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Ethereum’s co-founder has taken aim at coins designed to incentivise yield farming, comparing their underlying economics to irresponsible monetary policies from Cointelegraph.com News https://ift.tt/3bgeUg0 via IFTTT

Excitement for Yearn Finance’s yETH vault has reached a fever pitch after rumors of the product’s release circulated on Twitter. from Cointelegraph.com News https://ift.tt/3hMpe1D via IFTTT

The two crypto mining operations stole almost $20,000 in electricity monthly. from Cointelegraph.com News https://ift.tt/3hNa5gz via IFTTT

Policyholders can pay in either Bitcoin or Ether through Bitcoin Suisse. from Cointelegraph.com News https://ift.tt/31JS1Ox via IFTTT

The leading American exchange Coinbase announced today a renewal of its board of directors, incorporating two prominent experts from the technology industry. In an official announcement posted on Coinbase’s blog, Brian Armstrong, the company’s CEO and co-founder explained that they had made two significant replacements to their board of directors. The Hello’s First on the list is Marc Andreessen, co-founder of the venture capitalist firm Andreessen Horowitz, one of the most importnat players in the crypto space, with projects such as Dfinity, dYdX, Libra, Maker, Polychain, and Crypto Kitties as part of its investment portfolio. Before entering the crypto space, Andreessen was already a technology visionary. He is the man behind no less than Mosaic and Netscape. The former revolutionized the way we navigate the Internet by being one of the first browsers with a graphical interface in the history of the Internet, and the latter dominated the world as the most popular commercial web ...

TRON dApp developers have just acquired new capabilities after TRON announced a partnership with Band Protocol. The deal means that third-party devs will be able to utilize Band’s oracle solution to obtain tamper-proof price feeds and other external data sources. Reliable oracles are regarded as one of the most critical capabilities for a blockchain to acquire, significantly extending the utility of the sort of applications that can be built. The partnership arrives at a good time for both projects, with TRON shipping new products, including JustSwap and BitTorrent File System, while Band has just secured a Coinbase listing and integrated with Binance Chain. Oracles Come to TRON’s Decentralized Ecosystem Band Protocol is the best-known oracle solution in the industry after Chainlink and the one with the most room to grow. While Chainlink is focused around Ethereum, Band’s cross-chain oracle solution is compatible with any network, making it as suitable for TRON as it is for Polka...

YFI has undoubtedly been the best performing cryptocurrency of the past month in terms of pricing. The governance token of Yearn Finance was announced on July 17th by Andre Cronje and has since taken off in a way no one probably expected. What started as a “0 value” token is currently trading at around $36,000 and has become the first altcoin since 2016 to flip Bitcoin’s dollar value. Now, the world’s leading cryptocurrency exchange, Binance, has launched YFI futures contracts, allowing traders to open leveraged positions. Binance Launches YFI Futures Contracts Hours ago, Binance Futures , the cryptocurrency derivatives arm of Binance, announced the launch of the YFI/USDT perpetual contract. Trading opened today at 7:00 AM UTC, and users are now able to open both long and short positions with leverage of up to 50x. #Binance Futures Will Launch @iearnfinance $YFI USDT-Margined Perpetual Contract With Up to 50x Leverage ➡️ https://t.co/ZdOAPJYecz pic.twitter.com/lbuJUcO7ll —...

All services on Swipe are immediately available on Binance Card. from Cointelegraph.com News https://ift.tt/3juy18J via IFTTT

After over two years, CMC’s chief strategy officer Carylyne Chan is leaving the site. from Cointelegraph.com News https://ift.tt/34KFqNf via IFTTT

Developers on RSK no longer need to create their own oracle to build their DApps. from Cointelegraph.com News https://ift.tt/2YROP1w via IFTTT

Demand for Wrapped Bitcoin is increasing along with the DeFi rally. from Cointelegraph.com News https://ift.tt/3beIgLm via IFTTT

Trading bots have become a major factor in the world of cryptocurrency, but are they potentially doing more harm than good? from Cointelegraph.com News https://ift.tt/3lGLah9 via IFTTT

Cryptocurrency intelligence firm CipherTrace claims a new tool can trace Monero transactions, but skepticism remains. from Cointelegraph.com News https://ift.tt/2YSAmCK via IFTTT

Huobi Futures, the derivatives platform of the popular cryptocurrency exchange Huobi Group, will launch Bitcoin options trading starting September 1st. The company explained that more sophisticated investors are entering the digital asset market, and their BTC options release aims to meet their demand. Huobi Futures Adds BTC Options Trading Announced earlier today, the Singapore-based platform plans to release Bitcoin options traded against USDT on September 1st at 10:00 UTC. The new product will be offered in “increments of weekly, bi-weekly, and quarterly options.” According to the company, Bitcoin options trading is the logical next step following the roll-out of Huobi Futures’ Perpetual Swaps earlier this year. Although the platform will initially support only BTC options, it plans to add other digital assets soon as well. Bitcoin options on Huobi’s platform will work similarly to options in the traditional financial markets. It’s a derivate product enabling users the right, ...

Will the oil cartel put black gold on the blockchain? from Cointelegraph.com News https://ift.tt/3bdyOIm via IFTTT

Craig Wright and Roger Ver are finally in the same jurisdiction. from Cointelegraph.com News https://ift.tt/31KB9HM via IFTTT

[Featured content] Cryptocurrency trading is growing in popularity by the day. The exciting markets that oftentimes reveal tremendous volatility present serious risks, but also earning opportunities, attracting more and more people. Data from the popular cryptocurrency market monitoring resource CoinMarketCap reveals that the 24-hour trading volume is above $110 billion. As CryptoPotato recently reported , information from Google Trends revealed that the number of searches for the key phrase ‘buy crypto’ has increased to levels last seen in January 2018 during the peak of the ICO bubble. All of this is indicative of the rapid growth of the cryptocurrency trading industry, which prompts the development of innovative services that facilitate users with engaging the markets. GloCuT is a prime example. What is GloCuT? A London-based UK business holding secure server locations in Finland, Germany, and London, according to their official website. GloCuT provides a rules-based trad...

After the launch of short Bitcoin (SBTC) ETP on Boerse Stuttgart, Germany’s second-largest stock exchange, the crypto trading product is now available on Xetra. This is a significant breakthrough for 21 Shares, which has already tasted success with eleven other institutional-grade crypto exchange-traded products. Short Bitcoin ETP Gets Listed on Deutsche Xetra Germany is Europe’s economic powerhouse. Back in February, when 21 Shares announced the launch of their Short Bitcoin (SBTC) ETP on Boerse Stuttgart, it was unprecedented news that further brought Bitcoin to the attention of mainstream market players and institutional investors. According to an official release , 21 Shares have registered another milestone. The Swiss fintech firm announced the receipt of CCP clearance to list SBTC on Deutsche Boerse Xetra. Xetra is a trading venue operated by the Frankfurt Stock Exchange. This comes two months after 21 Shares “dual-listed the world’s first Bitcoin ETP (ABTC) on Deutsche Boe...

The house Majority Whip fell as right wing factions sought to remove moderate Republicans from the party, but blockchain legislation is safe, says Tyler Lindholm. from Cointelegraph.com News https://ift.tt/3lyAIIl via IFTTT

The volume of Uniswap has surpassed the daily volume of Coinbase Pro after the demand for DeFi has exploded. from Cointelegraph.com News https://ift.tt/3hJ8wjv via IFTTT

Amid multiple warnings over the world’s reserve currency, Bitcoin stands to gain if recent macro correlation remains intact. from Cointelegraph.com News https://ift.tt/32KcphQ via IFTTT

More than 1.1 million test Ether (ETH) tokens are now staked by validators on Ethereum 2.0’s Medalla test network. Validator participation is trending at 74 percent, which is well above the 66 percent threshold. The average staking balance of 32 ETH has been maintained by validators, who are now almost 38,000. This comes amidst the total USD value locked in DeFi nearing $8 billion. Ethereum 2.0 Testnet Experiences Surge in Staking and Confidence Last week CryptoPotato reported that validator participation in Eth2’s Medalla test net is wobbly and sinusoidal. The average participation has gone up and now stands at 74 percent. This is significantly above the 66 percent threshold level. The test network now has almost 38,000 active validators, and collectively they have staked more than 1.1 million test ETH to validate Medalla. Blocks are being added like clockwork, and validators are already earning returns for their staked ETH. Staking Security and Confidence To Gradually Improv...

As yield farmers scramble to deposit their crypto collateral in the latest and greatest thing in DeFi, volumes on the Uniswap DEX have surged to record levels. The milestone was noted by Ethereum developer and Uniswap creator, Hayden Adams. 🤯 Wow, @UniswapProtocol 24hr trading volume is higher than @coinbase for the first time ever 🦄 Uniswap: $426M 🏦 Coinbase: $348M Hard to express with how crazy this is. pic.twitter.com/48o0xRkiUo — Hayden Adams 🦄 (@haydenzadams) August 30, 2020 According to the snapshot, Uniswap was trading about 20% more in terms of 24-hour volume than Coinbase. At the time of writing, Uniswap.info was reporting a daily volume of $480 million, with almost a billion dollars in liquidity. Uniswap volume and liquidity. Source: uniswap.info The wrapped Ethereum market was the highest source of this volume with stablecoins Tether, Dai, and USDC following. Uniswap essentially allows users to swap tokens or supply liquidity to various pools to earn a p...

[PRESS RELEASE – Please read the disclaimer below] Just a few days until the start! On September 1, 2020 at 12:00 (UTC), the KickEX cryptocurrency exchange will buyback KICK tokens (KickToken) worth a total of $100,000 at a price equal to or less than $0.00015 per token. The buyback will be carried out only on the KickEX exchange and according to specific conditions. To participate in the buyback, token holders must register on the KickEX exchange, successfully pass KYC and place a limit order to sell KICK in the KICK/USDT pair in the 24 hour period before 12:00 (UTC) on September 1, 2020. How does the buyback work? The KickEX exchange buys back orders for sale with the KICK token at a price, not higher than $0.00015. The uniqueness of this redemption is in its fair mechanics — absolutely every participant who puts KICK tokens for sale in the KICK / USDT pair will be able to sell all or at least part of their tokens, provided their order is relatively small. Only limit orders will...

‘Money is evolving,’ Binance’s new ads across London state, showing four generations of coins ending with Bitcoin. from Cointelegraph.com News https://ift.tt/3lFStFR via IFTTT

Most Japanese crypto traders may be leaving altcoins behind entirely. from Cointelegraph.com News https://ift.tt/3gJdvPO via IFTTT

Ethereum’s put-call ratio dropped to its lowest level in 3 months, suggesting that traders expect Ether price to rise higher. from Cointelegraph.com News https://ift.tt/3hIUSwZ via IFTTT

The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — one week on Cointelegraph in one link! from Cointelegraph.com News https://ift.tt/2QzXZeC via IFTTT

Bots abound. from Cointelegraph.com News https://ift.tt/3lxsBf7 via IFTTT

Hybrid offerings to suit different needs. from Cointelegraph.com News https://ift.tt/3lA9p04 via IFTTT

DeFi platform Synthetix (SNX) surpassed $1 billion in total value locked but what’s fueling the protocol’s growth? from Cointelegraph.com News https://ift.tt/2QFvaO6 via IFTTT

Bitcoin believers can be curious about altcoins. from Cointelegraph.com News https://ift.tt/2Gd1xl9 via IFTTT

Bitcoin is likely to consolidate for a few days but during this time select altcoins are likely to extend their up-move. from Cointelegraph.com News https://ift.tt/32F7gHV via IFTTT

Recent data indicated that the HODLing mentality towards Bitcoin prevails as the number of coins that haven’t moved in two or more years has reached a three-year high. At the same time, miners are following suit as their BTC holdings have reached a two-year high. HODLing Mentality Among BTC Investors Prevail The analytics firm Glassnode follows the behavior of Bitcoin investors by examining the BTC movements (or lack of) from their addresses. According to recent research, HODLers have increased accumulation and decreased spending since the summer of 2019 and have continued ever since. Consequently, the percent of BTC supply that hasn’t moved for at least two years has spiked from 34% in July 2019 to 44% as of writing these lines. The current level is the highest point reached in over three years. Bitcoin Not Moved In 2+ Years Rising To 3-year High. Source: Glassnode Interestingly, this particular metric reached its all-time high of over 46% before the parabolic price increase ...

This time it’s not your Wifi that’s the issue. from Cointelegraph.com News https://ift.tt/3jsnWsT via IFTTT

It’s the third attack this month. from Cointelegraph.com News https://ift.tt/3jyBtPX via IFTTT

Developers are building the future of finance. from Cointelegraph.com News https://ift.tt/34N4HpO via IFTTT

Humanity may never have a better chance to change finance than we do now, and crypto and blockchain could help us. from Cointelegraph.com News https://ift.tt/3lvXtg2 via IFTTT

OKEx has become one of the largest cryptocurrency exchanges in the past several years. The company’s growth is continuously emphasized by the trading volume and the growing user base. CryptoPotato recently had the opportunity to do an exclusive interview with the CEO of the company – Jay Hao. Hao spoke of the challenges OKEx has to overcome, the current cryptocurrency landscape, Bitcoin’s growing adoption, the DeFi craze, and more. Back to the Roots: Before OKEx One of the first things that Hao shared with us was his background and where he comes from. Becoming a CEO of one of the world’s leading cryptocurrency exchanges is a daunting task and we were curious to find out more about his experience. Jay Hao, CEO at OKEx Hao has spent over 20 years in the semiconductor industry and there’s “zero-tolerance for faulty product design” over there. At OKEx, we are very rigorous about ensuring that we provide the most reliable and secure exchange services. From my experiences in semi...

Spencer Schiff, the son of the well-known economist, gold-bug, and permanent Bitcoin basher Peter Schiff, recently purchased an undisclosed amount of BTC. Aside from criticizing the primary cryptocurrency once again, his father prompted the community to send Spencer a belated birthday present, not in gold but in BTC. Schiff Jr. Appreciates Bitcoin, Unlike His Dad? Spencer Schiff, who recently turned eighteen, seems to follow his dad’s footsteps in finance, as Schiff Senior is a prominent economist and a long-time gold supporter. However, his son displays one significant difference when it comes down to Bitcoin perception – unlike constantly criticizing the asset like his dad, Spencer Schiff recently bought an undisclosed amount of the primary cryptocurrency. Peter Schiff acknowledged the purchase on Twitter and attempted to turn the tables by appealing to the community to send a belated birthday present to his son in Bitcoin. Since so many of you Bitcoin guys are ribbing me beca...

It just keeps going up. from Cointelegraph.com News https://ift.tt/31GEjMH via IFTTT

Former Trump administration chief of staff Mick Mulvaney, who is known for his positive stance on Bitcoin, is launching a hedge fund. from Cointelegraph.com News https://ift.tt/3hK1sDj via IFTTT

As another week comes to its end, let’s start from the bottom line: Bitcoin price ends the week exactly where it started it, hovering around the $10,600 mark. It wasn’t a remarkable week for Bitcoin, unlike the other cryptocurrencies, especially the DeFi ones, that saw triple-digit gains . Looking at the shorter timeframe, which is seen on the following 4-hour chart, Bitcoin had formed a double-bottom around $11,100. The latter is considered to be a bullish pattern unless the bottom is broken below. Shortly after, and for the past three days, Bitcoin was locked again inside the tight range between $11,400 and $11,600. As long as Bitcoin is stagnant, we can assume that the alt-season or the defi-season will continue higher. However, a declining amount of trading volume, along with the stability of BTC, is likely to produce a strong move to either side. This might also be aligned with the start of a new week tomorrow. In my opinion, the breakout direction can be to either side. From...

What’s behind Ledger’s tough stint recently? Charles Guillemet, the company’s CTO, responds to all the questions and criticism. from Cointelegraph.com News https://ift.tt/3jw5dNl via IFTTT

The use of cryptocurrencies in Venezuela has thrived over the years, and although they may not be the revolution that many expected, they have managed to fit into the financial thinking of the people there more strongly than in other countries. The status of crypto and blockchain technology in the country has evolved significantly. A recent report by the blockchain forensics firm Chainalysis concluded that the South American country’s financial crisis catalyzed a greater interest and openness among the people to become involved with crypto. Under these circumstances, cryptocurrency has taken on an important role in Venezuela’s economy,” says the report, “in fact, Venezuela’s cryptocurrency market represents a confluence of several topics at the core of cryptocurrency’s key value propositions and risk factors. These political, financial, and economic factors have allowed the crypto ecosystem to grow in acceptance, mainly thanks to the rise of Bitcoin and the government’s efforts t...

In a world where almost every asset has shown vulnerability, digital assets have proven themselves to be reliable. from Cointelegraph.com News https://ift.tt/3jvLWLZ via IFTTT

Polkadot has quickly gone up the ranks and became one of the biggest cryptocurrency projects. Its native token DOT was recently denominated at a 1:100 ratio and early ICO investors can benefit from After the redenomination of its native cryptocurrency DOT, early Polkadot investors can benefit from a nearly 2,000% ROI. This became possible following the latest company developments, mainnet launch news, and DOT listings on several prominent cryptocurrency exchanges. Polkadot’s History and Mission Although the original Polkadot whitepaper saw the light of day in October 2016, it wasn’t until a year later when the project raised funds via an initial coin offering (ICO). It occurred after Dr. Gavin Wood, and Peter Czaban founded the Web3 Foundation – a non-profit organization supporting the research and development of the Polkadot network. The Foundation concluded a rather successful ICO in October 2017 and raised over $140 million by selling 50% of the 10,000,000 DOT token supply. D...

Bitcoin seems stable after recovering from its drop to $11,100 and trades above $11,500. However, massive gains are evident among lower-cap alts and DeFi tokens, including YFI that doubled BTC’s all-time high. As such, Bitcoin’s dominance over the market has decreased by over 1%. YFI To $40k, Low-Caps Surging It’s no secret that the DeFi sector has been cryptocurrency’s hottest topic recently. YFI’s fork, which recently rebranded its name from YFII Finance to DFI.Money is the clear leader in terms of value gained. It has exploded with a surge of 300% to about $5,500 per coin. Other YF derivative coins such as YF Value and YF Link are also up above 200% on the day. Yearn.Finance, however, reached highs not seen even from Bitcoin. While the community wonders if BTC will break its ATH of $20,000, YFI just doubled it by peaking just beneath $40,000. The asset has retraced slightly to $30,000, but this still represents a 90% increase since yesterday. Sushi farming , the latest hype in...

Yearn Finance is undoubtedly all the rage in the cryptocurrency field right now. Up just shy of 80% in the past 24 hours, it peaked at almost $39,000 on Binance. Now, industry proponents such as the CEO of one of the world’s largest Bitcoin margin trading exchanges are making bold predictions about its price. Arthur Hayes: YFI to $100,000 YFI is the governance token of the yield aggregating platform Yearn Finance. Launched in late July, the protocol attracted countless investors looking for profitable yield farming opportunities amid the booming DeFi sector. With its fair distribution, YFI became the most expensive altcoin, flipping Bitcoin’s value and peaking at almost $40,000 on Binance. Now, the cryptocurrency is trading at around $32,000, following a correction. In any case, this has prompted industry leaders such as Arthur Hayes, the CEO at BitMEX, one of the world’s leading Bitcoin margin exchanges, to make bold predictions. According to him, Bitcoin will reach $100,000. ...