Financial Industry News
Participants of the Cardano Incentivized Testnet (ITN) were expecting to receive reward payouts on August 3. A Shelley rollout plan had scheduled the payout days after the Shelley hard fork, on July 29th. While the Shelley mainnet launched without a fuss, the ITN rewards date came and went with no sign of a payout. Source: […]
Continue ReadingBitcoin has gained steam over recent weeks, hitting $12,200 last weekend as buyers rushed in. Analysts say that the cryptocurrency market has room to move higher due to technicals. But from a fundamental standpoint, some argue that BTC is more bullish than ever before. Raoul Pal, the CEO of Real Vision and a Wall Street […]
Continue ReadingThe fast-growing realm of decentralized finance, known as DeFi, has produced some of the year’s richest returns for cryptocurrency investors, from Compound’s COMP tokens to Chainlink’s LINK. So it may come as little surprise that the Kyber Network’s KNC token has jumped eight-fold in price this year, giving it the largest market capitalization among decentralized exchanges […]
Continue ReadingLEND price surged another 20 percent on a 24-hour adjusted timeframe. The extended upside move brought the DeFi token closer to its all-time high of $0.485. Jeff Dorman, the chief investment officer at Arca, credited the LEND economic model behind its 2,000 percent rally this year. The price of LEND jumped another 20 percent in […]
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Continue ReadingNorth Korea-based cybercriminals are suspected to be using untraceable alternative cryptocurrencies, or altcoins, to convert stolen funds into cash. According to an NK News report, an unpublished United Nations Panel of Experts report states that North Korea-backed hackers have stolen approximately $1.5 billion in cryptocurrencies and they were converting a portion of that amount into […]
Continue ReadingXRP has been one of the best performing cryptocurrencies of the past two weeks. According to market data from Coin Market Cap, the altcoin has gained literally 50% in that time frame. Analysts still expect the altcoin to move higher in the days and weeks ahead. Related Reading: Crypto Tidbits: Ethereum Surges 20%, US Banks Can […]
Continue ReadingXRP has gained approximately 50% in the past two weeks alone. The asset now trades at $0.32 as of this article’s writing, reaching highs not seen since earlier this year. Analysts are not convinced that the altcoin continues to press higher despite the price action. One trader says that XRP has the potential to drop […]
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Continue ReadingThe United States’ failure to agree on Coronavirus stimulus shows that the dollar is “funny money” and endorses Bitcoin (BTC), says Cameron Winklevoss. In a tweet on Aug. 6, the Gemini exchange co-founder delivered a damning appraisal of the lack of progress in Washington to deliver more financial aid. A “wake-up call and endorsement of […]
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