Day: November 11, 2020

Crypto education is key to curbing phishing scams

boss

As the global crypto economy continues to prosper, with Bitcoin (BTC) currently occupying the $15,500 region, questions regarding the overall safety and security of digital assets continue to persist, especially in the wake of a new scam whereby hackers made use of a phishing email to direct users to a fake Ledger website. According to various reports, victims were scammed to the tune of 1,150,000 XRP, worth approximately $290,000. Dave Jevans, CEO of blockchain intelligence firm CipherTrace and chairman of Anti-Phishing Working Group, told Cointelegraph, “Ledger should clearly have a…

WhiteBIT launches WhiteSwap DEX | Press release Bitcoin News

boss

PRESS RELEASE. TALLINN, Estonia, Nov. 10, 2020 – Leading cryptocurrency exchange WhiteBIT has launched WhiteSwap, a decentralized exchange (DEX) on Ethereum that gives control to the community. WhiteSwap aims to improve upon Uniswap V2 by giving 87% of governance tokens to the community, publishing a public vesting schedule for team and advisor tokens, and planning a cross-chain solution. Access the WhiteSwap DEX here: https://ws.exchange/ “The DeFi (DEX) market has two weaknesses: the first one is that projects are not truly decentralized, and the second one is that there are very…

Altcoins Could See a Raging Bull Market if Bitcoin Continues Trading Sideways

boss

Altcoins have been rocketing higher throughout the past few days and weeks, reaping the rewards of a stable Bitcoin and high Ethereum prices. Tokens within the decentralized finance sector – commonly referred to as DeFi – have been some of the biggest beneficiaries of the recent market-wide strength. Yearn.finance is currently trading up well over 100% from its weekly lows, while other blue-chip tokens within this sector have seen similar gains. Aave’s token is also up well over 100% and showing no signs of slowing down anytime soon. This trend…

Bridgewater’s Dalio Sees Governments Banning Bitcoin Should It Become ‘Material’

boss

Ray Dalio, the founder and co-chairman of Bridgewater Associates, the world’s largest hedge fund, said he sees three main problems with bitcoin and other cryptocurrencies that will limit their future, including that governments will “outlaw” them should they start to become “material.” In an interview with Yahoo Finance, Dalio said he expects more digitized versions of government-issued currencies in the future than bitcoin and other cryptocurrencies for three reasons: “I don’t think digital currencies will succeed in the way people hope they would,” Dalio said. “Would I prefer bitcoin to…

Bitcoin Hashrate Rebounds as Asian Miners Bring Machines Back Online

boss

Bitcoin’s hashrate bounced 30% Wednesday from quarterly lows on Nov. 2 as miners brought ASIC machines back online after relocating them out of China’s Sichuan province as the wet season ended in late October, as CoinDesk previously reported.  Bitcoin’s mining difficulty registered a record-setting percentage decrease on Nov. 3 – the largest since the advent of ASIC miners – as bitcoin miners shuffled their machines around the globe to access cheaper power causing the network’s hashrate to drop considerably. A “large percentage” of all machines taken offline through the end…

LiquidStake set to unlock liquidity for Ethereum 2.0 Phase 0 stakers

boss

As the launch date of Ethereum 2.0 approaches, an important issue in the staking mechanism is starting to be discussed in the community: the one-way nature of stake deposits. Prospective stakers in Ethereum 2.0 Phase 0 will not be able to withdraw or transfer their stake until after the rollout of Phase 1, which could take years. Ahead of this difficult choice, Darma Capital is one of several companies planning to offer intermediated staking that would let users have access to their capital. Through its LiquidStake initiative, both retail and…

Did Ethereum just bottom vs. Bitcoin? This is the last big hurdle before $600

boss

All eyes have been on Bitcoin price in recent weeks as the world’s biggest cryptocurrency rallied by more than 60% in a matter of weeks. However, the focus may soon shift to Ethereum’s Ether (ETH) as it approaches the final resistance zone before a big potential breakout. This is not only the case with the U.S. dollar pair but also with the Bitcoin (BTC) pair, as the latter may have just reached its cycle low. Could this mean that there’s an alt season on the horizon? The signals are certainly getting…

GDA Capital and Elitium Unveil Strategic Partnership

boss

This new partnership between GDA Capital and Elitium is expected to provide great new working opportunities. On November 10, reports emerged that the GDA Group’s capital markets arm, Global Digital Assets (GDA Capital), and Elitium (EUM) had agreed on a strategic partnership. This new alliance will enable the two firms to work on many joint initiatives, expand their global networks, and speak at many top industry events. Moreover, the partnership will help in the creation of extensive relationships with the leading blockchain adopters around the world. By description, Elitium is…

Average Bitcoin Trading Volumes Rise 2.7x to $3 Billion in Early November

boss

A Nov 10 report from Arcane Research shows that Bitcoin’s upward momentum is firm as average trading volumes across spot and derivative exchanges continue to rise. Bitcoin Price Bull Ran The Bitcoin price is now steady above $15,400 according to coin trackers. Adding an impressive 12 and 34 percent in the last week and month, respectively, buyers are firmly in control. Behind the upswing in momentum is the sharp spike in participation levels. For instance, in the first week of November, the seven-day moving average daily trading volume rose 2.7X to $3 billion, the…