Archive for January 2021
This project aims to deliver on one of DeFi’s most important missions
Community governance has been added to a host of features that make YFDAI Finance a leading platform in the DeFi space. Since its creation in 2009, blockchain technology promised to rid the world of the need for trusted third parties. DeFi has taken this promise seriously and is changing the way we look at finance,…
Read MoreDogecoin Explodes 1,100% in GameStop-Like Copycat Rally
Dogecoin (DOGE) underwent one of the quickest bull runs in the history of cryptocurrency markets, rising by more than 1,100 percent in just two days as a Reddit group “SatoshiStreetBets” called on ordinary traders to buy the meme-based token. Such DOGE, Much Wow! The frenzied trading catapulted Dogecoin’s market valuation to around $9.5 billion, making…
Read MoreBitcoin Fractal That Crashed BTC/USD by 50% Flashes Again in 2021
Bitcoin is showing signs of replicating its trend from 2019 that crashed its prices by more than 50 percent. According to a fractal first spotted by TradingShot, an independent trade analytics firm, the flagship cryptocurrency’s downside correction move from its recently-established record high near $42,000 is very similar to its plunge in June 2019. That…
Read MoreEerie Gold Fractal From 2020 Leaves Bitcoin Exposed to $27K-Retest
Bitcoin’s price correction from its record high of approx $42,000 in early January appears eerily similar to that of spot gold in August 2020. In retrospect, the precious metal rallied to its all-time high of $2,075.28 on January 8. Its wild move upward prompted traders to secure profits. As a result, the XAU/USD exchange rate…
Read MoreRecurring Buys And Why You Should Start Doing It With Your Crypto
Investing in crypto can be rewarding but also incredibly stressful — especially when things aren’t going too well. At the time of writing, Bitcoin is down over 20% in the past week after an incredible run. It’s fair to say that things can be… up and down. So it’s a good idea to take the…
Read MoreBybit Analysts Indicates Alt-Season Maybe Upon Us Despite Fears of Rampant Volatility
Following the tumultuous last couple of days that saw Bitcoin plunge to lows of $28,950, the market as a whole has proceeded to make a swift recovery, with a vast majority of the top-10 cryptos once again sitting in the green. And while that may be a regular day in the office for most crypto…
Read MoreBitcoin Enters Consolidation Phase as Analysts Set Their Sights on This Major Crypto
Bitcoin has seen some mixed price action as of late, with bulls and bears largely reaching an impasse as the crypto consolidates Following its recent plunge to below $29,000, the crypto has been seeing some sideways trading that has made it incredibly unclear as to where it will trend next One analyst noted that Bitcoin…
Read MoreLost And Found: Man Recovers Bitcoin From Hard Drive Burned In A Fire
Bitcoin is once again in the news, the subject of internet chatter, and watercoolor talk. It is for the first time also the darling of Wall Street, beating out every other financial asset under the sun. The media blitz, rising price, and widespread FOMO has those who have lost Bitcoin in the past feeling the…
Read MoreDouble Spend FUD Crashes Bitcoin Below $30,000; Return of Bear Trend?
Bitcoin crashed below $30,000 on Friday as traders panicked about a technical flaw that allows people to spend the same cryptocurrency unit twice. Google Trends for the keyword “Double Spend”—as the flaw is called—reached a perfect score of 100. This escalated quickly! #FUD #Bitcoin pic.twitter.com/Nkx95vy4QF — Ciara Sun (@CiaraHuobi) January 22, 2021 According to BitMEX…
Read MoreAn Overview of Modern Crypto Crowdfunding Mechanisms
Since 2013, the primary way new blockchain projects were funded was through a type of crowdfunding system known as an initial coin offering (ICO). In an ICO, early-stage blockchain projects would issue and sell tokens to investors, who usually get first access to these tokens — generally at the best available prices. As the project…
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