Altcoin Crypto Analysis Cryptocurrency News

These three factors could determine the mid-term fate of Cardano (ADA)

Cardano (ADA) has been one of the hottest cryptocurrencies throughout 2020, posting gains that have only been rivaled by Tezos and Chainlink. Increased usage rates and notable development progression has helped drive this uptrend, allowing the cryptocurrency to climb over 270 percent from its March lows. There are a few critical factors that could influence Read more…

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Bitcoin Cryptocurrency News

53% of Bitcoin Options Just Expired, Marking a Historic Milestone

Bitcoin and Ethereum just saw their largest respective options expiry ever, marking a major milestone for the cryptocurrency market This expiry took place earlier today and it did not coincide with any intense volatility, despite what some analyst had forecasted It now appears that the volatility associated with this event did occur earlier this week Read more…

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Cryptocurrency News DeFi Ethereum

Some Ethereum DeFi Users Are Making 100% APY But There Are Multiple Risks

Unlike Bitcoin, which has stalled in the low-$9,000s, Ethereum-based decentralized finance (DeFi) has seen exponential growth over the past few weeks. Camila Russo, a former Bloomberg journalist turned Ethereum publicist, noted on June 19th that the amount of value locked in DeFi applications is up 40% in the past seven days alone. Due to a Read more…

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Cryptocurrency News

Cardano (ADA) Shelley Haskell testnet finally gets its own Daedalus Wallet

Cardano wallet version 1.0.0-STN1 was designed purely for stake pool operator testing and is the first out of many Daedalus releases that is compatible with the Shelly (Haskell) testnet. Stake pool operators can now test the Haskell version of the Daedalus Wallet Less than two weeks after opening up the Shelley testnet to all stake Read more…

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Blockchain Cryptocurrency News

Major Tokyo Company To Use Blockchain To Trade Excessive Electricity

A local report indicated that Tokyo Electrical Energy Firm Holdings Inc (TEPCO) has partnered with the Japanese trading company Itochu Corp, to develop a blockchain-based platform to trade surplus of electricity between households. Blockchain-based Trading Platform For Electricity According to the Nikkei, TEPCO and Itochu signed the partnership to utilize blockchain technology for the upcoming Read more…

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Cryptocurrency News Ethereum Uncategorized

Ethereum DeFi Protocol Assures “User Funds Are Safe” After Rumored Attack

One of Ethereum and crypto’s “hottest use cases,” decentralized finance, got a big scare on June 17th as some market participants thought that a key application was being attacked by a bad actor. The application’s operators have since assured the community that user funds are safe. Ethereum DeFi Protocol ‘Hack’ Scares Users On June 17th, Read more…

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Blockchain Cryptocurrency News

World Economic Forum Names Chainlink a 2020 Pioneer

Chainlink has been included in a top list of technology pioneers by the World Economic Forum. The selection consists of some of the biggest names which are leaving their mark in several industries, including blockchain and other tech innovations. Among The Most Promising Tech Integrators Upon the 20th anniversary of the Tech Pioneers community, The Read more…

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Cryptocurrency News Ethereum

Another Sketchy Ethereum Transaction: User Pays $500k Fee to Send 3,200 ETH

Yesterday, the Ethereum blockchain saw two suspicious transactions: a single, unmarked address unknown by the crypto public sent two transactions both with a transaction fee of 10,668 ETH during a 16-hour time span. The first transaction, which cost $2.5 million, sent $130 of value. And the second, which also cost $2.5 million, sent $87,000 worth Read more…

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Blockchain Cryptocurrency News

Tether’s Dominance Solidified as more Exchanges Launch Bitcoin USDT Futures Contracts

In brief: In the last week, two prominent crypto exchanges have launched Bitcoin USDT perpetual contracts. They include Bybit and KuMex (KuCoin’s derivatives platform.) Tether (USDT) is ranked 4th according to market cap.  Its website states the company has $6.229 Billion in assets.  Trading of Bitcoin futures contracts has become more popular as crypto traders Read more…