Day: July 29, 2020

Ethereum’s Adoption Rate After 5 Years Far Exceeds Bitcoin’s

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One key metric suggests that Ethereum (ETH) has enjoyed a much faster rate of adoption and growth in the first five years of existence than Bitcoin (BTC). Comparing the total number of addresses after n days for both Bitcoin and Ethereum. Source: Cointelegraph, Glassnode, Etherscan. We compared the total number of addresses created in the first five years on both major blockchain networks. While the number of addresses could be a good gauge of the rate adoption, it may not be perfect for various reasons. One reason is that the…

Cypherium to Assist China in Advancing Blockchain City Infrastructure

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Cypherium, the enterprise-level blockchain platform, is going to contribute to the blockchain development of a major Chinese city. A partner of global tech giants like Microsoft and Google, Cypherium has signed a Memorandum of Understanding, or MoU, with Suzhou City Municipal to advance the city’s development of blockchain Infrastructure. The firm announced the news on July 28. Suzhou is among major cities piloting China’s digital yuan Suzhou City is a major economic center located in Jiangsu Province. One of the most competitive cities in China, Suzhou is among pilot cities…

CEOs of Facebook, Apple, Amazon and Alphabet Square Off With Congress

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Facing rising accusations of running monopolies, the CEOs of four of the world’s biggest tech firms are testifying before the Judiciary Committee’s Antitrust Subcommittee today, July 29. The hearing was originally scheduled for July 27 and was moved to 12PM EST today. It is seeing further delays today and as of 12:25 had not been called to order. Global monopolies The hearing is entitled “Online Platforms and Market Power, Part 6: Examining the Dominance of Amazon, Apple, Facebook, and Google.” It continues a lengthy series of investigations into the role…

Bitcoin Attacks Range Highs as Analysts Target Move to $12,000+

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Bitcoin has now entered a consolidation phase as it hovers above the $11,000 level. Buyers’ ability to establish this price level as support appears to be an overtly bullish sign for the benchmark digital asset. Over the past two days, BTC’s mid-term outlook has been growing increasingly bright. Yesterday, bears sent the crypto down to lows of $10,500 before BTC was met with a massive influx of buy orders that sent its price surging higher. This support-resistance flip is a positive sign that suggests further upside could be imminent. Bitcoin…

Bitcoin News Roundup for July 29, 2020

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With the battle for CBDC dominance in the East heating up and smart contract use skyrocketing as Ethereum turns five, CoinDesk’s Markets Daily is back with another news roundup. The flow of bitcoins and stablecoins in and out of cryptocurrency exchanges observed on Monday suggests the latest price breakout may persist.  Coin Metrics reported the daily number of smart contract calls on Ethereum jumped to 3.11 million – a new record.  The comments mark a shift in priority for Japan as it seeks to counter the economic threat from regional…

Can XRP Price Follow Bitcoin and Hit $0.30? Watch These Key Levels

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Altcoins got crushed in their respective BTC pairs as Bitcoin (BTC) price decided to break out of the two-month-old range and reach as high as $11,400. However, some altcoins did relatively well and a few top-10 cryptocurrencies showed strength while the price of Bitcoin was climbing. These included EOS (EOS), Litecoin (LTC) as well as XRP (XRP), which also showed strength by reaching a price level of $0.23. Crypto market daily performance. Source: Coin360 XRP breaks through 100-day and 200-day moving averages The USDT pair of XRP is showing substantial…

Deutsche Bank Record Impressive Q2 Earnings

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Deutsche Bank released its Q2 earnings today, the figures outperformed expectations. However, DBK stock is down today. Deutsche Bank AG (ETR: DBK) on Wednesday released its Q2 2020 earnings posting impressive figures despite the COVID-19 economic downturn and the bank’s ongoing restructuring. As against the consensus estimate of 133 million euro net loss, DBK posted a net loss attributable to shareholders of 77 million euros ($90.3 million). Beating its own expectations, the bank has projected an “essentially flat” full-year revenue. Christian Sewing, Deutsche Bank’s Chief Executive Officer, said: “In a…

It Is Time for Blockchain to Prioritize Diversity and Inclusion

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The lack of gender and racial diversity in the tech space is no longer a “secret.” According to data from Statista, while the percentage of employed women across all job sectors in the United States has grown to 47%, the five largest tech companies on the planet — Amazon, Apple, Facebook, Google and Microsoft — have a workforce of only about 34.4% women. This misrepresentation extends to the C-suite as well, with 31% of large tech companies lacking any women of color as executives. It’s clear that the tech workforce…

Blockchain + Social, Attila is Leading the New Trend of Blockchain Application

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Place/Date: – July 29th, 2020 at 2:43 pm UTC · 3 min read Source: Attila Recently, Attila’s token, ATT, won the first place in Indodax community voting and successfully got listed on Indodax, marking its successful launch in the Indonesian market, which is a vital step in Attila’s global expansion. This event has attracted great public attention and people started to wonder why Attila, a start-up focusing on the research and development of decentralized information communication protocol, can win the opportunity to be listed on Indonesia’s largest digital currency exchange.…