Day: October 5, 2020

Lagging Bitcoin futures premium shows BitMEX is losing investor trust

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For BitMEX, 2020 has been quite a rough year and from the look of things it’s only set to get worse.  The popular derivatives exchange is no longer as relevant and impactful on crypto market price action as it was 2 years ago, but a significant short-term price correlation among top exchanges has been proven repeatedly. A well-documented case occurred in May 2019, when a large sell order on Bitstamp caused a cascading $250 million liquidation on BitMEX. The following month, a Coinbase exchange outage triggered a $1,400 Bitcoin (BTC)…

Blockchain Bites: Ethereum’s Economy, Estonia’s CBDC Research, Coinbase’s Severances

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CoinDesk is preparing for invest: ethereum economy with a special series of newsletters focused on Ethereum’s past, present and future. Every day until the event, the team behind Blockchain Bites will dive into an aspect of Ethereum that excites or confuses them. The Top Shelf news you subscribed to is down below.  Now a few words from CoinDesk’s Managing Director of Events Aaron Stanley: Making consensus The meaning of developmentThe exploding popularity of decentralized finance, be it “Weird DeFi” or otherwise, has brought a surge of new interest to Ethereum-based applications while highlighting the scalability issues…

Meghan Markle & Prince Harry to Spend Christmas in Us

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It seems the “Christmas question” has been answered early this year. Meghan Markle, Prince Harry, and Archie will be spending the festive period in America. Thank God! I’m sure the royals could well do without the drama the couple would bring to a royal Christmas. It was only a matter of time before the Christmas plans of Meghan Markle and Prince Harry would become a topic of debate. Thankfully, it seems that there won’t be much by way of conjecture. If sources are to be believed, Harry and Meghan will…

Uniswap’s UNI Could Drop a “Lot Lower” as Key Support Level Risks Breaking

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Uniswap’s UNI token has been sliding lower over the past few days, and there’s no end in sight to its ongoing descent. The strength of this selloff has been intense and has struck a serious blow to both investor sentiment and its market structure. Many analysts are now noting that the cryptocurrency is at risk of seeing significantly further downside in the days and weeks ahead, which may come about regardless of how the entire market trends. If UNI incurs a downtrend independent from the rest of the market, this…

These China-based notaries are using the Blockchain to manage their client’s cases

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40 firms have used Shanghai’s blockchain-powered notary platform to handle over 3,000 cases since its launch in January. According to Jiemian, the “Hui Cun” platform (which is managed by Shanghai Xuhui Notary Public) is a blockchain-based electronic data storage protocol that exercises notarization functions. It stores pictures, videos, and screen recordings on the platform via a blockchain network. These files are then preserved for use in litigation. Shanghai’s Xuhui Notary Public Office claim that the platform allows them transparently preserve evidence, and drop notarization costs by an average of 44%. Pan…

Cyberpunk 2077 is the Best Next-Gen Launch Game Ever

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Cyberpunk 2077 is basically a launch title. The open-world RPG is a compelling case for next-gen consoles. Will gamers consider it in the upcoming launch lineup? Cyberpunk 2077, the hotly-anticipated game from The Witcher 3 devs CD Projekt Red, is launching one week after the PlayStation 5 and Xbox Series X. This essentially makes it a launch title – one that many aren’t considering when it comes to their next-gen buying decisions. It doesn’t drop the same day as Demon’s Souls, Yakuza 7, and Spider-Man: Miles Morales, but Cyberpunk 2077…

Goldman Sachs’ Rosy Outlook on the Stock Market Could End in Tears

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Goldman Sachs expects profit margins to jump in 2021. Goldman’s forecast is based on strong U.S. and global economic growth in the coming year. The stock market is facing many downside risks that we shouldn’t overlook. Goldman Sachs is optimistic about corporate profitability in 2021. The bank expects the U.S. stock market’s margin to jump sharply next year. Goldman expects a key financial measure to improve strongly on the back of a continued economic recovery in the fourth quarter and into 2021. Goldman Forecasts Strong Margin Growth for 2021 The…

Tech Adoption Fueled by COVID-19, Will Global Blockchain Adoption Be Accelerated Too?

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Coronavirus has driven global economies and businesses to the ground, but one industry that has benefitted from the pandemic appears to be the tech sector. With the coronavirus pandemic, China and US tech giants have boomed in business, with social distancing being emphasized globally. Although the future is uncertain for every business industry, digital trends have been accelerated and propelled forward by COVID-19. Speaking to CNBC, an analyst commented on the growing the digital trend in China: “On the user behavior side, the pandemic gave an impetus to the…

Price analysis 10/5: BTC, ETH, XRP, BNB, BCH, DOT, LINK, CRO, LTC, ADA

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Traders are attempting to kickstart a new trending move in Bitcoin and altcoins by attacking overhead resistance levels. A recent report by ARK Investment Management LLC presents a strongly bullish case for Bitcoin’s (BTC) future value. The group projects that Bitcoin’s network capitalization will rise to $1-$5 trillion over the next five to ten years. The asset manager argues that Bitcoin offers one of the most attractive risk to reward ratios and should be included in well-diversified portfolios. However, Blockstream CEO Adam Back believes that the estimation is “conservative” and…