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VeChain subverts market expectations, but what does it mean

Until a few weeks ago, VeChain’s price, amid anticipation for POA 2.0 Phase 1, seemed to register an independent rally. On 16 November, as VeChain’s first phase of the Proof of Authority (PoA) 2.0 SURFACE consensus algorithm went live, the market expected a similar upswing in price. However, exposed by the broader market’s weakness, VET had some other plans.  Opposite expectations  The latest consensus mechanism upgrade is set to improve several aspects of the network’s security and key operations. It will also make the blockchain more environment-friendly. Notably, a week

ODIN boards Cardano and cooperates with OKEx

Odin is a platform with a variety of features that will appeal to a wide range of traders. New traders will enjoy learning and acquiring expertise from more experienced traders; algorithmic traders will have a chance to host their bots that are easy to develop without coding requirements. Odin will also provide other capabilities that will include targeting a specific audience, monetizing content, copy trading, personal landing pages, and much more. Partnerships Brewing With Cardano & OKEx Odin has been busy lately forging partnerships with strategic significance to the project

COMP’s incentive crisis and what lies ahead for alt’s price

The DeFi space has accelerated at a pretty good pace of late, despite some setbacks in the first half of the year. In 2021 alone, the ecosystem reported a growth rate of over 20x. A lot of upcoming protocols like Abracadabra have made star entries recently too. Even so, platforms like Maker, Aave, and Compound are ruling the roost, still maintaining their spot in the top five in terms of total value locked.  Maker and Aave have had their fair share of price pumps over the last couple of months. However,

CropBytes launches the CBX token on Bybit and MEXC

Metaverses create a virtual world combining elements from digital gaming, augmented reality, and social media. While recent times have seen an influx of crypto gaming platforms that allow users a chance to play games in a tokenized ecosystem. CropBytes has established itself as a metaverse with a growing crypto gaming community ever since its launch in 2018. It has over 250K signups and 100K downloads on PlayStore and AppStore.  IEO and CBX token listing  Bybit and MEXC exchanges jointly listed the CBX token on 5 November 2021. Only a total

GoldPesa launches a gold-backed token with Upside

GoldPesa transforms gold into an income-generating asset class that trades at a premium. GoldPesa is launching a gold-backed token that trades at a premium and safely generates wealth for token holders. Each GoldPesa token (“GPX”) is backed by 1 gram of gold stored in a secure vault while not being a stable coin. Over the years, gold has earned a reputation as a good inflation hedge. Nevertheless, owning gold as an asset class doesn’t generate any yield. In fact, storing gold securely actually costs money. GoldPesa is solving this problem

Acala and Moonbeam Leading Polkadot Parachain Auction with $2.5B TVL

There are two horses extending their leads in the inaugural Polkadot parachain auction and the deadline for the end of bidding is approaching.Sponsored Sponsored The Polkadot network’s highly anticipated parachain auctions kicked off on Nov 11 and two projects are commanding a significant lead over the rest of the pack vying for the slot. With a combined total value locked of more than $2.5 billion worth of DOT pledged, Acala and Moonbeam are close contenders for the victory for the auction ending on Nov 18.Sponsored Sponsored The winning project will

Do Bitcoin and other cryptos have any added advantages over equities

Bitcoin has shot up in price at the start of the week following a major upgrade to its network. Even the rejection of a spot bitcoin ETF by the SEC appears to have done little to damage bitcoin’s price prospects. At press time, the token, post some correction was trading at the $65.8k mark. Nonetheless, what’s the projected price mark for the largest cryptocurrency. Gareth Soloway, the chief market strategist at stock technical guidance platform InTheMoneyStocks.com believes that the token still had some room to left to record a fresh

Gemini Lists DOGE Competitor SHIB, Community Celebrates

Shiba Inu (SHIB) has taken the market by surprise as its battle against Dogecoin (DOGE) moved to the crypto top 10 by market cap. In a vicious exchange between the two meme cryptos, the Elon Musk favorite and its supports have been trying to keep their spot on the ranking, but the Shiba Army gave equal relentless pursuit. Related Reading | Shiba Inu Continues To Dominate Community-Wise, But Why Is The Price Suffering? This community has another reason to celebrate, as leading crypto exchange Gemini announced that it will be

First Mover Asia: Bitcoin Drifts Lower After Taproot Upgrade; Ether Drops

Good morning, Here’s what’s happening this morning: Market Moves: Bitcoin’s highly anticipated Taproot upgrade fails to produce any noticeable price pop. Technician’s take: Short-term upside appears to be limited given the loss of positive momentum. Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis. Prices Bitcoin (BTC): $64,514 +0.4% Ether (ETH): $4,562 -1.7% Market moves Bitcoin was trading flat after Taproot, the blockchain’s biggest network upgrade in four years, went live. The upgrade, which took effect at 5:15 coordinated universal time (1:15 a.m.

Lumenswap launches first round of its lottery!

Lumenswap is a decentralized exchange handling the swapping and trading of digital assets. It is built on the Stellar blockchain and allows users to seamlessly spot trade through its exchange. Users get the chance to create their own trading pairs and trade on a distributed network apart from the already available trading pairs. It also has an order limit feature that allows for the proper execution of trades. Lumenswap also has a swap service that gives users the best rates on assets such as the ETH, LSP (Lumenswap token), USDC,

Bitwise withdraws its application for a bitcoin futures ETF.

Cryptocurrency firm Bitwise has withdrawn its bitcoin futures ETF application, according to Bitwise CIO Matt Hougan, who announced on Twitter. However, the spot filing remains in play and competes with several other applications for the United States Securities and Exchange Commission’s (SEC) attention. Hougan explained the withdrawal, which on the whole comes down to spot ETFs being better for long-term investors and the costs associated with futures ETFs.  1/ Today, @BitwiseInvest withdrew its application to list a bitcoin *futures* ETF. (Our spot filing remains.) Thought I’d share our thinking. A