Day: August 15, 2020

15 Ways to Stay Sane While Trading Crypto

This is not a guide of how to trade crypto. This is not about how to make money, how to invest or where to find alpha. But if you’ve dabbled in crypto trading? Then you know this one thing: It can be all-consuming. When your money is on the line, suddenly you’re checking the prices more than you check social media, you obsess about the charts, and even your dreams are filled with candlesticks and Elliot Waves. Oh, and there’s never a break. Stock day-traders might be Red Bull-pounding stress-monsters…

EOS Price Just Surged 15%—and More Upside Is Likely on Its Way

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EOS has surged 15% in the past 24 hours, making it one of the best-performing cryptocurrencies in the top 20 aside from Chainlink. The cryptocurrency, with this latest rally, is reaching multi-week highs. While the ongoing move is still nascent, analysts think that EOS has fuel to surge even higher in the weeks ahead. The cryptocurrency can be spurred by both fundamentals and technicals, they suggest. Related Reading: Crypto Tidbits: MicroStrategy’s $250m Bitcoin Purchase, Ethereum DeFi Boom, BitMEX KYC EOS Is Preparing to Surge Higher, Technicals Show  EOS’s move has…

Record Ethereum Network Use and Gas Fees Pose Risk to DeFi Expansion

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The number of Ethereum network transactions more than doubled in 2020 and is now virtually identical to the January 2018 all-time high.  As shown on the chart below, the number of transactions doubled in the past six months to stand at 1.23 million per day.  Ethereum 7-day average daily transactions. Source: CoinMetrics This situation might seem very bullish at first, but one must remember both EOS and Tron (TRX) started as ERC-20 tokens before launching their own mainnet and running fully independent blockchains. A similar chain migration is happening on…

What Analysts Are Thinking After Chainlink (LINK) Jumped Another 15%

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Chainlink (LINK) is exploding higher once again. In the past 24 hours, the leading altcoin has surged 12.33% against the U.S. dollar, outperforming Bitcoin’s 0.5% performance. At the $19.00 price that LINK is trading at, the cryptocurrency is at an all-time high. This is the latest high in series of higher highs set over recent months, enabled by an influx of investors into the altcoin. Many analysts have been confused by this price action, as LINK now has market capitalization just $4 billion shy of Tether. There seems to be…

Former Prudential Securities Chief Executive Ball Bats for Bitcoin

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Former Prudential Securities chief executive and current chairman of Sanders Morris Harris George Ball sees Bitcoin as a safe haven for those looking for different investments.  In an interview with Reuters on August 14, Ball admitted he was previously a “Bitcoin opponent” but, with the government participating in the financial markets, he’s seen the value of Bitcoin and other cryptocurrencies.  “I’ve never said it before, but I’ve always been a blockchain and Bitcoin opponent but if you look now, the government can’t stimulate the markets forever. The liquidity flood will…

What Venezuelans Think About Bitcoin and American Media

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In this audio interview, CoinDesk’s Leigh Cuen and Venezuelan journalist Javier Bastardo talk about cryptocurrency and the media industry. For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS. This episode is sponsored by Crypto.com, Bitstamp and Nexo.io. Caracas-based bitcoiner and journalist Javier Bastardo has covered the crypto scene in Latin America since 2017. In that time he’s been living partially off bitcoin, thanks to BTCPay server and a variety of employers that pay in crypto, like CoinTelegraph Espanol.  “Even when I’m trying to report in an unbiased way, I’m…

Major South Korean Chat App Bets Big on NFT-Based Stock Trading

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South Korea’s well-known chat application, Kakao, bolsters its presence in blockchain and crypto with its partnership with a non-fungible token-powered trading platform and its new crypto wallet Klip. According to Hanguk Kyungjae, the trading company Angel League will receive support from Kakao’s Klip platform for its digital certificates based on NFTs. Angel League allows groups of investors to jointly purchase the stocks of startups in the “pre-IPO” stage. The members, known as “lead angels,” are selected through a recruitment process to incorporate new people willing to sign a stock trading…

Blockchain Investments Declined 63% Due to COVID-19, Says New KPMG Report

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Auditing firm KPMG has recently published its 2020 Global Emerging Technology Survey Report that identified a decline in investments into blockchain technology because of the coronavirus pandemic. However, the study predicts that the sector would be one of the industries, which would probably obtain the highest amount of investment in the next 12 months. The collaborative study was carried out by HFS Research and KPMG. The report includes data from a survey of 900 executives of firms on the Forbes Global 2000 that include the largest publicly-traded firms with annual…

Whales are Accumulating Bitcoin Despite Its Stalling Momentum

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Bitcoin’s multi-week consolidation phase comes close on the heels of the strong uptrend that the cryptocurrency was able to post late last month. Despite its macro outlook remaining incredibly strong, it appears that Bitcoin’s short-term outlook is being impeded by the heavy resistance at $12,000. Buyers attempted to shatter this level yesterday, although the selling pressure here proved to be too significant. It is important to note that yesterday’s bid at this level did not catalyze any sharp pullback or rejection, signaling that buyers are building up strength. Another factor…

Hong Kong Authorities Apprehend Bitcoin ATM Thieves Who Stole $30,000

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Authorities recently took three men into custody following their alleged swindling of $226,000 in Hong Kong dollars from Bitcoin (BTC) ATMs in the territory.  The apprehended male trio, ranging from age 26 to age 55, allegedly exploited six different Bitcoin ATM machines, manipulating them to cough up the Hong Kong dollar equivalent of roughly $30,000 U.S. dollars, an article from the South China Morning Post detailed on Aug. 15. The alleged robbers took the cash out across 11 transactions.  Authorities think the three males in question reportedly make up part…