Plato Digital Inteligence

3 Options for Traders as Bitcoin Price Is on the Verge of a Breakout

Source Node: https://cointelegraph.com/news/3-options-for-traders-as-bitcoin-price-is-on-the-verge-of-a-breakout
Time Stamp: April 9, 2020 2:48 AM - Modified On: May 21, 2021 - Published By:
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Bitcoin price (BTC) is currently in a sort of stasis, unexcitedly trading in the expected range and over the past 48-hours dropping to the former rising wedge trendline at $7,150 and again to the $7,200 support before rebounding to the low $7,400 region.Crypto market daily price chart. Source: Coin360For the time being, the price is consolidating within the $7,200 to $7,460 range. The next thing bulls will be looking for is for BTC price to push above the recent high to set a higher-high above $7,663 before launching a move

COVID-19 Has Reduced the Risk of a Post-Halving Price Dump

Source Node: https://cointelegraph.com/news/covid-19-has-reduced-the-risk-of-a-post-halving-price-dump
Time Stamp: April 9, 2020 12:15 AM - Modified On: May 21, 2021 - Published By:
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The recent COVID-19 market crash has reduced the risk of a halving price dump and could have set up a Bitcoin bullrun, some cryptocurrency experts believe.Earlier today Chainalysis brought together a group of industry experts for an online panel to discuss the impact of COVID-19 on Bitcoin and what it means for the future.Chris Bendikson, Head of Research at CoinShares, said he believed the recent price crash in March had prepared miners early for the halving, which will reduce the sudden impact it could have had on their profitability. Those

Just Four Crypto Leaders on Forbes’ List of Billionaires

Source Node: https://cointelegraph.com/news/just-four-crypto-leaders-on-forbes-list-of-billionaires
Time Stamp: April 8, 2020 9:12 PM - Modified On: May 21, 2021 - Published By:
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There are more than 2000 billionaires on Forbes’ ‘The Richest in 2020’ list — but only a handful come from the world of cryptocurrency and none of them are named ‘CZ’.Only four entrepreneurs who made their fortunes in crypto were included among the 2,095 billionaires the magazine named on April 8. The richest man in crypto is Bitmain co-founder Micree Zhan, who appears at No. 690 on the list with a net worth of $3.2 billion. His co-founder Jihan Wu is not too far behind at No.1307, with $1.8 billion. Rounding

‘Rich Dad Poor Dad’ Author Says Gold, Silver, and Bitcoin Lie Outside the System

Source Node: https://cointelegraph.com/news/rich-dad-poor-dad-author-says-gold-silver-and-bitcoin-lie-outside-the-system
Time Stamp: April 8, 2020 9:06 PM - Modified On: May 21, 2021 - Published By:
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Millionaire businessman and author of the book Rich Dad Poor Dad, Robert Kiyosaki, mentioned Bitcoin (BTC) numerous times in a podcast interview with Morgan Creek Digital co-founder, Anthony Pompliano, referring to the asset as an escape.“The reason I endorse Bitcoin is because is just for one frickin reason — you’re not part of the system,” Kiyosaki said. “It’s a separation of government and my money,” he laughingly added, quoting sentiment Pompliano has expressed many times.   Uncertain times can spurr flight to safetyThroughout the interview, Kiyosaki riffed on many concepts through the

South Korea’s Largest Crypto Unveils New Consensus Algorithm

Source Node: https://cointelegraph.com/news/south-koreas-largest-crypto-unveils-new-consensus-algorithm
Time Stamp: April 8, 2020 8:02 PM - Modified On: May 21, 2021 - Published By:
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South Korea’s largest public blockchain project, ICON (ICX), announced its new Loop Fault Tolerance 2.0 (LFT 2.0) consensus algorithm on April 8.The new algorithm claims to make performance improvements in scalability and network bandwidth over the popular Practical Byzantine Fault Tolerance (PBFT) consensus types, without compromising security.Innovation reduces network load and improves throughputThe LFT 2.0 white paper was published on today been published on Github, following three years of research and development. It marks the first time that a South Korean team has successfully innovated on this element of blockchain

Blockchain Scam Raises Money by Pretending to Be Associated With the Olympics

Source Node: https://cointelegraph.com/news/blockchain-scam-raises-money-by-pretending-to-be-associated-with-the-olympics
Time Stamp: April 8, 2020 7:10 PM - Modified On: May 21, 2021 - Published By:
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The Chinese Olympic Committee announced on April 8 that it’s repeatedly received complaints about illegal marketing pertaining to the upcoming Olympic Games.People claiming to be part of the so-called “World Olympic Sports Foundation” say they’re using blockchain technology to help people invest in special products and other commercial developments pertaining to the Olympics. But that money actually ends up in the pockets of anonymous scammers.They make reference to the Tokyo Olympics Torch Relay to trick people into parting with their money, thinking it’s going to a genuine cause. The Chinese

Cardano Partners With South African Blockchain Alliance To Boost Adoption

Source Node: https://cointelegraph.com/news/cardano-partners-with-south-african-blockchain-alliance-to-boost-adoption
Time Stamp: April 8, 2020 7:06 PM - Modified On: May 21, 2021 - Published By:
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The Cardano Foundation announced a partnership with the South African National Blockchain Alliance (SANBA) on April 7. The partnership endeavors to explore further ways to strengthen technology’s adoption throughout South Africa.According to the official announcement, Cardano will use blockchain technology to boost socio-economic growth in South Africa. The Foundation believes such a partnership will help them to achieve their goal of increasing blockchain adoption across the region.South Africa as the key market for African blockchain awarenessCardano cites the South Africa market as pivotal to building a network across the country

Bitcoin Cash Halving Met with 11% Price Surge; BSV Follows with 19%

Source Node: https://cointelegraph.com/news/bitcoin-cash-halving-met-with-11-price-surge-bsv-follows-with-19
Time Stamp: April 8, 2020 6:03 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin Cash (BCH) went through with its first block reward halving on Wednesday, with the coin price gaining 11.2% on the day. Those gains were exceeded by Bitcoin SV (BSV), which gained 19.4% in the same time period. Bitcoin SV is scheduled to carry out its own block reward halving by Friday, April 10th. Both Bitcoin forks were the only cryptocurrencies glowing green in the market cap top ten on Wednesday. However, those gains look to be short-lived, as the vaulted ‘halvening’ event threw up considerably less fireworks than expected.In the past

Overstock Will Airdrop Millions of Security Tokens to Its Stockholders

Source Node: https://cointelegraph.com/news/overstock-will-airdrop-millions-of-security-tokens-to-its-stockholders
Time Stamp: April 8, 2020 6:03 PM - Modified On: May 21, 2021 - Published By:
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Overstock has slated May 19 as the date to airdrop OSTKO security tokens as a dividend to its shareholders. They’ll get one security token for every ten OSTK shares they own as of April 27, making for 4.37 million tokens to be distributed in total.Importantly, trading for these tokens will take place exclusively on Overstock’s alternative trading system tZERO. It processes less than $10,000 in daily volume on average.Documents filed with the United States Securities and Exchange Commission (SEC) on April 7 announced May 19 as the scheduled date for

Bitcoin Forks Flounder Despite Imminent Halvings

Source Node: https://cointelegraph.com/news/bitcoin-forks-flounder-despite-imminent-halvings
Time Stamp: April 8, 2020 4:56 PM - Modified On: May 21, 2021 - Published By:
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With the halvings for Bitcoin Cash (BCH) and Bitcoin SV (BSV) failing to drive a surge in demand, it appears that their block halvings may turn out to be non-events.Despite their halvings, BCH and BSV exhibited normal volume, and strong correlation with the crypto markets at large.Bitcoin forks fail to attract demand heading into halvingsWhile at least six cryptocurrencies prepare to reduce their miner rewards in 2020, the market only appears interested in the forthcoming BTC halving.Within 48 hours of this writing, Bitcoin SV (BSV) will become the latest crypto

Price Analysis April 8: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, LEO

Source Node: https://cointelegraph.com/news/price-analysis-april-8-btc-eth-xrp-bch-bsv-ltc-eos-bnb-xtz-leo
Time Stamp: April 8, 2020 3:32 PM - Modified On: May 21, 2021 - Published By:
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Central banks around the world have pumped up their economies with huge stimulus measures. JPMorgan Chase’s chairman and CEO, Jamie Dimon, praised the United States for taking swift action to counter the current economic crisis. Despite the kind words, in a letter to JPMorgan shareholders, Dimon warned that the future “will include a bad recession combined with some kind of financial stress similar to the global financial crisis of 2008.”Ballet CEO and founder Bobby Lee expects Bitcoin to reach $10,000 by its block reward halving next month. Lee expects the