Cuba’s Citizens Use Crypto to Evade US Sanctions and Trade Restrictions

With the United States cutting the communist-run nation of Cuba out of the global financial community, international trade has been one hell of a fight – and in this fight, crypto obtains greater and greater role. Cubans can no longer use credit or debit cards like others do. They have turned to their family outside of the country to help them purchase things they need in stores abroad. Well, not a lasting solution for the thousands of inhabitants living in the Island. Recent report from Havana suggests that Cubans are…

A Short History of the World’s Largest Bitcoin Mining Pools

Mining pools grow and shrink, and rise and fall altogether. Today there are more extinct mining pools than there are active ones. The hashpower of the survivors secures hundreds of PoW crypto networks, from major coins such as BTC and BCH to obscure altcoins such as monero classic and “zelcash.” The following guide provides an insight into the origins of the world’s largest mining pools including their founders, geography, and ideology. Also read: Big Banks Won’t Touch Crypto Clients – But These Smaller Banks Will Mining Pools Near Their Nine-Year…

Bitcoin Is ‘The Most Extraordinary Bubble of Our Generation’ Says Trader – CCN.com

The next bitcoin bull market is only getting started, analyst claims. | Source: Shutterstock Bitcoin is up by almost 180% year-to-date. To some, the disbelief rally has run its course, and it is now time to short the market. Trade Tosser Tweet | Source: Twitter While a quick short might be profitable now, one trader believes that the rally from $3,000 to almost $14,000 is nothing but a warm-up. According to an analyst, all four BTC bull runs were massive local bubbles. In his humble opinion, bitcoin is the future.…

Bitcoin Is ‘The Most Extraordinary Bubble of Our Generation’ Says Trader – CCN.com

The next bitcoin bull market is only getting started, analyst claims. | Source: Shutterstock Bitcoin is up by almost 180% year-to-date. To some, the disbelief rally has run its course, and it is now time to short the market. Trade Tosser Tweet | Source: Twitter While a quick short might be profitable now, one trader believes that the rally from $3,000 to almost $14,000 is nothing but a warm-up. According to an analyst, all four BTC bull runs were massive local bubbles. In his humble opinion, bitcoin is the future.…

ETH Privacy Startup Aztec ‘Ignites’ Its SNARKs Generation Ceremony

Ethereum (ETH) privacy startup Aztec announced the launch of its zero-knowledge succinct non-Interactive argument of knowledge (SNARKs) generation via a cryptographic ceremony called Ignition. In a press release shared with Cointelegraph on Sept. 15 the startup also announced the closing of its latest round of investment with participation from A.Capital, Coinbase and Libertus Capital. A cryptographic ceremony Per the release, the multi-party computation ceremony is meant “to generate a set of encrypted points which will be used to derive all future Aztec notes.” The process will build an open source…

Developers of Ethereum DEX Protocol AirSwap Disclose Critical Exploit

Ethereum (ETH) decentralized exchange protocol AirSwap’s developers announced that they have discovered a critical vulnerability in the system’s new smart contract. AirSwap’s team announced its findings and a possible solution for all potentially affected users in a Medium post published on Sept. 13. A limited vulnerability Per the release, on Sept. 12 AirSwap’s development team found a vulnerability in a new smart contract, which has already been reverted to an older version in under 24 hours after the discovery. The exploit in question could have allowed an attacker to perform…

Ethereum Price Flashing Bullish — Can ETH Trigger an Altcoin Revival?

For the past two weeks, Ether (ETH) price has been a frequent topic of discussion among traders. Investors are beginning to wonder if the altcoin has finished its retrace from a 2019 high at $364 and this week Ether settled at the $170 support and proceeded to reverse course. Cryptocurrency Monthly Performance. Source: Coin360 While this is not terribly exciting, and not convincing enough to indicate a trend reversal, the excitement comes from the interpretation that if Ether bottoms and reverses course, other ailing altcoins will follow suit.  Traders will…

Two California Council Members Purchase Cannabis with Cryptocurrency

In what was dubbed the first of its kind purchase, two California council members were seen buying marijuana from a local store with cryptocurrency. The council members, Berkeley City’s Ben Bartlett and Emeryville City’s Dianne Martinez, were spotted in a local cannabis shop in Ohana on September 11th, where they reportedly used a stablecoin (still unknown which one) to purchase a cannabis product. Although the exact product they bought is yet to be identified, one of the council members was seen holding up a CBD product used for treating chronic…

What Bitcoin’s Valuation Says About Its Volatility

Noelle Acheson is a veteran of company analysis and CoinDesk’s Director of Research. The opinions expressed in this article are the author’s own. The following article originally appeared in Institutional Crypto by CoinDesk, a weekly newsletter focused on institutional investment in crypto assets. Sign up for free here. For a primer on crypto valuation concepts, you can download our free report here. Most of us think we understand the term “volatility.” We digest headlines about tense political situations around the world; we are wary of explosive chemical compounds; some of…

Germany Against Facebook Libra Entering the European Market

Recently, a report by Der Speigel magazine in Germany indicates that the German government is against giving approval to private stablecoin issuers such as Facebook and its digital currency Libra. The report cites a member of the current government, Thomas Heilman, who called for caution against these stablecoin issuers. He said that so far the economy of the region was in a great shape in monitoring inflation measures and countering any fiscal crises. But once a digital currency provider was allowed to monopolize the market, there will be no space…