Crypto Lending Platform Compound to Start Distributing Tokens

[ad_1] Compound’s governance token will be available for distribution to all users of the decentralized finance (DeFi) protocol beginning on June 15.According to a June 10 tweet from Compound, the lending platform responsible for the major DeFi protocol completed a testnet trial of its COMP token as part of a governance proposal to distribute the token to its users. This allowed the Compound community to approve the proposal — 007, with

Market Update: Bitcoin World Reserve Theories, Market Cap Loses $16B, Analyst Predicts $7,500 ETH

[ad_1] Digital currency markets are down on Sunday evening roughly 2.14% as global trade volume has slid by 31% this weekend. Coins like ethereum, bitcoin, litecoin, and bitcoin cash are all down between 1-2% in the last 24 hours. Crypto Assets Shed $16 Billion in Two Days At the time of publication, the cryptocurrency market capitalization is around $261 billion and it has lost around $16 billion in the last

Bitfinex’s Order Book Is Strongly Stacked In Favor of Bitcoin Bulls

[ad_1] It’s been a tough past few days for Bitcoin. After plunging approximately $1,000 in 24 hours, the cryptocurrency has yet to decisively bounce. The lack of recovery has led some to suggest that BTC is primed to move under $9,000. As reported by Bitcoinist previously, a top trader opined that with the breakout. Bitcoin is primed to return to $8,575 in the coming week. That would amount to a

It’s “Extremely Unlikely” Ethereum Passes Its 2017 High Against Bitcoin: Here’s Why

[ad_1] From a price perspective, Ethereum’s golden age has long passed. In 2017, the second-largest cryptocurrency saw a parabolic bull run that eclipsed that of most other top cryptocurrencies, Bitcoin included. There was a point in 2017 when one ETH was worth approximately 0.17 BTC (on Coinbase). Ethereum rallied so far and so fast that for a few months near the peak of the mania, there were some expecting for

China Could Roll Out Its CBDC Without Anyone Realizing

[ad_1] China has emerged as the world’s leader in central bank digital currency, or CBDC, development, driving speculation surrounding the country’s domestic and international ambitions for its CBDC.Speaking to Cointelegraph, Glenn Woo, Ledger Vault’s head of the Asia-Pacific region, predicted that China’s state-backed virtual currency will be the first to launch worldwide.Woo emphasized the speed with which China’s government can deploy major initiatives on a national scale, suggesting that its

Chinese Companies to Bet Big on Blockchain Despite COVID-19 Crisis

[ad_1] A survey of 350 Chinese companies revealed that Blockchan’s pre-COVID-19 corporate bullishness remains alive in the region.According to Xinhua, the study, called “Blockchain in the Post-epidemic Age,” showed that 70% of the companies surveyed before the coronavirus outbreak remain optimistic about the potential of Blockchain technology. Up to 20% believe that they will invest even more to mitigate the effects of the crisis.Almost 10 types of industries remain “bullish”

Bitcoin-Friendly Top US Banking Regulator Aims to Solve Banks’ Problems With Decentralization

[ad_1] The new top banking regulator for the Trump administration sees “huge and great promise” in cryptocurrency. Focusing on decentralized networks, bitcoin, and rewriting existing regulations, he shares his views on cryptocurrency and the creation of the digital dollar. Top US Banking Regulator Is Pro-Crypto Brian Brooks recently became the new acting Comptroller of the Currency, the top banking regulator for the Trump administration. The 51-year-old has experience in crypto,

BTC in Peril, Quadriga “Ponzi,” Coinbase Punished: Hodler’s Digest, June 8–14

[ad_1] Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.Top Stories This WeekBitcoin price drop to key $9,000 support could place the uptrend in perilWill the drama surrounding BTC’s price ever end? Probably not any time soon. This

Revamping E-Commerce During the Rise of Stablecoins

[ad_1] The world has been slowly recovering from the COVID-19 pandemic, while some countries are bracing themselves for a potential second wave, but the economic downturn in many fields is imminent. This has spurred debates on the current model of a cash-based society, which claim that it had become outdated long before the crisis struck the world. The coronavirus has arguably accelerated the transition to digital cash and cryptocurrency adoption

Ethereum Options Open Interest Soars 315% — Are Institutions Bullish?

[ad_1] Ether (ETH) options were launched over a year ago at Deribit derivatives exchange but they have only recently gained traction.Open interest is the main gauge for derivative contracts activity, and on Ether options it has soared by 315% over the past two months to $158 million.This surge in OI has many retail investors issuing bullish calls for Ether’s future price but it's important that participants take a deeper look