Peter Schiff: Bitcoin HODLers Delusional as Gold Outperformed BTC, But Did It?

Peter Schiff, the CEO of Euro Pacific Capital, says “HODLers” of Bitcoin “remain delusional” because gold outperformed Bitcoin since 2019. But, BTC actually outperformed the precious metal so far in 2020. Schiff said: “Since hitting its high in June of last year the price of Bitcoin has fallen by 33%. During that same time period the price of gold has risen by 27%. So, priced in gold Bitcoin has fallen by 53%. The long-term trend has clearly changed in gold’s favor. HODLers remain delusional.” Year-to-date, Bitcoin increased from $7,153 to…

Blockchain Is the Leading Agent in Our Advance Toward Industry 4.0

Digital technologies are entering every aspect of our life at a steady pace. However, according to predictions from Huawei in collaboration with Oxford Economics, the digital economy is expected to comprise 24.3% of the world’s gross domestic product by 2025, giving it an astronomical valuation of around $23 trillion. Among the few innovative technologies leading this revolution is blockchain. Even though blockchain came to be the core technology for Bitcoin (BTC), today it stands independent, impacting several industries, from gaming companies and enterprises to the manufacturing sector. The fact that…

Project Spotlight: Balancer Labs | Crypto Briefing

Key Takeaways Automated market makers (AMMs) have become popular as they reduce the expense of traditional orderbooks. Following after the popular DEX Uniswap, Balancer Labs offers multi-asset pools and lets anyone become a liquidity provider. The network enjoyed a quick boost following the launch of its BAL governance token. The DeFi news category was brought to you by Ampleforth, our preferred DeFi partner Share this article Balancer Labs is one of the most talked-about DeFi projects in the space, and for good reason.  It ties up several key components from…

Top Copy Trader and Crypto Pundit on Their Market Predictions

There’s a palpable buzz in crypto markets right now. Copy trading is gaining momentum, as it allows investors to emulate the moves of experienced traders. We spoke to Jay Smith, a popular trader on the eToro platform who is otherwise known as Jaynemesis, as well as to Kevin Stanely, the host of the podcast CRYPTO 101. Here, they tell us more about how this feature works, share their predictions for Bitcoin and reveal which altcoins they believe are being badly overlooked right now. 1. Why would an established trader want someone…

Algorand Joins Blockchain Gaming Alliance After Bringing Chess to DLT

An American blockchain technology startup, Algorand, has joined a major blockchain gaming association, the Blockchain Game Alliance, or BGA. Algorand, known for providing technology to a number of national digital currency projects, is now officially a BGA member. They join more than 60 BGA companies, such as ConsenSys and MakerDAO, according to the BGA website. Announcing the news on July 2, Algorand said that the firm will be contributing to the BGA as a member and supporting sponsor. Bringing online gaming on blockchain By joining the alliance, Algorand wants to…

The Rise of Virtual Hackathons: Tackling Blockchain Challenges Online

Online events are becoming more common as coronavirus cases continue to surge. So it shouldn’t come as a surprise that the blockchain community has seen an uptake in virtual hackathons this year, a concept which is actually proving to be beneficial. For example, hackathon management platform TAIKAI works with organizations to facilitate a virtual open network for innovators looking to solve different challenges. TAIKAI CEO, Mário Ribeiro Alves, told Cointelegraph that lately the platform has been drawing attention from blockchain companies interested in launching virtual hackathons. According to Alves, virtual…

Cardano Price Hits 2020 Top Following Network Upgrade – Will the Rally Sustain?

ADA, the native token of Cardano, established a new 2020 top on Wednesday. The eighth-largest cryptocurrency surged to $0.097 for the first time in 13 months. The latest gains came as a part of a broader uptrend that began in March 2020 but received an additional boost from Cardano’s network upgrade news. Cardano is going to the moon before its top crypto competitor Bitcoin. The blockchain platform’s native asset ADA reached its year-to-date high on Wednesday. As of 2300 UTC, the ADA/USD exchange rate topped at $0.097, its highest since…

Data Startup Wants to Rank Every Cryptocurrency Product From Media to Wallets

Cryptocurrency data startup Nomics, in partnership with Nexo, is introducing algorithmic rankings of crypto wallets, lenders, custodians, tax services and over-the-counter desks. The plan is to eventually extend these rankings to every crypto product category, including media outlets. According to Nomics CEO Clay Collins, the same algorithm is applied to all categories without any manual intervention, which should make the rankings more objective. Each entity receives a reputation score based on social media activity and site links. The exact recipe is not disclosed in order to prevent manipulation. Unexpected results…

Chainlink Expected to Spend $25M More on Development Than Ethereum

According to the latest report from Flipside Crypto, Chainlink is spending one million LINKs a month rewarding node operators, outspending Ethereum by a wide margin. Chainlink’s aggressive expansion The researchers observed that 500,000 Chainlink (LINK) are sent to node operators twice a month.  Flows of LINK tokens within the crypto ecosystem. Source: Flipside Crypto. At current prices, this support constitutes almost $5 million dollars a month or close to $60 million annually. At the same time, the Ethereum Foundation is expected to spend $30 million this year. Meanwhile, Ether’s (ETH)…

Tesla Stock Surpasses $1,200 — Now 30% Higher Than Bitcoin Market Cap

The stock price of Tesla (TSLA) surpassed $1,200 in pre-market, achieving a market capitalization of over $220 billion. Now, the most valuable car company in the world is worth 30% more than the entire market cap of Bitcoin (BTC), the biggest and most popular cryptocurrency in the world.  Tesla overtook Toyota to become the highest-valued car manufacturer in the global market. It now looks to establish its dominance in the sector as its stock continues to soar. The stock price of Tesla surpassed $1,200 in pre-market. Source: CNBC Catalysts sending…