Day: May 11, 2020

Tokenized Real Estate Booms While Security Tokens Struggle

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Real estate tokens have continued to post a positive performance for investors, gaining an average of 4.27% during April while top securities tokens suffered losses for the month. The combined capitalization of security tokens fell 8% in total — comprising one of the worst months on record for the nascent sector according to a report published by Security Token Group. April also saw the combined trading activity for security tokens plummet by 38%. Real estate tokens post April price gains The real estate token markets for single-family homes on Patton…

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Bitcoin Price Bounces at Key Trendline Support 1 Day Before BTC Halving

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In the last 3 hours Bitcoin (BTC) price gained 2.63% after dropping to $8,256 earlier in the day. With just less than 24-hours before the block reward halving is scheduled to take place, traders are likely biting their nails and anxious to see if the top ranked crypto-asset on CoinMarketCap will be able to reclaim $9,000.  Crypto market weekly price chart. Source: Coin360 Today’s drop to $8,256 brought the Bitcoin price below the ascending channel trendline for the second time in 24-hours and traders again purchased into the dip, allowing…

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Bitcoin Goes Viral on ‘Chinese Twitter’ for the Third Time in 2 Weeks

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While trading Chinese yuan through Bitcoin may technically be banned in China, that hasn’t stopped the country’s citizens from talking up a storm about cryptocurrency. This much was made clear on Sunday when Samson Mow, CSO of Blockstream, noted that according to data from Weibo (‘Chinese Twitter’), Bitcoin was a trending topic. This is the third time this has happened in the past two weeks. Bitcoin Trends on Weibo, “China’s ‘Twitter’” According to a screenshot of Weibo’s trending list from May 10th shared by Mow, a search term mentioning Bitcoin’s…

Bitcoin Goes Viral on ‘Chinese Twitter’ for the Third Time in 2 Weeks

boss

While trading Chinese yuan through Bitcoin may technically be banned in China, that hasn’t stopped the country’s citizens from talking up a storm about cryptocurrency. This much was made clear on Sunday when Samson Mow, CSO of Blockstream, noted that according to data from Weibo (‘Chinese Twitter’), Bitcoin was a trending topic. This is the third time this has happened in the past two weeks. Bitcoin Trends on Weibo, “China’s ‘Twitter’” According to a screenshot of Weibo’s trending list from May 10th shared by Mow, a search term mentioning Bitcoin’s…

Loom Network Responds to Rumors of the Project’s Demise

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On May 9, we wrote that the Loom Network, a platform-as-as-service blockchain project, appeared to no longer be active. Representatives from the platform have since responded publicly to Cryptox, indicating that the project is, in fact, alive and well. Communication in stasis Following the departure of the network’s CEO, the project announced that it would be pivoting away from its original business model into an enterprise-facing solution. In the weeks that followed, a number of the Loom Network’s validators abandoned the project, with one calling the network dead in a…