Day: February 17, 2021

Correction Anticipated as Bitcoin Runs Past $51,700 in Parabolic Rally

boss

Another day, another all-time high for Bitcoin. The benchmark cryptocurrency continued its upside trend heading into the European session Wednesday as its price jumped above $51,700 for the first time in history. Meanwhile, its market capitalization surged to over $960 billion, just 3 percent shy of hitting $1 trillion. “We should hit $2 trillion this year,” said Ronnie Moas, the founder of Standpoint Research, after the rally. “The 2021 price target is $112,000.” Fundamentally-Driven Bitcoin Boom Traders increased their bids in the cryptocurrency market after Nasdaq-listed software intelligence firm MicroStrategy…

Alien Worlds Rises to Become Top Blockchain Game

boss

Blockchain-based games offer a number of valuable features that users cannot access through the traditional gaming infrastructure. This is evidently clear in the rising popularity of Alien Worlds, a fully tokenized gaming universe where each player can decide the world they want. The interesting in-game dynamics, made possible by non-fungible tokens (NFTs), plus Alien Worlds’ attractive and easy-to-use interface, has propelled it to the top spot out of all blockchain games. With each aspect of the game tokenizable, Alien Worlds is an enthralling game that allows users to monetize their…

Polkadot indicator? Data shows Bitcoin has been following DOT price for months

boss

Polkadot’s DOT token is seeing an impressive 180% gain in 2021 so far, surpassing XRP for fourth place by market capitalization.  Polkadot is a multichain protocol that has several “parachains,” similar to Ethereum shards. DOT works on its proprietary technology called Substrate. The platform is fully interoperable between different blockchains while maintaining the ability to process thousands of transactions per second. Substrate 3.0, which will bring Ethereum compatibility, is expected to launch in the first half of 2021. Positive newsflow has been fueling the rally According to Polkadot creator Gavin Wood, the emergence…

ICO launches data analytics toolkit

boss

The Information Commissioner’s Office (ICO) is urging all organisations considering using data analytics on personal data to look at its new toolkit. It is vital that data protection is built in from the start when using data analytics to process personal data. This is not only the law but it’s a crucial step to gaining public trust and confidence in the technology and how your organisation is using people’s data. The ICO’s new toolkit takes organisations through some of the key data protection points they need to think about from…

How to Invest in Crypto Art or NFTs. The Beginner to Pro Guide.

boss

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Twitter: Blog Post: Lost and don’t know where to begin with Crypto Art or NFT Investing? This guide is for Beginners and will be covering the A-Z on investing. How to research artists, How to look at data, How is it different to Tradional Art Investing, Do you need a lot of money, And a lot more! Make sure you check out the blog post for additional info. ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Bitcoin Price Soared to ATH of Over $51K, Will This BTC Bullish Trend Reverse?

boss

Bitcoin is hitting new records. However, many critics of BTC maintain a position that the coin represents the biggest financial bubble in history. The first-ever digital currency, also known as Bitcoin (BTC) has recorded yet another milestone, soaring to an all-time high of over $51K. This groundbreaking feat was attained today February 17th, as data from CoinMarketCap showed the coin is up 4.45% over the past 24 hours to $51,253.48 at the time of writing. Bitcoin has revealed its apparent uniqueness as a store of value as its price has…

World’s Oldest Central Bank Extends Digital Currency Test Till 2022

boss

The world’s oldest central bank, Sweden’s Riksbank, is to extend its pilot project for a potential central bank digital currency (CBDC) for another 12 months. According to a press release on Friday, the project, which is being carried out with assistance from professional services firm Accenture, will run until February 2022. The Riksbank said it would continue developing a technical solution for a central bank-issued e-krona “as a complement to cash,” with the primary objective being for the bank to increase its knowledge around the technology. For 2021, the institution…

Bitcoin selling at 36% premium in Nigeria

boss

It’s been roughly 11 days since the Central Bank of Nigeria banned all regulated financial institutions from providing services to cryptocurrency exchanges in the country. At the risk of stiff penalties, all banks and institutions were directed to close crypto-related firms’ accounts immediately.  In the wake of the controversial move, public interest in Bitcoin (BTC) in Nigeria continues to outstrip other countries, according to the latest available data from Google Trends. Even more stark is the hefty 36% premium on Bitcoin’s price as of the time of writing, Feb. 16.…

Diginex Connects Crypto Exchanges and Electronic Trading Firms With New Platform

boss

Crypto services firm Diginex has partnered with electronic trading firm Itiviti to let institutions trade crypto and equities under one roof. The new platform is called Diginex Access. The firm claims it is the first crypto firm to plug into an electronic trading platform’s order management, execution management and portfolio management systems, said Diginex CEO Richard Byworth. Other firms offer just crypto portfolio management software for traditional institutions getting into crypto, Byworth said.  Itiviti users, mostly investment banks and hedge funds, can now trade crypto and crypto derivatives alongside their…

NYDIG Submits Application of Bitcoin ETF to US SEC with Morgan Stanley on Board

boss

The shares of the NYDIG Bitcoin ETF will trade on the New York Stock Exchange (NYSE), while the NYDIG Trust will hold the custody of the Bitcoins in the fund. On Tuesday, February 16, the New York Digital Investment Group (NYDIG) filed a Form-S1 registration statement for Bitcoin ETF with the US Securities and Exchange Commission (SEC). This is the first Bitcoin ETF application to the US SEC this year in 2021. The filing also lists NYDIG Trust Company LLC that will serve as the fund’s Bitcoin custodian. More interestingly,…