September 30, 2019

Bitcoin Hash Rate Slows Uptrend as Fire Scorches Mining Farm

Ouch, Crypto Mine on Fire While Bitcoin is a digital coin, it has a physical component: nodes and miners. A network of tens of thousands of mining machines constantly process transactions and place them into blocks, creating a chain. Due to their physicality, these machines are susceptible to risk. A “mega farm” recently found this...
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$24 Million SEC Penalty: Block.one Spent More On A Domain Name

Block.one may have raised something in the order of $4 billion in its ICO, allegedly falling afoul of SEC regulations on the sale of an unregistered security: but who cares? EOS fans will be delighted to know that the dApp platform’s chief architects agreed to a settlement with the SEC today that sees them pay...
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Financial Giant Fidelity Backs Bitcoin Derivatives Yield Fund

The Los Angeles-based Wave Financial has announced the launch of a bitcoin derivatives-based yield fund and Fidelity will provide custody for the fund’s BTC reserves. Wave Financial’s crypto fund commencement is part of a growing trend toward launching BTC derivatives products. CME Group has also revealed the derivatives marketplace will provide options on its bitcoin...
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Sequoia-Backed Startup Enters DeFi Market With Bitcoin Binary Options

Another participant is entering the decentralized finance (DeFi) fray. The Sequoia-backed data management startup, Band Protocol, announced Monday the mainnet of its decentralized trading app. The dapp functions as a brokerage – without a centralized authority to confirm prices or collect fees – for ether-denominated binary options. Dubbed BitSwing, users can take long or short...
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Binance Research: Bakkt to Blame For September’s Bearish Performance

The crypto industry lost significant momentum during September. Binance Research claims that one of the potential reasons for this may have been people ‘selling on the news’ of Bakkt launching. Bakkt Launch Fell Flat Most notably, on September 23, 2019, Bakkt Bitcoin futures contracts started trading. However, what was hoped to be a groundbreaking moment...
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Ethereum Surges Over 5% as Analysts Eye Movement to $220

Ethereum has extended its upwards momentum after briefly facing a bout of selling pressure yesterday that sent it reeling into the $160 region. Today, however, ETH has surged over 5% and is now nearing the $180 region.This upwards momentum has come about as the aggregated crypto markets recovered from a sharp drop that occurred overnight,...
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Zimbabwe Bans Mobile Money and Foreign Pricing

Numerous countries find themselves in major financial peril these days. Zimbabwe is one of the many African countries in dire need of a change. Recent regulations imposed by the central bank continue to limit financial options for both companies and individuals alike. These new guidelines do not bode well for Bitcoin adoption in the country...
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Bitcoin Breaks Above Key Resistance Level; Is a Trend Shift Imminent?

Bitcoin has been facing significant selling pressure over the past several weeks, which came about after the crypto broke below the lower boundary of the long-established descending triangle that it had been caught within for the past several months. Despite this, BTC is currently expressing some signs of bullishness after finding significant buying pressure within...
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Forget About ICOs. Serial Entrepreneur Marvin Steinberg Explains Why STOs are the Future

Over the last few years, companies have felt that it’s becoming increasingly difficult to reliably raise capital needed for expansion. Subsequently, founders began to seek fundraising methods beyond the traditional channels.  Fortunately, the timing was just right for an innovative solution. Marvin Steinberg, a serial entrepreneur, explains that Blockchain technology, quickly became an obvious solution...
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Stellar Development Foundation announces proposal to tackle network inflation

While the idea of eliminating inflation from the Stellar protocol has been in discussion since an year, the foundation announced its most recent decision, “We think it’s a good idea to disable the current inflation mechanism. We’ve implemented a change in version 12 of Stellar core that would do just that, and we encourage validators...
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Court Orders Purported Crypto Company Longfin to Pay $6.7M Penalty

The United States District Court for the Southern District of New York has ordered purported cryptocurrency company Longfin to pay a total of $6,755,848 million in penalties. Falsely obtained qualification for Regulation A+ offering On Sept. 30, the Securities and Exchange Commission (SEC) announced that a New York federal court entered a default ruling against...
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Join Us in Tokyo for a CoinDesk On Tap Event

CoinDesk will be visiting Tokyo in two weeks and we’d love to meet some of our readers for an informal gathering on Monday, October 14 at 6 p.m. We haven’t chosen the official location yet but are open to suggestions for venues. Please fill out the recommendation form below. In addition to the meetup, we...
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A Royal Bitcoin Request? Scammers Pray on Britain’s Brexit Fears

Bitcoin has been involved in some pretty brazen efforts to scam people out of money. However, the latest might just be the most ludicrous.A fake letter, apparently from the desk of a member of the Queen of England’s staff, has been reported. In it, her royal highness appeals to the reader to donate Bitcoin to...
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Stellar Developers aim to Remove Inflation From the Ecosystem

Inflation is a curse in the financial sector. Even in the cryptocurrency world, it is an issuance model best avoided altogether. The Stellar Foundation acknowledges it may be best to get rid of these excess assets altogether. Although first proposed a year ago, the team is now ready to remove the inflation mechanism from its...
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Justin Sun’s BTT Token Gets Delisted From Binance

A new Zcash bug was discovered lately, showing that the implementations and most of the coin’s forks could leak metadata that contains nodes with the IPs of the shielded addresses (zaddr). As the crypto news show, the bug was first discovered by the Komodo (KMD) core developer Duke Leto, who disclosed in a blog post...
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Bitcoin Forms Bullish Tweezer Bottom; Analyst Anticipates Swift Relief Rally

After incurring a sharp sell-off last night, Bitcoin’s bulls stepped up to the plate and were able to propel the crypto back into the lower-$8,000 region. This latest bout of volatility further confirms the notion that the upper-$7,000 region is a bastion of support for BTC.Importantly, this price action also allowed the cryptocurrency to form...
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XRP Surges 7% as Technical Strength Builds; Here’s What Analysts are Saying

After facing a swift selloff overnight, the aggregated crypto markets have been able to post a strong recovery today, with XRP and most major altcoins surging as Bitcoin reclaims its position within the lower-$8,000 region after briefly dipping to $7,800. Analysts are now noting that XRP’s recent price action has allowed it to form robust...
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German Police Seize Second Crypto-Fueled Cyberbunker

German police have raided and shut down Cyberbunker 2.0, a decommissioned NATO bunker that housed dark web market servers and child porn. The bunker, hidden in the Mosel River town of Traben-Trarbach, held multiple stories of servers as well as “$41 million worth of funds allegedly tied to these markets,” according to security researcher Brian...
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Binance extends support for TRX staking after removing BTT and WIN trading pairs

Earlier today, Malta-based cryptocurrency exchange Binance revealed that it would be removing around 30 trading pairs. The exchange also removed two of the Tron Foundation’s tokens, BTT and WIN which were paired against BTC. Binance CEO Changpeng Zhao cited that reason behind this move was because of their low number which required users to trade...
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Central Banks in Panic Mode – Extreme Tactics Like Helicopter Money Discussed

Central banks worldwide continue to inject more stimulus into the economy as they predict the onset of a new financial crisis. In the face of a sluggish economy, monetary easing, negative interest rates, and ‘normalizing’ the balance sheet is the name of the game these days. Now central banks are contemplating even more unconventional methods...
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?Litecoin Casino Guide | READ THIS Before Litecoin Gambling

Litecoin Casino Guide – Top 5 Litecoin Gambling Sites 2019 5 (100%) 3 votes Litecoin is widely considered the little brother to Bitcoin, and is one of the internet’s favourite cryptocurrencies, with one of the highest market capitalisations of any coin. This well-established coin is supported by dozens of Litecoin casino websites and Litecoin sportsbooks,...
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Ripple Sends $15.3 Million XRP to Trading Address, Is a Dump for the Crypto Incoming?

Ripple, the company behind the XRP crypto asset, has reportedly just moved around $15.3 million worth of the digital currency to a wallet associated with over-the-counter sales. The news could be a sign that the firm is planning to dump yet more of its XRP tokens on the market.Ripple is by far the largest holder...
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Sex, Drugs & Game of Thrones: the McAfee Guide to Surviving Bitcoin’s Apocalypse

September brought a painful reckoning to the cryptocurrency market, ushering in a brutal bitcoin price crash that wiped thousands of dollars – and months of progress – off the asset’s hard-fought recovery. To make matters worse, bitcoin’s terrifying technical picture is leading analysts to augur even sharper losses in the coming weeks, with longtime skeptics...
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Bitcoin (BTC) Price Screams Buy As US Dollar, Stocks Rally

All’s well that end’s well. The US stock market seemed to have followed the message in spirit as it started the week and ended the month today on a ‘green note’. And speaking of green, greenback, the US dollar hit its highest level since 2017. Bitcoin 00 markets haven’t stayed behind either as BTC rose...
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ECB wants to ensure if Facebook’s Libra is actually stable; not concerned about private backers

Facebook’s tryst with the regulatory authorities has not been great, with lawmakers expressing concern over Libra’s backers is not surprising. But the only concern, according to the ECB Executive Board member Benoît Cœuré, is whether the stablecoin will be properly regulated. He stated that European Central Bank wanted to make sure if the stablecoin is...
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NEO’s strategy of ‘pragmatic’ centralization

One of NEO’s competitive advantages over Bitcoin and Ethereum is its ‘pragmatic’ approach toward centralization, argues founder Da Hongfei. Leveraging centralization One of NEO’s main criticisms is its centralization, both politically and architecturally. Right now, the NEO Foundation and its related organizations—for-profit NEO Global Capital and non-profit NEO Global Development—hold enormous power. Moreover, final decision-making...
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Crypto Markets Showing Signs of Recovery, Bitcoin Hovers Around $8,200

Monday, Sept. 30 — Bitcoin (BTC), together with most altcoins, has been trading relatively flat in the last 72 hours, but the overall crypto market seems to be ready to turn around. Cryptocurrency market daily overview. Source: Coin360 Bitcoin has not yet been able to recover from last Tuesday’s double-digit losses, but the coin is...
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The Crypto Ratings Council Is Here, But Does It Hold Any Weight?

A cabal of cryptocurrency’s biggest companies have come together to launch a system for measuring a coin’s likelihood to be caught up in U.S. securities regulations. Coinbase, Kraken, Grayscale Investments, Bittrex, Poloniex parent company Circle and Anchorage custody services, among others, have established the Crypto Ratings Council (CRC). This council will rate specific cryptocurrencies on...
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Band Protocol Lets You Bet On Bitcoin With Oracles

If trading cryptocurrencies isn’t risky enough, you can now spice up your life with BitSwing, a decentralized binary options trading app developed by Band Protocol. Binary options are similar to a wager you’d do with your friends: if the price of an asset is above a certain defined value at a certain time, you get...
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Crypto Analyst: Altcoin Apocalypse Caused Bitcoin Bear Market

Bitcoin was the first cryptocurrency to ever be created, and any crypto assets created after it are referred to as altcoins. These altcoins promise to improve upon Bitcoin in a number of ways – from faster transaction speeds to a larger supply and other attributes – and to bring investors gains similar to that of...
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