Numerai Raises $3M in Another NMR Token Sale With Union Square Ventures, Placeholder
Numerai has sold an additional $3 million in NMR tokens to a slate of investors led by Union Square Ventures on the strength of its latest product, Erasure.
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Key Indicator Signals that Year-End Could Be a Positive Time for Bitcoin
Bitcoin has had a rocky past few weeks and months as BTC failed to maintain its foothold within the five-figure price region and has continued to face heightened selling pressure over the past several days and weeks. This bearish price action has significantly hampered the overall sentiment surrounding Bitcoin and the aggregated crypto markets, but one key technical indicator is now noting that the crypto could end the year on a high note. Bitcoin Struggles to Garner Buying Pressure as Sentiment Dives At the time of writing, Bitcoin is trading down nearly 2% at its current price of $8,050, which marks a notable retrace from its recent highs of over $8,500 that were set earlier this week. It is important to note that Bitcoin’s lackluster price action that has occurred over the past several days and weeks has been the result of its violent break below $10,000 that came about in September after the crypto broke below the apex of the bearish descending triangle that it had been caught in for the summer months. BTC’s bearish price action as of…
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“A decentralized social platform” – Jack Dorsey launches “new Twitter” |
Twitter Facebook reddit Pinterest Hacker News LinkedIn Tumblr Google+ VKontakte Twitter CEO, Jack Dorsey, has been a big fun of decentralized technologies, openly promoting the development of Bitcoin and Bitcoin related payment products on Twitter (Lightning Network integration) and Square’s BTC integration. Now, Jack wants to build and develop a decentralized social media platform – BlueSky. In a series of tweets, the Twitter chief stated the centralized internet is facing huge issues including centralized enforcement of global policy to address abuse and misleading information, the over-reliance on controversial and outrageous statements instead of informative statements and proprietary recommendation algorithms on sites. Twitter is funding a small independent team of up to five open source architects, engineers, and designers to develop an open and decentralized standard for social media. The goal is for Twitter to ultimately be a client of this standard. 🧵 — jack 🌍🌏🌎 (@jack) December 11, 2019 In a bid to curb the issues facing centralized social media platforms, Jack aims at providing a “decentralized, open and durable platform to enhance hosting, governance, and monetization”. Blockchain provides the…
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Vitalik Buterin: Blockchains Will Discourage Monopolies, Not Create Them
Vitalik Buterin has called for lawmakers to be more accommodating to blockchain protocols, saying they can actually help antitrust agencies fight monopolies and anti-competitive behavior. ,
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EY, Microsoft and ConsenSys Launch Enterprise Platform on Ethereum Mainnet
Global taxation and transaction advisory firm EY have announced the launch of their open-source Baseline protocol. Baseline comprises a smart contract and tokenization platform built for enterprises on top of the Ethereum blockchain. Baseline was founded by EY in partnership with Microsoft and ConsenSys, and was developed in collaboration with many companies operating in the cryptocurrency sector, including Chainlink, MakerDAO, Unibright and AMD. The platform’s code has been made available to select entities by invitation and will see a public release before April. Baseline features zero-knowledge proofs and off-chain storage to protect privacy In a video published by development partner Unibright, the platform is described as an “open-source protocol for secure and private business processes via public Ethereum Mainnet.” The protocol will support tokenization and decentralized financial services on its mainnet. Baseline integrates zero-knowledge proofs, off-chain storage and distributed identity to prevent corporate data, assets, or activities from being compromised. The platform will tokenize business outputs such as purchase orders and receivables, and facilitates “blockchain applications that link supply chain traceability with commerce and financial services.” Baseline supports industry-wide tokenization…
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Analyst Who Called Bitcoin Price Plunge Cools Sub-$5000 Fears
Bitcoin price could drop to $6,000s says Dave the Wave. BTC is set for its worst month in 2019. The cryptocurrency’s recovery was rejected at $7,400. The bitcoin price could retrace back to the $6,000 region but is unlikely to drop to the $5,000s, according to a prominent cryptocurrency trader. Technical analyst Dave the Wave, who accurately predicted the bitcoin price to drop to $6,800 since early 2019, said: A closer look of the comparison. On the basis of this chart, while 6K might be possible, 5K looks unlikely. One metric to look at besides others. Given the potential to the upside, I reckon you’d be best to slowly average in…. pic.twitter.com/unAbtHXyVH — dave the wave (@davthewave) November 27, 2019 Bitcoin has shown an extended correction throughout November without a strong reaction to an intense sell-off. Since November 5, the bitcoin price has fallen from $9,600 to $7,075 by 26% against the U.S. dollar. Is the relief rally of bitcoin already over? On November 5, when the bitcoin price dropped to as low as $6,500 on major platforms including BitMEX,…
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IMF Economist Says Blockchains Adoption Must Not be Rushed
Sonja Davidovic has warned banks not to get involved with blockchain technology and first analyse it further before any steps are taken. Davidovic claims that central banks face huge risks with these technologies. At the end of last week, three cryptocurrency experts talked about the challenges and prospects of central-bank issued digital currencies at the Massachusetts Institute of Technology (MIT) Bitcoin Expo 2020. The experts in question were very well aware that distributed ledger technology could improve the existing level of the monetary system and argued that there will be significant challenges ahead in regards to privacy and scalability of blockchains. An Economist with the International Monetary Fund (IMF), Sonja Davidovic has warned central banks not to get quickly involved with blockchain technology and first analyse it further before any steps are taken. She said, “What we’ve seen a lot is that there’s a hype out there and people are quickly jumping to choosing that technology just because it’s popular.” She further went on to say: “That certainly happened with blockchain. The result of that is that we’ve seen central…
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To Stop the Spread of COVID-19, a Temporary Halt on Amazon Deliveries Is Needed
Amazon has at least ten confirmed cases of COVID-19 across its U.S. warehouses. COVID-19 can remain “stable” on cardboard for 24 hours, three days on plastic and stainless steel. U.S. senators have questioned Amazon’s working conditions and if they are putting the country at risk. As coronavirus gripped headlines over the past several weeks, at least ten confirmed cases of the illness has spread across Amazon’s vast U.S. warehouses. Two New York facilities, along with warehouses in Kentucky, Florida, Texas, Michigan, Oklahoma, California, Illinois and Connecticut have had at least one employee test positive for COVID-19. Delivery drivers and warehouse workers have claimed they lack protective gear like gloves, masks and goggles amid the outbreak and don’t even have enough hand sanitizer to wipe down their workstations. Despite social distancing guidelines, warehouse workers still work closely As demand for Amazon’s services increases, expectations of delivery drivers to deliver their packages and complete routes faster continue to grow. This means that even if they did have the necessary supplies, they wouldn’t have time to wipe down all of their packages to…
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Can Bitcoin Price Hit $424,000 Sometime in Late 2021?
YouTube bitcoin and crypto price analyst Benjamin Cowen yesterday released a new video examining the BTC 20-week moving average (20MA) as a macro-level market indicator. What does it say? Bitcoin Price: Support or Resistance Based on historical data, when the 20MA is acting as support for BTC price, Bitcoin has tended to be in an extended bull market. Conversely, the times that 20MA has acted as resistance against the upward movement in Bitcoin price, have been during bear markets. In the last market cycle, the Bitcoin price broke above the 20MA in June 2015. However, it didn’t stay above this level, until 33 weeks later in February 2016, thereafter creating support. In this present cycle, we first broke above the 20MA in March 2019. We stayed above this level without needing it as support for about 26 weeks, then dipped back below, and have recently retaken the 20MA, 43 weeks after first breaking above it. Where Do We Go From Here? Obviously, there is no indication yet as to whether the 20MA will now act as support for an extended…
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AMD has High Hopes for the Blockchain Gaming Industry » The Merkle Hash
It has been a very prominent year for the blockchain gaming industry. So much even that AMD is now ready to jump on this bandwagon. Earlier this week, it became clear that the blockchain gaming industry welcomed some new powerful partners. AMD Shifts its Attention to Blockchain Gaming AMD has joined the Blockchain Game Alliance and expects to forge partnerships with various technology providers. This alliance aims to drive the adoption of blockchain technologies in the gaming industry to new heights. AMD will contribute to this alliance through efficient and high-performance computing technologies. With that hardware to fall back on, more powerful and encompassing blockchain gaming projects can be established in the years ahead. Moreover, AMD will partner Robot Cache and ULTRA, two entities already active in the world of online gaming. Both projects are marketplaces which will benefit from AMD processors and graphics cards. In the dApp industry, blockchain gaming projects tend to attract a lot of users. This is primarily due to users being able to own and trade the in-game items they find. All of these assets…
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Is Litecoin Leading the Crypto Market Back Toward 2015 Prices?
Litecoin is known for often being among the first altcoins to begin to see growth or decline after a period of sideways trading. Following the recent crash that shocked the crypto market, Litecoin has started to move once again and may be leading the market toward a devastating crash back to prices not traded at since 2015 – long before the epic bull run that put crypto on the map first began. Litecoin Leads the Path Toward Return to 2015 Prices Litecoin often leads the way. Which way that is, depends on the current market structure, sentiment, and a number of other factors. In early 2019, Litecoin led the market toward a recovery, fueled by the asset’s halving. In 2020, once again, Litecoin was among the first altcoins to rebound from lows and go on to set new local highs. Related Reading | Crisis Impact: Most Assets Returned to 2016 Prices While Bitcoin Holds Strong However, after those highs were tapped, Litecoin and the rest of the cryptocurrency market experienced a bloodbath alongside the stock market, precious metals, and more,…
