CryptoDaily

Bitcoin payments for passport services? You read that, right! In a first, a nearly 50-year-old U.S based passport and visa processing firm, Peninsula Visa, will now be accepting BTC for select passport services. Coinbase’s crypto payments arm, Coinbase Commerce, will be assisting the company in the same. Peninsula Visa Is Now Accepting Bitcoin For Passport Services In an official press release , Peninsula Visa announced its plan to integrate bitcoin payments for selected passport services. Customers will be able to avail of the company’s ‘BTC benefit’ during the course of the next 12 months. Coinbase Commerce has come out to help Peninsula Visa with secure processing of all bitcoin payments. Speaking of specific passport services, the following have made the list. For now: Passport Renewal Name Change Second Passport Second Passport Renewal Speaking on this development, Evan James , Chief Operating Officer at Peninsula Visa, said: Never before has anyone been able to pay fo...

Bitcoin marches confidently towards new yearly highs while most alternative coins have failed in pursuit. Consequently, BTC’s dominance over the market has climbed above 65%. Red Dominates The Altcoins On a 24-hour scale, most alternative coins have either decreased in value or remained stagnant. Ethereum initiated a leg up towards $470, but the bears didn’t allow any further increases. In fact, they drove ETH’s price south, and the second-largest cryptocurrency struggles at $460 as of writing these lines. Ripple also took another swing at $0.26 but to no avail. XRP has slid since then and trades below $0.255. Polkadot (-0.6%), Binance Coin (-0.8%), and Cardano (-0.9%) have all declined slightly from the top ten. However, Bitcoin Cash and Chainlink have lost the most value here. BCH’s 5% drop has decreased the asset to $250, while LINK (-3%) is below $12.5. Litecoin is the only exception. LTC has pumped by 4.5% and hovers above $60. Cryptocurrency Market Overview. Source: Quant...

The giant online payment processor announced yesterday that all “eligible PayPal account holders in the US can now buy, hold, and sell cryptocurrency directly with PayPal.” The update of the original statement reads that users can interact with digital assets from their PayPal application or through their desktop accounts. The cryptocurrency community remains split in its opinion-whether this is actually good for Bitcoin in the long run.  From one side, people believe that this is the way BTC will ultimately reach go mainstream. Numerous members posted screenshots of their purchases, saying that PayPal has created a very user-friendly interface.  Binance CEO Changpeng Zhao even paraphrased Neil Armstrong’s immortal words – “One small step for PayPal, one giant leap for B…” Since Binance Coin is still not listed on PayPal, it’s safe to assume that he had in mind Bitcoin. The other side of the argument claimed that this is actually bearish for BTC, as PayPal will not a...

During Friday morning’s Asia trading session, Bitcoin reached its highest price since January 2018 as it topped out at $16,490 according to Tradingview.com. The massive move has built upon November’s momentum adding a further 5% to the king of crypto over the past 24 hours. This week alone, BTC has made 7% and since the beginning of the month less than a fortnight ago, it has cranked 20% outperforming nearly every other traditional asset class. Chart – tradingview.com BTC appears to be eating into altcoin markets again as its dominance has spiked to a six month high of 66%. Bitcoin ATH Back In-Play Analysts are now eyeing the previous all-time high of $20K as the next target should the momentum keep building. BTC is now only 21% away from this lofty peak which was last seen nearly three years ago. Trader and analyst Josh Rager has advised keeping an eye on resistance levels during that 2017 rally as they could become points of rejection during this one. $BTC Keep an eye on ...

Two indigenous tribes from the northern region of Brazil  have joined forces to create a cryptocurrency to save their future and have access to a decent income after a lack of attention from that country’s government. The two tribes are known for their with ancestral rivalries. Brazil’s President Jair Bolsonaro is known for his derogatory —perhaps even racists— comments on the country’s indigenous peoples, repeatedly asserting that any attention towards indigenous lands and their culture is a waste of resources. On April 12, 1998, he told the Brazilian newspaper “ Correio Brasiliense ” that it was “too bad the Brazilian cavalry was not as efficient as the American cavalry, which exterminated all the Indians” and during his administration, he has actively worked to diminish the legal benefits of indigenous peoples. Oyxabaten: The new cryptocurrency for the native tribes of Brazil. Image: Oyxabaten What the Government of Brazil Divides, a Cryptocurrency Unites With this in min...

XRP/USD – Coin Still Trapped In Consolidation Key Support Levels: $0.25, $0.245, $0.24. Key Resistance Levels: $0.261, $0.271, $0.28. XRP might be above the 100-days EMA this week, but it is still struggling to break the resistance at $0.261 (bearish .5 Fib Retracement). The coin has struggled to break this level since October and must push above to start the beginning of a bullish run higher. Additionally, the coin is also trapped within a symmetrical triangle pattern and is battling with the upper boundary to head higher. XRP/USD Daily Chart. Source: TradingView XRP-USD Short Term Price Prediction Looking ahead, the first level of resistance lies at $0.261 (bearish .5 Fib Retracement). Following this, resistance is located at $0.271 (bearish .618 Fib Retracement), $0.28 (1.414 Fib Extension), and $0.286 (bearish .786 Fib Retracement). On the other side, the first level of support lies at $0.25. Beneath this, support lies at $0.245 (100-days EMA), $0.24 (200-days EMA), $0....

Bitcoin bulls have returned with force today and propelled the top crypto to a new high of $16,177 – a price not seen since 2017! The global crypto market briefly rose back above $460 billion during the surge as $12 billion flooded back into the space. Despite strong selling pressure at this new level, optimism is high from other industry-leading traders that Bitcoin has officially entered a new macro-cycle. According to the creator of the popular Bitcoin Stock-to-Flow model, PlanB, this latest pump above the $16,000 threshold means BTC is still on track to reach $100,000 per coin. Price Levels to Watch in the Short-term On the 4-hour BTC/USD chart, we can see that the asset has broken out of the bullish ascending triangle and is currently throwing back onto the former resistance and finding new support. Hopefully, bullish traders will be able to hold on to this level and recharge before launching a second rally back towards the new high. The main resistances standing in the way o...

The US-based venture capital firm Social Capital will launch a new program enabling investors from all backgrounds to employ the company’s resources to generate “outsized returns on an initial capital base of millions of dollars.” SC’s founder and CEO, Chamath Palihapitiya, announced the new venture called Emerging Managers on Twitter. He highlighted several issues new investors could face when starting. Those include establishing a capital base without a track record, building an expensive infrastructure, finding partners, ad mastering the mental side of investing.  The former Facebook executive pointed out that the Emerging Managers program will assist with the aforementioned problems. It will initially focus on US Public Equities. However, SC plans to expand its investment portfolio to include cryptocurrencies, worldwide public equities, venture capital, art, and more. We will initially focus on US Public Equities but over time will expand our Emerging Managers program to ...

After breaking the previous yearly high and briefly spiking to $16,000, BTC has retraced slightly and trades beneath that level. Simultaneously, Ethereum surged to a new high since early September, while Chainlink’s impressive weekly performance has taken the asset to the 5th spot in terms of market cap. Bitcoin Sees New YTD High But Retraces BTC has performed quite decisively lately. The asset jumped to a new year-to-date high on Friday of just shy $16,000. Although it retraced since then and even tanked to $14,300 at one point, the cryptocurrency has primarily maintained a price tag north of $15,000. The impressive performance continued yesterday. Bitcoin initiated a leg up starting from $15,500 that resulted in successfully tapping $16,000. This meant a new highest price point since January 2018, and that BTC came just 25% away from its ATH from December 2017. However, the increase seemed shortlived as the asset quickly fell and tested $15,500 once again. Nevertheless, the bul...

Bitcoin re-tapped its highest price since January 2018 a few hours ago as it came within a whisker of $16,000. For the second time this month, that price level proved to be too much resistance and the asset has fallen back to $15,750 at the time of writing. The bullish momentum over the past month has kept Bitcoin well within the parameters of analyst ‘PlanB’s’ stock-to-flow model. Stock-to-Flow on Target The stock-to-flow (S2F) model was initially published in March 2019, delving into the relationship between the production of supply and the current stock available, essentially calculating Bitcoin’s value through scarcity. It has mapped Bitcoin’s price with a high degree of accuracy following three halving events now. The 2020 halving year is playing out the same way as 2012 and 2016 so far with a large run predicted for 2021 if history rhymes. Chart update of the #bitcoin S2F (time series only) model. Price dots moving nicely towards model line. S2F multiple (white dots) ris...

Kraken released it’s August Bitcoin Volatility Report 2 months ago. Then the cryptocurrency exchange sounded supremely confident about BTC registering higher highs as the year ends. In its October version of the same report, Kraken has maintained its bullish stance. November will see bitcoin log much higher price and volatility rallies. Also, BTC might as well be on the way to reclaiming the previous all-time high of $20,000. Bitcoin Price And Volatility To Climb In November If Kraken’s August Bitcoin Volatility Report is anything to go by, BTC has already left behind September’s crash in the rearview mirror and is on its way to register more ‘incremental volatility’. The exchange pointed out that November has stood out to be the ‘third-best yielding month’ for bitcoin, on average. BTC has also showcased its best price-performance this month historically. When it comes to monthly volatility, with 85 percent ‘average annualized volatility’, November stands fourth. Bitcoin Monthl...

The world’s leading cryptocurrency exchange, Binance, has temporarily suspended withdrawals for ERC20 tokens. Upbit and Huobi follow suit. The issue comes after Infura – an Ethereum infrastructure provider is also experiencing problems. The team announced earlier today that they are experiencing a service outage for their Ethereum Mainnet API. In a later update, they’ve revealed that they brought additional capacity online for the affected components and are “continuing to triage the root cause of the outage.” In the latest announcement, Infura revealed that they have managed to identify the root cause and are preparing a fix for the issue. Binance’s CEO revealed that there was an attempt at a chain split on Ethereum at block 11234873. He said that “Etherscan and Blockchair are showing two different chains and data after this block. We’re resolving now but have temporarily closed withdrawals. Funds are SAFU.” In any case, all of this happens as Ethereum 2.0 is getting ready ...

Bitcoin is following the plan like “clockwork” after the third halving, said the creator of the popular stock-to-flow model. He also reaffirmed his belief that the S2FX model is correct, and BTC will trade between $100,000 and $288,000 per coin by the end of 2021. BTC Moving Like Clockwork The stock-to-flow model and its variations are among the most popular BTC price prediction tools within the cryptocurrency community. It was created by an analyst going by the Twitter handle PlanB. The first version, namely the original stock-to-flow ratio , described the stock as the size of existing reserves (or stockpiles) and the flow – the annual supply of bitcoins on the market. The upgrade that followed was more complex and comprehensive. Apart from including the “stock” and “flow,” it also considered the different phases that BTC has gone through since its inception in 2019. Those include the initial “proof-of-concept,” the “payment” phase, “e-gold,” the latest one – “financial asset.” ...

During the past 24 hours, Bitcoin tanked to $15,100, but it has recovered since then and trades around $15,400. Most high and mid-cap altcoins have outlined substantial gains and have reduced BTC’s dominance to below 64%. Bitcoin Price Slides But Recovers After peaking at nearly $16,000 last week, Bitcoin has struggled with maintaining such a high price tag. It dropped below $14,300 a few days after, but managed to initiate a false breakout towards $15,800 when news broke that Pfizer’s COVID-19 vaccine has worked successfully in 90% of trial cases. Nevertheless, the primary cryptocurrency slumped once more to below $15,000 just hours after. It reclaimed the $15,000 mark on November 9th and hasn’t looked back since. In the past 24 hours, the asset slipped briefly to $15,100. However, the bulls quickly took charge and sent it to its current level of about $15,400. The technical indicators suggest that BTC would have to conquer the resistance lines at $15,600 and $15,800 before pot...

A few days ago, a mysterious Twitter user claimed to have found the magic formula to crack Monero. Fireice_UK shared a web address that “revealed” personal information of several Monero users, even including their sexual preferences. “Anonymous” cryptocurrency #Monero broken. https://t.co/M2tDXFzpLb You can now check how many paedophiles thought it is private today. 100 new IP addresses, transaction details and user’s porn preferences published every day. #SaveTheChildren $xmr — Fireice UK (@fireice_uk) November 5, 2020 The website in question, Monero BADCACA , features a table with the TxID of a Monero transaction, its city of origin, the node’s IP —perhaps not the sender’s, more on this later— and the person’s favorite porn based on the torrents they downloaded. The Dark Side of Monero? The site also has a FAQ. Fireice_UK claims to have been tracking the blockchain for some time and that the Monero development team knew about the project’s shortcomings, basically turning...

The milestone comes as TVL across all DeFi protocols hits a record high of $13 billion according to Defi Pulse. So far this month, over $2 billion has been added to DeFi protocols in terms of dollar value crypto collateral, but some of that may be attributed to the increase in Ethereum prices. In terms of ETH, there is now 8.5 million, or 7.5% of the total supply, locked in DeFi and 3.3 million ETH on Uniswap alone. Uniswap, The King of DeFi Uniswap remains at the top of the pile in terms of TVL with a market share of 23%. According to Uniswap.info , liquidity has reached a record $3.3 billion while volumes are at $260 million per day. Almost half of that liquidity is in Ethereum . Charts – uniswap.info Messari researcher Ryan Watkins has looked into volumes on Uniswap stating that although they have declined a little since September, its fundamentals are still very strong. Uniswap’s volumes have come down quite a bit since September, but even still it’s fundamentals are very...

[PRESS RELEASE – Please Read Disclaimer Below] Dr. Richard Satur, CEO of VIC Rewards, and Gyanendra Khadka, CEO of XcelTrip, are partnering to raise stakes initially from ASEAN, Indian and Korean Wellness and Vitality digital space; before they take on the global Medical-Tourism marketplace. XcelTrip  with over 2.4 million hotels and 450+ flights worldwide, is already an impressive online travel OTA platform. VIC Rewards, on the other hand, is also building its huge presence in the ASEAN region. Through their  VIC Marketplace , the company predicts to onboard 500+ Merchants by 2021 specifically in the Wellness, Well-being, Anti-Ageing, and Vitality product and service segment. Addressing the Wellness and Medical Tourism opportunity in the ASEAN, Korean, and Indian regions, XcelTrip and VIC Marketplace will be integrating. Their partnership is going to allow consumers to book flights and accommodation, as well as to access enhanced Vitality packages with additional tailored ...

ETH/USD – Ethereum Struggles To Break Above $456 Resistance Key Support Levels: $438, $430, $421. Key Resistance Levels: $456, $462.50, $475 Last Friday, Ethereum surged to $456 where it met the resistance at the upper boundary of a rising price channel. It failed to close a daily candle above this level as it moved sideways between $456 and $435 over the weekend. Yesterday, Ethereum failed to close the daily candle above $456. The coin found support today at the $438 level (August 2018 highs) as it continues to battle to break above the resistance at $456. ETH/USD Daily Chart. Source: TradingView ETH-USD Short Term Price Prediction Looking ahead, if the buyers can break $456, the first level of resistance lies at $462 (bearish .886 Fib Retracement). Following this, resistance lies at $475 (September high-day closing price), $490 (1.414 Fib Extension), and $500. On the other side, the first level of support lies at $438 (August 2018 Highs). Beneath this, support lies at $43...

European soccer giant Bayern Munich enters the world of now-trendy virtual football. The German sports club is to follow other famous soccer teams in Sorare – an Ethereum-based fantasy soccer digital platform. In The Virtual Company Of Over 100 Other Soccer Clubs FC Bayern Munich is among the most prominent German sports teams in the world and is now accompanying more than a hundred other clubs, which are part of Sorare. As per  a recent report from this week, Bayern will be part of the blockchain platform where one could find other big names like Juventus, PSG, Paris Saint-Germain, and Atletico Madrid. Bayern is far from being aside from such mutual collaborations and has some blockchain history behind its back. About a year ago, the German team announced its partnership with blockchain platform Stryking Entertainment. The cooperation was to produce  digital collectibles of the team’s players. The digital cards were part of a fantasy league-style challenge, both collect...

The decentralized platform aimed at lowering risks, costs, and access to DeFi dubbed Union has raised nearly $4 million from several well-known industry giants. The project plans to utilize the funds to develop and launch a set of tools that will further reduce the DeFi risk levels. UNION Raises $3.9M In a press release shared with CryptoPotato , the DeFi platform announced it had raised the funds from popular names such as Alameda Research, Spark Digital Capital, Solidity Ventures, 3 Commas, Cluster Capital, Black Edge Capital, Alpha Chain, and more. Although the statement hasn’t clarified when precisely Union will launch its product, it reads that it will be “in the coming months.” It will include a decentralized finance (DeFi) platform that will incorporate “an advance risk management and protection framework.” Union noted that the DeFi industry has boomed in 2020, especially in the past several months, when the total value locked in various projects surged from about $1 billion...