Blockchain Cryptocurrency News

Chinese Blockchain Revolution Sees 10,000 Newly Added Firms in 2020 Alone

China’s blockchain growth in terms of newly added firms in 2020 has surpassed the total figure seen in 2017. With support from the government, startups dedicated to developing decentralized ledger technology (DLT) are increasing in number with the country looking to dominate the emerging digital landscape. Current 2020 Figures Topple 2017’s Total In a tweet Read more…

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Bitcoin Cryptocurrency News

Why a Trader Is “Cautious” in Longing Altcoins as Bitcoin Pushes $9,600

Altcoins have seen explosive growth over the past few weeks, but Bitcoin has recently regained the spotlight. With BTC and Ethereum (ETH) seemingly poised to begin to trend, investors are hesitant to go long on altcoins. Certain altcoins are already seeing harrowing pullbacks, dropping dozens of percent from their local highs established earlier July. As Read more…

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Altcoin Cryptocurrency News

Chainlink (LINK) May See a Major Crash as Textbook Bear Signal Flashes

Chainlink has been one of the best-performing crypto assets of the past few weeks and months. Since the lows under $2 seen in March, the asset has more than quadrupled, trading as high as $9.00 earlier this week. The asset’s strong performance comes on the back of an influx of fundamental developments. READ: Ripple Vs. Read more…

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Bitcoin Cryptocurrency News

Prominent Investment Strategist Gives 3 Reasons to Buy Bitcoin

Despite Bitcoin’s strong bounce from the March lows of $3,700, some remain decisively bearish on the leading cryptocurrency. Take Peter Schiff, for instance. The prominent gold bull and cryptocurrency skeptic recently wrote that he thinks the asset will soon break below $9,000, arguing that Bitcoin remains in the midst of a brutal bear market. “Gold Read more…

Cryptocurrency News

Why PayPal’s Upcoming Crypto Service is a Big Deal

Recently, rumors that PayPal is looking to begin offering cryptocurrency direct-sales began making headlines after insiders from the company, in addition to recent job postings looking for blockchain experts highlighted its renewed interest in cryptocurrencies. If confirmed, PayPal’s entry into the crypto space may result in a significant boon for the industry, by providing an Read more…

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Bitcoin Cryptocurrency News

The PayPal Bitcoin News Isn’t Entirely Bullish: Kraken CEO Explains

On Monday, the Bitcoin and crypto space saw one of the most positive news events in months. Citing three sources, CoinDesk reported that multi-billion-dollar payment giant PayPal is looking into rolling out cryptocurrency trades. A “well-placed industry source” said to the outlet: “My understanding is that they are going to allow buys and sells of Read more…

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Cryptocurrency News DeFi

Ethereum co-founder rings caution bell on DeFi surge; critics reminded of ICO boom

Decentralized Finance (DeFi) applications are becoming what ICOs were in 2017-18 and what stablecoins were in 2019. The advent of venture funds, increased social sentiment, and promises of world-changing technology are a “been there, done that” narrative in cryptocurrencies. This time, it’s DeFi applications with their huge chest-thumping — with some projects even promising 100 Read more…

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Cryptocurrency News DeFi Ethereum

Ethereum DeFi Is “Going Parabolic” But ETH Isn’t Following: Investors Guess Why

For months now, decentralized finance has been deemed one of Ethereum’s “killer use cases.” The concept of migrating financial services onto a relatively decentralized platform has been deemed a genius idea by many investors. Over the past few weeks, this has culminated in rapid growth in DeFi protocols. According to DeFiPulse, there is now in Read more…

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Cryptocurrency News DeFi

DeFi Adoption: Compound (COMP) Sees 100% Surge Amid Coinbase Pro Listing Announcement

The price of Compound (COMP) tokens is seeing a massive surge amid a manic week for the decentralized finance (DeFi) project, which included a listing announcement by U.S. crypto exchange giant Coinbase. Compound TVL Crosses $400M TVL Milestone With the number of lenders on the Compound protocol increasing rapidly, data from DeFiPulse shows the project Read more…