Chainlink May Gain Prominence Over Bitcoin – Citi Report

Quick take: A recent report by Citi Group forecasted that Chainlink may gain prominence over Bitcoin The report cites the use of LINK as a token in the Chainlink ecosystem could increase as blockchain continues to thrive globally over time Chainlink is also being adopted on other networks such as Tezos and Polkadot  Earlier this week, the team at Citi Group released a report explaining that Bitcoin was at a tipping point and could in the next seven years, ‘become the currency of choice for international trade’. The report went…

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Goldman Sachs Reentering Crypto Could Signal a Local Top for Bitcoin

In brief: Goldman Sachs will restart its Bitcoin and crypto desk next week The investment bank’s crypto desk was first launched in December 2017 around the same time Bitcoin topped at $20k Re-entry into the crypto space by the bank could signal a possible top for Bitcoin However, ‘this time around it will be different’ as institutions such as Microstrategy continue scooping up Bitcoin Yesterday, the investment bank of Goldman Sachs announced that it was restarting its crypto and Bitcoin trading desk next amidst increased demand for the investment products…

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An Iranian Think Tank Recommends the Use of Cryptocurrencies to Circumvent Sanctions

A think tank affiliated with the Iranian Presidency has unveiled a study report that encourages the use of cryptocurrencies in circumventing sanctions against the country. In addition, the report also claims the government could potentially “generate US$2 million a day and $700 million a year in direct revenue from cryptocurrencies.” Employment Opportunities Meanwhile, as reported by one local media outlet, the authors of the report say Iran can increase employment opportunities across its economy if it enables the creation of more bitcoin mining farms. In their report, the authors assert…

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Bismuth 2.0 | A Revamped System Built For the Modern-Day Users and a Competitive World

From a one-person team looking to explore the potential of cryptocurrency to an entire team of developers working to build an efficient global chain system, Bismuth has come a long way. A feature-packed system that is easy to use, understand and harness: Bismuth is everything a user can desire and a developer would want to work with. There are two things to know about Bismuth before moving forward. One that it is a blockchain, and at the same time it is also a platform adorning pertinent features and systems. After…

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Crypto Markets Regain Billions, Bitcoin Price Bounces Back 15%, Analyst Says ‘Resurgent Mood In the Air’

The price of bitcoin and a number of digital assets saw significant gains on Monday, as the entire market capitalization of the crypto economy has gained 2.4% in the last 24 hours. Bitcoin’s value passed the psychological $50k zone after hitting a low of $43,021 the day prior on Sunday. Bitcoin (BTC) touched a high on Monday, March 1, at $50,244 per unit at around 7:26 p.m. (ET). At the time of publication, BTC’s overall market valuation is around $926 billion and there’s $22.83 billion in global trade volume. The…

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Bitcoin’s SOPR Indicator Hints at a Possible Bottom for BTC

In brief: Bitcoin’s SOPR indicator has seen a full reset, turning negative for the first time in 5 months The indicator points to a possible local bottom for Bitcoin The last time it fell this low, Bitcoin went from $33,400 to $57,400 The crypto fear and greed index has fallen to levels last seen in late January when Bitcoin fell to $30k then went on to post a new all-time high above $58k Bitcoin’s weekly/monthly close is the final bearish hurdle for BTC Bitcoin’s SOPR indicator has experienced a full…

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Ethereum’s Success May Also Be its Own Killer – Binance CEO

Quick take: Binance CEO has pointed out that Ethereum’s success might be its own killer He compares Ethereum to MySpace which failed after it could not handle the load due to demand ETH2.0 is years away and this could be the ultimate Ethereum killer CZ further defended the Binance Smart Chain by saying it is not the Ethereum killer The CEO of Binance, Changpeng Zhao, has offered his insight as to what might be the real Ethereum killer. According to CZ, Ethereum’s success might be the reason for its eventual…

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Online Retail Giant Rakuten Allows People to Load Payment App With Cryptocurrencies

The firm Rakuten Inc., often referred to as “the Amazon of Japan,” announced customers can now load up Rakuten Pay accounts with cryptocurrencies like bitcoin, ethereum, and bitcoin cash. In order to commemorate the latest crypto service, Rakuten is also offering bonus points to people leveraging “Rakuten Cash” via crypto assets. Crypto Can Pay for Rakuten Goods and Services, Alongside Mister Donut, Familymart, and McDonald’s The massive Japanese electronic commerce and online retail company based in Tokyo is now allowing crypto users to leverage the company’s Rakuten Pay service in…

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25,600 Bitcoin (BTC) Worth $1.2B Has Left Coinbase in the Past Week

In brief: 25,600 Bitcoin has left Coinbase in the last week 13k Bitcoin left Coinbase on the 25th of February This shows that institutions are scooping up the Bitcoin dip with Coinbase facilitating a majority of the orders Bitcoin bullishness might be reignited thanks to the passing of a $1.9 Trillion stimulus bill by the US Congress In the past week, 25,600 Bitcoin (worth roughly $1.2 Billion) has left the crypto exchange of Coinbase. This is according to an obervation made by the team at Bloqport as seen in the…

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Al Buraq Is Now a Part of Al-Quran Promoting the Teachings of Holy Quran

The inception and distribution of Al Buraq certifies that it is possible to bridge the gap between modernism and the pivotal traditional values that are sacred to the community. Running on the blockchain Althash, the Al-Buraq is an HRC20 crypto-currency token developed for operations on the website Al-Burq. The Al-Buraq website runs with a purpose to propagate the teachings of the Holy Quran and the token will be used by the students to buy digital prints of the holy Quran and to reward the teachers contributing towards the cause. What…

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