Coinbase has announced an oracle that will provide reliable and verified price data for two trading pairs: BTC-USD and ETH-USD. The move also roused conversation around Chainlink’s market position.
How Oracles WorkBlockchain oracles provide data in a way that is useful for DeFi applications and other blockchain services.
Bitcoin’s market dynamics suggest that it is both a risk-on and risk-off asset, depending on the circumstances. These qualities make BTC tricky to use as a hedge against the stock market, and run contrary to many popular narratives.
Bitcoin and stocks fell and rallied together over the last two months. These moves were met by confusion, given that the historical correlation between the two assets has been low.
A high correlation between Bitcoin and multiple altcoins is helping to determine where the flagship cryptocurrency is headed next.
A Highly Correlated MarketA glimpse at Coin360’s cryptocurrency map reveals what is obvious to many.
Whenever Bitcoin goes up, most altcoins in the market are also likely to surge. And, whenever the flagship cryptocurrency drops, the other cryptos follow suit.
Paxful has released the results of a survey of Americans who have a working knowledge of cryptocurrency. The results suggest that Bitcoin adoption will be driven by investors looking for alternatives to traditional finance.
The Future of Bitcoin AdoptionThe survey was designed to better understand what the future might hold for digital assets.
Beyond simply measuring how many people own and use cryptocurrencies, the study probes what people think might drive adoption.
The need for a decentralized world has been emphasized time and time again. And as the cracks of centralized finance begin to show, is the rise of Web 3.0 and distributed protocols imminent?
The data aggregation platform, CoinMarketCap, has announced that they will be using Gilded, an American payments startup, to automate invoicing and offer clients crypto payment options.
Oil futures are the latest casualty this week in the ongoing financial crisis, as prices for U.S. crude futures turned negative for the first time ever. Meanwhile, top cryptocurrency, Bitcoin, has held its ground and made clear several advantages over traditional commodities.
In March 2020, the decentralized content network Steem was acquired by TRON. The Steem community responded to the hostile takeover by launching Hive, a blockchain based on Steem code that aims to combat centralization.
Six-month community engagement around Tezos and Cardano has been outstanding, showing the potential for bullish price movement. Though, the seven-day sentiment is not so optimistic.
Most digitally-native products and items aren’t valuable because they can be reproduced at little to no cost. In 2009, Satoshi Nakamoto solved this problem by devising the first decentralized network protocol that produced a scarce digital asset, Bitcoin.
Measuring this scarcity, as well as its potential value, has been the primary thrust behind the stock-to-flow (S2F) model. This framework, however, isn’t without its limits.
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