After JPMorgan analysts praised bitcoin, saying that the price of the cryptocurrency could triple, JPMorgan reveals that it has set up a dedicated crypto unit and its own cryptocurrency is now being used commercially by a large tech company for the first time.

JPMorgan’s Crypto Now Used Commercially

Global investment bank and financial services company JPMorgan Chase has set up a dedicated crypto business unit called Onyx with more than 100 staffers, CNBC reported Tuesday.

JPMorgan’s announcement came after a team of analysts at the firm’s Global Markets Strategy group touted bitcoin as an alternative investment to gold among millennials, suggesting that bitcoin’s price may be ... Read more »

Category: News | Views: 69 | Added by: 4zvezda | Date: 28.10.2020 | Comments (0)

Tech evangelists Alex and Don Tapscott believe blockchain will “rewrite the economic power grid and the old social order.”

According to tech evangelists Don and Alex Tapscott, blockchain technology will prove itself the most disruptive technology of the next decade.

“We now have an Internet of value that can give us another opportunity to rewrite the economic power grid and the old social order”, said Don Tapscott.

However, Tapscott senior underlines that it will take a while to transform established, multi-trillion dollars industries, such as the supply chain and financial transaction sphere.

Even so, Alex Tapscott pointed out that successful blockchain use cases are already gaining traction. For instance, he mentioned that stablecoins are already having a significant impact on remittances and cross border transactions.

“Flows between different countries, especially in the global south, have increased dramaticall ... Read more »

Category: News | Views: 51 | Added by: danyagames2007 | Date: 28.10.2020 | Comments (0)

Bitcoin’s price saw a 4% drop in the last 24 hours, but it’s unlikely to see a correction like in previous cycles for three reasons.

The price of Bitcoin (BTC) has increased by 36% in the last 35 days, showing a strong rally. The market sentiment has been optimistic due to rising institutional demand and the perception of BTC as an inflation hedge. 

But after a large uptrend, the belief that BTC may pull back has begun to increase. While a minor correction could occur, like the 4% downward trip to just under $13,000 on Oct. 28, a sizable downtrend is becoming increasingly unlikely. Bitcoin was at $13,860 at the day’s peak, which marked the top of the July 2019 rally. After hitting such a resistance area, a ... Read more »

Category: News | Views: 63 | Added by: danyagames2007 | Date: 28.10.2020 | Comments (0)

Even though cryptocurrency traders have been exuberant over the price rise, a number of analysts are focused on the large bitcoin and ethereum options expiries set to end before Halloween. Data from shows $750 million in Bitcoin options is set to expire and prices could get volatile.

The price of bitcoin (BTC) touched an all-time 2020 high at $13,490 on Tuesday across global exchanges. The price spiked when the news leaked about Southeast Asia’s largest bank DBS launching a digital asset exchange.

Despite the major price climb this month, bitcoin and ethereum markets are expected to be volatile at the end of the week, as a great number of options are set to expire on October 30. The professional ... Read more »

Category: News | Views: 66 | Added by: 4zvezda | Date: 28.10.2020 | Comments (0)

Briefly challenging $14,000 produced major volatility for BTC/USD, which subsequently retreated by over $500 in hours.

Bitcoin (BTC) retreated to $13,300 on Oct. 28 after a retest of its 2019 resistance levels was met with rejection.

Data from Cointelegraph Markets, Coin360 and TradingView show volatility rising during Wednesday after BTC/USD hit $13,850.

After failing to reach $14,000, uncertain conditions prevailed, culminating in a brief dip to $13,300 at press time.

... Read more »

Category: News | Views: 56 | Added by: 4zvezda | Date: 28.10.2020 | Comments (0)

A record "organic" price valuation based on long-term investors paves the way for uncharted price territory for Bitcoin, the statistician says.

Bitcoin (BTC) has already hit an all-time high this week, according to one price measurement from popular statistician Willy Woo.

In a series of tweets on Oct. 27, Woo added to his recent bullish prognoses on Bitcoin, noting that one valuation of BTC/USD was now higher than ever before.

Woo: “Price will follow” NVT valuation

Woo was referring to Bitcoin’s network value to transactions (NVT) ratio, which aims to suggest when the Bitcoin network is overvalued compared to the actual value of transactions passing through it.

As of Tuesd ... Read more »

Category: News | Views: 73 | Added by: danyagames2007 | Date: 28.10.2020 | Comments (0)

Hash rate has also tumbled on the Bitcoin network.

The Bitcoin network has slowed down amid Bitcoin’s (BTC) new price highs, causing a large number of unconfirmed transactions.

According to mempool transaction count on, the number of unconfirmed Bitcoin transactions surpassed 100,000 on Oct. 27. This is the highest number of unconfirmed Bitcoin transactions recorded since late 2017 when Bitcoin hit $20,000.

The all-time high of unconfirmed transactions in the Bitcoin mempool was recorded in early December 2017, accounting for about 180,000 transactions, according to data from

... Read more »

Category: News | Views: 76 | Added by: danyagames2007 | Date: 28.10.2020 | Comments (0)

The price of Curve Finance’s governance token CRV spiked by more than 100 percent as the decentralized exchange (DEX) experienced a massive surge in trade volume.


Curve Finance processed about $2.8 billion worth of trades on Monday, almost 450 percent higher than its previous record high in September 2020. The jump in its trade volume coincided with a similar spike in the UniSwap decentralized exchange – of about $2 billion.

Cur ... Read more »

Category: News | Views: 56 | Added by: danyagames2007 | Date: 28.10.2020 | Comments (0)

Ethereum has strongly underperformed Bitcoin over the past two weeks. As BTC has shot around 20% higher in the past 10 days alone, ETH has gained approximately 8%.

This trend is not isolated: almost all leading altcoins are underperforming Bitcoin. The severity of BTC’s spike to the upside has compressed gains in altcoins as all focus and capital is focused on Bitcoin.

While some think this will be a fixture of this cycle, a prominent crypto-asset analyst recently made the case for why Ethereum may outperform Bitcoin all this cycle.

Related Reading: Here’s Why Ethereum’s DeFi Market May Be Near A Bottom

How Ethereum Could Underperform BTC This Cycle ... Read more »

Category: News | Views: 59 | Added by: danyagames2007 | Date: 28.10.2020 | Comments (0)

The CEO of Mastercard believes Bitcoin is too volatile and opaque to drive financial inclusion, however, CBDCs are a different story.

Bitcoin cannot function as an inclusive currency for the unbanked due to its volatility, Mastercard CEO Ajay Banga said during Tuesday’s Fortune Global Forum conference. He also cited a lack of knowledge about who is behind the cryptocurrency as concerning.

“I am not a believer in the volatility or, for that matter, the absence of transparency in who is the person who’s involved with that currency. So, that’s why central bank digital currencies, we’re believers in.”

Banga also revealed that Maste ... Read more »

Category: News | Views: 92 | Added by: danyagames2007 | Date: 28.10.2020 | Comments (0)

Nasdaq-listed Marathon Patent Group is buying 10,000 of the more efficient Antminer S19 Pro bitcoin miners from Bitmain in a deal worth millions of dollars.

▪ Marathon said the deal would boost the company’s operations to 23,560 next-generation miners, “making it the largest self-miner in North America”.

▪ When fully installed, the new machines will bring the firm’s total hashrate to 2.56 exahash per second (EH/s) – one of the world’s top 15 bitcoin miners.

▪ In August, Marathon bought another 10,500 miners of the same make for $23 million. Bitmain will deliver all the miners in batches starting in January through June.

▪ Marathon CEO Merrick Okamoto said the ... Read more »

Category: News | Views: 75 | Added by: 4zvezda | Date: 28.10.2020 | Comments (0)

A recent purchase of 10,000 Antminer S-19s has placed Marathon Patent Group on-track to become North America’s largest Bitcoin mining firm by Q3 2021.

Nevada-based cryptocurrency mining firm Marathon Patent Group has announced the purchase of 10,000 Antminer S-19 Pro ASICs as part of its plan to become the largest mining firm in North America.

The publicly traded firm announced the purchase on Oct. 26, revealing plans to command an operational hash rate of 2.56 exahashes per second (EH/s) in July 2021 — equal to 1.9% of the current hashing power of the entire Bitcoin network.

... Read more »
Category: News | Views: 57 | Added by: danyagames2007 | Date: 28.10.2020 | Comments (0)

Bitcoin price is moving toward $14K but traders expect the $13,875 resistance to be a critical level for the short term.

The price of Bitcoin (BTC) has surpassed $13,745 and is now en-route to the next major resistance level. Traders have suggested that $13,875 is the nex key short-term area for BTC for two major reasons.

First, Bitcoin peaked at $13,970 on Jun. 26, 2019. Technically, the previous peak achieved more than a year ago still serves as an important area for sellers.

Second, technical analysts say that the weekly candle chart of Bitcoin shows $13,875 as the next “logical resistance.”

The major factor will be how Bitcoin price responds to tapping the highly anticipated resistance level and ... Read more »

Category: Analytics | Views: 59 | Added by: 4zvezda | Date: 28.10.2020 | Comments (0)

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Bitcoin is currently caught in an intense updraft that has allowed its price to gain some serious momentum throughout the past couple of weeks.

This ongoing rally first began when news broke regarding Square purchasing $50 million worth of Bitcoin to hold on their balance sheets as a reserve asset.

Shortly thereafter, PayPal also announced its foray into the crypto market, introducing a new service that allows users to buy, sell, and pay for items using Bitcoin, Ethereum, and a few other digital assets.

This corporate adoption shifted investor sentiment and helped catalyze some serious momentum that isn’t showing any signs of slowing down anytime soon.

Bitcoin’s price rocketed t ... Read more »

Category: News | Views: 67 | Added by: danyagames2007 | Date: 28.10.2020 | Comments (0)

Bitcoin price is gaining traction and it broke $13,500 and $13,800 resistance levels against the US Dollar. BTC is likely to continue higher above the $14,000 resistance.

Bitcoin is up over 5% and it surpassed the main $13,500 resistance level.
The price is trading with a positive angle above $13,800 and the 100 hourly simple moving average.
There was a break above a major bearish trend line with resistance near $13,100 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair is likely to gain strength above the $14,000 resistance level in the near term.

Bitcoin Price is Gaining Momentum

Bitcoin price remained in a positive zone after it cleared the key $13,500 resistance zone. BTC ... Read more »

Category: News | Views: 71 | Added by: danyagames2007 | Date: 28.10.2020 | Comments (0)