Bitcoin inventory is building on exchanges but there’s a lack of buyers, according to a Chainalysis economist. Original
Bitcoin Market Weakening After Macro-Based Sell-Off, On-Chain Data Suggests
Day: September 23, 2020
China Unlikely to Approve Oracle and Walmart’s TikTok Deal – Blockchain and Bitcoin Implications
China appears to be on edge regarding Oracle and Walmart’s deal with parent company ByteDance for TikTok’s US operations, calling it an “unfair” deal. China is outraged by US’ TikTok demands In addition, there appear to be divided beliefs regarding what the TikTok deal entailed. While President Trump had said that the Oracle deal for TikTok “will have nothing to do with China” and that “all of the control is Walmart and Oracle, two great American companies,” the remarks appeared to have struck a sensitive chord among Chinese regulators. The…
Bitcoin 200-week moving average hints price will never go below $6.7K
Bitcoin (BTC) speculators waiting for a BTC price drop of even 35% will probably be waiting forever, new data shows. In a tweet on Sep. 22, quant analyst PlanB noted that Bitcoin will break the habit of a lifetime if it goes lower than $6,700. PlanB tracks historical BTC price floor PlanB was referencing the 200-week moving average (200MA) for BTC/USD. A popular tool in his work, the 200MA has never been broken during Bitcoin price downtrends. As of Tuesday, the level equated to $6,700 and continues to rise by…
This XRP Fractal Predicts Ethereum Could Soon Swing Back Above $400
Following legacy markets, Ethereum and XRP have undergone strong corrections over the past week. According to an analyst, though, the price of ETH could soon undergo a bullish recovery above $400. This comes as analysts have affirmed that ETH’s fundamentals are more bullish than ever. These fundamentals include persistent development in decentralized finance and development in scaling solutions like ETH2. Related Reading: MicroStrategy’s Stock Continues to Soar After Bitcoin Purchase This XRP Fractal Suggests It’s Time for an Ethereum Recovery Ethereum is primed to move back above $400 in the near…
Visa, Goldman Sachs and Mick Mulvaney join leading blockchain trade association
On Wednesday, the Chamber of Digital Commerce announced the addition of Visa, Goldman Sachs and Six Digital Exchange (SDX) to its executive committee. Mick Mulvaney, a former White House Chief of Staff and a co-founder of the Congressional Blockchain Caucus will also be joining the chamber’s board of advisors. Mulvaney left the White House in March. On the board, he will be joining a number of figures familiar to Cointelegraph’s readers, including Don Tapscott of the Blockchain Research Institute and former CFTC Chairman Chris Giancarlo, who is now with the…
What is CBDC? | Blockchain News
CBDC stands for Central Bank Digital Currency, and represents the digital form of a nation’s fiat money (currency backed by trust or faith in the regulating government). As such, it is controlled directly by the country’s central bank, and is backed by national credit and government power. Despite being influenced by decentralized cryptocurrencies like Bitcoin, CBDC is more of a reaction to than an embrace of cryptocurrency, which central banks see more as a threat to be managed. With the immense popularity of Bitcoin and the announcement of the launch…
Senior Full Stack Engineer at Unstoppable Domains (San Francisco, CA, USA) – Blockchain News, Opinion, TV and Jobs
We are making a product that will change the world of cryptocurrency and freedom. We are shaping the future of a free Internet. Unstoppable Domains is…We are making a product that will change the world of cryptocurrency and freedom. We are shaping the future of a free Internet. Unstoppable Domains is…Read More Previous articleBackend / Quant Developer at Kraken (EMEA) Source link
Institutional Investors to Raise Their Stake in Crypto, Especially in Bitcoin
Evertas surveyed 50 institutional investors both from the United States and the United Kingdom that manage over $78 billion in assets. A recent survey conducted by Evertas, the world’s first crypto asset insurance company, indicates that institutional investors plan to significantly increase their stakes in Bitcoin (BTC) and other digital assets in the future. This comes at a time when the cryptocurrency industry at large is experiencing sell pressure. With increased fiat inflation due to the ongoing coronavirus pandemic, investors are fleeing to assets that can add value or store…
S&P 500 Ends Its Losing Streak, Stock Market Positive
The stock market remained upbeat on Tuesday as Fed Chairman Jerome Powell restored confidence among investors assuring the central bank’s support to the economy. Tech stocks continued to remain in charge of the market pullback. The stock market turned positive on Tuesday, September 22, after staying under pressure for the last four-five trading sessions, S&P 500 (INDEXSP: .INX) ended its losing streak by surging 1% by the day end. The tech-heavy Nasdaq (INDEXNASDAQ: .IXIC) also climbed 1.7% closing at 10,963.64.. The Dow Jones Industrial Average (INDEXDJX: .DJI) managed to stay…
Ripple (XRP) Near Crucial Juncture: Here’s Why It Could Decline Sharply
Ripple failed to extend gains above $0.2580 and declined sharply against the US Dollar. XRP price is likely to decline heavily if it breaks the key $0.2300 support zone. Ripple is now trading well below the $0.2400 and $0.2380 support levels against the US dollar. The price is facing many hurdles and it is now well below the 100 simple moving average (4-hours). There was a break below a crucial bullish trend line with support near $0.2440 on the 4-hours chart of the XRP/USD pair (data source from Kraken). The…