Zero Collateral: $138 Million in Defi Flash Loans Issued in 24 Hours

July 30th, 2020

The decentralized finance (defi) realm continues to heat up with concepts like yield farming, but another scheme called defi flash loans has also grown exponential. On Monday, the noncustodial lending protocol Aave issued $138 million in loans with zero collateral. Since the last week of June, defi flash loans have increased by 809% as the…

Ethereum Price Forecast: ETH/USD Symmetrical Triangle Breakout To $400 In The Offing

July 30th, 2020

Ethereum bulls have for most of this week’s trading found it increasingly difficult to hold the price above $320. Note that, earlier in the week, Ether ascended to a new 2020 high around $314. Unfortunately, a reversal ensued, forcing ETH/USD to seek support at $305. Meanwhile, another short-lived recovery took place with Ethereum briefly trading…

Ripple Price Forecast: XRP/USD New Bullish Setup Leaves Bitcoin and Ethereum In the Dust

July 29th, 2020

As Bitcoin and Ethereum rallied on Sunday and Monday, Ripple only managed to clear a couple of resistance zones including $0.21 and $0.22. A seller congestion zone at $0.2250 became the pivot point. XRP/USD retreated to seek support at the former resistance ($0.21). The ascending channel aided in controlling the impact of the selling pressure….

Ethereum Price Creates GPU Shortage, Some Manufacturers Blame Nvidia

July 29th, 2020

During the last four weeks, cryptocurrency markets have gathered significant value, and the crypto asset Ethereum gained over 40% during the last 30-days. The price of ether moving northbound has caused a strain on the graphics processing unit (GPU) market, as ETH miners have become scarce. Regional reports stemming from China explain that GPU miners…

Ethereum Price Forecast: ETH/USD free-falls in tandem with Bitcoin, can $300 hold?

July 28th, 2020

Ethereum surprised many with its incredible rally from last week but particularly on Sunday. The second-largest digital asset cleared the resistance at a key symmetrical triangle. This coupled with increased trading activity, especially for Bitcoin, sent ETH/USD upwards past $300 and $330 levels. For the first time in 2020, ETH/USD traded above $300. The trading…

Exploring Decentraland: A Review of the Virtual World Built on Ethereum

July 27th, 2020

During the last two weeks, I’ve been roaming around the virtual world Decentraland in order to get some perspective on the platform supported by the Ethereum Blockchain. The following is a review of my experience in Decentraland and observing all that has been built since it was invoked over four years ago. Four years ago,…

NBA Point Guard Spencer Dinwiddie’s Tokenized Contract Raises $1.3 Million

July 24th, 2020

NBA player Spencer Dinwiddie has finished the token sale of his contract that is hosted on the Ethereum blockchain. The sale of Dinwiddie’s tokenized contract raised $1.3 million which was only a tenth of what the project hoped to sell ($13.5 million). Even though the Brooklyn Nets guard Spencer Dinwiddie put a lot of energy…

Ripple Price Forecast: XRP/USD Crumbling To $0.20 After Hitting $0.21 For The Second Time In July

July 24th, 2020

Ripple has tried extremely hard not to be a mundane cryptocurrency in terms of trading in July. First, the fourth-largest altcoin recovered from the losses incurred in June where levels at $0.1690 were refreshed. The price action consistently climbed several barriers in the first week of July but hit a wall marginally above $0.21 in…

Ethereum Price Analysis: ETH/USD Leaves Altcoins In Dust As It Joins Bitcoin’s Rally, Eyes On $280

July 23rd, 2020

Ethereum trading remained mundane for several weeks in spite of strong fundamentals within its network. While other altcoins rallied, Ethereum persisted in a range that was broken at some point last week pushing ETH/USD to find support at $228. Following that, recovery from the dip was steady and gradual until a massive breakout came into…

After MasterCard, VISA Announces Plans Around Crypto Development

July 22nd, 2020

After MasterCard’s recent announcement on expanding support to cryptocurrencies, VISA has laid out a similar press release willing to keep up with the competition. VISA is planning to make it quicker and easier to spend digital currency worldwide.  According to their announcement, around the world, more than 25 digital currency wallets have linked their services…