Bitcoin’s organic valuation is at an all-time high and it’s a bright mid-term signBTC $13,195 (-3%) • ETH $385 (-5.9%) • XRP $0.245 (-3%)
Ad: SwissBorg — One app. 4 exchanges. Best rates. Download the App →
The Bitcoin NVT Ratio is at an all-time high, which indicates that the blockchain network activity is supplementing the price. The metric shows the ongoing rally of BTC is organic, led by genuine retail and institutional demand. 📈 Trending … DeFi Tokens • Oracle Tokens • Biggest Gainers • Stablecoins Featured videoChainlink founder Sergey Nazarov on DeFi, smart contracts, and how oracles solve big problems
Last week’s BlockDown 3.0 virtual event saw Chainlink founder Sergey Nazarov discuss the rise (and fall) of decentralized finance applications, the Chainlink protocol, and the use of smart contracts in a virtual fireside chat. More news ⏬Mastercard CEO is bearish on Bitcoin, but sees growth for CBDCsAjay Banga, CEO of global payments and card technology firm Mastercard, is not sold on the Bitcoin promise of banking the unbanked individuals, he said in an interview with Fortune yesterday. Yearn.finance (YFI) now back at price parity with Bitcoin after spiking to $44kShortly after Yearn.finance’s YFI coin launched in July, changing the Ethereum DeFi world forever, the pseudonymous Crypto Twitter personality “Blue Kirby” began to popularize the “1 YFI = 1 BTC” meme. ConsenSys finds massive DeFi yields are “number one threat” for Ethereum 2.0 upgradeDecentralized finance (DeFi) protocols have attracted billions of dollars worth of crypto capital this year alone, with investors oft-punting on projects that promise sky-high yields and other avenues that promise returns. Miners begin offloading Ethereum holdings as it continues underperforming BTCEthereum has been severely underperforming Bitcoin throughout the past few days and weeks, with the second-largest cryptocurrency by market capitalization currently trading far below its yearly highs. JPMorgan stablecoin goes live, interbank group renamed to “Liink”JPMorgan, the US bank whose CEO Jamie Dimon once called Bitcoin a scam and held a bearish stance for the cryptocurrency market, today announced the launch of its stablecoin and blockchain protocol after years in the development. Control your wealthAd: A trusted and accessible wealth management ecosystem powered by blockchain technology, SwissBorg puts your wealth back in your hands. 🗞 Got a story tip? Email tips@cryptoslate.com Crypto market dataFor more pertinent market data, please see: Connect with usDisclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to content within this article.
If you liked this post from CryptoSlate, why not share it? © 2020 Zenzio Incorporated Unsubscribe
|
