Ripple becomes tidal wave, leads weekend pump and notches legal victories

Amid a weekend pump carrying multiple cryptocurrencies higher, Ripple’s XRP looks to be leading the way with a push as high as 30% on the daily — carried on the back of a string of legal victories and rumors of relisting at some exchanges.  Where Bitcoin and Ethereum are up merely 2.7% and 3.4% respectively on the day, XRP climbed to $1.36 before retreating to $1.32, where it sits at the time of publication. The digital currency is now up 111% on a 7 day basis, and a staggering 544%…

Ethereum could go to $10K in 2021 and outperform Bitcoin, says veteran trader

Ethereum is likely to outperform Bitcoin, at least in the short term, said veteran trader Scott Melker in an exclusive interview with Cointelegraph.  Alt szn is upon us Melker sees this period of Bitcoin’s price consolidation as particularly bullish for the second largest cryptocurrency, that recently reached new all time highs. Melker sees Ether’s outstanding performance as the main catalyst of the recent altcoin market bull run. He also revealed he has been largely switching his dollar-cost averaging strategy from Bitcoin to Ether in the last few months, in order…

How NFTs, DeFi and Web 3.0 are intertwined

While blockchain itself provides the technology constructs to facilitate exchange, ownership and trust in the network, it is in the digitization of value elements where asset tokenization is essential. Tokenization is the process of converting the assets and rights to a property into a digital representation, or token, on a blockchain network.  Distinguishing between cryptocurrency and tokenized assets is important in understanding exchange vehicles, valuation models and fungibility across the various value networks that are emerging and posing interoperability challenges. These are not just technical challenges, but also business challenges…

wNews: Bitcoin “Threatens” the Dollar, Says Peter Thiel

Share this article This week’s wNews digs into Peter Thiel’s recent comments surrounding Bitcoin’s threat to the U.S. dollar and how this plays into China’s hands.  Thiel has often made headlines throughout his career. A master of the inflammatory soundbite, the PayPal founder again took the media industry by storm. During a roundtable discussion at the Richard Nixon Seminar, he and others discussed Big Tech and China as the two were related to American national security matters.  A notable Bitcoin advocate, Thiel also described the leading digital asset as a…

Watch these key technical levels as Bitcoin price nears $61,800 all-time high

The price of Bitcoin (BTC) has surpassed $61,000 on April 10 for the first time in nearly a month. Following the breakout, traders are starting to look at new levels of resistance and support in the short-term as optimism returns to the market. In the near term, besides the all-time high at around $61,800, there are three key Bitcoin price levels to observe: $61,188, $58,387 and $53,000. BTC_USDT orderbook heatmap (Binance). Source: Material Indicators As long as the price of Bitcoin stays above $58,387 and keeps attempting to break out…

Oasis Foundation announces implementation of Tidal DeFi insurance platform

The Oasis Foundation, an offshoot of Oasis Network developers Oasis Labs, announced in a blog post on Friday that decentralized finance (DeFi) insurance and coverage provider Tidal Finance will be implementing a version of their platform on the Oasis Network.  The blog post noted that insurance will be important for users of the platform as Oasis scales its DeFi offerings, and that by working with Oasis’ “confidential smart contracts” Tidal will be able to deploy new claims methods, such as “anonymous, democratized voting” that preserves voters and user privacy. The…

SEC Blocked From Seeing Ripple Execs’ Personal Bank Records

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Ethereum Sheds Weak Hands, Resumes Uptrend to $2,600

Key Takeaways Ethereum recently reached a new all-time high of $2,212. While the number of ETH held on exchanges dropped to a three-year low, the potential downswing has vanished. As long as Ether holds above $2,050, there is a high probability of reaching $2,600. Share this article Ethereum is back in the green after shaking out weak hands. Continued buying pressure could push ETH towards a new all-time high. Shakeout Before the Breakout After breaking out of a symmetrical triangle on Mar. 31, Ethereum surged by nearly 16% to a peak…

Bitcoin’s carbon footprint hard to estimate

The debate around the environmental impact of the Bitcoin mining ecosystem is heating up once again as academics have provided a fresh dose of perspective on the subject. In an opinion piece written by Noah Smith, a former assistant finance professor turned columnist, took aim at the Bitcoin (BTC) mining industry in March, suggesting that the constantly growing energy consumption of the network is simply unsustainable. Smith’s belief is that more countries will clamp down on Bitcoin mining as they use more power, given that the increasing price of BTC…

How the digital yuan stablecoin impacts crypto in China: Experts answer

This is part one of a multipart series on blockchain and crypto in China. China has been discussing the possibilities of national digital currency for half a decade, and the Chinese digital yuan project — referred to as the Digital Currency Electronic Payment, or DCEP — has years of history. Back in 2014, the People’s Bank of China set up a research group “to study digital currencies and application scenarios.” The research team was conducting a digital currency study and reportedly considering issuing its own digital currency. In 2016, the…