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“# Researchers question what ‘trustless’ actually means for blockchain ” Crypto community members will likely be familiar with mantras such as “Don’t trust, verify!” or the “law of code.” Both refer to the promises of greater transparency and audibility and to a technology that offers to replace fallible, corruptible powerful actors with an actually functional rules-based…
“# ‘Where are the LINK Marines?’ Chainlink beats Bitcoin with 610% YTD returns ” Bitcoin (BTC) may be down less from its all-time highs than any other cryptocurrency, but 2020 has so far been the year of Chainlink (LINK). In the latest edition of its Weekly Insights report on Oct. 26, The TIE noted that…
“# Singapore’s largest commercial bank reportedly launching crypto trading ” DBS, Singapore’s largest retail and commercial bank, seems to be entering the cryptocurrency space with three new offerings. According to a description of the platform shared with Cointelegraph, DBS’s upcoming crypto service — the DBS Digital Exchange — will support four major cryptocurrencies including Bitcoin…
“# LibertyX launches Bitcoin-to-cash sales at ATMs in United States ” LibertyX, a major retail network of Bitcoin (BTC) ATMs in the United States, is expanding Bitcoin sales options at thousands of its ATMs. According to an Oct. 26 announcement, LibertyX has enabled a Bitcoin cashout feature at 5,000 regular ATMs across the United States….
“# Why one Bitcoin analyst expects sudden ‘hell’s candle’ plunge to $11.3K ” Bitcoin (BTC) stayed above $13,000 on Oct. 27 but one analyst is warning that the largest cryptocurrency is due a major correction. In a tweet on Tuesday, on-chain analyst Cole Garner forecast that BTC/USD could soon end its bull run and suddenly…
“# BTC hash rate slumps amid seasonal miner migration in China ” Mining data aggregators attribute a slump in Bitcoin’s hash rate to the end of the wet season in Sichuan, resulting in many miners migrating to other jurisdictions. On Oct. 26, Thomas Heller of Bitcoin (BTC) mining blog Hashr8 reported that roughly 22 exahashes…
“# Price analysis 10/26: BTC, ETH, XRP, BCH, LINK, BNB, DOT, LTC, BSV, ADA ” Bitcoin and altcoins are showing signs of short-term exhaustion, meaning a few days of consolidation could occur. <p>Morgan Creek Digital co-founder Anthony Pompliano highlighted data from Santiment, which showed that the 30-day rolling correlation between Bitcoin (BTC) and the S&P…
“# The number of Bitcoin whales hit an all-time high during the latest bull run ” The number of Bitcoin (BTC) whales reached a new all-time high amid last week’s price ascension. On October 20, there were 2,178 Bitcoin addresses that held at least 1,000 BTC. By October 25, this number increased to 2,231. At current…
“# McAfee continues to promote cryptocurrencies from his Spanish jail cell ” John McAfee, an eccentric millionaire, crypto enthusiast, and anti-virus expert, was recently detained in Spain on charges of U.S. tax evasion. He also faces charges arising from a series of questionable crypto promotions, from which he allegedly profited millions of dollars. Though he is currently…
“# Imploding Trump Pelosi COVID-19 deal leads to 3% Bitcoin price drop ” The price of Bitcoin (BTC) dropped 3% in less than three hours as the U.S. stock market plummeted. Following the pullback, most traders are neutral or slightly bearish on the short-term trend of BTC. Traders and on-chain analysts are now pinpointing $12,500…