DeFi right now is like ‘trying to fly to the moon in a cardboard box’ — Diginex CEO
Sep19

DeFi right now is like ‘trying to fly to the moon in a cardboard box’ — Diginex CEO

DeFi is almost certainly the future, but that future may not be today. The decentralized finance, or DeFi, sector of the crypto industry has been bursting with exuberance, innovation, and speculation in recent months. The niche is still very much in its infancy, however, according to Richard Byworth, CEO of digital finance company Diginex. “I do believe that DeFi is the future potentially down the road,” Byworth said in an...

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Earning with DeFi yield farming: Rocket science or child’s play?
Sep19

Earning with DeFi yield farming: Rocket science or child’s play?

There are several ways DeFi users can earn via yield farming. However, it isn’t so simple, as the technology is still young, say pundits. Yield farming has experienced a Cambrian explosion of sorts over the last few months, thanks in part to the emergence of various decentralized finance protocols. In its most basic sense, yield farming can be thought of as a process where users provide liquidity to DeFi protocols and are rewarded...

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Figure Technologies releases fund services offerings on blockchain
Sep19

Figure Technologies releases fund services offerings on blockchain

They aim to make investing faster.   Figure Technologies launched its new digital fund services products for investment firms on a blockchain, the company said in a statement. The San Francisco-based financial technology firm used the Provenance blockchain and aims to use the technology to automate much of the paper-based processes in fundraising and fund management. Services include capital raising, investor onboarding,...

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Illicit crypto transactions are getting more attention from the government
Sep19

Illicit crypto transactions are getting more attention from the government

The IRS has a strong interest in receiving information from informed whistleblowers about offshore crypto accounts and criminal crypto tax activity. The COVID-19 pandemic has forced governments worldwide to focus on bringing blockchain technology to their financial services, along with the needed regulatory upgrades to keep the burgeoning fintech industry clean. Related: Not like before: Digital currencies debut amid COVID-19 For...

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Unstoppable Domain’s co-founder had this to say about Facebook and the future of free speech
Sep19

Unstoppable Domain’s co-founder had this to say about Facebook and the future of free speech

Can you imagine a world with 40 Facebooks competing for you? Unstoppable Domains co-founder Bradley Kam believes that neither the anti-encryption bills nor the technology giants present a real threat to the future of the Internet. In his opinion, both, the governments and the giant platforms are helping to usher the era of the decentralized web, he told Cointelegraph: “There was a narrative in a popular narrative that the Internet was...

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New Bitcoin bull run? Whales and institutions accumulating, data shows
Sep19

New Bitcoin bull run? Whales and institutions accumulating, data shows

Data shows whales are not selling large amounts of Bitcoin at the current BTC price and institutions are accumulating BTC. As the price of Bitcoin (BTC) breaks past $11,100 on Sep. 19, whale activities and Bakkt’s all-time high volume suggests strengthening momentum. The 4-hour price chart of Bitcoin. Source: TradingView.com According to CryptoQuant’s Ki Young Ju, fewer whales have been sending BTC to exchanges. Historically, the data...

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Will the CME Bitcoin futures gap buyers at $9,600 be left in tears?
Sep19

Will the CME Bitcoin futures gap buyers at $9,600 be left in tears?

Bitcoin price has remained above $10,000 for some time, but will the momentum tip back in the bulls favor for a retest of the key multi-year resistance at $12K? The recent week has been relatively dull on the price movements of Bitcoin (BTC), as a slow upward trend was established after Bitcoin’s price found a footing at above $10,000. This rally then continued toward $11,000 on Sep. 18 but was pushed back by some short-term...

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DeFi and healthcare: A trillion-dollar opportunity for the taking
Sep19

DeFi and healthcare: A trillion-dollar opportunity for the taking

When applied to healthcare, DeFi becomes a very fundamental disruption with the greatest impact. With today’s technological and medical advancements, quality, affordable healthcare should be a basic human right: healthcare for every single person, no matter their socioeconomic level or geographic location. The global size of the healthcare market was worth over a staggering $8.45 trillion in 2018 and continues to grow. With the onset...

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ArbiSmart Users Get What They Wished For, Good ROI and Newly Added USDT Support
Sep19

ArbiSmart Users Get What They Wished For, Good ROI and Newly Added USDT Support

In the crypto space, the term Decentralized Finance (DeFi) has become the buzz word of 2020 as interest continues to pick up in the space. While there are several financial services verticals that falls under the broad DeFi spectrum, the ones that allow investors to earn a steady stream of passive income is something that is sought by many. It is even more exciting if the service does not require them to constantly keep track of such...

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Bribery gets blocked: Stamping out corruption with blockchain tech
Sep19

Bribery gets blocked: Stamping out corruption with blockchain tech

In a world where all public records are stored on an immutable ledger, it would be difficult to be a corrupt government official. Some of the main functions of government institutions include redistribution of resources and maintaining official records. These are precisely the domains where blockchain technology — with its focus on facilitating secure, traceable transactions and maintaining immutable records to build trust — is...

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This Level Holds the Key to Bitcoin Soon Retesting the Critical $12k Level
Sep19

This Level Holds the Key to Bitcoin Soon Retesting the Critical $12k Level

Bitcoin faced a strong rejection at the pivotal $12,000 level after rallying to that resistance earlier this month. After failing to hold above $12,000, the coin plunged by just over $2,000 in the days that followed. At the lows, BTC traded for $9,800 — $2,200 below the local highs and $2,700 below the year-to-date highs at $12,500. Bitcoin could soon make another run at $12,000, though. An analyst says that the leading cryptocurrency...

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The Key Reason Why Ethereum Could Move Even Higher After 20% Bounce
Sep18

The Key Reason Why Ethereum Could Move Even Higher After 20% Bounce

While legacy markets and Bitcoin have rejected from local highs, Ethereum has been holding up well. Since the launch of Uniswap’s UNI token, the price of the leading cryptocurrency has surged around 6-7%. From the lows set earlier this month, the coin is up in excess of 20%, shocking some commentators who thought this market was on the verge of a bear trend. Ethereum is primed to move even higher in the days ahead. Related...

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Pinned below $11K, Bitcoin price plays second fiddle to Uniswap (UNI)
Sep18

Pinned below $11K, Bitcoin price plays second fiddle to Uniswap (UNI)

Bitcoin price still faces resistance at $11K as traders turn their attention to DeFi-tokens like Uniswap (UNI). As the weekend begins, Bitcoin (BTC) price continues to fluctuate between the $10,800-$11,000 range.  Cryptocurrency daily market performance snapshot. Source: Coin360 Some analysts would say the digital asset has lost momentum but a quick glance at the 1-hour or 4-hour chart shows Bitcoin chugging along sideways in a...

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Ethereum’s Market Dominance is Poised to Surge; Here’s How Uniswap May Fuel It
Sep18

Ethereum’s Market Dominance is Poised to Surge; Here’s How Uniswap May Fuel It

Ethereum has been at the center of some of the largest developments within the crypto market throughout the past several weeks and months. Nearly the entire DeFi ecosystem is built upon the Ethereum blockchain, which has driven massive demand for blockspace on the network. This has caused gas fees to rocket to all-time highs, with the trend showing few signs of slowing down anytime soon. Despite the massive amount of capital that has...

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Bakkt To The Futures: Last Year’s Hottest Bitcoin Platform Breaks All-Time
Sep18

Bakkt To The Futures: Last Year’s Hottest Bitcoin Platform Breaks All-Time

A blast from Bitcoin’s past is making a comeback, reaching a new all-time highs trading volume after abysmal launch turnout sent the cryptocurrency’s price tumbling last year. What’s going on with Bakkt that suddenly has its Bitcoin Futures trading desk soaring in trading activity? Bakkt The Truck Up: Remembering The Reason For Crypto’s 2019 Collapse Last year, Bitcoin’s safe haven narrative first took shape, as the cryptocurrency...

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