Blockchain
Insight 2020 Cointelegraph China Top 100 — Prestigious List of Blockchain & Crypto Leaders
In 2008, Satoshi Nakamoto wrote a paper titled “Bitcoin: A Peer-to-Peer Electronic Cash Payment System”, unveiling the new world built on Bitcoin and blockchain. In the next 12 years of the development of this new world, the cutting edges have always led the entire blockchain industry and the market. In the tide, they use logic…
The post Insight 2020 Cointelegraph China Top 100 — Prestigious List of Blockchain & Crypto Leaders appeared first on Cryptoverze.


In 2008, Satoshi Nakamoto wrote a paper titled “Bitcoin: A Peer-to-Peer Electronic Cash Payment System”, unveiling the new world built on Bitcoin and blockchain. In the next 12 years of the development of this new world, the cutting edges have always led the entire blockchain industry and the market. In the tide, they use logic and wisdom to think about future changes and promote the application of blockchain technology through the power of technology.
“Insight 2020 Cointelegraph China TOP 100” is a list of 100 leaders who play a dominant role in industry, the influential group in crypto market and blockchain community in 2019 and the expected contribution in 2020.
To be the most authoritative selection in the blockchain industry among the Chinese-speaking region, the real masters that powerfully influence and change the direction of the blockchain technology and the crypto world will be selected considering their developments on three aspects through the past year: 1. Industry Contribution, 2. Prospect, 3. Data Impact, covering the multiple sectors including underlying technologies, policy and regulation, investments, applications, exchanges, mining, wallets, payment, education, service agencies, media, communities and etc.
The application portal is now open. To join, complete the application form by July 15th, 2020 with details such as your name, your role, your company, business details and any significant achievements in the past year. Cointelegraph China will officially announce the nominated finalists on July 20th, 2020.
Next comes the voting and scoring process in which it will be divided into two parts; one being a panel review by 20 experts in the field, and secondly, through an open voting system. Finally, based on the average score, the ranking will be announced in December 2020 by Cointelegraph China on the main media in the Chinese-speaking region.
Blockchain has brought our civilization to a new vast frontier again. Behind every technological evolution are the efforts and attempts of these pioneers. Cointelegraph China wants to record them with you and witness the magnificence race of the industry.
Eligibility
- Active in the Asian regions and countries including but not limited to China (mainland, Hong Kong, Macau, Taiwan), Singapore, etc.
- Mandarin-speaking
Application Period: June 29th, 2020 to July 15th, 2020
Nominators announcement: July 20, 2020
Selection method: Open vote + experts score
- July 20th, 2020 – Nominees announcement
- August 5th to August 7, 2020 – live voting games in the Greater Bay Area Blockchain Week
- November 30th, 2020 – Conclusion for voting/scoring system
- December 2020 – Final list of nominees
Rewards and Rights
The shortlisted 100 finalists will be awarded the following:
- Cointelegraph dedicated custom photo
- Reports by Cointelegraph domain and Cointelegraph China
- Cointelegraph China website and App display
- Be listed in the Cointelegraph China VIP Directory
- Reports in main media in Chinese-speaking areas
- Promotion in the 20+ international media
Additionally, the top 30 finalists will further be granted:
- Exclusive interview by Cointelegraph China*1
- Tickets for online and offline Round Table / Speech
The top 10 finalists will additionally win an article release on Cointelegraph China.
Press Contact (for and on behalf of Cointelegraph China)
Joey Chow (Ms.)
Email: joey@dify.sg
Blockchain
Why Bitcoin Price Could Start Strong Increase Above $50K

Bitcoin price is showing a few positive signs above $48,000 against the US Dollar. BTC is likely to start a strong increase if it settles above $50,000 and the 100 SMA (H4).
- Bitcoin remained well bid above $43,000 and $45,000 support levels.
- The price is now approaching the $50,000 resistance and the 100 simple moving average (4-hours).
- There is a key contracting triangle forming with resistance near $50,200 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).
- The pair is likely to start a strong increase if it clears the $50,000 and $50,500 resistance levels.
Bitcoin Price is Gaining Momentum
This past week, bitcoin price corrected lower below the $48,000 support zone against the US Dollar. The BTC/USD pair even broke the $47,000 level and settled below the 100 simple moving average (4-hours).
However, the bulls were able to protect a downside break below the $46,000 area. A low was formed near $46,350 before the price started a fresh increase. It cleared the $47,000 and $48,000 resistance levels. There was also a break above the 50% Fib retracement level of the downward move from the $52,640 swing high to $46,350 low.
Source: BTCUSD on TradingView.com
It is now approaching the $50,000 resistance and the 100 simple moving average (4-hours). There is also a key contracting triangle forming with resistance near $50,200 on the 4-hours chart of the BTC/USD pair.
The triangle resistance is close to the 61.8% Fib retracement level of the downward move from the $52,640 swing high to $46,350 low. A clear break above the triangle resistance could open the doors for a fresh increase towards the $52,000 and $53,000 resistance levels. The next major hurdle for bitcoin could be near $55,000.
Limited Downsides in BTC?
If bitcoin fails toc clear the $50,000 and $50,500 resistance levels, it could correct lower. The first key support is near the $48,800 level.
The main support is near the triangle lower trend line and $48,000. A clear break below the triangle support zone could clear the path for a move towards the $45,00 support zone in the near term.
Technical indicators
4 hours MACD – The MACD for BTC/USD is showing positive signs in the bullish zone.
4 hours RSI (Relative Strength Index) – The RSI for BTC/USD is now well above the 50 level.
Major Support Level – $48,000
Major Resistance Level – $50,000
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Source: https://www.newsbtc.com/analysis/btc/bitcoin-price-could-start-strong-increase-50k/
Blockchain
Kraken Daily Market Report for March 06 2021

Overview
- Total spot trading volume at $885.1 million, down from the 30-day average of $2.04 billion.
- Total futures notional at $352.3 million.
- The top five traded coins were, respectively, Bitcoin, Ethereum, Tether, Cardano, and Polkadot.
- Strong returns from Ocean (+27%), Balancer (+17%), and Keep (+13%).
March 06, 2021 $885.1M traded across all markets today Crypto, EUR, USD, JPY, CAD, GBP, CHF, AUD |
||||
---|---|---|---|---|
XBT $48929. ↑0.17% $357.9M |
ETH $1653.5 ↑8.0% $248.8M |
USDT $1.0005 ↑0.01% $104.0M |
ADA $1.1311 ↓2.9% $83.0M |
DOT $33.443 ↓0.7% $34.3M |
FLOW $34.701 ↓0.8% $17.4M |
LTC $182.90 ↑1.3% $15.6M |
LINK $28.164 ↑1.0% $14.6M |
XRP $0.4631 ↑1.7% $13.6M |
USDC $1.0 ↓0.01% $12.4M |
XDG $0.0509 ↑2.7% $8.74M |
OCEAN $1.3938 ↑27% $6.68M |
XTZ $3.8729 ↑2.6% $5.43M |
ATOM $18.951 ↑1.3% $5.04M |
UNI $28.5 ↑0.6% $4.91M |
BCH $500.79 ↑0.5% $4.36M |
XMR $204.72 ↓0.6% $4.23M |
AAVE $388.58 ↑5.6% $3.43M |
XLM $0.4021 ↓0.9% $3.38M |
GRT $1.7973 ↓1.8% $3.14M |
OMG $5.0654 ↑9.7% $2.63M |
KSM $229.84 ↑0.7% $2.62M |
FIL $40.438 ↓0.04% $2.58M |
QTUM $6.3372 ↓3.9% $2.58M |
ALGO $1.0552 ↓0.12% $2.39M |
YFI $34015. ↑6.3% $1.73M |
MANA $0.3594 ↓4.2% $1.6M |
DAI $1.0008 ↓0.03% $1.59M |
TRX $0.0502 ↓0.05% $1.57M |
EOS $3.7264 ↑0.7% $1.46M |
SC $0.0106 ↑1.1% $1.39M |
COMP $491.98 ↑3.2% $1.33M |
BAT $0.6642 ↓2.5% $1.3M |
ICX $1.8370 ↓2.0% $1.27M |
CRV $2.0505 ↓0.29% $1.16M |
ZEC $125.28 ↑3.2% $1.03M |
KEEP $0.3903 ↑13% $924K |
EWT $15.400 ↓3.0% $876K |
WAVES $9.9996 ↑0.7% $874K |
KNC $2.0564 ↓3.0% $869K |
NANO $5.1355 ↓0.11% $856K |
DASH $208.81 ↑1.4% $849K |
SNX $21.255 ↑2.3% $842K |
KAVA $3.8348 ↓0.6% $773K |
MLN $41.894 ↑7.9% $650K |
LSK $3.2082 ↑3.8% $604K |
ETC $11.114 ↑1.2% $516K |
BAL $42.655 ↑17% $497K |
GNO $136.55 ↑7.6% $477K |
OXT $0.4715 ↑0.4% $382K |
PAXG $1717.1 ↑0.5% $351K |
REP $31.072 ↑1.9% $301K |
ANT $5.0315 ↓0.7% $250K |
STORJ $0.6829 ↑4.3% $206K |
TBTC $50639. ↑2.3% $112K |
REPV2 $30.746 ↑2.5% $80.2K |
#####################. Trading Volume by Asset. ##########################################
Trading Volume by Asset
The figures below break down the trading volume of the largest, mid-size, and smallest assets. Cryptos are in purple, fiats are in blue. For each asset, the chart contains the daily trading volume in USD, and the percentage of the total trading volume. The percentages for fiats and cryptos are treated separately, so that they both add up to 100%.
Figure 1: Largest trading assets: trading volume (measured in USD) and its percentage of the total trading volume (March 06 2021)
Figure 2: Mid-size trading assets: (measured in USD) (March 06 2021)
Figure 3: Smallest trading assets: (measured in USD) (March 06 2021)
#####################. Spread %. ##########################################
Spread %
Spread percentage is the width of the bid/ask spread divided by the bid/ask midpoint. The values are generated by taking the median spread percentage over each minute, then the average of the medians over the day.
Figure 4: Average spread % by pair (March 06 2021)
.
#########. Returns and Volume ############################################
Returns and Volume
Figure 5: Returns of the four highest volume pairs (March 06 2021)
Figure 6: Volume of the major currencies and an average line that fits the data to a sinusoidal curve to show the daily volume highs and lows (March 06 2021)
###########. Daily Returns. #################################################
Daily Returns %
Figure 7: Returns over USD and XBT. Relative volume and return size is indicated by the size of the font. (March 06 2021)
###########. Disclaimer #################################################
The values generated in this report are from public market data distributed from Kraken WebSockets api. The total volumes and returns are calculated over the reporting day using UTC time.
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Source: https://blog.kraken.com/post/8159/kraken-daily-market-report-for-march-06-2021/
Blockchain
DeFi summer 2.0? ‘Gen 2’ tokens on a tear amid wider market slump


As some brand-name decentralized finance (DeFi) tokens sputter, a crop of new projects have emerged that are catching strong bids on the back of aggressive yield farming programs, generous airdrops, and significant technical advances.
It’s a set of outlier projects pushing forward on both price and fundamentals that has led one crypto analyst, eGirl Capital’s mewny, to brand them as DeFi’s “Gen 2.”
feels like theres a gen 1 and gen 2 of defi tokens now
the former is stagnant and the latter is pamping
has nothing to do with fundamentals. its all psychological
— mewny (@mewn21) March 6, 2021
Mewny, who in an interview with Cointelegraph pitched eGirl Capital as “an org that takes itself as a very serious joke,” says that Gen 2 tokens have garnered attention due to their well-cultivated communities and clever token distribution models — both of which lead to a “recursive” price-and-sentiment loop.
“I think in terms of market interest it’s more about seeking novelty and narrative at this stage in the cycle. Fundamental analysis will be more important when the market cools off and utility is the only backstop to valuations. Hot narratives tend to trend around grassroots projects that have carved out a category for themselves in the market,” they said.
While investors might be eager to ape into these fast-rising new tokens, it’s worth asking what the projects are doing, whether they’re sustainable, and if not how much farther they have to run.
Pumpamentals or fundamentals?
The Gen 2 phenomena echoes the “DeFi summer” of last year, filled with “DeFi stimulus check” airdrops, fat farming APYs, and soaring token prices — as well as a harrowing spate of hacks, heists, and rugpulls.
However, mewny says that there’s a population of investors that emerged from that period continuously looking for technical progress as opposed to shooting stars.
“There are less quick “me too” projects in defi. An investor may think that those projects never attracted much liquidity in the first place but they overestimate the wisdom of the market if that’s the case. They did and do pull liquidity, especially from participants who felt priced out or late to the first movers.This has given the floor to legitimate projects that have not stopped building despite the market’s shift in focus. ”
One such Gen 2 riser pulling liquidity is Inverse Finance. After the launch of a yield farming program for a forthcoming synthetic stablecoin protocol, the Inverse Finance DAO narrowly voted to make the INV governance token tradable. As a result, the formerly valueless token airdrop of 80 INV is now priced at over $100,000, likely the most lucrative airdrop in Defi history.
Another Gen 2 star is Alchemix — one of eGirl Capital’s first announced investments. Alchemix’s protocol also centers on a synthetic stablecoin, alUSD, but generates the stablecoin via collateral deposited into Yearn.Finance’s yield-bearing vaults. The result is a token-based stablecoin loan that pays for itself — a new model that eGirl thinks could become a standard.
“eGirl thinks trading yield-bearing interest will be an important primitive in DeFi. Quantifying and valuing future yield unlocks a lot of usable value that can be reinvested in the market,” they said.
The wider markets appears to agree with eGirl’s thesis, as Alchemix recently announced that the protocol has eclipsed half a billion in total value locked:
It is our one week anniversary today, and wow!
That was fast! 500 MILLION TVL!
Vaults: 89.4m
Transmuter: 90.5m
Farms: 322.85m pic.twitter.com/FQsezs6s9q— Alchemix (@AlchemixFi) March 6, 2021
Staying power?
By contrast, governance tokens for many of the top names in DeFi, such as Aave and Yearn.Finance, are in the red on a 30-day basis. But even with flagship names stalling out, DeFi’s closely-watched aggregate TVL figure is up on the month, rising over $8.4 billion to $56.8 billion per DeFi Llama — progress carried in part on the back of Gen 2 projects.
The comparatively wrinkled, desiccated dinosaurs of DeFi may have some signs of life left in them, however. Multiple major projects have significant updates in the works, including Uniswap’s version 3, Sushiswap’s Bentobox lending platform, a liquidity mining proposal working through Aave’s governance process, and Balancer’s version 2.
These developments could mean that DeFi’s “Gen 2” phenomena is simply a temporary, intra-sector rotation, and that the “majors” are soon to roar back. It would be a predictable move in mewny’s view, who says “every defi protocol needs at least 1 bear market to prove technical soundness.”
What’s more, according to mewny some of the signs of market irrationality around both Gen 2 tokens as well as the wider DeFi space — such as triple and even quadruple-digit farming yields — may be gone sooner rather than later.
“I don’t think it’s sustainable for any project in regular market conditions. We are not in regular conditions at the moment. Speculators have propped up potentially unsustainable DeFi protocols for a while now.”
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Source: https://cointelegraph.com/news/defi-summer-2-0-gen-2-tokens-on-a-tear-amid-wider-market-slump
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