Aragon co-founder Luis Cuende told Cointelegraph that the decentralized technology his company has been developing could find its perfect use case on social media platforms like Facebook and Twitter. In recent months, content moderation practices employed by global social media platforms have been criticized by people across the political spectrum. Libertarian-leaning constituencies tend to criticize them for essentially instituting politically correct censorship while the liberals contend that they are not doing enough to filter offensive content. To this point, yesterday, the FBI charged six individuals with a plot to kidnap…
Day: October 9, 2020
Market Wrap: Bitcoin Tops $11.1K; Ether Traders Like $400 Options
Bitcoin is making gains Friday while ether options traders on the Deribit exchange love $400 strikes. Bitcoin (BTC) trading around $10,050 as of 20:00 UTC (4 p.m. ET). Gaining 1.4% over the previous 24 hours. Bitcoin’s 24-hour range: $10,834-$11,111 BTC above its 10-day and 50-day moving averages, a bullish signal for market technicians. Bitcoin trading on Coinbase since Oct. 7.Source: TradingView Bitcoin’s price is making gains Friday, rising as high as $11,111 on spot exchanges such as Coinbase before settling to $10,050 as of press time. David Lifchitz, chief investment…
Robinhood Traders, Including Bitcoin Holders, Left in the Lurch Following Theft: Report
The popular personal investing platform did not do enough to help targeted customers, victims claim. Original
Price analysis 10/9: BTC, ETH, XRP, BCH, BNB, DOT, LINK, CRO, LTC, BSV
Bitcoin and select altcoins have broken out of their bullish setups, hinting that further upside could occur through the weekend. Payments giant, Square, has become the second listed company after MicroStrategy to buy Bitcoin (BTC). Although Square’s purchase of 4,709 Bitcoin is much smaller than MicroStrategy’s haul of 38,250 Bitcoin, many investors feel that this is a welcome step in the right direction. The acquisition of cryptocurrency by large listed companies such as Square could possibly inspire other companies to join the crypto bandwagon and it also suggests that Bitcoin’s…
Square’s Bitcoin Investment Made $2 Million Over The Last 24 Hours
Bitcoin price blasted back above $11,000 in response to yesterday’s news that the Jack Dorsey-led Square Inc. had purchased 4,709 BTC to add to company reserves. Since the news broke about the payment firm’s innovative corporate investment – a growing trend now – the cryptocurrency has risen 4%, adding an enormous sum in ROI to Square’s holdings. Here’s what it could mean for the market, and if a domino effect is beginning with this latest development. Square Inc. Invests In Bitcoin, Discloses Purchase Of Over 4700 BTC Just like in…
US Homeland Security Funds Anti-Forgery Blockchain Projects in Latest R&D Round
U.S. Department of Homeland Security’s research and development wing, the Science & Technology (S&T) Directorate, on Friday awarded $817,712 in total to five blockchain startups in a bid to reimagine the federal government’s anti-forgery and counterfeit prevention operations. From creating digital Social Security Number alternatives to building e-commerce tracing systems, the winners have up to six months to develop blockchain proofs-of-concepts for DHS’s client agencies. S&T’s Silicon Valley Innovation Program (SVIP), essentially an equity-free tech accelerator within S&T, is funding the round. Source link
Ripple Announces Line-of-Credit Service to Source Capital for Instant Cross-Border Payments
RippleNet customers using the on-demand liquidity (ODL) feature can ask for a Line-of-Credit by purchasing XRP from Ripple on a credit basis. This helps to instantly source capital required by businesses to grow their businesses at scale. On Thursday, October 8, San Francisco-based blockchain startup Ripple Labs Inc announced its new Line-of-Credit service. This service allows customers to source liquidity on-demand using native XRP cryptocurrency and fund instant cross-border payments. This service basically caters to emerging FinTechs and small and medium-sized enterprises (SMEs). It helps to scale their businesses quickly…
Bullish trend reversal underway as Bitcoin price holds above $11,000
Within the last few hours, Bitcoin (BTC) price surpassed $11,000 in a swift turnaround from its swing low at $10,500 in early October. Analysts have attributed three major factors to BTC’s abrupt trend reversal. The potential catalysts are whale accumulation, a spike in institutional demand, and the strength of the $10,500 support. Whales are either accumulating or refusing to sell Earlier this week, Cointelegraph reported that activity within whale clusters pointed to strong buying demand from Bitcoin and Ethereum whales. In the cryptocurrency market, individual investors who hold immense amounts…
CME Sounding Out Crypto Traders to Gauge Market Demand for Ether Futures, Options
The largest U.S. regulated market for bitcoin futures has been sounding out cryptocurrency traders to gauge their interest in a listing of futures and options on the Ethereum blockchain’s native tokens. Source CMECryptoDemandEtherFuturesGaugeMarketoptionsSoundingTraders CryptoX Portal
Blockchain Bites: Bitcoin Crosses $11K While DOJ Takes Aim at Crypto
Ethereum’s success drives imitation. Just take a look at the latest report from the crypto-industry publication DappRadar: In the third quarter of 2020, Ethereum accounted for 96% of the total transaction volume over decentralized applications, including the blockchain-based trading and lending networks that have exploded in popularity in recent months. Prices for ether (ETH), the Ethereum blockchain’s native token, have nearly tripled in 2020 to about $350. Such returns make better-known bitcoin’s 52% year-to-date gain look paltry. CryptoX is preparing for the invest: ethereum economy virtual event on Oct. 14 with a special series of…