Month: May 2020

Speaking to Cointelegraph, the CEO of Ripple SBI Asia, Adam Traidman, predicted that the mining industry will continue to see hash rate migrate from east to west, asserting that he is already witnessing the transition begin. “We are seeing a huge interest [from][ wealthy Chinese miners who are paying somewhere on average of $0.03 to $0.05 per kilowatt-hour […] in Texas at $0.025 and below — in some cases way below,” Traidman stated. Tensions between American and Chinese miners However, Read more …

The aggregated cryptocurrency market has been struggling to spark a macro uptrend due to Bitcoin’s inability to break above $10,000 This has led it to form some heavy resistance just above its current market cap – with this level potentially being insurmountable in the near-term Analysts are also pointing to altcoins severe underperformance of Bitcoin in recent times, which could suggest that this potentially imminent market-wide decline will be brutal for smaller cryptocurrencies Bitcoin and the aggregated crypto market have Read more …

In the past three decades, the world has been witness to three extraordinary “black swan” events that served as structural crossroads for both societies and economies: the 9/11 terror attacks, the 2008 global financial crisis, and the COVID-19 pandemic. Nearly two decades ago, 9/11 unleashed brazen new escalations of state powers over individuals and monetary controls, all in the name of security from terrorism led by the United States and still reverberating around the globe. The 2008 economic meltdown caused Read more …

Blockchain game technology company, Enjin, announced that their plugin “EnjinCraft” is now available on the popular video game, Minecraft. According to the announcement made by Enjin, the blockchain plugin will allow players to integrate, trade, and use blockchain gaming items through the servers. By integrating blockchain technology, the company aims to make it easy to tokenize Minecraft items and thus incorporate them within the players’ servers. The plugin is based in Java, with some specialized functionalities like the integration of Read more …

Ethereum incurred some explosive momentum yesterday that allowed it to erase weeks of losses that it had posted against its Bitcoin trading pair. This latest movement has significantly bolstered its market structure, with ETH to rallying up to its local highs of $235 that were set several weeks ago. It still has quite a way to go before it reaches its yearly highs of $290. It is important to note that although it does seem to be overtly bullish, analysts Read more …

World’s top ecommerce firm, Amazon, filed a patent for a blockchain system that tracks goods as they move on the supply chain. Amazon’s patent — dated May 26 — describes a “distributed ledger certification” system. The document explains that the tracking solution would ensure that consumer goods that are sold on its ecommerce site are authentic. The abstract reads: “Features are disclosed for an interface for verifiable tracking of an item through a supply chain using a distributed electronic ledger.” Read more …

After Roger Ver posted a video of a Hong Kong vending machine accepting Bitcoin Cash (BCH) and not Bitcoin (BTC), trader and YouTuber Tone Vays claimed Ver paid for the vending machine to avoid accepting BTC. Ver denied such claims.  Ver demoed a Honk Kong vending machine accepting BCH Ver, an outspoken proponent of BCH, posted a May 29 video on Twitter of a Hong Kong vending machine accepting BCH, Litecoin (LTC), Ethereum (ETH) and Binance Coin (BNB) — but Read more …

The likes of Paul Tudor Jones and his hedge fund are now buying Bitcoin. Grayscale is scooping up over 150% of newly minted coins. Yesterday, a record number of Bitcoin futures contracts expired on the Chicago Mercantile Exchange better know as CME. Interest from these “smart money” investors and traders is soaring, and now, a technical analysis indicator dubbed as the “smart money indicator” has revisited its all-time high set back in December 2017, adding more credence to the theory Read more …

Advertisment The Federal Reserve System was created after the “Panic of 1907” and ever since its inception in 1913, the Fed is one of the most powerful modern central banks in the world. Moreover, the Fed has always been either celebrated or criticized for stepping in whenever the U.S. is stricken with some kind of fear. During the coronavirus outbreak, the central bank has unleashed a massive number of monetary easing tactics, which has prompted editors from Wikipedia to add Read more …

Bitcoin saw a sharp overnight rebound that allowed it to reclaim its position within the mid-$9,000 region This came about after a period of weakness as it traded within the lower $9,000 region It now appears that the crypto’s recent volatility has allowed it to form an incredibly bullish technical formation If it posts a breakout of this formation, the crypto could soon be trading at fresh yearly highs of around $12,000 Bitcoin and the aggregated crypto market have been Read more …

Selva Ozelli is an international tax attorney and regular contributor to Cointelegraph. She gives her expert opinion on a range of subjects, including how cryptocurrency and blockchain technology can both positively and negatively impact climate change issues. She is also an award-winning artist, and has recently curated the First Digital Climate Change Art Show. This show also features works by some of her fellow artists at Atelier Teymur Rzayev in Turkey. All of the works have been inspired by articles Read more …

Advertisment Prior to its halving, Bitcoin rallied up to nearly $10,000, but many analysts and traders believe that the current bull rally may be overextended. After May 11th, when Bitcoin halved its block reward, the coin dipped to $8,600 – $8,800 levels, but it managed to pick the pace back up and start rallying again to pass $9,000 levels. You want the latest news about Crypto? Then follow us on Google News! A top trader, JOE007, who lost $20 million Read more …