Day: September 1, 2020

Binance Card to Come to U.S. Soon as Swipe Enters in New Partnership

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Binance Card could soon enter the United States, thanks to a partnership of Swipe that will provide users in the U.S. with direct USD deposits. Binance’s long-awaited cryptocurrency debit card, Binance Card, has started to clear the path through the countries of the European Economic Area, or EEA. Binance told media in July that EEA-based users will finally be eligible to apply for a Binance Card starting in August. As it was already reported, right now, Swipe is available in 31 countries within the EEA, including countries such as France,…

Pros and Cons of Investing in Bitcoin IRAs Coinspeaker

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Just as everything investment in Bitcoin IRAs has its advantages and disadvantages. On the one hand, BTC is known to be volatile but, on the other hand, it is supposed to grow in the future. Before we talk about the pros and cons of investing Bitcoin (BTC) as IRAs, let us talk about what IRAs are. These special accounts for the IRS or Internal Revenue Service are developed for cryptocurrencies. When investors are talking about IRAs in Bitcoin, they are referring to the IRA that will consist of Bitcoins or…

Bitcoin Price & Technical Analysis: BTC in the Black Again

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On Tuesday, September 1st, the BTC finally showed some growth after several days of rather feeble trading. It is generally trading at $11825 USD. By Dmitriy Gurkovskiy, Chief Analyst at RoboForex. On D1, the technical picture of BTC/USD hardly changes: after a pullback, the pair keeps developing an uptrend. The aim of the growth is the resistance level at $12700 USD. The MACD histogram is in the positive area, which increases the chance for further development of the ascending impulse after the correction. The signal lines of the indicator are growing…

OPEC Workshop Will Focus on Blockchain Integration with Oil Supply Chains

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The Organization of Petroleum Exporting Countries (OPEC) has revealed that its forthcoming videoconference workshop will feature blockchain technology as one of the focus topics. The blockchain workshop is billed to feature the sharing of information and technology by a number of industry experts from OPEC Member Countries, other oil-producing and consuming nations, international organizations, and leading global corporations. It is slated for September 21, 2020. While the OPEC body has recognized the need to integrate blockchain technology as a ‘pressing issue’ in the energy industry, it’s consideration is in using…

Tether surpasses XRP by market cap again

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Tether (UDST), the world’s largest stablecoin by market capitalization, has again surpassed major altcoin XRP. On Sept. 1, Tether surpassed XRP as the third-largest cryptocurrency by market cap, becoming the second-largest altcoin after Ether (ETH). As of press time, USDT market cap accounts for more than $13.4 billion, according to data from crypto analytics website Coin360. XRP is now the fourth-largest coin by market cap at $13 billion. The latest movement in ranking is not new to the crypto market in 2020. Tether surpassed XRP as the third-largest crypto in…

Bitcoin and Ethereum Close the Month on the Bullish Side

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Bitcoin’s price action on Monday, August 31st, was quite uncertain. Although it seemed like a double bottom pattern had formed over the weekend, the erratic behavior seen on this day left many scratching their heads. The flagship cryptocurrency was able to make a higher high and a higher low following the weekly open, but closed the day in the red. BTC kicked off the week at a high of $11,716. Given the upwards price action seen the previous day, it was reasonable to assume that the bullish impulse was going…

Robinhood Traders. Apple Just Made a Massive iPhone Order

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Apple has asked its suppliers to manufacture 75 million 5G iPhones in 2020. Analysts expect Apple to ship over 80 million iPhone models this year, despite the pandemic and global recession. The dominance of the firm in the wearables market in Q1 2020 raises the chances for a blockbuster Q4 performance. While the smartphone sector plummets after the pandemic, Apple is thriving. The demand for the firm’s flagship product iPhone is rising, signaling a strong fourth-quarter performance. Apple stock chart in the past three months. | Source: Yahoo Finance Apple…

2 On-Chain Signals Show Ethereum Has Room to Run After 10% Jump

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Ethereum has room to rally after surging 10% in the past 48 hours, according to recent on-chain data shared by Santiment. The blockchain analytics firm just noted that there are a number of trends suggesting ETH has room to extend to the upside. ETH’s latest bout of strength comes as Bitcoin has inched higher as the U.S. dollar has continued its spiral to the downside. The Dollar Index is seemingly dictating the directionality of all assets, as these markets are denominated in the foreign currency. Related Reading: Crypto Tidbits: MicroStrategy’s $250m…

PS5 Old-Gen Compatibility Confuses Ubisoft Into a U-Turn

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Ubisoft support page published yesterday confirmed PS5 backward compatibility will only be available for PS4 games. The statement has since been removed, reigniting discussion about the exact backward compatibility capabilities of the next-gen console. Sony has not provided updates about backward compatibility for nearly six months despite promising regular news. Ubisoft has retracted a statement from a support page on its website that seemingly confirmed PS5 backward compatibility would not extend beyond PS4 to games released for Sony’s previous trio of consoles. The statement on a newly-minted support page offering…

Tesla Stock Split Helps Elon Musk to Surpass Mark Zuckerberg in Wealth

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With a massive success for the company despite the COVID-19 economic crisis, the Tesla CEO has added a whopping $87 billion to his personal wealth in 2020. Elon Musk’s net worth currently stands at around $115 billion. Wall Street investors continue to rush and purchase Tesla Inc (NASDAQ: TSLA). On Monday, August 31st, the Tesla (TSLA) stock surged a whopping 12.57%, on the first day of the stock split. The investor-craze around Tesla is so high that the stock continued to surge over 3% in the after-market hours. On Monday…