Bitcoin (BTC) Reclaims $7,000 as Global Efforts Against the Coronavirus Start to Bear FruitIn brief: Bitcoin (BTC) has this morning reclaimed the $7,000 value once again. Its movement is amidst global reports of some countries winning the war against the Coronavirus. With halving only days away, Bitcoin might continue with its upward trajectory. In our Saturday analysis of Bitcoin, Ethereum World News had advised a ‘wait and see’…
Why Crypto Acquisitions Will be the Norm After the Binance-Coinmarketcap DealIn brief: Mid last week, Binance confirmed rumors that it had acquired the popular crypto tracking platform of Coinmarketcap.com. The acquisition elicited mixed reactions from crypto enthusiasts. Some approved the deal while others saw it as a possible hostile takeover compromising Coinmarketcap. However, with this major move, Binance has now normalized the process of acquisitions…
Tron (TRX) Ventures Into DeFi With its Revolutionary DApp, JUSTIn brief: The team at Tron had been working on a DeFi platform known as Djed. The Mainnet was launched today, April 4th. The DApp has been rebranded to JUST. Decentralized Finance, or simply DeFi, has been one of 2020’s highly anticipated use cases of cryptocurrencies and blockchain. As the name suggests, DeFi plans to…
Bitcoin Price Analysis: After Failing to Reclaim $7,000, What’s Next for BTC?In brief: Bitcoin exhibited some bullish momentum earlier on in the week. BTC traded briefly at $7,200, dropped below $7,000 and then attempted, with no success, to reclaim this level as support. However, we are back in familiar territory with $6,900 being the level to overcome once again. On April fools day, keen crypto traders…
Hyperbitcoinization: Visions of Bitcoin Fueling the Post Covid-19 Shadow Economy NewWith the recent coronavirus spread and its overall effect on the global economy, some people believe the powers that be are preparing a financial reset. During these times, a number of bitcoiners think a bitcoin-induced form of fiat currency demonetization will take place, otherwise known as ‘hyperbitcoinization.’ However, a few speculators believe digital assets in…
Blind Faith in S2F Models: Analysts Question Measuring Bitcoin’s Price With Stock-to-Flow NewOne of the most bullish charts for predicting the price of bitcoin is the infamous stock-to-flow (S2F) model. The S2F analysis shows the price of BTC could reach $55,000 in the near future. One advocate of the S2F model, the Twitter account known as ‘Plan B,’ wrote a report about the subject and the article…
2 American Banks Have Failed Since Coronavirus Started Spreading in the US NewSince the coronavirus started spreading in the U.S., two banks have failed and were shut down by state banking authorities. One was a bank in West Virginia and the other was in the state of Nebraska. The governor of West Virginia has already issued a stay-at-home order due to rising covid-19 cases. Also read: IMF…
Sensorium’s Senso Token Lists on the Top Ten HitBTC Cryptocurrency Exchange NewSensorium Corporation has listed its digital currency Senso Token on HitBTC one of the oldest and most advanced cryptocurrency platforms operating today. The move follows a recent listing of Senso Token on the KuCoin cryptocurrency platform and signals Sensorium’s intention to expand its operations and enable users to engage deeply with Sensorium Galaxy, the unique…
Rich Dad Poor Dad Author Robert Kiyosaki: Dollar Is Dying, Buy Bitcoin NewRobert Kiyosaki, the author of the popular book “Rich Dad Poor Dad,” talked about the death of the U.S. dollar and how one should take the government’s free money and buy bitcoin. The best-selling author also explained the cost of free money. Also read: IMF Declares Global Recession, 80 Countries Request Help, Trillions of Dollars…
Regulatory Roundup: 10 Countries Actively Regulating Cryptocurrency Despite Global CrisisDespite the coronavirus pandemic and the resulting financial crisis, at least 10 countries have made announcements regarding cryptocurrency regulation since our last regulatory roundup. They include Japan, Malaysia, Singapore, China, Spain, Germany, India, the Philippines, the U.S., and South Korea. Also read: IMF Declares Global Recession, 80 Countries Request Help, Trillions of Dollars Needed Regulations…
Bitcoin.com’s Cashfusion Fund Exceeds Goal: $100K Raised for Bitcoin Cash PrivacyBitcoin.com’s Cashfusion Fund officially surpassed the fundraiser goal by 103.3% or $51K worth of bitcoin cash spread out between 623 donations. The funds will go toward Cashfusion developer expenses and a security audit from Kudelski Security. Bitcoin.com also matched the funds donated so Cashfusion can provide bitcoin cash users with the best privacy methods available…
BitMEX Donates $400,000 to Cyber Security Organisation NewBitMEX parent company HDR Global Trading Limited has become a partner of nonprofit Shadowserver Foundation. HDR will sponsor the nonprofit by offering $400,000 over the next four years. BitMEX Operator Becomes Member of Shadowserver Industry Alliance Shadowserver Foundation is an organization that collects and analyzes data on malicious activity on the Internet. HDR has become…
Bitcoin Investment Vastly Higher Than Assumed, New Data Suggests NewThe debate over Bitcoin’s market strength continues, yet one analyst has released data indicating that investment in the flagship cryptocurrency has been considerably more substantial than previously thought. If true, it indicates that Bitcoin’s price could soon rise dramatically. MILLIONS ADDED TO THE BITCOIN MARKET EACH DAY PlanB has made several observations recently, most notably…
Microsoft Warning – Hospitals Vulnerable to Bitcoin Ransomware NewMicrosoft has issued a chilling warning that many hospitals in the United States are at risk of bitcoin ransomware attacks right now amid the coronavirus pandemic. Bitcoin Ransomware Attackers Target Hospitals The giant software company said that “dozens” of hospitals are using vulnerable gateways and that this makes them easy targets for the REvil ransomware…
Nintendo Switch Game Pulled Over Cryptojacking Concerns NewOver the weekend rumors erupted that ‘Cooking Mama: Cookstar’ secretly ran cryptojacking malware while being played on the Nintendo Switch. Developers have denied the rumors, yet Nintendo has pulled the game from its eShop. GAME TAKEN DOWN HOURS AFTER RELEASE Concerns that ‘Cooking Mama’ secretly mines crypto began after a user posted the claim on…
Crypto Industry Not ‘Immune’ to Global Crisis, PwC Says NewA new report from PricewaterhouseCoopers (PwC) showed that crypto-related fundraising and mergers and acquisitions (M&As) tumbled last year, but that doesn’t mean the crypto market is extinguishing. Long Awaited Institutional Investors Don’t Come In It seems that the crypto industry cannot attract investments from institutional investors, as many had hoped. Professional services giant PwC…
Bank of Korea Begins Central Bank Digital Currency Rollout NewTalk of CBDCs may have taken a back seat for many world central banks right now. Yet, despite claiming there was no reason for one just a couple of months ago, the Bank of Korea has unveiled a 22-month pilot plan. Bank of Korea About Turn on Digital Currency It seems as if the Bank…
Bitcoin Follows Pre-Bull Run Pattern That Sent Amazon Stocks Soaring NewNow here’s an interesting pattern if you like a little TA. Bitcoin trader and analyst Loma drew an extremely interesting parallel between Amazon and Bitcoin. Will Bitcoin follow this Amazon bull market setup and break $20K in the next couple of years? Let’s take a look. Bitcoin Looks a Lot Like Amazon Pre Bull Market…
The Minds of Crypto: Highlighting Great Thinkers Around Bitcoin, Ethereum & More NewOne of the most exciting things about being a stakeholder in the fledgling cryptoeconomy is having the opportunity and privilege to be constantly surrounded by brilliant and creative people of all stripes. With that said, new conversations have been unfolding around crypto’s place in the world amid the breakout of the COVID-19 pandemic plunging the…
Crypto Enthusiasm in India Not Dented by RBI Ban: Paxful Survey NewDetails from a recent survey by peer-to-peer Bitcoin (BTC) trading platform Paxful show that crypto sentiment in India continues to be optimistic despite opposition from the central bank and government officials. With the Supreme Court overturning the earlier ban by the Reserve Bank of India (RBI) on banks offering services to cryptocurrency exchanges, respondents in…
European Commission Looking at Crypto and Blockchain Regulations NewThe head of the European Commission’s (EC) digital innovation and blockchain unit expanded on the pros of distributed ledger technology (DLT), and the current state of the regulatory framework in Europe. Balancing Blockchain Innovation and Regulatory Compliance In an interview with The Banker, a subsidiary of Financial Times, the head of the EC’s digital innovation…
South Korea Launches Digital Currency Intiative as BIS Expects CBDC Adoption NewOver the past few months, there’s been a growing buzz about central bank digital currencies or centralized cryptocurrencies; responding to China’s efforts to digitize the yuan and the launch of Libra by Facebook and the world’s top Silicon Valley firms, the governments and monetary authorities of the world’s nations have mobilized to try and take…
Bitcoin Retakes $7,000 as Stock Market Continues to Mount Comeback NewSomehow, someway, the price of Bitcoin has continued to show resilience after March 12’s capitulation event, decisively retaking $7,000 on Monday morning after trying (and failing) to surmount this level three times in the past week. Now, the cryptocurrency trades at $7,100, up 5% in the past day and up 20% since last week’s lows…
Why analysts are bullish after Bitcoin’s just saw an explosive 10% surge to $7,400 NewOver the past few days, bullish pressure has been building for Bitcoin; all throughout the last two weeks, the cryptocurrency has been forming an uptrend, registering a consistent series of higher lows and higher highs. On Apr. 6, this streak of strength culminated in an ongoing explosion higher for BTC, which just minutes ago forced…
$1.6 billion: recent Bitcoin volatility liquidates billions, sends open interest reeling NewIt’s no secret that 2020 has been a crazy year for the crypto markets, with Bitcoin incurring an intense and unwavering uptrend throughout January and February, before erasing all of these gains and nearing its 2018 lows in a sharp movement seen on March 12th. Data now shows just how significant this movement was, with…
Analyst: this simple Ethereum structure point towards a quick recovery to $200 NewThe Ethereum price increased by 16 percent on the day against the U.S. dollar. Prior to the rally, analysts anticipated ETH to see a rapid recovery to $200 in the near-term. Josh Olszewicz, cryptocurrency technical analyst, was one of the few who observed an ascending triangle forming at larger time frames of the Ethereum chart.…
Even after the 50% crash, this Bloomberg analyst thinks Bitcoin is bullish: here’s why NewIt would be fair to say that Bitcoin didn’t perform too well in March. For those who have been living under a rock, the cryptocurrency shed more than 50 percent of its value on Mar. 12 and 13, plunging from a price just shy of $8,000 to lows at $3,800 in a dramatic fashion, liquidating…
Model that predicts 1,300% Bitcoin price rally after halving “fortified” by new report NewIf you have followed the Bitcoin market for any stretch of time, you likely know of PlanB, a pseudonymous quantitative analyst that has garnered immense clout in the crypto-asset space. His claim to fame is an econometric model predicting a $100,000 Bitcoin price in the coming years. While many have laughed off this predicted price…
Here’s why Basic Attention Token’s on-chain metrics are exploding as Gemini prepares listing NewGemini announced that it will be listing Basic Attention Token to its retail platform for U.S. cryptocurrency investors. Following the announcement, on-chain went through the roof. Gemini to list Basic Attention Token In a recent blog post, Gemini, a New York-based regulated cryptocurrency exchange, wallet and custodian, revealed that it will be adding Basic Attention…
Cardano (ADA) product managers say ITN a huge success, Byron reboot will solve major problems NewIOHK’s product managers have said that the Shelley Incentivized Testnet (ITN) has been a huge success, with over 1000 stake pools created and 38 percent of the ada (ADA) supply delegated. The recently implemented Byron reboot has laid the foundation for the mainnet deployment of Shelley, as it will help solve the problems with the…
Bitcoin Bulls Aim Crucial Test of 100-day SMA Near $8K NewBitcoin is up close to 5% and it broke the $7,000 resistance area against the US Dollar. It seems like BTC bulls are now aiming a test of $8,000 or the 100-day simple moving average. Bitcoin is gaining traction and it recently surpassed the $7,000 barrier against the US Dollar. The price is up more...
Ripple (XRP) Retreats From Key Resistance But Bulls Are Comfortable NewRipple is up close to 10% and it broke the $0.2000 resistance against the US Dollar. However, XRP price struggled to gain strength above $0.2025 and it is currently correcting gains. Ripple price is showing a lot of positive signs and it rallied above the $0.1880 resistance against the US dollar. There was a sharp...
Ethereum Rallies 20% But Fails To Surpass 100-day SMA NewEthereum surged close to 20% and climbed above the $170 resistance against the US Dollar. However, ETH price is struggling to gain momentum above the 100-day simple moving average. Ethereum is up close to 20% and it broke the $155 and $165 resistance levels against the US Dollar. The price even tested the $175 resistance...
This Crypto Could Rally 40% in Coming Days After a Highly Bullish Breakout NewThe aggregated crypto market saw a notable rally today that was led by Bitcoin’s surge past the heavy resistance it was facing at $7,000. This allowed altcoins like Tezos to gain some independent momentum, with XTZ significantly outperforming BTC. This momentum seen by Tezos may be just be a hint of what’s coming in the...
What’s Next For Bitcoin Price After It Just Reclaimed $7,300? NewSomehow, someway, the price of Bitcoin has continued to show resilience after March 12’s capitulation event, decisively retaking $7,300 just minutes ago after trying an failing to surmount this level multiple times over the past few days. As of the time of this article’s writing, BTC is trading at $7,295, up 8% from the session...
Bitcoin Price ‘Floor’ to Jump to $7-8K Post Halving NewBitcoin price recently plummeted to under $4,000, bouncing off what may believe is the absolute “floor” for the first-ever cryptocurrency. However, according to data from a top crypto industry analyst, the price floor of Bitcoin could jump to as much as $7,000 to $8,000 immediately after the halving takes place this coming May. But what...
Bitcoin on Track to Form Historic “V-Reversal” as Bulls Surmount $7,000 NewBitcoin saw a sharp overnight rally that allowed it to surge past the resistance that it was previously facing around $7,000, with the crypto appearing to find some stability within this region – something that has not been seen since its capitulatory decline to $3,800 on March 12th. Analysts are now noting that this latest...
The Isolation Insight – Top 50 AI Articles, Papers & Videos from Q1 NewMany of us are stuck indoors and looking for digital content to help us through this period. That said, there are hundreds of thousands of writings per day which include scientific and AI referencing, therefore, we thought we would collate fifty for your perusal. Included below are: A selection of the best AI for COVID-19…
Industry Applications of Data AnalyticsHow applications of Big Data drive various Industries – Big Data & Analytics within the Healthcare Sector are revolutionizing the management of tedious tasks. Big Data has become a game-changer in most of the modern industries if not all in the past few years. While Big Data continues to permeate our day-to-day existence, there has…
CoinGecko CEO: ‘Hard for CoinMarketCap to Stay Neutral’ NewThe recent acquisition of CoinMarketCap by Binance has some in the crypto community speaking out, including CoinGecko CEO Bobby Ong
Brave Tokens Available for Trading on Gemini Starting April 24 NewBasic Attention Tokens thorough privacy-oriented web browser Brave will be available for deposits on Gemini starting April 24
Bitcoin Price Will Go Up as Only Profitable Miners Remain: Data Analyst NewBitcoin price has recovered well from the drop to $3,750 and on-chain data from CryptoQuant suggests BTC miners are doing just as well
Investigating Digital Assets in Japan Stymied by Nature of Crypto NewJapanese tax laws aren’t ready for investors to declare their digital assets just yet, according to top government officials
BitMEX Operator Gives $400K Sponsorship to Cybersecurity Nonprofit NewIn a company blog post, HDR Global Trading announced a $400,000 grant to the cybersecurity nonprofit Shadowserver
Bitcoin Price Rallies Higher but Must Hit $8K to Start a Bull Market NewBitcoin price surged to $7,300 after pushing through a key resistance zone but will bulls be able to press the price to $8,000?
Most of China’s DLT Firms That Closed in 2019 Were Scams or Poorly Planned NewMarket research firm EqualOcean suggest that most Chinese blockchain firms that closed in 2019 lacked in business model or were crypto scams
Ethereum Price Analysis: ETH Rally Could Extend To $188 NewEthereum price rallied recently above the $150 and $160 levels against the US Dollar. ETH price even surged above the $165 resistance and tested the $176 region. Earlier, there was a break above a key contracting triangle with resistance near $142 on the 4-hours chart (data feed from Coinbase). The price could correct a few...…
Getting Green: Bitcoin Sustainability May Be Better Than You Think NewSome say the energy consumption used to mine bitcoin surpasses that of a small country in Europe, others say this statistic could be incredibly misleading. Like so many of the other great luxuries in life: SUVs, air travel, having children… Bitcoin has been under fire after being described as unsustainable by some major media outlets...…
BTC Dark Web Transactions Have Fallen Big Time NewBitcoin has been struck hard by the economic conditions we’re facing, but there appears to be some positivity in all this. Dark web markets – which typically rely on assets like bitcoin and other crypto to clear transactions – are seeing a lot less business these past few weeks as people turn more to cash...…
ETH-Based Keep Network Closes Its Latest Funding Round NewThe Keep Network – which looks to bring a new level of privacy to bitcoin through Ethereum – has closed a funding round that garnered close to $8 million from investors like Paradigm, Collaborative Fund and Para FI Capital. The Keep Network Has a Lot of Money to Its Name The Keep Network is a...…
Men Like Raoul Pal Are Buying Up BTC Like Crazy NewFormer Goldman Sachs fund manager Raoul Pal has warned that the coronavirus’ effects on the global economy are about to get worse. In the meantime, he’s gone ahead and moved more than 25 percent of his portfolio into bitcoin and cryptocurrencies. Raoul Pal Is a Big Fan of BTC This is an interesting notion on...…
Stellar Lumen (XLM) Price Surging Towards $0.050 NewStellar lumen price is currently rising and trading nicely above the $0.0432 resistance against the US Dollar. XLM price is likely to continue higher above the $0.0450 and $0.0475 resistance levels. There is a key bullish trend line forming with support near $0.0418 on the 4-hours chart (data feed via Kraken). The pair could surge...…
Ripple Price Analysis: Bulls Eyeing Crucial Upside BreakRipple price is currently trading nicely above the $0.1680 support area against the US dollar. The price is facing a major resistance near the $0.1875 level. There is a crucial bullish trend line forming with support near $0.1772 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could start a...…
World Economic Forum Looks to Blockchain for Supply Chain Woes NewThe World Economic Forum said Monday that blockchain and digitization can help supply chains survive crises like COVID-19.
Germany’s Crypto Custody Law Hits a Snag: Startups Can’t Get Bank Accounts NewEven though the crypto custody law falls under the German banking act, German banks are hesitant to give crypto firms bank accounts.
Coinhouse Wins First Crypto License From French Regulator NewCoinhouse's new status with the Financial Markets Authority should help the firm get banking services in France and bigger institutional clients.
Nestlé Partners With Rainforest Alliance to Trace Coffee Beans NewNestlé has added its Zoégas coffee brand to the IBM Food Trust blockchain and partnered with the Rainforest Alliance to bolster the coffee’s data traceability.
How Disruption Makes Humanity Stronger, Feat. Emerson Spartz NewEmerson Spartz and NLW discuss how creativity and digital work flourish as people are forced to improve how they use the internet and technology.
China Is Winning the Coronavirus Information War NewThe coronavirus crisis creates a geopolitical opportunity for China, starting with digital currencies, says Teddy Fusaro of Bitwise.
China Will ‘Undoubtedly’ Pursue Digital Yuan, Central Bank Says NewThe People’s Bank of China has sent one of its strongest signals yet of a commitment to creating a digital national currency.