Hello world!
Market Society
by Pragiya
1y ago
Welcome to WordPress. This is your first post. Edit or delete it, then start writing! The post Hello world! first appeared on Market Society. The post Hello world! appeared first on Market Society ..read more
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How U.S. Restrictions on Wechat & Other Chinese Brands Could Boost Crypto
Market Society
by repost
3y ago
The ongoing tensions between the U.S. and China could boost crypto should certain events transpire, say certain investors. Ongoing China-US Tensions May Be Able to Boost Crypto: Dovey Wan & Others President Trump announced that U.S. businesses can no longer transact with Tencent and ByteDance. Tencent is best known for WeChat and ByteDate is best known for TikTok. Although it seems that this move was to pressure those two platforms, some think that the fundamental value of crypto is boosted if Trump next targets Chinese fintech firms. As Dovey Wan of Primitive Ventures said: “If US banni ..read more
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Bitcoin’s Rocketing Network Activity Suggests BTC Remains Highly Undervalued
Market Society
by repost
3y ago
Bitcoin’s on-chain activity has been on the rise throughout the past few months, marking a massive surge from where it was this time last year. This is a sign of intense fundamental strength, as it shows that more entities and individuals are interacting with the BTC network at a greater rate than seen during last summer’s bull run. It also suggests that the cryptocurrency may be in a far better position now than it was during previous uptrends. BTC’s “Market Cap to Thermocap Ratio” confirms this notion, indicating that Bitcoin is currently undervalued based on the total revenue being generat ..read more
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Ethereum DeFi’s Poster Child COMP Surges 15%?
Market Society
by repost
3y ago
Bitcoin and Ethereum are pulling back, but Compound (COMP) is surging higher. The native governance token of the flagship of the decentralized finance space, COMP has gained 15% in the past 24 hours as per Coin Market Cap. This comes after the altcoin was embroiled in a multi-week bear market after an initial surge in June. Many attribute the ongoing bull market to the launch of Compound, which spurred interest in DeFi, then Ethereum, then Bitcoin. With bulls seemingly back in control of COMP, traders are wondering what comes next for the Ethereum-based asset. Ethereum-Based Compound Token Su ..read more
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Blockchain Analytics Show Altcoins 2x More Prominent in East Asia Compared to North America
Market Society
by repost
3y ago
On August 6, the blockchain intelligence firm Chainalysis published a report that analyzes cryptocurrency trends across various regions worldwide. The report shows altcoins’ prominence in East Asia when compared to North America. According to the statistics, North America purchases and holds more bitcoin than any other region. Bitcoin also accounts for the largest share of U.S. crypto asset activity with 72% of all the transaction volume. The blockchain analytics company Chainalysis published an excerpt from the firm’s upcoming “2020 Geography of Cryptocurrency Report” which shows an interest ..read more
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US Dollar Could See Bearish Reversal: Is A Bitcoin Reckoning Coming?
Market Society
by repost
3y ago
The dollar has been in sharp decline. Analysts are calling for the global reserve to lose its crown to the likes of Bitcoin or the yuan. Sentiment has reached substantial lows. However, when dollar sentiment fell this low in the past, it often triggered a strong reversal in the currency. Such a reversal, if it happens again, could bring a day of reckoning to crypto assets. Dollar Sentiment Reaches Reversal Point, Despite More To Drop All markets are priced in USD due to the United States dollar’s role as the global reserve currency. It is the base pair currency that all exchange rates are bas ..read more
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LEND Rallies Another 20%; Here’s Why It Could Hit a Record High
Market Society
by repost
3y ago
LEND price surged another 20 percent on a 24-hour adjusted timeframe. The extended upside move brought the DeFi token closer to its all-time high of $0.485. Jeff Dorman, the chief investment officer at Arca, credited the LEND economic model behind its 2,000 percent rally this year. The price of LEND jumped another 20 percent in the last 24 hours, emerging as one of the most profitable assets in this quarter and year. The LEND/USD exchange rate established its year-to-date high at $0.399 in early Friday trading session. Its gains followed a sharp 45 percent downside correction – that last we ..read more
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Bitcoin Will (Eventually) Need a Hard Fork
Market Society
by repost
3y ago
Most of us will be dead by then. Projected to happen in the year 2106, Bitcoin will suddenly stop running based on the code its network of users is running today. Users won’t be able to send bitcoin to others; miners securing Bitcoin’s global network will no longer serve a purpose. Bitcoin will just stop. The good news is the bug is easy to fix. It’s a problem Bitcoin developers have known about for years – since at least 2012, maybe earlier, according to Bitcoin Core contributor Pieter Wuille. To some developers, the Bitcoin bug potentially sheds light on the limits to Bitcoin’s decentraliza ..read more
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German Authorities Confiscate $30 Million in Bitcoin From Pirate Movie Site
Market Society
by repost
3y ago
German authorities, with the help of the U.S. Federal Bureau of Investigation (FBI), have confiscated about $30 million in bitcoin from an operator of a pirate movie website. An unspecified amount of bitcoin cash was also seized. Bitcoin and Bitcoin Cash Seized The German state of Saxony’s media service announced Monday the confiscation of “bitcoins with a total value of 25 million euros [$30 million].” The seizure was in connection with a case involving the website movie2k.to, a user-contributed video directory for movies and television programs that allowed users to download pirated content ..read more
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Indicator Uncovers Early Signs Of An Ethereum Reversal
Market Society
by repost
3y ago
Ethereum has been leading the cryptocurrency market higher, helping to push Bitcoin through $10,000 and restart the overall market bull run. But before new highs are set, the smart money indicator is hinting that a strong reversal is coming, and already may be underway. Ethereum Carries Crypto Market Higher, Helps Bitcoin Push Through Critical Resistance Ethereum has absolutely exploded from Black Thursday lows. Like Bitcoin, the second-ranked crypto asset spent months consolidating below resistance. While Bitcoin built momentum below $10,000 – resistance that it finally cracked – Ethereum su ..read more
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