Crypto EcoBlog
Calls for the increased and improved use of blockchain technology are gradually making the rounds because while there are still a lot of places where the technology has been adopted quite considerably, there are still many others that have a lot of work to do. The use of blockchain technology is probably seen more in the financial sector and authorities and governments are gaining more interest.Recently, a call came from an official at the central bank of China, directed at commercial banking...
Read More »Bahamas ‘Sand Dollars’ Cryptocurrency to Help Island Nation Recover from Hurricane Dorian
Hurricanes have been causing extensive damage to the islands of the Bahamas for millennia. The Central Bank of the Bahamas plans to pilot the first cryptocurrency in the form of Sand Dollars. Project Sand Dollars offers numerous benefits that can help individuals and businesses to recover, including having the means to quickly access finances and purchase needs after a natural disaster. Hurricanes have been ravaging the Bahamas for centuries. According to travel advice website...
Read More »Bakkt Hits All-Time High Volume as Bitcoin Price Explodes
Recently Bakkt announced that they had set a new daily record. They traded 1,183 contracts, respectively. One contract equals one Bitcoin, which means that the total volume was around $11 million. Also, this aligned with the recent Bitcoin price surge of 40%. This set people running back to the exchanges to grab a piece of the pie.Also, China news was a big factor in the recent surge in volume and Bitcoin price. China recently announced that they officially will embrace blockchain technology....
Read More »Xi Blockchain Endorsement Triggered Buying Frenzy in Chinese Cryptocurrencies
Chinese President Xi Jinping announced support for blockchain last Thursday. The news was welcomed by the crypto community as Chinese altcoins such as NEO, TRON and Qtum skyrocketed over the weekend. Analysts believe that there’s more to the hype and speculation that powered the move of Chinese coins in their USD and BTC pairs. Chinese President Xi Jinping announced on Thursday that his country should “take the leading position in the emerging field of blockchain,” according to a...
Read More »Bitcoin Price Set to Hit $16,000 by the End Of October
Bitcoin isn’t just the first major decentralized cryptocurrency but also the most popular with the largest market cap and price. Bitcoin also has the largest market dominance and is currently at 68%. Most importantly, however, the king coin a few days ago spiked in a very short time jumped from its low and disappointing levels somewhere around $7,500 and kept surging until its current levels above $9,400. With the new surge, the extremely bullish Bitcoin community regained its somewhat lost...
Read More »Chinese Projects Rise over 40% after President XI Jinping’s Statement on Blockchain
Photo: UnsplashLast week, while speaking at the Politburo Committee session, Chinese President Xi Jinping asked the country to double-down its efforts in the blockchain space. Xi said that having a strong foundation in blockchain technology, China should accelerate its blockchain development across multiple sectors like poverty alleviation, public services, healthcare, and others.Xi’s statements have caused a stir in the overall cryptocurrency with Chinese projects seeing a massive surge on...
Read More »Justin Sun’s Hype-Train Trumpets ‘$100 Billion Mega Corp’ Tron Partner
Blockchain company Tron is expected to reveal a partnership with a US “mega corporation” this week. Founder Justin Sun tweeted the announcement last week, hyping Tron, BitTorrent and Wink. Sun is prone to over-the-top announcements that often fail to materialize, like the infamous canceled lunch with Warren Buffett. Blockchain company Tron will reveal a partnership with a US “mega corporation” this week, according to founder Justin Sun. In typical over-the-top fashion, Sun teased...
Read More »Justin Sun Teases $100B Partnership with Megacorporation and Says TRX Is to Take 4th Place
TRON founder and BitTorrent CEO Justin Sun has announced a teaser to whet appetites in the TRON community about an announcement from him and the TRON foundation before October completely runs out. Taking to Twitter to post the teaser, Sun announced that TRON will enter into a partnership by next week, with a “hundred billion USD megacorporation.”#TRON will partner with a hundred billion USD megacorporation next week. It will not only benefit $TRX but all TRC10&20 tokens including $BTT...
Read More »Will Crypto Markets Eventually Mirror the Stock Market?
The same core tenets of investing that govern prudent stock market trading also apply to the crypto market. Even expert stock pickers struggle to outperform the market, which is why index funds have become so popular. The crypto market could experience a similar transition toward index-based investing. Though crypto fundamentally transformed the way value is exchanged, the core tenets of investing remain the same. The crypto market is a very young version of the stock market in the...
Read More »Why NEO Surged 35% While Rest of Crypto Market Took a Snooze
Lesser-known cryptocurrency NEO surged more than 35% on Sunday. The sudden move launched the NEO price to nearly $12, even as the wider crypto market cooled off from its recent rally. Let’s examine the factors behind NEO’s breakneck recovery. In the wake of a historic cryptocurrency market resurgence, NEO has suddenly sprung to life, securing an impressive 35% single-day rally. What’s driving that rapid upswing? Bitcoin Jolts the Crypto Market Back to Life The crypto markets boomed...
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