Day: January 28, 2021

Blockchain Bites: DOGE Chases After GameStop, Guggenheim Doubts $30K Bitcoin

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Three stories 1. Federal Reserve Chair Jerome Powell said the U.S. central bank will keep its policies loose. The Fed will maintain its current $120 billion per month bond-buying program until “substantial further progress” is made in terms of inflation and employment. “I’m much more worried about falling short of a complete recovery and losing people’s careers and lives that they built because they don’t get back to work in time,” Powell said. “I’m much more concerned about that than the possibility which exists of higher inflation. … Frankly, we’d…

Bitcoin whale explains to Bloomberg why crypto volatility will decline

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Bitcoin’s (BTC) violent price swings could become a thing of the past as institutional buyers with stronger hands continue to push the asset higher, according to a prominent crypto whale.  Eric Peters, the founder and CEO of One River Asset Management, told Bloomberg Thursday that Bitcoin’s path to maturity should help stabilize its price. “There are all kinds of reflexive dynamics in these assets that ironically will lead to less volatility the higher they go,” he said. “As the prices are going higher, you are drawing in new types of…

Bitcoin SV BSV Technical Analysis (14 Jan 2021)

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Join us! Full list of BSV technical analysis. If you enjoyed the video, feel free to tip. 🤗 ETH: 0x4498cDA1Fbbb8828daf77Eb4DDb925e374Db0139 Target 4 : $3000 Laptop – 😍 ———- Thank you! 🥰 ———- Target 1 : Samson Mic (16 May 2019) Target 2 : Crucial SSD (26 Sep 2019) Target 3 : Kingston RAM (22 Feb 2020) Use these 5 ========== Read this. Analyze with TradingView. Short with Bitfinex. Use Brave browser. Use a hardware wallet: #BitcoinSV #BSV #cryptocurrency ▶ Coinbase Website: Coinbase.com…

Blockchain companies can’t afford to stay on the patent sidelines

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Twitter plays defense with its patents, Square has launched a consortium — which includes Coinbase — to pool crypto patents and Alibaba is well on its way with its mission to overtake IBM in the blockchain patent wars.  Many startups don’t take the necessary steps to protect their innovations, and that’s a big mistake. Particularly in blockchain, an open-source philosophy embedded in the space makes many entrepreneurs eschew the competitive, territorial landscape of patent applications. In fact, a lot of startups believe patents can’t be enforced on decentralized autonomous technology.…

Inside Iran’s Onslaught on Bitcoin Mining

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Iran is trying to make crypto mining a source of income for the state, while cracking down on miners. Iran, hit hard by international sanctions, lost revenue supplied by oil exports. Crypto might be a way to get some extra cash, so Iran has been toughening its grip on miners at home in an effort to better control this revenue stream. Since last year, Iran has also opened new opportunities for foreign mining firms. Iran is a notable player on the bitcoin mining market, and during 2020 it contributed almost…

Binance survey finds that ‘hodlers’ still dominate crypto

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The majority of cryptocurrency users reportedly prefer to hold their crypto as part of a long-term investment strategy, according to a new survey by Binance Research. Released on Thursday, the survey report shows that as much as 55% of respondents own cryptocurrencies like Bitcoin (BTC) as a long-term investment. The “2021 Global Crypto User Index” report is based on a global survey that includes input from more than 61,000 crypto users across 178 countries and regions. The survey was conducted over a period from Sept. 15 to Oct. 25, 2020.…

Bitcoin News Roundup for Jan. 28, 2021

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With digital-market traders taking GameStop’s stock gyrations as a moment for self-reflection, CoinDesk’s Market Daily is back with the latest news roundup. Add Markets Daily to your Alexa Flash Briefing here. This episode is sponsored by Nexo.io. Today’s stories: What does GameStop mean for cryptocurrencies? Digital-market traders found amusement in the GameStop saga. They also saw an opportunity for self-reflection. Here’s what Niall Ferguson, Caitlin Long, Mati Greenspan and Jonathan Mohan said. “Gotta admit it’s really something to see Wall Streeters with a long history of treating our economy as…

Skybridge Capital Cofounder Says Gamestop Activity Is ‘More Proof That Bitcoin Will Work’ – Bitcoin News

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The New York-based Skybridge Capital cofounder, Anthony Scaramucci, recently explained that this week’s Gamestop fiasco is positive for the global cryptocurrency bitcoin. Scaramucci’s statements follow the global investment manager’s recent dive into the crypto economy by gathering exposure to over $300 million worth of the cryptocurrency. Skybridge Capital Cofounder Says Gamestop Stock Activity Bolsters the Concept of Bitcoin The recent Gamestop stock saga has shown the world the power of social media and financial technology combined. Meme lords, Redditors, Discord users, Twitter heads, 4chan trolls, and a number of other…