Day: December 28, 2020

Free Bitcoin Mining Sites Without Investment 2020

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2020 Saw the Fewest Bitcoin ‘Obituaries’ in 8 Years

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Bitcoin has been declared dead or dying roughly 390 times since 2010. But this year it’s dying much less frequently.  In 2020, bitcoin has been reported dead or dying only 11 times, per a list of these faux obituaries maintained by a Singapore-based website called 99 Bitcoins.  Bitcoin’s yearly “obituary” count hasn’t been so low since 2012, three years after Bitcoin launched. The team behind the website confirmed to CoinDesk the list is actively maintained to date. The sharp decrease in obituaries correlates with bitcoin’s record-breaking price action this year…

12 of the biggest enterprise blockchain players of 2020

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Enterprise blockchain started gaining traction in 2017 shortly after Bitcoin had reached its all-time high of nearly $20,000. Since then, enterprise blockchain has mainly been defined by private blockchain networks used by businesses for things such as supply chain management.  The enterprise blockchain space has changed quite a bit since 2017. For instance, 2020 has brought in a number of enterprise blockchain use cases that leverage public networks rather than private ones. The COVID-19 pandemic has also driven many companies, both large and small, to use blockchain for guaranteeing proof-of-health…

#XRP Set to become the Global Reserve Currency . MARKET ON FIRE NOVEMBER TO REMEMBER HAS BEGUN

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Bitcoin is Poised to Continue Surging as Recent Altcoin Rally Pauses

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Bitcoin recently posted what is widely described as a so-called “blow-off top” when it rallied to highs of $28,500 before facing an instant rejection that sent it tumbling down to $26,000. The support at this level was significant and has proven to be a strong base it has since rebounded off. As such, the possibility of its latest leg higher being a bearish blow-off top appears to be invalid for the time being. The consolidation trend seen in the time following its rebound from its recent lows has given rise…

Marathon Settles Record-Breaking ASIC Acquisition, Buys 70,000 High Performance Bitcoin Miners

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On December 28, the publicly listed firm Marathon Patent Group announced the purchase of 70,000 Antminer S19 bitcoin miners from Bitmain for $170 million. Marathon expects the shipments to complete in 2021, giving the mining operation over a hundred thousand ASIC miners or more than ten exahash of hashpower. Marathon Patent Group, Inc. (NASDAQ:MARA) revealed the company is dedicating a lot of capital toward the bitcoin mining industry. On Monday, Marathon announced one of the largest mining rig purchases to-date, as the firm has purchased 70,000 Antminer S19 bitcoin miners…

James Cooper: That Decoupling Sound: China, the US and a Year of CBDCs

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During the second presidential debate in 1992, candidate Ross Perot warned of a “giant sucking sound” of jobs leaving the United States for Mexico if the North American Free Trade Agreement (NAFTA) was to enter into force. This past year, you may have heard a giant decoupling sound as the economies of the United States and the People’s Republic of China went their separate ways. It is no secret that after two years of a trade war, ongoing bans on certain U.S. exports to Chinese technology companies with links to…

US Dollar Projected to Hit Cyclical Bottom in 2025—What Does It Mean for Bitcoin?

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It is safe to assume that Bitcoin’s parabolic rally in 2020 has everything to do with the underperformance of its arch-nemesis, the US dollar. The charts tell the entire story. In March 2020, a 60 percent crash in the Bitcoin market coincided with an 8.80 percent jump in the US dollar index, a barometer to measure the greenback’s strength against a set of foreign currencies. But later, Bitcoin regained its bullish momentum as its price notched higher by more than 600 percent. Meanwhile, the US dollar fell by up to…