Day: July 26, 2020

Bitcoin Price Rally to $10K Has Not Shaken BTC Holders Yet — Data Shows

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Bitcoin (BTC) may have only held $10,000 for a matter of hours, but according to glassnode, an on-chain monitoring resource, this moon is not like others in 2020. On July 26 Glassnode uploaded surprising data about Bitcoin’s latest trip to five figures and suggested that the current journey above $10,000 will be much different than the last few. Bitcoin hodlers delay on selling at $10,000 As Cointelegraph reported, BTC/USD suddenly crushed the last remaining resistance below $10,000 on Sunday, rising to hit highs of $10,200. The excitement was short-lived, with…

Here’s What Analysts are Saying About Bitcoin as Critical Weekly Close Nears

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The crypto market’s ongoing uptrend first started a few weeks ago when altcoins began posting major gains. Their strength came about against a backdrop of stability seen by both Bitcoin and Ethereum. Despite BTC trading within a macro range between $9,000 and $10,000 since the start of May, the cryptocurrency is now vying to break out of this consolidation channel. Overnight, buyers were able to push it as high as $10,200 before it met some significant selling pressure that forced it back below $10,000. From this point on, the cryptocurrency…

Blockchain Can Help Find a Cure for COVID-19

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The blockchain community is playing a significant role in helping to develop pharmaceutical drugs to combat COVID-19, as blockchain can bring immense computational power to confirm transactions, and generate new coins, according to Brandon Mintz, CEO of crypto ATM network, Bitcoin Depot. In an interview with Cointelegraph, Mintz highlighted that the biggest benefit blockchain brings to the table is “the security aspect of things,” adding that such an adoption is also helpful for contactless payments and online purchases with crypto as online sales continue to skyrocket. Crypto community efforts to…

Wall Street Analyst: Bitcoin Will Soon Push Past $10,500, Then Rocket 30%

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After flatlining around $9,600-9,700 for a number of days, Bitcoin saw an explosive price move early Sunday morning. Following a failed attempt to break $9,800, BTC exploded to $9,150 on spot exchanges and $9,300 on margin exchanges, liquidating dozens of millions.  BTC price chart from TradingView.com Bitcoin has since faced down a reversal as bulls failed to maintain the pressure of this surge, seemingly catalyzed by the futures market. A prominent Wall Street analyst still remains optimistic about the cryptocurrency market, arguing the $10,500 resistance will soon be toppled. Related…

XRP Pullback Likely After Sell Setup Perfects, But Recovery Should Remain Intact

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XRP and the rest of the cryptocurrency market have been pumping over the weekend. However, Ripple’s recent, much-needed recovery may already be over, according to the asset perfecting a sell setup on daily timeframes. Will the sell signal result in a reversal back into a bear trend, or will any downside simply be a pullback ahead of a greater recovery ahead? XRP’s 12% One-Week Rally Could Correct, Following TD 9 Sell Setup This week, as Bitcoin finally started to break free from its sideways range, the rest of the crypto…

The Future for Unregulated Bitcoin Exchanges

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To KYC or not to KYC? In this episode, CoinDesk’s Anna Baydakova talks to Hodl Hodl and Bisq, two non-custodial, no-KYC bitcoin exchanges. One year ago, the Financial Action Task Force, the global anti-money laundering watchdog, ruled that crypto transactions data should be controllable, and ever since the question has been not if you KYC your users but how you do it. But not all bitcoiners have surrendered to this norm. Hodl Hodl and Bisq don’t provide centralized custody and don’t check user identity. They also don’t employ the blockchain…

Bitcoin Giveaway Scam Hits Popular Indian Youtuber

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Ajey Nagar, a Popular Indian YouTuber with 6.7 million subscribers, is the latest victim of the ongoing BitCoin giveaway scam on Youtube. The hack happened on Nagar’s second Youtube channel- CarryisLive where he streams himself playing video games with YouTubers and celebrities.   Two Bitcoin giveaway scam promotional videos were reportedly posted on the channel. Both videos displayed bitcoin addresses. One of the videos also featured an image of SpaceX and Tesla CEO Elon Musk supposedly giving away Bitcoin. The scammers were promising to double the Bitcoin sent to them.  …

Top 5 Cryptocurrencies to Watch This Week: BTC, ETH, ADA, XMR, CRO

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Bitcoin finally moved above the $10K mark and analysis suggests that BTC and altcoins will continue to rally together. The total crypto market capitalization has reached $300 billion for the first time since mid-February, which is a huge positive as it suggests increased investor interest in cryptocurrencies. The interest has largely been in smaller altcoins with Bitcoin (BTC) taking a back seat until early this morning.  Even Ether (ETH) recently joined the altseason party and once it broke out of its resistance the price skyrocketed higher. This could have resulted…

Gaming Industry Use of Blockchain May Lead to Mass Adoption

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Blockchain technology has recently become a phenomenon in various areas of the economy, driving innovation, fostering growth and bringing added value. Among the most noteworthy of these sectors is the gaming industry. Gaming is a use case that drives true adoption of blockchain technology by taking the incentive for the user from pure speculation to transactions on a blockchain platform. This drives innovation in development as well as consumer adoption. The first true blockchain gaming application was Cryptokitties. While the platform itself is a technology demonstrator for collectible items, it…

Poloniex Adds DeFi Token Decentr

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Crypto exchange Poloniex announced it has added the DeFi token Decentr to its DeFi Innovations Zone.  Decentr, an immutable platform that collects and secures user data, allows people to monetize their internet activity. Its native toke, DEC, is used to buy and sell data and, according to Poloniex, “helps to determine the value of users’ data.” Users can earn or lose personal data value, or PDV, based on the positive or negative interactions within the Decentr platform. Positive PDV increases the spendable value of the DEC tokens. DEC is the…