Day: March 4, 2021

Bitcoin Price & Technical Analysis: BTC Correcting Again

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On Thursday, March 4th, Bitcoin is correcting after a phase of growth. It is generally trading at $49,500 USD. By Dmitriy Gurkovskiy, Chief Analyst at RoboForex. Tech analysis of BTC/USD BTC capitalization is nearing 1 trillion USD. PayPal is planning to buy a crypto depository service. On W1, Bitcoin keeps correcting in an uptrend. The aim of the growth after the pullback is over is 62,000 USD. The MACD histogram remains positive and keeps growing, giving yet another signal for the growth of the price. The signal lines of the indicator…

Vietnam’s finance ministry warns about crypto trading risks

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Vietnamese financial authorities have warned the public about the risks of cryptocurrency investment as the industry is not regulated in Vietnam, local news agency Thanh Niên reports Wednesday. The Ministry of Finance of Vietnam stated, “Vietnam has not adopted any legislation related to the issuance, trading, and exchange of virtual currencies and virtual assets.” The ministry stated that virtual currencies are not part of Vietnamese securities laws, and there are only two exchanges — Ho Chi Minh Stock Exchange and Hanoi Stock Exchange — that are allowed to trade securities…

Coinbase CEO Brian Armstrong Tops Hurun List of Blockchain Billionaires

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The report revealed that there are over 3,000 global billionaires, a figure which has surged by almost 50% over the last five years. Brian Armstrong, CEO of Coinbase, has been crowned as the king of blockchain billionaires according to the latest Hurun list. The report from China’s Hurun Research Institute revealed Brian Armstrong is the world’s biggest cryptocurrency billionaire with an estimated net worth of around $11.5 billion after it surged 10 times over the past year.  The latest Hurun List, published on March 2, provides a summary of the…

Crypto.com Launches Venture Capital Arm, Earmarks Initial $200M to Back Crypto Projects

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The move by the Crypto.com exchange to unveil its Venture arm is not uncommon in the digital currency ecosystem. Some other exchanges have similar initiatives. Hong Kong-based cryptocurrency exchange Crypto.com has unveiled its Venture Capital arm dubbed Crypto.com Capital. The new entity has the mandate to identify and fund innovative projects within the digital currency ecosystem, in a bid to nurture them to attain global acceptance. As blockchain technology and cryptocurrencies as a whole journey’s unto maturity, new projects are permeating the space, with some ambitious enough to aim at…

Ripple’s executive chairman moves to dismiss SEC lawsuit

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Chris Larsen — Ripple’s executive chairman — has joined company CEO Brad Garlinghouse in moving to dismiss the securities violation case filed by the U.S. Securities and Exchange Commission. In a court letter filed on Wednesday, Larsen’s attorneys provided four arguments detailing the reasons why the case against the Ripple executive should be struck. According to the letter, the SEC cannot substantiate its claims that Larsen “knowingly or recklessly provided substantial assistance” towards the violation of Section 5 of the Securities Act of 1933. Arguing further, the letter stated that…

UBS Analyst Changes Mind on Tesla, Doubles TSLA Stock Price Target

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UBS analyst also highlighted that “Tesla has the potential to become one of the most valuable software companies.” The performance of leading electric car maker Tesla Inc (NASDAQ: TSLA) in the stock market has convinced a long-time skeptic into a fervent believer of the potential it holds. The hitherto skeptic, UBS analyst Patrick Hummel, was forced to change tunes as he more than doubled his Tesla stock price target from $325 to $730 while adding that the “the narrative is no longer about the company’s leadership in electric vehicles, it’s…

Famed NFT Artist Bosslogic to Create 2500 Exclusive Pieces for Ethernity Community – Bitcoin News

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Top-selling non-fungible token (NFT) artist Bosslogic has partnered with art collective Ethernity to deliver a 2500 piece collection of unique art. The Ethernity Chain community members can take part in an NFT auction via an online competition. Bosslogic Collaboration Decision Dovetails Surging Crypto Collectible Sales Following his recent successes in the non-fungible token (NFT) space, acclaimed artist Bosslogic has joined forces with socially-oriented NFT-issuance platform Ethernity Chain. Ethernity auctions authenticated digital art and collectibles, with proceeds benefiting various social causes while building more mainstream attention around digital art possibilities. Bosslogic…

Iota releases Smart Contracts Protocol alpha ahead of Coordicide rollout

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The Iota protocol (MIOTA) is continuing its pivot toward implementing smart contracts with an alpha release of IOTA Smart Contracts Protocol, or ISCP. As announced on Thursday, the project has released a more stable iteration of its smart contracts platform, which was previously in the pre-alpha stage. The new version signals a higher readiness of the technology, allowing developers to compile and test smart contracts for the first time. The smart contracts are based on Rust and the WebAssembly framework, putting it in a similar development environment as some of…

Bitcoin bull run is still in the early stages, key on-chain indicator shows

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The price of Bitcoin (BTC) saw a minor correction on the day as the global stock market pulled back.  The top cryptocurrency dropped by nearly 8% in the last 24 hours, retracing most of the gains it recorded during yesterday’s rally on March 3. Bitcoin bull run is still at an early to mid stage According to William Clemente, a cryptocurrency analyst, Glassnode’s Reserve Risk indicator shows that Bitcoin’s rally is still in the early to middle stage. As Clemente explains, the Reserve Risk is defined as price/HODL Bank. The…

UC Berkeley partners with Parity Technologies to bolster blockchain curriculum

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Blockchain infrastructure company Parity Technologies has joined forces with the University of California, Berkeley to strengthen the institution’s blockchain curriculum and promote adoption among students and the community.  For the 2020–21 academic year, Parity Technologies will work with UC Berkeley’s faculty and students in curriculum preparation, project ideas and other initiatives to strengthen the blockchain learning experience. Parity will also advise students and entrepreneurs looking to launch their next blockchain startup. The partnership centers around UC Berkeley’s Blockchain Xcelerator program, which launched in January 2019 to support new startups and…