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Crypto Price Analysis & Overview July 31st: Bitcoin, Ethereum, Ripple, Chainlink & VeChain

Source Node: https://cryptopotato.com/crypto-price-analysis-overview-july-31st-bitcoin-ethereum-ripple-chainlink-vechain/
Time Stamp: August 1, 2020 11:02 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

BitcoinBitcoin saw a massive 17.7% price surge over the past week. During the past fortnight, Bitcoin managed to break above a symmetrical triangle pattern as it started to push higher to reach $9,815 by the start of this week.Bitcoin then went on to explode above $10,000 as it reached as high as $11,400 on some exchanges. The coin has struggled to break this resistance over the past 4-days and must overcome it for the bullish run to continue.Looking ahead, if the bulls can break resistance at $11,275, the ext target

Bitcoin Whales Are Accumulating More Than 50,000 BTC Every Month: Report

Source Node: https://cryptopotato.com/bitcoin-whales-are-accumulating-more-than-50000-btc-every-month-report/
Time Stamp: August 1, 2020 7:11 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

The latest data suggests that Bitcoin’s recent bullish stint has excited large scale investors. Whales have been accumulating copious amounts of BTC in anticipation of a larger rally. Also, there’s an almost 38 percent increment in Bitcoin addresses holding more than $1 million worth of BTC.Bitcoin Hodler Net Position Change Remains PositiveData from on-chain analysis and crypto market insights provider, Glassnode suggests that Bitcoin’s recent rally hasn’t induced much of a selling reaction from long-term investors.Bigshot market participants are holding tight and eagerly waiting to reap greater profits from further

Crypto Price Analysis & Overview July 31st: Bitcoin, Ethereum, Ripple, Chainlink & VeChain

Source Node: https://cryptopotato.com/crypto-price-analysis-overview-july-31st-bitcoin-ethereum-ripple-chainlink-vechain/
Time Stamp: August 1, 2020 7:10 AM - Modified On: May 21, 2021 - Published By:
Source Cluster:
Republished By Plato

BitcoinBitcoin saw a massive 17.7% price surge over the past week. During the past fortnight, Bitcoin managed to break above a symmetrical triangle pattern as it started to push higher to reach $9,815 by the start of this week.Bitcoin then went on to explode above $10,000 as it reached as high as $11,400 on some exchanges. The coin has struggled to break this resistance over the past 4-days and must overcome it for the bullish run to continue.Looking ahead, if the bulls can break resistance at $11,275, the ext target

Putin Outlaws Crypto as a Payment Means in Russia

Source Node: https://cryptopotato.com/putin-outlaws-crypto-as-a-payment-means-in-russia/
Time Stamp: August 1, 2020 7:10 AM - Modified On: May 21, 2021 - Published By:
Source Cluster:
Republished By Plato

President Vladimir Putin of Russia has signed a new law that will prohibit the use of cryptocurrency as a payment means in the country by 2021. Meanwhile, the Russian government recently deployed blockchain technology for its constitutional amendment.Crypto as Payment to Become Illegal in 2021According to a report by local news outlet RIA on Friday (July 31, 2020), the bill signed by President Putin will prevent citizens from using crypto to pay for goods and services in Russia. The bill will, however, enable transactions via digital financial assets (DFA).Also, government

Bitcoin Joins the Alt-Season Breaking $10k: The Crypto Weekly Market Update

Source Node: https://cryptopotato.com/bitcoin-joins-the-alt-season-breaking-10k-the-crypto-weekly-market-update/
Time Stamp: August 1, 2020 7:09 AM - Modified On: May 21, 2021 - Published By:
Source Cluster:
Republished By Plato

This week was nothing short of exciting in the cryptocurrency markets. Bitcoin definitely woke up from its slumber and made a few aggressive moves upwards. Altcoins felt the pain as most of them decreased in value as the king of crypto took its toll.In seven short days, Bitcoin went from around $9,600 to $11,400, charting gains upwards of just shy of 20%. Earlier on Monday, the cryptocurrency catalyzed its performance, jumping from $9,800 to $11,200. After that, it consolidated for a few days, and just today, it painted fresh 2020

Why This DeFi Exchange is a One Way Ticket for Ethereum’s ERC-20 Tokens?

Source Node: https://coingape.com/why-this-defi-exchange-is-a-one-way-bullish-ticket-for-cryptocurrencies/
Time Stamp: August 1, 2020 4:31 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

advertisement Uniswap is a decentralized exchange with a unique mechanism for trading ERC-20 tokens on its platform. Apparently, its the perfect platform for pumping tokens. CryptoGainz, prominent crypto trader tweeted, Advertisement there’s no orderbook to scare buyers or induce selling, only a bullish narrative and sell side liquidity crisisUniswap evaluates the price of a token based on the balance of Ethereum and of the token. On a successful trade or exchange, the value is added in accordance with the Ethereum swapped for the token. Hence, there are no order books

Bitfarms Streamlines Workforce As Coronavirus Threat Continues

Source Node: https://insidebitcoins.com/news/bitfarms-streamlines-workforce-as-coronavirus-threat-continues/256829
Time Stamp: April 8, 2020 5:49 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Birfarms, a cryptocurrency mining outfit based out of Canada, would be trimming its staff. This is due to the coronavirus pandemic’s effects on its operations.The company made the decision known in an update published earlier this week, explaining that it will be making some adjustments to the coronavirus amid both its economic and social effects.Focusing on Sustainability and ProfitsVia the update, the company explained to stakeholders and community members that it had optimized its operations to maximize mining power over the past few weeks. As a result, it’s been able