Monthly Archives: August 2020

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

ETC quickly sidelines an interesting offer from Charles Hoskinson. 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 […]

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PSF Token Invokes the First Coin-Age Staking Protocol on Bitcoin Cash

During the last six months, the Simple Ledger Protocol has grown immensely and there’s been 9,604 SLP tokens created since the infrastructure launched. Just recently news.Bitcoin.com reported on mistcoin, the mineable SLP token that can be mined with a CPU. Now software developer Chris Troutner has invoked tokens called PSF, which are the first SLP tokens that leverage UTXO coin-age for staking on Bitcoin Cash. During the first week of July, news.Bitcoin.com reported on the Permissionless Software Foundation (PSF), an organization that aims to “foster the growth […]

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DeFi Tokens BAND, LINK, Outpace Bitcoin Price by Gaining 100% in 10 Days

Strong growth in the DeFi sector led Band Protocol (BAND) and Chainlink (LINK) to gain more than 100% over the past few weeks. This week Bitcoin (BTC) price is making waves as the digital asset finally pushed above the $12K mark, but prior to this move, altcoins have been strongly outpeforming BTC for weeks.  Two of the most notable performers are Band Protocol (BAND) and Chainlink (LINK) as both surged by 348% and 88% in the past ten days. Each functions as an oracle blockchain network that […]

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IOTA Revs Its Engines for Mainnet Upgrade Launch

Chrysalis is barely a week away from going live. The IOTA network is preparing to launch the first phase of Chrysalis, also known as IOTA 1.5, on its mainnet sometime next week. According to a tweet published by the IOTA Foundation, the upgrade will allow the network to process 1,000 transactions per second, and will institute 10-second confirmation times. In June, the foundation also released the latest version of its node software, Hornet. This paved the way for IOTA 1.5 following a community-driven stress test, which resulted […]

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Compound Gets Ready to Deploy Decentralized Oracle

Open Price Feed could be a big step forward for Compound. The Compound protocol is set to introduce Open Price Feed — a decentralized oracle whose crypto market prices will allow the project’s lending system to function. The Open Price Feed is currently being tested on a variety of networks. It has operated for almost two weeks on the Ethereum (ETH) Kovan and Ropsten testnet for almost two weeks, and its price feeds have been available for 10 days on mainnet. On Ropsten, a proposal to use […]

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Mobile Crypto Scam Targets Wealthy Indian Investors

Scammers are going to greater lengths than ever to acquire other people’s crypto. A new cryptocurrency scam in India is targeting wealthy individuals using a fake mobile app. According to India TV News, cybercriminals are targeting high income individuals across India. Victims receive messages through social media groups asking them to sell and buy Bitcoin through a mobile app. This app, which supposedly acts as a crypto exchange, is actually entirely fraudulent. Once a user’s Bitcoin is deposited on the fake exchange, the scammers stop responding to […]

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Crypto OG HempCoin Relisted by Bittrex After Year in the Wilderness

HempCoin Founder and CEO, Tim Renzetti, tells Cointelegraph about the token’s journey so far and plans for the future. HempCoin (THC), one of the first 30 cryptocurrencies ever created, has been relisted by cryptocurrency exchange Bittrex. Before being delisted in 2019, HempCoin was a top-100 token on CoinMarketCap, trading over $10 million a day. HempCoin founder and CEO Tim Renzetti spoke to Cointelegraph about the coin’s rejuvenation and his plans for future development of the platform. Renzetti first discovered crypto in 2013 and started the HempCoin blockchain […]

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Federal Reserve’s Expected Inflation Ramp-Up Drives Institutional Investors to Hedge With Bitcoin

The U.S. Federal Reserve is expected to ramp up inflation by keeping interest rates low. As the U.S. dollar falls sharply and gold’s price soars, institutional investors are moving their money into alternative investments, including bitcoin. Fed Policies Drive Demand for Bitcoin The Federal Reserve is completing a year-long policy review and “is expected to make a major commitment to ramping up inflation soon,” CNBC reported last week. Investors have been making heavy bets accordingly as evidenced by record-high gold prices, the falling U.S. dollar, and increased […]

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Bitcoin’s Hash Rate Remains Flat Despite Major Price Rally

Bitcoin’s hash rate seems to be feeling the consequences of the drama at Bitmain. Bitcoin (BTC) mining activity doesn’t seem to be reacting to the recent price rally that took the asset from approximately $9,000 in early July to almost $12,000 at time of publication. According to data from Coinmetrics, hashrate spiked around July 7 and has remained largely flat amid fluctuations to the downside.  Bitcoin Hashrate (green) vs. Difficulty (red), 7-day average. Source: Coinmetrics The hashrate represents the sum total of all miners attempting to find […]

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Price Analysis 8/10: BTC, ETH, XRP, BCH, LINK, BSV, LTC, ADA, BNB, CRO

Bitcoin price continues to decline at $12,000, but altcoins have taken advantage of the range bound action by rallying higher. Traders prefer to trade a trending market as it generally moves in one direction and the retracements offer low-risk entry opportunities. This is because a trade that follows the major trend carries a greater possibility of earning profits than one in a volatile market.  As several cryptocurrencies started a trending move in July, web traffic to the crypto exchanges also increased by 13%, according to data from […]

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