Day: October 22, 2020

Crypto Cash Back, Rewards Platform StormX Introduces Referral Program

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The new referral program of StormX provides a win-win opportunity for both existing as well as future users. The existing users can earn up to $1000 for each referral. On the other hand, new users will benefit from the platform’s cashback rewards system. On Wednesday, October 21, cryptocurrency rewards platform StormX introduced a new referral program for its users. StormX is a popular player in the market and allows users to earn cash back for shopping across 500 online stores worldwide. The platform also supports some of the very big…

StormX Unveils New $1,000 Rewards Program

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The popular crypto cashback platform, StormX is now offering users up to $1,000 in rewards for each new person they invite to the platform in its newly introduced referral program. StormX users now have more ways to earn on the platform, while helping StormX meet its ambitious plans to continue growing its userbase exponentially in the coming months. From Cashback to Rewards StormX has been at the forefront of driving mass crypto adoption by enabling people to easily earn cryptocurrencies like Bitcoin (BTC) and StormX (STMX) while shopping online or…

Bitcoin’s brief trip to $13.2K suggests profit-taking price correction

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The price of Bitcoin (BTC) surpassed $13,000 for the first time since June 2019. The optimism around PayPal supporting crypto purchases led the overall market sentiment to brighten within a short period. Immediately after the PayPal news was reported, the price of Bitcoin increased from $12,300 to $13,200 at the day’s peak. Although the medium-term outlook of the cryptocurrency market remains positive, analysts are not dismissing the likelihood of a pullback. Bitcoin surged 25.5% within a 13-day span from Oct. 8. Initially, the BTC rally began as profits from altcoins…

Bitcoin Price & Technical Analysis: BTC Renewed Year Highs

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On Thursday, October 22nd, the BTC corrected after the preceding aggressive growth; nonetheless, the market still hopes for a new wave of growth. The coin is generally trading at $12,807 USD. By Dmitriy Gurkovskiy, Chief Analyst at RoboForex. Tech analysis of BTC/USD The BTC rate renewed this year’s peak. PayPal will start supporting crypto. On W1, the quotations are developing ascending dynamics and are now bouncing off 61.8% Fibo, which stimulates further growth to the target level of 100.0%. The MACD histogram is positive, giving an additional signal of growth. The…

‘Bitcoin’s No Longer Optional’ — What Investors Say About Paypal Launching Crypto Services

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Paypal launching cryptocurrency services has given crypto investors much to think about. While many crypto users view the news as extremely bullish, some point out several areas of concern bitcoin investors should be aware of. ‘Every Major Bank Is Having a Meeting About How To Support Bitcoin’ The news of Paypal launching a service that will enable customers to buy, hold, and sell cryptocurrencies directly from their Paypal accounts has triggered much discussion within the crypto industry. Users will also be able to pay for goods and services at 26…

Panxora Digital Ventures Launches Innovative Hybrid Seed Funding Solution For Blockchain and Cryptocurrency Token Sales

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Panxora Digital Ventures has launched its hybrid seed funding solution to revive the sluggish capital market for emerging Blockchain token projects. The companies’ hybrid model creates a two-stage fundraising process that bridges the gap between seed investors’ interests and token founders’ needs to produce better results. Gavin Smith, CEO at Panxora, said: “Our hybrid offering provides blockchain project founders and investors alike with a professional solution to the challenges they face. Investors see our hybrid methodology not only as a structure that will improve the performance of projects but a…

Siemens-backed blockchain energy platform showcases in Germany

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A blockchain-based energy trading platform backed by German tech giant Siemens is being publicly demonstrated in a Bavarian municipality today. The so-called “Pebbles” project — short for “peer-to-peer energy trading based on blockchains” — is holding a virtual demo of its blockchain-based marketplace platform for optimized electricity trading. The demo was officially announced by the project on Oct. 22. The public demonstration of Pebbles’ energy platform in the town of Wildpoldsried in Bavarian marks a major milestone after the project was launched in March 2018. Funded by German Federal Ministry…

Bitcoin Deviates Further Away from Dow, S&P 500 as Price Hits $13K

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Bitcoin has wholly sidelined its widely-covered correlation with the US stock market. On Thursday, the benchmark cryptocurrency sustained its weekly gains as its price surged by more than 1 percent. The move briefly pushed the price above $13,000 before a modest pullback turned it back below the level. But overall, the bias appeared extremely bullish for Bitcoin. Bitcoin retests $13,000-resistance in the latest sign of extended upside momentum. Source: BTCUSD on TradingView.com Bitcoin retests $13,000-resistance in the latest sign of extended upside momentum. Source: BTCUSD on TradingView.com That is because…

DLT security standards may turn legacy industries into blockchain innovators

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Tokenization has given rise to the “Internet of Value,” an era in which financial assets — or any assets with underlying value — can be easily transferred peer-to-peer over the internet. While revolutionary, tokenization has largely remained a concept embedded strictly within the cryptocurrency space. Yet as the need for digitized processes continues to impact multiple sectors, tokenization could become a game changer for global digitalization. In order to drive mainstream adoption, the InterWork Alliance — a nonprofit organization dedicated to creating global standards for tokenized ecosystems — has announced…