Day: April 20, 2020

A Calm MATIC is Staging a Wild Bull Run Scenario; Here’s Why

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MATIC is trending sideways after bottoming out in mid-March. The underperforming token is, nevertheless, flirting with key resistance area to pursue a breakout. Favorable fundamentals hint a near-term bullish scenario for the cryptocurrency. Matic, a cryptocurrency that underwent a huge pump-and-dump last year, has been unable to revive its bullish momentum in 2020. The low-cap token bottomed at 154 sats in Mid-March after a Coronavirus-induced panic sell crashed the entire cryptocurrency market by 55 percent. While the top assets later rebounded impressively, MATIC managed only to recover to as high…

BCTR Online Etkinlik: "Sorularla Blockchain"

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io BCTR tarafından yayımlanan “Sorularla Blockchain” kitabı yazarı Turan Sert ile birlikte gerçekleştirdiğimiz bu online etkinliğimizde, yazarından “Sorularla … ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Bitcoin, Ether, and XRP Weekly Market Update April 20, 2020

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The total crypto market cap added $12.6 billion to its value in the last seven days and now stands at $208.1 billion. The top 10 currencies were all in green for the same time period with Ether (ETH) and Tezos (XTZ) leading the pack with 17 and 15 percent of gains respectively. By the time of writing Bitcoin (BTC) is trading at $7,170 while ether (ETH) climbed up to $182. Ripple’s XRP reached $0.193. BTC/USD Bitcoin remained flat on Sunday, April 12 even though it was trading in the wide…

This Is Bitcoin’s Fifth Green Week in a Row. Analysts Think It’s Unlikely the Last

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Somehow, someway, Bitcoin has managed to rally over the past five weeks, amid the most uncertain economic conditions we’ve seen in years, even more so than since 2008’s Great Recession. The rally has been so strong that since the March 12th “Black Thursday” crash, the cryptocurrency has managed to print five — yes, five — green weekly candles in a row for the first time since 2019’s small bull run, as analyst JofDom noted. That’s to say, if Bitcoin closes above ~$7,150 next Sunday, there will be six weeks in…

This Is Bitcoin’s Fifth Green Week in a Row. Analysts Think It’s Unlikely the Last

boss

Somehow, someway, Bitcoin has managed to rally over the past five weeks, amid the most uncertain economic conditions we’ve seen in years, even more so than since 2008’s Great Recession. The rally has been so strong that since the March 12th “Black Thursday” crash, the cryptocurrency has managed to print five — yes, five — green weekly candles in a row for the first time since 2019’s small bull run, as analyst JofDom noted. That’s to say, if Bitcoin closes above ~$7,150 next Sunday, there will be six weeks in…

Facebook’s Calibra Has 50 New Jobs in the Pipeline for Its Dublin-Based Team

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Facebook’s Calibra is looking to create 50 new roles for its workforce in Ireland, as the firm seemingly bucks the trend of private-sector layoffs during the coronavirus crisis. An Irish Times report on April 20 revealed that Calibra’s small team in Dublin is set to be significantly expanded this year, with Facebook noting that its Irish operations are “critically important” for its roadmap. Calibra’s Irish expansion still depends on regulators’ cooperation Based in Ireland since 2009, Facebook employs 5,000 people in the country across its various partner firms, such as…

Tencent Taps DAML Smart Contract Language for Chinese State Blockchain Network

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Tencent’s digital bank WeBank is exploring the integration of the DAML smart contract language for its consortium blockchain FISCO BCOS — the chain that will undergird China’s national Blockchain-Based Service Network (BSN). On April 16, WeBank announced that integration of the Digital Asset Modeling Language (DAML) — open sourced by its creator, software firm Digital Asset, last year — would help it deliver pioneering blockchain solutions across finance, supply chain and other sectors in China and worldwide. Developed back in 2016, DAML is an expressive language designed for financial institutions…

Hong Kong: SFC Approves Bitcoin (BTC) Fund Geared Toward Institutional Investors

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According to a Bloomberg report published on April 19, 2020, Hong Kong-based Venture Smart Asia Ltd. Has launched the country’s first approved cryptocurrency fund that targets a first-year size of $100 million. The fund gives an official opportunity to institutional investors to add some Bitcoin (BTC) exposure to their portfolios. Hong Kong Regulator Approves Bitcoin Fund In an encouraging development for the global cryptocurrency ecosystem, Arrano Capital – Venture Smart’s blockchain arm – has announced the rollout of its Bitcoin fund. Per sources close to the matter, the firm’s BTC…

BitMEX Joins COVID-19 Relief Efforts with Dedicated $2.5M Fund

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Seychelles-registered crypto derivatives exchange BitMEX has become the latest industry actor to join philanthropic efforts to fight the COVID-19 global health crisis. On April 20, the exchange’s operator, HDR Global Trading, launched a dedicated COVID-19 Response Fund and announced its contribution of a total $2.5 million in grants to four recipients. The company contends that as a fintech, the best way for it to contribute to global efforts is through “strategically directed funds [that] can fill gaps in the global response and rapidly empower well-equipped but under-resourced organizations.”  Following a…