Month: March 2020

Ripple (XRP) Rallies 10% and Poised To Test $0.20: Here’s Why

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Ripple is up around 10% and it broke the key $0.1650 resistance zone against the US Dollar. XRP price remains in a nice uptrend and it could continue to rise towards $0.2000. Ripple price started a strong rise above the $0.1640 and $0.1650 resistance levels against the US dollar. The bulls were able to push the price above $0.1750 and a high was formed near $0.1808. There is a short term contracting triangle forming with resistance near $0.1780 on the hourly chart of the XRP/USD pair (data source from Kraken).…

Blockchain Set to Stamp Out Cheating in World Chess Competition

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The 2020 Chess Candidates Tournament in Ekaterinburg, Russia has been postponed due to the coronavirus, but organizers are already looking to the future and how blockchain can give the sport a boost.  The tournament pitted eight grandmasters against each other for the right to take on world champion Magnus Carlsen, but had to be halted after seven rounds when news emerged Russia was about to suspend international flights indefinitely. World Chess told Cointelegraph it was examining moving matches online and introducing blockchain technology. Opportunity for chess Ilya Merenzon, CEO of…

Bitcoin Hashrate Down 45% – Miners Witness Second-Largest Difficulty Drop in History

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‘Buy Bitcoin’ Searches Skyrocket, Volumes Spike, Account Signups Swell As Coronavirus Fears Heighten Exchange data and statistics from Google Trends, Twitter, and Baidu show that despite the recent price drop people are looking to buy bitcoin. During the week of the crypto market massacre that started on March 12, Coinbase broke traffic records … read more. While You’re Under Quarantine, Check These Sites for Remote Crypto Jobs If you are on the lookout for a job in these pressing times, when the coronavirus pandemic has limited public movement and shut…

Ethereum is Primed For a Rally And Only 1 Thing is Holding it Back

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Ethereum is still facing a strong resistance near the $142 and $144 levels against the US Dollar. A successful close above $144 could start a strong increase in ETH price in the near term. Ethereum is struggling to gain bullish momentum above the $142 zone against the US Dollar. The price is currently trading nicely above the $135 support and the 100 hourly simple moving average. There is a key declining channel forming with resistance near $142 on the hourly chart of ETH/USD (data feed via Kraken). The bulls are…

Suspicions Grow During BitBay’s 18-Hour Outage

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Estonia-based cryptocurrency BitBay has been offline for 18 hours now, citing problems caused by a third-party service provider. On March 26, BitBay tweeted that it was struggling with a “network problem” resulting from their “external service provider.” The exchange stated that it had contacted the provider and was working on resolving the problem. Founded in Poland in 2014, BitBay claims to be the third-largest cryptocurrency exchange in Europe with more than 800,000 users.  BitBay suffers outage for a day Four hours after going offline, the exchange announced that the issue…

Ripple Labs Donates $200k to Combat COVID-19 Pandemic

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Ripple Labs announced a donation of $200,000 to two different non-profit organizations on March 25. These donations will aid in the fight to contain the spread of the coronavirus throughout the U.S. In a tweet published on Ripple’s official profile, the lab stated that $100,000 will go to the Tipping Point Emergency’s Response Fund and the Silicon Valley Community Foundation’s COVID Regional Response Fund, respectively. California’s non-profits favored by the Ripple Labs donation Tipping Point, which is a San Francisco-based non-profit organization, works to combat poverty in the California city thanks…

Bison Trails Announces Support For Solana Protocol

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Blockchain infrastructure-as-a-service company and Libra association member, Bison Trails, announced support for Solana on March 26. Solana is an open-source project that implements permissionless blockchain technology. Solana’s protocol uses a new approach to establish the order of blocks, called Proof-of-History, and will be available at mainnet launch on the Bison Trails platform. As the company details, Solana currently supports 50-65K transactions per second and 400ms block times, with 50 nodes on its public testnet. Benefits attached to the partnership In dialogue with Cointelegraph, Joe Lallouz, CEO of Bison Trails, commented…

Chances Are, Bitcoin Will Soon Explode 20% Higher to $8,000: Here’s Why

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Despite the brutal crash seen earlier this month, Bitcoin has performed extremely well over the past few days, rallying from the $5,000s to a price as high as $7,000 just the other day. The bullish momentum has petered out over the past few days, with BTC stalling in the mid-$6,000s, but a simple technical factor suggests that the cryptocurrency will soon resume its rally higher. Related Reading: House Democrats Propose ‘Digital Dollar’ in Move Big For Bitcoin: Here’s Why Bitcoin Could Soon Rally Towards $8,000: Simple Technical Factor The rally…

Chances Are, Bitcoin Will Soon Explode 20% Higher to $8,000: Here’s Why

boss

Despite the brutal crash seen earlier this month, Bitcoin has performed extremely well over the past few days, rallying from the $5,000s to a price as high as $7,000 just the other day. The bullish momentum has petered out over the past few days, with BTC stalling in the mid-$6,000s, but a simple technical factor suggests that the cryptocurrency will soon resume its rally higher. Related Reading: House Democrats Propose ‘Digital Dollar’ in Move Big For Bitcoin: Here’s Why Bitcoin Could Soon Rally Towards $8,000: Simple Technical Factor The rally…

AI Meme Content Creators Benefit From New DeFi Revenue Model

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Alethea AI, a decentralized Synthetic Content Network which tracks the usage and intellectual property of AI-generated content, has officially launched a new revenue model leveraging Decentralized Finance(DeFi) for content creators on March 30.  DeFi plays an important role  Alethea AI’s users can now leverage a new smart contracts revenue model to support their favorite synthetic AI-generated memes creators, according to the announcement.  Users staking Dai can generate interest through the Compound.Finance protocol. This revenue can then be used to support the creation of synthetic memes. At the same time, users…