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Weiss Ratings apologizes for the false assessment of IOTA

September 1, 2020 IOTA, MIOTA, News Eddy 0

Weiss Crypto Ratings has publicly apologized to the crypto community for the incorrect assessment of IOTA’s current project status. IOTA cofounders Dominik Schiener and David Sønstebø acknowledged the correction As CNF reported, a few days ago a tweet from Weiss Ratings about IOTA caused quite a stir. The rating agency claimed that the IOTA Foundation […]

Illegal Malaysian Crypto Farms Stole $600K Worth of Electricity

September 1, 2020 Business, Frauds, Mining, News Eddy 0

Electricity is the lifeline of all Bitcoin mining operations and farms, but it does not often come cheap unless you’re situated somewhere in the Sichuan province of China known for providing electricity at a subsidized price. Across the globe, cheap electricity is a scarce but necessary resource for Bitcoin miners looking to turn a sizable […]

Will New DeFi Protocol Sushiswap’s Growth Eclipse That of Uniswap’s?

September 1, 2020 Blockchain Tech, Business, Cryptocurrency Exchange, DeFi, News Eddy 0

Decentralized exchange (DEX) Uniswap has barely enjoyed the spotlight under the recent DeFi craze before a significant contender appeared last week, named Sushiswap. While its name seemingly reflects some buffoonery in a market where dozens of DeFi protocols and tokens are created and then dumped shortly after on a day-to-day basis, the statistics show that […]

TRON’s Justin Sun Creates Namesake DeFi Coin, And Yes, The Name is $SUN

September 1, 2020 Blockchain Tech, DeFi, Fintech News, News Eddy 0

TRON founder Justin Sun today announced the creation of a new coin – a DeFi token, to be exact, as the popular crypto industry personality jumps on the decentralized finance bandwagon with his very own $SUN token, available from September 16 onwards. Unveiled via his Twitter account, Sun states that the project is “manifesting total […]

NEO and ATOM, Two Top Altcoins Heading to Multi-Year Highs Right Now!

September 1, 2020 Altcoins, SCN30 Eddy 0

The cryptocurrency market still acts in tandem with macroeconomic events happening globally at present. The main highlight during the past week was inarguably the Fed’s new direction in inflation policies which will raise the standard level of annual inflation above 2% in order to keep the market afloat. In August, the Dow Jones Index’s (DJI) […]

Bitcoin faces ‘make or break’ moment – Will BTC surpass $12,000?

August 31, 2020 Bitcoin, BTC, News Eddy 0

After the recent consolidation phase, analysts are predicting that the price of Bitcoin will rise above the resistance level of $12,000. The Federal Reserve’s announcement last week about its monetary policy could have a positive effect on the price of Bitcoin. After its last rejection at the $12,000 resistance level in mid-August, Bitcoin has remained […]

Ethereum: YFi breaks through $38,000 – Anylst predicts $500,000

August 31, 2020 ETH, Ethereum, News Eddy 0

The YFI price has reached an all-time high of almost $38,000, while analysts believe a rally above $500,000 is possible. Ethereum (ETH) could suffer supply-side liquidity shock due to increased demand after the launch of the new Ethereum Vault on yearn.finance. The token of the yearn.finance protocol, YFI, continues its incredible rally. Almost two months […]

Decentralized oracle solution Chainlink reaches Bitcoin via RSK smart contract ecosystem

August 31, 2020 Bitcoin, chainlink, News, RSK Eddy 0

Oracle solution Chainlink has been introduced to Bitcoin’s smart contract network RSK after teaming up with IOV Labs. The decentralized finance movement is still largely geared around Ethereum, but projects like RSK are on a mission to change that. The move paves the way for RSK developers to access external price and data feeds and […]

Data shows: Ethereum’s DeFi bubble is not even close to bursting

August 31, 2020 ETH, Ethereum, News Eddy 0

Data from analysis firm Dune shows that 400,000 Ethereum addresses have used DeFi protocols. High transaction fees on the Ethereum network could represent an obstacle to the growth. Trading volume on decentralized exchange Uniswap exceeded that of Coinbase Pro yesterday. The “DeFi fever” on Ethereum has become the most relevant topic in the crypto space. […]

Ripple CEO draws comparison to Uber and explains the corporate strategy

August 31, 2020 News, Ripple, XRP Eddy 0

Brad Garlinghouse used a comparison with Uber to explain Ripple’s corporate strategy. According to Ripple’s CEO, the company takes a cooperative rather than a disruptive approach, but is also willing to take risks. During the webinar “What it Takes: Inside the Best Workplaces for Innovators”, Ripple CEO Brad Garlinghouse recently spoke about Ripple’s corporate strategy […]