South Korean crypto traders are pivoting to ‘smaller cap’ altcoins

South Korea’s “big four” crypto exchanges — Bithumb, Korbit, Upbit and Coinone — are showing a marked cooling off in Bitcoin (BTC) enthusiasm. Meanwhile, altcoins are now accounting for the highest 24-hour trading volume according to data from multiple market aggregators. Apart from XRP, which is often popular among crypto traders in Asia, altcoins with smaller market capitalizations are leading the way in terms of trading volume on the big four. Data from crypto research outfit Messari shows Ravencoin (RVN), NEAR Protocol (NEAR), and New Kind of Network (NKN) as…

DeFi Project Spotlight: Bancor, The Dark Horse Decentralized Exchange

Share this article In 2017, Bancor pioneered automated market makers (AMMs) to replace order books using a native reserve asset, the BNT token. After losing ground to other decentralized exchanges such as Uniswap or Sushiswap, Bancor’s v2.1 showed that the project is far from over.  Re-Introducing Bancor Understanding Bancor can be tricky because of the system’s complexity, but there is a reason why the total value locked in the protocol has skyrocketed in 2021. Bancor’s USD monthly volume. Data from Dune Analytics In October 2020, Bancor released v2.1 to an…

Ether hits new all-time high above $2,200 hours ahead of Berlin hard fork

Ether (ETH) surged to a new all-time high on Tuesday, with the next major update in its ongoing development — dubbed “Berlin” — scheduled for Wednesday, April 14. Ether’s price reached $2,228 on Tuesday, marking the highest dollar valuation the coin has achieved since its conception. The coin’s market capitalization exceeded $250 billion for the first time. For context, the market cap of Bitcoin (BTC) was at the same level just six months ago, in late October 2020. Ether’s 1,328% growth over the past year persisted despite major concerns regarding…

How artists can protect themselves

Copyright infringement in the online world has been an issue ever since the internet entered our lives — with a copy-and-paste culture, it’s never been easier to pass off a funny tweet as one’s own, upload unauthorized versions of chart-topping songs, and repurpose jaw-dropping photographs and videos. Now nonfungible tokens have entered into the arena, a whole host of new issues have emerged. Opportunists are now tokenizing artwork without consent — and in some cases, artists haven’t realized their pieces have been plagiarized until the NFTs have been bought and…

European Investment Bank reportedly to issue bonds with blockchain tech

The European Investment Bank, an international financial institution owned by European Union member states, is reportedly exploring blockchain technology for issuing digital bonds. According to a Tuesday Bloomberg report, the EIB has hired major global banks like Goldman Sachs, Banco Santander and Societe Generale to look at a potential deal involving a euro-denominated bond issued on a blockchain.  Citing a person familiar with the matter, Bloomberg states that the EIB is planning to deploy blockchain technology for the registration and settlement of digital bonds. Investor meetings for the inaugural sale…

US firm splashes out on 4,800 Bitcoin miners worth $34M

Pennsylvania software firm Integrated Ventures has announced the purchase of 4,800 Bitcoin (BTC) mining rigs from Chinese manufacturer Bitmain. The deal is worth just over $34 million and will see 400 of Bitmain’s Antminer model S19J’s delivered to Integrated Ventures each month for the next year. Integrated Ventures partnered with Wattum Management — a mining solutions provider — to carry out the deal, with Wattum expected to help host and manage INTV’s mining operations. The mining rigs deliver 100 terahashes each, giving IV close to 0.5 million TH/s by the…

dHEDGE launches tokenized index tracking its top 10-ranked traders

Decentralized fund management platform dHEDGE has launched a tokenized index that tracks its top-ranked traders. An ERC-20 token will also be issued for the index on automated market maker DEXes in futur. dHEDGE allows fund managers to launch actively managed investment pools powered by synthetic assets provided by Synthetix. “What dHEDGE is trying to do is crowdsource the best traders on the internet, and if you can create an index out of that, […] I think that’s tremendously powerful,” Apollo Capital chief investment officer and dHEDGE co-founder, Henrik Anderson, told Cointelegraph.…

The biggest event in crypto this week ISN’T Coinbase’s IPO: Erik Voorhees

ShapeShift CEO and crypto industry stalwart, Erik Voorhees, has suggested the launch of Thorchain is arguably the biggest event in crypto this week. And considering all eyes in crypto are on the direct listing of major US exchange Coinbase on the Nasdaq on Wednesday — with a potential valuation of $140 billion according to the FTX derivatives exchange — that’s a pretty big claim. Thorchain’s launch is scheduled for Tuesday, April 13, and will mark the first time that native crypto assets can be traded on a DEX across unique…

Ethereum Consolidates Gains, Here’s What Could Spark A Fresh Rally

Ethereum is struggling to clear the $2,200 resistance zone against the US Dollar. ETH price is now consolidating and it is likely to start a strong rally above $2,200. Ethereum is trading in a positive zone above the $2,100 and $2,080 support levels. The price is now trading well above $2,100 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $2,125 on the hourly chart of ETH/USD (data feed via Kraken). The pair remains well bid and it is likely to…

40K investors rush to buy RLY despite price pump

Social token platform Rally has completed its first “liquid token sale” on crypto asset issuance platform CoinList, with 40,000 investors snapping up RLY tokens for $0.60 each between April 1 and April 4. The sale saw tokens distributed to investors at a set price despite RLY trading on exchanges since October, 2020. Token pricing was determined by a 20-day trailing average from March 11, 2021 to March 30, 2021 minus a 30% markdown to compensate for the RLY being locked up for 12-month a linear release. However, investors had the opportunity…