Category Archives: Crypto News

‘It’s Too Hard to Participate’: CWV Partner on China’s Blockchain Blueprint

Collaborating with the government is never easy. Back in July, the Beijing government released its first blockchain application blueprint concerning government services in China.  According to Neo Wang, managing partner at public blockchain CWV, this application fell far short for people interested in contributing to the initiative. He told Cointelegraph China that the bar for public chains to collaborate with government service blockchain applications was too high to overcome. Wang’s comments came during an interview during the Great Bay Area International Blockchain week on August 8. Wang […]

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Book Review – Decoding Digital: What is Cryptocurrency

Can learning an industry’s vocabulary help beginners gain a greater understanding of the industry itself? According to author Cahill Camden, “Decoding Digital: What is Cryptocurrencyâ€� was inspired by a conversation with his parents at the height of the crypto bubble in early 2018, which was along the lines of “Ok, we don’t have that much money, but we’ve heard about Bitcoin. Is cryptocurrency something we should invest in?â€� After searching for, and not finding, a book which would explain the things that they needed to know in […]

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What Chainlink’s Plasm Integration Means for Its Future as a Parachain

Chainlink’s integration domination continues. Plasm, a smart contract protocol built on Polkadot’s Substrate framework, has integrated Chainlink’s (LINK) price feeds. Interestingly, the oracle project itself will likely soon become a Polkadot parachain. Polkadot has a modular design wherein various parachains serve particular use cases. Its mainnet does not have smart contracts, but Plasm hopes to fill this void. Plasm CEO, Sota Watanabe, told Cointelegraph that they intend to use Chainlink’s data oracles for Plasm’s Lockdrop — a token distribution mechanism pioneered by Edgeware. In order to receive […]

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Hong Kong’s Greater Bay Area to Launch China’s Digital Yuan

China’s CBDC is on its way to Hong Kong. China’s digital yuan, also known as the digital currency electronic payment, or DCEP project, will be rolled out for testing at Hong Kong’s Greater Bay Area in the coming weeks, local news agency the Southern Daily reports on Aug. 12. The Greater Bay Area, or GBA, is a megapolis consisting of nine cities including Guangzhou, Shenzhen, as well as Hong Kong, and Macau. A major financial and tech hub in Asia, the GBA has a combined population of […]

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Network Effect at Risk? Why 50% of DAI Locked in Compound Is a Concern

New data shows more than 50% of DAI is locked in Compound and this raises concerns about DAI’s long term prospects. Data from blockchain intelligence firm Flipside Crypto show that 50% of DAI, Maker’s decentralized stablecoin, is now on Compound (COMP). While the figure seems a positive factor for COMP’s growth, it shows a concerning trend for DAI. Since June, the amount of DAI on the Compound Decentralized Finance (DeFi) protocol rapidly surged. As of August, nearly $800 million worth of DAI is on Compound. Total value […]

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Global Enterprises Embrace Public Blockchains as Technology Matures

More enterprises are using public blockchains as the space matures, but what does this mean for private blockchain adoption? Some of the billion-dollar businesses across the globe have been embracing blockchain technology to efficiently share sensitive data between multiple parties across a single network. While the concept is welcome, early adopters of blockchain technology have often found themselves lured toward private networks due to security concerns and a greater need for control.  Yet, as the blockchain space continues to mature, there has been a shift in the […]

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Is the Bitcoin Bull Market in Jeopardy After Failure to Break $12,000?

Bitcoin price is slowly recovering from yesterday’s $700 drop but is another shot at $12K expected in the short term? On August 11 the price of gold and silver showed some corrective movements, the same was seen in the cryptomarket. Bitcoin (BTC) dropped by $700 from $11,800 to $11,100 in one day, marking a short term correction.  However, is the overall bullish momentum gone from the crypto markets? Given the strong surges from Chainlink (LINK) and Tezos (XTZ) today, it seems that the bull market is still […]

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Worth The Talk? Weighing up DeFi Products with the Token Price Craze

Has the meteoric rise of DeFi tech been brewing behind the scenes for quite some time now, or is it just a fluke? It’s no secret that 2020 has been the year of decentralized finance when it comes to the crypto world. In this regard, a number of DeFi tokens have enjoyed value surges recently, leading many experts to believe that the future looks bright for this niche sector. Global DeFi markets are continuing to scale up to all-time highs in terms of total value locked, reaching […]

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Invest 3% in Bitcoin to Avoid COVID-19 Lockdown Devaluation — BitGo CEO

The U.S. has made a rod for its own back with lockdown, and institutional investors already know it, argues Mike Belshe. Coronavirus lockdowns will force people out of fiat currency and into gold and Bitcoin (BTC), the CEO of cryptocurrency asset manager BitGo has warned. In a series of tweets on Aug. 12, Mike Belshe strongly urged investors to divert a minimum of 3% of their portfolio into Bitcoin. Belshe: investors will move from cash to gold, Bitcoin As multiple jurisdictions around the world reenter compulsory lockdown […]

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Cointelegraph Launches Newsletter for Professional Investors

Cointelegraph Consulting now offers two newsletters per month containing crypto trading and investing intel. Every 1st and 15th, Cointelegraph Consulting provides the latest inside scoop on cryptocurrency price action and rationale in its Market Insights newsletter. Here’s a preview of one of this month’s editions.  Editor’s note Crypto asset prices have flown upward in recent weeks, with various altcoins posting gains reminiscent of the great 2017 digital asset bubble. Assets such as Chainlink (LINK) and Band Protocol (BAND) have tallied triple digits percentage gains.  Bitcoin (BTC), the […]

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