China stocks are pumping like crypto, and analysts say it’s bullish for BitcoinBTC $9262 (+2.5%) • ETH $237 (+5.3%) • XRP $0.185 (+5.3%)
Dramatic moves in Chinese stocks over the past week are causing analysts to draw comparisons with 2015’s bubble. Reports state retail traders across China are actively searching for high-risk, high-returns in traditional assets. As a consequence, however, this may cause upward movement in the crypto markets, say observers.
More news ⏬Kyber Network (KNC) joins the DeFi party with Katalyst launch
Katalyst, the protocol upgrade for Kyber Network that allows KNC token holders to earn yield and participate in economic decisions on the Kyber Network, goes live on July 7. Thanks to our premium sponsors⭐️ Cred - Cred is a global financial services platform serving customers in 183 countries. ⭐️ OKCoin - OKCoin is one of the world’s first and largest regulated crypto exchanges, with millions of users in more than 100 countries around the world. ⭐️ Paradox Group - Paradox is the Official Advertising Partners of CryptoSlate and specialises in Marketing and Blockchain Advertising. Ahead of MimbleWimble testnet, Litecoin (LTC) devs are solving key issues
Mempool logic for implementing MimbleWimble on Litecoin has turned out an area “a bit more complex” than earlier anticipated, causing revision to the underlying code for this aspect. Ethereum is still easily beating Cardano, EOS, Tezos, and Tron in terms of usage
If you talk to the supporters of smart contract projects such as Cardano, Tezos, EOS, and Tron, they will say that their respective blockchains are the best. Despite Chainlink adoption, a crucial LINK metric is reaching “dangerous” levels
Of all leading cryptocurrencies, Chainlink (LINK) has seen some of the strongest adoption-related news over recent weeks. Multiple reports have been released about the project’s oracles — its flagship product — being integrated by prominent firms and blockchains in the industry. Why the DeFi sector’s outperformance of Ethereum may not last for long
The rapidly growing Ethereum-based DeFi sector has been generating significant buzz within the crypto industry, seeing massive inflows of new users and investors that have created growth typical of that seen during bull markets. Bakkt volume soars by 17% as institutional interest in crypto flourishes
Bitcoin and the crypto market’s multi-month consolidation period have provided investors with an accumulation opportunity, and it appears that institutional and retail investors have both taken advantage of this. DeFi’s Compound (COMP) has crashed 50% in two weeks—and it may drop further
When Ethereum-based finance protocol Compound launched its native token COMP in June, it traded at $30. Analyst: The only way competitors can “kill” Ethereum is non-USD stablecoins
Ethereum is by far the leader in the smart contract blockchain space. There’s no end in sight to XRP’s downtrend as transaction volume wanes
XRP has been struggling to ward off the heavy selling pressure it has been facing since late-February, with its buyers being unable to spark any type of notable rebound from its mid-March lows. Crypto market dataFor more pertinent market data, please see: Connect with usDisclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to content within this article.
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segunda-feira, 6 de julho de 2020
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China stocks are pumping like crypto, and analysts say it’s bullish for Bitcoin