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May 11: If You Can't Handle Me at My Worst, then You Don't Deserve Me at My Best...
What a volatile Sunday for Bitcoin as it plunged from $9,800 to $8,100 in a single hour, a very large outsized move for a weekend trading session that even Coinbase suffered an outage. There was no news/catalyst, instead I think it was a planned outsized sale that happened. A likely scenario is that a coordinated selling or take-profit via OTC and exchanges.
Dubai’s Blockchain Market to Surpass $118 Million by 2025
Smart Dubai, a government entity established in 2013 to make Dubai a smart city, has revealed that the application of blockchain technologies in the city will increase to Dh437 million, around $118M USD, by 2025 from Dh 35 million, approximately $95M USD, recorded in 2018
Chinese Telecommunications Giant ZTE Collaborates with China Mobile to Publish Blockchain and Edge Computing White Paper
Chinese multinational telecommunications giant ZTE has partnered with China Mobile, along with the Chinese Ministry of Industry and Information Technology Laboratory, and Peking University to publish a “blockchain and edge computing whitepaper.”
Russia’s Largest Bank Sberbank Buys 5,000 Blockchain ATMs Despite Authorities' Plan to Ban Crypto
Sberbank, Russia’s largest bank, is purchasing more contactless ATMs that are powered by blockchain. The banking giant is making such a move despite an upcoming bill that aims to penalize individuals and firms that use and trade cryptocurrencies in financial transactions. Sberbank’s ATMs have nothing to do with cryptocurrencies as they do not act as BTMs (Bitcoin ATMs). The banking institution just intends to cut the need for physical contact associated with the use of bank debit/credit cards amid the coronavirus pandemic. Throughout the COVID-19 epidemic, Sberbank has been preferring to cut down the use of plastic cards because of health concerns.
Indian Bill To Ban Cryptocurrency Excluded From Winter Parliament Agenda
The bill to ban cryptocurrency trade in India has been left of its parliamentary winter session agenda, fueling speculation that there has been a change in strategy.
Billionaire Investor Tim Draper: Why Millennials Should Consider Investing in Bitcoin
The future of Bitcoin remains a hot topic. Billionaire venture capitalist, Tim Draper, calls Bitcoin as the way of the future. Draper had a recent interview with Foxbusiness, a session whereby he advised millennials that if they really want to retire rich, then they need to invest in Bitcoin.
May 15: The Year of Bitcoin Options?
Happy Friday! BTC up 3% in the past 24 hours, flirting $9,900, teasing the market at the $10K psychological level. In the last few days, I noticed BTC weakness from the start of Asia session followed by buying activity when the U.S. woke up, driven primarily by spot buying (futures curve still relatively flat).
PwC: Crypto M&A and Fundraising in Asia Reports Major Growth
PwC previewed its latest white paper—PwC Global Crypto M&A and Fundraising Report—last Thursday at CoinDesk’s Invest: Asia event. This is the first report by PwC on the broader crypto ecosystem, but the firm will continue to publish updates twice a year moving forward.
Bitcoin Price to Reach $1 Million in 2025, Raoul Pal Adds One More Zero to His BTC Prediction
Raoul Pal, the CEO of Real Vision Group, and a wall street veteran believes that Bitcoin could hit $1 million by 2025, according to his model.
One of the Richest Men in Mexico Invests in Bitcoin, saying “Paper Money is Worth Nothing”
One of the wealthiest men in Mexico, Ricardo Salinas Pliego has just revealed that he had invested 10% of his liquid portfolio in Bitcoin (BTC).
Bitcoin Price Sets 12-Day High as US Stock Futures Sees Bounce-Back Session
Bitcoin has currently surged above the $10,700 level, reaching its highest price level in 12 days.
Charles Hoskinson to Airdrop Kanye Coin and Pierce Coin to Demonstrate Cardano’s Multi-Asset Standard
With just one more day to go with the availability of participants being able to interact with the Shelley mainnet launched on June, 30; Charles Hoskinson, the founder, and CEO of Input Output (IOHK), the blockchain engineering firm behind the Cardano blockchain, took it to his “Ask me anything” (AMA) session on Youtube, addressing the recent news on the US Presidential candidates, Kanye West and Brock Pierce.