Elastic Finance makes its case in the DeFi discussion

The DeFi frenzy has been making the headlines in the last few months, as crypto exchanges rush to list popular tokens within the decentralized finance sphere. However, another concept called “Elastic Finance” has emerged, which could be the next generation of financial platforms that can use unique supply elastic assets, said an expert. During an interview with Cointelegraph, digital asset protocol firm Ampleforth Foundation CEO Evan Kuo said that Elastic Finance began with its own token, AMPL, a rules-based elastic digital currency that automatically translates price volatility into supply volatility.…

Here’s Why Bitcoin Is Poised to Bounce After Plunging $300

After Bitcoin peaked at $10,600 late on Saturday evening, bears reasserted control over the cryptocurrency. Now, BTC trades for $10,300, having dropped as low as the low-$10,200s as sellers suddenly entered the market. This was a departure from the expectations that analysts had for Bitcoin just hours before the move. Many thought that the move above $10,500 after days of ranging was set to take BTC towards $11,000. While this didn’t play out, there are signs that the ongoing correction is one that is too aggressive. That’s to say, there’s…

Swiss blockchain group formed to encourage new blockchain companies

A new group seeking to promote research and support blockchain firms has been formed. The Ticino Blockchain Technologies Association was launched with the participation of the University of Southern Switzerland, also known as the Università della Svizzera Italiana (USI), and the University of Applied Sciences and Arts of Southern Switzerland (SUPSI).  The group’s goal is to support research and companies in the blockchain sector and promote academic studies of the technology. Other founding members are Bitcoin.com, Copernicus Holdings, Eligma, Euronovate, Eventboost, Pangea Blockchain Fund, Poseidon Group, the Quadrans Foundation, StrongBlock.io,…

Binance Coin (BNB) Sees Parabolic Rise as Popularity of Binance Chain Grows

Binance Coin has been caught within the throes of a parabolic uptrend in recent weeks, with the price of BNB rocketing higher amidst a mixture of increased demand for the Binance exchange coupled with demand for Binance Chain. This intense momentum has allowed the crypto token to form an incredibly strong weekly candle that will be closed later today, leading some analysts to expect significantly further upside. One trader, in particular, is looking towards a continuation of this uptrend, explaining that it has allowed BNB to shatter a crucial technical resistance…

DeFi carnage, Chef Nomi’s admission and $625K prize to crack Monero

Coming every Sunday, Hodler’s Digest tracks every important crypto news story from the previous week. Essential reading for all Hodlers!   Top Stories This Week   DeFi goes boom as top tokens crash by 50% — But enjoy a sudden rebound It was an industry that looked like it was overheating for some time, and finally, at least for a short while, it appeared that the DeFi bubble had well and truly burst. Half a dozen major DeFi tokens shed half their fiat value, and the sell-offs erased the gains…

Bitcoin Makes Headway Implementing Smart Contracts, ‘Most Complicated’ Part of Upgrade Complete

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Bitcoin hardware devices need to improve to handle complex transactions

Jameson Lopp, co-founder and CTO of Casa, a crypto custody firm has released a test result report on Bitcoin multi-signature hardware signing performance on the Casa blog on Sep. 13.  The result shows that hardware crypto wallet devices can handle small, simple transactions well. However, they have trouble performing once the transaction becomes complicated. Casa is said to be built upon geographically distributed multisig, dedicated hardware devices to secure keys, designed user experience, and client services. Lopp pointed out that while the company has no control over the hardware devices,…

BTC, BNB, NEO, YFI, LINK

This week Digital Assets Data CEO Mike Alfred told Cointelegraph that mainstream investors are still “skeptical of Bitcoin and the ecosystem.”  However, Alfred believes that this “skepticism and disbelief” will turn out to be a positive for Bitcoin (BTC) because when the “traditional folks capitulate, they will be forced by their clients and partners to get involved at significantly higher prices.” While Bitcoin has struggled to start a sustained uptrend in the past few weeks, select altcoins and tokens in the DeFi space have been in a strong bull run.…

Binance CEO wants more Ethereum-based DeFi projects to join his platform

Binance CEO Changpeng Zhao welcomed more Ethereum-based DeFi projects to join the Binance Smart Chain (BSC) platform.  In a tweet discussion with another user, Zhao explained that this step would reduce the load on the Ethereum network, which will, in turn, lead to a reduction in Ethereum’s gas fees.  Zhao later stressed that Binance Smart Chain is not a replacement or competitor to the Ethereum network and that it is compatible with it. Zhao added that Binance Smart Chain provides the smart contract creators with more options: “BSC never aimed…

Investing in DeFi? Bet on diversification, not short-term gains

The decentralized finance space has grown exponentially over the last few months, to the point where more than $9 billion worth of crypto assets were locked in its protocols before crypto prices started dropping. The space had a little over $500 million locked in back in September 2019. This exponential growth in the last few months appears to be mainly related to a yield farming trend that started when lending protocol Compound began distributing its COMP governance token to users who interacted with the protocol. Put simply, yield farming —…