Crypto EcoBlog
Well, well… Here’s some exciting news. Tim Draper is joining the ranks of people like Ross Ulbricht and claiming that 2020 will be the year in which bitcoin hits new heights.Tim Draper Is a Man of Wild PredictionsPreviously, the venture capitalist claimed that bitcoin would likely hit the $250,000 mark by the year 2022. He later pushed his prediction back a few months to 2023, but now he’s moving everything forward by roughly three years. He thinks bitcoin could easily reach this figure by...
Read More »Bakkt Appoints Mike Blandina as New CEO and Adam White as President
The Bakkt Bitcoin futures exchange, owned by the Intercontinental Exchange (ICE), has just appointed a new chief executive officer (CEO). According to an official press release, the company’s former Chief Product Officer Mike Blandina, has now been promoted to the role of CEO. Blandina already assumed the position on Friday, Dec 20.The appointment of a new CEO was necessary because the company’s founding CEO Kelly Loeffler had to leave the position after her appointment to the United States...
Read More »Craig Wright Discloses Timestamped Document Claiming the Roots of ‘Satoshi Nakamoto’ Name
The mystery behind the anonymous Bitcoin founder – Satoshi Nakamoto – continues to be the topic of discussion. Over the last decade since the Bitcoin inception, Nakamoto remains unidentified. However, nChain Chief Scientist Craig Wright has repeatedly claimed himself as the identity behind this mysterious name.In the latest development, Craig Wright has shared a timestamped document that explains the roots of the “Satoshi Nakamoto” name. During his interview with Modern Consensus, Wright...
Read More »Tesla Reaches Agreement with German Authority for Gigafactory Construction near Berlin
According to a recent report from Bloomberg, Tesla is making interesting strides with its car factory as it has now inched very close to erection. Per a statement from the Brandenburg state government, authorities have agreed to the terms of a contract between both parties, for the sale of land in Grunheide, a municipality close to the capital. The land near Berlin is 300 hectares large (741 acres) and will house the gigafactory that will be built by Tesla.Apart from the terms stipulated in...
Read More »Mixed Outlook Looms even as Bitcoin Rally Attempts to Get Closer to $8000
The weekend was positive for Bitcoin with another batch mimicking up during late U.S. trading and early Monday morning in Asia.BTC/USD is currently trading at $7,521 (+ 5.4% on the daily chart). The coin has been recovering since Sunday. During the early Asian hours, the cryptocurrency attempted the area above $7,600.Sentiment among traders and analysts altered back up again as optimism for “a year-end rally” returned to cryptocurrencies.Analysts maintained their range during the sudden...
Read More »Stocks of Chipmaking Companies Emerge as Top Performers of the Decade
Over the last decade, specifically after the 2008 global economic recession, chipmakers have emerged as the best performing industry across sectors and regions. The latest industry report shows that the chipmaking industry witnessed a 377% growth in the last 10 years. This is double the growth of the S&P 500 during the same period.This shows that the semiconductor industry remains at the core of this rapidly changing technology. Despite new technologies like AI, blockchain, ML, and others...
Read More »As XRP Price Crashes, Is It a Good Time to Buy?
XRP price crashes continue to have place. As the price has fallen to $0.20, it means that the coin has lost 95% of its highest all-time value. Currently, Bitcoin dominance is at an all-time high of nearly 70%. This has created a scenario where the XRP token has lost ground. This hasn’t however dampened the confidence of investors into XRP-related projects. Sources indicate that Ripple announced recently that it had been able to get about $200 million in investments this year. Ripple Labs also...
Read More »Bitwise Expresses Commitment to Bitcoin ETF in a New Letter to the SEC
The Bitwise digital asset management is still very much interested in creating a Bitcoin exchange-traded fund (ETF). On Wednesday, the firm sent a new letter to the United States Securities and Exchange Commission (SEC), responding to the earlier published 112-page rejection letter it received from the SEC back in October.Published by the SEC on Friday, the new letter addressed the SEC’s manipulation fears. According to the SEC, one of the reasons the Bitcoin ETF could not be approved was the...
Read More »Barcelona and Real Madrid Are the Best-Paid Teams, Shows Sporting Intelligence Survey
Every year, online-provider of sports news Sporting Intelligence conducts Global Sports Salaries Survey. The survey represents the basic annual pay of teams and shows the best-paid of them. According to the latest Sporting Intelligence survey, this year Spanish Barcelona and Real Madrid and Italy’s Juventus have enjoyed the highest salaries. It is notable that Barcelona has managed to keep its top status for the second year in a row.Global Sports Salaries Survey 2019 reads:“Barcelona have...
Read More »Bitcoin Price Surges 5% to Move above $7600 in the Crypto Market Rally
It’s a good start to the week as Bitcoin and the majority of altcoins have turned green in the crypto market rally. In the last 24-hours, the overall cryptocurrency market added $10 billion.Simultaneously, the BTC price has surged nearly 5% moving above $7600. Bitcoin is currently leading today’s market rally with Ethereum posting under 3% gains. Last week, Bitcoin was struggling to cross $7000 and instead went all down below $6600 levels.However, it quickly managed to cover its lost ground...
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