Bitcoin traders were waiting for the price to drop to the support at $9,500 but this was not to be. Instead of dropping further, the price stabilized at the $9,800 level and continued its upward momentum. However, the next hurdle is the $10,400 area where Bitcoin currently finds resistance.
Miners now keep running the remaining old machines since a high bitcoin price at the moment (above $10,000 since the weekend) keeps such operations profitable, while waiting for new models to be delivered. While most mining farms remain open during the Chinese New Year, there have been incidents where mining farms were shut by local governments due to the Wuhan Coronavirus outbreak.
Sharding to Scale Ethereum 2.0 which is a database scaling solution. There are two reasons for which a database might need scaling. Too much load and too much data. In these cases, the database can be sharded.
Litecoin Foundation revealed that they entered into a strategic partnership with Cred to offer interests on LTC held as collateral. With this move, Cred clients get the chance to freeze up their holdings with Cred.
As more people and industry stakeholders will discover $CHZ in the next few days/weeks, it is time for a recap thread courtesy of Alexander Dreyfus.
What exactly is Chiliz CHZ?
References:
Bitcoin Price Rebounds Strongly
https://cointelegraph.com/news/bought-the-dip-bitcoin-price-rebounds-strongly-with-11-000-in-sight
Bitcoin’s Mining Difficulty Stagnates as Coronavirus Outbreak Delays New Equipment
https://finance.yahoo.com/news/bitcoin-mining-difficulty-stagnates-coronavirus-050000757.html
https://www.aljazeera.com/ajimpact/crypto-boss-sees-bitcoin-mining-shift-china-americas-200211192800474.html
Ethereum Price Explodes, Now Up 100% in 50 Days. 100K Validators Flock to Stress Test Lighthouse Ethereum 2.0 Testnet
https://cryptopotato.com/100k-validators-flock-to-stress-test-lighthouse-ethereum-2-0-testnet/
Litecoin Collaborates with Cred
https://www.altcoinbuzz.io/cryptocurrency-news/partnerships/litecoin-collaborates-with-cred/
Cliliz Founder Alex Dreyfus Recaps Chiliz and is getting excited about next ‘announcement’?
https://twitter.com/alex_dreyfus/status/1227535716512608258
https://twitter.com/alex_dreyfus/status/1227215094716805121
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