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  • Bitcoin Now in Firm Bull Territory; Here’s Why a Move to Fresh 2020 Highs is Imminent

    Bitcoin (BTC) saw some intense bull-favoring volatility this morning when the cryptocurrency rallied from $9,600 to over $10,000, with the latest upwards movement marking an ardent defense of the support that exists around $9,500. This latest break above $10,000 may lead the cryptocurrency to see significantly further upwards momentum, as it has marked a notable increase in the strength of BTC’s current technical situation. It is important to note, however, that the benchmark crypto may first see a pullback that leads it as low as $9,900, with a continued defense of this level making it a prime spot to enter fresh positions. Bitcoin Stabilizes Within $10,000 Region After Intense Morning Rally At the time of writing, Bitcoin is trading up just under 5% at its current price of $10,100, with its latest upwards movement allowing it to climb from $9,600 – which is where it had previously been caught within a multi-day bout of sideways trading. In the near-term it does appear to be likely that the cryptocurrency will see some further upwards momentum, as this latest movement seems to…

    Feb 19, 2020
  • Stellar’s Jed McCaleb Says His XRP Sell-Off Won’t Disrupt Crypto Market

    A recent Medium post from blockchain monitor Whale Alert showed that Stellar CTO Jed McCaleb sold off more than 1 billion XRP between 2014 and 2019. The post attempted to analyze whether or not McCaleb’s sale of XRP will affect the price of the crypto. Whale Alert noted that compared with other total trade volumes per day, the amount McCaleb is selling seems insignificant. Following up on this, McCaleb told Cointelegraph in an interview that it’s strange that so many people are focused on his recent trading of XRP, noting that others have sold much more in comparison. He said: “I have been transparent from the beginning. The market has known for years that I have been selling my XRP at a slow, steady rate. My investment decisions are not based on any desire to negatively impact other companies in this industry. I think the history to date shows there is no impact on the market, and I don’t see any reason why that will change.” McCaleb, who served as the co-founder of Ripple until 2013 and is now the…

    Feb 19, 2020
  • Bitcoin SV Soars 15% But Sellers Barricade $330 – What To Expect? |

    Twitter Facebook reddit Pinterest Hacker News LinkedIn Tumblr Google+ VKontakte Bitcoin SV stalls at $330 following an incredible recovery from $250. The bulls remain focused on breaking the resistance at $350. Bitcoin SV has been the best performing cryptocurrency in the market over the last 24 hours. With a more than 15% growth in value, BSV has literally dwarfed Bitcoin’s 0.33% rise. The surge was part of a recovery movement from the lows recorded on Monday at $250. Looking back at the performance in the last seven days, BSV has touched highs around $384. On the downside, the crypto has confirmed the presence of bulls at $250, a region that has kept BSV afloat despite the calls by the bears to see the price return to levels at the beginning of the year ($100). BSV/USD daily chart Twitter Facebook reddit Pinterest Hacker News LinkedIn Tumblr Google+ VKontakte Twitter Facebook reddit Pinterest Hacker News LinkedIn Tumblr Google+ VKontakte BSV/USD price chart by Tradingview Meanwhile, BSV/USD is exchanging hands at $310 and attempting to pull above the 61.8% Fib retracement level, taken…

    Feb 19, 2020
  • Enjin Launches Game Development Platform on Ethereum

    Enjin has announced the launch of its game development platform on ethereum, enabling potentially millions of developers to integrate crypto assets into games and apps with no knowledge of writing blockchain code. ,

    Feb 19, 2020
  • Lition blockchain node now deployable on Microsoft Azure » CryptoNinjas

    Lition, a blockchain for enterprises and regulated markets, announced today that Microsoft has officially integrated Lition as a blockchain-as-a-service (BaaS) provider on Azure. This makes Lition one of the few public/private blockchains currently supported by a major cloud provider like Microsoft. The first to bring blockchain to the cloud, Microsoft continues to remain at the cutting edge of blockchain adoption. Deploy Azure will provide Lition with the opportunity to gain additional traction and usage by making the technology visible to one of the largest customer bases and marketplaces in the industry. Organizations and businesses worldwide can now develop, test, and deploy Lition sidechains and applications easily and efficiently using Microsoft’s Azure cloud computing infrastructure. Further, Lition’s user community will enjoy a higher grade of convenience with streamlined deployment and management. Anyone can deploy sidechains or join the network as a validator through preconfigured settings on Azure that are available with the click of a button. This eliminates the need for setting up local servers and manually installing nodes. “Lition is committed to providing an accessible onramp to blockchain for all…

    Feb 19, 2020
  • Bitcoin Price Returns Above $10K, Here’s Why

    Bitcoin’s recent golden cross on the daily chart may have driven bullish enthusiasm for the leading crypto to reach a tipping point. With the upcoming halving, many investors are buying up sub 10K BTC in preparation of the supply-side shock. Golden cross has traders seeing visions of green candles After May, when Bitcoin’s upcoming halving takes place, the leading cryptocurrency will have an inflation rate of 1.8%, less than that of gold and US Dollars. This will only increase the asset’s store of value narrative, as it truly becomes a better store of value than any other safe haven asset. The halving is when miners receive half the scheduled block reward they currently receive for validating transactions in the Bitcoin network. Halvings were designed by Satoshi to create scarcity of existing Bitcoin supply to increase price, bootstrap new users, and create a positive feedback loop increasing Bitcoin adoption. They take place every 210,000 blocks, or roughly 4 years. Right before the last halving, we saw a similar golden cross chart formation on the BTC/USD chart, which led to a 218%…

    Feb 19, 2020
  • China Has the Secret to Fulfilling Elon Musk’s Affordable EV Pledge

    Tesla could reduce costs significantly by using cobalt-free batteries. Cobalt batteries are one of the most expensive components in electric vehicles. Elon Musk envisioned the Model 3 as a mass market car but it currently competes with luxury vehicles. One of the biggest factors preventing the mass adoption of electric vehicles (EVs) has been their price. Even after incentives, EVs are relatively more expensive than internal combustion engines. Tesla (NASDAQ:TSLA) could be on the verge of solving this by turning to the much cheaper cobalt-free batteries. According to Reuters, Tesla is negotiating with Chinese battery manufacturer Contemporary Amperex Technology (CATL) on the possibility of using cobalt-free batteries in cars made at Giga Shanghai. Currently, cobalt is one of the most expensive components in EV batteries. Major cost advantages Instead of nickel-manganese-cobalt (NMC) or nickel-cobalt-aluminum (NCA) batteries, CATL’s solution is lithium-iron-phosphate (LFP) batteries. A source told Reuters that using the latter could reduce battery costs by double-digit figures. Last year, Tesla CEO Elon Musk revealed that the cost of replacing battery modules in a Model 3 was between $5,000 and $7,000….

    Feb 19, 2020
  • This Pattern Suggests Ethereum’s Rally is Far from Over; Here’s How High It May Go

    It’s no secret that Ethereum has been one of the best performing major altcoins of 2020, with its rally turning parabolic after it broke above $200. This parabolic rally – which occurred over the span of roughly two weeks – allowed ETH to surge as high as $290. Although the crypto’s parabolic uptrend has stalled in the time since, its subsequent retrace has been fairly tempered, with ETH finding some significant support around $250. Now, one prominent analyst is noting that a simple pattern seen during previous rallies seems to suggest that the cryptocurrency could see significantly further upside in the near-term. Ethereum Begins Climbing Higher as Top Trader Eyes Significant Gains in 2020  At the time of writing, Ethereum is trading up 6% at its current price of $265, which marks a notable climb from daily lows of $245. While looking at Ethereum’s one-week price action, it is important to note that the crypto is down significantly from highs of $290 that were set at the peak of its recent uptrend. Although the crypto was unable to sustain this…

    Feb 19, 2020
  • BitGo Gains Entry to Digital Securities World Through Acquisition of Harbor

    Digital asset custodial company BitGo recently unveiled its purchase of Harbor, an online platform for digitized securities.  “Our vision has always been bigger than wallets and custody,” BitGo CEO Mike Belshe said in a Feb. 18 statement provided to Cointelegraph. “Acquiring Harbor furthers BitGo’s vision of building a new digital infrastructure for financial services.”  Harbor’s website is also promoting the acquisition in a banner at the top of its homepage.   BitGo’s acquisition includes several others Picking up Harbor also means BitGo gains control of the platform’s daughter companies, which include brokerages and transfer entities. BitGo also recently gained control of crypto staking infrastructure firm Hedge.  Overall, BitGo reportedly processes more than 20% of the world’s Bitcoin movements.  BitGo worked alongside Harbor prior to acquisition Before the takeover, BitGo had worked in partnership with Harbor since the digital securities platform’s beginnings, Harbor CEO Josh Stein said in the statement.  “We’ve worked closely together to integrate BitGo Business Wallets and BitGo Custody into Harbor’s services,” Stein said, adding: “Harbor provides BitGo with a complementary technology stack for the lifecycle of digital securities,…

    Feb 19, 2020
  • Hester Peirce: Tell Me How to Improve My Safe Harbor Proposal

    Hester Peirce is a Commissioner at the Securities and Exchange Commission (SEC). The views here are her own and do not necessarily reflect the views of the SEC Commission or her fellow Commissioners. She can be contacted at CommissionerPeirce@sec.gov. Read on for reactions from lawyer Preston J Byrne, and Carol Van Cleef and Addison Yang. Earlier this month, I proposed a securities law safe harbor for token distributions. My motivation was the fear that many crypto entrepreneurs have: that a token distribution might be deemed by my agency – the SEC – to be a securities offering.  How, then, is a would-be network supposed to mature into a functional or decentralized network? Network effects are unlikely to take hold until tokens are distributed to, and freely transferable, among potential users, developers and participants of the network. The securities laws cannot be ignored, but neither can securities regulators ignore the conundrum our laws create. The safe harbor seeks to balance the objectives of protecting token purchasers and providing the regulatory flexibility that allows innovation to flourish. Accordingly, the safe harbor protects…

    Feb 19, 2020
  • Is $10,000 Bitcoin’s New $1,000? Price Action Like Pre-2017 Bull Run, Says Analyst

    Bitcoin has once again topped the $10,000 level. The leading crypto asset by market capitalisation crossed the psychologically significant level multiple times over the last couple of weeks. For some analysts, the shrinking resistance the Bitcoin price experiences as it crosses into five figures is reminiscent of the crypto’s flirtations either side of $1,000. The BTC price eventually took off at the beginning of 2017, reaching its current all-time high at the end of the year. Next Stop, the Moon? Analyst Draws Parallel to Pre-2017 Bull Run Bitcoin The price of Bitcoin has been steadily increasing throughout 2020. Earlier today, it crossed $10,000 once again, causing a flood of optimism to return to the industry. As NewsBTC previously reported, crypto observers seem to be having a hard time staying bullish after such a harsh and enduring bear market. Although sentiment is positive during price rallies, doubt is quick to set in at the sign of any correction. Some analysts have described the current market as one lacking the belief Bitcoin price genuinely can accelerate upwards rapidly again. Dan Held, Kraken’s…

    Feb 19, 2020
  • Cloud Giant Microsoft Azure Embraces Commercial Blockchain

    Lition, a commercial blockchain, announced on Feb. 18 that Microsoft has officially brought Lition blockchain solution to its Azure cloud marketplace.   This makes Lition one of the few public/private blockchains currently supported by a major cloud provider like Microsoft. Microsoft also became the first to bring blockchain to the cloud and continues to remain at the cutting edge of blockchain adoption. Enterprises worldwide to benefit from blockchain adoption  Integrating Lition blockchain into Azure allows Microsoft Azure’s worldwide enterprise clients to develop, test and deploy Lition side chains and applications with a click of a button on its platform, according to the announcement. Dr. Richard Lohwasser, Lition’s CEO added that:  “Lition is committed to providing an accessible onramp to blockchain for all organizations. We believe that making integration as seamless as possible is vital to bridging the gap to adoption. Azure will be a tremendous asset for our customers..” Azure cloud dominating the public cloud market According to the announcement, Azure is the driving force behind Microsoft’s cloud business. The platform currently has the second-largest share of the $229 billion public…

    Feb 19, 2020
  • A Safer Harbor: Improving Hester Peirce’s Proposal for Regulating Token Sales

    Donna Redel is the former Chairman of COMEX, a Board Member of New York Angels and an Adjunct Professor of Law at Fordham Law School. Olta Andoni is an Adjunct Professor at Chicago-Kent College of Law. Peirce’s CoinDesk op-ed is here. Further reactions were published here and here. In February, Commissioner Hester Peirce proposed a new safe harbor which, if passed into a formal rule, would radically change the legal terrain for sellers of crypto tokens in the United States. This article addresses some critiques and point of views in response to the recent Safe Harbor Proposal from Commissioner Hester Peirce. The authors of this article met online (but not in a dating app) in a private Telegram channel where around 70 lawyers regularly engage in (sometimes fierce) debate regarding legal issues faced by the crypto industry. This article is informed by our having witnessed a wide spectrum of strongly argued opinions from different attorneys in the course of those debates.  Commissioner Peirce’s safe harbor proposal has inspired a discussion of alternatives and a variety of practical considerations that would be…

    Feb 19, 2020
  • Lame Stadia Update Highlights Google’s Unbelievable Failure

    Stadia will soon be compatible with a selection of Samsung, ASUS, and Razer phones, Google announced today. This is the first time the service has expanded beyond its limited device compatibility since launch. The news continues a long string of underwhelming updates that do little to unleash Stadia’s true potential. Google announced today that it is expanding Stadia compatibility to a broader range of phones from Samsung, ASUS, and Razer. The update will take effect this Thursday, Feb. 20. Stadia Extends Smartphone Compatibility For the first time since the cloud gaming service launched last November, Stadia users won’t be limited to Google’s own Pixel phones and Chromecast Ultra-compatible devices. This update is a bit underwhelming. | Source: Google Stadia The new phones extend the list of compatible devices considerably, but the overall selection remains relatively limited. Here is the full list of newly compatible devices. Streaming’s Untapped Potential Stadia converts will argue that these small improvements are positive and show that Google is moving in the right direction. While this is accurate – incremental updates unquestionably improve the user experience…

    Feb 19, 2020
  • Blockchain IoT identity solution Spherity joins European Blockrocket Accelerator » CryptoNinjas

    <a data-ail=”573482″ target=”_blank” rel=”nofollow” href=”https://cryptonewmedia.press/tag/blockchain/” >Blockchain</a> IoT identity solution Spherity joins European Blockrocket Accelerator » CryptoNinjas Blockchain Labs), an accelerator for startups utilizing blockchain and DLT technologies, announced that Spherity, a blockchain“/> blockchain-iot-identity-solution-spherity-joins-european-blockrocket-accelerator/”/> Blockchain IoT identity solution Spherity joins European Blockrocket Accelerator » CryptoNinjas”/> Blockchain Labs), an accelerator for startups utilizing blockchain and DLT technologies, announced that Spherity, a blockchain“/> blockchain-iot-identity-solution-spherity-joins-european-blockrocket-accelerator/”/> Blockchain Technology”/> Blockchain Labs), an accelerator for startups utilizing blockchain and DLT technologies, announced that Spherity, a blockchain“/> Blockchain IoT identity solution Spherity joins European Blockrocket Accelerator » CryptoNinjas”/> Blockchain IoT identity solution Spherity joins European Blockrocket Accelerator Comments Feed” href=”https://www.cryptoninjas.net/2020/02/18/blockchain-iot-identity-solution-spherity-joins-european-blockrocket-accelerator/feed/”/> cryptocurrency-widgets/assets/public/css/style.css?ver=3.1.4″ type=”text/css” media=”all”/> cryptocurrency-widgets/assets/public/css/selectize.custom.css?ver=3.1.4″ type=”text/css” media=”all”/> cryptocurrency-widgets/assets/public/css/jquery.dataTables.min.css?ver=1.10.16″ type=”text/css” media=”all”/> Twitter Facebook reddit Pinterest Hacker News LinkedIn Tumblr Google+ VKontakte Blockrocket (European Blockchain Labs), an accelerator for startups utilizing blockchain and DLT technologies, announced that Spherity, a blockchain agnostic identity management solution ― has joined the accelerator. Blockrocket’s cohort is open to blockchain startups from every industry, whether they are transforming the mobility sector or disrupting the financial system. Spherity will run through a 6-month program that supports its…

    Feb 19, 2020

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