Day: January 27, 2021

IoT growth, partnerships, ease of mining drive Helium (HNT) price higher

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Helium is a decentralized blockchain-powered network designed to allow low-powered wireless devices to communicate with each other and send data across its network of nodes. Since July 2020, Helium’s native token, HNT, has increased 550% in value from $0.35 to a 2021 high of $2.25 on Jan. 25 as fundamentals for the network continue to improve. Three reasons why HNT is poised for continued growth are the increasing size and coverage of its node network, the ease of running a node for passive income, and the growing number of partnerships Helium…

DoJ, Chainalysis work to break up ransomware network that targets hospitals

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United States authorities have hit a major malware operator, with help from leading blockchain analytics firm Chainalysis. On Wednesday, the Department of Justice announced the seizure of $454,530.19 in cryptocurrency from NetWalker, a ransomware operator the Federal Bureau of Investigation alleges to have targeted hospitals globally amid the COVID-19 pandemic.  Piggybacking on the DoJ’s announcement was Chainalysis, which took the opportunity to advertise the firm’s involvement in tracking down NetWalker hardware in Bulgaria as well as Sebastien Vachon-Desjardins. The DoJ arrested Vachon-Desjardins, a Canadian national who it alleges to be an affiliate…

The mayor of Reno appears to be a LINK Marine

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As more jurisdictions explore the potential utility of blockchain technology and cryptocurrency, one American mayor suggested that she backs Chainlink — the most widely used oracle network for powering connected smart contracts.  When Miami Mayor Francis Suarez announced that his municipality’s website would host Satoshi Nakamoto’s Bitcoin (BTC) white paper, Mayor Hillary Schieve of Reno, Nevada asked her colleague when he would become a LINK Marine — a popular term to describe supporters of Chainlink’s oracle network. “The City of Miami believes in Bitcoin,” Suarez said, adding that he’s “working day and…

Massive Gamestop Short Squeeze Highlights the Fragility of Today’s Financial System – Featured Bitcoin News

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The bigwigs trading stocks on Wall Street have been upset this week as billion-dollar hedge funds have been crippled by Redditors and memes. Not too long ago, the firm Gamestop’s shares were plummeting, and Wall Street veterans lined up a mountain of short bets against the company’s stock. However, members of the Reddit forum called “Wall Street Bets” discovered the short positions, and subsequently turned things around by purchasing the stock and placing long positions on Gamestop’s shares. On Tuesday, Gamestop’s stock (GME) spiked well over 148%, as GME trade…

Dekati Rekor, Harga Bitcoin Dibanting

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Berita lainnya Pariwisata Indonesia Kalah dari Thailand, Pak Luhut? Bitcoin, mata uang digital dengan teknologi blockchain. Sejak diperkenalkan pada tahun 2009 lalu oleh seseorang yang menggunakan nama samaran Satoshi Nakamoto. Saat ini harga bitcoin melesat dan diakui oleh beberapa negara sebagai alat pembayaran. Ada yang pro ada yang kontra sampai saat ini. Terlepas dari itu performanya di tahun ini cukup mencengangkan. Melambung terbang tapi bisa terhempas dalam hanya dalam 1 malam. Selengkapnya dalam program Power Lunch CNBC Indonesia (Jumat, 27/11/2020) berikut ini.…

Why Bitcoin Has More Ideological Flexibility Than We Think

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NLW is joined by three philosophy professors for a discussion of bitcoin, ethics and politics. This episode is sponsored by Nexo.io. Falling down the proverbial bitcoin rabbit hole tends to lead people to ask deep questions about the nature of the economy and society. Today’s Breakdown guests are all professionally trained to ask those sorts of questions as philosophers. The three form a research collective called Resistance Money and are working on a book about bitcoin’s use helping individuals overcome infringement by states and other institutions. On this episode they…

A Dangerous Technical Pattern In Bitcoin Is Back, And It Is Breaking Down

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Bitcoin price is barely holding onto support at $30,000 and it could soon be lost for some time to come, if a pattern that has cut the cryptocurrency down to size confirms. The pattern itself has proven dangerous for Bitcoin in the past, and appears to be in the process of breaking down now. Here’s how past patterns have played out, and downside targets if the bearish pattern is valid. Descending Triangle: The Most Dangerous Technical Pattern In Bitcoin Technical indicators such as the MACD and Average Directional Index have…

Here’s Why Coinbase Whales Contributed to Bitcoin’s Sub-$30,000 Plunge

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Bitcoin has been facing some immense selling pressure today that has caused its price to plunge below $30,000 This was previously strong support for the crypto, and it is now testing the support it has at its multi-week lows of $29,000 Where the market trends next will likely depend largely on whether or not buyers can continue defending against any imminent downside One startling trend seen on Coinbase is the disappearance of whales that had previously been supporting the price this morning An on-chain analyst explained that the heightened spot…

Central banks representing a fifth of world’s population likely to issue CBDC in 3 years: BIS

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Central bank digital currencies, or CBDCs, are entering the “advanced stages” of engagement as nations around the world look to capitalize on blockchain technology, according to a new report by the Bank for International Settlements. In its latest survey of CBDC development, the BIS shows that central banks representing roughly a fifth of the world’s population are set to introduce a “general purpose CBDC in the next three years.” The 23-page document is based on primary consultations with more than 60 monetary authorities conducted in late 2020. The survey indicates…

Second-Generation Lending Protocol Lendefi Is Coming for Compound’s Crown – Press release Bitcoin News

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PRESS RELEASE. Lendefi is a brand-new protocol aiming to provide opportunities such as lending and borrowing, leveraging and investing. Lendefi is an innovative second-generation DeFi lending protocol that allows lenders to earn interest on stablecoin deposits, and for borrowers to obtain undercollateralized loans (UCLs) to invest in popular digital assets. The main advantage of Lendefi is the possibility of undercollateralized loans, meaning you can borrow more than the collateral (serving as a type of security) you provide. Existing lending protocols, for their part, allow overcollateralized loans, meaning users are limited…