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Month: May 2020

cryptocurrency May 13, 2020

Advertisements Pantera Capital Founder explains how a Bitcoin maximalist bias led to the biggest mistake of his investor career. Dr. Steven Waterhouse, a founding partner of Pantera Capital, says that his biggest regret as a VC is not investing in the Ethereum (ETH) Initial Coin Offering (ICO), but he learned his lessons from his mistake. […]

cryptocurrency May 13, 2020

Like most altcoins, Ethereum registered a widely inconsistent 2020. After an initial rally towards the start of the year, a pullback was witnessed during the third week of February, following which, a Black Swan event almost toppled the world’s largest altcoin. Advertisements Bitcoin noted a similar dilemma as well, but the market has been resilient […]

cryptocurrency May 13, 2020

The cryptocurrency market has been tough on many of the market’s cryptos, largely owing to the constant fluctuation in prices. XRP has been one such coin whose price has been restricted under $0.20 since the market crash in March. However, its low trading price and low transaction fees have provided an alternative to many Ethereum […]

cryptocurrency May 13, 2020

Advertisements A single transaction today has created more Wrapped Bitcoin on the Ethereum network, than the total amount of BTC locked in the Lightning Network. One thousand Wrapped Bitcoin (WBTC) were minted today on the Ethereum network (ETH) —  a single transaction that represents more U.S dollar value than the entire Lightning Network. It brings […]

cryptocurrency May 12, 2020

DeFi leverages decentralized networks to transform old financial products into trustless and transparent protocols. The platform that supported Ethereum as collateral along with USDC and BAT recently added Wrapped Bitcoin (WBTC), an Ethereum-based token backed 1:1 by Bitcoin to its list of collateral types. Advertisements Even though ETH was one of its oldest collateral, ETH […]

cryptocurrency May 12, 2020

Advertisements A proposal to add a second fuel source for the Ethereum network has recently been submitted by a developer to run in parallel to its existing fuel, gas. The Ethereum network is due to undergo a raft of changes this year. The most eagerly awaited upgrade is the shift to proof-of-stake consensus under the […]

cryptocurrency May 12, 2020

Following Bitcoin’s lead, Ethereum prices dipped on 10 May by a whopping 14% in an hour. This took the value of the second-largest digital asset from $210.06 to $180.01. This sudden dip in the price of ether painted a bearish picture highlighted in its derivatives market. Advertisements Ethereum’s options market noted the 25-d skew reporting […]

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