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Showing posts from July, 2020

##Ethereum locked in Maker hits $1 billion. But for how long?

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                   Visit - https://t.me/freebitmexsignals For more latest news update on Cryptocurrency, Free BitMEX signals & Bitcoin BitMEX Binance auto Trading BOT visit above given Telegram group Maker has exploded in popularity this year and as of today has $1 billion locked into its smart contracts, as the DeFi liquidity mining craze continues. In brief MakerDAO today hit the $1 billion of total value locked in. It is now the third biggest DeFi token by market cap and most valuable protocol in terms of ETH locked in. This is in part due to yield farming craze, according to crypto data provider Messari. Decentralized finance protocol Maker today hit the $1 billion mark of total value locked (TVL) into its smart contracts.  The “value locked in” refers to the amount of money running through its smart contracts to be used for lending. Crypto data provider Messari said today that Maker is the first DeFi protocol to reach the $1 billion TVL milestone

###China's BSN wants to integrate 100 public blockchains in 2020

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                   Visit - https://t.me/freebitmexsignals For more latest news update on Cryptocurrency, Free BitMEX signals & Bitcoin BitMEX Binance auto Trading BOT visit above given Telegram group The Blockchain Service Network aims to connect the fragmented blockchain industry, providing a one-stop hub for dapp developers. In brief China's Blockchain Service Network (BSN) aims to integrate over 100 public blockchains within a year. The BSN has already added support for Tezos, NEO, Nervos, EOS, IRISnet and Ethereum. The project aims to provide a blockchain hosting platform for individuals and small businesses, acting as a one-stop hub for dapp developers China's Blockchain Service Network (BSN) has unveiled ambitious plans to connect more than 100 public blockchains this year, according to a report by Bloomberg. Red Date Technology, the Beijing-based crypto company behind the network, is ramping up plans to roll out BSN across the world. BSN

#Will Bitcoin benefit from new US stimulus check?

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                   Visit - https://t.me/freebitmexsignals For more latest news update on Cryptocurrency, Free BitMEX signals & Bitcoin BitMEX Binance auto Trading BOT visit above given Telegram group With another coronavirus relief package set to deliver $1,200 stimulus checks to Americans, experts explore the potential impact on Bitcoin. In brief Senate Republicans have finalized another coronavirus relief bill. If passed, it would result in Americans receiving another $1,200 stimulus check. Relatively few of the last round of stimulus checks were spent on Bitcoin. Senate Republicans have finalized another coronavirus relief bill, and—assuming it’s passed—Americans will soon have another $1,200 check in their pockets. "There's a $1,200 check coming, that's going to be part of the new package," White House chief economic advisor Larry Kudlow told CNN over the weekend. Kudlow's confirmation comes prior to the official unveilin

#The US is running out of coins, bringing a Digital Dollar ever closer

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                   Visit - https://t.me/freebitmexsignals For more latest news update on Cryptocurrency, Free BitMEX signals & Bitcoin BitMEX Binance auto Trading BOT visit above given Telegram group As America runs out of coins and retailers are forced to go cashless, advocates for a Digital Dollar are seizing on the opportunity. In brief America is facing a severe coin shortage as a result of the coronavirus pandemic. The US Mint has urged Americans to start spending, depositing, and exchanging their coins for currency. Advocates of a Digital Dollar have put the case for a digital greenback to the US Senate Committee on Banking, Housing, and Urban Affairs. One peculiar, second-hand side effect of the coronavirus pandemic has left America facing a national shortage of coins. There are several reasons behind America's coin deficit. First, the US mint reduced the production of coins to shield businesses’ employees against the coronavirus. Secondly

##Bitcoin is now considered “money” under D.C. law; What this means for BTC

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                           Visit - https://t.me/freebitmexsignals For more latest news update on Cryptocurrency, Free BitMEX signals & Bitcoin BitMEX Binance auto Trading BOT visit above given Telegram channel  News broke earlier today that a federal court ruled that Bitcoin is defined as “money” under the law in Washington D.C. The ruling came about as a result of a court declining to dismiss criminal charges against a man who operated an underground Bitcoin trading platform accused of laundering money. Naturally, this led to a slew of bullish narratives from traders and investors regarding what impact it may have on Bitcoin. Still, a dive into the ruling suggests that its implications are rather limited, and not overtly positive for BTC.  Federal court rules that Bitcoin is a form of “money” As first reported by Bloomberg, a federal court in the District of Columbia ruled today that Bitcoin is classified as a form of “money” – rather than property. The

#Ripple Executive Says Quantum Computing Will Threaten Bitcoin, XRP and Crypto Markets – Here’s When

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                      Visit - https://t.me/freebitmexsignals For more latest news update on Cryptocurrency, Free BitMEX signals & Bitcoin BitMEX Binance auto Trading BOT visit above given Telegram channel  Ripple CTO David Schwartz says quantum computing poses a serious threat to the future of cryptocurrency. On the Modern CTO Podcast, Schwartz says quantum computing will break the cryptographic algorithms that keep cryptocurrencies like Bitcoin (BTC) and XRP – as well as the internet at large – secure. “From the point of view of someone who is building systems based on conventional cryptography, quantum computing is a risk. We are not solving problems that need powerful computing like payments and liquidity – the work that the computers do is not that incredibly complicated, but because it relies on conventional cryptography, very fast computers present a risk to the security model that we use inside the ledger. Algorithms like SHA-2 and ECDSA (elliptic cur

##Bitcoin’s stable price does not mean profits are Absent

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                             Visit - https://t.me/freebitmexsignals For more latest news update on Cryptocurrency, Free BitMEX signals & Bitcoin BitMEX Binance auto Trading BOT visit above given Telegram channel  Even with Bitcoin’s mid-week push above $9,500, the larger trend of stability has held strong. Prior to this push the largest cryptocurrency in the market had traded within a $500 margin for over a month, and in the last two months the range only as large as $1,000.  While Bitcoin for the past two months has been volatility-deprived, investors trading the cryptocurrency have seen little to no profits. However, from an investment point of view, contrary to the narrative of the fluctuation-heavy coin market, a bout of stability should be preferred, rather than feared.  According to a recent report from Ecoinometrics, a present-day investment in Bitcoin could prove to be profitable, given the current, persisting, and likely expected volatility. Prior to ge

##Bitcoin’s lack of movement is revealing traders’ Panic

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                   Visit - https://t.me/freebitmexsignals For more latest news update on Cr y ptocurrency, Free BitMEX signals & Bitcoin BitMEX Binance auto Trading BOT visit above given Telegram channel  Bitcoin trading is not for the faint of heart. Traders in the cryptocurrency market have to contend with $1,000 hourly movements, while negotiating an array of exchanges to arbitrage, many of which pump fake volumes and have individual premiums and can employ leverages in triple-digits, opening the floodgates for liquidations. Given the above backdrop, the present trading atmosphere is downright absurd. Bitcoin, now going on three months, has seen a bout of low volatility. Since early-May, the king coin has been trading in a tight channel, unable to break out. At this time, with Bitcoin trading out of character, how are traders handling the still waters? Well, not very well. According to a recent report by Ecoinmetrics, Bitcoin derivatives traders are keen fo