United States Securities Exchange Commissioner (SEC) Hester Peirce said at a recent summit that the DeFi economy had “real potential” for “revolutionary change” but that it would also challenge the current regulatory structure in several ways. Further detailing about the DeFi economy in the LA Blockchain Summit, Peirce stated that the many “governance tokens” emerging...Read More
A breakout above a crucial resistance level, maybe is witnessed for Ontology soon. A rising valley formation was hinting towards a price rise in the short-term. While for Polkadot the price action during the course of the day has been bullish. For Cosmos, the overall picture remained bearish with an eventual slide to its immediate support...Read More
At the time of writing, Bitcoin, the world’s most dominant cryptocurrency, was consolidating on the charts, with BTC attempting to cross the much-anticipated $11,000-mark again. This will be Bitcoin’s latest attempt after the crypto failed to breach the level last time. At the time, not only did BTC drop on the charts, but so did...Read More
As a part of an active Bitcoin and cryptocurrency education/awareness campaign, 350 members of the Spanish parliament (read deputies of Congress) have received a euro worth of BTC. This move mirrors the ‘Crypto for Congress Educational Initiative’ launched by the Washington-based Chamber of Digital Commerce to acquaint Members of the United States Congress with blockchain...Read More
With all eyes on the phased upgrade of Ethereum, the network has further decided to perfect its upcoming Eth 2.0 network. In that regard, Project lead of Ethereum 2.0, Danny Ryan announced a bug bounty program to incentivize Eth community and other bug hunters to find and report vulnerabilities. p.s. there are a few bounties...Read More
Daily charts showed bearish momentum in the market, with some digital assets settling just above key support levels. DASH and Stellar Lumens, ahead of a major downward move, were seen trading at their supports. While Litecoin, still waiting to claim its immediate support, might face an uncertain weekend in terms of its price action. High levels...Read More
Decentralized oracle network Chainlink’s Grant Program is making more than $100,000 worth of blockchain integration grants available to developers that fully integrate the smart contracts platform into new blockchains. So far, Chainlink has accepted the first integration proposal for the DeFi scaling provider Solana network, including its Serum project. The program is an addition to...Read More
For a lot of us, prison is a dark and scary place where no one wants to be… But we are not John McAfee. The software developer, tax evader, crypto-shiller, drugs user, whale-fucker, former US presidential candidate and crypto-shiller sent a statement to his followers sharing his experience in the Spanish prison after his arrest....Read More
Australian multi-millionaire and electronics entrepreneur Dick Smith has threatened to sue The Guardian Australia. Smith has alleged that the trustworthy media outlet has hosted fraudulent ads with fake interviews of him promoting a phony Bitcoin scheme. Aussie Entrepreneur Threatens The Guardian Impersonation scams are among the most perilous threats within the cryptocurrency community. Typically, the...Read More
80% of institutional investors believe that the recent Coronavirus-led quantitative easing policies adopted by Central Banks and governments could lead to a rise in inflation. In the next five years, most institutions would turn to Bitcoin to hedge against currency devaluation. Based on Evertas’s recent research report on institutional investment in crypto, between now and...Read More
Despite Bitcoin losing significant market share over the past six months, the world’s largest cryptocurrency continues to share a high correlation with the market’s altcoins. The same was evident when many of these altcoins fell on the back of Bitcoin’s own depreciation over the course of 1-2 October, with the likes of IOTA and CRO...Read More
CEO and co-founder of Blockstack, Muneeb Ali published an earnings model in a blog today that outlined how STX holders can estimate potential earnings when Stacks 2.0 launches on mainnet. Ali added that Stacks 2.0 will continue to use the proof-of-transfer (PoX) consensus protocol, currently in use on its testnet version. Moreover, the POX algorithm...Read More
It seems like the market is finally turning a little bullish. Bitcoin pushed its own price above $11k and other altcoins were appearing to push their respective valuations as well. Bitcoin SV has registered 3 consecutive green candles over the past three days, taking its valuation above $165. With the trend reaching a possible breakout...Read More
Most digital assets recorded positive gains on their daily charts today, as the bulls controlled the market. Bitcoin Cash and EOS remained delicately poised just under their resistance levels following a week-long consolidation. DigiByte, on the other hand, having breached its resistance was in for another possible bullish move over the weekend. Bitcoin Cash [BCH]...Read More
Another week has passed, and it’s safe to say it was an intense one. First things first, the major headline is that the US Commodity and Futures Trading Commission (CFTC) charged the owner-operators of 100x Group, the parent company of BitMEX, with illegally running a derivatives exchange. Needless to say, BitMEX is one of the...Read More
The current regulatory concerns around Bitcoin must be paid close attention to, especially for the individuals in the countries that have unclear regulations. Recently, the Financial Conduct Authority [FCA] banned the sale of derivatives and exchange-traded notes (ETNs) that reference certain types of crypto assets to retail consumers. This news was worrisome for many as it...Read More
Bitcoin Bitcoin saw a 5.6% price increase over the past seven days as it finally breaks above the $11,000. The cryptocurrency was trading within a symmetrical triangle pattern since mid-September and struggled to break above this consolidation until yesterday. BTC was trading at the 100-days EMA last Friday as it rebounded from here and started...Read More
Disclaimer: The following article attempts to analyze the impact of emerging patterns on the Ethereum short-term market and its price. A sudden surge in the market yesterday pushed the price of most major digital assets higher, including Ethereum [ETH]. The boost in the price of ETH carried it from $334 to $353, and after some...Read More
Apart from BNB, Changpeng Zhao, the founder and CEO of cryptocurrency exchange heavyweight Binance has another reason to smile. Yesterday the Binance Smart Chain (BSC) handled 21 percent of Ethereum transactions, at 0.6 percent of the gas fees charged for transfers on the latter. This makes BSC about 35 times cheaper, he said. Also, CZ...Read More
Bitcoin Above $11000 Bitcoin after almost a month-long wait broke above $11000 to touch the resistance level formed surrounding $11,119. It gained almost 4.14 percent to reach this level in the past 24 hours. The digital asset has gained almost $500 in just a single day. The bunch of green candles in the 24-hour chart...Read More
In the wake of regulatory concerns, seven central banks have come together and released a report identifying the “foundational principle necessary for any publicly available CBDCs to help central banks meet their public policy objectives.” The report titled, Central bank digital currencies: foundational principles and core features, compiled by the participating banks like the Bank...Read More
Bitcoin has finally managed to surpass the resistance at $11k, at press time and was valued at $11,045. There has been a push and pull in the price of the digital asset but at the time of writing the value of the digital assets seemed to hold above the $11k, price level. Source: BTC/USD on...Read More
About 5% (or 60) employees of Coinbase have taken advantage of the “generous exit package” the exchange offered to anyone who disagreed with the company politics. According to the recent update shared by Coinbase CEO Brian Armstrong, the company executives “could have done a better job” in clarifying how the apolitical culture would work. This...Read More
In collaboration with the Peoples Bank of China (PBOC), Shenzhen plans to distribute $1.5 million worth of its Central Bank Digital Currency (CBDC) – the digital yuan. Adopting a promotion strategy similar to that of a surprise airdrop, the giveaway will be distributed to 50,000 recipients through a lottery system. According to reports, each distribution...Read More
Bitcoin’s hashrate, or computing horsepower, has hit its highest ever level indicating that the network has never been in better shape in terms of security. Hashrate High The new milestone of 170 exahashes per second was noted by on-chain analytics provider Glassnode which added that it is a 40% increase since the halving in May....Read More
SiGMA Europe Virtual Summit will focus on the European gaming and tech marketplace SiGMA Group is excited to announce the launch of its November event, SiGMA Europe Virtual Summit. The online event, which runs from the 24th to 25th, will focus on the European gaming and tech marketplace. In a first for the company, the...Read More
Prime Trust, the API-enabled B2B financial solutions provider has announced the addition of Stellar Lumens ($XLM) to their list of supported cryptocurrencies. The addition of XLM comes in response to the overwhelming demand customers have expressed. XLM 24-hour Price Chart Source: CoinMarketCap XLM was trading at $0.073 at the time of writing, up 2.00% in...Read More
World Blockchain Summit is gearing up to virtually connect the most influential voices in the global blockchain and crypto space this October. Notable speakers include the likes of Anthony Pompliano, Dan Morehead, Christian Hasker & more. Friday, 09 October 2020 Having hosted multiple high-level conferences across the world, World Blockchain Summit (WBS) has established itself...Read More
BitMEX CTO Samuel Reed, who was charged and arrested by the U.S. Department of Justice on October 1, has been released on a $5 million appearance bond. Source: USDOJ Reed, was arrested on charges of violating the Banking Secrecy Act (BSA) and “willfully failing to establish, implement, and maintain an adequate anti-money laundering (‘AML’)” at...Read More
A few days after being charged and arrested by the US Department of Justice, BitMEX CTO Samuel Reed has been released on a $5 million appearance bond. His release came with two conditions. Those are: Reed has to appear for court proceedings, and if convicted, to “surrender to serve a sentence that the court may...Read More
