Crypto news

Guggenheim’s chief investment officer Scott Minerd is predicting that bitcoin, the world’s number one digital currency by market cap, could fall to even lower levels in the coming weeks. Scott Minerd Offers a Case of Gloom and Doom for BTC During a recent interview, Minerd claimed that bitcoin has not bottomed out yet, despite losing approximately 50 percent of its value since mid-April. He says that he is confident the price of BTC could drop to about $15,000 at some...

Bitcoin and other cryptocurrencies cannot and should not replace fiat currencies, argued the former finance minister of Greece, Yanis Varoufakis. Additionally, he supported the popular narrative that counties should aim at adopting blockchain while averting from using BTC. Bitcoin Cannot Replace Fiat Speaking to the Greek Reporter, Varoufakis, who has never been a bitcoin fan, used the opportunity to bash the asset. He touched upon one of the most notable BTC merits – the...

Polygon, a full-stack scaling solution for Ethereum formerly, known as MATIC network, plans to launch an all-purpose scalable data availability layer dubbed Avail. Polygon to Launch a General Purpose Blockchain In a press release shared with CryptoPotato, Polygon noted that Avail will provide foolproof data available while preventing data encoding proofs using erasure coding and polynomial commitments to create a two-dimensional data availability scheme. Avail is a blockchain...

The forthcoming regulations in South Korea, which will require exchanges to have a real-name account at a local bank by September, might push many smaller trading platforms out of business. They are reportedly planning to fight back by suing the government. CryptoPotato reported before that the Korean government plans to implement a new rule on cryptocurrency trading venues. It carries hefty fines on these companies, should they fail to comply with AML rules. After several...

[PRESS RELEASE – Please Read Disclaimer] What is ccFOUND? Experts say that the age of information is over. Today, everyone has access to it. We already live in the era of knowledge and wisdom (that are connected with skills and competences), because now they give us an advantage and are a scarce commodity. But today’s tools, such as Google and Wikipedia, are still the solutions of the information era. The one who creates the wisdom search tool will now win on the market....

[PRESS RELEASE – Please Read Disclaimer] 28th June 2021, Dusseldorf, Germany – The demand for increased computing power is growing at an exponential rate. Industries such as IoT, Pharmaceutical, AI, 3D Image Processing and Deep Learning all require huge bandwidth in a non-restrictive and cost-efficient approach. This is where PORT Network seeks to break new ground. PORT Network is the first decentralized P2P application which unites both Cloud and Volunteer computing on the...

[PRESS RELEASE – Geneva, Switzerland, 28th June 2021] Olyseum, a blockchain-powered social ecosystem that rewards fan engagement, is excited to announce that it has launched the world’s first star-led experiential NFT (xNFT) platform. The platform aims to fundamentally change the landscape of fan engagement by taking NFTs to the next level. Olyseum enables gamified, authentic, and meaningful interactions between celebrities and fans. More than 30 stars with hundreds of...

Stellar lumen price extended its decline and it even tested $0.2000 against the US Dollar. XLM price is now trading near $0.2600 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $0.2600 on the 4-hours chart (data feed via Kraken). The pair is likely to start a major increase if it surpasses $0.2600 and $0.2700. Stellar lumen price is facing hurdles near $0.2600 and $0.2700 against the US Dollar, similar to...

Ripple price is attempting a recovery above $0.6400 against the US dollar. The price is facing resistance near $0.6500 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $0.6500 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could start a major increase if there is a clear break above the $0.6500 resistance zone. Ripple price is slowly recovering above $0.6200 against the US Dollar....

The bitcoin agenda of El Salvador has gone from being an idea to a solid reality. The country had announced not too long ago that it was planning to ensure bitcoin would become legal tender within its borders after spending many years relying on USD. It looks like the nation has finally gotten its wish. El Salvador Is Pushing BTC Like No Other Country Beginning on September 7 of this year, bitcoin can be used legally as currency to purchase goods and services in El...