Day: October 23, 2020

First Mover: As Bitcoin Tops $13K, Analyst Explains How Blockchain Gives Clues on Next Move

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Bitcoin was higher, just above $13,000 and rising for a seventh straight day – the longest winning streak in six months.  “A continuation would probably require more positive news,” Matt Blom, head of sales and trading for the publicly traded cryptocurrency firm Diginex, wrote Thursday in a note to clients. In traditional markets, European indexes rose on positive corporate earnings and strong German manufacturing data, and U.S. stock futures pointed to a higher open. Gold strengthened to $1,911 an ounce.   Market Moves A hallmark of the blockchain analysis is that there’s…

Hoskinson Accuses Wikipedia of Censorship Following Refusal to List Cardano

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IOHK CEO Charles Hoskinson vents his disappointment over Wikipedia’s refusal to list a Cardano page. In a Periscope video, Hoskinson hits out following his discovery that the online encyclopedia sees Cardano as lacking credibility. What’s more, considering Cardano’s scientific credentials, Hoskinson believes there is more at play than merely inadequate source data on the project. Brief Statement on Wikipedia https://t.co/Q0vdrZIO3W — Charles Hoskinson (@IOHK_Charles) October 23, 2020 Wikipedia Content Requires Verifiable Data Internet entrepreneurs Jimmy Wales and Larry Sanger started Wikipedia back in 2001. Ranked as the number one website…

Blockchain Industry Leaders R3 and FORMS HK join Cyberport to Launch “Block AdVenture” Program

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Hong Kong’s innovation hub, Cyberport has partnered with leading global enterprise blockchain platform provider R3 and pioneer of blockchain applications FORMS HK to launch the Block AdVenture program. The Block AdVenture program is part of Cyberport’s commitment to empowering Hong Kong start-ups through the use of cutting-edge technologies and creating innovative digital solutions that meet the market’s needs. Blockchain is one of the key technology clusters promoted by Cyberport. According to a release shared with Blockchain.News on Oct 22, the Block AdVenture, program equips local startups with a deeper knowledge…

CME becomes 2nd biggest Bitcoin futures market

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The CME Bitcoin futures market overtook Binance Futures to become the second-biggest Bitcoin (BTC) futures exchange by open interest. The data shows that the institutional volume is rapidly gaining a larger share of the cryptocurrency market. On Oct. 10, Skew reported that the CME Bitcoin futures market’s open interest rose sharply by 1,500 contracts. Since then, within three days, the price of BTC surged 9% to over $13,000. The growing open interest of CME’s futures contracts on BTC is likely to have a positive effect on BTC price, particularly as a…

Grayscale Investments Adds $300 Million in Digital to its Portfolio

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According to a recent report, Grayscale Investments, a company that manages cryptocurrency investment funds, has once again added $300 million more in digital assets to its portfolio. This announcement was retweeted by Barry Silbert, CEO of Grayscale Investments LLC, soon after the company made the revelation on its latest addition to its portfolio. This has increased its total amount held in its portfolio to a sum of $7.3 billion.  Added a cool $300 million in AUM in one day https://t.co/G2lKu6QqxI — Barry Silbert (@BarrySilbert) October 22, 2020 Just recently, Grayscale…

AAVE Jumps 25% on DeFi Market Comeback; Analysts Predict Bull Run

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AAVE was trading higher on Friday, continuing a rebound that followed a massive 45 percent price crash between October 15 and 21. The decentralized finance token rose by up to 9.87 percent to establish an intraday high above $40. Its latest upside move brought its total retracement up by circa 25 percent, leading analysts to predict an extended bullish momentum. A pseudonymous daytrader said that he expects AAVE/USD to hit $42 in the near-term. Another one went more bullish with his market outlook, stating that the pair deserves to rise…

Blockchain Allowed 17 Million People to Travel Between Macau and China During Coronavirus

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Despite the coronavirus (COVID-19) pandemic bringing the travel industry to a standstill, a blockchain-powered QR health code system has enabled at least 17 million people to travel between China and Macau, an autonomous region off the south coast of China, since May. Mutual healthcare network China’s southern Guangdong province and Macau have been using a mutual QR health code network powered by blockchain technology to aid travel between the two regions as COVID-19 has jeopardized travel worldwide. The system has empowered both sides to authenticate travelers’ health status without directly exchanging personal…

Barclays Q3 Numbers Surprises Market, BARC Shares Jump

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During Q3 2020, Barclays managed to significantly reduce provisions for the loan losses thereby putting less budget for bad loan provisioning. Its corporate and investment banking (CIB) division shows strong performance during the tough times. Earlier today, October 23, British banking giant Barclays plc (LSE: BARC) surprised the markets with stunning Q3 results. The bank reported a net profit of £611 million ($797.7 million) more than double the market expectations of £273.5 million. The British lender has clearly laid its recovery plans from the Coronavirus pandemic. This strong performance comes…

Chainlink (LINK) Soars 10% Higher Amid Positive Fundamental Trends

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Chainlink (LINK) has gained 10% in the past 24 hours as Bitcoin has continued to hold in the $13,000 region. The popular altcoin currently trades for $12, its highest price in many weeks. The coin is currently the top-performer in the top 10 cryptocurrencies, outpacing Bitcoin’s 1.5% gain, Ethereum’s 5% surge, and the 1-3% performances by the other leading altcoins. Analysts think that the cryptocurrency is poised to gain even further traction in the days ahead as fundamentals and technicals align. Related Reading: Here’s Why Ethereum’s DeFi Market May Be…