Month: July 2020

Strategyst Lyn Alden said she switched from “uninterested to quite bullish on Bitcoin” in 2020. Following the drop of BTC to sub-$3,600 in March, she remains optimistic on the top cryptocurrency. Alden, who found Lyn Alden Investment Strategy, wrote: “So, I’m neither a perma-bull on Bitcoin at any price, or someone that dismisses it outright. As an investor in many asset classes, these are the three main reasons I switched from uninterested to quite bullish on Bitcoin early this year, Read more …

Artificial Intelligence (AI) specialist Kneron announced the launch of its KNEO platform on July 16, combining edge AI devices with blockchain technology to create secure and private personal networks. The Kneron Neural-network Edge-AI Open platform also creates digital assets out of personal data which can be exchanged or sold to the corporations who want them. Blockchain-connected sensors create private network KNEO uses blockchain technology to connect a number of edge AI sensors or stems, such as cameras, microphones and thermal Read more …

Bitbns, an Indian exchange founded in December 2017 will be holding an IEO for its proprietary exchange token BNS on KuCoin Spotlight. According to the information provided by Bitbns, BNS has so far completed four rounds of pre-public sale within 20 minutes. The platform had earlier claimed that it will conduct an initial exchange offering after the BNS pre-sale. Bitbns is said to have chosen KuCoin after evaluating multiple global exchanges to conduct the BNS IEO. Since its launch in Read more …

Prominent online entrepreneur and the founder of blockchain-focused gaming firm Anomica Brands, Yat Siu, has likened the impact of cryptographic non-fungible tokens (NFTs) to the advancement of property rights in early-modern Europe. Speaking to Cointelegraph, Yat Siu compared the established gaming industry to feudal kingdoms — where “all the benefits flow to the lords and kings [who] get everything, and the peasants and serfs […] rent the land essentially.” “When the black plague happened, all these people died off in Read more …

Ethereum is retreating lower from the $245 resistance against the US Dollar. ETH is now showing bearish signs below $235, but the $230 support holds the key in the near term. Ethereum is currently facing an increase in selling pressure below $240 and $235. The price tested the $230 support level and it is currently correcting higher. There is a crucial bearish trend line forming with resistance near $235 on the hourly chart of ETH/USD (data feed via Kraken). The Read more …

The “Wolf of All Streets” Scott Melker has been unable to do anything more on Twitter than read or retweet more than 24 hours after the massive hack on verified accounts. In a livestreamed interview with Cointelegraph on July 15, the crypto trader said in the midst of the attack he had been unable to verify his account using two-factor authentication. Melker then briefly had full access to read, retweet and post for roughly an hour before having his account Read more …

Advertisment Bitcoin expects to undergo a significant rally as a top economist predicts an inflation bias after 12-18 months.The analogy comes after demand for inflation-protected bonds spike in the US, showing investors expect consumer prices to increase in the future.Bitcoin has shown higher adoption in countries with a higher inflation rate, a narrative that prompts some to see it as an alternative to fiat money. It has been a boring couple of weeks of Bitcoin as its price remains trapped inside Read more …

Japan is behind the curve on the establishment of a central bank digital currency and should throw its weight behind the United States establishing a digital dollar, says Takaya Nakamura, an executive from Japanese crypto exchange Fisco. The Japanese government is reportedly planning to include consideration of a central bank digital currency (CBDC) in its official economic plan soon but the country is considerably behind China’s efforts with the digital yuan.  In the global competition for supremacy in digital currencies, Read more …

Stellar (XLM) gained a strong bullish momentum and broke the $0.0980 resistance against the US Dollar. XLM price is showing bullish signs and it might continue to rise towards $0.1200. There was a sharp upward move from the $0.0880 support zone against the US dollar. The price broke the main $0.0980 resistance area and traded to a new monthly high at $0.1053. There is a key bullish trend line forming with support at $0.0950 on the 4-hours chart of the Read more …

Craig Jones, a Brazilian Jiu-Jitsu fighter based in Australia, has revealed he was one of the poor souls who missed out on the Bitcoin all-time high in 2017 after misplacing his coins. According to a July 16 post on the CoinJar blog, the 29-year-old former International Brazilian Jiu-Jitsu Federation World No-Gi Champion and two-time Abu Dhabi Combat Club Trials champion purchased Bitcoin (BTC) in 2015 when the price was roughly $200-400. However, he couldn’t cash in when the price topped Read more …

A surprise Coinbase listing has seen the price of Algorand (ALGO) spike by nearly 30% in less than 24 hours and pushed Algorand’s market cap to a new record high ($274 million at the time of writing). On July 16, Coinbase abruptly announced that ALGO trading had been launched on Coinbase.com and the exchange’s apps. Trade volume for Algorand increased by nearly four times since in response to the listing, comprising the third-strongest day of trade in ALGO’s history.  ALGO Read more …

Advertisment In this article, we look at why 2020 might be the best year to consider getting a crypto job as most of the world embraces remote work, especially in the tech industry. 2020 Is The Year Of Remote Work The pandemic has led to a shut down of several regular activities and an overhaul of life as we know it. Several companies have moved online due to the limit placed on public movements and the risk that it comes Read more …