Bitcoin Price Prediction: BTC/USD May Hit $8,000 to Begin a Bull Market Fully

Source Node: https://insidebitcoins.com/news/bitcoin-price-prediction-btc-usd-may-hit-8000-to-start-a-bull-market-fully/256766
Time Stamp: April 7, 2020 9:58 AM - Modified On: May 21, 2021 - Published By:
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Bitcoin (BTC) Price Prediction – April 7The Bitcoin price is making a strong extension to the upside in the session today through $7,200.BTC/USD Long-term Trend: Bullish (Daily Chart)Key levels:Resistance Levels: $8,500, $8,700, $8,900Support Levels: $6,400, $6,200, $6,000BTCUSD – Daily ChartBTC/USD hit the intraday high at $7,440 and retreated to $7,231 at the time of writing. Despite the downside correction, the coin is moving within a short-term upside trend amid low volatility. BTC/USD has gained nearly 1.35% since this time as the cryptocurrency market is on the recovery path. On the

Japanese Tax System Not Equipped to Handle Cryptocurrencies

Source Node: https://insidebitcoins.com/news/japanese-tax-system-not-equipped-to-handle-cryptocurrencies/256762
Time Stamp: April 7, 2020 9:49 AM - Modified On: May 21, 2021 - Published By:
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Japan is planning to enforce new cryptocurrency regulations in the country in May but its existing tax system may not be properly equipped to handle digital currency transactions. According to a top government official, the system still needs some tweaks before it can manage crypto taxes.Japanese taxation regime needs a changeRepresentative Shun Otokita of the Japan Innovation Party held a Q& A session at the Financial Statements Committee on April 6. Therefore, he talked about the value of market research before introducing a separate tax regime for digital currencies. He

Matic Network Allocates 100% of Team & Foundation Tokens to Staking in Second Token Unlock

Source Node: https://coinfomania.com/matic-allocates-staking-second-token-unlock/?utm_source=rss&utm_medium=rss&utm_campaign=matic-allocates-staking-second-token-unlock
Time Stamp: April 7, 2020 9:27 AM - Modified On: May 21, 2021 - Published By:
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Matic Network has shared vital information on how they intend to allocate its second batch of tokens scheduled to be released later this month. According to the project, the need to provide clarity on the details of the “second token unlock” is imperative to address any future concern or confusion, while adding that the token allocation is designed to be favorable to both token holders and the entire Matic Network ecosystem.  The Matic’s token supply is to be allocated based on five distinct categories such as Teams, Advisors, Foundation, Ecosystem,

Ripple Price Analysis: XRP Resumes Uptrend, Battles Minor Resistance at $0.20

Source Node: https://coinfomania.com/ripple-price-analysis-xrp-resumes-uptrend/?utm_source=rss&utm_medium=rss&utm_campaign=ripple-price-analysis-xrp-resumes-uptrend
Time Stamp: April 7, 2020 8:56 AM - Modified On: May 21, 2021 - Published By:
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On the 4 hour chart, Ripple (XRP) has broken the resistance at $0.18 and move up to the high of $0.20500. The XRP/USD trading pair has earlier fallen to the low of $0.12 in the last bearish impulse since March 12. Buyers emerged to push XRP upward to $0.18 when it was regarded as being oversold. Unfortunately, the recent upward move is facing resistance at the $0.20 price level. XRP/USD – 4 Hour Chart The resistance is caused by a historical price level. The market is testing $0.20 historical price

Streamr to Offer Binance’s Real-Time Trade Feeds on Marketplace

Source Node: https://cointelegraph.com/news/streamr-to-offer-binances-real-time-trade-feeds-on-marketplace
Time Stamp: April 7, 2020 8:47 AM - Modified On: May 21, 2021 - Published By:
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Open-source blockchain infrastructure Streamr announced on April 7 a new integration with cryptocurrency exchange Binance, in which Streamr will offer the exchange's real-time trade feeds on its marketplace.From now on, Binance’s real-time trades and quotes data for all asset pairs will be available on Streamr, with the aim of targeting algorithmic traders.According to Streamr, traders will now be able to obtain sentiment data and data from other markets via a single technical integration.Motivations behind the partnershipSpeaking with Cointelegraph, Henri Pihkala, co-founder and CEO of Streamr, said that with crypto exchanges serving

Deutsche Bank Places Bitcoin (BTC) at the Center of All Currencies 

Source Node: https://coinfomania.com/deutsche-bank-bitcoin-center-of-all-currencies/?utm_source=rss&utm_medium=rss&utm_campaign=deutsche-bank-bitcoin-center-of-all-currencies
Time Stamp: April 7, 2020 8:44 AM - Modified On: May 21, 2021 - Published By:
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As the world records more than one million confirmed cases of the novel Coronavirus, the German multinational investment bank, Deutsche Bank (DB), sees a strong need for a cashless society during this pandemic time. Current Flaws With Physical Money The use of physical cash potentially poses the risk of spreading the virus, especially dirty banknotes, according to the World Health Organization (WHO). In line with the warning, the central bank of South Korea began quarantining banknotes and even went on to destroy some notes to curb the spread of COVID-19

Secure, Controllable, Decentralized Data Sharing: An Interview With bitYoga CEO Antorweep Chakravorty

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Time Stamp: April 7, 2020 7:34 AM - Modified On: May 21, 2021 - Published By:
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Beyond its primary use case of powering cryptocurrencies, there’s no denying the priceless possibilities embedded in the underlying blockchain technology.  Coinfomania recently spoke to bitYoga CEO Antorweep Chakravorty. The Norway-based startup is a member of the EU-H2020 ARTICONF project and is piloting the adoption of blockchain technology for decentralized and secure data file sharing for the next generation of internet applications. He first spoke to us about how bitYoga got started. Antorweep was an associate professor of the University of Stavanger, Norway along with co-founder, Chunming Rong who was also

Max Keiser: Selling Bitcoin Now for ‘Fiat Debt-Coupons’ Is a Crime

Source Node: https://cointelegraph.com/news/max-keiser-selling-bitcoin-now-for-fiat-debt-coupons-is-a-crime
Time Stamp: April 7, 2020 6:48 AM - Modified On: May 21, 2021 - Published By:
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Bitcoin (BTC) will be the only exit from the “global reset” of finance which will allow central banks to even destroy the banking system itself.That was just one conclusion from Simon Dixon, CEO of cryptocurrency funding platform BnkToTheFuture, in the latest episode of financial news program the Keiser Report on April 7. Dixon: “World’s largest regulated Ponzi scheme” is dyingDiscussing the global coronavirus epidemic and its impact on global finance, Dixon warned that the health aspect of the crisis was by no means its worst.“I don’t want to be dramatic, but

Cryptocurrency Exchange OKEx Tackles Small Balances With New Offering

Source Node: https://cointelegraph.com/news/cryptocurrency-exchange-okex-tackles-small-balances-with-new-offering
Time Stamp: April 7, 2020 6:37 AM - Modified On: May 21, 2021 - Published By:
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Cryptocurrency exchange OKEx announced a new feature that allows its users to convert small balances to the firm’s proprietary token OKB.OKEx announced on April 7 that the new product allows its user to convert all the crypto asset balances worth less than 0.001 Bitcoin (BTC) ($7.38 at press time) into OKB. The upper limit for conversion value is 0.01 BTC ($73.84 at press time), there is no limit on conversion time but the conversion is only available when the price fluctuates within 5%.A trader told Cointelegraph that small balance handling

World Economic Forum Turns to Blockchain to Aid Global Supply Chain

Source Node: https://insidebitcoins.com/news/world-economic-forum-turns-to-blockchain-to-aid-global-supply-chain/256745
Time Stamp: April 7, 2020 5:46 AM - Modified On: May 21, 2021 - Published By:
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On Monday, the World Economic Forum, or WEF, gave a statement that blockchain technology and digitization has the capacity to support the world’s supply lines and help it survive the COVID-19 crisis.Liao and Fan: Transparency Is KeyRebecca Liao, the Executive Vice President of the Skychain blockchain enterprise firm, and Ziyang Fan, the Head of Digital Trade at the WEF, co-wrote a blog post. This blog post stated that the COVID-19 pandemic has come to force a large number of companies to battle an unexpectedly delicate supply chain. Even so-called “Solid”

Bitfinex Launches Staking in Response to Customer Demand

Source Node: https://cointelegraph.com/news/bitfinex-launches-staking-in-response-to-customer-demand
Time Stamp: April 7, 2020 4:50 AM - Modified On: May 21, 2021 - Published By:
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Major cryptocurrency exchange Bitfinex has become the latest exchange to offer staking services to customers.Announced April 3, Bitfinex will offer staking rewards up to 10% per annum on crypto assets underpinned by a Proof-of-Stake algorithm."We're committed to engaging our existing users and the wider community with new products and innovations," said Bitfinex’s CTO, Paolo Ardoino. "The Bitfinex Staking Rewards Program provides our users with another avenue to increase their holdings on our platform."Bitfinex introduces staking in response to customer demandArdoino states that Bitfinex’s clients asked for staking to be introduced,