Vodafone Enlists Blockchain Nonprofit for Tracking Renewable Energy Use in Europe
With solar panels flooding power grids with more electricity than some utilities companies may know how to handle, telecom giant Vodafone and blockchain nonprofit Energy Web have devised a communications solution.
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Bitcoin Options Saw Record Volume of $198M Amid Recent Price Drop
Trading volume records in bitcoin’s options market were smashed on Monday as investors scrambled to hedge their positions amid the sell-off. Major exchanges – Deribit, LedgerX, Bakkt, OKEx, CME – registered total trading volume of $198 million, surpassing the previous record high of $171.3 million reached on Feb. 11, according to crypto derivatives research firm Skew Markets. Bitcoin Options VolumeSource: Skew Deribit, the world’s biggest crypto options exchange by volume, contributed nearly 86 percent, or $170 million, of the total trading volume on Monday. Chicago Mercantile Exchange (CME) traded $2.1 million, while Intercontinental Exchange’s (ICE’s) Bakkt did not trade any contracts. Bakkt last registered activity on Feb. 27 and prior to that on Feb. 12. An option contract is a derivative based on the value of an underlying instrument that gives the right, but not the obligation, to buy or sell the specified amount of an underlying asset on or before the expiration date. A call option gives the holder a right to buy, while the put option gives the holder the right to sell. “Derivatives trading activity tends to…
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ICE CEO: New Acquisition Opens Trillion-Dollar Market for Bakkt
Bakkt’s acquisition of a loyalty rewards company will “expand Bakkt’s presence across an asset class that today spans over $1 trillion in value,” its parent company’s CEO said Thursday. ,
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Ripple Trades in a Tight Range, Uptrend Likely
May 09, 2020 at 10:05 // News Ripple has remained above the $0.21000 support for the last four days. The market has been fluctuating below $0.22 resistance. However, the bulls are still itching to break the minor resistance at $0.22. Today, the bulls push above $0.22, but the resistance was overwhelming. The price is retracing to continue its fluctuation above $0.21. Suddenly, if the bears break below $0.21 support, XRP will fall to the next support at $0.20500. The market will reach the lows of $0.19500 and $0.17300 if the downturn continues. Alternatively, if the bulls break above $0.22 and price is sustained, Ripple will rally above the resistance zone of $0.23500 and $0.24. Ripple indicator analysis Today, Ripple is above the 60% range of the daily stochastic. The stochastic bands are making a U-turn above 60 % range signifying a bullish momentum. In the last downtrend, XRP was below the 60 % range of the indicator. Presently, the price action is indicating a bullish signal. Key Resistance Zones: $0.35, $0.40, $0.45 Key Support Zones: $0.25, $0.20, $0.15 What is…
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Blockchain Salaries in China Dropped 37% in 2019: Report
Despite the rising value of blockchain skills in the global job market, some countries like China reduced salaries offered to blockchain employees in 2019, a new report says. According to the “2020 China Blockchain Professional Development Report,” the average salary offered to blockchain industry professionals in China dropped 37% year-over-year since 2018. Imbalance between supply and demand in blockchain talent is increasing Published on March 19, the report was compiled under the guidance of the Internet Industry Research Institute of Tsinghua University. As reported by local publication Sina Finance, the joint report was provided by blockchain professional information service platform Interchain Pulse and Beijing-based headhunting agency Liepin. Although blockchain job salaries in China significantly declined over the course of 2019, the report still outlines the increasing demand for blockchain professionals in various industries. However, the surging demand is accompanied by the increasing imbalance between supply and demand in the field of blockchain talent, the report notes. Professional skills of blockchain-focused job seekers are too weak, the report says As such, despite the rapid increase in job seekers, very few talents…
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Ripple (XRP) Likely Forming Double Bottom But Can Bulls Take Control?
Ripple retested the key $0.2240 support area against the US Dollar. XRP price could start a strong recovery wave once it clears the $0.2350 and $0.2380 resistance levels. Ripple price is showing a few positive signs above the $0.2240 level against the US dollar. The price is likely forming a double bottom pattern near the $0.2240 level. There is a key bearish trend line forming with resistance near $0.2330 on the hourly chart of the XRP/USD pair (data source from Kraken). The price could either start a strong rally towards $0.2500 or decline sharply below $0.2200. Ripple Price Could Start a Recovery This past week, we saw a steady decline in ripple below the $0.2500 support area. XRP price even traded below the key $0.2350 support level and the 100 hourly simple moving average. The bears aimed the $0.2200 support area, but they failed. The price found a strong support near the $0.2230 and $0.2240 levels. The recent low was $0.2238 and the price is currently moving higher. More importantly, it seems like ripple is forming a double bottom pattern…
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Major Coronavirus Breakthrough Sees 6 Infected Cleared – From an Unlikely Asian Nation
The first form of a cure of coronavirus has been discovered in Thailand. It could be a breakthrough in containing coronavirus, as six patients were discharged. Thailand, Japan and South Korea are the most affected countries outside of China. Thailand has just discharged the sixth patient affected by coronavirus [Bangkok Post] making it the most successful country to cure the virus to date. Australia, Hong Kong, and China are making significant progress in producing vaccines, but Thailand has been able to cure coronavirus with unorthodox methods. Rajavithi Hospital in Bangkok created a new mixture of medicine by combining the anti-flu medication oseltamivir and HIV medicines lopinavir and ritonavir. The mixture was used to treat six patients so far in Thailand, the second most affected country from the coronavirus outside of China, just behind Japan. Japan reported 20 confirmed cases of coronavirus [The Japan Times] and official data showed Japan is one of the most popular tourist destinations for residents in areas heavily affected by coronavirus such as Wuhan. Efforts from Thailand is key in preventing bigger coronavirus outbreak Researchers at…
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Chinese State Media Says Most ‘Blockchain’ Firms in China Are All Hype, No Code
Chinese news program Focus Report has said that there are around 32,000 companies in China that claim to use blockchain technology. Reportedly, the real number is not even 10% of that. On Nov. 18, the predominant state television broadcaster in Mainland China, CCTV, aired an episode by Focus Report, titled “Blockchain is not a Cashchain.” The episode takes a closer look at companies who reportedly misuse the concept of blockchain technology to create business momentum and financial gains. Cracking down on illegal activity The Focus Report talked to Wu Zhen, head of the Key Laboratory of Internet Financial Security Technology of the National Internet Emergency Center, who said that currently there are more than 32,000 Chinese companies with the word blockchain in its business scope, saying: “There are more than 32,000 blockchains […] However, we found that there are actually not many companies that have blockchain technology or chain ownership […] About 10%, or even less than 10%.” According to the episode, China‘s blockchain industry is at the forefront of the world, and the total number of blockchain enterprises is…
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China Issuing Bonds on Blockchain Is a Sign of What’s to Come
The Bank of China has recently issued 20 billion Chinese yuan ($2.8 billion) of special bonds, which it has sold in order to fund small and micro-enterprise businesses, according to the China Development Network. This recent issuance of $2.8 billion in bonds is nothing to look twice at and was largely expected, given the bank’s inclusive small and micro-enterprise loan balance at 404 billion yuan so far this year — representing an increase of 35.36% since the end of the previous year and catering to nearly 410,000 small and micro-enterprise owners. However, these bonds weren’t issued the standard way, piquing the interest of market participants the world over. Instead, the Chinese central bank used blockchain to organize the affair, which could be seen as a surprise when one considers China’s stance on the decentralized technology. China’s self-developed blockchain issuance system was put on display for the first time and it will handle the administration and tracking of these two-year bonds with a coupon rate of 3.25%. Though the use of blockchain and other notable features of the issuance contrasts with China’s past…
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Ethereum Is Poised to Surge Above $300 By the End of June, Top Trader Asserts
As of June 1st, Ethereum was up 25% in the past week alone. But right on cue, the cryptocurrency market saw a harsh correction on Tuesday morning that wiped out the gains seen on Monday. Bitcoin crashed $1,500 in three minutes on BitMEX, while other cryptocurrencies such as ETH experienced losses in their own markets. This was a drop that took the wind out of the cryptocurrency market’s proverbial sails. Related Reading: Crypto Tidbits: Bitcoin Nears $10k, Goldman Sachs Talks Cryptocurrency, Chinese Yuan Slumps John Bollinger, a prominent technical analyst known for making the indicator the “Bollinger bands,” said that Bitcoin investors should be cautious at current prices: “The is a Head Fake at the upper Bollinger Band for $btcusd, time to be cautious or short.” The is a Head Fake at the upper Bollinger Band for $btcusd, time to be cautious or short. — John Bollinger (@bbands) June 2, 2020 Despite this, some remain optimistic about cryptocurrencies, Ethereum especially. Top Analyst Still Bullish on Ethereum Ethereum is primed to fall towards the low-$200s after today’s correction but is still on…
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Crypto M&A and Fundraising Dropped Sharply in 2019: PwC Report
Crypto companies kept buying each other last year even as both M&A and funding deal flow in the industry took a dive, according to a report released Monday by PwC. ,
