Monthly Archives: May 2020

Halving Sell-Off Temporary, BTC to Hit $20,000 by Year End, Says Billionaire Investor Novogratz

Bitcoin (BTC) may not have pumped at the scale expected by many halving optimists, but Wall Street billionaire Michael Novogratz insists that the price will hit $20,000 by year-end. The Galaxy Digital founder and chief executive officer on Monday told CNBC that bitcoin’s surge was inevitable in light of the record money printing by world central banks. “The (Bitcoin) halving was quantitative tightening,” Novogratz explained, noting the new coronavirus inspired stimulus packages, which have pumped trillions of dollars into world economies overnight. “It’s like an exclamation point […]

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Key Bitcoin Price Metric Shows Drop in Investor Fear After BTC Halving

Bitcon’s implied volatility dropped sharply after the halving but what does this mean for BTC investors? Recent data from Skew shows that Bitcoin’s (BTC) implied volatility plummeted after yesterday’s halving occurred. Generally, volatility is at the heart of any professional trader as it measures daily average price oscillations and gives insight into market conditions.  As previously reported by Cointelegraph, Bitcoin’s halving event tends to increase volatility due to its significant uncertainties. Traders anticipated that the price would either rally or dump during and after the event, thus […]

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Privacy Indifference is Conditioned, Zcash Company Says

More people care more about their data and privacy than companies would like the public to believe. While thousands of companies and entities look to grab people’s data for various reasons, the commonly stated idea that folks don’t care about privacy is untrue, according to the Electric Coin Company, the entity behind privacy-focused crypto asset Zcash.   Citing inconvenience and other excuses, some people claim they do not care about privacy, Electric Coin Company Product marketing staff Elena Giralt said in a presentation at CoinDesk’s digital Consensus 2020 […]

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Metal Pay’s New Blockchain Allows Bank and Payment Platform Integration

Metal Pay, with its new mainnet blockchain Proton, makes different banks and payment platforms compatible with each other, as well as the digital asset world. Proton, a new delegated proof-of-stake blockchain from crypto payment solution Metal Pay, allows digital asset and fund transfers across multiple channels.  “It’s a Blockchain that’s integrated into your bank,” Metal Pay CEO Marshall Hayner told Cointelegraph. “It’s a universal network for payments.” As long as payment platforms integrate the Proton blockchain, customers can send payments across non-native platforms, according to Hayner.  Proton […]

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Study: Communication and Education Are Key To Building Trust in Crypto

A study revealed that three out of four people surveyed among two million respondents are not familiar with cryptos and blockchain technology. Open communication on the downsides, benefits, and educational programs could help to increase trust in cryptos and create a positive outlook towards technologies such as blockchain. Those were the findings in Edelman’s study published on May 12. The global communications firm concluded that the more people know about crypto, the more they see the potential for the positive impact they can have. The report says […]

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Bitcoin Network Is at Peak Health Post-Halving, Report Shows

A report indicates that despite concerns over mining after the halving, the health of the Bitcoin network remains excellent. A recent report from Glassnode indicates that Bitcoin (BTC) network health is close to its maximum despite the recent halving of miner rewards. On-chain BTC Index The company has recently introduced its on-chain BTC Index (GNI) that captures a number of key on-chain metrics and combines them into easily digestible charts and numbers.  Source: Glassnode The GNI has decreased from 76 points to 74 points since last week.  […]

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Buying Corporate Bonds and ETFs: US Federal Reserve Continues to Bailout ‘Too Big to Fail’

The U.S. Federal Reserve has continued its schemes of monetary easing and funding a number of private banks during the Covid-19 outbreak. On Monday evening, the Fed revealed it would be buying corporate bonds and exchange-traded funds using the entity’s Secondary Market Corporate Credit Facility (SMCCF). Additionally, financial analysts from Wall Street on Parade have continued to expose the Fed’s tactics. The investigative journalists note that the American populace needs to know: “[The Fed must be] stripped of its ability to bail out the trading firms on […]

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Austrian Government-Backed Project Will Use Blockchain to Find Waste Heat Spots

The Austrian government is backing a project that would let citizens submit data about industrial waste heat spots for district heating, receiving tokens as reward. An Austrian project is set to use blockchain to help find waste heat hotspots in the cities of Vienna and Graz.  Launched by the Austrian Institute of Technology (AIT) on May 12, HotCity is creating a gamification system to crowdsource hotspots around the city and channel them to provide public heating. The platform will use the Ignis blockchain, part of the Ardor […]

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New Cryptic Chinese Operation Instantly Becomes Sixth-Largest BTC Mining Pool

A new Chinese mining pool swiftly takes 5% of the Bitcoin mining pie, while its origins remain unknown. New China-based mining pool Lubian accounts for 5.15% of the total Bitcoin (BTC) hash rate, just three weeks after processing its first block. The pool was originally spotted by BlockBeats, a Chinese blockchain news outlet, on May 12.  Lubian is currently the sixth-largest mining pool, with a 6.30 EH/s hash rate, data obtained from btc.com shows. The operation first surfaced on April 24, when it found block #627,441. According […]

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UN Paves Path for Sustainability in Seafood Industry Using Blockchain

The United Nations has released a report to raise governmental and international awareness for blockchain’s application in the seafood value chain. Blockchain has become one of the most discussed technologies in relation to supply chain management, given its ability to provide transparency and traceability within a number of value chains. The Food and Agriculture Organization of the United Nations recently published a report titled “Blockchain Application in Seafood Value Chains” to raise governmental and international awareness on the role of blockchain in the seafood industry. Key points […]

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