Huobi Becomes First Major Exchange to Run a Chainlink Node

Major cryptocurrency exchange Huobi will integrate their price data with Chainlink’s ecosystem in an effort to improve its own data integrity and provide more accurate price information. While Binance was the first major exchange to provide their data to Chainlink oracles in October 2019, Huobi has gone one step further by running its own node on the system through Huobi Wallet. This allows the exchange to sign its own price data allowing users to confirm that any exchange data coming from the Huobi Node is authentic and direct from the…

Bitcoin Has Only Had One Other Rounded Top, And a Major Correction Followed

If the current price action is a top formation, then it doesn’t match the sharp spikes Bitcoin and blow-off tops the cryptocurrency is known for. Only one other time has a comparable rounded top formation appeared on BTCUSD price charts over the last ten years. And when it happened, a major correction followed. Should the first-ever cryptocurrency fail to pump soon and prove this trading range isn’t a top, then another collapse could be next. When Will The Confusing, Sideways Trading Range End and Crypto Break Out? The current Bitcoin…

Major Economic Data Releases Tomorrow — How Would Bitcoin Respond?

Bitcoin has started the third quarter mutely as its price fluctuates in a small $6-range. The cautious sideways movement surfaces ahead of the U.S. Non-Farm Payrolls (NFP) report releasing on Thursday. Observers expect a recovery of at least 3 million jobs in June, a piece of news that may help the S&P 500 and Bitcoin continue its rally into the new week. The price of Bitcoin on Wednesday rose modestly, signaling that the cryptocurrency will start the third quarter on a cautious note after closing the previous one more than…

Four Major Industries Evolving Through Blockchain

We live in a dynamic world, one that is constantly changing as a result of man’s ingenuity and advancements through technology. These changes are now accelerating exponentially since the dawn of the Fourth Industrial Revolution and the explosion of disruptive technologies – AI, VR, IoT, and of course Blockchain.   Of all the technologies recorded in recent times, blockchain technology seems to be changing the narrative for world industy, in ways that are worthy of exploration.   The Beauty of Blockchain Technology    Blockchain technology is a cryptographic technology that…

Exponential Growth: Bitcoin’s Trading Volume Could Rival Major Asset Classes

Bitcoin’s trading volume has experienced exponential growth which could reach levels similar to major asset classes, according to a new report by Coin Metrics. The cryptocurrency’s daily volume could exceed that of all U.S. equities in less than four years and all U.S. bonds in less than five years, the analysis shows. Bitcoin’s Volume Growth Could Match Stocks and Bonds Cryptocurrency data provider Coin Metrics published its new State of the Network report (Issue 53) Tuesday that focuses on analyzing bitcoin’s trading volume. Coin Metrics estimates bitcoin’s free-float market capitalization…

Hard Fork Sets Stage for Ethereum Classic’s Second Major Departure From Ethereum

Trail partners Ethereum and Ethereum Classic are soon to split ways, highlighted by the latter’s successful “Phoenix” hard fork Sunday night. Executed at block 10,500,839 on May 31, the backwards-incompatible network upgrade makes Ethereum Classic fully compatible with Ethereum. That is, until the larger blockchain swaps its consensus algorithm in a network overhaul known as Eth 2.0 – tentatively scheduled for Q3 2020. The hard fork represents a major departure for Ethereum Classic, which is sticking with Proof-of-Work (PoW) while its sister chain moves to Proof-of-Stake (PoS) and sharding. Read…

Analysts Eye $20,000 Bitcoin as Price Breaks Major Resistance

Bitcoin leaped over $10,000 in Monday trade as a weakening dollar sentiment sent risky assets higher. The cryptocurrency corrected lower in the early morning Tuesday but signaled strength amid an optimistic macro outlook. Top analysts further predicted the rally to continue, with popular crypto commentator, Ivan Liljeqvist, forecasting a $20,000 price prediction. Bitcoin was among the best-performing assets heading into the new week. The cryptocurrency rose by almost $1,000 in less than 12 hours on Monday, leaping over a crucial resistance level sitting at $10,000. The surprising rally surfaced as investors…

Samson Mow’s Infinite Fleet Game 2020 Launch Backed by Major Players

Prominent Bitcoin figures are working together to ensure the alpha release of Pixelmatic’s Infinite Fleet space adventure game is launched by the end of 2020. Infinite Fleet, under the leadership of Blockstream Chief Strategy Officer and Pixelmatic Chief Executive Officer (CEO) Samson Mow, is being backed by major crypto players like Litecoin (LTC) founder Charlie Lee, WhalePanda, “the father of cryptocurrency” Adam Back, former Bitfinex Chief Strategy Officer (CSO) Phil Potter, Max Keiser, and others. Some of them will even have their likenesses used for characters in the game. In-game…

Xbox Just Unveiled a Major Series X Surprise – And Trust Us, It’s Epic

Microsoft shared new details about the backward compatibility features of the Xbox Series X. The console automatically adds HDR support to backward compatible games and improves frame rates up to 120 FPS for some titles. These improvements even affect games developed for the Xbox 360 and the original Xbox console. Today, Microsoft shared new insights on the backward compatibility features of the upcoming Xbox Series X, with one major game-changing surprise. Faster Load Times, Better Resolution Microsoft revealed that games not only play better on the Series X thanks to…

Bitcoin Must Break $9,100 To Avoid A Major Downtrend: Here’s Why

Bitcoin is currently correcting higher from $8,645 against the US Dollar. BTC price needs to clear the $9,100 resistance area to start a strong upward move and avoid a major downtrend. Bitcoin is facing a couple of key hurdles near the $9,000 and $9,100 levels. The price must settle above the 100 hourly simple moving average to avert more losses. There is a key bearish trend line forming with resistance near $9,050 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could resume its decline…