It’s been quite the past few days for the Bitcoin price. After trading as low as $11,200 last week, the cryptocurrency has rocketed higher. BTC now trades for $12,940 as of this article’s writing, just shy of the $13,000 daily highs it reached just hours ago. Source of BTC’s price action over the past few days. Chart from TradingView.com Related Reading: Here’s Why Ethereum’s DeFi Market May Be Near A Bottom Bitcoin Taps $13,000 Bitcoin just tapped $13,000 as buying pressure continues to erupt across the industry. Analysts think that…
Day: October 21, 2020
CasperLabs readies blockchain platform for 2021 mainnet launch with $14M private sale
CasperLabs has raised $14 million in a private validator token sale, with over a dozen investors participating in a round led by Digital Strategies. The company expects to launch its public mainnet in the first quarter of 2021, followed by a public token offering which will exclude U.S. investors. In 2018, CasperLabs raised $14.5 million in an equity Series A round led by Terren Piezer. The original plan provisioned for an Exchange Validator Offering on the BitMax exchange, but the recent announcement makes no mention of the exchange. Casper started out…
Bitcoin Spikes to $12,850, Burning Over $75 Million in Futures Contracts
Bitcoin is exploding higher on the back of two extremely positive fundamental events: PayPal adding support for cryptocurrency and the U.S. confirming an imminent fiscal stimulus package. BTC currently trades for $12,800, far above the lows seen just a week ago at $11,200. Source: BTCUSD from TradingView.com The price of Bitcoin plunged last week as a result of news that OKEx had frozen withdrawals. The cryptocurrency is now returning higher as the market has shaken off that news event and has instead focused on the bullish ones. Related Reading: Here’s…
DragonEx crypto exchange considering shutdown amid OKEx ‘crisis of trust’
DragonEx crypto exchange suspended deposits and withdrawals of all digital currencies on its platform due to issues triggered by OKEx’s ongoing withdrawal freeze. In an official announcement on Oct. 21, DragonEx said that the OKEx freeze triggered a “crisis of trust” in centralized exchanges among its customers, which in turn fueled a run on funds and deteriorated the platform’s service. DragonEx is now working on a restructuring plan in order to resume deposits and withdrawals on the platform. The company’s representatives said that the exchange will have to shut down…
Filecoin launch hits turbulence. AP will put election data on blockchain.
In this issue Filecoin’s mainnet launch marred by miners’ complaints Associated Press joins Everipedia to publish US elections data on blockchain USDC adds Stellar blockchain as another alternative to congested Ethereum In China: OKEx under police investigation and suspends exchange services Funding spotlight: Investors bet $100 million on ‘neobank’ in India From the Editor’s Desk Dear Reader, Blockchain’s moment is coming. In one of the most closely watched elections of our time, the Associated Press, the 174-year-old consortium of U.S. publishers, broadcasters and news agencies, will be recording the results…
Chainlink (LINK) Poised to Plunge Against Bitcoin as Technical Setup Weakens
It’s been a tough past few days for altcoins, Chainlink (LINK) included. The price of the leading altcoin, based on Ethereum, has dropped 3.1% in the past 24 hours alone per CoinGecko market data. To put that into context, Bitcoin has rallied in excess of 4% over that same time frame. Stepping back, LINK’s price action is even weirder. CoinGecko data indicates that the coin has dropped around 10% in the past week alone. Over that same time frame, BTC gained in excess of 7%. Related Reading: Here’s Why Ethereum’s…
17M Chinese tourists verify health using blockchain to visit Macau
Chinese non-profit blockchain consortium FISCO BCOS, reports that blockchain-based health records have successfully enabled China to resume mainland tourism to Macau. From May, Macau’s blockchain-powered medical data system has recognized the ID codes of the Guangdong health system of the mainland, allowing mainland Chinese tourists to verify their health status using the DLT-powered system when entering the autonomous region. To date, more than 17 million tourists have cleared customs between Macau and China’s mainland using Macau’s blockchain health code. The announcement boasts that it takes just 100 seconds for mainland…
Nine Chilean cargo shipping companies approved to develop joint blockchain platform
Chile’s National Economic Prosecutor’s Office, or FNE, has granted approval to nine national freight maritime cargo companies to establish a joint venture to develop a blockchain platform, the first of its kind in the region. According to MundoMaritimo.cl, the platform will be named Global Shipping Business Network, or GSBN. It aims to handle all the processes related to maritime cargo such as document issuance and cargo clearance, among other services. The solution is also expected to be offered to other companies in the industry and not just those involved in…
Top DeFi Coins Crater 15% Despite Bitcoin Passing $12,000
It’s been a tough past few days for the DeFi market. Top decentralized finance coins have surprised most of their holders, actually dumping despite a relatively strong performance by Bitcoin. In the past three days, BTC has gained over 5%, surging from $11,300 to $12,000 at the recent highs. Altcoins are not partaking in strong BTC price action for the first time in many months, suggesting to some commentators that a shift has taken place in how crypto investors allocate capital. Related Reading: Here’s Why Ethereum’s DeFi Market May Be…