Materials by tag Cryptocurrency

In the past weekend, Bitcoin surged up to $9,381 with the increasing rate of 7% in 24 hours which makes bitcoin’s market cap be over $165 billion US dollar, hitting the highest record so far in 2019. Since BTC’s breaking $8,000 mark in May, it continues its upward movement though there are some pullbacks. Why BTC managed to rise above $9,000? Here are 5 reasons may be contributing to the Bitcoin bullish run.

In a bid to promote cryptocurrency adoption and utility, digital currency payment solution platform UTRUST partnered with Portuguese Primeira Liga Football Champions S.L Benfica, in order to allow the use of cryptocurrency for the purchase of ticket and merchandise sold directly from the Benfica website.

Most Bitcoin users know how it works, its value, the tech behind it, its pros and cons, the risks associated with it, but nonetheless, they also need to understand where Bitcoin came from (its real origin), how, when and who developed this groundbreaking idea, and this will further help the cryptocurrency community to determine where Bitcoin and the blockchain industry is heading.

The South Korean multinational conglomerate based in the capital Seoul, Samsung, will invest in sixth-generation (6G) networks on top of other semiconductors, and this could play a role in changing the face of blockchain technology, according to the company’s Vice Chairman Jay Y. Lee.

Cryptocurrencies have been a booming industry for the past several years and there seems to be more potential for this industry in the future, especially due to the growing acceptance and continued developments like the introduction of stable coins which address and solve the issue of excessive volatility and market inefficiencies in the crypto space. Better technology and platforms like stableDEX, which will be fully operational in less than a month, are expected to revolutionize the industry and make it a better place for traders, crypto enthusiasts and everyone involved in the financial markets.

Google has ordered advertising of the Facebook brand on Coinidol.com, one of the world’s leading cryptocurrency news magazines, despite Facebook’s ban of most cryptocurrency advertising since January 2018. This move is evidence that Facebook is looking for support from the world crypto community to gain trust in its new cryptocurrency FaceCoin (allegedly named Libra or GlobalCoin), that is announced to be issued in Q1 2020.

The US Senate committee on Energy and Natural Resources issued a document stating that mining consumes about 1% of global energy. On public blockchains, mining embroils the computation of a massive amount of mathematical calculations known as hashes. On a normal day, Bitcoin miners collectively compute over 50 billion gigahashes per second.

As Italy continues with its vision of being Europe's innovation and technology hub, the Municipality of Naples has made a resolution on Blockchain and Cryptocurrency. Now, the crypto community is eager to see how this project will continue to grow. Various accountants, universities, the CNR and many other giant institutions joined this project. The tenacity was received with amusement, but the city of Napoli has proved for another time that it is ahead of the others in integrating law and economics, finance and social participation.

Imagine a company with no board members, CEO or CFO’s. A company that’s run by an automated network, gathering ideas and proposals of all its employees, stakeholders, and community members. A company that gives everyone a say in its future direction, and that actively promotes the collaboration of the commons. Science fiction or science fact? Well, let’s take a look at what NavCoin 's community has created!