Web 3.0 Will Change the World, Not Bitcoin

The world’s largest cryptocurrency, bitcoin (BTC), is not going to change the world as it is just a store of value, Galaxy Digital CEO Michael Novogratz said at ConsenSys’ Ethereal Summit on May 11. Major bitcoin bull and former Wall Street exec Novogratz made his comments during a speech entitled “The Herd Is Still Coming!” at the industry event, which Cointelegraph attended as a media partner. Starting with bitcoin, “as it came first,” Novogratz claimed that the coin has “really establishing itself as a store of value,” noting that it…

HTC to Launch EXODUS 1s, Smartphone With Full Node Capacity

Electronics company HTC has announced that it is launching a smartphone to bring crypto and blockchain technology to a wider audience in Q3 2019. According to a press release shared with Bitcoin Magazine, “The EXODUS 1s will be the first smartphone ever to have full node capabilities” containing the full Bitcoin blockchain. “With the EXODUS 1, we gave people the power to own their own keys, now we’re giving people the power to run their own node,” Phil Chen, decentralized chief officer at HTC, told Bitcoin Magazine. “It’s about building…

Bitcoin Price Will Triple to $20,000 by 2021: Investment Bank Canaccord

By CCN: Bitcoin is 2019’s best-performing asset thanks to the massive rise in the price of the cryptocurrency, and a growing chorus on Wall Street proclaims that BTC’s terrific momentum won’t be dying out anytime soon. Bitcoin price has breached the $6,000 mark and is on its way higher | Source: CoinMarketCap Canaccord Genuity, an investment banking and wealth management company based out of Vancouver, published a research note predicting that the price will gradually climb back to $20,000 by March 2021. “Bitcoin has started to form the spring 2019…

This Technical Indicator Predicts Bitcoin above $300K by 2021

The bitcoin price could discover new highs above $300,000 by 2021, according to a popular technical indicator. Dubbed as the Stochastic RSI, the indicator helps investors identify oversold and overbought conditions inside the market. It indicates a probable change in the direction of a price trend. GalaxyBTC, a pseudonymous cryptocurrency analyst, applied Stochastic RSI on the monthly bitcoin chart and compared the indicator’s past performance with the cryptocurrency’s price behavior. The analyst found that Stochastic RSI was recovering from its oversold conditions for the first time since October 2015. The last…

Dangerously Parabolic Bitcoin Price Could Collapse Below $6,000

By CCN: Nothing is stopping the bitcoin price from establishing fresh yearly highs above $6,000. The world’s leading cryptocurrency today settled a new intraday peak towards $6,989 on US-based exchange Coinbase, its best since September 5, 2018. The sustained uptrend helped bitcoin to post a net bottom-rebound of 122.69-percent. At the same time, it pushed the asset’s year-to-date performance to 83.98-percent. The move reflected traders’ willingness to purchase bitcoin at newly-established higher highs, leading to a parabola formation. In retrospective, a parabolic move happens when an asset moves upward in…

Crypto Market Hits $200 Billion, Bitcoin Rallies To $7K: BCH, LTC, EOS, ADA Analysis

The total crypto market cap surged higher and tested the $200B resistance level. Bitcoin price gained traction above $6,500 and traded close to the $7,000 level. Litecoin (LTC) price is up 15% and it recently broke the $85.00 resistance Bitcoin cash price gained more than 12% and surged above the $300 and $310 levels. EOS price is also up more than 10% and recently cleared the $5.20 resistance area. Cardano (ADA) price rallied 12% and it recently broke the $0.0700 resistance level. The crypto market cap rallied to the $200…

Barclays and RBS Have Reduced the Real Estate Transaction Process Four Times: Who Benefits?

Recently, Barclays and the Royal Bank of Scotland (RBS), with the participation of enterprise software company R3, successfully tested a blockchain project that will speed up real estate transactions. Such a solution can provide transparent and fast operations for the end user, R3 officials say. However, is it already possible to talk about a breakthrough in the market? How will the traditional process of real estate transactions and mortgage issuance change? Why did banks, skeptical before, change their attitude toward blockchain? And what are the risks for private blockchain platforms?…