DID

Ethereum is at Risk of Losing a Crucial Level Following Yesterday’s Selloff

Source Node: https://bitcoinist.com/ethereum-is-at-risk-of-losing-a-crucial-level-following-yesterdays-selloff/?utm_source=rss&utm_medium=rss&utm_campaign=ethereum-is-at-risk-of-losing-a-crucial-level-following-yesterdays-selloff
Time Stamp: August 12, 2020 4:00 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Ethereum has been closely tracking Bitcoin’s price action in recent weeks, which caused it to see some intense bearishness yesterday The cryptocurrency’s price dove as low as $367 once the selling pressure began peaking From this point, it saw a strong rebound that allowed it to recapture that vast majority of these losses It now appears to be well-positioned to see slightly further near-term upside One analyst believes that this latest dip did put ETH at grave risk of seeing a notable selloff There’s one key level that bulls must

MicroStrategy Buys 0.1 Percent Of Total Bitcoin Supply

Source Node: https://bitcoinmagazine.com/articles/microstrategy-buys-0-1-percent-of-total-bitcoin-supply?utm_source=rss&utm_medium=rss&utm_campaign=microstrategy-buys-0-1-percent-of-total-bitcoin-supply
Time Stamp: August 12, 2020 1:11 PM - Modified On: May 21, 2021 - Published By:
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In the midst of massive quantitative easing, a global pandemic and uncertainty for the future of the U.S. dollar, a whopping 21,454 BTC was just swiped off the market by intelligence and mobile software company MicroStrategy. Bitcoin Twitter picked up on the news yesterday when Matt Walsh and Nic Carter shared the story, but it became public knowledge in a MicroStrategy filing with the U.S. Securities and Exchange Commission. A MicroStrategy press release indicates that the firm had been planning the move as part of a capital allocation strategy that it

Token Launches From Ethereum to Telegram: Where Do We Go From Here?

Source Node: https://cointelegraph.com/news/token-launches-from-ethereum-to-telegram-where-do-we-go-from-here
Time Stamp: August 12, 2020 9:51 AM - Modified On: May 21, 2021 - Published By:
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In February, United States Securities and Exchange Commission Commissioner Hester Peirce was asked to give her opinion on the SEC’s case against Telegram. She declined to comment at the time, as SEC officials do not speak publicly about ongoing enforcement actions. In late July, however, with the Telegram case settled, Commissioner Peirce gave a speech titled “Not Braking and Breaking” that pointedly questioned the approach taken by the SEC in the Telegram case. Concluding her remarks, Commissioner Peirce asked:“Who did we protect by bringing this action? The initial purchasers, who

Surging Interest in ‘Yam’ Yield Farming — But Is It Too risky?

Source Node: https://cointelegraph.com/news/surging-interest-in-yam-yield-farming-but-is-it-too-risky
Time Stamp: August 11, 2020 11:38 PM - Modified On: May 21, 2021 - Published By:
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The latest craze in the DeFi sector is a new yield farming protocol called Yam which promises ‘equal opportunity’ staking with no premine, no founder shares, and a zero value token at launch.The experimental Yam Protocol is the talk of Crypto Twitter right now — with many excited about the big potential returns, while others worry about the risks. The recently launched project offers an elastic supply token, similar to Ampleforth, that can expand and contract depending on market conditions, with the aim of seeking eventual price stability and a peg

Tron (TRX) Forms Textbook Bear Signal Despite Rally in the Altcoin Market

Source Node: https://bitcoinist.com/tron-trx-textbook-bear-signal-despite-rally-altcoin-market/?utm_source=rss&utm_medium=rss&utm_campaign=tron-trx-textbook-bear-signal-despite-rally-altcoin-market
Time Stamp: August 10, 2020 9:00 PM - Modified On: May 21, 2021 - Published By:
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Tron (TRX) has been a sleeper cryptocurrency over the past few weeks. While it has rallied like many other digital assets like Bitcoin and Ethereum, TRX has not been focused on by many analysts. According to the Tom Demark Sequential, the popular altcoin is on the verge of reversing to the downside after a multi-day rally. Analysts beg to differ, arguing that Tron is actually on the verge of a massive upswing triggered by months of consolidation. Tron may be further suppressed by Bitcoin, which may lead the crypto asset

USDA Proposes Blockchain Ledger for Organic Product Supply Chain

Source Node: https://cointelegraph.com/news/usda-proposes-blockchain-ledger-for-organic-product-supply-chain
Time Stamp: August 10, 2020 8:55 PM - Modified On: May 21, 2021 - Published By:
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The U.S. Department of Agriculture has proposed amending its rules on organic products to include implementing blockchain technology to trace its supply chain.According to an Aug. 5 report from the U.S. Department of Agriculture (USDA) Agricultural Marketing Service (AMS), the agency said it expects electronic tracking systems, including digital ledger technology (DLT), will play an “essential role” in the traceability of its supply chain of organic products.“DLT can provide secure, verifiable, transparent, and near-instantaneous tracking at the item level in complex supply chains,” the report stated. “Critically, DLT can also

Ethereum Classic’s Leadership Says They Don’t Need Charles Hoskinson’s Bailout

Source Node: https://cointelegraph.com/news/ethereum-classics-leadership-says-they-dont-need-charles-hoskinsons-bailout
Time Stamp: August 10, 2020 6:08 PM - Modified On: May 21, 2021 - Published By:
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Cardano (ADA) founder Charles Hoskinson recently offered to help the troubled Ethereum Classic (ETC) community, but it came with a major condition. The community would first have to institute a decentralized treasury system, similar to Hoskinson’s Cardano and many other blockchain projects. If the community did not accept his terms, Hoskinson felt like his help would have been a waste of time and money:“It's not worth my company's time or our strategies to pivot for a grant or a one off payment to go and bail us out. If there

All Aboard the Bitcoin Express Says Max Keiser on Asian Capital Flight

Source Node: https://beincrypto.com/all-aboard-the-bitcoin-express-says-max-keiser-on-asian-capital-flight/
Time Stamp: August 10, 2020 9:40 AM - Modified On: May 21, 2021 - Published By:
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For investors, Hong Kong has long served as the global financial system’s friendly intermediary with China. But after a year of social upheaval, the Chinese Government has imposed a comprehensive new national security law that would reportedly grant it “semi-autonomy” until 2048. Passed on June 30, 2020, the new law features 66 articles that affect many aspects of life in Hong Kong, including the potential for financial censorship by Beijing. The conditions for capital flight are ripe in the wake of this legislation. Investors Move 10% of Their Gold From

‘Capital Flight out of Asia Is Taking Bitcoin Express’ Says Max Keiser

Source Node: https://cointelegraph.com/news/capital-flight-out-of-asia-is-taking-bitcoin-express-says-max-keiser
Time Stamp: August 10, 2020 6:45 AM - Modified On: May 21, 2021 - Published By:
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Capital flight out of Asia is one of major reasons for Bitcoin (BTC) hitting new 2020 highs in August, a major Bitcoin advocate believes.Max Keiser, a famous American broadcaster and known Bitcoin bull, is confident that rising tensions in Asia are one of factors for Bitcoin’s rally up to $12,000.“You can’t take it with you, unless it’s Bitcoin”In an Aug. 10 tweet, Keiser argued that Bitcoin is a solid method to move big amounts of money abroad while crossing borders. According to Keiser, a number of people in Asia are

Economic Crisis Leaves US Government Officials in State of Confusion

Source Node: https://beincrypto.com/economic-crisis-leaves-us-government-officials-in-state-of-confusion/
Time Stamp: August 9, 2020 1:20 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

The continuing economic trauma from the COVID-19 crisis has left US government officials in a state of confusion. While some argue for opening the economy, others are advocating for a complete shutdown. The lack of clear economic policy direction is becoming more and more apparent as the crisis unfolds. The difficulty appears to be the potential impact of another shutdown weighed against the continued economic stagnation from partial closures. US Economy Bleeding Out The Federal Reserve Bank of Minneapolis President Neel Kashkari is on the side of complete closure. In

Bitcoin is Almost as Big as Bank of America

Source Node: https://cointelegraph.com/news/bitcoin-is-almost-as-big-as-bank-of-america
Time Stamp: August 8, 2020 11:00 AM - Modified On: May 21, 2021 - Published By:
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All the speculative capital invested in Bitcoin (BTC) at the moment totals just a few billion dollars shy of Bank of America's market valuation.Bitcoin's current market cap sits just over $217 billion, according to Cointelegraph data at press time, while Yahoo Finance shows Bank of America's market cap holding slightly over $226 billion — a comparison introduced in a recent article from The Next Web. Bitcoin's market cap climbing in comparisonAlthough it has endured its fair share of dramatic price fluctuations, Bitcoin's price has grown substantially in 2020, rising past several