Day: December 8, 2020

RSK launches Powpeg, a trustless Bitcoin bridge architecture

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Bitcoin sidechain RSK launched a new bridge protocol called Powpeg, which will facilitate a trustless connection between Bitcoin (BTC) and RSK’s wrapped version of it, called Smart Bitcoin (RBTC). The system marks the first time that a Bitcoin sidechain has featured a trustless peg where the funds allocated to the chain are not controlled by a group of well-defined entities, often called a federation. Powpeg achieves this by combining the security features of a Hardware Security Module, or HSM, with RSK’s consensus layer based on merge-mining with Bitcoin. Sergio Lerner, co-founder of…

Big move brewing for Bitcoin as trading volume drops in December

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While Bitcoin (BTC) has seen a parabolic rally since September, the momentum has stagnated as with BTC/USD unable to break through the all-time high region.  This BTC price level below $20,000 has been accompanied by diminishing volatility and volume, making it increasingly difficult to predict the direction of the next move. Let’s take a look at the crucial levels where volatility could be expected on the lower timeframes. Sideways BTC price action, low volatility for now BTC/USDT 4-hour chart. Source: TradingView The lower timeframe charts show an apparent range-bound construction…

Blockchain Forum Italia 2020 – Interoperability among platforms: a foreseeable future?

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Blockchain Forum Italia 2020 – Digital Edition – Interoperability among platforms: a foreseeable future? Tavola rotonda con: Montse Guardia – General Director Alastria Pietro Grassano – Business Solutions Director Europe Algorand Jerome Grilleres – General Manager Europe at VeChain Chiara Ventura – Account Manager Blockchain Italia & Community Manager Italia4blockchain more info #blockchainforumitalia2020 #blockchain ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Ethereum 2.0 Beacon Chain may speed up enterprise blockchain adoption

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The highly anticipated security and scalability upgrade to the Ethereum network launched as planned on Dec. 1, marking a huge milestone for the Ethereum community. On the surface, the Eth2 Beacon Chain will help ensure an increase in scalability and capacity across the Ethereum network. However, the initial launch of the Beacon Chain signifies much more than promised network benefits, and could potentially drive enterprise blockchain adoption even further.  Corey Petty, chief security lead at Status — a globally distributed collective working to build products, tools and infrastructure for Eth2…

Jack Dorsey’s Square commits $10M to green energy for Bitcoin mining

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On Tuesday, payments giant Square announced a major push to go carbon neutral by 2030. As part of the initiative, Square will be dedicating $10 million to its Bitcoin Clean Energy Investment Initiative, which aims “to support companies that help drive adoption and efficiency of renewables within the bitcoin ecosystem.” Square is the firm behind CashApp, which is a major force in bringing crypto to regular users. In today’s announcement, Square identified Bitcoin as “a unique part of Square’s footprint.” Jack Dorsey, CEO of both Square and Twitter, said:  “We believe…

Nimera Swap Offers DeFi Exchange Platform With Low Fees and Support for Any Blockchain

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The Defi revolution has brought about a new world of opportunities for crypto investors, but major improvements are still needed in the current ecosystem. For example, the most popular coin swapping service today is dependent on ethererum and its ridiculously high gas prices. Nimera Swap offers a solution to this problem with a DeFi exchange platform that has lower network fees compared to ethereum-based solutions and also supports all kinds of tokens. DeFi Exchange Platform With Lower Fees Nimera Swap is a new service where you can easily exchange crypto…

Uncertainty Over Bitcoin Price as Market Quietens

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As Bitcoin price stalls, it is obvious that emotions will be the most decisive factor in the coming weeks as investors are controlled by the fear of losing out of a potentially promising position. Investors are at a loss at what would happen next in the coin market as the price of Bitcoin (BTC) seems to stank around $18,000 after weeks of upsurge. There had been an expectation that the digital asset would soar up to $20,000 as it had done in December 2017 but it seems to have lost…

Bitcoin Price Slides $500 Overnight, But Is A Steeper Selloff Brewing?

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Bitcoin price is now trading under $19,000, after repeated failure to sustain above its former all-time high and flip the former record from resistance to support. Since then, the leading cryptocurrency by market cap has fallen $500, but it could be the beginning of a short bearish phase to reset market sentiment, indicators, and more, before moving higher toward new highs once again. Bitcoin Loses $19,000: Is This The Start Of A Chaotic Correction? Bitcoin price closed its daily candle last night above $19,150, and this morning the price per…