Day: July 27, 2020

Tether’s Gold-Backed Stablecoin in Demand as Commodity Hits ATH

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The Tether Gold stablecoin was valued at $1,902 on July 24, putting the price of gold within reach of the commodity’s all-time high set in September 2011. Gold has risen 22.7% from $1,550 to $1,902 since Tether Gold (XAUT) — a stablecoin allowing ownership of one troy ounce of gold held in a Swiss vault controlled by the company — was released on Jan. 23. According to The Wall Street Journal, the commodity set a new record for closing price at $1,897.50 on July 24, but has yet to reach…

Ethereum as Lifestyle Brand: What Unicorns and Rainbows Are Really About

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The lights were dimmed during the last day of Devcon in October 2019. A hush fell over the auditorium in Osaka, Japan. A haunting melody rippled through the crowd of roughly 1,000 people. Everyone knew the dance was about to begin.  Ethereum leaders, including inventor Vitalik Buterin, plus Hudson Jameson and Aya Miyaguchi of the Ethereum Foundation, would lead a goofy dance to close out the annual tech conference.  Cheers erupted when the Ethereum influencers took the stage, nodding respectfully to conference organizers and thanking the crowd. Soon the whole…

Prominent Trader Suggests Bitcoin Could Soon Hit $15,000 by “Following Gold”

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In the past few minutes, Bitcoin has crossed above $10,000 once again after consolidating at $9,900 for multiple hours. While it isn’t yet clear if BTC has flipped $10,000 into support, a prominent stock/futures trader is expecting a bigger breakout in the weeks and months ahead. This analyst went as far as to say that there’s a good likelihood BTC trades at $15,000 by the end of the year. Bitcoin Could Soon Surge Towards $15,000: Analyst It’s been an explosive past few months for the gold market. Since the start…

Why Ethereum is Poised for a Pullback Following Sharp Rejection at $320

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Ethereum has been caught within the throes of an intense uptrend throughout the past few days, with its price exploding from recent lows of $230 to highs of over $312 that were set earlier today. This parabolic price rise has sent the cryptocurrency surging past the heavy resistance levels that it was previously facing. It appears that this growth has been driven by a combination of strong fundamentals, multiple bullish narratives, and a strong market structure. The confluence of these factors may continue boosting its price action over a macro…

Dash Core Group to Release Next Update, to Launch Testnet By Yearend

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The Dash Core Group plans to release another update for its Dash platforms near the end of August, the company announced. The group recently came out with its third release for its newly defined process.  New functionalities to the Dash platform are released every six weeks so the next will launch between August 25 and September 8. As always, the most recent release means all data on Evonet has been wiped. The newest updates features document timestamping, an improved DAPI client for better code quality, usability and testability, an improved…