October 12, 2019

Crypto and Blockchain News From Brazil: Oct. 6–12 in Review

This week’s selected cryptocurrency news from Brazil, courtesy of Cointelegraph Brasil
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KuCoin and SlowMist Zone launch bug bounty program

Blockchain security company SlowMist announced on October 12 on Twitter that cryptocurrency exchange KuCoin joined their SlowMist Zone and launched a security vulnerability and threat intelligence bounty program. According to the announcement, the reward for finding serious vulnerabilities can be as high as $10,000. Once a bug has been reported, it can take up to 3 days for...
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Investor says Bitcoin price could drop to $6k based on GBTC premium

According to Timothy Peterson, an investor at Cane Island Alternative Advisors, the Bitcoin price could drop to the $6,000 region due to the gap between BTC and GBTC. Historically, Peterson said that the bitcoin price has followed the trend of the premium of the Grayscale Bitcoin Investment Trust (GBTC), an investment vehicle used by accredited...
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Analysts Expect Altcoins to Outperform as Bitcoin Price Stagnates

Around three weeks back, altcoins suddenly started to rip higher; Ethereum gained 10% in a single day, Litecoin rocketed up by 8%, XRP gained some 20-30% in three days’ time, and so on and so forth.But since then, this odd trend in the crypto market, which has been dominated by Bitcoin for the better part...
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6 Monitoring Websites That Help Track Bitcoin Cash Data

When it comes to cryptocurrency networks and markets, there’s a lot to keep track of. Thankfully there’s also now a bunch of dedicated bitcoin cash (BCH) data websites that provide easy to comprehend visual representations of network statistics and market indicators. Also read: Slovenia Has the Most BCH-Accepting Physical Locations Worldwide Monitoring BCH Network Statistics...
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IOTA Price To Be Ruled By Bearish Trend In The Short-Term

The IOTA price is in the latest cryptocurrency news because of its recent surge and the new scalability enhancing algorithm that is built within the network.In times when the Internet of Things (IoT) industry is expected to rise to more than $325 billion by 2023, the IOTA Foundation is ready to captialize on the projection....
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Russia Sees No Benefit In Launching National Crypto Assets

The Sacramento Kings, a team from the NBA in United States, is the first professional sports team from the country which has developed a crypto token for fan rewards. The team was in the crypto news lately and its CTO Ryan Montoya recently told news sites the following: “Fans can get those points and put...
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Ethereum’s lack of native multisig functionality is a ‘security problem’

Bitcoin startup Casa, has become one of the prominent projects to lead the ecosystem’s goal toward mass adoption. Recently, Casa CTO Jameson Lopp featured in one of the podcasts to discuss the company’s role in improving Bitcoin’s overall security. In this context, Lopp explained how “spreading out the keys” both geographically and digitally reduces the...
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Crypto Tidbits: Bitcoin ETF Denied, Libra Loses Visa & eBay, SEC Crackdown on Telegram’s Blockchain

Another week, another of Crypto Tidbits. This week, Bitcoin traded within a relatively wide range — $8,200 to $8,900 — but is closing at a very similar level to last week.  Analysts are currently divided over what this consolidation means for the cryptocurrency market’s short-term future.Price action (or lack thereof) aside, this week was hectic for...
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The SEC Prevents Telegram From Issuing TON Tokens to US Investors

The SEC continues to crack down on any token offerings or initial coin offerings which may violate securities laws. The latest victim in this crusade is Telegram Group Inc. Their TON tokens raised US$1.7bn in funding, although the SEC is now considered about this development. Given how these tokens would be distributed in the next...
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FINRA-Licensed Broker-Dealer Welcomes Smartlands To America

It ain’t easy moving to America these days, but Smartlands is bucking border-tightening trends with its latest announcement. The UK-based project, launched in 2017 on the Stellar (XLM) network, is setting up house across the pond, following the signing of a cooperative agreement with IIP Securities. The US-based FINRA-licensed broker-dealer has given the rubber stamp...
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Bitcoin options market pricing only 5% probability of pushing past $20K by March

Skew, a company that provides real-time data analytics for Bitcoin and Ether derivatives, recently posted on their Twitter account how their data suggested the options market is only pricing in a 5% probability of Bitcoin pushing past $20,000 in March next year. The options market is only pricing in a 5% probability of BTC >...
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Bitmain CEO Claims Bitcoin Halving May Not Spark Bull Run

Analysts and investors alike have long looked towards Bitcoin’s halving as a potential catalyst that could spark the next massive parabolic rally and usher in a new era of growth for BTC and the aggregated crypto markets.It is important to note, however, that one prominent figure within the Bitcoin mining industry is now noting that...
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Litecoin targets bullish breakout as descending channel takes form

Litecoin, the digital silver was worth $56.48 after a minor slump of 0.50%, at press time, holding a market cap of $3.583 billion. During the past weeks, the coin failed to gain a breakout to the upside and bulls rested below the crucial $60-range. Litecoin’s 3-Day Chart: Source: LTC/USD on TradingView The candlestick arrangement on...
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Crypto News From the German-Speaking World: Oct. 6 – 12 in Review

From Cointelegraph auf Deutsch: This week’s selected cryptocurrency and blockchain news from the German-speaking world
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IRS to Require 150 Million Tax Filers to Disclose Crypto Dealings

The U.S. Internal Revenue Service (IRS) has unveiled a new draft tax form used by some 150 million people in the country to file tax returns. It has a section that requires them to answer whether they have received, sold, sent, exchanged, or acquired any financial interest in any cryptocurrencies during the year. Also read:...
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Bitcoin May Target $5,000 in Near Term as Momentum Falters

After surging from its recent lows of $7,800, Bitcoin has been unable to extend its upwards momentum and has continued trading sideways within the lower-$8,000 region. This bout of consolidation has made it increasingly unclear as to which direction BTC will move next, although its next major movement should provide significant insight into this.One analyst...
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Ethereum’s falling wedge pattern formation could lead coin to $275

Despite a brief rally to $196 against the US Dollar last week, Ethereum retreated soon after and currently changed hands at $184.78, according to data from CoinMarketCap, with a market cap of 19.97 billion, at the time of writing. October has not been bullish for the coin and positive patterns are yet to gain prominence...
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Bitcoin Price Diary: How REN/BTC Double Bottom Made Me 49% Profit

“A bounce was somewhat inevitable,” a veteran trader explains after executing a profitable trade with REN/BTC and BTC/USD
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10 Years Since The First Bitcoin Transaction: 5050 BTC For $5

It’s safe to say that Bitcoin has come a long way since it was first introduced to the public. Interestingly enough, exactly 10 years ago on this same day, the first market transaction took place. Let’s have a look at how it went and where we are today.  Bitcoin 10 Years Ago Exactly 10 years...
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FATF Week to discuss stablecoin, virtual assets with IMF, UN, WB

Financial Action Task Force’s FATF week will see the representatives from 205 countries and jurisdictions around the world, the IMF, UN, World Bank, and other organizations discuss matters concerning the stablecoins and virtual assets and the risks associated with it. Among the many important issues, the global watchdog, in its official press release, revealed that...
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Ripple’s Transparency Opened The Network To An Attack: Garlinghouse

The blockchain news today show that the United States’ second largest bank appears to have hired a specialist that will implement blockchiain based payment network solutions via Ripple. We are talking about Bank Of America, which according to a job description on the professional social network LinkedIn (published on October 10), had officially stopped accepting...
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Crypto Rating Council Rates Litecoin With 1: LTC Not A Security

The online travel agency from Spain has recently expanded its payment methods and added a lot of new possibilities in the form of cryptocurrencies. Destinia launches crypto payments in five cryptocurrencies available to all users in Spain. The firm has been known and featured in the crypto news before for allowing purchases through Bitcoin.However, the...
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Crypto protagonist Bitcoin’s narrative flips with surge from $7,700 to $8,800

Bitcoin’s breakout after Bakkt announcement was brutal, the price dipped below the 200-day moving average and is still under it. The recent pump toward the end of October first week flipped the odds and now sides with the bulls. The October 7th Pump Source: TradingView Bitcoin’s pump on October 7 shaped the previous bearish pattern...
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Analysts Expect Ethereum’s Price To Drop Towards $170

The online travel agency from Spain has recently expanded its payment methods and added a lot of new possibilities in the form of cryptocurrencies. Destinia launches crypto payments in five cryptocurrencies available to all users in Spain. The firm has been known and featured in the crypto news before for allowing purchases through Bitcoin.However, the...
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Pushing for Crypto Self-Regulation Amid Tightening Government Scrutiny

Crypto exchanges in different countries are exploring ways to pursue effective self-regulation in the face of tougher government laws
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Blockchain Code Names: The Meaning Behind the Monikers

In the software world, code names are everywhere. You’ve probably noticed that Google names Android updates after desserts (at least, until the latest one), and you might remember when Apple named OSX releases after wild cats. If you’re a Linux fan, you probably know that Debian releases are named after Toy Story characters. Many blockchain...
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Harmony and Huobi Cross Paths in Asia

Huobi, a leading cryptocurrency exchange, and Harmony, a throughput scalable blockchain consensus platform have announced a partnership to list Harmony’s native token and work together with a focus on Asian markets. Harmony will be the first Binance IEO project to be launching on the Huobi exchange. According to the Huobi announcement, Harmony’s token, under the...
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Fed’s Hidden QE Becomes Norm; Bitcoin to the Rescue

Yesterday, the Federal Reserve (Fed) said it would restart buying bonds in the open market. Also, it will continue its overnight funding operations until January of next year. Fed’s Cash Injection Is Already Routine For the Fed, pouring cash into the markets is already routine. It seems that policymakers are trying to convince the public...
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Bitcoin, drugs and privacy rights: Silk Road trial raises important questions

“I think the government should be required to have a warrant to delve into our internet activity. Even the Supreme Court did not address this, leaving all of us vulnerable to secret government surveillance of what we do on the internet.” ~ Lyn Ulbricht, mother of Ross Ulbricht echoed the importance of 4th Amendment rights...
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