Day: November 2, 2020

eToro Is First Major Exchange to Lend Support to the Flare Network

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Today, multi-asset investment platform eToro announces its plans to participate in the highly anticipated Spark airdrop, making it the first major exchange to lend its support to the Flare project. eToro’s global network of 16 million registered users will have access to the new smart contracts token. Spark is the native token of the Flare network, a new blockchain protocol that enables the use of smart contracts for existing crypto tokens that do not natively have them. This will start with XRP, which could open the network up to decentralized…

Number of monthly users increases 130% in 1 year

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Brave Browser recently hit a major milestone: 20 million active monthly users, up from 8.7 million the same time last year. The number of active daily users has increased at a similar rate, from 3 million to 7 million. The number of verified content creators on the Brave platform has comparably expanded from 300,000 last year to nearly 1 million today. Brave is a privacy-focused browser that rewards participants for viewing ads using its Basic Attention Token (BAT). Many users choose to allot some or all of the tokens they earn…

Price analysis 11/2: BTC, ETH, XRP, BCH, LINK, BNB, LTC, DOT, BSV, ADA

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Bitcoin is facing selling at the $14,000 mark and this has resulted in several cryptocurrencies dropping below their support levels. China’s central bank governor Yi Gang has said that the nation’s digital yuan pilot projects have processed transactions worth over $299 million without any major problems. This suggests that China is much ahead of its competitors in developing and studying the central bank digital currency (CBDC). However, the European Central Bank does not want to be left behind. European Central Bank President Christine Lagarde has invited comments from the public…

UK Online Grocery Retailer Ocado Acquires Two U.S. Robotics Firms

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The sum of the deal has totaled $287 million in cash and shares: $262 million for Kindred Systems and $25 million for Haddington Dynamics.  British online supermarket Ocado Group Plc announced it had acquired two U.S.-based robotics firms – Kindred Systems and Haddington Dynamics. According to Ocado, the initiative will help it to complete the mission of solving the world’s hardest challenge in robotics, the picking and packing of groceries. Ocado Group CEO Tim Steiner stated: “The bringing together of these three great companies to help solve this challenge is…

Tron Blockchain Stalled for Hours by ‘Malicious Contract,’: Sun

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The Tron blockchain halted creation and execution of blocks due to a “malicious contract” against a super representative on Nov. 2, according to multiple reports. First reported by Crypto Briefing, the smart contract blockchain halted block production at 10:00 UTC for some two hours, according to Reddit users. The event is notable as it validates centralization concerns raised against Tron, which already holds an infamous reputation in blockchain circles. Tron uses a Delegated Proof-of-Stake (DPoS) consensus mechanism. DPoS blockchains sacrifice decentralization for throughput by centralizing certain transaction activities to majority nodes.…

Blockchain Bites: Digital Yuan’s 4M Transactions, Bitcoin’s 33-Month High, Uniswap’s Second Governance Vote

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October saw the first time the total value locked in all DeFi protocols closed below the month’s starting value. Square Crypto is sponsoring a bitcoin wallet designer. A new civil suit alleges BitMEX executives were looting profits. At stake DeFi contractionIn the last week of October, DeFi protocol tokens were bleeding red.  MakerDAO, one the largest and most successful decentralized lenders, started the week at $2.1 billion locked in. By Friday, that had dipped to $1.96 billion, according to DeFi Pulse. Compound, Aave and Curve similarly shed a few million from…

5 signs that the real Bitcoin rally may only be just beginning

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The price of Bitcoin (BTC) has pulled back substantially since its yearly high at $14,149 a few days ago. Yet, there are five signs that the real rally is only just starting. Rising “HODLing” activity, record-high fundamentals, low retail interest, higher time frame breakout and technical indicators suggest that a bigger bull run may be brewing.  Higher time frame breakout Bitcoin has dropped over 6% from its local peak at over $14,000, a level it hasn’t tested since 2017. But on the weekly and monthly time frames, it recorded a…

Cayman Islands Extends Regulatory Oversight to VASPs

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The Ministry of Financial Services of the Cayman Islands defined Virtual Asset Service Providers to include cryptocurrency service providers which include but not limited to cryptocurrency exchanges, wallet service providers amongst others. The Ministry of Financial Services of the Cayman Islands has announced that it has commenced the regulations of Virtual Asset Service Providers (VASPs) in the country. Per the official press release by the Ministry, the regulatory oversight extends to the Virtual Asset Service Providers is necessary to attract persons and entities who have an interest in such businesses…

Ethereum Struggles to Gain Momentum Following 8,170 ETH Exchange Deposit

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Ethereum faced an intense selloff yesterday that erased all of the gains that had come about due to its recent rally up towards $400. This rally was a sign of strength following a prolonged period of ETH seeing sideways trading while Bitcoin rallied. The break above $400 also held some technical significance, but the rejection here erased all the bullishness signs that had emerged. There were likely two primary factors behind the strong selloff seen after it broke above $400, including Bitcoin’s rejection at $13,800, as well as a massive…

Sanofi Offers to Acquire Kiadis for €308 Million

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The Kiadis board believes that Sanofi will provide financial and resource support to facilitate the Kiadis NK-cell medicines’ development. Global biopharmaceutical company Sanofi SA (NASDAQ: SNY) has offered to acquire cell-based immunotherapy company Kiadis. The acquisition offer was revealed in a press release by Sanofi on the 2nd of November.  Sanofi Offers to Buy Kiadis According to the press release, French healthcare giant Sanofi will acquire all of Kiadis share capital at EUR 5.25 per share. In total, the aggregate adjusted equity value would be 308 million euros ($358.7 million). Notably, the…