The hype around DeFi is not fading away and is only just beginning, said Neo founder Da Hongfei, during a live stream on China’s Hub on Sept. 25. Da said DeFi created a process in just a few years that traditional finance took hundreds of years to perfect. DeFi projects are now experimenting with all sorts of financial products and services. He added that: “Lending and borrowing, decentralized exchanges, insurance and all kinds of derivatives are on the rise in DeFi. The initial stage DeFi infrastructure has a solid good start, and now it is time to see more and …

The total crypto market capitalization has recovered from the Sep. 6 lows near $314 billion but it is struggling to sustain above the $350 billion mark, which shows that higher levels continue to attract sellers. Bitcoin’s (BTC) dominance fell from above 68% in mid-May to about 56% in the first half of this month as DeFi tokens embarked on a strong bull run. However, in the past few days, the DeFi assets have witnessed sharp corrections and their volatility has increased. This could possibly shift traders’ attention back to Bitcoin. It’s also possible that Bitcoin’s inability to hold above the …

This week Digital Assets Data CEO Mike Alfred told Cointelegraph that mainstream investors are still “skeptical of Bitcoin and the ecosystem." However, Alfred believes that this “skepticism and disbelief” will turn out to be a positive for Bitcoin (BTC) because when the “traditional folks capitulate, they will be forced by their clients and partners to get involved at significantly higher prices." While Bitcoin has struggled to start a sustained uptrend in the past few weeks, select altcoins and tokens in the DeFi space have been in a strong bull run. This shows that traders attention has shifted away from Bitcoin. …

The U.S. stock markets, gold, crude oil, and crypto markets have all corrected in the past week, which shows that traders booked profits in most asset classes. The total crypto market capitalization corrected from a high of above $394 billion to a low of about $313 billion, which is roughly a 20% correction. This decline also led to a sharp fall in Bitcoin (BTC) futures open interest, which was down by $653 million on Sep. 3, suggesting squaring up of positions by a few professional short-term traders. However, even after the fall, the trend in several major cryptocurrencies has not …

This week the S&P 500 made news by notching a new intraday all-time high and recovering 100% of the losses caused by the coronavirus pandemic in mid-March. Despite this, there are signs U.S. stock markets could be overvalued. The Buffett indicator, an analysis tool which divides the Wilshire 5000 Index by the U.S. GDP, currently shows 1.7. This figure is quite near to the dot-com era top at 1.71 which was followed by a strong market correction. However, one major difference between now and the dot-com era is that the current interest rates are at record lows and central banks …

Cross-chain or blockchain interoperability research could finally be reaping results, with multiple projects launching interoperability protocols this week. Ontology (ONT), Neo (NEO) and Switcheo have collaborated to launch the “heterogeneous interoperability protocol alliance” Poly Network, while the NEAR project has launched the Rainbow Bridge, connecting NEAR and Ethereum. Blockchains have long been seen as silos of data with no real ability to interact with any other networks. This has forced developers to choose between blockchains based on their existing ecosystem, their scalability or their fees. Ontology co-founder Andy Ji shared that this is one the reasons behind this new development: …

China’s blockchain-based Service Network (BSN), the country’s nationwide blockchain project, has just launched an official international website. Appearing on Aug. 10, the new english-language BSN website aims to help bring global developers to the project. Integration with six permissionless blockchains He Yifan, CEO of Red Date Technology, a local private company and a founding member of the BSN, told Cointelegraph that the new website allows developers to use BSN services and public chain services via the portal. As part of the new global effort, the BSN now features live integration of six public chains including Ethereum, EOS, Nervos, Tezos, NEO …

NEO, a project dubbed the “Chinese Ethereum”, and the Blockchain-based Services Network, or BSN, are joining forces to push blockchain’s mainstream adoption forward, according to an official announcement on July 22. Overcoming major barriers High entry barriers and fragmented developer experiences are major barriers which are preventing the mass adoption of blockchain technology, according to the report. To solve these problems, BSN aims to provide a public repository of blockchain resources. The network will also try to reduce costs related to development, deployment, operation, maintenance, connectivity, and application management. As one of the first public blockchains supported by the network, …

Most of today’s internet landscape is controlled by a countable few tech oligarchs such as Facebook, Tencent and Alibaba, according to Hongfei Da, the founder of blockchain platform Neo. During the Unitize blockchain conference, Hongfei said that these companies have divided the internet into several fragments by creating their own data silos. He raised concerns about how such companies intentionally use these data silos to impede competition while also abusing user privacy for both commercial and political purposes. According to Hongfei, laying a new foundation for internet infrastructure that is more user-centric and decentralized is the best way forward for …

Bridgewater CIO Ray Dalio said that central banks have moved away from their traditional role and have become owners of assets since the 2008 Financial crisis. They now act as “market makers.” Therefore, the “capital markets are not free” anymore. Dalio warned that the US dollar is likely to lose its attractiveness as the reserve currency of the world. Crypto market data daily view. Source: Coin360 However, it will be a while before the current economic system crumbles due to the measures taken by the central banks. Until the majority do not realize that money printing cannot be the solution …

What do lunar cycles and market cycles have in common? Tune in to the livestream above to find out! This week’s guests include technical cryptocurrency trader NebraskanGooner and disc jockey turned part-time Bitcoin investor DJ Thistle. The discussion will cover technical analysis of the Bitcoin, Ethereum, Tezos, and NEO cryptocurrency markets. We’ll then unpack the relationship between Bitcoin and altcoins before moving on to discuss the rumors that PayPal and Venmo may be integrating cryptocurrency payments into their systems. Finally, we’ll compare the trading styles of our two guests in an attempt to better understand Thistle’s unique method. During the …

Takeshi Fujimaki, a former adviser to George Soros, has said that Paul Tudor Jones is attempting to capture the big trend. According to Fujimaki, Jones’ recent investment into Bitcoin (BTC) indicates that he is concerned about inflation and believes that cryptocurrencies could benefit in such an environment. Following the recent growth and popularity of Grayscale’s Bitcoin Trust security in the past few months, investment firm Wilshire Phoenix has filed an application with the U.S. Securities and Exchange Commission to launch a publicly traded Bitcoin fund. If the fund gets the green signal it is likely to attract institutional investors. Crypto …