5 on-chain trends show Bitcoin fundamentals are “incredibly good”BTC $12,843 (-1.6%) • ETH $407 (-1.9%) • XRP $0.25 (-3.1%)
Bitcoin is roaring higher after weeks of consolidation in a $1,000 range between $10,000 and $11,000. The leading cryptocurrency currently trades for $13,000, its highest price year-to-date, save for a quick blip above $13,200 on Wednesday. Underpinning this surge higher is a set of on-chain fundamentals and narrative fundamentals that are set to drive the price of the coin even higher in the future. 📈 Trending … DeFi Tokens • Oracle Tokens • Biggest Gainers • Stablecoins More news ⏬Why an analyst thinks Thorchain (RUNE) will benefit from a PayPal BitGo acquisitionThe biggest crypto news event of the last day is the report from Bloomberg that PayPal is looking into acquiring BitGo, one of the industry’s leading digital asset custodians. Synthetix founder calls Bitcoin’s weekly chart the “most bullish thing” he has seenBitcoin’s price action over recent weeks and months has undoubtedly been bullish. Economist: DeFi prices to trend higher as Bitcoin creates tailwind for beta assetsThe DeFi sector has been struck hard by the recent market-wide downturn seen throughout the past couple of months. This WordPress plugin will allow authors to timestamp content on the Ethereum blockchainAmsterdam-based WordProof announced today it will allow customers to timestamp content on the Ethereum blockchain, it said during the BlockDown Conference 2020 on October 22. Akon’s social ecosystem cryptocurrency ‘Akoin’ will begin trading on Bittrex on November 11Akoin, the cryptocurrency developed by renowned popstar Akon to improve social opportunities and access for African entrepreneurs, has announced its premier listing on crypto exchange Bittrex, as per a release shared with CryptoSlate. Vitalik Buterin discusses the values and ideas that formed Ethereum 2.0With Ethereum 2 expected to ship in the near future, the values that underlie the world’s second-largest blockchain have become increasingly important. Shout! Factory brings cult TV classics to THETA.tv in latest partnershipDecentralized video platform THETA.tv is partnering with cult TV company Shout! Factory as the business expands channels and content available on its platform. Waves announces ERC20 interoperability with Ethereum networkWaves.tech, an ecosystem of next-generation technologies built on the Waves protocol, has ported its native token WAVES into Ethereum to enhance interoperability between the two networks and introduce Waves functionality to Ethereum users, the firm said in a release shared with CryptoSlate. This Yearn.finance (YFI) “competitor,” Harvest, just hit $1,000,000,000 in depositsMost investors lack the knowledge, time, and spare Ethereum to yield farm for themselves. Featured event
Virtual Blockchain Conference BlockDown is back for a third edition this Halloween (Oct. 22-23) with a host of the blockchain world’s biggest and brightest stars lined up to deliver ground-breaking keynotes and spark informed and fierce debate on the industry. Whilst the virtual conference space has been saturated in recent months, BlockDown Conference has consistently delivered the best content and is a must for any avid crypto enthusiast. 🗞 Got a story tip? Email tips@cryptoslate.com 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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5 on-chain trends show Bitcoin fundamentals are “incredibly good”