Month: May 2021

0x launches DEX liquidity API on Polygon

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0x has released a Polygon version API for its decentralized exchange (DEX) liquidity aggregator, opening up the 0x API tool to the expanding Polygon market. The DEX liquidity bridge service announced the move via a release issued on Monday, marking another milestone for the burgeoning decentralized finance (DeFi) scene on Polygon. According to the announcement, the 0x API on Polygon features major Ethereum-based DEX liquidity channels like SushiSwap, Dfyn and Curve, as well as Dodo, mStable, QuickSwap and Cometh. Detailing the ease of using the 0x API on Polygon, the…

Indian central bank clarifies regulations as local banks shun crypto

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India’s central bank has issued an official notice regarding the fact that local banks are reportedly cautioning customers against using cryptocurrencies like Bitcoin (BTC). Published Monday, the notice points out that the Reserve Bank of India is aware of media reports that certain banks have cautioned their customers against crypto by referring to the RBI’s quashed, three-year-old circular. “Such references to the above circular by banks/ regulated entities are not in order as this circular was set aside by the Hon’ble Supreme Court on March 4, 2020 in the matter…

Bitcoin Closing in on Biggest Monthly Dip Since 2011

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Key Takeaways Bitcoin looks set to close its biggest monthly dip since 2011. It suffered its worst drop since Mar. 2020 during a market-wide crash earlier this month. Despite the crash, 74% of the BTC supply and 94% of the ETH supply is in profit. The market looks uncertain over whether the negative trend will last. Share this article Bitcoin is down over 36% in May with hours left until the monthly closing. Ethereum has dipped 9% this month. Bitcoin’s Big Correction  Bitcoin looks like it’s about to close its…

Ethereum is ‘MySpace before Facebook’ while Bitcoin won as ‘Google’

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Bitcoin (BTC) is at risk of a “flippening” from Ether (ETH), mainstream media claims as some familiar FUD — fear, uncertainty and doubt —returns to the spotlight. As BTC/USD continues to flag below $40,000, an old argument has resurfaced — but major investors are fighting back. Bloomberg: ETH “will likely exceed Bitcoin” In an article on May 31, Bloomberg cited multiple sources claiming that in the future, Ether will overtake Bitcoin as the world’s cryptocurrency of choice. The largest altcoin “will likely exceed Bitcoin at some point in the future,…

How artificial intelligence can enhance blockchain platforms

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Artificial intelligence and blockchain are both touted as technologies that will lead our future. But here’s the problem: They’re like oil and water. While innovative in their own right, there’s a noticeable lack of interconnectedness — projects that tightly combine AI and blockchain, unleashing the full potential of both emerging technologies.  Technical hurdles have been largely to blame for this. Integrating AI into the smart contracts that exist today is practically impossible. The two often rely on entirely different programming paradigms — and while smart contracts use data sparingly to…

Bitcoin accumulation uptrend can create a 2013-style BTC price ‘double pump’

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A recent run-down in Bitcoin (BTC) price from about $65,000 to as low as $30,000 did not force long-term holders into selling, Glassnode data shows. The on-chain analytics platform revealed a spike in Bitcoin reserves held in wallets with lower unspent output just as the BTC/USD’s bids were crashing. Meanwhile, the data also shows a Bitcoin collecting spree among miners — the entities that produce and supply newly minted cryptocurrencies for retail markets. As a result, the active BTC supply started declining in recent sessions. New Bitcoin supply squeezed-in by…

Bitcoin Will Survive Energy Debates, Green Miner Says

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Key Takeaways Bitcoin will survive despite the recent criticisms surrounding the network’s environmental impact, Iris Energy Pty says. The cryptocurrency space has been the subject of debate in recent weeks after Tesla halted Bitcoin payments, citing environmental concerns. Bitcoin’s price has plummeted this month, which could be an indicator that institutional investors are losing interest in the asset. Share this article Despite the increasing number of criticisms regarding Bitcoin’s environmental impact, Iris Energy Pty thinks the asset is here to stay.  The Bitcoin Energy Debate Environmental debates will not kill…

Coincheck crypto exchange announces Japan’s first ever IEO

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Coincheck’s goal of conducting the first-ever initial exchange offering in Japan is moving closer to becoming a reality. According to a release issued on Monday, the Japanese crypto exchange announced that the Hashpalette (HPT) initial exchange offering will take place in the summer. IEOs are a modified form of initial coin offering, where a crypto exchange platform acts as an intermediary between token issuers and investors. Coincheck partnered with Hashpalette back in August 2020, with plans for HPT to become the first IEO-issued utility token in the Japanese crypto market.…

Court denies SEC access to Ripple’s legal advice

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Ripple has scored another win in its ongoing legal battle against the United States Securities and Exchange Commission as the court has denied the SEC access to Ripple’s legal advice. Magistrate Judge Sarah Netburn of the District Court for the Southern District of New York ruled Sunday to deny the SEC’s motion to compel Ripple to produce memos discussing XRP sales with the firm’s lawyers. According to the SEC, Ripple could have been aware that XRP could be a security from its legal advisors before moving forward with its token sale back…

Cryptocurrencies Are a “Great Concern”: Ireland Central Bank Official

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Share this article Another central bank official takes a stand against cryptocurrencies.  Central Bank Officials Oppose Crypto  The director-general of financial conduct at Ireland’s Central Bank has aired negative views on cryptocurrencies.  Speaking to Bloomberg, Derville Rowland said that the growing interest in digital assets like Bitcoin and Ethereum was a point “of great concern.” “Crypto assets are quite a speculative, unregulated investment,” she added, before warning that crypto investors should be “really aware they could lose the whole of that investment.” Rowland leads the Irish Central Bank’s regulatory efforts…