Category: Cryptocurrency News

Bulls are in control as Bitcoin and the crypto market break every all-time high, coming into the top 10 is Terra’s native cryptocurrency LUNA with a 12.9% rally in the daily chart. Trading north of $40, at press time, this cryptocurrency has outperformed BTC and major altcoins in lower timeframes. However, LUNA could be just firing up its engines and getting ready for a fresh leg-up in the short term. The Terra ecosystem has been implementing major improvements to its ecosystem in the past months. Related Reading | Why The Terra Ecosystem Delayed A Major Mainnet Upgrade For Late September Therefore, LUNA could have multiple bullish reasons to continue to outperform the market. As researcher Ryan Watkins recently indicated, Terra is closed to implementing all 3 massive upgrades on its infrastructure. The Colombus-5 and Wormhole V2 upgrades have gone live, and the Inter-Blockchain Communication (IBC) protocol upgrade is set to roll out today, October 20th. As NewsBTC reported in August, Columbus-5 was delayed providing every actor on the Terra ecosystem with more time to prepare for the upgrade. Designed to introduce a deflationary mechanism for LUNA, this upgrade will increase Terra’s interoperable capabilities while creating more demand for its underlying asset. In the meantime, the Wormhole upgrade will operate as the communication component between Terra, Ethereum, Solana, Binance Smart Chain, and potentially more blockchains in the future. Related Reading | Why Terra (LUNA) Will Reward Users With New Community Bounty Program In addition, the upgrade introduced a user interface that will remove friction between the network value transfer capacity. Finally, the IBC protocol will allow Terra to benefit from “permissionless trans of tokens across chains”. The team behind Wormhole celebrated the achievement: Terra is known for its vibrant ecosystem, #LUNAtic community, and its decentralized stablecoin, $UST. Terra has grown at a dramatic rate in recent months, and we’re excited to unleash Terra innovation on the SOL, ETH, and BSC communities! LUNA Ready For Take-Off? Bull Market In Its Early Days Historically, tokens with interoperable capacities have performed well. Binance Smart Chain token BNB, integrated with its own burn mechanism, went from a low below $30 in 2020 to an all-time high above $600 on the back of its CeDeFi utility. Related Reading | Can LUNA Reach $170? This VC Fund Thinks It Has The Fundamentals Terra has another secrete weapon in its stablecoin UST. Talking about recent developments, Watkins claimed that the Terra ecosystem has built the potential for a new cross-chain trade boom. In September, the researcher made the following prediction: With Colombus-5 and Wormhole V2 going live in the coming weeks, UST growth will likely accelerate, setting it up to challenge DAI for the top spot among decentralized stablecoins. As seen in the chart below, Terra’s native UST has taken the decentralized stablecoin market by storm. Since February 2021, its dominance over this sector has skyrocketed and seems poised to continue the trend with an upgraded ecosystem. As Watkins pointed out, there are two main trends that will allow UST and Terra to grow: new capital coming into the ecosystem due to the upgrades, UST moving onto new platforms. In totality these catalysts could all drive a ton of new demand for UST in the coming months, which has already been the fastest growing decentralized stablecoin in 2021. pic.twitter.com/LxcTF6LHKJ — Ryan Watkins (@RyanWatkins_) September 15, 2021

Cboe is acquiring Erisx to enter the crypto spot and derivatives markets. “With Erisx, in a single step, Cboe is able to enter the digital asset spot, data, derivatives, and clearing ecosystem. Now is the right time to fully embrace and help define this emerging asset class,” said Cboe’s chief operating officer. Cboe Entering Crypto […]

Bitcoin’s breakout to $67,000 also sent the total crypto market capitalization to a new all-time high and is a signal that altcoins could soon embark on a new uptrend.

With Bitcoin's new all-time-high today, the fourth quarter of the largest ever bull year in cryptocurrency history is underway. Bitcoin's price could double, triple, or even quadruple from here, and many small-cap alts will follow with even greater gains. This subreddit is about to get a lot more popular as searches for information on cryptocurrencies…
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As we witness a new all time high for Bitcoin, it is worth reflecting on the things that have changed since its previous highest value. A vast majority of the reason for Bitcoin and other major alts reaching their highs back in May was little more than hype. Memecoins like Doge, and the rally of…
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CryptPad, an end-to-end encrypted office & collaboration suite, today announced the start of the roll-out of some major new features for CryptPad. The CryptPad team has integrated the two remaining OnlyOffice editors for text documents and presentations into CryptPad’s real-time encrypted collaboration engine. This completes the OnlyOffice suite, as spreadsheets have been available for some…
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Whats going on humans – I know on this sub we try to avoid talking price, but I was just wondering if anyone had any legitimate T.A. regarding the potential low of the next bear market? Thanks in advance! submitted by /u/RevolutionaryLand230 [link] [comments]

submitted by /u/Accomplished_Weird55 [link] [comments]

Soldex is thrilled to announce that it has officially partnered with Speqto Technologies to accelerate the development of it’s decentralized exchange (DEX) solution, and to build and program the A.I.-powered bots, that form part of the services offered by Soldex to the public. Speqto Technologies were selected as the vendor due to their extensive expertise […]

Blockchain technology remains the revolutionary aspect of cryptocurrency and the entire digital assets as a whole. It brought more innovations and popularity to the industry, which have attracted more users and developers. The use of blockchain technology is erupting within several mainstreams and sectors of the global economy. Recently, this amazing technology has found a useful application in the medical field. A Mexican medical firm, MDS, has launched a coronavirus testing service that utilizes blockchain technology to confirm its results. A local media report, iProUP news reported that MDS Mexico launched a digital result-profiled platform. This will enable its patients to access their results as updated in real-time. Furthermore, the physical delivery of the results comes with a QR code. Related Reading | Bitcoin ETF Check, What’s Next For BTC This enables scanning for the verification of the results. Also, from MDS Mexico’s blockchain, it’s very easy to access the vaccination history of a patient. Purpose For Blockchain Adoption According to its report, MDS mentioned that adopting blockchain technology is a means of safeguarding all the results of its clinical tests. Also, it will protect the personal data of patients as well prevent COVID test result falsification. The company explained that it commenced the certification of the SAR-CoV-2 detection tests via cryptographic signature and blockchain technology. This move eliminates the possibility of getting falsified negative results. Thus, the QR Code, which remains unalterable, unique, and immutable, protects the information and is verifiable globally. Moreover, the medical firm’s blockchain has uploaded testing results that contain a doctor’s cryptographic signature. This must be the doctor that verified the result of the test. Before now, there have been other companies in Mexico using digitized covid test results. One of such moves is the April announcement from Mexico’s National Chamber of Commerce (CANACO) of a state-sponsored initiation. According to CANACO, the initiative is a collaboration with Xertify, a private technology company, for the digitalization of vaccination passports. For this initiative, there are some requirements from the beneficiary. These include their official means of identification and proof of the vaccination from the Ministry of Health. Crypto market is at its all-time highs | Source: Crypto Total Market Cap on TradingView.com Also, a representative from the Xertify firm disclosed that his company is in charge of the vaccination receipt digitalization. He mentioned that this would help in its authentication in another language without falsification. Related Reading | Grayscale Investments Set to File for Bitcoin Spot ETF as Competition Heats Up Similarly, an Australian firm in August facilitated the use of a vaccine registry based on blockchain technology. The company opted for such an introduction to cut down the proliferation of counterfeit coronavirus vaccination certificates floating online. Through the blockchain-based registry, there will be a stop to the involvement of fraudsters selling fake COVID-19 certificates. Featured Image From Pexels and Chart From TradingView.com