Bitcoin price is showing signs of a seemingly short-term downside correction from the USD 11,500 resistance. BTC corrected below USD 11,300, but it is currently (13:00 UTC) approaching the USD 11,250 support level. The price might remain well bid near the USD 11,200 and USD 11,050 levels. Similarly, most major altcoins are correcting gains, including […]
Bitcoin price declined yesterday below the USD 6,700 level after Bithumb’s hack news. However, downsides were limited and BTC/USD was able to hold a key support at USD 6,600. Similarly, most altcoins found support, started an upward move, and are currently trading in the green zone. It seems like the market ignored yesterday’s bearish reaction, […]
Source: Adobe/mingirov The yETH vault from yearn.finance (YFI), a vault for yield farming with ethereum (ETH), was launched a day ago, and it’s growth could hardly go unnoticed. The Cryptoverse is today focused on the yETH vault, and particularly its overnight growth. People were commenting on it holding ETH 215,000, or "0.2% of all ETH […]
Source: iStock/TomasSimkus The biggest problem that blockchain currently faces is the high ratio of hype being generated versus actual use cases, Vitalik Buterin, co-founder of the Ethereum platform, stressed again. “The amount of sustainable usage of blockchain is very low. Although it exists, there are a lot of people giving value to cryptocurrencies, yet the […]
Source: Adobe/tawatchai1990 The South Korean government has pledged to spend USD 7bn on public projects this year, a figure that will include blockchain spending. The money will back what ministers have labeled the “Korean New Deal,” and particularly what they have called the “core” of the measures, the “Digital New Deal,” which will receive billions […]