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DeFi

Decentralized Leverage Trading Exchange dYdX Raises $65 Million

The developers behind decentralized leverage trading platform dYdX have raised $65 million in a Series C investment round led by Paradigm. The dYdX team says it plans to leverage the fresh capital to list perpetual contracts tied to more crypto assets, launch a mobile app, and expand their team.

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Altcoins

Here’s How High Chainlink Will Rise This Cycle, According to Crypto Analyst Benjamin Cowen

The fate of top oracle project Chainlink (LINK) lies with Bitcoin, remarks crypto analyst Benjamin Cowen. Cowen tells his 463,000 YouTube subscribers that Bitcoin has taken over the current phase of the market. Chainlink (LINK), like other altcoins, initially had a knee-jerk reaction to BTC’s pullback last month, according to the trader. “LINK does not […]

The post Here’s How High Chainlink Will Rise This Cycle, According to Crypto Analyst Benjamin Cowen appeared first on The Daily Hodl.

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Cardano News

Former Ethereum co-founder and Cardano creator believes Tesla should adopt ADA

TL;DR Breakdown The co-founder of ETH, Charles Hoskinson, says that Cardano is the best alternative token that is environmentally friendly. Charlse Hoskinson, wants Tesla to choose Cardano to fill the gap left after Bitcoin dismissal. Charles Hoskinson— Ethereum’s co-founder and Cardano founder believes ADA is superior to the world’s largest virtual currency, and Tesla should […]

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bitcoin

Republican Campaign Arm Accepts Crypto Assets – Attempts to Pursue ‘Every Avenue to Stop Pelosi’s Socialist Agenda’

The House Republicans’ campaign arm said on Thursday that it will be accepting cryptocurrencies using the payment processor Bitpay. The National Republican Congressional Committee (NRCC) is a lobbyist organization aimed at supporting the election of Republicans to Congress, via direct financial contributions to candidates and the Republican Party. NRCC to Accept Crypto Donations but Funds […]

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bitcoin

After Predicting Bitcoin Collapse to $23,000, Macro Strategist at Fidelity Abruptly Changes Crypto Outlook

Global macro strategist at Fidelity Investments, Jurrien Timmer, is updating his outlook on Bitcoin’s trajectory after previously calling for a $23,000 bottom. Timmer first made the $23,000 call on June 1st. His prediction was based on the Elliot Waves Theory, a technical analysis method that forecasts price fluctuations by mapping out repeating patterns of waves. […]

The post After Predicting Bitcoin Collapse to $23,000, Macro Strategist at Fidelity Abruptly Changes Crypto Outlook appeared first on The Daily Hodl.

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