Blockchain gaming platform Enjin is opening up its wallet to Chinese users ahead of a planned expansion into the Asian nation.
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Bitcoin Below $7,000, Clear Regulations Related to BTC Price Volatility
On Monday, April 20, 2020, Bitcoin (BTC) price dropped below $7,000. The fall comes amid coronavirus pandemic as findings by new research shows that clear regulation has a direct effect on Bitcoin price volatility. Bitcoin (BTC) price has seen its talk and analysis sharply rise almost making some forget we are amidst a deadly coronavirus pandemic. With 2020 halving just around 3 weeks to go, its price is being monitored very closely, owing to the number of both retail and institutional investors betting on the asset. At the time of reporting, the Bitcoin U.S. dollar derivative was trading at around $6,880 after being unable to push beyond the last two months all-time high. This is approximately 4% in regards to the day’s opening, whereby the asset was trading slightly above $7,100. Bitcoin Technical View Point The asset has been rising steadily since the free fall that took place in March, which left the asset trading half the price it was trading before the coronavirus scare, slightly above $10K. its analysis is becoming complex by the day owing to the fact…
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Bitcoin Is Re-Entering A Bull Market, Fundstrat’s Tom Lee Confirms
Fundstrat’s head of research asserts that Bitcoin has crossed its two hundred day moving average. This move represents a notable market move, and supports evidence that the leading crypto-asset will experience big gains this year. A Bitcoin Bull Market Has Begun, Says Lee Thomas Lee, the Head of Research at Fundstrat Global Advisors, has tweeted his latest analysis of Bitcoin’s recent price movement, along with claims that the flagship cryptocurrency appears to be in a recovery. Lee bases this claim on Bitcoin’s 200-day moving average, which has now been crossed. Notably, this move is a strong indicator of an emerging bull market. Bitcoin moved back above its 200-day moving average on 1/27… positive milestone and reinforcing 2020 shaping up to be great year for $BTC #bitcoin – whenever BTC >200D, win-rate (6M forward) jumps to 80% and essentially “re-entering” bull market (>200D)#BTD #bestasset2020 pic.twitter.com/YbpQYHpLaj — Thomas Lee (@fundstrat) January 29, 2020 Lee has also stated that Bitcon’s year-to-date gain of 26% represent the largest of any major asset class, with the cryptocurrency’s use as a safe haven asset being a…
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Bitcoin is About to Test a Crucial Support Level After Intense Overnight Volatility
Bitcoin (BTC) found itself caught in the throes of intense volatility over the past several hours, with its recent bout of sideways trading within the mid-$10,300 region resulting in a major overnight drop down towards $10,000. Bulls were able to push Bitcoin slightly higher after this drop occurred, with buyers ardently attempting to defend the key psychological price level of $10,000. It now appears, however, that the crypto is quickly approaching a critical technical support level that has been formed throughout the course of the crypto’s recent uptrend, with a break below this level opening the gates for significantly further downside. Bitcoin Plummets Towards $10,000 During Sharp Overnight Movement At the time of writing, Bitcoin is trading down just under 1% at its current price of $10,240, which marks a notable decline from daily highs of over $10,400 that were set during yesterday’s slow upwards grind. This drop first occurred overnight during a sharp movement that led the crypto to as low as $10,100, which is where bulls stepped in and helped guide BTC back up to $10,300. From this…
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Tradelize Ecosystem: Meeting All The Needs of Crypto Professional Traders
As the cryptocurrency ecosystem becomes more professionalized and larger as time passes, traders are searching for new tools that would help them improve their trading strategies and performance. Although there are many platforms in the space, not all of them are able to meet the needs of exigent traders and users. This is where Tradelize ecosystem appears. This cryptocurrency trading ecosystem has been thought in order to meet all the needs of professional traders. Users will be able to use a wide range of tools that are divided into three main components: the Tradelize Traders Network, the crypto terminal Tradelize and the Tradelize mobile application. Users will find that the whole ecosystem is fully customizable, allowing them to improve their trading strategies. Newcomers can easily start learning and improving their strategies by using demo accounts. Tradelize was created by a team of experts with ten years of experience that wanted to create an entire ecosystem to help investors in the market have the best possible experience while handling cryptocurrencies. This would let them adapt to the latest trends in the…
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MARKETS DAILY: Bullish Bitcoin Dreams and a 2019 to Remember
With bitcoin first dipping, then spiking up 10% yesterday, we’re talking market action, new Federal Reserve comments, the challenges of exchange and taking a look at CoinDesk’s annual most influential list… No time to listen? Scroll down for the full episode transcript with links. More ways to Listen or Subscribe (MP3 Download Here) Crypto, Regulatory and Wall Street News Roundup DEX’s & CEX’s (Decentralized and Centralized Exchanges) with Sebastian Sinclair Our Most Influential People of 2019 On Today’s episode, it’s Bitcoin’s BIg Bounce, DEX’s and CEX’s, and a look at our Most Influential of 2019 list. Adam B. Levine: It’s December 19, 2019, and you’re listening to Markets Daily, I’m Adam B. Levine, editor of Podcasts here At Coindesk, along with our senior markets reporter, Brad Keoun, to give you a concise daily briefing on crypto markets and some of the most important news developments in the sector over the past 24 hours. Adam: We kick things off with Brad, who’s been watching the action in the overnights. (MARKET UPDATE) SEGMENT 1 Brad Keoun: December is often a key month in…
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Alleged Tencent Leak Suggests Coronavirus Death Toll Spiraling to 25,000
The Communist Party of China has been accused of underreporting coronavirus cases and deaths. Allegedly-leaked data from Tencent suggests that coronavirus may be far more fatal than what is being reported. The Chinese government’s panic speaks volumes. Rumors that the Communist Party of China (CCP) is underreporting the extent of the coronavirus outbreak continue to swirl. And the evidence is mounting too. According to a new report in Taiwan News, Tencent may have accidentally leaked “real” statistics on the coronavirus outbreak that far outpace the official numbers. Report: Tencent ‘Leak’ Suggests Coronavirus Is More Fatal Than SARS Tencent has been providing up-to-date statistics on the number of coronavirus cases and deaths. Taiwan News’ report indicates that, over the weekend, the “Epidemic Situation Tracker” briefly listed total coronavirus infections at 154,023 cases. More worryingly, the report suggested that the virus had led to 24,589 deaths. Source: Twitter (screenshots via Taiwan News) Moments after publishing these numbers, Tencent allegedly updated the page to reflect the “official” government numbers. Anecdotal reports cited in the Taiwan News report suggest this has happened on at…
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Why a Top Analyst Thinks Ethereum Bulls Will Be on Hiatus in March
Ethereum, despite what you may think, did not see a positive 2019. The second-largest cryptocurrency by market capitalization registered a slightly negative performance in 2019, which was starkly contrasted by Bitcoin’s yearly gain of over 90%. This meant that the market for ETH/BTC fell off a cliff, with the price of one Ether falling as low as 0.016 BTC — the lowest the pair had been in years and around 90% below the all-time high well above 0.1 BTC. Related Reading: Crypto Tidbits: Bitcoin Plunges Under $9,000, Bitfinex and OKEx DDOS Attacks, Warren Buffett Bashes Cryptocurrency Again Though, over the past two months, Ethereum has shot higher against the U.S. dollar and against BTC, buoyed by the sentiment that there is an impending altseason, coupled with positive fundamental developments for the project. Unfortunately, a prominent analyst does not expect this strength to last, recently suggesting that ETH/BTC is likely to underperform as we move into March. Could Ethereum Start Underperforming Bitcoin? Luke Martin, a CNN-featured cryptocurrency analyst and industry podcaster, recently explained that he is “expecting ETH underperformance” as the crypto market…
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MRNA Stock Up 1.32% Now, Moderna Proceeds for Phase 2 Testing of Coronavirus Vaccine
Moderna Inc proceeds ahead for the Phase 2 clinical trial of its vaccine to fight with the coronavirus. The company has received a nod from the Food and Drug Administration to proceed ahead with the project. MRNA stock is in the green in the pre-market. While the world is going through some of the most testing times, there’s still a ray of hope. Medicinal scientists and professionals have accelerated their fight against the novel coronavirus pandemic. In the latest development, Moderna Inc (NASDAQ: MRNA) has submitted a new application to the FDA. This application from Moderna seeks consent to proceed for the Phase 2 clinical trial of its novel coronavirus vaccine candidate mRNA 1273. This trail will involve 600 participants and examine two injections of the COVID-19 vaccine, each 28 days apart. There are two dosages each of 50 grams and 250 micro-grams. Moderna Vaccine Trial Moderna said that it has received an FDA nod for the Phase 2 trial which will commence in the second quarter of 2020. Moreover, the trial will also involve some sort of split testing….
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Bitcoin (BTC) Loses Bullish Momentum, Bears Ready To Take Over
Bitcoin (BTC) has finally entered bearish territory. The price has now closed below the 200 Day EMA for two consecutive days. It is very likely that we might see a sharp decline in BTC/USD from current levels in the days ahead. However, traders need to watch out for manipulation because we still see attempts to shake out the bears. In the past few days, we have seen numerous attempts to shake out the bears at key turning points. There is usually a big spike that ends up liquidating shorts which is then followed by a move to the downside. So, the price ends up doing what it is supposed to do anyway but without those retail bears onboard. It is important to realize that the stakes are too high for a lot of people at this point. So, it makes sense that they are not going to let so many people win that easy. Besides, they want to keep the bulls optimistic and trap in as many of them as possible before the next decline. Recently, we have seen many…
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EMusic Launches Token to Help Artists Earn More
Pioneering digital music store eMusic has launched its eMU token to help musicians earn more royalties. According to an announcement published by eMusic on May 26, the firm launched its token with the aim of creating a sustainable music ecosystem. The eMU crypto asset is a payment method designed to allow artists on the platform to keep more of the royalties they earn. The firm’s president Tamir Koch said streaming had not worked out well for artists: “Streaming has dramatically increased revenues and adoption, but the model has proven itself to be fundamentally flawed. […] Hard-up artists receive a fraction of the royalties, while intermediaries take an ever-growing slice of the pie and leading services remain loss-making.” Transparent flow of royalties to the artists Koch said that the eMU token creates a new commercial model that results in a fairer flow of funds between fans, artists and music services. An eMusic spokesperson told Cointelegraph: “Blockchain enables us to decentralize music distribution so that we can unlock more revenue for artists, and provides unparalleled transparency over music consumption. The beauty of…
