Day: September 20, 2020

Messi Could’ve Graced England. Not a Washed-Up Gareth Bale

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Gareth Bale’s return to the Premier League is an anticlimax after Lionel Messi rumors. Bale is far from the player he once was. Messi stays at Barca, and Bale’s return proves the Premier League can only attract past-it stars. The Premier League has learned a thing or two about anticlimaxes recently. In a few weeks, the division that likes to market itself as the “best league in the world” has gone from the prospect of welcoming Lionel Messi to English shores to trying to be enthusiastic about Gareth Bale’s comeback…

Small Bitcoin addresses plunge to 4-month low, but is this bearish?

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The number of Bitcoin (BTC) addresses holding 1 BTC plummeted to a four-month low on Sep. 20, according to the data from Glassnode. But it is premature to suggest that it is a bearish sign for the top cryptocurrency. What caused the number of small Bitcoin addresses to sharply drop? The noticeable decline in small Bitcoin addresses coincides with the explosive expansion of the decentralized finance (DeFi) market. Since Aug. 1, the total value locked in DeFi protocols on Ethereum rose from $4.091 billion to $9.77 billion. The massive increase…

Blockchain-secured land entices real estate investors

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In the “real” world, real estate has historically been seen as a viable investment. Individuals and corporations usually purchase land and property either for development or to sell at a higher price in the future. With the world becoming increasingly digitized, it appears that the trend of ascribing significant value to land and property has been spreading to the virtual scene. At the intersection of emerging tech like virtual reality and blockchain, developers, investors and hobbyists alike are creating a vibrant virtual real estate market. While VR provides the tools…

Ethereum is Struggling Near $400, But 100 SMA Could Trigger Bullish Break

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Ethereum recovered above the $380 and $385 resistance levels against the US Dollar. ETH price is struggling to clear the $400 resistance, but it is holding the key 100 SMA (H4). ETH price is trading well above the $360 and $375 resistance levels against the US Dollar. The price traded to a new weekly high at $395 and it is above the 100 simple moving average (4-hours). There is a key bullish trend line forming with support near $374 on the 4-hours chart of ETH/USD (data feed via Kraken). The…

Bitcoin Price is Primed For a Rally And Only 1 Thing is Holding it Back

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Bitcoin is showing positive signs above the $10,800 support against the US Dollar. BTC broke the $11,000 level and it is currently correcting lower towards key supports. Bitcoin gained pace and traded to a new weekly high at $11,176. The price is currently correcting below $11,000, but it is well above the 100 simple moving average (4-hours). There are two major bullish trend lines forming with support near $10,900 and $10,800 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair is likely to continue higher…

Bitcoin price volatility expected as 47% of BTC options expire next Friday

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The open interest on Bitcoin (BTC) options is just 5% short of their all-time high, but nearly half of this amount will be terminated in the upcoming September expiry.  Although the current $1.9 billion worth of options signal that the market is healthy, it’s still unusual to see such heavy concentration on short-term options. By itself, the current figures should not be deemed bullish nor bearish but a decently sized options open interest and liquidity is needed to allow larger players to participate in such markets.  Total BTC options open…

Uniswap’s UNI Sees Funding Flip Negative Once Again as Bulls Roar

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Uniswap’s token UNI has been seeing massive inflows of capital throughout the past few days and weeks, with investors flocking to try to garner governance rights over Uniswap – which has rapidly become the most popular AMM in the market. This has caused the price of UNI to surge, hitting highs of over $8.40 yesterday before witnessing massive inflows of selling pressure that slowed its ascent and caused it to erase some of its recent gains. Nevertheless, it is still trading up well over 600% from its lows of $1.00…

Indian state of Tamil Nadu announces blockchain infrastructure plan

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The Indian state of Tamil Nadu unveils new technology projects, including a blockchain infrastructure, to create easier government processes. Indian chief minister Edapaddi K. Palaniswami announced Tamil Nadu’s adoption of an ethical blockchain policy, according to The New Indian Express.  Palaniswami also announced that Tamil Nadu intends to launch a project to provide Knowledge Proof Identity-based services delivery, which, according to the minister, will revolutionize the way the government provides its services to citizens. The project will be implemented by establishing and leveraging the State Family Database (SFDB) and Blockchain…

Chainlink (LINK) Will Soon Move Above $20

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Like other altcoins, Chainlink (LINK) has been subject to a strong correction over recent weeks. The coin now trades at $10 as of this article’s writing, around 50% below the all-time highs set at approximately $20 just weeks ago. Despite the strong drop, analysts remain optimstic about LINK’s price prospects. Related Reading: Ethereum Transaction Fees Surge to All-Time Highs After Uniswap Launch This Analyst Thinks Chainlink Will Soon Move Above $20 The cryptocurrency trader who predicted that Bitcoin would undergo a V-shaped reversal to $10,000 at the March lows is…