Monthly Archives: April 2020

Dydx Processed $1.1 Billion Cryptocurrency Loans in 12 Months — 70% in Just 60 Days

Cryptocurrency lender Dydx advanced a total of $1.14 billion in digital asset loans over the past 12 months. But about 70% of the money was borrowed in just two months, February and March, as coronavirus-linked volatility triggered a frenzy of borrowing among investors. Monthly volume remained below $100 million in the nine months to January but rose sharply between February and March to about $300 million and $400 million, respectively, the latest data from the company shows. More than $100 million worth of loans have been lent […]

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Charles Hoskinson Explains How Cardano Could Get to a Trillion Dollar Market Cap

Charles Hoskinson explains how Cardano will get to a trillion dollar market cap. In a recent interview with Cointelegraph, Ethereum (ETH) co-founder and Cardano (ADA) founder Charles Hoskinson explained why he believes Cardano is poised for a trillion dollar market cap. One of the main distinguishing points of Cardano’s development approach is its emphasis on research-first. Genius founder will not always be around Though there have recently been a new crop of what Hoskinson calls “science coins” — such as Algorand (ALGO), AVA, and StarkWare — when […]

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Algorand Joins Trade Association to Further Blockchain Adoption

The Wall Street Blockchain Alliance welcomes Algorand to their team as a corporate member. The Wall Street Blockchain Alliance, or WSBA, announced on April 23 that the proof-of-stake cryptocurrency platform, Algorand, has joined their alliance as a corporate member. According to the post, Algorand is teaming up with many of the tech and finance companies that are working with the WSBA. Their goal is to exploit the potential that blockchain technology offers for financial markets. Blockchain adoption within financial markets sphere The announcement was praised by Ron […]

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Renowned Photographer Sells Digital Art on Gemini-Backed Blockchain Platform

Renowned artist, Lyle Owerko, is selling his digital artwork on a blockchain platform backed by major crypto exchange Gemini. Renowned photographer and filmmaker, Lyle Owerko, is selling his digital artwork on Nifty Gateway — a blockchain platform backed by the Gemini crypto exchange. Owerko, whose patrons include Madonna and Jay-Z, is auctioning works that are part of his Boombox Project. The limited-edition virtual artworks being sold feature illustrations of Boomboxes in various colors at prices ranging from $20 to $2,500. The sale page reads: “In Lyle’s marketplace, […]

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Curv Launches Offline Signing Solution After Expanding Into Asia

Curv has launched a software-based custody product allowing secure signing via multi-party computations protocols from offline devices. Curv, a Tel-Aviv and New York-based digital asset security platform, has launched Curv Air Gap — an institutional transaction signing solution that uses multi-party computation, or MPC, protocols on offline devices. The launch comes roughly one week after Curv expanded its operations in Asia — opening an office in Hong Kong and partnering with Japanese blockchain firm, Crypto Garage, to provide secure transaction signing for their Liquid-based settlement solution. Curv […]

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Bitcoin to Be Digital Gold in 2020, Says Bloomberg Report

Bitcoin will mature into a gold-like store of value this year, according to the latest projections by Bloomberg. The financial magazine’s report, “Bitcoin Maturation Leap,” notes that the cryptocurrency is poised for a bull run, after being temporarily dragged by the coronavirus-induced stock market tailspin. With its correlation to gold jumping to all-time highs, BTC is poised to transition from a risk-on speculative asset to the crypto market’s version of the metal. “This year marks a key test for bitcoin’s transition toward a quasi-currency like gold, and […]

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Ethereum Developers Roll Up Their Sleeves in Hunt for Scalability Cure

Why hasn’t the Ethereum blockchain found the perfect solution for its scalability problem since 2014, and does one really exist? The Ethereum team has been trying to solve the blockchain scalability problem since 2014. During that time, solutions such as Raiden, Plasma, zk-SNARKs, sharding and rollups appeared in the developers’ tool kit. However, the implementation of some of them was constantly delayed, while others proved to be of limited efficacy. This was the issue until Ethereum’s Istanbul hard fork was implemented in December 2019, which gave hope […]

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XRP Price May Be Headed for $0.30 With Bitcoin Making Higher Highs

XRP price has rebounded since the March crash and looks to tackle key resistance in an attempt to reclaim the $0.30 level. Recently, altcoins have been showing strength as Bitcoin (BTC) has just broken a key resistance level. Notably, ChainLink (LINK) and Tezos (XTZ) have been moving up more than 150% in the past month. However, in the recent week, Stellar Lumens (XLM) have been surging upwards, while XRP price is also starting to look stronger on the charts. Can we expect substantial altcoin movements in the […]

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Institutional Investment Builds in Q1 2020, Sentiment Toward Crypto Funds Changing

As Grayscale reveals it holds 1.7% of all Bitcoin in circulation, institutional investors seem to be gaining more confidence in Bitcoin. A recent report by Grayscale, a cryptocurrency venture capital company, revealed the firm now holds roughly 1.7% of all of Bitcoin’s supply in its Bitcoin Trust (GBTC). Having seen the biggest quarter yet, Grayscale’s share of Bitcoin increased by 0.1% in 2020 despite current market uncertainties brought about by the COVID-19 pandemic. Rayhaneh Sharif-Askary, Grayscale’s head of investor relations, told Cointelegraph that “the majority of capital […]

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Vinetree Corp CEO: Gamers Won’t Be Able to Imagine Gaming World Without Blockchain

Cointelegraph talked to the CEO of Vinetree Corp about using blockchains in the video gaming space and Vinetree’s vision of the future. Cointelegraph spoke with Josua Kim, CEO of Vinetree Corp. — the company behind GameTalkTalk DApp on the blockchain-based Lutena Protocol. Mr. Kim spoke about blockchain applications in the video gaming space, and Vinetree’s vision of the industry’s future. In search of better ways to match games with potential users Kim believes that game companies are going to find it more and more difficult to effectively […]

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