Cryptocurrency Analysis and News Portal
The world has been slowly recovering from the COVID-19 pandemic, while some countries are bracing themselves for a potential second wave, but the economic downturn in many fields is imminent. This has spurred debates on the current model of a cash-based society, which claim that it had become outdated long
Read More
Ethereum co-founder Vitalik Buterin thinks that the stablecoin industry is missing a valuable opportunity to improve interoperability between different blockchains. In a lengthy Twitter thread on May 20, Buterin suggested that stablecoins could enable users to move value across different blockchains:“In the specific case of issuer-backed stablecoins there's lots of things
Read More
The value of stablecoins assets surpassed the $10 billion barrier gaining at least 70% in the last two months as investors prefer dollar-backed assets over Bitcoin.Stablecoins keep attracting more and more investors. On May 12, the value of stablecoins assets broke the $10 billion barrier. The value has gained by
Read More
Ethereum’s network is experiencing its busiest days in 10 months amid increased issuance of stablecoins and the runup to Ethereum 2.0. The seven-day moving average of the total number of confirmed transactions on Ethereum’s blockchain rose to 845,400 on April 30 to hit the highest level since July 1 , 2019,
Read More
Speaking at Virtual Blockchain Week (VBW), Binance founder and chief executive Changpeng Zhao (CZ) argued that stablecoins and charity initiatives can drive meaningful cryptocurrency adoption.CZ also discussed Binance Academy’s work with Chinese government institutions on blockchain projects and revealed that he hopes Binance can influence the shape of the country’s
Read More
Speaking to attendees at Virtual Blockchain Week from her home in Kansas, Alyze Sam, co-author of a major guide to stablecoins, suggested stablecoins could be the key for big companies like Facebook and JP Morgan accepting decentralized assets as payment. Her midwestern charm matched her deep knowledge of stablecoins, and Sam
Read More
Ether's price might be getting a boost from the crypto industry's version of the dash for cash.The coronavirus crisis has sent investors in both digital and traditional markets scrambling for U.S. dollars, seen as one of the best assets to park money in during a deflationary recession. In traditional markets,
Read More
While decentralized finance (defi) solutions have grown popular on the Ethereum blockchain, developers have recently created similar systems by leveraging BTC’s network. A project called Atomic Loans claims to offer a noncustodial bitcoin-backed stablecoin solution, while Money on chain a new smart contract built on the RSK protocol, also offers
Read More
Today, April 20, Huobi has reportedly minted some 4,200,000 HUSD worth $4.2 million.According to data published by Whale Alert, this minting occurred around 7:30 GMT. Social media reactions saw users note this number’s similarities to today’s date — the 20th day of the fourth month.HUSD has been mostly inactive since
Read More
It's been another bullish week for Bitcoin (BTC) as the price surged past the critical $7,200 resistance, as mentioned in last week's analysis, all the way to $7,300.However, the price has corrected slightly and is now sitting just below $7,200. So was this the local top? Or has the leading
Read More