ChainLink (LINK) Finds Strong Support at the 50-Day Moving Average 14
Quick take: ChainLink’s free fall has been abated by the 50-day moving average Traders are still selling their LINK but a bounce could be in the making with the weekend only hours away Corrections such as LINK’s are normal and healthy LINK’s price is still within an acceptable range of...
Zilliqa (ZIL) Sets its Eyes on DeFi 19
Quick take: The team at Zilliqa (ZIL) has hinted that the project will soon venture into DeFi This includes gZIL farming and ZILSwap to be launched soon Furthermore, Zilliqa could possibly host another decentralized exchange The DeFi industry is expanding at warp speed and the team at Zilliqa (ZIL) has...
Ethereum (ETH) Miners are Earning $800k Per Hr, Up from $500k 20
In brief: Ethereum miners are earning an average of $800,000 per hour This value is up from yesterday’s peak of $500,000 High Ethereum network activity due to DeFi has led to a steady increment in ETH gas cost In the last 24 hours, Ethereum miners have earned an average of...
Bitcoin (BTC) is Stuck in the Mud - Dave Portnoy 21
Quick take: Dave Portnoy has urged crypto traders to get into the stock markets while it is still profitable to do so He adds that Bitcoin is stuck in the mud as seen with BTC’s earlier drop to $11,100 levels Portnoy advises crypto traders that they can always get back...
WBTC Supply More than Doubled in August Thanks to DeFi 24
Quick take: The popularity of DeFi has led to Wrapped Bitcoin’s supply more than doubling in the month of August WBTC is an ERC20 token pegged to the price of Bitcoin It gives Bitcoin the flexibility needed for smart contracts and uses in DApps WBTC’s popularity has led to Binance...
Bitmex Launches its Highly Anticipated Mobile App 25
Quick take: Bitmex has finally launched a mobile app Bitmex had long been without a mobile app and users had requested it for quite some time The mobile app will provide users with a full range of innovative products It is currently available on the Google Play Store and Apple...
OKEx, Bitrue Become Hybrid Exchanges Offering CeFi and DeFi 26
Quick summary: Both OKEx and Bitrue have announced that they will become hybrid exchanges This means they will be offering their regular centralized finance services as well as DeFi DeFi is definitely the future of the blockchain and crypto industries Late last week, the two exchanges of Bitrue and OKEx...
Everyone Wants to Connect to Ethereum (ETH) - Weiss 27
Quick take: The team at Weiss Ratings believes that every crypto project wants to connect to Ethereum Their conclusion is based on the Flare Network building a new two-way bridge connecting XRP and ETH Ethereum has continued on its path of being the de facto smart contract platform DeFI has...