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Saturday, 24 October 12:42 (GMT -05:00)



Foreign exchange market

What's Next For Bitcoin?


Some analysts argue the future of Bitcoin, also known as the digital gold. Last week, the Winkelvoss brothers stated that the BTC price may skyrocket all the way up to 500.000 dollars per coin in the near future. This opinion is shared by Bloomberg analysts. But on the other hand, Bitcoin may see the opposite scenario, which is a major crash to make it as cheap as dirt.
 
Last week, Bitcoin overcame the 12.000 threshold once again, for the 2nd time this year, but failed to consolidate in there and plunged below the threshold again. At this point, BTC is trading around 10.000 dollars per coin, which means it lost 2.000 dollars per coin in a matter of days. With that being said, it's hard to belive that the Bitcoin rally may end up landing somewhere around 500.000 dollars per coin.
 
Binance Smart Chain - Binance Blockchain for Ethereum
 
Binance Smart Chain is a smart blockchain implementation with smart contracts onboard. It was launched by Binance. It comes bundled with an Ethereum Virtual Machine-compatible environment, which makes it possible for Solidity developers to switch to the new blockchain with almost zero effort.
 
BitBay Introduces Tether Support
 
Last week, the Polish cryptocurrency exchange named Bitbay.net introduced the support for the popular stable coin named Tether (USDT). Form now on, Bitbay.net can trade Bitcoin, Ethereum, Litecoin, Chainlink using this newly-introduced coin.
 
MetaMask Launches Android and iOS Apps
 
MetaMask, a popular Ethereum wallet, launched by ConsenSys in 2016, has been operating as a browser extension for Chrome and Firefox up until recently, with over 4 million downloads. The other day, the company launched their own Android and iOS apps, which now makes it possible to manage the wallet and the NFT tokens, as well as the other operations available for MetaTaks users, using their smartphones.
 
ICC AOKpass -  Save Travelling Amid Pandemic
 
ICC AOKpass, a blockchain-based app, is aimed at making it easier for the user to travel amid the COVID-19 pandemic. the app was launched by Peril last week ans makes it possible to check the user's COVID-19 status. The app utilizes the international standard.
 

 

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Tape Patterns Indicator

Traders often use various kinds of technical indicators these days. The list can be rather long, from popular ones like RIS, MACD etc. to less popular ones like Tape Patterns.
Publication date: 30 September 08:52 AM

Bitcoin's Getting Ready For a Strong Rally

While Bitcoin could have been more volatile over the recent weeks, the king of cryptocurrencies stoped in the range between 10K and 11K dollars per coin. Do BTC miners know in which way the coin is going in the near future?

Publication date: 30 September 04:07 AM

Bloomberg: Crypto Is Better Than Gold In 2020

According to the recent Bloomberg report, cryptocurrencies are way better than gold in terms of investments in 2020. Which is interesting, most cryptocurrencies have been growing much faster than gold this year. It's not a secret that gold is considered a safe-haven asset amid crises. Bloomberg Galaxy Crypto Index (BGCI) has gained 66% this year,while gold has gained only 20% over the same period.
Publication date: 29 September 01:07 PM

Gold Prices Drop Below $1860/oz, Seeing A Major Downtrend

On Thursday morning, the spot price of gold dropped roughly down to $1850/oz withing the scope of a strong downtrend started earlier this week, with a strong gap from the consolidation level. The key factors contributing to the price drop was the sudden strengthening of the U.S. Dollar.

Publication date: 25 September 07:39 AM

Texas Authorities Spot New Crypto Scams

The TSSB, which is the financial regulator of Texas, is reported to have revealed a couple of potential scams in the international market of cryptocurrencies. These are named Forex Birds and PEK Universe. From now on, both of these projects cannot work in Texas anymore. These projects were banned on September, 3rd.

Publication date: 18 September 01:07 PM

Cryptocurrencies On Sale: ChainLink and TRON Go Down, Bitcoin Is Stable

Wednesday's session is bringing a retracement in the market of digital assets, which is affecting the entire crypto market cap. Chainlink (LINK), TRON (TRX), and Tezos (XTZ) have been the biggest losers over the last 24 hours. They lost 9,7%, 8,7%, and 5,5% respectively. Bitcoins remains stable and one of the very few tokens among the top 20 that are still showing some gains, though modest ones.

Publication date: 16 September 12:04 PM

How To Get Ready For Bitcoin Boom 2020?

Cryptocurrencies keep on growing in value. If you are going to buy your first coins, this is what you should do first.
Publication date: 30 August 11:27 AM

U.S. Tech Companies Increase Stock Buyback

Publication date: 20 August 06:10 AM

Altcoin Mining Account For Over 30% Of Overall Crypto Mining Consumption

Scientists for the University of Munich urge the regulators to go beyond the BTC scope when it comes to crypto mining affecting the environment. They say that Bitcoin accounts for over 66% of the entire energy consumed by crypto mining, based on the basic algorithms, the current hashing speed, and the mining equipment used, while altcoins account for the rest of it. Consequently, altcoins add almost 50% on top of Bitcoin's energy demand, which in itself may result in considerable damage to the environment.

Publication date: 09 August 11:06 AM

GBP Prospects After BoE's Interest Rate Decision

The United Kingdom's financial authorities have published the information on its money-and-credit policy:
- The interest rate decision: 0,10% (prediction: 0,10%, previously: 0,10%)
- BoE's MPC: votes for interest rate cuts: 0 (previously: 0)
- BoE's MPC: votes for interest rate hikes: 0 (previously: 0) 
- BoE's MPC: votes for keeping the interest rate unchanged: 9 (previously: 9) 
- BoE's total QE: 725 billion pounds (prediction: 725 billion pounds, previously: 725 billion pounds)
Publication date: 06 August 08:32 AM