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What is Bancor Protocol? A DeFi Guide to BTN

Source Node: https://www.asiacryptotoday.com/bancor-protocol-guide/
Time Stamp: August 18, 2020 3:10 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Bancor Protocol takes advantage of smart contracts to build a decentralized, interoperable, and highly-liquid token exchange protocol. It became popular in the decentralized finance (DeFi) space shortly after having introduced smart tokens that facilitate instant exchange between different ERC-20 tokens in the market, regardless of their volume. Such development has opened a lot of other opportunities to users without having to involve third-party financial service providers in the scenario. Table of Contents Background The Team The team consists of five members of the Bancor Foundation, based in Zug, Switzerland. Bernard

It’s a Critical Moment for Ethereum Following Latest Rejection at $400

Source Node: https://bitcoinist.com/its-a-critical-moment-for-ethereum-following-latest-rejection-at-400/?utm_source=rss&utm_medium=rss&utm_campaign=its-a-critical-moment-for-ethereum-following-latest-rejection-at-400
Time Stamp: August 13, 2020 4:00 PM - Modified On: May 21, 2021 - Published By:
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Ethereum has been struggling to garner any strong momentum over the past week Overnight it saw a sharp influx of buying pressure that sent its price rocketing past $400 for a brief moment This movement was short-lived, however, as the cryptocurrency then posted a strong retrace that sent it reeling back down towards the $380 region Analysts are now noting that it’s a pivotal time for ETH, with a potential decline here having grave long-term implications That being said, multiple traders are still leaning towards being bullish on Ethereum, with

Analyst: Bitcoin Likely to Tap $10,000 Unless Bulls Spark Strong Movement

Source Node: https://bitcoinist.com/analyst-bitcoin-likely-to-tap-10000-unless-bulls-spark-strong-movement/?utm_source=rss&utm_medium=rss&utm_campaign=analyst-bitcoin-likely-to-tap-10000-unless-bulls-spark-strong-movement
Time Stamp: August 13, 2020 2:00 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin has been oscillating between the lower and mid-$11,000 region throughout the past few days This rocky price action comes close on the heels of the harsh rejection at $12,000 that it posted this past weekend The cryptocurrency will likely continue struggling to garner any momentum as long as hovers below the upper-$11,000 region, which is where it faces some resistance Analysts do believe that some near-term downside could be imminent in the days and weeks ahead One trader is setting his sights on a move towards $10,000 Bitcoin and

CoinShares: ‘Bitcoin Is Like a Risky Tech Stock’’

Source Node: https://cointelegraph.com/news/coinshares-bitcoin-is-like-a-risky-tech-stock
Time Stamp: August 12, 2020 12:17 AM - Modified On: May 21, 2021 - Published By:
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Bitcoin acts more like a tech startup stock than digital gold — with investors reaping big rewards if it works but potentially losing everything if the crypto asset fails.That’s the conclusion of an Aug. 10 report from digital asset manager CoinShares titled A Little Bitcoin Goes a Long Way. In it authors James Butterfill and Christopher Bendiksen argue that the fact Bitcoin (BTC) “starting its life at a price of zero” gave it a stellar reputation.“If it reaches its potential, the value could be immense,” the report stated.“At the same

Five Signs The 30% Band Protocol (BAND) Correction Is Just Starting

Source Node: https://bitcoinist.com/five-signs-the-30-band-protocol-band-correction-is-just-starting/?utm_source=rss&utm_medium=rss&utm_campaign=five-signs-the-30-band-protocol-band-correction-is-just-starting
Time Stamp: August 11, 2020 11:00 AM - Modified On: May 21, 2021 - Published By:
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Band Protocol is one of August’s best-performing crypto assets, right behind the showstopping Chainlink and other hot tokens. The altcoin is up over 300% month to date, but a 15% correction began overnight. Is this just a healthy pullback, or will the asset retrace further than most investors are prepared for? Here are five bearish signals that the Band crash may only be beginning.  DeFi And Decentralized Oracles Spark Mini-Crypto Bubble, 300% Returns Month-to-Date The cryptocurrency market is on fire, with nearly every asset posting major gains over the last

What Would the Re-Election of Alexander Lukashenko Mean for Crypto?

Source Node: https://cointelegraph.com/news/what-would-the-re-election-of-alexander-lukashenko-mean-for-crypto
Time Stamp: August 10, 2020 10:33 PM - Modified On: May 21, 2021 - Published By:
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Protests have erupted in Belarus following the country’s presidential election on Sunday, but the possible continued presidency of Alexander Lukashenko may be good news for crypto.Lukashenko reportedly won re-election against opposition candidate Svetlana Tikhanovskaya in a landslide victory with more than 80% of the vote on Aug. 9. However, officials from many nations and within Belarus are condemning the election results as flawed, with reports of falsified ballots. ‘Europe's last dictator’The president of the eastern European nation has served since 1994, during which time he has made a number of statements

Cryptocurrency News From Japan: August 2 – August 8 in Review

Source Node: https://cointelegraph.com/news/cryptocurrency-news-from-japan-august-2-august-8-in-review
Time Stamp: August 8, 2020 3:00 PM - Modified On: May 21, 2021 - Published By:
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This week’s headlines from Japan included Coincheck readying its digital shareholder meeting solution, GMO Coin announcing negative leverage trading fees, Decurret testing transactions with a power company, Japanese authorities proposing tax changes, and Japanese finance company FISCO developing apps for shareholder voting and staking. Check out some of this week’s crypto and blockchain headlines, originally reported by Cointelegraph Japan.Coincheck setting up for digital shareholder service As Tokyo-based crypto exchange Coincheck readies its new digital meeting avenue, the exchange's co-founder expressed confidence in the project. Known as Sharely, unveiled in June 2020, 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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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