Coinbase published a report arguing that disruptions during the pandemic highlight Bitcoin’s advantages over gold. A report published by leading U.S.-based crypto exchange, Coinbase, has argued that Bitcoin (BTC) offers a distinct advantage over gold. They state that Bitcoin is afforded these advantages by its lack of dependence on physical supply chains. While the report’s […]
Continue ReadingDoes Binance’s venture into mining threaten the integrity of blockchain systems? This week marked the launch of Binance Pool, a mining platform powered by one of the world’s largest cryptocurrency exchanges. Coming less than a month after Binance’s CEO Changpeng Zhao confirmed rumors of this forthcoming addition to his brainchild company’s product family, the announcement […]
Continue ReadingBitcoin just flashed a TD9 sell signal on the daily timeframe and a confluence of factors are likely to lead to a post-halving sell-off. The Bitcoin (BTC) price rose to as high as $9,065 on May 1, after peaking at $9,481 the previous day. The 35% increase in the price of BTC within nine days […]
Continue ReadingOmise Holdings, parent company of OmiseGo, now goes by the name SYNQA. Asian fintech company Omise Holdings, now goes by the name SYNQA. “Forging into 2020, this new corporate identity reinforces their position as a holding company with a portfolio of companies and as the go-to partner in Asia for all fintech and innovation matters,” an […]
Continue ReadingWhile Localbitcoins trade volumes have receded globally since the platform’s KYC overhaul last year, Latin American trade has continued to surge. Amid declining global volume, Localbitcoins.com continues to comprise a hub for Latin American peer-to-peer (P2P) trade — with Argentina, Chile, and Venezuela posting record volume over recent weeks according to Coin.dance. This past week […]
Continue ReadingTo gain transparency and consumer safety, the food-processing and meatpacking plants are implementing blockchain technology to their operation services. COVID-19 continues to wreak havoc, with United States meat producers being the latest victims of the pandemic in a “cascading series of events,” including shutting down of the food service sector, universities and school lunch programs, […]
Continue ReadingBitcoin price has hit significant resistance at $9,500 putting the pre-halving rally in jeopardy with 10 days to go before the event. Investors in Bitcoin (BTC) have seen a tremendous week, as the price of the top-ranked cryptocurrency rallied from $7,500 to $9,500. A rally of $2,000 in just a matter of a week. Is […]
Continue ReadingThe judge presiding over a class-action lawsuit targeting the executives behind the OneCoin Ponzi scheme has allowed the case to proceed. Judge Valerie Caproni lifted the stay on a class-action lawsuit brought against the notorious crypto Ponzi scheme OneCoin 12 months ago. An order signed by the New York District judge mandates that all parties […]
Continue ReadingPerformance since February currently circles 0.6% gains, providing proof that Bitcoin really can preserve wealth in a crisis, says Travis Kling. Bitcoin (BTC) has in fact functioned very well as a store of value before the coronavirus crisis, raw data suggests. In a Twitter discussion on May 1, Travis Kling, head of crypto hedge fund […]
Continue ReadingThe DeFi sector will continue to grow in the future despite the difficulties that the industry has faced since the beginning of 2020, but be careful by choosing whom to trust. Decentralized finance, or DeFi for short, became a buzzword in 2019 following the valuations of MakerDao and Compound after both companies raised sizable rounds […]
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