Author: Bitcoin Champs

Coinbase to ‘decompose’ its application server in wake of recent outage

Coinbase says it will divide up its application server into separate services in an effort to “reduce the blast radius” following an outage last week that impacted the API used for the exchange’s website and mobile apps.  The Coinbase team said Friday that by “decomposing” its application server, it could have different scaling profiles for…


NYPD details its use of cryptocurrency transaction analysis in policy document

The New York Police Department (NYPD) published a six-page document that outlines its use policy for cryptocurrency transaction analysis last week. The NYPD’s use of such tools, sourced from unnamed “approved vendors,” was not publicly known until now. The disclosure comes as part of a broader release of impact and use policies related to its…


Social tokens and the future of media

© 2021 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.


January’s decentralized exchange volumes are on track to reach record highs

This month’s decentralized exchange (DEX) volumes are set to break September 2020’s record highs. According to data compiled by The Block, current DEX volumes for January 2021 are $26.01 billion with 15 days remaining for the month. In September, DEX volumes reached $26.6 billion fueled by DeFi Summer.    Uniswap currently makes up 44.85% of…


Optimism’s Ethereum-based scaling solution has soft launched on mainnet

Optimism has launched its Layer 2 scaling solution, the Optimistic Virtual Machine (OVM) on the L2 Optimistic Ethereum (OΞ) mainnet, Synthetix announced Friday.  The first trial run is with decentralized exchange protocol Synthetix, which is now live on the OΞ mainnet. This means holders can now stake the protocol’s native token, SNX.  According to the announcement,…


Top Crypto Analyst Betting on Select Group of Altcoins, Says DeFi Bull Run Will Make 2017 Look Like Child’s Play

A popular crypto trader says the decentralized finance (DeFi) sector of the crypto market is poised to go through a moon phase that will put 2017’s extended bull run to shame. The pseudonymous trader known in the industry as Altcoin Psycho tells his 82,000 Twitter followers that buying DeFi assets is similar to buying Ethereum…


Ark Invest’s Cathie Wood Says Big Tech Firms Exploring Bitcoin

Ark Invest founder and CEO Cathie Wood says she is expecting a new wave of institutional investors to put Bitcoin on their balance sheets. In an episode of ARK Invest’s In the Know series, Cathie Wood says she is witnessing a spike in institutional interest in Bitcoin. Wood bets that big companies, especially tech firms,…


Unprecedented Crush of Wealthy Investors Are Flocking to Bitcoin, According to On-Chain Analyst Willy Woo

A wave of high-net-worth investors are buying Bitcoin at an unprecedented pace, according to on-chain crypto strategist Willy Woo. Woo cites aggregated network data that shows the number of Bitcoin addresses with 1,000 BTC or more is surging. “Whale spawning season is here (1,000 BTC or more). Very high net worth individuals are coming in,…


DeFi and the Bitcoin Bull Run Trajectory: CoinGecko Report

HodlX Guest Post  Submit Your Post   CoinGecko, the world’s leading independent cryptocurrency aggregator, has just released its 2020 yearly cryptocurrency report. In their analysis of the market, CoinGecko highlighted ​that the DeFi sector saw explosive growth as DeFi dominance rose rapidly from 0.9% to 4.6% in the summer. During the same period, the market cap…


Report Reveals How Ripple Will Defend Itself and XRP Against the U.S. Securities and Exchange Commission

A new report is shedding light on how Ripple plans to defend itself against the SEC’s accusations that it illegally sold XRP as an unregistered security. The price of XRP through the years could play a key role in Ripple’s defense. Citing sources with knowledge of Ripple’s legal strategy, Yahoo Finance reports Ripple plans to…