CryptoDaily

Bitcoin is censorship-resistant… The hashtag #Bitcoin is not. Over the past days, Facebook has been busy censoring all posts that include the #Bitcoin hashtag in the description. There are no distinctions: Videos, photographs, and even messages have been censored, blocking the public from accessing any information related to the cryptocurrency. Upon entering the hashtag, users in different parts of the world are confronted with a censorship screen in which Facebook ensures that posts are “temporarily hidden” in order to keep the community safe, according to its policies . Facebook has hidden search results for #Bitcoin. Image: Facebook   Several users went on Twitter (where it is possible to talk about Bitcoin) to denounce the ban. Twitter, unlike Facebook, has a pro-bitcoin point of view. Not only it allows the hashtag, but the cryptocurrency also has its own emoji . Its CEO, Jack Dorsey, has talked about Bitcoin on numerous occasions, saying it will play a significant role in

The town of Wetzikon will be using blockchain tech for targeted local business aid from Cointelegraph.com News https://ift.tt/3eq5UGJ via IFTTT

Decentralized finance exploded in popularity this year and especially during and after the summer. Apart from numerous DeFi-oriented protocols, the cryptocurrency space saw the emergence of multiple new decentralized exchanges. The sharp increase in demand led to rapid project developments and impressive volume growth . However, the speed compromised user security on some occasions. Consequently, the cryptocurrency exchange analytics resource CER decided to compile a report on the current state of decentralized exchanges. CER, a part of the popular cybersecurity firm Hacken Group, has come up with the results by relying on cyber-forensic investigations and in-depth ranking methodology. Only 8% Of DEX Deemed Safe In the paper shared with CryptoPotato , CER highlighted several possible risks associated with decentralized exchanges, which can be avoided to some extent on centralized platforms. Those include fake tokens with the same ticker as the real coins, high slippage – resultin

Check out this week’s Bad Crypto podcast. from Cointelegraph.com News https://ift.tt/3oN18Ye via IFTTT

The price of Bitcoin is on the verge of having its highest monthly close ever but bulls must still break through $14K for a shot at a new all-time high. from Cointelegraph.com News https://ift.tt/3jPhhZv via IFTTT

The interoperability protocol seeks to expand beyond Ethereum and create cross-chain functionality from Cointelegraph.com News https://ift.tt/3oJjutb via IFTTT

Experts in the blockchain and crypto industry make their wishes for Bitcoin’s 12th birthday from Cointelegraph.com News https://ift.tt/3eeH2BF via IFTTT

Owning to the Bitcoin and the aggregated cryptocurrency market’s recent roaring rally, BTC, and crypto hedge funds have reportedly registered profits upwards of the 100 percent mark. This comes amid the rising sentiment of sidestepping banks to avail quick loans through digital assets. What does this say about the cryptocurrency industry? Bitcoin And Cryptocurrency Hedge Funds Raked In A Lot Of Moolah As per Reuters’ latest report , Christmas for digital currency-based hedge fund owners will be 100 percent ‘merry’. Why? Well, bitcoin’s recent explosive price rally has led them to log near 100 percent gains on the back of increased crypto lending and borrowing transactions. Madison Avenue, New York-based crypto hedge fund and asset management firm Vision Hill Group clocked 126 percent profits this year. The company opened doors to the public 2 years ago in September 2018. Commenting on this glorious achievement, Scott Army, founder and chief executive officer of Vision Hill, said:

Coinbase leads a growing list of crypto companies attracting top-tier legal talent from Cointelegraph.com News https://ift.tt/2HNWusj via IFTTT

The lightchain-vs.-darkchain dichotomy is counterproductive, and a healthy graychain will produce more valuable crypto assets like Bitcoin. from Cointelegraph.com News https://ift.tt/37WFzhY via IFTTT

Bitcoin price has broken over $14,100 for the first time since January 15, 2018 – a staggering 1,020 days ago. The move has coincided with the 12-year anniversary of the first release of the Bitcoin whitepaper and $7 billion flooding back into the market during the start of the US trading session. Is this the start of the new bull cycle PlanB has been predicting that will propel BTC prices to over $100,000 per coin? Price Levels to Watch in the Short-term On the 4-hour BTC/USD chart, we can see that bullish traders are battling hard right now to defend $13,900 after selling pressure at the psychological $14K sent bitcoin’s price tumbling. Just underneath, there is a new flipped level at the former YTD-high ($13,800), which should provide some intraday support if prices continue to retreat. If bears can overcome this, then additional supports can be found at the $13,600, $13,270, 50-EMA line (blue) at $13,190, and main channel support at $12,970. Taking a broader look using the we

An assessment of Satoshi Nakamoto’s Oct. 31, 2008 paper that “set in motion a revolution in finance.” from Cointelegraph.com News https://ift.tt/2TFjPyV via IFTTT

For all we don't know about Satoshi, we can tell he loved a touch of theatricality from Cointelegraph.com News https://ift.tt/3mRDWqn via IFTTT

Bitcoin’s roller-coaster continued in the past 24 hours with significant fluctuations resulting in a few $500 moves and it finally breaking the previous 2019 high. The altcoins have taken a breather with some green charted, and the market capitalization has increased by around $15 billion. Bitcoin Goes On A Wild 24H Ride It’s safe to say that Bitcoin’s dull days are behind the cryptocurrency. As CryptoPotato reported yesterday, ECB’s announcement drove the asset to nearly $13,700 before losing about $450 rather rapidly. The price drop resulted in BTC’s intraday low of about $13,150. Since then, though, the primary cryptocurrency has been gradually increasing. Just a few hours ago, this materialized in a daily high of about $14,100 on Binance, which is a price point that we haven’t seen since January 2018. Since then the cryptocurrency retraced to about $13,900 where it currently trades. It’s interesting to see whether BTC will be able to keep up with its bullish momentum. BTC/U

The price of Bitcoin has surpassed the critical $14,000 mark, the highest level since January 2018. from Cointelegraph.com News https://ift.tt/34H4fJk via IFTTT

Bitcoin is having a good year despite the coronavirus panics and the nervousness of the markets. After reaching an annual high of about $13863 on Oct. 28, the world’s largest cryptocurrency by market capitalization underwent a sharp correction of almost $1000 before rebounding and stabilizing at $13281. From that point on, it began a stable recovery process, with small daily growths, closing on Friday near $13680. Today October 31st, Bitcoin managed to break that record, reaching $14,100 (Bitstamp) at the time of writing. This represents a 5% growth in the last 24 hours. Bitcoin’s Ascend to New Highs Bitcoin has been on a bullish streak since March, when the crash in the financial markets erased all the gains it had made throughout the year, taking the token to the lowest level since April 2019. For those swing and position traders, things are looking pretty rosy. The cryptocurrency has respected the bullish channel that was formed since March. If the trend continues, the most

We are now starting to see the crossover of regulation in the digital asset market and digitalization of the traditional market. from Cointelegraph.com News https://ift.tt/31ZvKwd via IFTTT

Bitcoin broke out of the $13,000 resistance level merely a week ago, which means those expecting Ethereum and altcoin prices to rise may have to wait a few months. from Cointelegraph.com News https://ift.tt/2THeoPS via IFTTT

Consolidation from Bitcoin would allow Ethereum to double bottom in its BTC pair and possibly breakout from the ascending channel in its USDT pair. from Cointelegraph.com News https://ift.tt/3oKmaqI via IFTTT

As NFTs gain traction, here are some of the top marketplaces for finding NFTs, as well as the future outlook of this industry. from Cointelegraph.com News https://ift.tt/34J0ymH via IFTTT

A 27-year old British citizen had appeared before a local court because of allegations that he had used Bitcoin to send money to help ISIS members escape Syrian prison camps. The man, Hisham Chaudhary, has reportedly been a member of the Islamic State for over four years. Terrorist Prison Breaks Funded By Bitcoin According to the Dailymail coverage , Chaudhary has been an accepted member of the Islamic State since early 2016 – an infamous terrorist organization banned under UK law since 2014. Some of his responsibilities within the group included gathering and transferring funds abroad to assist captured ISIS militants to escape from prison camps in northern Syria, controlled by the Kurds. Chaudhary’s preferable currency was Bitcoin. He acquired and sent an undisclosed amount of BTC to facilitate the transactions and remain hidden from authorities. The charges against the 27-year-old also include compiling and disseminating a terrorist publication called The Wholesome Fruit In The

Raising $10 million out of $117 million to date, INX expects to finish the IPO by year's end. from Cointelegraph.com News https://ift.tt/3mCytna via IFTTT

Russian banks tap Bitcoin services abroad while the government at home sees no future for private cryptos. from Cointelegraph.com News https://ift.tt/32dJkMD via IFTTT

Multinational technological giant Huawei announced today that its newly-launched smartphone has a built-in wallet that will allow users to store, send, and receive China’s national digital currency. Announcing the features of the Mate40 series in a Weibo post , the company said that the device is the first smartphone that supports the digital yuan via a hardware wallet. The Chinese giant said in the post that users would enjoy hardware-level security while being able to control and protect their anonymity. Users can also conduct dual transactions using the new device, meaning they can also send and receive payments offline. According to Huawei, the device guarantees a new safe and convenient payment experience for users. To celebrate the launch of the smartphone, the company said it is giving out a free Mate40 Pro to the Weibo user who shares the post the most until November 6, 2020. Huawei Partners China’s Central Bank Huawei has been an active player in the blockchain industry,

After purchasing a sizeable amount of bitcoins for himself and his company, Michael Saylor said that the firm he operates, MicroStrategy, has been running a full node of Bitcoin’s latest core version for over a month. MicroStrategy Runs A Full BTC Node Bitcoin nodes are an essential part of the Bitcoin blockchain peer-to-peer network. Running a full node means validating transactions and blocks. Almost all nodes also help the network by accepting transactions and blocks from other nodes to validate and relay them. There’re certain requirements necessary to run a full node, such as robust hardware, reliable and fast internet connection, and the ability to leave the device running for hours without interrupting the connection. The decentralized nature of the Bitcoin network requires as many volunteers as possible. Otherwise, the consequences could lead to slow transactions, inability to connect through the P2P network, and relying on centralized services. Anyone fitting the require

The Mate40 series will reportedly enable dual offline transactions and allow users to control anonymity. from Cointelegraph.com News https://ift.tt/3ozql8y via IFTTT

If Bitcoin can stay above $10,000 by the day of the U.S. elections, history suggests that $100,000 is next. from Cointelegraph.com News https://ift.tt/3kJTlIp via IFTTT

SIMBA Chain beat competitors such as Boeing by using blockchain to underpin a war games solution for the U.S. Department of Defense. from Cointelegraph.com News https://ift.tt/3kHVPak via IFTTT

The price of Bitcoin abruptly dropped 4% from the day’s peak as the uncertainty in the stock market intensified. from Cointelegraph.com News https://ift.tt/2HKGs2c via IFTTT

[PRESS RELEASE – Please See Disclaimer] Hong Kong innovative crypto collateral trading platform Dsdaq is hosting a Global demo trading competition, to celebrate the launch of its demo account function. Nearly 2,000 traders were attracted to compete for a total of 3000 USDT prize pool and free airdrop of Dsdaq platform tokens, the Original D or OD for short. Traders will use $100,000 demo fund as the initial margin and will be ranked by profit. Trade with Dsdaq Demo Account and Win USDT Dsdaq is very innovative considering that crypto traders can use their BTC, ETH or USDT as collateral to trade traditional financial assets such as stock, index, gold, oil, etc. “This feature is pretty new for most crypto traders so it is crucial to launch this demo trade function so that our users could explore the great innovation without investing real money’, said Sara, the spokeswoman of Dsdaq. All competition participants need to do, once the competition starts, is to use the virtual funds pr

After a sharp price jump towards $13,650 intraday, Bitcoin has retraced and trades around $13,200. The alternative coins continue to bleed out, and the total market capitalization has dropped below $390 billion. Bitcoin To $13,650 And Back On ECB Stimulus News Following the latest 2020 high, Bitcoin got rejected and lost nearly $1,000 of value in hours a few days ago. Since then, the asset has been struggling with the $13,000 level. After another dip below it, BTC went on a roll yesterday. This resulted in a daily high of almost $13,700 (on Bitstamp). Interestingly, the impressive price increase came shortly after the European Central Bank said that it could seek a new stimulus package in December. “The Governing Council will recalibrate its instruments, as appropriate, to respond to the unfolding situation and to ensure that financing conditions remain favorable to support the economic recovery and counteract the negative impact on the pandemic on the projected inflation path.”

Only 8.1% of Bitcoin is held on exchanges compared to Ether where almost one-quarter of the supply sits on exchanges. from Cointelegraph.com News https://ift.tt/34EaWvK via IFTTT

While tZERO’s net revenues have nearly doubled year-over-year, Overstock’s fledgling security token exchange is still far from profitable. from Cointelegraph.com News https://ift.tt/37Xdqr8 via IFTTT

With a market cap now over $1.5 billion, Wrapped Bitcoin (WBTC) makes up 80% of the total BTC held on Ethereum. from Cointelegraph.com News https://ift.tt/34G32C3 via IFTTT

Nine celebrities have wished Bitcoin a happy twelfth birthday despite knowing very little about the cryptocurrency. from Cointelegraph.com News https://ift.tt/37TOuB1 via IFTTT

Bitcoin’s decoupling from stocks began within days of its NVT price hitting an all-time high, according to Willy Woo. from Cointelegraph.com News https://ift.tt/35KRkW9 via IFTTT

Digital asset software company AlphaPoint today announced the launch of the AlphaPoint Yield Platform available for use by marketplace and wallet operators using the company’s technology. Exchange and brokerage operators will have the ability to manage borrowers, lenders, rates, and distributions all on one simple to use platform featuring automated and manual settings and detailed reporting. End-users who leverage the new offering will have the ability to earn a yield on their assets through lending and staking offerings after opting into the service. Over the previous two years, lending solutions to earn on assets have emerged as the next wave of innovation in the cryptocurrency industry. Total loan origination in cryptocurrencies from leading institutions has exceeded $10 billion and is one of the fastest-growing sectors in the space. A leading centralized cryptocurrency lender saw their outstanding loan book double in Q2 this year as compared to Q1, rising to a sizable $1.4 billi

The Uniswap community is voting on its second-ever governance proposal to distribute 5 million governance tokens to users who interacted with the DEX via a third-party platform. from Cointelegraph.com News https://ift.tt/34H3pMA via IFTTT

The country continues to make slow but sure steps on its way to being a crypto-friendly nation from Cointelegraph.com News https://ift.tt/37UcVOs via IFTTT

Stablehouse, a payment and exchange platform for stablecoins, today announced seed funding of $2.18 million, with investments secured from Dragonfly Capital, a VC focused on crypto assets, and Liberty City Ventures, a New York-based, technology-focused venture capital firm. Other notable investors include Lukka, New York-based financial services firm; Asher Corson, Cryptocurrency Analyst at Consolidated Trading; John O’Brien of the R.J. O’Brien family office; Phil Potter, the inventor of Tether, and XBTO International and XBTO Ventures, leaders in crypto finance. Kevin Hu, Partner at Dragonfly Capital, said, “Our investment in Stablehouse aligns with our mission to support entrepreneurs tackling the most important problems in crypto. Stablehouse helps stablecoin markets overcome their persistent issues of inconsistent liquidity and lack of stability. Stablecoins will be the backbone of the digital economy, and we believe Stablehouse is poised to become the capital markets, payment, a

Japan is firming up at the most likely new headquarters for Ripple if it leaves its San Francisco offices from Cointelegraph.com News https://ift.tt/2JjIo2x via IFTTT

Despite $40 million in Ethereum options expiring on Friday, multiple indicators favor bulls as ETH 2.0 approaches. from Cointelegraph.com News https://ift.tt/2TAXWkh via IFTTT

Crypto derivatives exchange FTX will give cryptocurrency traders the opportunity to trade tokenized shares of major companies like Apple Inc. and Amazon. The so-called fractional stocks will soon be available on the company’s platform. Tokenized Shares To Some Of The Biggest As per  a recent report , FTX will be partnering with German financial firm CM Equity AG and Swiss-based Digital Assets AG. The cooperation aims to offer traders the so-called fractional stocks – about twelve stock/crypto pairs that will be traded on FTX’s platform. Alongside additions like Apple Inc. and Amazon, the list of company stocks includes Netflix Inc., Facebook Inc., Tesla Inc., and the SPDR S&P 500 exchange-traded fund. According to the news report, FTX’s move is part of a more intense urge towards the cryptocurrency industry to popularize securities token listings. Reportedly, the new token additions will target investors who find it hard or inconvenient to access a variety of stocks via tradit

TaxBit’s tool will allow Gemini customers to increase their tax refund. from Cointelegraph.com News https://ift.tt/3kI9GgL via IFTTT

Fidelity Digital Asset Services (FDAS) has partnered with Stack Funds to enable Asian investors to purchase and store cryptocurrency assets more freely and securely.  Based in Singapore, Stack Funds is a regulated fund manager focusing on Bitcoin and other digital assets. According to the Bloomberg report , Stack Funds will make Fidelity’s secure custody services available to its clients, primarily based in Asia. The company outlined that the Asian market has been continuously growing in demand towards the cryptocurrency industry, especially from high-net-worth investors and family offices. Stack further explained that all assets under its management will be audited monthly. The firm will provide insurance coverage, weekly contributions, and redemptions to enhance capital security.   Stack’s co-founder, Michael Collett, said that Fidelity’s involvement will enable its company to attract even more investors from the region.  On the other hand, Christopher Tyrer, head of Fidelity D

U.S. regulator's growing distrust in tech companies is not stopping them from extending their services into the crypto industry. from Cointelegraph.com News https://ift.tt/37NQ3jT via IFTTT

Canada's central bank recognizes that CBDCs are a necessarily international issue. from Cointelegraph.com News https://ift.tt/31QCiwM via IFTTT

Binance is the world’s largest cryptocurrency exchange by means of daily trading volumes. In the few short years since its launch, the venue went on to become a leading company in the industry. In fact, launching coins up for trade on the exchange has created the so-called “Binance Effect.” In short, when a cryptocurrency is selected and launched for trading on the platform, its price usually undergoes a substantial surge. Now, the CEO of Binance, Changpeng Zhao, has hinted that it may start delisting low-volume coins. Low-Volume Coins May Kiss Binance Goodbye In an interesting Twitter thread, a popular cryptocurrency analyst and trader RookieXBT suggested delisting all coins on Binance that “do less than 10 BTC of daily volume.” Expectedly or not, the CEO of the exchange engaged in the thread, providing a hint that they might consider doing so. “I think it is a good idea. If you are on Binance and still have no volume, then…” – Said CZ, perhaps hinting that there’s something

Gold sinks to yearly lows against Bitcoin but Peter Schiff remains convinced that the former's price gains are ill-gotten. from Cointelegraph.com News https://ift.tt/31TL1OX via IFTTT

A supposed Uphold user said that the first issues on CredEarn started on Oct. 15. from Cointelegraph.com News https://ift.tt/37Yl18K via IFTTT

Atypical performance isn’t something new for cryptocurrency assets. Flash crashes and massive positive wicks have taken place in the past. Just yesterday, ETH went through something similar. The price of the asset shot up by almost 50% only to crash immediately down to $197 and settle to where it’s currently trading on Binance. ETH Price Going Crazy on Binance Perpetual Contract In the span of a few hours yesterday, October 28th, the price of ETH on Binance’s perpetual contract went parabolic. In a single massive candle, ETH shot up to $571, charting a 45% increase before retracing back to its regular trading price at around $390. While this might sound awkward enough, that’s not all. A couple of hours later, the price wicked to the downside, touching a low of $197, charting a decline of about 50%, and immediately returned to its regular rates. Commenting on the matter was Aaron Gon, VP of Binance Futures , who said: This happened on ETHUSD Perp futures. It was caused by one t

The innovative cryptocurrency futures exchange FTX has launched fractionalized trading in stock derivatives. from Cointelegraph.com News https://ift.tt/3owJQyJ via IFTTT

The CEO tweeted a screenshot of an apparent $100 purchase of Bitcoin using the service well ahead of its official rollout date. from Cointelegraph.com News https://ift.tt/3kHu5T2 via IFTTT

Echoes of June appear among miners, but the future could likewise produce a price rebound if history repeats itself. from Cointelegraph.com News https://ift.tt/3jKyvri via IFTTT

Cryptocurrencies, in general, will not help for the inclusion of unbanked individuals into payment systems and banks, claims Mastercard CEO Ajay Banga. However, the company is far from ignoring digital currencies altogether. Trying To Get 1 Billion Into The Banking System As per  a recent news report , Mastercard CEO Ajay Banga, who’s on a mission to bank upwards of 1 billion unbanked people across the world, doesn’t see much of a use in digital currencies for that. Banga’s opinion is that assets like Bitcoin will not make such a significant pull towards financial inclusion. According to the CEO, high volatility serves as a downfall for cryptocurrencies. He has highlighted that the value of the most popular one of them (Bitcoin) fluctuates by large amounts, emphasizing that just this year, one BTC changed its dollar value from less than $5,000 in March to almost $14,000 recently. “Bitcoin per se is volatile in its valuation,” Banga said, adding, “Can you imagine someone who is f

Bitcoin went on a roller-coaster ride in the past 24 hours from a new yearly high of nearly $14,000 to dipping below $13,000. Most altcoins mimicked their leader, and the total market cap has dropped by $15 billion. Bitcoin’s Wild 24H Ride As CryptoPotato reported yesterday morning, everything seemed to be going in BTC’s way. The cryptocurrency was surging and peaked at another 2020 high. In fact, with a price of $13,865, it came inches away from breaking last year’s record as well. However, it was not to be as the situation reversed rather vigorously. In the following hours, Bitcoin plummeted in value. This resulted in a daily low of about $12,920 (on Bitstamp). In other words, the primary cryptocurrency lost nearly $1,000 in just a few hourly candles. Since then, though, Bitcoin has recovered some of its losses. After reclaiming back the $13,000 price level, BTC has increased to its current position – around $13,150. On its way down, BTC found support somewhere around the $12