Upbit Begins Crypto Withdrawal Delays + Extra Information

Upbit Begins Crypto Withdrawal Delays + Extra Information

Get your every day, bite-sized digest of cryptoasset and blockchain-related information – investigating the tales flying underneath the radar of at the moment’s crypto information.

  • The South Korean crypto trade Upbit will introduce a crypto withdrawal delay system tomorrow to “assist restrict the injury brought on by voice phishing,” reported WowTV. The buying and selling platform’s operators stated that the brand new system would stop crypto withdrawals within the 24 hours following a deposit. After the 24-hour deadline has handed, clients could make crypto withdrawals of as much as round USD 905. The agency added that the system was being launched to assist struggle “monetary fraud,” and that fiat KRW withdrawals and deposits – in addition to crypto deposits – wouldn’t be topic to any limits.
  • CEX.IO Restricted stated it launched new companies, together with crypto-backed lending, following approval from Gibraltar authorities. Their clients can now borrow as much as USD 500,000 in opposition to their cryptocurrency property by way of a regulated lending service, the corporate stated in an emailed press launch. The crypto trade claims it has over three million clients worldwide.
  • Copper.co, the London-based digital asset infrastructure supplier, launched CopperConnect, a decentralized finance (DeFi) device for crypto establishments. It offers institutional buyers with a solution to join digital property saved in Copper’s multi-party computation wallets with decentralized functions (dapps). This enables buyers to lock their property into DeFi ‘sensible contracts’ and faucet into the liquidity presently locked in DeFi, presently valued at USD 12.6bn, the corporate stated in an emailed press launch.
  • The South Korean metal large POSCO has developed a blockchain-powered facial recognition resolution that may also be used to course of micropayments. Per the Segye Ilbo, the agency, which additionally operates numerous subsidiaries in different enterprise sectors, has been creating the answer underneath its POSCO ICT umbrella. The answer is known as Facero, makes use of the Hyperledger Material protocol and might course of transactions in round half a second, stated its masterminds.
  • The Chinese language tech and leisure large Tencent has been having fun with success with its blockchain-powered tax resolution, developed along with the Shenzhen tax workplace, reported Nikkei’s XTrend. The answer’s operators declare that it has processed a cumulative complete of 33 million digital receipts on their blockchain-based platform – and added that demand for contact-free platforms like these has risen because of the coronavirus pandemic, which has pressured numerous processes on-line. The events additionally stated they might look to broaden its scope to a complete of over 100 industrial sectors.
  • Source: bitcoinflashnews.com

    Author: By admin


    Whales Dump Ahead Of Bitcoin ATH, More Than 93K BTC Sold Since Peak

    Whales Dump Ahead Of Bitcoin ATH, More Than 93K BTC Sold Since Peak

    Bitcoin price is now trading at roughly 15% less than it was just days ago, falling short of setting a new all-time high by just a few hundred dollars.

    A new record was so close bulls could taste the victory, but the achievement was blocked by massive whales who reloaded centralized crypto exchanges with a flood of BTC to be dumped, stopping the rally in its tracks. Here’s what this could mean for the crypto market over the next few weeks.

    Bitcoin was moments away from making history, setting a new all-time high in price and breaking the 2017 crypto bubble record. New BTC addresses are at record highs, as is hash rate, and even the cryptocurrency’s market cap. But so far, price couldn’t yet follow.

    A new all-time high in Bitcoin price could create a storm of FOMO, which whales potentially sought to stop just before the record was broken.

    According to on-chain analytics, whales began moving BTC en masse to centralized crypto exchanges like Coinbase in the days and hours leading up to the near-recording breaking finish to the recent rally.

    Whales have been moving $BTC into exchanges.#Bitcoin has faced a steep correction since Wednesday’s highs of $19,600

    This drop started as soon as whales began to deposit BTC to exchanges. More than 93 thousand Bitcoin’s were deposited into centralized exchanges. pic.twitter.com/ntq1yIlDeV

    — intotheblock (@intotheblock) November 27, 2020

    Sell walls on Coinbase were reported, and whale watching on various crypto quant platforms were giving signs of their activity just before the selloff began.

    ” href=”https://www.newsbtc.com/dictionary/coin/” data-wpel-link=”internal”>coin.

    Where the rally stopped is notable for narrative-sake. Double-tops are notorious for causing unbreakable resistance, and the current price action is a candidate for such a top formation.

    It could be enough to cause a bearish wave of doubt in the cryptocurrency, just as some negative news begins trickling into the market, in terms of self-custody regulation in the US.

    The double-top narrative caused by whales taking profit during an extremely profitable year could provide the sentiment necessary for the final shakeout before the cryptocurrency goes full parabolic and races to its next peak.

    All that starts with a break of the previous all-time high. Will whales continue to block the new record, or will the crypto asset’s unstoppable bullish momentum leave whales underwater?

    Featured image from Deposit Photos, Charts from TradingView.com

    Source: bitcoinslate.com

    Author: admin


    Bitcoin Cash Faction Prolongs November Feud

    Bitcoin Cash Faction Prolongs November Feud

  • A Bitcoin Cash subfaction called Voluntarism.dev attacked the coin’s ABC fork this week.
  • The conflict is over a feature that distributes 8% of all mining rewards to a development fund.
  • The attack has not permanently damaged BCHABC.
  • Rogue members of the Bitcoin Cash community have chosen to continue a campaign against Bitcoin Cash ABC, following the split between each blockchain in mid-November.

    The group responsible for the attack is Voluntarism.dev, which describes itself as a collective of “old-guard miners and whales” from the Bitcoin Cash community.

    Voluntarism.dev takes issue with BCHABC’s decision to implement a miner tax that redistributes block rewards to a newly created development fund. Though November’s hard fork prevented Bitcoin Cash itself from taking on that feature, Voluntarism.dev aims to prevent BCHABC from adopting the feature as well.

    Earlier this week, Voluntarism.dev carried out a 51% attack on BCHABC, gaining control of a majority of the blockchain’s hashrate. The group used that power to modify BCHABC’s consensus rules.

    Those modified rules send 100% of BCHABC mining rewards to the coin’s development fund (rather than 8% as intended). The strategy is meant to prevent miners from receiving any rewards while the attack is underway, which could undermine the coin entirely. However, it is not clear whether the attack had the intended result.

    The attack has been ongoing since Nov. 24, but the identity and motivation behind the attack were unclear until now.

    What cryptocurrency will become the main one in a year?
    BitcoinEthereum

    Though the attack hasn’t fully undermined BCHABC, Voluntarism.dev suggests that its actions will be feasible for years to come:

    the amount of value that abc stole from bch pales in comparison to our expenditures. we are a group of old-guard miners and whales. we can do this for years. next time you fork: use your own genesis block, your own pow algo, and build your own community. bch is protected.

    — voluntarism.dev (@DevVoluntarism) November 28, 2020

    Vitalik Buterin of Ethereum noted that the attack is the first “spawn camp attack” on a cryptocurrency, referring to a video game tactic that describes players carrying out the same attack repeatedly.

    The attack is presumably affordable because ABC has a low hash rate and very little market value. Bitcoin Cash is the 5th largest coin, boasting a market cap of $5 billion and a hashrate of 1.6 EH/s. BCHABC, meanwhile, is the 210th largest coin, with a market cap of $322 million and a hashrate of 0.4 EH/s.

    Given Bitcoin Cash’s massive advantage, it is not yet clear whether BCHABC will be able to resist further attacks—even if those attacks are carried out by a small faction of the community.

    The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

    You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

    See full terms and conditions.

    Source: cryptobriefing.com

    Author: by
    Mike Dalton


    What is Remitano? | How to buy Bitcoin on Remitano? - MindYourCrypto

    What is Remitano? | How to buy Bitcoin on Remitano? – MindYourCrypto

    Remitano is a peer-to-peer (P2P) marketplace for buying and selling Bitcoin, Tether (USDT) along with some well-known cryptocurrencies such as Ethereum, Ripple, etc. Similar to other P2P cryptocurrency exchanges like LocalBitcoins and Paxful, Remitano aims to bridge the fiat to cryptocurrency gap via its P2P trading services. It allows buyers and sellers to interact directly with each other and buy-sell crypto assets in a secure environment. For more info on Remitano P2P exchange please check out the detailed review below.

    1. Remitano Introduction

    2. Pros and Cons

    3. Supported Countries

    4. Fees and Charges

    5. Supported Cryptocurrencies and Payment Methods

    6. Safety Measures

    7. How to Register an Account with Remitano Exchange?

    8. Deposits and Withdrawals

    9. How to Buy/Sell Cryptocurrency on Remitano P2P?

    10. Remitano Swap

    11. Customer Support

    12. Remitano Alternatives

    13. Final Thoughts

    Founded in 2015, Remitano is a P2P cryptocurrency exchange, that operates under the company Babylon solutions limited. It’s incorporated and headquartered in Seychelles.

    According to Remitano, the core team is comprised of banking professionals having years of experience in financial products, payment systems, software development, and other relevant profiles.

    Remitano has been there for more than five years and since then it has served more than 1.5 million customers and over 500 million worth of digital currency has been exchanged.

    Similar to any other cryptocurrency exchange, Remitano too has some pros and cons associated with its services.

    1). Simple UI

    It offers an easy to use trading interface for both pc and mobile devices.

    2). Crypto and fiat wallets

    Contrary to other P2P cryptocurrency exchanges, Remitano offers both types of wallets i.e fiat and crypto, associated with a user’s account for depositing fiat currency as well as cryptocurrency. Presently it supports fiat wallets for the Nigerian market (NGN wallet), Malaysian market ( MYR wallet), Indian market (INR wallet), Venezuelan Wallet (VES Wallet), and Indonesian market (IDR wallet).

    3). Fiat currency support

    It supports more than 26 fiat currencies buy Bitcoin and other crypto assets.

    4). Remitano wholesale

    It offers dedicated marketplace for wholesalers, for all transactions of 1.5 BTC and above.

    5). Simplex feature

    It enables users to buy Bitcoin and other cryptocurrencies using credit and debit cards with the Simplex feature (choose Simplex seller in sellers Ad list).

    6). Counterparty ratings

    Remitano offers both buyers and sellers to rate each other after the successful completion of every trade. These ratings help new traders to differentiate between genuine traders and scammers.

    7). More crypto coins

    Being a P2P trading platform, Remitano offers a comparatively large number of crypto assets. Most of the P2P exchanges offer only Bitcoin or sometimes maybe Bitcoin and Ethereum, however in addition to Bitcoin and Ethereum, Remitano also offers some most frequently traded cryptocurrencies.

    8). Escrow

    Remitano utilizes an escrow facility to safeguard the user funds. As a seller creates a sell advert the trade amount will be held in the escrow and only released when the seller confirms the receipt of funds.

    9). And lastly it scores a decent rating score on Trustpilot, Play Store and App Store.

    1). Not a truly worldwide exchange

    Most of the P2P crypto exchanges operate worldwide. But Remitano offers its services in only 40 or so countries which is quite lower as compared to LocalBitcoins and Paxful.

    2). Lacks liquidity

    It’s important to note that in some countries Remitano has only a few buyers and sellers. As a result, it lacks liquidity among a particular crypto-fiat pair/pairs in the given region. Further, the low liquidity leads to a wider Bid-Ask spread of a particular cryptocurrency as compared to its prevailing market price.

    3). Some of the crypto coins it offers, are not tradable in certain countries

    In countries like Vietnam and Malaysia, markets have enough liquidity, and users can trade all the 6 crypto assets without any difficulty. But it’s not the case in other supported countries. In other Remitano supported countries like UK, Canada, Australia, you will find it difficult to trade certain coins because of empty order books without any buy-sell adverts.

    Remitano offers P2P trading and wholesale services in 40+  countries around the world. These are;

    Zimbabwe

    Vietnam

    United States

    Uganda

    Thailand

    Tanzania

    Taiwan

    Sweden

    Singapore

    Russia

    Qatar

    Poland

    Pakistan

    Philippines

    Oman

    New Zealand

    Norway

    United Kingdom

    Spain

    Denmark

    Colombia

    China

    Cote de Voire

    Canada

    Cambodia

    Belarus

    Bangladesh

    Australia

    Nigeria

    Namibia

    Malaysia

    Mexico

    Kenya

    Japan

    Italy

    India

    Israel

    Indonesia

    Ghana

    Bolvia

    Brasil

    Cameroon

    South Africa

    Below are  the different types of fees charged by Remitano:

    The trading fee is calculated as 1% of the price set in the advertisement. Thus the price displayed in advertisements to viewers already includes fees.

    The wholesale trading fees are flat at at a flat rate of 0.1%.

    The fees for Swapping cryptocurrencies is charged at 0.25% of value swapped.

    Remitano is the only peer-to-peer crypto trading platform that supports multiple crypto coins (Altcoins). It supports Bitcoin, Ethereum, Tether, Litecoin, Bitcoin Cash, and Ripple.

    Remitano supports buying and selling of Bitcoin and other crypto coins using fiat currency of all the supported countries on its P2P platform.

    It allows users to make payments through direct bank transfers, via credit and debit cards using Simplex and third-party payment apps in respected countries. You can choose your preferred payment method while shortlisting a buyer or seller.

    Apart from that users can also buy one cryptocurrency with another crypto that’s supported by Remitano.

    Remitano has various safety measures in place to safeguard user funds and avoid fraudulent activities. It has a reputation system that shows the trading history of each trader to expose scammers and making the trader selection process easier for new traders. Some other safety measures practiced by Remitano are;

    1). It allows its users to set 2FA as an additional layer of security to prevent unauthorized access to their accounts.

    2). It has researched and implemented fraud detection filters to detect and prevent as much as fraudulent activities.

    3). Escrow facility is another security practice that Remitano uses to facilitate safe trading on its platform. When a trade is initiated, the specified amount of Bitcoins or other crypto assets are transferred from the seller’s account and held locked on Remitano’s escrow. The locked funds will be transferred only after a seller confirms the payment from the respective buyer.

    Similar to any other cryptocurrency exchange, before starting with Remitano, a user needs to register an account.

    It provides a password-less login technique, in which the user gets a secured login link via email, instead of the traditional password login method. Thus in the case of Remitano, users only need to secure the password of their email-id instead of securing passwords of any other account.

    Below is step-by-step process, on how to register an account;

    1). To register an account, click “Login/Register“.

    2). Enter your “Email” in the space provided and click “Continue”.

    3). It will send an email to your mail account. Click ” Log me in Remitano” and it will take you to the next step.

    4). In next step you need to provide a unique username and then click “Continue”.

    Now the registration process is complete and you can start trading. However, there are certain tier-based limits on buying and selling, which can be removed by submitting a user’s KYC details.

    Remitano supports both fiat and cryptocurrency wallets and allows its users to deposit and withdraw in fiat as well as for cryptocurrencies. To visit the wallet section, click “Dashboard” and then click “Wallets” from the dropdown menu.

    Presently Remitano only supports fiat wallets for the Nigeria market (NGN wallet), Malaysian wallet ( MYR wallet), Indian market (INR wallet), Venezuelan Wallet (VES Wallet), and Indonesian market (IDR wallet)

    All the users from the above-stated countries can deposit and withdraw fiat currencies accordingly. They can also use their fiat wallet funds to buy Bitcoins and other crypto coins instantly.

    In order to make a fiat deposit or withdrawal, visit the wallet section from the dashboard. Now click on “Deposit” or “Withdraw” (accordingly), and follow the instructions to complete the transaction from your fiat wallet.

    Remitano supports 6 cryptocurrencies including Bitcoin, Ethereum, Bitcoin Cash, Tether, Litecoin, and Ripple. It also provides users with wallets for all the six cryptocurrencies, which users can use to deposit, withdraw, and instant crypto to crypto swaps.

    For making a deposit or withdrawal request or a cryptocurrency swap you have to visit the wallet section from the dashboard. The wallet section will display the supported crypto wallets where you can choose the crypto wallet and make the transaction as per your need.

    Having some basic understanding of wallet functioning and related aspects, you’re now ready to make trades with your verified account. You can access Remitano P2P via the web or Android/iOS application.

    As you login into your Remitano account, it will display the price of Bitcoin in your local fiat currency by default. Now you can choose either to buy/sell crypto from/to the existing adverts in the order book or you can create a fresh buy/sell advert according to your specific needs. Let’s see how it works;

    Let’s assume you want to buy/sell Bitcoins, for example (similarly you can buy/sell other crypto coins too).

    1). From the home page, scroll down to find a seller from “List of Sellers” (if you want to buy) or to find a buyer from “List of Buyers” (if you want to sell).

    2). Click on the buyer/seller advert that suits your criteria.

    3). Now, enter the amount of your selected coin, i.e Bitcoin (here), and click the buy/sell tab to open the transaction.

    Note: “Amount limits” is the minimum and maximum limit that the Ad creator wants to trade. You can only trade within this limit.

    4). If you are buying Bitcoins, copy the payment details of the seller. Access your online banking and pay the seller via instant transfer.

    OR

    If you are selling Bitcoins, enter your payment details for the buyer to pay and click “Continue”

    5). If you are buying Bitcoins, after making payment click “I have paid seller” after payment success and wait for the seller to confirm. Never cancel the trade after making the payment because the trade can’t be reverted at this step.

    OR

    If you selling Bitcoins, the number of Bitcoins equivalent to your trade shall be transferred to the escrow and will be released only after you confirm the receipt of funds. Always confirm the payment only after checking your bank account.

    This is how you can buy/sell Bitcoins or any other cryptocurrency on Remitano from existing adverts.

    1). From home page, below the buy/sell adverts list, click on “Create Your Buying Ad” for buying Bitcoins.

    OR

    Click on “Create Your Selling Ad” for selling Bitcoins.

    2). It will take you to the next page where you have to furnish the trade details.

    3). Here you can choose between a Basic or Detailed advert type.

    4). Next click on, I want to “Buy Bitcoins” or “Sell Bitcoins” accordingly.

    5). There is an option to change coin, but for now we have selected Bitcoin.

    6). The next column displays the live price of your selected cryptocurrency and you also have to provide your Max. price (if you are buying) and Min. price range (if you are selling) for your coin. Here you can also change the reference exchange.

    7). In next column you can set certain limitations regarding Bitcoin amount, buyer/seller verification level and country.

    8). In the final step, you have to select the payment methods. For example, if you are buying Bitcoins, you have to provide information regarding how you would make a fiat payment.

    OR

    If you are selling, you have to furnish your account details, bank name etc.

    9). Now select the time for payment window and click on “Create”.

    By following the above process you can easily create a buy/sell advert on Remitano P2P.

    Note:

    Remitano also supports fiat wallets for some currencies. Hence you can also use the fiat wallet payment method (if supported) to make instant trades.

    Apart from offering regular fiat-to-crypto trading, Remitano also offers instant crypto-to-crypto swaps. The Swap feature allows users to exchange between pairs of cryptocurrencies such as BTC/USDT, ETH/USDT, etc. Below are the  instructions to make an instant swap;

    1). Log in to your account and click on DASHBOARD then choose WALLETS.

    2). Choose the coin that you want to swap and click on “Swap” from your wallet.

    3). Next, choose the coin you want to receive for.

    4). Enter the amount of the coins you want to swap and click on SWAP button.

    5). Finally, click on “Confirm”, and your Swap order will be processed almost instantly. You can check the swapped coin balance in your respective wallet.

    Remitano provides 24/7 customer support. There is a Live Chat option as well as an FAQ section that provides users with the necessary support as and when needed. Users can also reach out support by sending emails directly to the support team using the [email protected] email address.

    Apart from the above-mentioned support solutions, it has a strong and active social media presence, which includes Facebook, Linked In, Twitter, and, YouTube.

    The first Remitano alternative on my list is LocalBitcoins, an excellent P2P Bitcoin marketplace that is headquartered in Helsinki, Finland. It supports more countries and payment methods as compared to Remitano. Visit LocalBitcoins Read LocalBitcoins Review

    The second alternative that I would like to suggest is, Paxful, an excellent P2P exchange that is based in the USA. In terms of supported countries and payment methods, Paxful has an upper hand over Remitano.

    However, Remitano offers more cryptocurrencies, greater customer support, and higher security than both of the above discussed P2P platforms.

    Remitano is an excellent P2P cryptocurrency trading platform without any doubt. If you are looking to buy Bitcoins and some other popular cryptocurrencies with fiat currency, then you can definitely go for Remitano P2P. It offers trading in multiple cryptocurrencies and instant crypto-to-crypto swaps.

    Because of its quality customer support, great security, and additional services such as Instant swaps, wholesale trading, fiat wallets, etc., it has scored a quite high rating score on various rating platforms. However, in terms of supported countries, it lags far behind other P2P exchanges.

    Remitano is suitable for all types of users. Transactions are made fast and easy and coins are held in escrow until the payment is confirmed. Their live chat feature is a great addition to the platform. The support team is also quick to respond and helpful.

    This is what, I have personally noticed while using this P2P exchange. I have also discussed some great alternatives to this platform. Hence, do some research and choose one that suits you the most!

    If you found this post informative and useful, please do share it with your friends and people around you and spread the word. Also don’t forget to share your experience, if you have already used/using this platform.

    Source: mindyourcrypto.com


    Bitcoin Undergoes Considerable Price Decrease to $16,800 as Whale Deposits Increase Yet Again

    Bitcoin Undergoes Considerable Price Decrease to $16,800 as Whale Deposits Increase Yet Again

    The Bitcoin Price Index has posted a price decrease during the last 36 hours. The combined price index for the crypto fell from a multi-year high of $19,400 to $16,800 at press time during this time.  The move was expected in some quarters but further price decline may be expected as big Bitcoin holders aka whales are still depositing their Bitcoin in exchanges and that could lead to a further drop.

    Whales are large Bitcoin holders and they are very influential in determining the short-term price of the cryptocurrency. Normally, when whales make big purchases of Bitcoin and move them away from cryptocurrency exchanges, it is an indication that they are consolidating their positions. This in turn means that Bitcoin gets scarcer in exchanges and thus its price index is likely to have an appreciation.

    On the other hand when whales start to transfer Bitcoin to their exchanges, it is seen as a sign that some of them are looking to sell their Bitcoin in large numbers. This in turn means that the cryptocurrency’s supply suddenly gets increased in these exchanges. Therefore, the price index can fall sharply because of this sudden influx of new Bitcoin for trading purposes.

    Recently, some of the whales started to deposit their cryptocurrency on major cryptocurrency exchange wallets, thus triggering a short panic sell. The price decrease from $19,400 to as low as $16,200 was witnessed before it rebounded back to $17,000. According to analysts, inflows are more than outflows and therefore, there is a selling pressure in the market.

    According to Ki Young Ju, the CEO of CryptoQuant:

    BTC Whales are depositing to exchanges. I expect dumping in the short-run. All Exchanges Inflow Mean(144-block MA) hit 2 BTC. I think we’re in a danger zone. The price is likely to go sideways or down when whales are active on exchanges.”

    He also believes that the dip buying crowd buys the dip at the wrong time and sellout when the shorter dip they bought is converted to an even bigger one. So, it remains unclear what will happen in the near future and whether or not the cryptocurrency can bounce back from it. Long-term HODLers are unnerved by the recent drop and some are looking to buy more Bitcoin. The long-term outlook still remains deep in the bullish territory and it will take a significant move downwards to nullify the strong gains made over the course of last few months.

    Image source: Isaac Kohane under CC

    Talha Dar

    121 posts

    Cryptocurrency and blockchain enthusiast. Working on free economy and borderless solution side of things. Live and breathe crypto!

    Source: cryptounit.com

    Author: Talha Dar


    Bad Crypto news of the week

    Bad Crypto news of the week

    It’s been another bumper week for Bitcoin, another reason for hodlers to feel grateful. The dollar value remains over $17,000 having reached a three-year high when it topped $19,000 for only the second time. People are starting to notice. The Wall Street Journal talked about Bitcoin’s rise on its front page. Google searches for Bitcoin reached their highest this year, and the coin is now doing better than the halving that sent it to nearly $20,000. Even the Queen has expressed her “interest” in the blockchain.

    One reason for Bitcoin’s rise is Paypal. Since offering cryptocurrency services a month ago, the payments company has taken 70% of newly minted Bitcoin. Add in Square’s Cash App, and more than 100% of new Bitcoins are going to the two payment companies. And it’s just as well that those companies are getting into the Bitcoin game because current players are struggling to handle the demand. Coinbase has suffered a number of outages as demand has risen.

    So where could Bitcoin go next? According to one analysis of previous bull runs, this one could go as high as $160,000 with a $25,000 bottom.

    Of course, there’s always the government to get in the way. The US Federal Reserve and the Financial Crimes Enforcement Network have proposed a rule to acquire more information about small, international transactions—including digital currencies. They’ve suggested lowering the threshold to $250. President-elect Joe Biden will appoint Janet Yellen to serve as Treasury Secretary. Yellen previously chaired the Federal Reserve and has called Bitcoin “anything but useful.” On the other hand, Andrew Yang appears to be in line for the job of Secretary of Commerce. Yang has talked of implementing blockchain-based voting and laid out plans to regulate cryptocurrency. Nigeria appears to be doing better. The country’s Ministry of Finance is talking to the securities regulator to create a crypto framework.

    It’s not just Bitcoin that’s having a good time, though. Celsius has given 25,000 ETH to the Ethereum 2.0 platform, allowing researcher Justin Drake to announce that ETH 2.0 has set the Ethereum 2.0 genesis block. The Genesis Day will be December 1. And XRP almost doubled over the space of a week, though it’s not entirely clear why.

    That mystery shows why understanding and discussing crypto is so important. CNBC’s Ran Neuner has launched a 24/7 crypto call-in show. Crypto Banter, the first show of its kind, aims to be a source of live, credible information about cryptocurrencies.

    From November 30, motor racing fans can use REVV to load up on Formula 1-themed NFTs. For people who prefer a more sedate speed, the Bad Crypto Podcast is working with the DIVI Project to support BIKE TO THE FUTURE. The project has raised enough DIVI to buy 77 kids in South Africa a new bike so far, and has already delivered 30. It’s looking to fund the purchase of 23 more. Give them a push.

    Check out the audio here:

    The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

    Source: blog.total.exchange

    Author: by Total Exchange


    Upbit Begins Crypto Withdrawal Delays + Extra Information


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