Day: October 13, 2020

How Online Casinos Can Offer Players More Thrill by Adopting Bitcoins

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Bitcoin casinos are now coming up, and they are associated with many gains. They offer a variety of live dealer games, which include blackjack, baccarat, and roulette. Bitcoin is a valuable currency that allows people to shop and place bets securely. With many online casinos coming up, some are now seeking ways to intensify the player experience. And most gambling sites have adopted the use of Bitcoins, which comes with many benefits. It takes the gaming experience a notch higher. Here’s how the use of Bitcoins can transform an online casino.…

JPMorgan Beats Market Estimates for Q3 Earnings, JPM Stock Falls 1%

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JPM stock was down 1.38% on Tuesday’s opening hours in the market. The bank has reported better-than-expected net profits with the bottom line getting good support from its investment banking services. On Tuesday, October 13, Wall Street banking giant JPMorgan Chase & Co (NYSE: JPM) delivered better-than-expected Q3 earnings. During Q3 2020, the bank reported a net profit of $9.44 billion with $2.92 earnings per share. This is a nearly 5% jump in net profits and EPS compared to Q3 2019. Besides, Q3 2020 also exceeded analysts’ expectations by $1.5…

Blockchain Bites: G20’s CBDC Rules, Ethereum 2.0’s Tests, Blockchain’s $1.7T Boost

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CoinDesk is preparing for the invest: ethereum economy virtual event on Oct. 14 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 us. Today’s intro is written by CoinDesk research analyst Christine Kim. This year, 2020, is proving to be wildly successful for Ethereum in terms of market performance and technological development.  Since January, ETH has so far tripled in value, beating out the gains made by the majority of the top…

Sell Setup Combo On Bitcoin Coincides With Ominous Astrological Event

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Bitcoin price has fallen more than $400 from yesterday’s peak. The drop happened abruptly as the daily candle closed and turned to October 13th’s trading session. The collapse also coincides with two sell setups triggering, and the start of an ominous astrological event that historically has created turmoil for both people in general, and also for Bitcoin. Here’s how this short-lived phase has impacted crypto in the past, and how the combination of sell setups triggering could set off a series of downward movements in the days ahead. One-Two Crypto…

Germany looks to blockchain to help decentralize their energy economy

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The Deutsche Energie-Agentur, also known as DENA — the main governmental group responsible for energy innovation in Germany — is looking to move its energy ecosystem to a decentralized database. DENA “has selected Energy Web to design and construct a digital registry for distributed energy resources (DERs) across the country in partnership with more than 20 industry players,” an Oct. 13 blog post from Energy Web detailed, adding: “The project will enable energy assets in Germany, such as thermostats, solar PV systems, batteries, and electric vehicle charging stations to undertake…

PwC: Blockchain Technology Has the Potential to Boost Global GDP Up $1.76 Trillion By 2030

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In an analysis of blockchain’s impact on businesses and global economies, PricewaterhouseCoopers (PwC) indicates that by 2030, the impact of blockchain could be so significant that the technology has the potential to boost global gross domestic product (GDP) by $1.76 trillion. How could blockchain benefit the world? While blockchain is most known as the underlying infrastructure supporting cryptocurrencies, PwC experts reviewed other key advantages of the distributed ledger technology (DLT). The new report released by PwC assessed how blockchain technology could be leveraged to benefit and boost the economy worldwide.…

Ethereum price back on track to $500 once bulls flip $400 to support

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On Oct. 12 the price of Ether (ETH) soared 8.15% to reach a new monthly high at $387.75 on Binance. The rally from $366 to as high as $387.50 occurred as Bitcoin (BTC) price surged to $11,600, leading traders to speculate that the crypto bull market has restarted. Over the past few weeks Ether’s fundamentals have strengthened and despite a sharp downturn in the price of decentralized finance tokens, the number of active users in the Ethereum network has continued to grow. ETH/USDT daily chart. Source: TradingView.com Ether follows Bitcoin…

Bitcoin News Roundup for Oct. 13, 2020

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With BTC on its longest winning streak in more than a year and governments around the world working to craft a global CBDC framework, CoinDesk’s Markets Daily is back for your latest crypto news roundup! Bitcoin’s six-day run of gains has shifted the focus to psychological hurdle of $12,000. Some analysts are looking even higher. For Coinbase users who don’t want to keep their funds on an exchange, the buying and storing crypto just became a lot easier.  Many of the world’s largest economies will institute national digital currency banking…

C Stock Down 1%, Citigroup Reports Better Than Anticipated Q3 Results

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Citigroup reported $1.40 earnings per share versus 93 cents earnings per share as expected during the third quarter. Shares of Citigroup Inc (NYSE: C) jumped approximately 1.53% during Tuesday’s pre-market to trade around $46.58. The jump is attributed to the better than anticipated Q3 results that the company released on Tuesday. However, at the time of writing as the market opened C stock is down nearly 1%. Citigroup stocks have been on the receiving end during the pandemic as indicated by the past performance. According to metrics provided by MarketWatch,…