BTC

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…

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…

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…

Switzerland leads when it comes to cryptocurrency advancement. Currently, many Switzerland bankers believe Bitcoin is certainly suitable for Switzerland's financial and banking sector. On a recent podcast, Phil Dettwiler of SEBA Bank AG stated that Bitcoin is truly an investment opportunity because it is a store of value. Likewise, Bobby Lee recently said that bitcoin's price would reach $ 1 million or more and said that it was the opportunity of a lifetime. Crypto Banks Have Been Making Effort Recently,…

The BTC/USD pair has maintained its upswing, getting closer to the $10.5k mark. There are, however, exhaustion signals from the pair, creating a possibility of some few points of decline preceding further upswings. BTC Bullish Run The week saw the pair bounce back strongly, surpassing the $10k hurdle. With a continued price surge, the $10.2k and the 100 hourly SMA were categorically broken. A recent bullish run pushed prices ever closer to the daunting $10.5k barrier. Even though, the bullish…

The BTC/USD pair has started 2020 on a high note, grossing at $10,406. The BTC's current focus, on a wave of a new bullish run, is to gloss at just over $10.5k in the near term. The BTC Price Trend Generation The near past hasn't been so friendly, however. Prices slumped to beneath the $9,850 support, after having hit $10k earlier. The features even dropped to the murky $9.7k zone creating a somewhat modest rallying base. A new upsurge however…

Good news for Litecoin holders, they can now earn up to 10 percent interest on assets thanks to a strategic partnership. The Litecoin Foundation announced this on the 10th of February 2020. It states that it is partnering with Cred, a California based crypto lender to enable the borrowing and lending of Litecoin. About The Deal This financial services support is global, available to all holders of the crypto in at least 190 nations. Litecoin holders now get to make…