Day: November 12, 2020

Where does DeFi go from here? Nov. 4-11

boss

This week definitely feels calmer, more positive than the last. And there’s good reason to be optimistic for DeFi bulls too, as the market posted a decent recovery since my last newsletter. People are calling it a “blue chip” rally, which means that it’s household names that are leading the charts (at least that’s the standard definition, it may also refer to their blue logos). AAVE and YFI rallied the most, followed by decent recoveries for Curve and Synthetix. These are big names, but at the same time I would…

Expert Calls on SEC to Label Ripple’s XRP as Security

boss

Ripple has so far purchased around $45 million worth of XRP with more assurance from the company executives that they may continue to purchase more to support a healthy market. XRP, the fourth-largest cryptocurrency by market cap, has been the center of discussion among experts since its emergence. A part of the cryptocurrency community sees Ripple‘s XRP as nothing but a security while others do not treat it as such. The recent comment on the status of the digital asset comes from Peter Brandt, who declared his stand rubbishing claims…

98% of Bitcoin’s ‘Unspent Outputs’ Are Worth More Than When Made

boss

A bitcoin on-chain metric has increased to three-year highs, suggesting a potential supply shortage and low odds of significant price pullback. While there are conflicting interpretations about this latest signal, many market observers are taking it to be positive for the cryptocurrency.  The percentage of bitcoin unspent transaction outputs (UTXOs) in profit recently topped 98%, the highest level since December 2017, according to data source Coin Metrics. As well, the number of UTXOs in profit reached a record high of over 110 million.  The data indicates a large number of…

Bitcoin BULLS Gearing For Continuation?! November 2020 Price Prediction & News Analysis

boss

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Discord (Krowns Crypto Cave) – Twitter – – The digital hub of all Cave related activities Krown Trading Jewel Channel – Twitch – FTX Referral (Discounted Trading Fees) – ***My fully comprehensive road map to becoming a COMPLETE Trading Boss! + VIP DIscord Access*** All my trading strategies revealed in a series of 39 Modules of Video and PowerPoint presentation format over 32 hours long + Bonus Material! Reviews inside! ***Master Your Options*** Years as a Professional Market Maker Authorized Trader synthesized…

Bitcoin Quickly Drops 3.5% After Surging Past $16k—Here’s Why It’s Healthy

boss

The price of Bitcoin (BTC) just surpassed $16,000 on the fourth retest. Yet, across BitMEX and Bitfinex, short liquidations totaled around $13 million. This shows that rather than an overheated futures-driven rally, the ongoing uptrend is organic. Still, the price of Bitcoin declined by 3.5% swiftly after reaching $16,160 on major exchanges including Binance. Within two hours, BTC rose to $16,160, dropped to $15,600, and recovered back to $15,750. It is an Organic Bitcoin Rally That is Pushing the Price Up The pullback that occurred after BTC surpassed $16,000 goes…

Central bank digital currency will replace cash in long term

boss

Deutsche Bank, the largest banking institution in Germany, is confident that central bank digital currencies, or CBDCs, will replace cash in the future. The bank’s research arm, Deutsche Bank Research, published a new report on economic estimations and proposals to assist global economies hit by the coronavirus pandemic. Titled What We Must Do to Rebuild, the new edition was released on Nov. 10. In the report, Deutsche Bank states that the ongoing COVID-19 pandemic has accelerated the “digital cash revolution.” According to the bank, this revolution will eventually enable CBDCs like…

CertiK deploys automated smart contract auditing tool

boss

Security company CertiK announced on Thursday the launch of QuickScan, an automated tool for scanning smart contracts for vulnerabilities. While it will not be a stand-alone tool, the suite is set to improve the analysis performed by the security oracles of CertiK Chain (CTK). QuickScan checks deployed smart contracts against a database of known vulnerabilities, using static and dynamic analysis techniques that check the bytecode, source code and access parameters for each smart contract. Daryl Hok, chief operating officer of CertiK, said that a smart contract analysis can be finished…

SEC Cashed in Big from Crypto ICOs in 2020

boss

With the fine from Telegram making the bulk of the charge on ICOs by the SEC, other projects also bowed to the SEC’s pressures and collectively coughed out about 40 million dollars in fines. The United States Securities and Exchange Commission (SEC) saw one of its profitable years ever with respect to cash seized from firms including crypto Initial Coin Offerings (ICOs) that fell under its regulatory purview. According to a report by Cointelegraph, the SEC raked in about $4.68 billion, with more than one quarter from unregistered ICOs and…

MakerDAO’s DAI Becomes Third Stablecoin to Surpass $1B Market Cap

boss

Rune Christensen, MakerDAO’s founder said that it is a huge milestone for the DAI ecosystem to surpass the $1 billion level. As the stablecoin industry grows immensely due to high market demand, Ethereum-based stablecoin DAI has surpassed $1 billion market capitalization. At the time of writing it had a market cap of $1,001,733,442 with its past 24-hour trading volume at $77,894,570. Notably, DAI market circulation experienced a sharp uptick in the past few days. There are 994,491,704 DAI tokens in market circulation out of the total 994,491,730 DAI tokens. Speaking…

Dash objects to ShapeShift culling of privacy coins

boss

Cryptocurrency exchange ShapeShift recently delisted three privacy coins: Dash, Zcash (ZEC) and Monero (XMR). This was an unexpected move to say the least, given the exchange’s historic commitment to privacy. As a noncustodial platform, Shapeshift did not impose user identification requirements on traders in its early days, although this began to change with the gradual introduction of a mandatory membership model, compliant with Know Your Customer rules, as of 2018. Why then, did it move to delist Dash, Zcash and Monero, even as other exchanges such as Coinbase, Kraken and Binance.US still…