Category: Cryptocurrency News

Cryptocurrency News and Public Mining Pools

Senator Lummis calls out U.S. leaders to welcome Bitcoin as it ‘can’t be stopped’

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Debunking “hashrate is higher, so security is higher”

Lately in a few discussions I've seen people arguing that because Bitcoin's hashrate is higher than X weeks/months/years ago, Bitcoin is more secure or harder to attack. It's a very dumb argument, and I'd like to debunk it here so that hopefully we can raise the level of discussion about crypto. First, some numbers (all…
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Black Blockchain Summit Exclusive View w/ Mike Novagratz and Senator Cory Booker! Part 1

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Chainlink Price Struggles To Break Above, Can Price Hit 10?

LINK price holds strong above 50 EMA on daily timeframe with a string.  LINK rallies as price eyes $10 ahead of its announcement of staking.  The price faces resistance at $9 in the weekly timeframe.  Chainlink (LINK) price showed bullish strength recently, but the price has struggled to break above key resistance against tether (USDT). With its intending staking in December 2022, there is high hope of a major rally for the price of Chainlink (LINK). Despite the uncertainty, the price of LINK has looked decent, holding up pretty well as other altcoins drop significantly in price and value. (Data from Binance) Related Reading: Ep01- Dr. Ruja – Companion Guide For BBC’s “The Missing Cryptoqueen” Podcast Chainlink (LINK) Price Analysis On The Weekly Chart  Chainlink Co-Founder Sergey Nazarov announces Staking Plans, Aims to Be Web3’s AWS, ahead of its scheduled plan to launch staking in December and a new economic model for the Web3 services platform at SmartCon 2022. The price of LINK has recently bounced from a low of $6.5 in the weekly timeframe rallying to a high of $8 before rejecting to a region of $7, where the price has formed good support for price sell-off on the weekly timeframe. LINK price moved from that region breaking higher to $8.5, where the price is currently facing resistance to breaking higher to a region of $10. The price of LINK needs to break the $9 resistance with good volume for the price to have an opportunity to trend to a higher region; if the price of LINK is rejected, we would expect the price to retest the support area of $7 where demand for the price of LINK has been created. Weekly resistance for the price of LINK – $9. Weekly support for the price of LINK – $7. Price Analysis Of LINK On The Daily (1D) Chart In the daily timeframe, the price of LINK continued to show strength as the price faced rejection in an attempt to break $8.5, with the price holding strong and continuing to maintain its bullish structure.  If the price of LINK continues to hold and maintain this structure it has formed on the daily timeframe, we could expect the price of LINK to break above $8.5 to a region of $9. The price of LINK trades at $7.9 above the 50 Exponential Moving Average (EMA) but below the 200 EMA. The 50 EMA acts as a support while the 200 EMA acts as resistance to the price of LINK. The price of $7.5 and $9.8 corresponds to the price of 50 and 200 EMA, respectively, on the daily timeframe for LINK price. A break and close below $7.5 could see the price of LINK retest lower regions as this invalidates the bullish setup. Daily resistance for the LINK price – $9.8. Daily support for the LINK price – $7.5. Related Reading: Sam Bankman-Fried Eyes On Bidding For Celsius Assets Featured Image From CoinCulture, Charts From Tradingview

Settlements With China — Russia Plans Next Step for Digital Ruble

Russia intends to use its digital ruble, to be introduced early next year, for payments with its key ally, China. Authorities in Moscow hope other nations will be willing to adopt the Russian digital currency in trade, which will allow the country to circumvent sanctions imposed over the Ukraine war. Russian Federation Eyes Digital Ruble […]

Bank of England Deputy Governor Cunliffe on DLT securities settlement: Not so fast!

In a lengthy appraisal of distributed ledger technology, Cunliffe weighed its technical implications, which will be examined in greater detail when the FMI Sandbox premiers in 2023.

Bitcoin & The Global Currency Meltdown | BTCUSD September 28, 2022

In this episode of NewsBTC’s daily technical analysis videos, we examine how Bitcoin is trading against other currency pairs and not USD. We also look at BTC against WTI Crude Oil and the S&P 500. Take a look at the video below: VIDEO: Bitcoin Price Analysis (BTCUSD): September 28, 2022 The market continues to be shaken up by the strength of the dollar. Following yesterday’s rally in BTC that was immediately wiped out, traders are even more hesitant to pull the trigger with the top cryptocurrency rising again. Related Reading: Bitcoin & The Hunt For A Green October | BTCUSD September 27, 2022 Bitcoin Daily Momentum Change Causes Chain Reaction Bitcoin daily has flipped bullish on the LMACD, setting off a chain reaction across a variety of timeframes. In terms of this chain reaction, we have a bullish crossover on the 3-day and the weekly timeframe. Both, especially the weekly, have been like bait, snapping back at bulls each time they attempt to turn the tides of momentum.   Momentum causes a bullish chain reaction of crossovers | Source: BTCUSD on TradingView.com How BTC Fares Against Other World Currencies The DXY Dollar Currency Index is the dollar trading against a weighted basket of top national currencies. These currencies include the British pound sterling, the euro, the Canadian dollar, Japanese yen, Swedish krona, and Swiss franc. Due to the enormous shakeup and volatility in global currency markets, we put Bitcoin up against other currencies and not the standard USD pair. As you can see, the pound, euro, canadian dollar, and Japanese yen all crossed bullish weeks prior, while the USD pair struggles to do so. Other strong national currencies like the Swedish krona and Swiss franc have yet to cross over much like the dollar.  Bitcoin could be bottoming against several top currencies | Source: BTCUSD on TradingView.com Related Reading: Bitcoin Shows Resilience In Dollar-Driven Bloodbath | BTCUSD September 26, 2022 Comparing The Top Crypto To The S&P 500 And WTI Crude Oil Continuing the deep dive into unorthodox Bitcoin charts, we’ve combined the charts of BTCUSD and the SPX. This unique chart shows that Bitcoin never made a higher high in late 2021, and the downtrend began with the April peak. This chart also is flipping bullish and has a weekly close confirming the crossover.  Bullish momentum will need to grow to sustain a rally. Next, we’ve compared Bitcoin to what could be the most important macro asset globally: oil. In this comparison, much like the SPX example, we put BTCUSD up against WTI Crude Oil. WTI Crude oil is American produced oil from West Texas Intermediate.  In this oddball trading pair, Bitcoin also had a lower high and a much steeper downtrend. However, Bitcoin flipped bullish against oil several weeks ago, but has yet to produce a meaningful upside move. Is such a move coming soon enough? Bitcoin has crossed bullish against the SPX and WTI Crude Oil | Source: BTCUSD on TradingView.com Learn crypto technical analysis yourself with the NewsBTC Trading Course. Click here to access the free educational program. Follow @TonySpilotroBTC on Twitter or join the TonyTradesBTC Telegram for exclusive daily market insights and technical analysis education. Please note: Content is educational and should not be considered investment advice. Featured image from iStockPhoto, Charts from TradingView.com

Where to find freelance jobs that pay in crypto?

Hi everyone, not sure if this question has been asked in the past but I'm currently looking for advice on my situation. Currently I’m based in a country where I can’t get paid by foreign bank transfer reliably. I decided I want to move to freelancing full time but am trying to find clients that…
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Top 20 Crypto Platforms You Were Desperately Searching For

It’s no secret that the crypto market in 2022 can be a minefield. One wrong step, and you lose. But hey, we all know that investing is risky and losses are a normal part of trading. So no need to frown! We’ve got some good news! With a reliable platform to help you get started, you can minimise risks. But how can you choose a trustworthy platform among all the scam platforms, illicit apps, and other unsavoury traps waiting to lure in new traders? Well, we’ve got you covered! It’s the tight stronghold of dedicated apps, brokers, and exchanges we’re about to let you in. Here are 20 reliable platforms you can potentially use to revolutionise your crypto trading journey. By the end of this article, you’ll gain the knowledge needed to successfully navigate the wild world of crypto and safely choose a crypto platform that has your best interests in mind. Remember, however, that the world of cryptocurrency trading is highly speculative and inherently volatile. Thus, always do your research, never invest more than you can afford to use, and consult a licensed professional to help you reduce financial risks. Now, let’s begin! Pixabay Coinbase Even if you are a newbie, perhaps you’ve already heard of Coinbase. Coinbase is, without a doubt, one of the biggest cryptocurrency trading platforms across the globe. Known for being highly beginner-friendly with a wide range of innovative features, Coinbase is a popular platform used by new and experienced crypto investors. Some of its top features include crypto rewards, a Coinbase debit card, and its extensive crypto selection. Oh, and let’s not forget about the increasingly popular Coinbase Earn system that allows users to earn crypto by watching information videos and taking quizzes. Not bad at all, right? Binance There is no doubt that Binance, initially founded in 2017, is now one of the largest trading platforms. Binance has a huge customer base and its own cryptocurrency, BNB. In fact, its native coin is a strong crypto asset with an impressive price history. At the time of writing, BNB is among the top 10 cryptos on CoinMarketCap. Some of Binance’s most popular features range from dramatically low fees to the enormous array of cryptocurrencies. The platform boasts a staggering portfolio of 600 crypto assets to invest in worldwide, and the fees for using Binance are some of the lowest on the market. How cool is that? Kraken Next on our list is Kraken. No, not the sea monster Kraken popularised by the iconic film Pirates of the Caribbean. We are talking about Kraken – a trading monster that can help you ride the tidal waves of the crypto world, one of the original players on the frontline of crypto and blockchain technology. Kraken, founded in 2011, was, in fact, one of the first crypto exchanges featured on Bloomberg Terminal. As of September 2022, it is worth an eye-watering $11 billion! With its strong security protocols that work hard to keep traders and their investments safe, low fees, and a wide array of options, no wonder why Kraken has millions of members worldwide. eToro Based on in-depth analysis and user reviews, eToro is definitely one of the platforms worth considering. Some rank eToro as the best broker for social trading for 2022. With a community of over 20 million users, there is no doubt that eToro is rocking the crypto scene. The platform is also highly beginner-friendly, comes with low fees, and offers high protection. Just like many of the platforms on our list, eToro allows traders to invest in numerous assets, including stocks, indices, and more. All these features are just a click away! Crypto.com Crypto.com is one of the fastest-growing exchanges globally. As stated on their website, the platform offers deep liquidity, low fees and the best execution prices. The best part is that you can start trading from your smartphone. The crypto app comes with impressive functionalities and UX. With more and more services moving online, satisfactory digital services become the key to success, and Crypto.com knows how to open doors to new opportunities with this key. The platform also offers numerous perks, such as crypto rewards, a Crypto.com card, and over 250+ digital assets to invest in. So if you are an enthusiast who prefers to start trading from the comfort of your home, then Crypto.com might be just the right platform for you. Gemini Gemini, founded by two of the most famous Bitcoin billionaires – the Winklevoss brothers, is a popular regulated cryptocurrency exchange, wallet, and custodian. Though compared to other platforms, fees might be a bit higher, Gemini is considered the crypto exchange with the best security. Offering high safety, Gemini empowers customers to access Bitcoin, which for the Winklevoss brothers is one of the best investments of our century. As Tyler Winklevoss said, “Bitcoin was the first internet money in the world. Then when you realise that money is the greatest social network of all, Bitcoin is maybe the greatest social network of all also.” Pixabay KuCoin KuCoin is another platform that deserves a spot on our list. KuCoin is a secure cryptocurrency exchange that offers users a variety of assets. As stated on Investopedia, “KuCoin offers a huge selection of cryptocurrencies and relatively low fees compared to other crypto exchanges. It also supports staking and margin, futures, and P2P trading, which may appeal to more experienced users.” Though it might be complex for complete beginners, no need to worry – customer support is available. As a result, KuCoin has a strong user base. In fact, figures show that 1 in 4 crypto holders has tried KuCoin. You can easily become a KuCoin member as well! Bitcoin Profit The iconic platform Bitcoin Profit has earned a solid reputation for saving its users time, money and stress by pairing them with a crypto broker (suited to their experience level, needs, and interests). Bitcoin Profit offers new investors the chance to invest in an enormous range of cryptocurrencies safely, simply, and securely. Its sign-up process is widely regarded as one of the fastest and easiest in the crypto market, and many users attest to its incredible range of trading tools. But that’s not all! People love that a dedicated account manager is on hand to walk you through every step of the way! How cool is that? Robinhood Just like Robin Hood who is a saviour of the poor and oppressed, Robinhood can help us, the common folk, access the potentially lucrative world of investing and employ tools reserved for the rich until recently. Robinhood is a well-known financial services company that makes crypto investing simple. It facilitates the buying and selling of different assets. One of the best advantages is its beginner-friendly app. 100% accessible! TradeStation Next is TradeStation – another popular platform that can help you access real-time market data and a variety of assets, including cryptocurrencies. Many users consider it safe as it’s transparent about its financials and it has a long track record of success. The company doesn’t rest on its laurels, though. To answer today’s consumer needs, it keeps innovating along with the market and adding new assets to the mix. Bisq Bisq deserves a special spot on our list. Why? Because this open-source desktop app is a decentralised exchange (DEX) network, which means that users can trade directly without any intermediaries and enjoy high liquidity. While DEXs might be more complicated for beginners as there are no brokers, for example, to help execute trades, DEXs ensure fast transactions, easy access, and low fees. Among all the growing in popularity DEXs, Bisq is one of the most trusted ones as it helps users buy and sell crypto securely. BlockFi BlockFi is a popular crypto lender and an easy-to-access crypto trading platform. Let’s not forget that the company grew from an ambitious start-up to a crypto giant pretty fast. Here we should note, however, that BlockFi has had its ups and downs (including legal issues), and it may be acquired by FTX soon. So what does the future hold? Simply stay tuned with the latest news! FTX Talking about FTX, we should admit that the company is undoubtedly a fast-growing exchange with ambitious plans. It offers numerous advanced tools, such as margin and futures trading and market-leading liquidity. But don’t worry, newbie! FTX is also ideal for beginners and comes with low fees. If that sounds appealing, don’t hesitate to give it a go! Just remember to consult a licensed professional if you are a complete beginner and invest only money you can afford to lose. Webull With headquarters in New York, Webull is a great brokerage platform to help you buy and sell crypto and access your funds from anywhere in the world. From BTC to DOGE, you pick! Given its low costs and multiple options, Webull is ideal for both beginners and experts. “Everyone gets smart tools for smart investing,” as stated on their website. Pixabay BitAlpha AI BitAlpha AI is another popular trading platform that has formed partnerships with some of the best brokers worldwide. BitAlpha AI provides an easy gateway for new investors to get involved in crypto safely and conveniently. The brand is compatible with most devices, meaning you can take your crypto journey wherever you go and stay up to date with your progress whilst on the move. Using a unique algorithm, it pairs its users up with perfectly suited brokerage services based on pre-defined requirements. Overall, it can save you countless time, stress, and energy. It’s easy to sign up for and suitable for almost every kind of trader. The best part is that most brokers offer demo trading that allows new users to use practice funds before diving into the market properly. Huobi Global Now let’s look at Huobi Global. Huobi Global is one of the leading crypto exchanges across the globe and one of the biggest platforms in terms of trading volume. If you decide to use Huobi Global, then you have the chance to explore different assets, including stablecoins. Let’s not forget that stablecoins – cryptos where the value is pegged to another asset (for example, USD) – are ideal for those who want to invest in crypto but do not want to subject their investments to high volatility. SushiSwap SushiSwap is one of the most popular and trusted DEXs. Users can swap any crypto for another. No wonder why there are so many Sushi chefs, aka users. The platform has expanded its services even into lending (via the Kashi app). Here we should note that many consider SushiSwap a Uniswap clone. Uniswap was proposed by genius Vitalik Buterin and implemented in 2018, which led to the launch of many other DEXs, including SushiSwap. Cash App Easy cash in never guaranteed in trading. Yet, the investment sector is exciting – and Cash App is one of the platforms that make the whole trading journey enjoyable. Cash App is a popular financial services platform and a mobile payment service that allows you to trade Bitcoin and other digital currencies. Given its unique mobile features and accessibility, there is no doubt that Cash App is gaining popularity worldwide. Interestingly enough, some of Cash App’s major competitors are giants like PayPal, Venmo, and Google Pay. BitMart And now it’s time to introduce BitMart – one of the best cryptocurrency trading platforms with real-time trading solutions and market data. With over 1,000 crypts and users across 180 countries, there is no doubt BitMart is one of the most trusted platforms for altcoins trading. Pixabay MetaMask Last but not least, let’s talk about MetaMask. While MetaMask is not a trading platform but a wallet, it deserves a place here. Why? Simply because it is favourite crypto solution that facilitates crypto trading! MetaMask allows you to buy and send crypto from within your wallet, collect NFTs across blockchains and operate dApps. You can easily open an account on one of the exchanges mentioned above, such as Binance and Coinbase, download MetaMask and start buying and selling ETH or other tokens. Would you miss out? To Sum Up To conclude this guide to the top 20 crypto trading solutions: it is important to go with a platform with a reputation for enhanced security, reliability, and ease of use. Most of all, you should first decide what suits your needs the best: a brokerage service like Webull, a centralised exchange like Gemini, a DEX like SushiSwap or a platform like BitAlpha AI that can help you with your search and connect you with a reputable partner. And of course, do not forget to explore different  mobile features and storage options like MetaMask. The sector is immense, after all! In the end, crypto investing has a lot of potential and is an important part of any financial portfolio, so ensure you do it correctly with a reliable cryptocurrency platform. The good thing is that most platforms offer a variety of assets besides crypto; you can access forex, commodities, stocks, and more. Just make sure that the platform of your choice is regulated in your country, as some of the brands on our list may have geographical limitations. Always do your own diligence, and remember that trading remains risky! Image: Pixabay      

BIS Announces Successful Completion Of CBDC For Cross-border Transactions

The world is gradually heading towards a cashless society such as CBDC making cash payments obsolete. When this happens, fiat currencies might no more be in use. So central banks are aggressively launching Central Bank Digital Currencies for easy virtual transactions. Many countries are either in the process of developing their Central Bank Digital Currency (CBDC) or have already done so. Moving forward for CBDC adoption in cross-border payments, the Bank of International Settlements (BIS) started testing a multi-jurisdictional CBDC one month ago. The BIS has announced the successful completion of the pilot for the multi-jurisdictional central bank digital currency. Related Reading: Solana Clears 100 Billion Transaction Count As NFTs Gain Prominence The test lasted five weeks with $12 million worth of real-value transactions, facilitating over 160 cross-border payments. In addition, during the pilot, foreign exchange transactions worth over $22 million occurred between 20 participating commercial banks. Along with the 20 commercial banks, the central banks of China, Hong Kong, Thailand, and UAE also participated in the pilot. This news was shared via a LinkedIn post on Tuesday by Daniel Eidan, an Advisor and Solutions Architect at the Bank of International Settlement. Fully Functional CBDC Platform To Emerge The news attracted a lot of comments from financial experts. Maciej Janusz, an eCommerce Business Development executive, asked if the pilot explored commercial aspects of cross-border payments. Daniel Eidan responded that the pilot explored wholesome CBDC cross-border payments but would likely consider the commercial part in the future. Eiden further revealed the BIS would release a detailed report in October. The pilot was conducted on the mBridge platform. The mBridge  project (multi CBDC Bridge) was part of Inthanon-LionRock, a distributed ledger tech CBDC cross-border payment project. It initially involved only Thailand and Hong Kong Central banks and was launched in September 2019. The first pilot study is the first stage in developing the multi-jurisdiction CBDC. The project will proceed to the third and last stage before a minimum version of the CBDC product enters the market. A BIS report in September 2021 states that a fully developed cross-border payment CBDC platform would emerge after revisions. During the revisions, BIS would evaluate feedback from released minimum versions and consider suggestions. CBDCs Gain Global Adoption A June 2022 report showed that about 90% of the world’s central banks are considering the adoption of CBDCs. According to the Atlantic Council, 11 countries have launched CBDCs 15 are in the pilot phase, while 26 are in the development phase. Related Reading: Investors Cash Out $5M From 7-Week Bull Run On Short Bitcoin Atlantic Council’s analysis also revealed that 46 CBDCs are in the research phase, ten are active, and two got canceled. In September 2021, IMF released an article on its website about enhancing digital and global infrastructures in cross-border payments. The IMF thoroughly discussed opportunities, risks, and challenges associated with cross-border payments in the article. It also discussed frameworks that should be in place for sustainable cross-border payments. In the article, IMF recommended anti-money laundering laws and regulations of virtual assets service providers, stablecoins, and CBDCs for cross-border payments. Featured image: Pixabay and chart from TradingView.com