applications

Bitcoin and Gold Short-Lived Correlation Not a Sign of Comparability

Source Node: https://cointelegraph.com/news/bitcoin-and-gold-short-lived-correlation-not-a-sign-of-comparability
Time Stamp: August 18, 2020 10:30 AM - Modified On: May 21, 2021 - Published By:
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The Bitcoin (BTC) and gold one-month correlation reached a record high of 68% as Bitcoin hit $12,000 early in August, but the correlation crashed by 20% the following week. Despite this, Bitcoin looks set to become digital gold in 2020 considering the price correlations and trends in the futures market.Both gold and Bitcoin are having a phenomenal year in terms of year-to-date returns. According to Skew Analytics, gold has a 27.93% YTD return, while Bitcoin has racked up a 71.68% YTD yield. Although Bitcoin sees much higher volatility than gold,

Staking for Waves’ Neutrino Dollars Comes to the Ethereum Network

Source Node: https://cointelegraph.com/news/staking-for-waves-neutrino-dollars-comes-to-the-ethereum-network
Time Stamp: August 18, 2020 9:00 AM - Modified On: May 21, 2021 - Published By:
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The Neutrino protocol, a price-stable multi-asset protocol running on major blockchain platform Waves, is introducing the Neutrino dollar (USDN) on Ethereum.The Neutrino dollar, an algorithmic stablecoin collateralized by the Waves (WAVES) native token, is now available for all Ethereum users as the token has been ported to the Ethereum blockchain, Waves announced on Aug. 18.With the porting, Neutrino USD becomes accessible on Ethereum, enabling Ethereum users to stake rewards by just holding USDN in their Ethereum wallets, Waves CEO and founder Alexander Ivanov told Cointelegraph. The new integration also allows

Blockchain-Backed Social Media Brings More Choice for Users

Source Node: https://cointelegraph.com/news/blockchain-backed-social-media-brings-more-choice-for-users
Time Stamp: August 16, 2020 10:00 AM - Modified On: May 21, 2021 - Published By:
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As people continue to rethink topics like technology development, economic measures and freedom of speech because of the COVID-19 pandemic, blockchain has now emerged as a solution for many issues. Iva Wisher, co-founder of Ignite, a decentralized microblogging platform, said blockchain may also be a solution against state-sponsored censorship in today’s pandemic-related new normal. During an interview with Cointelegraph, Wisher clarified that in general, freedom of speech means a “possibility to express any opinion, even an unpopular one, unless this opinion is not a call to violence.”The blockchain technology then could

The Importance of Developing the Decentralized Finance Space

Source Node: https://cointelegraph.com/news/the-importance-of-developing-the-decentralized-finance-space
Time Stamp: August 16, 2020 7:00 AM - Modified On: May 21, 2021 - Published By:
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The rapid growth of the decentralized finance space, the rise in demand, the improvement of its protocols, and the breadth of offered services and opportunities will provide retail users with the options they are sorely lacking in the existing financial system. And it will enable institutions to move real-world assets onto the blockchain, generating untold cost-savings and improved efficiencies.But it doesn’t have to be a violent revolution. DeFi doesn’t necessarily need to overthrow the incumbent system. I believe that DeFi will complement traditional finance, force it to do better, and,

Blockchain Phones and Bitcoin Watches: Revisiting the Crypto Tech Hype

Source Node: https://cointelegraph.com/news/blockchain-phones-and-bitcoin-watches-revisiting-the-crypto-tech-hype
Time Stamp: August 16, 2020 2:00 AM - Modified On: May 21, 2021 - Published By:
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Talk of cryptocurrency and blockchain-powered gadgets inevitably spiked alongside the hype for token prices. But looking back, have they delivered any meaningful changes to users, or are they just another result of the hype synonymous with the space? The surge of interest in the space came to a head in 2017 as Bitcoin (BTC) hit never-before-seen highs of around $20,000 before crashing dramatically and entering the bearish crypto winter. While the collapse left devastation in its wake, the months of focus brought Bitcoin, cryptocurrency and blockchain technology into the mainstream consciousness

Record Ethereum Network Use and Gas Fees Pose Risk to DeFi Expansion

Source Node: https://cointelegraph.com/news/record-ethereum-network-use-and-gas-fees-pose-risk-to-defi-expansion
Time Stamp: August 15, 2020 5:31 PM - Modified On: May 21, 2021 - Published By:
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The number of Ethereum network transactions more than doubled in 2020 and is now virtually identical to the January 2018 all-time high. As shown on the chart below, the number of transactions doubled in the past six months to stand at 1.23 million per day. Ethereum 7-day average daily transactions. Source: CoinMetricsThis situation might seem very bullish at first, but one must remember both EOS and Tron (TRX) started as ERC-20 tokens before launching their own mainnet and running fully independent blockchains.A similar chain migration is happening on Tether’s USDT, a stablecoin

RenVM Guide: A Private and Interopable DeFi Platform

Source Node: https://www.asiacryptotoday.com/renvm-guide-a-private-and-interopable-defi-platform/
Time Stamp: August 15, 2020 9:53 AM - Modified On: May 21, 2021 - Published By:
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With the objective of solving concerns on privacy, interoperability, and liquidity in decentralized applications, the RenVM ecosystem was established. This is yet another successful DeFi project with cross-chain interoperability, only this time, with better privacy features. The Republic Protocol and its RenVM project were aimed to provide large volume and high-frequency traders the opportunity to execute trades without spooking the market with their calls. With the help of darknodes, they maintained an exchange with a hidden order book. Table of Contents Background Ren began in late 2017 under the Republic

Samsung Phone Support for Gemini Exchange Can Further Crypto Adoption

Source Node: https://cointelegraph.com/news/samsung-phone-support-for-gemini-exchange-can-further-crypto-adoption
Time Stamp: August 15, 2020 4:30 AM - Modified On: May 21, 2021 - Published By:
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In a major new partnership, Samsung has announced that the Samsung Blockchain Wallet will be integrated with Gemini, a New York-based crypto exchange. This integration will allow owners of newer Samsung Galaxy phones to not only use their devices as cold storage wallets but to buy and sell crypto via the Gemini exchange as well.Samsung is the global leader in the smartphone market, with 298.1 million units shipped and a 21.8% market share in 2019, according to tech analytic firm Canalys. Adding support for Gemini will lower the barrier to

Bitcoin Proceeds of COVID-19 Business Support Scheme Fraud Seized

Source Node: https://cointelegraph.com/news/bitcoin-proceeds-of-covid-19-business-support-scheme-fraud-seized
Time Stamp: August 14, 2020 7:39 AM - Modified On: May 21, 2021 - Published By:
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A U.K. woman has been arrested in possession of £115,000 ($150,000) of Bitcoin (BTC), according to a Metropolitan Police report. The cryptocurrency is alleged to be the proceeds of a fraudulent scheme applying for government loans designed to assist small businesses in the wake of the coronavirus pandemic.The 35-year-old woman was arrested on suspicion of fraud, money laundering and child neglect, following the search of a residential address in Ipswich, United Kingdom on Aug 12. Officers successfully applied for the detention of the Bitcoin held in the suspect’s cryptocurrency wallet

What is Ferrum Network? A Guide to High-speed DeFi

Source Node: https://www.asiacryptotoday.com/ferrum-network-frm/
Time Stamp: August 14, 2020 2:53 AM - Modified On: May 21, 2021 - Published By:
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Decentralized finance has risen to become one of the foremost active sectors in the crypto space. With the establishment of decentralized ecosystems with global network effects and interoperability, they have successfully penetrated the fintech industry. One very interesting  DeFi project is Ferrum Network. Ferrum’s revolutionary technology brings networks together, for a consistently high-speed and low-cost transaction experience for each digital asset. It aims to overcome current problems in cryptocurrency usage in real-world finance applications. Table of Contents Background Founder Naiem Yeganeh, along with Co-Founder and COO Ian Friend, laid the

DeFi Tokens BAND, LINK, Outpace Bitcoin Price by Gaining 100% in 10 Days

Source Node: https://cointelegraph.com/news/defi-tokens-band-link-outpace-bitcoin-price-by-gaining-100-in-10-days
Time Stamp: August 10, 2020 5:35 PM - Modified On: May 21, 2021 - Published By:
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This week Bitcoin (BTC) price is making waves as the digital asset finally pushed above the $12K mark, but prior to this move, altcoins have been strongly outpeforming BTC for weeks. Two of the most notable performers are Band Protocol (BAND) and Chainlink (LINK) as both surged by 348% and 88% in the past ten days. Each functions as an oracle blockchain network that supplies data to Decentralized Finance (DeFi) applications.Since the start of August, BAND price rose from $3.9 to as high as $17.78 and in the same period, LINK