Day: April 23, 2020

Bitcoin Holders Are Accumulating at a Rapid Pace, and That’s Huge for Prices

boss

If you’ve followed the Bitcoin and cryptocurrency space at all over the past few years, you likely know of the term “HODL” or “to HODL.” A misspelling of the word “hold,” it’s an industry joke used by cryptocurrency investors in reference to the investing habits of many in the space: accumulate BTC as fast as possible, hold it, never sell — HODL. The joke, funnily enough, is playing out in front of our eyes, with data indicating that long-term investors are buying Bitcoin at a rapid clip. Heading into the…

Credits Blockchain Company has Partnered with GeoDB Ecosystem

boss

Credits, B2B and B2C blockchain-based system, today announced its partnership with GeoDB, a decentralized peer-to-peer big data sharing ecosystem. The subject-matter of the agreement between companies involves concerted action to address common goals in the process of the implementation of blockchain technology in various business sectors. GeoDB is a decentralized peer-to-peer big data sharing ecosystem in which all participants can combine the capabilities of the technology and interact in fairness, receiving the value, gaining visibility, and building trust and scalability in a long term perspective. The company’s concept is the…

Starbucks and McDonald’s Rumored to Be Testing China’s Digital Currency

boss

Rumors are surfacing of an upcoming real-world test of the proposed Chinese digital yuan currency. According to Chinese publication Interchain Pulse, a promotion conference was held on April 22 in the city of Xiong’an, located close to Beijing. Government agencies, digital currency developers and merchants participating in the upcoming pilot were invited. The initiative is part of the Xiong’an Smart City program. It began on September 25, 2019 as an association of enterprises, higher education institutions, research institutes and technology companies. Its board of directors includes companies like Huawei, Tencent,…

Binance-Backed Cryptocurrency Payments App Bundle Launches in Nigeria

boss

Social payments application Bundle launched its service in Nigeria after incubation by leading cryptocurrency exchange Binance. According to an announcement on April 23, Bundle now allows its users to request, send and receive cash or crypto from their peers in Nigeria. By the end of this year, the firm plans to expand to over 30 African countries and provide a simple fiat on and off-ramp for crypto in the continent. Bundle supports Binance Coin (BNB), Bitcoin (BTC) and Ether (ETH) as well as the local fiat currency — the Nigerian…

Tezos (XTZ) Outranks Bitcoin (BTC), Cardano (ADA), Ethereum (ETH) in Latest Weiss Rankings

boss

Tezos (XTZ), a proof of stake (PoS) based smart contracts blockchain network has outranked leading projects including Bitcoin (BTC), Ethereum (ETH), Cardano (ADA) and XRP in terms of technology, in the latest Weiss Ratings rankings, reports FXStreet on April 23, 2020. Tezos Hits Number Spot in Weiss Ratings Per sources close to the matter, Tezos (XTZ) a blockchain network that claims to provide safety and code correctness required for the tokenization of real-world assets, has dwarfed established networks like Bitcoin, Ethereum and Ripple’s XRP Weiss Ratings’ latest top ten cryptocurrencies…

Sharing Thoughts on Security, OKEx’s Jay Hao Says Customers Come First

boss

Jay Hao, the CEO of the digital asset exchange OKEx, took part in Cointelegraph China HUB, an online interview column started by Cointelegraph China. In the past, Hao has stated that blockchain will eliminate transaction barriers, improve efficiency and ultimately impact the development of the global economy. But what does he think about the world of blockchain now? Cointelegraph: Is cryptocurrency a niche industry developing with uncertainty and volatility? And how did OKEx overcome the volatility of the industry to become one of the top exchanges? Jay Hao: As you…

Bitcoin and Ether Market Update: April 23, 2020

boss

Total crypto market cap lost $4 billion of its value since Monday morning and now stands at $205 billion. Top ten coins are all in green for the last 24 hours with Ether (ETH) and Tezos (XTZ) being the top performers with 3.4 and 4.8 percent of gains respectively. At the time of writing Bitcoin (BTC) is trading at $7,050 on the Bitstamp daily chart, while ether (ETH) moved to $179 and Ripple’s XRP fell further to $0.186. BTC/USD Bitcoin was rejected near $7,300 on Sunday, April 19 and moved…

Bitcoin ‘Potential Breakout’ at $7.2K but Watch VIX Volatility

boss

Bitcoin (BTC) is flipping its 50-day moving average (MA) to support and eyeing $7,200 for a “potential breakout,” a new report has concluded. Published on April 22, Delphi Digital’s latest market report concluded that signs were turning more bullish for BTC/USD.  Dollar “refuses to collapse” Having regained $7,000 on Wednesday, the pair managed to broadly preserve its position above the 50MA, which had previously acted as resistance. Bitcoin 1-day price chart. Source: Coin360 “After a few weeks of consolidation, bitcoin appears to be eyeing a potential breakout around $7,200 and…

After Controversial CoinMarketCap Acquisition, CZ Seeks Community Feedback

boss

Following Binance’s recent acquisition of CoinMarketCap, the exchange’s CEO and founder, Changpeng Zhao (CZ), has asked the crypto community what changes they would like to see made to the popular and controversial crypto market data aggregator. The community polling comes amid a skeptical reaction to the rumored $400 million acquisition from the crypto-sphere at large, with many expressing concerns regarding Binance’s growing power and presence within the digital currency industry. Zhao requests community feedback on CMC changes On April 22, CZ took to Twitter to ask the crypto community what…