Blockchain 

Bitcoin Soars 50% So Far in 2020

Back in early 2019, Bitcoin went on a remarkable rally, and many believed that the cryptocurrency could eventually reach the dizzying highs it had hit in 2017. However, after the first half of the year, the rally fizzled out. The world’s biggest cryptocurrency has again gone on a remarkable rally over the past few days, and while BTC investors must be happy, some must be wondering whether this is another flash in the pan. Many traders may be wondering whether this is the start of another rally due to definite…

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Cryptocurrency 

CME Sees Second-Best Month for Bitcoin Futures Trading

January was the second-best month for CME’s Bitcoin futures trading since its 2017 launch, averaging 10,800 contracts, 69% greater than the average daily volume in 2019. Last month also saw new options on Bitcoin futures picking up pace. Since launch, 466 options contracts, or 2,300 equivalent Bitcoin, have traded—nearly 40% as blocks, showing signs of institutional interest, CME said. It also registered a record monthly average of 56 large open interest holders (entities that hold 25+ contracts). The Chicago Mercantile Exchange (CME) launched its Bitcoin futures options last month, with…

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Bitcoin 

Ethereum (ETH) Almost Doubled This Year

When Bitcoin was in the middle of its stunning rally last year, Ethereum failed to catch any of this, but things have been quite different this year. It is the second-biggest cryptocurrency in the world by market cap, and over the last few weeks, it has left most of the wider market in the dust. While the rally must come as a welcome boost for ETH holders, it is perhaps also important to figure out the reasons behind the near 100% rise since January. Here is a closer look at…

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Ethereum 

LiteLink Technologies Transitions from Trials to Commercial Revenue Subscriptions with Easterday Farms Across the USA with IoT Cold Chain 1SHIFT Sensors

VANCOUVER, Feb. 13, 2020 /CNW/ – LiteLink Technologies Inc. (CSE:LLT)(OTC:LLNKF)(FRA:C0B), a key player in supply chain platforms and logistic IoT sensors, is pleased to announce that Easterday Farms Produce Company (“Easterday Farms“) has transitioned from trials to become a commercial client of LiteLink’s 1SHIFT Logistics IoT cold chain sensors platform for rail freight transports. Easterday Farms is a fourth-generation, privately held farming, packing and distribution company that serves customers across the United States. The company has 25,000 acres of potatoes, onions, corn and wheat in Washington State’s Columbia River Basin, as well as a…

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Blockchain 

Ripple Signs Major Agreement with Major National Bank

In 2019, XRP did not have a particularly great year despite the bull run in many cryptocurrencies, and much of the blame for this was laid at the door of Ripple. However, the company has made a range of important deals in recent times, and it signed another one on Tuesday. Ripple for Remittances The company signed an agreement with another big-ticket customer, and this time it is the National Bank of Egypt. The San Francisco-based blockchain company holds the highest number of XRP tokens, and many have blamed its…

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Blockchain 

Libra Vice Chair Unconcerned By High Profile Departures

Dante Disparte, Vice-Chair of the Libra Association, said that he was unconcerned by recent high-profile departures from the project just two weeks after Vodafone became the latest name to ditch the proposed digital coin. Speaking to CoinDesk at the World Economic Forum in Davos last week, Disparte said that the Libra project was picking up pace despite huge regulatory resistance to the project and the departure of several of the association’s initial supporters, namely Mastercard, Visa, and Vodafone. He also said that the door remains open for those firms to…

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Blockchain 

Tether Grows as Algorand Finally Adds USDT Tokens

The crypto sphere has developed at a remarkable rate over the course of the past half a decade, and one of the biggest developments has been the emergence of stablecoins like Tether (USDT). Despite skepticism from many in the crypto space, the stablecoin has continued to grow, and in a new development, it has been added by Algorand. Major Details This is a significant development for USDT, but it remains to be seen whether there is any rally in the stablecoin in the coming days. Algorand is one of the…

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Ethereum 

Bitcoin (BTC) Soars to 4-Month High, Crosses $10K Mark

At this time last year, Bitcoin was in the middle of a rollicking rally, and the situation seems to have panned out in the same way in 2020. In a development that will come as a big boost for those who have invested in the world’s biggest cryptocurrency, BTC reached its highest level since October on February 9. The token is back above the level of $10,000, and it remains to be seen if it can go on a similar rally like last year. It should be noted that $10,000…

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Blockchain 

Tezos (XTZ) Soars Over 32% in a Week: Here’s Why

Altcoins had a pretty disappointing time in 2019, but since the turn of the year, it has been a different story, and one of the altcoins that could be watched closely at this point is Tezos (XTZ). Over the course of the past seven days, XTZ has enjoyed a sustained rally and has emerged as the highest gainer from among the top 20 tokens among cryptocurrencies by market cap. In the last seven days, XTZ has gained as much as 32.5%, and over the past 24 hours, it has managed…

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Bitcoin 

Bakkt to Acquire Loyalty Program Provider Bridge2 Solutions

Bakkt has announced that it will acquire loyalty program provider Bridge2 Solutions in a move that could open up a trillion-dollar market for the fledgling crypto exchange, according to the CEO of its parent company, the Intercontinental Exchange (ICE). Bridge2 is a loyalty rewards platform for merchants and financial institutions with a combined total of $60 billion worth of reward points, according to Fortune. Bakkt intends to leverage Bridge2’s existing merchant relationships to build out its own consumer app. Bridge2 also operates a pilot project called Loyalty Pay, which, when…

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