Month: October 2020

Bitcoin just 4 days away from historically bullish $10K price record

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Bitcoin (BTC) has spent nearly 100 days above $10,000 — and if history repeats itself, further price gains could be astronomical. As noted by various social media users this week, as of Oct. 30, Bitcoin was just five days away from trading above $10,000 for 100 days. BTC price closes in on 100 days at $10,000 According to data from analytics firm CoinMetrics compiled by Twitter user Julio Moreno, after trading above certain price points specifically for 100 days, Bitcoin subsequently gained by an order of magnitude. For example, after…

Blockchain could become a part of the US military’s strategic weaponry

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One often hears blockchain in the same breath as security and supply chains. This week, a winning entry to a competition organized by the United States Department of Defense cast both these aspects in a new light. To keep pace with the ever-more technologized battlelines of contemporary warfare, the DoD continues to explore ways to innovate the manufacturing process and supply chain for weaponry and infrastructure in use by the U.S. Air Force and U.S. Navy.  The Advanced Manufacturing Olympics, held virtually this year on Oct. 20–23, sought to recruit traditional…

ICO fines Marriott International Inc £18.4million for failing to keep customers’ personal data secure

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The ICO has fined Marriott International Inc £18.4million for failing to keep millions of customers’ personal data secure. Marriott estimates that 339 million guest records worldwide were affected following a cyber-attack in 2014 on Starwood Hotels and Resorts Worldwide Inc. The attack, from an unknown source, remained undetected until September 2018, by which time the company had been acquired by Marriott.  The personal data involved differed between individuals but may have included names, email addresses, phone numbers, unencrypted passport numbers, arrival/departure information, guests’ VIP status and loyalty programme membership number.…

MoAfrika – Africa’s Biggest Online Tour Operator now Accepts Bitcoin

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PRESS RELEASE. With relaxed restrictions on lockdown measures in numerous countries around the world, Africa has opened her doors to tourists on both national and international levels yet again – albeit with strict health regulations to ensure the safety of all personnel and visitors. Africa’s largest online tour operators, MoAfrika, offers tourists from around the world the opportunity to travel the length and width of the gorgeous African continent by making use of its unique tour offering, now with an added advantage. MoAfrika now supports payment in Bitcoin so tourists,…

Bitcoin suddenly slides 4% as BofA predicts a 20% stock market crash

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The price of Bitcoin (BTC) abruptly dropped 4% from the day’s peak on Oct. 30 as the uncertainty in the stock market intensified. With five days left to the U.S. presidential election, Bank of America, or BofA, suggested a 20% drop is possible. The Dow Jones Industrial Average declined 7.55% since Oct. 12. Tech-heavy stock indices performed slightly better in the same three weeks as the Nasdaq dropped 5.8%. While the correlation between Bitcoin and stocks has declined in recent weeks, the slump of risk-on assets could negatively affect cryptocurrencies.…

Bitcoin Up 2%, Ethereum Holds On To Above $389

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Konstantin Anissimov, Executive Director at CEX.IO, shares his insights about the Bitcoin (BTC) and Ethereum (ETH) price movements on October 29th. BTC/USD On Thursday, 29th October, BTC/USD was rising steadily, with the price rate bouncing off the recently formed intraday support area between $12,930 and $13,150. Opening at $13,274.5, the price went mildly down after six hours of low-volatility sideways fluctuation, reaching $12,995 at the day’s low. But the buying volume increased there and sent BTC/USD to a high of $13,618 as of 17:00 UTC. This rising move is well…

Chainlink (LINK) Prints Bearish Pattern and It Could Revisit $10.20

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Chainlink (LINK) started a sharp decline after forming a head and shoulders pattern (as discussed in the previous analysis). The bears are gaining strength and aiming a test of $10.20. Chainlink token price started a fresh decline after it failed to clear the $12.50 resistance against the US dollar. The price is now trading below $11.20 and the 100 simple moving average (4-hours). There is a key declining channel forming with resistance near $11.80 on the 4-hours chart of the LINK/USD pair (data source from Kraken). A head and shoulders…

Report: Bitcoin Set for its Biggest Breakout Yet

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A recent Coinmetrics report says on-chain fundamentals are hinting at bitcoin experiencing its biggest breakout yet. The report notes that bitcoin is already showing signs of this following its rise by about $1,000 in one day on October 21. The digital asset has subsequently set a new all-time high for the year. A New Precedent While acknowledging the difficulty in predicting bitcoin’s future value due to its notorious volatility, authors of the report insist there is a difference between previous bull runs with the current one. According to their report,…

Nearly 24% of Ether held on exchanges — three times the percentage of Bitcoin

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Almost one-quarter of Ethereum’s (ETH) circulating supply is held on cryptocurrency exchanges, according to analytics platform ViewBase. The website shows that 26,768,260 ETH are on exchanges, equating to 23.6% with a value of $10.3 billion. Almost 26 million of these tokens are held by 10 centralized exchanges, with Coinbase alone sitting on 8,521,807 ETH — 7.5% of the supply. Ether is miles ahead of Bitcoin (BTC) in terms of the percentage of tokens held on exchanges. Bitcoin has 8.1% of its circulating supply held on exchanges. Earlier this month, Cryptocurrency statistician…

It’s Decision Time for Ethereum As It Approaches a Crucial Breakout Pattern

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Ethereum is stuck in a crucial range above the $382 support against the US Dollar. ETH price could either jump above $392 or it might nosedive below $380. Ethereum is struggling to stay above the key $382 and $380 support levels. The price is currently trading in a range above the $382 support and below the $392 resistance. There is a crucial bearish trend line forming with resistance near $390 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it clears…