Category: News

Price analysis 2/26: BTC, ETH, ADA, BNB, DOT, XRP, LTC, LINK, BCH, XLM

boss

Bitcoin and most major altcoins remain rangebound with the exception of Cardano. Every bull market witnesses periodic pullbacks, where the weaker hands sell anticipating a top and the stronger hands accumulate for the long term. Data from Coinbase Pro shows two large Bitcoin (BTC) outflows this week, suggesting that institutions are likely continueing to buy the current dip. Comparing historical data, on-chain analytics resource Whalemap, recently said that previous macro tops in Bitcoin in 2017 and 2019 coincided with thousands of large Bitcoin transactions worth $5-7 million. However, the researchers…

Delphi Digital launches Labs wing to bolster portfolio company development

boss

Why wait for one of your investments to release a new feature when you can just build it yourself? Delphi Digital’s newly-announced expansion aims to do just that. The cryptocurrency investment, media, and research company is now adding a Labs department which will be focused on contributing to Venture portfolio company development. 0/ We’re happy to announce the next stage in @Delphi_Digital‘s evolution: Delphi Labs Our goal with Delphi Labs is simple: to become the leading contributor helping to build out the decentralized futurehttps://t.co/DEmgfPORmQ — Delphi Digital (@Delphi_Digital) February 26, 2021…

Komodo launches AtomicDEX beta bringing atomic swaps to Ethereum and Bitcoin

boss

The Komodo project launched on Friday the public beta of its latest product, AtomicDEX. The platform seeks to enable trustless atomic swaps between different blockchains, currently connecting Ethereum and its tokens to blockchains like Bitcoin, Litecoin and Dogecoin. Using atomic swaps allows users to trade directly with the native tokens. Someone buying Ether (ETH) with Bitcoin (BTC) would just exchange ownership of the respective coins on their blockchains, without having to use intermediary tokenized representations. The integration comes within a dedicated multiblockchain wallet built by Komodo, which includes the atomic swap…

Fetch.ai spinoff launches decentralized commodities exchange

boss

Mettalex, a spinoff project of Fetch.ai, announced Friday that it has officially launched a decentralized exchange for commodities trading, offering another compelling use case in how blockchain technology was disrupting traditional finance.  The new exchange aims to disrupt the commodities market through blockchain applications and other emerging technologies, such as machine learning and IoT. Mettalex has been designed to improve upon existing automated market makers and blockchain oracles. The company says its automated market markers act as a party to all trades and ensure that the platform is fully collateralized.…

A Look at the US Dollar’s Devaluation, Manipulation and Militant Backing – Economics Bitcoin News

boss

228 years ago the U.S. dollar was created and ever since then, the national currency has been both powerful and controversial at the same time. Moreover since 1971, after being backed by precious metals for decades, American dollars have been backed by nothing and estimates say a quarter of the U.S. monetary supply was created in 2020 alone. The U.S. dollar conflict has led a number of analysts and economists to believe the U.S. monetary hegemony is on its last leg. The Story of the US Dollar’s Devaluation When you…

Bitcoin price flies solo? Institutional crypto push may be overrated

boss

In the history of financial markets, there are only a few tradable assets that have conquered this frontier. Currently, Bitcoin has the eighth-highest market cap among all tradable assets in the world, including equities and commodities. Among the top 10 exchange-tradable assets, it sits right above Tencent, which Bitcoin flipped on its eventual surge past the $1 trillion mark, below which stands Facebook, which was flipped earlier this month. Bitcoin is only one step away from surpassing Google and two steps away from silver. Considering the history of commodities like…

Dubai Based Crypto Investment Fund to Convert $750 Million Worth of BTC Into ADA and DOT Tokens – Altcoins Bitcoin News

boss

A Dubai based crypto-based investment fund, FD7 Ventures says it will offload bitcoins worth $750 million and will use the proceeds to increase positions in Cardano and Polkadot tokens. According to FD7 Ventures, this switch to the two altcoins will help the fund to better serve the interests of investors who are looking to diversify their portfolios. Altcoins Preferred In his remarks following this announcement, Prakash Chand, the managing director at FD7 Ventures, touts the potential of the two altcoins while claiming that BTC “is actually pretty useless.” Chand added:…

Many pieces of the Diem puzzle still missing as launch gets delayed

boss

Back in June 2019, social media giant Facebook released the details for a much-talked-about digital currency platform dubbed “Libra.” These days, Libra is known as Diem, with the project undergoing a significant rebranding in a bid to smoothen regulatory wrinkles. A year and a half later, the Diem Association has yet to launch a digital token with regulatory approval from Swiss authorities yet to materialize. Even if Switzerland’s Financial Market Supervisory Authority, or FINMA, does grant a payment license to the digital currency project, Diem will be debuting its offerings…

DeFi mainstays headline Grayscale’s list of new products under consideration

boss

Want to buy decentralized finance exposure from your stockbroker? Grayscale may be on the cusp of making it a reality.  In a press release today, the issuer of popular exchange-traded products such as Bitcoin (BTC)-backed Grayscale Bitcoin Trust announced a list of new assets under consideration — and over a third come from Ethereum’s DeFi ecosystem. Aave, Compound’s COMP, MakerDAO’s MKR, Reserve Rights (RSR), SushiSwap’s SUSHI, Synthetix Network Token (SNX), Uniswap’s UNI and Yearn.finance’s YFI joined increasingly popular layer-one chain assets such as Polkadot’s DOT, Cosmos’ ATOM and Cardano’s ADA…

China’s CBDC is about domestic dominance, not beating the dollar

boss

For the past several years, the trade war between China and the U.S. has been at the center of international relations, with technology playing an outsized role. Within crypto, advancing interest in central bank digital currencies has become part of that narrative of geopolitical competition. Many have framed the development of CBDCs in China and the U.S. as a race — in which case, China is clearly closer to launch and, hence, the “winner.”  But a race to the finish is a flawed paradigm, and one to which Cointelegraph has…