Crypto news

The number of DAI locked up in the Ethereum based Aave lending protocol almost doubled, leading into June 8.Aave is a prominent protocol in Ethereum’s decentralized finance (DeFi) ecosystem. Users can lend cryptocurrency at stable or variable rates, earning daily payouts to the wallet of their choice. They can take advantage of uncollateralized, trustless flash-loans, paid back within the same transaction block.DAI Locked in Aave Almost Doubles OvernightAccording to data from DeFi Pulse, the...

The controversy surrounding Binance’s acquisition of the leading cryptocurrency prices aggregator platform CoinMarketCap (CMC) has become more heated due to recent changes made by CMC.Following the update in CoinMarketCap’s exchange ranking algorithm, several major crypto exchanges were stripped of their high rankings to unimaginable positions on the market table. CoinMarketCap is the world’s leading ranking platform and also one of the biggest websites in the industry. This is why positions...

Bitcoin has been at the center of many financial arguments as of late, especially after the United States rolled out a $2.2 trillion economic stimulus plan.Why Some Feel the Stimulus Plan was WrongThis plan saw many checks – worth approximately $1,200 each – make their way into American’s pockets and bank accounts. In addition, billions were unveiled for small business relief. Despite the good intent behind the stimulus package, many saw this move as too fast.One of the big complains behind...

U.S. President Donald Trump is looking to designate Antifa – a group of far-left extremists that get their kicks out of attacking policemen and vandalizing property – as a domestic terrorist group.Antifa Is Considered a Terrorist GroupAntifa is allegedly funded by Hungarian businessman George Soros, who appears intent on keeping the United States on edge and in constant civil war. Recently, Florida Republican Representative Matt Gaetz has called for the freezing of all funds that are being...

[Press Release – Please see disclaimer]SimpleSwap, a cryptocurrency exchange service, issued a mobile app last week. The mobile app is available for two platforms: iOS and Android.The SimpleSwap Mobile App provides customers with many benefits to make the exchange process convenient for everyone.300+ cryptocurrencies availableCustomers have the opportunity to choose coins and tokens from a large cryptocurrencies’ list that is made in a convenient for smartphone format – there are a search...

XRP saw a tiny 0.6% price increase today as it continues to trade within the descending triangle pattern.The cryptocurrency has been trapped within the triangle for the past five weeks of trading.Against Bitcoin, XRP continues to struggle as it trades at the 2-year low level.Key Support & Resistance LevelsXRP/USD:Support: $0.192, $0.18, $0.175.Resistance: $0.215, $0.22, $0.225.XRP/BTC:Support: 2100 SAT, 2070 SAT, 2050 SAT.Resistance: 2200 SAT, 2300 SAT, 2360 SAT.XRP/USD: XRP Trades...

SAMA, the Saudi Arabian Monetary Authority, has recently tapped blockchain technology to execute money transfers and deposits. The step is part of the financial authority’s plan to keep up with the trend of digital currencies.Keeping Up The Pace With BlockchainThe institution is about to put the relatively novel blockchain technology to the best use, to go with the flow alongside the digital financial world. SAMA has started a new chapter in its modern development, by deploying blockchain for...

Tron reached $0.0185 ~ 192 SAT after gaining almost 30% in a month.It may reclaim yearly high if buyers continue to show commitment in the mid-term.The increase follows Justin Sun’s announcement about the upcoming TRON 4.0 launch in July.TRX/USD: Tron Faces March’s ResistanceKey Resistance Levels: $0.0214, $0.0227, $0.0265Key Support Levels: $0.0167, $0.014, $0.012TRX/USD. Source: TradingViewFollowing Tron’s recovery from the $0.008 low in March, the price reached a two-month high of $0.0162...

China Zheshang Bank (CZB) – a national joint-stock commercial bank based in the Zhejiang province – has employed blockchain technology to bring an asset-backed commercial paper (ABCP) to the Chinese financial market. Competed last week, the issue was worth nearly $17 billion.A Chinese Bank Employs BlockchainCZB successfully executed the issue called “Lianxin 2020 Lianjie First Phase Asset-backed Commercial Paper” on June 5th, a local report informs. It became the country’s first ABCP and one...

Non-Fungible Token to optimize the music industry and copyright protection processesWhen studying the world of cryptocurrencies it is essential to take into consideration, and never give up on this focal point, the reason why you intend to join it. Many people lose sight of this aim, tempted by false myths, by the stories that are told about it, or by the popularity that a project comes to obtain. However, they forget the roots. The why is as important as the how. Maybe even more. Emptied of...