Monthly Archives: April 2020

Bitcoin Price Rallies Higher but Must Hit $8K to Start a Bull Market

Bulls take control of the market by breaching $7,300 but as $8,000 approaches what is next for Bitcoin price? Bitcoin (BTC) closed the week up 15.4% at $6,775 and has started the day with a further 6% move to the upside, breaching the $7,000 handle and making highs at $7,300.  Looking at performance relative to its peers, Ether (ETH) and EOS have posted an impressive 16% gain over the last 24 hours. As a result, Bitcoin dominance is down 1.5% at 65%. Crypto market daily price chart. […]

More info

Most of China’s DLT Firms That Closed in 2019 Were Scams or Poorly Planned

Most of the blockchain firms that closed in 2019 were cryptocurrency scams or had a lacking business model, according to recent research. Most of the blockchain firms that closed in 2019 were cryptocurrency scams or had deficient business models, according to recent research. Research sent to Cointelegraph by Chinese market research firm EqualOcean on March 26 suggests that most blockchain-backed Chinese businesses that halted their activity last year had major flaws. Short-lived companies The report found over 70 blockchain projects that shut their doors last year. Among […]

More info

Major Chinese Mining Pool Drops out of BTC Mining Race, Looking to Altcoins

Baite, formerly one of the top Chinese mining pools, has dropped out of the BTC mining race in favor of altcoins. Although the Bitcoin hashrate has increased 33% in the last 48 hours the mining industry still faces uncertainties. This has left Baite mining pool, one of the top Chinese pools with no choice but dropping out of the mining race.  According to local blockchain media on April 6, Chinese mining company Valarhash’s Baite mining pool hash rate decreased significantly from 4000 to 200 petahashes per second […]

More info

Tezos Co-Founder Hints That Her Trading Card Game Will Use Alternative Blockchain

Tezos co-founder Kathleen Breitman suggested in a Reddit post the possibility of not using Tezos’ blockchain for her new trading card game. Tezos co-founder Kathleen Breitman has left open the possibility that her trading card game Emergents may not be built on the company’s blockchain, according to statements made on April 5. According to the Reddit post, Kathleen pointed out that Emergents might not be using Tezos blockchain technology, saying she had not yet decided on the platform she will use in the game. In a comment […]

More info

Price Analysis April 6: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, LEO

Many major cryptocurrencies are breaking out of their critical overhead resistance levels and it seems the uptrend is likely to continue for the next few days. During a crisis, the first thing panic-stricken investors do is to sell almost every asset class they perceive is likely to go down. However, after the panic settles down, the bottom fishers step in and start buying the assets that show value. We have seen both of these phases play out for cryptocurrencies. The sharp selloff on March 12 was a […]

More info

Ethereum Creator Picks Two Worst Bull and Bear BTC Predictions Ever Made

Vitalik Buterin, the creator of Ethereum, outlines how important it is to remember massively off-the-mark BTC price predictions from McAfee and Dr. Doom. As the world’s biggest cryptocurrency, Bitcoin (BTC) is highly volatile, once surging from $1,000 to $20,000 in the span of just over a year. The coin has become the subject of infinite price predictions. Both optimistic and negative, some of these predictions have turned out to be extremely inaccurate. Vitalik Buterin, the well-known co-creator of the Ethereum network and its native cryptocurrency Ether (ETH), […]

More info

Rune Christensen: ‘Our Job Is to Support Whatever the Maker Community Decides’

MakerDAO founder Rune Christensen talks Black Thursday and the foundation’s mysterious radio silence on the matter. As the dust begins to settle over MakerDAO’s Black Thursday incident, the team is now returning to a normal working pace. We took the opportunity to catch up with Rune Christensen, one of the original founders of the protocol, for a full recap of the situation and what it means for Maker (MKR).  Christensen had been oddly quiet as the events were unfolding, never joining any forum discussion or issuing comments […]

More info

Researchers Design Blockchain-Based Digital Court In Japan

Professors in Japan unveiled a blockchain system to settle legal disputes through a “digital court.â€� A group of researchers has devised a blockchain-based mechanism to perform legal functions in a so-called “digital court,” according to an April 6 announcement. Professors Hitoshi Matsushima from the University of Tokyo, and Shunya Noda from the University of British Columbia, have been leading the project, which aims to settle legal disputes without the need for a “costly legal process.” In the announcement, the University of Tokyo clarified that this would be […]

More info

Blind Faith in S2F Models: Analysts Question Measuring Bitcoin’s Price With Stock-to-Flow

One 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 was extremely popular and translated into multiple languages. However, skeptics believe the S2F model is faulty and it’s most prominent supporter has said S2F is not entirely accurate, but “an order of […]

More info

Charities Are Turning to Bitcoin Amid the Global Fight Against Coronavirus

Large charitable organizations embrace Bitcoin and other crypto donations as the usefulness of crypto in times of crisis emerges. In the war against the novel coronavirus, cryptocurrencies are emerging as a much-needed tool for charity and fundraising projects. Already there are a number of large nonprofits accepting Bitcoin donations. Plus, some blockchain and crypto firms are contributing medical supplies to hospitals in an attempt to curb the virus, while others are setting up fundraisers and charities that are aimed at helping its victims. As a number of […]

More info
1 2 3 5