My first thought was he must have been hacked”, said Hoskinson, reflecting on opening an email he received from David Barrett, the CEO of Expensify, urging him to vote for Joe Biden: Source: Twitter. Hoskinson later discovered that he was not the only recipient of the email at IOHK, but was rather a part of a bulk email blast sent to all of his company’s employees. Hoskinson remembered using Expensify, a platform which provides companies with expense management tools, in the early days of IOHK, but could not immediately recall…

South Korean gov’t doesn’t know who will protect crypto exchanges from Kim Jong-Un’s hackers

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There has been a hot political debate underway on who should take responsibility for countering North Korean hacks targeting South Korean cryptocurrency exchanges. Recently, South Korea’s financial watchdog made it clear that they do not see this issue as any of their business. According to Fn News, the Financial Services Commission, or FSC, has replied to a written inquiry from the National Assembly’s Political Affairs Committee on October 23. The FSC says that they’re not responsible for the crypto stolen during attacks from hackers sponsored by the Kim Jong-un’s regime,…

This “Green Wave” is About to Lift Chainlink Significantly Higher, Claims Analyst

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Bitcoin’s recent upsurge is finally proving to be beneficial for altcoins, as many have been able to post notable gains throughout the past day, including Chainlink. LINK has been one of the best performing major altcoins over the past 48 hours, as it has put some serious distance between its current price and its recent lows. This strength isn’t too surprising, as the cryptocurrency tends to outperform the market during uptrends. It does appear to be consolidating at the moment, however, as bulls have been struggling to propel it past…

IBM-R3 Pact Shows Tech Trumps Tribe in Enterprise Blockchain

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News this week that R3 and IBM are working together raised eyebrows, because each entity has been on different and competing sides since the early days of enterprise blockchain. From next month, the commercial version of Corda (the version big banks and the like are paying R3 for) will be made available via IBM’s LinuxOne servers, delivering a hybrid of on-premise and cloud offerings. R3 announced the news at its annual developer conference, CordaCon. Blockchain tribalism – R3’s Corda competes with Hyperledger Fabric, the enterprise blockchain heavily backed by IBM –…

Market Wrap: Bitcoin Pulls Back From $13K While Ether Falls on DeFi Cooling

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Bitcoin has pulled back from 2020’s highs while ether slips as DeFi cools off. Bitcoin (BTC) trading around $12,919.97 as of 20:00 UTC (4 p.m. ET). Slipping 1.36% over the previous 24 hours. Bitcoin’s 24-hour range: $12,731.06-$13,192.25. Bitcoin’s price had a minor pullback Friday after hitting fresh new 2020 highs that put it above $13,000 in the past week. However, analysts and traders said they were not surprised at all by the recent moves.  Read More: Active Bitcoin Addresses at Highest Since 2017’s $20K Price Record An immediate sell-off by…

Blockchain: everything you need to know

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TABLE OF CONTENTS What is blockchain? Key features of blockchain Block and transaction How does blockchain work? Types of blockchain Importance of blockchain Blockchain applications Blockchain market size Blockchain companies Blockchain, the underlying technology of bitcoin, was once just a buzzword but is now an irreversible trend that has the potential to reshape human society. 1. What is blockchain? There is no consensus on the definition of blockchain. Technically speaking, blockchain is an ever-growing append-only chain of blocks, where blocks are chained…

Stablecoins went wild in the days before Bitcoin’s recent surge

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In the days preceding Bitcoin’s latest rise in price, stablecoins went wild, exhibiting some largely unprecedented behavior. Stablecoins: all stablecoins inflow transaction and address count of all exchanges. Source: CryptoQuant. On October 18, stablecoins moving to exchanges reached record highs of 60,000 and 56,000 respectively, according to data from CryptoQuant. The outlet’s data tracked USDT on Ethereum, PAX, USDC, TUSD, DAI, SAI, BUSD, HUSD and USDK. When it comes to the total inflow of all stablecoins in terms of the dollar value, no extraordinary trends were detected. Stablecoins inflows to…

While DeFi Tokens Dropped, Total Value Locked Kept Climbing

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Since the summer peak of the DeFi explosion, top Ethereum-based tokens from the space have dumped considerably due to becoming overvalued too quickly, and Bitcoin suddenly stealing up any flowing capital share. But while this happened, the total USD value locked in DeFi applications continued to climb right along as if nothing ever happened. Is this a sign that the decentralized finance space is fundamentally sound, or is this a recipe for disaster waiting to happen? Top DeFi Tokens Come Tumbling Down, Total Value Locked Defies Gravity As well as…

Price analysis 10/23: BTC, ETH, XRP, BCH, BNB, LINK, DOT, LTC, ADA, BSV

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Bitcoin is showing signs of profit booking, resulting in a slight downturn in altcoin prices. PayPal’s crypto announcement acted as a trigger that drove Bitcoin (BTC) price to a new 52-week high. During such news-based events, traders holding short positions are caught off guard and are forced to cover their trades, resulting in the type of short squeeze seen during the Oct. 21 rally. However, after this initial burst, the next leg of the uptrend is only possible if demand picks up and the bulls continue to buy at higher…