Tag: Organic

Bitcoin forks BCH, BSV and XEC soared last month, but are the gains organic and sustainable?

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The start of June saw negative price action across the cryptocurrency market after the U.S. Securities and Exchange Commission (SEC) brought fresh lawsuits against the world’s largest exchanges, Binance and Coinbase. However, the sentiment quickly turned bullish after a crucial exchange-traded fund (ETF) proposal was filed by the world’s largest asset management firm, BlackRock, on June 16. A wave of ETF fillings and institutional trading interest in digital assets followed BlackRock’s ETF filling. The launch of EDX Markets — backed by Wall Street giants Fidelity Investments, Citadel Securities and Charles Schwab —…

Bitcoin Lightning Network growth is organic, coming from real-world adoption

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The capacity of Bitcoin’s Lightning Network (LN) recently surpassed an all-time high of 5,000 Bitcoin (BTC).  The Lightning Network is a neutral protocol built on top of Bitcoin, and it currently does not have a “native” token attached to it like many decentralized finance (DeFi) platforms. Although the Lightning Network’s total liquidity is less than 0.5% of the Ether (ETH) in DeFi contracts, the uptrend in Bitcoin’s LN capacity versus a downtrend in the amount of ETH locked in smart contracts is encouraging for LN development. Total ETH locked in…

IHS Markit Reports 3% Organic Growth in Revenue in Q1 2021

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IHS Markit highlighted the operating performance in some of the company’s segments including Financial Services, Transportation, Resources, and Consolidated Markets & Solutions. Financial services company IHS Markit Ltd (NYSE: INFO) has released its earnings results for Q1 2021, which ended on the 28th of February. In the result published on the 23rd of March, the company said revenue in Q1 2021 was $1.120 billion, with 3% total organic growth. IHS Markit’s CEO and chairman, Lance Uggla, expressed his excitement over the earnings result. The CEO said that the company is pleased…

Most ‘organic’ Bitcoin pump in years — trader explains why a blow-off top is unlikely

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Despite Bitcoin’s (BTC) steep rally in November, the price is consolidating above $15,000 as on-chain analyst, Willy Woo says a blow-off top is unlikely for three main reasons. The three factors are the growing outflow of funds from exchanges, increase in “HODLers,” and data showing that investors already took profit. Bitcoin is moving from exchanges to individual wallets According to the data from Glassnode, a large amount of Bitcoin has been moving out of centralized exchanges in late October. Woo says this metric is optimistic because it shows investors are transferring funds from…

Organic growth? Bitcoin SV activity up 761% ahead of BSV conference

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Active addresses and transaction counts on the Bitcoin SV network saw unbelievable growth in the two days leading up to the CoinGeek Live conference in New York this week. Active BSV addresses grew from 110,000 on September 28, to 947,400 addresses today. That’s an astonishing growth rate of 761%, in just two days leading up to CoinGeek Live, which kicked off on September 30 at 9am New York time, and will run until October 2. The spike in active addresses raised eyebrows on Crypto-Twitter. Bitcoin SV and Craig Wright antagonist…

USDA Proposes Blockchain Ledger for Organic Product Supply Chain

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The U.S. Department of Agriculture has proposed amending its rules on organic products to include implementing blockchain technology to trace its supply chain. According to an Aug. 5 report from the U.S. Department of Agriculture (USDA) Agricultural Marketing Service (AMS), the agency said it expects electronic tracking systems, including digital ledger technology (DLT), will play an “essential role” in the traceability of its supply chain of organic products. “DLT can provide secure, verifiable, transparent, and near-instantaneous tracking at the item level in complex supply chains,” the report stated. “Critically, DLT…

EOS Price Pumps after Mainnet Release, But Is This Rally Organic?

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The EOS price rallied 16 percent on Saturday following the release of the blockchain project’s open-source mainnet software, but there’s more to this pump than first meets the eye. EOS Price Makes Market-Leading 16 Percent Rally Today’s EOS price surge came as part of a wider market rally, but the token nevertheless managed to outpace every other cryptocurrency ranked in the top 100. EOS spent most of the day trading just over the $12.00 mark but began to surge at approximately 6:15 UTC on Saturday morning. Within hours, the EOS…