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“# China’s BSN predicted as long-term global project, still ahead of others ” First announced in October 2019, China’s Blockchain Service Network, also known as BSN, is aimed at providing a global public infrastructure designed to support both private and public blockchain networks across interconnected cities. According to the BSN introductory white paper, the project…
“# Fund execs offer $1M bets that Bitcoin’s S2F model won’t come true ” Chief investment officer of crypto hedge fund Arcane Assets Eric Wall has offered a $1 million bet that the Bitcoin stock-to-flow model will be proven false before 2025. In a Nov. 12 tweet to his 32,700 followers, Wall laid out the…
“# Blockchain adoption 2021: Going mainstream through enterprise use ” American market research company Forrester recently released its blockchain predictions for 2021. The report reveals interesting findings, noting that 2020 has been an important year for growth in the enterprise blockchain and distributed ledger technology space. Martha Bennet, principal analyst at Forrester and a co-author…
“# Interview: Is the stock-to-flow model flawed? ” The stock-to-flow model is flawed, says Charlie Morris, co-founder and CIO of crypto data firm ByteTree. According to the popular theory developed by quantitative analyst Plan B, Bitcoin’s capped supply is the key feature that will bring its price over $100K in 2021, and beyond. However, as…
“# CEO of crypto derivatives exchange FTX donated $5M to Biden campaign ” Sam Bankman-Fried, the CEO of Hong Kong-based cryptocurrency derivatives exchange FTX, donated $5.2 million to vice president Joe Biden’s presidential campaign. As The Wall Street Journal reported on Oct. 28, Biden’s presidential campaign received a total of $79.5 million from the top 100 donors…
“# Crypto-powered prediction market flourish during US presidential election ” The 2020 U.S. presidential election has driven significant action across crypto-powered predictive markets. Ethereum’s co-creator Vitalik Buterin took to Twitter during the counting of votes to praise the success enjoyed by crypto-powered prediction platforms amid the election season, stating: “Regardless of who wins from here,…
“# Bitcoin sees record 100 days above $10K as one analyst eyes ‘parabolic’ 2021 ” Bitcoin (BTC) has officially beaten a new record as BTC/USD trades above $10,000 for 100 days, and major gains should come next. As voting in the United States’ presidential election ended on Nov. 3, Bitcoin saw a landmark moment of…
“# Abra CEO’s portfolio is 50% Bitcoin as cash is ‘becoming worthless’ ” The co-founder and CEO of major cryptocurrency company Abra is clearly bullish on Bitcoin (BTC). In an Oct. 23 tweet, Bill Barhydt, CEO of peer-to-peer payments platform Abra, claimed that he has significantly increased his Bitcoin holdings a few weeks ago. According…
“# PayPal might issue its own cryptocurrency soon, says CoinShares exec ” Global digital payment giant PayPal might be moving into issuing its own cryptocurrency after officially entering the crypto industry, according to a major industry exec. Meltem Demirors, CSO at digital asset management firm CoinShares, says that she will not be surprised if PayPal…
“# Bitcoin trader shares 7 reasons to be bullish on BTC beyond $12K ” Bitcoin (BTC) abandoning correlation with traditional markets will be its “biggest story” if it continues, one popular analyst says. In a series of tweets on Oct. 21, Cole Garner highlighted Bitcoin’s market decoupling among bullish price factors. Garner: Decoupling will be…