Day: May 4, 2020

Stablecoins Push Ethereum’s Transaction Count to Highest Since July 2019

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Ethereum’s network is experiencing its busiest days in 10 months amid increased issuance of stablecoins and the runup to Ethereum 2.0.  The seven-day moving average of the total number of confirmed transactions on Ethereum’s blockchain rose to 845,400 on April 30 to hit the highest level since July 1 , 2019, according to the data source Coin Metrics. As of Sunday, the average was 837,100. The transaction count had declined to 12-month lows in February. Since then, however, it has surged by 72%. “The recent Cambrian explosion of stablecoin issuance…

Bitcoin Price Below $9K, Morgan Creek Digital Co-Founder Targets $10K before BTC Halving

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Bitcoin (BTC) is trading below $9,000 at around $8,800 as the halving is getting closer with a high level of price uncertainty. According to Morgan Creek Digital co-founder Jason A. Williams, BTC price will hit $10K before the halving. After a bull run that saw the Bitcoin (BTC) price clinch above $9,000, the asset is consolidating and now trading slightly below the $9K level. The price of its derivative with the U.S. dollar has formed a falling wedge on the 1-hour time frame, whereby the breakout might see it hit…

Son 100 Yılın En Büyük Krizine Hazır mısın? | Altın | Bitcoin | Gümüş | Ethereum Teknik Analiz

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US Congress Considers Using Blockchain for Remote Voting While the White House Urged to Stay Competitive with China

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  The US Congress is considering using blockchain technology to enable the Senate to conduct remote voting during the ongoing COVID-19 pandemic.    According to the staff memo, the coronavirus pandemic has caused the shut down of many sectors of the society, the two chambers of Congress have always met in person to conduct business and hearings for deliberation and voting. However, these plans may need to be changed to follow social distancing orders and to protect voters. The report highlighted that the crisis emphasized the need to consider certain…

Buffett ‘Killed His Reputation’ by Being Stupid About BTC, Says Max Keiser

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Warren Buffett, the fifth-richest person on the planet, has repeatedly expressed his unfriendly stance toward Bitcoin (BTC). One of the most successful investors of all time, Buffett might be killing his reputation by being that harsh to BTC, according to one industry player. Max Keiser, famous American broadcaster and known Bitcoin bull, is confident that Buffett’s highly critical stance on Bitcoin is no good for the legendary investor. Keiser argues that it’s time to leave Buffett in the past On May 2, Buffett’s Berkshire Hathaway reported a $50 billion Q1…

Bitcoin Price Defies Stock Market Link — Post-Halving World Uncertain

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On Thursday, Bitcoin (BTC) breached the $9,400 mark, thereby boasting a recovery that in many ways put the stock market’s performance during 2020 to shame. From a technical standpoint, Bitcoin’s market surge saw it far outpace the Dow Jones Industrial Average, one of the mainstream market’s key barometers. In this regard, it is worth highlighting the fact that since approaching 2019’s bottom of around $3,400 during the start of the year, Bitcoin has been able to forge a remarkable recovery of more than 140%. This is especially significant when compared…

Many Blockchain Projects Are Uniquely Suited to COVID-19 Research, Here’s How

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As the world is still reeling from the effects of the coronavirus pandemic, people everywhere are doing what they can to support the effort to find vaccines and treatments. Not to be left out, blockchain projects everywhere have rallied together to supply computing power and money in a concerted effort to accelerate research. What it takes to fight this virus It shouldn’t be surprising to hear that researching treatments, tending to patients and supplying resources are all expensive work. With the added burden of a global pandemic that is threatening…

Iran Ditches the Rial Amid Hyperinflation as LocalBitcoins Seem to Trade Near $35K

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Per a May 4 report from local outlet Mehr News, Iran’s new ‘Reforming Monetary and Banking Law’ has passed in parliament. The new law dictates the transition from rial to the toman — valued at 10,000 rials — within the next two years. Hyperinflation and the BTC connection in Iran Back in 2018, Iranian authorities set an official exchange rate at some 42,000 rial to the dollar. Many currency exchanges still show this as the going rate. At the same time, peer-to-peer Bitcoin exchange LocalBitcoins is seeing prices of 1,445,658,900…

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