September 2020 – Crypto Archives

Opinions are mixed on the subject of crypto risk: Survey

The biggest concern of most financial institutions regarding crypto is their use in illegal activities, a survey by ACAMS tells The recently conducted survey shows divided opinion between financial institutions, the government and the crypto community. Conducted by the Association of Certified Anti-Money Laundering Specialists and the Royal United Services Institute, the survey reports that …

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Stellar price analysis: XLMUSD bearish on major trend reversal pattern

XLM/USD price is $0.072 and is turning massively bearish as the highly reliable evening Doji star forms on the monthly chart. The technical picture for Stellar’s XLM token is strongly bearish as a candlestick pattern on the monthly chart appears. As of writing, the XLM/USD pair is trading around $0.073, largely unchanged over the last …

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Cosmos (ATOM) up 9 percent as technical indicators suggest a bullish breakout

ATOM price is up nearly 10% as strong performance and Coinbase staking rewards likely to push it beyond $5.77 ATOM/USD is changing hands around $5.41, up by more than 9% in the past 24 hours and over 30% in 7 days. The token thus is continuing a strong recovery from lows of $3.80 reached on …

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DeFi hype ebbs away through September

The DeFi boom witnessed between March and August is slowly declining, but it’s not the only thing going down The receding hype around DeFi has negatively impacted coins resulting in price drops for 93% of the top 250 coins this month. The token prices of many DeFi protocols including Chainlink, Synthetix, Compound and Yearn Finance …

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Blockchain legislation heads to US senate

Blockchain legislation in the United States has passed the House and is now headed for the Senate. The bills will try to find ways to upgrade payment infrastructure in the US The Digital Taxonomy Act and the Blockchain Innovation Act are now part of the updated Consumer Safety Technology Act. As of Tuesday, the Act …

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Bitpanda completes $52 million Series A funding

The leading crypto broker in Europe is set to formalize the completion of a $52 million Series A project With the initial exchange offering, seed round and the fundraising round the company has collectively raised about $100 million. The Series A round was headed by venture capitalist Peter Thiel, who is known for his contribution …

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Binance Coin (BNB) jumps to USD 28.50 as Binance lists CAKE and SPARTA tokens

Binance Coin (BNB) has surged by more than 7% in the past 24 hours and continues to outperform major cryptocurrencies Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP). Binance Coin is trading higher and could test prices around $30.00 in the next few sessions. Meanwhile, most of the largest cryptocurrencies by market cap are showing signs …

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63 percent of DEX trading volume is on Uniswap

Uniswap is the largest DeFi platform by total value locked and by trade volume among DEXes. As of September 29th, 2020, (8:00 UTC) the total value locked in DeFi protocols was around $11.11 billion. The dominant platforms with the highest TVL are Uniswap, Maker, Aave and Curve Finance, all of which have more than $1 …

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Hacker nabs $15m from an unreleased Yearn Finance project

Another incident involving theft of funds in the decentralised finance space leads to a $15m haul for hacker The project called Eminence (EMN) is being delivered by Yearn’s Andre Cronje suffered a $15 million loss yesterday. The loss has been viewed by critics as a consequence of the DeFi community’s voracity for unaudited code. The …

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Grayscale now holds over 2% of Bitcoin supply

Cryptocurrency investment firm, Grayscale, now controls more than 2% of the current Bitcoin (BTC) in circulation after its latest buying spree Cryptocurrency fund manager Grayscale Investments added more than $180 million to its Bitcoin Trust last week. The investment firm now has roughly $4.9 billion in assets under management (AUM) of its Bitcoin Trust following …

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Cardano’s bullish case strengthens as IOHK and UN team up

IOHK and the United Nations have offered a $10,000 bounty for developers to use Cardano’s blockchain. While major altcoins look to bounce off last week’s sell-off, Cardano’s strong performance over the past three days continues this Monday. The ADA token has jumped 10.64% in the past 24 hours to see the crypto asset’s price hit …

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Bitcoin portrays the future of online security: Twitter CEO

Tech entrepreneur Jack Dorsey, in a recent interview, claimed that Bitcoin and blockchain give hope for a possible future of pseudonymity Jack Dorsey, Twitter’s CEO, talked about the wave of crypto-related Twitter attacks witnessed recently in the interview for The Oslo Freedom Forum: “I appreciate the difference between pseudonymity and anonymity. Anonymity feels a lot …

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Crypto exchanges susceptible to breaches due to design | Bybit CEO

Bybit’s executive Ben Zhou asserted that he was no longer stunned by the attacks happening to crypto firms Crypto exchange security has been a trending subject recently owing to crypto attacks that have occurred in the past few months. The subject was once again in the headlines after hackers drained about $150 million from Bitcoin …

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Bitcoin confounds the bears to close above $10K for 9th consecutive week

The last time BTC/USD closed below $10K on the weekly and daily logs was July 26. Bitcoin held steady to post a weekly close at $10,780, meaning the top cryptocurrency has now closed above $10K for nine consecutive weeks. The previous record of 9 consecutive weeks was set in 2017 when BTC/USD rallied to highs …

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Huobi launches crypto trading app for the Russian market

Huobi Global, one of the leading cryptocurrency exchanges globally, has launched a cryptocurrency trading app dedicated solely to the Russian market Huobi released a native mobile app yesterday for cryptocurrency traders in Russia. The cryptocurrency trading app is available for Android and iOS mobile device users. According to the press release by Huobi, Russians now …

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Bitcoin inflow onto Ethereum hits USD 1.2B as Alameda Research Mints USD 25M Wrapped Bitcoin Block

With over $1.2 billion in Bitcoin now on Ethereum for DeFi use, Alameda Research continues to lead the with another $25 million worth of WBTC in a historic mint. Although Bitcoin’s price has over the past week retraced to lows of $10k and then capped below $10,800, one metric that has kept growing is the …

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ChainLink and Synthetix surge 30% and 25% to lead market recovery

LINK/USD jumped 30% after Travala.com partnership, while SYN/USD is up 25% Bitcoin has gained about 4% in the past 24 hours to touch highs of $10,800 again, as the altcoin market records similar rebounds after a week of major downward pressure. While coins like Cosmos (ATOM), Binance Coin (BNB) and NEO (NEO) have posted significant …

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Majority of the US Citizens opposed to CBDC, survey tells

In the latest turn of events, it seems most Americans are against a virtual currency system even though they have raised concerns about the current financial system in the past It has been merely a week since the Federal Reserve Bank revealed details about their ongoing research during the pandemic periods on the potential of …

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EU proposes regulatory framework for crypto and blockchain

This week, the European Union put forward a new framework regarding the legality of digital assets and cryptocurrencies Details of the new regulations were discussed at lengths on the organisation’s website and in the proposal documents. The goal of these regulations is to advance the market innovation-wise and extend the boons of digital finance to …

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Mask Network users can trade on Uniswap via Twitter

With this move, Mask is making it easier for traders to access market data and trade Ethereum-based tokens Mask Network has announced the launch of a widget that allows people to trade cryptocurrencies on the Uniswap exchange without leaving Twitter. This latest development comes as a result of the partnership between the Mask Network, Uniswap …

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Month: September 2020