Sunday, May 11

Author: Antoinette Turner

I have been working as a cryptocurrency writer for over two years and have established myself as one of the best in the field. I have a deep understanding of the technology and market dynamics of this rapidly evolving industry. I have created numerous infographics and videos that have been widely shared across the internet.
The Only Correlation Between Bitcoin and the Stock Market is Panic Selling
31May Antoinette TurnerBy Antoinette TurnerNo Comments
PR Wire

The Only Correlation Between Bitcoin and the Stock Market is Panic Selling

Bitcoin recently experienced a significant drop in value when over the course of this last week. Its value dropped from a stable $9,000 to $5,000 in a matter of days. At the same time, on the stock market, many companies and indexes also lost value. Most notably, the S&P 500 index, whose loses flipped a stock market circuit breaker, pausing all trading of the asset for 15 minutes. Following the events, many people started producing stories about how BTC is connected to the stock market’s price movements and it’s not this noncorrelated asset that should behave like gold. Well, Bitcoin is neither following the stock market, nor it is gold. What it is, is simple. It’s Bitcoin. The level of utility that Bitcoin has is as limited as money, but the way one owns Bitcoin is similar to stocks a...
Read More
Binance and Wazirx Will Fuel Blockchain Growth in India With $50m USD in Grants
31May Antoinette TurnerBy Antoinette TurnerNo Comments
PR Wire

Binance and Wazirx Will Fuel Blockchain Growth in India With $50m USD in Grants

Binance and WazirX, a subsidiary the world-renown exchange acquired last year will create a $50M USD fund called “Blockchain for India” according to the announcement on Binance’s website. Following the fact that the Indian Supreme Court Lifted the Central Bank’s Cryptocurrency Ban, this step from Binance is one business savvy way to capitalize on a newly opened market for cryptocurrency and blockchain. The fund is backed by BNB, BUSD, and WRX digital assets which will be used to make investments in blockchain projects and startups that are trying to solve technical and social issues with blockchain. “We started WazirX with the aim to involve everyone in this technology revolution, and the Blockchain for India fund marks a big step in this direction. India has the biggest tech talent pool i...
Read More
BMW Group Enters Second Stage of Blockchain-based Supply Chain Transparency
31May Antoinette TurnerBy Antoinette TurnerNo Comments
PR Wire

BMW Group Enters Second Stage of Blockchain-based Supply Chain Transparency

The BMW Group has increased its capacities for utilizing blockchain technology to provide its staff with the tools they need to create high-quality vehicles. According to the press release, BMW has faced great difficulty when tracking specific parts that need to be changed or simply weren’t of sufficient quality. Finding the manufacturer often involved a significant amount of manual labour, but now with the implementation of the second stage of their “PartChain” project, BMW and their suppliers are using blockchain systems to help them track parts at the push of a button. We’ve reached out to BMW Group for comments and more information, but they were unavailable for contact. The extremely complex nature of the automotive industry makes it a prime suspect for blockchain integration. The com...
Read More
Digital Euro on the horizon? Central Bank of France to experiment with crypto for interbank settlements
30May Antoinette TurnerBy Antoinette TurnerNo Comments
PR Wire

Digital Euro on the horizon? Central Bank of France to experiment with crypto for interbank settlements

The Central Bank of France wants to experiment with digital asset technology to improve interbanking abilities, according to this “Call to Apply” document that came out last Monday, on March 30th. The document lists all of the desires and goals that the bank has with cryptocurrency. At the moment, they are looking for third party help to drive their understanding of the technologies. They are looking to use blockchain technology for the achievement of a few interests and goals. Their interest is two-fold. One, to explore the possibilities offered by crypto technology. Two, to identify concrete cases for integrating CBDC (central bank digital currency) in the process of clearing and settlement of tokenized financial assets. The document continues to list three specific goals that they want ...
Read More
Bitcoin Miner Manufacturer Canaan reports $148M USD Losses in its first public earnings report
30May Antoinette TurnerBy Antoinette TurnerNo Comments
PR Wire

Bitcoin Miner Manufacturer Canaan reports $148M USD Losses in its first public earnings report

Canaan Creative, the manufacturers of the Avalon Bitcoin miner series have published their first earnings report since the company’s public stocks sale in the USA, on Thursday, April 9th, as initially reported by Coindesk. During it’s IPO in November 2019, the company raised $90M USD selling 10,000,000 stocks for $9 each. Now investors have lost 61% of their investment at the current price per stock. Nangeng Zhang, the CEO and founder of Canaan explained that sales of Bitcoin miners considerably dropped since December and he believes the reason is the volatility in BTC’s price. However, at the time BTC’s price movements were small and brief, painting a generally flat and upward curve going into the next year. The company’s revenue in 2019 is down two-fold compared to 2018. At the same time...
Read More
Kraken Acquires Marco Santori Leaving Blockchain High and Dry
30May Antoinette TurnerBy Antoinette TurnerNo Comments
PR Wire

Kraken Acquires Marco Santori Leaving Blockchain High and Dry

Marco Santori, former President and Chief Legal Officer of Blockchain.com, joined Kraken as their new Chief Legal Officer on the 6th of April, according to a blog post on the official Kraken website. Marco Santori is known for his work in litigating, advising, and creating new laws in the crypto industry. He is also known for his Twitter trains of thought where he goes down the legal rabbit hole on many different topics related to cryptocurrency and Blockchain. Marco shared his future involvement in Kraken via Twitter as well. I am thrilled to announce that I am joining @krakenfx as its Chief Legal Officer. — Marco Santori (@msantoriESQ) April 6, 2020 Kraken is a California-based cryptocurrency exchange that has been in the crypto industry for a while. They are one of the most popular cr...
Read More
Blockchain-powered organ drone delivery | Crypto-News.net
30May Antoinette TurnerBy Antoinette TurnerNo Comments
PR Wire

Blockchain-powered organ drone delivery | Crypto-News.net

Thumbnail Photo by Karl Greif from Karl Greif Video www.karlgreifvideo.com According to The U.S. Department of Transportation (U.S. DOT), blockchain can be used to streamline drone deliveries of essential and important items, such as organs. The institution published an information-exchange document on 15th of April 2020, to communicate their findings and thoughts with the public and begin a discussion about blockchain and drone fleet management. Drones in the context of the document are considered to be any Unmanned Aerial System, i.e. UAS. This includes UAS for military, commercial, and recreational usage and how blockchain technology can be used as a framework to provide stakeholders with security, identity management on one end. On the other side, blockchain is going to be u...
Read More
Lead-up to BTC halving excites investors, brief mempool overload, exchanges barely holding on
30May Antoinette TurnerBy Antoinette TurnerNo Comments
PR Wire

Lead-up to BTC halving excites investors, brief mempool overload, exchanges barely holding on

BTC saw an unusual spike in activity yesterday, April 29th. In the past, 24 hours Bitcoin has risen up by 18.66%, the mempool was briefly overloaded, and some exchanges were barely keeping up with the activity.  Let’s start with the price. But before that, I just want to let you know that this is not financial advice, I’m not even a professional trader. I’m just a guy that’s invested 3+ years of his life writing about crypto and blockchain tech. If you ask Billy, yes, suddenly after all of the “blows to Bitcoin” the time for Bitcoin is nigh. Forbes is saying yes it’s going to $10k, Coinbase’s Daniel Cawrey says it’s FOMO time. I mean, it’s crazy, but this is what the news should look like if you ask Forbes. We also say that it looks like BTC is going to break $10,000. But we also don’t ha...
Read More
Kraken makes exchange better for U.K. traders and BCH community
30May Antoinette TurnerBy Antoinette TurnerNo Comments
PR Wire

Kraken makes exchange better for U.K. traders and BCH community

Photo by Philip Veater Kraken added support for 11 new trade pairs on their cryptocurrency exchange on the 30th of April, according to a press release published by the exchange. This new update increases the total crypto trading pairs to about 155, bringing Kraken closer to becoming a centerpiece in the crypto economy. What are the new trading pairs? The newly added pairs are based on GBP, BCH, and USDT, allowing traders to instantly exchange currencies in a single that previously required two trades, such as trading BCH for ETH. In addition to the increased flexibility, even more cryptocurrencies can now be traded directly for British pound sterling. Ether Pairs Pound Sterling Pairs Tether Pairs BCH/USDT LTC/USDT XRP/USDT USDT/JPY USDT/CHF Photo by KrakenIn March, Kraken announce...
Read More
Top 3 Bitcoin mining news stories today
30May Antoinette TurnerBy Antoinette TurnerNo Comments
PR Wire

Top 3 Bitcoin mining news stories today

Image by 3D Animation Production Company from Pixabay We don’t often break news, as compared to the rest of the news community we are a small website. However, we do our best to provide you with the latest news, regardless of where the information comes from. We believe in giving credit where it’s due, so without further delay, here are the top 3 news stories about Bitcoin mining in the past week. It seems that Bitcoin miners were celebrating the international workers’ day with extra effort on part of the miners. In this lucky coincidence, Bitcoin miners managed to complete sixteen Bitcoin blocks in one hour, according to Coindesk and their source Blockstream. The onset of this industrious hour was noticed by Twitter user @Kexkey, where he spotted four blocks being completed in o...
Read More