The crypto lender is only the second firm to disclose such a large GBTC stake, after Three Arrows Capital. Original
BlockFi Takes 5% Stake in Grayscale’s $4.8B Bitcoin Trust
Day: October 27, 2020
INVIZION Holds Second Public Sale of NVZN Token on October 29
The success of the public sale will permit INVIZION to kickstart its initiative which combines blockchain technology, DeFi (Decentralized Finance) and IoT (Internet of Things) solutions. INVIZION made history recently as the first blockchain company to be presented at the United Nations Global Compact, a global event organized by the United Nations General Assembly on 22 September 2020. INVIZION, a technology company that aims to address the global waste problem through their revolutionary waste tracking blockchain-based solutions, has announced that it is conducting a second public sale of its NVZN…
Why traders say $13,875 will be the next ‘logical’ Bitcoin price resistance
The price of Bitcoin (BTC) has surpassed $13,745 and is now en-route to the next major resistance level. Traders have suggested that $13,875 is the nex key short-term area for BTC for two major reasons. First, Bitcoin peaked at $13,970 on Jun. 26, 2019. Technically, the previous peak achieved more than a year ago still serves as an important area for sellers. Second, technical analysts say that the weekly candle chart of Bitcoin shows $13,875 as the next “logical resistance.” The major factor will be how Bitcoin price responds to tapping…
This Paradigm-Backed Startup Is Offering DeFi’s First ‘T-Bill’
“What is the time value of money?” That’s the age-old question Allan Niemerg, former head of research and investments at Cumberland DRW and founder of newly launched Paradigm-incubated Yield Protocol, is trying to answer with his new programmatic money market. Released publicly Oct. 19, Yield is jostling to join a $2.6 billion decentralized lending industry dominated by established players such as Compound by providing a benchmark product others have not: a DeFi yield curve. STABLE RETURNS: Yield Protocol’s six offerings plot a DeFi yield curve, the founders say.(Yield Protocol)Source: Yield Protocol…
COVID-19 made Bitcoin more appealing to investors
A survey by Grayscale Investments indicates that the COVID-19 pandemic has increased investor appetite for Bitcoin (BTC). Source: Grayscale Investments. The firm surveyed 1,000 U.S. consumers between the ages of 25 and 64 that were involved in personal investments of $10,000 or more in household investable assets. The survey was conducted in June-July 2020. 63% of the respondents who had invested in Bitcoin in the previous four months said that the pandemic had an impact on their decision. Moreover, 39% found Bitcoin to be more appealing because of the pandemic.…
If Bitcoin Passes $14K, Analysts Say Traders ‘Should Look to $20,000’ Instead of Looking Back
While bitcoin prices touched all-time 2020 highs on Tuesday, a few analysts say they are expecting only a few more hurdles to surpass the 2017 all-time high (ATH). For instance, the market analyst from Etoro, David Derhy, says to look to $20,000 instead of back at $12,000. A few traders and popular cryptocurrency analysts think that bitcoin (BTC) simply needs to cross the $14k region and its lift-off from there. Tuesday’s 2020 ATH of $13,684 is just shy of last year’s ATH at $13,796 per bitcoin which was accomplished on…
This is the last major hurdle before Bitcoin price can target $20,000
Bitcoin (BTC) price has been showing impressive strength in the previous weeks and today the price made a new 2020 high at $13,666. This momentum was made alongside weakness in the U.S. dollar and many analysts believe that as long as the dollar remains weak, Bitcoin and other safe-haven assets will do well. However, as Bitcoin shows strength, altcoins are failing to follow suit and most altcoins are selling off against BTC. Bitcoin’s dominance rate has been rising in the previous weeks and this shows that the market’s momentum is…
AMD Agrees to Acquire Xilinx in All-Stock Deal Worth $35 Billion
As the agreement closes in 2021 expectedly, AMD investors will possess 74% of the combined company, leaving Xilinx shareholders with 26%. Advanced Micro Devices Inc (NASDAQ: AMD), widely known as AMD, is purchasing Xilinx Inc (NASDAQ: XLNX) for $35 billion in stock. As it stands, the deal should close at the end of 2021. Being a notable firm in the industry, Xilinx will strengthen AMD against its rival, Intel, in the business of data center. AMD to Buy Xilinx for $35 Billion in Stock On the 27th of October, AMD…
Crypto Analyst Warns That A Bitcoin “Hell Candle” Is Coming
Bitcoin price is now over $13,550 and only a few hundred dollars away from setting a higher high and confirming a bull market. But also right around the corner, according to one top crypto analyst, is a “hell candle” in Bitcoin that will crush the cryptocurrency’s recent rally and potentially cause a reversal. Beware Of Bitcoin Hell Candle If Leg Up Continues Bitcoin and other cryptocurrencies are wildly volatile and experience extreme price swings in either direction and can behave unpredictably. Even when assets are trending hard in one direction,…
Pfizer’s COVID-19 Vaccine Phase 3 Trial Expected with 42,000 People
As of now, the second of the two-dose Pfizer’s COVID-19 vaccine has already been administered to 36,000 volunteers. The last phase is a very important stage as the company will get the vaccine ready for distribution depending on the results. Pfizer has made significant progress as it crosses 42,000 enrollment to participate in its last stage of the Pfizer’s COVID-19 vaccine trial. Pfizer initially planned on amassing up to 30,000 volunteers to put its third phase of the Pfizer’s COVID-19 vaccine to test, but later decided to increase the numbers to…