CryptoDaily

P2P crypto trading platform Paxful sees a 2,800% increase in South African trading volume from Cointelegraph.com News https://ift.tt/34amsfh via IFTTT

Following its highest daily price increase since 2011 three days ago, Bitcoin made some retracement to the $8,900 price area, before forming another healthy higher low, as of yesterday. Looking on the attached 4-hour chart, Bitcoin is ‘locked’ between three trend lines , in what looks like final preparations for another huge move. Overall, Bitcoin looks bullish, forming higher-lows trajectory, as can be seen on the 4-hour chart. Added to the above, Bitcoin is trading above the significant 200-days moving average line (roughly around $9,000). A little short-term bearish thing to keep in mind is the open price gap at $8,900 on the CME Futures’ chart . Another thing is the Death Cross, which recently took place. As been said here before, the Death Cross is usually coming in some delay to the current price pattern. Following the latest price spike, it’s very reasonable that this cross would turn to be a fake-out (like happened in late 2015). Total Market Cap: $250.8 billion Bitcoin M...

Julius Baer’s chief strategist says cryptocurrencies are at a “Darwinian” stage and remain and more like gold than currency from Cointelegraph.com News https://ift.tt/2Jwfnh9 via IFTTT

As of early November, OKEx will be supporting a new USDT futures contract with up to 100x leverage from Cointelegraph.com News https://ift.tt/31U0Lyw via IFTTT

A recent report by Binance Research shows that $6.4 billion worth of cryptocurrency is being staked. As the staking system keeps growing, more people are drawn to it because of the potential rewards. However, it’s also worth noting that this has some hidden risks as well. Proof of Stake Situation Some of the most notable cryptocurrencies are based on the Proof of Stake algorithm and they have drawn a serious amount of cryptocurrency to be staked on their networks, according to a recent Binance report . As of the 24th of October 2019, $6.4 billion is reportedly being staked out of $11.2 billion which is the total cumulative staking market capitalization. The number could increase when Ethereum’s long-anticipated transition to PoS is finally executed. Among some of the largest cryptocurrencies based on PoS include EOS (market cap $2.6 B), Stellar ($1.2 B), TRON ($1.0 B). Each of them requires a different amount to be staked and the yield percentage could vary as well. As per the repor...

Iconic Funds, a global crypto asset management firm, today announced it will issue an Exchange Traded Note (ETN) for bitcoin of up to 100,000,000 Notes, tracking the NYSE Bitcoin Index (NYXBT). The Notes may be subscribed to by qualified investors with both EUR and BTC, with a minimum subscription size of 100,000 Notes and an […] CryptoNinjas : Iconic Funds to issue ETN based on NYSE Bitcoin Index (NYXBT) from CryptoNinjas https://ift.tt/2pYIums via IFTTT

Tron transaction support now included in Samsung’s updated decentralized app store and SDK blockchain platform from Cointelegraph.com News https://ift.tt/2MSZyTY via IFTTT