Uniswap’s UNI Token is “In Trouble” as It Breaks Below Crucial Support

Despite the entire crypto market currently showing signs of strength, Uniswap’s governance token – called UNI – has been struggling throughout the past day, with sellers gaining full control of its near-term trend. The token is currently in the process of invalidating its bullish market structure as its price dives lower. This latest decline has caused it to break below a key level that was previously stopping it from seeing any further downside. One analyst is now stating that UNI is “in trouble” as it navigates below this key level.…

Soaring decentralized exchange volume suggests the DeFi craze is not over

Uniswap, the most widely utilized decentralized exchange on Ethereum, has seen explosive growth throughout the second quarter. In fact, less than a month ago, Uniswap’s trading volume surpassed Coinbase Pro as the exchange processed $426 million worth of trades in a 24 hour span. Throughout 2019, the decentralized finance (DeFi) market was relatively stagnant until the concept of yield farming and governance tokens became more popular. Yield farming is a process where investors utilize various DeFi protocols that generate high yield in exchange for providing liquidity.  In most cases, the…

Anonymous donor saves OpenBazaar… for now

On September 25, OpenBazaar announced that their platform would likely shut down due to financial difficulties, stating that user growth and adoption had stalled. According to a tweet published on Open Bazaar’s official Twitter account, a mysterious donor has since agreed to cover the cost of the marketplace’s operations through the end of the year. While the exact amount of funding provided was not disclosed, OpenBazaar’s donation wallets have received over $13,000 as of publication. These funds came in the form of Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and other…

One of Hal Finney’s lost contributions to Bitcoin Core to be ‘resurrected’

In a February 8, 2011 post on Bitcointalk, Finney said that reading a book titled “Guide to Elliptic Curve Cryptography” by Hankerson, Menezes, and Vanstone, gave him an idea of how to speed up signature verification by 25%. In the following post from the same day, Finney announced that he had already written “test code” and uploaded it to the Github repository. However, there was a problem with Finney’s proposal — his method had already been patented by someone else. “Method for Accelerating Cryptographic Operation on Elliptic Curves” (also known…

The KuCoin Hacker is About to Sell Stolen Chainlink; Why Analysts Aren’t Concerned

KuCoin, a somewhat popular cryptocurrency exchange headquartered in Singapore, experienced a major security breach last week that led to the loss of over $150 million worth of crypto tokens, including Bitcoin, Chainlink, Ethereum, and a plethora of altcoins. Although this has yet to have any grave impacts on the crypto market, the selling patterns from the hacker – or group of hackers – has placed pressure on multiple smaller altcoins. It now appears that they are looking to offload the Chainlink tokens that they stole from the platform, which could…

Cardano Announces More Upgrades, but ADA Looks Ready to Take Shelter

Key Takeaways Cardano is up more than 40% over the past week following new developments around the upcoming Goguen era. Despite the hype around ADA, different technical metrics indicate that prices are poised to retrace. A spike in the selling pressure behind this cryptocurrency may see it drop towards $0.097. Share this article The research and development company behind Cardano, IOHK, is preparing to launch a new network upgrade to make the protocol “far superior” than Ethereum. While speculation mounts, data reveals that ADA may still retrace before it advances…

Chainlink Bull Flag Breakout Could Target $25 By Year’s End

Chainlink just set a record for the most bullish green daily candle since 2020 started. The 24-hour surge beat out any intraday rallies leading up to the asset’s current all-time high. It also has kept a bull flag formation alive that could send Chainlink to $25 and another new price peak before the year is over. Here’s why technical analysis could indicate that the cryptocurrency will continue along higher. Chainlink Chart Pattern Targets New ATH Before End of 2020 Chainlink, a crypto project focusing on decentralized oracles has taken the…

DeFi Project Spotlight: DODO Exchange, a “Next-Generation” DEX

Key Takeaways Decentralized exchanges are still rife with various imperfections including slippage and impermanent loss. Chinese crypto project DODO hopes to resolve some of these shortcomings with its novel “Proactive Market Maker” algorithm. The platform is nascent, and has yet to prove the test of time like incumbents Uniswap and Curve. Share this article Though there are many decentralized exchanges (DEXes) that traders can choose from these days, few have been as dominant as Uniswap. Still, the unicorn crypto platform is far from perfect.  DODO Exchange, a new arrival to…

ICO from 2017 expects October mainnet launch

After securing millions of dollars via an initial coin offering in 2017, decentralized data housing platform Filecoin now aims to launch its mainnet. Filecoin will move over to its own blockchain in stages, rather than all at once, according to a Sept. 27 blog post. “Launching a blockchain is an involved and lengthy process,” the post said. “Like many other networks (including Polkadot, NEAR, and others), Filecoin is taking a phased approach to launching mainnet, with different groups and communities onboarding onto the network over a period of time, leading…

Crypto regulations in the United Kingdom: Are we there yet?

Policymaking in the United Kingdom is typically reactionary, and this is no less true in the context of the crypto-asset industry. Reactionary policymaking means that the U.K.’s crypto regime is occasionally behind those of its competitors, which could ultimately cause the U.K. to become a less attractive place to conduct crypto-related business. The former Chair of CryptoUK, Iqbal Gandham, pointed out in an April 2018 letter to the U.K. Parliament’s Treasury Committee that despite the fact that “the UK holds great potential to become a global leader in cryptocurrencies,” the…