Bitcoin enters a phase of exponential growth, similar to the 2017 bull rally. So, closely correlated with the price of the Usage Index (usage index) is now confidently moving along the same trajectory as approximately two years ago. The “usage index” is a metric that indicates the level of blockchain activity. It is calculated by producing the active addresses by the number of transactions . DataLight experts are confident that this tool helps to make medium- and long-term predictions of the price of the first cryptocurrency. The metric you should always be able to predict #Bitcoin price: Usage Index by…
Author: BlockchainJournal
With each new jump in Bitcoin prices, bolder predictions are made regarding its next goal. In his article for Forbes, analyst Naim Aslam from ThinkMarkets says that the price of the main cryptocurrency could reach $ 10,000 this (or next) week. According to the analyst, investors may underestimate the full potential of Bitcoin volatility. At the end of 2017, it took Bitcoin only a few days to rise from $ 10,000 to $ 20,000 dollars, and therefore it is possible that the next level of resistance may cause a big bullish jerk. "If you are not ready, then … be…
The French manufacturer of hardware crypto wallets Ledger this Monday announced the release of a new version of its desktop application Ledger Live. In Ledger Live 1.9.1, the following interface languages became available to users (besides English, which was initially available): Russian, French, Spanish, Korean, Chinese, Japanese. To gain access to updated capabilities, users need to go to the Settings> Experimental Features tab. Welcome / Bienvenue / Bienvenida / 환영 / 欢迎 / Welcome / / う こ そ to the new version (1.9.1) of Ledger Live! With this new version, these Experimental Features: French Spanish Korean Chinese Russian Japanese…
The ECB Task Force on the Study of Cryptocurrency Growth and Their Potential Impact on the Financial System, published its May report , in which key events of the cryptoindustry are affected. The authors of the document recognize that cryptocurrency markets currently do not pose a threat to either the EU or the global financial system. It seems that this conclusion was made judging by the market capitalization of virtual currencies of € 96 billion (or $ 107 billion) in January 2019. However, at the moment this figure rose to $ 276.3 billion, which is almost three times more than…
In an interview with Bloomberg representatives, Cihan Chu, co-founder of Kenetic Capital, an investment company based in Hong Kong, said that he expects Bitcoin to reach $ 30,000 by the end of this year. Chu drew attention to the fact that large financial companies are actively involved in the crypto-industry, he pointed out plans for Facebook, Fidelity, and also JP Morgan. He said that society is disappointed with the IPO of Lyft and Uber, and therefore hopes that the development of companies in the blockchain direction and decentralization will be more successful. In addition, the co-founder of the Hong Kong…
Charlie Bilello, an analyst at New York-based Pension Partners, said that the return on investment in the first cryptocurrency since the beginning of this year was 134%. 2019 Returns … Bitcoin $ BTC: + 134% Oil $ USO: + 27% REITs $ VNQ: + 19% MLPs $ AMLP: + 18% Nasdaq 100 $ QQQ: + 16% S & P 500 $ SPY: + 14% Small Caps $ IWM: + 13% EAFE $ EFA: + 10% Commodities $ DBC: + 8% High Yield $ HYG: […]
Bitfinex cryptocurrency exchange reported that for holders of UNUS SED LEO tokens, the baker's commission will be reduced by 15%. UNUS SED LEO token holders. As of today, all holders will be reduced by 15% across all crypto-to-crypto (including […]
The Center for the Development of the Information Technology Industry of China (CCID) published the 12th version of its ranking of the leading crypto-projects, in which EOS retains leadership from its debut last June. Recall that projects are evaluated on three criteria: basic technology, application and innovation. According to the composite index, Tron, Ethereum, Steem and Ontology entered the top five following EOS. The bitcoin dominant in the cryptoindustry rose by 3 positions — to the 12th place from the 15th. At last, the leading cryptocurrency has been in February, when CCID unveiled the 10th edition of its rating of…
According to the analytic service blockchain.com, Bitcoin miners' daily income reached $ 17.5 million. Approximately the same level of profitability was last recorded at the end of July last year. At the time, bitcoin was trading at around $ 8,000. Against the background of rising prices, the level of BTC mining increases: Currently, the indicator of complexity is about the same as in September last year. The average daily volume of bitcoin transactions is gradually increasing: This figure has already reached the beginning of January 2018, when the market capitalization reached a historic maximum, and Bitcoin was trading above $…
Japanese crypto-exchange Taotao will open access to its trading platform on May 30. Crypto-exchange Taotao, owned by 40% by Yahoo! Japan will initially offer its users the ability to trade with Bitcoin and Ethereum. In addition, margin trading will be available – there will still be access to such altcoins as Litecoin, Ripple, Bitcoin Cash. Recall that a year ago Yahoo! Japan began the process of acquiring a part of the BitARG trading platform, which later became Taotao. This deal reportedly cost Yahoo! Japan at ¥ 2 billion (about $ 19 million). It was expected that the launch of Taotao…