Day: November 26, 2020

Yearn Finance announces another ‘merger’ with the Cream lending protocol

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Two days after Yearn Finance (YFI) and Pickle Finance joined forces in DeFi’s first effective merger, Yearn founder Andre Cronje published details of another upcoming integration with Cream, a lending protocol similar to Compound and Aave. The blog post, published on Thursday, outlines how the two protocols will cooperate for the launch of Cream V2. As part of the partnership, the teams will merge development resources and introduce several symbiotic interactions between the two protocols. Yearn users will be able to put their vault tokens — their share in a…

New Report Indicates Satoshi Nakamoto Lived in London in 2008/2010

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The report that has been authored by Doncho Karaivanov reviews different factors before settling on the conclusion that Satoshi lived in London.  Although the Bitcoin ecosystem is regarded to be fully decentralized, researchers are still seeking the whereabouts of the famous Satoshi Nakamoto, who has managed to remain anonymous for the past 12 years. Apparently, a new analysis report suggests that Nakamoto lived in London while he worked on the Bitcoin project from 2008 and 2010. Over time, a lot of debates have been focused on the Bitcoin creator. According…

SQ Stock Rises 5%, Square to Acquire Credit Karma Tax for $50M Cash

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On the 25th of November, Square’s Cash App announced a “definitive agreement” to buy Credit Karma’s tax unit for $50 million cash. The stock of American payments company Square Inc (NYSE: SQ) jumped nearly 5% in reaction to the news that the company would be acquiring the tax unit of Credit Karma. In the last five days, Square stock has climbed about 14.76%. Although the deal is yet to be closed, the companies hope to complete the transaction before the end of 2020. Until then, the two companies will continue to operate…

Coinbase warns users of connectivity issues due to Amazon AWS outage

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Major United States-based cryptocurrency exchange Coinbase is experiencing “elevated error rates on some backend systems due to an AWS service outage,” according to an official post on Nov. 25 shortly after 7:00 pm PST. In an announcement posted nine hours prior, Coinbase said that trading was not being impacted at the time. The following update removed this statement, stating: “You may encounter intermittent delays or errors while transacting, as well as accessing other parts of our applications. Customer support inquiries are also delayed.” The AWS issue has had a significant impact…

3 Reasons Why Bitcoin Price Fell From $19,500 YTD High

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Bitcoin fell Thursday as a plethora of negative fundamentals catalyzed selling sentiments across the entire cryptocurrency market. #1 Overbought The BTC/USD exchange rate was trading at $16,200 during the early morning session in London, down about 17 percent from its year-to-date high established a day before. Data fetched by CryptoQuant showed an increase in Bitcoin inflow into exchanges before the plunge, suggesting that traders willingly sold off their holdings to secure a short-term profit. Bitcoin breaks out of its parabolic uptrend. Source: BTCUSD on TradingView.com Bitcoin breaks out of its…

BITCOIN BREAKING OUT?! Bitcoin Analysis November 2020

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Oxford and Cambridge Students Compete in Bitcoin Trading Competition

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Apex:E3, ConsenSys Mesh, Coinbase Pro, SIX Digital Exchange, LMAX Digital, and FTX have joined forces to organize an algorithmic cryptocurrency trading competition for undergraduate students of Oxford and Cambridge University. The competition is aimed at motivating students to develop a highly productive crypto trading system, according to a press release on November 25, 2020. Algorithmic Crypto Trading  APEX:E3, a provider of multi-asset cryptocurrency analytics tools for retail and institutional investors, has joined forces with top players in the digital currency and blockchain technology industry including ConsenSys Mesh, Coinbase, FTX, SIX…

IOTA Launches Austria State-Backed Christian Doppler Laboratory for Blockchain Research

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The IOTA Foundation, a non-profit distributed ledger technology-focused foundation has announced that it is joining a new research project, which is expected to run for seven years. The IOTA Foundation is joining the new research laboratory for blockchain technologies for the Internet of Things (IoT) as an industrial partner.  The research lab, the Christian Doppler Laboratory (CDL-BOT), will provide “cutting-edge research on DLT interoperability, the intersection of DLT with the Internet of Things and developer support offerings.”  The Federal Minister for Digital Economic Affairs in Austria has officially opened the…

Swiss Digital Asset Bank Sygnum Launches Blockchain Alternative to Stock Exchanges

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Sygnum, a digital asset finance firm with a Swiss banking license, has launched what it says is a blockchain-based alternative to listing shares on a stock exchange. On Thursday, the company announced an “end-to-end tokenization solution,” comprising of both a primary market issuance platform called Desygnate, and SygnEx, a secondary market trading venue. The solution will provide issuers a way to raise capital, grow liquidity and transfer ownership and manage corporate actions, Sygnum said. It will also bring investors access to tokenized assets, with targeted markets being venture capital, “mid…