SushiSwap is widely thought to have syphoned liquidity from Uniswap but new data from Flipside Crypto, a cryptocurrency on-chain analytics resource, suggests that the decentralized exchange’s launch mechanism actually benefited Uniswap by bringing new money into its liquidity pools. On Aug. 28, SushiSwap announced that it would launch its own decentralized exchange and many in
Month: October 2020
A large goup of accomplaces allegedly financing a jihadist network in Syria have been arrested after a sting operation by French police — despite choosing cryptocurrency coupons in an attempt to cover their tracks. In a statement, police said that “constant surveillance of these networks prompted terrorist organisations to seek more opacity by using cryptocurrencies
The rising energy demand of proof-of-work cryptocurrencies such as Bitcoin (BTC) has been a hotly debated topic. But the 3rd Global Cryptoasset Benchmarking Study by the University of Cambridge shows that 76% of cryptocurrency miners use electricity from renewable energy sources as part of their energy mix. The study found that over 39% of the
SingularityNET, the AI company behind the expressive robot Sophia, is “seriously discussing” a migration from Ethereum to Cardano, after announcing a collaboration with IOHK. IOHK is run by the founder of Cardano, Charles Hoskinson, and drives the development of the blockchain platform. SingularityNET is a full-stack AI platform that lets anyone create, share, and monetize
Block Stars is a podcast series where Ripple CTO David Schwartz meets blockchain’s most innovative and impactful thinkers. In the latest episode, David talks with serial entrepreneur Sid John Leopold about the environmental impact of blockchain technology and what it means for the future of money. In a 2017 academic article, Sid analyzed the eco-friendliness
Bitcoin price is showing early signs of a bullish break above $10,800 against the US Dollar. BTC could continue higher as long as it is above the 100 hourly SMA. Bitcoin is struggling to gain bullish momentum, but it slowly moved above the $10,800 resistance. The price is now above the 100 hourly simple moving
The MakerDAO community has voted to add support for a trio of new tokens for the decentralized finance (DeFi) loans that generate DAI stablecoins. Vaults are now open for deposits of Chainlink’s LINK, Loopring’s LRC and Compound’s COMP. Community members pitched proposals to add the tokens this summer and voted for their integration via Maker’s
U.S. District Judge Alvin Kellerstein has sided with the U.S. Securities and Exchange Commission (SEC), ruling that the Canadian technology firm Kik’s $100 million initial coin offering (ICO) violated federal securities laws. On September 30, Judge Kellerstein responded to both parties’ requests for summary judgment, determining that Kik’s 2017 token sale meets the definition of
Frederik Gregaard, the incoming CEO of the Cardano Foundation, shared his perspective on FinTech’s competitive landscape and major technology trends with Cointelegraph. Discussing competition, Gregaard said that the protocol’s biggest opponents do not come from within the blockchain space: “I think the biggest competitor, it’s really the largest technology companies today around, the large tech platforms
The price of Bitcoin (BTC) has remained relatively flat for September and the strong decline in altcoin and DeFi token prices seems to be making the situation worse for many investors. Despite this lack of bullish momentum, on-chain data reveals that new participants are joining the Bitcoin network at an alarming rate. Although the price
Over the last few months, DeFi protocols including Yearn.Finance, Compound, Synthetix, and Chainlink have seen their token prices go through the roof, sparking talk that the long-awaited bull market might be here. The DeFi boom is built on Ethereum and propelled ETH’s price rise from $100 in March to $470 in August. However, the DeFi
Dash Core Group, the entity responsible for developing the privacy-focused coin DASH, publicized fresh changes to the asset’s proof-of-stake network on Sept. 30. “Dash Core v0.16.0.1 binaries are released and ready for deployment on mainnet by node operators,” said an announcement on Medium from Pasta, one of Dash Core Group’s Developers. “This is a major
During the first half of the year, betting portals that allow people to wager cryptocurrencies on the upcoming U.S. election had shown Donald Trump winning the election. However, after Tuesday evening’s Presidential Debate, betting markets like Cloudbet show Joe Biden’s chances of getting elected is favored by 61% over the incumbent Trump. Tuesday’s Presidential Debate