CryptoDaily

Despite briefly dipping to $10,660, Bitcoin has slightly increased in value since yesterday and trades above $10,800. At the same time, Ethereum has spiked by about 2% to above $360, while more volatility is evident from lower and mid-cap altcoins. Bitcoin To Above $10,800 After an unsuccessful attempt to conquer $10,800 yesterday, Bitcoin headed south and bottomed at about $10,660. However, the bulls intercepted the brief price dip and didn’t allow further declines. Just the opposite, BTC started accelerating again and reached its intraday high of $10,850 (on Binance). Although the asset has decreased slightly, it’s still about 1% up on a 24-hour scale, and it hovers around $10,800. From a technical standpoint , Bitcoin has to overcome the first resistance at $10,840 before heading towards the psychological level at $11,000. Alternatively, the primary cryptocurrency could rely on $10,680, and $10,570 as support in case of a price breakdown. BTCUSD. Source: TradingView Bitcoin’...

A judge has ruled that the $100 million ICO conducted by the Canadian messaging platform Kik in 2017 violated federal securities laws. from Cointelegraph.com News https://ift.tt/2GoIsfQ via IFTTT

Australia’s Prime Minister has announced the Federal Government’s biggest investment in blockchain to-date, with two pilots set to receive almost $5 million. from Cointelegraph.com News https://ift.tt/2HMhbEU via IFTTT

Bitcoin SV users appear to have got very excited ahead of the conference. from Cointelegraph.com News https://ift.tt/36idHUR via IFTTT

Institutional trading platform Wootrade has raised $10 million in a private fundraising round that will be used to expand its team and launch leveraged trading products. from Cointelegraph.com News https://ift.tt/36nHdbY via IFTTT

This potential move will swap the native AGI token from ERC20 to Cardano from Cointelegraph.com News https://ift.tt/36mzDOs via IFTTT

Emerging Ethereum-powered predictions platform Polymarket produced six-figure volume amid the first presidential debates. from Cointelegraph.com News https://ift.tt/36k4CL5 via IFTTT

Twitter CEO Jack Dorsey has called out Coinbase for seeking to suppress political activism and suggesting employees who think differently should leave. from Cointelegraph.com News https://ift.tt/2G4Ypbr via IFTTT

Bitcoin price has been flat for nearly a month but on-chain data shows a bullish surge in new participants joining the network. from Cointelegraph.com News https://ift.tt/3l240Ot via IFTTT

Borrowers in the U.S. can now get funds with a DeFi-powered Visa card by Swipe. from Cointelegraph.com News https://ift.tt/2Gfymyf via IFTTT

IOVLabs believes the missing link is the developer-friendliness, not the type of blockchain. from Cointelegraph.com News https://ift.tt/3n24VQJ via IFTTT

Venezuela’s cryptocurrency story continues as the country’s President Nicolas Maduro has presented new use cases.    A recent report informed that the South American nation is studying the possibility of using digital assets in trades alongside the national Petro.    President Maduro has presented new anti-sanctions law in the Constituent National Assembly. In a recent speech, he asserted:   “The anti-sanctions law is the first response to give new strength to the use of petro and other cryptocurrencies, national and global, in domestic and foreign trade, so that all cryptocurrencies of the world, state and private, could be used. This is an important project that is under development.” The news comes after Maduro suggested last year that his country could adopt cryptocurrency payments.   Additionally, Venezuela signed a new tax agreement this summer that enabled the nation to start collecting taxes and fees in the Petro.   A s...

The terror financing ring reportedly bought cryptocurrency coupons in licensed tobacco shops across France. from Cointelegraph.com News https://ift.tt/33gc3kM via IFTTT

French authorities have arrested 29 people allegedly operating a sophisticated network of funding jihadists and al-Qaeda members with cryptocurrencies. The police suspected that the network has been active for over a year and has funded terrorist organizations for hundreds of thousands of euros. French Police Arrests 29 People According to the report , France opened an investigation in January 2020 when a service of the Ministry of Finances called Tracfin detected a complex network of funds transferred to French jihadists that remained in Syria. Months later, this led to the massive nation-wide operation in which the local police arrested 29 people suspected of involvement with the network. The two primary targets identified as Mesut S. and Walid F. were allegedly the architects of “this network of terrorism financing.” The authorities connected both of them with Hayat Tahrir Al-Sham – a group affiliated with al-Qaeda. Mesut S and Walid F were already convicted in France in 2016 an...

A 36-year-old man from Kerala was arrested under charges of cryptocurrency fraud. from Cointelegraph.com News https://ift.tt/33caaFE via IFTTT

Data shows Bitcoin should seal both its best Q3 on record and its second-highest lifetime quarterly close on Sep. 30. from Cointelegraph.com News https://ift.tt/3igYwgT via IFTTT

The highest judicial institution of the Pakistani province of Sindh has requested the federal government alongside the Federal Investigation Agency (FIA) and the State Bank of Pakistan (SBP) to submit a detailed reply on the ban on cryptocurrency dealing in the country, local media reported Wednesday. The Ban The court hearing is coming after it took up a petition against the ban imposed in April 2018 by the SBP, the country’s central bank. In a circular issued in 2018 on the “prohibition of dealing in virtual currencies/tokens,” the SBP “advised” all banks, financial institutions, and payment processors to refrain from using cryptocurrencies or rendering any services to account holders who are involved with crypto. The SBP declared all forms of digital currencies illegal, noting that cryptocurrencies like Bitcoin, Litecoin, Onecoin, and ICO tokens are not legal tender, nor are they issued or guaranteed by the government. The apex bank further warned that institutions should rep...

Bitcoin exchange reserves dropped by $5 billion in the past year, showing signs of accumulation. from Cointelegraph.com News https://ift.tt/3n3nm7w via IFTTT

Singapore continues to apply blockchain in its public administration. from Cointelegraph.com News https://ift.tt/349LCfQ via IFTTT

Physical crypto events come back, but with a set of strict COVID-19 measures. from Cointelegraph.com News https://ift.tt/3n6gbM7 via IFTTT

“Will you shut up, man?” “You graduated either the lowest or the next lowest in your class, don’t ever use the word ‘smart’ with me!”, “Maybe you could inject some bleach in your arm.”, “It’s hard to get any word in with this clown.” …no, this is not an argument between two heated-up highschool teenagers – this is the first debate between the current President of the United States, Donald Trump, and his main contestant for the upcoming elections – the former Vice President of the country – Joe Biden. In a little over an hour and a half, Trump and Biden “debated” over the future direction of the US economy, healthcare, social situation, and other pressing matters. Needless to say, “debated” is a powerful word for what took place. In reality, it was more like an hour and a half of ridiculous remarks, completely off-topic from the matter at hand, absurd interruptions, and a complete lack of any conversational etiquette. At some point, the moderator had to raise his voice in a futile a...

New York-based cryptocurrency exchange Gemini has made it possible for its users to engage in shielded Zcash (ZEC) withdrawals. Following the news, the price of Zcash surged 6%. The 33rd-largest crypto by market capitalization is up 110% year-to-date (YTD). Confidential Zcash Withdrawal Now Available on Gemini According to a blog post on Tuesday (September 29, 2020), the Winklevii-owned crypto exchange announced support for shielded Zcash (ZEC) withdrawals. The withdrawal feature gives users the option of moving their ZEC tokens in their Gemini account from t-addresses to z-addresses. Zcash, one of the largest privacy “coins,” offers the shielded and transparent option for users. Gemini originally enabled users to deposit funds from z-addresses. Meanwhile, the blog post stated that the withdrawal feature would “ empower the individual through crypto .” Additionally, the shielded ZEC withdrawal function ensures that customers’ transactions and identities are protected. An excerpt ...

The token powers a cross-chain DEX called Polkastarter, which was launched in Uniswap yesterday, Sept. 29. The platform was announced earlier this month when it was touted another Ethereum killing interoperable DeFi protocol powered by the high-throughput Polkadot ecosystem. POLS Volume Surges Today’s announcement has focused on the volumes of the new POLS token, which has pushed it up to the fourth spot, above Yearn Finance and Uniswap’s own UNI token, in terms of 24-hour volume. With only 15 hours into our life with the $POLS token, we are now at #4 on the Uniswap volume list over the past 24 hours!!! We would have never thought we’d see more volume than top-notch #DeFi projects like $YFI $DAI $UNI even on our first trading day. What a (Polka)start! pic.twitter.com/JN0Fls7CH8 — Polkastarter (@polkastarter) September 30, 2020 In terms of price, the new token saw one massive pump initially, as most DeFi listings do, then falling back to around $0.27. Over the past few hou...

Despite still being on the Rinkeby testnet, holders of Reddit’s ‘MOONs’ have devised a way to trade the tokens for fiat. from Cointelegraph.com News https://ift.tt/3kRiC38 via IFTTT

After marking another price increase from $10,640 to $10,860, Bitcoin has slowed down around $10,750. Most larger-cap alts have remained relatively calm on a 24-hour scale. Binance Coin is once again the exception and BNB nears $30. Bitcoin Trades Around $10,750 As Bitcoin failed to reclaim $11,000 yesterday, the asset headed downwards and dipped to $10,660. In the past 24 hours, the primary cryptocurrency registered another bottom at $10,640. However, BTC refused to stay down, and the bulls drove the price towards its intraday high of about $10,860 (on Binance). Since then, Bitcoin has retraced slightly and trades just shy $10,750. The technicals indicate that BTC has to overcome the first resistance at $10,830 to potentially challenge the next one at $11,000. Should the asset conquer even that psychological line, the following resistance will be at the 0.5 Fibonacci level at $11,150. BTCUSD. Source: TradingView As reported yesterday, Bitcoin displayed minor signs of decoupl...

The DeFi hype faded in September, dragging prices with it. from Cointelegraph.com News https://ift.tt/34afOaz via IFTTT

FinCEN has warned U.S. banks that it is closely watching how they respond to crypto risk exposure with their AML programs. from Cointelegraph.com News https://ift.tt/3cJ8Vkl via IFTTT

As Bitcoin price consolidates, bulls target $11.5K and bears expect a drop below $9.8K. from Cointelegraph.com News https://ift.tt/3jaTlAt via IFTTT

A new DeFi protocol has been launched rewarding node operators to improve public blockchain performance, but token prices have tanked from Cointelegraph.com News https://ift.tt/30kCSSL via IFTTT

The lawsuit, accusing Overstock of market manipulation through its security token airdrop, has been turfed by a federal judge. from Cointelegraph.com News https://ift.tt/348zkEp via IFTTT

Crypto traders can earn passive income through Neutrino stablecoin staking. from Cointelegraph.com News https://ift.tt/30jEdcE via IFTTT

‘I do believe crypto is its own asset class and one worth exploring,’ said the TikTok star. from Cointelegraph.com News https://ift.tt/3ijqVD4 via IFTTT

But it remains unclear where KuCoin is actually headquartered. from Cointelegraph.com News https://ift.tt/2HwIgvx via IFTTT

Bitcoin price technical analysis shows some key levels that traders should watch this week as BTC remains range-bound below $11,000. from Cointelegraph.com News https://ift.tt/3jeQXbY via IFTTT

Twitter chief Jack Dorsey is not letting up on his Bitcoin (BTC) and blockchain evangelism, describing the novel tech as the future of the microblogging platform. Twitter on the Blockchain Appearing at the Oslo Freedom Forum 2020, Dorsey remarked : “Blockchain and bitcoin point to a future, and point to a world, where content exists forever, where it’s permanent, where it doesn’t go away, where it exists forever on every single node that’s connected to it” According to the Twitter CEO, Bitcoin builds upon the foundational ethos of the internet, which is the creation of a trustless and distributed ecosystem. Indeed, if the emergence of the internet eliminated information friction, an argument could be made for Bitcoin being on its way to removing economic and monetary friction. For Dorsey, the ultimate goal is for Twitter to transition to a public blockchain architecture, thus making the popular microblogging service a wholly open protocol. Commenting on such plans, the Twitter c...

The Aave Money Market DeFi protocol is now about to be more decentralized than ever. In an announcement published on its official blog on 25th September 2020, the team reported on the successful launch of the Aave Governance on the mainnet. This means that users of the protocol will now be able to vote on critical decisions for the project’s future. As Aave explains , the governance implementation was active in the Kovan and Ropsten testnets, giving users the ability to experiment with how to participate in the voting process for various improvement proposals, known as AIP. Bye LEND Welcome AAVE tokens: Aave’s First Proposal Unlike testnet implementations, the effects of launching governance on the mainnet are now more formal and reflect the commitment of the development team to empowering the community. The first AIP for which users will be able to vote involves a token migration and the total supply reconversion. Should the first AIP be approved, the LEND tokens will become AAVE ...

Taking blockchain tech from buzzword to essential technology should have a singular focus: Making it useful for people’s everyday lives. from Cointelegraph.com News https://ift.tt/3jhjw8w via IFTTT

The new camera from IoTeX reportedly features a private key for access and end-to-end encryption of all data. from Cointelegraph.com News https://ift.tt/3cFzTJH via IFTTT

“Regulators can get comfortable with privacy-enabling cryptos,” Gemini says. from Cointelegraph.com News https://ift.tt/3iey8Eg via IFTTT

Is it time to find another name for this phenomenon? from Cointelegraph.com News https://ift.tt/2HzrmfO via IFTTT

Traders are mixed after the price of Bitcoin sees a sudden pullback from $10,950 to $10,630 overnight. from Cointelegraph.com News https://ift.tt/3jiysU0 via IFTTT

The owner of a cryptocurrency exchange has been recently convicted in a transnational scheme of defrauding people through an online auction fraud. Court says the scam reached a multi-million dollar scale. At Least 900 Americans Victimized As per a  recent report , people who suffered from the fraud were probably more than 900 American citizens. According to the official statement, 53-years-old Rossen Iossifov, formerly of Bulgaria and reported owner of a Bulgaria-based Bitcoin exchange R.G. Coins, was convicted of both conspiracy to commit racketeering and money laundering. After a two-week trial, the jury in Frankfort, Kentucky and U.S. District Judge Robert E. Wier scheduled the sentencing to Jan 12, 2021. Reportedly, some of the Romania-based members of the group posted a false advertisement to promote an online auction and sales websites, among which Craigslist and eBay. The ad promised its victims high-cost goods (typically vehicles) that did not exist. As per the release,...

Bitcoin difficulty ribbon compression has broken out of a bear trend it has been in since the March coronavirus crash. from Cointelegraph.com News https://ift.tt/3l9wi9Z via IFTTT

"Users can’t afford to be cut off from the Bitcoin network." from Cointelegraph.com News https://ift.tt/2S6JD66 via IFTTT

Filecoin, a decentralized storage network , has now entered its penultimate phase of development. The Mainnet Ignition phase affords network participants — including miners, clients, custodians, applications, and network services – time to initialize, learn, set up their systems, and optimize their deployments, before Mainnet Liftoff. Mainnet Ignition follows the success of Filecoin’s Space Race program, the multi-track incentivized testnet competition intended to stress-test the network, rewards the storage of real, valuable, and usable data, and help miners and developers get ready to run the world’s biggest decentralized storage network. Exceeding targets, Space Race was extended following developer demand and, currently underway in its second iteration, has seen over 400 miners onboarding more than 350PiB of data storage power – the equivalent of 90 million 1080p movies, or 1,400 full copies of Wikipedia. The ecosystem continues to grow and currently stands at over 280 projects co...

One is called the difficulty ribbon, and it has just broken out of the green buy zone for the first time since March in terms of compression. The metric was reported by analytics provider Glassnode, which added that historically, these had been periods characterized by a positive momentum indicating significant price increases. #Bitcoin Difficulty Ribbon Compression is trending up and broke out of the green buy zone for the first time since March. Historically, these have been periods characterized by a positive momentum indicating significant $BTC price increases. Live chart: https://t.co/5lW4vGsPDx pic.twitter.com/ccdwMWDhrO — glassnode (@glassnode) September 28, 2020 Historical Bitcoin Buy Signal The Bitcoin difficulty ribbon was created by chartist Willy Woo. It consists of simple moving averages of network difficulty enabling the rate of change of difficulty to be easily seen. Periods of high ribbon compression, such as the current situation, have been historically goo...

PSG players Neymar and Kylian Mbappé, as well as club veterans like David Beckham, will be issued as collectible digital player cards on blockchain platform Sorare. from Cointelegraph.com News https://ift.tt/33amoys via IFTTT

Bitpanda , a European-based crypto exchange company , today announced it has closed Europe’s largest Series A funding round of 2020 by securing $52 million in a round led by Valar Ventures. The large-scale investment will be used to drive Bitpanda’s expansion and position the Vienna-based company as a leader in transforming Europe’s financial industry. Currently doubling revenue annually with over 1.3 million users, Bitpanda has established itself as Europe’s leading platform for trading digital assets and precious metals. Through its desktop site and mobile apps, users have access to 44 investment assets backed by state-of-the-art technology quickly, easily and securely. In 2020, the company launched payments and savings platforms and will use the new funding to build more innovative ways of trading and investing, thus ensuring digital investing and trading of all asset classes is made available to everyone in Europe. Eric Demuth, Co-Founder, and CEO of Bitpanda, stated:  “This ...

Yearn Finance founder Andre Cronje has been busy conjuring up new concepts to bring DeFi to the masses, and his latest brainchild is an ecosystem called Eminence, which targets the gaming world. Gaming tokens and economies have been tried before with the likes of Enjin Coin (EJN) and a couple of others. The latest non-fungible token (NFT) craze has also brought gaming back into the frame as they can be used to buy and sell items and collectibles for use in-game. Smart Contracts Depleted on Day One In a tweet posted today, Cronje gave little away but stated that they had finished the concept behind the new gaming multiverse economy. He added that the smart contracts had been deployed on Ethereum , but the system is still three weeks away. 1/x First, the data; 1. Yesterday we finished the concept behind our new economy for a gaming multiverse. Eminence. As per my usual methodology, I deployed our staging contracts on ETH so we can continue developing on it. 2. Eminence is at least...

Bitcoin price is sideways and pinned below $11K, leading traders to seek greener pastures in altcoins and DeFi tokens. from Cointelegraph.com News https://ift.tt/2S9dR8M via IFTTT

A stablecoin that will be used to pay entrance fees for the golfing tournaments of a Kenyan 'entrepreneurs network’ has started testing under the local regulatory sandbox. from Cointelegraph.com News https://ift.tt/2GnpXZ5 via IFTTT

After failing to reclaim the $11,000 level again, Bitcoin got rejected and dipped below $10,700. Most alternative coins have followed BTC’s move downwards, and the market cap has lost about $6 billion since yesterday. Bitcoin Fails At  $11,000 In the past few days, Bitcoin made a few attempts to challenge the coveted $11,000 line but to no avail so far. The primary cryptocurrency peaked at $10,950 (on Binance) yesterday but couldn’t maintain its bullish run. During the following hours, BTC headed south firstly to $10,750 and then to its intraday low of $10,660. Despite increasing slightly to about $10,700, Bitcoin is still down more than 2% on a 24-hour scale. The technical perspective indicates that BTC currently lies on a support level at approximately $10,695. If the asset is to return heading north, it would have to reclaim the resistance lines at $10,730, $10,810, $10,920, and possibly $11,000. BTCUSD. Source: TradingView With its recent price decrease, Bitcoin has sh...

Eminence, an unreleased project being built by Yearn’s Andre Cronje has been drained of $15 million. from Cointelegraph.com News https://ift.tt/33aSVnY via IFTTT

A class-action lawsuit accusing MakerDAO of misrepresenting the risks associated with its DAI stablecoin has been stayed pending arbitration proceedings. from Cointelegraph.com News https://ift.tt/3jdXGTk via IFTTT