Day: November 15, 2020

Simple steps to keep your crypto safe

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As the cryptocurrency market is in the midst of a major bull run with Bitcoin (BTC) approaching its all-time highs, the security concerns of cryptocurrency self-storage are becoming more relevant than ever. On Nov. 12, Bitcoin — the world’s largest cryptocurrency by market cap — surpassed a $16,000 threshold for the first time since the 2017 rally landing BTC price at an ATH of $20,000. After hitting $16,300, Bitcoin has only ever been above this price for 12 days in its entire history. As Bitcoin is now sitting at its…

Bitcoin Cash Has Split Into Two New Blockchains, Again

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The Bitcoin Cash network, a result of a hard fork from Bitcoin, has split into two new blockchains, again. At press time, Bitcoin Cash ABC (BCH ABC) has received no hashpower, meaning that it is possible Bitcoin Cash Node (BCHN) will become the dominant software of the Bitcoin Cash network, according to data from Coin.Dance. The last “common block” among bitcoin cash miners was #661647, mined by Binance. The first block that split the Bitcoin Cash blockchain was mined by AntPool. Since then, hashpower has been in BCHN’s favor, as…

Yearn Finance formalizes operations budget as YFI rallies

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After a three-day voting period, this morning members of Yearn Finance’s decentralized governance approved Yearn Improvement Proposal 54 (YIP-54), formalizing an ongoing budget for operational expenses.  YIP-54 aims to improve on previous proposals, including YIP-36 and YIP-41, which allowed for expenditures relating to hackathons, grants, security audits, bug bounties, and operations employee salaries. Under YIP-54, community members will be able to audit expenses quarterly.   YIP-54 also included a provision allowing the newly-formed Operations Fund to “buy back YFI or other assets at its discretion.” Many Twitter users rejoiced at the…

Challenges To Opportunities In Mining Sector

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Panelists:- Mr. Sumit Deb, CMD of NMDC Limited Mr. Pankaj Kumar Satija, Chief Regulatory Affairs at Tata Steel. Mr. Rana Pratap Singh, Vice President Business Development Iron Ore at Adani Enterprise. Session Chairman:- Mr. Sushim Banerjee, Former Director General of INSDAG. Moderator:- Mr. Santosh Mahanti, Editor & Managing Director of ISR Infomedia Private Limited. Host:- Mr. Angan Chatterjee, Marketing Manager at ISR Infomedia Private Limited. Video Edited By:- Debashish Roy. ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

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Can blockchain make a difference? Africa sees vast monetary potential

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As technological innovations continue to spread across Africa, the continent could provide some unique use cases for blockchain technology. African has been continually driving innovation in a number of spaces, with mobile payments a prime example of the potential for technology to drastically improve the lives of everyday Africans. While many countries in Africa are still considered to be developing economies, some of its most prominent states have been at the forefront of technological innovation. The use of blockchain technology is becoming part of the equation as it permeates different…

Hash Watch: The Highly Anticipated Bitcoin Cash Fork Is Now Complete

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The Bitcoin Cash community has been patiently waiting for weeks for the November 15, 2020 upgrade and the day is finally here. Every six months the Bitcoin Cash network upgrades, but this time around, a conflict sparked over Bitcoin ABC’s Infrastructure Funding Plan (IFP). During the course of the day, the following editorial will be monitoring the Bitcoin Cash upgrade in real-time so our readers can be kept up to date. Shortly after 12:00 p.m., UTC on November 15, 2020, Bitcoin Cash experienced a scheduled upgrade. Bitcoin Cash developers from…

NewsCrypto Launches New Trading Simulator 2.0 Tool 

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Like the vast majority of tools and features on NewsCrypto, the Trading Simulator is provided free of charge to all registered users.  This year, the vast majority of cryptocurrencies have exploded in value, and many are now at or close to their highest value in 2020 so far. As a result, there has been a surge in interest in the market, and a large number of cryptocurrency traders are pulling in impressive returns. But it isn’t without its risks. Cryptocurrency trading can be a double-edged sword, where the knowledgeable and experienced…

Grayscale Bitcoin Trust (GBTC) Share Price Rises by 63% in Q4 2020

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Quick take: The share price of Grayscale Bitcoin Trust (GBTC) has increased by 63% since October 1st Grayscale continues to accumulate Bitcoin (BTC) owning approximately 2.7% of the total supply Investors who believe Bitcoin is overpriced could be buying GBTC as a long term hold The share price of the Grayscale Bitcoin Trust (GBTC) has increased by 63% in the fourth quarter of 2020. October 1st found GBTC trading at $11. At the time of writing, the same GBTC was valued at $17.96 as markets closed for the weekend on…