Despite being blocks behind Bitcoin Cash Node (BCHN) after the hard fork from Bitcoin Cash, lead developer Amaury Séchet’s Bitcoin Cash ABC (BCHA) has managed to survive. The hard fork from Bitcoin Cash has indicated that Bitcoin Cash Node, led by Bitcoin.com CEO Roger Ver, was the clear winner following the split, with miners supporting BCHN and the protocol being way ahead of its rival in terms of blocks mined. However, despite all odds, Bitcoin Cash ABC has shown that it still has fight left in it. Over the last…
Day: November 18, 2020
Maersk Stock Rises 5.75% as Company Reports Profits in Q3
Maersk showed good performance in Q3 and recorded a lesser-than-expected revenue fall of 1.4%. Danish integrated shipping company Maersk AS (OTCMKTS: AMKBY) has reported profits in Q3 as the company rebounds faster than expected. The company released its 2020 Q3 earnings report on the 18th of November. After the news, the company’s stock price has started to move upwards. At the time of writing, Maersk stock is 5.75% up, trading at $9.52. And that’s the highest level since 2017. According to the earnings report, the world’s largest container shipping firm Maersk pulled…
Samsung Leverages Blockchain to Provide Secure File Transfer
Samsung has been actively involved in blockchain technology to have better vantage points in the highly competitive smartphone global market. Samsung Electronics Co Ltd (KRX: 005930) has been developing a new mobile application that leverages the blockchain technology dubbed Private Share. According to a Samsung oriented tech website, Sammobile.com, the new blockchain-based file sharing app will be introduced as one of the features in the upcoming Galaxy S21. Afterward, the company will roll out the private share app to previous flagship devices. Secure file transfer is a top priority for…
Blockchain Startup OXIO Raises $12M to Advance Its Telecom-as-a-Service Model
Besides registering its mark as a tokenized data services provider, OXIO blockchain also seeks to help take the adoption of the service mainstream. New York-based blockchain startup OXIO has announced that it has secured a $12 million Series A funding round led by Atlantico Capital, Monashees as well as Multicoin Capital and Fintech Collective. According to a Coindesk report, this brings the total amount of funds raised by OXIO to about $20 million from the end of 2019 to date. OXIO is a tech startup renowned for building one of…
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Robinhood Seeks Advisers Ahead of Potential IPO in 2021
Anonymous sources have confirmed that Robinhood is planning to go public during the first quarter of the coming year. But it is not a final decision. Trading platform Robinhood Market Inc is currently searching for banks to act as advisers and assist in an Initial Public Offering (IPO), possibly in 2021. A Bloomberg report revealed the company’s IPO plan, citing reliable sources. According to a Bloomberg report, the company is already seeking banks that could act as advisers ahead of its potential public offering. However, Robinhood has not made an official…
Bitfinex, a Pioneering Tier-1 Exchange, Lists XinFin Network’s Native XDC Token
PRESS RELEASE. After Indodax, Alpahex.net and Bitrue, XinFin Digital Contract ($XDC) tokens—the fuel of XinFin’s enterprise-ready, hybrid blockchain ecosystem—will be available on Bitfinex—a pioneering Tier-1 exchange—from 11 a.m. (UST) on November 16, 2020. On November 16th, XinFin’s native utility token—XinFin Digital Contract or XDC—will join other leading cryptos listed on Bitfinex, a state-of-the-art digital token trading platform, based in the British Virgin Islands. In the initial phase, the exchange will list two trading pairs—XDC-USD (fiat) and XDC-USDT (Tether token, a USD-pegged stablecoin)—enabling its users to buy, sell, convert, send, receive,…
This analyst called Bitcoin’s new price high in 2020 three months ago
Bitcoin (BTC) hitting new all-time highs by Christmas is beginning to look conservative, but one analyst called current levels back in August. As noted by consumer investment service Swan Bitcoin on Nov. 18, the co-founder of The Investor’s Podcast Network, Preston Pysh, predicted 90% end-of-year returns for BTC/USD when the pair traded at $11,400. Pysh: 2020 gains could be “insane” “You should be making a new all-time high by Christmas 2020. That means we’ve got 80–90% upside from here, which is insane, right because there’s not that many more months…
Bitcoin (BTC) Hits $18,000, Ethereum (ETH) Joins Rally
Bitcoin bulls take the market by storm as BTC price surges over 9% and now is getting closer its all-time high. Bitcoin has attained these levels for the first time in approximately the last three years. There was a massive breakout in Bitcoin (BTC) price on Tuesday, November 17, as the world’s largest cryptocurrency added $1000 to its price. Bitcoin (BTC) hits a new 2020-high above $17,750 levels as it inches closer to its all-time high of $20,000. At press time, BTC is trading higher. The coin has added almost…
Bitcoin’s market cap surpasses Nvidia at over $336B
Amid a meteoric bull run in the cryptocurrency market, Bitcoin (BTC) is overtaking another major American company in terms of market capitalization. As Bitcoin price briefly crossed the $18,000 threshold on Nov. 18, Bitcoin’s market cap surged above $336 billion, outstripping the market cap of Nvidia — one of the world’s most well-known manufacturers of graphics cards. On Nov. 17, Nvidia’s shares closed at $330.7 billion, according to data from Macro Trends. The close follows a significant decline from a $358.7 billion threshold recorded on Nov. 2. At publishing time,…