Archived Posts

As per Whalemap, an on-chain data analysis company that concentrates on Bitcoin (BTC) whale actions, near term clumps is seen at $10,570. Whale clusters are created when whales purchase Bitcoin and retain it. Zones containing large quantity of unspent/unmoved BTC are regarded as area of interest, usually a resistance level. Whalemap details: Whales or individuals   Read more...

Auto manufacturer Renault has trialed a blockchain venture intended to simplify conformity certification of vehicle parts. The venture, named as Extended Compliance End-to-End Distributed, also referred to as XCEED, is an outcome of Renault’s collaboration with other enterprises to build a blockchain powered supply chain solution by exchanging info. It is developed on the Hyperledger   Read more...

Mike Alfred, CEO of analytics firm Digital Assets Data, has highlighted the continuing reluctance of mainstream finance in adopting Bitcoin. Alfred gave his opinion following the filing for Bitcoin (BTC) fund by Fidelity Investments. Regarding the hesitation, Alfred has stated as follows: “Many in the traditional financial services/asset management/wealth management verticals remain deeply skeptical of   Read more...

Ryan Selkis, founder of cryptocurrency related data providing site Messari, forecast a forthcoming end of decentralized finance (or DeFi) domain, comparable to how initial coin offerings (ICOs) ended up. On September 10th Selkis tweeted “The DeFi bubble will pop sooner than people expect. We’re nearing the apex of Ponzi economics, rug pulls, and ‘yield’ hopping,   Read more...

DeFi (decentralized finance) domain, which is seeing exponential growth, is plagued with scandals as yet another dubious venture has made an exit with investors’ hard earned money. The DeFi project in question is Yfdexf.Finance. A news published by ZyCrypto states “A new liquidity mining pool DeFi project, Yfdexf.Finance has exited the market after defrauding investors   Read more...

As per a report published by Stack Funds yesterday, the hash rate of Bitcoin network remains strong and largely immune to the rainy season and blackouts in China. The argument is supported by Coin Metrics data. The 7-day average Bitcoin (BTC) hash rate has stood above 120 Terahashes (TH/s) since mid-August in spite of threat   Read more...

Ventures related to decentralized finance (DeFi) saw over 50% declines in value last week. However, after the rout, the DeFi sector has bounced back with a gain of 19% in a single day. Even Ether (ETH), the native crypto of Ethereum blockchain which hosts most of the DeFi tokens has also rallied 11% in the   Read more...

Ren, a trustless cross-chain bridge, and UMA, a permissionless synthetic asset platform, have joined together to roll out a Bitcoin pegged yield dollar named uUSD, in addition to a joint liquidity mining reward plan. The collaboration will give rise to a product that permits investors to capitalize on Bitcoin permissionlessly on the Ethereum blockchain. It   Read more...

In a step towards bringing stablecoin USD Coin (USDC) to other blockchains, USDC has now been hosted on the Algorand, a public blockchain. Notably, USDC is already available as a token on the Ethereum blockchain. Hosting USDC on Algorand provides layer 1 scalability to the asset, along with a capability to undergo 1,000 transactions per   Read more...