Crypto news

A recent report exploring the Q3 2020 developments in the decentralized finance ecosystem confirmed the narrative that it was the best quadrant for the entire field.Additionally, it highlighted Ethereum’s massive role as the underlying technology but also broached several potential competitors, including TRON and EOS.Confirmed: DeFi Exploded In Q3 2020The analytics company Dapp Radar posted its quarterly report on the DeFi progress this week. It described Q3 2020 as the “best quarter for the...

The concept of central bank digital currency (CBDC) has progressed quite well and is becoming inevitable. It is a new form of fiat currencies issued by central banks in digital form using centralized or permissioned distributed ledgers.Many countries are researching or are already closer to launching a national digital currency. But a joint paper coordinated and published by the Bank for International Settlements (BIS) on Friday revealed that central banks are getting involved in the CBDC...

The cryptocurrency industry has no doubt been maturing over the past couple of years, especially after the parabolic market development in 2017.The underlying technology behind cryptocurrencies – blockchain (or distributed ledger) has become more appealing to a range of corporations for various reasons. CryptoPotato recently reported that the tech mogul IBM has partnered with the Bank of Thailand and issued the first Government savings bond on the blockchain.Recent findings indicate that...

Bitcoin took a break from trading during the month of September, with relatively low volatility. As shown on the following 4-hour chart, the marked symmetrical triangle was basically the story of September: Started with a massive dump and a slow consolidation, since then, around $10,600. As can be seen below, Thursday signaled a breakout – in favor of the Bulls. Since breaking the triangle at $10.8K, we saw a healthy consolidation and finally a breakout of the $11-11.2K area,...

After trading below $11,000 for weeks, Bitcoin finally broke above that psychological level with a 5% increase in the past 24 hours. The altcoins have come along for the ride, and the market cap has jumped by nearly $20 billion since yesterday.Bitcoin Breaks Above $11,000Bitcoin was steadily increasing in the past few days and neared the coveted $11,000 yesterday. Unlike the previous attempts to conquer that level, though, BTC smashed above it rather decisively this time.The primary...

Over the past month, bitcoin has entered something of a bearish state, and has been struggling heavily. The currency initially reached the $12,000 line in August and had most traders excited for the future. Sadly, it looks like the currency has hit something of a snag ever since, and ultimately lost more than $2,000 from that price. While the currency has recovered somewhat and is now trading for about $10,700, this figure isn’t quite what traders had in mind, and we all know bitcoin could be...

As a part of an active Bitcoin and cryptocurrency education/awareness campaign, 350 members of the Spanish parliament (read deputies of Congress) have received a euro worth of BTC. This move mirrors the ‘Crypto for Congress Educational Initiative’ launched by the Washington-based Chamber of Digital Commerce to acquaint Members of the United States Congress with blockchain technology.350 Spanish Lawmakers Now Hold One Euro Worth Of BitcoinAs per reports from ABC, Spain’s third-largest national...

Goldman Sachs has hinted that it’s looking to boost its bitcoin holdings and potentially move forward when it comes to understanding, learning about and holding BTC in the future.Goldman Sachs Has Had a Mixed Relationship with BTCRegarding cryptocurrencies, Goldman Sachs has been a very hit-and-miss company, often going back and forth between appreciating it and loathing it. Things took a particularly nasty and mixed turn last May when the company announced that it was going to offer a...

For a lot of us, prison is a dark and scary place where no one wants to be… But we are not John McAfee.The software developer, tax evader, crypto-shiller, drugs user, whale-fucker, former US presidential candidate and crypto-shiller sent a statement to his followers sharing his experience in the Spanish prison after his arrest.Spanish Prisons are like “The Hilton” for John McAfeeAnd things aren’t so bad… In fact, according to his own words, at 75 years old, John McAfee is having a fascinating...

Australian multi-millionaire and electronics entrepreneur Dick Smith has threatened to sue The Guardian Australia. Smith has alleged that the trustworthy media outlet has hosted fraudulent ads with fake interviews of him promoting a phony Bitcoin scheme.Aussie Entrepreneur Threatens The GuardianImpersonation scams are among the most perilous threats within the cryptocurrency community. Typically, the fraudsters impersonate a famous person and run false ads claiming that he or she has invested...