Day: February 11, 2020

Childhood Friends Battle Over Ownership of North America’s Largest Bitcoin Mine

boss

Just four years ago, two lifelong friends from New Orleans turned a small initial investment into the largest crypto miner in North America. When their company, Coinmint, bought a former Alcoa plant in upstate New York, they brought hope the new economics of cryptocurrencies would revive a region that suffered with the decline of American manufacturing. But just as they should be preparing for the impending “halving” of bitcoin in May – an era-defining moment for the industry –  the four-year-old company is now grappling with an existential threat: a…

Chinese Insurers Tap Blockchain to Speed up Coronavirus Payouts

boss

Blockchain technology is reportedly helping to streamline medical paperwork processing for insurance service providers as global coronavirus containment efforts continue. Leveraging blockchain’s ability to process information transparently and efficiently, insurance service providers are relying on the technology to speed up claims payouts in over 27 coronavirus affected Chinese cities, as well as Hong Kong, according to a report by South China Morning Post on Sunday. Xiang Hu Bao, an Chinese online mutual aid platform owned by Ant Financial, has added the coronavirus to its list of eligible claims, enabling a…

Bitcoin Price Has Set $8.2K Floor, $100K Coming Before 2022 — Analyst

boss

Bitcoin (BTC) may dip below its 200-week moving average price but will stay above $8,200, one of the industry’s most respected analysts has said. In a series of tweets on Feb. 10, PlanB, creator of the stock-to-flow Bitcoin price forecasting tool, also predicts BTC/USD would trade “above $10,000” by May.  PlanB: stock-to-flow still on track This is around the date of Bitcoin’s block reward halving, which would kick off the “bull run” sending the cryptocurrency to $100,000 before December 2021. PlanB released the predictions describing them as his “2 sats…

How to Buy Bitcoin – 5 Quick and Simple Ways to Get Started

boss

If you’re one of the many people looking to get into bitcoin for the first time, it doesn’t have to be hard. There are more than a few easy routes to acquiring cryptocurrency and this article aims to outline five of them. By way of these simple avenues for purchasing bitcoin you can be stacking and spending satoshis in no time. Also Read: Bitcoin Taxation Support Growing Industry – Here are 5 Useful Cryptocurrency Tax Calculators Getting Into Bitcoin As the crypto market is alive with gains recently, renewed interest…

HyperDAO Gets Listed for Token Sale on OKEx Jumpstart

boss

OKEx, the leading crypto assets exchange and trading platform, through its OKEx Jumpstart program has announced the launch of a new token sale. The HyperDAO (HDAO) sale set to go live on Feb 25, 2020 will become the 10th such offering of the program as it aims to promote the development and adoption of blockchain infrastructure across industries. The HyperDAO project is said to have found a place in the OKEx Jumpstart program due to its potential to develop an efficient, transparent and reliable decentralized finance (DeFi) ecosystem. Upon realization,…

Why Jadon Sancho’s Rumored Liverpool Transfer Makes Zero Sense

boss

Jadon Sancho is expected to leave Borussia Dortmund in the summer of 2020 Liverpool are one of the clubs to be hunting for his signature in recent months. But the England international does not match the Reds’ famous and smart recruitment policy. Liverpool have become known to be one of the best-run clubs in European football. That led them to win the UEFA Champions League by beating Tottenham Hotspur last season. And that is why they already have one hand on the Premier League title. A key part of the…

Why Jadon Sancho’s Summer Transfer to Liverpool Makes Zero Sense

boss

Jadon Sancho is expected to leave Borussia Dortmund in the summer of 2020 Liverpool are one of the clubs to be hunting for his signature in recent months. But the England international does not match the Reds’ famous and smart recruitment policy. Liverpool have become known to be one of the best-run clubs in European football. That led them to win the UEFA Champions League by beating Tottenham Hotspur last season. And that is why they already have one hand on the Premier League title. A key part of the…

Bitmain, Ebang, Canaan, MicroBT to Control Bitcoin Mining Market in 2020

boss

Four firms are controlling the Bitcoin mining rigs production industry. The biggest gainer? Obviously Bitmain, but who else is in charge of the chip production? TokenInsight has prepared a report saying that by the end of 2020, these four firms will take complete control over the Bitcoin mining market. Those are the Bitmain, Ebang, Canaan, and MicroBT. During 2020, the companies will eat out 3 percent more from the mining market’s cake. Now, they cumulatively control more than 95% of the network. By the end of 2020, 98% of the…

Is This The Start Of Another Decline In Bitcoin Or Buy Opportunity?

boss

Bitcoin price formed a short term top near $10,200 and declined recently against the US Dollar. BTC might continue to decline, but the bulls are likely to remain active above $9,500. Bitcoin is slowly correcting lower below $10,000 and $9,850 against the US Dollar. The price even broke the $9,800 area and it might extend its downside correction. There is a key declining channel forming with resistance near $9,785 on the hourly chart of the BTC/USD pair (data feed from Kraken). There are chances of a bearish spike towards $9,500…

Ripple (XRP) Drops 5% On The Day And It’s Vulnerable For Bigger Decline

boss

Ripple is declining from the $0.2900 resistance area against the US Dollar. XRP price broke $0.2700 and it could continue to correct lower towards the $0.2600 support. Ripple price started a downside correction after it failed to test $0.3000 against the US dollar. There was a break below the $0.2800 and $0.2700 levels. There is a key declining channel forming with resistance near $0.2735 on the hourly chart of the XRP/USD pair (data source from Kraken). The price could continue to move down towards $0.2600 or $0.2540 in the near…