Set Protocol’s First DeFi-Centric Strategy to Use LINK

Set Protocol, a DeFi-native investment platform, has added a new token set that rebalances between Chainlink’s LINK token and stablecoin USDC depending on the former’s daily Relative Strength Index (RSI). LINK has been one of crypto’s top performers along with KNC in 2020. Set Protocol Automates LINK Investments ETH, BTC, USDC, and DAI were the only assets included in Set Protocol’s token sets until the addition of LINK. The token has appreciated by approximately 130% since December 2019. Source: CoinGecko The new strategy devised by Set Protocol will utilize the…

YouTube Purges Another Round of Crypto Channels

YouTube conducted another crypto purge, penalizing a handful of prominent creators—including Ivan on Tech, Crypto Wendy O, Chico Crypto, and others. The platform seems to be targeting sensationalist videos which trigger its algorithm. IvanOnTech Cries Foul Following YouTube Ban The largest video sharing platform in the world has seemingly embarked on another site-wide purge, striking several major cryptocurrency channels. According to a tweet from IvanOnTech, one of the most popular crypto YouTubers with 215,000 subscribers, his channel was among the first to receive a strike after starting a live stream.…

Bitcoin Coin Mixers in Legal Crosshairs

Coin mixing has always been useful for those trying to protect their private Bitcoin and crypto activity. However, recent regulatory action calls its legality into question. That depends on whether they are custodial or non-custodial. Using either type of mixer does come with some risk. The recent arrest in the U.S. of Larry Harmon from Ohio has cast the issue of coin mixing back into the spotlight. What is Coin Mixing? Coin mixing is a privacy-enhancing technology for cryptocurrency users. Privacy coins aside, most cryptocurrencies, including Bitcoin, are pseudonymous and…

Delta Exchange Launches Kyber Network’s KNC Futures

Quarterly futures on the Kyber-Bitcoin trading pair with up to 5x leverage have been launched on Delta Exchange. The contracts will be quoted, margined, and settled in Bitcoin. Coinbase Listing Prompts Leveraged Trade Offering Coinbase Pro announced support for Kyber Network Crystal (KNC) four days ago. Following the announcement, the Delta exchange has responded to client demand to trade KNC on leverage. March Futures for KNC already opened. There has been a lot of interest in KNC since the news of the listing, according to CEO Pankaj Balani: “Some traders…

Caitlin Long on Coronavirus, Crypto Custody and Building a Bank

A new crypto bank tries to address some of the most fundamental issues for institutions that want to get into the space.  An incredible amount of work has gone into convincing institutional investors that bitcoin (BTC) and other crypto should be on their radar. Now that many are convinced, however, they face some significant limitations in the infrastructure.  A new crypto bank out of Wyoming is designed to address those problems. Founded by Caitlin Long, Avanti is apply for a special purpose depository institution (SPDI) charter and already has eight…

IOTA Up 12% Despite 11 Days Offline

IOTA has seen its price surge by more than 12% in the past 30 days, despite its network being offline for nearly two weeks due to a hack. The price is a testament to the lack of any predictability in the crypto market. IOTA Investors Unbothered? IOTA, an ambitious project designed to facilitate transactions in the Internet of Things (IoT) ecosystem, has had a hard time maintaining a consistent uptime. Following a 15-hour outage in December last year, the network was turned off earlier this month to deal with the…

Despite Lunch with Sun, Buffett Still Denies Bitcoin’s Legitimacy

Warren Buffett remains skeptical about cryptocurrencies despite on-chain analytics revealing parabolic growth and industry leaders’ best attempts. Cryptocurrencies Have “Zero” Value, Says Buffett Justin Sun, the CEO of TRON and BitTorrent, spent $4.6 million in a charity auction to have lunch with the head of Berkshire Hathaway, Warren Buffett.  The main idea behind winning the charity auction was to persuade the legendary investor to reconsider his bearish take on cryptocurrencies.  During the meal, Sun reportedly gave Buffett his first Bitcoin and a smartphone with over 1.9 million TRON tokens, as…

Blockchain Pioneer Caitlin Long to Build Crypto Bank in Wyoming

The U.S. may soon get its first dedicated bank for digital assets. A Wyoming corporation founded by blockchain legislative champion Caitlin Long is preparing to apply for a special purpose depository institution (SPDI) charter with the state’s division of banking. The future bank is called Avanti, which means “forward” in Italian, and will be focused solely on providing regulated services for digital assets, Long announced Monday. The company, formed on Jan. 6, has already raised $1 million in seed funding. Avanti will provide payment, custody, securities and commodities activities for…

Ethereum, XRP, and Litecoin Stagnant, Investors Fear Steeper Decline

The low volatility in the market pushed the top three altcoins by market capitalization, Ether, XRP, and Litecoin, into a stagnant phase. The following technical analysis evaluates whether these cryptocurrencies could soon resume their bullish trends.    Ethereum Stagnant, Consolidates in Narrow Range Ethereum has enjoyed a bull rally that has seen its price skyrocket nearly 130% so far this year. The significant uptrend, however, appears to have reached exhaustion on Feb. 15. Since then, Ether entered a consolidation phase without a clear indication of where it is heading next.  The…

How to Protect Bitcoin for Your Heirs With the Push of a ‘Dead Man’s Button’

What happens to your bitcoin after you die? This is more than just a philosophical question: It could involve a substantial amount of currency. The question of crypto and the Great Beyond is what prompted about 20 or so developers to get together in London recently to experiment with repurposing the current lightning protocol to send private messages as a “dead man’s button,” a system that can’t be censored and would keep your crypto safe for your heirs. Lightning Labs infrastructure engineer Joost Jager has been exploring using lightning for…