Day: November 2, 2020

Bitcoin Price Sinks $6% From Weekend Highs As Election Day Approaches

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Bitcoin price set a new higher high this weekend at over $14,000 and closed the highest monthly candle since December 2017, leaving just one higher monthly close to beat. However, before that could happen, the leading cryptocurrency by market cap has been dragged down by pre-election uncertainty, and it could make for a rocky ride in the days ahead. US Election Week Proves Too Uncertain For Crypto Bulls, Bitcoin Dives 6% Bitcoin has shocked the world and more specifically, Wall Street, with its enormous year-to-date returns in the face of…

Blockchain can be a cryptographic tool for nuclear disarmament: study

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Researchers at the Centre for Science and Security Studies at King’s College London have turned to analyzing “non-political” solutions for the problem of nuclear disarmament. The researchers’ new report notes that the multilateral nuclear order consolidated around the United Nations’ Non-Proliferation-Treaty, or NPT, has been consistently beset by problems of international cooperation, reinforced by the asymmetry between the nuclear and non-nuclear weapon states. The latter, referred to as NNWS, are signatories to the treaty, but insofar as they are non-nuclear, their contribution to fulfilling their treaty obligations boils down to…

Oil Price Dips amid COVID-19 Lockdowns and U.S. Presidential Elections

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As the oil price continues to dip following the effect of the coronavirus and the U.S. elections this week, many experts expect OPEC and its allied bodies to make policy moves to help prevent the complete market collapse. Oil price fell on Monday as influenced by the continuous rise in the COVID-19 cases which has necessitated the need to impose new lockdowns particularly in Europe as well as the uncertainties surrounding the United States Presidential election. According to the Financial Times, the lockdowns which have now been declared by Boris…

European Central Bank Seeks Public Opinion on Digital Euro

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The initiative by the ECB to seek public participation means that the digital euro if developed, will not be used only by banks. As more institutions dive into the crypto space offering different types of tokens, central banks and governments are striving to ensure that they are not left behind. The President of the European Central Bank (ECB) Christine Lagarde on November 1 announced an ECB survey. This survey by the European Central Bank seeks public opinion on the issuance of a digital euro. The move indicates that the central…

Overbought Bitcoin Drops from $14K High as Election Looms; What’s Next?

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Bitcoin prices slid Monday ahead of an election that will shape its bias for the rest of the year. The benchmark cryptocurrency plunged 2.7 percent following its best month in more than a year. Futures tied to the BTC/USD pair also inched lower by 1.27 percent, pointing to a declining institutional interest in the cryptocurrency after it ventured into overbought territory last week. The Bitcoin CME Futures’ daily Relative Strength Index was 76.5 on October 27. Technically, that amounted to a counteracting bearish correction below 70 – a borderline level…

Blockchain-related hacks have declined in 2020

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The amount of cryptocurrency and blockchain-related hacks has been decreasing over the course of 2020, a new report claims. According to data analyzed by VPN provider Atlas VPN, the number of hacks in the first half of 2020 dropped more than three times compared to the same period in 2019. The data is part of a report released by Atlas VPN on Oct. 28. According to Atlas VPN, 2019 was a record-breaking year for blockchain hackers that exploited 94 successful attacks in the first half of the year, while in…

Blockchain Could Make Dismantling Nuclear Warheads More Secure: UK Report

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Nations working to take nuclear weapons out of commission should turn to blockchain to build trust and make the process more secure, according to a new policy report. As reported by King’s College London on Monday, the university’s Centre for Science and Security Studies (CSSS) suggests that using blockchain would help parties to the Nuclear Non-Proliferation Treaty build trust and make dismantling nuclear weapons more “safe, secure and reliable.” Titled “The Trust Machine: Blockchain in Nuclear Disarmament and Arms Control Verification,” the research report is aimed to provide policymakers a…

Hard Protocol Introduced on Binance Launchpool as Its 7th Project

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Hard/BTC, Hard/BUSD, Hard/BNB, Hard/USDT trading pair will soon be opened after the token will be listed into the innovation zone on November 6, 2020, at 6 AM (UTC).  Binance has announced the introduction of Hard Protocol as the 7th project on the Binance Launchpool. The Launchpool platform was created by Binance to make it easier for users to farm new digital assets as well as get rewards in the form of tokens for staking BNB and other known assets. After introducing its first project called Bella protocol on the Lauchpool…

Ethereum Active Supply Hits 17-Month Low; How Does It Impact Price?

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The active supply of Ethereum (ETH), measured on a 6-12 month timeframe, has dipped to its 17-month low. Data fetched by Glassnode shows that there are now over 15.1 million ETH available for accumulation even as the demand for the cryptocurrency grows ahead of its much-awaited protocol migration to proof-of-stake. At its periodic high, the active supply was almost near 40 million. Ethereum Total Supply Last Active 6m-12m: Source: Glassnode Studios In retrospect, the metric above underlines the amount of circulating supply last moved between 6 months and 12 months.…