Price analysis 8/2: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, BCH, LINK

Bitcoin price has hit a few barriers but many altcoins appear positioned for continuation. Bitcoin (BTC) dropped back below $39,000 on Aug.

How cross-chain liquidity aggregation can shape the future of DeFi

What will ease the burden of DeFi users and remove some of the barriers to entry for newer market participants? This project sees the future of DeFi as multichain co-existence. As decentralized exchanges now represent a significant amount of crypto trading volume, it is vivid that these platforms will play a big role in the smart economy of the future.Automated market makers, in particular, changed the game by eliminating the need for order books entirely and replacing them with liquidity pools.

Bitcoin Strategy ProFund aims to tackle regulatory barriers for investors

Mutual funds provider ProFund aims to enable crypto exposure for investors without actually buying Bitcoin. The United States-based investment management firm ProFunds announced the launch of Bitcoin Strategy ProFund (BTCFX), one of the first publicly available mutual funds or ETFs that performs in parallel with Bitcoin (BTC).

Metaplex NFT marketplace launches on Solana

“NFTs present a real opportunity for artists to create and derive more value than ever before, and we saw an opportunity to solve the existing challenges and barriers to entry that many are currently facing with Metaplex,” said Raj Gokal, COO of Solana Labs.

Promising Integrations Join the Polkadot Ecosystem

As Polkadot’s vision of a decentralized web advances, the integrations of KILT Protocol and the fintech platform Current are adding new utility layers across the blockchain’s ecosystem, helping tear down the existing barriers between Web 2.0 and 3.0.

Polygon to Democratize NFT Interactions by Improving Approachability

To pave the way for greater adoption of non-fungible tokens and bring down the barriers hampering more widespread participation, Polygon is leveraging its parallel network’s proof-of-stake approach to reduce Ethernity Chain’s gas costs.

Spanish stock exchange ready to test blockchain-based SME financing system

The Spanish stock exchange is moving forward with further tests of its planned blockchain-based system to finance small- and medium-scale enterprises. Spanish stock exchange Bolsas y Mercados Españoles, or BME is set to test its blockchain infrastructure for small- and medium-sized enterprise financing following a successful pilot run back in 2020.According to Finextra on Friday, this next set of trials by the BME will involve businesses that are part of the country’s SME financing ecosystem under the aegis of a regulatory sandbox created by Spain’s Ministry of Economic Affairs and Digital Transformation.As previously reported by Cointelegraph, this sandbox is seen as an important step in promoting greater fintech development in Spain with a focus on improving greater competition while reducing entry barriers for participants.The aforementioned pilot phase that occurred back in 2020 drew participation from investment servicing companies and business credit providers.As part of the second round of tests, the BME will likely be looking to examine the suitability of the Ethereum-based system in raising capital for limited liability companies outside the usual traditional bank financing route.Indeed, the BME’s blockchain platform aims to facilitate SME financing digital assets that represent funding avenues like convertible notes and participatory loans.The project marks a further extension of the BME’s digitization policy in recent times.

With $1M Worth of Funding, KnitFinance Charges Ahead to Unlock Trillion Dollar Market in DeFi

KnitFinance’s objective is to enable DeFi on Multiple chains which is limited to only two at present and to reduce entry barriers and asset risk for potential users.

House of Representatives Passes Bill to Create a SEC-CFTC Crypto Taskforce

The House of Representatives Passed the Eliminate Barriers to Innovation Act of 2021, seeking to order the regulatory framework around cryptocurrencies.

Polygon’s New $100M Fund Aims to Attract Next Million Defi Participants

As part of its ongoing efforts to make the decentralized finance ecosystem more accessible through infrastructure development, this layer2 scaling solution has introduced a $100 million fund designed to lower the barriers to entry for yield farming and lending.

Congress Inches Closer to Making Crypto Regulations Clearer

The Eliminate Barriers to Innovation Act would get the SEC and CFTC working together.

Switzerland’s largest insurer AXA starts accepting Bitcoin as payment

All private AXA customers now have the option to pay insurance premiums for any non-life insurance products in Bitcoin. Europe’s second-largest insurance firm, AXA, has become Switzerland’s first all-line insurer to offer its customers the option to pay their bills with Bitcoin (BTC), facilitated through a collaboration with the established cryptocurrency broker Bitcoin Suisse. Bitcoin payments will be accepted for nearly all AXA products, except for life insurance due to regulatory barriers to the latter.  AXA has cited the accelerated digital transformation of the global economy during the coronavirus pandemic as being a key factor in its choice to integrate cryptocurrency into its everyday operations.

Moscow Stock Exchange, Russian Banks Co-Found Blockchain Operator

Source: Adobe/Dmitri Kalvān Russia is edging ever closer to realizing its dream of breaking through the barriers of international trade-limiting EU and American sanctions by developing new payments system infrastructure – with the aid of blockchain technology. Per RBC, the Moscow Stock Exchange has teamed up with a number of banking and card payment processing firms to co-create a

The promise of smart contract adoption is held back by crypto silos

Smart contracts present one the most promising tech solutions for business, but there are still barriers that have to be addressed. The internet is buzzing over recent developments in decentralized finance, or DeFi — smart contracts are hotter than ever.

Are emerging markets missing out on DeFi due to gas fees?

Developed economies dominate the traffic rankings for the top DeFi protocols by TVL, with the US and UK topping the charts. Despite grand visions of enabling farmers in Vietnam access to the world of global finance via Decentralized Finance, emerging markets could represent as little 10% of visitors engaging with the top DeFi DApps.  Proponents have long hoped crypto and DeFi would allow citizens around the world a means to circumvent the barriers created by economic underdevelopment, however the data suggest users from the world’s largest economies dominate the DeFi rankings by online traffic. A new report from The Defiant examines the top five geographical sources of traffic for the 10 largest DeFi platforms by Total Value Locked in February, with the data provided by web traffic aggregator SimilarWeb. The analysis finds that US traffic dominates eight of the 10 largest DApps by TVL, representing between roughly 10% and 27% of traffic on MakerDAO, Compound, Aave, SushiSwap, Uniswap, Synthetic, Bancor, and BadgerDAO respectively.

What barriers prevent LINK's price from surging past this important resistance?

Chainlink is currently trading at $27.32 based on price data from coinmarketcap.com.

Validator Entry Thresholds on the Decline as Cloud-Based Staking Challenges Surmounted

Through the novel use of hardware security modules in conjunction with a communication module, a collaboration between Bluzelle and Equinix will significantly reduce the barriers preventing the equal distribution of opportunities for potential proof-of-stake (PoS) node validators.

South Korean Financial Regulator Confirms Privacy Coin Delistings- Adds New Guidelines to Report Unusual Transactions

South Korean financial watchdogs are about to start overseeing crypto-related activities in the nation, and additional barriers for exchanges keep appearing.

Ethereum Upgrade Could Pump Price By Burning Billions in ETH Each Year

ETH experts are bullish about EIP-1559, but note that there are technical and political barriers to overcome before it gets implemented.

More institutions will warm up to crypto once market cap hits $2T: eToro

“Only by widening the playing field and facilitating more participation will crypto reach and maintain a market cap of $2 trillion and beyond.” A new report from advisory firm Aite Group, that was commissioned by exchange platform eToro, reveals there are still barriers hindering institutional adoption of crypto. Based on interviews with 25 institutional market participants, the report states the crypto market could reach a $2 trillion market capitalization if more institutional players were to get on board amid more favorable conditions.

Best Ways to Buy Bitcoin on Crypto.com

As Bitcoin continues to break new barriers to redefine its all-time-high prices, the flagship cryptocurrency has become one of the most sought-after instruments among individuals and corporates alike.

(Un)Surprising Results Of Bitcoin's 3 Year Journey From One ATH to Another

Bitcoin (BTC) has gotten far in just three years since its previous all-time high, breaking technological, psychological, and adoption barriers along the way, so we've checked the exact numbers and compared today's to the previous all-time high in 2017 - and some results may be somewhat unexpected.

Bitcoin whales short the market, forces price down

Bitcoin's price has broken past old barriers and registered a new all-time high on 17 December 2020 at $23,777.

Everyone's talking crypto for solving sub-Saharan Africa's payments problems

Stablecoins and continentwide regulations are key to breaking down barriers to Africa's economic growth. As global interest in stablecoins explodes, a number of key players are pushing especially hard for more adoption in Sub-Saharan Africa. On Thursday, the Center for Strategic and International Studies' Africa Program published new analysis advocating more options for crypto users in sub-Saharan Africa.