Day: November 10, 2020

Why Bitcoin Stagnance From Vaccine Hopes is Suddenly Causing an Altcoin Boom

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Bitcoin has settled into a consolidation range following its significant climb since the start of October. However, increasing sell pressure has many analysts calling for a sharp correction in the near term if $15k fails to hold. Currently, the price of Bitcoin is down 1% in the last 24-hours to $15.3k. Source: BTCUSDT on TradingView.com On the other hand, U.S. stocks are booming. Record pre-market trading saw the Dow Jones open 5% up, while the S&P 500 benefited with a 3% gain. Analysts have attributed this to the optimism brought…

Positive COVID-19 Updates Push ‘Stay-At-Home’ Stocks in Correction

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All tech companies like Zoom Video, Amazon, Netflix, and Shopify entered major correction on Monday as Pfizer and BioNTech announced that its COVID-19 vaccine candidate has delivered a 90% efficacy rate. On Monday, November 9, the positive news of Pfizer‘s COVID-19 vaccine candidate rocked the US stock markets and especially stay-at-home stocks. The Dow Jones Industrial Average (INDEXDJX: .DJI) jumped over 1000 points in the early trading session. The stock movement, however, was quite hysterical. Tech stocks, especially the ones categorized as ‘stay-at-home’ stocks tanked majorly. Zoom Video Communications Inc…

Zebpay is launching a nonfungible token marketplace in India

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Cryptocurrency exchange Zebpay, which claims to have a user base of over 3 million users in India, is now exploring broader crypto market opportunities, such as digital collectibles. With its launch of a new marketplace called Dazzle, Zebpay has chosen to expand into the non-fungible token space. NFTs are unique but tradeable blockchain assets, which can be used to represent all manner of virtual and real-world goods. NFTs are unlike cryptocurrencies in that they can carry unique metadata and vary in their degree of rarity. They are increasingly becoming popular for tokenizing markets…

First Mover: Bitcoin Needs No Vaccine as Druckenmiller Lays Down ‘Better Bet’

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Bitcoin was higher, though barely, appearing to settle into a new range over the past several days between roughly $14,800 and $15,600.  “Should bitcoin prices consolidate this week,” wrote Matt Blom, head of sales and trading for the digital-asset firm Diginex, “it would set us up for the next leg up towards $17,000.” In traditional markets, European and Asian shares inched up while U.S. stock futures pointed to a lower open. Gold rose 0.7% to $1,876 an ounce.  Market moves Bitcoin’s price slide Monday amid a vaccine-powered surge in U.S. stocks sent cryptocurrency analysts…

Crypto crimes declined in 2020, but DeFi hacks are on the rise

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Cryptocurrency-related crimes have slowed down in 2020, but some sectors within the crypto industry have become a new hotbed for criminal activity, a new report says. Citing major crypto analytics firm CipherTrace, Reuters reported on Nov. 10 that total losses from crypto thefts, hacks and fraud dropped from $4.4 billion in 2019 to $1.8 billion over the first 10 months of 2020. CipherTrace CEO Dave Jevans said that the general decline of criminal activity in the crypto industry is a result of increased security measures: “What we have seen is that…

Calls for Ethereum Rally Grow as 50K ETH Go Out of Supply

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The staking process on Ethereum 2.0 is live for almost a week now. And it has left the cryptocurrency in a moderately bullish state. ETH/USD is up more than 12 percent on a month-to-date timeframe, trading at circa $447 as of 1252 GMT. The pair’s move uphill appears in the wake of a strong Bitcoin correlation, and also, as more and more Ethereum supply goes out of circulation. The last six have witnessed deposits of more than 50,000 ETH tokens in the official contract of Ethereum 2.0, the name for…

Customer Support – Community Specialist (f/m/d) at Bitpanda (Vienna, Austria) – Blockchain News, Opinion, TV and Jobs

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We are expanding rapidly and hence, we are seeking new, experienced and hands-on team members who think outside of the box (and are not afraid to share…We are expanding rapidly and hence, we are seeking new, experienced and hands-on team members who think outside of the box (and are not afraid to share…Read More Please follow and like us: Previous articleLightning Infrastructure Engineer at Lightning Labs (San Francisco, CA, USA) Source link

Overstock expanding blockchain arm tZero in Ireland

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United States’ retail giant Overstock is reportedly expanding its blockchain wing tZero with new hires in Ireland. The Utah-based e-commerce company is seeking to hire software and devops engineers to work on its blockchain and security token subsidiary tZero, local tech news agency Silicon Republic reported on Nov. 10. As reported, the new hires for tZero are part of a new team at Overstock’s headquarters in Sligo in western Ireland. The online retail company already employs 90 people working in AI, research and development, and machine learning. Senior development manager at…

3 Reasons Bitcoin Has Rallied Over 60% in Just Two Months

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Bitcoin (BTC) has chalked up a stellar price rally in the past two months, reaching 33-month highs close to $16,000. The uptrend began in early September after buyers bought a dip below $10,000, and gathered pace in the second half of October. Last week, prices reached a high of $15,971, a level last seen in January 2018. That’s a 63% price gain in eight weeks, according to CoinDesk’s Bitcoin Price Index. Over 2018 and 2019, bitcoin often languished below $10,000, struggling to recover from a crash that followed the late…