Bitcoin is The Only Fixed Asset in the Galaxy, The Winklevii Told Dave Portnoy

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Although gold and Bitcoin are considered similar asset classes because of their maximum supply, that of the precious metal may increase substantially in the following years if Elon Musk’s SpaceX decides to mine gold and other metals from asteroids. While explaining the merits of Bitcoin to the popular Wall Street trader Dave Portnoy, the Winklevoss twins said that this can’t...

US Federal Reserve Is Experimenting With A Digital Currency

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The United States has finally joined the bandwagon of countries testing a central bank digital currency (CBDC), Thursday reports revealed. Governor Lael Brainard said during a virtual technology event yesterday that the US Federal Reserve, in collaboration with research teams from Boston Fed and Massachusetts Institute of Technology (MIT), is conducting experiments with a hypothetical digital currency. According to Brainard, both...

Controversy Spirals Around Curve Finance (CRV) Anonymous Deployment

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One of the more popular protocols in the DeFi space, Curve Finance, saw its CRV token deployed by an anonymous developer who appears to have front-run their efforts. The team has confirmed the legitimacy of the deployment and its further adoption. Shortly after, some of the major exchanges, Binance and Poloniex, announced their support for trading the token. Curve Finance (CRV)...

Bitcoin Exchange BitMEX Announces a 6-Month Window for User ID Verification

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Bitcoin derivatives exchange surprised its users today by asking them to comply with a mandatory ID verification procedure. The 6-month long process will continue until February 12th, 2021. BitMEX will start this ‘User Verification Programme’ on August 28 at 00:00 UTC. BitMEX Asks Users To ‘KYC’ In a blog post published today, the prominent bitcoin and cryptocurrency futures trading platform announced a...

BTC Dominance At 1-Year Lows as Ethereum Skyrockets 9%

Bitcoin’s dominance over the market continues to suffer even though BTC has recovered from its dips and trades at $11,750. This is primarily because of numerous impressive alt pumps, including Ethereum, which finally broke above $400 after its significant price surge. Ethereum Over $400, LINK (Another) ATH, Alts Rejoice The second-largest cryptocurrency by market cap is among the most impressive gainers from...

Ethereum (ETH) Price Rallies Above $420 as Total Value Locked in DeFi Hits $5 Billion

Ethereum’s native cryptocurrency, Ether has experienced an explosive price action in the last few hours. ETH surged by more than 8 percent to move past the $420 price mark breaking out of a week-long consolidation. Also, the Ethereum based decentralized finance ecosystem just registered a new milestone. The total USD value locked in DeFi hit the $5 billion mark. ETH Regains...

US DOJ Seizes Over 300 Cryptocurrency Accounts Allegedly Operated By Al-Qaeda and ISIS

The US Department of Justice (DOJ) has made its largest seizure of cryptocurrency accounts allegedly belonging and operated by some of the most feared terrorist organizations, namely al-Qaeda, ISIS, and Hamas. DOJ Seizes Cryptocurrency Accounts Operated By Terrorists According to the press release shared by the Justice Department earlier today, US authorities have seized over 300 accounts containing millions of dollars...

Gold and Silver Start to Move Higher, Will Bitcoin Follow? (BTC Price Analysis)

Bitcoin price continues to remain inside the bullish ascending triangle, despite several attempts from bearish traders in the last three days to break through the pattern’s vital up-trending support. On the 4-Hour BTC/USD chart, we can see that bulls have successfully eaten up all 6 of the candles that wicked down beneath the support, but have so far been unable...

Tron And Waves Partner To Push DeFi Mass-Adoption

Tron has partnered with Waves to connect the two respective blockchain networks called Solidity and Ride to push mass adoption in the decentralized finance (DeFi) field. All TRC-20 tokens will be available on the Waves blockchain and vice-versa with the assistance of the cross-chain communication network – Gravity. TRON Partners With Waves According to a press release shared with CryptoPotato, Tron and...

Average Ethereum Transaction Fees Soar To New ATH as Yield Farming Booms

The Ethereum transaction fees reached a new all-time high following the latest DeFi craze YAM. A simple approval operation on some decentralized exchanges like Uniswap costs upwards of $13 on occasions. ETH Gas Fees Through The Roof The Ethereum blockchain is the underlying technology behind the majority of the DeFi-based projects. Investors wanting to allocate funds into such assets can do...