Kyber Network’s native token is up 11% in the last four days. With staking set to go live this year, potential tailwinds indicate that Kyber could become a force to reckon with in the months to come.
DeFi Isn’t Backing DownHigh volume traders look for a handful of features when they pick their trading avenue. Liquidity and efficient customer service are by far the most common and vital requirements.
Curve Finance is improving slippage for DeFi stablecoin conversions, like DAI/USDC. If successful, the protocol would be more efficient than any other DEX.
Efficient Protocols WinThe DeFi space is beginning to see improvements on many initial protocols.
On Feb. 1, 2020, Jiang Zhuoer of BTC.TOP, the operator of a powerful mining pool in the Bitcoin Cash ecosystem, revised his stance on the controversial miners’ donation. He had earlier said that miners would be orphaned from the blockchain if they did not donate 12.5% of their block rewards.
These rewards would go toward building infrastructure for Bitcoin Cash.
Bitcoin is sitting at a make-or-break point. This coming week BTC will decide whether to continue its bullish trend or pullback.
A Pivotal Point on Bitcoin’s TrendBitcoin entered a bull rally on Jan. 3 that has seen its price rise by nearly 40%. The flagship cryptocurrency went from trading at a low $6,900 to a high of $9,550 on Jan. 30. Since the peak, BTC began a consolidation phase without a clear sign of where it is heading next.
The largest digital collectibles market on Ethereum, OpenSea, has reported that Binance’s non-fungible tokens made quite the splash, accounting for a significant portion of its January activity.
Last week, OpenSea stated that $34,000 worth of Binance NFTs have been traded so far. Live data indicates that trading volumes have risen to $48,000 (262 ETH) since then.
EOS, Tezos, and Chainlink may reverse their trends as their momentum is exhausted.
EOS Prepares for a PullbackAfter reaching a market bottom of $2.16 on Dec. 17, 2019, EOS entered a bull rally that has seen its price double. The sudden increase in demand allowed this cryptocurrency to move above its 200-day moving average. Turning this level of resistance into support is usually seen by many traders as a further bullish indicator.
However, the recent high of $4.39 appears to have served as a take-profit point for many investors, triggering an 8.3% percent retracement.
Kraken Security Labs found a way to extract the cryptographic seeds out of Trezor’s One and Model T hardware wallets. Your coins may be at risk.
Given physical access to the device and sufficient know-how, the attack can be executed in approximately 15 minutes using ~$75-worth of specialized glitching hardware.
Up almost 30% for the year already, Bitcoin is on track for its best Q1 performance in seven years.
Strong Start to 2020 for BitcoinWith a surging price for the month, Bitcoin is eyeing its strongest start to a calendar year since 2013.
Today, Aztec Protocol, a highly-anticipated privacy layer, launched its mainnet on Ethereum. The protocol obfuscates inputs and outputs using zero-knowledge proofs, and several DeFi projects have already shown interest in integrating the technology.
Programmable Money, Programmable PrivacySince announcing the project over a year ago, Aztec’s vision to bring secret transactions to public blockchains has largely unchanged.
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