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El Salvador Disables Bitcoin Price On Chivo App To Stop Scalpers

Bitcoin traders have found a way to use the recently launch Chivo App, the countries own BTC wallet, by El Salvador’s government to make a profit. As part of their BTC Law, this app operates with the second layer payment solution lightning network. Related Reading | Bitcoin Price Smashes Record For Highest Weekly Candle Close Ever Via its official Twitter handle Chivo Wallet announced that Salvadorans will be unable to track the price of BTC on the app. According to the report presented by the team behind the app, some users have been using it to do “scalping”. A type of short-term trading modality, scalping is performed by an operator to take advantage of an asset’s price fluctuations in low timeframes. In previous versions, the app allowed users to “freeze” the price of Bitcoin giving traders an edge to perform this practice by comparing it to exchange rates. The Chivo Wallet allows users to move Bitcoin via the lightning network to other Chivo users or external BTC wallets. Thus, traders can make a profit by scalping the app’s BTC price. The team behind the app clarified the following on the reasons for the decision: The “scalping” performed consisted of taking advantage of Chivo keeping the rate frozen for 1 minute and taking advantage of that minute to compare the rate with other exchanges and see if the Bitcoin price went down or up. In the future, the price of Bitcoin will have limited visibility to pre...

2021-10-18 23:10:16

Crypto Frauds in The UK Resulted in $200 Million Stolen in 2021: Report

Victims of crypto-related frauds in the UK have lost around $200 million between January and October this year, a report stated.

2021-10-18 23:10:15

Polkadot: Treasury with more than $800 million to be spent on…

The eighth biggest blockchain by market cap, Polkadot, has been making headlines in October. One reason was DOT’s strong price rally since 13 October, as previously reported. The rally could also be linked to some exciting developments ahead, such as the upcoming parachain launch and the slot auctions. Adding to this chain of events, founder Gavin […]

2021-10-18 23:10:46

MicroStrategy's New Blockchain Tools May Push Up The Stock By 35%

MicroStrategy offers enterprise analytics software and services.The company is not only investing a significant amount of money in Bitcoin. The management also believes that the programmers inside the organization could implement blockchain analytics.Besides, if MicroStrategy delivers new versions of the company’s HyperIntelligence tool, and injects additional contextual analytics into the online workflows, the free cash flow would trend north.MicroStrategy would report sales growth of 5%, CFO/Sales of 30.05%, and a capital/sales ratio of around 0.95%. MicroStrategy could report a massive increase in FCF, from close to $50 million in 2020 to close to $225 million in 2030.My figures are actually not that far from the expectations of other analysts. The results from 5 analysts included an average target price of $810 and a high price target of $950.

2021-10-18 23:10:32

Grayscale Confirms Plan to Convert GBTC Into Bitcoin ETF

Grayscale Investments has confirmed its plan to file for its bitcoin trust (GBTC) to be converted into a bitcoin exchange-traded fund (ETF). “The NYSE Arca will file a document called the 19b-4 to convert GBTC into an ETF,” said Grayscale’s official. GBTC to Become Bitcoin ETF Grayscale Investments has confirmed that it will convert its […]

2021-10-18 23:10:29

Arbitrage bot’s spam attack on the Polygon network generated $6,800 per day

An arbitrage bot managed to turn 14 ETH to 218.5 ETH simply by spamming the Polygon network for 120 days.

2021-10-18 23:10:00

Intensified Crypto Ban Forces Huobi to Stop Accepting New Users From Mainland China

Following the Republic of China's latest attack on crypto, Huobi said it will no longer allow new registration of Chinese users on its platform.

2021-09-26 23:09:27

DAOs Have a Long Way to Go

DAOs are loose, chaotic, and idealistic. But DAO devotees say they're the future of companies. The structure has some growing up to do first.

2021-09-26 23:09:54

Robinhood Crypto COO, CTO Hint That DeFi Features Are Coming

Robinhood's forthcoming crypto wallet "is the first step," Christine Brown said, toward helping customers "use your coins to do things in the crypto ecosystem."

2021-09-26 22:09:40

Ethereum alternatives and layer-1 solutions see steady gains in September

Multi-million dollar incentive programs and the ease of cross-chain transfers are boosting the value of L1 and L2-based tokens and raising the total value locked in their associated DeFi platforms.

2021-09-26 22:09:00

Billionaire Mike Novogratz Says Bitcoin Market Is ‘in Good Shape’ — China Has ‘Less and Less’ Influence Over Crypto

The billionaire investor and CEO of Galaxy Digital, Mike Novogratz, says the bitcoin market is in good shape, noting that he sees “so much capital coming into the space.” He also commented on the dwindling influence China has over the crypto market. Billionaire Investor Says the Market Is ‘in Good Shape’ — ‘I’m Not Nervous’ […]

2021-09-26 22:09:26

Adoption: Spanish PortAventura to Become the First Amusement Park Enabling Bitcoin Payments

PortAventura World, Todos Medical, and Monneo are among the latest companies wanting to enable cryptocurrencies as a means of payment.

2021-09-26 22:09:33

45% of Crypto Owners Say They Would Buy an Altcoin Based on This One Factor: Study

Nearly half of cryptocurrency owners claim that they would race to purchase an altcoin based on one key development. A survey from data intelligence firm Morning Consult polled 2,200 US adults earlier this month to study the impact of celebrities on crypto investor decisions. Among crypto owners who participated in the poll, 45% say they […]The post 45% of Crypto Owners Say They Would Buy an Altcoin Based on This One Factor: Study appeared first on The Daily Hodl.

2021-09-26 22:09:56

Axie Infinity Co-Founder: Gaming Is the Key to Crypto Adoption

Sky Mavis has big plans for NFT gaming. Axie Infinity is its first step.

2021-09-26 22:09:23

What do these ‘super exciting’ developments mean for Cardano

Amid the market frenzy, Cardano hosted summit 2021, wherein the team shed light on the upcoming partnerships and vision for Cardano. To begin with, IOHK founder Charles Hoskinson pointed at the governance issues ailing the world and opined that blockchain and decentralized technologies offered potential solutions. As was visible with Cardano, it has been working […]

2021-09-26 22:09:30

Bullish: Cardano Gearing Up To Fully Dominate The Smart Contracts Market With New Chainlink Partnership

Smart contracts have only just arrived on the Cardano network, but it seems like developers are not taking a break. In their quest for dominance, the team at Cardano is joining forces with Chainlink, one of the promising blockchains, to accelerate the growth of smart contracts on the network. Cardano recently revealed that it had […]

2021-09-26 21:09:22

Amid the China Induced Correction, Former US Treasurer Shades all Crypto Except One

The broader digital currency ecosystem has been gunning for recovery since the news of China’s renewed clampdown on all crypto activities made the rounds for at least the second time this year. Following the FUD spread, Bitcoin (BTC) slumped to a weekly low of $39,787.61, Ethereum (ETH) dropped to a 30-low of $2,676.41, while XRP The post Amid the China Induced Correction, Former US Treasurer Shades all Crypto Except One appeared first on Coingape.

2021-09-26 21:09:27

The Three Kingdoms: The New Era of Play-to-Earn Games

CryptoKitties was the first to bring blockchain gaming to life, and games such as Axie Infinity defined how a good blockchain game should be. The Three Kingdoms aims to build on this with their next-generation play-to-earn game. The Three Kingdoms is a highly strategic third-generation NFT game based on the historical characters of the Three […]

2021-09-26 21:09:51

Philadelphia 76ers B-Ball Team Will Feature Crypto.Com On Jerseys

As president of the basketball team the Philadelphia 76ers, Chis Heck discovered cryptocurrency during the coronavirus pandemic. He saw that literally tens of thousands of Americans are involved in the digital trading space, and he also discovered a string of non-fungible tokens (NFTs) that are centered around the game of basketball. The 76ers are Heading...The post Philadelphia 76ers B-Ball Team Will Feature Crypto.Com On Jerseys appeared first on Live Bitcoin News.

2021-09-26 21:09:15

XRP, Terra, Filecoin Price Analysis: 26 September

Certain altcoins either consolidated or considerably lost their value over the last 24 hours. XRP registered consolidation and appreciated 0.5% over the last 24 hours. Terra lost 4.1% and was nearing the immediate support level. Lastly, Filecoin plunged 10.7% amidst an extreme sell-off. XRP XRP mostly flashed consolidation over the last 24 hours, it rose […]

2021-09-26 21:09:11

China’s Crackdown Spurs Massive Onchain Transfers, Cold Wallets Move $3 Billion in Bitcoin and 800K Ether

Following the latest statements from China’s central bank concerning cryptocurrencies and offshore crypto exchanges, massive amounts of funds have been moving onchain. On September 26, at approximately 1:00 a.m. (UTC) 72,999 BTC or $3.1 billion in bitcoin was dispersed to unknown wallets. Huobi to Gradually Retire Mainland China Users, 800K Ether Move from Huobi to […]

2021-09-26 20:09:28

Four Significant Events That Changed The Course Of The Bitcoin Market This Year

Key takeaways Bitcoin has seen massive adoption in 2021 especially from key market players Market players worthy of mention include MicroStrategy, Tesla, El Salvador, and Twitter. These players, in their own ways, have impacted and continue to impact the Bitcoin market. The year 2021 has been a great year for the world’s pioneer cryptocurrency Bitcoin. […]

2021-09-26 20:09:31

US Senator Slams SEC Chair Gary Gensler for Regulation-by-Enforcement Approach to Cryptocurrencies

A US Senator is slamming the chairman of the U.S. Securities and Exchange Commission (SEC) for his approach to regulating the digital asset space. In a new letter addressed to SEC Chair Gary Gensler, Senator Pat Toomey of Pennsylvania says that investors in the new space need clear rules and guidance rather than harsh enforcement […]The post US Senator Slams SEC Chair Gary Gensler for Regulation-by-Enforcement Approach to Cryptocurrencies appeared first on The Daily Hodl.

2021-09-26 20:09:58

Top 5 cryptocurrencies to watch this week: BTC, AVAX, ALGO, XTZ, EGLD

Bears continue to pressure BTC price but any signs of consolidation could lead to a breakout in AVAX. ALGO, XTZ, and EGLD.

2021-09-26 19:09:01

China’s Strong Regulatory Policy Triggers A $2.8 Billion High For DeFi Applications

Key takeaways China crackdown seems to have made DeFi platforms surge. This is indicated by data from The Block that showed that perpetual swap platforms reached a new all-time high of $2.8 billion.  Bitcoin, however, took a slight hit from the crackdown news.  China’s renewed intensified crackdown on cryptocurrencies seems to have had the effect […]

2021-09-26 19:09:39

American innovation is on the line because of the SEC

The XRP lawsuit began in December last year, when the U.S. SEC took action against Ripple. Yet, uncertainty prevails till date, even as the proceedings continue to unfold. With reference to the same, Ripple CEO Brad Garlinghouse doesn’t hold back. Be it in the past or the present. During his interview with Fox Business, Ripple […]

2021-09-26 19:09:26

Coinbase CEO Speaks On SEC’s Refusal to Comply With Crypto Exchanges, DAO Implementation

Key takeaways Coinbase’s CEO Brian Armstrong is taking a glance at Coinbase as a DAO. Armstrong is currently experimenting ideas with Research Hub, another of his start-ups. Armstrong also revealed that the SEC remains the only regulator unwilling to talk to the exchange. CEO of Coinbase, Brian Armstrong has said that a future in which […]

2021-09-26 18:09:07

Cardano Partners With Chainlink for DeFi Smart Contracts Development

Cardano has announced a strategic partnership with Chainlink to provide oracle integration for smart contract developers.

2021-09-26 18:09:59

Bitcoin Bears Are Wrong, Says On-Chain Analyst Will Clemente – Here’s Why

Popular on-chain analyst Will Clemente says those who are bearish on Bitcoin (BTC) might be in for a surprise. The closely followed analyst tells his 273,000 Twitter followers that he believes Bitcoin bears will be in disbelief as he predicts BTC’s value will be much higher in 30 days. “Bears are wrong, goodnight. Wake me […]The post Bitcoin Bears Are Wrong, Says On-Chain Analyst Will Clemente – Here’s Why appeared first on The Daily Hodl.

2021-09-26 18:09:05

NFL GOAT Tom Brady Willing to Accept Part of His Salary in $BTC, $ETH, or $SOL

Tom Brady, an American football player who is a quarterback for the Tampa Bay Buccaneers of the National Football League (NFL), is widely considered to be a “Greatest of All Time” (GOAT) due to his many amazing record-breaking accomplishments as a quarterback. Recently, while doing an interview with American sportscaster Jim Gray for episode 5 […]

2021-09-26 18:09:20