Day: October 14, 2020

Bitcoin’s 60-day Volatility Plunges to Historic Lows as Consolidation Persists

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Bitcoin’s volatility has been diving as of late, with the benchmark cryptocurrency seeing multiple prolonged bouts of sideways trading. Last week, BTC did see some turbulence that caused its price to rally from lows of $10,400 up to highs of $11,700. This move occurred over multiple days and has since resulted in it seeing yet another phase of consolidation. Its lack of momentum is not providing investors with any significant insights into its near-term trend, and the resistance that sits just above where it is currently trading at is quite…

Tesla Effected Price Slash in Its Model S Cars, Second Time in 2020

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The price slash in the Model S which came without much explanation from Tesla is certainly not a means to compromise on the quality. Electric automaker Tesla Inc (NASDAQ: TSLA) has yet again effected a price slash in its iconic Model S cars reducing the price of both the Model S variants in the United States by $3,000. As reported by TeslaRati, the Model S Long Range Plus originally worth about $74,990 can now be purchased for just $71,990. Also, the higher variant, Model S Performance saw its price dropped…

Hong Kong Crypto Exchange Launches Hardware Wallet With Fingerprint Recognition

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The Hong Kong-based crypto exchange Gate.io has launched a new type of hardware wallet that features fingerprint recognition. The device supports over 10,000 cryptocurrencies with wallet.io and multi-signature functionality with over 40 public chains. The well known cryptocurrency exchange, Gate.io, has announced the launch of the S1 hardware wallet that supports multi-signature functionality and a unique way to keep funds secure. The S1 device is different because it comes with fingerprint recognition located on the in-built display. Gate.io’s CMO, Marie Tatibouet, detailed that the fingerprint creates an exclusive and unique…

High Gas Fees Prevent Ethereum From Being Ethereum

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High Ethereum gas prices make it impossible for ERC-20 projects to run any microtransaction payments on Ethereum. This defeats the idea of using the Ethereum network for one of its principal use cases. Gas fees are part of Ethereum. They are the price required for miners to execute transactions. This fee is not constant, it fluctuates depending on network demand. A transaction can be delayed or outrightly rejected if it does not meet the miners’ threshold.  Michael Garbade is the co-founder and CEO of Education Ecosystem. He is a serial…

Crypto traders cautious on Bitcoin price as rally to $11.7K goes sour

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After the price of Bitcoin (BTC) achieved $11,720 on Binance, traders began to turn slightly skeptical on the dominant cryptocurrency. Despite the initial breakout above two key resistance levels at $11,300 and $11,500, BTC recorded several rejections. While it might be premature to predict a marketwide correction, the level of uncertainty in the market seems to be rising. In the short term, traders pinpoint the $11,200 to $11,325 range as a critical support area. If that region holds, technical analysts believe a significant price drop is unlikely. But if Bitcoin…

Indodax Crypto Exchange Set to List LinkEye (LET) on October 15

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Interested LinkEye investors can begin depositing LET on Indodax starting from today. Indonesia’s largest cryptocurrency exchange Indodax has partnered with LinkEye to list the former’s native coin LET on October 15. According to metrics provided by CoinMarketCap, Indodax reported having approximately 2 million registered users, hence making it the best platform to market LinkEye to the Indonesians. According to the press release sent out to different media outlets, interested LinkEye investors can begin depositing LET on Indodax as from today. Having been officially launched during the last crypto bubble, 2017,…

Blockchain Bites: Your Guide to Invest Ethereum Economy

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At stake Invest: ethereum economy, a full day of conversation, workshopping and networking around the future of money, goes live today at 9 a.m. ET. Starting off with a keynote speech from Ethereum co-creator Vitalik Buterin, the virtual event will also see appearances from MakerDAO Co-Founder Rune Christensen, Gauntlet CEO Tarun Chitra and CFTC Chairman Heath Tarbert, among many, many more.  The most in-depth conference to date dedicated to the Ethereum economy is a gated event. You can register now to gain access to the day’s panels as well as video-on-demand content released…

Permanent Remote Work for Staff

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From the research of the Economic Intelligence Unit, it was found out that most Dropbox employees feel more productive working from home as they feel more engaged than when they are in office settings. Dropbox Inc (NASDAQ: DBX) has announced a permanent remote work measure for its employees in what appears as the necessary new normal. As gleaned from Dropbox (DBX) official announcement, the recommendation to employees to take permanent remote work measures became imperative seeing how the coronavirus pandemic has shaped today’s workspace. According to the Dropbox (DBX), the…

X-raying XRP Perception by Numbers

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About 47.6% of the Ripple community members who participated in the poll said that they are ‘Extremely Likely’ to recommend the XRP coin to their family and friends. Stedas, a cryptocurrency investor and XRP educator, has arguably conducted the largest Ripple Community Poll that has given a comprehensive view about the XRP coin holders’ perception. According to the figures released by Stedas, more than a thousand Ripple community members participated in the poll which totals about 30. Per the figures, more than 72% of XRP coin investors or holders expressed…