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Stocks Are Weaker While Digital Assts Are Tentatively in the Green

The news came in just as Christine Lagarde, president of the European Central Bank, was holding a press conference and doing a fair job of bolstering the euro. During her speech, the EUR/USD rose by about 50 pips, which some of you know is the smallest possible movement in the foreign exchange market. This does look pretty impressive on the short term chart (left) but when you zoom out a bit, we can see that’s it’s hardly a significant move. The euro has made some fairly strong gains against the

Bitcoin Reddit Roundup – August 2020

Welcome to the 3rd edition of Reddit Roundup by Nik and Flip of Bitcoin Magazine!This contains 40 links to most of the best quality content that was uploaded to Reddit for this month. Most links come from the popular r/bitcoin, but we also retrieved posts from other ones as well such as r/BitcoinMining.In this roundup, there are 10 different categories each link falls under, and the categories are: Privacy, Adoption, Development, Security, Mining, Business, Education, Regulation & Politics, Archaeology (Financial Incumbents), and last but not least Memes, Fun, And Other.Some

What is Wrapped Bitcoin (WBTC) and How Can DeFi Investors Use It?

Even though DeFi is taking off, a little extra liquidity could prove to be the wind beneath its wings. Powered by 46 partners—and counting—Wrapped Bitcoin (WBTC) is blowing in from all corners of the globe. Wrapped Bitcoin (WBTC) is an ERC-20 token, pegged to bitcoin 1:1, that was launched on the Ethereum network on January 31, 2020. As a result, bitcoin can be used in the largely Ethereum-powered DeFi market. How Does Wrapped Bitcoin Work? There are three key players in the process of a bitcoin holder getting WBTC: the

$Kimchi Finance Took the DeFi Market By Storm

The DeFi arena has been spicing up the cryptosphere with the introduction of one food-sounding token after another. The latest menu offering has Kimchi brewing. This crypto clone that recently jumped into the DeFi space has the same architecture with that of SushiSwap, which was also a doppelganger of Uniswap, but has a lot more to offer, including a governance token. This neophyte has more value bombs than you can imagine. Named after the famous Korean dish, Kimchi has only been launched on September 1 but has already garnered a