BTC’s recent bullish run is swaying the haters into believers as a once anti-BTC billionaire CEO surprisingly acquires 17,000 BTC in an overnight U-turn! We have all seen our fair share of reports covering millionaire and billionaire investors snapping up large quantities of cryptos, but the most recent BTC scoop by MicroStrategy (MSTR), a public company floated on the NASDAQ, is no ordinary story because it is not the size of the acquisition that is the main headline here! The CEO of MicroStrategy and author of The Mobile Wave is Michael Saylor – someone that was once openly opposed to the entire concept of cryptocurrencies. Of course, his criticism of BTC on his Twitter account a few years back was big news and rightly so because being an owner of a multi-billion company and making such bold claims tends to […]
VANCOUVER / SEPTEMBER 25, 2020 — Blockparty—the New York-based rare digital collectibles marketplace that launched last month to foster more meaningful fan engagement for artists, musicians, and sports teams—today announced a partnership with Dapper Labs, the company behind CryptoKitties and NBA Top Shot, who will bring Blockparty onto Flow, their user-centric blockchain built for mainstream adoption. Digital collectibles offer an alternative form of engagement to the in-person experience of art shows, concerts and games, and help artists and athletes incentivize long-term relationships with their fans. By showcasing their work in Blockparty’s digital collectibles marketplace, content creators can access new initial and recurring revenue streams and gain access to new markets of fans. They can also expand their creative mediums and branded assets into digital and mixed reality, and create more integrated fan experiences. Using this curated digital collectibles marketplace, fans […]
Bloomberg cryptocurrency analyst Mike McGlone says bitcoin is greatly undervalued, suggesting that its fair value price should currently be somewhere around $15,000. The price of bitcoin (BTC) has see-sawed between $10,000 and $12,400 over the last few weeks, often tumbling sharply following what one pundit described as “fake” breakouts. The latest rout saw BTC crash more than 8% within days from over $11,000 to $10,100. At Press time, each bitcoin is trading for $10,695, up nearly 2% in the last 24 hours. McGlone, a senior commodity strategist at Bloomberg, based his arguments on various factors, including bitcoin’s rising hashrate, which continues to hit new records, industry media report. The Bitcoin hashrate continues to increase and recently reached new highs. Also advancing are addresses used. A top metric for adoption, the 30-day average of Bitcoin addresses is equivalent to the price […]
Bitcoin cash price is currently recovering from the $200 support zone against the US Dollar. The price is facing a few important hurdles near $220 and the 55 simple moving average (4-hours). There is a connecting bearish trend line forming with resistance near $218 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair could either rally above the $220 resistance or reverse back towards the $200 handle. Bitcoin cash price is holding the key $200 support zone against the US Dollar. BCH/USD could struggle to recover unless there is a clear break above the $220 resistance. Bitcoin Cash Price Analysis This week, bitcoin cash price extended its decline below the $230 support against the US Dollar. BCH price even broke the $220 support level to move into a bearish zone. There was also a close […]
This week Bitcoin Cash fans have been discussing the milestone of over 10,000 Simple Ledger Protocol (SLP) tokens created since the infrastructure was first introduced. Moreover, tokens built on Bitcoin Cash are nearing 1 million transactions to-date. Bitcoin Cash (BCH) community members have noticed there are now 10,679 SLP tokens created since the Simple Ledger Protocol’s inception. The discussion concerning the SLP milestone took place this week on the popular Reddit forum r/btc. In addition to the 10k+ SLP tokens created, the number of transactions is nearing 1 million. Bitcoin.com token data page indicates there’s been 960,346 SLP-based transactions. Statistics show 2,250 SLP transactions were recorded in the last 24 hours. Currently, the top five most popular tokens in the last 24 hours have been Refund Token, Mistcoin, MAZE, Spice, and Zapit. However, 30-day stats show the top five SLP […]
The total value of stablecoins has now surpassed $20 billion, reflecting the growing demand of investors looking to hedge their risks in both crypto and traditional markets amid the coronavirus pandemic.
Large Makerdao holders decided not to compensate the victims that were liquidated during the unexpected flash crash that took place on March 12, otherwise known as ‘Black Thursday.’ An aggregate total of 38 votes was cast and more than 65% of the governance portal participants voted for zero compensation. The day after March 12, otherwise known as ‘Black Thursday,’ the Makerdao project made headlines after between $4 to $6 million worth of the stablecoin DAI was left underwater due to an auction failure. A vote held this Tuesday indicates that the Makerdao project doesn’t plan to compensate any of the victims from the black swan event on March 12. The vote had a few options that would pay victims a percentage of the losses, and one option that called for zero compensation. Out of the 38 votes, over 65% voted […]
Mirror Trading International (MTI) – a cryptocurrency investment company – has been accused by Anonymous ZA, a South African research group, of being a fraudulent firm and potentially looking to scam people out of their digital funds. MTI: We Will Be Pursuing Legal Action MTI is now fighting back and claiming that the company’s alleged findings – which have all been compiled into a recent report – are not only false, but are designed specifically to slander the company and are not backed up by any proof or facts of any kind. MTI is not taking kindly to the accusations and says it is planning to file a lawsuit against Anonymous ZA. The report suggests that the enterprise is hiding behind a crypto façade and looking to pull off a multi-level scam while allegedly offering people a chance to invest […]
The world’s largest auction house, Christie’s, will be presenting Bitcoin artwork for the first time. Block 21 of “Portraits of a Mind,” an art project showcasing the original Bitcoin code by Satoshi Nakamoto, will include a painting and a unique digital non-fungible token. Bitcoin Artwork Arrives at Christie’s Robert Alice, a blockchain art project, announced Wednesday the sale of a key artwork in the series entitled “Portraits of a Mind” at Christie’s, the world’s largest auction house. Portraits of a Mind is “a global art project to decentralise the founding code behind Bitcoin into 40 fragments,” its website describes. “With 40 paintings stretching more than 50 meters long,” this work of art forms “a complete hand painted transcription of the 12.3 million digits of code (v0.1.0) that launched Bitcoin,” the announcement details, adding that this artwork is the largest in […]
Michael Saylor – the CEO of MicroStrategy, which recently purchased more than $400 million in bitcoin – has stated that holding BTC is far less risky than holding cash or even gold. Michael Saylor Is Clearly a Fan of BTC This is an interesting statement to make as over the last several years, bitcoin and crypto – despite being designed as tools for purchasing goods and services – have been considered far less stable than traditional assets such as stocks and gold, and nowhere near as strong as fiat currencies. For the most part, assets like bitcoin have remained largely speculative due in part to its volatility, as well as other serious factors. Many stores refuse to accept crypto payments for merchandise given that the price of such a coin can fall easily and quickly overnight. We’ve been witnessing it […]
A growing number of organisations across multiple industries have expressed interest in adopting blockchain technology in their operations. This increasing desire is driven by the will to leverage the benefits of this technology that have been increasingly publicised. Blockchains can help organisations improve efficiency, streamline operations, enhance speed, and cut costs among other benefits. The concerted efforts to raise awareness about the importance of blockchain technology and mounting interest from organisations have, however, failed to materialise into widespread adoption. Businesses are finding the adoption and integration of decentralised technology in operations to be rather difficult. The technical nature and sheer complexity of this novel technology is becoming a major bottleneck hindering its widespread adoption. However, this should not be a problem for much longer. The blockchain community is determined to develop solutions for such challenges to ease the technology’s adoption […]
Bitcoin is presently trading for about $10,500, which is roughly $100 more than where it’s stood over the past few days, but it’s not quite where we’d like it to be. The fact is that bitcoin hit $11,000 again about 72 hours ago and has failed to keep up that momentum. Bitcoin Is Struggling as of Late There are many things that appear to be affecting bitcoin, one being the correlation between it and the stock market. As stocks are taking massive tumbles, bitcoin is also suffering, and so long as company shares continue to drop, the bitcoin market is going to remain in a bearish state. There’s also the current political scene. As we all know by now, 2020 is an election year. There is just a little over a month left to go before America selects its next […]
MakerDAO has voted not to compensate victims of the “Black Thursday” flash crash, a former Pantera partner is launching a new crypto-focused fund and bitcoin may be headed to the doldrums as the U.S. dollar rises.
Aspire Technology, developer of the Aspire digital asset creation platform, today announced the closing of both a $1.175 million equity round and, shortly thereafter, a $1.23 million private token presale for a total of more than $2.4 million of new capital, according to Aspire technology chairman, Michael Terpin, who led the company’s pre-seed $260,000 equity funding round in 2017 through his bCommerce Labs incubator fund. The equity round in Aspire Technology, Inc. was led by German blockchain fund Foeckersperger Ventures, GmbH, and individual accredited investors. The private token presale, which excluded US persons, was conducted in Bermuda and was led by Cayman Islands registered digital currency fund, Alphabit Fund. “Once consumers see how easy and inexpensive it is to create a digital asset with Aspire, everyone who has a social media presence, personal blog or small business will realize they […]
After reaching an all-time high of $19.20 on August 14, the Chainlink token now trades lower after losing more than 50% in value in just over a month. The token, which briefly overtook Bitcoin Cash as the fifth-ranked crypto in market capitalisation terms, was ranked 9th on Markets.Bitcoin.com at the time of writing. On the surface, the token’s fall appears to be in sync with the rest of the crypto market, which has been dropping since Monday, September 6. Yet opponents of Chainlink insist there is more to Link’s fall than just the current bearish market trends. They point to the magnitude of the token’s fall when compared to other Defi related projects in the past 30 days. In August, one prominent Chainlink opponent and Twitter user, Cryptowhale argued that the price of Link “had shot well beyond its intrinsic […]
Storj Labs today announced an integration with NEM to accelerate sync times for the NEM Symbol platform, improving the performance of connecting new nodes to the network, and analyzing blockchain data. The solution—which was built by NEM partner IoDLT—leverages the native MongoDB integration that allows users to easily store data on the Tardigrade decentralized cloud storage service. IoDLT specializes in creating an affordable internet of things (IoT) solution that leverages the power of the NEM blockchain. IoDLT operates a Symbol node and the team noticed that as blocks are added, which increases the amount of data on the blockchain, it becomes increasingly difficult to sync a full node in a reasonable amount of time. To solve this problem, IoDLT configured MongoDB snapshots to be sent to Tardigrade, making it much faster to quickly rehydrate Symbol’s API state to any location […]