With altcoins falling to new yearly lows, will Bitcoin also cave or will it continue to outperform? Let’s consult the charts
You may also like
The gaming world burst into an outrage as a result of Blizzard’s move to expel a leading professional gamer from Hong Kong, Chung Ng Wai (aka Blitzchung), from its international Hearthstone esports tournament. Hearthstone is an online game featuring collectible cards that give players certain characters and abilities for an edge against their opponents.
It was not long until Gods Unchained, a rival blockchain-based game, claimed it will give back Blitzchung all his rescinded winnings and welcome him into their tournaments.
Blitzchung was removed from the Hearthstone Grandmaster tournament he had just won as soon as he said: “Liberate Honk Kong, the revolution of our time” in an interview. In a display of solidarity with the Hong Kong protestors, the 21-year-old gamer wore a gas mask (frequently donned by the protestors) right before…
Major antivirus software supplier ESET has discovered a trojanized Tor Browser designed to steal Bitcoin (BTC) from buyers in the darknet.
Fake browser distributed via 2 websites
Targeting users in Russia, the fake Tor Browser was distributed via two websites and has been stealing crypto from darknet shoppers by swapping the original crypto addresses since 2017, ESET’s editorial division WeLiveSecurity reported Oct. 18.
Created back in 2014, the two fake Tor Browser websites — tor-browser[.]org and torproect[.]org — are mimicking the real website of the anonymous browser, torproject.org.
According to the Slovakian software security firm, these websites display a message that users have an outdated version of Tor Browser even if they have the most up-to-date Tor Browser version, offering to download the fake version containing malware.
Over $40,000 stolen in Bitcoin
According to the firm, the newly discovered malware has been distributed for…
Facebook’s dream of being a cryptocurrency giant is seemingly becoming more distant by the day, as increasing regulatory uncertainty continues to jeopardize the company’s Libra project. While Libra has been surrounded by anything but good news even before its launch, crypto watchers should ask themselves, Does Bitcoin need Libra to thrive at all? A crypto world without Libra — is that a good thing or not? What would a no-Libra crypto world be like, and how would that impact Bitcoin?
Despite its innovative approach and its ambition as a global currency, Facebook’s Libra seems to remain an unwelcome presence in the world of traditional finance, especially from a regulatory perspective. Just recently, a G-7 report warned that a global cryptocurrency like Libra could pose a risk to the global financial system. The report highlighted Anti-Money Laundering (AML)…
French Bitcoin (BTC) Lightning Network (LN) implementation developer ACINQ introduced its second-generation Lightning Network wallet, Phoenix, via Twitter, on Oct. 18. A video accompanying the post demonstrates a number of wallet functions, all accessed via a user-friendly interface.
From setup to receiving and making payments in under a minute
From a fresh install of the wallet app on an Android device, setting up a new wallet is a single click away. Although the new wallet has no open channels, it can still produce an LN invoice and receive funds.
On receipt of an incoming transaction, the app offers to set up a payment channel on-the-fly for a set fee. The user can either accept the fee, avoiding incoming liquidity issues completely or refuse the payment.
Once the wallet is funded, Lightning Network payments can be made by scanning QR invoices and pressing…
Founder and CEO of crypto investment firm BKCM Brian Kelly has said that Bitcoin (BTC) exchange-traded funds (ETF) are hardly needed for the ecosystem’s development, given that the coin is already available on regulated platforms such as Fidelity and TD Ameritrade.
Kelly made his remarks during an interview with CNBC published on Oct. 11, explaining:
“You have companies like Fidelity and TD Ameritrade starting to push into this space. So ultimately you’re going to be able to buy Bitcoin in a regular brokerage account, or it’s going to look like a regular brokerage account. So I’m less concerned that you need a bitcoin ETF at this point in time.”
He also pointed out that the United States Commodity Futures Trading Commission’s (CFTC) decision to define Ethereum as a commodity made a significant impact on the space, adding:
“The CFTC saying that Ethereum…
Twenty-eight organizations including Raiffeisen and 17 other banks have participated in the successful completion of the Ivno Global Tokenized Collateral Trial. This is the first global token trial on the R3 Corda platform, hosted on Microsoft Azure, as reported on Oct. 17.
Efficiencies in tokenized collateral
The trial, conducted by London-based Ivno, saw the participating organizations create $18 billion of Trial Tokens, and transfer them through the Ivno network. This was a live demonstration of how mobile collateral tokens can be used for instant settlement, collateral management and effective cash transfer.
Ivno’s platform is designed to improve efficiency and create new business opportunities while reducing the infrastructure costs of inefficient legacy post-trade processes.
First large scale trial on R3 Corda
This represents the first global-scale trial on R3’s Corda platform. R3 CEO, David E Rutter explained the significance:
“The number and caliber of participants…
Bitcoin (BTC) may only be ten years old, but it is about to match half the lifespan of the average fiat currency — while actually increasing in value.
Average fiat dies in 27 years
As Bitcoin statistician and commentator Willy Woo noted on Oct. 18, the largest cryptocurrency has been around 40% as long as the average government-issued currency.
Woo was referencing a 2018 study by DollarDaze. Out of 775 fiat currencies past and present, researchers concluded the average lifespan is just 27 years.
The longest-living fiat currency, the British pound sterling, has lost practically all its value since its inception, not helped by leaving the gold standard in 1931.
“Bitcoin has already reached 40% of the life expectancy of the average fiat currency (27yrs). The most successful fiat currency has lost 99.5% of its value,” Woo summarized.
The figures contrast with the ongoing…
Sunday, Oct. 13 — Bitcoin (BTC) continues to bounce around the $8,400 price mark, while most of the top-20 coins by market capitalization report slight gains.
Market visualization. Source: Coin360
Cryptocurrency markets are seeing mild gains, generally within a tight range of 1–2%. Binance Coin (BNB), the number eight coin by market capitalization, is the only top-20 coin that that stands out and is surging more than 7.5%.
Bitcoin has been bouncing between $8,300 and $8,400 for most of the day. The world’s most popular cryptocurrency traded from an intraday low of around $8,330 up to its current trading price near $8,425, showing modest gains of around 1.2% in the past 24 hours.
While BTC trades within a tight range and might be getting ready for a big move, billionaire investor…