Tag Archives: AA News

Bitcoin price just surged past the $19,000 mark and is looking to retake the previous all-time high of $20,000. This spike in volatility has caused all BTC markets to experience some serious trading traffic – especially the bitcoin futures market. And how? Well, open interest in the Binance futures market just topped $1.2 billion.Binance Bitcoin Futures Market Register Record Open Interest And Daily VolumesAccording to the crypto market and on-chain analysis firm Glassnode, the bitcoin...

The popular decentralized cryptocurrency exchange (DEX), IDEX, has announced a multi-chain solution that is intended to expand its entire infrastructure to additional blockchains, namely, Polkadot and Binance Smart Chain.IDEX Expands to Binance Smart Chain and PolkadotIn a press release shared with CryptoPotato, IDEX has revealed its multi-chain solution. Called Multiverse, it’s intended to expand the DEX’s infrastructure, including its layer-2 scaling and staking solutions to additional...

One of the earliest builders on the Ethereum network, Gnosis, announced the launch of the cryptocurrency industry’s first decentralized prediction market-driven collective — GnosisDAO.Prediction Market for DeFi GovernanceTraditionally, a prediction market is a form of exchange-traded markets where a group of people predict the outcomes of a variety of events and bet on those predictions.The decentralized prediction market by Gnonsis aims at decentralized governance and technical layers of the...

Stellar, the popular blockchain project enabling cross-border transactions between various currency pairs, announced a significant protocol upgrade yesterday. Apart from providing new features, the native cryptocurrency XLM has reacted with a massive price boost a day later.Protocol 15 Upgrade On The Stellar BlockchainThe Stellar network connects banks, payment systems, and customers to facilitate low-cost, cross-asset transfers of value through its blockchain. Stellar was unable to proceed...

South Korea’s largest cryptocurrency exchange Bithumb announced today that it is shutting down its offline offices as Korea struggles with a renewed coronavirus outbreak.Bithumb Suspending Offline SupportSince the start of November, the country has been recording increased daily cases of COVID-19, with the number tripling in the last nine days. This has raised fears that South Korea has entered a third wave of the pandemic.As authorities are taking measures to strengthen social distancing to...

It is now a well-known fact that payments giant PayPal is knee-deep in the Bitcoin market. In today’s interview with CNBC, CEO Dan Schulman explained his rationale behind the world’s top cryptocurrency value. He also elucidated on why his company is placing giant buying bets on BTC.The Utility Surrounding Bitcoin And Cryptocurrencies Is What Imparts Them ValueUpon being asked to explain the inherent value of bitcoin, PayPal CEO Dan Schulman immediately said that BTC and the aggregated class...

Less than two months after its latest network upgrade, Ethereum Classic plans to undergo another one on November 29th. Dubbed Thanos, the new hard fork will enhance security while maintaining its compatibility with Ethereum.Thanos Is An Inevitable ETC Network UpgradeThe Ethereum Classic team would like to quickly forget the summer of 2020. In the span of one month, the network was subject to three separate 51% attacks.The Ethereum Classic Core developer team and Ethereum Classic Labs decided...

Andre Cronje, the brain behind the popular DeFi protocol Yearn Finance and the most expensive cryptocurrency YFI, has unveiled yet another DeFi protocol called Deriswap.Obsessed With Capital EfficiencyThe project focuses on capital efficiency, an aspect of DeFi that Cronje said he is obsessed with. The YFI creator is set to change the current segmented liquidity, which only allows users to choose one of Swaps (Uniswap, Sushiswap, Bancor, etc.), Options (Deribit, Hegic, Opyn, etc.), and Loans...

Sean Ono Lennon, the son of John Lennon, believes that Bitcoin empowers people in a way they haven’t experienced before.In a recent conversation with Max Keiser, Lennon also noted that BTC is a breath of optimism in an otherwise destructive year.Lennon: Bitcoin Empowers PeopleThe son of the founder and co-lead vocalist of the Beatles, John Lennon, is a British-American musician and songwriter with several albums. Apart from following his father’s footsteps in music, Sean Ono Lennon is...

Bitcoin has become an even more attractive investment instrument in the past few months as its price has grown substantially. The number of BTC hodlers with at least 1,000 coins has surged to new highs, according to new data.Bitcoin HODLers On The RiseBitcoin has been on a tear since early October resulting in several consecutive yearly highs. The latest one took BTC to nearly $19,000. Meaning, that the cryptocurrency has almost doubled its value in less than two months.Typically, such...