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Topics - Riya143

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News related to Crypto / Augur Deploys V2 Upgrade, Integrates Features From DeFi

« on: July 29, 2020, 07:19:41 AM »

Decentralized prediction market platform Augur has completed its v2 upgrade, introducing a host of DeFi features onto the platform.
Decentralized predictive betting market platform Augur (REP) has announced the successful deployment of its v2 upgrade.

The upgrade is intended to address bugs and vulnerabilities identified with the existing platform and its rules surrounding betting markets, to introduce support for the Dai stablecoin and other popular DeFi protocols, and to institute an affiliate program.
Read More: https://cointelegraph.com/news/augur-deploys-v2-upgrade-integrates-features-from-defi

News related to Crypto / Grayscale’s Crypto Funds Grow by $1 Billion in Just 11 Days

« on: July 29, 2020, 07:17:55 AM »

Grayscale’s Bitcoin Trust currently holds $4.3B assets under management, but this growth may be due to ‘in kind’ purchases.
Crypto fund manager Grayscale Investments has managed to increase its assets under management by another $1 billion in less than two weeks.

According to an update posted to Grayscale’s Twitter account on July 28, the investment firm currently has $5.1 billion in assets under management (AUM). The funds are mostly held in Grayscale’s trusts for Bitcoin (BTC) and Ethereum (ETH), along with the firm’s digital large cap fund. There are smaller allocations in Bitcoin Cash (BCH), Ethereum Classic (ETC), Horizen (ZEN), Litecoin (LTC), Stellar Lumens (XLM), XRP, and Zcash (ZEC)
Read More: https://cointelegraph.com/news/grayscales-crypto-funds-grow-by-1-billion-in-just-11-days

Bitcoin News & Updates / Bakkt Bitcoin Futures Smashes Records Two Days Running

« on: July 29, 2020, 07:15:44 AM »

Bakkt breaks another record with more than 11,700 Bitcoin futures contracts traded on Tuesday.
Intercontinental Exchange subsidiary, Bakkt, is reporting record numbers of trades for its monthly Bitcoin futures contracts as BTC prices made a new high for the year.

The institutional investing platform reported its highest ever figure for Bitcoin monthly futures on Jul. 28 with 11,506 contracts — an increase of 85% over the previous record. The move followed a surge in the underlying asset’s price to a 2020 high of $11,400.
Read More: https://cointelegraph.com/news/bakkt-bitcoin-futures-smashes-records-two-days-running

News related to Crypto / Synthetix Founder: DeFi Makes Legacy Fintech Obsolete

« on: July 29, 2020, 07:13:34 AM »

The founder of Synthetix believes that the DeFi ecosystem is realizing many of the promises that the fintech sector has failed to deliver.
Kain Warwick, founder of DeFi derivatives platform Synthetix, argues that projects built on Ethereum can finally deliver on many of the promises that fintech failed to.

Despite ten years of development, Warwick said the fintech sector has been hamstrung by “trying to build overlays for the legacy infrastructure.”
Read More: https://cointelegraph.com/news/synthetix-founder-defi-makes-legacy-fintech-obsolete

Bitcoin News & Updates / Mainstream People Coming to Bitcoin, Digital Assets Data CEO Says

« on: July 29, 2020, 05:47:44 AM »

Digital Assets Data CEO Mike Alfred explains increased Bitcoin interest from a number of parties.
Mike Alfred, CEO of analytics firm Digital Assets Data, described increased Bitcoin (BTC) enthusiasm from the public amid flying prices.

“We are seeing more signs of increased institutional interest,” Alfred told Cointelegraph of Bitcoin on July 28 — the day after bitcoin rose more than $1,000 in a 24-hour period.
Read More: https://cointelegraph.com/news/mainstream-people-coming-to-bitcoin-digital-assets-data-ceo-says

Bitcoin News & Updates / How Grayscale Investments Sells Bitcoin to Financial Advisors

« on: July 29, 2020, 05:45:50 AM »

At a webinar targeting financial advisors, Grayscale’s managing director preached the value of Bitcoin and warned against physical representations of the asset.
In a webinar hosted by InvestmentNews, Grayscale Investments’ managing director, Michael Sonnenshein, and financial consultant, Tyrone Ross Jr., educated financial advisors about the benefits of crypto investments.
Read More: https://cointelegraph.com/news/how-grayscale-investments-sells-bitcoin-to-financial-advisors

News related to Crypto / Facebook’s Zuckerberg and Telegram’s Durov Posture as Defenders Against Foreign

« on: July 29, 2020, 05:42:47 AM »

The leaders of two tech giants are using nationalism to win back the governments of their respective home countries after stumbling over crypto launches.
Two icons of tech — one American, one Russian — are hard at work trying to win back the jilted governments of their home countries by stirring up concerns over foreign competitors.
Read More: https://cointelegraph.com/news/facebooks-zuckerberg-and-telegrams-durov-posture-as-defenders-against-foreign-tech-invasions

News related to Crypto / Regulatory Clarity Leads to Surge in Institutional Crypto Investors

« on: July 29, 2020, 05:39:47 AM »

Ciara Sun, head of global markets at Huobi Group says more institutional crypto investors are entering the market.
Ciara Sun, head of global markets at Huobi Group, took part in a Cointelegraph China Great Bay Area International Blockchain Week pre-event interview on July 27. She stressed that although security and lack of infrastructure services might be the biggest hurdle for the crypto industry, more clarity in regulation across the globe has led to a great surge in institutional crypto investors.
Read More: https://cointelegraph.com/news/regulatory-clarity-leads-to-surge-in-institutional-crypto-investors

News related to Crypto / North Korea’s Crypto Extortion Efforts Have Expanded Considerably in 2020

« on: July 29, 2020, 05:37:50 AM »

A new ransomware from North Korea targets major companies.
A group of hackers associated with the North Korean regime have kept their crypto extortion efforts alive in 2020.

A group of North Korean hackers operating under the name “Lazarus” targeted several crypto exchanges last year, according to a report published by Chainalysis.
Read More: https://cointelegraph.com/news/north-koreas-crypto-extortion-efforts-have-expanded-considerably-in-2020

Bitcoin News & Updates / Tether Exchange Inflow Reached 8-Month High as Bitcoin Rallied to $11K

« on: July 29, 2020, 04:39:27 AM »

As Bitcoin price surged above $10K, USDT exchange inflows reached an 8-month high.
Tether (USDT) exchange inflow has recently spiked to its highest level in the last 8 months, according to data from on-chain data provider Glassnode. Exchange inflows for the stablecoin reached a 2020 high yesterday as Bitcoin (BTC) soared to $10,270, although BTC has since continued on its rally, currently sitting at $11,000.
Read More: https://cointelegraph.com/news/tether-exchange-inflow-reached-8-month-high-as-bitcoin-rallied-to-11k

Bitcoin News & Updates / Bitcoin’s Latest Rally May Have Staying Power, Exchange Flows Suggest

« on: July 29, 2020, 04:37:16 AM »

Bitcoin is currently trading above $10,000, but is the latest move into five figures here to stay? Data suggests this rally might have legs.

The leading cryptocurrency has failed a number of times during the last 12 months to keep gains above the $10,000 mark. But this time may be different. Consider the flow of bitcoins and stablecoins in and out of cryptocurrency exchanges observed on Monday, suggesting the latest price breakout may persist.
Read More: https://www.coindesk.com/bitcoins-latest-rally-may-have-staying-power-exchange-flows-suggest

News related to Crypto / 5 Years After Launch, Predictions Market Platform Augur Releases Version 2

« on: July 29, 2020, 04:35:09 AM »

The ultimate decentralized finance (DeFi) money Lego has arrived: Augur Version 2 released July 28, according to the Forecast Foundation.

“The Augur v2 protocol contracts have been successfully deployed to the Ethereum Mainnet. The contracts have been verified on Etherscan, and the deployers address can be found here,” the blog reads.
Read More: https://www.coindesk.com/5-years-after-launch-predictions-market-platform-augur-releases-version-2

Ethereum News & Updates / Memories of London’s Devcon 1, Ethereum’s ‘Woodstock’ Moment

« on: July 29, 2020, 04:32:20 AM »

Ethereum’s Devcon 1, held in London in November 2015, was like Woodstock, except perhaps with less nudity.

Bankers and Big 4 consultants disguised in hoodies shared space with dreadlocked Ethereum coders, sitting cross-legged in the corners, their laptops open in front of them.

Packed into a Victorian banking hall in the heart of the City of London, the audience listened as ConsenSys chief Joe Lubin predicted a new future for firms; cryptographer Nick Szabo talked about decentralization in the context of Francis Drake and the Aztecs; and chief scientist Vitalik Buterin assembled shards of the path that lay ahead.
Read More: https://www.coindesk.com/devcon-1-ethereum-woodstock-moment

News related to Crypto / What Crypto Lender Celsius Isn’t Telling Its Depositors

« on: July 29, 2020, 04:28:17 AM »

Standing in a spacious, white living room and sporting a black T-shirt, Alex Mashinsky, CEO and co-founder of cryptocurrency lender Celsius Network, urged his customers to ignore the naysayers.

“Don’t listen to the FUD-ers, look at the facts,” Mashinsky said on the YouTube livestream on July 17, using crypto slang for “fear, uncertainty and doubt.” A few minutes later, he reassured the audience of “Celsians,” as the platform’s users are nicknamed, that the company is prudently deploying their crypto deposits.
Read More: https://www.coindesk.com/what-crypto-lender-celsius-isnt-telling-its-depositors

News related to Crypto / Crypto Fear and Greed Index Turns to Extreme Greed, Is Now The Time to Sell?

« on: July 28, 2020, 09:19:37 PM »

Some analysts renewed their expectations of a crypto bull run following Bitcoin’s 11% gains yesterday.

Resistance at the $10.5k level has proven difficult to break, having been rejected there on several previous occasions. But yesterday’s rally cut through $10.5k with ease, bringing a daily candle close at $11,030.
Read More: https://www.newsbtc.com/2020/07/28/crypto-fear-and-greed-index-turns-to-extreme-greed-is-now-the-time-to-sell/