Day: February 4, 2020

Tesla Stock Now Looks Exactly Like Bitcoin at $20K in 2017

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Bitcoin (BTC) hit all-time highs of $20,000 in December 2017 before retracing — but another stock is now echoing its journey to an almost identical degree. Data from markets collated by crypto venture capitalist Mike Novogratz on Feb. 3 shows that Tesla stock ($TSLA) is currently closely mimicking Bitcoin from 2017. $TSLA hits record levels Placing BTC/USD from that year over Tesla stocks from 2019, the extent of the two assets’ correlation becomes immediately clear. Bitcoin took almost exactly as long to go from $1,000 to $20,000 as Tesla did…

The Controversial S2F Model Predicts Bitcoin Price Will Reach 100,000 USD Within 2 Years

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The current price of BTC is roughly in line with the popular stock-to-flow (S2F) system for technical analysis, and if the trend continues some speculate the price of the asset could reach $100,000 within the next two years. Though the S2F tool is still a controversial metric, and various groups have hampered the asset’s capacity previously, the market appears nonetheless to be viewing BTC as a potential reserve currency of the future. Also Read: 5 Mining Operations Command More Than 50% of BTC’s Network Hashrate Stock-to-Flow Stock-to-flow analysis, also known…

Top Graphics Cards That Will Turn a Crypto Mining Profit

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The hype cycles around cryptocurrencies are comparable in their ups and downs to the British weather. This is primarily due to high volatility, which can reduce the entire stash of a potential investor to almost nothing.  Those who believe in the growth and prospects of cryptocurrencies are constantly in search of various ways to turn a quick profit. There are various platforms — for example, crypto exchanges — where it is possible to earn on digital currencies without investing in equipment. This method is suitable for those who follow exchange…

Bitcoin Reaches Crucial Juncture: Breakdown Below This Level Could Spark Vertical Drop

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Bitcoin price failed to continue above the $9,500 resistance and declined recently against the US Dollar. BTC could either bounce back from $9,150 or it might decline heavily. Bitcoin bulls are fighting hard to protect the key $9,200 and $9,150 support levels against the US Dollar. The price remains at a risk of a sharp decline if there is a break below $9,150. There is a declining channel forming with resistance near $9,320 on the hourly chart of the BTC/USD pair (data feed from Kraken). The bulls need to gain…

This Technical Breakout Suggests Ripple (XRP) Could Rally To New 2020 High

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Ripple found support near the $0.2460 area and climbed higher against the US Dollar. XRP price surpassed the key $0.2500 resistance to open the doors for more upsides. Ripple price is showing positive signs above $0.2500 and $0.2520 against the US dollar. The price bounced back nicely after testing an important support area near $0.2450-$0.2460. There was a break above a major bullish flag pattern with resistance near $0.2525 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely to continue higher and it…

Gartner Research: Smart Contract Adoption to Increase Data Quality by 50% Over 3 Years

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Research conducted by Gartner Inc. predicts a 50 percent increase in overall data quality by 2023 for all businesses and organizations using blockchain smart contracts. “When an organization adopts blockchain smart contracts, whether externally imposed or voluntarily adopted, they benefit from the associated increase in data quality,” said Lydia Clougherty Jones, senior research director at Gartner in a recent blog post. However, data availability is set to decline over the same period due to blockchain technology replacing traditional business processes by initiating smart contracts and eliminating all access to data…

Blockchain Plays an Unlikely Role in the Global Battle for Human Rights

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It’s a nightmarish scenario that is sadly familiar to many who are seeking work in foreign countries. Slavery and human trafficking — these are criminal industries that continue to flourish in many regions across the globe.  Such problems may seem distant and abstract to the average consumer in more developed regions, but it’s a very real problem for millions of people. Many retail products can be traced back through supply chains, linking consumers to some of the 45 million people in 167 countries that are reportedly trapped in modern slavery.…

Ethereum Bulls Are Not Done Just Yet: This Key Setup Shows Uptrend Intact

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Ethereum price is trading in a positive zone above the $185 support against the US Dollar. ETH remains well bid and it is likely to bounce back from the 100 hourly SMA. Ethereum is currently correcting lower from the $195 yearly high against the US Dollar. The price is now approaching a couple of important supports near the $185 level. There is a bullish flag pattern forming with resistance near $192 on the hourly chart of ETH/USD (data feed via Kraken). Bitcoin price is struggling to settle above the $9,500…

Platform Will Support More Cryptocurrencies and Possibly Lightning Network

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During an exclusive interview with Cointelegraph, BitPay CEO Stephen Pair said that the platform would soon add support for more cryptocurrencies, along with a possible Lighting Network integration. While Pair was unable to disclose which cryptos would be added to the platform next, he mentioned there’s focus on the top performing blockchains with the highest market capitalization. He said: “I’m not going to specifically name which ones we will add, but you can look at CoinMarketCap to see all the top blockchains and come up with good guesses in what…

How To Buy Bitcoin and Other Cryptocurrencies Using Paypal

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These days there are myriad ways people can purchase cryptocurrencies, and the payment platform Paypal is a popular choice. Multiple crypto brokerage services and exchanges allow people to buy digital currencies with the payment option. The following post is a simple guide and list of exchanges that support Paypal payments so you can get started buying crypto with the service. Also Read: How To Start Using Bitcoin: Buying, Storing, and Spending Crypto Buying Cryptos With Paypal The cryptocurrency ecosystem is 11 years old and there are more ways than ever…