Blockchain Migration Is All the Rage

On April 24, Gifto announced that it’s moving house from Ethereum to Binance Chain. In doing so, it joins half a dozen other projects that have recently committed to the most talked about new blockchain in town. Blockchain migration can occur for a number of reasons, but beyond providing an instant shot of publicity, does making the move yield any long-term benefits? Also read: Survey Shows South Koreans Increased Crypto Holdings by 64% Last Year Tokenized Projects Can’t Stop Chain Hopping “While we have tremendous respect for what the Ethereum…

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Why Bitcoin Can Only Go Up From Here

Bitcoin price hit a new ATH this year reaching $5,600. The next stop looks to be $6,000. HODLers are daring to dream… But, let’s keep a little perspective. All major coins are still a (very) long way off their all-time-highs. That could be significant in itself, though. After all, the bounce-back can only be higher. There’s Only One Way to Go From Here Do you want the good news or the bad news first? Let’s start with the bad. Despite breaking through a key resistance level and forming its first…

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Crypto of the Day App Gauges Investor Sentiment and Market Trends

Taking relevant investment decisions in the crypto space requires comprehensive information about current trends and a good idea of the sentiment of market participants. A mobile application called Crypto of the Day aggregates data about both and offers some other useful features. Also read: Crypto Rocket Lets You Track Over 2,000 Cryptocurrencies Finding the Coins That Can Grow Crypto of the Day is an app developed for Android devices. In essence, it represents a social network that analyzes digital assets and their market movements. Traders can use it to find…

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Bitcoin Price Sparks Altcoin Bloodbath As Ripple CTO Quietly Dumps XRP

Bitcoin price suddenly fell $150 April 24 in an abrupt end to its latest bullish advance which has triggered a major altcoin sell-off. Bitcoin Price Corrects From 2019 High Data from cryptocurrency exchange Bitstamp, which traditionally offers a more conservative reading Bitcoin price, puts the largest cryptocurrency at $5470 as of press time Wednesday. The current levels come after BTC/USD 00 lost its upward momentum at $5620, dropping 1.5 percent in a matter of minutes before bouncing off support around $5410. That downward pressure marks Bitcoin’s first major retracement since…

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Bitcoin Can Become a $5 Trillion Asset by 2024, Says Anthony Pompliano

Anthony Pompliano of Morgan Creek Digital believes Bitcoin is in a unique position to experience parabolic growth within the next five years, taking its market capitalization to $5 trillion. Bitcoin Set for Parabolic Growth In a tweet published on Monday (April 22, 2018), Pompliano identified Bitcoin as the only sub-trillion-dollar asset that looks capable of increasing by as much as 50 times within a five-year time frame. Such an increase would see the market capitalization for BTC topping $5 trillion and bring Bitcoin into the same value class as assets…

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Lots of Building on BCH as Bitcoin.com’s REST Layer Sees Millions of Requests

Over the last year, Bitcoin.com has released a robust Bitcoin Cash (BCH) developer platform loaded with programming tools like Bitbox as well as the newly launched Badger and SLP tool kits. In addition to these services, Bitcoin.com provides programmers with guides, a GUI BIP44 development wallet, a BCH testnet faucet, and REST layer for the BCH network so developers can speak to the blockchain over REST. On April 19, the Rest.Bitcoin.com platform got over 5 million requests in 24 hours, suggesting some exciting ideas are being built by BCH developers.…

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Why Moving to Texas Could Give Bitcoin Miners Maximum Profit

Flaring, a common practice of burning off natural gas that can’t be efficiently captured and stored has reportedly reached record levels in the state of Texas. Let’s look at why Bitcoin mining would be the perfect solution to capture this energy ‘waste’ and transform it into sound money.  Texas ‘Energy Waste’ Rises 85% According to a recent Bloomberg report, America’s Permian Basin, a large sedimentary basin located in the southwestern part of the country, is producing so much natural gas that at some point producers had to burn some of it off.…

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Survey Shows South Koreans Increased Crypto Holdings by 64% Last Year

Over the last few years, South Korea has become a hotspot for cryptocurrencies and the region captures a large amount of the world’s digital asset trade volume. A survey published on April 20 by the Korea Financial Investment Association shows that the average South Korean cryptocurrency trader has increased their crypto holdings by 64.2% over the last year. Also read: Central Bank Digital Currencies Take Center Stage at IMF Spring Meetings South Korean Crypto Investors Increase Holdings The South Korean news outlet Arirang Daily News revealed the results of a…

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5 Big Reasons Why Bitcoin Can Never Be Banned

Most countries around the world are scrambling to regulate Bitcoin. Some, like Bolivia, Egypt, and Saudi Arabia, have even tried to outright ban it. The problem is, no matter what regulators say, there are four major reasons why Bitcoin is unbannable. 1. Laws Can’t Be Written Against Bits and Bites There’s a saying in the Bitcoin community that you still hear from time to time: You can take your country out of bitcoin, but you can’t take bitcoin out of your country. Why? Because it is actually impossible to write…

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Paytomat Enables Merchants to Accept 18 Cryptocurrencies In-Store

Accepting cryptocurrency payments in your store doesn’t require specialist hardware or complex integration – Paytomat is proof. The crypto payment gateway enables merchants to accept 18 cryptocurrencies including BCH using their existing equipment. To date, hundreds of brick and mortar stores across four continents have added crypto support using Paytomat. Also read: Crypto-Based Transfers Can Cut Remittance Costs in Africa by 90% Hassle-Free Crypto Payments at the Point of Sale Over the last two years, Paytomat has quietly been making a name for itself as an accomplished crypto PoS solution.…

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