Day: December 14, 2019

43% of Investors Interested in Bitcoin Are Women: Grayscale Survey

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A report published on Dec. 4 by Bitcoin (BTC) fund operator Grayscale suggests that 43% of investors interested in Bitcoin are women. The study involved 1,100 United States investors of ages between 25 and 64 surveyed between March 28 and April 3, 2019. All the respondents were involved in personal investing and held at least $10,000 in investable assets with at least $50,000 in household income. Bitcoin not as male-dominated as believed? As the report points out, cryptocurrencies are believed to be a predominantly male space. Additionally, GoogleAnalytics suggests that…

Bitcoin Price Must Hit $7.3K to Avoid Bearish Bollinger Band ‘Squeeze’

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Bitcoin (BTC) briefly fell back below $7,200 on Dec. 14 as bearish sentiment continued to pervade cryptocurrency markets. Cryptocurrency market daily overview. Source: Coin360 Bollinger: Bitcoin preparing for next breakout Data from Coin360 showed BTC/USD hit a sharp downturn on Saturday, losing around $70 in a matter of minutes and abandoning ground gained on Friday.  Over the past 24 hours, Bitcoin hit local highs of $7,290 but still failed to break out of its general downtrend, which has persisted throughout the past week. Bitcoin seven-day price chart. Source: Coin360 Nonetheless,…

$300M Lawsuit Filed Against Crypto Exchange BitMEX for Concealing Investor’s Equity

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One of the most prominent cryptocurrency exchanges, BitMEX, is being sued for $300 million after it allegedly did not meet its equity and stiffed an investor. According to the lawsuit filed against the crypto company by Frank Amato and RGB Coin Ltd., who were one of the first seed investors of BitMEX back when it had started in 2015, they will now be pursuing action against the company and its CEO, Arthur Hayes. The details of the lawsuit show that an initial investment of $30,000 by the plaintiff was promised…

Myths and Realities: Sentiment Analysis for Crypto Assets

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From an informational standpoint, the crypto market is noisy and full of unexpected events. In terms of sentiment analysis, that combination of factors is a nightmare. Instead of narrowly focusing on sentiment analysis, we should probably develop a more holistic approach. A sentiment-market impact indicator would be a combination of polarity (negative, positive, neutral), emotion (anxious, excited, sad…) and aspect-based (topics, entities…) analysis over long periods of time. This approach would require the training of models specialized in the dynamics of crypto assets to evaluate the sentiment in the context…

TikTok Owner Reportedly Working With Chinese State Media on Blockchain

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Owner of major social media app TikTok, ByteDance, has launched a joint venture with state-owned Chinese media group and ThePaper.cn operator Shanghai Dongfang Newspaper to develop business models that include blockchain and artificial intelligence (AI), Bloomberg reported on Dec. 14.  TikTok may use blockchain and AI to fight Deepfakes The joint venture was launched in the capital of eastern China’s Shandong province, Jinan, on Dec. 10 with a registered capital of 10 million yuan ($1.43 million). ByteDance owns 49% of the venture while the rest is owned by the Chinese…

Europe’s New Regulations Force Bitcoin Service Bottle Pay to Shut Down

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The Bottle Pay service, which allowed users to send Bitcoin (BTC) via social media accounts, announced on Dec. 13 that it would be shutting down due to Anti-Money Laundering (AML) regulations.  Funds will remain available for withdrawal until 13:00 GMT on Dec. 31, 2019. New user data collection would negatively impact user experience Bottle Pay, developed by United Kingdom-based company Block Matrix, enabled Bitcoin payments to any social media contact regardless of whether they had an account or not.  Just two months ago, the company raised $2 million in funding,…

Christmas Comes Early for Bitcoin.com Games Players

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Bitcoin.com’s very own online gaming platform has a special promotion for the holiday season. Each day for the next 12 days, the players ranking in the top 10 places on the Stars leaderboard will be eligible to participate in a daily Christmas raffle. Players can win gift cards from Adidas, Columbia, Footlocker, Delta, and other major brands. Also Read: Nexo Now Offers Bitcoin Cash Instant Crypto Credit Lines Bitcoin.com Games Launches Special Promotion for Holiday Season Christmas has come early for Bitcoin.com Games users. The online casino has launched a…

Former Silk Road Administrator Thinks Bitcoin will Smash $100k in 2020

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Ross Ulbricht thinks that the price of Bitcoin is going to have a big upward rise that could lead it to the goal of $100k dollars. According to what Independent reported on December 13, Ulbricht would base its analysis on the Elliot Wave Theory. Market Analysis of a Prisoner Even being locked up in a maximum-security cell, Ross Ulbricht continues to demonstrate his interest in Bitcoin. The former administrator of Silk Road communicates mainly with the outside world through his Twitter account, on which he tells of his experiences and…

Blockchain Pilot Makes Waves in Russia’s Energy Sector

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Earlier this week, Russian tech startup Waves announced it has been testing a blockchain solution for payments in the retail electricity sector. The pilot program was initiated by Rosseti, Russia’s national energy grid operator, which is looking to automate and make transactions between energy producers, suppliers and consumers more transparent. Now that the first stage has been successfully completed, the partners will proceed to scale up their efforts. Ultimately, they envision rolling the blockchain-powered solution out nationwide. Blockchain and energy: What makes them work together? According to Wood Mackenzie, a…

Blockchain Pilot Makes Waves in Russia’s Energy Sector

boss

Earlier this week, Russian tech startup Waves announced it has been testing a blockchain solution for payments in the retail electricity sector. The pilot program was initiated by Rosseti, Russia’s national energy grid operator, which is looking to automate and make transactions between energy producers, suppliers and consumers more transparent. Now that the first stage has been successfully completed, the partners will proceed to scale up their efforts. Ultimately, they envision rolling the blockchain-powered solution out nationwide. Blockchain and energy: What makes them work together? According to Wood Mackenzie, a…