Ethereum Classic was 51% attacked for the second time in less than two years. The most recent hack, which happened over a two-day period starting July 31st, netted hackers an estimated $5.6 million. Since then, many have reached out to the Ethereum Classic team, including IOHK CEO Charles Hoskinson. Hoskinson left Ethereum in 2014 over…
DetailsDecentralized finance (defi) is escaping the Ethereum ecosystem that birthed it and permeating other crypto networks. From TRON to Polkadot and Cosmos to Tezos, smart contract chains are embracing the gospel of defi and the chance of redemption and relevancy it promises. Now, a group of developers from the Ardor community have gotten in on…
DetailsCryptocurrency derivatives trading exceeded $2 trillion in Q2 of 2020 alone – a 2.6% increase from the previous quarter, and a 165% increase from the previous year. According to the latest data from TokenInsight, new business strategies by emerging exchanges such as Bingbon, XBG, HBTC and Phemex could push that figure even higher in the…
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Stellar (XLM) has been consolidating in recent weeks, struggling to garner the momentum that many of its smaller counterparts have been seeing. It now appears that the cryptocurrency could be well-positioned to see an explosive uptrend in the coming few weeks, but in order for this to come to fruition, bulls must guard a crucial…
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Bitcoin kick-started the week by popping above $12,000 as the dollar dropped as the Asian market opened. This sudden rally reflects the cryptocurrency’s fresh appeal as a safe haven asset. Bitcoin has caught bids alongside gold in recent weeks as the greenback has sunk in a record-breaking losing streak. Within the cryptocurrency market however, Bitcoin…
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SXP, the native token of Swipe, a crypto-focused payment network, debit card, and mobile wallet service, jumped 25 percent in the last 24 hours. The gains followed a string of uplifting market news. Traders expressed their bullish convictions over Swipe’s new whitepaper launch, as well as the start of several new products. Their upside sentiment…
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Compound (COMP) has been embroiled in a strong uptrend over the past day as decentralized finance continues to gain steam. According to Coin Market Cap data, the cryptocurrency has gained 15% against the U.S. dollar in the past 24 hours. For context, both Bitcoin and Ethereum have both gained approximately 2.5% over that same time…
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Bitcoin bounced back sharply after testing the $11,500 support zone against the US Dollar. BTC is likely to accelerate higher above $12,000 as long as it is above the 100 hourly SMA. Bitcoin is trading well above the $11,800 and $11,500 support levels. The price is facing a couple of hurdles near the $12,000 and…
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Ripple is forming a strong support base above the $0.2800 level against the US Dollar. XRP price is showing positive signs and it seems like it could rally above the $0.3100 and $0.3200 levels. Ripple is rising again after forming a major support base above $0.2800 against the US dollar. The price is currently trading…
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Tezos (XTZ) has been one of the best-performing cryptocurrencies of the past few days. The cryptocurrency surged approximately 15% this weekend once it cracked the pivotal $3.40 resistance. XTZ now trades for $3.75 — up 7% in the past 24 hours. This is a performance better than that of Bitcoin and Ethereum, which are both…
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