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Showing posts from August, 2020

A New Bitcoin Spring: Here Are the Factors Driving an Imminent Bull Run

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There have been several forecasting models that have predicted that the price of bitcoin will reach $20,000 this year. Although several investors are skeptical and are hoping this won’t end up like the last bull run in 2017.The new upswing in the price of Bitcoin is influenced by a confluence of factors, making it different from similar trends. These factors include the following:HODL wavesHigh hash rate Crypto influencers
Read Also: How The Binance P2P Platform Works
HODL WavesAccording to Philip Swift, Bitcoin web portals analyst, the ‘hodl waves' chart shows how a Bitcoin bull run could be imminent. He tweeted that 60% of all Bitcoin in circulation hasn't moved in twelve months.He also added that the last time this was seen was in 2016, only a few months before the start of the 2017 Bitcoin bull run.Glassnode, a blockchain data intelligence provider, asserted in one of its weekly publications that “this clear hodling behavior is macro bullish for Bitcoin, supporting the narra…

The Chainlink Emergence: Opportunities and Prospects

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As is common in emerging markets, every now and then a new project or offer appears with the intent of completely taking over or reshaping it. While the first half of 2020 was quite slow, a particular project gained a lot of momentum during that time: Chainlink.What is Chainlink?Unlike most projects in the blockchain area, Chainlink is not yet another blockchain. Rather than trying to reinvent the wheel, Chainlink joins a small set of projects whose main goal isn’t to become the de-facto blockchain, but to improve already existing ones.To do this, Chainlink has tagged itself as an “oracle middleware.” In order to understand what this means, we should know what each of those words mean in the blockchain world.MiddlewareA middleware in tech is a piece of software that’s used to link two or more otherwise separate systems. In blockchain, middlewares are often seen in projects attempting to bridge together different blockchains or different versions of a single blockchain.OraclesAn oracle…

How The Binance P2P Platform Works

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Quick IntroductionP2P stands for Peer to Peer, and it is a form of networking that has applications extending even beyond cryptocurrencies. P2P networks allow people to directly carry out transactions with each other without a third party having to mediate. Of course, there has to be a platform facilitating the interactions between participants in the P2P network and overseeing security and maintenance, but that's where it ends. The actual transactions are between participants and do not need the oversight of the platform managers.BinanceCreated in 2017, Binance has grown to become the world’s largest cryptocurrency exchange with a $1.3 market capitalization. There are various activities which can be performed on the platform. Users can share, buy, trade and store all cryptocurrencies and stable coins on the Binance platform. The first step is creating a wallet by signing up.Creating a WalletThis is a simple step that can be taken by visiting the Binance website. All you have to d…