Bison Trails Announces Support For Solana Protocol

Blockchain infrastructure-as-a-service company and Libra association member, Bison Trails, announced support for Solana on March 26. Solana is an open-source project that implements permissionless blockchain technology. Solana’s protocol uses a new approach to establish the order of blocks, called Proof-of-History, and will be available at mainnet launch on the Bison Trails platform. As the company details, Solana currently supports 50-65K transactions per second and 400ms block times, with 50 nodes on its public testnet. Benefits attached to the partnership In dialogue with Cointelegraph, Joe Lallouz, CEO of Bison Trails, commented…

Coinbase Wallet Integrates Support for DeFi Lending Apps

Leading U.S.-based cryptocurrency exchange, Coinbase, has integrated support for decentralized finance (DeFi) protocols on its wallet app. Per a March 26 announcement, Coinbase Wallet will now allow users to earn interest on cryptocurrencies through the DeFi apps, Compound, and dYdX. While the DeFi apps were already available through Coinbase Wallet’s built-in decentralized application browser, the exchange asserts that the integration significantly increases the ease-of-use for users seeking to access DeFi protocols. The new feature will roll out for iOS this week, with Android support slated to follow in the near…

Bitcoin Price Turns Bullish as Traders Fight to Flip $6,400 to Support

Bitcoin (BTC) price perked up today, rallying from $5,688 to a daily high at $6,600. The digital asset defied the worst fears of analysts by holding above the $5,400 support and currently Bitcoin continues to show growing strength in the face of wilting equities markets.  Interestingly, gold and silver prices also rallied 4.42% and 5.94% as the S&P500 and Dow closed the day with moderate losses. This could indicate that market participants who recently exited their stock positions could be looking for shelter and growth in store-of-value assets.  Thus, crypto…

Bitcoin Price Holds Key $5.9K Support, Avoiding a Retest of Recent Lows

As the Coronavirus pandemic continues to unfold, markets, both traditional and crypto, remain highly unpredictable. Even gold has failed to provide safety for investors and Bitcoin is undergoing a demanding test as a new asset class in an unprecedented health and financial crisis. Crypto market daily performance. Source: Coin360 As traditional markets gear up for another week of turbulent trading, volatility is expected to return to the crypto market as well. However, with rumours of U.S. stock trading halting completely, it’s hard to say how the crypto market will behave…

Here’s How High Bitcoin Price May Go if $6.4K Becomes New Support

After rallying 21.6% to a new seven-day high at $6,375, Bitcoin (BTC) traders now seem intent on pushing the price higher to $7,200.  The digital asset has made an impressive 66% recovery since dropping to $3,775 on March 13, and the majority of altcoins are also notching double-digit gains. But how much longer can the current rally last?  Crypto market daily performance. Source: Coin360 After breaking above the pennant trendline at $5,600, Bitcoin formed a bullish three white soldiers candlestick pattern and traders pushed the price slightly above the $6,300…

XRP Price on Final Support Before $0.06? Key Level Holding for Now

Recently, cryptocurrencies and Bitcoin (BTC) have seen a significant drop. Bitcoin was not the only crypto to see a steep fall as other markets have seen one as well, including equities which are down between 30% and 40%. Crypto market daily performance. Source: Coin360 These movements also meant a further drop in altcoins. However, some outcomes have been doing slightly better than Bitcoin in recent weeks and one of them is XRP. XRP price on final USD support before $0.06 XRP USD 1-week chart. Source: TradingView The XRP/USD chart shows…

Huobi and Binance Support Community-Led Steem Hard Fork

Major cryptocurrency exchanges Binance and Huobi have announced support for the Steem (STEEM) community’s hard fork to create the new Hive network. On March 18, Binance and Huobi published announcements revealing their support for the Steem hard fork that is scheduled for March 20. The decisions appear to quash allegations from earlier in the month that the exchanges were coordinating with Justin Sun in his apparent attempted takeover of the Steem network. Binance and Huobi support Hive hard fork Both exchanges will take snapshots of STEEM account balances at 2…

MakerDAO Considering USDC Collateral Support For Enhanced Liquidity

MakerDAO, leading player in the decentralized finance sector, is facing liquidity risk in an uncertain market. The MakerDAO community is considering adding support for USDC, the cryptocurrency associated with Circle, as an alternative collateral to help bear this risk, according to a community thread on March 16.  MakerDAO’s Foundation Dev Team had a call on the matter at 11 AM ET today, discussing the code for the USDC collateral adaptor — a recording of that call is available here. According to the post describing potential USDC collateral support, the move…

Ripple (XRP) Eyeing Bullish Break But It Must Hold This Key Support

Ripple is showing signs of a decent recovery above $0.1400 against the US Dollar. XRP price could attempt to surpass the $0.1650 resistance and start a strong rise. Ripple price is facing a couple of key hurdles near $0.1620 and $0.1650 against the US dollar. A key support base seems to be forming near the $0.1400 area. There is an important contracting triangle forming with resistance near $0.1650 on the hourly chart of the XRP/USD pair (data source from Kraken). The price might attempt to start a strong rise above…

Binance to Launch Fiat Support in South Africa, Donate $1M to Blockchain Education

Binance CEO Changpeng Zhao has announced that the company will launch a fiat gateway for South African users, allowing them to make Rand deposits. The announcement was made on day one of the Blockchain Africa conference being held in Johannesburg this week. CZ confirmed that South African traders would soon be able to make Rand deposits on the platform through the Binance website. This is part of an ongoing push into Africa that started in Uganda in 2018: “Africa illustrates one of the largest demands and instrumental use cases for…