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RSK Boosts Bitcoin DeFi with DAI Integration

The development team behind RSK and its Infrastructure Framework (RIF) has announced the integration of the DAI stablecoin to its Bitcoin-based smart contract platform. The addition of DAI to RIF further broadens the scope of decentralized finance (defi), expanding it beyond the Ethereum ecosystem and bolstering RSK’s existing defi capabilities. Two-Way Bridge Connects RSK to DAI DAI isn’t the first defi asset to be introduced to RSK; the network already features BTC-backed stablecoin such as RIF on Chain and even leveraged assets courtesy of Money On Chain. DAI brings new powers to the RSK network, however, via the best known...

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Crypto ATMs are ultimate necessities, but they must adapt to succeed.

Since the invention of the automated teller machine (ATM) in 1967 by British inventor John Shepherd Barron, traditional banking systems have experienced a tremendous shift. The invention has gone on the build confidence and convenience in the banking sector. Besides solving long-standing problems like long banking hall queues and slow cashiers, the technology has served as a bedrock for many more traditional banks' ideas. Similarly, cryptocurrencies and blockchain technology have steadily crept into every conversation, especially in financial technology. Initially deemed an impossible solution, the peer-to-peer method of conducting transactions is now trusted by millions of users across the globe....

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Can BTC/USD Establish a Base Above 10657.56? Sally Ho's Technical Analysis 8 October 2020 BTC

Bitcoin (BTC/USD) staged a recovery early in today’s Asian session as the pair again approached the 10700 level after trading as low as the 10524.00 area during yesterday’s Asian session.  Traders took the pair as high as the 10683.75 level during yesterday’s North American session, a test of the 10685.51 level that represents the 38.2% retracement of the recent depreciating range from 12086.00 to 9819.83.  Traders are paying close attention to some upside retracement levels including the 10697.05, 10714.92, 10797.88, and 10810.38 areas.  Other additional technically significant areas include the 10657.56, 10700.03, 10933.36, and 10956.34 levels.   Market sentiment appears to continue to...

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Crypto Price Analysis for Oct. 7: BTC, ETH, XRP, LTC, EOS

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex Cryptocurrencies are correcting again and many assets are forming Triangle patterns, which indicate some uncertainty in further movements. To start growing, each asset must break the pattern’s upside border. However, if the bearish pressure is way too strong and the pattern is broken to the downside, the cryptocurrencies may continue their respective descending corrections. BTC/USD may fall towards $8,000 and complete a bullish pattern, which may be followed by further growth to reach new highs. Bitcoin In the daily chart, Bitcoin continues the correction between $11,200 and $10,00. In general, bulls manage to...

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75,000 BTC withdrawn from the BitMEX exchange following charges from the CFTC

Quick take 1 minute read Unless you’ve been living under a rock for the past week, the CFTC in the United States brought the charges against the BitMEX crypto platform due to violating its securities laws including anti-money laundering protection.  Since the charges were slapped against the exchange, 75,000 bitcoins have been withdrawn from the exchange and it’s no surprise that that number is continuously going up. Unless you’ve been living under a rock for the past week, the CFTC in the United States brought the charges against the BitMEX crypto platform due to violating its securities laws including anti-money...

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