Ethereum Update: Amazon Purchases in The Radar, +60% Growth this Month, ETH 2.0 by Early 2020s

Ethereum is having a very positive week, not in terms of prices but also in terms of usability and technological evolution.

Ether (ETH) Looking Good On Charts

Ether (ETH) —the blockchain’s native cryptocurrency— is having a phenomenal performance so far in June. An increase of 63% following the trend established by Bitcoin (BTC) has caused the to reach 270$.

Ethereum has shown a +60% gain this month
Courtesy: Coinlib

The token’s behavior follows the bullish trend that began last May, after a correction experienced at the beginnings of June due to the sharp fall of Bitcoin (BTC) prices —attributed by several analysts to a practice of price manipulation.

However, after approaching $226,
ETH managed to recover, starting again a strong escalation replicated by other
.

The Heikin Ashi candles allow reducing the “noise” in the graphs, showing a clear bullish trend after reaching the lowest prices of the month. This trend is confirmed by nice MACD that shows a possible end of the correction and an optimistic future for the Ethereum Market.

Ethereum 2.0 to be Launched on
the 3rd of January 2020

According to information by Trust Nodes, the Ethereum development team has already set a date for the release of the long-awaited Ethereum 2.0: January 3, 2020.

Vitalik Buterin Speaking about Ethereum 2.0 at San Francisco

Justin Drake –one of the developers– chose that date for several reasons, one of which was that wanted to honor the of the Bitcoin (BTC) genesis block on January 3, 2009.

The evolution of Ethereum has several characteristics, however the most important is the migration from a PoW algorithm to a brand new Proof of Stake alg. With this, the blockchain would be more effective, resource efficient and more resistant to possible 51% attacks — at least theoretically.

The “transition” process could start between October 8th and 11th of this year at Devcon, although there are already some Ethereum 2.0 clients running testnet.

As reported by Crypto Crimson, it is expected that once implemented -and with all parallel developments fully operational- Ethereum will be able to support about 1 million transactions per second.

Using Ethereum (ETH) for Amazon Purchases Will be Possible Thanks to a Partnership Between CLIC Technology and Opporty

An official press release shared by CLIC Technology revealed that they partnered with Opporty to work on the development of a browser extension “which will revolutionize the e-commerce industry, allowing consumers to make everyday purchases on Amazon using the open source, public, blockchain-based distributed computing platform Ethereum.

Roman Bond, CEO at CLIC
Technology shared his enthusiasm at the possibility of promoting the e-commerce
marketplace and the adoption of cryptocurrencies:

“Bringing cryptocurrency to the e-commerce marketplace is the merging of two next-generation industries … We’re excited to be working on this project with Opporty, and to move forward on a number of other ambitious projects with them as well.

As reported by Ethereum World News; last month, the tech startup Moon announced the development of an extension that allows payments on Amazon with Bitcoin (BTC) through Lightning Network.

Insurer L&G Uses Amazon Blockchain Service for Pension Deals

Legal &038 General has turned to ’s services to it claims is the blockchain system for bulk pension deals.
: cryptscout
Insurer L&G Uses Amazon Blockchain Service for Pension Deals

Related posts

Amazon Signs Deal with Legal & General for ‘First Ever’ Blockchain Pension System

Amazon Signs Deal with Legal & General for 'First Ever' Blockchain Pension System submitted by /u/SaneFive
[link] [comments]


Source: CryptoCurrency
Amazon Signs Deal with Legal & General for ‘First Ever’ Blockchain Pension System

Related posts

Legal & General Partners With Amazon to Use Blockchain for Pension Deals

n Legal &; partnered with to make of its Amazon Managed Blockchain service for recording and updating annuities transactionsn
Source: cryptscout
Legal & General Partners With Amazon to Use Blockchain for Pension Deals

Related posts

Legal & General Partners With Amazon to Use Blockchain for Pension Deals

n &; partnered with to make of Amazon Managed service for recording and updating bulk annuities transactionsn
: cryptscout
Legal & General Partners With Amazon to Use Blockchain for Pension Deals

Related posts

Tesla & These Two Tech Stocks Are the Nasdaq’s Hidden Gems

By CCN: The Nasdaq-100 Index may have topped – for – leaving big names such as Apple Inc (AAPL) and Amazon (AMZN) vulnerable to the fury of the bears. Nevertheless, not all stocks in the index have a bleak short- outlook. Several t
: bitrss
Tesla & These Two Tech Stocks Are the Nasdaq’s Hidden Gems

Related posts

50% Stock Surge Could Launch Amazon to $1.3 Trillion Valuation: Prominent Analyst

Coinspeaker
50% Stock Surge Could Launch Amazon to $1.3 Trillion Valuation: Prominent Analyst

Get ready Amazon investors because this little stock could surge more 50% if it’s to believe what Michael Levine, a senior analyst with New York equity-research firm Pivotal Research Group, has to say.

It was pretty much up at May the 3rd but ’s stock has actually been quietly falling about 8%. However, this stock’s decline hasn’t gained much attention due to rising trade tension headlines. That could be changed. Some bullish options bets suggest the stock may be about to rise to $1,970, and so does the technical chart, which suggests a climb to as high as $2,025.

Levine initiated coverage of Amazon with a Buy rating and a $2,750 price target. That’s 50% higher than Tuesday’s close of $1,836. Levine’s target is also 23% above the average analyst price target of $2,229 according to FactSet.

Michael Levine’s outlook reminds us of the optimism expressed by billionaire investor Warren Buffett. Earlier, this month, Buffett revealed that he now owns Amazon stock and was “an idiot” for not investing in the e-commerce giant sooner.

Buffett said he regretted underestimating Jeff Bezos and his relentless will to win.

“I’ve been an idiot for not buying [Amazon stock sooner].”

Amazon stock was down 1.1% Wednesday afternoon to $1,819 a bit behind a 0.9% loss and a 0.7% loss in the Dow Jones Industrial Average and the S&P 500, respectively.

Wall Street is uniformly bullish on Amazon. All 46 analysts tracked by FactSet have a Buy (or equivalent rating) on the stock.

However, the company reported earnings per share of $7.09 in the first quarter, blew away analysts’ consensus earnings estimate of $4.72. Operating income also popped to $4.4 billion, outpacing the high end of management’s guidance of $3.3 billion for the quarter.

Surprisingly, investors didn’t exactly respond enthusiastically to the company’s first-quarter results. Amazon’s stock price didn’t budge much after the quarterly report was released, which likely indicated that some investors were concerned that Amazon’s sales only grew by 17% year over year, which was the second sequential quarter of slowing revenue growth.

Levine said that Amazon has the highest quality management and franchise within global internet and is therefore “a must-own name with huge upside even from here.

“That’s because the company’s Amazon Web Services (AWS) cloud business will surprise investors with growth. Amazon’s move towards one day shipping is a significant step to owning the consumer’s wallet. Despite deceleration, it remains the most open-ended story in large cap tech.”

He also noted that there was an inherent tension between using more website real estate for advertising versus using it to drive more important long-term initiatives such as Echo devices, Prime usage, etc. that enhance the customer experience and proposition for Amazon users.

“Amazon has been in the advertising business for well over a decade, and there are likely very good reasons why have not ramped up faster.”

Amazon’s “Substantial Growth Ahead”

Levine claims that there is a substantial growth ahead.

“Amazon will grow ads from an estimated $3.5 billion in revenues in 2016 to $12.5 billion in 2019. We view the business as highly complementary to Amazon’s retail business, but not the golden goose big bulls think.”

Levine’s price target would value the company at $1.35 trillion.

The truth is that Amazon has expanded quite a bit from a relatively simple online bookseller. Its cloud computing business, Amazon Web Services, may be worth more than its core retail business. And investors are for sure very excited about the prospects of its burgeoning ad business.

But the market may be undervaluing its core retail business, according to Michael Olson, an analyst at Piper Jaffray. He says the market is valuing Amazon’s retail operations more like Walmart’s or Costco’s and less like Alibaba’s or eBay’s . Valuing it in line with its online competitors could result in a half-a-trillion-dollar difference. Olson saw Amazon’s stock price going to $3,000 per share within two years as the market realizes the value of Amazon’s retail business.

50% Stock Surge Could Launch Amazon to $1.3 Trillion Valuation: Prominent Analyst


: coinspeaker
50% Stock Surge Could Launch Amazon to .3 Trillion Valuation: Prominent Analyst

Related posts

Nasdaq and Estonia’s DX Exchange To Launch Ethereum Tokenized Stocks

Nasdaq

Nasdaq has partnered with an Estonian digital trading platform to the first Ethereum tokenized regulated under European Union laws on January 7.


EU Regulated Trading On Ethereum

In a release Thursday, DX Exchange confirmed it would offer users the option to trade big-name stocks using on the Ethereum blockchain via smart contracts.

The product of a multi-way partnership, the launch will make DX the only exchange licensed to offer tokenized stock products in the EU.

“Digital stocks combine the best of both worlds: blockchain technology and traditional stock investments,� the release reads.

Digital stocks are backed 1:1 to real-world stocks traded on conventional stock exchanges. You purchase tokens for leading assets that you choose to invest in, such as Google, Amazon, etc. Therefore, when you are a token holder, you own shares of the company.

DX stressed that the new stocks were tantamount to physical exposure, in contrast to trading contracts for difference (CFDs).

https://platform.twitter.com/widgets.js

Another Crypto Outlet For Nasdaq

To realize the project, the exchange has partnered with Nasdaq and will use its Financial Information exchange (FIX) protocol, in line with the majority of US firms active in the market.

The stocks to back the tokens will be acquired by “exclusive� partner MPS MarketPlace Ltd.

The company “issues tokens that represent stocks on (the) Ethereum blockchain via smart contracts, and buys and holds real-world stocks according to demand,� DX explains.

…The tokens offered for sale will be based on leading public company shares listed on the biggest exchanges like NASDAQ, NYSE, Hong Kong Exchange and Tokyo Stock Exchange.

Nasdaq itself is rumored to begin offering Bitcoin futures in the first half of this year, while New York Stock Exchange owner Intercontinental Exchange is still on track to launch physical futures contracts later in January.

This meanwhile also saw Galaxy Digital founder and CEO Mike Novogratz increase his shareholder stake to 80 percent of the cryptocurrency merchant .

What do you think about DX Exchange’s tokenized stocks? Let us know in the comments below!


Images courtesy of Shutterstock

The post Nasdaq and Estonia’s DX Exchange To Launch Ethereum Tokenized Stocks appeared first on Bitcoinist.com.


Source: bitcoinist
Nasdaq and Estonia’s DX Exchange To Launch Ethereum Tokenized Stocks

Related posts

BTC Price Historic Yearly Lows Reveal How Bitcoin ‘Hodlers’ Are Created

BTC price is currently sitting at yearly lows though it is still around 400 percent higher than 2017’s low. In fact, a historic look at yearly lows reveals the massive Bitcoin price gains and how ‘hodlers’ are potentially created. 


BTC Price: A Different Perspective

2017 was the year of all-time highs (ATH) values in cryptocurrencies. Bitcoin (BTC) 00, the world’s leading cryptocurrency in terms of market capitalization, an unparalleled bull- resulting in an ATH value of about $20,000.

2018, on the other hand, was a year of a prolonged bear market. The market’s forerunner saw a steep of about 80 percent.

While everyone seems to be fixating on the ATH and whether we’ll reach them again, Twitter user @1stCrassCitizen, however, takes a different perspective. He writes:

I’ve been saying it for years. Don’t look at ATH’s, look at yearly lows. That will tell you the growth in hodlers.

  • 2012 – $4
  • 2013 – $65
  • 2014 – $200
  • 2015 – $185
  • 2016 – $365
  • 2017 – $780
  • 2018 – $3200

That tells you the growth in the people who won’t sell at any price.

Massive Gains in 2 Years or Less

The above shows that long-term ‘hodlers’ should historically very well despite the relatively short-term declines in Bitcoin’s price.

BTC price yearly lows

Relative to today’s price, this is especially true for people who have bought in 2016 or earlier. Regardless of whether they bought at the bottom or at the yearly high, these ‘hodlers’ have still at least 1000% returns in USD terms.

Going further, Bictoinist recently reported that Bitcoin has increased in value with than 82,000 percent in the last seven years, outperforming even stocks like Amazon (AMZN) over the period.

The cryptocurrency’s moving average is also 0.325 percent in the positive.

Will 2018’s $3,200 price set the floor for hodlers moving forward? Share below! 


Images courtesy of Shutterstock

The post BTC Price Historic Yearly Lows Reveal How Bitcoin ‘Hodlers’ Are Created appeared first on Bitcoinist.com.


Source: bitcoinist
BTC Price Historic Yearly Lows Reveal How Bitcoin ‘Hodlers’ Are Created

Related posts

European Exchange to Offer Investing in Stocks With Cryptocurrencies

European Exchange to Offer Investing in Stocks With Cryptocurrencies

Cryptocurrency holders who for ways to diversify their portfolios into other markets are about to get a new option for doing so. A regulated European platform, DX Exchange, is set to offer investing in stocks using popular cryptocurrencies.

Also Read: Bakkt Completes First Round of Funding With $182.5 Million

Trade Tokenized Stocks With Crypto

European Exchange to Offer Investing in Stocks With CryptocurrenciesEstonia-based venue DX Exchange is set to launch trading on the tokenized stocks of some of the biggest public companies in the world, such as Google, Facebook and Amazon, on Jan. 7, 2019. And it accepts deposits in BCH, BTC, ETH, USDT, DASH, LTC, XRP and a few other cryptocurrencies as well as traditional fiat payment options.

This has been achieved through an agreement with MPS Marketplace Securities Ltd, which tokens that represent stocks via smart contracts and buys and holds the real world stocks according to demand on the platform. The “digital stocks� are to be backed 1:1 with the real-world stocks traded on conventional stock exchanges, stablecoins backed by equities rather than fiat. Unlike traditional stock exchanges, this arrangement allows the platform to offer its the ability to trade on stocks 24/7.

The regulated platform operates in full compliance with Mifid II (the latest EU financial regulations) which means it features a robust AML/KYC process.

Financial Venture

European Exchange to Offer Investing in Stocks With CryptocurrenciesDX Exchange holds operating licenses from the Estonian Financial Unit and reportedly employs over 70 developers in an R&D center in Israel. It is backed by NFX, a seed and series A focused venture capital firm based in San Francisco. Its partner, MPS Marketplace Securities Ltd. (previously named Spotoption Exchange Ltd) is a Cyprus licensed financial company which provides liquidity solutions for the online trading market.

The technology is built on Nasdaq’s Financial Information exchange (FIX), a vendor-neutral standard message protocol that defines an electronic message exchange for communicating securities transactions between parties. The platform also supports trading via an API, which means it can be easily integrated with market makers, liquidity providers, algo , and hedge funds.

Is investing in tokenized stocks likely to be a popular service with crypto holders? Share your thoughts in the comments section below.


Images courtesy of Shutterstock.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

The post European Exchange to Offer Investing in Stocks With Cryptocurrencies appeared first on Bitcoin News.


Source: bitcoin.com
European Exchange to Offer Investing in Stocks With Cryptocurrencies

Related posts