The statistics for total value locked, or TVL, in decentralized finance are being rocked by Aave (LEND), a lending protocol that has now taken MakerDAO’s mantle as the most popular destination for Ethereum-based assets. According to data from DeFi Pulse, Aave holds $1.44 billion in assets as of press time, slightly edging out Maker’s $1.42
admin
Bitmain Technologies Inc. said Monday that Nasdaq-listed Riot Blockchain is buying 8,000 of its Antminer S19 Pro bitcoin miners in a deal worth $17.7 million. In a blog post, the Chinese crypto mining hardware maker stated that the machines will be delivered in batches of 2,000 over four straight months starting January 2021. “We are
The United States Postal Service, or USPS, recently filed a patent for a mail-in voting system that utilizes Blockchain and other technologies for verification. Responding to an inquiry from Cointelegraph, U.S. Representative for Florida’s 9th district, Darren Soto, voiced his excitement about this prospective development. “I think it’s a great idea,” Soto told Cointelegraph. “I’m
Historic fee pressure plaguing the Ethereum blockchain is forcing one of decentralized finance’s (DeFi) hottest projects to consider swapping tires while driving. Digital asset trust company BitGo is in the process of “reaching out” to community partners to build an Ethereum sidechain due to heightened fees, according to CTO Ben Chan in an email exchange.
Pressured by external forces, two Australian exchanges have begun to delist a number of privacy coins including Monero (XMR) and Bytecoin (BCN). On August 24, YouTuber Alex Saunders tweeted a screenshot of what appears to be an announcement from the Australian exchange, Coinspot. This announcement seemed to suggest that several privacy coins were going to
Several days ago, technology pioneer and crypto advocate John McAfee departed his own privacy-focused asset, Ghost. He has since clarified, however, that he did not leave the endeavor entirely. “I have not abandoned the Ghost privacy ecosystem, only the GHOST privacy coin,” McAfee told Cointelegraph in an email following his exit. “The ecosystem is centered
There is “too much money to spend,” and this will help Bitcoin (BTC) reach its next phase of huge price increases, analysts believe. In a blog post on Aug. 25, Jeroen Blokland, portfolio manager at asset manager Robeco, noted that U.S. M2 money velocity had hit historic lows. “Too much money to spend” Velocity measures
An update in the OpenEthereum client, the community successor of the Parity client for Ethereum, made the nodes running on the new version essentially useless. The bug appears to have been introduced in the 2.7.2 version of OpenEthereum, upon which the subsequent 3.0 update was based as well. Though the 2.7 release was marked as
Much of Bitcoin’s short-term market bias now hinge on the outcome of the virtual Jackson Hole meeting at the end of this week. The benchmark cryptocurrency showed signs of weakness ahead of the event. It fell by close to 1.5 percent during the early London trading session Tuesday after setting an intraday top at $11,823
Cryptocurrency firms in the United Kingdom could soon be faced with more extensive Anti-Money Laundering (AML) reporting requirements. In a consultation paper published this month, the Financial Conduct Authority proposed broadening annual financial crime reporting obligations to include all crypto asset exchange and custodian wallet providers. The regulator says that by extending its reporting rules
Decentralized finance (DeFi) credit market Aave has pulled ahead of stablecoin mint MakerDAO for the title of most collateral staked on Ethereum, according to DeFi Pulse. Aave now has $1.47 billion-worth of different crypto assets staked for credit lines, while MakerDAO has $1.45 billion in total value locked (TVL). “Reaching the highest TVL was possible
As the monthly candle close of Bitcoin (BTC) comes closer, signs of heightened volatility are emerging. With just four days until the highly anticipated CME futures contract and Deribit options expiration, BTC’s near-term direction remains uncertain. Three reasons to expect a spike in volatility over the next week are BTC’s prolonged consolidation, key resistance level
Ether (ETH) options contracts open interest have grown five-fold in the past three months to currently sit at $452 million. The $112 million set to expire this Friday could have a considerable market impact, although that will depend on the balance between bullish and bearish strategies. Ether options total open interest. Source: Skew The above
The coronavirus pandemic has forced people to change several social behavioral habits. Along with maintaining social distance from one another, people are also averse to using notes, coins or cards as they might transmit COVID-19. A new report from the Bank for International Settlements suggested that social distancing procedures and the “government-to-person payment schemes” have
Singer and entrepreneur Akon will be endorsing crypto venture capitalist and independent candidate for U.S. President Brock Pierce — and also joining his 2020 campaign team. According to online news outlet Cheddar, J.D. Durkin reported on Aug. 24 that Akon will be serving as the chief strategist for Pierce’s campaign this election year. Pierce reportedly
Bitcoin price is up well over 60% year-to-date, and has recovered 200% from the Black Thursday low. The cryptocurrency broke free from downtrend resistance, and all signs point to a new uptrend well underway. However, assets never move up in a straight line, and corrections are often healthy for long-term growth. A near-perfect top-sniping indicator