Day: July 31, 2020

This Indicator Predicted the 2017 and 2019 Bitcoin Rallies; It Just Flashed Again

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Bitcoin is currently flashing some signs of strength as it continues consolidating within the lower-$11,000 region. Overnight, bears attempted to push the digital asset below $11,000, but this dip was met with significant buying pressure that subsequently allowed it to climb higher. Analysts are widely noting that the resistance found within the mid-$11,000 region remains a crucial hurdle that the cryptocurrency may continue struggling to surmount. Because BTC is consolidating above its support throughout the upper-$10,000 region, it does seem as though it may be well-positioned to push higher in…

Bitcoin News Roundup for July 31, 2020

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With the dollar dropping to its lowest level since May 2018 and a reshuffle in Japan’s central bank, CoinDesk’s Markets Daily is back. Today’s Bitcoin News: Bitcoin appears on track to register its best July price performance for eight years and confirm a major bullish breakout in the process.  The dollar index dropped to its lowest level since May 2018.  The central bank’s most senior economist now runs the department responsible for the digital currency task force and working group with other central banks. CoinDesk has learned the Bank of…

Ripple Paid MoneyGram (MGI) $15.1 Million in Development Fees in Q2

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Following a year-long partnership with Ripple, MoneyGram International Inc (NASDAQ: MGI) in its Q2 2020 report revealed that it got $15.1 million from the blockchain news. In its Q2 2020 performance report released on July 30th, MoneyGram International Inc (NASDAQ: MGI) has revealed that it received $15.1 million from Ripple, the blockchain firm that widely uses the XRP coin in its solution. As an existing partner of the crypto-centric firm, the $15.1 million sum was categorized as “market developmental fees” contributed to the payment giant’s Total revenue of $279.8 million recorded…

Chainlink Partners With State of Colorado to Help Create A New Lottery Game

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Chainlink (LINK) and the State of Colorado have partnered on a hackathon with the goal of creating a new lottery game. There are $17,500 in prizes available for three winners, plus an additional $8,500 in Web3 bonus prizes sponsored by Chainlink. $1 billion revenue goal for Colorado Lottery The Colorado Lottery has created a GameJam Hackathon that is open to participants from around the world. The state lottery hopes that the new innovative games will help it “reach its $1 billion revenue goal to fund outdoor recreation, land conservation and…

Positive Tale of Exchange for Newbies

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Bityard.com is a Singapore-based platform that operates with the principle of “Complex Contracts Simple Trade”. Bityard is poised to change the world’s view that digital asset trading can be simple and profitable. The massive growth of the cryptocurrency ecosystem has recorded in the past decade has featured not only the rise of cryptocurrencies but also of cryptocurrency exchanges. Of the numerous cryptocurrency exchanges around the world, and the over 100 cryptocurrency exchanges listed on CoinMarketCap, a new investor may wander off the site that provides a safe, easy, and fast…

U.S. Big 4 Tech Companies See Boosted Earnings Despite COVID-19

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While still being on the radar of U.S. lawmakers, the U.S. big 4 tech companies, including Apple, Amazon, Facebook and Alphabet, all posted impressive performance reports. The earnings of the big 4 tech companies in the United States including Apple Inc (NASDAQ: AAPL), Amazon.com Inc (NASDAQ: AMZN), Facebook Inc (NASDAQ: FB) and Alphabet Inc (NASDAQ: GOOGL) soared but in an inverse proportion when compared to the state of the nation’s economy. Each of the top firms has released its Q2 performance report and has drawn attention from analysts as the…

PFE Stock Down 0.5%, Pfizer, BioNTech to Supply Japan with Vaccine

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Pfizer (PFE) stock price was rising in the pre-market but is down now as the market opened. One of the world’s largest pharmaceutical companies Pfizer Inc (NYSE: PFE) anticipates PFE stock to gain value, as it prepares to supply Japan with 120 million doses of its BNT162 MRNA based vaccine. Pfizer Inc partnered with BioNTech company to develop the vaccine which has shown signs of treating coronavirus patients successfully. PFE stock was trading around $38.80, up 0.15% in the pre-market. Having retested it’s all-time high mid last year and retraced…

STEX Partners with Simplex to Bring Fiat Onramp to Users Globally

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The cooperation between STEX and Simplex is a good initiative amid the changes the crypto and payment ecosystem is experiencing. There are numerous cryptocurrency exchanges around the world that brings different innovations to their users but very few prioritize increased value addition to their users. With a high ranking amongst the few, STEX is bringing Fiat Onramp to its users globally as it partners with the renowned fiat infrastructure payment service provider Simplex. With the new partnership, STEX users will be able to purchase a multitude of cryptocurrencies with debit…

Ethereum Is Up 50% on Platform’s 5th Anniversary as Outlook Brightens

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It’s a period of good news for Ethereum around its anniversary. Even its futures market is experiencing an unprecedented boost in July. The Ethereum token, Ether (ETH), is trading above $340 on Coinbase as the platform continues to gain attention as the most prominent smart contract blockchain. Ethereum is celebrating its fifth anniversary this July and this has coincided with a period in which the price of the token rose by 50% within a month. The digital currency traded at $225.5 at the beginning of the month and is closing…

Blockchain Could Help Content Generation Industry Be More Profitable

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Chinese content generation platform TikTok, a video-sharing app that has been called the fastest-growing social networking service in history, has been in the spotlight since early 2019 and now surpasses 800 million users. Despite the fact that the app’s data security breaches are raising controversy worldwide, more and more young people are using it as the go-to social media for the new generation, with a reported 69% of TikTok’s global audience being between the ages of 16 and 24. Despite its overwhelming success and rapidly growing user base, the truth…