Day: December 4, 2020

Is It Bitcoin Season or Altseason? Right Now No-one Knows

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Mainstream news outlet CNN released an article titled, “Forget bitcoin. These cryptocurrencies are surging even more.” In it, author Paul R. La Monica points out that several large caps all outperformed the leading cryptocurrency during the recent spike. “While bitcoin has soared 15% in the past week to hit a new all-time high just under $20,000, ethereum — the second-largest crypto after bitcoin — is up more than 20% in the past seven days. Meanwhile XRP, the third-largest cryptocurrency, has surged nearly 25%. Litecoin, Polkadot, Cardano and Stellar, which are…

This Cyberpunk 2077 Leak Confirms a Hideo Kojima Cameo

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Players are receiving copies of Cyberpunk 2077 early. Despite the warning of take-downs from developer Cyberpunk 2077, leaks are popping up across the internet. One such leak confirms that Hideo Kojima has a cameo in the game. Well, that didn’t take long at all. Despite developer CD Projekt Red issuing a stark warning to those lucky enough to receive an early copy of Cyberpunk 2077 not to spoil the game for everyone else before release day, the internet is awash with leaks. The map, character customization, perks, missions, and everything…

Luminar CEO Becomes Youngest Billionaire Following IPO Debut

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Luminar Technologies (NASDAQ: LAZR) revealed its plan to go for an IPO in August via a reverse merger with a special purpose acquisition company. As Coinspeaker reported, the Florida-based company merged with Gores Metropoulos, finally making its debut at Nasdaq yesterday, December 3. Austin Russell, who founded the company at just 17, owns over 104 million shares, a third of Luminar’s outstanding equity. His equity is now worth $2.4 billion. With the world of automotive startups enjoying its best year yet, Luminar enjoyed a great stock market debut in its…

Bitcoin price correction begins — Here’s how low BTC can go

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The price of Bitcoin (BTC) has been seeing a massive run in recent months as it surged by almost 100% from $10,000 to $19,800. However, the all-time high region at $20,000 has been showing significant resistance, causing the price to drop several times including today as BTC has now fall below $19,000 on Dec. 4. The chances of a correction have been slowly increasing amid diminishing volume in recent days. Multiple arguments can be made for a deeper correction, which wouldn’t necessarily be bad for the market in general.  All-time…

China Construction Bank’s blockchain bond efforts take a new direction

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China Construction Bank, the world’s second-largest bank by assets, is cooperating with Malaysian and Singaporean partners to test blockchain technology for use in the bond market. As previously reported, China Construction Bank’s branch in Labuan, Malaysia, had initially pursued a partnership with a Labuan-based fintech to issue what was hailed as prospectively the first-ever blockchain-based digital security to be issued by a Chinese financial institution.  CCB Labuan’s plan had been to use the Ethereum blockchain to issue bonds and raise up to $3 billion in total, starting with a tranche of $58…

UN blockchain tool aims to improve land registry in Afghanistan’s cities

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The United Nations has released a blockchain-powered solution to help the Afghan government manage property ownership issues in the country’s urban areas. According to a Dec. 2 announcement, the U.N. Human Settlements Programme, or U.N.-Habitat, will present its new digital land registry solution to the Ministry of Urban Development and Land in Afghanistan in December 2020. The U.N. first launched its blockchain project for sustainable urban development in Afghanistan in 2019.  Now, with its new blockchain-enabled digital land registry tool, the U.N. wants to help Afghanistan address major challenges in…

Bitcoin ‘Potential Store of Value’ under Scrutiny as Its Volatility Termed Extremely High

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However, with most investors still speculating on the future growth prospects of the assets, Tom Jessop thinks Bitcoin has the chance to become an alternative store of value. Over a decade ago, Bitcoin developers released the initial whitepaper that has been a great foundation for many digital assets. Among the primary functions of Bitcoin highlighted by the developers in the whitepaper was to act as a store of value, with capabilities of easy transactions. However, Tom Jessop, Head of Fidelity Digital Assets (FDAS), thinks the asset has some features that…

One of Pakistan’s four provinces urges federal gov’t to legalize crypto

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The assembly of Khyber Pakhtunkhwa, a province in northwestern Pakistan, has become the first legislative assembly to call for changes in the country’s stance towards cryptocurrencies. As previously reported, Pakistan has to date been relatively slow to introduce new frameworks for digital assets and cryptocurrencies. This week’s resolution to the Khyber Pakhtunkhwa Assembly was reportedly introduced on Dec. 2 by Dr. Sumera Shams, a member of the provincial assembly and the centrist political party, Pakistan Tehreek-e-Insaf, or PTI. Fellow PTI member Zia Ullah Bangash, who is also Advisor to the Chief…

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