Day: November 9, 2020

Lightning Network Stakeholders Brace for Bullish Run as Bitcoin Adoption Increases

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Over the last few days, Bitcoin has been on a meteoric rise hitting new all-time highs for 2020. This latest stride has opened up new doors for those using Bitcoin’s Lightning Network. Lightning users are bracing themselves for the bull run that always follows when new users arrive.  Lightning Network Offers Potentials for Bitcoin Future With Bitcoin’s Lightning Network, anyone can make transactions at a faster and cheaper rate, eliminating the fees astronomically in the current Bitcoin network. One reason why the platform does not get as much attention as it…

Silicon Valley and ‘smart money’ are behind this Bitcoin rally, data suggests

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Bitcoin (BTC) is continuing to show strong momentum even after a major rally. Key data points show that the uptrend has likely been fueled by smart money in recent months. This means retail or mainstream investors have been largely on the sidelines as BTC price surpassed $15,000 this month. In 2017, when the price of Bitcoin hit an all-time high at $20,000, the retail demand was at its peak. Google Trends data soared, mainstream media coverage noticeably increased, and spot exchange volumes exploded across major markets, especially in South Korea…

AstraZeneca Coronavirus Vaccine Candidate Can Be Ready by End of Year

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AstraZeneca Q3 revenue was in line with the expected forecast at $6.6 billion. Anglo-Swedish drugmaker AstraZeneca Plc (NASDAQ: AZN) expects its coronavirus vaccine candidate AZD1222 to be ready for mass use by the end of this year. This is according to AstraZeneca CEO Pascal Soriot who indicated that the company can begin human vaccination by the end of December if the respective regulatory authorities work fast enough with the data provided. Notably, this coincided with the company’s third-quarter results that indicated a mixed report. However, AstraZeneca shares have been on…

Bitcoin Boom Pulls in Flood of New Investors Despite Macro Uncertainty

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Against a backdrop of macro uncertainty, the past month has seen a stellar run of form for Bitcoin. But the number one cryptocurrency by market cap topped out last Friday at $16k, having gained 45% since the start of last month. Source: BTCUSDT on TradingView.com What’s more, with the Bitcoin price tantalizingly close to its $20k all-time high, market momentum is in favor of BTC. The odds are this will soon be met, if not exceeded. This possibility has not escaped the vast majority of investors, who continue to pour…

Netflix Focuses on Content Localization to Drive Growth in APAC

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With the Netflix-Reliance partnership to offer 399 rupees for both movie streaming and data, Netflix may be on its way to land over 4.6 million subscribers in India before the end of 2020. American technology and online movie streaming provider Netflix Inc (NASDAQ: NFLX) is set to push for increased market share and growth in the Asia Pacific (APAC) region by focusing on boosting local content and product specializations. According to a CNBC interview featuring Tony Zameczkowski, Netflix’s Vice President for Business Development in the APAC region, Netflix is betting…

Samsung May Launch S21 a Month Earlier Following Huawei Struggles

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The company has already launched its Samsung Galaxy S20 in March 2020 and hopes the newly elected US president will make things easier to favor them by easing restrictions.  Samsung Electronics Co Ltd (KRX: 005930) is more likely to pull the curtain for its new flagship smartphone rumored to be called Samsung Galaxy S21 a month earlier than the expected date. The South Korean electronics giant had plans to unveil the smartphone on 14 January 2021 since it is already in mass production. However, its intention to push away competitions…

DEX volumes pumped over 1,000% in Q3 before October saw the DeFi craze cool

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The trading volume on decentralized exchanges, or DEXs, reached $42.6 billion during Q3 2020, marking an increase of 1,132% on the previous quarter, according to a recent industry report from TokenInsight. However, October saw figures pull back a little from September highs, as Bitcoin (BTC) prices started to pump, re-capturing traders’ attention following the previous few months’ decentralized finance, or DeFi, boom. Volumes in July alone reached $5 billion, which was up one third on the entire Q2 figure. Monthly volumes continued to rise throughout Q3, posting an average monthly increase of…

Unique “T(r)opical” NFT Art Auction + 20K $VESA giveaway

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A special collaboration between a group of artists on a 2017 digital original re-worked to an ass-kicking motion shape! Tuesday 10th, at 9 PM CET the motion version of my 2017 art piece “T(r)opical” will hit the Bitcoin Live show with Jan & Nicholaas Dalmulder. The digital still original has been reworked, with the help of animator Johnny Gonzo and musician Mighty 33 into a new reality, now possible to own as a unique collectible minted on the Known Origin platform. The minimum bid will be 10 ETH, and should…

New Jersey follows in its neighbor state’s footsteps with crypto license bill

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The New Jersey Senate is set to consider a new bill that proposes the creation of a new, mandatory licensing framework for all cryptocurrency firms operating in the state. Introduced on Nov. 5, the new Senate bill, or “Digital Asset and Blockchain Technology Act,” has been sponsored by the Democratic Party senator for New Jersey’s 35th Legislative District, Nellie Pou.  S3132 is now pending a referral to the Senate Commerce Committee. The Senate bill follows the introduction of the same legislation (to New Jersey’s General Assembly earlier this year, and the…