Connect with us

Blockchain

Bitcoin (BTC) Lacks Steady Support and Awaits Possible Breakout

Bitcoin continues to trade around $9.2k while the altcoin market experiences steep surges as the smart contract-based blockchain platforms make breakthrough developments and extend their services in all the possible sectors. BTC price trend has been moving with almost a flattish curve over ten weeks now with the intermittent rise and dips at $10.5k and …

Republished by Plato

Published

on

Bitcoin continues to trade around $9.2k while the altcoin market experiences steep surges as the smart contract-based blockchain platforms make breakthrough developments and extend their services in all the possible sectors. BTC price trend has been moving with almost a flattish curve over ten weeks now with the intermittent rise and dips at $10.5k and $8.8k, respectively.

Although Bitcoin turns flat and lacks momentum, BTC lovers and loyalists are not hopeless and await the possible breakout anytime soon. BTC is notably distant away from losing its charm this soon and is marking recognizable entries in all the possible branches.

It was just in the recent past when Bitcoin was encircled by PayPal’s contemplation to introduce direct sales of crypto assets and extending services to store their crypto using its digital wallet. However, the recent upgrade about the previous news, the massive tech giant legitimately confirmed that it is in action to develop capabilities in the cryptocurrency space. PayPal has 300+ million users, and this is going to be a big leap for crypto investors to have it all in one place.

Just as mentioned above, although Bitcoin lacks momentum, the spark is not gone, and in recent news after PayPal’s, Zimbabwean authorities suspend the services of Mobile Money Operators (MMO) after endless clashes. Now, it plans to opt for Bitcoin, and Zimbabweans have realized sooner than later that BTC is much more beyond being just an investment and avenue and cannot be banned if it is started using by masses efficiently and effectively.

Bitcoin Price Analysis

Bitcoin News
BTC/USD Chart By TradingView

Bitcoin, irrespective of recent news regarding the increase in its use case, is not performing well on the trading front as the price stagnates. BTC/USD price trend on the 8-hourly chart confirms the lack of traction over the past ten weeks now with a brief rise above $10k and dips below $9k.

BTC is holding strong support at $8.8k, and a break below $8.8k till $8.5k will be a turn towards being bearish. The 20-day Bollinger Bands are seen squeezing as the breakout is overdue. However, the historical data speaks that Bitcoin and other influential cryptos have pumped right after the alt season, and we await the same.

The technicals are confirming the lack of traction, and the MACD has turned flat with intraday bearish candlesticks, and the RSI of BTC is lying at 48.79 with no trading extremities seen.

Source: https://www.cryptonewsz.com/bitcoin-lacks-support-and-awaits-possible-breakout/

Blockchain

After Cardano: Wolfram Blockchain Labs Teams Up With Tezos

Republished by Plato

Published

on

A few months following a Cardano integration, the DLT project Wolfram Blockchain Labs (WBL) has done the same with Tezos. As a result, developers working on blockchain analytics and computational contracts will be able to employ the Tezos network.

WBL Integrates Tezos

WBL is a provider of distributed ledger technology (DLT) solutions that support the development of a wide variety of smart contracts and decentralized applications. It’s the blockchain subsidiary of Wolfram Research – the creator of Mathematica, Wolfram|Alpha, and the Wolfram Language.

The project announced its latest blockchain partnership in a press release shared with CryptoPotato. It informed that the popular blockchain project Tezos has become the latest to be fully-integrated into WBL’s DLT ecosystem.

Apart from enabling developers working on analytics and computational contracts to utilize the Tezos blockchain, the partnership has also led to the establishment of a designated oracle providing Wolfram Alpha data to smart contract developers.

Furthermore, Tezos has utilized Nomadic Labs’ Mi-Cho-Coq formal verification framework to ensure that the oracle displays the same predictable behavior every time.

The statement also highlighted that products employing the Tezos blockchain will be “much more secure” because of the formal verification. It’s a process that “proves the correctness of properties of a smart contract to help mitigate the risks of bugs and other vulnerabilities.”

“Tezos is an exciting third-generation blockchain that features a number of services and functions that will expand what’s available to our developers. We’re thrilled to work with TQ Tezos on bringing the WBL ecosystem of tools to the Tezos blockchain.” – commented WBL CTO Johan Veerman.

Following Cardano’s Steps

Prior to the Tezos integration, WBL partnered with another popular blockchain project – Cardano. Back in late December 2020, the two parties announced the collaboration, which operates in a somewhat similar way.

WBL began implementing Cardano’s DLT data into Wolfram Alpha, thus enabling developers to integrate external data into smart contracts on the Charles Hoskinson-founded project.

Further plans included the development of dApps to enable blockchain-based commerce and business model transformation and using some Cardano-specific content in an educational course material published by WBL.

SPECIAL OFFER (Sponsored)
Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO35 code to get 35% free bonus on any deposit up to 1 BTC.

You Might Also Like:


Source: https://cryptopotato.com/after-cardano-wolfram-blockchain-labs-also-teams-up-with-tezos/

Continue Reading

Blockchain

Twitter to Pull a MicroStrategy and Buy Bitcoin? The Firm Plans a $1.25 Billion Convertible Notes Offering

Republished by Plato

Published

on

The giant social media platform Twitter has announced plans to raise $1.25 billion through a convertible senior notes offering. Although the company breached “corporate purposes” as the main reason, cryptocurrency proponents speculated if the firm could pull a MicroStrategy and allocate the funds in BTC.

Twitter to Raise $1.25B

According to a press release from earlier today, Twitter will offer a $1.25 billion aggregate principal amount of convertible senior notes due in 2026. The endeavor will take place in a private placement to qualified institutional buyers.

The statement described the notes as “unsecured, senior obligations of Twitter,” whose interest will be “payable semi-annually in arrears.” The company will be able to convert the notes into cash, shares of its common stock, or a combination of the two options. Upon the pricing of the offering, the firm will determine the interest rate, initial conversion rate, and “other terms of the notes.”

The company said that it would use this considerable amount for “general corporate purposes, including capital expenditures, working capital, and potential acquisitions.”

Maybe Bitcoin?

Although Twitter hasn’t revealed anything specific in connection to bitcoin, the ever-vigilant crypto community saw an opportunity to debate whether the firm might allocate some, if not all, of that amount into BTC.

Proponents, such as Anthony Pompliano, were quick to react and draw a comparison between a similar endeavor undertaken on two occasions by the business intelligence giant – MicroStrategy. Michael Saylor’s company raised over $1.6 billion in total from convertible senior notes offerings and allocated all funds in the primary cryptocurrency.

Keeping in mind that Twitter’s CEO, Jack Dorsey, is a long-time BTC proponent with multiple pro-bitcoin-related projects, similarly to Saylor, it wouldn’t be much of a surprise if the social media giant indeed heads down that road. The other firm that Dorsey runs as CEO, Square, has already made two investments in BTC as the second one, worth $170 million, came less than a month ago.

Moreover, Twitter’s CFO, Ned Segal, hinted recently that the company could be looking into putting the cryptocurrency on its balance sheet.

SPECIAL OFFER (Sponsored)
Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO35 code to get 35% free bonus on any deposit up to 1 BTC.

You Might Also Like:


Source: https://cryptopotato.com/twitter-to-pull-a-microstrategy-and-buy-bitcoin-the-firm-plans-a-1-25-billion-convertible-notes-offering/

Continue Reading

Blockchain

Horizen to integrate IOTA Oracles on its sidechain protocol Zendoo

Republished by Plato

Published

on

Horizen, a technology platform that enables businesses and developers to create their own public or private blockchains, today announced a partnership with IOTA, an open-sourced, feeless data and value transfer protocol. This partnership will extend the functionality of the newly launched IOTA Oracles and introduce oracle capabilities to the Horizen sidechain and scaling protocol, Zendoo.

Oracles

IOTA Oracles bring off-chain data to decentralized applications and smart contracts on the IOTA network. They are designed to securely bridge the digital and the physical worlds in a decentralized and permissionless way.

The initial goal of this partnership is to introduce the IOTA Oracles functionality to Zendoo, Horizen’s completely decentralized and fully customizable sidechain protocol.

This integration will happen in two phases: first, Zendoo will incorporate the IOTA Oracles feed into its sidechain POC; and second, the IOTA Oracles feed will be directly integrated into the Zendoo SDK. This will make IOTA Oracles available for any blockchain or decentralized applications built on Horizen.

“Integrating off-chain data securely and accurately from the real world is vital to the functionality of decentralized applications that rely on external information. IOTA Oracles will act as a bridge between our two ecosystems by supplying verifiable data to decentralized applications built on Zendoo in a secure, fast, and affordable way. This partnership is another significant step towards our mission of building the most secure, inclusive, and interoperable ecosystem.”
– Rob Viglione, Co-Founder of Horizen

With the successful development of Chrysalis, a large network upgrade scheduled for March, IOTA is now focusing on bridging different ecosystems with unique value propositions and valuable use-cases. Horizen’s Zendoo SDK allows businesses and developers to spin-up their own customizable blockchain.

IOTA Oracles are designed in a way that focuses on data integrity for enterprise use cases, which adds a unique value to Horizen’s roadmap as it continues expanding its services to the industry. Horizen is the first public blockchain to leverage IOTA Oracles for the purposes of real-world, industrial use cases.

“The purpose of this partnership is to leverage the expertise of one another to expand into areas that are mutually beneficial to both ecosystems. IOTA’s goal from day one has been to expand blockchain functionality into real-world use cases, and I believe that bringing IOTA’s Oracle solution to Horizen Zendoo sidechains is a perfect example. We look forward to sharing progress in the coming months, and we encourage the IOTA and Horizen communities to interact and build on the network developed by our teams.”
– Dominik Schiener, Co-Founder of The IOTA Foundation

Source: https://www.cryptoninjas.net/2021/03/01/horizen-to-integrate-iota-oracles-on-its-sidechain-protocol-zendoo/

Continue Reading
Blockchain4 days ago

Gemini collaborates with The Giving Block and others, adds donations option

Blockchain4 days ago

NextGen Blockchain Platforms Self-Organize to Win Government Contracts

Blockchain5 days ago

BitMEX adding six new perpetual contacts: ADA, DOT, EOS, YFI, UNI, and XLM

Blockchain4 days ago

What Coinbase Going Public Could Do For Crypto

Blockchain3 days ago

Crypto Investment Fund to Sell $750M in Bitcoin for Cardano and Polkadot

Blockchain5 days ago

Traditional Banks get serious about enabling crypto-related services

Blockchain5 days ago

Traders remain bullish even as DeFi’s TVL falls to $54.4 billion

Blockchain3 days ago

This was avoidable – The lost Bitcoin fortunes

Blockchain21 hours ago

Google Finance adds dedicated ‘crypto’ tab featuring Bitcoin, Ether, Litecoin

Blockchain5 days ago

All of the Federal Reserve’s wire and ACH systems are down

Blockchain5 days ago

Craig Wright Sues Bitcoin Developers Over Stolen BTC Worth $5 Billion

Blockchain5 days ago

Tatum helps donation-based betting app Fandona complete its blockchain MVP

Blockchain5 days ago

ZelaaPayAE deploys Pundi X’s merchant crypto payment solutions for UAE

Blockchain4 days ago

Tezos, IOTA, Dash Price Analysis: 25 February

Blockchain2 days ago

Economist warns of dystopia if ‘Bitcoin Aristocrats’ become reality

Blockchain4 days ago

Coinbase public listing filing details 2020 revenue, major a16z stake

Blockchain5 days ago

Bank of Korea Head Says Cryptocurrencies Have No Intrinsic Value

Blockchain1 day ago

Polkadot, Cosmos, Algorand Price Analysis: 28 February

Blockchain2 days ago

XRP, STEEM, Enjin Price Analysis: 27 February

Blockchain2 days ago

Here are 6 DEX tokens that have seen exponential growth in 2021

Trending