Day: October 15, 2020

Bitcoin Price Dives $150 in Minutes as Volatility Persists

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Bitcoin market volatility has persisted as the U.S. dollar continues to swing back and forth as the market attempts to determine the odds of a fiscal stimulus package. The leading cryptocurrency recently plunged $150 in a manner of minutes as the U.S. dollar rapidly jumped higher in an odd bout of price action. The futures market has felt this volatility, with derivatives tracker reporting millions of dollars worth of liquidations. Related Reading: Here’s Why Ethereum’s DeFi Market May Be Near A Bottom Bitcoin Sees Strong Market Volatility Bitcoin has exhibited…

Block.one Launches EOSIO for Business as PwC Makes $1.76T 2030 Blockchain GDP Prediction

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Block.one today announced a new suite of enterprise service offerings designed to help organizations integrate blockchain-based solutions into their operations. The announcement comes following a recent PwC report that predicts blockchain has the potential to boost global gross domestic product (GDP) by $1.76 trillion. According to an email shared with Blockchain.News, the four new offerings will leverage Block.one’s performance-focused EOSIO software and will include Blockchain-as-a-Service (BaaS), consulting, technical support, and training and certification programs. PwC Predicts Huge Growth For Blockchain While blockchain is most known as the underlying infrastructure supporting…

Market Wrap: Bitcoin Tests $11.5K; Ether Futures Open Interest Flattens

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Bitcoin is turning bullish Thursday while ether futures open interest sticks around $1 billion the past month. Bitcoin’s price is on the rise Thursday, moving from a mostly flat trend to hit as high as $11,543 on spot exchanges such as Bitstamp. It was changing hands at $11,537 as of press time.  The move upward arrives as the world’s oldest cryptocurrency has struggled to stay above $11,500 since Oct. 13. Andrew Tu, an executive at trading firm Efficient Frontier, said this phenomenon, often known as “resistance” where traders take profits,…

Analysts Think Uniswap’s UNI Could Surge to $4.30 Next; Here’s How

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Uniswap’s UNI token has been struggling to garner any strong momentum as of late, with buyers and sellers largely reaching an impasse as the cryptocurrency trades within the lower-$3.00 region. It has been facing some heightened pressure in recent days due to the intensity of the sell-off seen across the aggregated altcoin market. Once again, DeFi tokens are being hit the hardest by this, and UNI is now widely viewed as a benchmark bet on the sector. Despite the intensity of its recent selloff, analysts are still noting that it…

‘Shorts will be dead’ — Why Dan Tapiero expects a massive Bitcoin shortage

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In recent months, there has been a considerable spike in institutional demand for Bitcoin (BTC) following several high profile investments. Over time, asset manager and 10T Holdings co-founder Dan Tapiero believes this could lead to a problematic shortage in BTC. Alongside investments from Square, MicroStrategy and Stone Ridge, Bitcoin inflows to Grayscale Bitcoin Trust have surged. Based on the rapid growth of institutional investments, Tapiero warns that short-sellers could see trouble in the future. Institutional investors are rushing into Bitcoin In the third quarter of 2020, the Grayscale Bitcoin Trust…

Philippines Regulator Warns Investors to Steer Clear of Mining City’s Bitcoin Vault Ponzi

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There’s a mining contract scheme people are discussing and making the rounds on the web called “Mining City” or “Bitcoin Vault.” The Philippines SEC recently put out a warning against the operation and the alleged masterminds behind the project. One thing is for sure, there’s been a number of crypto Ponzi operations over the years, and they typically attract a lot of users before they crumble. However, as the story goes with any pyramid scheme when the project crashes, only the top leaders make off with all the money. One…

Giving Crypto Investors Sustainable Earning

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Yobit.net offers a virtual mining service with the potential to grant investors a sustainable source of earning alternative income. Yobit.net, one of the oldest cryptocurrency exchanges around offers a virtual mining service with the potential to grant investors a sustainable source of earning alternative income. The entire cryptocurrency industry which gained wide prominence in the past decade has many established ways by which enthusiasts can make a fortune. Most notably are cryptocurrency investors, including the big money guys who pump money to promote early-stage cryptocurrency projects through Initial Coin Offerings…

Coinbase to Sponsor 2 Bitcoin Core Developers With New Grant Program

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Coinbase is sponsoring at least two Bitcoin Core developers with a new grant program, the San Francisco-based exchange announced Thursday. “We believe helping to connect and grow the cryptoeconomy is essential to building an open financial system for the world,” Manish Gupta, executive vice president of engineering at Coinbase, said in a statement. “Our Crypto Community Fund aims to grow and improve the entire crypto industry, while making it simpler to use and more secure for everyone. If successful, we intend to expand the program to other types of projects…

How Three Crypto Unicorns Going Public In 2021 Could Boost Bitcoin

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Something special seems to be brewing in the crypto industry lately. Bitcoin is becoming a respected and mature financial asset, and the businesses associated with them are finally getting the respect they demand too. The next year, a major catalyst for the next crypto bull market could be a variety of crypto companies going public by way of IPO, bringing much-needed interest and attention from traditional finance into the world of emerging digital assets. Here are the three crypto unicorns one analyst expects to see go public next year, along…