Business

3 Reasons Bitcoin Price Could Be on the Verge of a New Uptrend

[ad_1] The price of Bitcoin (BTC) has risen by 170% in the last three months from $3,600 to $9,700. Despite this immense 3 month recovery, a series of fundamental factors point to the possibility of another uptrend in the near-term.Three reasons Bitcoin is likely to see an upsurge are increasing exchange outflow, miner revenue finding support, and the rising number of so-called “hodlers” or investors that hold BTC for prolonged
BLOCKCHAIN

Block.One to Launch Social Media Platform Ahead of Schedule

[ad_1] Voice, the social media platform by EOS creator Block.One, announced that it will launch on July 4.According to a Tweet posted by Voice Chief Executive Officer (CEO) Salah Zalatimo on June 6, the social media platform will be available to readers on U.S. Independence Day, with only registered users able to publish content or engage online. “We had been building towards a big reveal this fall,” said Zalatimo, “but, we
EXCHANGES

Analysts Are Fearing an Ethereum Correction: Here’s How Fall It Could Fall

[ad_1] Ethereum has been on an impressive rally over the past month. The leading altcoin is trading up more than 16% in the past month, as per data from crypto market site Coin360.com. Over that same time frame, Bitcoin dropped by 4%, while certain altcoins like XRP and BSV plunged by nearly 10%. While many have seen this as bullish, analysts are starting to fear that a correction is on
EXCHANGES

Pablo Escobar’s Descendants Claim to Have Known Satoshi Nakamoto

[ad_1] Reports stemming from the financial columnist, Greg Thomson and the family of Pablo Escobar, claim the Escobar’s know the mysterious creator of Bitcoin. Allegedly, the notorious Escobar’s say that Satoshi Nakamoto was once known as a man named “Yasutaka Nakamoto.” On June 6, 2020, an interesting theory emerged that claims the family of Pablo Escobar knows the true identity of Satoshi Nakamoto. The well known Pablo Emilio Escobar Gaviria
EXCHANGES

Yesterday, Ethereum Miners Received 60% More Fees Than Bitcoin Miners

[ad_1] Ethereum transaction fees have continued to spike as demand for smart contracts and ETH transfers have spiked. It has reached a point where yesterday, June 6th, Ethereum miners brought in more transaction fees (in aggregate) than Bitcoin miners for the first time in months. Blockchain analytics startup Glassnode made this observation, sharing the chart below on June 7th. “Daily Ethereum network fees surpassed Bitcoin fees yesterday. $498k vs. $308k.
Business

Investors Turn Bullish as Bitcoin Exchange Reserves Drop to 1-Year Low

[ad_1] According to data from glassnode, Bitcoin reserves on cryptocurrency exchanges fell to a 12-month low. This coincides with a reported mass outflow of BTC from Coinbase.On June 6, various media outlets reported that Coinbase may sell its blockchain intelligence arm Coinbase Analytics to the Internal Revenue Service (IRS) and the Drug Enforcement Agency (DEA). Following the reports, there was a surge in BTC outflow from the exchange.Investors withdraw Bitcoin
Business

Bloomberg BTC Bombshell, Coinbase Fury, Ether vs. Tether: Hodler’s Digest, June 1–7

[ad_1] Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.Top Stories This WeekForget $10,000, Bitcoin’s $12,000 breakout will catch everyone off guardOnce again this week, BTC suddenly soared into five figures — hitting $10,380 soon after Donald Trump
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Low Cap Altcoins Are Dominating Bitcoin in 2020: Here’s Why It Won’t Continue

[ad_1] Even though Bitcoin has seen an explosive move higher since the $3,700 March lows, altcoins are actually largely outperforming the market leader. This trend has contradicted sentiment that BTC leads the cryptocurrency market higher in bull runs. Yet analysts are coming to the conclusion that it is only a matter of time before Bitcoin starts to outperform altcoins once again. Bitcoin Has Underperformed Altcoin Aggregates in 2020, Data Shows
BLOCKCHAIN

How Blockchain Technology Can Help Fighting Against COVID-19

[ad_1] Many financial and human resources are being deployed in the effort to fight the ongoing COVID-19 pandemic. Technologies are also being used in this fight: artificial intelligence for research, 5G to increase information transmission speed and many others.Blockchain is not being left out of this fight, as it now plays an important role in helping institutions and governments around the world respond to COVID-19, and is currently being integrated
EXCHANGES

Trump Predicts US Economy to Recover by 2021 — Fed Chair, Economists Disagree

[ad_1] President Donald Trump has predicted that the US economy will recover by 2021, citing new jobs data released by the Labor Department which contains a “misclassification error.” Officials say the numbers are artificially low, and Federal Reserve Chairman Jerome Powell and several economists have voiced their concerns. Trump Thinks US Economy Will Recover Next Year The U.S. is facing a severe economic crisis with record-high unemployment, fueled by the