Cryptocurrency Analysis and News Portal
The DeFi industry has been gaining momentum since 2020, offering a new perspective on the world of finance and a new way for investors to make money. In its essence, DeFi, also known as Decentralized Finance, is an ecosystem of applications and services built on public blockchains.Yield farming and staking are
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Decentralized derivatives and synthetic asset trading protocol, Synthetix, has launched trading on the Optimistic Ethereum layer two scaling platform.The long-awaited launch was announced by the Synthetix protocol exchange Kwenta on July 30. It enables the exchange to offer faster transactions and lower fees using optimistic rollup technology.Initially, there will be
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Global payments platform PayPal is looking towards the United Kingdom as the next market in which to expand its crypto trading services.According to the company’s second-quarter earnings call on Wednesday, PayPal has done very well out of crypto trading for the period. CEO Dan Schulman stated that the U.K. is
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This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. It was a tumultuous week in China outside the financial world with severe flooding hitting Zhengzhou and typhoon In-Fa
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Cryptocurrency exchange Okcoin may soon be opening its doors wider to crypto traders in Malta and the Netherlands following approval from key regulators.In a Thursday announcement, Okcoin said it had secured formal registration from the central bank in the Netherlands and secured "in principle" approval for a virtual financial assets
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Ethereum's native asset Ether (ETH) faces prospects of closing above $14,000 sometime in 2021 based on its current trend's striking similarity with the one from last year.Ether price fractalFirst spotted by user TradingShot, the Ethereum fractal involves three technical indicators: a 50-day simple moving average (50-day SMA), a Fibonacci channel,
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Promising innovations in DeFi have given rise to a new breed of stablecoins that have the potential to reduce volatility and promote greater decentralization, according to a new research report from ShapeShift. In its latest New Frontiers research study, ShapeShift explores the recent growth of “algorithmic stablecoins,” which are cryptocurrencies that
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2021 has been a rollercoaster year for the crypto industry, with Bitcoin (BTC) scaling up to an all-time high of $65,000 earlier this year in April, only to dip down to the sub $30,000 zone just months later. However, a moment that is widely considered by many to be a
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Cryptocurrency adoption has seen an accelerated growth this year, with the global crypto population doubling since January, according to a new report.Major digital asset company Crypto.com released its latest study on measuring global cryptocurrency users on Thursday, discovering that the number of crypto users worldwide has more than doubled from
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Hass McCook is a respected Sydney-based civil engineer who has worked on some of the most spectacular buildings in the world, from Munich’s Allianz Arena to Singapore’s Marina Bay Sands.He also considers Bitcoin to be his religion.Better known on Twitter as Friar Hass, the 35-year-old had a religious epiphany about
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