Binance’s CZ Says Crypto Price Fluctuations Normal as Industry Is Still Growing

Changpeng Zhao, the CEO of the popular crypto exchange Binance, has said it might take Bitcoin some months to a couple of years to get back to the all-time-highs previously reached by the coin. ChangPeng told Guardian ePaper, a UK-based news outlet, that he believes if investors in 2018 were told that Bitcoin would be $20k in 2022, they would have been very happy. However, he admitted that the current $20k price of Bitcoin is low considering its previous highs. CZ said, “I think given this price drop from the all-time…

Read More

Is $1 billion a day in volume the ‘new normal’ for Uniswap?

Leading decentralized exchange, or DEX, platform Uniswap continues to lead the sector as it nears an average of $1 billion a day trading volume for the month of January. Only two-thirds of the way into the month and the platform has already surpassed the previous monthly trade volume record of $15.3 billion set in September during the DeFi boom. The DEX passed $17 billion as of this morning and is on track to surpass $25 billion by the end of January with a daily average of $855 million. Uniswap traders…

Read More

OKEx resumes normal function, but withdrawals still closed

Crypto exchange OKEx announced that both its fiat-crypto purchase capabilities and P2P outlet have reopened. Withdrawals still remain closed, however. “The OKEx P2P platform will resume trading on Oct. 21, 12:00 pm (UTC) for CNY, INR and VND fiat pairs, and the Buy Crypto fiat gateway will also be reactivated at the same time,” OKEx said in an Oct. 21 announcement, adding: “Please note that cryptocurrency withdrawals are still temporarily suspended and the ‘Sell Crypto’ option is not available.” The exchange noted that “other functions are up and running,” in…

Read More

Decentralization the norm as workplaces adjust to new normal

2020 will forever be remembered as the year of COVID-19, but there is no telling what the long-lasting effects of the pandemic will be on the global economy. Around the world, countries have been forced to shut down their local economies, with people having to shelter in place in order to observe the social distancing measures needed to curb the spread of the coronavirus. The immediate result of these measures has varied from country to country, but a common trend has been many companies and businesses having to fundamentally change…

Read More

In COVID-19’s Wake, the New Normal Creates Crypto Opportunities

The COVID-19 pandemic has been a challenge for everyone, but it has created many opportunities for us in the blockchain industry. In most industries, sales vectors are declining, as bankruptcies and layoffs rule the day. But companies in the crypto and blockchain space have been expanding, hiring and applying for new licenses.  The pandemic has caused suffering in this industry, as in others, but the fundamentals of crypto are better than those of traditional financial markets. We will experience some reshuffling, but the crypto and blockchain industry will become stronger…

Read More

How Brands Take Blockchain From Niche to Normal – Cointelegraph Magazine

Dapper Labs – the company behind CryptoKitties – has a simple mission. They want to introduce a billion people to blockchain. “The reason we decided to go for entertainment — specifically games — is because we felt that it’s just a much easier way to introduce folks to decentralization,” explains co-founder Mik Naayem. “Gamers are the perfect target market as they already understand virtual currencies and virtual worlds.” In November 2017 CryptoKitties was Dapper Labs’ Trojan Cat, and the game introduced the revolutionary concept of NFTs (Non Fungible Tokens) to…

Read More

Bitcoin’s Boring Again. Is $10,000 BTC’s Yawn-Worthy New Normal? – CCN.com

Bitcoin’s suddenly boring again. Has $10,000 become the yawn-inducing new normal for BTC, or will the market wake back up soon? | Source: Shutterstock After bitcoin’s parabolic renaissance sparked hopes of new highs back in April, the expectation of BTC reclaiming $20,000 has become a fleeting reality. In recent weeks, bitcoin has sluggishly ranged between $10,000 and $11,000, causing its trademark volatility to vanish. Tranquil Bitcoin Market Leaves Traders Daydreaming of More Volatile Times Research from cryptocurrency fund manager Blockforce Capital reveals that BTC volatility is currently languishing at a…

Read More