Day: April 22, 2020

Argentina’s Banks Set to Use RSK Blockchain Technology for Tracking Payments

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An Argentinian consortium of banks and technology companies under the patronage of the Central Bank of Argentina is promoting a pilot program implementing blockchain. The system would be used to handle direct account debit claims. The pilot was announced on April 21 by IOV Labs, the developer of the RSK blockchain. The company is part of the 2019 Financial Innovation Roundtable, which also includes Sabra Group, Banco de la Provincia de Córdoba, BBVA, ICBC, Banco Santander and others. The group has worked for several months since the end of 2019…

Bitcoin Bottomed Every Time GBTC Premium Plunged to New Lows; It’s Done it Again

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At a macro level, the Bitcoin price bottomed every time the premium of Grayscale Bitcoin Trust (GBTC) fell substantially to a local low. After showing a 30 percent premium in March, GBTC markups fell steeply. Historical Bitcoin data shows a steep decline in GBTC premium led to extended ralles (Source: Bitcoin Jack Twitter) The data coincides with a record high investment into Bitcoin and other major cryptocurrencies like Ethereum from institutions in the first quarter of 2020. Grayscale reported that 88 percent of capital inflows came from institutions from January…

Bitcoin Bottomed Every Time GBTC Premium Plunged to New Lows; It’s Done it Again

boss

At a macro level, the Bitcoin price bottomed every time the premium of Grayscale Bitcoin Trust (GBTC) fell substantially to a local low. After showing a 30 percent premium in March, GBTC markups fell steeply. Historical Bitcoin data shows a steep decline in GBTC premium led to extended ralles (Source: Bitcoin Jack Twitter) The data coincides with a record high investment into Bitcoin and other major cryptocurrencies like Ethereum from institutions in the first quarter of 2020. Grayscale reported that 88 percent of capital inflows came from institutions from January…

No Stimulus Check? You’ll Buy Bitcoin as a ‘Hard Asset’ — VanEck Exec

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Bitcoin (BTC) will be most attractive to United States citizens whom the government refused to bail with $1,200, one market commentator says. As it emerged that stimulus checks may be going towards purchasing BTC, Gabor Gurbacs, digital asset director at VanEck, argued that those left out will still look for an exit from fiat. Gurbacs: Bitcoin will appeal to bail out losers Rather than as a short-term investment, people without stimulus checks will value Bitcoin more for its store-of-value properties and permissionless nature. “Those that didn’t get stimulus checks or…

Power Ledger Rolls Out Blockchain-Based Solar Energy Trading in Western Australia

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As the benchmark oil futures contract in the United States fell into negative territory this week for the first time in history, blockchain devs have been focusing on greener, sustainable energy projects. Australian blockchain firm Power Ledger has just signed a deal with the largest medium-density residential developer in Perth to roll out its blockchain-based solar energy trading platform for local residents over the next three years. On April 22, Power Ledger and developer Nicheliving revealed that the platform will initially roll out in 62 apartments in Nicheliving’s flagship SkyHomes…

Judge Orders Arrest of Former GOP State Senator Involved with Crypto Scam

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A Texas federal judge issued warrants for the arrest of an ex-Washington state senator and the leaders behind an alleged cryptocurrency scam involving the Meta 1 coin.  At an April 21 hearing with the U.S. Securities and Exchange Commission, Judge Robert Pitman ordered bench warrants for former Republican senator David Schmidt and cohort Robert Dunlap after they failed to appear. This was despite the fact the proceedings were being convened over video conference in light of COVID-19 prevention measures.  Nicole Bowdler, the third defendant named in the judge’s ruling, was…