DeFi on the Ballot: Yearn Developer Matt West Is Running for Congress

First a MakerDAO lobbyist, now a Yearn candidate. As regulatory stormclouds gather over Washington and crypto advocates seek to obtain a louder voice in U.S. politics, one Yearn.Finance developer is running for Congress on a pro-crypto platform. That said, he may need the decentralized finance (DeFi) community’s help if he hopes to win. On Oct. 12, Matt West declared his candidacy for Oregon’s newly formed 6th U.S. House district. West holds a Ph.D. from the University of Texas in chemical engineering with a focus on renewable energy, and works at…

Analyst nails Bitcoin monthly close 2 months running — his October target is $63K

Bitcoin (BTC) was keen to retain $44,000 on Oct. 1 as the monthly close sparked a late show of strength. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC monthly close matches PlanB prediction Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it first returned to the $44,000 mark Thursday, then test lower levels before heading even higher. While still not tackling resistance at $45,000 and higher, Bitcoin did not disappoint with its end-of-month performance, this almost exactly matching predictions from stock-to-flow model creator PlanB for a second month running.…

Green Bay Packers Running Back Aaron Jones Joins Crypto Exchange FTX's Ambassador Team – Bitcoin News

On Tuesday, the crypto firm FTX Trading Ltd, announced that the Green Bay Packers running back Aaron Jones has joined the company as an FTX Ambassador in a long-term partnership. The collaboration with the NFL player follows the firm’s partnership with seven-time Super Bowl winner Tom Brady and his wife Gisele Bündchen. FTX Inks Long-Term Partnership With NFL Running Back Aaron Jones Crypto asset company FTX continues to make deals in the world of professional sports as just last week, FTX partnered with the Mercedes-AMG Petronas Formula One team. FTX…

Former US Director of cybersecurity: Crypto ransomware ‘running wild’

Former Department of Homeland Security official Christopher Krebs called for greater governmental oversight of cryptocurrency in an interview yesterday, saying that anonymous payments are a threat “the average American is concerned about.”  In an interview on Late Night with Bill Maher, Maher asked the former U.S. Cybersecurity & Infrastructure Security Agency director about his thoughts on Bitcoin. “What’s gonna happen with Bitcoin? Where do you see that going? That’s in sort of your area, I see it bringing down civilization, but maybe I’m being anti-intellectual,” said Maher. “Cryptocurrency is, as…

This Litecoin Fractal Says Time Is Running Out To Accumulate At Low Prices

Litecoin as a cryptocurrency has longevity behind it, digital scarcity, and a code that’s just like Bitcoin’s. Yet the reputation of the altcoin has been so tarnished, it has long lagged behind the rest of the market after being the once clear leader. Signs are mounting that this could soon reverse, and according to a fractal from past market cycles, time is running out to accumulate the silver to Bitcoin as digital gold at such low prices. Digital Silver Ready To Shine After Several Years of Dormancy When talking precious…

Twitter CEO Announces Running His Own Bitcoin Node, Here’s Why It’s Significant

Long term Bitcoin proponent and Twitter CEO Jack Dorsey announced on the platform on Feb 5 that he’s now running a Bitcoin node and doing his part for the network. Dorsey posted a tweet with a picture of a node setup captioned “running Bitcoin”.  Jack Runs A Bitcoin Node and Pays Tribute to Hal Jack Dorsey has 5.2M followers on Twitter and on press time, the tweet has accumulated 23K+ likes and 3.3k+ retweets, which makes it a major endorsement for Bitcoin by a top corporate figure, normalizing its status…

Are You Running a Bitcoin Node?: Survey

“Are you running the numbers?” This is what Bitcoin Core developer Andrew Chow is trying to find out in a new survey.  Sponsored by a grant from MIT’s Digital Currency Initiative, Chow crafted the survey “to get answers from people who are not current users” about why they don’t run a Bitcoin Core full node, the wallet software which simultaneously keeps a record of Bitcoin’s transaction history and connects users to other peers in the network. Bitcoin full nodes are like servers so, if you’re not running your own to…

Exchanges running out of ETH with reserves plunging 27% in 48 hours

The amount of Ether held on exchanges has plunged over the past two days, with CryptoQuant data indicating that just 8.1 million ETH is currently sitting in the reserves of centralized exchanges. The acceleration of ETH being taken off exchanges was highlighted by Nuggets News’ Alex Saunders, who noted a 10% drop in Ether reserves on centralized platforms on Jan.14 — from 11 million to 10 million over 24 hours. “Exchanges will run out of ETH in 10 days at current rate,” he predicted. Earlier today, Saunders noted the decline…

EToro warns users it's running out of crypto to trade due to 'unprecedented demand'

Israel-based exchange platform eToro is struggling to keep up with the demand from crypto traders according to an email sent to users earlier today. “The unprecedented demand for crypto, coupled with limited liquidity, presents challenges to our ability to support BUY orders over the weekend.” As a result, the platform is warning of “possible limitations to crypto BUY orders” and that “spreads on crypto assets may also be much wider than usual.” @MatiGreenspan I know you have a mega position on $BTC on eToro, A sat for your thoughts. pic.twitter.com/Xt12bAJGxJ…

Bulls keep running as Bitcoin price notches a new 2020 high at $15,950

In the last 24-hours the price of Bitcoin (BTC) rose by more than 10%, breaching the $15,000 handle for the first time since January 2018, and reaching a new 2020 high at $15,950.  Data from Cointelegraph Markets shows the BTC/USD pair briefly rose to $15,950 before retracing to $15,500. According to crypto analytics platform Messari, Bitcoin has now spent more than 20 days above the $15,000 barrier and 19 days above $15,109. This represents roughly 0.4% of the crypto asset’s life since it was created in 2009. BTC/USD daily chart.…