Day: August 2, 2020

Five Years Since Launch, Is Ethereum Creating a New Boom?

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The Ethereum network has just turned five years old. Although the project was first announced at the North American Bitcoin Conference in January 2014, its genesis block was only mined on July 30, 2015. Since then, Ether (ETH) has become the dominating altcoin in market capitalization, popularity and network value settlement, having even surpassed Bitcoin in the latter. Ethereum was created with myriad possibilities in sight, allowing for smart contracts, powerful tokenization, complex decentralized applications and decentralized fundraising campaigns. The latter of these became extremely popular in 2017, as initial…

Macro Analyst: Bitcoin Price Could Soon See a “Very Large Upmove”

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Bitcoin has seen an explosive past seven days. Per data from Coin Market Cap, the leading cryptocurrency has literally rallied 21% in the past week — one of the best weekly performances in some months. BTC Chart from TradingView.com Despite this impressive performance, analysts are still eyeing even more upside for this embattled market. Related Reading: Crypto Tidbits: Ethereum Surges 20%, US Banks Can Hold BTC, DeFi Still in Vogue Bitcoin Is on the Verge of a Very Large Upmove Dan Tapiero — the co-founder of 10T Holdings, DTAP Capital, and…

After the US Senate Pros and Cons on Digital Money — What Do We Do With It?

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The COVID-19 pandemic has certainly accelerated the digitalization of economies across the globe, opening up discussions on the future of digital financial services and whether our economy should advocate for the financial inclusion of Bitcoin (BTC) and other digital assets. Yet, despite the horror we have been seeing as our industries continue to suffer, the digital payments industry is expected to thrive, based upon recently reported data from the Consumer Confidence Index. Reaching a three-month high last month, consumer confidence data revealed a 12.1 jump from 85.9 in May to…

3 Reasons Why Ethereum Price Rallied 75% to Hit a 2-Year High at $395

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In the last two weeks, Ether (ETH) price increased by 75% as the price rallied from $222 to $390. Many investors believe Ether’s momentum is buoying the entire market, and possibly even pushing Bitcoin (BTC) upwards. ETH-USD daily chart. Source: TradingView.com Three factors that appear to be triggering the strong Ether rally are: DeFi, ETH 2.0, and the current prolonged rally taking place in the altcoin market. DeFi growth is pumping altcoins but there are bearish signs Since mid-June, the total value locked in decentralized finance (DeFi) protocols has continuously…