Day: September 16, 2020

Tezos Blockchain Chosen for French Digital Euro by Societe Generale-Forge

boss

Societe Generale-Forge, a tech startup by French investment bank Societe Generale, has selected the Tezos blockchain for its central bank digital currency (CBDC) experiment as part of the French central bank’s digital euro experiment.  Societe Generale-Forge recently announced its plans to use Tezos for its digital euro stablecoin, in collaboration with Nomadic Labs, a major Tezos development firm. According to the recent announcement, Societe Generale-Forge decided on Tezos for a few reasons: its on-chain governance, proof-of-stake consensus model, and verified smart contracts.  Banque de France, the French central bank previously…

TSLA Stock Jumps 7%, Tesla Prepares for Its Battery Day

boss

Tesla stock jump is being attributed to the fact that one of its biggest rivals, Nikola is facing fraud charges with the SEC. Closing yesterday’s market trading at $449.79 Tesla Inc (NASDAQ: TSLA) stock added 7.18% in respect to the day’s opening value. Tesla (TSLA) stock was trading around $439, 2.37% down during Wednesday’s premarket. Amazingly Tesla stock has managed to continue with the rally in the past five days even after fears of possible sell-off.  Fear had begun to grip Tesla stock investors after the company reported that it…

Grayscale CEO Quips About Bitcoin Buying Race With MicroStrategy

boss

Michael Saylor, the Founder of MicroStrategy, said, so far, he has spent a total of $425 million buying Bitcoin. In a recent tweet, Saylor mentioned his firm had just purchased approximately 17k BTC. Including previous the purchase of 21k tokens, the firm now holds around 38k BTC in total. “On September 14, 2020, MicroStrategy completed its acquisition of 16,796 additional bitcoins at an aggregate purchase price of $175 million. To date, we have purchased a total of 38,250 bitcoins at an aggregate purchase price of $425 million, inclusive of fees…

China’s blockchain partner Cypherium gets its own Twitter emoji

boss

Cypherium, a blockchain company involved in China’s Blockchain Service Network initiative, has just launched its own branded Twitter emoji. The New York-based blockchain firm announced the news in a Sept. 15 tweet, adding that the new emoji comes in anticipation of Cypherium’s upcoming public token sale on Sept. 16. With the new feature, all #Cypherium and #CPH tags on Twitter posts automatically get a Cypherium logo, similar to Bitcoin logos when tweeting “#Bitcoin” or “#BTC.” Cypherium’s new Twitter emoji comes in conjunction with the upcoming token sale. As previously announced, the firm is planning…

Analyst Gives 3 Reasons Why XRP Price May Fall 35%

boss

Ripple blockchain’s native token XRP is up more than 25 percent so far into 2020. Nevertheless, the fourth-largest cryptocurrency is still looking to pare those gains, according to a string of bearish indicators brought forward by a TradingView.com analyst. The US-based chartist pitted XRP/USD against three technically bearish setups. They included a long-term Moving Average wave, a Bearish Divergence between price and momentum, and a ‘death cross.’ Together, all three suggesting an extended dive towards $0.15, a classic support level situated 35 percent below the current rate. Ripple chart shows…

‘Other companies will follow’ — MSTR stock up 9% after buying Bitcoin

boss

The Nasdaq-listed firm MicroStrategy (MSTR) is continuing to purchase hundreds of millions of dollars worth of Bitcoin (BTC), resulting in its company stock price to gain over 9% on Sep 16.  MSTR stock recovers to pre-Covid levels after buying Bitcoin  MicroStrategy first announced the firm is purchasing Bitcoin on Aug. 11, after which its stock price surged by over 10%.  Now, MSTR price has once again risen in a similar fashion after confirming yesterday that it doubled down on adopting a “Bitcoin standard,” buying over 38,000 BTC worth $425 million…

Privacy coins don’t conflict with anti-money laundering laws

boss

Privacy-oriented cryptocurrencies like Monero (XMR) do not conflict with Anti-Money Laundering laws, according to a major global law firm. Perkins Coie, a Seattle-based international law firm, published a report devoted to the AML regulation of privacy coins on Sept. 15. In the report, Perkins Coie aims to dispel the purported misconception that privacy coins like XMR are fundamentally incompatible with AML compliance, arguing that regulated entities are capable of complying with AML obligations while supporting privacy coins. According to Perkins Coie, privacy coins ultimately present “no incremental challenges or requirements”…

P2P Bitcoin Exchange Paxful Shuts Down Venezuela Operations to Comply With US Sanctions

boss

Peer-to-peer (P2P) crypto exchange Paxful is shutting down its operations in Venezuela, apparently, to comply with U.S. economic sanctions against the leftist government of disputed president Nicolas Maduro. On Tuesday, a Paxful spokesperson told news.Bitcoin.com that the exchange will now start restricting new accounts and closing old ones, as part of the shutdown process. “Current users will have 30 days to withdraw their funds without fees and will be notified directly via email on how to do so,” said the spokesperson, in a statement shared on email. “Venezuelan users who…

Here’s the Pivotal Level Where Bitcoin’s Ongoing 10% Surge May End

boss

Bitcoin is surging despite weakness in the altcoin market. Since bottoming at $9,800 last week, the coin has gained $1,000 and over 10% as its price has reached $10,850 as of this article’s writing. Earlier today, the coin traded as high as $10,900 as buyers stepped in, seemingly responding to MicroStrategy purchasing over 10,000 coins. The leading cryptocurrency’s rally may soon end, though. Analysts in the space are currently eyeing $11,000-11,200 as a potential region where Bitcoin’s ongoing move higher will come to a stop. This does not take away…

COVID-19 vaccine will spark Bitcoin ‘crash’ — Rich Dad Poor Dad author

boss

Bitcoin (BTC) will “crash” when the world finds a coronavirus vaccine that works, popular author Robert Kiyosaki claims. In a tweet on Sep. 15, Kiyosaki, famous for his book, “Rich Dad Poor Dad,” warned that a functional solution to Covid-19 would send safe-haven assets plummeting. Kiyosaki: vaccine “crash” will be Bitcoin buying opportunity “What happens when vaccine is proven?  Gold silver Bitcoin will CRASH. Buying opportunity,” he wrote.  Continuing, Kiyosaki argued that the virus was masking the “real” issues at stake for the United States economy in particular. With $26.7…