xCryptocurrency Bitcoin NEWS, Ethereum analytics platform Dune Analytics attracts $ 2 million in investments.
Dune Analytics platform, which provides access to analytical data of the Ethereum network, has attracted $ 2 million in investments. The seed funding round was spearheaded by the Dragonfly Capital crypto fund, with the participation of Multicoin Capital, Hashed, Semantic Ventures, Coinbase Ventures, Coingecko, Alameda Research and Digital Currency Group. Also contributing to the funding were Stanislav Kulekhov from Aave, Luis Cuende from Aragon and Stefan George from Gnosis.
In a comment to The Block, Dune co-founder Fredrik Haga said the project came out of stealth last fall after being backed by startup incubator Binance.
“You just open the site and you get access to free data that is open to the community, where people can rely on information on each other,” he said. “This approach turns the project into something more powerful. It is no longer a closed platform where only people within the company work with data. " The funds will be used to expand the project team. “As a team of two, we just can't add all the features our community needs,” said Haga. "It was very clear that we would need to expand the team to meet the needs of our growing user base."
Samsung develops a blockchain for pharma data
It is generally agreed that the initiative will provide the service of automatic management of the history of medicines, in order to minimize the manual input, to ensure the recall and to ensure.
Separate employees of Samsung SDS have declared that several pharmaceutical companies, distributors and medical institutions in the South Kope have already submitted an application to the pilot.
The names of pharmaceutical preparations, which were used in pilot projects, until they are not pronounced, however, it is known that it is a long time ago that they were "Ozhidaetcya chto cumma vlozheny in blokcheyn-pesheniya in otpacli zdpavooxpaneniya vypactet co $ 176 million in 2018 godu to $ 5 Ga 2025 godu, a 2025 godu 55% meditsinckix kompany will icpolzovat blokcheyn in kommepcheckix tselyax" - zametil ctapshy nauchny cotpudnik Samsung SDS Lee Eun Young.
Bitwise Bitcoin fund rises to $ 9 million amid investor fears over inflation
Digital asset management company Bitwise last week notified the US Securities and Exchange Commission (SEC) of raising a total of $ 8.9 million for its bitcoin fund. It allows American accredited investors to invest in the first cryptocurrency using traditional mechanisms.
The last reporting period became the largest in the two-year history of the fund in terms of the amount of funds raised. In 2019, Bitwise notified the SEC of the collection of $ 4.1 million.Thus, over the past year, the fund has more than doubled.
Bitwise's head of research, Matt Hogan, told CoinDesk that the main driver of the fund's growth was investor fears about inflation. "The unprecedented expansion of the Fed's balance sheet, drastic financial stimulus and inflation-friendly new Fed policies have led Bitwise customers to seek hedge," he said. "Bitcoin is the most effective inflation hedge in the market today."
Bitwise's clients include many financial advisors serving wealthy investors who fear the devastating impact of central bank actions on their portfolios, Hogan said. Many investors see a fixed supply of 21 million bitcoin as an opportunity to preserve capital amid runaway inflation.
Flamingo fake DeFi token appears on Uniswap
This token was created on Ethereum as an imitation of the original FLM token of the Flamingo decentralized finance protocol, launched on the NEO blockchain last week. The real FLM token was added to the Binance Launchpool on September 23rd, and trading pairs and farming with it on BNB and BUSD deposits have been launched since yesterday. On September 28, FLM was also listed on the OKEx cryptocurrency exchange. On both exchanges, FLM is trading just above $ 1 per token.
Taking advantage of the popularity of FLM, the scammers created a fake FLM token of the ERC20 standard on the Uniswap exchange. Inexperienced users began to rapidly buy up this fake token, and its rate jumped to $ 257 on the second day. When users click on a link to Uniswap, they see a warning, but few people pay attention to it.
It states that anyone can create ERC20 tokens on Ethereum and open trading pairs with it on Uniswap. The uniqueness of the trading symbol is not verified by anyone and the name of the fake token may be the same as that of the original tokens of well-known projects. Uniswap warns traders of potential risks and encourages users to conduct their own analysis of tokens before purchasing them. But the newbies, blinded by greed, close the warning to get the deal done quickly.
The trading volume for the fake token has already exceeded $ 250 thousand and may well grow further, since information about fraud does not spread quickly enough. But on a decentralized exchange, even the administration cannot effectively fight fraudsters, and they can manage to withdraw ETH received for selling a worthless token. Recently, NEO co-founder Da Hongfei said the buzz around the decentralized finance industry will only intensify over time.
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Bitcoin Is Undervalued, Fair Value Price Should Be $15,000, Says Analyst
Bloomberg cryptocurrency analyst Mike McGlone says bitcoin is greatly undervalued, suggesting that its fair value price should currently be somewhere around $15,000.
The price of bitcoin (BTC) has see-sawed between $10,000 and $12,400 over the last few weeks, often tumbling sharply following what one pundit described as “fake” breakouts.The latest rout saw BTC crash more than 8% within days from over $11,000 to $10,100. At Press time, each bitcoin is trading for $10,695, up nearly 2% in the last 24 hours. McGlone, a senior commodity strategist at Bloomberg, based his arguments on various factors, including bitcoin’s rising hashrate, which continues to hit new records, industry media report.
The Bitcoin hashrate continues to increase and recently reached new highs. Also advancing are addresses used. A top metric for adoption, the 30-day average of Bitcoin addresses is equivalent to the price closer to $15,000 when measured on an autoscale basis since 2017. According to the latest data from charts Bitcoin, BTC’s seven-day average hashrate rose past 140 exahash per second (EH/s) this week, an all time high. On July 28, the figure averaged 127 EH/s, a record at the time.
Hashrate is a measure of the power of the computers linked to the Bitcoin blockchain, which determines their ability to produce new coins. Increasing hash power suggests miners are optimistic about making profits.
This tends to influence the price of BTC higher, given the strong correlation between the two. But the relationship is not exactly as linear, because it is difficult to gauge future price changes based on hashrate alone. Meanwhile, the number of active bitcoin addresses has soared to 991,000, Glassnode data shows, up from 684,000 at the beginning of this year, when the asset’s price averaged around $7,700. When active addresses hit nearly 1.1 million on December 23, 2018, bitcoin traded for $14,800, on the average.
McGlone has remained upbeat about bitcoin throughout its volatile swings, at a point suggesting this is to be the year that the top crypto will become a digital version of gold, a prime store of value. In his new analysis, he admits there might be pitfalls curtailing BTC’s price growth going forward – and that would have to be a reversal of the on-chain metrics related to “the hashrate and active addresses.”