Day: September 19, 2020

New Bitcoin bull run? Whales and institutions accumulating, data shows

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As the price of Bitcoin (BTC) breaks past $11,100 on Sep. 19, whale activities and Bakkt’s all-time high volume suggests strengthening momentum. The 4-hour price chart of Bitcoin. Source: TradingView.com According to CryptoQuant’s Ki Young Ju, fewer whales have been sending BTC to exchanges. Historically, the data indicates less selling pressure from high-net-worth Bitcoin holders. Simultaneously, the daily volume of Bakkt’s institution-focused Bitcoin futures market achieved a record high. Operated by ICE, the parent company of the New York Stock Exchange (NYSE), Bakkt facilitates BTC trades for institutions. The Bitcoin…

Rebel Wilson Is Losing Weight & the Reason Might Surprise You

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Rebel Wilson showed off her a new hair makeover and slimmer figure on her Instagram story. The Pitch Perfect actress has documented her impressive weight-loss transformation on her Instagram page with various glamourous snaps. Is her weight loss for the right reasons, or is she perpetuating a bigger problem with the Hollywood film industry? The hilarious Australian actress we all know and love, Rebel Wilson, shared that 2020 was the “year of health” for her. The results speak for themselves: Rebel Wilson showcases her slimmed-down figure in a mirror selfie.…

Will the CME Bitcoin futures gap buyers at $9,600 be left in tears?

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The recent week has been relatively dull on the price movements of Bitcoin (BTC), as a slow upward trend was established after Bitcoin’s price found a footing at above $10,000. This rally then continued toward $11,000 on Sep. 18 but was pushed back by some short-term resistance levels.  The previous week has been focused solely around Uniswap (UNI) and the airdrop of its token, combined with several listings on high-end exchanges. At the same time, let’s take a look at the price of Bitcoin and its charts to gauge where…

PlayStation Boss Dismisses Xbox Strategy and Low-Spec, Cheaper PS5

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PlayStation boss says Sony explored the idea of a lower-spec PS5 variant. The gaming giant ultimately abandoned the idea, describing it as too problematic and at odds with a desire for product longevity among players. Pre-orders for the PS5 have already sold out at most retailers worldwide. As PlayStation boss Jim Ryan continues his round of post-PS5 showcase interviews with the gaming press, a new tidbit has emerged about the console’s development, revealing that Sony explored the idea of a reduced spec, budget variant of the PS5. In an interview…

NFT Digital Art That Changes With Bitcoin Price Volatility Sold for Record $101,000

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Matt Kane’s “Right Place & Right Time,” a non-fungible token (NFT) digital artwork that changes every day with the bitcoin price volatility, claims the artist, has been sold for a record 262 ether or $101,100 on blockchain platform Async Art. According to a description of the artwork on Async Art’s website, a new composition for the master is generated independently each day based on BTC’s volatility and price action from the previous 24 hours. The work is composed of what the platform calls “layers”. Kane’s piece has 24 of these.…

A trillion-dollar opportunity for the taking

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With today’s technological and medical advancements, quality, affordable healthcare should be a basic human right: healthcare for every single person, no matter their socioeconomic level or geographic location. The global size of the healthcare market was worth over a staggering $8.45 trillion in 2018 and continues to grow. With the onset of the COVID-19 pandemic, it’s well known that medicine is moving online and going digital. But how is this related to decentralized finance? The decentralized finance community is rapidly growing but is currently still in its early stages with…

Stamping out corruption with blockchain tech

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Some of the main functions of government institutions include redistribution of resources and maintaining official records. These are precisely the domains where blockchain technology — with its focus on facilitating secure, traceable transactions and maintaining immutable records to build trust — is well-positioned to make a strong impact. A recent report by Denmark’s Ministry of Foreign Affairs is the latest to highlight blockchain technology’s potential to serve as a powerful tool in the fight against government corruption. This proposition, however, is only the latest in a long string of policy…

How a Spoof Turned Into a Media Hype About Bitcoin Cash

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An anonymous Bitcoin Cash (BCH) supporter says he deliberately started a spoof which successfully baited local media to report on the coin. The trick, which involved the use of 100 Bitcoin Cash tip stickers, only cost a total of $1,100 yet it managed to get BCH featured by media outlets in Bakersfield. Explaining the success of the ruse, the anonymous BCH supporter, who also goes by the name Bitcoin Man, says he printed “around 100 Bitcoin Cash tip stickers, stuck them all over downtown Bakersfield, took photos where he placed…

Money Reimagined: Climate-Friendlier Crypto – CoinDesk

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Haunting red skies, a mounting death toll and a giant swath of smoldering devastation across 12 western U.S. states compels us to talk this week about climate change and what it means for the cryptocurrency industry.  Because, whether you like it or not, both of those things are not going away.  Sadly, the overlap between people working in crypto and people working to contain climate change is small. But the reality is that the future of cryptocurrencies and the future of our planet’s climate are closely intertwined.  Climate change is…