Day: January 6, 2021

Bitcoin Could Hit $1M in Five Years

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Raoul Pal previously said that Bitcoin is slowly eating the world as observed with the banking system.  Renowned economist and investment strategist Raoul Pal highlighted some of the future market outlook during a YouTube interview entitled ‘Financial Manager interview #006’. According to Pal, former Goldman Sachs strategist, who has majorly invested in the crypto market, Bitcoin is well poised to hit $1 million in the next five years. Apparently, Pal noted that the value is not outrageous as more institutional investors led by hedge fund managers are flocking into the…

First Mover: Bitcoin Hits Record as `Blue Wave’ and `Kimchi Premium’ Look Bullish

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Bitcoin (BTC) rose for a second day, surging to a new all-time high price of $35,751, based on CoinDesk’s Bitcoin Price Index.  The jump came as votes were tallied from Tuesday’s special U.S. Senate runoff elections in the state of Georgia, where Democrats appeared on the cusp of gaining two seats that would deliver President-elect Joe Biden’s party the upper legislative chamber and full control of Congress. A big loser in Georgia was U.S. Senator Kelly Loeffler, a former CEO of the Bakkt cryptocurrency exchange. A Democratic win in the other…

Japanese telecoms giant Softbank Corp joins crypto regulatory group JSTA

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Softbank Corp, the telecoms arm of the Japanese conglomerate Softbank Group, has confirmed its membership of the Japanese Security Token Association.  The company now joins other firms like Mitsui Trust and Qunie — the consulting subsidiary of NTT Data — as members of the crypto advocacy body. The JSTA also includes crypto and blockchain member firms like security token platform TokenSoft and Japan’s largest cryptocurrency trading service BitFlyer. The Association is part of a group of advocacy and self-regulatory bodies that exist within the Japanese cryptocurrency and blockchain space. In…

Dfinity quietly launched the ‘Internet Computer’ mainnet last month

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After several years of research and development and numerous breakthroughs in cryptography and computer science, Dfinity launched the mainnet of its “Internet Computer” on Dec. 18. The Internet Computer promises to be the first blockchain computer running at web speed with unbounded capacity. It achieves this speed through something called Chain Key Technology, which splits calls to smart contracts into two types: update calls and query calls. Update calls are finalized in one to two seconds, based on the time it takes for new blocks to be produced. However, query…

Bitcoin Is Now Among the Top 8 Most Valuable Global Assets

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Bitcoin, the largest cryptocurrency, has been and continues to climb like crazy since late December last year up to now. In fact, it has increased by almost +327% in one year, according to Messari. At the time of writing this, BTC’s price is sitting at $35,073. The increasing price, as well as the newly-minted Bitcoins, are both responsible for the record-breaking market capitalization of $656 billion, which catapulted Bitcoin as the top 8 most valuable global asset. The Market Cap of Bitcoin is $673 Billion According to Asset Dash, Bitcoin…

Crypto exchange ShapeShift integrates DEXes, relieves user KYC burdens

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Non-custodial cryptocurrency exchange ShapeShift is announcing today the integration of nearly a dozen decentralized exchange (DEX) protocols — a move designed to relieve both the company as well as users of KYC burdens, while simultaneously offering traders superior liquidity, pricing, asset availability, and security.  Prior to the integrations, ShapeShift required users to undergo a KYC process in order for the company to remain legally compliant as the exchange served as a counterparty to user trades. In an interview with Cointelegraph, ShapeShift CEO Erik Voorhees said that regulated services will continue…

Ukrainian football club Dynamo Kyiv to launch blockchain-based fan tokens

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Ukrainian football team Dynamo Kyiv is launching its own fan token and digital marketplace powered by blockchain technology. According to a Jan. 4 announcement, the team has partnered with Moonwalk, a company specializing in creating digital economies for brands, to release a set of loyalty initiatives for its fans. Dynamo Kyiv fans will be able to earn digital tokens for “social actions” such as playing prediction games or engaging with the club on social media. The tokens will then be spendable as reward points for accessing merchandise drops, join VIP…

Bitcoin Jumps as Democrats Lead Georgia Runoff Elections; What to Expect?

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The intraday returns on the Bitcoin spot market rose above 2 percent as Democrats took the lead in Georgia’s runoff elections. By the late Asian trading session on Wednesday, the flagship cryptocurrency had surged to another record high of $35,868, according to Coinbase crypto exchange, up 7.54 percent from its intraday low of $33,352 at around midnight UTC. Bitcoin trades higher in an Ascending Channel pattern. Source: BTCUSD on TradingView.com Bitcoin trades higher in an Ascending Channel pattern. Source: BTCUSD on TradingView.com A downright bearish US dollar sentiment served as…

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