Day: November 18, 2020

Blockchain Bites: Bitcoin’s Latest Billionaire Bull, Zcash’s Upgrade, Grayscale’s $10B Breakthrough

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Bitcoin continues to rally, with one indicator suggesting the bulls have room to roam. Zcash, the privacy-minded blockchain network, had its first halving. And acting Comptroller of the Currency Brian Brooks may stay on for a five-year term. Top shelf Top or not?At least one obscure indicator suggests bitcoin’s bulls have room to roam. Already notching 80% gains in the past six weeks and fast approaching an all-time high of $20,000 set in 2017, the cryptocurrency’s Mayer Multiple – the ratio of price to the 200-day moving average – is…

First Mover: As Bitcoin Shoots Past $18K, There’s Comfort in the Crowded Trade

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Bitcoin’s ascent continues, with prices scaling the $18,000 mark during Asian trading hours. In a sign of persistent dip demand, sudden pullback to $17,200 seen following the breakout to fresh 34-month highs was quickly reversed.  “Bitcoin will now be setting its sights on the all-time high of $20,000,” Simon Peters, crypto asset analyst at multi-asset investment platform eToro, said in an email. “The last time bitcoin hit the $20,000 mark was in 2017 and retail investors piled in as they experienced crypto FOMO.” In traditional markets, European shares and U.S. stock…

Bitcoin’s 12-month trajectory to $100K

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Back in June, I wrote that Wall Street remaining on the sidelines is not necessarily bad for our industry. While most traditional investors are still observing, Bitcoin’s (BTC) mainstream momentum has been building over the last four months. Currently, the Bitcoin price is hovering around $18,000, steadily approaching its historical all-time high. Bitcoin is a store of value and a potential global reserve currency When we talk about asset valuation, the first step is always to understand the fundamental economics. Equities, bonds and real estate, for example, generally derive value…

Ethereum May Soon See “Open Skies” and Surge Towards $800, Claims Analyst

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Ethereum, much like Bitcoin and the rest of the crypto market, has seen significant buy-side pressure throughout the past couple of weeks that has allowed it to post some massive gains. Its uptrend reached a boiling point last night when buyers sent its price rocketing up to highs of nearly $500 before it faced a massive influx of selling pressure that caused it to see one of the most intense price declines seen in ages. This decline caused it to reel from $495 to lows of $440 on many trading…

Bitcoin Suisse expects to offer Ethereum staking before Christmas

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Crypto service provider Bitcoin Suisse expects to offer its Ethererum staking services before Christmas, underscoring the firm’s expectations of an imminent launch of Ethereum 2.0.  In a statement released Wednesday via Trustnodes, Bitcoin Suisse said: “The deposit contract for Ethereum 2 is now live. This means that the new version of the second biggest protocol by market cap will most likely become a reality before Christmas.” The firm intends to offer the staking service from the first day that Ethereum 2.0 is live: “This is one of the most significant…

CryptoGenies? Digital Avatars Are Coming to Dapper’s Flow Blockchain

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After finding a fit for digital collectibles outside the blockchain realm, Genies is bringing its customizable 3D avatars to a partnership with Dapper Labs. The collabo with the team behind CryptoKitties and now NBA Top Shot is seen by Genies as a way to introduce Gen Z-ers to the blockchain. “Dapper Labs was a braindead fit for us to be able to further educate our young users,” Genies founder Akash Nigam told CoinDesk in an interview. Genies has established itself as an avatar company bringing celebs closer to their fan…

Cardano Wallets DOUBLE; Stake Ethereum or NAH; Ripple Moving to Dubai; New Jersey Crypto Bill

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Holiday Gift Card Shopping with Crypto Payment Methods

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Online cryptocurrency platforms have made it easy for customers to purchase well-known retail gift cards. With the holiday season just around the corner and Covid making Christmas extra digital this year, gift cards will be in high demand. However, wanting to pay in a certain cryptocurrency can be difficult when online shopping, with retailers not providing crypto payment options. So here’s a rundown of how to pay for gift cards using cryptocurrency platforms as a medium. Where Is the Crypto Option in the Payment Section? Most leading retailers don’t include…

Paul Brody: What the History of Airlines Tells Us About Blockchain Commerce

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We may be nearly 30 years into the internet era but nearly every asset, product and service in the global economy remains an offline asset. From cars to farm tractors to apartments to storage spaces, the truth is the vast majority of the world’s productive economic assets are offline. We don’t know if they’re busy or not, if they need maintenance or if they’re available to be rented. We can’t even find our car keys. That’s going to end soon. In the coming years, a combination of blockchain, wireless networks…