The World Economic Forum (WEF) has recognized six bitcoin investment firms on its list of 100 ‘early to growth-stage’ companies as Technology Pioneers for 2020.
According to the WEF’s website, the blockchain and crypto startups recognized for pioneering new technologies and innovations in 2020 are Lightning Labs, Chainlink, MakerDAO, Bitcoin analytics firms Elliptic, Latin America-based cryptocurrency startup Ripio, and Veridium Labs.
They’re among 100 companies from around the world chosen for their contributions to bleeding edge technology, from “artificial intelligence to diagnose cancers and quantum computing systems, to carbon capture and removing technologies, cell-grown meat production and use of microbiome to track goods”.
Using smart contracts on the blockchain to bring enforceable guarantees to contractual obligations has widespread social and economic benefits. We're proud to play a role in bringing accountability and automation to global and local economies, and we look forward to contributing to Forum dialogues on this challenge
According to Ki, a long-term correlation between exchange usage of the Bitcoin network and price performance says a lot about whale behavior.
The metric, fund flow ratio, shows how much of the Bitcoin sent on-chain involves exchanges.
Fund flow ratio implies that the more exchanges use the Bitcoin blockchain, the higher the price is.Ki highlighted activity in March, when BTC/USD quickly fell to lows of $3,600, as an episode which corroborates the theory. “On March 13, network usage for deposits and withdrawals on all exchanges hit 24% and continued to decline,” he noted.Using CryptoQuant data, March 13 showed a BTC/USD price of $5,611 and a fund flow ratio of 0.24. Since then, the price has increased, while the ratio has declined. Attention-seeking whale calls
What this also means is that whales tend to accumulate covertly at low prices, then sell conspicuously. Ki added: you need to try this bitcoin multiply service