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Price analysis 10/23: BTC, ETH, XRP, BCH, BNB, LINK, DOT, LTC, ADA, BSV
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Bitcoin is showing signs of profit booking, resulting in a slight downturn in altcoin prices. PayPal’s crypto announcement acted as a trigger that drove Bitcoin (BTC) price to a new 52-week high. During such news-based events, traders holding short positions…
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Novogratz calls PayPal’s Bitcoin news ‘the shot heard around the world on Wall Street’
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PayPal coming to crypto is big news for adoption, says the investor. Galaxy Digital CEO and multi-millionaire Mike Novogratz recently hopped on CNBC Squawk Box for an interview, detailing the importance of PayPal’s upcoming 2021 Bitcoin (BTC) launch. “I think…
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Law Decoded: Government sandboxes, test beds and crypto compromises, Oct. 16-23
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These week’s news highlighted how governments test new regimes for cryptocurrency, which can be slow but are certainly some kind of progress. A line from immortal comic strip Calvin & Hobbes goes “a good compromise leaves everybody mad.” When it…
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Anonymous devs behind a DeFi yield farm could steal $1B in 12 hours
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A lot of trust is required to put money in Harvest Finance. Harvest Finance, a decentralized finance project that succeeded in attracting over $1 billion in funds locked, has an admin key that gives its holders the ability to mint…
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Digital ruble must ensure privacy, not anonymity: Russia’s central bank
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Russia’s digital ruble will not have the same level of anonymity as cash, says official. Elvira Nabiullina, the head of the Bank of Russia, argued that there is a line between anonymity and privacy regarding the circulation of an upcoming…
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Why low latency is important for cryptocurrency exchanges, explained
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Low latency is essential for high-end cryptocurrency traders, but not all exchanges can offer it. We’ll explore why it’s important and where to find it. How is this changing cryptocurrency? Many believe that lower latency should make markets more efficient,…
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DeFi season could be over as Bitcoin and Ether pack bags for the moon
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Bitcoin and Ether see a strong bullish sentiment, but confidence in DeFi starts to shake. With Bitcoin price successfully punching through the $12,000 barrier after PayPal announced that it would be venturing into digital assets, October is delivering on the…
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Binance VC arm leads $1.3M raise for decentralized streaming protocol
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Decentralized music sharing service Audius has raised nearly $10 million so far. Binance, the world’s largest cryptocurrency exchange, is funding a major decentralized audio streaming service through its investment and incubation arm. According to an Oct. 23 announcement, Binance Labs…
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Quantstamp will audit the entire blockchain of a new DeFi project on Polkadot
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Quantstamp’s audit is crucial to ensure a smoothly operating blockchain. One of the first audits of a decentralized finance project connected with the Polkadot (DOT) blockchain is set to be carried out by blockchain security firm Quantstamp. The project, Equilibrium,…
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Institutional frenzy: CME becomes 2nd biggest Bitcoin futures market
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The Chicago Mercantile Exchange (CME) just became the second-biggest Bitcoin futures exchange in open interest behind OKEx, buoyed by rising institutional demand. The CME Bitcoin futures market overtook Binance Futures to become the second-biggest Bitcoin (BTC) futures exchange by open…
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