Day: November 18, 2020

Ethereum 2.0’s long and winding road to scalability launch

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On Nov. 4, Ethereum (ETH) core developers hit a significant milestone. In a “quick update” on the Ethereum Foundation blog, developer Danny Ryan confirmed the release of the v1.0 specs for the hotly anticipated Ethereum 2.0 upgrade, which includes the mainnet deposit contract address. Anyone who wants to participate as a validator on the Ethereum 2.0 mainnet can now start depositing their minimum stake of 32 ETH. The initial results looked promising, with 14,000 ETH (worth around $5 million) staked in the first eight hours alone. However, the developers have…

Analyst Predicts Crypto Altseason Coming Early Next Year

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Strong moves from Bitcoin this week have rekted altcoins in the process. In the last 24-hours, the leading crypto posted +8% gains to $18.2k. With its current run of form, many analysts expect Bitcoin to break its previous all-time high soon. Analyst ConnorNix predicts we’ll see a retest of $17.1k, followed by an upswing to $20k by tomorrow. “With the smell of parabolic-ness in the air, one can’t help but draw bullish charts. Retest orange line, 17100ish, this was a big resistance on my charts. Tomorrow 8am gmt roughly. Then…

Crypto Lending Has a Much Higher Demand Than We First Expected

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Crypto-backed lending is on the rise, and it is adopted even faster than one would first think, especially among institutionals. Providing new use-cases for digital assets, cryptocurrency lending is more popular than ever. Crypto lending is one of the major forces driving the fast-growing DeFi industry, but institutional service providers are also gaining a foothold on the market. What Does Crypto Have to Do With Lending? To start with, let’s see what a crypto-backed loan is. A digital asset-backed loan works very similarly to a mortgage where property is used…

Fireblocks adds Coinbase co-founder to board of directors

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Digital asset security platform Fireblocks announced that it would be adding Fred Ehrsam to its board following a recent funding round. In a Nov. 18 statement, Fireblocks said that Ehrsam, co-founder of crypto exchange Coinbase, would be joining the firm as a board member after a $30 million funding round to expand its global operations. Ehrsam left Coinbase in 2017 and went on to co-found crypto investment firm Paradigm. “Fireblocks has become the go-to for any business looking to build new digital asset operations or scale existing ones,” said Ehrsam.…

CureVac Prepares Facility to 300 Million COVID-19 Vaccine Doses in 2021

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As CureVac prepares to push its COVID-19 vaccine candidate in the final stage of trials, it is also working on a pan-EU network to manufacture millions of the vaccine doses. Pharmaceutical and biotech companies are really gearing up with research and manufacturing facilities to bring the COVID-19 vaccine to market. Germany-based biotech company CureVac (NASDAQ: CVAC) is working on a new European network to boost the manufacturing of its experimental Coronavirus vaccine. Industry reports also show that CureVac is working to produce 300 million COVID-19 vaccine doses by 2021. Furthermore,…

Da Bitcoin Song – Bitcoin Stock Mining Music Video

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Da Bitcoin Song – Bitcoin Stock Mining Music Video Welcome to the first official Bitcoin song! Enjoy as Gillideon takes out a stock on his vocal cords by performing the Da Bitcoin Song for all of you. Part 2 to be released soon so stay tuned and don’t forget to Subscribe! youtube.com/HarishGibsonAxap ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Hungary and Poland Veto EU Coronavirus Stimulus Deal

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European nations Hungary and Poland are reportedly bringing a setback to the European Commission as both countries have decided to veto the coronavirus stimulus deal agreed on by the commission. According to a CNBC report, the 27 member nations in the European Union earlier agreed on a $2 trillion relief package following the coronavirus pandemic that has stirred a huge economic downturn for most EU member states. Part of the funding package involves a 750 billion euros fund earmarked as both grants and loans to member states who needed the…

3 On-Chain Metrics Show Why Bitcoin Price Could Hit $20K

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Bitcoin inched towards $18,500 on Tuesday night. A sell-off occurred, and the cryptocurrency lost its support base of $18,000 in the early Wednesday hours. But ahead of the US session, it managed to secure the $18,000-support all over again. The seesaw intraday price move in the Bitcoin market shows that bulls are in full control. Any attempt to mass short the cryptocurrency’s local tops are getting outnumbered by an increasing buying hysteria. As a result, the BTC/USD exchange rate is sustaining its short-term bullish bias as it attempts to retest…

Vietnam’s Education Ministry Adopts Blockchain Records

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Vietnam’s Ministry of Education and Training (MOET) has entered into an exclusive agreement with Singapore-based smart contract platform TomoChain to archive student records on a blockchain, TomoChain announced Wednesday.  According to the announcement, the National Qualifications Archive program will upload all certifications achieved by Vietnam’s high school and higher education students to the TomoChain public blockchain to create a transparent and immutable record. Qualifications are currently managed by educational and training institutions, resulting in delayed verification processes by recruitment agencies and human resources, the statement said. Record-keeping and identity verification…