Monthly Archives: September 2020

Schiff buys more Bitcoin: But there’s a twist

It all goes horribly wrong for Peter Schiff, as Twitter rejects his advice in favor of his college freshman son’s wisdom. The vast majority of Twitter users trust 18-year-old Spencer Schiff’s investment advice over that of his father, Peter Schiff — a renowned gold bug and Bitcoin critic. “Against my advice my son just bought even more Bitcoin,” said Schiff. “Whose advice do you want to follow?” Against my advice my son @SchiffSpencer just bought even more #Bitcoin. Whose advice do you want to follow? A 57-year-old […]

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‘Exclusive mining’ could have negative implications for the Blockchain industry, say experts

A new mining concept is facing criticism in the blockchain sphere. Dr. Elias Strehle of the Blockchain Research Lab and Lennar Ante of the University of Hamburg recently warned that blockchain nodes engaging in exclusive mining “have no incentive to forward new transactions to their peers.” They speculated that crypto miners may instead be incentivized to keep transactions confidential “in the hope of being the only one who can earn the associated transaction fees.” Exclusive mining, which is a type of collusion between a transaction initiator and […]

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UK Digital Bank Ziglu Launches P2P Payments for Bitcoin and Bitcoin Cash

London-based challenger bank Ziglu said Monday that it has been licensed as an Electronic Money Institution (EMI) by the U.K.’s Financial Conduct Authority. After receiving the permit, the fintech start-up immediately launched peer-to-peer (P2P) payments for both crypto and fiat currencies. Ziglu founder and chief executive officer Mark Hipperson said the EMI license allows the firm to issue electronic money (e-money) and to provide payment services. The permit was issued on September 1, more than a year since the initial application. It also required the company to […]

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DeFi boom leaves former altcoin darlings in the dust — But for how long?

The strong performance from DeFi tokens has far eclipsed that of many top-10 altcoins but how long can this trend last? The rapid popularity and investment growth observed in the Decentralized Finance (DeFi) sector has reflected heavily on the price charts with DeFi and yield-related tokens like Yearn.finance (YFI), Aave (LEND), and others rallying to their all-time highs in 2020. YFI alone has surged 10x since listing. In fact, most high-profile DeFi-related tokens have outperformed Bitcoin (BTC) and other altcoins by a long stretch. Even governance and […]

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Ransomware hackers shut down Argentina’s borders, demand $4M BTC

Officials shut down border checkpoints for 4 hours on Aug. 27. Government officials in Argentina are refusing to negotiate with a ransomware group that forced them to briefly close all immigration checkpoints on Aug. 27. According to a Sept. 6 report on Bleeping Computer, a group of Netwalker ransomware hackers breached Argentina’s immigration agency, Dirección Nacional de Migraciones, on Aug. 27 and initially demanded a $2 million payment to restore its servers.  “Your files are encrypted,” stated a ransom note on a Tor payment page sent to […]

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Blockstream’s Liquid pushes for DeFi with new decentralized exchange

Bitcoin DeFi is coming, but it’s not really on Bitcoin. A decentralized exchange built on the Liquid network is opening for early access on Monday. Called TDEX, the project has announced its entry into an Open Alpha stage. It’s being built by Sevenlabs — a firm that provides consulting and white-labeling services in addition to its current work. The exchange provides a fairly unique twist to the Automated Market Makers currently dominating on-chain exchange volume. The TSWAP protocol used by the exchange focuses on ad-hoc atomic swaps, […]

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Price analysis 9/7: BTC, ETH, XRP, LINK, BCH, DOT, BSV, BNB, LTC, CRO

Bitcoin and altcoins could consolidate in a tight range for a few days before making the next decisive move. Corrections are healthy for the strength of an uptrend because they shake out the excess exuberance and provide an opportunity to the traders who missed the bus earlier to make an entry at lower levels. About 68 crypto investors did the same thing when they used the recent dip to purchase anywhere between 1,000–10,000 Ether (ETH).  Buying against the prevailing short-term negative sentiment during a correction is not […]

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Whale Watch: 68 New Whales Join ETH Network, BTC Holds Lowest Concentration of Whales

Onchain data shows that during the market carnage this past weekend the number of ethereum whales increased significantly, while ETH prices dropped by 30%. Analytics from the data firm Santiment shows 68 new whales joined the network during the last three days. During the last three days, cryptocurrency prices dropped considerably but ethereum (ETH) and a handful of defi tokens took some deeper losses in comparison. Over the weekend after the Sushiswap fiasco, ETH and a number of ERC20 token prices plummeted, losing 30% in value. The […]

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Bitcoin price charts hint at double-bottom, relief rally to $10,800

Bitcoin has been clinging to the key $10,000 BTC price level all weekend as technical factors point to a short-term relief rally. Last weekend was incredibly rough for most cryptocurrency investors as massive sell-offs occurred. The price of Bitcoin (BTC) dipped below $10K several times but seems to have found short-term support at this level.  The primary question for the markets is whether a relief rally is around the corner or further downside movement is expected.  Let’s take a look at the charts to determine what might […]

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How to provide liquidity to cryptocurrency exchange

Liquidity is one of the most important factors in a cryptocurrency exchange or brokerage’s long term success. A trading venue’s liquidity represents how easily a trader can use the platform to exchange one asset for another. If a trader sends a market order to buy or sell an asset and the venue can’t find enough buy or sell orders to complete the transaction at a reasonable price, the venue is likely struggling with low liquidity — and the trader is likely to take their future business elsewhere.  […]

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