Uhive, the New Crypto-Based Social Platform, Makes A Lot of Moolah
Jan24

Uhive, the New Crypto-Based Social Platform, Makes A Lot of Moolah

New social media platforms are popping up all over the place as of late, and one – Uhive – is powered by cryptocurrency. Uhive Is Doing Things a Little Differently Based in the United Kingdom, Uhive is a unique social platform in that it is powered entirely by digital currency technology. Recently, the company set out on a funding round of 500,000 pounds, which it easily surpassed. Either people are terribly sick of the likes of...

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Ethereum is About to Post a Massively Bullish Signal as Bulls Take Charge
Jan24

Ethereum is About to Post a Massively Bullish Signal as Bulls Take Charge

Ethereum has seen some immense strength in the time following its capitulatory plunge towards $1,000 The cryptocurrency’s V-shaped recovery has allowed it to gain serious ground against Bitcoin, even posting a massive breakout against the benchmark crypto Where it trends next will undoubtedly depend largely on whether or not bulls can maintain their control over the market BTC remaining stable is also important, as any intense BTC...

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Ethereum will become the main asset for investors in 2021
Jan24

Ethereum will become the main asset for investors in 2021

The potential of Ether greatly exceeds Bitcoin, and the community is beginning to understand the value of ETH. During the second half of 2020, we saw a growing interest in cryptocurrencies from institutional investors and big capital. However, all the attention of the whales, as well as all the attention of the public, was fixed on Bitcoin (BTC). Today, we will look at why Ether (ETH) is a more attractive asset and why this...

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Top 5 cryptocurrencies to watch this week: BTC, ETH, DOT, AAVE, SNX
Jan24

Top 5 cryptocurrencies to watch this week: BTC, ETH, DOT, AAVE, SNX

Select altcoins are rallying to new all-time highs while Bitcoin remains pinned below $33,000. As Bitcoin price trade sideways, traders are keeping an eye out for new purchases from institutional investors in order to gauge whether BTC‘s correction is over. MicroStrategy’s recent purchase of 314 Bitcoin at an average price of $31,808 is a mild sentiment booster but it may not be enough to arrest the decline if buyers do not step...

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Crypto ETF Race Heats Up in 2021- Valkyrie Bitcoin Trust Files to List Shares on NYSE
Jan24

Crypto ETF Race Heats Up in 2021- Valkyrie Bitcoin Trust Files to List Shares on NYSE

2021 has been an explosive year for bitcoin as the crypto asset has touched new all-time price highs as cryptocurrencies have seen increased demand. Meanwhile, a number of crypto proponents expect the first exchange-traded fund (ETF) to be approved this year as a number of firms are racing to launch an ETF. On Friday, the Texas-based firm Valkyrie Digital Assets filed an ETF registration proposal called the Valkyrie Bitcoin Trust with...

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Bulls Becoming Bears? The latest Bitcoin Drop Has Analysts Worried
Jan24

Bulls Becoming Bears? The latest Bitcoin Drop Has Analysts Worried

Bitcoin and the crypto market have been acting rather bearish as of late. The world’s number one cryptocurrency by market cap has recently shed around $7,000 off its price, and as a result, the entire arena has lost about $100 million in value. Bitcoin Keeps Falling, and People Are Concerned Thus, everyone is beginning to get rather negative about where bitcoin and digital assets will go in the coming days. They are not sure if...

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SEC vs. Kik Interactive: A status update on the Kin ecosystem and Kin tokens
Jan24

SEC vs. Kik Interactive: A status update on the Kin ecosystem and Kin tokens

A deep analysis of the actual final judgement in the U.S. Securities and Exchange Commission versus Kik Interactive case. Much has been written about the Sept. 30, 2020, decision by Judge Alvin Hellerstein of the Southern District of New York in the U.S. Securities and Exchange Commission vs. Kik Interactive.  In that order, the judge ruled in favor of the SEC’s motion for summary judgement, applying the Howey Test in the course of...

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Anthony Scaramucci says holding Bitcoin as safe as owning bonds and gold
Jan24

Anthony Scaramucci says holding Bitcoin as safe as owning bonds and gold

Scaramucci’s SkyBridge Capital introduced a new Bitcoin fund in early January. He says that improved infrastructure and regulation have made BTC investments “as safe as owning bonds and commodities like gold.” Anthony Scaramucci, the head of SkyBridge Capital and former White House communications director, believes Bitcoin’s (BTC) value proposition has strengthened significantly now that governments have addressed many of...

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No more pushes and pushbacks: Digital ID solves the privacy dilemma
Jan24

No more pushes and pushbacks: Digital ID solves the privacy dilemma

The need for secure, privacy-centric, fraud-proof digital identities that allow us to demonstrate our credentials has never been greater. A year unlike any other, when much of life went online, created a compelling case for digital identity. Talk of “immunity passports,” privacy-protecting contact tracing apps and even a potential move to online voting systems all speak to the need for robust digital identities. In July 2020, the...

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The United States updates its crypto AML/CFT laws
Jan24

The United States updates its crypto AML/CFT laws

The U.S. Anti-Money Laundering and Combating the Financing of Terrorism laws: Where will these updates lead the crypto space? Against great push back from the crypto industry and as the price of Bitcoin (BTC) reached new all-time highs several times during the last couple of months, the United States has updated its cryptocurrency Anti-Money Laundering/Combating the Financing of Terrorism laws. Related: COVID-19 pandemic spurs crypto...

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Global Chip Shortages Disrupt Bitcoin Mining Rig Production: China’s Dominant Position as Hash Rate Leader Under Threat
Jan24

Global Chip Shortages Disrupt Bitcoin Mining Rig Production: China’s Dominant Position as Hash Rate Leader Under Threat

The ongoing global shortage of chips that are used in the production of bitcoin mining rigs is now causing manufacturing disruptions. According to one report, these disruptions are causing a shortage of rigs on the market and subsequent price increases. Already, the report suggests that the prices of new mining rigs have doubled while second-hand machines saw their prices go up by more than 50% in the past year. Chipmakers Shunning...

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Hat-trick hero: Empty stadiums get blockchain and soccer to play together
Jan24

Hat-trick hero: Empty stadiums get blockchain and soccer to play together

Soccer clubs are now resorting to blockchain and crypto for fan engagement, tokenization and even new signings, with the potential for many more use cases. In a first for professional soccer, Spanish team DUX Internacional de Madrid has used crypto to buy a new player. Ex-Real Madrid player David Barral is a new acquisition for the club facilitated by the cryptocurrency trading company Criptan. Although technically this is not the...

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It’s time for Hollywood to move to blockchain. Yes, you read that right
Jan24

It’s time for Hollywood to move to blockchain. Yes, you read that right

With inspiration from past decentralized success, other industries are following suit — and the film industry should be next. The greatest empires over the course of history have come and gone — the Romans, Greeks, Babylonians, Mongols, Persians, Egyptians, Ottomans and, most recently, the British. Much in the same way that history has recycled the powers of the world, so do cultural and economic institutions around us fall to the...

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The impact of Bitcoin hacking incidents in the crypto market
Jan24

The impact of Bitcoin hacking incidents in the crypto market

Studying the question of how Bitcoin hacking incidents affect the uncertainty in the overall crypto market. In the 2013–2017 period, 29 hacks occurred in the Bitcoin market where a total of 1.1 million Bitcoin were stolen. Noting that the average price for Bitcoin (BTC) in December 2020 exceeded $20,000, the corresponding monetary equivalent of losses is more than $22 billion, which strongly highlights the societal impact of this...

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ETH/USD Again Tests 1350:  Sally Ho’s Technical Analysis 24 January 2021 ETH
Jan24

ETH/USD Again Tests 1350: Sally Ho’s Technical Analysis 24 January 2021 ETH

Ethereum (ETH/USD) rallied early in today’s North American session as the pair appreciated to the 1350 area after trading as low as the 1221.66 area during the Asian session, with the intraday low representing a test of a previous technical support level, and the intraday high representing a test of a previous technical resistance level.   Chartists note the intraday high also represented a test of the 76.4% retracement of the...

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