Day: February 1, 2021

Microsoft uses blockchain technology to purchase soil carbon credits in Australia

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Microsoft has employed blockchain technology to purchase soil carbon credits in Australia. In combination with Regen Network — built on the Cosmos (ATOM) blockchain — the CarbonPlus Grassland credits were initially issued to two ranches in New South Wales. The carbon credits are used as a measure of soil sequestration, which is the process of capturing atmospheric carbon dioxide and storing it in soil. This is achieved through Regen Network’s remote sensing technology, and is also said to help monitor animal welfare, soil health and general ecosystem health. A total…

Ark Investment Study Suggests BTC Value Will Rise by $40,000 if All S&P 500 Companies ‘Allocate 1% of Their Cash to Bitcoin’ – Finance Bitcoin News

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According to the findings of a study by Ark Investment Management (AIM), the value of bitcoin can potentially increase by $40,000 if all S&P 500 companies allocate 1% of their cash holdings to the crypto. Similarly, if all these companies were to convert 10% of cash holdings into bitcoin, the value of the crypto asset will potentially rise to $400,000. Institutional Adoption The study findings, which are based on December 1, 2020 data, seem to get validation from BTC’s price movement after Square and Microstrategy acquisitions. As on-chain data shows,…

Reddit rage as XRP price crashes 50% hours after hitting two-week highs

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XRP, the number four cryptocurrency by market cap, crashed nearly 50% in under two hours on Feb. 1 as a trading frenzy backfired on new investors. XRP/USD 1-hour candle chart (Bitstamp). Source: TradingView XRP traders nurse 48% losses Data from Cointelegraph Markets and TradingView showed extreme volatility set in for XRP/USD during Monday trading, hours after a now-infamous Reddit group r/Wallstreetbets opted to buy the token en masse. After reaching highs of $0.75, losses began mounting fast, the downside accelerating until XRP bounced off lows of $0.39 — 48% beneath…

Cointelegraph announces the Top 100 Notable People in Blockchain 2021

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Let’s get one thing out of the way. You will not agree with every selection on the Cointelegraph list of the Top 100 Notable People in Blockchain. In fact, you will almost certainly disagree, vehemently, with many of the people we’ve included in this year’s list. You will rage at the inclusion of [insert comedy villain here] and the exclusion of, say, Charles Hoskinson. Particularly if you are indeed Charles Hoskinson. You will seethe at the fact that Arthur Hayes is nowhere to be found. (We looked.) You’ll eat your…

Silver Is the New GameStop as Musk’s #Bitcoin Stalls

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Bitcoin (BTC) quickly settled back into the past couple weeks’ range between roughly $30,000 and $36,000, after a short-lived price spike Friday when Elon Musk, the electric-vehicle and private-spaceflight entrepreneur who’s also reportedly the world’s richest person, added “#bitcoin” to his Twitter profile. “The longer we stay at the current level, the stronger the base to bounce back up,” Matt Blom, head of sales and trading for the exchange firm EQUOS, wrote early Monday. Bitcoin prices finished January up 14% on the year.  Last week’s Reddit-fueled trading in GameStop bore…

Important Week! Bitcoin, Chainlink, Ethereum Price Prediction, Technical Analysis, News, Targets

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Fine Wines Become First Tokenized Securities Under New Swiss Blockchain Law

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Sygnum, a digital-asset finance firm with a Swiss banking license, has tokenized its first set of assets under the nation’s new law addressing the use of distributed ledger technology (DLT). According to a press release on Monday, Sygnum Bank teamed up with Fine Wine Capital AG to tokenize a range of “investible fine wines,” issuing tokens representing the alcoholic assets on Sygnum’s Desygnate platform. The move was enabled by the first phase of the new law, effective from Monday, Feb. 1, with Sygnum and Free Wine Capital now free to…

GameStop (GME) Shares Slightly Down in Pre-Market amid Retail Boost

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Although the trading of GME stocks in the past days have pumped their valuation, social brokerage platform Robinhood and others have either halted the trade of the shares or limited it. The shares of the American video game, consumer electronics, and gaming merchandise retailer, GameStop Corp (NYSE: GME) shares are 0.31% down in the pre-market on Monday after the 67.87% surge on Friday to $325 per share. Per a CNBC report, the shares of GameStop, which is now one of the retail investors’ delight has gained over 1,600% this year,…

Phase one of Switzerland’s blockchain law goes into effect

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On Monday, part one of the Swiss blockchain law covering company reforms went into effect. Back in September 2020, the country’s parliament passed an expanded regulatory framework for crypto and blockchain technology in the country. According to a Swissinfo report, the implementation of the new regulatory paradigm will help to improve Switzerland’s burgeoning crypto and blockchain scene. Indeed, industry stakeholders in the country praised the expanded financial and corporate reforms included in the amended legislation passed by parliament in September 2020. For Hans Kuhn, a board member at digital bank…

TMO Stock Jumps 2% in Pre-Market, Thermo Fisher Reports Strong Q4 Results

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According to a press release on its earnings result, Thermo Fisher revenue grew by approximately 54% in the fourth quarter to $10.55 billion. Thermo Fisher Scientific Inc (NYSE: TMO) has reported its Q4 and full-year 2020 results. Having experienced an increased demand for its products, Thermo Fisher saw its revenue spike significantly resulting in increased volatility in its stock market. Notably, Thermo Fisher stock closed Friday trading at $509.70, up 2.66%. Meanwhile, they were up approximately 1.82% in pre-market to trade around $517.12. Thermo Fisher Scientific Q4 Earnings Results According…