Bitcoin (BTC) price broke upward in the first half of October, resulting in a rally from $10,500 to $11,700. However, the momentum may be shifting once more as strength diminishes across the cryptocurrency market. A similar setup also happened prior to Bitcoin’s latest upward break with sideways consolidation in BTC causing altcoins to drop south heavily, especially the Defi sector. Rangebound and holding $11,000 But significant support at $11,000 is now a must-hold level to resume the bullish momentum, which may find difficulty clearing current levels as renewed coronavirus lockdowns…
Day: October 15, 2020
Global shipping leaders join IBM and Maersk blockchain platform
Two of the world’s largest container carriers announced a full integration onto IBM and Maersk’s TradeLens blockchain platform. CMA CGM, a French container and shipping company, along with MSC Mediterranean Shipping Company have joined the TradeLens network to enable a complete digital transformation of their supply chains. Marvin Erdly, head of TradeLens for IBM Blockchain, told Cointelegraph that as supply chains become digitized, manual paper-based processes, like processing bills of lading, are removed from the equation. “These processes are now embedded in blockchain networks and smart contracts that are trusted…
Blockchain VC deals are on the upswing despite Covid-19
Despite Covid-19’s chill on the investment industry, investors are still keen on the blockchain industry — with a notable shift in interest and money toward Asia, according PwC and Crunchbase.a. A new report by PwC, the professional services consultancy, has found that crypto M&A investment activity continues to shift away from the Americas, with 57% of deals occurring in Asia and Europe during the first half of 2020. This is up from 51% in 2019 and 43% in 2018. PwC’s aggregated data shows that $597 million was spent in 60…
Zenit St. Petersburg are creating collectible blockchain cards of their players
Zenit St. Petersburg — the top soccer club in Russia’s Premier League — has signed on to the Ethereum blockchain-based fantasy soccer game Sorare platform. As of Oct. 15, Zenit players will be released as collectible and tradeable digital cards as part of the blockchain-based game, joining 100 other international soccer clubs among them Juventus, PSG, Atletico Madrid and Paris Saint-Germain. Blockchain player cards can be exchanged with other managers and gamers can play games as soon as they have a minimum of 5 digital cards. The score of each player card…
Five mega exchanges hold 10% of Bitcoin’s entire supply
Roughly 10.6% of Bitcoin’s (BTC) circulating supply is currently held on just five centralized exchanges, according to data published by Chain.info. More than 1.96 million BTC is currently held between the major exchanges Coinbase, Huobi, Binance, OKEx, and Kraken. Likely owing to its custody services, Coinbase holds by far the most, with 944,904 BTC currently spread across approximately 4.39 million different wallet addresses. Huobi ranks second with 323,665 BTC held in roughly 901,600 unique wallets, followed by Binance with 289,961 BTC across nearly 2.7 million addresses. OKEx has 276,184 BTC…
BitMEX charges send ‘a message’ to global exchanges: Crypto Mom
United States Securities and Exchange Commissioner Hester Peirce — better known as “Crypto Mom” — believes the recent action against BitMEX may be a wake up call for crypto firms. In an interview with “Unchained Podcast” on Oct. 13, Peirce told host Laura Shin that the recent charges laid against BitMEX by the U.S. Department of Justice (DOJ) and the Commodity Futures Trading Commission (CFTC) has put the international crypto industry on notice about U.S. anti-money laundering (AML) and know your customer (KYC) regulations. “I think that the message has…