Although SushiSwap’s protocol is already active and attracted over a billion worth of liquidity, a Glassnode analyst said that its governance token SUSHI is still highly overvalued. By exploring the economics behind SUSHI’s value, he outlined a fair price of $0.31 per coin.SUSHI (Still) OvervaluedLaunched as a Uniswap fork less than a month ago, SushiSwap took the DeFi world by storm. What gasped massive attention was the introduction of a governance token called SUSHI. This lured investors...
Read More »From 2-Man Team to The Leading Crypto Aggregator in 2020’s DeFi Craze: CoinGecko’s Story (Exclusive Interview)
CoinGecko is, without a shred of doubt, one of the largest cryptocurrency data aggregators. The index has shown impressive growth over the past year following a renewed interest in cryptocurrencies as the total market cap grows in 2020.Data from SimilarWeb shows that CoinGecko has hit a considerable number of almost 25 million users in August alone.It’s safe to say that it’s one of the veteran crypto venues and a household name for the industry. CryptoPotato had the chance to reach Bobby Ong,...
Read More »Bitcoin Struggles At $10,400: Binance Coin (BNB) Spikes To 7-Month High (Sat’s Market Watch)
Bitcoin continues to trade in the five-digit territory and even spiked towards $10,400. Binance Coin (BNB) is among the best performing tokens today, while most other larger-cap alts are marking minor gains.Bitcoin Struggles At $10,400After the unsuccessful attempt to overcome $10,500, Bitcoin dived yesterday and bottomed at about $10,200. However, the bulls interfered at that point and didn’t allow any further declines.In the following hours, BTC fluctuated in a tight range between $10,250...
Read More »U.S. SEC Fines Rapper T.I For Involvement in Fraudulent ICO Schemes
The U.S. SEC has fined Atlanta-based rapper Clifford Harris Jr, better known as T.I, along with other individuals for their involvement in two fraudulent initial coin offering (ICO) projects.T.I, Others Pay $125K in PenaltiesAccording to a press release by the U.S. Securities and Exchange Commission (SEC) on Friday (September 11, 2020), T.I, along with businessman Ryan Felton and three other individuals based in Atlanta, were involved in a fake pump and dump ICO scheme. The rapper was cleared...
Read More »Argentina Is in a Fight with a Bitcoin Ransomware Group
We do not negotiate with terrorists… This is the bedrock principle of countries like the United States. We’ve heard these words uttered in several movies and even political briefings, and now the idea of staying vigilant in times of strife appears to be edging its way into the minds of several other nations, including Argentina.Argentina Doesn’t Want to Give Up Its BitcoinRecently, the South American country had a little problem with cyberhackers. The country’s national migration agency was...
Read More »Swiss Blockchain Federation erfreut über die Zustimmung des Ständerats zur Blockchain-Gesetzgebung
Swiss Blockchain Federation Die Swiss Blockchain Federation freut sich über das einstimmige Votum des Ständerats zur Blockchain-Gesetzgebung. Damit hat die Vorlage die Zustimmung beider Parlamentskammern erreicht. Die Schweiz erhält eine der innovationsfreundlichsten Blockchain-Regulierung der Welt. Der Ständerat hat heute der Blockchain-Gesetzgebung ohne Gegenstimmen...
Read More »Swiss Blockchain Federation steigt in die Innovationsförderung ein
Swiss Blockchain Federation Die Swiss Blockchain Federation fördert ab 2021 Blockchain-Innovationen. Die schweizerische Agentur für Innovationsförderung Innosuisse hat den sogenannten Innobooster «Blockchain Nation Switzerland» bewilligt. Das Förderprogramm läuft über vier Jahre und involviert Wissenschaft, Grossunternehmen, Startups und Investoren aus der ganzen Schweiz. Damit sollen aus Ideen konkrete Projekte und Unternehmen entstehen,...
Read More »Wie zentralisiert ist Bitcoin?
Einer der wichtigsten Gründe für die Entwicklung einer Kryptowährung namens Bitcoin war, dass die Geldkonzentration nicht von einer Regierung oder Organisation gehalten wird und dass ein dezentrales Netzwerk für die Geldgenerierung und -übertragung geschaffen wird. Infolgedessen ist keine bestimmte Organisation für das Geld verantwortlich und kann so viel davon generieren, wie sie möchte. Außerdem kann der Geldtransfer von niemandem gestoppt werden. In diesem Artikel wollen wir...
Read More »Not Every Analyst Is Convinced That Bitcoin Is Bearish as of Late
As many traders have likely witnessed by now, bitcoin has endured a harsh period of struggle as of late. The currency was initially trading for just over the $12,000 mark at the end of August but has since lost about $2,000 off its price to fall into the low $10,000 range.Has Bitcoin Really Been Falling Hard?It’s a sad time for many bitcoin enthusiasts, though there are several analysts out there that think the recently bearish trends affecting bitcoin aren’t that bad. Even though many...
Read More »This Crypto Project Soared 220% Because of Ethereum’s High TX Fees
Recent heavy congestion on the Ethereum blockchain appears to have had a beneficial knock-on effect for one cryptocurrency project in particular.Loopring (LRC) is a protocol for building non-custodial decentralized exchanges (DEXs) on Ethereum. It is also one of the few projects currently placed ahead of the curve thanks to its use of zk-rollup technology, which scales Ethereum transactions from ~15/sec, to ~3,000/sec.It’s interesting to note, therefore, that the value of Loopring increased...
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