Day: October 6, 2020

Bitcoin Trump-Dumps to $10,500; MetaMask Hits 1 Million Users

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Bitcoin was able to hit $10,800 Tuesday before falling on U.S. Pres. Donald Trump’s stimulus tweet. Meanwhile, the DeFi ecosystem’s most popular wallet hit 1 million users. Bitcoin (BTC) trading around $10,555 as of 20:00 UTC (4 p.m. ET). Slipping 1.6% over the previous 24 hours. Bitcoin’s 24-hour range: $10,528-$10,800 BTC below its 10-day and 50-day moving averages, a bearish signal for market technicians. Bitcoin trading on Coinbase since Oct. 4. Source: TradingView Bitcoin’s price was able to climb to $10,800 on spot exchanges such as Coinbase Tuesday before falling…

Brad Kam: How the Decentralized Web Transfers Wealth From Corporations to People

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The internet of today is broken. We can use the internet, but we don’t own anything we do. Companies control our domain names, the content we host on web servers and our access to the internet. Now that so much of our information is on social media, this problem is even worse. Our social media IDs, our chat messages, our videos and anything else we publish online is controlled by giant companies. They can seize your assets, spy on you, ban you and sell your most intimate details to the…

Ethereum Stimulus Response Shaves 3% Off Price In 30 Minutes Or Less

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Ethereum has been holding up well compared to the rest of the DeFi space, but the recent news that the second-round of stimulus checked proposed by the House was rejected by Trump has changed that. The top-ranked altcoin just took 3% off its value in a matter of thirty minutes or less following the tweet making rounds. What does this mean for Ethereum and the already suffering DeFi space? ETHUSD Falls 3% In Less Than 30 Minutes Following Stimulus Cancellation | Source: TradingView  Ethereum Falls 3% Sharply Following Further Stimulus…

This Self-Sovereign ‘Docusign’ Uses Bitcoin for Digital Proofs

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For years, developers have worked on expanding Bitcoin’s use case beyond being a transaction ledger. What if, for instance, whenever you signed a contract –  for starting a new job, for signing on to a service or for closing on a house – you could use the Bitcoin blockchain to publish legally binding, immutable proof of the contract and your signature to it?  Woleet is a French startup whose business model revolves around this very application. A DocuSign of sorts that uses Bitcoin, the project has been quietly building for…

Ripple Partially Wins Class Action Lawsuit in California Court

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In the ruling, Judge Hamilton agreed that the lead plaintiff Bradley Sostack had failed to support two claims relating to a series of allegedly fraudulent statements made by Ripple and Garlinghouse in 2017. Blockchain payment company Ripple Labs Inc has won the part of the fraud lawsuit filed against it in a California Court. In a court ruling filed last Friday, Judge Phyllis J. Hamilton of the U.S. District Court of Northern California granted with prejudice two parts of Ripple’s motion to dismiss the 10 claims against it and its…

Dow Rallies as Powell Joins Pelosi & Trump in Plea for Fiscal Aid

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The Dow Jones rallied triple digits on Tuesday. Dow bulls are optimistic about a stimulus deal. Jerome Powell joins Nancy Pelosi and Donald Trump in calling for an agreement. The Dow Jones rallied on Tuesday, as investors continue to follow the carrot of stimulus talks. With Nancy Pelosi, Jerome Powell, and Donald Trump all crying out for economic stimulus, Wall Street remains convinced a fiscal package is on the way. Dow Jones Limps Higher as U.S. Trade Deficit Widens It was a soft day in the major U.S. indices, although…

$9,100 Bitcoin price possible if volume and price action stay sideways

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The markets have been relatively dull for the past 2 months as the price of Bitcoin (BTC) has been sustaining between the $10,200-$11,000 range. In recent days, the range has been narrowed even further, leading some traders to forecast a breakout.  However, Bitcoin’s price hasn’t been showing any direction, while altcoins have taken a downward slope. The majority of the markets have been in massive corrections and this isn’t a strong signal for the total market.  Bitcoin price is stuck in a sideways range  BTC/USD 1-day chart. Source: TradingView The…

Blockchain Bites: FCA’s Crypto Crackdown, McAfee’s Charges, Ethereum’s Store of Value

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CoinDesk is preparing for the invest: ethereum economy virtual event on. Oct. 14 with a special series of newsletters focused on Ethereum’s past, present and future. Every day until the event the team behind Blockchain Bites will dive into an aspect of Ethereum that excites or confuses us. The Top Shelf news you subscribed to is down below.  Now, a few words from CoinDesk tech reporter Will Foxley. Making consensus Scaling for censorship-resistanceThe shakedown of bitcoin derivatives exchange BitMEX last week is a healthy reminder of what motivates many DeFi developers: building censorship-resistant financial markets. The…

Blog: Elizabeth Denham on the conclusion of the ICO’s investigation into the use of personal data in political campaigning

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06 October 2020 There can be few cases that better illustrate how mainstream data protection has become than the ICO’s investigation into the use of personal data in political campaigning, including by the now defunct Cambridge Analytica. How people’s information was being used became a dinner table topic, prompting undercover news reports, a TV dramatisation and a Netflix documentary. Our work, alongside the sustained contribution of journalists, civil society groups, researchers and parliamentarians, drew back the curtain on a world that so many people were affected by, but so few…

Bitcoin News Roundup for Oct. 6, 2020

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As traders remain hopeful and mainstream investment funds increase their exposure to bitcoin miners, CoinDesk’s Markets Daily is back for your latest crypto news roundup! Today’s stories: Options market data suggests the longer-term path of least resistance for bitcoin is to the higher side.  Stock of three major cryptocurrency mining firms are appearing in Fidelity, Vanguard and Charles Schwab mutual funds. John McAfee allegedly received $11.6 million in bitcoin and ether for pumping ICOs in 2017 and 2018. A prominent Taiwanese-American multimedia artist considered a pioneer of internet-based art is…