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Topics - Lenipiw

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Bitcoin News & Updates / COVID-19, Trump, KuCoin, BitMEX: Bitcoin price says keep calm and carry on

« on: October 03, 2020, 02:48:41 PM »

Bitcoin’s stability throughout an eventful week shows traders are confident that the bullish uptrend will resume soon.
Bitcoin (BTC) price appears on the verge of closing another week pinned below the $11,000 resistance but given the major events of the week, things could have been so much worse.
Visit here: https://cointelegraph.com/news/corona-trump-kucoin-bitmex-bitcoin-price-says-keep-calm-and-carry-on

Ethereum News & Updates / Researcher suggests miners are manipulating Ethereum blocks to exploit DeFi

« on: October 01, 2020, 06:15:27 PM »

Miner Extractable Value is no longer just a theoretical concept. Some Ether (ETH) miners appear to be re-engineering blocks to take advantage of DeFi opportunities in an instance of what is termed “miner extractable value,” or MEV.

Miner extractable value was long anticipated by researchers as a potential exploit pattern for DeFi that leverages the miners’ unique protocol influence. Since miners have free reign over what transactions to include and in which order, this opens the way for several exploitation techniques for on-chain decentralized finance.
Visit here: https://cointelegraph.com/news/researcher-suggests-miners-are-manipulating-ethereum-blocks-to-exploit-defi

Bitcoin News & Updates / Bitcoin rises against USD after Mnuchin promises second stimulus check

« on: October 01, 2020, 06:08:22 PM »

$1,200 checks for Americans will definitely feature in any deal, says Steven Mnuchin, as DXY weakness opens up opportunities for Bitcoin gains.

Bitcoin (BTC) may see a price boost this week as the U.S. dollar currency index (DXY) weakens and one analyst tells American voters to buy.

Data showed DXY dropping for a fourth day on Oct. 1, as negotiations over a new coronavirus stimulus deal continued in Washington.
Visit here: https://cointelegraph.com/news/bitcoin-rises-against-usd-after-mnuchin-promises-second-stimulus-check

Cardano Forum / Australian dev aims to bring Cardano payments to Shopify stores

« on: October 01, 2020, 05:40:51 PM »

Shopify stores could soon allow users to pay for products with Cardano tokens with a new app that removes any payment intermediaries.

An Australian developer has almost completed work on a Cardano (ADA) app that will allow all Shopify stores to transact in ADA tokens and other tokens that run on the Cardano network. The project is being developed voluntarily by Jeronimo Backes who wants to help bring utility to the blockchain.

The independent developer told Cointelegraph that he chose Cardano not only because he is already invested in the network, both financially and emotionally, but because he sees it as the most enterprise-ready blockchain that can scale appropriately,
Visit here: https://cointelegraph.com/news/australian-dev-aims-to-bring-cardano-payments-to-shopify-stores

News related to Crypto / At $10,600, Bitcoin price is on track for its second-best quarter ever

« on: September 30, 2020, 01:22:48 PM »

Data shows Bitcoin should seal both its best Q3 on record and its second-highest lifetime quarterly close on Sep. 30.
Bitcoin (BTC) is on track for its best third quarter ever, data shows as Q3 2020 has just one day left to go.

According to price records from on-chain analytics resource Skew, this year should produce Bitcoin’s strongest Q3 in its history.

BTC price challenges Q2 2019 close
BTC/USD traded at around $10,680 at press time on Sep. 30. That number comfortably beats any other Q3 close on record, the next highest being last year’s $8,310.

What’s more, Bitcoin may seal the second-best quarterly close of its lifetime — but that depends on whether it can stay above Q2 2019’s $10,590.
Visit here: https://cointelegraph.com/news/at-10-600-bitcoin-price-is-on-track-for-its-second-best-quarter-ever

News related to Crypto / Bitcoin exchange reserves down $5B in 2020 hints at whale accumulation

« on: September 30, 2020, 01:13:26 PM »

Bitcoin exchange reserves dropped by $5 billion in the past year, showing signs of accumulation. The Bitcoin (BTC) reserves of exchanges are continuing to drop, which suggests retail investors and whales might be accumulating.

According to data from CryptoQuant, all exchanges’ reserves dropped to 2.4 million BTC, which is equivalent to $25 billion. In contrast, in October 2019, exchanges had around 2.8 million BTC, currently worth $30 billion.
Visit here: https://cointelegraph.com/news/bitcoin-exchange-reserves-down-5b-in-2020-hints-at-whale-accumulation

Bitcoin News & Updates / Bitcoin price in flux: Bulls target $11.5K, bears desire drop to $9.8K

« on: September 30, 2020, 01:08:50 PM »

As Bitcoin price consolidates, bulls target $11.5K and bears expect a drop below $9.8K. Bitcoin (BTC) price appears to be gearing up for another shot at the $11K mark but traders shouldn’t get overly excited as resistance in the $11,000-$11,200 zone and at $11,389 have kept the price from moving higher for the last few weeks.
Visit here: https://cointelegraph.com/news/bitcoin-price-in-flux-bulls-target-115k-bears-desire-drop-to-98k

Bitcoin News & Updates / Trump, tax and hacks: 5 things shaping Bitcoin price action this week

« on: September 28, 2020, 03:35:00 PM »

Bitcoin tests $11,000 on Donald Trump’s tax revelations but KuCoin’s $150 million may yet put a dampener on bulls.
Bitcoin (BTC) starts the week pushing for $11,000 as ranging behavior continues, but futures gap danger remains.

Cointelegraph takes a look at five factors that could shape Bitcoin price action in the coming week.

Trump tax files see $11,000 BTC price bounce
Sunday provided an unexpected boost to Bitcoin after a week of lackluster price performance. This was thanks to an investigation into United States’ President Donald Trump’s tax records, the results of which were published by the New York Times.
Visit here: https://cointelegraph.com/news/trump-tax-and-hacks-5-things-shaping-bitcoin-price-action-this-week

Bitcoin News & Updates / EY releases new tool for analyzing Bitcoin transactions and on-chain data

« on: September 28, 2020, 03:31:05 PM »

EY has added a new solution to its Blockchain Analyzer product suite. Big four accounting firm EY has launched a new solution for investigating on-chain data including Bitcoin (BTC) transactions.

The new Explorer and Visualizer solution launched as a part of the EY Blockchain Analyzer product suite. According to an announcement on Sep. 27, the beta version is now available for free for individuals.

EY also said that it will soon make the solution available as a service on its blockchain website.
Visit here: https://cointelegraph.com/news/ey-releases-new-tool-for-analyzing-bitcoin-transactions-and-on-chain-data

Ethereum News & Updates / Why traders are not worried that the KuCoin hack will drop Ethereum price

« on: September 28, 2020, 03:20:40 PM »

After the $150 million KuCoin hack, traders appear unworried that open market sales by the hacker will drop Ethereum price. Analysts say that the unknown hacker behind the KuCoin breach is selling the stolen ERC-20 tokens on Uniswap. Although selling tokens on the Ethereum-based decentralized exchange allows the hacker to obtain Ether (ETH), it doesn’t mean it’s laundered.

All transactions made on the Ethereum blockchain network are traceable using blockchain explorers, meaning even if the tokens are converted to Ether, the stolen amounts would still leave traces. This means exchanges can (and probably will) suspend any exchange address that is associated with the tainted funds.
Visit here: https://cointelegraph.com/news/why-traders-are-not-worried-that-the-kucoin-hack-will-drop-ethereum-price

News related to Crypto / DeFi hype has just begun says Neo founder

« on: September 27, 2020, 08:35:16 PM »

DeFi is the word on everybody’s lips. The hype around DeFi is not fading away and is only just beginning, said Neo founder Da Hongfei, during a live stream on China’s Hub on Sept. 25.

Da said DeFi created a process in just a few years that traditional finance took hundreds of years to perfect. DeFi projects are now experimenting with all sorts of financial products and services.
Visit here: https://cointelegraph.com/news/defi-hype-has-just-begun-says-neo-founder

Bitcoin News & Updates / Ultimate Bitcoin bull case: trader says 23 factors show a rally is due

« on: September 27, 2020, 08:14:36 PM »

A pseudonymous Bitcoin swing trader laid out 23 technical and fundamental reasons BTC is currently entering a bullish phase. A pseudonymous Bitcoin (BTC) trader outlined 23 key technical and fundamental factors that could buoy BTC’s medium-term bull case.

The data points shared by the trader, known as “Byzantine General,” fit into four major themes. They are a less overheated market, a neutralizing futures market, less leveraged traders and strengthening fundamentals.
Visit here: https://cointelegraph.com/news/ultimate-bitcoin-bull-case-trader-says-23-factors-show-a-rally-is-due

Ethereum News & Updates / Ethereum still not ready for DeFi, say some critics

« on: September 27, 2020, 08:07:11 PM »

Ethereum needs to fix its problems. As DeFi projects flock to Ethereum, experts warn the network is not yet ready to support the frenzy.

Martin Froehler, a mathematician, former hedge fund manager, and founder of Austrian crypto trading platform Morpher, told Cointelegraph that although Ethereum is the “best thing [the blockchain industry] has” for DeFi, the current capabilities of the network are not enough:
Visit here: https://cointelegraph.com/news/ethereum-still-not-ready-for-defi-say-some-critics

Bitcoin News & Updates / Bitcoin adoption heats up as climate change wreaks havoc worldwide

« on: September 24, 2020, 05:01:02 PM »

As the world continues to warm and face the effects of climate change, what does this mean for Bitcoin, blockchain and the world of crypto? In October 2018, the journal Nature Climate Change made headlines both within the crypto world and beyond after it published a study claiming that within three decades, the carbon emissions of the Bitcoin network alone could push the planet past 2 degrees Celsius of warming — the threshold established by the international Paris Agreement.
Visit here: https://cointelegraph.com/news/bitcoin-adoption-heats-up-as-climate-change-wreaks-havoc-worldwide

Ethereum News & Updates / Binance’s CZ says Buterin ‘proved me wrong’ and DeFi full of bubbles

« on: September 24, 2020, 04:55:17 PM »

CZ is bullish on DeFi but remains skeptical about Ethereum 2.0's features. Decentralized finance is in full swing, and one of its biggest supporters appears to be the exchange Binance. The platform's United States branch recently joined the Chicago DeFi Alliance, with the aim to further develop the U.S. DeFi industry. Additionally, Binance's support for new DeFi projects continues to grow. Most recently, the exchange has demonstrated close ties with BurgerSwap, a new decentralized exchange that aims to improve upon Uniswap.
Visit here: https://cointelegraph.com/news/binance-s-cz-says-buterin-proved-me-wrong-and-defi-full-of-bubbles