The news in the Crypto ecosystem

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Written by

#Club1BCH

4 years ago

In community: Cryptocurrency and Blockchain(7b7f)

Celsius and Horizen partnership to build privacy preserving block-chain was announced. Horizen will use their platform, toolkit and Zendoo side-chain to provide transparency and utility to DeFi projects, while Celsius will add ZEN on their platform. ZEN will be added with high interest income, 1% loans and lending functions. Phase 1 will create a proof of reserves block-chain app, which will create a clear image of the customer's total assets. The information will be added to the block-chain and will provide transparency and trust for broader crypto ecosystems. Phase 2 will launch a zero-knowledge proof application extension to the platform, encrypted by Horizen’s zero-knowledge toolkit.

Bitcoin reached $14,000 in November and it's the 1st time since January 2018. This rise is huge, as it broke major resistance and a $10,000 rise since the March crash, when the price dropped to $3,700. This move may spark major bull cycles even with the current negative influence from the Covid-19 alarming numbers. Some experts are saying that breaking past the $14,000 resistance zone will lead Bitcoin closer to the next threshold, close to $17,000. This growth will not happen overnight, as new bull cycles are preceded by accumulation periods

PipeFlare November referral competition will share a $650 reward pool. The first PipeFlare giveaway will reward the top 10 referrers. The winners will be rewarded based on how many new referrals they will bring on PipeFlare in November. Only Tier 1 referrals will count in the Leaderboard, which will be added in the "My referrals" page with real time updates. The prizes will be paid on the 1st of December, with the top prize being $350.

Binance Launchpool - Hard Protocol (HARD) for Binance Coin (BNB) and KAVA holders. Hard Protocol is a fully decentralized cross-chain money market build on KAVA, which will perform cross-chain asset lending and borrowing. The HARD token is the governance token and is used for providing liquidity and borrowing assets. HARD will be available for farming in the Launchpool since the 3rd of October. It was listed on the 6th of November with pairing trades with Bitcoin, Binance Coin, Binance USD and Tether. HARD has a total token supply of 80,000,000 and the maximum token supply could reach 200,000,000 and the Launchpool will reward 7.5% (6,000,000) of the total token supply. The share between pools is bigger for BNB holders: 60% (3,600,000 HARD), and 30% (1,800,000 HARD) for KAVA holders. The remaining 10% (600,000 HARD) will be shared to Binance USD holders.

UK Police ignores the $3 million Lyfcoin crypto scam

The UK Police stated that Lyfcoin ponzi scheme was not illegal and no crime was committed. Lyfcoin encouraged and persuading people to invest in their project and promised big returns. Investors were tricked to stake their assets for five months and receive a 100% return at the end of the staking period. When the five months ended, they were forced to accept an 12 or 24 months extension. Lyfcoin was promoted as having a value around $1.50, the token was not listed on exchanges and had absolutely no value. West Midlands Police closed the case, saying that the evidences provided in the case are not proving any wrongdoing and according the the evidence, no offence was committed.