Day: July 21, 2020

SPCE Stock Up 2.5%, Virgin Galactic Has New CEO, Chief Space Officer

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Virgin Galactic (SPCE) now has new Chief Executive Officer and Chief Space Officer. SPCE stock is in the green. Virgin Galactic Holdings Inc (NYSE: SPCE) has announced the ascension of Michael Colglazier as the company’s new CEO. The company also appointed George Whitesides as its Chief Space Officer both effective from July 20, 2020. The space travel company has tickled a new gain with this announcement as investor’s reactions are visible in the company’s stock price. Virgin Galactic (SPCE) stock closed 1.07% lower on Monday at $22.98 while showing a…

Wirecard Exec Reportedly Used Bitcoin to Move Funds to Russia

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Wirecard chief operating officer Jan Marsalek reportedly used Bitcoin (BTC) to move funds from Dubai to Russia. Russian media outlet Kommersant reported on July 20 that Marsalek is hiding in Russia with funds that he was able to transfer there with the cryptocurrency. Per the report, Marsalek is currently in a private house near Moscow under the supervision of Russian special services.  Documents leaked earlier this month also suggest that Marsalek indeed had links with Russian government operators. According to a recent report, he allegedly held secret documents and bragged…

Bitcoin Surges to $9.3K for First Time in a Week — Is it a Fakeout?

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The price of Bitcoin (BTC), the top-ranked cryptocurrency by market capitalization, surged past $9,300 on July 21 for the first time in over a week. Following a low-volatility range, traders are seemingly turning cautiously bullish in the near-term. Since late June, Bitcoin has been stuck in a relatively tight range between $9,000 and $9,250. It struggled to see a major price movement causing the volume to slump. After a quick upsurge from $9,150 to over $9,300, traders predict that a volatility spike is imminent. The price surge coincided with a…

How blockchain can help the world better survive the Covid pandemic

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This is one of those dramatic turning points in history. Covid-19 has already changed our daily lives, and its impact on society will be long-lasting. While we won’t fully grasp the magnitude of loss for some time, one thing is clear: traditional systems have failed us. It’s time for a new paradigm, one that draws on technologies like artificial intelligence, the internet of things (IoT), augmented/virtual reality, and above all, blockchain. These are more relevant than ever — not just to business and the economy but to the future of…

Bitcoin Signals Bullish Breakout as EU Confirms $2tn Stimulus Package

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Bitcoin broke out of a narrow technical range to close above $9,300 this Tuesday. The jump appeared after the European Union leaders confirmed a €1.8 trillion ($2.06 trillion) stimulus package. The cryptocurrency now eyes bullish continuation beyond $9,400, a resistance level it failed to break twice in the last three weeks. Bitcoin jumped on Tuesday as European Union leaders reached a historic agreement on a stimulus package earlier this morning. The BTC/USD exchange rate was up 1.85 percent to circa $9,330 as of 1016 GMT. At its intraday high, the…

Chainlink Tops DeFi Ranking on CoinMarketCap Amid ‘Baseless Criticism’

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Cryptocurrency ranking resource CoinMarketCap is facing a backlash after listing Chainlink (LINK) as the biggest DeFi token by market cap. The website’s new DeFi section lists what executives consider to be the most important altcoins in the space, which is seeing considerable interest from traders and investors. DeFi: Next week Binance Coin? Speaking to Cointelegraph, CoinMarketCap said that it employs “strict methodology” in order to determine if a particular token qualifies as “DeFi” and is therefore eligible for inclusion in its rankings. Chainlink, a smart contract platform, is however an…

Bitcoin Will See a “Monster Breakout” in the Next Three Days: Analyst

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At long last, Bitcoin has begun to move. In the past hour as of this article’s writing, the leading cryptocurrency has jumped up by $150 — BTC now trades at $9,320. CHart of BTC’s price action over the past two days from TradingView.com While a move welcomed by bulls, it’s far from the explosive breakout that some were expecting. Case in point: volatility indicators, which barely notice 1-2% moves here and there, remain at multi-year lows. By some measures, in fact, volatility in the Bitcoin market is the lowest since 2017’s…

Philippines Launches Blockchain App to Distribute Government Bonds

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On July 19, the Philippine Bureau of the Treasury along with the UnionBank and Philippine Digital Asset Exchange launched a blockchain-enabled mobile application for distributing government-issued treasury bonds. According to local news outlet Inquirer.Net, the president and CEO of UnionBank, Edwin R. Bautista, claimed it was Asia’s “first retail treasury bond issuance to leverage on blockchain technology.” Bringing bonds investment to the unbanked According to estimates, almost 77% of adults in the Philippines still do not possess a bank account. The mobile application dubbed Bonds.PH is particularly aimed at providing…

AZN Stock Lost 4% while AstraZeneca Vaccine Shows Positive Results

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Data from AstraZeneca’s clinical trials of its COVID-19 vaccine candidate AZD1222 shows promising results but AZN share price has refused to be positively impacted. The world is still ecstatic with the hope of getting a vaccine that can guarantee a lasting and viable solution to the COVID-19 pandemic. As several pharmaceutical companies are working on developing a vaccine around the world, few have stayed ahead of the curve with their research. Of the UN approved COVID-19 candidates, the vaccine under development by the duo of the University of Oxford and…

Axie Infinity Goes Gold — Teams with Digix To Bring Real In-Game Gold In a First of its Kind Partnership  – Blockchain News, Opinion, TV and Jobs

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Asset-backed digital gold token Digix is helping Ethereum-based game Axie Infinity go gold. The deal will allow for Axie Infinity players to receive in-game tokens that are backed and redeemable for physical, investment-grade gold. Shaun Djie, COO and Co-Founder of Digix said: ~ Advertisement ~ “This collaboration with Axie Infinity is not only a major milestone for Digix—but for the growth of digital gold, highlighting its benefits across a range of industries including gaming. By providing an in-game currency that is backed by gold, a time-tested, safe-haven asset—we are remaining…