Bitcoin fell by $800 on Wednesday while still keeping a bullish mood. The biggest daily fall in three months trapped the bulls leaving investors anything but pleased. The currency faced rejection near $10,300 during the US trading hours, which fell by $800 to near $9,300. Eventually, BTC faced the biggest single-day drop since November 21 …
Bitcoin Plummets, but Maintains a Bullish Attitude Read More »
The first few weeks of February saw China launch 20 blockchain-based applications to combat the coronavirus. The technology helps manage medical data, check supplies, and consult the public of new updates about the epidemic. The apps also manage personal data as more workers head back to work in the country. Blockchain allows local authorities to …
China Launches Blockchain Apps to Combat the Coronavirus Read More »
Bitcoin (BTC) might move higher in the coming weeks due to two major daily moving averages heading for a collision. This occurs when a short-term moving average (MA) crosses above a longer-term one, usually the 50-day and 200-day MAs. The last time this happened was in April 2019. The top cryptocurrency’s price surged 175 percent …
Investors are reaching to the top cryptocurrency by market value as a safe haven amid economic fears over the coronavirus. Bitcoin just bounced back to trade at $10,335 after rising above the five-digit mark earlier in the week. The cryptocurrency’s been highly volatile these days, but it remains below its all-time high in 2017. Bitcoin …
As Coronavirus Spreads, Investors Push Bitcoin to $10,335 Read More »
Indeed, Bitcoin (BTC) just reached five digits. The top cryptocurrency just crossed $10,000 to print a high of $10,176 in early hours, the highest since October. Fundamental investment activity is backing the breakout, said the partner at Adaptive Capital Willy Woo. The figure appears sustainable with the improvement on on-chain fundamentals. The surge increased the …
Bitcoin Breaks $10,000 After Three Months Down Low Read More »
Lightning Labs just raised $10 million with major investors to enhance the potential of bitcoin to become a global currency. Managing Director Brian Murray believes its proposed paid service can become similar to Visa’s business model. According to Murray, Lightning can bring more speed and fee efficiency to the fiat currency network. The firm released …
Lightning Labs: Preparing to be Bitcoin’s First Visa Read More »
As part of ConsenSys’ transition into focusing on its Investments portfolio, the Ethereum firm plans to reduce its headcount by 14%. However, the company didn’t confirm how many people would get affected by the cut. Immediately after the layoffs, ConsenSys plans to prioritize the development of some Ethereum ecosystem’s leading infrastructure platforms. It will then …
Ethereum Studio ConsenSys Lays Off 14% in Shifting Focus Read More »
“Crypto enterprises failed because they utilize systems to provide suspicious services,” said crypto software developer Lukka CEO Jake Benson. Both Lukka and its rival Verady, announced they received System and Organization Control (SOC) confirmation on January 21. This shows that both companies are willing to address each other’s failures. SOC is a set of standards …
Crypto Agencies Get Competitive in Trust and Options Read More »
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