After a strong bounce from key support levels, many cryptocurrencies are now struggling to break above the 20-day EMA. The Dow Jones Industrial Average had its worst first quarter on record. Compared to that, Bitcoin only fell about 10% over the same period, which shows clear outperformance. The resilience of Bitcoin (BTC) in the current […]
Continue ReadingCovantis, a blockchain agritech project run by agribusiness giants like Cargill, is officially established in Geneva and appoints CEO. Covantis, a blockchain agribusiness initiative backed by major industry company ConsenSys, has taken another step towards transforming global trade and supply chain operations. Backed by global agribusiness giants like Cargill and Bunge, Covantis has been officially […]
Continue ReadingWhile a 29% drop in Bitcoin’s hash rate might be due to the miners’ capitulation, analysts point to other factors that could have had a bigger impact. The Bitcoin (BTC) network hash rate took a steep dive on March 26, dropping by a whopping 15.95%, which is a 45% sink from its peak highs of […]
Continue ReadingDespite March 12 hosting a record daily drop in the price of Bitcoin, traders on Coinbase’s retail platform were buying the dip. Leading United States-based cryptocurrency exchange Coinbase has published a report providing detailed insights into how its users responded to the violent crypto market crash suffered on March 12. While many in mainstream markets […]
Continue ReadingRiot Blockchain has included COVID-19 in 18 pages of risk factors to the business listed in its annual Form 10-K report to the SEC. Nasdaq-listed cryptocurrency mining firm, Riot Blockchain, filed its Form 10-K annual report to the United States Securities and Exchange Commission (SEC), March 25. Among a long list of other potential risk […]
Continue ReadingClimate change caused by carbon emissions might be one reason for such a terrible global COVID-19 pandemic scenario. JPMorgan Chase, the first American bank to create and successfully test a digital coin representing a fiat currency, also provided the most fossil fuel financing out of any bank in the world, according to a 2019 report […]
Continue ReadingSome of the world’s biggest tech companies have opened their arms to blockchain technology — here’s how they compare. The world’s largest technology companies have made concerted efforts to investigate and integrate blockchain technologies over the past few years. Partly driven by a massive boom in interest caused by Bitcoin’s stellar bull run in 2017, […]
Continue ReadingThe relationship between Bitcoin price and its mempool size was negative in most scenarios where BTC lost more than 20%. After making a strong recovery from $3,775 to $6,450, Bitcoin’s (BTC) price has traded in a tight range which has seen the price struggle to push above resistance at $6,400 and $6,850. Despite the current […]
Continue ReadingChinese media has been quiet about the launch of their Blockchain Service Network since the outbreak of COVID-19. Numerous cryptocurrency media outlets have published recent reports asserting that China’s Blockchain Service Network will launch in April 2020. However, these predictions appear to be based on local reports published prior to China’s first official fatality resulting […]
Continue ReadingQuantum computing could potentially break much of the encryption algorithms and protocols that currently secure the internet and computational industry as they are. I chose artificial intelligence as my next topic, as it can be considered as one of the most known technologies, and people imagine it when they talk about the future. But the […]
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