Yesterday, we discussed that bitcoin price could start a downside correction below USD 6,700 in the short term. BTC/USD did move down and broke a couple of important supports like USD 6,600 and USD 6,500. Similarly, major altcoins like ethereum and bitcoin cash declined between 5% — 8%. More importantly, ripple price fell by more […]
Bitcoin price made another attempt to surpass the USD 3,650 and USD 3,660 resistance levels, but buyers failed to gain strength. BTC/USD retreated from highs and retested the key USD 3,600 support area. The price is currently (UTC 08:10 AM) consolidating above USD 3,600 and it may continue to trade in a range in the […]
Source: Adobe/Nik_Merkulov The DeFi protocol yearn.finance (YFI) is set to merge with SushiSwap (SUSHI), another leading DeFi protocol. (Updated at 18:28 UTC: updates in bold.) Per a blog post from YFI founder Andre Cronje, the former’s work with SushiSwap has been overlapping, making a merger the most logical thing to do. Cronje wrote, “With these […]
Source: Adobe/hanmaomin With summer temperatures climbing and production rising in the wake of the coronavirus pandemic, power providers in Dongguan, an industrial city in the Chinese province of Guangdong, said they have experienced a massive surge in demand – and are responding with a blockchain-powered solution. The initiative is the brainchild of the Guangdong branch […]
Source: iStock/Savushkin The state-sponsored Russian technology firm Rostec aims to halve its blockchain research and development fund and now estimates smaller effects on the economy. The company stated that it plans to spend RUB 28.4 billion (USD 453.2 million) on blockchain technology by 2024, Kommersant reported, citing Rostec. This figure is a far cry from […]