Fuel

The correlation between Bitcoin and S&P 500 has these implications

Source Node: https://ambcrypto.com/the-correlation-between-bitcoin-and-the-sp-500-has-these-implications/
Time Stamp: September 15, 2021 10:30 PM - Modified On: September 15, 2021 - Published By:
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Republished By Plato

The on-going corrections being witnessed in the U.S. stock market has managed to fuel in fear amongst people from the crypto space too. Even though they represent completely different spectrums of the financial landscape, both the markets have historically, maintained an on-and-off relationship. Source: TradingView Altering dynamics Interestingly, both markets have witnessed major bull and bear phases in synchronization. Earlier in March this year it was proved that the crypto space is not immune from big crashes witnessed in the traditional financial world. Right after that in April, it was

Tai Hing Announces 2021 Interim Results

Source Node: https://www.acnnewswire.com/press-release/english/69066/
Time Stamp: August 27, 2021 7:50 AM - Modified On: August 27, 2021 - Published By:
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HONG KONG, Aug 27, 2021 - (ACN Newswire) - Tai Hing Group Holdings Limited ("Tai Hing Group" or the "Group"; stock code: 6811), a multi-brand casual dining restaurant group with roots in Hong Kong and a network of more than 220 restaurants in Hong Kong, Mainland China, Macau, and Taiwan, has just announced its interim results for the six months ended 30 June 2021 ("1H2021" or the "Review Period").RESULTS HIGHLIGHTS-- Revenue increased by 16.4% to HK$1,532.7 million in 1H2021 (1H2020: HK$1,316.9 million) though both markets in Hong Kong and Mainland China still saw challenges

Memenopoly Announces Strategic Partnership with Babylons NFT

Source Node: https://www.livebitcoinnews.com/memenopoly-announces-strategic-partnership-with-babylons-nft/
Time Stamp: August 22, 2021 6:47 AM - Modified On: August 22, 2021 - Published By:
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Republished By Plato

Atlanta, United States / August 21, 2021 / Memenopoly, a new coming of age gaming NFT solution, has announced a strategic partnership with the first community-owned NFT marketplace Babylon. The partnership would allow Meme-themed Memenopoly NFTs to be auctioned on Babylons NFT marketplace. Memenopoly is a yield generating blockchain “play to earn” game. The platform aims to bring the next evolution of gamified yield generation, leveraging the power of NFTs to reward players and farmers. Memenpoly has made the game of Monopoly more interesting, offering earning opportunities with an NFT

Race cars and earn cryptocurrency with Riot Racers

Source Node: https://ambcrypto.com/race-cars-and-earn-cryptocurrency-with-riot-racers/
Time Stamp: July 28, 2021 10:00 AM - Modified On: July 28, 2021 - Published By:
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Republished By Plato

The gaming industry has grown exponentially in the past few years, and the play-to-earn gaming model is leading the way with an innovative approach that puts the gamer in the driver’s seat. Play-to-earn is a relatively newer concept that allows players to own part of the game, earn cryptocurrency-backed tokens by playing, and later trade or exchange earned tokens for fiat on cryptocurrency exchanges. While the play-to-earn gaming industry has seen steady growth recently, many of the games have become too expensive to start playing, with the cost to play

98% of All Bitcoin Is Now Worth More Than When You Bought It

Source Node: https://cointelegraph.com/news/98-of-all-bitcoin-is-now-worth-more-than-when-you-bought-it
Time Stamp: August 19, 2020 4:55 AM - Modified On: May 21, 2021 - Published By:
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Bitcoin (BTC) has delivered gains to its holders on almost 98% of all days since 2013, new data confirms. According to a dedicated social media-based monitoring resource which tracks profitability, buying Bitcoin has made its holder richer on 97.6% of days.BTC profitability “characteristic of bull runs”Put another way, as on-chain analytics service Glassnode noted in its The Week On-Chain weekly report on Monday, 97.6% of Bitcoin unspent transaction outputs (UTXOs) are in profit.This means that only 2.4% of UTXOs were created — as part of a transaction between wallets — when

Here’s Why Bitcoin Is Primed to Move Towards $13,000

Source Node: https://bitcoinist.com/heres-why-bitcoin-primed-move-towards-13000/?utm_source=rss&utm_medium=rss&utm_campaign=heres-why-bitcoin-primed-move-towards-13000
Time Stamp: August 18, 2020 1:00 AM - Modified On: May 21, 2021 - Published By:
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Bitcoin is surging higher after holding in the high-$11,000s for a number of days. As of this article’s writing, the leading cryptocurrency trades for $12,150. Although this is not much higher than the breakout zone at $12,000, analysts are optimistic about what’s next for the market. This rally was predicated on a surge of spot market volume, adding fuel to the case for upside. BTC is expected to move to $13,000 next, which is around where the next level of macro resistance lies. Bitcoin’s ongoing rally seems to be influenced

Analyst Who Called Bitcoin’s Move to $3,000s Thinks This Comes Next

Source Node: https://bitcoinist.com/analyst-who-called-bitcoins-3000s-comes-next/?utm_source=rss&utm_medium=rss&utm_campaign=analyst-who-called-bitcoins-3000s-comes-next
Time Stamp: August 13, 2020 9:00 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Bitcoin is pressing higher after consolidating in the mid-$11,000s for a number of days. As of the time of this article’s writing, the leading cryptocurrency trades for $11,800. BTC is up 2% in the past 24 hours, underperforming Ethereum’s 10% performance. A historically accurate analyst expects Bitcoin to press lower towards $11,000 one more time, then potentially break out. This is a sentiment differing from other analysts, who argue that Bitcoin is likely to break higher right away. Bitcoin Could Drop Towards $11,000 Once Again, Says Trader Who Predicted $3,000s

Gold’s Sharp Rebound After Rout Hints Bitcoin En Route to $12K

Source Node: https://bitcoinist.com/golds-sharp-rebound-after-rout-hints-bitcoin-en-route-to-12k/?utm_source=rss&utm_medium=rss&utm_campaign=golds-sharp-rebound-after-rout-hints-bitcoin-en-route-to-12k
Time Stamp: August 13, 2020 2:01 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Gold’s sharp rebound after logging its biggest plunge in 7 years left Bitcoin (Symbol: BTCUSD) in a comfortable space. The benchmark cryptocurrency seemingly copied the precious metal’s retracement moves during the Wednesday session. At one point in time, it was trading at $11,148 (data from Coinbase), down 7.76 percent from its weekly top. But it bounced back ahead of the New York session, rising about 4.54 percent from its intraday low. The same happened to gold (Symbol: XAUUSD). The metal plunged by more than 10 percent from its record high

Venezuela May Soon Be Collecting Taxes in Crypto

Source Node: https://cointelegraph.com/news/venezuela-may-soon-be-collecting-taxes-in-crypto
Time Stamp: August 12, 2020 1:10 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

The Bolivarian Council of Mayors in Venezuela signed the so-called "National Tax Harmonization Agreement" for 305 municipalities in the country, including the Petro (PTR) as a means to collect payments of taxes and sanctions.The cryptocurrency is becoming increasingly widely used as the result of a new campaign. According to the government, the vice president of Venezuela, Delcy Rodríguez, will be in charge of implementing a single registry of taxpayers through a digital consultation tool.She will also be in charge of creating an information exchange and monitoring system for companies to record

Two Macro Calls That Could Propel Bitcoin to $14,000 This Year

Source Node: https://bitcoinist.com/two-macro-calls-that-could-propel-bitcoin-to-14000-this-year/?utm_source=rss&utm_medium=rss&utm_campaign=two-macro-calls-that-could-propel-bitcoin-to-14000-this-year
Time Stamp: August 7, 2020 1:42 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Bitcoin may hit $14,000 in the coming quarter. The analogy appears out of two extremely bullish calls made for the US dollar and Gold. Bitcoin has shown an extreme correlation with the two macro assets this year. Bitcoin may have some fuel left to continue its 2020’s run-up towards the $14,000-mark. The level–last approached in 2019 against the backdrop of an escalating US-China trade war and falling yuan– has fallen back into the radar of Bitcoin bulls. Only this time, the weakening US dollar has replaced its Chinese counterpart as