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2021-10-03 17:00:52 Want to improve blockchain infrastructure? Work under layer-two solutions
The DeFi sector is not undergoing the dynamic shift toward layer-two adoption alone — NFTs are following suit.
There has been a lot of talk about how blockchain unlocks endless enterprise opportunities. And although all this buzz has not entirely translated to tangible results, the explosion of the decentralized finance and non fungible token (NFT) markets has laid down markers on what is achievable and how blockchain can truly impact even the most conservative industries.
Now the questions being asked revolve more around how best to utilize the technology for the best results. Therefore, blockchain has slowly evolved from a buzzword to mainstream adoptable technology. If this does not indicate real growth and development, then what does?

IMF recommends CBDC and global crypto standards for financial stability
The new policies recommended by the IMF aim to curb down the financial risks associated with global crypto adoption.
The International Monetary Fund (IMF) released a set of policies for the emerging markets and developing economies to ensure financial stability amid global crypto adoption. 
The IMF believes in the potential of crypto assets as a tool for faster and cheaper cross-border payments, citing the dramatic increase in the value of the crypto markets despite the bearish trends from May 2021. The report attributes high returns, transaction costs and speed and reduced Anti-Money Laundering (AML) standards as the primary drivers for crypto adoption. Open / Comment

2021-09-30 10:57:35 ​ Crypto is impossible to destroy, says Tesla CEO Elon Musk
The decentralized nature of cryptocurrencies may be a challenge for the Chinese government, Elon Musk suggested.
Tesla CEO Elon Musk has expressed support for crypto, calling it indestructible.
“It is not possible to, I think, destroy crypto, but it is possible for governments to slow down its advancement,” Musk said at the Code Conference in California.
According to the Tesla CEO, the decentralized nature of cryptocurrencies may be a challenge for the Chinese government, which announced a new war on crypto last Friday.

Ethereum will replace Bitcoin as the leading crypto network, claims Polygon co-founder
According to the Polygon co-founder, Etheruem will eventually prove superior even to Bitcoin because it has a higher number of use cases. Nailwal believes that if Bitcoin doesn’t expand its utility beyond the mere monetary system function, it may not survive in the long term as a layer-1 protocol.
“It may take 10 years from now, but I don’t see a world where multiple layer-1 protocols exist."

China's crypto holdouts: Bitcoin nodes and OTC desks struggle on
Despite Beijing’s ever-increasing crackdown on the crypto industry, there are still some signs of life in the People’s Republic regarding the Bitcoin network and OTC trading.
China intensified its clampdown on crypto last week in an effort to suppress any remaining activity related to digital assets within its borders. 
Despite the latest move, there are still 135 Bitcoin nodes in operation in China according to data from Bitrawr which measures nodes by geographical location. However, this is just 1.21% of the total 11,262 Bitcoin nodes spread across the planet. There may be more if they are operating behind virtual private networks (VPNs) and/or using onion routing with Tor which masks locations. Open / Comment

2021-09-27 11:15:04 ​BTC: 43 783,08 (+5,34%)
ETH: 3097,47 ( +10,91%)
XRP: 0,9630 (+6,54%)

Genesis tests end-of-day pricing for institutional crypto futures product
Genesis has introduced a trading method allowing institutional investors to trade Bitcoin futures contracts based on their end-of-day closing price.
Genesis has executed the first-ever over-the-counter (OTC) block trade of a Basis Trade at Index Close (BTIC) transaction using Bitcoin futures contracts issued b Chicago Mercantile Exchange. The trade was made in collaboration with derivatives market maker Akuna Capital according to a Sept. 26 announcement.
This is the first time a BTIC has been used for cryptocurrencies as it is more commonly used in equities markets. This form of trading allows investors to buy and sell futures contracts with prices based on the end-of-day close of the index.
Bitcoin could hit $37K but trader says BTC price top will be 'number you can't comprehend'
Major buyer interest below $40,000 may get filled before Bitcoin price action launches to new all-time highs and beyond.
Bitcoin sealed another $40,000 retest on Sept. 26 as the battle for the weekly close raged on. Open / Comment

2021-09-25 11:00:42 ​ China’s Bitcoin ban puts traders in the ‘fear’ zone
Bitcoin derivatives markets flipped neutral-to-bearish after China’s ‘crypto ban’ announcement triggered a BTC price dip to $40,600.
On Sept. 24, the People’s Bank of China (PBoC) published a new set of measures to promote inter-departmental coordination on cracking down on crypto activity. 
 The measures intended to “cut off payment channels, dispose of relevant websites and mobile applications in accordance with the law.”

Cross-chain bridge equipped altcoins rally higher despite China’s crypto ban
REN, CELR and CVC ignore the market’s reaction to China’s new crypto ban by posting double-digit gains.
The bullish momentum that had been growing across the cryptocurrency ecosystem over the past few days came to a screeching halt on Sept. 24 as news that China had banned cryptocurrency transactions  made the rounds on social media and initiated an abrupt fall in the price of Bitcoin from $45,000 to $42,000. 
After the initial knee-jerk reaction and a brief period of time for the market to digest the news, traders jumped back in to buy the dips on several altcoins, which helped some of the losses seen earlier in the day. Open / Comment

2021-09-23 12:01:06 ​ Bitcoin.org goes offline after suffering scam attack
Bitcoin.org previously fell victim to a DDoS attack in July, with hackers demanding a Bitcoin ransom.
Bitcoin.org, one of the first websites about Bitcoin, has been hacked by online scammers and down as of the time of writing. 
Prior to Bitcoin.org going offline, users reported that Bitcoin.org was showing a classic fake giveaway announcement, with scammers reportedly managing to collect about $17,000 to their addresses.

Crypto markets soar after Fed commits to printing and Evergrande plans to pay its debt
The crypto market staged a roaring comeback after Evergrande makes a deal to pay its debts and the Fed signals a continuation of its current monetary policy.
The cryptocurrency ecosystem is showing signs of a recovery on Sept. 22 following a 48-hour corrective stint which saw Bitcoin and altcoins sell-off to their swing lows.
Data from Cointelegraph Markets Pro and TradingView shows that since reaching a low of $39,572 on the evening hours of Sept. 21, Bitcoin price rebounded by 11.3% to an intraday high at $44,021 and the asset trades near $43,400 at the time of writing.

BTC/USDT 4-hour chart. Source:TradingView Open / Comment

2021-09-21 13:35:33 ​BTC: 43 088.82 (-4.42%)
ETH: 3043.72 ( -3.81%)
XRP: 09423 (-2.81%)

Binance to cease crypto futures and options in Australia
Binance users in Australia have 90 days to close their positions for futures, options and leveraged tokens.
Existing Binance users in Australia will have 90 days to reduce and close their positions for products like cryptocurrency futures, options and leveraged tokens, the exchange announced Sept. 20.

Top Brazilian investment bank BTG Pactual launches crypto trading app
Initially supporting BTC and ETH only, BTG Pactual’s new crypto trading platform plans to allow its users to trade a wide range of altcoins.
Leading Brazilian investment bank BTG Pactual has launched a new platform enabling customers to make direct investments in cryptocurrencies.

Traders buy the Bitcoin dip even as Evergrande's implosion rocks stock markets
The Evergrande fiasco appears to be driving the correction in global stock markets, but data shows this isn't deterring pro traders from buying the BTC dip.
Bitcoin investors seem concerned about the increasing speculation that China's second-largest property developer,Evergrande Group, will default on its $300 billion in debts. These fears manifest in global equities markets which saw a 1.5% to 3% drop at this morning's market open. Open / Comment

2021-09-17 11:49:09 ​BTC/USD 47 854,35 (-1.13)
ETH/USD 3 534.05 (-2.85)
XRP/BTC 0.000023 (1.72)

$1.2B in Ether withdrawn from centralized exchanges in record daily outflow.

More than $1 billion worth of Ether has been withdrawn from centralized exchanges within a 24-hour period. It's the second time this year and the price went vertical last time.
More than $1 billion worth of Ether has been removed from centralized exchanges in 24 hours, leading to speculation about imminent price gains for Ethereum as supply shrinks on many trading venues.
According to data shared by crypto analytics provider IntoTheBlock, $1.2 billion worth ETH was withdrawn from centralized exchanges on Sept. 16 to mark a new record in short-term outflows from exchanges.

Avalanche (AVAX) just hit a new ATH, but what’s really behind the price surge?
AVAX price soared to a record high as heavy inflows enter the protocol through its cross-chain bridge and institutional investors pledge $230 million in funding for the rapidly expanding Avalanche ecosystem.
On Sept.16 Avalanche (AVAX) price hit a new all-time high at $68.89 and over the last few months the project has risen to challenge the Ethereum (ETH) network’s dominance among smart contract platforms. According to the project's website, the layer-one protocol capable of surpassing 4,500 transactions per second (TPS) with a time to finality of less than 2 seconds.

Ethereum options data suggests the battle for $4K ETH is at least a week away
Traders are long on Ether, but derivatives data suggests that a $4,000 price tag is a long shot in the short term.
For the past 40 days, Ether (ETH) has trended modestly upward, respecting a narrow channel most of the time. It enjoyed a brief rally toward $4,000 in the first week of September, but a subsequent crash brought the price into the ascending channel. Open / Comment

2021-09-13 11:00:35 ​ Regulatory and privacy concerns trail SEC's threat to Coinbase
The SEC's notice to Coinbase over its Lend product might indicate incoming federal regulations aimed at crypto lending.

Crypto lending products have come under scrutiny from security regulators in some jurisdictions across the United States.

Thus, it was perhaps unsurprising to see the SEC ask Coinbase to halt its proposed crypto lending program titled "Lend." Coinbase CEO Brian Arnmstrong took tо Twitter to express dissatisfaction with the SEC's behavior, stating that the Commission was not forthcoming with useful guidance despite public assurances to the contrary.

Digital asset manager Monochrome valued at $ 15M following Series A

Australian digital asset manager Monochrome has concluded a $ 1.8 million Series A fundraiser led by some of crypto's most influential entrepreneurs, underscoring the growing potential of institutional- grade crypto-asset solutions.
The cash injection will be used by Monochrome to develop new products specializing in Bitcoin (ВTC) and other digital assets, the in company said. Open / Comment

2021-09-12 08:00:21 ​ Stanford researcher-led Pledge raises $ 3m for decentralized lending protocol.
Researchers from Stanford University and U.C. Berkeley contributed to the development of the crypto-asset lending platform.

Decentralized lending protocol Pledge has secured $ 3 million in investments for its cross-chain ecosystem focused on long-term financing, highlighting the continued innovation in the DeFi sector.

Utilizing Binance Smart Chain, Pledge aims to facilitate long-term financing for crypto holders, something the researchers say has yet to be addressed in the industry. The protocol achieves this goal by allowing users to diversify their portfolios with non- crypto assets without being exposed to interest-rate volatility.
DeFi lending markets have exploded in popularity this year, attracting an influx of new users on the promise of higher yields and increased access to new markets. While Aave dominates the DeFi lending market, several protоcols have launched over the past year, each one providing its own valuе proposition. Open / Comment

2021-09-11 20:01:15 BTC: $45520.00 (+0.27)
ETH: $3304.05 (+0.60)
XRP: $1.0937 (+2.44)
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Evening News Review - 11 September
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Here are the BTC price levels to watch as $38K emerges as bulls' line in the sand.
Bitcoin (BTC) needs to retain two key moving averages in order to stay bullish, but is failing, fresh analysis shows.
In its latest market update on Sept. 10, trading platform Decentrader warned that bulls do not have the upper hand much above current price levels.
El Salvador’s Bitcoin detractors: Opposition groups gather as crypto law rolls out.
Some are resisting El Salvador’s move to make Bitcoin a legal tender, sighting lack of education and volatility of BTC.
The year 2021 will probably go down the history books as one of Bitcoin’s (BTC) most interesting years, given its recent uptake by billionaires and adoption by mainstream institutions, not to mention El Salvador’s move to make it legal tender.
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With Sept. 7 marking the official implementation of Bitcoin as a legal tender in El Salvador, a wave of protests in the country against the move has roused suspicions and uncertainty over how the new law will be enforced.
From the arrest of individuals criticizing the Salvadoran government over the new law, to the wave of citizens across the country protesting Bitcoin’s legal status, the seminal crypto is facing some headwinds.
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Swiss Exchange SIX granted approval to launch crypto marketplace
The Swiss Financial Market Supervisory Authority, or FINMA, announced their approval for regulated Swiss exchange SIX to launch a digital asset marketplace and central securities depository built on distributed ledger technology on Friday.
Initially intent on launching in the latter half of 2019, the Six exchange was slowed from progressing its ambitions by regulatory hurdles. Although no specific date of launch was announced on Friday, it is expected that after this challenge has been negotiated, customers will be able to experience the exchange's offerings in the near future.
In February this year, 21 Shares launched the world’s first Polkadot exchange-traded product, or ETP, on the SIX exchange after recognizing rising demand for the asset within the region. Open / Comment