Rival

Dexalot Ready for Mainnet After Successful Testnet Launch

What is Dexalot? Dexalot is the first decentralized exchange with a central limit order book on the Avalanche blockchain platform. Sponsored Sponsored The Avalanche community has started testing the application in early August and it will be available on mainnet in the third quarter of 2021. With functionality and interface features that rival centralized exchanges, it is fast and easy to use. Sponsored Sponsored Dexalot runs on an on-chain central limit order book reaping the inherent benefits of blockchain technology’s non-custodial, decentralized, and permissionless nature. Key characteristics of Dexalot Central

XRP price chart ‘double bottom’ puts next bullish target at $1

Ripple's XRP token could hit $1 in the coming days, according to a classic technical chart setup.Dubbed a "double bottom," the trend reversal indicator appears after the price bottoms out at a level, rebounds toward a higher resistance level, and then pulls back to or near the first bottom level — only to rebound again to the previous resistance line (also called the "neckline").Should the price close above the neckline, an extended move upward is anticipated, the length of which equals the total height between the neckline and the bottom level. It

Ethereum Rival Polkadot Launches Polkastarter DEX and Liquidity Mining

A new decentralized exchange has emerged in the already-crowded DeFi space. The platform is being offered by the Ethereum rival Polkadot network. Dec. 15 marks the official launch date of the Polkastarter DEX. The platform has been designed for cross-chain token pools and auctions, with the purpose of enabling projects to raise capital on the Polkadot network. Polkastarter was officially announced in September when the project listed its native POLS token on Uniswap. It has now gone live with the first liquidity pool offering rewards for swapping ETH for POLS.

NFT Digital Art Collection Sells for Almost $800,000

We’ve just witnessed the biggest purchase of a blockchain-based digital artwork collection in history, smashing the previously held record by hundreds of thousands of dollars. The artist behind this historic sale is Mike Winkelmann who works under the moniker ‘Beeple.’ The auction for the BEEPLE: EVERYDAYS 2020 collection, which Winkelmann refers to as ‘THE COMPLETE MF COLLECTION,’ is a one-of-one curation of all the digital art creations Beeple made in 2020. When all was said and done, the collection sold for a massive $777,777.77. The auction took place on the

Coinbase Report Affirms ‘Killing Ethereum’ will Be Challenging

The DeFi ‘food farming’ frenzy this past Summer took its toll on the Ethereum network in terms of demand. As a result, a slew of rival platforms emerged and a new report from Coinbase has taken a deep dive into some of them. In its latest report in the ‘Round the Block’ series titled “ETH Killers and New Chains” published on Dec. 12, the U.S.-based crypto exchange Coinbase has taken a closer look at rising competitors to Ethereum in the smart contract space. A number of new DeFi-focused blockchains have

Defi Is Coming to Qtum as Ethereum Rival Launches $1M Defi Dev Fund

Blockchain smart contract network Qtum has become the latest ecosystem to woo Ethereum developers. Unlike many of its rivals, however, Qtum can boast compatibility with Ethereum’s EVM, meaning developers can port projects directly over. On August 17, the Qtum Foundation announced a $1 million DeFi development fund that will be allocated to solo devs and teams seeking to create scalable DeFi dApps. Qtum is not the first blockchain platform to lay down the red carpet to DeFi devs; Matic Network recently issued a similar call, with a generous grant program

$99 Gas Fees on Ethereum Are Crippling DeFi’s Growth

The surging popularity of decentralized finance (DeFi) protocols on Ethereum (ETH) has contributed to skyrocketing fees, with the network processing an all-time high of $6.87 million in total fees yesterday. Speaking to Cointelegraph, Synthetix (SNX) founder and CEO, Kain Warwick warned that high fees were impacting the growth of DeFi, stating:“In the last three months, we’ve gone from an environment where DeFi was expensive to use and a little bit slow, to now, [where] for a lot of people it’s prohibitively expensive.”Ethereum fees have spiked nearly 100% over the past 24

Two Macro Calls That Could Propel Bitcoin to $14,000 This Year

Bitcoin may hit $14,000 in the coming quarter. The analogy appears out of two extremely bullish calls made for the US dollar and Gold. Bitcoin has shown an extreme correlation with the two macro assets this year. Bitcoin may have some fuel left to continue its 2020’s run-up towards the $14,000-mark. The level–last approached in 2019 against the backdrop of an escalating US-China trade war and falling yuan– has fallen back into the radar of Bitcoin bulls. Only this time, the weakening US dollar has replaced its Chinese counterpart as

CoinGecko CEO: ‘Hard for CoinMarketCap to Stay Neutral’

Just one week after exchange Binance announced its acquisition of CoinMarketCap (CMC) — one of the most-referenced crypto data websites — some prominent figures in the crypto community are speaking out.Bobby Ong, Co-founder and Chief Executive Officer (CEO) of CoinGecko, gave an interview to My Two Gwei on April 6. Among the topics discussed was the crypto data website’s $400 million acquisition and the role it may play in the future. Ong highlighted his company to “uphold data integrity” in the face of “many new exchanges… faking their volume.” One of

Vonage Co-Founder Launches Decentralized Videochat App to Battle Zoom

Jeff Pulver, a Voice Over Internet Protocol (VoIP) pioneer and the co-founder of Vonage, has launched a decentralized application (dApp) that claims to provide the “most secure end-to-end business communications network” available.The move follows reports last week that rival videochat app Zoom exposed personally identifiable information and private conversations on the open web.Centralized data storage provides a centralized point of failureAccording to Pulver, the problem with existing communication solutions is that they route all business and personal data through one central point. This creates a huge security threat to confidential

Tether CTO Praises Company’s Own Coin, Takes A Shot At Others

Earlier this month, at the CryptoCompare Digital Asset Summit that was held in London, the CTO of Tether, Paolo Ardoino, gave a public statement about the future of DeFi. According to Arduino, the DeFi industry as a whole is facing a risk to its entire system, due to the fact that it only leverages the value from the cryptocurrency industry.Low-Brow TacticsIn a move that sounds suspiciously like an attempt to slander one of Tether’s rival stablecoins, the Dai, he talked about the volatility of the crypto industry as a whole.