Mercado Bitcoin, the largest Bitcoin exchange in Brazil, announced on Thursday the closure of a BRL 200 million (around $38 million) funding round and revealed its plans for international expansion.
The funding round was led by local private equity firm, GP Investimentos and early-stage venture capital, Parallax Ventures along with the participation from several other parties, mostly from the local market.
Founded in 2013, the exchange built itself into becoming the largest Bitcoin exchange in Brazil. It doubled its customer base in the past two years, reaching 2.2 million, according to the exchange. Additionally, trading volume remained impressive, with BRL 6.4 billion in the entire 2020 and exceeding half of that alone this month.
“We want to develop the crypto ecosystem in Brazil and create a market as developed as that of the United States. To do this, we want to be one of the five largest digital exchanges in the world,” Reinaldo Rabelo, CEO of Mercado Bitcoin, said.
The exchange is now aiming to surpass 3 million users by the end of 2021.
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Expanding into the Latin American Markets
With the growing demand for digital currencies, Mercado Bitcoin is now planning for further expansion in Latin American countries with locally formed entities. It already has some international presence, but those operating are being maintained under the Brazilian company.
Apart from the expansion plans, the exchange will use the fresh proceeds in expanding its products. Further, it will invest in its Bitrust, custodian platform and digital wallet, Meubank, which is seeking central bank approval.
“We are already the largest exchange in Latin America, operating almost exclusively in Brazil,” Rabelo added. “Now, we’re going to look at the other markets, like Chile, Mexico, and Argentina, which have a regulatory culture closer to ours.”
“Our long-term purpose is to participate in the construction of a new infrastructure for the financial market (IMF), based on blockchain, smart contracts and crypto assets.”
Bitcoin (BTC) price could dip to $21,820, which is the 21-EMA on the weekly time frame
Bitcoin’s bad week could get worse if the price dips below $30,000 again to retest intraday lows of $28,800.
At the moment, bulls are looking to bounce right back into the game, which will happen if they break above the previous support-turned-resistance level at $32,000.
A rejection leading to a slip beneath $28,000 could see a potentially bearish scenario to lows of $21k—$18k. This outlook will be likely if a 2017 fractal charts again.
According to technical analyst Ali Martinez, bears could push as far as $18k if BTC’s price trajectory mirrors the 2017 fractal post-ATH. A 70% dump from the all-time high saw BTC bottom out around $5,900 as the 2018 bear market unfolded.
The analyst thinks something similar to that could materialise in the coming days (or weeks). He shared the chart below and added:
“If something similar to what happened in mid-December 2017 repeats, Bitcoin may dive towards $18,000.”
An on-chain metric called Spent Output Profit Ratio (SOPR) also suggests BTC price could see further dips. SOPR helps gauge trends by showing whether spent outputs are in profit or loss. If the metric reading is above 1, it indicates output transactions were in profit. Values less than 1 mean that holders were at a loss when the output transaction happened. Sell pressure mounts when the metric suggests most holders are in profit.
According to Rafael Schultze-Kraft, Bitcoin’s dip from highs of $38,000 to support at $28,800 “is not surprising“. Rafael, who is the CTO of Glassnode, says that currently, the SOPR is overextended and moving towards 1. The metric thus suggests that less BTC is moving on-chain as some holders sell at “extreme profits“.
Bitcoin SOPR metric suggests further sell-off pressure. Source: Glassnode
As seen on the 4-hour chart below, BTC/USD has had multiple candle-down closes below the major support level around $32,000. Turning this previous support zone into resistance adds credence to the likelihood of a further breakdown.
If the decline continues, the key price level to watch on a higher time frame is the 21-EMA. Short-near-term price action is likely to include a revisiting of the weekly 21-EMA before another leg higher. The price level of the moving average is around $21,820.
On the contrary, a daily close above $30k, with highs of $32k in between could preserve the upside outlook. A move towards the $35k threshold will be the short term target if bulls have to consolidate towards a retest of the $42,000 resistance level.
There have been a lot of exciting movements in the crypto space from bullish runs on various tokens to large corporations adopting cryptocurrencies as part of their business strategies.
With so much happening this quarter, we invited Mati Greenspan, Sam Bankman-Fried, and Jason Choi to our Virtual Meetup #8 on Wednesday, November 25 @ 8AM EST to discuss the state of the crypto market in Q4 2020.
Held monthly, CoinGecko’s Virtual Meetup is our live online community event where we explore different key topics in the crypto sphere and invite industry leaders to share their two satoshis.
In our discussion, we talked about what’s happening this quarter, the anticipation of retail companies, and what’s possible in 2021.
Here is a quick breakdown of what we discussed with Mati, Sam, and Jason.
What is happening in the space this quarter?
Jason addressed institutional adoption by saying, “We started the quarter seeing large institutions coming into the space such as MicroStrategy.” He also pointed out that the performance of 2017 ICO coins which are doing well is one of the clear signs of retail coming in.
“Previously in 2017 it was with hype and fanfare but now it’s more to do with stealth. We’ve seen legitimisation by some major players like MicroStrategy and Square adding Bitcoin to their balance sheet,” added Mati.
Sam notes that, “It’s been one of the clearest bull transit that we’ve seen in years but it also seems a lot more concentrated and a lot of people deep in the crypto space itself are feeling very confident.”
What’s the narrative behind the differing prices during Asian and Western trading hours?
Sam highlighted that back in late 2017 and early 2018, the Asian markets were driving the moves. “The recent rally has seen more of a Western focus with billionaires algorithmically buying during the Western trading hours and making the price go up,” he adds.
Is the mass retail market in the crypto space yet?
According to Sam, “Volumes are massively up, buying is massively up, most metrics are massively up except new sign ups which are also up but they’re not increasing as much as the rest.” He adds that, “This is looking like massive activation of people who are already crypto-adjacent or already in crypto.”
Jason continues by saying, “There’s probably an element of funds trying to frontrun the retail.”
Mati concludes with, “I believe that if the narrative of billionaires and hedge funds buying is correct, then other projects such as XRP and XLM are better positioned.”
What do you think will happen in 2021?
“There’s an enormous amount of anticipation and excitement right now in crypto and there’s an open question of what is it anticipating and would it happen?” said Sam before adding, “But what if these institutions never come in? Then it could be very bad.”
Jason simply puts that, “We’re going to see more inflow of capital.”
What are some indicators you look at to see if the market is dumping?
Jason looks at, “A lot of different metrics.” A newer data point he is looking at is MVRV which is market cap to realized value. Other than that, he aso checks on, “Typical things like RSI, stochastic, moving averages, and c-score.”
When it comes to Mati, “Momentum indicators are not as strong with Bitcoin as other markets. Anybody’s guess is just as accurate as my own.”
What are some of the fundamental frameworks that you guys use when valuing tokens, especially DeFi tokens?
For Sam, there are two ways when valuing tokens. Firstly, “Let’s say everyone is unexcited about the coin, what is the price I’m willing to buy it at since the business is worth more than that.” Secondly, “In general, look at some sort of version of cash flow divide by market cap.” He then ends by saying that, “No formula is going to tell you.”
Meanwhile, Jason adds that, “There’s no real way to project a fair value on most tokens. Most promising is DeFi with users who pay millions of dollars in fees. But do most people who trade these tokens care about that? Do people have consensus around this valuation model?”
Mati agrees that, “There are no comprehensive valuation models for utility tokens nor even money tokens.”
Do you think we will see crazy yields on Yield Farming again?
“It was quite a wild summer with DeFi but who knows what the future holds. What the summer showed is that there’s a lot of appetite for DeFi,” said Sam.
“I don’t see yields with 10,000% APYs coming back,” Jason added.
Mati added that, “It’s not realistic and it’s telling of the immaturity of the market and there’s not enough activity to support a normal market flow.”
If you had $1 million, how would you allocate your portfolio if you had to hold it for 3 to 6 months?
Sam clarifies that it is not financial advice before saying, “Some people believe that ‘Trump Stay or Trump Go’ tokens are quite good for the next few months.”
Meanwhile, Jason notes that, “Most of my bags are DeFi bags and they are to do with products that can do things that you typically can’t do in Centralized Finance (CeFi) just yet.”
Mati claims that, “Part of trading for me is about being able to jump in and jump out. If it’s a long term hold it’s going to be Bitcoin at this point but of course there are so many attractive assets out there.”
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Alex Mashinsky, chief executive officer at Celsius Network, discusses the volatility in Bitcoin and where he thinks the cryptocurrency is heading. He speaks on “Bloomberg Daybreak: Asia.” (Source: Blo … Read Full Story
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The Chinese government hasn’t been too kind to cryptocurrencies in the past years. First, initial coin offerings (ICO) were banned in China in September 2017. Then, following the crackdown on ICOs, exchange platforms that traded cryptocurrencies or provided facilitation services were also ordered to be closed. This made the task of purchasing bitcoin almost impossible for investors in China.
However, this was not merely a blanket ban. It was a preparation for things to come.
To understand the harsh attitude of the Chinese government toward cryptocurrencies, we have to look at the big picture of China’s economy and financial market.
While central banks worldwide grapple with the rise of bitcoin and their inability to control it the way they do fiat currencies, China is working toward becoming the first country to implement its own digital currency, also known as the Digital Currency Electronic Payment (DCEP) project.
By forbidding other entities in issuing their own cryptocurrencies through the ICO ban and limiting the exchange of bitcoin, the People’s Bank of China (PBOC) is securing the success of its own forthcoming digital yan. Furthermore, unlike cryptocurrencies such as bitcoin, dealing in the digital yuan won’t protect any presumption of pseudonymity, and its value will be as stable as the physical currency issued by the government.
China Racing Toward A Cashless Society
China wants to become the first nation to issue a digital currency in its push to internationalize the yuan and reduce its dependence on the global dollar payment system.
According to Reuters, an article published in China Finance, a magazine run by the PBOC, stated that the rights to issue and control a digital currency would become a “new battlefield” of competition between governments.
As part of the project, the PBOC defines the yuan as both physical banknotes and digital currency. The idea is to establish a new payment system network in order to break the dollar monopoly.
To this end, digital yuan tests are already underway. Several trials have taken place in four cities, namely Suzhou, Shenzhen, Chengdu and Xionggan, and at the venue for the 2022 Winter Olympic Games in Beijing.
How Is The Digital Yuan Being Tested?
As of September 2020, the PBOC had issued 10 million yuan ($1.5 million) worth of digital currency and distributed it to 50,000 people in the Shenzhen area via a lottery.
The winners were rewarded with digital “red packets” worth about 200 yuan, which they could download and spend at 3,000 different stores. With nearly 2 million people signing up for the contests, the operation was deemed as successful.
At the beginning of November, PBOC’s governor indicated that four billion transactions, accounting for $299 million, had been conducted using the digital yuan.
The DCEP payment network allows selected users to convert between cash and digital money, check their account balances and make payments and remittances. Other experiments include government employees receiving transport subsidies in the form of digital currency, and McDonald’s in Xiong’an accepting payment with digital yuan.
However, there’s still been no official announcement of when the payment network will be made available to all Chinese citizens.
Will The Public Accept PBOC’s Digital Currency?
It’s difficult to make a prediction. The returns from the tests have been quite positive from the public, with people signing up in droves for the lottery.
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However, China is already becoming an increasingly cashless society. Even street-food vendors and market stalls in small towns prefer to use payment apps instead of cash.
Mobile wallets such as Alipay and WeChat Pay already have large userbases in China, and it is unlikely that people will switch to the government app overnight. However, it has been reported that, in contrast to these payment processors, there will be no fees involved with the digital yuan.
Digital Yuan Vs. Bitcoin
While the digital yuan has the backing of the PBOC, there are several ways in which it cannot complete, technically, with bitcoin. Chiefly, it is not decentralized (and therefore not much different than the paper version of yuan) and will not leverage a public, immutable blockchain ledger as Blockchain does.
There are two main reasons why the PBOC is not willing to run their digital currency on blockchain: First, experts have doubts that any network could handle the sheer volume of daily transactions of China’s population of 1.4 billion. Second, the decentralization and transparency inherent in blockchain technology are two concepts that go against the Chinese government’s goal to “strike a balance” between anonymity and the need to crack down on financial crimes, according to the central bank’s officials.
The digital yuan could allow the PBOC to control bank lending more closely and to direct funding where it deems appropriate, but a central-bank-controlled digital yuan will never truly compete with the value propositions of Bitcoin.
The economic impact of the forthcoming DCEP is still unclear, and only the future will tell if centralized digital currencies will help or hinder China’s economy. What is clear is that this is a new chapter in the ongoing battle between the fiat currencies controlled by central banks and bitcoin’s peer-to-peer, pseudonymous offering.
This is a guest post by Judy Smith. Opinions expressed are entirely their own and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.
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The repercussions of poorly chosen business names can force companies to rebrand. Subway was known as Pete’s Super Submarines until 1968 when they had to change their name because it was often misheard as “pizza submarine”. WW, formally known as Weight Watchers, chose to rebrand their company name in 2018 to reflect a trend towards body positivity and wellness.
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The steps to creating a strong business name are only five steps away. First, listing keywords and phrases that match your brand. Next, create a long list of name ideas, making sure to ask for feedback from those around you. Stick to words that make sense rather than names that will get a laugh. Third, search the Trademark Electronic Search System and state databases for businesses with the same name or similar names. Avoid using names and trademarks that are already in use. Consider how you will brand your business name. Asking yourself the following questions can help. How does the business name fit within my brand? How will it be represented in a logo design and brand colors? Finally, check for website and social media availability.
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62081
Bitcoin on track for biggest weekly fall since September as Janet Yellen and ‘double spend’ report spook speculators
2021 is shaping up to be a momentous year for Bitcoin as the price hurtles toward $40,000 — more than double its 2017 all-time high. As HODLers rejoice and naysayers are left in disbelief, it’s important to note that a lot has changed in the world since 2017, making this bull run infinitely disparate from the previous one. Global pandemic and political mayhem aside, many other things have changed in the last few years, even in the microcosm of Bitcoin. In short: Bitcoin, not shitcoinsAccumulation, not tradingInstitutions, not consumers Bitcoin, Not Shitcoins In 2017, bitcoin was like a gateway drug...
January 24, 2021
January 24, 2021
bitcoinfolio
62079
Bitcoin 2017 Vs. 2021: How This Bull Run Is Different
Ethereum has seen some notable strength today despite Bitcoin’s lackluster price action This has allowed it to gain some serious ground on its BTC trading pair, and the crypto is on the cusp of seeing a massive breakout Where it trends in the mid-term will undoubtedly depend at least partially on whether or not bulls can take firm control of its price action Analysts have noted that where it trends in the mid-term will likely depend on its reaction to a few key levels The current demand zone for the crypto sits around $1,160, whereas its resistance sits at $1,260...
January 23, 2021
January 23, 2021
bitcoinfolio
62077
Here’s the Key Demand Zone Ethereum Might Test Before Surging Higher
Bitcoin (BTC) Price Prediction – January 23 The Bitcoin price is seen slowing down for another correction within the upward trend. BTC/USD Long-term Trend: Bullish (Daily Chart) Key levels: Resistance Levels: $39,500, $41,500, $43,500 Support Levels: $25,500, $23,500, $21,500 BTCUSD – Daily Chart BTC/USD may need to face a setback for now; this might not be a permanent one. The coin is likely to have a bullish run in the short-term but a price rally may help the coin to cross above the 9-day and 21-day moving averages. Currently, Bitcoin is trading around $31,857 level after a free fall from...
January 23, 2021
January 23, 2021
bitcoinfolio
62075
Bitcoin Price Prediction: BTC/USD Stagnant Under $32,000; Price Correction Still in Focus
Swedish payments firm Trustly is reportedly plotting a second quarter IPO that could value the company at €9 billion. Trustly’s owner, buyout group Nordic Capital, is working with Goldman Sachs, JP Morgan and Carnegie and is in the process of hiring more banks with a view to launching the IPO in late April or early May, according to unidentified sources cited by Reuters.Like other payments processors in Europe, Trustly is riding a wave of investor interest as the Coronavirus pandemic pushes more transactions online. Founded in 2008 and with offices in Sweden, Spain, Malta, Germany and Britain, Trsutly processes more...
January 23, 2021
January 23, 2021
bitcoinfolio
62073
Sweden’s Trustly sets course for potential €9 billion IPO
Cryptocurrency exchange OKCoin is pushing further for mainstream adoption of the Lightning Network, which was introduced earlier in 2018 to solve Bitcoin’s scalability problem.The global platform said today in a blog post that it will integrate the Bitcoin Lightning Network in Q1 2021, which allows users to deposit and withdraw more money faster, as well as send larger transactions.OKCoin emphasized that the scaling technology will drive significant improvements in speed and fees, claiming that its customers will be able confirm transactions within a few seconds instead of up to an hour currently required for three confirmations on the Bitcoin blockchain.The integration...
January 23, 2021
January 23, 2021
bitcoinfolio
62071
OKCoin To Integrate Bitcoin’s Lightning Network This Quarter
Huobi Futures, the crypto derivatives market of Huobi Group, today said a total of more than $2.3 trillion has been traded on the platform in 2020.Trading volumes peaked in the fourth quarter this year, with an average daily trading volume reaching $12.3 billion, according to information revealed by the company. This figure was up by 402% when weighed against less than $3 billion exchanged hands per day in 2019.Huobi said it outperformed OKEx in coin-margined futures trading volume in October and November, the statement noted, with a total traded volume of $66.2 billion and $124 billion, respectively.In the first half of...
January 23, 2021
January 23, 2021
bitcoinfolio
62069
Huobi Futures Reveals $2.3 Trillion Trading Volumes in 2020
The US-based cryptocurrency exchange Kraken has announced new trading pairs available to customers from the UK and Australia Investors in the UK and Australia will be thrilled following Kraken’s move to expand its listings. The exchange has introduced a total of 14 new assets that can be traded against the British pound sterling (GBP) and Australian dollar (AUD). The addition also features 26 new trading pairs. Half (13) of the new trading pairs are tied to the Australian dollar and the other half to the pound sterling. According to a blog post published yesterday by the exchange, Kraken is looking...
January 23, 2021
January 23, 2021
bitcoinfolio
62067
Kraken targets Australia and UK markets with new additions
Hey there, Geckos! Our November Monthly Report is here! It’s been quite a roller coaster ride this past month with so much going on in the crypto space. To name a few, Bitcoin (BTC) successfully hit a new All-Time High at $19,725, DeFi protocol hacks that cost nearly $70 million in losses, as well as a new yearly high in open interest for the Bitcoin Derivatives market. In addition to that, we saw large financial corporations such as Square, PayPal, and DBS Bank continue their efforts in adopting it as part of their hedging strategies. Here are our 5 key...
January 23, 2021
January 23, 2021
bitcoinfolio
62065
November 2020 CoinGecko Monthly Crypto Report
november-2020-coingecko-monthly-crypto-report
January 23, 2021
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January 23, 2021
January 23, 2021
bitcoinfolio
62063
Why people are so obsessed with bitcoin: The psychology of crypto explained
Listen To This Episode: In this episode of “The Van Wirdum Sjorsnado,” hosts Aaron van Wirdum and Sjors Provoost discussed the newly released Bitcoin Core 0.21.0. Bitcoin Core 0.21.0 is the 21st and latest major release of the Bitcoin Core software, the oldest and most important Bitcoin node implementation, which is often also regarded as the reference implementation for the Bitcoin protocol. Guided by the Bitcoin Core 0.21.0 release notes, van Wirdum and Provoost discussed this release’s most important changes. These include the new mempool policy for rebroadcasting transactions, Tor v3 support, peer anchors for when the node restarts, BIP...
January 23, 2021
January 23, 2021
bitcoinfolio
62061
Discussing Bitcoin Core 0.21.0
discussing-bitcoin-core-0-21-0
January 23, 2021
0
Kronos, a new application beta from the developers of Denarius (D), provides people a way to socialize and transact without a central authority. This new proof of concept takes decentralization, blockchain and privacy to the next level.“Blockchains like Bitcoin and Ethereum have paved the way of innovation for cryptocurrencies and new applications like Denarius (D): Kronos, to bridge the gap for a faster and cheaper way to transact and utilize cryptocurrency.” — James R. (Cryptocurrency User)Kronos, a new application beta from the developers of Denarius (D), provides people a way to socialize and transact without a central authority. This new...
January 23, 2021
January 23, 2021
bitcoinfolio
62059
Denarius Announces Beta of Kronos Wallet and Private Decentralized Chat
Ethereum has been trading as a higher beta asset to Bitcoin as of late, closely tracking the benchmark crypto but seeing more drastic movements Last night’s Bitcoin selloff proved to be somewhat dire for ETH, with it sending the cryptocurrency down to lows of $1,040 This decline marks a 30% retrace from ETH’s recent highs of $1,450 that were set just a few days back In the time since these lows were set, however, Ethereum has posted a strong v-shaped recovery that could mark a macro bottom One trader spoke about its performance in a recent tweet, noting that its...
January 23, 2021
January 23, 2021
bitcoinfolio
62057
Ethereum Could See an Explosive Move Higher Following Massive 20% Surge
ETH Price Prediction – January 22 After touching the daily low of $1039, the price of Ethereum is seen recovering to the upside at the $1238 level. ETH/USD Market Key Levels: Resistance levels: $1400, $1500, $1600 Support levels: $900, $800, $700 ETHUSD – Daily Chart ETH/USD is seen trading towards the resistance level of $1250 level within the ascending channel. Yesterday’s decline has been largely attributed to the fact that Ethereum plummeted pretty significantly. More so, ETH/USD is moving above the 21-day moving average but it can rise higher and break above the 9-day moving average at around $1250. If...
Monzo will be the first major UK challenger to face the same fate as defunct Australian neo bank Xinja, unless it changes its approach towards a more sustainable future, says GlobalData banking analyst Ketherine Long. Australian neobank Xinja pulled the plug on its banking operations in December, after failing to develop any revenue-generating products to offset its spiralling cost-base.Long says that Monzo, having woken up last year to this predicament, is struggling hard to get out.“For Monzo, the problems are only slightly different - though not much better. By creating a leading current account product that generates practically no revenue,...
January 23, 2021
January 23, 2021
bitcoinfolio
62052
Could Monzo suffer the same fate as doomed Australian challenger Xinja?
Foreign exchange trading volumes across Refinitiv Matching and FXall platforms decreased slightly in December 2020 from the previous month, the company said on Friday.Turnover in all products including cash, forwards, swaps, options and non-deliverable forwards were reported at $436 billion in December 2020. This figure was down 1.8 percent from $444 billion in November 2020, but reflects a 10 percent increase from $395 billion in December 2019.The former Financial and Risk business of Thomson Reuters reported in November its best metrics since March, when turnover hit an average daily $540 billion, the highest in its volumes data going back to February 2013.Of the...
January 23, 2021
January 23, 2021
bitcoinfolio
62050
Refinitiv Reports Slight Drop in FX Volumes as Year-End Lull Weighs
Coinbase, the most popular US platform to buy and sell cryptocurrencies, has revealed that it has had an explosion of incoming capital in 2020. Its assets on the platform currently stand at $90 billion, highlighting a string of bullish events that have unleashed a wave of institutional adoption.The San Francisco-based firm revealed in November that its custody service controls $20 billion worth of cryptocurrencies, $14 billion of which were accumulated in less than six months.Bitcoin’s rising mainstream acceptance has resulted in bringing the total number of accounts on Coinbase north of 43 million in over 100 countries.The mega crypto venue...
January 23, 2021
January 23, 2021
bitcoinfolio
62048
Coinbase Has 43 Million Users, $90 Billion in Platform Assets
Massive sell pressure saw the leading cryptocurrency tumble and lose over $6,500 earlier today Bitcoin’s price has slumped to below $29k today for the first time since 5th January. The digital asset bled value heavily, setting a low of $28,800 on Binance owing to strong selling in the last two days. This drop takes the week’s slip to almost 20%. However, the crypto coin has tried to stabilise since bottoming out. At the time of writing, bitcoins are changing hands for $31,176.60 on Binance. This current price represents a 9.81% dip in the last 24 hours. Analysts claim the slump...
January 23, 2021
January 23, 2021
bitcoinfolio
62046
Bitcoin drops below $29k erasing most of its 2021 gains
What is Eth2? Eth2 refers to the latest infrastructure upgrade of the current Ethereum blockchain (Eth1), which would improve the network’s scalability, efficiency, and sustainability by ironing out the existing bottlenecks and enabling the network to process more transactions. How does Eth2 differ from Eth1? Eth2 aims to solve three issues that have been haunting Ethereum: ScalabilityThe Ethereum network currently processes about 14 transactions per second (TPS). When demand surges, network users outbid each other in an attempt to have their transactions processed first.The increase in the network’s activity would cause the ecosystem to become congested and result in a...
January 23, 2021
January 23, 2021
bitcoinfolio
62044
What is Ethereum 2.0 (Eth2) about, and how will it affect you?
Posted by: Bitcoin News Editor in Bitcoin News Wire 4 hours ago Bitcoin was on a tear up until two weeks ago, topping $40,000 on Jan. 7. Here’s what experts are watching now. Steve Weiss, CIO at Short Hills Capital Partners, is skeptical bitcoin can make the leap …Read Full Story The ForexTV Bitcoin editor automatically searches and aggregates stories related to bitcoin and other crypto currencies. Latest posts by Bitcoin News Editor (see all) Source
January 23, 2021
January 23, 2021
bitcoinfolio
62042
Bitcoin bounces after drop from all-time highs: Four market analysts on what they’re watching
This essay strives to explain the Cantillon Effect and how the natural unfairness of all previous monies have always created a world in which the privileged few could take advantage of the unprivileged many. We explore how bitcoin, as the world’s most fair money, alleviates the prevalence of the Cantillon Effect and creates a fairer, more equitable and prosperous world for all. What Is The Cantillon Effect? “The Cantillon Effect refers to the change in relative prices resulting from a change in money supply. The change in relative prices occurs because the change in money supply has a specific injection...
January 23, 2021
January 23, 2021
bitcoinfolio
62040
Cantillon Effect 2.0: Bitcoin Is The World’s First Truly Fair Money
Email is far from dead. By 2024, more than 361 billion emails will be sent a day, making it a powerful and cost-effective marketing tool. Email marketing alone acquires 40x more customers than Facebook and Twitter campaigns combined. The vast majority of marketing professionals express that email engagement is one of their top metrics for measuring content performance, and 59% say email is their biggest source of ROI.To achieve effective email marketing success, marketers need to know how to boost email open rates, increase click rates, and avoid spam complaints. Less than one-quarter of marketing emails are opened by recipients....
January 22, 2021
January 22, 2021
bitcoinfolio
62038
How to Pick the Best Email Marketing Services
how-to-pick-the-best-email-marketing-services
January 22, 2021
0
Click to download audio version What’s the big deal about masks, anyway? Are they actually effective? Are they nothing more than a fashion statement? Or are they actively harmful to us? Allan Stevo joins Tatiana and Josh to talk about why he thinks we’d be better off without those little patches of cloth or paper that we’ve all been told are essential to help stop the spread of COVID-19.About the Guest:Allan Stevo is a founding member of the New York Bitcoin Center where he served as the head market maker during its early open outcry operations. In that capacity Stevo...
January 22, 2021
January 22, 2021
bitcoinfolio
62036
Allan Stevo: Masks in One Lesson – The Tatiana Show Ep. 291
Bitcoin price has now pulled back a full $13,000 from 2021 high to low. Yesterday’s massive bearish, red candle is one obvious sign that the trend is turning. However, a technical analysis tool used to gauge the strength of trends also confirms that bears have taken over the reigns from bulls and it could lead to a short-term downtrend. Bitcoin Bears Regain The Upper Hand, Reclaim Crypto For First Time Since October Bitcoin is undeniably in an uptrend, and according to comparisons with past market cycles, things are only just getting warmed up. But that doesn’t mean that the higher...
January 22, 2021
January 22, 2021
bitcoinfolio
62034
Bear Trend Begins To Take Hold In Bitcoin For First Time Since October 2020
A new report from advisory firm Aite Group, prepared in partnership with eToroX suggests that the barriers to institutional entry in cryptocurrencies are decreasing. However, insufficient market capitalization continues to be a problem for large investors. What are institutions worried about? According to the report, 5 key factors can play the most crucial role in increasing the adoption of crypto assets by institutional clients. This includes technological innovation, market liquidity, the role of credit, security and custody, and market structure. Institutional investors have increased their presence in the crypto markets. This has been possible because of the reduction in immature...
January 22, 2021
January 22, 2021
bitcoinfolio
62031
New Report Claims Barriers to Institutional Crypto Adoption Decreasing
Ireland's competition watchdog has rejected a plan by four of the country's biggest banks to create a joint payments app, but says it is willing to "further engage" on the issue. Earlier this month Bank of Ireland, AIB, Permanent TSB and the Irish arm of Belgian bank KBC outlined plans to set up Syntech Payments, a joint venture company to oversee the project, which is designed to take on the likes of Revolut.The partners sent a notification letter on the issue to the Competition and Consumer Protection Commission (CCPC), which has now been rejected.Explaining its decision, the CCPC says the...
January 22, 2021
January 22, 2021
bitcoinfolio
62029
Irish bank payments app JV hits competition watchdog roadblock
Singapore Exchange (SGX) reported financial results for H1 of FY21 today as revenue and net profit spiked in the last half, compared to the same period in 2020. The exchange recorded S$521 million revenue in H1 of FY21, a 9% year-on-year jump.According to the official press release, the net profit of SGX jumped 7% in H1 of FY21 to reach S$228 million. Interim quarterly dividend per share stood at 8 cents. The announced dividend will be payable on 8 February 2021.The performance of currencies and commodities derivatives remained exceptional as their revenue increased 18% to S$92.5 million. The overall equity...
January 22, 2021
January 22, 2021
bitcoinfolio
62027
Singapore Exchange Reports Strong Financial Results in H1 FY21
Nasdaq-listed Bitcoin miner, Bit Digital (Nasdaq: BTBT) is facing a class-action lawsuit in the United States as investors are blaming the company for making false and misleading statements.First reported by Coindesk, the lawsuit was filed on Wednesday in the Southern District Court of New York, representing the investors who bought a stake in the mining company between December 21, 2020, and January 8, 2021.Serious Allegations against the CompanyThe lawsuit is based on several allegations against Bit Digital by J Capital Research.“[Bit Digital] tried to downplay the criminality,” the US-based research company wrote.The primary allegation in the lawsuit includes the misrepresentation of...
January 22, 2021
January 22, 2021
bitcoinfolio
62025
Bitcoin Miner Bit Digital Faces Class-Action Lawsuit for Alleged Fraud
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