Cardano has opened the new trading weaker under renewed downside pressure and is currently the worst performing cryptocurrency inside the top twenty cryptocurrencies by market capitalization. The ADA / USD pair has also remained below its trend defining 200-day moving average for over forty days.
The scalability trilemma continues to dog blockchain economies, according to the latest Binance Research. Ethereum, while clinging to the crown as the dominant token economy, is facing stiff competition from a range of scrappy competitors. And you’ll never guess which blockchain Binance researchers consider to be a top contender.
Factom Protocol, an open-source blockchain platform, has announced the launch of PegNet, a closely-connected network of tokens pegged to other assets, including Bitcoin, Gold, USD and EUR. The solution seeks to provide a fully auditable and non-custodial network for transferring value, simplifying the conversion process between one type of asset and the other.
With PegNet, users can pay with one of the 32 assets, without relying on intermediaries, with average fees of only $0.001.
If you’re sick of Jimmy Wales asking for money, you might be pleased to hear about the blockchain alternative. Everipedia is a for-profit alternative to Wikipedia, based on EOS. They’re trying to use tokens to incentivize contributors – but as the past year has demonstrated, that might be easier said than done.
Everipedia had a high-profile start. Talk of an ICO was snuffed out when Mike Novogratz and others invested $30 million in funding. The project’s native IQ tokens were then airdropped to EOS holders in July of 2018, about a month after EOS launched.
One of the most anticipated projects of the year is finally inching closer to reality. After months of delays, the Digitex Futures Exchange has finally announced the date of its testnet launch, which is currently scheduled for November 30.
According to Digitex development partner SmartDec, the testnet will be the first step to creating “the world’s first zero-commission cryptocurrency futures trading platform.”
Blockchain businesses are hiring left, right, and center, and MouseBelt believes universities are key to building a better industry. The company is investing in a “first-of-its-kind” partnership with the University of California to bolster education and entrepreneurship in the field.
Forget about day trading – if you want to get rich in crypto, the real money is in derivatives. As the world prepares for Bakkt’s launch next month, investors and companies are lining up to buy stakes in futures and options trading platforms.
That means a flux of new offers from hungry investors. Crypto derivatives platform Deribit has repeatedly had to fend off investors angling for an equity stake in the exchange, and some of those offers have gone into the hundreds of millions.
An early version of Polkadot has been released today, allowing developers and the broader community to experiment with new features ahead of the mainnet launch.
Known as Kusama, the network is a “proving ground” where projects can build parachains, stress-test new technologies and trial the Polkadot network’s governance system. It appears to be named for Yayoi Kusama, a Japanese contemporary artist known for her polkadot-style patterns.
The altcoin action continues today as the majority of the market is in the green. Meanwhile, Bitcoin has stabilized over $10,000 while continuing to lose some of its dominance.
The technicals for Monero are mostly bearish at the moment, with a number of patterns suggesting that the XMR / USD pair remains vulnerable to further losses while trading below the $88.00 level.
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