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The creation of Defi is primarily focused on providing a platform that runs on blockchain and is independent of other external centralized institutions. Mainly Defi platforms are supposed to be completely decentralized, and they help complete serious tasks by leveraging smart contracts.  According to Charlie Lee, the creator of Litecoin (LTC), however, there is a high chance that centralized networks can be linked with a significant portion of Defi. Mr. Charlie suggested that it's vital for Defi to have a…

The  XRP/USD  pair price fell from over $0.3200. The decline extended under $0.3000, and it may keep up the downtrend in the near term. Over the past three to four sessions, the pair has faced increasing bearish pressure below $ 0.3200. As a result, the price is moving below $ 0.3050 and bearing $ 0.3000. It also closed with support of $ 0.3000 and the 100 hourly SMA. That's down more than 10 percent to $ 0.2677. The pair recently…

Bittrex moved Bitcoins worth tremendous value from its central exchange to another wallet. However, Bittrex returned the coins to the initial wallet with the two huge transactions costing almost nothing. The deal took place earlier today and included a transfer of 48,952  BTC (valued at $491 million), as shown by blockchain records first recorded by Whale Alert via Twitter. Interestingly, Bittrex paid a fee of $ 1.51 for two large transactions. The first and second are $ 0.67 and $…

China is quarantining used banknotes to stop the spread of coronavirus, as reports have stated. The crypto community is talking and making suggestions about fixing the issue using Bitcoin as payment means. Wuhan, Hubei Province reportedly recorded around 15,000 new cases in 24 hours and 242 recent deaths following a change in diagnostic methods on February 13. The government is underreporting the numbers, as Dovey Wan of Primitive Crypto on Twitter claims. The most recent BBC report lists 2,009 new…

The price of the BTC/USD pair fell sharply below the USD 10.5,000 barrier mark. Even so, the price remains above the $ 9.8k base support and could see a new rally soon. The pair maintained buying sentiment over the $ 10.3,000 zone the previous week. The rally grew to $ 10,5,000 and reached levels above the SMA 100. It hit a new 2020 high of $ 10,507 eventually before initiating a downward correction. The pair appears to have tried to…

During the long cryptocurrency winter, NEO seems to have fallen by the side; however, two crypto analysts said the firm could be ready to rise. As per TraderXO, NEO might break out and experience an incline. NEO is a competitor regarding smart contract platforms, hence its popular name, the “Chinese Ethereum”. The price of NEO was $8.72 at the start of last year, and currently, it upsurged by 75% to $15.29. Crypto Analysts Views on NEO According to TradeXO, NEO…

IBM plans to develop a  blockchain-powered proof-of-concept (POC) for the Food Safety and Inspection Service (FSIS). The purpose of the PoC, in this case, is to enhance the export certification process. FSIS ensures that the US commercial supply of meat, poultry, and egg products reaches safety standards. Additionally, this agency observes the inefficiencies in a legacy system involving regulatory processes and complex multi-country documentation requirements. Why FSIS Needs a Blockchain-based PoC According to FSIS, its focus is on the modernization…

The Commodity Futures Trading Commission (CFTC) recently filed charges against Denver Local Breonna Clark and Venture Capital Investments Ltd. As per CFTC’s statement on the 14th of February, the two firms defrauded investors and did not register with the agency. Additionally, there were claims by Clark and Venture Capital Investments Ltd on the management of a forex and cryptocurrency trading pool, persuading US participants to involve themselves in it for alleged financial gain. More on What the Fraud Involved CFTC…

Since December 2019, Bitcoin price is still surging from $6.4k to $10550 this week, as per Tradingview data. The coin experienced over 60% gains and performed better than other assets apart from ETH, XRP, and Tesla. Following the Bitcoin's incline, Mike Novogratz, the CEO of Galaxy Digital, explained the currency's upsurge to CNBC's "Closing Bell '' panel. Novogratz says that liquidy accelerates the crypto's uptrend. He said that low-interest rates set up by Central Banks and people pumping in money…