Building

Bitcoin Touches $12,000 While Gold Continues Its Rally

Source Node: https://www.bitcoinmarketjournal.com/bitcoin-12000/
Time Stamp: August 17, 2020 3:58 PM - Modified On: May 21, 2021 - Published By:
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Of the many things that happened over the weekend, perhaps the most significant was the announcement from Warren Buffett that he’s now investing in gold and gold-related assets. They say you can’t teach an old dog new tricks, and this is a huge shift in investment principals for the Oracle of Omaha. Long contending that gold is not a worthwhile asset to invest in, Warren is now very abruptly seeing the appeal. Why? … You know why. This is about money printing. The printer is working overtime, and this is

Defi Is Coming to Qtum as Ethereum Rival Launches $1M Defi Dev Fund

Source Node: https://bitcoinist.com/defi-is-coming-to-qtum-as-ethereum-rival-launches-1m-defi-dev-fund/?utm_source=rss&utm_medium=rss&utm_campaign=defi-is-coming-to-qtum-as-ethereum-rival-launches-1m-defi-dev-fund
Time Stamp: August 17, 2020 3:11 PM - Modified On: May 21, 2021 - Published By:
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Blockchain smart contract network Qtum has become the latest ecosystem to woo Ethereum developers. Unlike many of its rivals, however, Qtum can boast compatibility with Ethereum’s EVM, meaning developers can port projects directly over. On August 17, the Qtum Foundation announced a $1 million DeFi development fund that will be allocated to solo devs and teams seeking to create scalable DeFi dApps. Qtum is not the first blockchain platform to lay down the red carpet to DeFi devs; Matic Network recently issued a similar call, with a generous grant program

A Massive Bitcoin Price Move Is Likely Imminent… Again: Here’s Why

Source Node: https://bitcoinist.com/massive-bitcoin-price-move-imminent-again/?utm_source=rss&utm_medium=rss&utm_campaign=massive-bitcoin-price-move-imminent-again
Time Stamp: August 16, 2020 9:00 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin has consolidated between $11,000-12,000 over recent weeks. While the consolidation has only lasted for just over two weeks, prices are tightening again. By indicators like the width of the Bollinger Bands, volatility is reaching notable lows yet again. This signals to analysts that a massive Bitcoin price move is likely imminent. Fortunately for bulls, there are many analysts expecting upside due to both technical and fundamental trends. How high Bitcoin rallies in this potential breakout, though, is not yet clear. Bitcoin Could Soon See a Massive Move: Volatility Indicators

Analysts Are Expecting Chainlink (LINK) to Pull Back After Parabolic Advance

Source Node: https://bitcoinist.com/analysts-chainlink-pull-back-parabolic-advance/?utm_source=rss&utm_medium=rss&utm_campaign=analysts-chainlink-pull-back-parabolic-advance
Time Stamp: August 15, 2020 12:00 AM - Modified On: May 21, 2021 - Published By:
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Chainlink (LINK) has been embroiled in a parabolic rally in recent weeks. The asset has gained hundreds of percent since the March capitulation lows. Chainlink could undergo a correction as technical signals suggest that the asset is overbought. There are also on-chain signals that show LINK investors are hesitant to believe the rally will continue. What may boost the asset’s bull case, though, is an increasing number of short position holders. This increases the likelihood of a “short squeeze” that will transpire, pushing prices higher once again. Chainlink Could See

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

VeChain & Oxford Announce New Framework to Assess Consensus Protocols

Source Node: https://beincrypto.com/vechain-oxford-announce-new-framework-to-assess-consensus-protocols/
Time Stamp: August 12, 2020 9:14 AM - Modified On: May 21, 2021 - Published By:
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Since 2018, VeChain has partnered with the Mathematical Institute at Oxford University to carry out research and provide independent scientific advice. As of August 11, it appears this collaboration is beginning to pay dividends. Yesterday, the VeChain Foundation tweeted, “with the purpose of supporting the #blockchain industry, #VeChain and the University of Oxford releases AlphaBlock – our joint research paper on blockchain consensus”. Source: Oxford University In a blog post, VeChain went on to detail the need for its proposed AlfaBlock framework, “considering the pivotal role of consensus protocols in

Building on Taproot: Payment Pools Could Be Bitcoin’s Next Layer Two Protocol

Source Node: https://bitcoinmagazine.com/articles/building-on-taproot-payment-pools-could-be-bitcoins-next-layer-two-protocol?utm_source=rss&utm_medium=rss&utm_campaign=building-on-taproot-payment-pools-could-be-bitcoins-next-layer-two-protocol
Time Stamp: August 11, 2020 12:10 PM - Modified On: May 21, 2021 - Published By:
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This article is about a technological concept based on the proposed Taproot protocol upgrade. If you’re not yet familiar with the basics of how Taproot works, it’s recommended that you first read this explainer.Taproot, a potential upgrade to the Bitcoin protocol first proposed by Bitcoin Core contributor Gregory Maxwell, is in its late stages of development. The technology consists of a clever combination of crypto-tricks that would let users hide complex smart contracts inside regular-looking transactions — the complexity is only ever revealed if parties to a contract are uncooperative.Leveraging

Ethereum Classic’s Leadership Says They Don’t Need Charles Hoskinson’s Bailout

Source Node: https://cointelegraph.com/news/ethereum-classics-leadership-says-they-dont-need-charles-hoskinsons-bailout
Time Stamp: August 10, 2020 6:08 PM - Modified On: May 21, 2021 - Published By:
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Cardano (ADA) founder Charles Hoskinson recently offered to help the troubled Ethereum Classic (ETC) community, but it came with a major condition. The community would first have to institute a decentralized treasury system, similar to Hoskinson’s Cardano and many other blockchain projects. If the community did not accept his terms, Hoskinson felt like his help would have been a waste of time and money:“It's not worth my company's time or our strategies to pivot for a grant or a one off payment to go and bail us out. If there

Ethereum 2.0 Testnet Performing Well, 1 Million ‘ETH’ Staked

Source Node: https://beincrypto.com/ethereum-2-0-testnet-performing-well-1-million-eth-staked/
Time Stamp: August 10, 2020 3:10 AM - Modified On: May 21, 2021 - Published By:
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It’s been almost a week since the launch of the ETH 2.0 final public testnet, which has been performing as intended by most accounts. As many as one million ETH have been staked on the Beacon Chain simulation, reviving hopes of a mainnet launch later this year. The Medalla ETH 2.0 testnet has been running for six days which has given developers a chance to monitor early progress. Launched on Aug 4, Medalla is the fifth and final testnet for the long-awaited upgrade to an Ethereum proof-of-stake consensus. Phase 0

Ampleforth Down 66% — Welcome to Rebasing

Source Node: https://beincrypto.com/ampleforth-down-66-welcome-to-rebasing/
Time Stamp: August 9, 2020 9:55 AM - Modified On: May 21, 2021 - Published By:
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The elastic supply token Ampleforth (AMPL) has lost two-thirds of its market cap in a matter of days. The atypical characteristics of the token attracted many investors that jumped in. After a dramatic surge in price and market cap, the tables have turned and Ampleforth has entered a corrective phase. The token is understood by many as just an experiment, and it may impact the way future tokens are created. AMPL: The Ultimate Digital Money? Ampleforth is not your typical cryptocurrency. It’s quite a complex token with some revolutionary ideas,

BAT, Stellar Lumens, VeChain Price Analysis: 07 August

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Time Stamp: August 7, 2020 6:15 AM - Modified On: May 21, 2021 - Published By:
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Bitcoin’s latest attempt to climb on the charts has been met by some degree of success, with the world’s largest cryptocurrency, after a long time, managing to hold a level above the psychological resistance of $10,000. At press time, Bitcoin was being traded at $11,736 with a trading volume of $8.3 billion.Source: CoinStatsSuch success was underlined by the fact that while BTC failed in its attempt to sustain a breach of $12,000, it didn’t fall below $11,000, implying that Bitcoin is again building up strength before its next effort. The