value

What is Wrapped Bitcoin? A Guide to WBTC

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Time Stamp: August 8, 2020 12:24 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

WBTC is a way for Bitcoin to run on the Ethereum blockchain. Performing quick and affordable transactions using Bitcoin (BTC) has long been a problem of the community ever since it became more popular. This is why there have been many developments planning to address this issue.  But what if we can make our BTC coins functional on the Ethereum (ETH) blockchain? Would there be a difference? Wrapped BTC (WBTC) is a multi-institution project that aims to solve common BTC problems by creating its ERC-20 token counterpart. And in the

Analysts Fear an Ethereum Drop to $300 As Price Becomes “Heavy”

Source Node: https://bitcoinist.com/analysts-fear-an-ethereum-drop-to-300-as-price-becomes-heavy/?utm_source=rss&utm_medium=rss&utm_campaign=analysts-fear-an-ethereum-drop-to-300-as-price-becomes-heavy
Time Stamp: August 8, 2020 12:00 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Ethereum has begun to drop over the past 24 hours as the asset was once again rejected at $400. $400 is a psychological and technical resistance for the leading cryptocurrency, which is still up 50% in the past two weeks. Analysts believe that the recent price weakness could be a precursor to a stronger retracement in the days ahead. One commentator is predicting a drop to $300. This purportedly lines up with important technical levels on Ethereum’s medium-term chart. Investors in ETH should watch Bitcoin and other markets for some

BitMEX Leaderboard Trader Fears Bitcoin Could See a Second “Flash Dump”

Source Node: https://bitcoinist.com/bitmex-leaderboard-trader-fears-bitcoin-could-see-a-second-flash-dump/?utm_source=rss&utm_medium=rss&utm_campaign=bitmex-leaderboard-trader-fears-bitcoin-could-see-a-second-flash-dump
Time Stamp: August 7, 2020 9:00 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Bitcoin has slid lower over the past 24 hours as the cryptocurrency failed to surmount $12,000 in the latest leg higher. As of the time of this article’s writing, BTC trades for $11,600 — 5% shy of the local highs. Investors are still reeling from the flash crash that transpired approximately one week ago. While that was seemingly a black swan event, a trader is fearing a secondary event. The individual in question is a two-time BitMEX return on equity (ROE) leaderboard trader, meaning he has a strong track record.

Adam Back: Some ICOs Funded Useful Research Despite Being Unethical

Source Node: https://cointelegraph.com/news/adam-back-some-icos-funded-useful-research-despite-being-unethical
Time Stamp: August 7, 2020 7:00 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Adam Back recently took to Twitter with controversial comments on many of the industry’s largest crypto projects — including Ethereum (ETH), Cardano (ADA), Ripple (XRP), and Stellar (XML). His tweets placed these projects in the same category as a number of bonafide scams, which he considers to have been orchestrated as “premines”.We interviewed Back in order to clarify his position on the matter, starting with questions of how he feels about Satoshi Nakamoto essentially premining over one million Bitcoin. Back responded that “Bitcoin has no premine”, adding that he considers

An Official North Dakota Cryptocurrency Could Be on the Horizon

Source Node: https://cointelegraph.com/news/an-official-north-dakota-cryptocurrency-could-be-on-the-horizon
Time Stamp: August 7, 2020 5:09 PM - Modified On: May 21, 2021 - Published By:
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Rep. Nathan Toman believes that an official "North Dakota coin" could potentially help the state's struggling economy in the wake of COVID-19, an Aug. 7 article from Inforum said. "That was my hope, but we're a little bit late to the game on doing something like that," Toman told Inforum regarding COVID-19 and the potential state-sanctioned Blockchain asset.Backed by aspects such as state-held precious metals and property, Toman told Inforum he sees the such an asset positioned as more of a store of value than a transactional currency. He additionally believes

Monero’s Hashrate Experienced Its Largest Single Day Gains Ever

Source Node: https://cointelegraph.com/news/moneros-hashrate-experienced-its-largest-single-day-gains-ever
Time Stamp: August 7, 2020 3:00 PM - Modified On: May 21, 2021 - Published By:
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August 6, Monero (XMR) has experienced its biggest increase in hashrate since the network’s creation in 2014.Monero hashrate. Source: Coin Metrics.The Monero hashrate increased from 1.67 GH/s on August 5 to 2.2 GH/s on August 6. That 0.52 GH/s single day gain is the highest in the project’s history. Prior to this, most significant daily percentage gains came in the project’s early days when the base was much smaller.Banks should embrace privacy coins to protect their clientsOn August 3, Coin Center submitted comments to the Office of the Comptroller of

Curve Finance Guide – How to Make Money with Curve (CRV)

Source Node: https://www.asiacryptotoday.com/curve-finance-guide/
Time Stamp: August 7, 2020 11:59 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

The Curve Protocol is one of the largest and most used projects in the Decentralized Finance (DeFi) space. It is integrated with most DeFi protocols and has seen rapid adoption in a short window. It’s essentially the most competent automated market maker (AMM) out there for stablecoins and wrapped tokens. Curve’s most valuable accomplishment has been giving people incentive to contribute liquidity and earn rewards over their idle assets. A community-based project, the protocol innovates continuously and is now progressing towards total decentralization.  In this guide, we take a look

Celebrating The History And Spirit Of Bitcoin Independence Day

Source Node: https://bitcoinmagazine.com/articles/celebrating-the-history-and-spirit-of-bitcoin-independence-day?utm_source=rss&utm_medium=rss&utm_campaign=celebrating-the-history-and-spirit-of-bitcoin-independence-day
Time Stamp: August 6, 2020 11:27 AM - Modified On: May 21, 2021 - Published By:
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This article originally appeared in our Weekly Bits newsletter. If you want our news and analysis before anyone else, make sure you subscribe now! In my view, Bitcoin Independence Day is a holiday that says a lot about the BTC community. Its origins are highly technical and difficult to understand, the “independence” it celebrates refers to the developer community overcoming interests from industrialized miners and, ultimately, it’s a chance for Bitcoiners to reflect on the young history of the technology and engage in debate. To celebrate, Bitcoin Magazine hosted a day

Bullish For Bitcoin: BTC Supply Slowly Shifts From Whales Toward Smaller Entities

Source Node: https://bitcoinist.com/bullish-for-bitcoin-btc-supply-slowly-shifts-from-whales-toward-smaller-entities/?utm_source=rss&utm_medium=rss&utm_campaign=bullish-for-bitcoin-btc-supply-slowly-shifts-from-whales-toward-smaller-entities
Time Stamp: August 6, 2020 11:00 AM - Modified On: May 21, 2021 - Published By:
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New data shows that the amount of Bitcoin held by smaller entities has grown significantly. Meanwhile, during the same time, whale-sized BTC wallets declined by a similar margin. Clearly, there’s been a sizable shift in supply, but what exactly does this crypto wealth transfer signify? And is this bullish or bearish for the first-ever cryptocurrency? Supply Restrictions Give Cryptocurrencies Added Value That Isn’t Fully Understood Out of all of Bitcoin’s unique attributes that give it inherent value, nothing compares to the asset’s hard-capped, 21 million BTC supply. Various supply-based valuation

OKCoin Awards Latest Developer Grant To Marco Falke

Source Node: https://bitcoinmagazine.com/articles/okcoin-awards-latest-developer-grant-to-marco-falke?utm_source=rss&utm_medium=rss&utm_campaign=okcoin-awards-latest-developer-grant-to-marco-falke
Time Stamp: August 6, 2020 8:00 AM - Modified On: May 21, 2021 - Published By:
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Cryptocurrency exchange OKCoin announced today that the latest contribution from its Open-Source Developer Grant is going to Marco Falke, who has served as a Bitcoin Core maintainer since 2016 and is one of the most active contributors to Bitcoin’s code. “Marco’s work … focuses on making development more efficient,” Elaine Song, a member of OKCoin’s business operations team who is involved with the grant program, told Bitcoin Magazine. “He is the most active contributor to the Bitcoin code since 2017. He is presently dedicated to the improvement of Bitcoin’s test

InstaDapp Guide: Bridge to All DeFi Platforms

Source Node: https://www.asiacryptotoday.com/instadapp-guide-bridge-to-all-defi-platforms/
Time Stamp: August 5, 2020 11:21 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

One of the drawbacks of decentralized finance (DeFi) protocols today is that you need different platforms to perform specific functions instead of having them all in one place. And that’s the problem that Instadapp is trying to solve. Instadapp is a DeFi platform that provides users and developers with a single point of integration to access all the DeFi protocols. As we are in the early days of the decentralized web, Instadapp aims to be a window into multiple DeFi services — tools that make transactions of crypto assets easier.

Bitcoin Black Friday 2020 Will Host Major Discounts For BTC Payments

Source Node: https://bitcoinmagazine.com/articles/bitcoin-black-friday-2020-will-host-major-discounts-for-btc-payments?utm_source=rss&utm_medium=rss&utm_campaign=bitcoin-black-friday-2020-will-host-major-discounts-for-btc-payments
Time Stamp: August 4, 2020 4:10 PM - Modified On: May 21, 2021 - Published By:
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Before Bitcoin was a movement, it was a digital currency. While the store-of-value aspect of Bitcoin gets highlighted often, the permissionless payments side often doesn’t receive the attention it deserves. In 2012, Jon Holmquist embraced the Black Friday holiday in order to help Bitcoiners showcase the advantages of their favorite technology, launching BitcoinBlackFriday.com and hacking a mainstream cultural moment into a tool for Bitcoin adoption. In years past, thousands of merchants have participated in Bitcoin Black Friday, offering special discounts for those willing to pay in BTC. P2P marketplaces have