Allo secures $100M Bitcoin-backed credit facility

RNS.ID’s on-chain KYC solution is designed on a “privacy engine” to encrypt users' data. 201 Total views 1 Total shares RNS.id, a digital Web3 identity platform developed to support the application and issuance of sovereignty-backed IDs, announced on Nov. 30 that it is integrating with zkSync for on-chain KYC. RNS.ID indicated in a release shared…

Twitter is bearish, abuzz with chatter of a descending triangle that is forming on the Bitcoin (BTC) chart and with comparisons to the descending triangle that broke down in 2018 at $6,000. Twitter is often wrong. Let’s first define the descending triangle.A descending triangle is among the most famous classical “bearish” chart patterns used in technical…

Crypto exchange Binance has added Circle’s USD-pegged stablecoin USD Coin as a quote asset for several new trading pairs in its combined Stablecoin Market (USDⓈ). The exchange has announced this in an official post published Dec. 14.USD Coin (USDC), first announced by Goldman Sachs-backed Circle this May, and released in September, is one of a…

Origin Protocol has announced its yield-generating stablecoin protocol, OUSD, has been hacked and drained of at least $7 million 1105 Total views 14 Total shares Origin Dollar (OUSD), the yield-generating stable token launched by Origin Protocol in late-September, has been hacked to the tune of $7 million.On Nov. 17, Origin Protocol founder Matthew Liu announced…

Bitcoin (BTC) may see a “market correction” should BTC price action go much beyond $33,000, research warns.In the latest edition of its weekly newsletter, “The Week On-Chain,” analytics firm Glassnode flagged speculative selling risk on the horizon.Bitcoin speculator profits average 12%Bitcoin short-term holders (STHs) — the more speculative BTC investors — have returned to the…

Bitcoin (BTC) regained fresh ground on April 21 after bears failed to gain control of short-term price action overnight. BTC/USD 1-day candle chart (Bitstamp). Source: TradingViewTrader: Holding $42,300 could open up path to $50,000Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching new local highs of $42,455 on Bitstamp Thursday.With the Wall Street open still…

The need to update Ethereum clients comes as the Bellatrix upgrade is set to enable the Beacon Chain to execute transactions. 11280 Total views 112 Total shares As many as 73.5% of Ethereum nodes are now marked as “Merge ready” ahead of the upcoming Bellatrix upgrade for Ethereum on Tuesday, according to data from Ethernodes. The…

10x Research’s Markus Thielen says one stablecoin metric is key to indicating institutional interest in Bitcoin, but it’s not flashing green right now.

Ether price must still overcome the key $2,700 resistance before positioning for a breakout above $3,000 in Q4 2024.