Investors

Binance Research Finds Bitcoin Correlated to Stocks — But Not For Long

Source Node: https://cointelegraph.com/news/binance-research-finds-bitcoin-correlated-to-stocks-but-not-for-long
Time Stamp: April 2, 2020 10:20 PM - Modified On: August 29, 2021 - Published By:
Source Cluster:
Republished By Plato

In a new report Binance Research found a ‘moderate’ positive correlation between Bitcoin and US equities during the first quarter of 2020 — but neither was correlated to gold.Bitcoin was down 10% over the quarter but still outperformed the S&P 500 which experienced a 19% drop. According to the report, the correlation was fairly high at 0.57, as shown through similar patterns in daily business day returns.Gold and long-term treasuries showed no relationship to other markets as they rose by 8% and 23% respectively.The good news for hodlers is that

Is Decentralized ASIC Production Possible?

Source Node: https://medium.com/coinmonks/is-decentralized-asic-production-possible-eb5caece672c?source=rss-------8-----------------cryptocurrency
Time Stamp: April 2, 2020 7:07 PM - Modified On: August 29, 2021 - Published By:
Source Cluster:
Republished By Plato

The news about ASICs for Nervos CKB came out recently, as the time of writing, there are four ASICs announced, the Toddminer C1, Toddminer C1 Pro, Bitmain K5 and PA miner — the first batch of C1 was delivered on March 9, K5 and PA Miner are expected to be delivered in April and C1 Pro in May.Since mainnet launch, the total hashrate on CKB mainnet has been around 200TH/S on average, it is now gradually picking up (at the time of writing at ~500TH/S) with ASICs. Toddminer says C1+C1

Bitcoin Surges by 10%, Gold and Stocks Also in the Green

Source Node: https://www.bitcoinmarketjournal.com/bitcoin-surges/
Time Stamp: April 2, 2020 4:58 PM - Modified On: August 29, 2021 - Published By:
Source Cluster:
Republished By Plato

We’ve been seeing new hockey stick graphs every day lately and today is no exception. The weekly jobless data just came out from the U.S. and the numbers were even worse than any analysts had guessed. This chart shows the number of Americans who filed for unemployment for the first time last week. Notice that the number is almost exactly double the average analyst forecast (gold bar). In total for the last two weeks, that makes nearly 10 million people out of work due to the virus fears. That’s about

What to Expect When You’re Expecting… the Bitcoin Block Halving

Source Node: https://cointelegraph.com/news/what-to-expect-when-youre-expecting-the-bitcoin-block-halving
Time Stamp: April 2, 2020 4:39 PM - Modified On: August 29, 2021 - Published By:
Source Cluster:
Republished By Plato

Many industry experts hold varied expectations for Bitcoin’s price following the block reward halving in May, proving 2020 is anything but mundane. “On both prior occasions, Bitcoin surged to a new all-time high within 12 months, with the latest coming in December 2017 when the price reached about $20,000, which was followed by a massive decline,” Bill Herrmann, CEO of alternative investment banking firm, Wilshire Phoenix, told Cointelegraph in an email on March 10. Herrmann also pointed out that Bitcoin’s market has matured compared to past years, noting that information available to

New York Judge Says Telegram Can’t Distribute Grams Outside U.S. Either

Source Node: https://cointelegraph.com/news/new-york-judge-says-telegram-cant-distribute-grams-outside-us-either
Time Stamp: April 1, 2020 11:29 PM - Modified On: August 29, 2021 - Published By:
Source Cluster:
Republished By Plato

A New York judge has ruled that the injunction barring Telegram from issuing its Gram tokens extends to all entities in the United State and overseas.On April 1, U.S. District Judge P. Kevin Castel, responded to the encrypted messaging firm’s request for clarification as to the scope of the court’s March 24 preliminary injunction. He denied Telegram’s move to distribute tokens to the non-US-based participants of its 2018 initial coin offering (ICO).Approximately $1.27 billion of the funds raised to finance the development of the Telegram Open Network (TON) came from

Amended Ripple Class-Action Covers Possibility XRP Is Not a Security

Source Node: https://cointelegraph.com/news/amended-ripple-class-action-covers-possibility-xrp-is-not-a-security
Time Stamp: April 1, 2020 11:07 AM - Modified On: August 29, 2021 - Published By:
Source Cluster:
Republished By Plato

An amendment to the class-action lawsuit against Ripple, filed March 25, included additional claims of false advertising and unfair competition, “under the alternative theory that XRP is not a security.”The disgruntled investors’ sixth and seventh claims for relief would appear to be a direct hedge in the event that the judge rules against the original suit suggesting that XRP was illegally sold as an unregistered security.Hedging their betsThe filing included two additional claims for relief, in relation to alleged false advertising and unfair competition, both in violation of the California

Berkeley Blockchain Xcelerator Director on What DLT Startups Need to Succeed

Source Node: https://cointelegraph.com/news/berkeley-blockchain-xcelerator-director-on-what-dlt-startups-need-to-succeed
Time Stamp: April 1, 2020 9:28 AM - Modified On: August 29, 2021 - Published By:
Source Cluster:
Republished By Plato

The Berkeley Blockchain Xcelerator — an incubator for early stage distributed ledger technology startups at the University of California, Berkeley — recently launched its spring cohort, which includes startups seeking to fight COVID-19, launch a cannabis-themed massively multiplayer online game and create a reverse auction platform for loans.Cointelegraph spoke to Jocelyn Weber, the director of the Xcelerator, to find out more about the resources the program offers to startups, success stories from previous cohorts and advice for startups looking to launch in the crypto space.Cointelegraph: Could you give an overview