August 2020 | Page 10 of 171 | Last Cryptocurrency News Feed

Chainalysis: Cryptocurrency Plays an Important Role in Venezuela’s Economy

The use of cryptocurrencies in Venezuela has thrived over the years, and although they may not be the revolution that many expected, they have managed to fit into the financial thinking of the people there more strongly than in other countries. The status of crypto and blockchain technology in the country has evolved significantly. A…

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Ledger CTO discusses wallet’s safety after multiple security setbacks

Ledger, one of the crypto industry’s most popular hardware wallet providers, has faced multiple difficulties in recent weeks, including a breach in the company’s customer contact database and a wallet vulnerability putting users’ Bitcoin (BTC) at risk. Are the recent events simply a summation of a few difficult weeks, or is a larger unraveling at…

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The Story Of Polkadot Starts With The 2017 ICO: 2,000% ROI For Early Investors

Polkadot has quickly gone up the ranks and became one of the biggest cryptocurrency projects. Its native token DOT was recently denominated at a 1:100 ratio and early ICO investors can benefit from After the redenomination of its native cryptocurrency DOT, early Polkadot investors can benefit from a nearly 2,000% ROI. This became possible following…

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Institutional crypto interest hasn’t been affected by COVID-19

The coronavirus pandemic has truly been a watershed event — not just for the financial industry but for the world at large. Many had plans and goals that they wanted to achieve before the year ran out but had to stop. Companies had to file for bankruptcy, and people lost their jobs.Like every sector of…

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Market Watch: Over 100% Gains For YF Defi Tokens, Bitcoin Is Stable

Bitcoin seems stable after recovering from its drop to $11,100 and trades above $11,500. However, massive gains are evident among lower-cap alts and DeFi tokens, including YFI that doubled BTC’s all-time high. As such, Bitcoin’s dominance over the market has decreased by over 1%. YFI To $40k, Low-Caps Surging It’s no secret that the DeFi…

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YFI To $100,000 Says Arthur Hayes

Yearn Finance is undoubtedly all the rage in the cryptocurrency field right now. Up just shy of 80% in the past 24 hours, it peaked at almost $39,000 on Binance. Now, industry proponents such as the CEO of one of the world’s largest Bitcoin margin trading exchanges are making bold predictions about its price. Arthur…

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YFI price soars to $38.8K hitting $1B market cap — can it go higher?

Yearn.finance’s YFI token achieved a new record high at $38,883, as its market capitalization surpassed $1 billion. Yearn.finance’s native token YFI has surged by more than 75% in the last 24-hours, achieving a new all-time high at $38,883 on Binance in it’s (USDT) pair. The strong upside move also brought the DeFi-token’s market capitalization above…

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Federal agencies turning to blockchain for its benefits

Even the FDA uses blockchain 1322 Total views 21 Total shares Federal agencies have turned to blockchain for its transparency, efficiency, security and flexibility.According to FedTech magazine, several federal agencies like the U.S. Food and Drug Administration, or FDA, and the Department of Treasury began using blockchain.Officials in the US Food and Drug Administration needed an…

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Ethereum Classic Hit By Third 51% Attack in a Month

Aug 29, 2020 at 23:00 UTCUpdated Aug 29, 2020 at 23:36 UTCCredit: Ethereum Classic website.The Ethereum Classic blockchain suffered a 51% attack Saturday evening, its third 51% attack this month, noticed by mining company Bitfly, which also spotted the first attack on Aug. 1. The attack reorganized over 7,000 blocks, or two days' worth of…

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Chainlink’s Nazarov sees two ways for mainstream DeFi adoption

How do we get DeFi “to cross the chasm?” 1781 Total views 19 Total shares As decentralized finance begins to gain ground, Chainlink co-founder Sergey Nazarov believes there are two ways for more mainstream adoption. Speaking at the Smart Contract Summit, Nazarov said he sees two ways DeFi “crosses the chasm” and more Web 2.0 companies…