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“Bitcoin is now ahead of our April 2020 forecast schedule ­– to hit $115K this summer,” wrote Dan Morehead, CEO and co-chief investment officer at Pantera Capital, a blockchain hedge fund, in an emailed newsletter. The Pantera prediction is based on the stock-to-flow model – an analytical framework that values an asset’s price based on its annual issuance schedule. The model measures the scarcity of bitcoin (BTC), which is governed by the underlying network programming coded into the blockchain’s design when it was launched 12 years ago. Under that plan, the number of…

XRP, the digital token used in Ripple Labs’ payments network, was outperforming bitcoin and other major cryptocurrencies on Tuesday, with a longer-duration technical indicator flashing a bullish signal. The token’s price was around 48 cents at press time, up 9% on a 24-hour basis, based on CoinDesk 20 data. Other prominent cryptocurrencies such as bitcoin, ether, chainlink and litecoin were nursing moderate losses. XRP’s 50-week moving average crossed above the 100-week moving average (MA) earlier this month, confirming a pattern known in price charts as a “golden crossover” – a long-term bullish indicator. Traders and chart-reading analysts often…

Bitcoin (BTC) trading around $55,736.37 as of 20:00 UTC (4 p.m. ET). Sliding 1.73% over the previous 24 hours. Bitcoin’s 24-hour range: $53,350.37-$56,988.34 (CoinDesk 20) BTC trades between its 10-hour and 50-hour averages on the hourly chart, a sideways signal for market technicians. Bitcoin trading on Coinbase.Source: TradingView Bitcoin traded in a narrowed range as Monday’s sell-off appeared to subside and prices settled in the mid-$50,000 range for the most of Tuesday. Monday’s decline resulted in some $1.6 billion in derivatives bets being liquidated, second only to the record level that took place on…

The total locked-in value of decentralised finance is now a staggering 310 billion and the market keeps on growing as more and more investors are starting to shift towards DeFi; which is great news because the blockchain industry can’t possibly grow without the support of its world wide users, and at the same time, traffic is the main thing that will keep projects going in the long run. As the DeFi industry continues to evolve, Chainge, a coded financial platform customised for both institutional and individual investors, is in full swing…

From the proposal of bitcoin to now, blockchain has gone through tenyears of development, and has long killed the sky in the field ofpass economy, but in the field related to blockchain commercialapplication, it seems poor, except in very few fields includingmedical, intelligent AI, big data, etc. There is a preliminaryinvolvement, but also subject to the sensitivity of the data, butalso did not get a good development, blockchain business applicationswhy it is so difficult? We might as well analyze it from variousangles. Paradox 1: The greater the use of pass,…

From the proposal of bitcoin to now, blockchain has gone through tenyears of development, and has long killed the sky in the field ofpass economy, but in the field related to blockchain commercialapplication, it seems poor, except in very few fields includingmedical, intelligent AI, big data, etc. There is a preliminaryinvolvement, but also subject to the sensitivity of the data, butalso did not get a good development, blockchain business applicationswhy it is so difficult? We might as well analyze it from variousangles. Paradox 1: The greater the use of pass,…

A Goldman Sachs executive predicts there may be consolidation coming for cryptocurrency infrastructure providers as the market matures. In a recent company podcast, Matt McDermott, global head of digital assets for Goldman Sachs Global Markets Division, hinted that “incumbent banks” – like Goldman – could face pressure to increase their crypto business lines, with one obvious path being mergers and acquisitions. “This is a fast-evolving landscape where the crypto incumbents have certainly made huge progress over the last couple of years,” McDermott said. “There is an expectation from clients now that…