Day: July 13, 2020

Top Telecom Operators Tap Into Clear’s Blockchain Financial Settlement Solution — Deutsche Telekom, Telefónica, And Vodafone Are Now Calling On Operators To Join Them In Creating A New Frictionless Ecosystem

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Deutsche Telekom, Telefónica, and Vodafone, Three of the world’s largest telecommunications companies, have successfully finalized a trial automated settlement of roaming discount agreements using a solution developed by blockchain-based settlement company Clear. Eran Haggiag, Co-Founder and Executive Chairman of Clear, said: “To eliminate the complexity and streamline the process of B2B settlements, Clear developed a blockchain-based solution designed to automate contract settlement for enterprises, while guaranteeing control, security, and privacy. This trial is a huge step forward to a world of improved partnerships, minimum disputes, and accelerated innovation. ~ Advertisement…

5 Bitcoin Metrics Are Making Highs Says Fund Manager: Could Price Follow?

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Bitcoin has found itself in no man’s land. Take the chart below, which shows that over the past few months, the cryptocurrency has centered around the low-$9,000s, Chart of BTC’s price action over the past four months. Chart from TradingView.com The stagnation in the cryptocurrency market has been further accentuated by volatility indicators. Bitcoin’s historical volatility index has fallen under 40 for the first time since the February and March crash. Simultaneously, the width of the one-day Bollinger Bands has become the smallest since just days before Bitcoin plunged 50%…

Fidelity Takes Over 10% in Bitcoin Mining Company Hut 8

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Fidelity holds about 10.6% stake in Canadian Bitcoin mining firm Hut 8, according to a regulatory filing Fidelity’s investment in Hut 8 is significant since the asset management giant is known to be mining BTC since 2014. According to the latest regulatory filing, asset management giant Fidelity holds an approximately 10.6% stake in Canada-based publicly-traded Bitcoin mining firm Hut 8. Hut 8 filed an alternative monthly reporting (AMR) with the Ontario Securities Commission, noting that Fidelity represents a certain mixture of its common shares and common share purchase warrants, representing…

Bitcoin Mining Difficulty Sets New Record High 2 Months After Halving

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Two months after the network’s halving event, it’s harder than ever to mine bitcoin. Bitcoin mining difficulty, a measure of how hard it is to compete for block rewards on the network, just set a new record high of 17.35 trillion around 12:00 UTC on Monday. This marks a 9.89% jump from the previous record of 15.78 trillion posted on July 1, Bitcoin.com’s blockchain explorer shows. The new record comes a little over two months after bitcoin’s halving on May 11, which reduced the block subsidy from 12.5 bitcoin per…

Qualcomm Set to Invest $97 Million in India’s Reliance Jio Platforms

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After raising billions from high-profile companies, Reliance Jio is set to receive $97 million from Qualcomm, to “roll out” 5G infrastructure services. Qualcomm Ventures, the corporate investment arm of Qualcomm (NASDAQ: QCOM)plans to invest $97 million in Reliance Jio Platforms, an Indian telecom company. The investment will give Qualcomm Ventures a 0.15% equity stake “on a fully diluted basis”, in Reliance Jio. This makes Qualcomm Ventures the 13th investor to support in Reliance Jio Platforms. According to Qualcomm, the funds will help Reliance Jio to “roll out advanced 5G infrastructure…

Singapore’s Central Bank Eyes Commercial Role for Its Blockchain Payments Tech

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A blockchain project from the Monetary Authority of Singapore (MAS) and state investor Temasek has completed its final development phase and is now being considered as the basis for commercial payments ventures. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link

This Historically Accurate Signal Suggests a Bitcoin Rally to $13K in Q3

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Bitcoin is trading almost 12 percent below from its local top near $10,400, but a historically accurate technical indicator hints a trend reversal. The pattern formed on Monday as the short-term moving average of Bitcoin’s hash rate jumped over the long-term moving average, signaling the beginning of a buying setup. Its previous two formations over the last 12 months led the price higher by circa 45 percent. That roughly puts Bitcoin’s next upside target near $13,000 or beyond. Bitcoin bulls may prefer to hold onto their long-term upside sentiment as…

Bitcoin Miner Death Spiral Cancelled as Hash Rate Sets New All Time High

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Following the Bitcoin halving, concerns over miner capitulation have proven unfounded. The week just gone saw the network hash rate reach a new all-time high of 125 million TH/s. Source: blockchain.com Significant pullbacks occurred in March and May, sparking fears of the beginning of a miner’s exodus. Current data shows the Bitcoin network is strong as ever. Bitcoin Hash Rate Recovers From Early Year Wobbles Despite Bitcoin’s range-bound performance of late, the network hash rate continues to show strength. This is indicative of high confidence from miners. However, at around…

Pow Wow 17: Bitcoin new time highs? Alt seasons about to take off?

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Welcome back to our CEO’s weekly Pow Wow, where he covers the latest news around #Cryptocurrencies, #Blockchain, Business, and Finance. Join us on our journey to build a more equitable future of finance. Download the SwissBorg Wealth App: Timestamps: Tweet of the week: 00:48 Inspiration of the week: 06: 08 Positive news of the week: 08:28 Negative news of the week: 12:34 Positive news of the week: 06:11 Market updates: 15:34 Video of the week: 17:35 SW News: 18:19 Join the affiliate…

TSLA Stock Up 3% Now, Tesla Lowers Price for Its Model Y by $3000

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Tesla has reduced the price of its Model Y SUV by $3,000 after cutting prices of the Model 3, Model S and Model X up to $5,000 in May. Meanwhile, TSLA stock is 3% up in the pre-market. Tesla Inc (NASDAQ: TSLA) decided to lower the price of another vehicle. This time it’s all about the Model Y, an electric SUV the company started shipping in March. The long-range all-wheel-drive version of the car you can now buy for $49,990, meaning $3,000 less than what it was before. In May,…