CRYPTO NEWS

Yuge Money | A Multi-token and Multi-profit Generation Platform for All

Yuge Money and TRUMP have started weaving a new fabric from the same crypto cloth, but this new piece is nothing less than a revolution. To put in simple words, Yuge Money and TRUMP have become the first and foremost, gambling token based on elections. It is quite intriguing to come across a community-driven token system that has three tokens running on the same ecosystem simultaneously. Furthermore, the reward generation from the entire ecosystem is also different from all the other systems that are present today. Providing liquidity garners a…

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SBTC Plummets by 99% as Devs Announce Dissolution of Token

The price of SBTC plunged by nearly 98% in just over an hour on September 21 as devs announced the dissolution of the token. The dissolution announcement came more than a month after the token reached an all-time high of $5.07. At the time of writing, the token was quoted at $0.007 down from $0.64. In a short announcement issued via a Discord group, the SBTC team said they are no longer proceeding with the project while thanking those that stuck with the project until the end. According to information…

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Beam Releases DeFi Roadmap

Press Release: Wednesday, September 23rd, 2020, 8:00 GMT | Source: Beam Since launching on January 3rd 2019, Beam has encouraged its community to consult towards Beam technological evolution. Today, 23rd September 2020, Beam have published their updated roadmap and is set to lead confidential decentralized finance with a range of exciting additions to its product family. A draft roadmap has already had extensive public consultations from the Beam community and today, the updated roadmap has been published. Confidential DeFi Track Work to combine two different architectural approaches, Scriptless Scripts and…

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Yield-Farming.IO – A One-Stop Platform Offering Easy Access to Different Liquidity Pool Pairs

Decentralized Finance (DeFi) is one of the most rapidly growing sectors within the crypto space. DeFi is basically a decentralized banking process where cryptocurrency tokens work as money using what we call as decentralized applications (DApps) or smart contracts. Recently, “Yield-Farming” has been the major buzzword in the entire crypto space and has caught the attention of investors. Yield-Farming is the process wherein the investors can lend their yield-farming cryptocurrency tokens and earn more crypto in the form of interest rewards. Another popular name for yield-farming is liquidity-mining since the…

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Star Girl’s one million active users go with the Flow blockchain

After inking deals to bring third-party games and stablecoins onto the Flow blockchain, Dapper Labs has announced two related sales for the FLOW token. Dapper Labs is continuing to expand partnerships with third-parties for its Flow blockchain, with Animoca Labs set to launch two crypto-powered games on Flow. On September 22, blockchain gaming firm Animoca Brands announced that its MotoGP and Star Girl games will launch on the Flow blockchain early next year. Animoca is an investor in Dapper Labs. The Star Girl series consists of multiple free-to-play mobile games…

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Booming African crypto adoption drives concerns over regulation

African crypto adoption has exploded in 2020, prompting fears of a heavy-handed regulatory response 2020 has seen an acceleration in African crypto adoption, with the continent emerging as the second-largest region for peer-to-peer (P2P) trading, and two African nations ranking in the top eight of the Chainalysis crypto adoption index. However, the booming growth has caught the attention of Africa’s financial regulators, sparking concerns that a rush to introduce heavy-handed oversight could quell innovation in the local crypto industry. Nigeria has led the continent’s growth in 2020, posting weekly P2P…

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Bitcoin FUD and negative social sentiment typically precede a bounce

Social media sentiment for Bitcoin has slumped to two year lows which is good for those wanting to go against the crowd. On-chain analytics provider Santiment asserts that Bitcoin and crypto assets tend to bounce when social sentiment indicates there is a lot of fear, uncertainty and doubt, which suggests that now is a buying opportunity. According to its Bitcoin weighted social sentiment against price chart, this is exactly what is currently going on. Since its weekend lows, Bitcoin prices have recovered around 2.4% to current levels. https://t.co/bFKcBHUDY4 1) Prices…

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Tokenized BTC Crosses $1B Notional: Ethereum Cements Role as Bitcoin’s Main Sidechain

Years ago when the Bitcoin network started suffering from higher fees and congestion, a number of bitcoiners advocated the use of sidechains in order to relieve the main chain’s duties. However, they didn’t realize that the Ethereum network would solidify its role as Bitcoin’s main sidechain during the last year. Five years ago, bitcoiners relentlessly argued over scaling the Bitcoin (BTC) blockchain and a number of proponents said that sidechains and offchain solutions would help. Moreover, a number of solutions like Blockstream’s Liquid and the RSK network launched. Many supporters…

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RockX launches $20 million investment program for the Polkadot ecosystem

The Polkadot ecosystem is set to get a $20m boost from RockX Digital asset development company RockX has launched a $20 million investment program to support the Polkadot (DOT) ecosystem over the next five years. The funding, capped at a maximum of $500,000 worth of DOT tokens per project, will be provided alongside technical support from the team’s developers. In return, the firm will receive tokens or equity from supported projects. RockX, which currently runs a node for Polkadot, Cosmos, Solana, Oasis, and Terra, was co-founded by Alex Lam, who…

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On-Chain Data Shows This Is a Bitcoin Price Dip to Buy: Executive

Bitcoin has undergone a strong drop over recent days as legacy markets have been dragged lower. The cryptocurrency fell from its $11,200 local highs to lows at $10,200, marking a drop of nearly 10%. The coin now trades at $10,400 as of this article’s writing, only marginally above the aforementioned lows. Bitcoin is under the pivotal $10,500-10,600 support level despite the recovery, leaving some bearish. Not everyone thinks that this is it for Bitcoin’s bull trend, though. On-chain data shows that this may be a crypto market dip to be…

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