A new algorithmic stablecoin called AgeUSD will be launched on the Cardano blockchain making it a first for the network.

Decentralized oracle platform Chainlink unveiled its whitepaper 2 yesterday, making improvements and update to seven aspects of its network. The post Inside the Chainlink 2.0 whitepaper—the 7 updates you should know appeared first on CryptoSlate.

The well known software developer Luke Dashjr is in the midst of controversy over how to upgrade the Bitcoin network in order to add the Taproot protocol. Bitcoin Core developers want to upgrade with “Speedy trial,” which will allow miners to push the feature through. However, Luke Dashjr wants to upgrade in a different manner, […]

Nigeria’s Securities and Exchange Commission (SEC) has revealed that talks with the Central Bank of Nigeria (CBN) regarding the regulation of cryptocurrencies are ongoing. The securities regulator also reiterated that due to a CBN directive that was issued on February 7, 2021, the crypto guidelines it issued in September 2020 remain suspended. Crypto Guidelines Set […]

According to news outlet Bloomberg, Marc Berger, who stepped down from his role at the US Securities and Exchange Commission (SEC) in January, will join New York-based Simpson Thacher in June. The post Former SEC Director who led Ripple action lands new role at Ethereum law firm appeared first on CryptoSlate.

Bitcoin price (BTC) reached a new all-time high this week, soaring to almost $65,000 on Wednesday the 14th of April. With Bitcoin’s price now in “blue sky territory” and its market cap sitting comfortably around the $1.17 trillion level, the big question is – just how high will the current bull market push the BTC […]

Coinbase shares closed at $327 on their Nasdaq debut, giving the crypto exchange an initial market cap of $86bn on a fully diluted basis. Fully diluted refers to the total number of common shares outstanding and available to trade on the open market after all possible sources of conversion. But some feel this measure gives […]

Canadian stock market investors will soon have a wide range of options to choose from when it comes to Ethereum ETFs.

Back in mid-February, Bitcoin.com News reported on Miami’s Mayor Francis Suarez supporting the idea of the city holding bitcoin in the treasury and allowing tax payments in bitcoin as well. On April 15, 2021, reports show that the city may introduce the tax payments concept soon, as the District 8 county commissioner Danielle Cohen Higgins […]

The entire crypto market could increase in size by 50,000%, according to macro investor and Bitcoin advocate Raoul Pal. In a new interview on the Gestalt University podcast, The Real Vision Finance founder says that the public is generally unprepared for the ways in which digital assets could transform the current financial landscape. “There is […] The post Crypto Asset Market Could Surge 500x, Investors Don’t Realize Magnitude of What’s Happening: Raoul Pal appeared first on The Daily Hodl.

EOS price hit its highest level since 2018 after protocol upgrades and big-name collaborations attract institutional investors.

Binance has burned more than $600 million U.S. dollars worth of Binance Coin (BNB), setting the cryptocurrency up for further gains.  Over 1 Million Tokens Burned  The world’s largest cryptocurrency exchange by trading volume, Binance, has completed its fifteenth quarterly BNB burn. A total of 1,099,888 BNB, worth nearly $600 million, have been permanently removed from circulation, leaving a remaining total supply of 169.50 million BNB. This represents the largest token burn that Binance has conducted to date.  So far, Binance has burned 15.30% of the 200 million BNB supply. About 35% of the supply will be destroyed in the coming years. BNB Burn by BinanceAccording to Binance CEO Changpeng Zhao, many factors have contributed to the price action that BNB has seen over the past few months. These include the “BUIDL” mentality that his team has adopted, the growth of DeFi, and the expansion of the token’s utility thanks to the Binance Smart Chain (BSC). “BNB’s use cases have expanded to hundreds of applications on numerous platforms and projects within the crypto ecosystem,” Zhao stated in a blog post. He noted that the coin is used to pay transaction fees on many Binance exchange services, as well as pay fees on BSC-based DeFi services such as Pancakeswap. BNB Consolidates Before Higher Highs BNB has enjoyed an impressive bull rally since the beginning of the year. The token has posted year-to-date returns of over 1,200%, beginning at $37.40 and reaching a new all-time high of $640.50.  Binance Coin seems to have more room to go up regardless of the massive gains it has already posted. It entered a consolidation period shortly after its peak on Apr. 12. The recent downward price action seems to be creating the pennant of a bull pennant formation on the 4-hour chart. Meanwhile, the 79.50% upswing seen between Apr. 7 and 12 developed the pattern’s flagpole.  Another spike in buying pressure that sends BNB above the pennant’s upper trendline will signal the uptrend’s resumption. Under such unique circumstances, Binance Coin could rise by 44.30% toward the 127.2% Fibonacci retracement level at $750. BNB/USDt on TradingViewFailing to slice through the overhead resistance could lead to a downswing to the 50% Fibonacci retracement level at $478. Binance Coin must hold above this support level to avoid a steeper correction toward the 23.6% Fibonacci retracement level at $410. Binance Coin is currently the third-largest cryptocurrency, boasting a market capitalization of $79 billion. Disclosure: At the time of writing, this author owned Bitcoin and Ethereum.

Joke currency Dogecoin (DOGE) is probably a joke no longer, if today’s price run and market cap is anything to consider. The post Dogecoin pumps 200% to become 5th largest crypto, and no one knows why appeared first on CryptoSlate.

CryptoNinjas » Blockchain monitoring provider PARSIQ integrates with crypto custodian Hex Trust PARSIQ, a blockchain monitoring & event tracking service provider, today announced it entered into a new strategic partnership with Asia-based digital asset custodian, Hex Trust. The partnership will enable PARSIQ to provide PRQ token holders with bank-level security to keep their assets safe; while offering Hex Trust’s clients additional security with enterprise-grade monitoring. Listed on […] CryptoNinjas » Blockchain monitoring provider PARSIQ integrates with crypto custodian Hex Trust

The moderators of the famous Reddit forum Wallstreetbets, known for putting Gamestop (GME) stock prices on the map as a worldwide trending topic, lifted a ban on all discussions related to bitcoin, ethereum, and dogecoin. However, the decision has been reversed after a recently published Bloomberg article. Bitcoin, Ethereum, Dogecoin Were Allowed to Discuss for […]

Bitcoin’s weakness and Dogecoin’s epic pump are signals that the market could be overheating and in need of a short-term correction.

The Securities and Exchange Commission (SEC) lawsuit against Ripple Labs, and executives Brad Garlinghouse and Chris Larsen seem to have taken a weird turn. According to the former federal prosecutor and defense lawyer James Filan, the Commission could have allegedly bypass certain rules to its benefit. #XRPCommunity #XRP #SEC v. #Ripple @sentosumosaba BREAKING: DISCOVERY DISPUTE […]

PRESS RELEASE. Blockchain eco project SafeEarth has donated over $100,000 to TheOceanCleanUp charity with more donations planned for other global charities. 16th April, 2021, London, UK — SafeEarth, a blockchain eco project, has donated over $100,000 to community selected charity TheOceanCleanUp. The donated funds will help towards the removal of plastic waste from the planet. […]

The past week saw a lot of growth across the cryptocurrency market, with Bitcoin and Ethereum seeing their values pushed towards new all-time highs. However, it is safe to say that the digital assets market is no longer just about the top two cryptos in the market, with DeFi coins such as YFI registering significant […]

Charles Hoskinson, creator of Cardano and CEO of IOHK, has criticized Dogecoin’s rapidly rising market value. Hoskinson Says Prices Are Unsustainable Continuing on from its recent price performance, Dogecoin has seen a 124% price gain over the past 24 hours. That prompted Charles Hoskinson to comment on the coin’s success. “DOGE has always been for our industry kind of a an inside joke, a pet rock, a fun mocking cryptocurrency, and a light-hearted thing,” Hoskinson stated in a YouTube video. He noted that Dogecoin’s price rally has largely been driven by Elon Musk’s promotion of the coin on Twitter. He added that the coin’s growth has also been driven by “market manipulation by clever whales,” possibly referring to /r/WallStreetBets, a Reddit community that has organized various investment campaigns. Hoskinson argued that Dogecoin’s growth is not sustainable. He noted that Dogecoin does not have a stable development team, that the coin’s code is largely based on Bitcoin, and that the coin is not well-equipped to deal with security issues if one should arise. Hoskinson even encouraged investors to sell their DOGE. “If you’ve made money, great, but get the hell out of it! It’s a bubble, it’s not real, there’s nothing sustainable there,” he stated. Regulatory Fallout Is Possible Furthermore, Hoskinson suggested that the Dogecoin bubble could mean long-term fallout for the crypto industry. He believes that once the Dogecoin bubble bursts, there will be regulatory inquiries from bodies such as the SEC and U.S. Congress. “There will be all kinds of regulators running around saying this is proof that crypto can’t control itself,” Hoskinson speculated. Hoskinson suggested that if this trend continues, the cryptocurrency industry will be regulated to the degree that blockchain projects will be required to get approvals similar to bank charters. Hoskinson explained: “It will be an invitation-only club controlled from the top down, and any freedom that we have managed to pull back from the legacy financial system will be lost.” He added that, even before the bubble bursts, overly high market values could attract lawmakers and international regulators. “If this is the gateway for retail investors to enter our ecosystem… at some point it’s going to hurt each and every one of us,” he said. Not Just Promoting Cardano Hoskinson’s criticisms of Dogecoin are natural given that he leads development on his own competing blockchain, Cardano. However, Hoskinson did not merely promote his own coin as an alternative. Additionally, he called other projects sustainable, including Algorand, Tezos, Avalanche, and Ethereum 2.0. Hoskinson noted that each has “large teams, capital and accountability.” It remains to be seen whether Hoskinson’s worst fears will come true. Though crypto regulations are becoming increasingly harsh, many new crypto projects continue to flourish. Disclaimer: At the time of writing this author held less than $75 of Bitcoin, Ethereum, and altcoins.

Beyond Bitcoin, the hottest assets in the crypto markets are those that feature a robust ecosystem that supports several other essential sectors in the industry, such as DeFi or NFTs. The innovative Ethereum Layer 2 scaling solution Polygon – formerly Matic –  is among the most popular and recently partnered with Trace Networks and Infosys […]

An Australian company hopes to dial down cross-border payment hassles and fees using the crypto asset XRP. Novatti Group, a company focused on delivering innovative payment solutions, has teamed up with Ripple to use its XRP-powered platform On-Demand Liquidity (ODL) for instant, cross-border payments. A statement on the Ripple’s website says ODL will allow Novatti […] The post Australian Remittance Service Taps Crypto Asset XRP for Cross-Border Payments appeared first on The Daily Hodl.

CardStarter will integrate Chainlink’s Verifiable Random Function (VRF). Thus, CardStarter will have access to Chainlink’s solutions. Its VRF will “guaranteed” that actions within this platform are fully randomized without any bias and protected against manipulation. CardStarter is an important part of Cardano’s ecosystem, via its decentralized platform project on this blockchain has a launchpad with […]

Following Dogecoin’s lead, Ethereum Classic rallied to a new all-time high and Bitcoin Cash price doubled as altcoin forks start to gain traction.

CryptoNinjas » Blockcap mines 544 bitcoin (BTC) in Q1 2021 Blockcap, one of the largest bitcoin mining and blockchain technology companies based in the United States, announced today that it mined a total of 544 bitcoin during the first quarter of this year. Coming on the heels of several large-scale acquisitions of mining machinery by Blockcap, the revelation highlights not only the rapid growth experienced […] CryptoNinjas » Blockcap mines 544 bitcoin (BTC) in Q1 2021

A former acting director of the Central Intelligence Agency (CIA) Michael Morell believes the already limited use of Bitcoin in illicit activity is on the decline. In a letter published by global security publication The Cipher Brief, Morell says there is “mounting evidence” showing a “shift” by illicit users “from Bitcoin to cryptocurrencies with stronger […] The post Criminals Are Abandoning Bitcoin, Says Former CIA Director – Here’s Why appeared first on The Daily Hodl.

EOS can be expected to find strong support around the $6.8-zone. If Bitcoin stabilizes above the $60.5k-area, altcoins could have a chance of recovery in the coming days. Otherwise, it would be further selling pressure across the market. Synthetix and Maker posted gains over the past few days, but were likely to retrace a significant […]

Does that mean trading is more popular than social media now?

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Tezos saw its price hike by over 9 percent in the last 24 hours, with the crypto continuing to do so since the last week of March. However, a look at the altcoin’s price […]

Litecoin suffered from the recent wave of bearish pressure as it was stopped just short of the $300-mark, and could be set to retrace as far south as $260 and $244. Basic Attention Token was heading toward its range lows once more, while Compound moved almost vertically north. It could note a steep drop back […]

The International Monetary Fund (IMF) is stepping up its focus on digital currencies, calling the coming shift to digital assets a revolution. IMF Managing Director Kristalina Georgieva believes that digital money is on the cusp of major changes that have the potential to reshape cross-border payments and remittances. At the iLab Spring Meetings Virtual Workshop, […] The post IMF Increasing Focus on Digital Currency Revolution and Cross-Border Remittances appeared first on The Daily Hodl.

$250 million in Ethereum options are set to expire on April 23 and derivatives data shows bulls still have a slight advantage.

Crypto exchange Binance ‘burned’ over $594 million worth of its own BNB token today, in a move that marked the largest ever burn that the exchange did. The post Crypto exchange Binance burns nearly $600 million worth of BNB appeared first on CryptoSlate.

The ETF will offer three classes of units: two in CAD and one in USD.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Bitcoin Cash has seen strong bullish momentum right from the last week of March, with BCH noting a steady uptrend which resulted in a price surge of over 120 percent. However, in the last […]

The Federal Reserve chairman believes that cryptocurrencies are “really vehicles for speculation” and “No one is using them for payments.” He then compared crypto to gold. His comments about cryptocurrency followed Coinbase’s direct listing on Nasdaq. Fed Chair Powell Thinks Crypto Is for Speculation Federal Reserve Chairman Jerome Powell talked about cryptocurrency in an interview […]

Will competing companies come out of the woodwork?

The altcoin market has always been highly correlated to Bitcoin’s price and over the past week, this was quite evident. The short-term price correction that Bitcoin underwent affected many of the market’s altcoins. However, it didn’t do so uniformly. Monero [XMR] Monero’s price has seen significant gains over the past week amounting to over 26 […]

Chainlink’s price, at the time of writing, was up by over 20% over the previous week. In the ongoing altcoin rally, while the decentralized oracle network’s trade volume has dropped across exchanges, its current liquidity is enough for the price to hike with top altcoins. A reliable metric that signals this is the amount of […]

The past seven days were particularly eventful. We saw the listing of Coinbase on Nasdaq and Bitcoin charting a new all-time high, amid the booming altcoins.

Enso raises $5 million from top funds and YFI price hits a new record high as the demand for DeFi yield rises.

"Who’s gonna use the euro in its current form? There are gonna be so many choices" said ConsenSys South Africa lead Monica Singer.

Dogecoin continues its staggering advance thanks to a new wave of interest. Even after nearly 200% in gains, DOGE may just be getting started. Dogecoin Leads the Charts Dogecoin has stolen the crypto spotlight after skyrocketing by a more than 180% in the last 24 hours. While the rest of the market bled, DOGE surged from $0.18 to make a new all-time high of $0.46.  The sudden bullish impulse pushed it up in the rankings to become the fifth-largest cryptocurrency by market capitalization, above Tether.  Crypto Heat Map by Coin360Skew implied that the hype behind Dogecoin is real. The data analytics firm recorded a significant spike in the number of daily subscribers on Dogecoin’s subreddit over the past week.  There were roughly 500 subscribers to r/dogecoin on Apr. 10. Now, more than 30,000 people have joined this subreddit community.  Crypto Subreddits by SkewFurther Gains on the Horizon From a technical perspective, Dogecoin’s explosive price action comes from the breakout of an ascending triangle that developed on its daily chart since late January. The three-month-long consolidation period ended on Apr. 13, with a 416% upswing.  The most optimistic target is determined by measuring the height of the triangle’s y-axis from the bottom up and adding that distance to the breakout point. When taking this into account, DOGE has met the bullish target as it rose above the 200% Fibonacci retracement level at nearly $0.36.  As FOMO drives even more investors, Dogecoin may have a chance to advance to the 227.2% or the 261.8%Fibonacci retracement level. These areas of interest sit at $0.52 and $0.83, respectively. DOGE/USDT on TradingViewGiven the magnitude of Dogecoin’s uptrend, it would be reasonable for prices to slow down before targeting higher highs. A rejection from the $0.36 hurdle might lead to a spike in profit-taking that sends DOGE back to look for support around the 161.8% or 141.4% Fibonacci retracement level.  These demand walls sit at $0.21 and $0.16, respectively.  Disclosure: At the time of writing, this author owned Bitcoin and Ethereum.

Bitcoin Gold is the 64th largest cryptocurrency according to its market cap of $1,953,138,239. 83% of the total supply (17,513,924 BTG) is currently in circulation out of the maximum supply of 21 million BTG. $92,267,876 worth of BTG have been traded in the last 24 hours. In this Bitcoin Gold price prediction article, we will […] The post Bitcoin Gold (BTG) Price Prediction and Analysis in May 2021 appeared first on Coindoo.

Coinbase has been the big story of the crypto-market over the past few days, with its public debut via a direct listing grabbing eyeballs everywhere. In fact, Coinbase is the first major cryptocurrency company to go public, representing the industry’s booming growth. However, while there is a lot of optimism around, people have also highlighted […]

The platform is particularly not allowing Dogecoin purchases.

Cardano creator Charles Hoskinson says the smart contract platform will host billions of dollars worth of products and inspire many blockchain developers to migrate away from Ethereum at the base layer. In a new interview on Cardano Chats, Hoskinson, who is busy at working building a competitor to the Ethereum platform, which he himself co-founded […] The post Multi-Billion Dollar Product Lines Coming to Cardano, Mass Exodus From Ethereum at Base Layer Likely: Charles Hoskinson appeared first on The Daily Hodl.

The Central bank of the Republic of Turkey has issued a cryptocurrency regulation prohibiting the use of cryptocurrencies for payments of goods and services. From the end of this month, crypto assets cannot be used directly or indirectly as a means of payment in the country and no service can be provided for this purpose. […]

Over the past week, Bitcoin has seen its price hike by close to 9 percent, with the crypto trading around $61k at press time. With the price still fairly close to its previous ATH, many expect further price discovery from the world’s largest cryptocurrency. However, this also fuels the question – Is it likely that […]

Chainlink, the widely-used decentralized oracle network, released its ‘2’ whitepaper yesterday in a move that sent LINK surging by 10%. The post Sergey Nazarov talks Chainlink 2.0 and ‘hybrid’ smart contracts at BlockDown appeared first on CryptoSlate.