Users of Luno’s new bitcoin “savings wallet” can earn up to 4% interest per year, the exchange said. Source
Luno Exchange Launches Interest-Earning Bitcoin Wallet
Day: October 19, 2020
5 Bitcoin price tips this week
Bitcoin (BTC) starts a new week in familiar territory as markets move into the United States’ 2020 elections — where could it go next? Cointelegraph takes a look at five factors that could influence BTC price action in the week ahead. U.S. macro: Elections vs. stimulus The U.S. is the firm focal point when it comes to macro markets this week. The Nov. 3 elections promise to set the mood as it becomes more apparent which side will control the White House. Analysts have warned that a Democrat win would…
Bitcoin Critic Peter Schiff’s Bank Under Spotlight in Global Tax Probe
A Puerto Rico-based bank founded by gold bug and long-time bitcoin skeptic Peter Schiff is under investigation over suspicions it facilitated tax evasion for “high-risk” clients. According to reports on Saturday by several large media organizations in Australia and the U.S., Schiff’s Euro Pacific Bank has become the focus of a major global tax evasion investigation dubbed “Operation Atlantis.” Hundreds of account holders at the bank, including 100 Australians considered “high risk,” are now being investigated over possible tax evasion and money laundering. These reportedly include Simon Anquetil, the man…
Filecoin Miners Protests Over Project’s Poor Economic Model
Filecoin miners have protested the unfavorable business model of the Filecoin project from Protocol Labs in what appears to be an industrial action strike. Per a report from Coindesk, the Filecoin miners proceeded on the industrial action primarily because of the project’s rewarding system which aims to release earned tokens months after the operation. This puts a strain on the Filecoin Miner’s operations as a large amount of FIL tokens are needed to effectively conduct their mining operations. After more than three years of waiting, the Filecoin mainnet finally got…
Ripple (XRP) Technicals Suggest a Crucial Breakdown Below $0.24
Ripple started a steady decline and traded below the $0.2500 support against the US Dollar. XRP price is showing bearish signs and it might slide further below $0.2375. Ripple failed to stay above the $0.2500 support and extended its decline against the US dollar. The price is now trading below the $0.2450 support and the 100 hourly simple moving average. There was a break below a key contracting triangle with support at $0.2415 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely to…
Tesla Starts Delivering Shanghai-Made Model 3 to Europe
This year, Tesla plans to produce as many as 150,000 Model 3 at its Shanghai facility. Currently, Tesla makes around 11,000 units per month. Last month, electric vehicle maker Tesla Inc (NASDAQ: TSLA) changed its initial plans on delivering Model 3 cars made in China, saying it would significantly expand the export geography. Now, the company is starting to export Model 3 vehicles to Europe, with other Asian countries, Australia, and New Zealand joining later. When building the Gigafactory in Shanghai, Tesla CEO Elon Musk was adamant that it targeted at…
Bitcoin Hodlers Get Greedy: Amount of BTC Stored on Exchanges is ‘Plummeting’
The amount of Bitcoin stored on exchanges is “continuously plummeting,” according to a new report from CoinTelegraph. Indeed, since Crypto’s ‘Black Friday’ in March, when the price of Bitcoin swiftly fell from over $9,000 to nearly $4,000, data from Glassnode shows that the amount of Bitcoin that traders are storing in cryptocurrency exchange accounts has fallen to the tune of $2.85 billion (from 2,950,000 BTC to 2,700,000 BTC.) Join your industry leaders at the Finance Magnates Virtual Summit 2020: Register and vote for the FMLS awards What’s causing the decline?…
Ethereum Could Narrowly Avoid a Major Drop if it Closes Above $380
Ethereum extended its decline below the key $365 support against the US Dollar. ETH price is correcting higher and it must surpass $380 for to avoid another bearish wave. Ethereum started a decent upward move after it tagged the $360 level. The price is now trading nicely above the $370 level and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $372 on the hourly chart of ETH/USD (data feed via Kraken). The pair could is still facing a strong…
Bitcoin Hesitates Below $11,550, But Upside Break To $12K Seems Likely
Bitcoin price is slowly rising and it is now trading above $11,400 against the US Dollar. BTC is a bit hesitant, but further gains above $11,550 seems very likely. Bitcoin is showing a few positive signs above the $11,350 and $11,400 levels. The price is currently facing hurdles near $11,560, but it is above the 100 hourly simple moving average. There is a key rising channel forming with support near $11,420 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to accelerate higher…
Chainlink Likely to Rally to $16.50 as It Approaches Key Level
Chainlink has been struggling to break above $11.00 throughout the past few days and weeks. This level has become a strong resistance for the cryptocurrency, and both bulls and bears have largely reached an impasse. Although Chainlink has a history of forming price trends independent of the rest of the market, it has lost some of this independence over the past few weeks as it begins moving in lockstep with Bitcoin. LINK is currently trading down 50% from its recent highs that were set roughly one month ago. Despite the…