April 27, 2020

Japanese Exchange bitFlyer Blockchain Arm Launches Consulting Service

April 27, 2020 boss

One of the largest cryptocurrency exchanges in Japan and one of the biggest Bitcoin brokers worldwide just announced their blockchain arm would be starting consulting services to address requests from new businesses on blockchain technology. According to an April 27 press release, bitFlyer Blockchain said they would be offering a fifth service — consulting — in addition to the BaaS, Joint Business, miyabi Core, and RegTech services available at the firm. It aims to target companies starting new businesses and revolutionize task management in industries such as finance, manufacturing, technology,…

Bitcoin Is Losing Bullish Momentum: Technicals Show A Correction At $8K

April 27, 2020 boss

Bitcoin is up 2% and it broke the $7,600 resistance area against the US Dollar. However, BTC price is likely to face a strong resistance near $8,000 in the near term. Bitcoin is showing signs of exhaustion above $7,500 and $7,600 against the US Dollar. The bears are likely to put a strong fight near the $8,000 resistance area. There is a key bullish trend line forming with support near $7,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could spike towards the $8,000…

Bitmain S17/T17 Antminer Has High Failure Rate

April 27, 2020 boss

Cryptocurrency miners relying on the Bitmain S17 and T17 Antminer have said that the rigs have failure rates between 20-30% where they would normally be roughly 5%. According to an April 26 tweet from Samson Mow, Chief Strategy Officer (CSO) of blockchain infrastructure firm Blockstream, Bitcoin (BTC) miners using rigs from the world’s largest manufacturer of cryptocurrency mining equipment have been reporting technical issues. Heat sinks on the Antminer S17 and T17 rigs have been falling off, causing the machines to short out. In addition, users have reported problems with…

Bitcoin, Cryptocurrency, Finance & Global News – April 5th 2020

April 27, 2020 boss

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Bitcoin, Cryptocurrency, Finance & Global News – April 5th 2020 In this week’s market update we cover all the latest headlines from Australia, US, China, Europe & other regional markets. Including coronavirus update, stocks, commodities, bonds & currencies. The financial world & macro economic policy is now well intertwined with Bitcoin & cryptocurrency markets. We also look at all the latest cryptocurrency & blockchain news headlines for Bitcoin, Ethereum & major Altcoins. With so much debt globally & rising inequality, we are…

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April 27, 2020 boss

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How Oil Going Negative Could Open the Door for Bitcoin ETFs

April 27, 2020 boss

This will always be remembered as the week when oil went negative. The economic repercussions of this are staggering and will take months to fully comprehend – but, more short-term, one of the most fascinating aspects is how it knocks universally accepted truths about markets right into the oil can. Also compelling is what this says about biases in the bitcoin market. You’re reading Crypto Long & Short, a newsletter that looks closely at the forces driving cryptocurrency markets. Authored by CoinDesk’s head of research, Noelle Acheson, it goes out every…

Sideways Bitcoin Price Stalls Tezos (XTZ) 200% Rally to a New All Time High

April 27, 2020 boss

Since dropping to a 2020 low at $0.93 on March 12, Tezos (XTZ) had been absolutely on fire, gaining 207% and within close distance of its all-time high at $3.96. For investors, the only question left now is, when will it stop? Crypto market daily performance. Source: Coin360 Typically such large moves begin to show signs of overextension as the asset becomes overbought and traders eventually decide to take profits. At the moment Tezos appears to be correcting a tad bit as the price has pulled back 5.69% since reaching…

‘The Sky is the Limit’ for Bitcoin

April 27, 2020 boss

After predicting a possible Bitcoin price drop to the $3,000s, Silk Road founder and federal inmate Ross Ulbricht sees long-term bullish possibilities for the cryptocurrency price staying well above $20,000. Posting to his personal Medium account on April 24 from the United States Penitentiary Tucson, Ulbricht expanded upon his comments earlier this month in which he saw a Bitcoin (BTC) bear run to $3,200 as a distinct possibility. While admitting his prediction was a likely scenario for the second wave, the Silk Road founder wants the crypto community to know…