Ethereum longs on Bitfinex have increased 170% since breaking into record highs during late February. The number of Ethereum (ETH) longs has continued to surge after breaking into all-time highs at the end of March. Despite the broader crypto markets posting price gains alongside Bitcoin (BTC) in recent weeks, the number of open longs remains…
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As Ethereum prepares to shift to a PoS blockchain, interest in staking crypto is growing. Here is a list of the biggest blockchain staking platforms. The debate over which consensus algorithm is right for blockchain is long overdue. While proof-of-work remains popular with Bitcoin (BTC), interest in proof-of-stake protocols has been picking up speed, especially…
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Ethereum’s co-founder recently tipped his hat to EOS for its niche-carving efforts. In a recent series of tweets, Ethereum co-founder Vitalik Buterin gave a nod of approval to competing blockchain EOS with regard to the niche they are trying to carve out. “If I were designing a new chain to live alongside Bitcoin and Ethereum, I would take…
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The action in altcoins has become coin specific, meaning, traders should remain with those that are in an uptrend as they are likely to follow Bitcoin if it moves higher. A month after the first halving, Bitcoin (BTC) moved up by 7% but following the second halving, the price slipped by 10% in a month.…
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Most transactions on XRP, EOS, and XTZ do not transfer any value, according to a new research study. Research has found the vast majority of transactions on EOS, Tezos and XRP do not transfer any value. According to a research paper released on pre-print site arXiv, only 2% of transactions on the XRP ledger and 18%…
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Several major cryptocurrencies are facing selling at higher levels but the fact that traders are buying on the dips suggests further range-bound action is likely. Jefferies Greed & Fear email written by Christopher Wood recommends both retail and institutional investors buy Bitcoin (BTC) ahead of the upcoming halving which is less than eight days away.…
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Block.one has patented monetizing every post on a social media network using tokenized bidding and blockchain-based analysis to determine a post’s originality Block.one, the company behind the EOSIO protocol (EOS), has been awarded a patent for a blockchain-based bidding system for promotional exposure tied to popular social media posts. The U.S. Patent and Trademark Office…
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Most major cryptocurrencies are facing resistance at higher levels, meaning a few days of consolidation could be needed before the rally can resume. The total crypto market capitalization has jumped from about $198 billion on April 22 to over $263 billion on April 30. This 32% rally in roughly eight days shows that investor sentiment…
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Accounting firm Grant Thornton will record intercompany transactions for its clients on the EOSIO blockchain, capturing a small slice of an area worth $40 trillion annually. Major U.S. accounting firm Grant Thornton is moving all of its clients’ intercompany transactions to the EOSIO network. Grant Thornton’s new inter.x platform uses blockchain technologies to provide transparency…
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Block.one have invested $50,000 into Genobank’s Telos-based coronavirus and DNA testing application. Block.one, the company behind EOSIO (EOS), issued a $50,000 grant to Genobank for its open-source app on April 29. The grant is designed to facilitate anonymous access to COVID-19 testing. Genobank announced at the start of April that its app, Agerona, was being…
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