The Moonbeam Network is an Ethereum-compatible smart contract platform on the Polkadot network designed to allow for interoperability across chains.Protocol implementation services provider PureStake has completed a $6 million funding round for one of its flagship projects, the Moonbeam Network. According to the official announcement by the tech startup, the funding round was led by CoinFund, a leading blockchain-centric investment firm. Other partners on the record that supported the...
Read More »One Bitcoin Will Buy a Lambo This Year and a Bugatti in 2022, Kraken CEO Says
One bitcoin will be able to buy a Lamborghini model by the end of the year and a Bugatti in 2022, said Jesse Powell – the CEO of the veteran US crypto exchange, Kraken. During a recent interview with Bloomberg, he was also bullish on Ethereum, predicting a price tag well above $2,000 due to the upcoming ETH 2.0 release and the large number of projects built on top of it. One BTC for Lambo and Bugatti Kraken’s CEO has been highly-optimistic regarding BTC’s future price...
Read More »PayPal Launches New Crypto Checkout Service
Customers with Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), and Litecoin (LTC) held in their PayPal wallets can use these assets to complete any transaction by converting the digital assets to fiat currencies at checkout points. American online payments giant PayPal Holdings Inc (NASDAQ: PYPL) is set to launch a new crypto checkout service to allow users to pay for goods online using digital currencies. The plans were first reported by Reuters and it will help open access to crypto to...
Read More »Nearly $80 Billion Locked in DeFi, Ethereum-Based Protocols Losing to Binance Smart Chain
DeFi total locked value has hit a record high, reaching nearly $80 billion. Though Ethereum-based protocols continue to lead the market, notable performance has been shown by their main rival – Binance Smart Chain.According to data from DeFi Llama, the total amount locked in DeFi is at a record $79 billion. This amount is well above the total market cap of nearly all cryptocurrencies with the exception of the top two digital assets. The Ethereum network still holds roughly half of this. Defi...
Read More »Ethereum Price Analysis: ETH Could Struggle To Surpass $1,850
Ethereum price started a fresh increase above the $1,725 resistance against the US Dollar. ETH price is currently trading well above $1,700 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $1,705 on the 4-hours chart (data feed from Coinbase). The pair could dip in the short-term, but the bulls are likely to remain active near $1,725. Ethereum price is now approaching the $1,850 resistance against the US...
Read More »BTC and ETH Price Analysis: The Birth of a New Weekly High
Konstantin Anissimov, Executive Director at CEX.IO, shares his insights about the Bitcoin (BTC) and Ethereum (ETH) daily price movements.The cryptocurrency market is currently trading in the green as bullish sentiments are stirring industry-wide price gains beings led by Bitcoin (BTC). Per a deep observation of the market, the rejuvenation was spiked in the early hours of the morning as Bitcoin specifically carried over some losses from the past weekend’s trading activity.A number of...
Read More »Binance Smart Chain Integrates Wrapped IOTA to Stake, Yield, and Earn
Holders of the IOTA token will be able to participant in the ongoing DeFi craze on the Binance network. This has become possible after a partnership between the two parties enabling users to interact on Binance Smart Chain via wrapped IOTA.Wrapped IOTA on BSCLaunched as a competitive network to Ethereum but providing significantly lower fees for transactions, Binance Smart Chain has enjoyed a rapid increase in popularity and use cases. Several months down the road, BSC even surpassed Ethereum...
Read More »Users Can Now Book Flights With Dogecoin (DOGE) on AirBaltic
Latvia’s flag air carrier, airBaltic, has reaffirmed its pro-cryptocurrency approach by enabling customers to make bookings with other digital assets, including Ether (ETH), Dogecoin (DOGE0 and Bitcoin Cash (BCH). Those tokens have joined the list of four USD-pegged stablecoins and the first-ever cryptocurrency – Bitcoin.DOGE and ETH to Be Used for Air TravelAS Air Baltic Corporation, also referred to as simply airBaltic is Latvia’s flag carrier that has also displayed a pro-digital asset...
Read More »Bazarswap: First OTC Decentralized Exchange for ERC-20 Tokens
Amongst other things, the Bazarswap exchange offers a P2P OTC trading service that currently attracts a zero fee.Riding on the back of the surging innovation and tailored offerings in the crypto space, particularly in the decentralized exchange (DEX) ecosystem, Bazarswap is making its debut as a new Over-the-Counter (OTC) trading platform dedicated to serving Ethereum-backed ERC-20 tokens. The DEX outfit is an offshoot of Minereum, a blockchain innovative project that aims to revolutionize...
Read More »Visa to Settle USDC Transactions on Ethereum
Visa is to become the first large payments network to use a stablecoin as a settlement currency. By partnering with the popular cryptocurrency exchange Crypto.com, the San Francisco-headquartered giant will offer a crypto settlement system for fiat transactions based on the Ethereum blockchain. According to the announcement from earlier today, Visa has joined forces with Crypto.com to bring its first-ever non-fiat settlement program. The company’s standard settlement process requires parties...
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