Bitcoin hits $24K

Bitcoin chart 2020

Bitcoin hits a fresh all-time high of $24,210 on Coinbase as volatility ensures the weekend bulls are not yet done. Bitcoin (BTC) set a new all-time high on Dec. 19 as markets continued to deliver surprises in weekend trading. Data from Cointelegraph Markets and Tradingview showed BTC/USD just eclipsing its record level set this week, reaching $24,210 on Coinbase before reversing. Volatility was high as the previous all-time high of $23,777 just gave way before resistance kicked in once again. According to exchange orderbook data, sellers are ready at $24,000,…

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Germany legalizes digitized securities

Germany blockchain

Europe’s largest economy is looking to pave the way for securities trading on the blockchain. The German word for securities is wertpapieren, or “papers of worth,” which may soon be as outdated as nocturnal traders saying they’re burning the midnight oil. Per a Reuters report from Wednesday, Merkel’s cabinet had passed a new law that will end the requirement to have a paper certificate for sale of a security, overtly looking to advance blockchain trading within the country. German Finance Minister Olaf Scholtz reportedly said, “The paper certificate may be…

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Bitcoin price consolidates as traders contest the $18.2K to $19.5K range

BTC-USDT daily chart TradingView

After an impressive run to a new all-time high on Dec.1, Bitcoin (BTC) price appears to have entered a short consolidation phase as the price ranges between $18,200 and $19,500. The 1 and 4-hour charts show the price compressing into a pennant-like structure and break out from the pattern would likely see the price move to the $19,400 level where is a bit more resistance. A breakthrough the pennant would also suggest that the $19,000 level could now function as solid support and if bulls are able to flip the…

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PayPal CEO: Our platform will ‘significantly bolster the utility of cryptocurrencies’

PayPal cryptocurrency wallet

PayPal’s chief executive believes cryptocurrencies are on the verge of mainstream adoption as more businesses and consumers flock to “digital payments and digital forms of currency.” In an interview with CNBC, PayPal CEO Dan Schulman said the pandemic has accelerated the shift to digital forms of payments. PayPal wants to be at the forefront of the ongoing digital transformation. Schulman said the “use of cash has declined precipitously” amid the pandemic, adding that “40 to 70% of consumers no longer want to handle cash.” PayPal is not just making it…

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New Huawei smartphone will feature a hardware wallet for digital yuan

HUAWEI Mate 40 Pro

The Mate40 series will reportedly enable dual offline transactions and allow users to control anonymity. Huawei has announced that its forthcoming Mate40 smartphone series will include an integrated hardware wallet for China’s central bank digital currency, the digital yuan. This will be the first smartphone to feature such a wallet, according to an official Huawei post on Chinese microblogging website Weibo on Oct. 30. The post also promises that users will be able to control and protect their anonymity and perform dual offline transactions. These enable mobile phone users to…

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More than $1B in Bitcoin has been tokenized for DeFi

BTC locked in DeFi

Almost 100,000 Bitcoin are now tokenized on Ethereum, more than half of which have migrated over the past 30 days. More than $1 billion worth of Bitcoin (BTC) has now been tokenized to access decentralized finance protocols on the Ethereum network. That’s equivalent to the entire total value locked, or TVL, in DeFi less than four months ago. According to DeFi Pulse, roughly 98,300 BTC (worth $1.05 billion) has been tokenized using protocols other than Blockstream’s Lightning Network — equating to more than 12% of the DeFi’s sector’s $8.57 billion…

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The seventh annual Hackers Congress Paralelní Polis

HCPP20

The well-loved cypherpunk event is back – this time warning of the impending Digital Totality The annual Hackers Congress (HCPP) will take place on October 2nd-4th in the stunning venue of Paralelní Polis, Prague. Traditionally, it gathers freedom activists, technology geeks, artists, and scientists. Every HCPP has a current topic – a provocative idea behind it. As it usually explores the binding constraints of global political and economic systems, this year’s manifesto states, “2020: a year of Digital Totality.” The event will feature opinions by experts on how society can…

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Etherum Fees Double In a Week As DeFi Heats Up

ethereum fees

The average fee for transactions on Ethereum has reached its second-highest level ever, after setting the record earlier this month. Ethereum fees remain at historically elevated levels, as miners scramble to add capacity and profit from record-breaking network activity levels. Average transaction fees on the Ethereum network have more than doubled since last week, rising to $11.61 on September 17 and maintaining a streak of prices above $2 that’s now lasted for more than a month, far longer than any previous stretch at those levels. The Ethereum blockchain hash rate—the amount…

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MicroStrategy bought Bitcoin for $250 million

MicroStrategy

MicroStrategy, a Virginia-based business intelligence software company that trades on the NASDAQ, announced on Tuesday it has acquired 21,454 Bitcoin in what describes as a “capital allocation strategy.” The move is a novel one for a publicly traded firm. While many companies put surplus capital into bonds and other investments as part of their treasury management strategies, a bet of this size on Bitcoin is all but unheard of. “[I]nvesting in the cryptocurrency would provide not only a reasonable hedge against inflation, but also the prospect of earning a higher…

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Philippines Central Bank Governor Confirms Interest in Launching A Digital Currency

Filipínská vlajka

The central bank of the Philippines, otherwise known as Bangko Sentral ng Pilipinas (BSP), expresses its interest in launching its own central bank digital currency (CBDC). In a story first covered on Bloomberg, the governor of BSP, Benjamin Diokno, stated the country had formed a research committee on the possible launch of digital currency. The article further states that the research team is set to release its findings in the coming month. The committee, which was formed earlier this year, started its research on the policy implications and potential feasibility…

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FC Barcelona’s BAR Token Price Jumps Over 150% on First Trading Day

FC Barcelona

Premier soccer club FC Barcelona has launched a token earlier this week in a token sale that ended in the space of two hours. In it, 600,000 tokens were sold at €2 ($2.25) each, and these tokens are now already trading above €5.6 (around $6.35). The tokens, known as Barça Fan Tokens, were bought by the club’s supporters either through the club’s own “Socios” voting platform or through Chillz, a sports-specific token platform and exchange. The team is, in part, managed by its socios. Total trading volumes for Barcelona’s BAR…

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John McAfee’s Ghost Distributed Exchange Now Live

Ghost Distributed Exchange

John McAfee’s controversial Ghost distributed exchange is now live, the cryptocurrency advocate announced on Twitter over the weekend. The Ghost distributed exchange is related to McAfee’s privacy project Ghost, a Proof of Stake privacy coin intended for more anonymous transactions. McAfee clarified on social media that Ghost will replace the McAfeeDEX distributed exchange. The Ghost main net itself is expected to go live on June 22. Ghost has been the subject of contention for months especially after McAfee himself admitted Ghost “copy-pasted” parts of its white paper from PIVX. Even…

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User Pays a Second $2.6 Million Fee in Ether Transaction

ETH Transaction Fee

History repeated itself on Thursday, after the Ethereum blockchain processed another transfer with fees of $2.6 million – the second such unusual, record-fee transaction in 24 hours. A user sent 350 ether (ETH), worth about $86,400 and paid 10,668 ETH, or $2.6 million, in transaction fees. The latest transaction was mined on block 10241999 by the Ethermine pool, a unit of Bitfly. Notably, this is a transaction that originates from the same address, of the same customer who paid the same amount of fees yesterday to send just $134 worth…

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Brave under fire for affiliate link autofill

brave browser aff link

Brave appears to have removed a controversial feature that was auto-filling the company’s affiliate link when a user attempted to access Binance. Crypto-powered privacy-focused web browser Brave has come under fire for automatically filling an affiliate link into its address bar when a user attempts to access the website for leading crypto exchange Binance and its United States-based subsidiary Binance.US. Brave’s co-founder and chief executive, Brendan Eich, has acknowledged the “mistake,” pledging that the error will soon be corrected to remove the automatic completion of its affiliate link after the…

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Atari token finds a home on new blockchain gaming network

Atari Token

Partnership between Atari and Arkane Network will allow developers to integrate the new token for buying, selling, and trading assets. Atari helped kick off the gaming revolution, and now the brand—which has changed hands many times since the 1970s—aims to help lead the crypto revolution in gaming with its recently-revealed Atari Token and online casino plans. Today, the company revealed the next step in its plan to entrench the Atari Token within the gaming ecosystem, announcing a partnership with Arkane Network to implement the token within its blockchain app development…

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