Weekly Recap: Bitcoin Remains Dormant While Ethereum Resumes Uptrend
Bitcoin remains dormant awaiting major price movement.
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Bitcoin remains dormant awaiting major price movement.
The digital yuan introduction is seen as a silent way for the Chinese government to make a huge move in accordance with the global market need and also a way to control the fast-growing ‘uncontrolled’ crypto industry.
Nvidia makes a strategic move to expand its footprint in the semiconductor market with its $40 billion deal of acquiring British semiconductor giant Arm Holdings. This merger will see NVIDIA’s AI computing capabilities combine with Arm’s CPU’s to create chips for next-generation technologies like IoT, robotics, self-driving cars, etc.
The fraud involved the promotion and selling of FLiK tokens, the native cryptocurrency of the FLiK platform that claimed to become the “Netflix of the blockchain”, however, it never saw the light of the day.
Americans who have been buying Bitcoin with their U.S. stimulus package may now buy more once the Senate approves the new bill.
DeFi networks show signs of the increase despite the current decrease on the market. Since September, 2 Bitcoins available in the networks have increased from 67,038 BTC until 87,752 BTC.
Defi Swap has now become available on Ethereum mainnet. Some of the coins supported at the start are: Wrapped Ether, Tether, USD Coin, Dai, Chainlink, Compound, and Crypto.com Coin. However, the company promises to widen the list.
On Friday, September 11th, XRP keeps trying to escape a narrow sideways channel but the attempts are not quite successful. The cryptocurrency is generally trading at $0.2413 USD.
Beginning next week, yearn.finance’s token is set to be available for trading on Coinbase Pro. Recently, the platform has added a number of new tokens, including UMA, CGLD, OMG, NMR, MKR, BAND and COMP.
Through this new partnership, 1inch users will get the best rates for TRON assets. Moreover, liquidity providers on the TRON blockchain will benefit from Mooniswap’s virtual balances.
Clear regulations together with the existing advantages of using XRP to send money from one point to another make the project be in a better position to take the crypto industry through the next mile.
Jack Dorsey went praising Bitcoin calling it the native currency of the internet. However, Dorsey added that to ensure Bitcoin’s long-term success, it must be made more “intuitive” as well as “cost-effective” and “time-effective”.
The ultimate goal of the fund is to bridge CeFi and DeFi in the Binance ecosystem. The exchange aims to show how to ensure integration between DeFi and CeFi to offer the best of both worlds.
Two years after the infamous Bitcoin Cash hard fork of 2018, the news about the new one scheduled for November 15, 2020, is spreading, and this time, nobody seems happy about the new possible drama.
The BUYTEX team is currently doing the final preparations for the official launch: running all the necessary checks and tests so that exchange users get the most secure access to all the tools.