Cryptocurrency News

How NFTs, DeFi and Web 3.0 are intertwinedWhile blockchain itself provides the technology constructs to facilitate exchange, ownership and trust in the network, it is in the digitization of value elements where asset tokenization is essential. Tokenization is the process of converting the assets and rights to a property into a digital representation, or token, on a blockchain network. Distinguishi

Bitcoin suddenly hits $60K as a new resistance battle liquidates $850M Bitcoin (BTC) returned to $60,000 on April 10 as a bout of long overdue volatility hit the market in line with analysts' expectations.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingviewCointelegraph Markets Pro and TradingView showed a sudden push allowing BTC/USD to exit the $50,000 corridor overnight on Friday.Bitcoin

Oasis Foundation announces implementation of Tidal DeFi insurance platformThe Oasis Foundation, an offshoot of Oasis Network developers Oasis Labs, announced in a blog post on Friday that decentralized finance (DeFi) insurance and coverage provider Tidal Finance will be implementing a version of their platform on the Oasis Network. The blog post noted that insurance will be important for users of

Watch these key technical levels as Bitcoin price nears $61,800 all-time highThe price of Bitcoin (BTC) has surpassed $61,000 on April 10 for the first time in nearly a month. Following the breakout, traders are starting to look at new levels of resistance and support in the short-term as optimism returns to the market.In the near term, besides the all-time high at around $61,800, there are three

XRP Soars 31% As Investors Gain XRP was trading at $1.32462 by 12:04 (16:04 GMT) on the Index on Saturday, up 30.86% on the day. It was the largest one-day percentage gain since April 5.The move upwards pushed XRP's market cap up to $59.14871B, or 2.88% of the total cryptocurrency market cap. At its highest, XRP's market cap was $48.50411B.XRP had traded in a range of $1.00711 to $1.32470 in t

Tenderbake Testnet Launched on TezosTenderbake Testnet launched on Tezos.The Tezos ecosystem has seen its share of significant upgrades.Tenderbake is a solution to dynamic repeated consensus for Blockchains.Nomadic Labs’ team has recently released a Tezos test net. According to a post on Medium, this will be running a new type of consensus algorithm named Tenderbake,The announcement adds,Tenderb

All that mined is not green: Bitcoin’s carbon footprint hard to estimateThe debate around the environmental impact of the Bitcoin mining ecosystem is heating up once again as academics have provided a fresh dose of perspective on the subject. In an opinion piece written by Noah Smith, a former assistant finance professor turned columnist, took aim at the Bitcoin (BTC) mining industry in March, s

How the digital yuan stablecoin impacts crypto in China: Experts answerThis is part one of a multipart series on blockchain and crypto in China.China has been discussing the possibilities of national digital currency for half a decade, and the Chinese digital yuan project — referred to as the Digital Currency Electronic Payment, or DCEP — has years of history. Back in 2014, the People’s Bank

FIL on the rise: Filecoin’s upcoming production cut alters tokenomicsFilecoin (FIL) is one of the most prominent coins in the storage sector of cryptocurrencies. In the past month, the price and market capitalization of FIL has rocketed to new highs. On April 1, the coin reached $233.68 along with breaking into the top 10 cryptocurrencies by market capitalization. Basically, Filecoin is a decent

DeFi’s critical missing piece: Credit scoresOver the last 12 months, the remarkable growth in decentralized finance has been driven by one thing: the ability of users to earn strong yields on their crypto assets by lending, staking and providing liquidity. Depending on your risk appetite, gains from DeFi investments can run tens or even hundreds of times higher than standard returns in the tradi

Southampton Football Club Can Receive Bonuses in BTCEnglish Premier League’s (EPL) club, Southampton, can receive bonuses in BTC.The Football space seems positive about cryptocurrencies.Due to the new sponsorship deal, English Premier League’s (EPL) club, Southampton, will have a chance to receive bonuses in Bitcoin.Southampton has entered into a new agreement with a major sponsor. The footbal

Binance Tops Chart as the Most Visited DEX in MarchSimilarWeb says Binance received the most web traffic in March 2021.Binance had 285 million visitors in March 2021 alone.This was a 37% increase from the visitors they had last month.According to a SimilarWeb report, Binance has secured the top spot as the cryptocurrency exchange with the highest web traffic in March 2021. The report was shared by

Hester Peirce: Government Will Have a Hard Time Banning BTCHester Peirce believes that the BTC ban is impossible unless there is no internet.She thinks with the new SEC chairman, things could go in the right direction.The crypto regulation topic is still complicated as there are different views.Hester Peirce, Commissioner to the US Securities and Exchange Commission (SEC), believes the government

Coinbase Lists 1INCH, ENJ, NKN, and OGN, Prices SurgeCoinbase listed 1INCH, ENJ, NKN, and OGN cryptos on its exchange platform.All 4 cryptos saw a brief surge in price following the announcement.Coinbase announced its official listing of four new cryptocurrencies on its exchange platform earlier today. As of now, Coinbase supports 1inch (1INCH), Enjin Coin (ENJ), NKN (NKN), Origin Token (OGN).1INC

The Push For Higher Blockchain Adoption In 2020The hype surrounding blockchain technology reached a peak in 2018. The number of crypto millionaires surged as regular folk with FOMO had hopes of hitting the crypto lottery and cashing in on the investment. Although the technology has existed since 2009, it is only in the past three years that blockchain has become attractive for many businesses and

You Want Clean Bitcoin? Here’s How That Can HappenCryptocurrencies have always been controversial. Some people argue about whether they should be valuable. Others debate their morality and how they’re excellent for criminal operations. Finally, even experts weigh up whether they’ll crash or not.That brings us to clean Bitcoin. You might think the “clean” in its name refers to being legit

Enterprise-level partnerships send VeChain (VET) price to new highsReal-world partnerships and integrations into thriving industries are some of the best forms of validation for blockchain projects that are seeking long-term sustainability and widespread adoption. They also have the ability to spark rallies that trigger long-term price appreciation as brand awareness spreads. Since February enterp

Celo Foundation releases 2020 transparency reportThe Celo Foundation has released its annual transparency report for 2020. The report, which was made publicly available on April 9, 2021, details the foundation’s balance sheet and expenses in 2020.The foundation contributes grants to research, education, community engagements, and outreach efforts geared towards developing the ecosystem. In their

SingularityNET (AGI) rallies 1,000% as industries aim to merge AI with blockchainThe internet has reshaped society over the past 40 years, and experts are predicting that digital technologies and artificial intelligence will continue to transform how humans interact with data for the foreseeable future.One AI-focused cryptocurrency project that has seen tremendous growth since the beginning of 202

Exchange tokens rally ahead of next week’s Coinbase Nasdaq listingCentralized cryptocurrency exchanges (CEX) have received increased attention over the past couple of months as excitement builds over Coinbase's April 14 NASDAQ listing and the exchange's recent announcement that it pulled in $1.8 billion in revenue during the first quarter of 2021. Even as decentralized finance (DeFi) and popular

Layer-2 protocols saves Immutable X NFT traders over $414kAs reported by BTC Peers this week, Immutable X in an effort to advance the growth of the non-fungible token (NFT) market launched a layer-2 protocol that will enable gas-free trading. It's here.

CREAM’s Iron Bank upgrade stablecoin interest rate modelIn an effort to push its utilization rate to 80%, CREAM’s Iron Bank has lowered its stablecoin interest rate slope by 50% (between 0% and 90% utilization rate).The team explained that the new update would increase protocol capital efficiency and allow borrowers to obtain better interest rates at the same utilization rate. For instance, th

SEC approves Exodus wallet for Regulation A stock offeringCrypto wallet provider Exodus recently received the green light from the United States Securities and Exchange Commission to sell shares of its operation. According to a public statement from Exodus on Thursday: “Exodus Movement, Inc., a Delaware corporation that has developed a leading non-custodial cryptocurrency software platform, rece

Polkadot rolls out runtime upgradeThe Polkadot team has released a runtime upgrade to lower the amount of DOT tokens needed for nominators to stake to get rewards.Protocol v0.8.30 was released on April 8, 2021. The low-priority upgrade is meant to reduce the minimum staking requirements from a current 250 DOT to almost zero. With Polkadot exchange hands at around $40, nominators would need to stak

NFT gaming and a tsunami of trading volume lift Waves to a new all-time highNonfungible tokens (NFT) have handsomely rewarded early investors over the past few months, especially as they gained mainstream attention thanks to record-breaking digital art sales and well-known influencers like Paris Hilton throwing their support behind the sector. April has seen the hype behind NFTs quiet down some, b