Showing posts with label BTC. Show all posts
Showing posts with label BTC. Show all posts

Polkadot: The interoperability blockchain network

July 06, 2019
The most ambitious project of Gavin Wood (Co-Founder of Ethereum), finally started getting funding through token sales. The Swiss non-profit organization Web 3 facilitated the private sale of the tokens, that will generate the fund required for Wood ‘s project Polkadot. This project is all about Blockchain’s interoperability. Around 500,000 DOT tokens were sold, which is only 5 percent of the overall supply. The project requires $1.2 billion, and going by the demand of DOT it seems it will get the projected fund. Web3 has remained tight-lipped on the sale proceeds and has declined to divulge any details on this.



From unconfirmed reports, it has been heard that three Chinese firms have bought DOT tokens. These firms were eager to invest in the Polkadot project. However, even

Gavin Wood is quite optimistic with the demand of DOT amongst the private investors, and he is hopeful that total funding for the project will be realized soon. He is also happy about the interest was shown by the investors toward his project Polkadot. He reasoned that probably the fresh idea of the Polkadot project became the top draw amongst the investors.

What is Polkadot all about?

With high demand, it has been knowing that the complete funding for the project is yet to be realized.
- It is a blockchain network
- Enables other blockchains to work with each other
- Facilitates interoperability
- Is the first ecosystem for facilitating interoperability
Polkadot seems to be a game changer in the crypto market if successfully launched. It is expected that this blockchain network will be launched by the end of this year.

Why Binance and Coinbase betting big on Matic

June 29, 2019
In the month of April, Coinbase ventures endorsed their project, named as Matic Network. The sale of the token from Matic Network was hosted by the Binance. The native token is Matic, whose value increased by 22 percent, once the project Matic network was announced.


While in May, Matic joined the transparency initiative of Binance Info. Thus, it became one of the first startups, that was labelled as “V”. Once it was labelled as “V”, more surge was witnessed in the value of Matic. It gained around 75 percent on a particular day. This definitely triggered some lifeline in the market, which was numb until this time. However, the most significant surge came on May 21st, with a surge of more than 700 percent, which was enormous.

Now let us give you some pointers about Matic, which has already shown some good performance:

1) Matic is a startup, that is based in Mumbai, India.

2) It was founded in November 2017.

3) It was founded by an experienced team, who were looking to build scaled solutions for the end user products.

4) Matic offers an effective method to fix ETH, which is meant for decentralized applications.

As we know that ETH hasa scalability issue, because of that it can process only seven transactions in a minute. Now, this is a limitation of ETH, Matic claims that it can fix it with the help of Matic Network, that is a Layer Scalability solution.

This is the main reason why Binance, as well as Coinbase, is betting big on Matic.

Tyler Winklevoss is Bullish on Bitcoin, suggests it will break 15K mark

June 29, 2019
The unstable as well as vulnerable period of Bitcoin seems to be over. At least that is what we can say, after Bitcoin has breached the 10K mark, and its surge continues. One person who has become quite optimistic is Tyler Winklevoss, co-founder of the Gemini crypto exchange. When many of the trading experts believe that Bitcoin can easily breach 11K mark as well in near future, Tyler believes that 15K should be the target for Bitcoin now.


Undoubtedly, Tyler is quite bullish on the crypto trading industry, especially on Bitcoin. The words of Tyler need to be taken seriously, as he is one of the early investors in the crypto industry. Thus, he has got an in-depth knowledge as well as experience on the crypto industry. As per Tyler, if Bitcoin can break the 10,000 mark, there is no reason why it should not breach the 15,000 mark as well.

If someone thinks that this is not possible, then definitely they should remind themselves about 2017. It was in this year that during bull run, it breached the 15K mark in mere eight and a half days, after it breached the 10,000 mark. The best part was next eight days, when it breached 20K mark as well, and reached a all time high. A similar kind of run is expected in 2019 as well. It is true that after it breached 20K mark, there was a major correction. But, it is part of the trading market, where a bull run is followed by a major correction.

Bitcoin Touches Above $12.9k Highest Mark in 17 Months

June 29, 2019
Bitcoin is growing again. Constant sales volumes have allowed Bitcoin to soar up to $1,200 over the past 17 months.



Since 2018, Bitcoin has not risen so high according to CoinDesk’s BPI data.

Bitcoin continues to show good growth results, an increase of 40 percent only in June, while its annual growth has increased by more than 250 percent. This data is hosted by Messari.io.


It is important to note that experts according to the developed graphs and the Fibonacci extension theory predict that $12,000 is just the beginning. Bitcoin is expected to increase to $13,100.


Analyzing recent volatility Bitcoin not excluded that may occur short-term growth to 12 US $500. Such an opinion can be reached on the basis of liquidity levels that are currently entering and leaving the markets in an accelerated sequence.

Based on TradingView's weekly schedule, interesting details are viewed, so based on the key levels of Bitcoin will be in the range of $11,500. The total amount of Bitcoin to be sold is $11,500 and $13,700, respectively. So if the Bitcoin becomes higher or lower than these levels, it will be possible to determine the direction of the trend either to increase or decrease its price.

The above mentioned also results from the fact that since the beginning of the new year there has been a strong support for the weekly volume (except for March). This is a good sign for bulls, as the movements are supported by strong liquidity and buyer pressure.

As a result, we see that:

• Bitcoin has risen above $12,900, which is a breakthrough over the past 17 months.

• The latest indications are that Bitcoin will reach $13,700 due to a strong bullish momentum.

The average trader will face an extreme level of volatility, which will certainly tighten the trading conditions.

Hotels.com gives rewards in BTC

June 29, 2019
Do you like travelling? Then you surely know about hotel.com. This is one of the most premium websites on the internet to find the right kind of hotels. Also if you are a BTC lover, then there is more good news for you.


You can now get rewards on your favourite travel portal in bitcoin. This is a new thing and BTC rewards app Lolli has tied up with Hotels.com as per the post on June 25th. With this partnership the world, top 3 travel websites including booking.com are tied up with Lolli.

• Lolli is a big hit, with bitcoin lovers and travellers.
• People love rewards in BTC.

Lolli is an app which started in March 2018 and allows users to earn Satoshis, which is called the smallest unit of BTC. This is going to be the first BTC reward apps in the market.

It has also tied up with Hilton and Marriot. Lolli now allows the global travellers to earn 3.5% bitcoin from the purchase that they have made on the website based on the details given by the company and this is a very positive trend for the crypto world as hotel.com has 325,000 properties and caters to about 19,000 locations from all over the world. Also, there was a quiz on Twitter by Lolli to guess the new partnership which was a big hit. Lolli had raised about $2.25 million in 2018. This has happened before also with Cheap air which was accepting payment in bitcoin in the UK in 2014.

Google Searches shooting up to 10,000 for 'Bitcoin'

June 29, 2019
If anyone has seen Google trend they must be aware that search analytics clearly shows bitcoin is catching up the race and is reaching a monthly high in number of searches on June 24. This is looking on an upward trend and shows that the interest level of people is very high.


1) Search terms for crypto rising a great deal in last few days.

2) Bitcoin searches up by 25%

3) Libra Searches up by 50%

Bitcoin is in lots of demand after Facebook’s Libra unveiling and does not show any sign of slowing up. Libra is blockchain-powered financial which is also searched wide on Google.

As per Cointelegraph recently the numbers of searches for bitcoin were only 10% of what they were in 2017 Bull Run, which peaked to $20,000 that year. But of late this trend is changing and looks like the interest level is growing a lot.

This is nothing but resurgent interest which people are showing from all over the world. Lots of searches are coming from countries like Nigeria, Switzerland, Ghana, South Africa and Austria for bitcoin. There are some other countries like Uruguay, Albania, Panama and Nicaragua who are very keen on search for Libra.

As per Cointelegraph, the trend is much lower then the last peak, but there is a huge indication that it will soon hit its all times high. Joe Lubin who was the Ethereum co-founder has strongly come out against Libra as it is not decentralized. Bitcoin is already up to $11,000 mark as we write this.

Bitcoin (BTC) set to cross $12,000 mark

June 29, 2019
In recent time, Bitcoin has breached the $10,000 mark comfortably, and it could be well on its way to the 12K mark. The huge gain against the US dollars has been seen in the last few days, and the increase in the value is more than 10 percent. With this performance, one can expect that it can touch the $11,000 pretty soon.


If we compare the price last December which was $3100, it has tripled. Hence, we cannot call this a sudden increase in the value of Bitcoins, but there has been a considerable build-up in the last few months. This only proves stagnation period in cryptocurrencies have come to an end, while the cryptocurrencies itself have shown significant signs of the strength. Industry experts have noted that consistent build up in the price of Bitcoin is due to the positive attitude of investors. With this positive sentiment, more investors are likely to invest in the cryptocurrencies.

The recent increase in the value of the cryptocurrency could be well attributed to the fifty percent Fib retracement level of the current rally, that helped to breach the 10K mark and formed strong support for the rally. It was observed in the hourly chart of BTC/USD, there is a presence of a bullish trend line around $10,200, that is providing the support. With holding at little bit above $ 10,900, crypto traders are bullish that its only a matter of time, when the 11K mark will be successfully breached.
 
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