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Exchanges in the news

Check out our new platform: https://thecapital.io/ This week in Bitcoin Looking back over a rather slow news week in crypto, BTC chopped sideways briefly trading down at $10,150 before recovering over the weekend to test $11,000. Importantly BTC has stayed trading above the psychological $10,000 for a record 9 consecutive weeks. As stated in previous weeklies, we wouldn’t mind seeing BTC continue to track sideways and use the macro downtrend line as support and resistance until price meets the log long term trendline in Jan 2021 — as the old Wall Street saying goes, ‘’the bigger the base, the higher in space.’’ Building a base above $10,000 is significant. Even though BTC traded at the lofty high of $19,891 in Dec 2017, the nature of parabolic moves means the time spent at the apex of the parabola was tiny (a few hours) resulting in very few traders being able to actually exit positions or trade at the elevated levels. Despite the all-time high’s importance being ingrained...

‘DeFo’ staking enabled for Waves' Neutrino stablecoins

Crypto traders can earn passive income through Neutrino stablecoin staking. U.S.-based cryptocurrency exchange Waves.Exchange, which supports the price-stable multi-asset Neutrino protocol, is introducing a way for crypto traders to earn passive income through stablecoin staking. According to a Sept. 29 announcement from Waves, the exchange has expanded its tokenized assets ecosystem to include seven different Neutrino stablecoins — synthetic versions of national currencies — through a decentralized foreign exchange market, or 'DeFo'. Holders of the Neutrino US dollar (USDN), euro (EURN), yen (JPYN), yuan (CNYN), ruble (RUBN), Ukrainian Hryvnia (UAHN) and Nigerian Naira (NGNN) can reportedly get up to 15% annual percentage yields (APY) through staking. Users can also receive up to 20% by providing liquidity to the stablecoin pools. According to Waves, there will be no penalties for withdrawals. Unlike centralized fiat-collateralized stablecoins, where holders have to trust...

'No coiner' TikTok star launches finance podcast with Bitcoin bull Pomp

‘I do believe crypto is its own asset class and one worth exploring,’ said the TikTok star. A 21-year-old social media star famous for his TikTok videos is entering the crypto space, guided by Bitcoin bull Anthony ‘Pomp’ Pompliano. Bryce Hall has launched a finance podcast with Pompliano called “Capital University”. Unlike Pomp’s regular podcast, which is focused on business, investing, and promoting Bitcoin ( BTC ), the joint venture will cross the generational divide, as the 32-year-old Pomp learns how social media influencers are making money, while Hall learns tips about building generational wealth through investment strategies. “I just want to highlight the power and importance of diversification,” Hall told Cointelegraph. “I do believe crypto is its own asset class and one worth exploring. It is definitely the Internet’s version of gold with the caveat of having a known finite amount of units.” The TikTok star, who claims he has roughly 25 million followers between the s...

Digital payments increasing traction in Asia

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Ethereum’s 2.0 Testnet Validators Staked Nearly 2 Million ETH

Check out our new platform: https://thecapital.io/ 63,352 Validators With An Average Balance Of 31.74 ETH Have Been Activated On The Medalla Testnet The long-awaited Ethereum 2.0 network update has been under development for four years now, but the recent reveal of the Medalla testnet and the amount of staked ETH shows serious interest in ETH 2.0. According to data from beaconcha.in, over 60,000 validator nodes have been activated on the Medalla testnet, with a total amount of staked Ethereum being close to 2 million. Beaconcha.in data shows an increased appetite for the proof-of-stake algorithm upgrade. Source: Beacon Chain Ethereum’s community has been eager about the algorithm update because ETH 2.0 would come with a dramatic increase in transaction speed — from a current value of 15 transactions per second to reaching over 100,000. The low throughput of Ethereum’s network has been one of the greatest bottlenecks behind scalability, and also managed to skyro...

What Is SushiSwap and How to Buy It?

Check out our new platform: https://thecapital.io/ What Is SushiSwap (SUSHI)? The SushiSwap protocol is a hard fork of Uniswap, one of the most popular peer-to-peer trading apps for Ethereum coins in the decentralized finance (DeFi) sector. With a daily average trade volume of over $575 million, Uniswap was and still is Ethereum’s prevailing crypto swapping dApp. SushiSwap was founded by an anonymous developer named Chef Nomi. The idea that fueled the hard fork was to further build on Uniswap’s core design while adding community-oriented features and benefits to the users and developers involved in building the platform. The governance token of SushiSwap is called “SUSHI,” this idea carries on the tradition of another meme crypto, Dogecoin. Advantages of SUSHI Wide support from major exchanges. Since the launch of SushiSwap, its token has been widely endorsed by some major DeFi names: Binance and Huobi listed the token within days of its launch; Perks for loya...