The decentralized exchange (dex) Uniswap has seen a massive amount of trade volume during the last seven days. Following Uniswap’s rapid increase in global trade volumes, the platform’s founder Hayden Adams celebrated the dex outpacing the centralized exchange Coinbase’s volumes this past weekend. News.Bitcoin.com recently reported on the decentralized finance (defi) economy’s total value locked
Month: August 2020
The takeaway: New research from RSK/IOV’s Sergio Demian Lerner reveals that Patoshi, an early Bitcoin miner assumed by many to be Satoshi Nakamoto, mined using an algorithm that was not included in Bitcoin’s first client release. This finding finally explicates why Patoshi’s hashing patterns are so much different than other, early Bitcoin miners, but raises
The U.S. stock market is on track to clock its best August performance since 1984. Meanwhile, Bitcoin (BTC) is attempting a positive close for the month, after having declined consecutively in August 2018 and 2019. However, gold futures and the U.S. dollar index (DXY) have not been in favor as both could end the month
Privacy and anonymity are the primary benefits of cryptocurrency, yet due to the transparent nature of blockchain technology, crypto transactions are not as anonymous as some may think. Rather, Bitcoin (BTC) and other cryptocurrencies are pseudonymous, as each transaction on a blockchain network is transparent, making it possible to trace wallet addresses back to their
As the price of Ethereum’s native digital currency Ether (ETH) has been showing massive strength recently, the path seems to be continuing toward new highs. Ether price ran from $220 to $445 in the previous five weeks and this is one of the biggest surges for the altcoin in the past 18 months. However, as
Bitcoin mining rig manufacturer Canaan on Aug. 31 released its unaudited financial results for the second quarter of 2020. While gross profit was up both year on year and quarter on quarter, the company still posted a net loss, albeit one which has narrowed significantly in the last twelve months. The amount of computing power
Hacktivist Bitcoin developer Amir Taaki took aim at Ethereum co-founder Vitalik Buterin on Twitter recently for essentially writing off smart contracts inventor Nick Szabo as a right-wing crank. Taaki wrote that this sort of attitude was typical of an “Eth[ereum] culture which is about sparkling burner parties, privileged digital nomads, microdosing LSD, sex orgies and
Bitcoin has seen consolidation under $12,000 ever since unceremoniously losing that pivotal price point the week before last. The cryptocurrency now trades at $11,700 as of this article’s writing, having closed its weekly candle above a crucial support. Arguably the technicals of the Bitcoin market remain in a shaky spot. Some have asserted that BTC’s
Wyoming State Representative and long-time crypto champion Tyler Lindholm has been unseated in the Republican state primaries by a candidate representing the far-right of the party. So far it is unclear how this may affect the state’s blockchain friendly legislation, although, following his defeat, Lindholm said he was “100% confident the [blockchain] laws are safe
The world’s largest cryptocurrency exchange, Binance, has targeted London commuters with new ads featuring Bitcoin. According to an Aug. 28 tweet from Binance.UK, the crypto exchange has placed new ads at 17 bus stops in London. The image shows two older generations of coins as well as a current two-pound coin used in the U.K,
Ethereum may be vulnerable to frontrunners according to Dan Robinson, a research partner with the crypto-asset investment firm Paradigm. Robinson said in a blog post, the design of Ethereum’s mempool, or a set of unconfirmed transactions, is where the vulnerability lies. He said arbitrage bots monitor pending transactions in the Ethereum mempool and attempt to
Zeus Capital has doubled down on its doomsday predictions on Chainlink (Link). It is now warning investors: “don’t get fooled… exit your positions before its too late.” The asset management firm’s involved assessment follows a sharp decline in the price of Link in the last couple of weeks. By August 28, the asset had tanked
Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. Top Stories This Week YFI price soars to $38,800 hitting $1 billion market cap — Can it go higher? Yearn.finance’s founder, Andre Cronje, has warned that YFI tokens are “worthless” — but this hasn’t stopped them from
Ether (ETH) options open interest grew by 230% to reach $393 million in the past three months. Although this is an impressive figure, it doesn’t fully reflect how the derivative instruments being used. Ether options open interest, USD. Source: Skew Strike levels appear bullish The first thing one should take note of is the most
Bitcoin bulls are currently attempting to turn weekly resistance at $11,500 into support. However, failure may be likely according to an ominous pattern the cryptocurrency is painting. Recent price action in the first-ever cryptocurrency closely mimics that of a Wyckoff distribution model. If that’s what’s playing out in the crypto market, Bitcoin could take a
Ripple Labs CEO Brad Garlinghouse believes that the U.S. Federal Reserve’s recent decision to allow inflation to stay above its 2% target objective could debase the dollar further. According to Garlinghouse, this decision is likely to lead “to further diversification of assets which will certainly be good for crypto.” The various stimulus and fiscal measures
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