Category: Cryptocurrency News

Another week of wild volatility has hit the cryptoasset market, as China’s latest ban collides with accelerating adoption to catalyze big market swings. First, fears of the financial collapse of Chinese developer Evergrande sent crypto sliding last Monday, before the market turned around as Twitter added Bitcoin tipping. El Salvador’s President Bukele then bought the dip, only for the gains to be erased on Friday as Chinese authorities announced yet another crypto crackdown. When the dust settled, Bitcoin and Ethereum were both sitting slightly higher with 2% and 5% weekly gains respectively. DeFi tokens however, enjoyed even bigger wins in anticipation of more Chinese users being forced into the DeFi wilderness. Exchange protocol Uniswap has risen 23%, while up-and-coming platforms Tezos and Cardano are celebrating 25% and 8% gains. This Week’s Highlights China ban fails to sink Bitcoin Twitter accelerates crypto adoption eToro launches DeFi Portfolio China ban fails to sink Bitcoin Digital asset traders were left with déjà vu on Friday as Chinese authorities announced yet another crypto crackdown. The Chinese central bank said in an announcement that all crypto-related activities are now illegal, including exchange services between cryptoassets, and between fiat currencies and cryptoassets. Bitcoin tumbled on the news, but soon recovered on a wave of optimism about the opportunity for adoption elsewhere. Weighing in on Twitter, U.S. Senator Pat Toomey said that “China’s authoritarian crackdown on crypto” represents “a big opportunity for the U.S.” to take part in what is “arguably the most exciting innovation in finance in decades.” Twitter accelerates crypto adoption Twitter has taken crypto another step closer to full-blown mainstream adoption by enabling Bitcoin tipping, and revealed plans to roll out an NFT authentication feature. Tipping, which is currently only available on iOS, uses Bitcoin Lightning Network to allow anyone to receive direct donations from profile visitors. NFT authentication on the other hand, is expected to allow users to connect their wallets to showcase their NFT collections. Alongside Reddit’s Moon Tokens on Ethereum, and Facebook’s ongoing Diem project, crypto now looks set to be a permanent feature of social media. This could lead more otherwise uninterested social media denizens to develop cravings for cryptoassets over the next few years. eToro launches DeFiPortfolio The DeFi revolution has begun, and the dizzying pace of innovation is making it difficult for even the most informed investors to keep up. eToro is now offering an easy way to stay ahead of the growing decentralized finance movement. The DeFiPortfolio bundles together the top decentralized finance projects, giving you exposure to every corner of the ecosystem — from Uniswap to Yearn.Finance and more — without having to spend hours on research. Learn more about eToro’s newly launched DeFiPortfolio. Week ahead As September draws to a close, analysts including Galaxy Digital’s Mike Novogratz are anticipating a bullish fourth quarter. In October, the biggest upcoming price catalyst could be the approval of a Bitcoin ETF. Bloomberg analyst Eric Balchunas gives this a 75% chance. On the bearish side, Washington now has crypto firmly in its regulatory crosshairs. Jake Chervinsky, crypto lawyer at Compound, expects enforcement activity from the U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) in the next two weeks as the agencies seek to boost performance before the end of the fiscal year.   Image by Gerd Altmann from Pixabay

For those who missed it: Rocket Pool launches on mainnet on 06.10.21 00:00 UTC [1] Some context: to stake ETH you need to run your own validator with 32ETH minimum, which is locked up until the merge (one of the ETH 2.0 upgrades) Rocket pool offers delegated staking starting with 0.01 ETH. On top of…
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Crypto markets were rocked on Friday as it emerged that China was implementing a full ban on cryptoasset trading inside the country. Despite it having announced the ban previously, markets reacted badly with big falls in BTC and other altcoins. BTC entered last week on a downward trend and had already hit a low of $40,500 by Wednesday morning, but it was recovering steadily until the news from China knocked it down more than 8% on Friday. The price then stabilised before a jump on Sunday and returned to over £44,100 this morning. ETH likewise hit a weekly low on Wednesday, touching £2,700 before a climb back up to over $3,100. Following its own fall of over 9% on Friday, ETH then stabilised along with BTC over the weekend and was trading again at over $3,100 this morning after strong gains on Sunday. Twitter launches crypto features Social media platform Twitter has launched a series of crypto-related features on its platform. Users will now be able to tip popular tweeters in bitcoin through Strike, a third-party payments app built on the Bitcoin Lightning Network. iOS-based Twitter users will now be able to access the Tips feature while the platform says it will roll out Android functionality soon. The company is also looking to make non-fungible tokens (NFTs) more prominent on the platform, giving creators more tools and moderation functions. Twitter says it is exploring NFT authentication which would let users connect their crypto wallets directly to their social media accounts in order to display their owned artwork on their profiles. Sorare secures bumper $680 million SoftBank funding NFT marketplace Sorare announced on Wednesday that it has secured a mega $680 million funding round led by high-profile Japanese tech investment house SoftBank. Sorare is a marketplace for non-fungible tokens (NFTs). The platform is now valued around $4.3 billion after the Series B funding round. SoftBank led a previous round of investment in July, injecting $532 million. The firm plans to use the fresh cash injection to expand its sports NFT offering. The firm will expand its football portfolio of NFTs by seeking partnerships with football leagues and associations. It has already secured deals with French heavyweight team Paris Saint-Germain, English Premier League champions Liverpool and the Spanish-based La Liga league. Sorare is also looking at diversifying its NFT offering, exploring sports beyond football. Issues have arisen among other sports, however, as major leagues such as the NFL in the US specifically proscribe players and clubs from creating or selling NFTs. Evergrande causes rollercoaster week for crypto markets The news has been heavily focused on events in China in the past week, with crypto not immune from the permutations. Early in the week, news began to emerge of the Evergrande crisis which sent contagion spiralling through all markets. Cryptoassets felt the effects as the broad-base selloff took hold on Monday. Evergrande has massive debt exposure – over $300 billion – and has failed to make payments on time to its creditors. The implications for wider crypto markets are not direct, but with debt fears looming, cryptoassets such as Tether could be affected. Stablecoins like Tether are pegged to fiat currencies such as the US Dollar. But to maintain the peg they require holdings to match the value of the cryptoasset. Many can’t hold large amounts of cash and instead use commercial paper – a form of short-term debt – to account for the value. The issue here is that, with Evergrande creating 2008-style contagion risk for debt markets, stablecoins could run into trouble were the commercial paper they hold to lose value. Unfortunately, as such a crisis is unprecedented, it remains to be seen what will happen next. This is a marketing communication and should not be taken as investment advice, personal recommendation, or an offer of, or solicitation to buy or sell, any financial instruments. This material has been prepared without having regard to any particular investment objectives or financial situation, and has not been prepared in accordance with the legal and regulatory requirements to promote independent research. Any references to past performance of a financial instrument, index or a packaged investment product are not, and should not be taken as a reliable indicator of future results. All contents within this report are for informational purposes only and does not constitute financial advice. eToro makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared utilizing publicly available information. Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework. Your capital is at risk.   Image by Roy Buri from Pixabay

I want to get my buddy a shirt for his birthday with a QR code for his ETH address. He uses Argent wallet, I don't so I don't know how it works. If I ask him for his QR code to receive ETH will that QR code always work and funds will go to him?…
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I could give 10 Kovan ETH for 1 Rinkeby ETH. If you would just send me some, here is my addy: 0x739CfCAd3B06F98F28B48A7561a28A95311e503d thanks submitted by /u/hegedis [link] [comments]

On Bitcoin’s 12th anniversary, a mystery miner from the early days spent 1,000 decade-old bitcoins that were mined in 2010. The strange miner was not the only entity that spent 2010 BTC block rewards during the last nine months, but this miner returned on a few occasions to spend strings of ten-year-old block rewards. As […]

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This is my step by step method of scamming a scammer with excerpts from our chat. Enjoy! ​ Full chat here: https://imgur.com/a/jU9bI5g Transaction here: https://www.blockchain.com/btc/tx/e49f7b2b5b69648a851eb6575595e749371f6bc40d1098593c0dafd4937e3b3a ​ Step 1 – Check user's profile and accept the chat. 0 day old account with no karma = scammer ​ Step 2 – Pretend to be rich and dumb…
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