CRYPTO NEWS

Binance Smart Chain is not an Ethereum Replacement or Killer – CZ

Quick take: CZ has clarified once again that the Binance Smart Chain is not a replacement or killer of Ethereum He believes ETH2.0 will be awesome when launched and BSC is more like ETH1.8  Transactions on the Binance Smart Chain are 100% backward compatible, faster and have lower fees when compared to Ethereum According to DappRadar, the transaction volume of Binance Smart Chain has risen to $853 million since its official launch in August Binance CEO, Changpeng Zhao, has once again clarified that the Binance Smart Chain (BSC) was not…

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Celsius Network Integrates 35 ChainLink (LINK) Price Feeds

Summary: Celsius Network has integrated 35 Chainlink price feeds ChainLink’s price oracles will be used to provide real-time reliable data for DeFi products on the Celsius Network ChainLink has also launched its ZRX/ETH price feed to further boost the DeFi industry Coinfirm is also using ChainLink oracles for its AML processes The adoption of the ChainLink (LINK) network to power DeFi platforms continues to expand at an impressive rate. Earlier today, the team at ChainLink announced that the Celsius Network has integrated 35 of its price feeds to provide accurate…

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Bitfinex Whales That Marked the August Highs Suggest Bitcoin to Top

Bitcoin has undergone a strong drop since the highs yesterday. Order book trends indicate that the coin may proceed its reversal in the weeks ahead. Analyst Cole Garner shared a chart showing Bitcoin’s recent price action, along with the order book data from Bitfinex. This data suggests that the cryptocurrency is likely reaching a trend high and may see a reversal as it did at the end of August and the start of September. Bitcoin Could Soon Top, Order Book Trends Show Bitcoin has undergone a strong drop since the…

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MicroStrategy CEO: I Personally Hodl 17,732 Bitcoin (BTC)

Summary: MicroStrategy CEO, Michael Saylor, has declared that he personally owns 17,732 Bitcoin His revelation comes after queries about how much Bitcoin he owns Mr. Saylor explained that he bought the Bitcoins at an average entry price of $9,882 He declared his holdings to MicroStrategy before it bought its stash of 38,250 BTC The company is reportedly preparing to buy more Bitcoin The CEO of MicroStrategy, Michael Saylor, has revealed via Twitter, the amount of Bitcoin (BTC) that he owns. According to Mr. Saylor, he owns 17,732 Bitcoins that he…

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Ethereum (ETH) and Altcoins Could Benefit from a Bitcoin Correction

Summary: Bitcoin has corrected hard to $13k after setting a 2020 peak of $13,858 Bitcoin dropping hard could signal the end of its bullishness at least in 2020 If history is to go by, Bitcoin correcting might provide some room for  Ethereum and altcoins to thrive as witnessed in the 2017/2018 bull market season Bitcoin (BTC) has once again proven why it is the King of Crypto by hitting a 2020 high of $13,858 – Binance rate – earlier today. However, Bitcoin’s move closer to the intended target of $14k…

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Report: 55% of US Investors Show Interest in Bitcoin Investment, Covid-19 Catalyst to Changing Preferences

A recent survey study reveals that more than half of U.S. investors (55%) have an interest in investing in bitcoin, a figure which is 19 percentage points higher than that of last year. This translates to a potential U.S. market of nearly 32 million bitcoin investor households. According to the study’s findings, this increase reflects the impact of the Covid-19 pandemic on attitudes and perspectives around the digital currency. Covid-19 Spurs Bitcoin Interest Jointly conducted by Grayscale Investments and 8 Acre Perspective, the study details the extent of the pandemic’s…

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Mempool Clog: Bitcoin Hashrate Drops 40%, Backlog Shows Over 100K Unconfirmed Transactions

The Bitcoin network hashrate has dropped significantly over the last four days sliding from a high of 161 exahash per second (EH/s) to 90 EH/s on October 27. Today, the Bitcoin hashrate has improved a hair as the network’s security is currently hovering around 100 EH/s. However, the mempool log of unconfirmed transactions has spiked to levels not seen since the 2017 highs. On Wednesday, October 28, 2020, the Bitcoin (BTC) hashrate is trying to regain what was lost during the last four days. According to statistics, since the October…

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DeFi needs more fixed-rate lending protocols: Messari researcher

Researcher argues that fixed rate lending and borrowing would bring DeFi closer to traditional finance DeFi lending protocols have attracted billions of dollars in liquidity provision by offering huge returns, however the sector badly needs more fixed rate lending options according to one researcher. A number of protocols, including Yield Protocol, UMA Protocol, and Mainframe are already venturing into fixed rate lending and borrowing markets for crypto collateral. According to Messari researcher Jack Purdy fixed rates provide certainty for lenders and borrowers looking to accurately forecast their costs and returns…

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Bitcoin’s Ongoing Surge is Its “Most Important Breakout” Ever: Analyst

Bitcoin has surged higher once again as buyers continue to rush in. The coin just hit a new year-to-date high of $13,650. The cryptocurrency is expected to move higher as Bitcoin has moved above a pivotal technical pattern on a macro scale. It also brings the cryptocurrency above the $12,000 resistance. Bitcoin Undergoes Pivotal Breakout Bitcoin has surged higher once again as buyers continue to rush in. The leading cryptocurrency has just hit a new year-to-date high at $13,650, a price just under 5% higher than it was 24 hours…

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Bitcoin Analyst: BTC Will Challenge $20k if it Rises Above $14k

Quick take: Veteran Bitcoin analyst, MagicPoopCannon, believes that once Bitcoin rises above $14k, it will challenge $20k next His analysis was a few hours before Bitcoin set a 2020 peak of $13,498 – Binance rate Bitcoin is currently ranging between $13,300 and $13,400 and is only a few hundred dollars away from $14k Bitcoin might go for the home-run above $20k before the year is over Veteran Bitcoin analyst, MagicPoopCannon, has provided a brief analysis of Bitcoin’s current push above $13k. According to Magic, if Bitcoin retests $14k and claims…

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