The collective cryptocurrency market cap rose to $348 billion as Bitcoin‘s dominance declined by 55.8%. As Bitcoin continued to consolidate between a tighter range, several altcoins appeared to be pushing above key resistance levels. Polkadot [DOT] A couple of weeks ago, the blockchain interoperability project Polkadot was not even in the top 100. But today, […]
Algorand Becomes Official Chain For USDC After Stablecoin’s Launch On Mainnet
Goldman Sachs-backed global fintech firm Circle announced the launch of its stablecoin USDC on Algorand’s mainnet. In collaboration with the Centre Consortium, the platform announced that Algorand is now an official blockchain for USDC. Following this development, Algorand becomes the second major blockchain to have the two most popular stablecoins- Tether [USDT] and Circle’s USD-pegged […]
Singaporean Man Pleads Guilty To High-Profile Bitcoin Theft Case; Victim Cheated of $365K
Cryptocurrency-related theft and robbery have risen significantly over the past couple of years. Yet another similar case unfolded as Syed Mokhtar Syed Yusope, 39, co-conspirator in a huge robbery case involving Bitcoin trading in 2018, pleaded guilty to the Singapore District Court on 10 September. In a high-profile theft case, Syed Yusope along with two […]
Tether [USDT] Becomes The First Stablecoin To Launch In Solana Blockchain
Stablecoin issuer Tether Limited has announced the launch of the world’s most commonly used USDT stablecoin on Solana, which happens to be a layer-1 Proof-of-Stake[PoS] blockchain after a new technical integration with the Solana Foundation. Tether also claimed that the latest collaboration would allow institutions to trade USDT at Nasdaq Speeds. Tether’s official blog post […]
Bitcoin Mainnet Sees First-Ever DLC Smart Contract Deployment
Nicholas Dorier, who happens to be a developer at BTCPay has made a bet via a DLC or Discreet Log Contract with Christopher Stewart, the Founder of Suredbits with Outcome Observer acting as a third-party oracle. Considering the fact that 2020 has been an extremely political year, the bet is over who will win the […]
Bangladesh’s First Blockchain-Powered Remittance Service Is Here
The British multinational banking and financial services company, Standard Chartered in partnership with Bangladesh’s largest mobile financial service provider, bKash, and Malaysian remittance provider Valyou announced the launch of the first-ever blockchain-driven cross-border remittance service in the country, facilitating instant transfers from Malaysia. Naser Ezaz Bijoy, CEO of Standard Chartered Bank, Bangladesh reportedly asserted that […]
Slovakian Cryptocurrency Exchange Hacked; $5.4 Million Worth Assets Stolen
Hacks and security breaches happen on an almost daily basis. Cryptocurrency exchange hacks, in particular, are even more damaging since space is already seen with hostility across several jurisdictions despite its increasing popularity. While cryptocurrencies such as Bitcoin, Ethereum are themselves secure, it’s the exchanges that fall prey in the hands of malicious actors constantly […]
Chainlink, EOS, Tezos Technical Analysis on 9th September 2020
The subsequent market corrections have helped investors to make a foray at lower levels that were left out during the rally in mid-August. At the time of writing, the collective market cap stood at $324 billion. As the market sustained another pullback, Bitcoin’s price dropped to $10,097. Following the suit were several altcoins that mimicked […]
DeFi Mania Eclipses Bitcoin’s Sidechain Liquid as Latter’s Figure Stagnates
Despite being the undisputed leader of the cryptocurrency realm, Bitcoin blockchain has been riddled with scalability issues. Due to this, many implementations have been tried and tested to make the network more efficient. One such is Blockstream’s sidechain-based settlement network, Liquid’ which is essentially a second layer solution for traders and exchanges, that enables faster, […]
Crypto Derivatives Volume Soar to Fresh ATH in August; Catalyzed by Bitcoin’s Rally Above $12,000
While the lack of positive jurisdiction may have driven the cryptocurrency industry into a gray area, but the derivatives sector has come to the rescue. It has undoubtedly driven a new cycle of crypto adoption. The crypto industry has seen developments on various fronts and thanks to the foray of many institutional investors, space has […]