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Morgan Stanley Considers Acquiring Bithumb Crypto Exchange

Morgan Stanley considers acquiring the Bithumb crypto exchange according to a report by a South Korean media outlet that we have in our crypto news today. The news surfaced two days after the American banking giant decided to offer BTC funds to its clients via its traditional investment platform. BTC surged above $61,000 on the […]

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Morgan Stanley considers acquiring the Bithumb crypto exchange according to a report by a South Korean media outlet that we have in our crypto news today.

The news surfaced two days after the American banking giant decided to offer BTC funds to its clients via its traditional investment platform. BTC surged above $61,000 on the high institutional demand, which is an increase of more than 1500% from the March low. It seems that the report from the Naver media outlet revealed that Morgan Stanley considers acquiring Bithumb, suggesting that the bank will invest up to $442 million into the exchange based on the comments from an exchange representative.

Morgan Stanley entered a discussion with Bident which is an entity that holds a 10.3% stake in Bithumb to acquire the stakes in the exchange. Bident is a KOSDAQ company that saw its share surge one day after the prospects of its potential deal with Morgan Stanley. The reason the bank used Bident is quite clear especially since Bident has the right to negotiate a preferred sale to purchase Bithumb Holdings as one source commented.

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Market analyst Joseph Young revealed in a tweet that Morgan Stanley could bid $2 billion for Bithumb adding that the global investment giant’s deal with South Korea’s crypto exchange seems unprecedented due to the institution’s interest in the BTC space. The comments appeared right as CNBC reported that the bank has an interest in offering three BTC funds to its wealthy clients via its traditional investment infrastructure:

“Two of the funds on offer are from Galaxy Digital, a crypto firm founded by Mike Novogratz, while the third is a joint effort from asset manager FS Investments and bitcoin company NYDIG. Morgan Stanley’s announcement to offer bitcoin to their clients ($5T) in April ushers in a new era. A tidal wave of money is about to flow into bitcoin. Every major bank will follow. Nothing will ever be the same.”

BTC increased by more than 1500% in the past 12 months as it hit the highest levels above $61K when the investors started exploring the cryptocurrency for its anti-inflation features. The bulls anticipated that the exchange rate will reach $100K by the years’ end especially since Tesla added $1.5 billion worth of BTC to its balance sheets.

DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]

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Source: https://www.dcforecasts.com/about-dc/morgan-stanley-considers-acquiring-bithumb-crypto-exchange/

Blockchain

Experience HERC Technology Live at Blockchain Futurist Conference by Tracking the Produce, Artwork, Insurance and Collectables Onsite

One of the emerging strengths of the blockchain platform is how it enables agricultural companies to track the produce supply chain from farm to table. This is key in an era when frequent reports about tainted food and E. coli outbreaks have heightened concerns over food sourcing. Blockbuster marketing and strategy firm Untraceable recognizes this … Continued

The post Experience HERC Technology Live at Blockchain Futurist Conference by Tracking the Produce, Artwork, Insurance and Collectables Onsite appeared first on CryptoCanucks.

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One of the emerging strengths of the blockchain platform is how it enables agricultural companies to track the produce supply chain from farm to table. This is key in an era when frequent reports about tainted food and E. coli outbreaks have heightened concerns over food sourcing. Blockbuster marketing and strategy firm Untraceable recognizes this technological power and has harnessed it as preparations are made for the second annual Blockchain Futurist Conference, which will take place Aug. 13-14 at Toronto’s premier Rebel Entertainment Complex & Cabana (http://nnw.fm/9gmQb).

Last year, more than 2,300 participants helped inaugurate the multi-day event, which celebrates blockchain technology and its game-changing usefulness for industries of all stripes as they try to manage distribution networks, labor efficiencies, product inventories and more. Conference goers are expected in even greater numbers at this year’s event, and the Futurist Conference will, of course, include food venues for these attendees. While doing so, Blockchain Futurist will simultaneously showcase facets of the blockchain’s transformative power, including the ability to verify the origin of produce.

Catering company Caterable (word play on the term “traceable”) will make history during Blockchain Futurist as the first catering company on the blockchain. Throughout the conference, Caterable will utilize the blockchain prowess of HERC.one (one of the event’s title sponsors) by putting produce and more on HERC’s platform (http://nnw.fm/9qCaM) to verify the provenance of the food being served during Blockchain Futurist. Caterable will provide breakfast on both days of the conference as well as signature nut mixes, snacks and more, and attendees will be able, through the power of the blockchain, to verify the origins of these food items on offer.

HERC will also play other significant roles at the conference. In addition to creating supply chain transparency for food served at the event, HERC is creating non-fungible tokens for the live artists who will share their talents during the conference as a certificate of their involvement, using proof of human work to validate transactions. Each conference goer will additionally receive a non-fungible token as a certificate of their conference attendance. HERC will also put the conference’s insurance documents on the blockchain.

The conference’s aim is to create the ecosystem of a miniature world within the walls of the conference. As an environmentally responsible gathering, the event will promote reuse where effective, compost of disposables, plastics reduction and generally effective disposal systems, recognizing that the world’s waste products also fill a sort of supply chain that, too, often causes harm to plants and animals.

HERC CEO Anthem Blanchard and CTO Logan Ryan Golema will be among the dozens of crypto pioneers, business executives, financial industry insiders and entrepreneurs pegged to speak at the event.

The conference venue, the luxurious Rebel Entertainment Complex & Cabana, provides an ideal setting for networking opportunities and for companies to demonstrate who they are and what they’re doing within the blockchain realm.

For more information about Blockchain Futurist, including ticket registration, visit www.futurist19.com. Discounts are available when purchased with crypto. Bulk purchase of VIP tickets (4) includes your own cabana!

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Disclaimer: CryptoCanucks.com is not intended to provide tax, legal or investment advice, and nothing on CryptoCanucks.com should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any asset by CryptoCanucks.com or any third party. You alone are solely responsible for determining whether any investment, asset or strategy, or any other product or service, is appropriate or suitable for you based on your investment objectives and personal and financial situation. You should consult an attorney or tax professional regarding your specific legal or tax situation.

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Source: https://cryptocanucks.com/experience-herc-technology-live-at-blockchain-futurist-conference-by-tracking-the-produce-artwork-insurance-and-collectables-onsite/

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Blockchain

Mining Bitcoin: How to Mine Bitcoin

Introduction to Bitcoin Mining Mid-19th century California gold miners were called “forty-niners” after the year 1849, but this rush actually spanned from 1848-1853; it took five years for a quarter-million people to flood the state in search of “free wealth”. Satoshi Nakamoto first published the white paper on cryptocurrency back in 2008, and Bitcoin was … Continued

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Introduction to Bitcoin Mining

Mid-19th century California gold miners were called “forty-niners” after the year 1849, but this rush actually spanned from 1848-1853; it took five years for a quarter-million people to flood the state in search of “free wealth”. Satoshi Nakamoto first published the white paper on cryptocurrency back in 2008, and Bitcoin was launched in 2009. Today, in 2019, there are at least a million bitcoin miners around the world. A single bitcoin (or “1 BTC”) is worth almost $10,000, give or take a few hundred dollars, and there are around 1,800 new bitcoins mined every day, meaning there’s a whopping $18,000,000 being ‘created’ every day.

Not bad for ten years. No wonder everyone wants to learn how to mine bitcoin.

A Brief History on Money

Cryptocurrency is math that can be used as money.

Money is, fundamentally, an accounting of debt; you owe someone for a good or service, and giving them money erases that debt. Banks are giant ledgers, accounting for every transaction – when you paid for your coffee, this “ledger” sees that you lost $2 and the coffee shop gained $2.

Paper dollar bills do not record this specific transaction – who lost and who gained those $2 – but they act as evidence of a transaction having taken place at some point. In fiat currency, a state is the ultimate arbiter or holder of all the debts – and the one that mints, or makes, the currency in the first place. They account for how much currency they put out, and approximately how much is present now; the only road bump being that they do not know every transaction in between.

In cryptocurrency, no one person or entity controls a central ledger, because this “ledger” is effectively on every computer connected to the network of that currency; everyone has it. Since each unit of the cryptocurrency is composed of math, as opposed to physical substances like paper or gold, this math effectively records every transaction

So Where Does it Come From?

Fiat currencies are “made” (or rather, minted) by states, and accounted for by banks, but these currencies are often directly or indirectly made from precious metals that are mined from the Earth – which is why so many people flooded California in the mid-19th century. Minting is a middle step between the mining and the currency.

Cryptocurrency cuts out that middle step; bitcoin is “minted” and made from BTC mining.

If bitcoin is commercialized math, then mining is the process of solving all its equations. A common, yet accurate, joke explanation is, “imagine if you could solve puzzles, then use those solved puzzles as money”. Bitcoin is that, but on a much larger and astronomically more complex scale; bitcoin mining is both the process of solving puzzles, and the process of verifying other solves puzzles.

That said, these “puzzles” (called “blocks” in BTC mining) are operating on a very complicated scale. BTC mining is basically the process of racing to correctly the correct number out of 115,792,090,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000 possible options – and doing so hundreds, thousands, maybe even millions of times a day. This takes some pretty hefty computing power.

How to Mine Bitcoin

Despite a lot of chatter about bitcoin mining software, it is really a matter of hardware; software is just the most accessible way to access this hardware.

“Winning” or solving – and receiving payout for – is a combination of computational power and a bit of luck. If you accomplish this, you can get about 12.5 bitcoins, though starting in 2020, that will become 6.25. The number of bitcoins you receive for solving a block cuts in half every 210,000 blocks – which is roughly every four years, since the blocks get more and more complicated over time. This will keep going until 21 million bitcoins have been mined, a cap built into the system. There are currently only 3.17 million bitcoin left to be mined.

How to Mine Bitcoin in the Hard(ware) Way

There are two types of “miners” you can buy: application-specific integrated circuit (ASIC) or graphics processing unit (GPU). These are not only very expensive to buy, but they also take up a lot of electricity and require a powerful network connection. This is why mining calculators exist – these are various apps and sites into which you can input details on your miner, your power cost, and your network cost, to figure out how much profit (if any, even) you will turn.

It is usually pretty low, and these days, mining with your own hardware is only really advised for people who already happen to have lots of hardware and great network on hand, and would not need to go out of their way to get those.

That just leaves…

How to Mine Bitcoin With Bitcoin Mining Software

At 12.5 BTC per block, when bitcoins are worth $10,000 each, that’s $1,250,000 on the line every time you are competing with other miners to “guess the right number” first. This takes far more computer power than most people can afford on their own.

As such, the most common way to get in on BTC mining is to join a collective of miners and “rent” the mining tools – known predominantly as cloud mining.

The biggest advantage is that there is a much lower barrier to entry when you cloud mine bitcoins. The biggest disadvantage is that instead of getting the reward all to yourself, you are splitting those bitcoins with other people, and typically a lot of them. Winning a million dollars doesn’t mean as much when you’re splitting it with a million people.

Step 1: Choose Your Wallet

Before you start working for a job, you want to know how you will be getting your pay. By the same token, before you start mining for bitcoins, you should know where you will keep your bitcoins once you earn them.

Online wallets are typically the most convenient, and easiest to use. They are also typically the most efficient for actually using your bitcoins to purchase goods and services, and you will have your bitcoins even if you lose all your devices. That said, this does put you in a similar position with a bank. If the host is experiencing heavy traffic or DDOS attacks, you may not be able to access your funds, and if they are hacked, you can lose your bitcoins entirely.

Hardware wallets are the opposite extreme. As physical objects, are completely offline, and thus cannot be hacked or otherwise remotely attacked. As long as you have your hardware wallet and a device to access it with, you will be able to access your funds. But what you gain in remote security is lost in personal security; if you lose your device or it’s physically stolen from you, you lose your bitcoins.
The middle-ground between these is “software wallets” or “desktop wallets” (though these can also be mobile apps). These are on your local device, so even if exchanges go down or are attacked, you still have your bitcoins, and the only way you can lose them to remote exploitation is if you, the specific individual, are targeted and hacked, which is very unlikely. But, it can still be used to conduct transactions and otherwise go online as necessary. That said, this is also vulnerable to loss if you lose your physical device (i.e. if someone steals your computer).

Step 2: Find Your Cloud

Mining companies are the computing clouds or collectives of miners. While joining such a company might be couched in terms of renting the hardware, another way to look at it might be that you are investing.

The amount you invest, or the rate at which you rent, is known as a “mining package”, which you pick once you join a mining company. You can also invest ahead of time in new technology that will be coming out at a later date. That said, investing in something that doesn’t exist yet is always a heavy risk.

There are many sites in which you can find comparisons between companies, including user ratings and reviews. Be careful with the
reviews – while they can be insightful, many are also full of people attempting to get new ‘recruits’ specifically with referral codes, which will net the refer-er a small bonus or profit.

Step 3: Pick Your Pool

A “pool” is basically the team of miners that you choose to join up with, and contribute your invest or computing power. If you are just starting out mining bitcoins, you should start by joining an “older” (or rather, more established and vouched-for) pool, and perhaps one with lower fees. The payout or profit from these will usually be on the low side, but they are also less risky.

As you get the hang of bitcoin mining and learn how pools work, you can start venturing out to other pools that aren’t as established and carry higher risks, but also higher rewards.

Buy Bitcoin, Ethereum, XRP, and other cryptocurrencies on Coinsquare, the world’s home for cryptocurrency.


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Source: Coinsquare: Mining Bitcoin: How to Mine Bitcoin

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Disclaimer: CryptoCanucks.com is not intended to provide tax, legal or investment advice, and nothing on CryptoCanucks.com should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any asset by CryptoCanucks.com or any third party. You alone are solely responsible for determining whether any investment, asset or strategy, or any other product or service, is appropriate or suitable for you based on your investment objectives and personal and financial situation. You should consult an attorney or tax professional regarding your specific legal or tax situation.

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Source: https://cryptocanucks.com/mining-bitcoin-how-to-mine-bitcoin/

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Binance Coin price prediction: BNB to recover $550

Tl;DR Breakdown Binance Coin price expected to BNB faces resistance at the $ mark The closest support level lies at $ After finally climbing past the $570.00 mark, Binance coin price failed to continue its bull rally, and the price has stagnated ever since and has dropped to $510.00. While the price at press time […]

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Tl;DR Breakdown

  • Binance Coin price expected to
  • BNB faces resistance at the $ mark
  • The closest support level lies at $

After finally climbing past the $570.00 mark, Binance coin price failed to continue its bull rally, and the price has stagnated ever since and has dropped to $510.00. While the price at press time holds at $510.00, the bearish pressure is very strong, and the price may fall further in the immediate future if the selling continues.

The broader cryptocurrency market enjoys a bullish sentiment across the last 24 hours, with most major cryptocurrencies recording profits across the timeframe. Major Players include DOGE and XRP that record a 43.86 and a 16.01 percent increase, respectively. Meanwhile, Bitcoin and Ethereum record a 5.80 and a 7.99 percent hike, respectively.

Technical indicators for BNB/USDT

Binance Coin price prediction: BNB to recover $550 1

Across the technical indicators, the MACD exhibited a bullish reversal today and has remained bullish since, according to the dark green histogram. Although the indicator is still just below $-5.00, both EMAs are moving upwards. The 12-EMA is above the 26-EMA and continues diverging, suggesting an increasing bullish momentum at the time of writing.

The RSI is currently trading in the neutral zone, a little below the 50.00 mark, and the indicator has been trading in the neutral zone since yesterday. At press time against the bullish momentum in the previous hours, the indicator has seen a spike towards the oversold region, suggesting a sharp bearish reversal.

The Bollinger bands are currently wide but show convergence as the price oscillates around the $510.00 mark. The price is currently returning to the mean point, suggesting further convergence. At press time, the indicator suggests a further drop in volatility for the Binance price.

Overall the 4-hour technical analysis issues a buy signal with 12 of the total 26 major technical indicators suggesting their support for a bullish movement. On the other hand, only four indicators issue sell signals suggesting a bearish retracement. Meanwhile, ten indicators sit on the fence, issuing no support for either side of the market.

The 24-hour technical analysis shares this sentiment and also issues a buy signal with 14 of the 26 indicators suggesting a bullish movement against only three indicators suggest a bearish retracement. Meanwhile, nine indicators remain neutral and do not issue any signals at the time of writing.

What to expect from Binance Coin price?

Binance Coin price prediction: BNB to recover $550 2

Traders should expect the Binance Coin price to continue its recovery as the price rises towards the $550.00 mark once again. The positive technical indicators and the supportive technical analyses suggest a bullish breakout from the level as the price continues its rise to the $600 mark.

However, the Binance Coin price faces resistance at the $530.00 mark, which prevents the bulls from gaining momentum. However, the selling pressure is relatively low, and the bulls may break above in the next few hours.

On the off chance that the Binance Coin price action is rejected at the level, Binance Coin price finds support at the $500 mark and further below at $480.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.cryptopolitan.com/binance-coin-price-prediction-2021-04-19/

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Refinable as the First Binance-Exclusive IDO on Polkastarter

Refinable has the distinction of being the very first marketplace for non-fungible tokens on the Binance Smart Chain. It has the backing of Mr. Beast and Binance, and the marketplace is specifically aimed to help investors accomplish a variety of functions with NFTs in an easy and hassle-free manner. It allows investors to trade and …

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Refinable has the distinction of being the very first marketplace for non-fungible tokens on the Binance Smart Chain. It has the backing of Mr. Beast and Binance, and the marketplace is specifically aimed to help investors accomplish a variety of functions with NFTs in an easy and hassle-free manner. It allows investors to trade and leverage their market positions while allowing the developers and creatives to create and discover NFTs. The vision of Refinable is to offer the next generation of the platform capable of processing digital transactions with desirable effectiveness and efficiency.

And now, adding another feather to its well-adorned cap, Refinable will become the very first Polkastarter IDO that will make its debut on the Binance on April 23, 2021. Polkastarter is a platform that helps the project to raise capital and is built for the auctions and token pools on the cross-chain.

Refinable as the First Binance-Exclusive IDO on Polkastarter

Expressing positive sentiments on this partnership, co-founder and chief executive officer of Polkastarter, Daniel Stockhaus, said that their organization was thrilled to make the platform available for the community of Binance. The entry of the Refinable is just the first step, and in the future, more such project will make their way into the very vibrant ecosystem of the Binance Smart Chain.

It is important to note that very recently, Polkastarter has started trading on the Uniswap and PancakeSwap, thanks to the bridging of its token, $POLS with Binance. Now the communities of both platforms can easily bridge their tokens using the app of Multichain.xyz.

The performance credential of the Polkastarter can be easily estimated from the fact that this capital-raising startup has raised $13.2 million for more than 40 projects in just 4 months in the past. On April 23, a total of 500,000,000 $FINE tokens will be distributed by Refinable in two different pools before making its token listing on the PancakeSwap.

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Source: https://www.cryptonewsz.com/refinable-as-the-first-binance-exclusive-ido-on-polkastarter/

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