Death Spirals and BTC — What Happens When Miners Capitulate?

As the cryptocurrency market stagnates, Bitcoin is left vulnerable to miner capitulation, which could lead BTC to lower price ranges. The stagnation of the cryptocurrency market has put Bitcoin’s (BTC) price at risk of further decline, as it struggles to recover beyond key resistance levels. A descending price increases the probability of the so-called “miner capitulation” occuring, which is said to have triggered the major BTC drop in December 2018. Late last year, the Bitcoin price fell to around $6,000 following three months of stability in a tight range between…

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Microsoft Azure Announces Blockchain Token and Data Management Service

Microsoft’s blockchain-enabled cloud service Microsoft Azure announced new tokenization and blockchain data management services. Microsoft’s blockchain-enabled cloud service Microsoft Azure announced new tokenization and blockchain data management services. In a post published on the official Microsoft Azure blog on Dec. 6, the IT service giant announced the Azure Blockchain Tokens and blockchain data manager. New tools for Azure blockchain users The Azure Blockchain Tokens service aims to simplify the definition, creation and management of compliant tokens built to industry standards. The firm also provides pre-built templates for common uses and…

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Ethereum Istanbul — Faster, But Still Not the World Computer

Ethereum was supposed to bring us the “world computer,” but even 3,000 transactions per second is woefully inadequate. Vitalik Buterin has claimed that Ethereum will support 3,000 transactions per second after the upcoming Istanbul fork. Will this unleash a new wave of Ethereum creativity? Might we expect a surge in traffic on the Ethereum network? Could its increase influence the price of ETH? Ethereum is slow The conventional wisdom is that Ethereum is too slow. But for what purpose is it too slow? It seems to be sufficiently fast for…

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Bitcoin Price Diary: 6 Altcoins That Are Currently Making Me Avoid BTC

Bitcoin’s tightening trading range and low volume convinced veteran trader Scott Melker to focus on altcoins which have been producing double-digit gains for the past 3 weeks. Since publishing the last trading journal two weeks ago, I have made a number of altcoin trades but not a single Bitcoin (BTC) trade other than closing my long from $6,900 in segments between $7,550 and $7,700. Currently, I am trading Matic Network (MATIC), WePower (WPR), Zilliqa (ZIL), Verge (XVG), Fantom (FTM) and ChainLink (LINK). In the last journal, I detailed a 2%…

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T-Minus 1,000 Blocks Until Ethereum’s Istanbul Hard Fork

Countdown to Ethereum’s Istanbul Hard Fork continues, with only 1,000 blocks remaining before the network overhaul. As of press time, Ethereum has passed block #9068000, putting it within 1000 blocks of the scheduled Istanbul hard fork, which should take place at around 23:30 UTC. The much-anticipated shift to Istanbul will be the Ethereum network’s first hard fork since February’s Constantinople. Both are stages of a broader phase of ongoing development that began in 2017 called Metropolis.  What is changing? Cointelegraph has covered Ethereum’s ongoing developments extensively, as have the developers.…

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Italian Copyright Authority and Algorand Develop Blockchain Ecosystem for Copyright Management

Italian Society of Authors and Publishers teamed up with Algorand to develop a new ecosystem for copyright management based on blockchain technology. The Italian Society of Authors and Publishers (SIAE) has teamed up with Algorand to develop a new ecosystem for copyright management, based on Algorand’s recently launched blockchain platform. SIAE had already started to develop the project – with the help of “La Sapienza” University of Rome and consulting company Blockchain Core. SIAE has now decided to focus on the Algorand platform for its by design public nature and…

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Bitcoin Price Must Now Break $8.2K to End 6-Month Losing Streak

Bitcoin price needs to break above $8.2K to spark a new bull market while altcoins continue to rally higher due to the low volatility in BTC price. While Bitcoin (BTC) is in a range between $6,800-$8,200, some altcoins have shown impressive movements during the past week. Some examples are MATIC (+83%) and RVN (+46%). These movements generally occur during low volatility periods in Bitcoin.  Crypto market daily performance. Source: Coin360 Now that Bitcoin is attempting to rally above $7,600, into its previous trading range, new analysis and perspectives are needed…

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EOS-Based Social Media Platform Voice Announces Beta Launch

Voice, a social media platform developed by EOS creator Block.One, announced that it will launch in beta on Feb. 14, 2020. Voice, the social media platform first unveiled by EOS creator Block.One in June, announced that it will launch in beta on Feb. 14 — Valentine’s Day — in 2020. Voice announced the beta launch date in a blog post published by the project on Dec. 5. The firm also promises that it will share its progress with the community as the development goes on.  Voice also claims that thousands…

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Bitcoin Hovers Under $7,550 as Altcoins See Moderate Gains

Most of the top 20 cryptocurrencies are reporting moderate gains on the day, as Bitcoin hovers around the $7,550 mark again. Saturday, Dec. 7 — most of the top 20 cryptocurrencies are reporting moderate gains on the day by press time, as Bitcoin (BTC) hovers just under the $7,550 mark again. Market visualization courtesy of Coin360 Bitcoin price is currently up by 2.12% on the day, trading at around $7,537 at press time, according to Coin360. Looking at its weekly chart, the coin is down by about 1.71%. Bitcoin 7-day…

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SEC Requests UK’s Intervention to Force Telegram’s Former Advisor to Testify

The U.S. SEC asked the U.K. authorities to force Telegram’s former chief investment advisor to testify in Grams tokens offering case. The United States Securities and Exchange Commission (SEC) asked the High Court of England and Wales to force Telegram’s former chief investment advisor John Hyman to testify in the case over the firm’s Grams tokens offering. Industry news outlet Coindesk reported on Dec. 7 that the SEC’s request was revealed by documents filed by the regulator with the U.S. District Court for the Southern District of New York yesterday. …

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