November 2020 | Page 42 of 152 | Last Cryptocurrency News Feed

Ethereum 2.0 to boost DeFi but delayed launch may set the network back

This deposit contract is the first step that would eventually lead to the launch of Ethereum 2.0. If to consider that the launch will go down successfully, Ethereum will ship the Beacon Chain and introduce proof-of-stake to the ecosystem, which is currently based on the proof-of-work, another consensus algorithm that is based on mining. Shard…

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Polkadot Aims to Become The New Home for The $14 Billion DeFi Industry

The decentralized finance (DeFi) ecosystem has seen a parabolic explosion in usage since the start of 2020. Data indicates that the total value locked in DeFi applications has just reached a new all-time high of $14.39 billion. At the start of 2020, this metric was closer to $500 million. Dune Analytics also reports that the…

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Bitcoin ETF Time? What SEC Chairman Jay Clayton Stepping Down Means for Markets

Nov 22, 2020 at 2:00 p.m. UTC(Win McNamee/Getty Images News)Bitcoin ETF Time? What SEC Chairman Jay Clayton Stepping Down Means for MarketsJay Clayton is stepping down as chairman of the Securities Exchange Commission. Here’s what that means for crypto and traditional markets. For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe…

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Cybercriminals attack GoDaddy-based cryptocurrency platforms

The attackers used social engineering to defraud the GoDaddy staff. 1045 Total views 11 Total shares Yesterday, security researcher KrebsOnSecurity reported that several cryptocurrency platforms hosted by popular hosting provider Godaddy have been attacked over the past week.According to KrebsOnSecurity, the attacks began on or around November 13th on cryptocurrency trading platform liquid.com.Liquid CEO Mike…

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The word ‘decentralized’ has lost all meaning — Enough is enough

Decentralization: It’s a word that holds so much power and promise. But over the years, it’s become painfully clear that this concept isn’t being given the respect it deserves — and the consequences can be downright dangerous.We live in a world where DAOs aren’t DAOs, where independent validators aren’t independent, and where PR departments breezily…

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SEC Chairman Jay Clayton Steps Down Early: How Has His Term Impacted The Crypto Industry?

After heading the U.S. Securities and Exchange Commission for the past three and a half years, Jay Clayton has decided to end his term early. As the SEC’s mission is to protect investors and ensure fair and efficient financial markets, it’s worth exploring how has the Commission impacted the cryptocurrency field during his tenure. The…

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GoDaddy Employees Tricked Into Transferring Control of Crypto Firm Domains: Report

Nov 22, 2020 at 1:23 p.m. UTC(Dmitriy Grishechko/Shutterstock)GoDaddy Employees Tricked Into Transferring Control of Crypto Firm Domains: ReportCryptocurrency trading platform liquid.com and crypto mining firm NiceHash were two of at least six firms that had control of their domains briefly transferred to malicious actors last week after employees at GoDaddy, the world’s largest domain registrar,…

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Bretton Woods 2.0 is knocking at our door, and it’s not here to help

Barely 100 years ago at the start of the 20th century, people were able to exchange dollars for gold at their local bank. While gold was too hard to trade between people, banking institutions held gold and gave people cash for it. This was during what was known as the gold standard. Each sovereign currency’s…

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DeFi-ing expectations: Great opportunities in crypto can come at a price

While 2020 will go down as one of the toughest the world has faced collectively in many years, the success of the decentralized finance sector stands out as a major milestone for the cryptocurrency community.Amid the ongoing COVID-19 pandemic, economies have shuddered, and governments and financial institutions have had to introduce drastic monetary policies and…

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Bitcoin price dips below $18K — Time to watch these ‘whale cluster’ support zones

Bitcoin (BTC) price dropped below the $18,000 support level on Nov. 22. This comes after BTC continuously saw high over-the-counter (OTC) and institutional volume throughout November. BTC/USD 1-hour chart. Source: TradingviewData suggests that the growing institutional demand was likely one of the main catalysts behind the BTC price rally to $18,965.According to the data from…