A recent sell-off in the Bitcoin (BTC) market pushed its prices below the key psychological support of $30,000. While the cryptocurrency's move downhill prompted many analysts, including Luno exchange's Vijay Nayyar and Kinetic Capital's Jehan Chu, to predict a further depressive move below $25,000, Anthony Pompliano offered a contrasting bullish outlook. The Morgan Creek Digital Assets founder pitted risk-on markets against the fears of the fast-spreading Delta variant of COVID-19. He noted that governments, on the whole, would introduce "more aggressive monetary stimulus" programs should the new coronavirus strain spread at the scale of its Alpha version. "History is not …

Bitcoin’s (BTC) price continued its downtrend Wednesday ahead of the testimony from United States Federal Reserve Chairman Jerome Powell. The spot BTC/USD exchange rate fell to its 17-day low of $31,600 following a 3.46% intraday dip. Meanwhile, CME futures tied to the pair plunged 3.41% to $31,515, extending their week-to-date losses to 9.5%. Bitcoin had powered to $35,000 at the beginning of July, as bulls continued to defend support levels around $30,000 against each downside attempt. Independent market analyst Will Clemente III noted that entities with a low history of selling kept absorbing Bitcoin at lower levels from speculative traders, …

If the global COVID-19 pandemic has taught humanity anything, it has hammered home the lesson that the human being is as dependent on its fellows as the honeybee or ant. Scientists, academics, pharmaceutical executives, philanthropists and government agencies have worked together to roll out a vaccine program that is breaking all records for speed and efficiency. All these roles were necessary to the effort — none could have succeeded in the absence of the other. This is a clear illustration of what, to me, is the main advantage of human society: The division of labor that makes the human race …

As mass vaccination programs against COVID-19 become increasingly critical to many governments' strategies for pandemic management, blockchain firms are acting fast to propose ways in which the technology could offer solutions to some of the logistical hurdles involved. Blockchain company StaTwig — a graduate of the UNICEF Innovation Fund — was already trialing its blockchain-based solution VaccineLedger in 2019, in both India and the United States. Fast forward to 2021 and the global vaccination drive against COVI-19, the company has now partnered with Indian IT giant Tech Mahindra to roll out the solution worldwide. VaccineLedger is focused on improving the …

More than 1,100 registrations, nine hours of content, 450 slides and thousands of viewers — this two-day blockchain event may have been held virtually because of COVID-19, but it was jam-packed with content nonetheless. Lisk.js is a developer-focused event that was full of announcements. Not only was a cutting-edge interoperability solution presented to the audience, but tantalizing details were given about an ambitious new hackathon and a grants program. The conference began with a rousing speech from Lisk’s CEO and co-founder Max Kordek, who reflected on how far the project has come over the past two years. As you’d expect, …

The German Football Association (DFB) has officially announced the debut of national soccer team nonfungible tokens (NFTs) in partnership with a major blockchain-based fantasy soccer game provider Sorare. As part of an official license agreement, the DFB will create digital collectible cards on the Ethereum blockchain of 18 players on the German national team through Sorare’s platform. According to an announcement from Sorare, the cards will be available for use in Sorare’s Global Fantasy Football game for the Euro 2020 soccer championship. By issuing player NFT cards on Sorare’s platform, the DFB aims to find new revenue streams as well …

The ghost of stock market crash is back again to haunt Bitcoin (BTC). It happened last in March 2020. Back then, the prospect of the fast-spreading coronavirus pandemic led to lockdowns across developed and emerging economies. In turn, global stocks crashed in tandem, and Bitcoin lost half of its value in just two days. Meanwhile, the U.S .dollar index, or DXY, which represents the greenback's strength against a basket of top foreign currencies, has now climbed by 8.78% to 102.992, its highest level since January 2017. The huge inverse correlation showed that investors dumped their stocks and Bitcoin holdings and …

Some attendees of the Bitcoin 2021 event in Miami have tested positive for COVID-19 after returning home from the conference, leading to a wave of negative media coverage and social media speculation it could turn into a “super spreader event.” Bloomberg called Miami Bitcoin a “Covid hot spot” while Gizmodo reported the conference “may be the latest COVID-19 super spreader event.” Arcane Research chief investment officer Eric Wall was among those to contract the virus, tweeting on Thursday that he underwent a CT scan after suffering from a “high fever” and “chest pains,” with medical staff having suspected he may …

This year marks the 30th anniversary of the first web page on the World Wide Web, which means a person has to be nearly half a century old to clearly remember the patchwork progress, the false starts and stops, and the trial and error that eventually gave us what is now the defining foundation of 21st-century life. We take the internet for granted in 2021, but it took us decades to get to this point. Throughout the years, the barriers toward adoption tumbled away, and there were clear signs that this new technology would fundamentally change the way the world …

Among the many complications associated with cryptocurrencies like Bitcoin (BTC), a lack of knowledge and understanding of crypto is the biggest obstacle for wider adoption, according to a new survey. The Economist Intelligence Unit, the research and analysis division of the Economist Group, released a new report called “Digimentality 2021.” The study was commissioned by major payment and cryptocurrency platform Crypto.com and contains a consumer survey of 3,053 people conducted from February to March 2021. According to survey results, 51% of respondents said a lack of knowledge is the main barrier to the adoption of open-source cryptocurrencies like Bitcoin and …

U.K.-based crypto banking platform Cashaa is launching an initiative aimed at bringing crypto enthusiasts together to provide food supplies to those most affected by the COVID-19 pandemic. According to an announcement from Cashaa on Tuesday, the platform’s "Crypto for COVID" plan involves building a community of crypto users who will give underprivileged families in India the food they need for a month. The firm's India arm Unicas is leading the on-ground initiative and has already helped more than 1,000 families in need. The program has also received support from crypto exchange KuCoin, who pledged to feed 2,000 families. India recently …

The year 2020, for most of the inhabitants of our planet, was passed in lockdowns or quarantine due to the COVID-19 pandemic; many were forced to stay at home. Social events were canceled or postponed, and entire sectors of the world economy suffered huge losses. The start of this year wasn’t any better, as governments across the globe are still forced to restrict events and activities to combat the spread of the disease. But there are industries that did not lose out over the past year. Cryptocurrency and blockchain technology, in general, have benefited from the digitalization push, mostly because …