In an attempt to serve as the next generation of DLT, Polkadot has announced plans to establish decentralized and trustless bridges to enhance interoperability among various networks. Parity Technologies is developing the first generic bridge that will enable all Substrate-based chains to connect and communicate with each other.Polkadot’s Decentralized BridgesThe blockchain project behind the sixth-largest cryptocurrency by market cap announced its latest developments in a press release...
Read More »Ripple Seeks Documents on Bitcoin and Ethereum from the SEC
The legal dispute between Ripple and the SEC continues with full force as the payment processor has requested the Commission to produce documents regarding Bitcoin and Ethereum – as they were officially deemed not to be securities.At the same time, thousands of XRP holders have asked the federal judge in charge to serve as third-party defendants as well.Ripple Seeks Documents on BTC and ETHThe latest developments in the Ripple vs. the SEC lawsuit came to light yesterday following a new letter...
Read More »Ethereum Price Analysis: ETH Showing Strength Against BTC, Still 30% Below Feb Highs
ETH/USD – Market Falls Beneath Ascending Price ChannelKey Support Levels: $1755, $1695, $1620.Key Resistance Levels: $1800, $1875, $1940.Ethereum performed well over the weekend, clocking in a fresh March high at $1940 on Saturday. It dropped back below $1900 on Sunday and continued to break beneath the March ascending price channel yesterday with the 5.2% price fall.The price drop caused ETH to head back into previous resistance at $1755, which had provided support for the market throughout...
Read More »CoinZoom Now Supports Apple Pay, Google Pay and Samsung Pay
[PRESS RELEASE – Salt Lake City, Utah, 16th March, 2021, // ChainWire ]CoinZoom, a U.S. regulated cryptocurrency exchange and leading financial technology company, today announced that the CoinZoom Visa card, now supports Apple Pay®, Google Pay™ and Samsung Pay. This provides CoinZoom users with more options for cashless, contactless payments using their smartphone or other devices, while still getting all of the benefits and security of the CoinZoom Visa card.The CoinZoom Visa card is one of...
Read More »AAVE Enables Uniswap and Balancer LP Tokens for Collateral
AAVE, one of the market’s leading lending protocols, brings further offerings to its value proposition. In a recently released announcement, the protocol revealed that they have now enabled Uniswap and Balancer LP tokens to be collateralized on the platform.AAVE currently holds over $5 billion in total value locked, according to data from DeFi Pulse, and it ranks third in terms of this metric, trailing behind Maker and Compound.In a recent announcement, however, the protocol has taken steps...
Read More »A New Low: Less Than 24% of ETH Is Held on Centralized Exchanges
As ETH’s price settles around $1,800 following the latest slumps, Ethereum investors continue to withdraw their holdings from centralized exchanges. Consequently, this has led to a new low of ETH tokens held on such trading venues, according to on-chain data.ETH Held on Exchanges Mark a New LowData provided by the analytics company CryptoQuant informed that the number of Ethereum tokens held on centralized exchanges has been gradually decreasing since the last quarter of 2020. At the time,...
Read More »Cardano (ADA) Price Analysis: Risk of a Downside Break
ADA price failed to correct above $1.100 and extended its decline against the US Dollar. The price is now consolidating near the $1.000 support and well below the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $1.100 on the 4-hours chart (data feed via Bitfinex). The price remains at a risk of a sharp decline below the $1.000 and $0.9800 support levels. Cardano price is showing bearish signs below $1.100 against the...
Read More »Ethereum Price Analysis: ETH Correction Reaches Crucial Juncture
Ethereum price traded as high as $1,947 before starting a downside correction against the US Dollar. ETH price is currently trading near the $1,700 support and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $1,720 on the 4-hours chart (data feed from Coinbase). The pair could decline heavily if there is a clear break below $1,720 and $1,700. Ethereum price is correcting gains from well above $1,900 against the US...
Read More »Alleged Crypto Miner Malachi Salcido Sued By Investors
A man in Washington named Malachi Salcido is being sued by multiple investors who claim he falsely touted himself as a crypto mining expert. Malachi Salcido Is Being Sought for Misuse of Funds Salcido allegedly owned a company called Step Change, which was built to mine and extract new digital coins. Investors plunked down as much as $8.5 million into the company, only to see it completely dissolve not long after. They are now out all that money and say they were lied to...
Read More »Institutions Coming in Have Turned Bitcoin Into an Asset Class, Says Mike Novogratz
Young Americans want to buy bitcoin, and they will use the stimulus checks to do so, said Galaxy Investment Partners’ CEO Mike Novogratz. He added that the primary cryptocurrency had become a proven asset in the past few months with the entrance of giant institutions and corporations.Retail Pushed Bitcoin Higher, Says NovogratzThe first-ever cryptocurrency went on a wild run in the past few days. During the weekend, bitcoin broke its previous ATH, breached above $60,000, and marked a new...
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