Polkadot, Shiba Inu and Bitcoin – European Wrap 15 October

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At the Sub0 Conference representatives of Parity Technologies, DOT founders Gavin Wood and Robert Habermeier, confirmed that Polkadot is now ready to implement parachains, auctions and crowd loans on its blockchain network. 

Visa revealed the concept of Universal Payment Channel through a layer-2 network powered by Ethereum. As “The Merge” draws closer, Ethereum reserves across exchanges are dropping. A brewing supply shock is likely to trigger a bull run, pushing the altcoin closer to “Triple Halving.”

 

Bitcoin price jumped this week after a shift in sentiment on Thursday when global equities went back in the green and investors favored riskier assets like cryptocurrencies. Ethereum and Bitcoin broke through a few critical bearish elements, while XRP seems not to be enjoying the favorable tailwind in global markets.

BTC/USD weekly chart

 

 

 

 



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