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Cryptocurrency News Roundup for August 12, 2020.
CoinMarketCap (CMC), the Binance-owned cryptocurrency market data aggregator, has rolled out a new initiative called ‘Earn’ to encourage and help users learn about different crypto assets. Basically, Earn will allow users to watch educational videos on supported blockchain projects and take a quiz at the end to earn their rewards. origin »
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Ethereum Transaction Fees Are Going Parabolic as DeFi Continues Ascent.
Ethereum transaction fees have continued to surge as decentralized finance (DeFi) has continued its ascent to the crypto mainstream. Fees are getting so high that there are many starting to assert that solutions are necessary, lest Ethereum loses market share to other smart contract blockchains by crowding out a retail audience. Related Reading: “Rich Dad Poor […] origin »
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Bitcoin Users Leery of Tor: 23% of the Network’s Exit Capacity Compromised.
Hackers are stealing bitcoin through the large-scale use of malicious relays on the Tor network according to a newly published research report on the subject. The researcher dubbed “nusenu” said he warned people about the growing problem in December 2019 but instead of improving Tor exit relay activity “things have become even worse,” he stressed. origin »
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Bitcoin SV, Cosmos, BAT Price Analysis: 12 August.
Bitcoin recently retested the psychological resistance at $12,000 before declining to $11,400 level. While Bitcoin takes the time to gather strength for the next retest, some altcoins have managed to The post Bitcoin SV, Cosmos, BAT Price Analysis: 12 August appeared first on AMBCrypto. origin »
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Is Chainlink riding the DeFi bubble?.
The cryptocurrency market has been seeing decentralized finance [DeFi] driving growth in the crypto-verse. Recently, on 9 August, the total market cap peaked at $11 billion, however, at press time wasThe post Is Chainlink riding the DeFi bubble? appeared first on AMBCrypto. origin »
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BLOCKCHANCE EUROPE 2021:Germany's leading B2B conference and trade fair on blockchain technology!.
The international BLOCKCHANCE EUROPE 2021 is Germany's leading B2B conference and trade fair on blockchain technology and also one of the biggest in Europe. It will take place from March 30 to April 1The post BLOCKCHANCE EUROPE 2021:Germany's leading B2B conference and trade fair on blockchain technology! appeared first on AMBCrypto. origin »
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The Bitcoin Dominance Rate Seeks to Bounce From the Current Support Area.
The Bitcoin dominance rate (BTCD) has reached a crucial support level, a decline below which could trigger a sharp drop. However, technical indicators suggest that a bounce is to be expected. Possible Bounce for the Bitcoin Dominance Rate The Bitcoin dominance rate has been decreasing since May 8, when it reached a high of 68. origin »
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DEX Aggregator 1inch Secures $2.8M Funding While its AMM Mooniswap Locks $5.5M.
DEX aggregator 1inch has secured $2. 8 million in an external seed funding round led by Binance Labs. Other investors included Galaxy Digital, FTX, Dragonfly Capital, Greenfield One, Libertus Capital, IOSG, Divergence Ventures, and LAUNCHub Ventures along with Kyber Network founder Loi Luu and NEAR protocol founder Illia Polosukhin. origin »
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India Taps Blockchain Technology for Remote Polling.
India is exploring a blockchain-powered voting system for transparent, secure, and inclusive elections. The Election Commission of India (EC) organized a webinar on technology aspects involving remote voting that explored various blockchain use-cases. origin »
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Coinbase More Likely to Opt for Direct Listing Given $8 Billion Valuation.
Coinbase might soon forge a path for crypto exchanges to launch IPO’s or direct listings in the U.S following rumors that the San Francisco based firm is set to go public. A recent publication on Bloomberg Law by L2 Counsel founder, Louis Lehort, now argues that Coinbase is more likely to opt for a direct […] origin »
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Here’s the Larger Trend that Will Continue to Persist in the Markets.
Yesterday, the bitcoin price dropped by 6.6% as it went down to $11,150. Today, the prices went down even further only to make it back to $11,500. Denis Vinokourov of Beqaunt said, “The unwind of bullish positioning was clearly evidenced in the options skew, however, the correction was largely limited to the front-end of the […] origin »
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Coinbase’s Bitcoin Batching Has Saved 75% in Fees and Reduced Daily Transactions By 95%.
Bitcoin transaction batching, which combines many send requests into a single transaction on Coinbase, has saved over 75% in transaction fees, and in turn, reducing total daily transactions by 95%. In their most recent blog, Coinbase reported the findings to highlight the benefits of Bitcoin transaction batching as a scaling solution to its customers, its […] origin »
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Bitcoin Could Retrace to $9,000 if it Breaks Below This One Key Level.
Bitcoin is now hovering within the mid-$11,000 region following the intense bout of selling pressure it witnessed yesterday The decline beneath $11,200 was quickly absorbed by bulls, although BTC remains in a somewhat precarious position One analyst is pointing to massive support just below where the crypto is currently trading as a bullish factor That being said, other traders are cautioning that BTC is getting closer to a key level that could lead the crypto […] origin »
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Germany to Introduce Draft Law on Tokenized Blockchain Securities.
Tokenized blockchain securities may soon be on the same legal footing as company stocks in Germany. In the latest pro-crypto move by the German government, the country’s Finance Ministry recently published a draft bill aimed at modernizing its securities law with the introduction of provisions catering to blockchain-based assets. origin »
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XRP long-term Price Analysis: 12 August.
Disclaimer: The following price prediction should materialize within a week. XRP's price action in the past day's time wasn't very promising. With the price maintaining its consolidation near $0. origin »
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AAX Set To Launch First AAB Summer Flash Sale With 50% Chance To Get 1000 AAB For Free.
Crypto exchange AAX is set to launch its first Summer Flash Sale for its native exchange token AAB, offering a maximum of 2000 participants a 50% change to get their tokens for free. Following a suThe post AAX Set To Launch First AAB Summer Flash Sale With 50% Chance To Get 1000 AAB For Free appeared first on AMBCrypto. origin »
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Uniswap Listed NUGS and NEXE Token Projects Exit Scammed Soon After Listing.
Two token projects, namely Nugs.space (NUGS) and Nexeum Protocol (NEXE), which were recently listed on popular DEX platform Uniswap, seem to have exit scammed soon after their listings. After the news broke out about a possible exit scam, NUGS token project in their official Telegram group, claimed that their smart contract system encountered a bug […] origin »
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Coinbase to Introduce Lending Feature with Bitcoin as Collateral.
Coinbase and Square become the latest platforms to venture into the ever-growing crypto lending space. Coinbase revealed a new loan feature that would enable users to borrow cash with Bitcoin as collateral. origin »
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Lyft Reports 61% Decline in Q2 Revenues, Lyft Stock Slightly Down in Pre-Market.
Coinspeaker Lyft Reports 61% Decline in Q2 Revenues, Lyft Stock Slightly Down in Pre-MarketFollowing the Q2 2020 earnings report, Lyft stock fell. On August 12, it closed 0. 42% down, at $30. origin »
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Coinbase to allow Americans to take cash loans with Bitcoin collateral.
US crypto exchange Coinbase is going all out with its crypto offerings ahead of a purported bull run, listing DeFi projects, in-demand altcoins, and now a product for loans using one’s Bitcoin. The post Coinbase to allow Americans to take cash loans with Bitcoin collateral appeared first on CryptoSlate. origin »
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Will Coinbase Transaction Batching Redeem the Company’s Image?.
The public image of San Francisco-based Coinbase has been anything but rosy in recent months, with numerous scandals and confusing business practices. However, a recent blog post on the benefits to users through transaction batching may reflect an effort to restore the company’s public image. origin »
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DeFi Token COMP Falls 25% From Its YTD Top; Rebound Ahead?.
A mad overnight rally in the Compound (COMP) market resulted in a vast correction this Thursday. The popular decentralized finance token plunged by more than 25 percent from its year-to-date high at $268. origin »
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Numeraire up more than 170% following Coinbase listing announcement.
On August 13th, it was announced that the Numeraire (NMR) cryptocurrency was approved for listing on Coinbase Pro. Numeraire is the token that powers Numerai, a hedge fund that crowdsources machine learning to make investments in stock markets around the world. origin »
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Ethereum is at Risk of Losing a Crucial Level Following Yesterday’s Selloff.
Ethereum has been closely tracking Bitcoin’s price action in recent weeks, which caused it to see some intense bearishness yesterday The cryptocurrency’s price dove as low as $367 once the selling pressure began peaking From this point, it saw a strong rebound that allowed it to recapture that vast majority of these losses It now appears to be well-positioned to see slightly further near-term upside One analyst believes that this latest dip did put ETH […] origin »
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Binance Coin long-term Price Analysis: 12 August.
Binance Coin, the exchange token of the popular exchange Binance, has done well in the last 24 hours. The coin has seen a 1% surge and currently stands at $21. 83 per coin. The market cap of BNB is $3. origin »
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Over a Million South Koreans Now Hold Blockchain-Based Drivers Licenses.
Over a million South Koreans now boast of having drivers licenses issued on the blockchain, as per local reports Thursday. Blockchain ID Accepted Everywhere Launched just over two months ago in May, the South Korean program for issuing driver licenses over a public blockchain has already attracted over one million Koreans, showing huge interest inRead MoreRead More. origin »
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Bitcoin Could Be On The Cusp Of A Roaring Rally, According To Goldbug Dan Tapiero.
Dan Tapiero, the co-founder of Gold Bullion International and founder of DTAP Capital has predicted that bitcoin will see up to 10X returns in the coming years. Tapiero’s optimism comes despite the BTC price recently rejecting the $12K level for the second time in a span of two weeks. Why A Significant Price Surge May […] origin »
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Ethereum (ETH) Fees Reach Highest Level in History.
Ethereum fees set a new record high as mining profitability reaches a two-year high origin »
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Ethereum Classic Not Keen on Hoskinson’s Treasury Proposal.
Ethereum Classic Labs are exploring ways to protect the network and move forward following the 51% attack two weeks ago. Initial discussion on what to do are taking place today. Attendees include IOHK CEO Charles Hoskinson, as well as other stakeholders. origin »
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Tezos long-term Price Analysis: 13 August.
Tezos came very close to hitting an all-time high after XTZ's price surged by over 13 percent in just 24 hours. Since the start of July, the price action has been very promising for Tezos and this hasThe post Tezos long-term Price Analysis: 13 August appeared first on AMBCrypto. origin »
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Chainlink (LINK) Price Jumps Over 24% in 24 Hours, Stamping Hard Its 5th Position.
Coinspeaker Chainlink (LINK) Price Jumps Over 24% in 24 Hours, Stamping Hard Its 5th PositionChainlink (LINK) added around $3. 38 in the past 24 hours to trade slightly above $17 at the time of publication. origin »
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Ripple CEO Brad Garlinghouse: ?So Do I Care About the Overall XRP Market? 100 Percent?.
Ripple CEO Brad Garlinghouse, whose company owns 55 percent of XRP's supply, says that he does care about the cryptocurrency's performance origin »
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Link Price Surges 32% to Overtake Bitcoin Cash as 5th-Largest Crypto by Market Cap.
The native token of decentralized oracle network Chainlink (LINK) has just claimed a top-five spot in terms of market value. origin »
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Litecoin, VeChain, Algorand Price Analysis: 12 August.
Litecoin, VeChain and Algorand have all tested important short-term supports. VeChain looked poised for more gains. Algorand looked likely to move upward, while Litecoin broke below support and would The post Litecoin, VeChain, Algorand Price Analysis: 12 August appeared first on AMBCrypto. origin »
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Grayscale Bitcoin Trust Doubles in Dollar Value.
The value of Grayscale’s Bitcoin Trust (GBTC) increased $1. 6 billion in the first half of 2020, SEC filings show. The trust is one of the most visible venues for Bitcoin in traditional markets. This bodes well for Bitcoin as it continues to hold value during the U. origin »
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Investors Don’t Believe Ripple Is Really Worth $10B — And They’re Preparing To Unload Equity Stake At A Steep Discount.
Back in December 2019, Ripple announced that it had raised $200 million in a Series C funding round led by Tetragon and Japan’s SBI Holdings. The round reportedly valued the blockchain firm at $10 billion. origin »
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High Fees Make BTC Less Appealing for Remittances in Africa: ‘Pray Blocks Happen Quickly’.
Bitcoin trading volumes are on the rise on the African continent despite the ongoing concerns about the high network fees. Data shows peer to peer bitcoin trading platforms recorded spiked growth in volumes starting in April. origin »
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The Nebulas blockchain project releases plans for a massive DeFi ecosystem!.
Recently, the Nebulas blockchain project released it’s revised roadmap detailing the immediate future of the project and its current direction. Even though the tough times, Nebulas persevered, The post The Nebulas blockchain project releases plans for a massive DeFi ecosystem! appeared first on AMBCrypto. origin »
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Stock Trader Sees Bitcoin Hitting $14K on “Re-Accumulation” Sentiment.
Bitcoin (Symbol: BTCUSD) has enough momentum left to attempt an extended bull run towards $14,000, says Jacob Canfield. The Signal Profits founder placed the benchmark cryptocurrency on a Fibonacci Retracement graph, a set of horizontal levels that indicates where the supports and resistances are most likely to occur. origin »
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Borrow cash using Bitcoin on Coinbase.
Learn about working at Coinbase: https://www.coinbase.com/careers - Medium origin »
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VeChain (VET), University of Oxford Introduce Blockchain Evaluation Framework.
VeChain (VET), a distributed ledger technology (DLT) project that claims to be dedicated to helping users enhance supply chain management and business processes, has joined forces with the University of Oxford to propose an evaluation framework for blockchain consensus algorithms, according to a blog post on August 11, 2020. origin »
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As Bitcoin Rallies, Crypto-Focused Hedge Funds Gain 50 Percent in 2020: Eurekahedge.
Large traditional hedge funds are active in crypto, says BlockTower?s Michael Bucella origin »
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Count your Bitcoin profits - If you're a big miner, that is.
At the moment, Bitcoin [BTC] might be struggling to shrug off its resistance at $12,000. However, just a few months back, the price position was much worse. In the month of April, for instance, BitcoiThe post Count your Bitcoin profits - If you're a big miner, that is appeared first on AMBCrypto. origin »
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BTC, XRP, ADA, EOS, DASH, WGRT and LINK Price Analysis for August 13.
Which prospective altcoin can surpass the growth of Bitcoin (BTC) in the long-term forecast? origin »
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Data Firm: Chainlink Investors Are Becoming “Uncertain” About LINK Surge.
Hands down, Chainlink (LINK) has been one of the best-performing crypto assets of the past few weeks and months. As of this article’s writing, the Ethereum-based altcoin is up 20% in the past 24 hours, setting a new all-time high above $15. origin »
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Bitcoin, Ethereum lose August's first round to small-caps.
Two of the market's top cryptocurrencies, Bitcoin [BTC] and Ethereum [ETH], have been witnessing a strong surge in their values over the past few weeks. This week, however, the BTC and ETH markets appThe post Bitcoin, Ethereum lose August's first round to small-caps appeared first on AMBCrypto. origin »
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Mike Novogratz Not Losing Any Sleep Holding ‘A Lot’ of Bitcoin.
Mike Novogratz, CEO of crypto fund Galaxy Digital, has said he isn’t losing any sleep over missed opportunities in equities. On CNBC’s “Squawk Box”, hosts Joe Kernen and Andrew Sorkin pressed him to defend his bearish attitudes. origin »
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Ethereum's present highs might short its future.
There is a lot happening within the Ethereum ecosystem. Although Ether's value has struggled to break above $400, at the moment, the network is witnessing astonishing levels of activity. However, the The post Ethereum's present highs might short its future appeared first on AMBCrypto. origin »
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ECB Targets Youth in Future Euro Monetary Policy.
The European Central Bank (ECB) marked international youth day by posting a video of its president, Christine Lagarde, inviting young people to help guide the future of the Euro. Tweeted from the ECB’s official account, the video features Lagarde explaining how the central bank is the custodian of something that “belongs to you”. origin »
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MyEtherWallet to Boost Interoperability with Aave and Ren’s Integration.
Coinspeaker MyEtherWallet to Boost Interoperability with Aave and Ren’s IntegrationMyEtherWallet is helping to bring more value and interoperability in the decentralized finance ecosystem through strategic integration with Aave and Ren. origin »
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