Archive for September 6th, 2020

Blockchain platform commercializes digital bank guarantees in Australia

September 6, 2020 | By | Reply | 14 Readers More
Blockchain platform commercializes digital bank guarantees in Australia

The Lygon blockchain platform, which runs on IBM Public Cloud, has reportedly successfully conducted its pilot since last year with Australian banks ANZ, Commonwealth Bank of Australia (CBA) and Westpac and a group of 20 Australian businesses.  Banks are expected to issue bank guarantees in just one day once they implement Lygon compared to the […]

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Here’s why ETHUSD Perpetual swaps can do better

September 6, 2020 | By | Reply | 11 Readers More
Here’s why ETHUSD Perpetual swaps can do better

Many times, perpetual markets have outpaced spot markets for a multitude of reasons. High leverage is the primary driver of growth. It brings in new buyers and traders. Traders look for options like margining in crypto instead of fiat, and no expiry, as opposed to dated futures. This makes perpetual swap lucrative. To top this […]

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Can Bitcoin go below $10K again? The ‘Trondicator’ may have the answer

September 6, 2020 | By | Reply | 13 Readers More
Can Bitcoin go below $10K again? The ‘Trondicator’ may have the answer

The markets are bleeding out. Ether (ETH) dropped from $500 to $300 in a matter of days, people are screaming that the DeFi bubble has burst already, and are crying about their favorite “[insert food name] coin” crashing in value after a one-month-old Twitter account rug pulled 38K ETH from investors. Yes, it’s just another […]

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DeFi ‘Sucks In’ Billions in Newly Issued Stablecoins

September 6, 2020 | By | Reply | 16 Readers More
DeFi ‘Sucks In’ Billions in Newly Issued Stablecoins

Source: Adobe/Helder Almeida In the past three months, during the DeFi (decentralized finance) frenzy, the market capitalization of the five largest stablecoins increased by 52%, to almost USD 16.6bn, data shows. While the most popular stablecoin, tether (USDT), increased its market capitalization by 47%, to more than USD 14bn, smaller players, such as USD coin […]

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Bitcoin And Ethereum Scale Slower Than Cryptoverse Grows

September 6, 2020 | By | Reply | 17 Readers More
Bitcoin And Ethereum Scale Slower Than Cryptoverse Grows

Source: Adobe/Olivier Tabary Scalability is a specter that won’t stop haunting crypto. While certain (mostly newer and less decentralized) blockchains — Ripple (XRP), EOS, and Tron — boast the ability to handle thousands of transactions per second, many of the larger, established, more decentralized and secure blockchains such as Bitcoin (BTC) and Ethereum (ETH) still […]

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eToro in Discussions with Flare Networks

September 6, 2020 | By | Reply | 17 Readers More
eToro in Discussions with Flare Networks

eToro is proud to have a large community of XRP holders on our platform and keen to support the continued evolution of the Ripple ecosystem. As such, eToro is currently in conversation with Ripple and Flare Networks regarding the upcoming distribution of Spark — the native token of the Flare blockchain. Network snapshot In a tweet yesterday, Ripple partner […]

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Poll: 73.4% Of Argentinians Believe Cryptocurrencies Will Best Protect Their Savings

September 6, 2020 | By | Reply | 11 Readers More
Poll: 73.4% Of Argentinians Believe Cryptocurrencies Will Best Protect Their Savings

With the local economy continuing to suffer and the Argentinian peso devaluating, over 73% of participants in a recent poll voted that cryptocurrencies are the most efficient saving mechanism. Nearly as many responded that they have invested in at least one digital asset. Argentina’s Economy Following The COVID-19 Lockdowns The South American country had been […]

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Ethereum (ETH) price analysis: A correction or end of the rally?

September 6, 2020 | By | Reply | 12 Readers More
Ethereum (ETH) price analysis: A correction or end of the rally?

Ethereum network expanded from less than 1 million contract calls in June to 3 million per day Price action corrected aggressively in the past week, pushing the world’s second-largest digital coin 20% down A move to the $290 – $305 area would offer a great opportunity for investors looking to buy ETH Ethereum (ETH/USD) price […]

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Bitfinex Wants Dismissal of ‘Unfounded’ $1.4 Trillion Bitcoin Market Manipulation Lawsuit

September 6, 2020 | By | Reply | 15 Readers More
Bitfinex Wants Dismissal of ‘Unfounded’ $1.4 Trillion Bitcoin Market Manipulation Lawsuit

Bitfinex and sister firm Tether moved to dismiss a Bitcoin manipulation lawsuit filed against them in October last year. The crypto companies said that the allegations are baseless. Bitfinex And Tether Call For Dismissal Of ‘Preposterous’ Lawsuit In October 2019, a group of bitcoin and cryptocurrency traders David Leibowitz, Benjamin Leibowitz, Jason Leibowitz, Aaron Leibowitz, […]

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DeFi 2020 Exit Scam? SushiSwap Creator Sells 100% Of His Sushi Tokens

September 6, 2020 | By | Reply | 12 Readers More
DeFi 2020 Exit Scam? SushiSwap Creator Sells 100% Of His Sushi Tokens

The pseudo-anonymous founder of SushiSwap [SUSHI] sold all his Sushi tokens, followed by a series of reassuring tweets for his followers saying, “People asked if I exited scam. I did not. I am still here,” and that him selling the tokens “merely affected the overall price.” SushiSwap is a fork of UniSwap, which brought the […]

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