August 24, 2020

XRP, Chainlink, Binance Coin Price Analysis: 24 August

After a couple of days of bearish pullback, the collective crypto industry breathed a sigh of relief as major altcoins registered a minor uptick to keep pace with its overall bullish trend. Although bearish signals were still evident in the markets, the past 24-hours have highlighted a sea of green signals all across the board....
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zkSNARKS and Cryptographic Accumulators

By Michael Lodder Zero-Knowledge proofs (ZKPs) are an increasingly popular means of enhancing privacy both in identity and cryptocurrency. The initial zero-knowledge proof ideas were first published in the 1980’s which at the time were dismissed as cryptography that wouldn’t go anywhere. Around that time, David Chaum pioneered the idea of enabling zero knowledge electronic...
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Zcash, Stellar Lumens, BAT price analysis: 24 August

A slowly sliding Bitcoin dominance is once again paving the way for altcoins to make gains in the medium to long-term timeframe. At the time of writing, Ethereum was trading at $406 after a drop over the weekend. Zcash experienced a 15% surge before falling to support. Stellar showed mixed signals on the short-term, and...
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Chainlink long-term price analysis: August 24

Chainlink aka Link’s run from March to August has been good, especially in terms of its price appreciation. The cryptocurrency went from being valued at less than $2 in March to being overvalued at $20. This exponential rise came at a time when defi was soaring. In part, the defi craze has to be the...
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Ryanair CEO Advises People To Avoid Bitcoin As The Plague

After having his name involved in a Bitcoin impersonation scam, Ryanair CEO Michael O’Leary said that he never has and never will invest in the cryptocurrency. He went even further by referring to BTC as a Ponzi scheme, which he avoids like “the plague.” Ryanair CEO Involved In BTC Scam The CEO of the low-budget...
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Ethereum short-term price analysis: 24 August

Ethereum’s recent decline seems to be in recovery considering the coin’s 5.3% surge in the last 24 hours. This surge comes as the price breaks out of a bullish pattern. This has larger implications of a potential surge ranging between 9% and 11%. Ethereum four-hour chart ETHUSD TradingView The chart showed ethereum’s descending parallel channel...
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Ripple Price Analysis: XRP Latest Consolidation Is Likely To End By a Wild Move

XRP saw a sharp 8% price decrease over this past week as it reached $0.287 today. The coin is currently trading within a descending price channel, while rebounded from the lower boundary on Saturday. Against Bitcoin, XRP is looking to maintain above the 2435 SAT support. XRP/USD – Descending Price Channel Key Support Levels: $0.28,...
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Bitcoin Price Analysis: Bulls Battle Against Huge Resistance, Here’s the Key Levels to Watch

Bitcoin price is attempting to re-enter the bullish ascending triangle pattern that it exited out of last Friday, August 21, when the asset unraveled $500 in 24 hours. This previous key support, which had helped prop up Bitcoin over eight times since July 28, 2020, is now acting as a strong resistance on the 4-hour...
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$1 Billion Value Locked: Curve (CRV) Founder Takes 71% of Voting Power

The ethos behind DeFi has driven a move to full community governance in a democratic and transparent environment. However, as Curve Finance recently discovered, things do not always pan out as planned. In its first governance vote, Curve proposed a new liquidity pool for earning Compound’s COMP tokens and a couple of incentives for liquidity...
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Bitcoin hasn’t changed much but has changed enough!

Since its mysterious inception to being a well-known asset, bitcoin has come a long way. The bitcoin community, however, has moved from doubt to amusement to where it stands now, a fan, follower, etc. People have come into the community and stayed while others haven’t. The point is that the community has retained a few...
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Blockchain Summit: Global Technologies & Crypto 3rd Edition, Sept 3rd-4th 2020

This 3rd Edition is sponsored by Uruguay XXI, which will open our event on September 3rd. The opening on Thursday 4 will be by President of Banco Central del Uruguay, Ec. Diego Labat. The main sponsors are IBM, Microsoft, and Grant Thornton and we are proud of their featured speakers. ANII has also granted us...
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Google Relocates Business From A BPO After Employees Caught In A BTC Scam

After receiving a confirmation that a few employees of the Cebu operations of BPO firm Sykes have engaged in Bitcoin scams, the American tech giant Google has pulled out outsourcing business from the Philippines-based company branch. Google Pulls Out After A BTC-related Scam The business process outsourcing (BPO) company Sykes confirmed earlier this month that...
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Decred, Monero, Cosmos Price Analysis: 24 August

Decred, Monero and Cosmos all registered big gains in the past few days. Monero could not hold on to levels it briefly claimed. Decred showed likelihood of testing support levels before a continuation of the previous uptrend. ATOM was ripe for a minor correction, and the next few days will reveal the strength of its...
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ICT Spring goes Phygital 

Postponed due to the worldwide Covid-19 pandemic, ICT Spring will finally be held on September 15th and 16th, at the very heart of Luxembourg. To comply with the health restrictions and stop the spread of the virus, the event – from conferences to networking sessions – will be available via video from all around the...
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Bitcoin SV short-term price analysis: 24 August

After consolidating for a good three weeks above $200, Bitcoin SV finally dropped below long-term support on 21 August. The depreciation seemed inevitable over the past week, as a consistent array of price drops led to BSV’s new price range. With a market cap of $3.67 billion, the asset is currently in close proximity with...
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People’s Bank of China: CBDC Tested on Small Retail Transactions

Despite numerous reports claiming that the Chinese central bank is experimenting with large volume transactions for its CBDC, the bank recently said that it’s focusing on small retail transactions but confirmed that the trials are ongoing in numerous regions. China’s CBDC Trialed For Smaller Transactions In the past few weeks, various reports claimed that the...
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Tezos, Algorand, Litecoin price analysis: 24 August

After Bitcoin’s dip to $11,400, the crypto market saw red for many coins over the weekend. At press time, Bitcoin was staging a possible recovery upward priced at $11,760. Large-cap altcoins also saw modest price gains and some indicated that their pullback was complete, and the previous uptrend might continue. Litecoin was holding on to...
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XRP and BCH: The Story Behind the 2 Only Top-10 That Are Still 90% Below ATH

The cryptocurrency market valuation has almost doubled year to date. Then why are XRP and BCH, two of the top 10 cryptocurrencies, down by more than 90 percent since hitting ATH, while all other coins are posting high returns? Can it be attributed to diminishing investment interest and community support? Or perhaps, the increasing trust...
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Dogecoin, Ethereum Classic, Bitcoin Cash Price Analysis: 24 August

Bitcoin Cash and Doge have spent August bouncing from support to resistance. At press time, both coins lacked momentum to force a big move up or down. The direction they are heading towards might be better gauged in the next few days. Ethereum Classic was able to defend support but did not offer anything else....
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DeFi Dangers: $130 Million At Risk Of Being Locked in YF Value (YFV)

Announced on August 16th, YFValue protocol is intended to deliver the true value of yield farming finance accessible to all users irrespective of their investment size. A little over a week later, however, it turns out that over $170 million worth of cryptocurrency in the protocol is at risk of being locked by a single...
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Here are 7 factors that can derail a Bitcoin bull run

The ongoing Bitcoin price rally is lucrative to traders on spot and derivatives exchanges, however, there are several factors that may influence the trajectory of the coin. This article takes a deep dive into the red flags to look out for. Looking at Bitcoin’s 24-hour change, the change is less than 0.50 percent, and weekly...
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CryptoSlots Announces $100 Top Ups to Crypto Players for New B-movie-Inspired Game

[PRESS RELEASE – Please see disclaimer] Cowboys vs Aliens is a brand new game from the crypto casino CryptoSlots. Players can now increase their deposits with extra cash in celebration of its release. In a clash inspired by old school B action movies, the reels are divided: cowboy symbols on the right, aliens on the...
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Market Watch: Bitcoin Price Seeks To Overcome $11,800, Ethereum Eyes $400 Once Again

After a relatively calm weekend without any major price developments and following a retest of the $11,400 support on Friday, Bitcoin slowly recovers. It is currently trading around $11,700. Large-cap altcoins follow Bitcoin as ETH getting closer to $400 once again. After Friday’s crush, this is the day of the low-caps altcoins. Contrasting Altcoin Moves...
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Bitcoin (BTC) $ 63,316.96 1.05%
Ethereum (ETH) $ 3,249.23 3.31%
Tether (USDT) $ 0.999843 0.01%
BNB (BNB) $ 595.36 0.89%
Solana (SOL) $ 140.53 0.92%
USDC (USDC) $ 1.00 0.00%
Lido Staked Ether (STETH) $ 3,246.47 3.30%
XRP (XRP) $ 0.518188 1.63%
Dogecoin (DOGE) $ 0.147359 0.89%
Toncoin (TON) $ 5.38 0.25%