Upbit’s main banker targets 2022 IPO amid massive crypto user on-boarding

Some South Korean banks appear to be enjoying the benefits of increased crypto involvement with K bank reportedly eyeing an initial public offering in 2022. According to a report by The Korea Times on Wednesday, K bank CEO Lee Mun-whan revealed that the bank would be profitable by 2022, paving the way for the public listing. K bank — South Korea’s first internet-only bank — is the major Korean won on-ramp for Upbit; one of the “big four” crypto exchanges in the country. The expected positive revenue turnaround for K…

Ethereum will become the main asset for investors in 2021

During the second half of 2020, we saw a growing interest in cryptocurrencies from institutional investors and big capital. However, all the attention of the whales, as well as all the attention of the public, was fixed on Bitcoin (BTC). Today, we will look at why Ether (ETH) is a more attractive asset and why this cryptocurrency should become the “first cryptocurrency” for every investor. Let’s start with the numbers: ETH’s growth since its March 2020 low after the coronavirus-induced market crash has been 1,200%, whereas BTC has only grown…

Bitcoin adoption is the main key right now, Novogratz says

Mike Novogratz, CEO of financial services firm Galaxy Digital, recently expressed his usual bullish Bitcoin sentiments on CNBC’s Squawk Box morning show. During the short segment, the show’s interviewer asked Novogratz about Bitcoin (BTC) in relation to gold. He noted that big players are seemingly buying crypto after selling their gold investments, with gold recently seeing an all-time high level of outflow. “I think it’s meaningful but it’s not the real story,” Novogratz said on Tuesday morning. “The real story is adoption of Bitcoin, adoption of crypto, across a vast variety of accounts,”…

Bitcoin price peak in December 2021 as ‘main bull run’ begins — Willy Woo

Bitcoin (BTC) is at the start of its next “main bull run” and the price peak won’t hit until the end of 2021, well-known analyst Willy Woo believes. In one of many recent Twitter discussions on Nov. 11, the creator of statistics resource Woobull produced fresh evidence that Bitcoin’s price gains are only just beginning. Woo: Bitcoin RSI “just warming up” Uploading a chart showing Bitcoin’s relative strength index (RSI), Woo noted similarities between the metric’s current behavior and that of early 2017. “Green circle denotes where we are in…

Tokenized BTC Crosses $1B Notional: Ethereum Cements Role as Bitcoin’s Main Sidechain

Years ago when the Bitcoin network started suffering from higher fees and congestion, a number of bitcoiners advocated the use of sidechains in order to relieve the main chain’s duties. However, they didn’t realize that the Ethereum network would solidify its role as Bitcoin’s main sidechain during the last year. Five years ago, bitcoiners relentlessly argued over scaling the Bitcoin (BTC) blockchain and a number of proponents said that sidechains and offchain solutions would help. Moreover, a number of solutions like Blockstream’s Liquid and the RSK network launched. Many supporters…

Sensitrust Started the Main Sale: AI and Blockchain for Smart Working Environments

The Sensitrust project aims to push Smart Working to the next level by exploiting Blockchain and Artificial Intelligence technologies. The platform will provide new mechanisms to facilitate smart working and allow the development of products and services by means of decentralized team. The platform will provide innovative safety measures and regulations based on AI and smart contracts to provide a secure and effective environment for the development of complex projects. Sensitrust will support three scenarios: the possibility to hire professionals from a catalog, the participation to an activity as a…

Traders say Bitcoin now faces 2 main scenarios: $16K or $9.6K — Here's why

As Bitcoin price corrects, traders debate whether BTC will visit $9.6K or $16K first. The price of Bitcoin (BTC) has declined by more than 6% in the last three days and with the $276 million CME Bitcoin futures expiry approaching on Aug. 28, traders are nervous that additional downside could be in store. Following Bitcoin’s rejection at $12,500, traders foresee two key scenarios playing out over the short term. Some technical analysts believe that Bitcoin is headed to either $16,000 or $9,600 first but the near-term outcome remains uncertain as…

Crypto Exchange BtcTurk Becomes Main Sponsor of Turkey’s National Soccer Teams

Major Turkish crypto exchange BtcTurk has become the main sponsor of both the women’s and men’s Turkish national soccer teams via an agreement with the Turkish Football Federation, Cointelegraph Turkey reported on Aug. 20. According to the official announcement, this 28-month long agreement purportedly makes BtcTurk the first cryptocurrency platform to sign a sponsorship with a national soccer team. Turkey’s national soccer teams don’t use sponsor logos on their uniforms, but a BtcTurk logo will be placed on players’ training jerseys, Cointelegraph has learned. Last year, BtcTurk struck a sponsorship…

Bitcoin Price Is in ‘Early Main Bull Phase’ Circa Q4 2016 — Willy Woo

Bitcoin (BTC) is copying what it did a year before its $20,000 all-time highs, and the new bull market has been here for over a year already. That was according to popular statistician Willy Woo, who this week shed further light on Bitcoin’s current price gains. Woo: Bitcoin “early main bull phase” began recently In a series of tweets on Aug. 10, Woo continued a debate begun by Bitcoin developer Jimmy Song, who himself debated the topic in the latest issue of his Tech Talk blog post series. “Yes. The bull…

Business Consensus May be Blockchain’s Main Challenge

During a Unitize panel on Wednesday, Ali Loveys commented that the biggest challenge in  the blockchain space is not the technology itself, but rather whether the business model or values make sense or not.  Dr. Ali Loveys, the Chief Privacy Officer at ConsenSys Health, has over 30 years of experience in emerging technology strategy, adoption, and optimization in healthcare. The insight she drew from her work experience was that:  “The challenges are always less about the technology, than about the business value and the people who are interested in using…