Layer-2 race heats up as Loopring (LRC) price gains 430% in 2021

Cross-chain bridges and layer-two solutions have become an important topic of conversation in recent weeks as protocols compete to offer the best solution to skyrocketing transaction costs on the Ethereum network.  While a lot of the focus in decentralized finance (DeFi) has been on the creation of a sprawling multichain ecosystem following the recent emergence of Binance Smart Chain and Avalanche, those who wish to stay on Ethereum have turned to layer-two solutions like Loopring as their preferred method of escape. A recent report from Delphi Digital has identified Loopring’s…

A Review of BTCGOSU – Reviewer of Crypto Casinos

Gambling is one of the oldest pastimes that has evolved along with mankind. As humans continue to crave for the risk-reward rush, the simple guessing game that gambling was, is now technology-heavy. Offline gambling is now mostly confined to casinos at popular tourist destinations as more people flock to online casinos and gambling platforms that are dime-a-dozen. The evergreen demand for gambling opportunities means companies offering products and services in this multi-billion-dollar industry continue to innovate by adopting the latest technologies.  The introduction of Bitcoin over a decade ago and…

Is political extremism tarnishing blockchain by association?

The attack on the U.S. Capitol last month led to the deplatforming of former President Donald Trump from Twitter and Facebook. Amazon, Apple and Google stopped hosting Parler, a free speech app that had been the platform of choice for many sympathetic to extremist, far-right ideas. Gab, an alt-Twitter app that is home to right-wing incendiaries like Milo Yiannopoulos and Alex Jones, has been accused of enabling the attack by allowing violent-provoking speech on the platform. Despite this, the Gab user base has surged since the attack. Other privacy-focused chat…

Bitcoin Price Around $51K Now, Volatility Weakened BTC on Wednesday

Bitcoin is stable after a volatile Wednesday and mostly trading at $51,220. By Dmitriy Gurkovskiy, Chief Analyst at RoboForex. Bitcoin (BTC) price is over $51 now. MicroStrategy is investing $900 million in BTC. SynBiotic SE is converting some of its funds into BTC. The weekly chart of Bitcoin shows the ascending tendency with the target at $57,000. The MACD signal lines are moving upwards within the histogram area as they have already formed the “Black cross”, and that’s another signal in favor of further growth. At the same time, the Stochastic…

Bitcoin Tops $50K and Crypto’s Nouveau Riche Move In

Price Point Bitcoin (BTC) shot past $50,000 for the first time Tuesday to a new all-time high price. The gain took the year-to-date return to about 70%, and traders immediately began to discuss what comes next.  “We’re still in the midst of a violent bull run that will soon be more violent,” Ari Paul, chief investment officer of BlockTower Capital, tweeted Sunday.  “We’re concerned about the pace of these market moves and would therefore recommend proceeding with caution over the short term,” Joel Kruger, cryptocurrency strategist at LMAX Digital, said…

Can blockchain solve Covid vaccines’ chaotic rollout?

This is the last article in a special five-part Forkast.News series on blockchain, Covid-19 and the future of healthcare. To learn more about this series, please see the full episode list here. —————————————————————————— Global regulatory bodies have been approving Covid-19 vaccines at a cracking pace, with three vaccines now approved in the West. But this green light is just the beginning. In the months ahead, Pfizer/BioNTech, Moderna and Oxford/AstraZeneca need to scale up their production lines, fortify their supply and distribution chains.  While the pharmaceutical companies and vaccine manufacturers are…

BNY Mellon, Jay-Z join bitcoin train. Biden’s blockchain roadmap.

In this issue All aboard the bitcoin express Are we on the brink of an NFT revolution? DeFi now on regional Fed’s radar Crypto race in the U.S. — and a call to (blockchain) arms for Biden India moves closer to banning private crypto like bitcoin Will Hong Kong outlaw retail crypto investing? From the Editor’s Desk Dear Reader, Build it and they will come.  The eternal words of manifestation brought to life on the big screen (in the pre-Covid world of cinemas), Field of Dreams captured the magical truth…

Valid Points: How CME Ether Futures Work and Why They Matter

Trading in ether futures went live on the Chicago Mercantile Exchange (CME) late last Sunday with the February contract registering an opening price of $1,669.75.  In less than two weeks, the open price of the February contract has jumped 5% to $1747.75 as ether spot prices have continued to climb upwards of $1,700. In terms of weekly trading volume, CME ether futures contracts surpassed $160 million in its first full week of trading.  CME ETH Futures Daily VolumeSource: Skew According to Tim McCourt, Global Head of Equity Index and Alternative…

Will 2021 Finally Be the Year of the Bitcoin ETF?

There’s been renewed interest in bitcoin exchange-traded funds (ETFs) with the nomination of Gary Gensler to head the Securities and Exchange Commission and the approval of a true Canadian bitcoin ETF. Whether one gets approved in the U.S. is still unclear. You’re reading State of Crypto, a CryptoX newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions. When ETF? The narrative The big news last week was the Ontario Securities Commission approved North America’s first bitcoin ETF in Canada. An ETF, which is…

Crypto Market Cap Surpasses $1.5 Trillion Milestone as Bitcoin Touches $50,000 Levels

While Bitcoin tops the $50,000 milestone with strong bullish momentum, altcoins are not far behind. Interestingly, so far in 2021, the altcoin market has outperformed Bitcoin with a staggering 150% surge in the altcoin market cap. The overall crypto market cap has hit an important milestone moving past $1.5 trillion for the very first time. It has been a phenomenal rise for the overall cryptocurrency market so far in 2021. The crypto market cap has nearly doubled in the span of the last 45 days registering ~100% gain. This market…