Day: November 10, 2020

Bitcoin Experts Claim Post-Halving Performance Is More Bullish Than Pre-2017

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Bitcoin price is gaining in momentum, tracking along well with the many scarcity-based valuations models that exist. These theories all believe that the cryptocurrency’s block reward halving kicks off a markup phase of epic proportions. Currently, there are only two previous samples to go by, each where the asset explodes in ROI post-halving. At present, Bitcoin price action is outperforming even the early bull market foundation that resulted in the 2017 crypto bubble. Could this mean that the cryptocurrency is even more bullish during this cycle? Experts believe this is…

WhiteBIT Exchange Offers Margin Trading and Up to 30% APR on Smart Staking

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Are you looking for a platform with advanced crypto trading capabilities, top-notch security and high liquidity? WhiteBIT exchange offers a margin trading terminal, smart staking and many other features and advantages. As part of its user-centric approach, WhiteBIT also supports withdrawing up to 2 bitcoin per day without KYC. Leverage Your Crypto on the WhiteBIT Exchange WhiteBIT is an Estonian-registered virtual currency exchange which was launched back in 2018. While the platform mainly focuses on European and CIS countries, it has a global user base of more than 300,000 traders…

5 New Assets Hit the CoinDesk 20

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Goodbye, DAI and bitcoin sv. Hello, kyber and cosmos. A swelling in volume in the crypto markets over the third quarter has changed the list of noteworthy digital assets beyond bitcoin and ether that matter most to traders and investors. That change is reflected in the CryptoX 20.  In the latest revision, based on data from the second and third quarters of this year, five assets were replaced by crypto assets that saw volume surges outpacing even the double-digit gains posted in market volume as a whole.  The CryptoX 20…

Data show traders neither bullish nor bearish over sub-$15.5K Bitcoin price

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Typically, traders become skeptical after Bitcoin (BTC) “completes” a strong performance like the stellar move from $12,000 to $15,950 seen over the past few weeks.  The 35% gain over the past 30 days led some traders to conclude that BTC is over-extended and in need of a pullback. On the other hand, there are plenty of traders who are confident that the current bull run can continue. Generally, the market is displaying mixed signals as Bitcoin price fluctuates between $15,000 to $16,000, so many traders are left to rely on…

MicroStrategy CEO Explains Why Bitcoin Is ‘a Million Times Better’ Than ‘Antiquated’ Gold

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MicroStrategy’s headline-grabbing bitcoin bet was a rational response to a macroeconomy in chaos, said Chief Executive Michael Saylor. Appearing Tuesday at CoinDesk’s Bitcoin for Advisors virtual conference, Saylor shed new light on one of this year’s biggest cryptocurrency stories: his software company’s recent purchases of $425 million in bitcoin.  That surprise September move by Nasdaq-listed MicroStrategy marked one of the first – and largest – embraces of bitcoin by a mainstream corporation. In a prerecorded fireside chat with CoinDesk Chief Content Officer Michael Casey, Saylor unpacked MicroStrategy’s bitcoin thought process,…

Tier Mobility Raised $250 Million in Series C Funding Led by SoftBank

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With Tier continuously offering new products and options, this funding is geared to help support the firm as it hopes to emerge profitable despite the potential risks of the COVID-19 pandemic. German-based micro-mobility service provider Tier has raised a new $250 million in Series C funding led by Japanese multinational conglomerate holding company, SoftBank Group Corp (TYO: 9984). According to the press release from the company, the investment from SoftBank was made through Vision Fund 2 as well as its existing investors including Mubadala Capital, Northzone, Goodwater Capital, White Star…

Bayern Munich Collaborates with Ethereum-based Sorare

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While announcing the latest collaboration with Sorare, Bayern FC stated that the platform already hosts clubs from the top 20 leagues of the world. Bayern Munich is the latest top-flight soccer club to join Sorare, the blockchain-based fantasy soccer company. The Bundesliga club has joined the row of other top clubs on the platform which simulates soccer games for its customers. It’s official: 2020 Champions League Winners @FCBayern joins @SorareHQ ❤️🤍 Welcome @lewy_official, Joshua Kimmich, @Manuel_Neuer, @esmuellertand @AlphonsoDavies to the Global Fantasy Football Game 🔥 FC Bayern Munich digital cards,…

Former Microsoft Engineer to Serve 9 Years in Prison in a Case That Involves Use of Bitcoin Mixers

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A U.S. court in Seattle has sentenced a former Microsoft engineer to 9 years in prison after finding him guilty of 18 federal felonies relating to his elaborate scheme to defraud the tech giant $10 million. In passing the judgment, the court blasts Volodymyr Kvashuk, a software engineer and citizen of Ukraine, for attempting to mask digital evidence through the use of bitcoin mixers and the illegal use of accounts and passwords of fellow employees to aid this scheme. Sophisticated case According to court records, Kvashuk, a citizen of Ukraine,…

Ripple CEO Criticizes Bitcoin Intensive Energy Prior to Biden’s Administration

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Brad Garlinghouse, Ripple CEO, recently asserted that his company is ready to align with the new administration policies once Joe Biden assumes the Presidency office. Since the Biden administration taking office in January would be more environmentally-conscious, Ripple CEO advises corporations not to make the costly mistake of converting cash to Bitcoin (BTC). In a […] Brad Garlinghouse, Ripple CEO, recently asserted that his company is ready to align with the new administration policies once Joe Biden assumes the Presidency office. Since the Biden administration taking office in January would…

Ethereum 2.0 deposits at 10% of launch threshold as deadline approaches

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The deposit contract for Ethereum 2.0 now holds 50,849 Ether (ETH), worth approximately $22 million as of publication time. This is slightly less than 10% of the minimum required stake of 524,288 ETH, or $230 million. Ethereum 2.0 is set to launch on Dec. 1 — but only if the minimum stake threshold is reached seven days before that date. Historic balance for the deposit contract by Etherscan. The influx of new deposits appears to have tapered off recently as the majority of prospective stakers joined within the first three…