As with all business environments, there are projects that have managed to continue thriving despite the grim prospects of the future. Consequently, such projects will slowly but surely start the process of absorbing less successful projects as seen more often in traditional business settings.
In brief: The team at Tron had been working on a DeFi platform known as Djed. The Mainnet was launched today, April 4th. The DApp has been rebranded to JUST. Decentralized Finance, or simply DeFi, has been one of 2020’s highly anticipated use cases of cryptocurrencies and blockchain. As the name suggests, DeFi plans to revolutionize how lending, borrowing, saving and investing is carried out on the blockchain through the use of smart contracts. Initially, all the DeFi applications were […]
In brief: Bitcoin exhibited some bullish momentum earlier on in the week. BTC traded briefly at $7,200, dropped below $7,000 and then attempted, with no success, to reclaim this level as support. However, we are back in familiar territory with $6,900 being the level to overcome once again. On April fools day, keen crypto traders managed to identify $6,200 as a good support zone for Bitcoin and rode the $1,000 move that soon followed. The King of Crypto traded briefly […]
As the Tron Mainnet celebrates its second anniversary, its robustness has been noted by keen community members. One of the reasons for its solid codebase is the currently ongoing bug bounty program on Hackerone.com.
With respect to the crypto exchange of Binance, the team has consistently made valuable additions to the products and services offered by the platform.
In the case of XRP, the coin has managed to bounce back from what looked like a certain decrease in value. The coin is currently trading at $0.1766 and looks set to maintain current levels or continue on a bullish trajectory.
The Factom-based stablecoin network PegNet is fast approaching $1 billion in total conversions, elucidating its massive rate-of-growth and fundamental adoption
In conclusion, our favorite alt-coin of Ethereum looks set for a bearish few days based on the observation of decreasing trade volume, a wedge about to resolve to the downside and a death cross forming on the daily chart.
The 6-hour BNB/USDT chart has revealed to us that the prominent alt-coin has formed a rising wedge with an upper boundary of around $13.50.
Taking a closer look at the behavior of Bitcoin’s, we experience a moment of deja-vu with $6,000 acting as the much-needed support for the digital asset. Such behavior by Bitcoin was last seen between February and November 2018.
In a span of a week, the two derivatives platforms of KuMex and ByBit have launched Bitcoin perpetual contracts denominated in Tether (USDT).
Firstly, a death cross has formed as can be seen with the 50 (white) moving average, crossing the 200 (green) moving average from above.
Lately, we have seen that BTC is heavily correlated to the S&P 500 and a move down by the latter asset will most definitely have a ripple effect on Bitcoin.
The only assets that will be used to top up the card will be Bitcoin and Binance Coin. This, in turn, means BTC and BNB will have additional utility in the Binance Card app thus increasing demand for the two assets.
Trading of DGD will cease tomorrow, 27th March, at 12:00 UTC. The token will consequently be delisted. A snapshot of DGD holdings will be taken on the 28th of March 2020, at 16:00 UTC.