“The actual context and state of content [on the internet] is going to be so different to anything we can envisage at the moment, where the interplay between the user and the provider will be so in sympatico it’s going to crush our ideas of what mediums are all about.” — David Bowie, BBC Newsnight 1999 Bowie was remarkably prescient on the impact the internet would have, not only within the creative industries but also on society at large. Read more …
The cryptocurrency market has been on an upswing ever since Black Thursday cut the asset class down to its knees around mid-March. After several consecutive weeks of positive price action, the TD Sequential indicator has issued a “9” sell setup across Bitcoin, Ethereum, Chainlink, and other top performing crypto assets. Total Cryptocurrency Market Cap Recovers 150% in 80 Days Ever since the Black Friday market collapse brought Bitcoin back down to under $4,000 briefly and further crushed altcoins, the asset Read more …
Advertisment Seeing as large gatherings are still out of the question due to the current outbreak, many crypto events will be hosted online for a while. If you are interested in participating in an online crypto event, keep on reading our list. Below are the top crypto events that will take place online in June: You want the latest news about Crypto? Then follow us on Google News! Mainnet Event date: 1- 3 June 2020 Launched by Mesari, Mainnet is Read more …
Decentralized application (DApp) platform Matic Network (MATIC) has successfully launched its mainnet following two and a half years of development. A June 1 blog post published by Matic notes that mainnet will be deployed over a series of phases to “ensure that the mainnet deployment and validator onboarding is achieved as smoothly as possible.” “More impantly, it ensures that right from day 1 that DApps are able to deploy their products successfully on Matic,” the post adds. MATIC crashes 20% Read more …
Despite major volatility caused by the halving, Bitcoin has ended yet another Q2 in the green. After showing poor performance in Q1 being down 10% QoQ, Bitcoin closed the year’s second quarter with a price increase of 48.56 percent. Bitcoin Finally Gets Out Q1 Rut The economic downturn caused by the COVID-19 pandemic has left the crypto industry in shambles in the first three months of the year, losing over $74 billion in market cap in a single week. The Read more …
Riots breaking out across the United States over the last several days have caused uncertainty to return to financial markets. Stock futures this weekend plummeted, while investors rushed to gold for its safe-haven like qualities. However, the recent riots highlight why Bitcoin is a far better safe haven than the precious metal ever could be. Riots Incite Gold Rush, Weakening US Dollar Sparks Flight To Safe Havens As the virus outbreak across the United States begins to slow, protests, riots, Read more …
The post Bitcoin News Summary – June 1, 2020 appeared first on 99 Bitcoins. Barry Silbert’s Grayscale Bitcoin Trust has been accumulating more than the daily Bitcoin supply since the halving. More than 12000 BTC have been mined since the halving, whereas Grayscale has purchased almost 19000 BTC since that event. Prominent Bitcoiner, Tyler Winkelvoss, took to Twitter to call out investment bank, Goldman Sachs. A day before, Goldman […] read whole article Source
According to a June 1 announcement, Travala.com also saw its monthly revenue increase by 205% in May compared to April. Still, while the platform is seeing more traction compared to April, May also saw a 60% decrease in room nights booked compared to March. Travala.com sees bookings surge as travel restrictions are lifted Juan Otero, Travala.com’s CEO, told Cointelegraph that the platform is seeing more use as the rest of the travel industry. He explained that domestic travel is seeing Read more …
Advertisment The price of bitcoin and a number of cryptocurrencies have been sliding downward in value during the last 72 hours, after bitcoin touched a high of $9,700 on May 30, 2020. On Monday, June 1, the price is up 0.06% and trading for $9,578 per coin during the morning trading sessions. The market capitalization of the entire cryptocurrency ecosystem is around $270 billion while 24-hour trade volume for all 5,000+ coins is $22 billion. Crypto Value’s Slide After Briefly Read more …
As Bitcoin (BTC) has been consolidating recently, many majors have been showing strength with double-digit movements. For instance, Ethereum’s Ether (ETH) rallied from $195 to $245, while Cardano (ADA) rallied with 65% in the recent week. However, some relatively large altcoins are lagging heavily, and two of them are XRP and Stellar Lumens (XLM), the third and 13th cryptocurrencies by market capitalization, respectively. So what’s next for them? Crypto market daily performance. Source: Coin360 One billion XRP being dumped on Read more …
The price of Bitcoin (BTC) could rise to as high as $12,000 within the next month, some traders say. Predictions for an extended uptrend emerged as the dominant cryptocurrency steadied amid declining volatility for about five days. Historically, Bitcoin tends to see large price movements following a long period of stability. For over 100 hours, the price of Bitcoin remained in a 2% range, which is an abnormally low level of volatility for BTC. Why are analysts saying $12k is Read more …
Headlines From the Year 2030 Goldman Sachs stocks were down again today, closing 13% lower as the ailing behemoth was slapped with another trillion-dollar fine for its role in the Student Talent Untapped Potential Indemnified Debt (STUPID) meltdown. STUPIDs were undercollateralized ‘guaranteed’ debt swaps which duped investors into buying student loans against future graduate incomes. The student debt crisis unfolded as the mass strategic bankruptcy among university graduates brought the economy to its knees. Indebted students across the country were Read more …