• Bitcoin News - 28 October 2020, 4:30 pm

    JPMorgan Chase has revealed that its own JPM Coin is now being used commercially by a large tech company. The company has set up a dedicated crypto business unit with a focus on cross-border payments. This news follows a group of JPMorgan analysts praising bitcoin as an alternative investment to gold. JPMorgan’s Crypto Now Used […] The post After Praising Bitcoin, JPMorgan Pushes JPM Coin, Sets Up Dedicated Crypto Unit appeared first on Bitcoin News.Read More

  • Cointelegraph.com News - 28 October 2020, 3:27 pm

    U.S. authorities want information from Bain & Co about Visa’s Plaid acquisition. The U.S. Department of Justice, or DoJ, recently publicized an investigation into Visa’s ongoing acquisition of fintech company Plaid.  “Today, the Department of Justice filed a petition in the U.S. District Court for the District of Massachusetts to enforce Bain & Company’s compliance with the department’s Civil Investigative Demand (CID),” the DoJ said in an Oct. 27 public statement. Essentially, U.S. authorities have taken legal action to obtain information from Boston-based consulting giant Bain & Company on Visa’s acquisition of Plaid. “On June 11, 2020, the division issued Bain a CID requiring the company to answer interrogatories and produce documentary material, including documents that discuss Visa’s pricing strategy and competition against other debit card networks that…Read More

  • Cointelegraph.com News - 28 October 2020, 3:24 pm

    The price of Bitcoin dipped below $13,000 on Wednesday but despite the 7% drop in 11 hours, the market sentiment remains positive for three key reasons. The price of Bitcoin (BTC) fell below $13,000 on Oct. 28 shortly after hitting $13,850 at the day’s peak. Despite the 7% drop in 11 hours, however, the market sentiment remains positive for three key reasons.First, Bitcoin is still at where it was on Oct. 27, merely 24 hours ago. Second, BTC rose to $13,850, right below a multi-year resistance area at $13,873. Third, a marketwide drop was expected due to declining stablecoin inflows into exchanges.Bitcoin drops to where it was yesterdayIn the last two days, the price of Bitcoin rallied 8.5% from $13,783 to $13,850 on Coinbase. The…Read More

  • Cointelegraph.com News - 28 October 2020, 2:11 pm

    DeFi apps attempt to return crypto funds affected by the KuCoin hack to users. Are they to blame for the issues? The recent KuCoin exchange hack and ongoing OKEx incident, during which withdrawals have been frozen, have raised questions as to how blockchain projects with coins traded on exchanges should act when said exchanges are hacked or funds are stuck.When it comes to projects such as Tron, which replaced tokens that were held by OKEx, such actions are to be expected because their work is based on a central governance model. However, are projects able to pause smart contracts or freeze tokens if they are truly decentralized?Was all this legal?Choosing a strategy to save users’ funds in a force-majeure situation can be a real dilemma…Read More

  • Cointelegraph.com News - 28 October 2020, 1:44 pm

    A regulation exec at the world’s largest stock exchange is leaving his role to enter crypto. A senior regulation executive at the world’s largest stock exchange is moving into the cryptocurrency industry.Anthony Albanese, a former chief regulatory officer at the New York Stock Exchange, is reportedly leaving his position to join Andreessen Horowitz, a major venture capital firm focused on investments in crypto and blockchain developments.A spokesperson for Andreessen Horowitz told The Wall Street Journal that Albanese will leave NYSE to enter his new role in mid-November.In his new position at Andreessen Horowitz, Albanese will focus on building the company’s regulation strategy for cryptocurrency projects and cooperation with regulators.Andreessen Horowitz is known as a major blockchain and crypto-friendly venture capital firm, having invested in some…Read More

  • Cointelegraph.com News - 28 October 2020, 12:45 pm

    Traditional finance execs are increasingly moving into crypto positions. The cryptocurrency industry welcomes another high-profile executive from traditional finance.Filomena Ruffa, a former vice president of innovation and strategic partnerships at Visa’s Latin America division, has joined Crypto.com to expand the company’s Latin American market.According to an Oct. 28 blog post, Ruffa will now be responsible for managing all operations and driving strategic business partnerships for Crypto.com in Latin America. The former Visa executive brings extensive work experience in the region as well as expertise from her top positions at payment firms like CardinalCommerce and SafetyPay.Crypto.com’s hire comes as the company records major new milestones. As reported by Cointelegraph, Crypto.com surpassed five million users on Oct. 15 after hitting one million users in September 2019.As the…Read More

  • Cointelegraph.com News - 28 October 2020, 12:42 pm

    Regulation for initial exchange offerings and digital asset custodians comes into force today. The Securities Commission Malaysia has issued revised guidelines governing digital assets, effective as of Oct. 28. These are intended to regulate initial exchange offerings, or IEOs, and digital asset custodians.According to the SCM, the rules aim to promote “responsible innovation in the digital asset space, while at the same time managing emerging risks and safeguarding the interests of issuers and investors.”As Cointelegraph reported, the SCM first published a regulatory guide for IEOs back in January. This laid out rules which enabled companies to raise funds via token issuance only through an approved and registered digital asset exchange, but was not due to come into force until late 2020.The issuance of these revised guidelines…Read More

  • Bitcoin News - 28 October 2020, 12:30 pm

    President Donald Trump’s campaign website was reportedly hacked Tuesday evening. Hackers claim to have “classified information” about Trump and the origin of the coronavirus. They asked crypto users to decide whether the information should be released or kept secret. Tim Murtaugh, Director of Communications for Trump’s 2020 reelection campaign, confirmed in a tweet: Earlier this […] The post Trump’s Website Hacked, Scam Asked Crypto Owners to Decide Fate of ‘Classified Information’ appeared first on Bitcoin News.Read More

  • Cointelegraph.com News - 28 October 2020, 11:53 am

    Briefly challenging $14,000 produced major volatility for BTC/USD, which subsequently retreated by over $500 in hours. Bitcoin (BTC) retreated to $13,300 on Oct. 28 after a retest of its 2019 resistance levels was met with rejection. Cryptocurrency market overview from Coin360Data from Cointelegraph Markets, Coin360 and TradingView show volatility rising during Wednesday after BTC/USD hit $13,850.After failing to reach $14,000, uncertain conditions prevailed, culminating in a brief dip to $13,300 at press time. A subsequent rebound saw $13,400 become a focal point, with sudden upward and downward movements continuing to characterize the market. BTC/USD 1-day chart. Source: TradingViewWednesday saw an unusually large transaction to exchange Coinbase from an unknown wallet, a possible sign of an incoming sale involving 1,072 BTC ($14.6 million). This followed multiple large…Read More

  • Bitcoin News - 28 October 2020, 11:30 am

    This month, a new cryptocurrency project called the Axion Network will achieve a major milestone – it will see its mainnet launch and go public. The reason that’s so significant is that Axion represents a new breed of cryptocurrency. It’s not a utility token or an attempt at replacing fiat currencies. It’s an investment vehicle […] The post Axion’s Launch is Going to Make Crypto-Believers out of Mainstream Investors appeared first on Bitcoin News.Read More

  • Cointelegraph.com News - 28 October 2020, 10:45 am

    Hash rate has also tumbled on the Bitcoin network. The Bitcoin network has slowed down amid Bitcoin’s (BTC) new price highs, causing a large number of unconfirmed transactions.According to the mempool transaction count on Blockchain.com, the number of unconfirmed Bitcoin transactions surpassed 100,000 on Oct. 27. This is the highest number of unconfirmed Bitcoin transactions recorded since late 2017, when Bitcoin hit $20,000.The all-time high of unconfirmed transactions in the Bitcoin mempool was recorded in early December 2017, accounting for about 180,000 transactions, according to data from Blockchain.com.Total of unconfirmed transactions at publishing time. Source: Blockchain.comThe high number of unconfirmed transactions comes amid Bitcoin hitting new multi-month highs. On Oct. 27, Bitcoin surpassed a $13,745 threshold, almost touching its previous peak of $13,970 recorded on…Read More

  • Cointelegraph.com News - 28 October 2020, 10:10 am

    Amid a global employment crisis, it’s perhaps inevitable that the gig economy is making inroads into the blockchain space too. Blockchain developers can’t be accused of failing to keep up with the times. The unprecedented shake-up in the world’s labor markets during the COVID-19 pandemic is accelerating the underemployment trends of recent decades. Signs of a jobless recovery ahead is spurring citizens to turn to all kinds of digital piecework in the absence of social security and conventional employment benefits. To weather the sharp economic contraction and unpredictable pandemic lockdowns, 41% of businesses in a recent survey said they plan to expand their use of contractors for task-specialized work. Even ahead of the current crisis, the global gig economy was predicted to reach $455 billion by 2023, according to a…Read More

  • Cointelegraph.com News - 28 October 2020, 10:00 am

    Data from Whalemap shows $13,000 is turning into a BTC whale support as the price of Bitcoin hovers above $13,600. According to on-chain data from the analysts at Whalemap, $13,000 has become a support level for the price of Bitcoin (BTC). Whale clusters indicate that whales — or large BTC holders — are continuously accumulating.Whale clusters form when a large number of BTC are transferred to a new address and the BTC is unspent. This indicates that whales either bought or transferred their BTC to other whales, signifying buyer demand.A large whale cluster has emerged at the $13,000 level, which could turn into a key support level.A chart of Bitcoin whale clusters. Source: WhalemapWhy a $13,000 support would be ideal for a Bitcoin rallyThe ongoing…Read More

  • Cointelegraph.com News - 28 October 2020, 9:24 am

    Just one week before the election, President Donald Trump’s website was briefly defaced by crypto scammers. One of United States President Donald Trump’s re-election campaign websites was briefly defaced yesterday, according to an Oct. 28 article on TechCrunch.Hackers managed to replace donaldjtrump.com’s usual campaign rhetoric and request for donations with a spoof of the FBI’s “This site has been seized” message.The unknown attackers claimed to have obtained “strictly classified information” and encouraged people to essentially vote on whether they wanted the data released, using payments to two Monero wallets.Screenshot of seized Trump campaign site. Source: TechCrunchAmong the insider information reportedly on offer was evidence discrediting Trump as president and connecting his government to “the origin of the coronavirus.” There is no evidence to suggest that…Read More

  • Cointelegraph.com News - 28 October 2020, 9:07 am

    Blockchain firm ConsenSys is becoming increasingly active in the central bank digital currency space. Ethereum software firm ConsenSys has just sealed its sixth central bank digital currency project. On Oct. 28, the blockchain organization announced that it will be collaborating with Société Générale Forge on experiments for a digital euro.Société Générale Forge is the digital capital markets platform of major financial services group, Société Générale Group. SG Forge was involved in the issuance of a 100 million euro bond as a security token on the Ethereum blockchain back in spring 2019. It specializes in building institutional-grade models for regulated security token operations registered on the blockchain. Alongside Accenture, Euroclear, HSBC and others, SG Forge is one of the key partners selected by the Banque de France for its experimental…Read More

  • Cointelegraph.com News - 28 October 2020, 8:33 am

    A record “organic” price valuation based on long-term investors paves the way for uncharted price territory for Bitcoin, the statistician says. Bitcoin (BTC) has already hit an all-time high this week, according to one price measurement from popular statistician Willy Woo.In a series of tweets on Oct. 27, Woo added to his recent bullish prognoses on Bitcoin, noting that one valuation of BTC/USD was now higher than ever before.Woo: “Price will follow” NVT valuationWoo was referring to Bitcoin’s network value to transactions (NVT) ratio, which aims to suggest when the Bitcoin network is overvalued compared to the actual value of transactions passing through it. As of Tuesday, Bitcoin’s “organic valuation” based on NVT had crossed $10,000 for the first time.“While we wait for BTC post…Read More

  • Bitcoin News - 28 October 2020, 8:15 am

    An Indian bank is preparing to start providing crypto banking services at its physical bank branches. Customers can buy bitcoin and several other cryptocurrencies at these branches with Indian rupees, open savings accounts with crypto wallets, make loans against their cryptocurrencies, and more. Crypto Banking at Physical Bank Branches in India Cryptocurrency users in India […] The post 22 Indian Bank Branches to Begin Offering Crypto Banking Services appeared first on Bitcoin News.Read More

  • Cointelegraph.com News - 28 October 2020, 6:02 am

    Alex Mashinsky has gifted his wife Krissy 15 million CEL tokens worth $20 million for her birthday. The founder of the crypto payments network Celsius has gifted his wife a large portion of the token supply, reducing his own enormous stake in the process.Celsius CEO Alex Mashinsky gifted wife Krissy 15 million CEL tokens as a birthday present, worth an estimated $20 million at today’s prices.I gave my wife @KrissyMashinsky a very special present of 15,000,000 CEL tokens for her very special birthday. She has been with me through it all and ALWAYS supported me even when I made silly mistakes. I love you Krissy and could not have done @CelsiusNetwork without you. https://t.co/CXdzUBpH9k— Alex Mashinsky ©️ (@Mashinsky) October 25, 2020 The move has shifted…Read More

  • Cointelegraph.com News - 28 October 2020, 5:54 am

    The forthcoming digital asset exchange from Singapore’s largest bank DBS is expected to encourage other Asian financial institutions to reveal their crypto strategies. A now-deleted webpage announcing that Singapore’s largest bank is planning to launch a “digital exchange” supporting crypto asset trading is the latest sign of increasing institutional adoption of virtual currencies.The document, which appeared briefly on the DBS website, announced the new exchange will support Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), Ethereum Classic, (ETC), and Ripple (XRP), alongside the fiat currencies of Singapore, Japan, Hong Kong, and The United States. The announcement also noted plans to support asset-backed security tokens.Speaking to Cointelegraph, JST Capital co-founder Todd Morakis, described the move as a likely catalyst for other major banks and financial firms in…Read More

  • Bitcoin News - 28 October 2020, 5:15 am

    The International Monetary Fund (IMF) says its release of $16 billion towards sub-Sahara Africa will help to cover the needs of countries badly hit by the global pandemic, Covid-19. The financial institution says despite its swift action, the region still faces a financing gap of $290 billion between now and the year 2023. Sub-Sahara Africa’s […] The post Covid-19 Hit Sub-Sahara Africa Gets $16 Billion From IMF, Region Still Faces $290B Financing Gap appeared first on Bitcoin News.Read More

  • Cointelegraph.com News - 28 October 2020, 4:55 am

    A recent purchase of 10,000 Antminer S-19s has placed Marathon Patent Group on-track to become North America’s largest Bitcoin mining firm by Q3 2021. Nevada-based cryptocurrency mining firm Marathon Patent Group has announced the purchase of 10,000 Antminer S-19 Pro ASICs as part of its plan to become the largest mining firm in North America.The publicly traded firm announced the purchase on Oct. 26, revealing plans to command an operational hash rate of 2.56 exahashes per second (EH/s) in July 2021 — equal to 1.9% of the current hashing power of the entire Bitcoin network.Marathon Patent Group’s projected hashing power growth until July 2021: GlobenewswireThe firm had previously ordered 10,500 S19 Pros to bolster its existing operation of 2,560 units. With the exception of 500 miners…Read More

  • Cointelegraph.com News - 28 October 2020, 4:25 am

    A spike in Bitcoin transaction fees has seen the share of miners’ revenues represented by fees tag a two-year high. Bitcoin (BTC) transaction fees have nearly tripled in three days, from $3.52 to $10.20 on average.According to crypto market data aggregator Glassnode, 22.25% of Bitcoin miners’ income is currently made up of fees, with the other 77.75% coming from block rewards. The share of fee revenues is currently the highest it has been since the plateau of the last all-time high in January 2018 — which followed fee revenues spiking to almost a 45% share during the previous month.The percentage of #Bitcoin miner revenue from fees increased to 22.25% in the past hour (24h MA).It is the highest observed value since January 2018.Live chart: https://t.co/hcl2opVV0B…Read More

  • Cointelegraph.com News - 28 October 2020, 4:19 am

    The latest Q3 DeFi report from ConsenSys expresses concern about DeFi’s threat to ETH 2.0 staking The rise of DeFi and high yielding liquidity provision opportunities could act as a barrier to participation in staking when ETH 2.0 Phase 0 finally launches according to a new report.The ConsenSys Q3 DeFi Report has taken a deep dive into emerging trends and warns that staking on Ethereum’s forthcoming Beacon Chain may be limited by better earning opportunities on decentralized finance protocols.ConsenSys believes it’s likely that Phase 0 of the ETH 2.0 upgrade will launch before the end of the year. ConsenSys developer Ben Edgington said last week the launch of the ETH 2.0 deposit contract is imminent and the Beacon Chain genesis could occur within the next…Read More

  • Bitcoin News - 28 October 2020, 3:15 am

    Even though cryptocurrency traders have been exuberant over the price rise, a number of analysts are focused on the large bitcoin and ethereum options expiries set to end before Halloween. Data from Skew.com shows $750 million in Bitcoin options is set to expire and prices could get volatile. The price of bitcoin (BTC) touched an […] The post The $750 Million Pre-Halloween Bitcoin Options Expiry Has Started to Spook Traders appeared first on Bitcoin News.Read More

  • Cointelegraph.com News - 28 October 2020, 3:12 am

    “The impact of this project will extend beyond the mango industry,” said CRCNA CEO Jed Matz. Following a 2.5 year-long pilot program, an Australia mango producer is scaling up its use of blockchain technology for supply chain traceability.According to the Cooperative Research Centre for Developing Northern Australia, or CRCNA, the organization partnered with leading Australian mango producer Manbulloo and traceability software company Trust Provenance to test a supply chain management program across their supply chain and distribution centers in Queensland and the Northern Territory. The project, which kicked off in 2018, employs sensors placed in mango crates to track the movement of the sweet fruit in addition to monitoring its temperature, humidity, and transit time. Dr. Sam McMahon, Senator for the Northern Territory said:“Manbulloo can…Read More

  • Cointelegraph.com News - 28 October 2020, 2:21 am

    The CEO of Mastercard believes Bitcoin is too volatile and opaque to drive financial inclusion, however, CBDCs are a different story. Bitcoin cannot function as an inclusive currency for the unbanked due to its volatility, Mastercard CEO Ajay Banga said during Tuesday’s Fortune Global Forum conference. He also cited a lack of knowledge about who is behind the cryptocurrency as concerning.“I am not a believer in the volatility or, for that matter, the absence of transparency in who is the person who’s involved with that currency. So, that’s why central bank digital currencies, we’re believers in.”Banga also revealed that Mastercard has a significant patent library relating to CBDCs, which may help explain why he’s so positive towards them.Asked about Bitcoin (BTC) as a potential solution…Read More

  • Cointelegraph.com News - 28 October 2020, 2:09 am

    A large number of DeFi governance tokens are still way down from their peaks as farmers take profits. Many high inflation decentralized finance tokens are still correcting despite Bitcoin’s push to new yearly highs.Research by IntoTheBlock suggests that DeFi token prices and protocol metrics have diverged significantly since September. Total value locked has dropped around $1 billion over the past few days but remains near its all-time highs.Token prices are still in the red, however, and many have slumped over 50% from their previous highs. The report claims that this divergence is likely due to a shift to a risk-off environment as investors have decided to lock in profits.It emphasized that many investors have become cautious of high supply inflation for tokens in a space…Read More

  • Cointelegraph.com News - 28 October 2020, 12:37 am

    Anyone who holds a copy of the NFT will see it change as the Bitcoin donations come in. A former baseball player has created a non-fungible token, time-sensitive artwork piece that allows crypto holders to donate Bitcoin to enable two African American boys to fulfill their dreams.According to a representative for the artist, former Tampa Bay Rays player Micah Johnson, marketplace Async Art will be making NFT artwork available starting on Oct. 29. The NFT is programmed to show the effects that Bitcoin (BTC) donations will have on the two children, represented by a door opening wider with each passing year. Each year on the boys’ respective birthdays, a BTC QR code will appear directing all NFT holders to make a “Bitcoin birthday contribution” to…Read More

  • Bitcoin News - 27 October 2020, 11:15 pm

    Nasdaq-listed Marathon Patent Group is buying 10,000 of the more efficient Antminer S19 Pro bitcoin miners from Bitmain in a deal worth millions of dollars. ▪ Marathon said the deal would boost the company’s operations to 23,560 next-generation miners, “making it the largest self-miner in North America”. ▪ When fully installed, the new machines will […] The post Marathon Buys Additional 10,000 Antminers to Become Largest US Bitcoin Miner appeared first on Bitcoin News.Read More

  • Cointelegraph.com News - 27 October 2020, 9:05 pm

    With Bitcoin’s rises past $13,700, the company’s BTC holdings are currently worth more than $525M. Business intelligence firm MicroStrategy’s Bitcoin investment is paying off in a big way, with an estimated $100 million in profit. According to data published Oct. 27 by independent crypto researcher Kevin Rooke, MicroStrategy has earned more from its Bitcoin (BTC) investment than it did through its actual business for the last three years, from Q1 2017 to Q2 2020. Rooke’s data shows that the business intelligence firm’s 38,250 BTC holdings — worth roughly $425 million at the time of purchase in August and September — were valued at more than $525 million during the recent price surge to $13,745. According to the researcher, Microstrategy only earned $78 million in net income…Read More

  • Cointelegraph.com News - 27 October 2020, 9:00 pm

    Investing big money into Bitcoin 10 years ago came with immense uncertainty. Now, buying the asset carries less risk, according to the ex-hedge fund manager. Bitcoin (BTC) has gained significant notoriety in the decade since its 2009 launch. Big mainstream players such as MicroStrategy have recently begun to invest large sums of money into the asset, normalizing its viability as an investment for some. Mike Novogratz, CEO of Galaxy Digital, said Bitcoin is now an obvious financial play.”On a risk-adjusted basis, BTC is an easier bet today than it has ever been,” Novogratz said in an Oct. 27 tweet. “It’s being de-risked daily.”Cointelegraph reached out to Novogratz for additional details, but received no response as of press time. This article will be updated accordingly should…Read More

  • Cointelegraph.com News - 27 October 2020, 8:45 pm

    Only two of Ethereum’s recent competitors had a “fair launch” according to the specified criteria. Mythos Capital founder Ryan Sean Adams called Ethereum killers “toothless” based on initial token allocation schemes that often prioritize insiders:Source: Twitter.Adams was referring to a recent Messari report, which summarized the token distribution for some of the most popular Ethereum (ETH) alternatives launched in the last couple of years. There are four main distribution categories: public presale, community allocations, insiders, and each project’s respective foundations. Source: Messari.The report’s authors suggest that the proportion of tokens allocated to insiders (which includes team, company and VCs) is crucial when assessing projects, “projects that distribute tokens to insiders (team, founders, and VCs) at the expense of the community put themselves at a disadvantage.”…Read More

  • Cointelegraph.com News - 27 October 2020, 8:30 pm

    13.6 acres of cold and barren land in Siberia will be put to good use with the support of international investors. The governor of the Republic of Buryatia, Russia signed a decree allowing for the construction of a 13.6 acre data center in Southeastern Siberia. The facility will become home to a number of hi-tech activities, including a Bitcoin (BTC) mining operation.The facility will be built by BitRiver and is expected to create up to 100 local jobs. It will be equipped with the latest generation of ASIC miners and will take about a year to complete. In addition to cryptocurrency mining, the facility will be used for Big Data and the Internet of Things. The required investment is estimated at 691 million rubles or $0.9…Read More

  • Cointelegraph.com News - 27 October 2020, 8:20 pm

    “We will continue to explore the pros and cons of CBDC,” said Tom Mutton. At the 2nd Bund Summit held on Oct. 25, Bank of England fintech director Tom Mutton stated that while a central bank digital currency, or CBDC, was “a focus” for the Bank of England, the position the bank had taken this past March hadn’t changed. “We haven’t made any decision on whether or not to launch a retail CBDC,” said Mutton. “But we are exploring the pros and cons with interest.”Specifically, the BoE exec stated the central bank was looking into payment options for people in the U.K. who were affected by the COVID crisis “to deliver safe, efficient and convenient payments to shoppers and merchants” — a role that a CBDC…Read More

  • Cointelegraph.com News - 27 October 2020, 8:10 pm

    Grayscale’s poll found that the majority of people they spoke with were interested in Bitcoin. Crypto investing firm Grayscale recently released its 2020 Bitcoin Investor Study. The report used data from a survey which digitally polled a sizable number of individuals in the U.S. between June and July. Grayscale found the majority of the surveyed people were keen on buying Bitcoin (BTC).”In 2020, more than half (55%) of survey respondents expressed interest in Bitcoin investment products,” Grayscale wrote in its October 2020 report. “This marks a significant increase from the 36% of investors who said they were interested in 2019.”The numbers in Grayscale’s report come from data compiled by research company 8 Acre Perspective. The firm asked 1,000 U.S. persons about their Bitcoin investment interest, or lack…Read More

  • Cointelegraph.com News - 27 October 2020, 7:50 pm

    Fiat trades are often completed for a sizable fee by bike-riding crypto enthusiasts. Cubans are finding new ways to circumvent the embargo sanctions imposed by the U.S. government back in 1962. According to an October 26 report by Cuba’s AFP news agency, remittances sent from the U.S. to Cuba often pass through a clandestine network of “crypto enthusiasts” before being converted into Cuban pesos.Erich García, a 33-year-old programmer and local YouTuber, told AFP that anyone who wants to send remittances to the island must buy Bitcoin and send it through a Cuban crypto exchange called BitRemesas.Crypto users on the island then bid to offer recipients the best price for their coins via WhatsApp or Telegram. On average, a middleman from the network receives up to a 25%…Read More

  • Cointelegraph.com News - 27 October 2020, 7:36 pm

    Bitcoin price is moving toward $14K but traders expect the $13,875 resistance to be a critical level for the short term. The price of Bitcoin (BTC) has surpassed $13,745 and is now en-route to the next major resistance level. Traders have suggested that $13,875 is the nex key short-term area for BTC for two major reasons.First, Bitcoin peaked at $13,970 on Jun. 26, 2019. Technically, the previous peak achieved more than a year ago still serves as an important area for sellers.Second, technical analysts say that the weekly candle chart of Bitcoin shows $13,875 as the next “logical resistance.”The major factor will be how Bitcoin price responds to tapping the highly anticipated resistance level and it is likely to pave its short-term performance until the end…Read More

  • Bitcoin News - 27 October 2020, 7:00 pm

    Less than two weeks ago, the International Monetary Fund (IMF) managing director called for a “new Bretton Woods moment.” Meanwhile, the IMF is not the only entity pushing for a “great reset,” as the World Economic Forum (WEF) and other mainstream entities have been promoting the financial reboot propaganda. The Status Quo Preps for the […] The post A Look at the Fascist Agenda Behind the ‘Great Reset’ and the WEF’s Reboot Propaganda appeared first on Bitcoin News.Read More

  • Bitcoin News - 27 October 2020, 5:15 pm

    While bitcoin prices touched all-time 2020 highs on Tuesday, a few analysts say they are expecting only a few more hurdles to surpass the 2017 all-time high (ATH). For instance, the market analyst from Etoro, David Derhy, says to look to $20,000 instead of back at $12,000. A few traders and popular cryptocurrency analysts think […] The post If Bitcoin Passes $14K, Analysts Say Traders ‘Should Look to $20,000’ Instead of Looking Back appeared first on Bitcoin News.Read More

  • Bitcoin News - 27 October 2020, 2:30 pm

    The Singaporean multinational banking and financial services corporation DBS published an announcement revealing it was launching a cryptocurrency exchange. The announcement was later removed by the company, but crypto proponents have learned about the upcoming support for assets like bitcoin, ethereum, and bitcoin cash. DBS Bank Ltd is Southeast Asia’s largest bank in terms of […] The post Southeast Asia’s Largest Bank DBS Plans to Launch a Cryptocurrency Exchange appeared first on Bitcoin News.Read More