Skip to main content

Posts

Showing posts from February, 2020

Texas Becomes an Increasingly Popular Region for Bitcoin Mining

Setting up a reliable and profitable Bitcoin mining operation is never easy. In Texas, there may be plenty of opportunities ahead. Finding a reliable source of electricity at a low cost can be a steep challenge. The Future of Bitcoin Mining in Texas That process hasn’t become easier since various municipalities began cracking down on Bitcoin mining. In some states, electricity costs for mining Bitcoin are higher compared to the average cost. Situations like those create very unfavorable market conditions. In Texas, things may head in a completely different direction. It would appear that many mining firms keep close tabs on progress made in the region. There appears to be ample electricity in the state, with most of it coming from renewable sources.  Several sources contribute to the lower electricity price in Texas. An abundance of natural gas and major developments to harness wind power are paying off. As such, creating electricity is relatively cheap creating op...

This Odd Factor Suggests Bitcoins Bull Case is Rapidly Building After 20% Drop

After Bitcoin started to tank earlier this week, analysts have been wondering at which point the cryptocurrency will bottom. While traders across the board are divided about the exact answer to this pressing question, there is a rapidly-building case that BTC will soon start to trend higher once again after the nearly 20% drop it has experienced this far. Litecoin Prints Signs of Bottom, Boding Well for Bitcoin Prominent cryptocurrency trader Big Cheds recently identified that Litecoin is seemingly “working on a potential triple bottom,” marked by consolidation around a central price point and divergences with the four-hour on-balance volume and relative strength index indicators. This confluence should see Litecoin start to break higher in the coming days as the divergence plays out. $LTC #Litecoin 4 hour – working on a potential triple bottom, with both OBV and RSI bull divergence pic.twitter.com/w0lOHExzfm — Big Cheds (@BigCheds) February 29, 2020 So why is this relevant for Bitcoi...

Why a Hedge Funds Attempt to Usurp Twitter CEO Jack Dorsey Could Hurt Crypto

Yesterday, it was revealed that an activist hedge fund has intentions to remove Twitter’s CEO, Jack Dorsey. Crypto, interestingly enough, could be negatively affected by this move. Hedge Fund Seeks To Oust Twitter CEO, Jack Dorsey While Jack Dorsey has made his love for Bitcoin and crypto a big part of his personal brand over the past few months, he is first and foremost the chief executive of both social media platform Twitter and leading fintech firm Square. Dorsey’s leadership position at Twitter may soon end — if a hedge fund has its way that is. According to a Bloomberg report citing “people familiar with the matter,” the pro-crypto executive may soon be replaced because of Elliot Management Corp, an activist hedge fund, taking a sizable stake in Twitter. The sources explained that this stake allows Elliot to nominate some of its people onto the board of directors, potentially giving them the capacity to move to replace Twitter’s incumbent CEO, which some have criticized in the p...

Crypto Tidbits: Bitcoin Plunges Under $9000 Bitfinex and OKEx DDOS Attacks Warren Buffett Bashes Cryptocurrency Again

Another week, another round of Crypto Tidbits. Wow, what a past seven days for Bitcoin, cryptocurrencies, and global markets overall. Bitcoin saw a blood-red week, to say the least, falling from $10,000 on Sunday to a low of ~$8,480 within a few days’ time as buyers failed to keep the asset above the key $9,500 support. Altcoins saw an even worst performance, with Ethereum, XRP, Litecoin, amongst countless other top cryptocurrencies plunging 15% as they followed BTC lower. The crypto market carnage seen over the past week came as global markets, from stocks and commodities, started to crash across the board. The Dow Jones posted its worst point performance in history on Thursday, falling by over 1,000 points as American stocks came under a coronavirus crunch. Gold also fell under $1,600, plunging after reaching $1,700 as investors tried to leverage the asset as a safe haven. The fact that effectively all assets fell this week was a sign to some investors that Bitcoin and crypto’s ...

This Crypto Just Set All-Time Highs and Analysts Dont Expect It to Slow Down Anytime Soon

Chainlink’s price action throughout 2019 and 2020 has been unprecedented, with the crypto incurring intense upwards momentum in spite of the turbulent price action seen throughout the aggregated market. This firm uptrend has allowed the cryptocurrency to recently set fresh all-time highs against USD, with it just setting fresh all-time highs against its BTC trading pair yesterday. Analysts are now noting that this uptrend is showing no signs of slowing down anytime soon, as it was just able to flip a previous resistance level into support that could help usher in significantly further upside. Chainlink Blasts to Fresh All-Time Highs Against Bitcoin  At the time of writing, Chainlink is trading up over 4% at its current price of $4.20, which marks a notable climb from daily lows of $3.90. The crypto’s massive uptrend has come about in the face of immense bearishness within the aggregated market, with Bitcoin and most other major altcoins incurring intense downtrends over the past w...

Striking Fractal Shared by Accurate Analyst: Bitcoin to Soon Explode Past $9000

After a brutal start to the week that saw Bitcoin crash from $10,000 to as low as $8,500, the crypto market has finally started to show signs of consolidation. According to a well-known crypto trader who has predicted recent price action quite well, this consolidation is a potential sign that Bitcoin will soon re-enter the $9,000s. Such a move, other analysts have said, will confirm that BTC will continue higher, likely moving past its local high at $10,500 prior to the halving. Meet the Trader Who Called Bitcoin’s January Price Action Bitcoin’s strong surge to kick off 2020 has caught many traders on the back foot. Case in point: each leg higher in the price of BTC has been marked by dozens of millions of dollars worth of short liquidations on margin trading platforms like BitMEX. While the majority seem to have been caught off guard, one trader called Bitcoin’s emerging uptrend: Financial Survivalism, also known as Sawcruhteez. Just a day after New Year’s Day, the prominent trad...

Heres How You Can Invest In Bitcoin Retirement Plans

With the Bitcoin and crypto revolution accelerating, interest in retirement-focused investment is growing. Whereas long-term savings is always a good idea for anyone seeking financial security, the unique nature of blockchain assets requires greater care and understanding to ensure success. Do Your Research With such a rapid pace of development and adoption, seeking to apply cryptocurrency to retirement investment must involve active management and research. Understanding blockchain technology is a must. Also, because Bitcoin is far from the only promising platform, steps should be taken to study the entire crypto space and make investment decisions accordingly.  As the Bitcoin and cryptocurrency space matures, the legal and regulatory status of this new asset class is all but certain to change. Thus, remaining abreast of laws surrounding the purchase, transfer, and holding of cryptocurrencies will be crucial to successfully save for retirement.  Choose a Well-Designed Bitc...

Wilshire-Phoenix Responds to SECs Bitcoin ETF Decision

Wilshire-Phoenix responded yesterday to the SEC’s decision this week which denied approval for their Bitcoin ETF application. Their criticism falls in line with SEC Commissioner Hester Pierce’s dissent with the SEC’s denials of several ETF applications. Another Bitcoin ETF Application, Another SEC Denial The SEC had until a February 26th deadline to make a decision on Wilshire-Phoenix’s Bitcoin ETF proposal, which was filed with the agency last year. The SEC issued an order disapproving the ETF application, and denying Wilshire-Phoenix. This denial doesn’t come as a surprise, the SEC has denied 9 other applications in the last year or so, including the ETFs proposed by Van Eck, and the Winklevoss brothers. Even though it isn’t surprising that the Wilshire-Phoenix ETF didn’t receive approval, Wilshire-Phoenix still expressed their disappointment with the SEC’s decision. An ETF is an Exchange Traded Fund, and it is an investment vehicle that would allow institutional investors a fully...

Ethereum Sees Dire Technical Breakdown as the Bear Case Builds

Ethereum (ETH) has been closely tracking Bitcoin over the past week, which has exposed it to significant downwards pressure that has erased nearly all of the massive upside it incurred throughout the early part of this month. This downside appears to have invalidated the highly bullish market structure that the cryptocurrency formed throughout the early part of the year, and many analysts are now noting that it could be positioned to see significantly further downside. One top analyst is now noting that an inability to break above key resistance is likely to lead it lower in the near-term, which comes as its technical strength begins degrading. Ethereum Stabilizes Around $225, But Technical Weakness Grows  At the time of writing, Ethereum is trading up marginally at its current price of $225, which marks a notable decline from its weekly highs of $275 that were set last Sunday around the time Bitcoin ran to $10,000. The firm rejection at this level, however, sparked an intense dow...

Bitcoin to See a Golden Short Opportunity if it Taps This Level

Bitcoin’s intense selloff has slowed over the past 24-hours, with bulls garnering some notable buying pressure within the lower-$8,000 region, subsequently leading BTC to enter a short-term bout of consolidation around $8,600. Although bulls have shown some signs of strength during this latest leg down, it is important to keep in mind that its price action over the past week has been bear-favoring, and its deep retrace from its yearly highs seems to suggest its bullish market structure may have been invalidated. Now, top analysts are noting that an incredibly strong resistance level that exists just a hair above BTC’s current price region may be enough to spark a major selloff. Bitcoin Consolidates as Analysts Eye Multiple Key Levels At the time of writing, Bitcoin is trading down nominally at its current price of $8,660, which is around where it has been trading at for the past 24-hours. The cryptocurrency’s ongoing selloff first began last Sunday when it ran to highs of $10,000 befo...

This Juggernaut Crypto May Set Fresh All-Time Highs Today as Bullishness Grows

The crypto market’s intense uptrend seen throughout 2020 has come to a grinding halt over the past week, with most major cryptocurrencies reeling lower as Bitcoin struggles to find any notable support. In spite of this, Chainlink has been able to buck this trend and incur intense independent momentum, with its recent bounce at a key level leading some analysts to call it an “absolute juggernaut.” This intense momentum is likely to lead Chainlink significantly higher, with one prominent trader noting that it could set fresh all-time highs by the end of the day as it continues smashing through key resistance levels. This Crypto’s Intense Uptrend is Showing No Signs of Slowing Down At the time of writing, Chainlink is trading up roughly 7% at its current price of $4.05, with today’s climb marking an extension of the momentum that LINK incurred on Tuesday when it began bouncing at lows of $3.35. The climb from these lows has certainly been a bullish sign for the cryptocurrency, especially...

Gold Tanks Hard: Is Store of Value Narrative at Threat Like Bitcoin?

Gold has joined the proverbial blood bath both traditional and crypto markets have faced over the last few days. The sudden drop is reminiscent of the volatility seen in Bitcoin markets, but we’re still waiting for the likes of Peter Schiff to dismiss the yellow metal’s “store of value” qualities. The markets seem to be reacting to the worsening situation regarding the coronavirus. The increasing numbers of cases around the world appear to have investors well and truly spooked. Gold Price Drops Suddenly, Can it Really be a Store of Value? After spending much of 2020 growing in value, the price of gold has suddenly tanked hard. At the time of writing a single ounce of the yellow metal will set you back around $1,580. The precious metal traded for around $1,640 per ounce yesterday. This represents a more than 3.6 percent dip in a matter of hours. Such moves might be common in crypto asset markets but for gold, the move represents the biggest one-day plummet in more than three years. Gol...

Crypto Markets Shed $38B This Week When Bull Run?

The crypto markets have dropped more than $38 billion since Monday, Bitcoin and Altcoins have been in freefall. All of the top ten coins are in the red, leaving us asking when bull run? Today’s close will determine if we have ended the crypto bull run or not The crypto markets have had a rough week, dropping $38 Billion as capital fled the markets. Bitcoin has broken through two critical support levels, of $9500, and $8800, and is currently at $8722 at time of writing. Altcoins have been getting battered this week also, Ethereum is down at a price of $225.84, at the time of writing. The second largest coin has been mirroring Bitcoin’s downward price action. So far Bitcoin hasn’t closed under the 200 day MA on the daily chart, but currently we are below the 200 day MA. If we close beneath this critical support, we may have entered a bearish trend. If we manage to close above the 200 day MA, we could see a bounce and continuation of the bullish trend. Today’s candle will be very impor...

Bitfinex Claims Repayment Of $100 Million To Tether

Bitfinex has announced that it has repaid its sister company, Tether, USD $100 million of the $700 million it borrowed early last year. This controversial loan sparked rumors of insolvency, and an investigation from the New York State Attorney General. PAYMENT TIED TO LAST YEAR’S FUNDING DEBACLE The exchange, once the world’s largest, borrowed the money from Tether after it claimed to have been having trouble with its banking partners. At the time Bitfinex asserted that its payment processor, Panama-based Crypto Capital Corp., froze $850 million of its assets. To ensure solvency, Bitfinex borrowed $700 million from Tether, or so the story goes. Bitfinex repeatedly assured the public that the loan was legitimate and that it did not threaten Tether’s financial security. Not surprisingly, this move received tremendous criticism, and prompted an investigation by New York Attorney General Letitia James. Last July the exchange stated that it had begun to pay back the borrowed money. Today...

Bitcoin Bearish Sell Pressure Is Waning Despite Aggressive Selloff

Bitcoin may appear to be on the brink of total collapse as coronavirus fears shake up markets, but trading volume tells a very different story. According to the volume profiles of each the greater bear market and the recent downtrend from the June 2019 top, selling pressure has been subsiding and it could signal “good times” ahead for the crypto market. Bitcoin Sell Pressure Dwindling As Time Progresses Most people first heard about Bitcoin and cryptocurrencies during the meteoric rise of 2017 that turned into a full block bubble once retail investors caught wind of the astronomic riches being generated by early investors in the emerging asset class. Valuations of Bitcoin and altcoins like Ethereum, XRP, Litecoin, and many others skyrocketed. But retail FOMO caused the bubble to expand to epic proportions and eventually the bubble popped. Related Reading | Bitcoin Bounces Off Buy Zone, Accurate Crypto Analyst Says Its Time to Hold  Those that showed up late to the party go left ho...

Bitcoin is in for a Severe Correction as Open Interest Skyrockets

Bitcoin’s intense downtrend appears to be far from being over, as the benchmark cryptocurrency’s bulls were unable to support BTC above a critical support level that was ardently defended throughout yesterday. It now appears that the break below this level has put the crypto in precarious territory, potentially opening the gates for significantly further near-term downside. This comes as the market’s open interest on margin trading platforms balloons past $1 billion, which is a bearish sign that is historically followed by intense downwards momentum. Bitcoin Struggles to Find Support as Bears Continue Pushing It Lower At the time of writing, Bitcoin is trading down just over 2% at its current price of $8,620, which marks a notable decline from daily highs of just under $9,000 that were set yesterday when bulls attempted to recapture its position within the $9,000 region. The firm rejection at this level, however, led the crypto to continue inching lower, leading it to drop as low as $...

The Difference Between Popular Worldwide Online Casinos

Any person who relishes playing casino games over the internet will tell you that there can never be a shortage of online casino sites. Depending on your country of residence, there are hundreds, even thousands of casino sites you can play at. All these online casinos claim to be the one where you need to place your wagers. Sorry to say, not each casino site is as excellent as they usually say they are. This, therefore, begs the question: how will you be sure you’re registering an account with one of the leading casino gaming sites? Well, getting your hands on the most reliable online casinos worldwide could be exceptionally tiring if you are following a trial and error basis. You could spend hours and hours hopping from one betting platform to another until you finally find the gaming site that best suits your needs. On the other hand, if you take a more practical and analytical approach, it will be effortless for you to notice the difference between popular worldwide online casin...

While The Rest of the Market Tanks One Cryptocurrency Is Above All-Time High

Cryptocurrency investors are seeing red this week, as are investors in the stock market and just about any financial market due to widespread fears over the coronavirus. But there’s one cryptocurrency that is defying all odds and market conditions and has just reached above its previous all-time high daily close. Chainlink Eyes New All-Time High Even Admist Coronavirus Market Crash Chainlink is the cryptocurrency industry stand out of the last year. It was a top performer during 2019, even while other assets were falling, the altcoin kept on rising. The cryptocurrency asset is showing its resiliency regardless of market conditions once again and is defying all odds to potentially set a new all-time high even during one of the most extreme market selloffs the world has seen in years. Not only has Chainlink held up particularly well, even rising amidst the economic turmoil, it is well on its way to setting a new all-time high against Bitcoin on the LINK/BTC trading pair. $LINK While the...

S&P 500 Crash Resembles Illiquid Altcoin Crypto Whale Dump

Fears over the possible implications of the coronavirus pandemic have caused the stock market to crash with one of the sharpest one-week declines in the history of the S&P 500, making its chart look like that of an illiquid altcoin. How does the comparison stack up? And why are investors in the stock market so shaken up that the selloff so closely matches that of a crypto asset with low liquidity altcoin? Stock Market and Crypto Investors Remain Spooked By the Coronavirus Panic over the impact the rapidly spreading virus may have on the global economy, ranging from its shutting down of manufacturing facilities to it limiting travel to parts of the world that are particular hotspots for potential infection. The death toll is rising, and health officials are struggling to prevent the spread of the virus. Related Reading | Has the Coronavirus Put an End To the Bitcoin Safe Haven Narrative?  The spread has also reached the world of stocks, cryptocurrencies and more. Financial mark...

Bitcoin Price Could Recover If Bulls Defend These Key Levels

Bitcoin (BTC) faced a serious downturn this week, shedding more positions from above $9,500. Now, the leading coin is fighting for key support levels, in case it breaks down closer to the low $8,000s. Bitcoin Address Data Suggest Strong Support Levels But before that, based on wallets acquired at various price levels, bitcoin must break several quite strong support levels. Analysis for wallets in the money and out of it shows BTC has a high chance of bouncing from the $8,100 as a local low to the recent downturn. Bitcoin bounced on Friday, moving to $8,659.07 after dipping twice to the $8,500 tier. At these price levels, the accounts in the money and out of the money are pretty well balanced. The latest IntoTheBlock report shows that bitcoin may put up a serious fight around the $8,600 to $8,900 level, where 873,000 addresses are holding onto 643,000 BTC. If that level breaks through, there are other signs of possible support levels between $8,100 and $8,300. At that area, defence m...

Best Data Science Degrees to Get Hired in 2020

What are the best data science degrees to get hired in 2020? We did a lot of research and we can now share with you the best data science degrees in 2020 ! ✅Get 20% OFF the data science training! http://bit.ly/393nhtf To get into Data Science , you need a degree that signals potential employers you are the qualified candidate they’re looking for. We have conducted several studies on this topic to determine what are the best degrees for an aspiring Data Scientist. So, in this video, we’ll go over the level, discipline and university rank you should be looking at when deciding what degree is worth pursuing or if your current degree is suitable for the field. For more: ✅ Website: https://bit.ly/2TrLiXb ✅LinkedIn: https://www.linkedin.com/company/365datascience ✅Medium: https://medium.com/@365datascience ✅Twitter: https://twitter.com/365datascience ✅Facebook: https://www.facebook.com/365datascience ✅Pinterest: https://www.pinterest.com/365datascience/ ✅Reddit: https://www....

How to Become a Data Scientist in 2020 – Top Skills, Education, and Experience

Data science has been one of the trendiest topics in the last couple of years. But what does it take to become a data scientist in 2020? The article originally appeared on https://ift.tt/3cdxtBj For the 3 rd  consecutive year, we have asked the data. In a nutshell, here are the latest research results that we have found: ​The typical data scientist is a male, who speaks at least one foreign language and has 8.5 years of work experience behind their back. They are likely to hold a Master’s degree or higher and most definitely use Python and/or R in their daily work. Read the full article here ->  https://ift.tt/3cdxtBj source https://www.icocalendar.today/blockchain-news/how-to-become-a-data-scientist-in-2020-top-skills-education-and-experience

How Much Bitcoin Youd Get If All 21 Million Were Distributed Worldwide

It is not a secret that Bitcoin is one of the scarcest assets out there. But have you wondered how rare the largest cryptocurrency really is? There Is So Much Room for Bitcoin Adoption Imagine if a new global regime would rise out of nowhere to rule the world through a UN-like body and decided that everyone should be equal. More than that, this new body would endorse Bitcoin as a legitimate currency and would distribute it to everyone. While this defies Bitcoin’s decentralized nature, how much BTC would each individual get anyway? Well, the world’s population is almost 7.8 billion according to Worldometer, and Bitcoin’s current supply is 18,240,387. That means that each person would end up with 0.00233851 BTC or 233,851 satoshis. Considering today’s BTC price at around $8,845, that amount would be worth about $20. Not that much, right? This demonstrates that there is still much room left for Bitcoin adoption. According to the Bitcoin distribution chart, there are over 21 million add...

Theres a High Probability Ethereum has Bottomed Opening the Gates for New Highs

Ethereum (ETH) and the aggregated crypto market is in the process of bouncing following yesterday’s intense selloff, with the current price action being emblematic of a relief rally that could ultimately be a bullish sign, if bulls are able to maintain the momentum. This relief rally has led Bitcoin to surge towards $9,000, while Ethereum and other major altcoins post gains of 5% or more. One top trader is now noting that he believes that ETH has posted a long-term bottom, and that it could soon target a swift movement up to fresh 2020 highs. Ethereum Rallies 6% Following Yesterday’s Bloodbath At the time of writing, Ethereum is trading up just under 6% at its current price of $237, which marks a notable climb from daily lows of nearly $210 that were set at the bottom of its recent selloff. Bulls’ ability to post a strong defense of the lower-$200 region is a highly bullish sign, as it shows that they still have some underlying strength despite the weakness shown by ETH over the past ...

4 Things Holding Back XRP Price Right Now

Ripple’s XRP token had been performing very well in 2020, reaching as high as $0.34 in mid-February, before pulling back to just under $0.30. Unfortunately, it wasn’t immune to the losses which have hit virtually the entire crypto-space this week. So what could be holding it back from recovering now? Ripple Case Not Dismissed A federal judge in California yesterday ruled that the class action lawsuit being pursued against Ripple could not be dismissed. A group of investors are suing the company, claiming that they lost money selling XRP after being ‘tricked’ by Ripple’s promotional statements. The judge did dismiss certain claims, but Ripple had requested that the case be thrown out entirely, due to it being filed over five years after XRP was first offered in 2013. The investors will now get a chance to take Ripple to court for selling unregistered securities. Ripple themselves said that this “would upend and threaten to destroy the established XRP market more broadly.” XRP Securit...

Pre-Halving Rally: Bitcoin Just Bounced From Stock-to-Flow Baseline

Since the start of 2020, talk of the upcoming Bitcoin halving has caused the first-ever cryptocurrency and the rest of the crypto market to skyrocket out of control. It’s only this past week where a pullback occurred, caused by coronavirus-related market-wide panic. But despite the selloff, Bitcoin remains bullish, bouncing off the stock-to-flow baseline that suggests the asset’s value will rise exponentially after the halving this May. Bitcoin’s Halving Is on the Horizon There are few narratives that surround Bitcoin that have as loud of an echo chamber as the upcoming halving scheduled for this coming May 2020. The crypto market has been anxiously awaiting the halving since the crypto market downtrend first began, as it is expected that the reduction in Bitcoin supply caused by the halving, will cause an imbalance of supply and demand that causes prices to surge. Related Reading | Bitcoin To Explode By 80% Before Halving According to Past Cycle Comparison  Each pre-coded halving...