CryptoDaily

The CEO of CoinSwitch shares his insights about the possibility of a cryptocurrency blanket ban in India. from Cointelegraph.com News https://ift.tt/3g8eiKl via IFTTT

Speed, reliability and availability are the cornerstones of modern finance, and DeFi has the potential to enhance and even supplant traditional finance. from Cointelegraph.com News https://ift.tt/3g6Cw7R via IFTTT

The Katalyst protocol upgrade will include the changes in the in-house token model to attract more participants. from Cointelegraph.com News https://ift.tt/31vIJ9h via IFTTT

TAIKAI has announced that it will use the Telos network to facilitate a secure and auditable voting mechanism to evaluate and reward stakeholders in hackathon events. from Cointelegraph.com News https://ift.tt/3dGl5JO via IFTTT

Binance, the world’s largest cryptocurrency exchange, has announced its plans to roll out a COMP/USDT Perpetual Contract. This is coming barely two weeks after the COMP governance token was launched by DeFi largest protocol, Compound Finance. Trading COMP With 50x Leverage Starting tomorrow, Tuesday, June 30 at 09:00 AM (UTC), Binance Futures traders will be able to both long and short COMP on perpetual contracts, using leverage between 1x and 50x. Unlike traditional futures contracts, a perpetual contract does not have predetermined expiration dates, meaning it can open and close at any time necessary. Binance perpetual contracts are settled in USDT. According to the COMP/USDT contract specification , the minimum contract quantity for COMP/USDT is 0.001, while the maximum is 10,000. The base initial marge rate, maintenance marge rate, and liquidation fee for the contract are pegged at 2%, 1%, and 0.5%, respectively. Compound’s Governance Token Compound Finance is a decentralize...

Ethereum saw a sharp 5.6% price fall this past week as it drops to $223. This has caused ETH to penetrate beneath a rising trend line that has been in play since mid-March 2020. Against Bitcoin, Ethereum failed to overcome 0.0253 BTC again and dropped to 0.0245 BTC. Key Support & Resistance Levels ETH/USD: Support: $215, $210, $200. Resistance: $225, $245, $250. ETH/BTC: Support: 0.0243 BTC, 0.0239 BTC, 0.0236 BTC. Resistance: 0.025 BTC, 0.0253 BTC, 0.026 BTC. ETH/USD: Ethereum Falls Beneath Rising Trend Line. Ethereum tested the resistance at $250 last week, but it failed to overcome it. This caused ETH to drop lower as it fell beneath the rising trend line support and fell as low as $215 (.236 Fib Retracement) during the week. ETH has rebounded from $215 as it trades at $223. However, the break beneath the rising trend line is quite significant as it could potentially mark a major shift in the trend if ETH continues to drop further beneath $200 (200-day EMA). ETH/...

Bitcoin’s price will continue trading in a tight range between $6,000 and $10,000 until the rest of the year, believes popular BTC analyst Tone Vays. He also thinks that short-term breaches above $10k are insufficient since the asset heads back down almost immediately. BTC Between $6k And 10K The price of the primary cryptocurrency has been on a roller-coaster since the start of the year. It entered the new century at about $7,200, but the bulls quickly took charge and spiked it to above $10,000 in February. The COVID-19 pandemic introduced itself to the Western world shortly after and inserted fear in the markets, which ultimately brought BTC below $4,000. Bitcoin has recovered since then, and aside from a few unsuccessful attempts to conquer the coveted $10,000 mark, it has ranged between $8k and $10k for two months. BTCUSD 1d. Source: TradingView As such, the well-known commentator and analyst doubled-down on his prediction from earlier that the primary cryptocurrency will ...