DeFi Offers Potential Investment Opportunities said HyperChain Capital

Decentralized finance, or DeFi, offers potential growth opportunities said the chief executive of digital assets management company HyperChain Capital. HyperChain CEO Stelian Balta said DeFi “has a huge opportunity to grow” and that digital currencies and blockchains are something the company continues to look on with interest.  “I believe DeFi space has a huge opportunity to grow and one of the leaders in DeFi space, Kyber Network, just crossed $1 billion dollars in trading volume and project market cap is worth more than $300 million dollars, which I think is…

Here Are 2 Ways to Benefit From the Impending Bitcoin Volatility Spike

Bitcoin’s price action has quickly become unbearable for many traders. As NewsBTC has reported extensively over recent days, the crypto market has come to an absolute standstill. In the past week, the cryptocurrency has traded in a right 5.5% range, with bulls and bears not even attempting to break out of the consolidation. Stepping back, the lack of volatility is further accentuated; For nearly nine weeks now, Bitcoin has traded in the range between $8,500 and $10,000. Recent volatility analyses, however, have suggested an imminent breakout for BTC. A Massive…

Why One Top Bitcoin Trader Believes Now is the “Calm Before the Storm”

Bitcoin has seen some of the most boring price action it has witnessed in over a year. After ranging between $9,000 and $10,000 for over two months, the cryptocurrency has now narrowed its trading range to between $9,000 and $9,300, with BTC primarily just hovering around $9,100. The benchmark digital asset is showing few signs of breaking this trend anytime soon, but one analyst does believe that this could mark the “calm before the storm.” He claims that this bout of sideways trading is likely to resolve in a massive…

Casa Releases Results on Server Implementation Test

Crypto custody firm Casa released results from its test to find a new way to connect to the Bitcoin network and found ElectrumX had the best bang for the buck. Casa founder and cypherpunk Jameson Lopp noted the custody firm recently rewrote its backend infrastructure to support Electrum based on the tests. The company chose three different server implementations for the test: ElectrumX, Electra and Esplora Electrs. It discounted three other servers, Electrum-Server, Electrum Personal Server and Bitcoin Wallet Tracker as they felt these were not designed for high performance.…

Renowned Cryptographer Says His Patent Was an Obstacle for Hal Finney

Tatsuaki Okamoto explains why his “electronic cash” patent might have presented an obstacle to Hal Finney in his ambition to create his own electronic currency. Six key patents Sometime before Dec. 6, 2004, Hal Finney did a search in a patent database on “blind-signature based cash systems”. On his site he posted a list of six such patents: “This might be useful for those considering implementing electronic cash.” Four of the patents are authored by David Chaum, the other two by Okamoto and his colleague at Nippon Telegraph Kazuo Ohta.…

Nearly Half of Crypto Twitter Doesn’t Think Bitcoin Will Hit $50k in 2021

There’s been much debate over recent weeks over the work of Bitcoin analyst “PlanB” and his Stock to Flow (S2F) model. Some have argued that his work is valid while others aren’t so sure. On July 3rd, the analyst put the community to a vote, asking whether or not they believe in the model. The results were almost split down the middle. Related Reading: Bitcoin Community Celebrates as Crucial Lightning Network Project Launches Almost Half of Respondents Don’t Believe in S2F Bitcoin Price Model On July 3rd, the pseudonymous quantitative…

Dalio Says Capital Markets Are ‘Not Free‘ as Central Banks Drive Economy

Ray Dalio, the billionaire hedge fund manager and founder and chief investment officer of Bridgewater Associates, believes capital markets are no longer free. Speaking to Bloomberg, Dalio said markets have changed a lot so central banks like the Federal Reserve no longer act within the confines of the traditional economic system. “There are markets that are driven by central banks not only their actions but their desire to be an owner of those assets. Their priorities about that ownership when they buy and when they sell are not the same…

Why Cardano Could Still Fail Despite the Excitement Around Shelley

Key Takeaways After multiple and lengthy delays, Cardano plans to deliver Shelley on July 29. Shelley alone is not going to fix all of Cardano’s issues. The upcoming staking rewards are subpar compared to some DeFi lending, so it’s not a sustainable advantage for Cardano in the long term. Cardano’s ecosystem is tiny compared to the competition, and its growth is hindered by the absence of smart-contracts. Share this article Like its competitors, Cardano has been active with updates in 2020. However, they may not be enough to stop the…

Building Blockchains Secretly in South America

Blockchain could bring technological revolution in Latin America said Mario Blacutt, NULS core developer and Nerve Network founder, in an exclusive interview with Cointelegraph. Blacutt revealed his thoughts on the region’s blockchain environment and the hurdles he faced after former Bolivian President Evo Morales banned cryptocurrencies in 2014. Blacutt, who recently revealed his real name to the public after having hidden under the pseudonym “Berzeck” for several years,” said blockchain technology will “undoubtedly” spark another decade of a technological revolution in Latin America. Crypto adoption in Latin America “will likely…

‘Everything Will Move to Confidential DeFi‘ Beam’s CEO Says

On June 29th, major privacy cryptocurrency Beam underwent a hard fork to enable “Confidential DeFi” on Beam. In the time of the DeFi boom, how will Beam’s confidential DeFi be different from other DeFi such as COMP and MakerDao? Alexander Zaidelson, the CEO of Beam, spoke to Cointelegraph about its prospects. The Beam hard fork activated the support of confidential assets, or Beam CA, which enabled independent tokens to be issued on the Beam blockchain. It is a key component of the confidential DeFi, benefitting from the confidentiality and scalability…