Bitcoin risks falling into four figures on a continued sell-off in equities and rebounding U.S. dollar. Original
Equity Markets Turmoil Could Push Bitcoin Below $10K, Say Analysts
Day: September 22, 2020
DEX Token UNI Trims Gains by Half in Brutal Sell-Off; Rebound Ahead?
UNI logged a rollercoaster opening session last week after rising by almost 2800 percent in just less than 24 hours. The token reached a record level of $8.59 following its free distribution among the users of UniSwap, a top decentralized cryptocurrency exchange by volume. It supplied about 150 million UNI tokens to its liquidity providers, traders, and SOCKS token holders. Nevertheless, UNI came under severe selling pressure as beneficiaries started dumping it in open markets to secure maximum profits. The result was a 50 percent downside correction, as shown in…
Austrian gin makers to use blockchain to guarantee bottles’ rarity
The Stin, an Austrian-based gin distiller, is set to use ICON (ICX), South Korea’s largest public blockchain project, to transparently track its supply chain. An Austrian blockchain firm, block42, will be combining near-field communication (NFC) technology with the ICON blockchain to maximize the security of the tracking system. NFC chips and devices function as electronic identity documents and keycards and are currently used in contactless payment systems and mobile payments services that replace credit cards. For The Stin’s supply chain, block42 will be fitting 999 bottles of the distiller’s limited-edition…
US Space Force Enlists Blockchain Firm to Deploy Hack-Proof Data Defenses
The United States Space Force has engaged blockchain firm Xage Security to develop a new security layer for its communications systems. Source link
DeFing the Crypto Drop, this Ethereum Coin Is Up 1,500% in a Week
It’s been a tough past few days for the crypto market, especially for Ethereum-based coins. From their recent highs, most decentralized finance coins based on Ethereum have crashed by 30-50%, plunging as capital has rushed to the sidelines. The best example of the correction is Yearn.finance (YFI), a cryptocurrency that is core to the DeFi ecosystem. Since peaking at $44,000 just weeks ago, the coin has corrected by nearly 50% to $24,000 as of this article’s writing. Not all coins are suffering from recent price weakness, though. In fact, there’s…
HSBC, Standard Chartered Indicted in Money Laundering, Shares Down
The unprecedented plunge of the shares of HSBC and Standard Chartered on the Hong Kong Stock Exchange has pushed the exchange to lead losses in the Asian region. Renowned international banks including the Hong Kong-based arms of HSBC Holding Plc (HKG: 0005), Standard Chartered Plc (HKG: 2888), and others have been indicted on allegations of helping to move large sums of money over the course of about two decades. As reported by CNBC, the money laundering allegations have caused a plunge in the shares of HSBC and Standard Chartered trading…
Bitcoin ATMs Surpass 10,100 Worldwide: Expert Shares Industry Outlook
The bitcoin ATM industry has reached a milestone as the number of machines installed worldwide has surpassed 10,000 after seven years since the first machine was installed. There are now 10,162 bitcoin ATM locations spread across 71 countries. Number of Bitcoin ATMs Exceeds 10K The number of cryptocurrency ATMs has grown significantly over the years, surpassing 10K last week. “It took industry roughly 7 years to reach this point since the first permanent bitcoin ATM installation in the end of 2013,” cryptocurrency ATM tracking website Coinatmradar wrote. “After the first…
‘Bitcoin (BTC) Is Better at Being Gold Than Gold’
The approximate return on investment of Bitcoin (BTC) if purchased at the time of launch (or at the earliest known price) was around 7,615.27% on Monday. The controversial debate of which is a better store of value between gold and Bitcoin (BTC) has perhaps increased the rift between older generational investors and younger investors. It is evident as seen by a comment by the Co-founder and CEO of Gemini crypto exchange Tyler Winklevoss who claims that Bitcoin is better at being gold than gold. As he is a younger generational…
New report says Bitcoin price in ‘more sustainable uptrend’ than 2019
Bitcoin (BTC) hitting its highest in over a year was different from the 2019 bull run because exchange balances fell, a new report says. Published on Sep. 21 and seen by Cointelegraph, Delphi Digital’s Bitcoin Outlook highlights unique trends in BTC price action. Report: Bitcoin hodlers now have “longer time horizons” According to the three researchers who compiled the report, Bitcoin reaching $12,500 last month had little in common with its run to $13,800 in 2019. This is because exchange balances at the time increased, while this year, they continued…
Flow Blockchain By Dapper Labs of CryptoKitties Fame to Make NFT-DeFi Based Crypto Games Mainstream
Blockchain technology has made a lot of headway since its inception, leading to the development of hundreds of DApps in DeFi, gaming, content management and plenty of other verticals. While most of these applications utilize the standard features offered by leading blockchains, there are few that have innovated in the space to create an entirely different experience. The use of conventional blockchains also comes with its own set of challenges and shortcomings, which range from scalability issues to cumbersome development process, and even lax security. It also means that developers…