Day: July 20, 2020

Decentralized Internet Project Polkadot’s DOT Tokens Now Listed on OKEx

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It hasn’t been even a week since the last announcement, and OKEx is back at it again by announcing the listing of one more cryptocurrency. According to the leading crypto spot and derivatives exchange platform, Web3 Foundation’s Polkadot (DOT) token is now available for spot trading against USDT. Polkadot is a scalable, interoperable, and secure network protocol for the next web. It redefines the way people interact with the internet by putting more control into the users’ hands through complete decentralization. Polkadot is working on connecting private and consortium chains,…

Bitcoin Price Holds Again Over Weekly Cloud, But There’s A Shocking Twist

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Bitcoin price may be trading sideways, but it continues to hold above a key level that in the past led to over 5,000% returns. BTCUSD has now held for its seventh consecutive weekly close above the Ichimoku cloud, but there’s a shocking twist coming that could shake up the sideways trend. Bitcoin Price Closes Seventh Weekly Candle Above Ichimoku Cloud The leading cryptocurrency by market cap has been consolidating below resistance for months now, preparing for its next major move. A rejection could potentially expose Bitcoin price to setting a…

Adam Back Denies Having a Beer With Satoshi Nakamoto

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According to Marshall Hayner, an early Bitcoin (BTC) adopter, Adam Back had a beer with Satoshi Nakamoto in London. “Yeah, I met him once” Metal Pay CEO Marshall Hayner told Cointelegraph a story he heard from Back at a party in Los Gatos some years ago. The party was thrown to celebrate the formation of Blockstream and its successful capital raise. Hayner said that he was invited to the party by Austin Hill, who was Blockstream’s CEO at the time. The community was small and closely knit, with only a…

Don’t Fall for These Fake Chinese CBDC Scams

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Cities in China will soon begin testing a new Central Bank Digital Currency, or CBDC. Scammers are now taking advantage of this fact by impersonating “CBDC test” groups. According to Tencent QQ, criminals are promoting a scam that asks potential victims to open a new debit card. Victims are told they will receive a “significant amount of money” after an initial investment, generally starting around 10,000 yuan ($1430 USD). Each victim is promised that their investment will grow to 70,000 yuan ($10,023) within an undisclosed period. This scam seems to…

Bitbns (BNS) Token Sale on KuCoin Spotlight Set for July 30

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KuCoin, IDG-backed cryptocurrency exchange has recently announced this year’s second project on its Spotlight program. The latest project to conduct a token sale through the program will be Bitbns, an Indian crypto exchange whose BNS tokens will be available starting July 30, 2020. BNS is a multi-protocol native utility token on Bitbns. It is designed to help enable the general masses to use cryptocurrency, just like they would use fiat for day-to-day transactions. So far, BNS has completed four rounds of pre-public sales within 20 minutes and also has proven…

EToro Experienced a Dip in Growth for Every Crypto but Tezos in Q2

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eToro experienced a decline in growth of investor interest in every cryptocurrency except Tezos (XTZ) in the second quarter of 2020. Top 5 cryptocurrencies by the growth in number of eToro users investing in it in Q2. Souce: eToro. Although Tezos saw a small uptick in the number of eToro users investing in the last quarter — only 2.53%, it was enough to take first place with 8.12% growth in growth. The growth for every other asset decelerated for every other cryptocurrency with most experiencing a double digit decline. Tezos’…

Weekly Recap: Bitcoin and Ethereum Continue to Disappoint

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Bitcoin had another disappointing week providing a negative weekly return of 1.60%. Bitcoin Spends Another Week On the Cusp of a Breakout Bitcoin had another disappointing week providing a negative weekly return of 1.60%. Even though the flagship cryptocurrency entered Monday, July 13th, on a good posture by rising to a high of $9,345, the bears took full control of the price action. By the end of the day, BTC was trading at $9,224, roughly 0.82% lower than the weekly open. The selling pressure spilled over the following days pushing…

Price Analysis 7/20: BTC, ETH, XRP, BCH, BSV, ADA, LTC, BNB, LINK, CRO

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Most major altcoins have witnessed profit booking as traders become cautious about the future of Bitcoin’s price. Gold continues to trade near its nine-year highs as investors hedge their portfolio against a possible devaluation of the U.S. dollar due to the expansive monetary policy of the Federal Reserve. Bitcoin (BTC), which has long been forecast as digital gold, is not finding favor among investors as it remains highly correlated with the U.S. equity markets. However, Binance CEO Changpeng Zhao believes that over the long-term, the top-ranked asset on CoinMarketCap will…

Ethereum Challenges Hackers to Attack Proposed 2.0 Networks

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The Ethereum Foundation has launched public “attack networks” for Ethereum 2.0 based on existing stable clients. The networks are designed to give security researchers a sandbox environment where they can try to break Ethereum 2.0’s networks by exploiting potential issues in the clients. Currently, there are two “beta-0” attack networks based on the Lighthouse and Prysm clients, built respectively by Sigma Prime and Prysmatic Labs. According to the announcement released on Monday, the attack networks are “real networks,” though they present some limitations. Notably, only four nodes have been deployed…

Velas Enters the Top 100 Coinmarketcap and Launches on Bitcoin.Com Exchange

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Bitcoin.com Wallet Launches New Portfolio Breakdown and Stablecoin Swap Features With over 11 Million Bitcoin.com Wallets created, we’re building new features our users need most in order to enjoy the best possible cryptocurrency experience. Our wallet’s latest features now provide seamless swaps between bitcoin (BTC), bitcoin cash (BCH), and the … read more. Renters Threaten US Real Estate Market, 20 Million Americans Face Eviction The aftermath of the coronavirus-provoked business shutdowns in the United States caused a number of market observers to focus on the U.S. real estate and rental…