Polkadot’s Valuation Overtakes Ghost Chains EOS, Cardano in Just Six Days

Key Takeaways Polkadot appears to be living up to its hype after finally launching its native token, DOT. The network has attracted a host of notable DeFi projects who are actively using the technology. Competitors like EOS, Tezos, and Cardano have yet to earn the same kind of traction. Share this article Polkadot’s $4.2 billion market cap puts it ahead of competitors like Tezos, EOS, and Cardano less than a week after its native DOT token went live. The blockchain already has teams actively building on the application layer, making…

Major EOS Block Explorer Bloks.io Acquired by Metal Pay

Blockchain-based payment platform Metal Pay has acquired the multifunctional EOSIO platform, Bloks.io. The binding letter for the acquisition was signed earlier this week, Metal Pay representatives told Cointelegraph on Aug. 21. The final amount of the deal was not disclosed. Originally launched as a simple block explorer for EOS (EOS), Bloks.io has expanded into a multi-purpose EOSIO platform supporting various networks like WAX, Telos, Proton and others. According to Metal Pay, Bloks.io had more than 10,000 daily active users at the time of the acquisition. A spokesperson for Metal Pay…

BTC, ETH, EOS, XTZ, ATOM

This week Warren Buffett made waves throughout financial media as reports that Berkshire Hathaway sold several bank stocks and purchased shares in Barrick Gold were made public thanks to the company’s latest quarterly shareholder filing.  This purchase is significant because Buffet has been a strong critic of gold, however, in the current economic conditions, he appears to have changed his view and sought safety in the asset. Bitcoin advocate Max Kaiser believes that several fund managers are now likely to increase their allocation to gold, which could boost its price…

EOS Price Surges 10% and Technicals Suggests Rally Above $4

EOS price started a strong increase after it broke the $3.300 resistance zone against the US Dollar. A new monthly high is formed near $3.871 and it seems like there are chances of more upsides. EOS formed a strong support base above $3.000 and rallied over 10% in the past few hours. The price settled nicely above the $3.500 pivot level and the 100 SMA (H4). There was a break above a key bearish trend line with resistance near $3.200 on the 4-hours chart of the EOS/USD pair (data feed…

EOS Price Just Surged 15%—and More Upside Is Likely on Its Way

EOS has surged 15% in the past 24 hours, making it one of the best-performing cryptocurrencies in the top 20 aside from Chainlink. The cryptocurrency, with this latest rally, is reaching multi-week highs. While the ongoing move is still nascent, analysts think that EOS has fuel to surge even higher in the weeks ahead. The cryptocurrency can be spurred by both fundamentals and technicals, they suggest. Related Reading: Crypto Tidbits: MicroStrategy’s $250m Bitcoin Purchase, Ethereum DeFi Boom, BitMEX KYC EOS Is Preparing to Surge Higher, Technicals Show  EOS’s move has…

EOS DeFi Project Sets Up Shop on Polkadot

An EOS-based decentralized finance project, Equilibrium, has announced its plans to develop a new interoperable protocol on the Polkadot (DOT) blockchain. The project is set to develop an independent parachain connected with Polkadot, featuring an independent utility token called EQ. It acts both as a token for paying transaction fees and for governing the protocol. Equilibrium began as a MakerDAO analog on EOS, but its CEO, Alex Melikhov, told Cointelegraph that the Polkadot transition will also include an expanded suite of products.  In addition to a lending protocol that powers…