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MoneyNext Summit Goes Virtual, Live Discussion Panel Starts August 18th, 2020

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MoneyNext Summit Online is the leading virtual event to address the current financial landscape and offer insight and opinion into the future of money. 

MoneyNext Summit Online is a bigger and more complex version of Fintech Friday panel discussion, and is taking place from 18th to 21st August 2020. The event will assist fintech and tech professionals shape the future of money.

MoneyNext Summit Online gives users access to over 30 hours of exceptional content across 4 days and a line-up of 180 speakers – fintechs and disruptors, technology decision makers to discuss, debate and challenge the latest industry trends and future innovations alongside an audience of 5000 people from tech giants and latest startups.

The conference themes that will be in spotlight include Banking Transformation, Payments and Transfers, Blockchain, Open Banking, Lending and Finance, Insurtech and Security. 

Industry captains from Finance and IT will share their trials and successes to help your business adapt and thrive. Some of the top speakers to take the virtual stage in 2020:

RICHARD DAVIES – CEO Banking, Revolut

CRAIG WELLMAN – Director Financial Services, Microsoft

ANDREA DUNLOP – Chairwoman of the Emerging Payments Association

JASON MAUDE – Head of Technology Advocacy, Starling

AMNAH AJMAL – Group Executive – Merchants, Acceptance & Digital Partnerships, Mastercard

LUCY DEMERY – Global Head of FinTech Banking, Standard Chartered

CAROLINE AMBROSE – Director – Open Banking Implementation, Barclays

CHRIS HIGHAM – Head of Strategy & Change – Payments, Virgin Money

STEPHEN INGLEDEW – Chief Executive, FinTech Scotland

BECKY MOFFAT – Global Head of RBWM Customer Marketing, HSBC

NOUAMANE CHERKAOUI – CIO, Société Générale

SIMON VINEY – Cyber Security Financial Services Sector Lead, BAE Systems

The event is completely free to attend. Register now at https://moneynextsummit.com/online/registration and follow #MoneyNextOnline hashtag on social media for the event’s latest updates and news.

MoneyNext is the source of this content. This Press Release is for informational purposes only. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all.

About Bitcoin PR Buzz: Bitcoin PR Buzz has been proudly serving the crypto press release distribution needs of blockchain start-ups for over 8 years. Get your Bitcoin Press Release Distribution today.

Source: https://bitcoinprbuzz.com/moneynext-summit-goes-virtual-live-discussion-panel-starts-august-18th-2020/

Blockchain

A $15K Bitcoin Likely As Price Breaks Above “Multi-Year Bullish Triangle”

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Bitcoin expects to hit a $15,000 valuation in the coming sessions, says full-time futures trader Adam Mancini.

The Twitterati stated earlier Monday that BTC/USD closed above a “multi-year bullish triangle” by almost $2,000. The pair’s giant move above the “continuation pattern” increased its likelihood of testing short-term breakout targets, beginning with $15,000. Mr. Mancini said Bitcoin could extend its upside towards $24,000, as well.

“[The cryptocurrency] may be the new kid on the block but the same old classic patterns that apply to all financial assets still apply,” he tweeted. “[The] trend is up with 15k next target.”

bitcoin, cryptocurrency, btcusd, xbtusd, btcusdt, crypto

Bitcoin is likely to continue in the direction of its previous trend after breaking above the Triangle pattern. Source: TradingView.com

The statement appeared after Bitcoin secured its $12,000-price target during the early Asian Monday session. The cryptocurrency’s jump took place despite growing worries about a price correction, showing that traders chose to favor its long-term fundamental outlook over its technically overbought conditions.

The sharp bullish move followed a relatively quiet weekend. It also coincided with a drop in Chinese stocks as investors assessed the latest US sanctions targeting China, including a punitive action on Carrie Lam, Hong Kong’s leader. China’s CSI 300 fell 0.8 percent while Hong Kong’s Hang Seng plunged by 1 percent.

Inflation Woes

Bitcoin’s upside move also appeared as Morgan Stanley warned about a “burst of inflation” in the US. The Wall Street bank’s equity strategist, Mike Wilson noted the Federal Reserve’s aggressive fiscal and monetary response to the COVID crisis pushed its M2–a benchmark measure of US money supply–to its record high.

“While we are likely to experience big imbalances in the real economy for several more quarters, if not years, the most powerful leading indicator for inflation has already shown its hand — money supply, or M2,” he told FT.

FRED, money supply us, us dollar, inflation

US Money Supply M2 surged dramatically after the Fed’s open-ended stimulus policy launch in March 2020. Source: FRED

Mr. Wilson added that fears of inflation would end up sending investors into risk-oriented assets, such as equities.

The concerns are already reflecting in the US Treasuries. Interest offered on buying the benchmark 10-year US bond has dipped to near zero. Adjusted per inflation, the real yields lately crashed to minus 1 percent.

Gold, which is considered the second-best to bonds, has surged to its all-time high, meanwhile. The precious metal went above $2,000 an ounce for the first time – logging a 36 percent rise on a year-to-date timeframe.

Bitcoin Demand

So it seems, Bitcoin, whose economical properties resembles that of gold, is playing catch-up with the safe-haven asset. Its scarcity against the unlimited US dollar supply has earned it the tag of “digital gold.”

bitcoin, cryptocurrency, btcusd, xbtusd, btcusdt, crypto

Bitcoin hits $12,000 in the early hours of the Monday session. Source: TradingView.com

Its break above a technical Triangle range certainly points towards an increase in adoption. Ronnie Moas, the founder of Standpoint Research, noted that the cryptocurrency is attracting large buy orders, adding:

“11 years into the #bitcoin timeline, we’ve reached an Inflection point where the likelihood of large (institutional). BTC orders are coming in to Buy are more likely than large orders coming in to Sell. Remember it took ~10 years for paper checks and credit cards to go mainstream.”

Mr. Moas expects Bitcoin to hit $26,000 by 2021.

Source: https://bitcoinist.com/a-15k-bitcoin-likely-as-price-breaks-above-multi-year-bullish-triangle/?utm_source=rss&utm_medium=rss&utm_campaign=a-15k-bitcoin-likely-as-price-breaks-above-multi-year-bullish-triangle

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Ethereum Classic Under Multiple 51% Attacks | Bitcoin News Summary Aug 10, 2020

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Ethereum Classic has suffered its second 51% attack in less than a week, bringing the ongoing security of the network into question. During the attack, the offending miner managed to double-spend $5.6 million worth of ETC after spending only $200,000 to acquire the hash power for the attack. The ETC team was advising its clients to halt interactions with the network while corrective steps were taken.

The US branch of global cryptocurrency exchange, Binance has halted all trading and orders following an incident. CEO Catherine Coley tweeted, “Your funds are safe” and she added that the incident was not a hack. In a later update Binance.US clarified, they noticed an error that was not allowing users to see their orders and they didn’t want users trading blindly. 

$1.4 million in BTC and ETH was stolen from Spanish crypto firm, 2Gether. The firm stated that it won’t be able to rapidly repay all its users, whose pooled funds were stolen. 2Gether, which provides wallet, exchange, and crypto payment card services, has drawn up a plan involving the issuance of new tokens to affected customers.

The Xapo crypto custody and card service, the second biggest identified holder of Bitcoin, transferred nearly 100,000 BTC. Bitcoins worth over $1.1 Billion were transferred for a fee of only $3.55.The funds were moved to what is now the third-largest Bitcoin address by value.

Before we conclude, this week’s Bitcoin quick question is: can I store multiple altcoins on a hardware wallet? The answer is yes, although which altcoins you are able to hold depends on the hardware wallet you choose to use.

The most popular hardware wallets are Trezor and Ledger. Ledger, for example, is known to support a wide variety of altcoins on both of their models, the Nano S and the newer Nano X. Trezor, however, does not support popular altcoins like XRP, Cardano, EOS or Monero on its popular Trezor One model. It does, however, support them on their advanced Model T.

The important thing to confirm when choosing your hardware wallet is that it supports Ethereum-based tokens, as it is the most popular platform for developers to create their token.

For a complete comparison of hardware wallets, including altcoin support, visit the link in the description below.

Have a question you want us to answer? Just leave it in the comment section below. And if you want to support our videos, consider using the Brave browser for faster, ad free browsing that can also earn you rewards. Just visit the link in the description below.

That’s what’s happened this week in Bitcoin. See you next week.

Source: https://99bitcoins.com/bitcoin-news-summary-aug-10-2020/

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Number of Bitcoin Cash Whales Drop Following 39% Price Surge

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Following a 39% price surge at the end of July, at least 10 Bitcoin Cash whales have left the network, possibly trading or selling their millions in holdings. 

According to Crypto Twitter user Ali Martinez, data from analytics site Santiment shows the number of investors holding between 10,000-100,000 Bitcoin Cash (BCH) — roughly $3-30 million — has fallen by 10 since Aug. 1. The drop comes after the token surged 38.7% from $224.46 on July 17 to a three-month high of $311.34 on July 31, implying that a number of whales could have sold their holdings.

BCH continues to be the fifth largest crypto asset by market capitalization at $5.6 billion, with Chainlink (LINK) trailing at $4.6 billion. At the time of writing, Bitcoin Cash is trading at $307.84, having risen 3% in the last 24 hours.

Adjustments to BCH difficulty algorithm

Bitcoin Cash uses the SHA256D algorithm — the same as that used by Bitcoin. However, its hashing power is less than 5% of that of Bitcoin, which has sometimes left it vulnerable to a 51% attack.

In response, the BCH community has floated changing the algorithm as part of the network’s November upgrade. Cointelegraph reported on Aug. 7 that developers have worked out a compromise between two proposed solutions. The network will implement the ‘Aserti3-2d’ difficulty adjustment proposed by lead BCHN maintainer Jonathan Toomin, and an infrastructure funding plan.

Source: https://cointelegraph.com/news/number-of-bitcoin-cash-whales-drop-following-39-price-surge

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