Why is Bitcoin $86K in Nigeria? Here’s why the BTC premium is huge in some countries
Why is Bitcoin $86K in Nigeria? Here’s why the BTC premium is huge in some countries Why is Bitcoin $86K in Nigeria? Here’s why the BTC premium is huge in some countries Since the start of 2021, the price of Bitcoin (BTC) has been chasing new highs on a weekly and daily basis. On Feb. 21, BTC reached a new all-time high of $58,300. However, an interesting phenomenon is that even with many global cryptocurrency exchanges in existence, BTC’s price can still vary greatly depending on geography. This raises an intriguing question: How can Bitcoin simultaneously trade at $53,047 in Malaysia, $49,727 in Singapore, $51,133 in India and over $86,000 in Nigeria? Is the reason simply a temporary imbalance between buyers and sellers, taxes, or regulations? Or is there something else at play? As shown in the chart below, there really isn’t a set price for BTC, as nearly every country has its own digital asset valuation.
At any given time, cryptocurrency prices will differ between countries, even after adjusting the currency rate. Indeed, some additional buying or selling pressure could create discrepancies, but that should not be continuous and steady. What’s causing the huge BTC price discrepancies?This phenomenon isn’t something new or exclusive to cryptocurrencies, however. Exxon Mobil stocks, for example, are traded in United States, Russian, Argentine, German, Mexican and Swizz markets. While there may be different reasons for the friction, including bureaucracy and nation-specific laws, they’re basically the same asset. Nevertheless, their prices usually differ after adjusting for currency exchange rates. Unlike stocks, however, transferring cryptocurrencies usually takes less than an hour, and it doesn’t depend on custodians and depositary receipt administrators. Therefore, bureaucracy can not be the reason for the big price differences for Bitcoin, which is borderless. On the other hand, suppose one just bought BTC in the U.S. or Europe and is willing to sell it in Argentina to profit from the 6.5% difference. Even if there were no trading fees involved, the result would be the local currency, the Argentine peso. Things get more complicated though, as one will need to convert this fiat money back to dollars or euros. There might be domestic restrictions, taxes or, even worse, a different currency rate for foreigners. Moreover, traditional currency remittances don’t take place on weekends and usually take one or two business days.
Not surprisingly, the countries with the highest BTC valuations consistently score low on investment and financial freedom global rankings. Barriers and taxes created by strict government controls translate into additional risks and costs for the fiat conversion and remittance. This all contributes to the premium seen versus the remaining countries. Government action might create extreme situationsExtreme capital control situations such as the Central Bank of Nigeria recently shutting down all cryptocurrency-related bank accounts could be behind the current 70% premium versus global BTC markets. But Nigeria likely has the highest premium in the world because the country, in particular, is also the leader when it comes to Bitcoin adoption, based on the latest data. #Bitcoin Price is now $80,000 in Nigeria – a 60% premium. That’s what happens when you try to ban something people want. — Bitcoin Archive (@BTC_Archive) February 18, 2021 Eventually, arbitrage traders will find a solution to bypass sanctions, and the price gap should tighten. But right now, there is no effective way to “profit” from the arbitrage. For those wondering what would cause Bitcoin to trade below most liquid markets such as the U.S., there is no definitive answer. It is most likely some regulatory hurdle for depositing fiat money on local exchanges, thus creating an imbalance favoring the sell-side. The negative premium is less common, however, and stablecoins could be used to mitigate this effect. Meanwhile, when a hefty premium is seen in local fiat currency, it does not justify a similar price gap for dollar-denominated stablecoin trading. Thus, such differences in pricing across various countries represent the risks, red tape, taxes and inefficiencies of converting fiat between currencies and sending fiat money across borders. author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision. Title: Why is Bitcoin $86K in Nigeria? Here’s why the BTC premium is huge in some countries
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Bitcoin price ‘macro top’? Not so fast — data shows the real FOMO isn’t even here
Bitcoin price ‘macro top’? Not so fast — data shows the real FOMO isn’t even here Bitcoin price ‘macro top’? Not so fast — data shows the real FOMO isn’t even here Bitcoin (BTC) bears thinking that $58,000 was this cycle’s top will be sorely disappointed, fresh investment data from past bull markets shows. Compiled by on-chain analytics resource Whalemap, statistics covering BTC buys of between $5 million and $7 million conclude that even at recent all-time highs, Bitcoin was far from a “macro top.” “No FOMO in sight” for BTCDuring the 2017 and shorter 2019 bull market, Bitcoin saw mass buy-ins of a similar size — $5-7 million. When investments of that amount hit a peak, price action began to reverse, signalling the start of consolidation or a heavier retracement. According to Whalemap, cash injections in that area have been far from their previous peaks this year, indicating that the current correction will likely be temporary and on par with BTC’s typical corrections during a bull run. “Previous macro tops have occurred when thousands of transactions worth 5 to 7 million dollars each were flooding the blockchain. True FOMO,” researchers tweeted on Feb. 25. “Currently, no such FOMO in sight for BTC.” The expectation of further buy-ins supports existing data that came to light this week, notably from Coinbase Pro, which has seen multiple tranches of over 10,000 BTC leave its books for private or custody wallets. The first negative premium on the Grayscale Bitcoin Trust (GBTC) since early 2017 may also point to the conclusion that the 2021 bull cycle still has a lot more room to run. “Another significant Coinbase outflows at 48k. US institutional investors are still buying $BTC,” Ki Young Ju, CEO of fellow monitoring resource CryptoQuant, tweeted on Friday. “I think the major reason for this drop is the jittering macro environment like the 10-year Treasury note, not whale deposits, miner selling, and lack of institutional demand.” Liquidity grab?The start of the turnaround maybe sooner than many think. In his latest analysis, pseudonymous cryptocurrency trader Rekt Capital eyed the 4-hour BTC/USD chart for proof of a turnaround. “Pulls back but still holds the wick-to-wick Higher Low. Turn $46720 in to support (black) and BTC will move higher. Strong bullish divergences on the 4HR are appearing as well,” he commented alongside an annotated screenshot of the chart.
Speaking to Cointelegraph, the Whalemap team noted that short-term the spent output profit ratio (SOPR) — which tracks overall market profit and loss — was indicating that a deeper sell-off is off the cards, at least for now. “Hourly SOPR shows potential for at least a short term bounce,” they said.
Friday further sees a major expiry event on Bitcoin options, something which has dictated temporary downward pressure on BTC in the past. The day’s low of $44,150, some say, was merely an attempt to suck up liquidity before the next leg higher. “Yes, market dumped after ‘mega-whales’ sold into the rally (as warned), but since then, they have been buying dips!” the creator of exchange orderbook data analysis service Material Indicators observed. “With stonks uncertainty, I don’t know how many more dips there will be, but they’re being bought!” That “uncertainty” is being exacerbated by concerning trends in bond yields, Cointelegraph reported this week, with behavior seen as similar to before the Global Financial Crisis of 2008. Title: Bitcoin price ‘macro top’? Not so fast — data shows the real FOMO isn’t even here
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Join Thousands of Early Adopters Just Like You Who Want to Grow Capital and Truly Understand Cryptocurrency Together Bitcoin price ‘macro top’? Not so fast — data shows the real FOMO isn’t even here Bitcoin price ‘macro top’? Not so fast — data shows the real FOMO isn’t even here was originally published here https://dailynewssheet0.wordpress.com/2021/02/26/bitcoin-price-macro-top-not-so-fast-data-shows-the-real-fomo-isnt-even-here/ Bitcoin price ‘macro top’? Not so fast — data shows the real FOMO isn’t even here was originally published here https://eunicedurand.blogspot.com/2021/02/bitcoin-price-macro-top-not-so-fast.html
Bitcoin price nears $44K as large Coinbase outflows fail to stop the sell-off
Bitcoin price nears $44K as large Coinbase outflows fail to stop the sell-off Bitcoin price nears $44K as large Coinbase outflows fail to stop the sell-off Bitcoin (BTC) hit fresh local lows on Feb. 26 despite what appear to be ongoing largescal institutional buy-ins. New lows despite bullish signsData from Cointelegraph Markets and TradingView showed BTC/USD $44,150 during Friday trading — last seen two weeks ago — after a rebound to $50,000 fizzled overnight. Bitcoin had seen good news in the form of asset manager Stone Ridge planning to become the first Bitcoin mutual fund, along with major corporate purchases from MicroStrategy and Square. These, however, failed to stem the bearish mood, with 24-hour losses standing at near 10% at the time of writing. “Everyone wants 42k, so we probably just go up now or drop to 38k on a savage wick. Crowd rarely gets what it wants,” popular trader Scott Melker summarized on Twitter. Cointelegraph Markets analyst Michaël van de Poppe had prevously forecast ultimate support lying at around $38,000 should Bitcoin not find buying volume at higher levels. “Bitcoin doesn’t look too great for a bull continuation coming period,” he said on Thursday. “Still, retest at $54,000-55,000 could happen, but I’m cautious when we get there. If we lose $47,000, then I’m looking at $42,000-44,000 and $37,000-38,500 next. That should be the low.” Institutions are still buying: dataData from the professional trading arm of U.S. exchange Coinbase meanwhile showed another major tranch of BTC leaving its books for a private or custody wallet — something which traditionally suggests institutional buying. The latest spike of 12,100 BTC is the second this week, such large volumes themselves being a rarity, a fresh chart from on-chain monitoring resource CryptoQuant confirms.
The so-called “Coinbase premium,” the difference in price between Coinbase and Binance, flipped to negative for several brief moments as Bitcoin dropped to nearly $44,200.
As Cointelegraph reported citing CryptoQuant, whales appear to favor buying at current price levels, with the result that a dip much below $44,000 would be “unlikely,” according to CEO Ki Young Ju. On Thursday, Ki described the last Coinbase Pro spike, which occurred at $48,000, as “the strongest bullish signal” he had yet seen in Bitcoin. Title: Bitcoin price nears $44K as large Coinbase outflows fail to stop the sell-off
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Join Thousands of Early Adopters Just Like You Who Want to Grow Capital and Truly Understand Cryptocurrency Together Bitcoin price nears $44K as large Coinbase outflows fail to stop the sell-off Bitcoin price nears $44K as large Coinbase outflows fail to stop the sell-off was originally published here https://dailynewssheet0.wordpress.com/2021/02/26/bitcoin-price-nears-44k-as-large-coinbase-outflows-fail-to-stop-the-sell-off/ Bitcoin price nears $44K as large Coinbase outflows fail to stop the sell-off was originally published here https://eunicedurand.blogspot.com/2021/02/bitcoin-price-nears-44k-as-large.html
Exchange listings and NFT boom back Enjin’s (ENJ) 52% rally to a new high
Exchange listings and NFT boom back Enjin’s (ENJ) 52% rally to a new high Exchange listings and NFT boom back Enjin’s (ENJ) 52% rally to a new high Nonfungible tokens (NFTs) are rapidly becoming a focal point of the cryptocurrency market, as evidenced by stories of millions of dollars being raised in minutes for one-of-a-kind tokenized art pieces and rare collectibles that traders rush to get their hands on. One project that has been benefiting greatly from the resurgence of NFTs is Enjin Coin (ENJ), which broke out to a new all-time high of $0.67 on Feb. 25 following its listing on the Crypto.com exchange as well as the launch of spot and perpetual futures trading on FTX. Data from Cointelegraph Markets and TradingView shows that ENJ rose 52% from a low of $0.438 on Feb. 24 to a new high of $0.67 before experiencing a pullback to its current price of $0.611.
A scroll through the project’s Twitter feed details numerous recent partnerships and integrations that have helped fuel Enjin Coin’s price rise. Minecraft is one of the most notable integrations for the Enjin ecosystem, and users are able to earn special NFTs that unlock secret games inside the video game series. The platform has also benefited from joining forces with the growing ecosystem of the Binance Smart Chain (BSC), which has launched an NFT educational campaign that Enjin will be part of. VORTECS data from Cointelegraph Markets Pro began to detect a bullish outlook for ENJ on Feb. 24, several hours before today’s price rise. The VORTECS score, exclusive to Cointelegraph, is an algorithmic comparison of the historic and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity.
As seen on the chart above, the VORTECS score for ENJ reached a high of 70 on Feb. 24, shortly before the price began to spike to a new all-time high on Feb. 25. The growing popularity of the NFT space, along with numerous big-name partnerships has Enjin well-positioned as the current bull market cycle progresses into 2021. Its recent integration with BSC provides a way to escape high fees on the Ethereum network and could bring a new wave of activity to the Enjin ecosystem. Title: Exchange listings and NFT boom back Enjin’s (ENJ) 52% rally to a new high
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Join Thousands of Early Adopters Just Like You Who Want to Grow Capital and Truly Understand Cryptocurrency Together Exchange listings and NFT boom back Enjin’s (ENJ) 52% rally to a new high Exchange listings and NFT boom back Enjin’s (ENJ) 52% rally to a new high was originally published here https://dailynewssheet0.wordpress.com/2021/02/26/exchange-listings-and-nft-boom-back-enjins-enj-52-rally-to-a-new-high/ Exchange listings and NFT boom back Enjin’s (ENJ) 52% rally to a new high was originally published here https://eunicedurand.blogspot.com/2021/02/exchange-listings-and-nft-boom-back.html
Soaring Treasury yields are worrying economists — But what does this mean for Bitcoin?
Soaring Treasury yields are worrying economists — But what does this mean for Bitcoin? Soaring Treasury yields are worrying economists — But what does this mean for Bitcoin? This week’s correction in the price of Bitcoin (BTC) showed that a market doesn’t go up in a straight line. Meanwhile, another topic has been gaining attention, namely the big rise in the 10-year yields of United States government bonds. In recent weeks, the 10-year Treasury yield of U.S. government bonds has surged 35% to a new high of 1.44%, the highest point since the cross-asset crash in March 2020. Treasury yield bounces from a 60-year low
The 10-year Treasury yield has been accelerating massively in recent weeks, similar to the run-up to the economic downturns in 2000 and 2008. Hence, rising yields are typically considered a signal of weakness for the economy and can have a big impact across many markets. As the yields increase, governments must pay more for their underlying government bonds. This combined with the current economic conditions of the post-COVID-19 era and record national debt are factors that are unsurprisingly worrying economists. However, looking at the chart above from a technical perspective, this entire run can still be considered as a simple bearish retest of the previous support level. Such an example is shown by the previous attempt to test the resistance above. This could be happening here as well, where the rates will then drop back down from the 1.53% level. But it is important to keep an eye on this level because breaking through it can have a major impact on the markets. The government bond yields also have an impact on mortgage markets. Given that the real estate market is massively overheated at the moment, with people taking on massive debt to purchase homes, an increase in interest rates could pop this entire bubble, similar to what happened in 2008. However, yields also impact other markets, as gold often reacts to these moves as well. But is this time different? And how will Bitcoin respond to these potential macroeconomic shocks? weakening dollar vs. Bitcoin
The U.S. dollar currency index (DXY) index continues to show weakness as yields are rising, which is generally good news for Bitcoin bulls. This suggests that investors are fleeing the dollar toward higher risk, higher reward investments, such as Bitcoin. However, from a technical perspective, the DXY saw a bearish retest at 91.50 points, followed by more downside for the dollar, as seen in the chart above. Now, a retest of the 90 points level is underway, with the primary question being whether this level will hold as support.
Nevertheless, it’s debatable whether the rise in yields is having any direct effect on the price of Bitcoin, particularly in recent days. Meanwhile, the DXY has often been inversely correlated with the price of Bitcoin, though this has been decreasing in recent months (see below).
After the crash in March 2020, this inverse relationship grew stronger until September 2020, as a weakening dollar was accompanied by a major increase in BTC price. Of course, assets are only correlated until they aren’t, and many other factors can have a much bigger impact on BTC in the short term — for example, miners or whales selling Bitcoin, government regulations, etc. Why is gold showing weakness?
The 3-day chart for gold’s price shows a clear-cut correction since August 2020. More importantly, the increase in yields and the weaker dollar have not impacted the gold market as much as Bitcoin’s market. Even with the recent surge in yields, people are not buying gold. In fact, an increase in yields has historically not benefitted gold — at least not in the short term — because higher yields would make government bonds more attractive for funds to hold for settlement and as a risk-off asset in their portfolios. When yields continue rising toward higher levels, however, the uncertainty surrounding the economy also increases, and investors typically begin to shift from the dollar to gold as a safe haven. This was seen in the 1980s when yields ran toward 14% and gold also spiked to new all-time highs. BTC has become increasingly important in macroeconomicsIn the current state, however, falling gold prices may simply be an immediate reaction to the increase in yields in general. However, another possibility is that an increasing number of investors are opting for “digital gold” instead of the precious metal, not only because of the higher upside potential — i.e., risk-reward — but also because these positions can be liquidated much easier. But another possibility is that an increasing number of investors are preferring “digital gold” to the precious metal — not only because of the higher upside potential but also because these positions can be liquidated much easier on digital trading platforms. 11 August 2020, dotted blue line, US corporations led by $MSTR begin buying #bitcoin as a treasury asset. pic.twitter.com/LEMNzwqQru — Willy Woo (@woonomic) February 25, 2021 Today, the market capitalization of Bitcoin is still only 7% to 10% of gold’s, which highlights this massive upside potential. Therefore, the macro conclusion that can be drawn is that the markets are becoming increasingly uncertain about the economy’s and the dollar’s future, as exemplified by the rising 10-year Treasury yields. However, it’s still too early to write off the recent correction in BTC price to this macroeconomic development, as multiple other variables are at play. Ultimately, the rising yields and a weakening dollar are exciting developments to keep an eye on moving forward. With Bitcoin becoming an increasingly important player in the macroeconomic environment, strategists at JPMorgan Chase, for example, believe BTC may continue to eat away at gold’s market share. This will likely result in an even higher valuation for Bitcoin, particularly in the event of another economic crisis at the expense of gold. In December 2020, JPMorgan strategists noted: “The adoption of bitcoin by institutional investors has only begun, while for gold, its adoption by institutional investors is very advanced. If this medium to longer-term thesis proves right, the price of gold would suffer from a structural headwind over the coming years.” author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision. Title: Soaring Treasury yields are worrying economists — But what does this mean for Bitcoin?
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Join Thousands of Early Adopters Just Like You Who Want to Grow Capital and Truly Understand Cryptocurrency Together Soaring Treasury yields are worrying economists — But what does this mean for Bitcoin? Soaring Treasury yields are worrying economists — But what does this mean for Bitcoin? was originally published here https://dailynewssheet0.wordpress.com/2021/02/26/soaring-treasury-yields-are-worrying-economists-but-what-does-this-mean-for-bitcoin/ Soaring Treasury yields are worrying economists — But what does this mean for Bitcoin? was originally published here https://eunicedurand.blogspot.com/2021/02/soaring-treasury-yields-are-worrying.html
What Bitcoin price levels will invalidate the short-term bearish scenario?
What Bitcoin price levels will invalidate the short-term bearish scenario? What Bitcoin price levels will invalidate the short-term bearish scenario? The price of Bitcoin (BTC) is continuing to range between $48,000 and $51,000, unable to break out of the $51,600 resistance level. If Bitcoin struggles to surpass the $51,600 resistance area in the near term, technical analysts say the probability of a correction rises.
$51,600 is the key level to watchAccording to Josh Olszewicz, a cryptocurrency trader and technical analyst, the $51,600 level is currently acting as a strong resistance level. For Bitcoin to retest the all-time high at $58,000 and initiate a potential rally towards $62,000, it needs to cleanly move past $51,600, he explained. Hence, a rally beyond $51,600 is the clear invalidation point for any short-term bearish scenario for Bitcoin. The failure to break out in the near term could result in a bearish test of lower support areas, found at around $42,000. He said: “If 4h breaks down, be prepared for some uber bearish calls to start popping at 36.7k meanwhile, I’ll be bidding the daily Kijun at 42k. Alternatively, if $BTC breaks above 4h Cloud at 51.6k, I like ATH retest at 58k, R3 yearly pivot test at 62k, macro PF diag test at 70k, R4 yearly pivot test at 80K. Seasonality suggests we go neutral/sideways through March and then reach for those higher targets in Q2.” The $42,000 support area is a key level because it marks the top of the previous rally. On Jan. 8, the price of Bitcoin peaked at $42,085 on Binance, seeing a steep correction afterwards. Bitcoin dropping to $42,000 to retest the previous top as a support area would not be necessarily bearish beyond the short term, however. Whale clusters show similar levels of supportMoreover, analysts at Whalemap noted large inflows to whale wallets at $48,500 and $46,500, which they say should provide BTC with some support. “The current situation looks similar to the one we had at 29K,” they explained. What’s more, the $46,532 level may now be “the new $29,000,” which held as support during the previous correction in January before the rally continued. They added: The $55,400 is an important level to keep an eye on as well. Getting back above it will be a good sign The most compelling argument for a short-term Bitcoin dropBitcoin tends to seek liquidity after a prolonged consolidation, which means it can drop down to fill buy orders at lower support areas that can ultimately fuel a new rally. A pseudonymous trader known as “Salsa Tekila” echoed this sentiment. He said that there is a big support area at $41,000, followed by resistance at $54,000. He wrote: “My current take on $BTC mid term: 1) Support around $41K. 2) Resistance around $54K. Depending on context, I might trigger swings around those two vicinities. Likely just scalp until then, unless major events come to fruition.” Bitcoin tested the $44,800 support level in the past 72 hours, but it was not enough to propel BTC above $51,600. This trend could cause the price of Bitcoin to drop back to the $44,800 level or to a lower support level, at $42,000. The ideal scenario would be for Bitcoin to hold onto the $44,800 support area if it drops again, stabilize it as a macro support level, and move back up. Title: What Bitcoin price levels will invalidate the short-term bearish scenario?
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Join Thousands of Early Adopters Just Like You Who Want to Grow Capital and Truly Understand Cryptocurrency Together What Bitcoin price levels will invalidate the short-term bearish scenario? What Bitcoin price levels will invalidate the short-term bearish scenario? was originally published here https://dailynewssheet0.wordpress.com/2021/02/25/what-bitcoin-price-levels-will-invalidate-the-short-term-bearish-scenario/ What Bitcoin price levels will invalidate the short-term bearish scenario? was originally published here https://eunicedurand.blogspot.com/2021/02/what-bitcoin-price-levels-will.html
Golem (GLM) price rallies 230% to hit a 3-year high after protocol upgrade
Golem (GLM) price rallies 230% to hit a 3-year high after protocol upgrade Golem (GLM) price rallies 230% to hit a 3-year high after protocol upgrade Over the past few weeks, the price of Golem’s GLM network token saw a strong rally that pushed the token to a three-year high at $0.65. The altcoin also underwent a strong pump on Feb. 19, but most of the gains evaporated as Bitcoin (BTC) corrected below $45,000 during the past three days. Nevertheless, GLM still holds a 230% gain in February alone. Golem is an Ethereum-based decentralized application that enables users to rent out computing power resources. Since November 2020, the project has been migrating from GNT to GLM tokens after deploying a new ERC-20 contract. Although most exchanges supported the move, it is still possible to find GNT activity and listings. Golem provides an open-source cloud processing framework for both application registries and transactions. Thus, anyone can share and aggregate computing resources, as well as create applications using the network. Ultimately, the solution aims to compete with traditional centralized cloud services like Amazon Web Services.
Golem’s initial coin offering took place in November 2016, raising $8.6 million for 820 million GNT tokens. 180 million tokens were retained by the project’s “Golem Factory’” foundation, alongside early contributors and team members. The network allows personal computers and large data centers to share resources, and contributors are paid in GMT tokens. According to Golem, a transaction system settles payments between providers, requesters and software developers. To protect the host device, all computations take place in a sandbox environment. According to the Golem Project blog, its batched transaction approach protects users from Ethereum network congestion and excessive gas prices. Layer-two scalability is already being offered on the mainnet using Matter Labs’ zk-Sync, which is a zero-knowledge technology for the payment API. Partnerships and protocol testnets back Golem’s uptrendThe results of the Golem Gitcoin Hackaton 2020 included a smart contract called the GLM-stake-pool. The contract allows GLM tokenholders to obtain yield by staking Uniswap LP tokens. On Feb. 17, Golem also revealed a new testnet release, called Alpha IV. The update allows users to set up long-running tasks instead of the regular per-use payments. The platform also enables users to receive funds without initializing an account. On Feb. 23, Polygon, formerly known as the Matic Network, announced that it would be joining forces with Golem to produce an off-chain payment driver. This partnership aims to provide a long-term solution to avoid costly layer-one transactions. On-chain data registers a sharp spike in active addresses and transfersAccording to the Golem migration website, 44% of the total supply has been converted to GLM. On-chain data shows that activity spiked on Feb. 19, reaching 1,839 daily active addresses. Curiously, that was the same day that GLM traded at $0.65, the highest level in three years.
Although the network displays potential, there are only a few applications available, and they are not very active. The current applications are video transcoders, bulk image editors, a Sudoku game and a few data analysis and optimization tools. While there appears to be potential in the project’s product, the team may need to secure an enterprise-level partnership in order for GLM to gain sustainable traction. It is nearly impossible for the average cryptocurrency trader to evaluate how Golem’s solution compares to Amazon Web Services and the other top-level cloud services providers that it aims to compete against. Thus, the GLM token upside seems limited until such confirmation happens through real-world use cases. author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision. Title: Golem (GLM) price rallies 230% to hit a 3-year high after protocol upgrade
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Join Thousands of Early Adopters Just Like You Who Want to Grow Capital and Truly Understand Cryptocurrency Together Golem (GLM) price rallies 230% to hit a 3-year high after protocol upgrade Golem (GLM) price rallies 230% to hit a 3-year high after protocol upgrade was originally published here https://dailynewssheet0.wordpress.com/2021/02/25/golem-glm-price-rallies-230-to-hit-a-3-year-high-after-protocol-upgrade/ Golem (GLM) price rallies 230% to hit a 3-year high after protocol upgrade was originally published here https://eunicedurand.blogspot.com/2021/02/golem-glm-price-rallies-230-to-hit-3.html
Sam Bankman-Fried: The crypto whale who wants to give billions away
Sam Bankman-Fried: The crypto whale who wants to give billions away Sam Bankman-Fried: The crypto whale who wants to give billions away
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Join Thousands of Early Adopters Just Like You Who Want to Grow Capital and Truly Understand Cryptocurrency Together Sam Bankman-Fried: The crypto whale who wants to give billions away Sam Bankman-Fried: The crypto whale who wants to give billions away was originally published here https://dailynewssheet0.wordpress.com/2021/02/24/sam-bankman-fried-the-crypto-whale-who-wants-to-give-billions-away/ Sam Bankman-Fried: The crypto whale who wants to give billions away was originally published here https://eunicedurand.blogspot.com/2021/02/sam-bankman-fried-crypto-whale-who.html
Bitcoin Investors With Less Money Than Elon Musk Should ‘Watch Out’ Said Bill Gates
Bitcoin Investors With Less Money Than Elon Musk Should ‘Watch Out’ Said Bill Gates Bitcoin Investors With Less Money Than Elon Musk Should ‘Watch Out’ Said Bill Gates Bill Gates is not bullish on bitcoin because of the massive energy the cryptocurrency uses. The billionaire philanthropist said that during a recent interview and also warned people who have less money than Elon Musk to be wary of potential financial losses if invested in BTC. Gates on Musk and BTCEver since news broke that Elon Musk’s electric vehicle and clean energy company, Tesla, had allocated $1.5 billion in bitcoin, speculations have run rampant within and outside the community about the firm’s potential gains from this investment. As BTC’s price has increased substantially since January, when the purchase was made, numerous media outlets, including traditional representatives, breached the angle that Tesla can make more profits with the crypto investment rather than with its actual sale of vehicles. Microsoft co-founder Bill Gates also received this question during a recent Bloomberg interview. Although he averted replying to it directly, the philanthropist offered his rather compelling opinion on BTC, Musk, and cryptocurrency investors.
In fact, he believes that people purchasing portions of the primary cryptocurrency who have less money than Musk should “watch out.” In other words, almost everyone should “watch out” as Musk is one of the richest men on this planet. He frequently trades this honor with Amazon’s Jeff Bezos. Not Bullish on BitcoinGates recently said that he was neither short nor long on bitcoin as he had taken a more neutral view on the cryptocurrency. However, he seemed less neutral during the Bloomberg interview. “I’m not bullish on bitcoin. There’re things we invest in as a society that produce output. Bitcoin happens to use a lot of energy. It happens to promote anonymous transactions. They’re not reversible transactions.” As previously mentioned, though, BTC transactions are not anonymous as each one is registered on the bitcoin blockchain. They are pseudonymous. As far as energy consumption goes, Kraken’s Head of Growth, Dan Held, recently published a post in an attempt to debunk this belief. He noted that the proof-of-work consensus algorithm that BTC uses enables it to transmute “electricity into digital gold,” which makes PoW’s costs a “feature, not a bug.” He added that other financial fields, such as banking or even gold, use significantly more energy. While dismissing BTC as a viable payment option, Gates admitted that digital money is a “good thing” but would have to be easier to use, reversible, and traceable to work. Featured Image Courtesy of Yahoo Title: Bitcoin Investors With Less Money Than Elon Musk Should ‘Watch Out’ Said Bill Gates
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Join Thousands of Early Adopters Just Like You Who Want to Grow Capital and Truly Understand Cryptocurrency Together Bitcoin Investors With Less Money Than Elon Musk Should ‘Watch Out’ Said Bill Gates Bitcoin Investors With Less Money Than Elon Musk Should ‘Watch Out’ Said Bill Gates was originally published here https://dailynewssheet0.wordpress.com/2021/02/24/bitcoin-investors-with-less-money-than-elon-musk-should-watch-out-said-bill-gates/ Bitcoin Investors With Less Money Than Elon Musk Should ‘Watch Out’ Said Bill Gates was originally published here https://eunicedurand.blogspot.com/2021/02/bitcoin-investors-with-less-money-than.html
Tyler T. Tysdal Video Regarding How to Sell Your Business
Tyler T. Tysdal Video Regarding How to Sell Your Business Tyler Tysdal And Robert Hirsch Discuss Correct Timing of the Sale of Your Company About Freedom Factory At Freedom Factory ®, we have actually experienced and seen the explosive results of entrepreneurs lining up enthusiasm and function to produce remarkable worth. However, many business owners have no idea how to take full advantage of the worth of their company and carry on to the next chapter of their lives. That’s where we can assist. https://directory.libsyn.com/episode/index/id/14437211 https://oembed.libsyn.com/embed?item_id=14437211 Freedom Factory ® has actually drastically interrupted the method high-growth, lifestyle business are bought and sold, which traditionally was a terribly ineffective market. When I sold my first business in the 1990s, I went to a number of financial investment banks and offered my business to one of less than 5 business they called. Recalling, I see precisely how much money I left on the table and knew that there had to be a better way. The bottom line is that business owners do not speak lender, and lenders sure do not speak business owner.
Contact Freedom Factory Freedom Factory Managing Partner Tyler Tysdal https://vimeopro.com/freedomfactory/tyler-tysdal/video/445058690 Who is Tyler Tysdal? Tyler T. Tysdal is a long-lasting business owner who initially found the delights and obstacles of self-employment at the age of 14. Tyler Tysdal was a collector and trader of baseball cards and his budding entrepreneurial spirit spurred him to produce Triple T’s Sports Collectibles, a national mail-order trading card and memorabilia business that discovered a large audience through ads in trade magazines. While market inadequacies were numerous in this pre-internet period, a young Tyler Tysdal experienced his first big business win with $14,000 a month of revenue result. A great deal of money for 14. It struck him during a flight with his mommy to the post office to mail dozens of card shipments: He would likely be an entrepreneur and financier the rest of his career. Additional Websites to Follow Tyler Tysdal Tyler T. Tysdal Video Regarding How to Sell Your Business was originally published here https://dailynewssheet0.wordpress.com/2021/02/24/tyler-t-tysdal-video-regarding-how-to-sell-your-business/ Tyler T. Tysdal Video Regarding How to Sell Your Business was originally published here https://eunicedurand.blogspot.com/2021/02/tyler-t-tysdal-video-regarding-how-to.html |
Eunice Durand
My name is Eunice Durand, I have worked for the stock market industry for 4 years. Technology news grasp my attention the most. In early days, I started my journey with an ordinary author. Moving forward with great hard work and passion I achieve a higher position. As I believe in working hard and putting the soul in my work, I have accomplished so much success and place in Dailynewssheet.com, and now I have confidence in this, that I am the spin of this network. I have a vision of touching the sky. I wish to see this industry on a global scale one day. My other duties are that I am a contributor and an editor of the technology segment. My work is to do a critical analysis of companies and pick out the most significant information for investor network. ArchivesNo Archives Categories |