Microsoft, ConsySys and EY have launched Baseline, an open-source smart contract and tokenization protocol for enterprises on the Ethereum Mainnet. Global taxation and transaction advisory firm EY have announced the launch of their open-source Baseline protocol. Baseline comprises a smart contract and tokenization platform built for enterprises on top of the Ethereum blockchain. Baseline was…
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The price of cryptocurrency Chainlink (LINK) was unphased by the Coronavirus driven crypto and stock market meltdown last week as it continues to climb higher. Chainlink’s (LINK) 27.48% gain over the past four days shows that the altcoin continues to function as an outlier when compared against the recent performance of other cryptocurrencies. This strong…
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The bulls have succeeded in defending the 200-day SMA in most major cryptocurrencies. This is likely to result in a sharp relief rally in the next few days. After the rout last week, most asset classes have started the week with a rebound. The total crypto market capitalization has bounced from the recent lows of…
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Bitcoin and cryptocurrency markets are witnessing profit booking at higher levels and buying on sharp falls, pointing to consolidation over the next few days. The last week of February saw a blood bath across various asset classes on fears that the coronavirus outbreak is turning into a pandemic. This led investors to dump their positions…
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If the bulls successfully defend the 200-day moving average on several major cryptocurrencies it might offer buying opportunities for traders. Recently, the chairman of Virgin Galactic Chamath Palihapitiya said that “everybody should probably have 1% of their assets in Bitcoin,” as it is “an uncorrelated hedge” to the excesses in the financial industry. He did…
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The current price action suggests that Bitcoin and Ether are likely to consolidate for the next few days before starting a directional move. Binance CEO Changpeng Zhao believes that the upcoming Bitcoin halving has not been priced in to the digital asset’s current price action. The reduction in miner rewards will increase the cost of…
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Numerous cryptocurrencies are attempting to resume their uptrend, which shows that the sentiment amongst traders remains bullish. Eurekahedge’s index of crypto hedge funds have clocked 21.15% returns since the start of 2020 and this is the best performance from the firm since the index started in 2013. Even in 2017, which was the blockbuster year…
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With Bitcoin’s fall below $10,000, the top performers of this week are witnessing profit booking. Bitcoin dropped below the psychologically important level of $10,000 on Feb. 15. This has dragged the crypto markets lower, whose market capitalization has dropped below $300 billion. Though Bitcoin has declined, its market dominance has risen from below 61% on…
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Bitcoin’s rally above $10,000 is likely to boost sentiment further, which could benefit the altcoins. Bitcoin has extended its strong run this year by a move above the psychologically critical level of $10,000. The positive sentiment in Bitcoin is leading the crypto space higher. In 2020, most major altcoins have been outperforming Bitcoin, which shows…
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The up move in the top crypto performers of the past seven days shows that bulls are back in the game. The CME Group will launch its Bitcoin options contract on Jan. 13. The analysts at JPMorgan Chase & Co. have spotted a 69% increase in open interest from year-end in CME’s existing Bitcoin futures…
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