Day: October 25, 2020

A Flexible, Low-Risk Crypto Collateral Lending DeFi Platform

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The cryptocurrency industry has come a long way since its inception, as the underlying technology undergoes constant evolution. The latest advancement in such development is the concept of Decentralized Finance, popularly known as DeFi. As the DeFi movement rages on, a lot of new, innovative projects have entered the market, offering a great deal of flexible financial products to the community. One such innovative project is InfinityDefi, a state-of-the-art composite cryptocurrency asset management platform that offers much-needed financial services to the community, helping them put their crypto assets to good…

Bitcoin (BTC) Held By Private & Publicly Traded Companies Hits $10.2B

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Summary: 785,999 Bitcoin is held by private and publicly traded companies This translates to roughly $10.2 Billion using Bitcoin’s current value at $13k Of this amount, 610,302 Bitcoin is held by publicly traded companies and 175,697 BTC by private companies BitcoinTreasuries.org is a website dedicated to tracking the amount of Bitcoin owned by notable companies, both private and publicly owned Ever since Square and MicroStrategy announced their decisions to buy and hold Bitcoin (BTC), the crypto investor community has been curious as to how much more Bitcoin is held by…

3 reasons Bitcoin suddenly dropped 3% in 1 hour and recovered

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Three factors likely triggered a quick decline in the price of Bitcoin (BTC) on Oct. 25. First, traders pinpoint the $13,300 to $13,500 area as a major resistance range. Second, futures and options markets are neutralizing. Third, weekend trading is seemingly amplifying volatility. The $13,300-$13,500 range is a key resistance area for Bitcoin in the short term Before the sudden price drop occurred, BTC soared from $13,127 to $13,350. The dominant cryptocurrency rallied swiftly to an area of interest for sellers as more miners moved BTC to exchanges. Throughout the past…

JP Morgan Sees Millennials’ Bitcoin Preference Over Gold as Foundation for Its Long Term Success

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JP Morgan says bitcoin’s 2020 surge is set to continue as the digital cryptocurrency competes better against gold as an alternative currency. In a note, the financial institution says that with millennials set to become a more important market participant in the coming years, their preference for bitcoin to gold sets up the crypto for future success. The financial institution’s assessment comes as the digital currency continues to see increasing adoption by institutional investors and an embrace by corporations like payments giant Paypal. According to a report, JP Morgan estimates…

WordPress Plugin to Boost Copyright Protection by Timestamping Content on the EOSIO Blockchain

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Upon setting up a plugin dubbed WordProof Timestamp, WordPress users will be able to store and encode their content on the EOSIO blockchain. As a result, the open-source blockchain platform will guarantee any WordPress website copyright protection and transparency. Blockchain certificate pop-up Timestamping is a sequence of encoded information or characters, which shows when a given event happened. Once the content is timestamped, a universal and unique fingerprint or hash for all media files, pages, and posts will be generated. In a case scenario where the content changes, the hash…

Bitcoin breaking through $12K is huge but don’t expect higher prices before 2021

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The previous week has been tremendous for Bitcoin (BTC) investors as price broke the crucial barrier of $12,000, culminating in a surge from $11,300 to $13,300, a rally of $2,000 within a week. A new yearly high was printed, while the dollar has been showing weakness as well. Next to that, multiple listed companies came along with statements regarding allocations of Bitcoin rather than the U.S. Dollar. All these arguments line up for a continuation of the bull market, but which levels should be watched? Let’s take a closer look…

Ant Group’s Dual Listing of $35B Will Make It World’s Largest IPO Ever

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As per the market estimates, the Jack Ma-backed Ant Group will list its shares at the Hong Kong and the Shanghai STAR at 69 yuan per share price. This could further boost Shanghai’s status as the fastest ever-growing market in the world. China’s Ant Group is preparing for a dual listing on the Hong Kong as well as Shanghai Stock Exchanges. At $35 billion, this could be the world’s largest-ever IPO in history beating the record of Saudi Aramco‘s $29.4 billion listing last December. Sources familiar with the matter said…

Estee Lauder Uses Blockchain Technology to Further Beauty Solutions

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Estée Lauder Companies (ELC), the American multinational manufacturing giant and marketer for makeup, prestige skincare, fragrance, and hair care products, has established a blockchain platform to meet sourcing standards for its Madagascan vanilla skincare ingredient.  A better grasp of the supply chain By piloting the blockchain system, ELC seeks to enhance how it validates the authenticity and quality of vanilla in its products. As a result, it will have a better grasp of what transpires across the supply chain.  Vanilla is a spice derived from orchids, and its essential oil…

Ethereum Bullish Breakout Pattern Indicates Fresh Rally Towards $450

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Ethereum traded to a new monthly high at $422 before correcting lower against the US Dollar. ETH price is trading well above the 100 SMA (H4) and it is likely to resume its upside above $422. ETH price is trading in a strong uptrend above the $400 support against the US Dollar. The price is trading well above the $380 pivot level and the 100 simple moving average (4-hours). There was a break above a contracting triangle with resistance near $412 on the 4-hours chart of ETH/USD (data feed via…

Bitcoin Shoots Up to New Year-to-Date High After $13k Daily Close

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Bitcoin has once again rallied over the past day, bringing it to new year-to-date highs at $13,350 as of this article’s writing. The latest move higher just took place, bringing the leading cryptocurrency from $13,150 to the aforementioned highs. Chart of BTC’s price action over the past two days. Source: BTCUSD from TradingView.com This comes after Bitcoin saw a notable daily candle close of $13,000. This daily candle close was the highest of its kind since January 2018. Many see this as notable as $13,000 has long been an important…