The total number of long positions for Bitcoin has skyrocketed with 40% over the last few weeks. It has reached a 10-month high on the popular cryptocurrency exchange, Bitfinex. This could be indicative of an incoming long squeeze, which might bring Bitcoin’s price even lower.Bitcoin Long Positions SurgingLong positions placed on the popular cryptocurrency exchange, Bitfinex, have experienced a serious increase as of late. Almost 35,000 positions are placed at the time of this writing. For...
Read More »As Cryptocurrency Becomes Inevitable: Is Bitcoin on the Brink of a Santa Claus Rally?
The Bitcoin and crypto money markets have thrust in a downward pattern for quite some time, but with only half a month until Christmas, Bitcoin bulls are anticipated, could we be expecting another Santa Claus rally?The Bitcoin price forecast is approximately a part of the highs of its year so far, with most (but not all) altcoins struggling to stay closely related to Bitcoin and recording worse results.Currently, Bitcoin and crypto enthusiasts anticipate unexpected price growth, specialized...
Read More »Deutsche Bank Gives Reason behind Stock Market’s 10-Year Bull Run, Bear Market Is Imminent
Over the last ten years or so, the American stock market has been performing quite impressively, with continuous rises in its general bull run. Since 2009, companies – notwithstanding price drops over smaller periods – have been doing better with time, on average. German multinational investment and financial services firm Deutsche Bank AG has now revealed the driving factor behind this decade-long bull run.According to a tweet from market analyst Holger Zschaepitz with German media company...
Read More »Blockchain Accelerator Tribe Backed by Singaporean Government Raises $16M for Startups
Tribe Accelerator, that is a blockchain accelerator backed by the Singaporean government, has raised 25 million Singaporean dollars which is roughly about $16 million for startups that are presented on its platform. Sources indicate that the accelerator revealed this in a press release yesterday and that about $28 million in total has been raised so far for startups that employ blockchain technology to revolve issues that the world currently faces. The accelerator further revealed that the...
Read More »Börse Stuttgart: Token-Ökonomie im Fokus
Die Börse Stuttgart ist ein Vorreiter der digitalen Transformation der Finanzmärkte und schafft eine durchgehende Infrastruktur für digitale Assets. Als etablierter Finanzmarktakteur will die Börse Stuttgart dabei Maßstäbe in Sachen Transparenz und Verlässlichkeit setzen und so den entstehenden Markt insgesamt voranbringen. Die Tochtergesellschaft Boerse Stuttgart Digital Ventures GmbH hat nun einen wissenschaftlichen Beirat ins Leben gerufen: Die vier Mitglieder werden auf...
Read More »Binance Acquires Decentralized Blockchain Startup DappReview for Undisclosed Amount
“By working with Binance X [the company’s developer network] and Launchpad, DappReview will bring in more talented Dapp developers and assist promising Dapp projects on fund-raising. A lot more exciting synergies with Trust Wallet, Binance Research, etc. DappReview will partner with the public chains and protocols in the Dapp space through Binance’s ecosystem.”Niu further added that by Q1 2020, DappReview is planning to release a new set of analytical tools and products. Besides, this...
Read More »U.S. Cyber Monday Sales Hit Record with $9.4 Billion
Consumers in the United States made it again. The record for Cyber Monday was hit and it amounted to $9.4 billion spent or 18.9% year-over-year growth, according to preliminary data by Adobe Analytics.However, most of the buyers didn’t wait until Monday to start shopping since retailers started sales earlier in the month, just after Thanksgiving and Black Friday. As we have already reported Black Friday online consumers spent $7.4 billion.Among the winners of this holiday season are Best Buy,...
Read More »SoftBank Unleashes SBC Wallet Cards Featuring Built-In Blockchain Wallet
The current roller-coaster that has hit the crypto space does not seem to prevent new investments in the industry. In that connection, Tokyo-based telecommunications conglomerate SoftBank has introduced a new bank card. The firm says that it can be used either as a traditional debit card or blockchain wallet.According to a December 1 press release, SoftBank has come up with a debit card that has a built-in blockchain wallet functions. This milestone development was made in partnership with...
Read More »Bitcoin Price Suffered 31% November Slump But a Hostile China Boosts Outlook
The bitcoin price dropped by 31% since October 26, in just over a month. Yet, Blockchain Capital partner Spencer Bogart sees strengthening fundamentals pushing BTC up in the medium-term. The cryptocurrency market showed signs of stagnation throughout November following China’s crackdown on small exchanges and the sell-off of bitcoin on spot exchanges like Huobi and Binance.Bitcoin is nearing a critical juncture as its recent sell-off shows few signs of slowing. Blockchain Capital's Spencer...
Read More »Bitcoin Halving wird BTC Inflation unter 2% drücken
Es sind noch gut 6 Monate bis das nächste Halving Event für den Bitcoin ansteht, doch schon jetzt stehen die Bullen in ihren Startlöchern. Der Markt hat sich zwar gegen Ende 2019 für den BTC abgekühlt, doch interessant ist ein Vergleich zwischen der Inflation des BTC und der des Fiat-Währungssystems.Bitcoin News: Bitcoin Halving wird BTC Inflation unter 2% drückenAktuell wird das Halving für den 15. Mai 2020 erwartet. Zurzeit hat der BTC eine Inflation von ungefähr 3,7%. Mit dem Halving wird...
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