It’s only been two years since its founding, but decentralized exchange (DEX) protocol 1inch Network has already surpassed $85.8 billion in cumulative trading volume. At a May 2019 hackathon in New York City, 1inch co-founders Anton Bukov and Sergej Kunz developed a prototype DEX aggregator that became the basis of the network. DEX aggregators are platforms
The number of Ethereum addresses holding 32 or more Ether (ETH) reached a one-month low on Nov. 9. The number of Externally Owned Ethereum Addresses (EOA) fell to 108,949 compared to 108,965 on Oct. 22, according to data from Glassnode, a sign that traders and investors ignored the prospects of becoming validators on its upcoming proof-of-stake blockchain,
This week a number of contenders are set to participate in Polkadot’s first parachain auctions and this process tends to place buy pressure on DOT, while also giving aspiring blockchain projects a chance to show why they offer the most competitive solutions to the different demands that exist in the crypto sector. The ongoing Polkadot
Bitcoin (BTC) fell $1,400 in half an hour during Nov. 9 after a snap sell-off hit Tesla ($TSLA) stock. Tesla falls 12%, Bitcoin 2% Data from Cointelegraph Markets Pro and TradingView showed BTC/USD fall in line with TSLA shortly after the Wall St. open. The pair hit $66,650 before bouncing to linger at around $67,000 at
Altseason rumors are on the rise on Nov. 9 as altcoins capitalize on Bitcoin’s move to a new all-time high and the ensuing consolidation that tends to occur after (BTC) pulls back to retest underlying support levels. As is often the case when Bitcoin has pullbacks during a bull market, some of the outflows find their
The Bank of England and the U.K. finance ministry are planning to launch a consultation on the possible rollout of a central bank digital currency starting in 2022. In a Nov. 9 statement, the Bank of England said the digital pound consultation with HM Treasury would consider design features, benefits and implications for users and
Ripple was the first company to leverage crypto to tackle the trillion-dollar challenges associated with cross-border payments. Many companies have entered this space to address the pitfalls that businesses and consumers alike experience when interacting with our current financial system, but without addressing the underlying infrastructure that this system was built on – financial institutions,
The Indian government is reportedly trying to “fast track” a modified cryptocurrency bill to be introduced in the winter session of parliament. India’s crypto legislation is expected to take a “middle path” approach to balance all stakeholders’ concerns. India Reportedly Modifying Crypto Bill to Introduce at the Start of Winter Session of Parliament India is
Bitcoin (BTC) could nail the now-popular $98,000 price target — but it could end up being the cycle top, new research argues. In its “October 2021 Market Recap & Outlook,” major United States exchange Kraken said that Bitcoin should reach around $96,000 if this quarter copies the last bull run. Copycat Bitcoin may top out
Bitcoin (BTC) is clinging to $68,000 on Nov. 9 after traders declared it “clear for take-off” and ready to begin further price discovery. Bitcoin approaches “Great Wall of Finex” Data from Cointelegraph Markets Pro and TradingView has tracked a second night of impressive gains in a row for BTC/USD. The pair spent most of Sunday at
Jules Urbach, the CEO and founder of OTOY, wants to democratize content creation, specifically as it pertains to virtual assets. OTOY’s technology intends to fulfill the promise of an open cloud-based metaverse via the Render Network — the first decentralized GPU rendering network & 3D marketplace built on OTOY’s OctaneRender NFT ecosystem. While at the
Instant messaging platform Discord may soon launch support for MetaMask and WalletConnect integrations as evidenced by a pre-release screenshot shared by the platform’s CEO, Jason Citron. However, a portion of the Discord community raised concerns about the update while threatening to cancel its Nitro subscriptions. Citron’s announcement of the upcoming Ethereum blockchain integration came as a
On Tuesday, the governor of Russia’s Central Bank, Elvira Nabiullina, said that the country will have a prototype of its digital rouble platform ready by early 2022 and will roll it out for trial use next year before making a final decision on whether or not to release its own digital currency, according to a
XRP holders went on the offense, proving once more the level of organization displayed by this community. According to a Class Action Complaint filed on September 16th, 2021, several XRP investors accused tech giant Apple of allowing bad actors to steal their assets and information. The action was filed by Hadona Diep, a cyber security
Litecoin (LTC) has posted daily gains of almost 20% on Nov. 9, the highest levels for LTC/USD since May 2021, amid a wider cryptocurrency market rally that analysts attribute to inflation fears. #Bitcoin, #Ether hit records, exceeding Oct high, amid broad rally in cryptocurrencies. Low real yields, need for inflation hedges are shaping markets. pic.twitter.com/xN0Athssng —
Bitfarms, the Canada-based Bitcoin mining unicorn, has at last revealed details about its activities in Argentina. The company says that the Bitcoin mega mining farm, whose construction started last month, will be built in the province of Cordoba, in association with a private power plant. Bitfarms will purchase the energy directly from this private power