Day: November 17, 2020

Bridge Mutual Unveils Insurance Policy in Stablecoin Industry

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Bridge Mutual noted that all stablecoin insurance claims will be reimbursed immediately. Bridge Mutual has introduced insurance services to the fast-growing stablecoin industry. Dubbed the ‘Bridge Mutual Insurance’, it will provide coverage up to the over $23 billion industry. Stablecoin users have a sigh of relief as attacks in the stablecoin industry get reported frequently. The company identified a gap in the market as the stablecoin industry grows exponentially due to increased demand. Apparently, there is very little the blockchain technology can do to help users recover stolen stablecoins thus…

Bitcoin up 375% since Peter Schiff accidentally called the exact bottom

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The Bitcoin (BTC) price bottomed at exactly the point that gold bug Peter Schiff said that it would crash further — and proponents are reminding him of his mistake. Retweeting a now infamous Twitter post that Schiff made in mid March, popular trader “CryptoBull” noted that he had accidentally called Bitcoin’s bottom, not top. Schiff tweet “marks exact bottom” for BTC Schiff was complaining that he had lost access to his Bitcoin wallet, but that soon it wouldn’t matter, because BTC/USD would keep crashing. “With Bitcoin crashing below $4,000 I…

Airbnb’s IPO Prospectus Says Firm May Consider Crypto and Blockchain

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Airbnb may have had a change of heart on cryptocurrencies, according to the prospectus for its planned initial public offering (IPO). Filed with the U.S. Securities and Exchange Commission Monday, the prospectus says that its “future success will … depend on our ability to adapt to emerging technologies such as tokenization, cryptocurrencies, [and] new authentication technologies.” It further lists distributed ledger and blockchain technologies, as well as biometrics, artificial intelligence, virtual and augmented reality and cloud technologies, as being possibly key at a future time. While the information is provided…

Bitcoin Cash Node emerges as victor of hard fork

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The Bitcoin Cash network just went through yet another fork after originally being created as a hard fork from the Bitcoin (BTC) blockchain in August 2017. The hard fork on Nov. 15 split the Bitcoin Cash network into two new blockchains, Bitcoin Cash ABC (BCHA) and Bitcoin Cash Node (BCHN). The main difference between the two is the 8% tax on gross rewards that miners must pay to BCH ABC’s development team. Among the two networks, Bitcoin Cash ABC received very little hash power, while Bitcoin Cash Node obtained the…

Bitcoin and Altcoin Weekly Review and Market Forecast: 2020.11.02 – 11.08

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Hi I am Masa Keith Nakatsu, Founder and Ex CEO of Orb ( World 1st linear scalable private blockchain based BaaS project founded 2014 and acquired by SBI Holdings in 2018 ) , EIR@OIST, and Lead Mentor for Google Global Accelerator Program. I am serial entrepreneur, investor, and philanthropist for Post Capitalism and Singularity. This video is about my weekly review and market forecast of Bitcoin and Altcoin. With fundamental analysis of each crypto assets including Bitcoin (please check out my other…

Bitcoin Touches $17K Price Zone, BTC Dominance Levels High, Altcoins Still Way Behind

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On November 17, the price of bitcoin touched another 2020 all-time high (ATH) when the crypto asset surpassed the $17k price zone on Tuesday. Bitcoin dominance has risen higher during the last few months and currently hovers at 65% this week. Despite the massive rise in bitcoin value during the last few months, altcoins are not performing as well as they did when bitcoin was at this price range three years ago. Back in 2017, bitcoin (BTC) touched an all-time high (ATH) on December 17, when it reached $19,600 per…

First Mover: Bitcoin Tops $17K as Scaramucci Makes Entrée, Ethereum Meets Rival

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Bitcoin climbed above topped $17,000 early Tuesday for the first time since January 2018, pushing this year’s remarkable rally to 137% on a year-to-date basis. That’s 10 times more than the Standard & Poor’s 500 Index of large U.S. stocks.  “Bears are in disbelief,” the digital-asset market analysis firm Arcane Research wrote early Tuesday in a report, noting that the cryptocurrency is on track to post its sixth straight weekly gain. “It seems like there is nothing stopping bitcoin at the moment.”  In traditional markets, European shares slid and U.S. stock futures pointed to a…

Bitcoin Hits $17K After Three Years; “Greatest Parabolic Advance” Ahead?

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Bitcoin has breached $17,000 for the first time in the last three years. The flagship cryptocurrency hit $17,100 ahead of the New York opening bell Tuesday, forming another upward leg in a rally that has already ballooned by 58 percent in the fourth quarter. Meanwhile, its market cap closed towards $315 billion, just $20 billion away from its all-time high established in December 2017. Bitcoin reaches $17,000 in a relentless upside rally. Source: BTCUSD on TradingView.com Bitcoin reaches $17,000 in a relentless upside rally. Source: BTCUSD on TradingView.com Since March…

Hedera Hashgraph to be used for crowdsourced airstrike warning app in Syria

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Sentry is an an app developed by Hala Systems that has been providing civilians with a crowdsourced and sensor-driven early warning system against airstrikes during the protracted civil war in Syria. Live since 2016, the system has evolved to become more accurate and complex, using a sensor network, artificial intelligence, and blockchain technology to provide a strong technological underpinning for analyzing data on the ground and distributing critical alerts. Sentry now issues an average of 140 early warnings each day, giving citizens between 7–10 minutes’ advance notice of potential dangers.…

3 reasons Bitcoin price hit $17K, marking a new parabolic uptrend

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The price of Bitcoin (BTC) surpassed $17,000 for the first time since December 2017, continuing its current uptrend. The rally comes after BTC broke out of the previous parabola, which initially caused concerns. Three factors likely contributed to the ongoing rally: a new parabolic trend, resilience above $16,000, and Bitcoin absorbing whales’ selling pressure. New parabolic trend On Nov. 16, Cointelegraph reported that analysts found the Bitcoin price dipped below a parabola dating back to September. Though the trend seemed concerning, new parabolic trends could reemerge in a bull cycle.…