A fresh surge sees BTC/USD well on its way back to $10,000 as the impact of its weekend crash continues to dissipate.
- Thursday, 14 May 2020 07:31
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Cyprus-based COSD LLC company has established new technological paradigms for the crypto mining market with the introduction of its CoinFly ecosystem. The system offers robust functionalities for the optimization of mining operations. New paradigms have surfaced in the crypto mining sector thanks to CoinFly, a robust mining system that provides miners an added advantage. The system, designed to cater to both newcomers and experts, offers sophisticated tools to enable an intuitive interface for mining rigs and automated responses to real-time performance. Additionally, this project creates the ideal environment for miners to run a profitable business and get the best from The post Crypto Startup CoinFly Levels Up Mining Operations for Newbies and Experts appeared first on The Merkle News.
One of the largest online networks, Reddit, has announced a new community points system based on the Ethereum blockchain.
The Merkle: Crypto vs COVID-19: Bitcasino.io Raises 20BTC in Donations and Launches Charity Poker Tournament
Bitcasino.io and its community have raised 20BTC in support of COVID-19 relief, and have teamed up with the Pioneer Club and The Giving Block for a charity poker tournament. 13th May 2020, Tallinn, Estonia – Crypto gaming pioneer Bitcasino.io and its loyal community of players have managed to raise 20BTC in support of COVID-19 relief by donating player Loyalty Rewards. In addition, Bitcasino has also teamed up with the Pioneer Club and The Giving Block for a series of COVID-19 relief “No Limit Hold’em” charity poker tournaments. The 20BTC donation (€162,000) is the result of Bitcasino’s Crypto vs. COVID-19 charity campaign in cooperation with crypto-friendly fundraiser The Giving Block. The The post Crypto vs COVID-19: Bitcasino.io Raises 20BTC in Donations and Launches Charity Poker Tournament appeared first on The Merkle News.
$220 million in Bitcoin has left exchanges since the halving. Do users not trust exchanges or simply see it as a store of value?
- Thursday, 14 May 2020 06:53
Decided to cancel my plan to go back to majority exposure already at $200B Crypto Marketcap as I believe chances are high we will go to -60% undervaluation to trendline multiple times again over next 1.5 year. If that were to happen now it would mean $155B, but even if it would happen only in half a year, that would still be only $200B. In menatime there are many opportunities elsewhere considering we are going through a big global crises, so opportunity cost is high when investing too soon in crypto. Also realized chances to double test the bottom are actually not high at all, and lowered from 60% to 20%, a major shift, as 1. - double - testing bottom never happened in past crypto cycles during early bull in 2011 and 2015, 2. There was huge volume when bottom was tested, increasing likelyhood that it was trend reversal from bearisch to bullisch, 3. The global crises we are going thorugh will likely accelerate adoption of innovation, which includes crypto, also lowering chance to test bottom twice. Also cleaned up Crypto Investment Sheet big time and no longer allocate based on different parameters, such as undervaluation to trendline or MVRV ratio, but only based on risk/reward Kelly Criterion, as I realised overinvesting, allocating too much is actually the biggest error an investor can make, causing lower returns as well as higher volatility possibly even leading to a bust, and may happen when you use other indicators than your edge (expected return/outcome) divided by your odds (upwards potential) = kelly allocation. Magical Kelly https://twitter.com/MarcDeMesel/status/1248498876970962944
Ripple managed to have a successful 2020 despite the global crisis that was triggered by the novel coronavirus and the shaking of the global economies. The company continued to bag partnerships and mark all kinds of achievements while boosting the whole XRP ecosystem. Ripple has been also making efforts to push the mainstream addition of … Continue reading "Ripple Celebrates New XRP Achievement"
Bitcoin‘s third halving successfully executed on May 11th. The whole crypto space was on fire, and Tone Vays held a massive 12-hour live session with amazing tests such as Mike Novogratz, Willy Woo, PlanB, Max Keiser, and more joined the countdown. The halving event is a historical one: The final Bitcoin block with a subsidy … Continue reading "Bitcoin Post-Halving: Massive Shift In Traders Selling BTC"
The crypto market is all green today, and at the moment of writing this article, XRP is also trading in the green and the coin is priced at $0.200632. There’s a new report by the blockchain intelligence firm Flipside Crypto that shows the fact that trading activity for XRP is slowing down on the weekends … Continue reading "XRP Hits $0.20 – Report Reveals New Details About XRP Trading Activity "