Day: October 5, 2020

John Harbaugh Is Picking a Fight He Can’t Win With the NFL

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To combat the coronavirus during the season, the NFL instituted a series of protocols intended to protect players, coaches, and personnel as much as possible. While many take the precautions seriously, many are not—like Baltimore Ravens head coach John Harbaugh. Harbaugh thinks the expectations the league has are unreasonable. John Harbaugh is a great coach. With Lamar Jackson at quarterback, it appears that his Baltimore Ravens will be contenders for years to come. Because of that, you would think he would be interested in keeping the season moving forward. Instead,…

No single blockchain can carry all of DeFi right now, MyEtherWallet founder says

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Most of decentralized finance’s potential scaling options come at the cost of decentralization, according to Kosala Hemachandra, founder and CEO of crypto wallet solution MyEtherWallet.  “From a perspective of fully decentralized blockchains, there’s no blockchain that has a good enough scaling solution to support this many transactions,” Hemachandra told Cointelegraph in an interview. “When you think from that perspective, Ethereum is the best solution out there.” DeFi has boomed in 2020, with Ethereum arguably being the top choice for most of the action, according to Hemachandra. As a result, scaling issues have surfaced in the…

NVDA Stock Up 4%, Nvidia Prepares to Build UK’s Largest Supercomputer

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While Nvidia’s Cambridge-1 is not the first supercomputer in the world, it certainly will be one of the few built with the latest technology. The foremost technology company NVIDIA Corporation (NASDAQ: NVDA) is set to build the United Kingdom’s largest supercomputer worth £40 million ($52 million). Per a report from CNBC, the proposed supercomputer from NVIDIA (NVDA) named “Cambridge-1” will be established in Cambridge England and deployed in Artificial Intelligence endeavors to promote research in medicine and healthcare. The announcement comes weeks after the company revealed plans to purchase Arm,…

Bank of Thailand Launches Government Savings Bond on IBM Blockchain

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Apart from blockchain technology, Thailand has also joined a growing number of countries currently exploring the cryptocurrency space. The Bank of Thailand has successfully launched a government savings bond on the IBM (NYSE: IBM) blockchain. Investors in the country can now buy bonds worth the maximum allowed value from a single bank. On the 5th of October, IBM announced that the blockchain-based government savings bond is the first of its kind globally. The announcement also stated that the central bank sold $1.65 billion worth of savings bonds within two weeks…

SEC and OCC Address Crypto Regulation Myths Hampering Growth

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Jay Clayton said the SEC’s door is “wide open” to those who want to learn and understand how to “tokenize the ETF product in a way that adds efficiency.” United States watchdogs, the Securities and Exchange Commission (SEC) and the Office of the Comptroller of the Currency (OCC) has provided key answers to some regulatory myths in the blockchain and cryptocurrency ecosystems hampering growth while restating commitments to aid the growth of the ecosystem. As reported by The Block, both the SEC and the OCC made this known through their…

Crypto for Congress: Bitcoin Sent to All Congress Members’ Campaigns

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The Crypto for Congress initiative has launched. All members of Congress will be given bitcoin as campaign contributions to help them learn about cryptocurrency. The initiative is supported by Congressional Blockchain Caucus members, including pro-crypto Representatives Darren Soto and Tom Emmer. Each Congress Member Receiving Bitcoin Contribution The “Crypto for Congress” initiative has launched, the Chamber of Digital Commerce announced Monday. “Today, all members of the United States Congress will receive a campaign contribution in bitcoin” as part of this initiative, the announcement details. There are 535 members of Congress:…

Bitcoin whale clusters pinpoint critical levels BTC must hold to rally

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Bitcoin (BTC) whale clusters point toward three critical price levels to maintain a bullish market structure in the near term. Whale clusters form when large investors purchase Bitcoin and do not move it, making it an unspent transaction. These clusters typically indicate where crucial support levels exist and the logic is that BTC needs to maintain this level to see a prolonged rally. According to data from Whalemap, the three important support levels marked by whales are $10,407, $10,570, and $10,667. Macro Bitcoin support levels represented as whale clusters. Source:…

Bitcoin Is Locked In a Triangle Again

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Regulators heat up the pressure on crypto after the two Iranian flagships reached the Venezuelan cost. It is assumed that the Venezuelan government paid the Iranian for the delivered gasoline in crypto. CFTC fined the popular derivatives platform BitMex for operating an unregistered platform in the US and violating the Anti-Money Laundering regulations. The regulator also charged the top-management of the derivatives trading platform, including the CEO Arthur Heyes, as a consequence almost $337 million worth of Bitcoin were moved from BitMex and the open interest rate dropped by 16%,…

Bitcoin News Roundup for Oct. 5, 2020

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With interest in bitcoin futures falling to their lowest level since May, CoinDesk’s Markets Daily is back for your latest crypto news roundup! Institutional interest in bitcoin futures has plummeted as the DeFi explosion made carry trades less attractive, said Bequant’s Denis Vinokourov.  Miners generated an estimated $328 million in September. SEC Chairman Jay Clayton expressed an openness to a tokenized exchange-traded fund. In a bid to raise awareness, the Chamber of Digital Commerce’s PAC is contributing $50 in bitcoin to the campaign of incumbent members of Congress in both legislative…

Traders Expect Slow Action in Price of Bitcoin and Altcoin Market for Q4

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Based on past Q4 figures, traders are expecting that a fall in the price of Bitcoin could cause further losses for the altcoin market. Traders are expecting a slow fourth-quarter for the price of Bitcoin and the altcoin market as well. Specifically, technical analysts are observing the Bitcoin dominance index to alert against a fall in the altcoin market. Over the past weeks, the price of Bitcoin has not changed significantly. However, traders are expecting a “slow fourth-quarter” for the top digital asset. Traders Predict a Boring Quarter for Bitcoin…