Blockchain Cryptocurrency News

Lithuania To Sell 24,000 Blockchain-Based Digital Tokens Called LBCOINs Next Week

According to a recent report, Lithuania may be the first nation to launch a central bank-backed digital coin in the eurozone. The country’s central bank plans a pre-sale of twenty-four thousand blockchain-based digital tokens called LBCOINs. Lithuania To Sell 24k Blockchain-based Tokens A Reuters report from earlier today informed that the Baltic country has completed Read more…

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Bitcoin Cryptocurrency News

The Grayscale Bitcoin Trust May Be Signaling BTC has Formed a Long-Term Bottom

Bitcoin has been consolidating between $9,000 and $10,000 for the past several days and weeks, struggling to garner any clear trend The crypto has expressed some overt weakness in recent times due to its propensity to trade near the lower boundary of this range Buyers have been ardently defending against a drop below $9,000 One Read more…

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Bitcoin Crypto Analysis Cryptocurrency News

Institutional Bitcoin Traders Think That the Top Is In; Factors to Consider

Bitcoin’s price has been flashing signs of overt weakness throughout the past several days and weeks The cryptocurrency is now rapidly approaching its critical support at $9,000 The buying pressure here appears to have been degrading over the past several days and weeks Institutional investors and professional traders on the CME appear to believe that Read more…

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Bitcoin Cryptocurrency News

Why the Second U.S. Stimulus Round Could Stimulate a Bitcoin Rally

This week, United States President Donald Trump told media that Americans can expect a “generous” second stimulus check issued. Like the first round of checks, some of this money flowing into crypto could cause a short term Bitcoin rally. And with the stimulus potentially coming while Bitcoin is consolidating below resistance, it could lead to Read more…

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Blockchain Cryptocurrency News

Major Tokyo Company To Use Blockchain To Trade Excessive Electricity

A local report indicated that Tokyo Electrical Energy Firm Holdings Inc (TEPCO) has partnered with the Japanese trading company Itochu Corp, to develop a blockchain-based platform to trade surplus of electricity between households. Blockchain-based Trading Platform For Electricity According to the Nikkei, TEPCO and Itochu signed the partnership to utilize blockchain technology for the upcoming Read more…

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Altcoin Blockchain Cryptocurrency News

REN Skyrockets 40% Following the Mainnet Launch

Ren, the open-source protocol enabling permissionless and private transfers of value between any blockchain, launched its mainnet and a dApp utilizing it within a few weeks. Interestingly, the protocol’s native cryptocurrency REN has gained more than 40% of value in the same period. Ren Launches RenVM Mainnet The blockchain-based company announced the release of its Read more…

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Bitcoin Cryptocurrency News

Morgan Stanley’s V-Shape Recovery Prediction Can Still Lead Bitcoin Above $10K

Bitcoin price could attempt a close above $10,000 as Morgan Stanley predicts a V-shape global recovery by the fourth quarter. Economists at the investment banking giant expect global GDP to shrink by 8.6 percent year-on-year but rebound to 3.1 percent by Q1/2021. Aspects of a full recovery could increase investors’ risk appetite, thereby benefiting Bitcoin Read more…

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Bitcoin Cryptocurrency News

60/40 Portfolios Will Pick Bitcoin over Government Bonds, Claims Veteran Investor

Bitcoin could attract higher demand from hedge funds as government bonds return poor yields. Portfolios with 60 percent exposure in the stock market and the rest 40 percent in the sovereign notes would diversify into Bitcoin/Gold, according to Dan Tapeiro, the founder of Dtap Capital. More than 90 percent of government bonds trade at yields Read more…

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Cryptocurrency News

Data Analyst: There Continues to Be Mass Bitcoin Accumulation By Institutional Players

At the start of May, Bitcoin experienced its latest block reward halving. This event saw the number of BTC issued per block cut in half from 12.5 coins to 6.25, meaning that there is less supply to satisfy demand. Fortunately for buyers, demand is rapidly increasing, suggesting Bitcoin should continue to rise. Institutions Are Scooping Up Read more…