Technicals Suggest Bitcoin Needs To Clear $9,800 For Hopes of a Fresh Rally

Bitcoin is currently correcting higher from the $9,300 support against the US Dollar. BTC price must clear the $9,740 and $9,800 resistance levels to continue higher in the near term. Bitcoin is currently showing a few positive signs above the $9,500 and $9,600 levels. The price is likely to gain bullish momentum if it breaks the $9,740 and $9,800 resistance levels. There is a bear flag forming with resistance near $9,740 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could resume its decline if…

Podcaster Joe Rogan Uses Crypto-Powered Brave Browser

Podcaster Joe Rogan has revealed that he uses the privacy focused Brave browser to avoid internet ads and Google tracking in the latest episode, which features American musician and comic Reggie Watts. It’s one of the most high profile endorsements in Brave’s history with Rogan’s podcast downloaded more than 190 million times each month. The show was recently licensed to Spotify in a $100 million deal. This latest episode has already received 1.7 million views on YouTube in the first 24 hours. You’re getting tracked In the 2.5 hour episode,…

Hive’s Transactions Overtake Steem’s as Splinterlands Joins the Rebellion

The most popular decentralized application (DApp) on Steem — a crypto-powered card trading game called Splinterlands —  has become the latest high profile migration to rebel  Steem fork, Hive. As a result, the number of daily transactions on Steem has fallen by a third to drop below Hive’s for the first time. Hive is a community run fork of Steem, set up following the purchase of Steemit Inc by Tron founder Justin Sun. The migration was a response to a surprise hard fork initiated in late May to freeze the…

‘Crypto Mom’ Nominated to Serve as SEC Commissioner Until 2025

President Trump has nominated Hester Peirce to be a member of the U.S. Securities and Exchange Commission (SEC) for a second term ending in 2025. Pierce has been affectionately dubbed ‘Crypto Mom’ for being one of the most enthusiastic proponents of cryptocurrency at the SEC. In an announcement on the White House website on June 2, the executive branch of the U.S. government said it had sent ten nominations for unfilled positions or those up for renewal to the Senate for approval, and withdrawn one.  Among the names put forward…

Walmart China Subsidiary Teams Up With VeChain to Trace Food Products

Sam’s Club, a China-based subsidiary of Walmart, has partnered with blockchain-based supply chain management platform VeChain (VET) to trace food products sold by the shopping chain. PricewaterhouseCoopers (PwC) will assist in the Sam’s Club Blockchain Traceability Platform project, which is intended to both ensure food safety and afford greater transparency to consumers in China. Since mid-2019 PwC China and Walmart China have been developing a traceability platform on the VeChain blockchain called the Walmart China Blockchain Traceability Platform. Sam’s Club has 2.5 million customers Sam’s Club is a membership-only high-end…

Why an Eerily Accurate Analyst Still Expects Bitcoin to Retrace to the $7ks

After the $1,500 drop that Bitcoin sustained just the other day, analysts are reconsidering their bullish skew on the crypto market. One analyst went as far as to suggest that the cryptocurrency is poised to correct towards the $7,000s after seeing that harsh rejection above $10,000. The analyst in question predicted months in advance BTC would bottom in 2019 at $6,400, and called for BTC to top around $11,000 earlier this year. Related Reading: Ethereum DeFi Nears $1 Billion Milestone Again, and That’s Big for the ETH Bull Case Bitcoin Poised…

Blockchain Platform to Track $2.5B Worth of Tea Products

The Chinese province of Yunnan announced the official launch of a blockchain-powered traceability platform for its Pu’er tea farms on June 3. The blockchain platform was first announced in the 2020 Phoenix Nest Ancient Tree Spring Tea New Product Launch Conference in Kunming, Yunnan.  They will use the platform to conduct quality control, sales, and loan financing operations on 42,000 hectares of farmland across the province. According to Chinanews, the province is famous for its dark, fermented variety of tea. It’s the major Chinese agricultural products exporter, and hit almost…

“Bitcoin will approach record high of about $20,000 this year”

The latest report from Bloomberg reveals that the company expects Bitcoin (BTC) to retest the record highs from 2017, and may even go as high as $28,000. COVID-19 & Institutions helping Bitcoin The report suggests that COVID-19 has accelerated Bitcoin’s maturation as an asset, showing its strength amid declining equities. In addition, it points to the ever-increasing appetite from the institutional investors, and Grayscale, or GBTC, in particular; which has been consuming about 25% of the the new supply: “So far this year, its increasing AUM has consumed about 25%…

Pomp Explains Why Mainstream Markets Are Up Amid Chaos

Even in light of recent riots, protests, and uncertainties, mainstream U.S. financial markets show upward prices due to overarching forces, according to Morgan Creek Digital co-founder, Anthony Pompliano.  “Yes there are protests, there are all these things, but the bigger force is the fact that now all these businesses are opening up,” Pompliano said in a June 2 episode of “Lunch Money” on his YouTube channel. “There’s going to be more economic activity and there should be a recovery in that data.” Economy returning to function After weeks of shelter-in-place…

Spanish Multinational Launches Free Tool to Decrypt Files Affected by VCryptor Ransomware

On June 3, Spain-based telecommunications conglomerate, Telefónica, released a free tool to recover data encrypted by the VCryptor ransomware. The tool, VCrypt Decryptor, was created as part of an international initiative titled “No More Ransomware”. This alliance was established by McAfee, Europol, Politie, and Kaspersky. It is one of several tools that aim to decrypt almost 134 types of ransomware. VCrypt’s attack method According to ElevenPaths, Telefonica’s specialized cybersecurity unit, VCryptor creates a password-protected .zip file in which it stores all encrypted data. It then generates new files with the…