Day: November 19, 2020

Dell-owned VMware launches enterprise-focused blockchain

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Major cloud computing and virtual machine firm VMware has launched VMware Blockchain, an enterprise-ready blockchain platform. The billion-dollar company, owned by Dell, first teased the blockchain’s development in 2018, through its Project Concord, promising an enterprise-grade platform that can enable secure inter-organization data sharing. VMware joins the ranks of IBM and other global tech conglomerates that have launched their own blockchain platforms. The firm identified highly complex and fragmented multi-party enterprise workflows — resulting in delays, increased costs and hindered innovation — as a core problem they aim to solve…

WISE INSURANCE STAKE ALLOWS YOU TO CASH OUT 90% PRINCIPAL ANY TIME!

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Oasis Network mainnet launches touting privacy for loans and genomes

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Oasis Labs has announced the successful launch of its Oasis Network mainnet, with more than 70 independent validators already live. Oasis is a privacy focused Layer 1 network that claims a throughput of 1000 transactions per second designed to support decentralized applications. In June 2018, Oasis raised $45 million from crypto venture heavyweights including A16z, Binance Labs, Pantera, and Polychain. Oasis allows data to be encrypted, and for privacy policies surrounding its use to be enforced through smart contracts Oasis Labs says its “confidential compute” functionality enables encrypted data to…

Bitcoin Consolidating Gains, Why Close Below $17.5K Could Be Significant

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Bitcoin price surged towards the $18,500 level before correcting lower against the US Dollar. BTC must stay above $17,500 for upside continuation in the near term. Bitcoin rallied further towards the $18,500 level before correcting lower sharply. The price is holding the key $17,500 support and it is well above the 100 hourly simple moving average. There is a major contracting triangle forming with resistance near $18,020 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh rally if there is a…

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Bitcoin mining revenue hits yearly high, after return to pre-halving levels

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Key on-chain metrics such as Bitcoin mining revenues have returned to pre-halving levels according to recent research. Data from analytics provider, Glassnode, suggests that revenue from Bitcoin mining is now back at the same levels it was as when block rewards were double what they are now. When the halving took place in mid-May, BTC prices were around $9,000. On November 18 they had doubled to $18,000 which suggests a correlation as miners need to sell enough of the asset to cover their expenses while remaining in profit. Higher prices…

4 reasons why Bitcoin’s bull run is intact despite a surprise stop hunt

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After Bitcoin (BTC) price suddenly dropped from around $18,500 to $17,200, some traders began to question whether a local top had formed but there are multiple factors that suggest the bull run is still intact. Following the initial pullback, BTC continuously showed extreme volatility, demonstrating market uncertainty. The four factors that show Bitcoin’s momentum remains strong are whale inflows, a strong market response, resilience above each whale cluster, and high open interest. Whales are not selling large amounts of BTC According to data from CryptoQuant, whales are not selling large amounts of…

Celo taps Chorus One to build a bridge with Cosmos, paving the way for others

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Celo has awarded a grant to staking service provider Chorus One to build a bridge facilitating interoperability between the Cosmos and Celo networks. The proof-based bridge will allow “bidirectional communication’ between Celo and Cosmos, allowing Celo’s cUSD stablecoin to operate on the Cosmos network, and Cosmos-based assets including ATOM, BAND, and KAVA to be held in the Celo Reserve. According to a Nov. 19 announcement, the partnership will lay the groundwork for building future bridges between Celo and “chains like Polkadot, Near, and Solana.” Cosmos is also working to build…

Bitcoin price topped out! Next drop within 9 hours, BTC, YFI, ETH Price targets & Technical Analysis

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Bitcoin price is topped out as far as I’m concerned and BTC will be dropping to test the 20 week MA soon. Before we can test our our previous high of $20,000 we need a correction. If we drop to the 20 week MA and it does not hold then I expect bitcoin crash to much lower targets. I give my chart technical analysis for: BTC, YFI, Copper, LTC, ETH and more. While yes it is possible bitcoin price gets a pump…

Everything The Felder Report got wrong about Bitcoin

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Bitcoiners are crying foul at former billion-dollar hedge fund manager Jesse Felder’s “inaccurate” hot take blog post about Bitcoin today in which he claims the crypto asset “doesn’t make sense as an investment nor as a currency alternative.” Bitcoiners seemed taken aback by the number of factual inaccuracies in the post coming from someone working in finance. In the Nov. 18 post on his financial blog titled “Please Stop Asking Me About Bitcoin,” Felder claims Bitcoin (BTC) is not used as a medium of exchange, nor does it provide any…