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An Ethereum whale dumping as much as 4,000 ETH on Binance this morning might have been responsible for kickstarting the crypto market downturn. How deep could the correction in Ethereum get, after such a substantial rally all throughout 2020? DeFi Trend Fallout Takes The Legs Out From Under Ethereum Bull Run Late US President John […] origin »
HSBC Bangladesh has executed a blockchain-based Letter of Credit (LoC) transaction helping reduce wait time from 5-10 days to less than 24 hours, a Nov 1 report by the Daily Star reveals. HSBC Bangladesh Issues the First Letter of Credit (LoC) on the Blockchain A Letter of Credit is a commercial document issued by the bank andRead MoreRead More. origin »
While American citizens wait for bureaucrats to pass a new coronavirus relief package, the Federal Reserve has continued to serve corporate interests and the banking cartel. Behind the curtains from the comfort of their own mansions, members of the Fed have given more stimulus to crony Wall Street corporatists than it did in 2008. origin »
Reserve Bank of Australia (RBA) has joined forces with other financial institutions and ConsenSys Software to launch a research project on wholesale central bank digital currency. The initiative aims to find out the use cases, benefits, as well as implications of the wholesale form of CBDCs, according to a press release on November 2, 2020. origin »
In a new thread on Twitter on November 2, 2020, Tron founder Justin Sun, hinted about a large-scale attack on the TRON mainnet. The attack, he said, happened during the 4.1 version upgrade period. However, he also indicated the TRON’s community efforts in responding swiftly to the attack, returning operations to normalcy before any damage […] origin »
The People’s Bank of China’s CBDC pilot program has seen $300 million worth of Digital yuan spent, as of Nov 2, 2020. This occurred over four million separate transactions. China’s Digital Future While the race for a large economy to launch a digital currency continues unabated, China is making some headway. origin »
VeChain (VET) and DNV GL’s infection risk management is set to safeguard one of the biggest annual trade exhibitions in China. My Care to Combat COVID-19 Risk According to an announcement made today, VeChain-powered infection risk management solution, My Care will be used to mitigate the possibility of the spread of the COVID-19 virus atRead MoreRead More. origin »
The decentralized finance (defi) platform cvx. finance has launched the beta version of its “Crypto Volatility Index”, otherwise known as the “CVX. ” The CVX is an index similar to the “Market Fear Index” (VIX) commonly used in traditional finance, but cvx. origin »
Axion Network’s AXN token’s price has crashed by 100% just hours after AXN token went live today on 2 November, and, according to its Telegram channel, Axion Network’s COO claimed this price craThe post Sudden minting of 79 billion AXN tokens causes 100% price crash appeared first on AMBCrypto. origin »
Ripple, the crypto startup behind one of the world’s largest cryptocurrencies, XRP, has recently announced that it joined the Civic Alliance. The alliance’s goal is to promote democracy in the US by encouraging impartial voter participation, and by joining it, Ripple seemingly decided to take on the same mission. origin »
Both Bitcoin (BTC) and the DeFi sector have grown side-by-side in 2020 following the mid-March global economy meltdown, but now, the two started moving in the opposite direction. As Bitcoin price recently surged, the DeFi sector started seeing a significant decline, which caused some to start speculating about the two potentially being connected in some way. origin »
Amid rumours of Huobi’s exec arrest and speculations arising from large USDT deposits and BTC withdrawals, the Singapore-based crypto company said in a statement today that it was “operating normaThe post Huobi reassures users amid large USDT and Bitcoin transfers appeared first on AMBCrypto. origin »
Latin American Bitcoin & Blockchain Conference, LABITCONF is historically the most relevant event in the region. This year, from December 7 to 11, it will seek to replicate the enormous success ofThe post LABITCONF 2020 8th edition with 100% VR experience and animated dissertation appeared first on AMBCrypto. origin »
The CEO of payments giant PayPal has revealed more details about the firm’s lofty cryptocurrency ambitions at a recent Q3 earnings call. PayPal CEO Dan Schulman expanded on its plans to aggressively push into the crypto sector next year, which included support for central bank digital currencies (CBDCs). origin »
Hedge fund manager Jeffrey Gundlach sees Bitcoin as an inflation hedge origin »
Bitcoin is undergoing a short-term trend reversal after hitting a three-year high above $14,000 with an inclination to test $12,000 in the coming sessions. origin »
Lightning Labs, that developed the Lightning Network, a Layer 2 payment protocol and a proposed solution for the Bitcoin scalability problem, announced the release of Pool, “a non-custodial, peer-toThe post Lightning Labs sets up liquidity marketplace on Bitcoin's Lightning network appeared first on AMBCrypto. origin »
The Cryptocurrency market has been volatile but crypto assets like Chainlink [LINK], have kept many traders afloat. The year-to-date returns of LINK were marked over 400%, while many other major projeThe post Chainlink price oracles integrate with Equilibrium appeared first on AMBCrypto. origin »
On Nov 2, Lightning Labs, one of the teams behind Bitcoin’s main side chain scaling solution, the Lightning Network (LN), added a new functionality by introducing Lightning Pool. Lightning Pool will be non-custodial and will allow interaction between participants on a peer to peer basis. origin »
World's largest crypto exchange Binance supports the approaching hard fork of Bitcoin Cash and has explained how this chain split will be handled origin »
Cryptocurrencies have proven to be one of the most lucrative asset classes of the last decade, but the potential downside risk and the number of scams have seen many investors avoid adding cryptocurrencies to their portfolio. origin »
The Dharma cryptocurrency trading platform has announced that it would be enabling bank and fiat payments for tokens on Uniswap after the second governance proposal it made was rejected. The announcement stated that it would allow Dharma users to buy Uniswap tokens directly from their bank accounts. origin »
Bitcoin may be forming a mid-term top around its recent highs, with the multiple rejections posted at $13,800 not bearing too well for its short-term outlook The cryptocurrency remains caught within a potent uptrend, but this level is proving to be incredibly difficult for bulls to break If they continue failing to find any stability around this level despite the bullish monthly candle close, it could point to weakness amongst buyers One analytics firm is […] origin »
The open, scalable, and interconnected economy of the future. - Medium origin »
Online payments giant, PayPal, recently made quite a commotion in the crypto industry when it announced plans to add support for Bitcoin and a few other coins. Now, its senior executives revealed some additional details regarding the company’s crypto plans. origin »
Hong Kong’s government is planning to change the rules for crypto trading firms that operate or offer services within the city. Clara Chiu, the director of licensing at the Securities and Futures Commission (SFC) disclosed these details through a keynote speech during the Hong Kong FinTech Week 2020. origin »
In the past 45 days, Bitcoin’s price has crossed $13700, currently trading above $13400. The price has sustained above the $11000 level and recorded the highest monthly close since 2018. In this durThe post BTC-Defi Correlation in the past 45 days, as negative as it gets? appeared first on AMBCrypto. origin »
Cryptocurrency trading isn’t easy. However, there are many people who have honed the art of trading bitcoins and altcoins on a daily basis. Trading bots are used by many cryptocurrency traders to execute trades faster and more efficiently, and sometimes even in their sleep. origin »
In the last year, stablecoins have gone from representing just a tiny fraction of global cryptocurrency trading volume to more than half of it. This, because more users than ever before now use stablecoins to exit volatility, invest, and make payments. origin »
Blockchain payments startup Ripple has joined an alliance comprising of almost 1,000 major U.S. companies and CEOs calling for calm and fairness in Tuesday's presidential election. origin »
Like many other altcoins, Chainlink (LINK) faced a strong correction in September and October after the summer highs were set. From its summer high and all-time high of $20, set in the middle of August, LINK corrected more than 50%, bottoming around $7. origin »
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice With Ethereum 2. 0 coming ever closer, ETH's prospects look good. origin »
A civil lawsuit has been filed against the firm HDR Global Trading Limited, the parent company of the exchange Bitmex, alongside the three cofounders Arthur Hayes, Ben Delo, and Samuel Reed. Plaintiffs allege “the defendants’ Hayes, Delo, and Reed looted about $440,308,400 of proceeds of various nefarious activities. origin »
Crypto Fear and Greed Index stayed unchanged from the previous day at 71. The weekly and the monthly candle closed at $13,800 which is a high timeframe resistance level, and the last major level beforThe post Chainlink, IOTA, DigiByte Price Analysis: 03 November appeared first on AMBCrypto. origin »
The team at Eximchain project, founded by MIT graduates, intends to stop developing the network over a massive lack of funding origin »
While Bitcoin witnessed a minor pullback on the 24-hour window, altcoins collectively witnessed strong corrections. XRP was set back by almost 4%, consolidating right above its immediate resistance. origin »
Bitcoin has undergone a strong move higher over the past few weeks. Analysts think that current macroeconomic trends could result in a further surge in the price of the leading cryptocurrency. Bitcoin Could Surge Higher Amid U. origin »
The Bitcoin (BTC) price has been decreasing since reaching a high of $14,100 on Oct 31. There are several bearish signals that suggest BTC could drop at an accelerated rate if it breaks down from the current parallel ascending channel. origin »
Bitcoin failed to hold on to $13,700 over the past few hours and slid to $13,400. A deeper correction could be in play as analysts expect a move to $12.7-$12.9k. Altcoin markets took a hit on Bitcoin'The post Bitcoin Cash, EOS, Dogecoin Price Analysis: 03 November appeared first on AMBCrypto. origin »
Prominent cryptocurrency exchange Gate. io recently announced that more than $10 million worth of USDT was raised through its initial exchange offering (IEO) platform dubbed Startup. Startup Proves to Be a Resounding Success Notably, Startup was tapped by projects such as W3ooTrade (WOO), CoralSwap (Coral), and Juggernaut (JGN) which were, collectively, successful in raising more thanRead MoreRead More. origin »
China’s expanded central bank digital currency (CBDC) development has reached a new milestone of 2 billion yuan in total payments processed despite still being in the testing phase. With a few countries having released their own sovereign digital currencies, stakeholders are calling for more international collaboration on CBDCs. origin »
Chainlink (LINK) started a sharp decline from the $11. 60 resistance zone. The price is now trading well below $10. 50 and it seems like the bears are aiming a test of the $9. 00 support. Chainlink token price started a major decline after it failed to clear the $11. origin »
Another week has passed us by and Chainlink continues to remain consistent in the market. Shying away from any kind of explosive movement, LINK has surprisingly maintained a steady bullish decorum. origin »
Acknowledging that he called the launch of the ETH 2. 0 deposit contract ‘a touch early,’ ConsenSys's Ben Edgington has now shared the latest developments regarding Phase 0, the Medalla testnet, anThe post ETH 2. origin »
Hong Kong's government is set to change the rules for cryptocurrency trading firms operating within the city jurisdiction. origin »
Bitcoin price struggled to settle above the $13,700 resistance and declined below $13,500 against the US Dollar. BTC is likely to retest $13,000 before it could rise again. Bitcoin started a fresh decline after it faced a strong selling interest near $13,700. origin »
The world is now just one day out from the 2020 U. S. Presidential Election, an event that will undoubtedly have far-reaching implications that impact Bitcoin, altcoins, and the traditional markets for potentially years to come. origin »
PayPal’s cryptocurrency products are going to expand rapidly in 2021, executives said on the company’s third quarter earnings call Monday. origin »
The open, scalable, and interconnected economy of the future. - Medium origin »
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