Monthly Archives: February 2021

Monster bull flag for Yearn.finance puts $200,000 YFI price in play

After weeks of aggressive selling, YFI looks primed for a move to $60,000 before Bitcoin. Bitcoin (BTC) bears looked on in disbelief as BTC price rallied to over $57,800 on Feb. 21, sparking a major altcoin rally. It seems bull flags are being printed one after the other on coins like Polkadot and Cardano, which are playing out predictably.  However, one coin that is not getting the limelight it deserves right now is Yearn.finance (YFI), and at present, it looks like a period of aggressive selling could […]

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The staking race: Late entrant Ethereum lags behind rivals with Eth2

The second-biggest cryptocurrency is only the fourth-ranked staking network, but it’s looking to catch up to the rest. Despite epic price rises since the start of the year and the fact that it’s the second-biggest cryptocurrency by total market capitalization, Eth2 lags behind competitors in the staking rankings. So, why isn’t Ether (ETH) the number one staking cryptocurrency? A brief history of proof-of-stake Back in 2012, Peercoin developers Sunny King and Scott Nadal proposed a PoS proposal as part of a hybrid consensus model. In 2013, the […]

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A Bitcoin price dip for ants? BTC quickly rebounds to a new high above $57K

The price of Bitcoin achieved a new all-time high above $57,800 after a brief overnight correction. The price of Bitcoin (BTC) dipped to as low as $53,905 on Binance overnight, recording a sudden 6% drop. But despite the minor correction, the price of Bitcoin quickly recovered thereafter, reaching a new all-time high above $57,800 on Feb. 21. BTC/USDT 4-hour price chart (Binance). Source: TradingView.com Why did Bitcoin drop and recover so quickly? Although Bitcoin saw a steep drop within merely hours, analysts pinpointed that it fell to the […]

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Z-Enemy 2.6.3 Beta Nvidia GPU Miner for KAWPOW Mining of Ravencoin (RVN)

Last year Ravencoin (RVN) has successfully hardforked and switched to KAWPOW as a mining algorithm from the previously used X16Rv2 algo. The latest Z-Enemy 2.6.3 Beta version that was recently made available is an important update for everyone that has Nvidia GeForce RTX 30 Series of GPUs and uses them for crypto mining. This is a TEST BUILD of the software that adds support for Nvidia RTX 30×0 video cards with CUDA 11.1 and drivers ver. 456.81 or later. It is intended for RTX 3060 Ti, RTX […]

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Blockchain tech will bridge the gap between DApps and enterprises

It is crucial that traditional enterprises join the decentralized ecosystem to bring added security and legitimacy to the industry. Blockchain technology is revolutionizing the way we interact, transact and share information, with many experts predicting it will be the most disruptive technology in the next decade. After little structural innovation since the 19th and 20th centuries, decentralization has brought industries such as finance, media and technology closer to transparency, freedom from intermediaries and heightened efficiency. Traditional enterprises rely on a centralized closed-door structure. In contrast, decentralized finance […]

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Chinese Tea Retailer Joins the Crypto Mining Industry After Hiring Two Roles to Lead Its ‘Bitcoin Business Plan’

A Chinese tea retailer is looking to make its inception into the bitcoin mining business. Publicly-listed Urban Tea announced the expansion of its operations by appointing two executives to pursue its crypto plans. Urban Tea Praises Cryptocurrencies’ Widespread Popularity Per the announcement, Urban Tea Inc. hired Fengdan Zhou as the company’s new chief operating officer and Dr. Yunfei Song as an independent director. The tea retailer expects the new roles to lead the “company’s critical strategic expansion in blockchain and cryptocurrency mining.” Zhou will look forward to […]

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Elon Musk Says Holding Bitcoin Is Less Dumb Than Cash, Disputes Peter Schiff’s Claims About Money and BTC

Tesla and Spacex CEO Elon Musk has clarified his position on bitcoin. Emphasizing that he is an engineer, not an investor, Musk says that bitcoin “is simply a less dumb form of liquidity than cash.” Musk also disputed gold bug Peter Schiff’s claims about bitcoin and commented on the price of the cryptocurrency. What Elon Musk Thinks About Bitcoin The CEO of cryptocurrency exchange Binance, Changpeng Zhao, was interviewed by Bloomberg Thursday after the demand for dogecoin on his exchange soared. He commented on Elon Musk’s enthusiasm […]

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Exchange tokens benefit as centralized exchanges battle with DeFi platforms

Exchange tokens catch a boost as governance and high yields attract fresh inflows and CeFi begins to merge with DeFi. Fresh institutional and retail investor inflows into the cryptocurrency market have led to bull market conditions for many top tokens from blue-chips like Bitcoin (BTC) and Ether (ETH) to more recently established DeFi projects like AAVE and Synthetix (SNX). Exchange tokens are another easily overlooked sub-sector of the market but they have been performing exceptionally well in 2021 as increases in trading volumes results in a larger […]

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Day Trader Dave Portnoy Disturbed by Bitcoin Price — Vows to Never Buy BTC Again

Day trader Dave Portnoy has admitted that he is an idiot when it comes to bitcoin after the price of the cryptocurrency continually hit all-time highs. He panic-sold his bitcoins when its price was just around $11,000 and has now vowed to never buy the cryptocurrency again. Dave Portnoy Regrets Panic-Selling Bitcoin at $11K American day trader and founder of Barstool Sports blog Dave Portnoy admitted Thursday that he is an idiot when it comes to bitcoin and said that he will never buy the cryptocurrency again. […]

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Decentraland celebrates 1 year anniversary with virtual party

The virtual world is celebrating in style with “live” DJ sets and a new club reveal User-owned virtual world Decentraland is celebrating its one-year anniversary true to form with a virtual party open to all.  “Relive the past 12 months of events, competitions, exhibitions, gatherings and more with messages from the community and the results of the #DCLFilmClub promo video contest screened for all,” read the party’s announcement blog post. Attendees will receive a Proof Of Attendance Protocol NFT, and will get the first look at The […]

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