Analyst Who Predicted Bitcoin’s $3,000 Bottom & More Thinks This Is Next

Analysts in the Bitcoin market are dime a dozen, but good analysts are hard to come by. One of these “good” analysts is PenarthUdi — a pseudonymous TradingView user who few know nothing about, other than the fact that his calls have been amongst some of the most accurate in the industry. In December 2018, he made the linked infamous call on TradingView, on a chart depicting that he expected for Bitcoin to bottom around $3,000 by the end of 2018, then rally to a price between $10,000 and $20,000…

US State Reps Submit Bill Spurring Blockchain Innovation in Rhode Island

Two state representatives in Rhode Island introduced a new bill promoting blockchain and technology adoption in the state.  Rhode Island representatives David Place and Blake Filippi introduced a new bill on March 11 known as the “Rhode Island Economic Growth Blockchain Act.” The motion aims to provide green pastures for blockchain innovation growth, ensuring Rhode Island’s ability to keep up with the times.  The bill’s new regulation  The new proposal aims to give blockchain regulatory parameters within Rhode Island. The bill reads: “The state of Rhode Island understands that to…

DeFi Giant MakerDAO Avoiding Shutdown in the Face of Tanking ETH — For Now

As Ether’s price sees record losses, MakerDAO, the biggest player in decentralized finance (DeFi) on the Ethereum network, is looking at responses including a shutdown — though that possibility remains unlikely at this point. Markets clobber DeFi Per a March 12 call in response to “Black Thursday” losses, developers and MakerDAO Foundation members weighed the damage that the drop in Ether’s price had done to MakerDAO’s lending protocol.  MakerDAO lends DAI for collateral in the form of Ether. As the market for ETH drops, MakerDAO’s protocol automatically sells. The recent…

Binance Doubles ETH Withdraw Fees, Firing Up Crypto Traders

Binance announced in a tweet on March 12 that it is doubling fees for ETH withdrawals. The company cited network congestion as the reason for the decision. The tweet specified:  “To better facilitate ERC20 and ETH withdrawals during this period of high congestion on the $ETH network, we are making the following temporary adjustments: ETH withdrawal 0.003 ETH is now 0.006 ETH ERC20 withdrawal 0.006 ETH is now  0.01 ETH Withdrawals will re-open shortly.” Binance Crypto Traders are not happy with the news This decision angered some members of the…

In Echo of 2008, Fed Pledges $1.5 Trillion Injection to Aid Reeling Markets

U.S. central bankers pledged Thursday to inject some $1.5 trillion into the financial system in an effort to calm panicky markets after the spreading coronavirus triggered steep price declines on everything from stocks to bitcoin. The move by the Federal Reserve Bank of New York comes as investors in traditional Wall Street markets have rushed to snap up U.S. Treasury bonds, historically viewed as a “safe haven” asset in times of turmoil. The flight to safety has pushed down the 10-year note’s yield, which moves in the opposite direction from…

Amid Market Downturn, Number of People Owning 1 BTC Hits New Record

Amid the ongoing crypto market decline, the number of crypto wallets containing one Bitcoin (BTC) or more continues to rise. According to major blockchain analytics firm, Glassnode, the number of Bitcoin addresses holding one or more bitcoins has been steadily growing and reached a new all-time high (ATH) On March 11. On that day, the amount of hodlers owning one Bitcoin or more reached an ATH of 795,630, crossing a previous ATH of 795,300 observed on March 10, Glassnode tweeted. Since March 2019, the number of Bitcoin wallets holding one…

US Fed Unveils $1.5T Rescue Injection But Will Bitcoin Price Rebound?

Equities markets and the crypto market continue to struggle as Europe and the United States enact increasingly drastic measures to ward off the spread of the Coronavirus. Among the general public and investors, there is a feeling that world governments have drug their feet in responding to what is clearly an urgent crisis, thus major markets continue to tumble.  The Dow opened sharply down, triggering the circuit breaker which halted trading for 15 minutes. Despite the intervention and a live statement from President Trump, the Dow is down 7% and…

Fintech in the United Kingdom After Brexit

The first round of negotiations between the United Kingdom and the European Union to determine their future, post-Brexit relationship took place between March 2 and March 5 in Brussels, Belgium. The outcome of these negotiations will shape the way the two work together following the end of the transition period, currently scheduled to extend through Dec. 31. For the financial technology sector, the discussions surrounding the future U.K.–EU regulatory relationship as it relates to financial services will be particularly important to watch, as the outcome will determine how fintech services…

Crypto-powered Sheep Feeding Channel Raises Money for a Good Cause

A Czech farm has set up a 24-hour live stream where viewers can instantly convert their crypto change into sheep food. Upon payment, alfalfa pellets are dispensed directly into the flock’s feeding tray, allowing viewers to watch the delighted lambs gobble down their treats in real-time. Tanglesheep’s Shed streams 24 hours a day on YouTube and Twitch, however, feeding hours are strictly between 8:00 and 20:00 CET. The stream features three different angles of the sheep enclosure, in addition to headshots of the eight adopted sheep that star in the…

Enjin Courts Blockchain Game Developers With Multiverse Program

Blockchain-based gaming ecosystem Enjin (ENJ) has launched its Multiverse Program and is now seeking applications from interested developers. The program is designed to attract developers to explore Enjin’s Multiverse platform – a gaming platform that supports the creation of in-game digital assets that can be transferred and used across multiple games hosted in the multiverse. Developers selected for the program will receive one year of free access to the Enjin Platform, support from Enjin’s developers, and project promotion across Enjin’s social media. The program is open to existing projects at…