Month: October 2020

The rising energy demand of proof-of-work cryptocurrencies such as Bitcoin (BTC) has been a hotly debated topic. But the 3rd Global Cryptoasset Benchmarking Study by the University of Cambridge shows that 76% of cryptocurrency miners use electricity from renewable energy sources as part of their energy mix. The study found that over 39% of the total energy consumed by PoW cryptocurrencies including Bitcoin, Ether (ETH), Bitcoin Cash (BCH) and others comes from renewable energy sources.  This is in contrast to Read more …

US lawmakers are intensely discussing a new stimulus package that could cost between $2.2 trillion and $2.6 trillion. The bill could be voted on this week as talks between House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin heat up over the content of the bill. New Stimulus Bill: Final Effort for Economic Relief Aid Pre-Presidential Election The discussion of the new stimulus bill unveiled on Monday by House Speaker Nancy Pelosi is heating up as lawmakers hope to pass Read more …

US lawmakers are intensely discussing a new stimulus package that could cost between $2.2 trillion and $2.6 trillion. The bill could be voted on this week as talks between House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin heat up over the content of the bill. New Stimulus Bill: Final Effort for Economic Relief Aid Pre-Presidential Election The discussion of the new stimulus bill unveiled on Monday by House Speaker Nancy Pelosi is heating up as lawmakers hope to pass Read more …

It’s been quite the boring past four weeks for the Bitcoin market. The cryptocurrency, after suffering a strong plunge at the start of the month, was largely rangebound between $10,000 and $11,000 over September. Despite the lack of strong price action, not all hope is lost for Bitcoin bulls. In fact, many analysts remarked at the time of the candle close that the cryptocurrency is actually in a good long-term position. Here’s why they think so. Related Reading: MicroStrategy’s Stock Continues Read more …

Bitcoin has embarked on a spectacular rally over the past few months. After bottoming in the $3,000s in the March, the asset surged as high as $12,500. Bitcoin currently trades for $10,700, still far above where it was in the March crash. A fractal predicts that the asset may soon undergo a strong bearish reversal. This comes in spite of on-chain trends that suggest the proverbial Bitcoin ball is in the court of bulls. Bitcoin Fractal Predicts a Strong Correction Read more …

It is not a secret that most of the existing cryptocurrencies have plenty of shortcomings preventing them from being used as the absolute replacement to traditional financial instruments and legacy systems that manage these instruments. However, that is bound to change as blockchain technology is relatively new and continues to evolve through updates to existing protocols and the development of entirely new projects. One such successful attempt to create a crypto ecosystem is YUSRA Global, a platform built on Waves Read more …

In this text, we’ll explain how to exchange bitcoins for money in the safest and most favorable way. Here, we’re about to elaborate a few ways that will answer the question of how to turn bitcoins into money, and it’s up to you to choose the one that suits you best. All these ways have their advantages and disadvantages, and we’ll write about what to pay extra attention to. If you’re interested in buying bitcoins, see how Bitcoin prices change Read more …

Bitcoin was firm in the early Thursday trading session as new signs of progress emerged in negotiations over the second coronavirus stimulus. The Donald Trump administration agreed to increase the size of the aid to $1.5 trillion – a trillion-dollar higher than their previous proposal. Steven Mnuchin, the US Treasury Secretary, confirmed in an interview with CNBC that a bipartisan group, known as the “problem solvers caucus,” backed the Republicans’ proposal. You want the latest news about Crypto? Then follow us Read more …

Ripple is holding the key $0.2380 support zone against the US Dollar. XRP price must climb above $0.2450 to increase the chances of an upside break above $0.2550. Ripple is likely forming a crucial breakout pattern with support near $0.2380 against the US dollar. The price is now trading near the $0.2420 pivot level and the 100 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $0.2450 on the 4-hours chart of the XRP/USD Read more …

The Australian Securities Exchange will delay its blockchain-based CHESS replacement after huge trading volumes due to the pandemic required a massive expansion of capacity. The DLT- based system had been scheduled for official trials in December, with a planned launch window of early 2022. At its annual meeting this year, ASX chief executive Dominic Stevens told shareholders they were looking to triple the capacity of its planned DLT system based on the surge in trade volumes seen earlier in March. Read more …

1th October 2020, Belize City, Belize: With new exchanges cropping up, trading becoming ever-more popular, and the interest in Crypto and DeFi rising by the day, the trading market has been crying out for something special to hit for quite some time. That moment comes now, as DueDEX releases news of its zero-fee LINK/USDT perpetual swap trading. This means that no trading fee or monthly membership fee will be charged for either takers or makers, and it’s unconditional and permanent. Read more …