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Dave Portnoy has been dabbling in the crypto and Bitcoin market for a few weeks now. After being reintroduced to the cryptocurrency market by Twitter, the Barstool Sports founder and celebrity day trader has been frequenting Crypto Twitter. It reached a point where he was introduced to the Winklevoss Twins, who co-founded the Gemini crypto exchange. Portnoy was then visited by the twins, who convinced him to buy Bitcoin and Chainlink (LINK). According to the Barstool founder, he purchased around $200,000 worth of Bitcoin and $50,000 worth of Chainlink. The cryptocurrency market then rallied around 5% in the day after he made this purchase, with LINK especially surging. After temporarily selling all his cryptocurrencies due to $25,000 worth of losses he incurred, Portnoy just announced that he may re-enter this nascent market. Dave Portnoy May Soon Re-Enter Bitcoin On August 30th, the Bitcoin newbie announced that he will soon re-enter the crypto market once he’s figured out the i...

Sorry for the drama, but this is just outrageous. There are some things that should be off-limits, like deliberately lying to newbies. Have a look at this thread where a newbie asks for help buying Bitcoin, please don't bregade, comment or vote: https://np.reddit.com/r/btc/comments/ijksed/where_can_i_buy_bitcoin/ Archive: https://web.archive.org/save/https://np.reddit.com/r/btc/comments/ijksed/where_can_i_buy_bitcoin/ Apart from the normal "buy this altcoin instead for x and y reasons" the head moderator himself comes in and deliberately and knowingly gives a link to a site that sells an altcoin. To make it worse, it is his own site that he directly profits from. I have already reported it to the Reddit admins, people being this dishonest need to get ejected from cryptocurrencies IMO. They definitely should not be running subreddits. submitted by /u/bitmegalomaniac [link] [comments] from Bitcoin - The Currency of the Internet https://ift.tt/3hJV0w2

Are there any apps on iPhone you guys would recommend for new comers? submitted by /u/BlaBla168 [link] [comments] from Bitcoin - The Currency of the Internet https://ift.tt/2YNMapO

Most Japanese crypto traders may be leaving altcoins behind entirely. The vast majority of Japanese crypto traders who started getting into the market in the last year may be investing solely in Bitcoin. According to data published on Aug. 19 from the Japan Virtual and Crypto Assets Exchange Association (JVCEA), Bitcoin’s dominance relative to altcoins in the Japanese market reached more than 87% in April. No other token accounted for more than 6% of monthly volume traded. In the same month, the number of active accounts for spot crypto trading in Japan increased by 13,987, an all-time high at the time. “It seems like Japanese investors’ overall interest in altcoins has been shrinking over time relative to their interests in Bitcoin,” said Yuya Hasegawa, a market analyst at Japan-based crypto exchange bitbank. “Given the growth in the number of active accounts, the vast majority of the newer market participants in Japan, particularly since last summer, are likely to be intereste...

Maybe opensource software built by free developers isn't as good a company holding your bitcoin sometimes submitted by /u/kola401 [link] [comments] from Bitcoin - The Currency of the Internet https://ift.tt/34IaSM2

What more would you need? submitted by /u/TurongaFry3000 [link] [comments] from Bitcoin - The Currency of the Internet https://ift.tt/3jufVDX

How to explain Bitcoin to a newbie, without overwhelming them? This might help: https://www.cryptovantage.com/news/ask-cryptovantage-whats-the-best-way-to-explain-bitcoin-to-a-newcomer/ submitted by /u/thecryptovantage [link] [comments] from Bitcoin - The Currency of the Internet https://ift.tt/34M8N1y

I've opened a channel to a peer and everything was fine for the first month or so. Channel was "active", but now all of a sudden the channel I opened with that peer is no longer active. I am still connected to this peer and they are still online. I can do a lncli getnodeinfo [pubkey] to get their information but the channel we have together has now been offline for a few weeks now. I've tried stopping LND and running it again. I've tried manually disconnecting from this peer (not closing the channel but disconnecting) and reconnecting. Nothing seems to work. The only option that I could think of next would be to force close the channel, incur the high transaction fee, and then open a new channel (again paying transaction fees), but even then, it might go offline again after all that. I'm running version LND 0.10.3-beta. Any info would be appreciated! Thanks! submitted by /u/Dockin [link] [comments] from Bitcoin - The Currency of the Internet ...

I’m Canadian if that matters. I’m looking to invest around 5k in BTC and looking for the easiest, most effective way to do so. I’ve already purchased a Trezor so thats how I’ll be storing it all. What platform should I use? Should I go to Toronto and use an ATM? This is my first time doing any of this and I’ve heard of many websites/ways to purchase BTC but some have a limit and other restrictions. Looking for advice. Is it better to buy it in lump sums? Or all at once? Or does it really matter. I don’t really do much stocks but have been wanting to invest in BTC for awhile and am in a financial situation to be able to do so. Any help/advice would be great! Thank you! submitted by /u/jtww [link] [comments] from Bitcoin - The Currency of the Internet https://ift.tt/2YQDqiu

Continue reading Does Facebook still sell discriminatory ads? at E-Crypto News. from E-Crypto News https://ift.tt/3gJGAuK

Chainlink has been flashing some signs of strength throughout the past few days and weeks, with the cryptocurrency’s securing a relatively strong foothold above the $17.00 region following its latest surge. It has established the upper-$17.00 region as resistance, as a rally up to this area earlier today was followed by a strong rejection that sent the crypto plunging to lows of $16.50. Bulls are now ardently defending against a dip below the $17.00 region, as a confirmation of this level as support may provide it with enough momentum to rally higher in the coming few days. While speaking about the importance of this level, one analyst explained that as long as bulls guard against a dip below this level in the coming few hours, LINK could be well-positioned to rally as high as $19.00. That being said, the same analyst also notes that a dip below this level could lead it to slide down towards $15.00 in the near-term. Chainlink Struggles to Hold Above $17.00 Following Rejection at ...

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Ethereum’s put-call ratio dropped to its lowest level in 3 months, suggesting that traders expect Ether price to rise higher. Ether ( ETH ) options open interest grew by 230% to reach $393 million in the past three months. Although this is an impressive figure, it doesn’t fully reflect how the derivative instruments being used. Ether options open interest, USD. Source: Skew Strike levels appear bullish The first thing one should take note of is the most used price levels (strikes). Once again, this information does not provide a clear picture of whether these options are mostly used for bullish or bearish strategies. In general, a chart heavily populated with strikes below the current market level indicates that either traders were taken by surprise due to a recent hike, or fewer investors are currently bullish. Ether options by strike level, (thousands). Source: Skew According to the above data, there are presently 535K Ether options open interest with strikes at $380 and be...

The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — one week on Cointelegraph in one link! Coming every Sunday, Hodlers Digest will help you track every single important news story that happened this week.   Top Stories This Week   YFI price soars to $38,800 hitting $1 billion market cap Can it go higher? Yearn.finances founder, Andre Cronje, has warned that YFI tokens are worthless but this hasnt stopped them from rising even higher over the weekend. YFI surged by more than 75% in 24 hours achieving a new all-time high of $38,883. (Prices have cooled since then, falling to $29,876 at the time of writing.) DeFi enthusiasts remain upbeat about YFI, pointing to Cronjes fast-paced product releases as a positive long-term catalyst for YFI. And over the long term, some analysts believe yearn.finance could achieve a valuation of several billion dollars. One of them, Tyler Reynolds, says $500,000 YFI is possi...

A long-time holder was unfortunately taken for their 1,400 BTC – over $16 million worth of Bitcoin – in a wallet exploit. But how were hackers able to make off with this user’s cryptocurrency? And what can others do to avoid the same situation from happening to them? Crypto Crime Takes A Bow But Is Just As Active Behind The Curtain Due to the lowered frequency and severity of big crypto exchange hacks compared to the past, Bitcoin-related hacks have since cooled off in the media. Phishing attempts, ransomware, and SIM-card hacks are just three examples of crypto-related crime that isn’t widely covered. Related Reading | Dangers of DeFi Hype Surface Following One-Hour Crypto Scam It wasn’t until recently when several high profile Twitter accounts of celebrities, politicians, and company CEOs were hacked as part of a phony Bitcoin giveaway scam. Hacks are commonplace in crypto, but it is only when there’s something of significance attached does it make the news. And a new hack ...

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Both Bitcoin and Ethereum have stalled, but it seems that altcoins are once again popping off. A swath of digital assets in the top 100 have gained dozens of percent in the past 24 hours, with some managing to even double. One such digital asset outperforming the market leaders is BZRX, the native token of the bZx Protocol. That cryptocurrency is up 30% in the past 24 hours, surmounting the value of $1.00 for the first time ever. BZRX, based on Ethereum, trades at $1.11 as of this article’s writing. Chart of BXZ Protocol's token over the past few days from TradingView.com Why Is the Ethereum-Based BZRX Up 30% in the Past 24 Hours? The coin is up a lot in the past 24 hours due to a listing on Binance. Binance has rapidly ramped up its listing process over recent weeks due to it being a bull market. By NewsBTC’s estimates, approximately two-dozen coins have been listed in the past month alone. Coins listed by notable exchanges like Binance and Coinbase often lead to rallies in ...

Ethereum has firmly surmounted its $400 for the first time in a few weeks, with buyers now attempting flip this level into support. The crypto’s latest upswing has allowed it to outperform both Bitcoin and most other major altcoins significantly Analysts are widely noting that the cryptocurrency is reaching a decision point, with its near-term trend likely being determined by how it reacts to the resistance that sits at $405. That being said, a support-resistance flip of $380 could be enough to send it flying significantly higher, with one analyst noting that this could lead to an influx of buying pressure. Ethereum Shows Signs of Strength Following Break Above $400 At the time of writing, Ethereum is trading up roughly 2% at its current price of $403. This is around the upper boundary of the trading range that the crypto has been caught within in recent weeks. It is important to note that while the cryptocurrency has struggled to gain a foothold above $400 on multiple occasion...

Throwaway for obvious reasons. My family is living in a small house in a crowded city. We want more space. I happen to be sitting on a bit of bitcoin. The exact amount doesn't matter. If you could sell 8% of your bitcoin to buy a couple hundred acres of land, would you do it? I really wanted to wait until around $30k to start selling chunks of bitcoin to finance an off grid home. But life has thrown a few curveballs and my family needs more space sooner than later. While I firmly believe that bitcoin will be at least 3x in a year from now, having land that we own outright would carry an enormous value. It would allow us to start planning the build for our future home. I should also add that the wife really wants me to get this property. If bitcoin moons, I will have missed out on hundreds of thousands, if not millions of dollars. But on the other hand, if that happens, the remainder of my stash will be worth a literal fortune. So, should I do it? Should I part with 8% to make the...

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Even the FDA uses blockchain Federal agencies have turned to blockchain for its transparency, efficiency, security and flexibility. According to  FedTech magazine , several federal agencies like the U.S. Food and Drug Administration, or FDA, and the Department of Treasury began using blockchain. Officials in the US Food and Drug Administration needed an effective way to help them track data on the H1N1 swine flu virus that had begun to spread again in 2017. Of course, officials at the US Food and Drug Administration did not find a better way than adopting blockchain technology. Henry Francis, associate director for data mining and informatics evaluation and research at the FDA’s Center for Drug Evaluation and Research, has already successfully developed a blockchain-based application that automatically enables them to obtain encrypted data in real-time, from many sources.  Francis explained that the real-time Application for Portable Interactive Devices (RAPID) program i...

The Federal Reserve Chairman Jerome Powell made a shocking announcement during yesterday’s widely watched speech, in which he noted that the Fed will be allowing inflation to start running past 2%. This had far-reaching implications, influencing the price of assets like gold, crypto, and equities. Although high inflation is overtly positive for Bitcoin in the near-term, investors faded the move, with the crypto rallying as high as $11,600 before losing its momentum and plunging down to lows of $11,150. This decline was fleeting, as bulls have since erased virtually all of the losses that came about as a result of this movement. Despite the inflation news not having any positive short-term impacts on Bitcoin, the CEO of FinTech company Ripple believes that it will help direct heightened focus to crypto going forward – providing the entire market with a significant boost. Fed Decides to Let Interest Rates Run Hot The massive money printing that has been undertaken by the U.S. gover...

“SHA-256 is very strong. It's not like the incremental step from MD5 to SHA1. It can last several decades unless there's some massive breakthrough attack.” “If SHA-256 became completely broken, I think we could come to some agreement about what the honest block chain was before the trouble started, lock that in and continue from there with a new hash function.” Source: https://bitcointalk.org/index.php?topic=191.msg1585#msg1585 And keep in mind that this is worst case situation, as if Quantum computers came unsuspectedly years earlier- I think lamport signature or other solutions could easily be implemented before any trouble comes. submitted by /u/Veryuniquenames [link] [comments] from Bitcoin - The Currency of the Internet https://ift.tt/2G98uni

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In here we have this app/platform coins.ph wherein we can easily cash in and convert to bitcoin for a fee. However the fee is really high and the app is somewhat unstable (in my usage). Is there any other platform where we can easily cash in, buy/receive bitcoins and cash out. Please be available in the Philippines. submitted by /u/chinkyn00dles [link] [comments] from Bitcoin - The Currency of the Internet https://ift.tt/3lpXKB4

So I was storing majority of my bitcoins in bitpay wallet because I read somewhere that it’s like hard wallet generates and keep keys and recovery phrase offline. But yes I realised it’s btc network fee is pretty high which is 65 Santoshi per byte (this is minimum fee you can set) So in long run is it good to hold large amount of bitcoins here or should I use some other wallet Also please give me suggestions of wallets I can use submitted by /u/iTziSteal [link] [comments] from Bitcoin - The Currency of the Internet https://ift.tt/3luWVHi

Bitcoin breaking through $10,000 immediately brought with it the return of talk of new all-time highs. But the longer the cryptocurrency stays this far below the stock-to-flow model, the more likely lengthening market cycles become more plausible. Here’s why a new all-time high may not happen in the crypto market for at least another year, according to one of the most accurate long term analysts in crypto. Halving Just Hype? Here’s Why Longer Bitcoin Cycles Mean No New ATH Until 2021 The crypto market is a strange beast. The regulation-light, wild west atmosphere is amplified by braggarts hiding behind pictures of animals and using pseudonymous names on social media. The crypto industry was built on transparency, but also privacy. Even Bitcoin’s creator went by a pseudonym , and the world may never know who exactly was responsible for one of the most revolutionary financial technologies ever to exist. But much like Satoshi’s accomplishments and contributions shouldn’t be any less...

Hi, I created a multisig wallet ( P2WSH ) using Caravan with three Electrum ( P2PKH ) wallets. Can I spend from it or did I fuck up? submitted by /u/theowaway01 [link] [comments] from Bitcoin - The Currency of the Internet https://ift.tt/3b40r6G

I currently have $117.46/0.01019635btc I keep getting the insufficient amount error every time I try to do a transaction due to miners fee. How much more would I have to invest in order to be able to make a successful transaction at a quick 1-2hr rate? Is Blockchain a wallet worth using or is there a wallet with lower miners fee? submitted by /u/JohnRemiel [link] [comments] from Bitcoin - The Currency of the Internet https://ift.tt/31zQk6q

It seems half of the equipment listed in the raspiblitz read me guide is no longer available. Building first node, don’t want to mess it up - anyone have a line on compatible equipment to build a nice lightning node with display?? submitted by /u/brrrr_infinity [link] [comments] from Bitcoin - The Currency of the Internet https://ift.tt/34HtnA5

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How ? If you look at it from the perspective "what is a max possible net worth today for a private person" Let's calculate: Jeff Bezos net worth = 200B $ Winkelvoss Brothers own 1% of all BTC = 2B $ today If bitcoin = 1M $ then Winkelvoss net worth = 200B $ equals Jeff Bezos So no big deal... submitted by /u/RedWineBlackPiano [link] [comments] from Bitcoin - The Currency of the Internet https://ift.tt/2QyQjcD

Bitcoin barely reacted to today’s CME futures expiry, but is this a bullish or bearish signal? Today’s Bitcoin ( BTC ) futures expiry was lackluster both in terms of price impact and volume. Open interest dropped by a mere $157 million, barely moving from its $5 billion mark.  As CoinTelegraph correctly predicted yesterday, this most recent CME Bitcoin futures expiry was irrelevant . Some $125 million worth of August contracts were set to liquidate today, although preliminary data indicates less than $40 million were not rolled over for the upcoming months. Total open interest, USD million. Source: Bybt.com & CoinTelegraph The chart above shows the total open interest change over the past 24-hours, although the data includes inverse swaps (perpetual) and the remaining calendar months.  Nevertheless, this is strikingly opposite from the July expiry when $500 million worth of futures contracts were liquidated. Expiry size depends on recent price activity The main r...

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Binance and Oasis Labs are building a platform to facilitate threat intelligence sharing among exchanges. The world’s largest cryptocurrency exchange, Binance, has teamed up with privacy-centric blockchain-powered cloud computing developers Oasis Labs to fight fraud in the crypto sector. Oasis was announced as the inaugural member and primary infrastructure provider for the Binance-led CryptoSafe Alliance on August 27. Oasis Labs’ “confidential smart contracts” will be utilized in building the decentralized CryptoSafe Platform which is designed to share threat intelligence data among crypto exchanges. The CryptoSafe Platform will be powered by the Oasis Network blockchain. The firms emphasize the need for the platform to enable collaborative fraud detection while ensuring that the data of participating exchanges is kept confidential and private. The platform will first facilitate private intelligence sharing, before moving to offer “real-time fraud analysis to fight cryptocurren...

After years of offering TV service along with its high-speed internet package, Google Fiber announced in February that it will only offer new customers options to sign up for streaming services. At the time, it supported YouTube TV and fuboTV, and now it’s adding Philo’s 61-channel $20 package as an option. Continue reading Google Fiber adds Philo streaming as an option next to YouTube and fubo at E-Crypto News. from E-Crypto News https://ift.tt/3hASdFF

Bitcoin saw some immense turbulence earlier today that came about due to news regarding the Federal Reserve’s intention to anchor interest rates near zero while they allow inflation to run high in the near-term to support the economy. This instantly led macro assets like Bitcoin, gold, and other safe havens to rally, with BTC’s price surging from lows of $11,200 to highs of $11,600. As soon as it tapped these highs, however, the cryptocurrency plunged back down to its recent lows, signaling that investors aren’t too enthusiastic about the short-term implications that high inflation will have on Bitcoin’s price action. This isn’t the first time that Bitcoin has posted a similar reaction to Federal Reserve-related news, leading one analyst to observe a trend of investors “fading the Fed.” Federal Reserve Boosts Case for Hard Assets Like Bitcoin with New Inflation Plans   During a speech from earlier today, Federal Reserve Chairman Jerome Powell announced that the central b...

In case you missed it: https://www.simplex.com/account/ My friends in the EU were talking about it and said they've had good experiences using it. I'd like to know if you can echo those statements as they're not super into technology. To me it seems like it's a Transferwise competitor. I occasionally sell Bitcoin to pay my bills (a man has gotta eat...) and euros work for me. Would appreciate your thoughts! submitted by /u/PlayfulBenefit [link] [comments] from Bitcoin - The Currency of the Internet https://ift.tt/3lt85Mv

The partnership between Archax and Algorand could help bridge the gap between decentralized and centralized finance Digital security exchange Archax and DeFi protocol Algorand have formed a partnership to build a new line of products to bridge the gap between centralized, and decentralized, finance. Archax and Algorand will work together to release “innovative smart financial products” including stablecoins using smart contracts and liquid alternatives — mutual funds or exchange-traded funds (ETFs) that aim to provide investors with diversification. Algorand, which recently upgraded its scalable smart contracts for DeFi and DApp solutions, will build the products and Archax, one of the first exchanges to obtain an operational license from the U.K.’s Financial Conduct Authority, will list them for trading. In an Aug. 27 statement, Archax CEO Graham Rodford said the partnership would be one of many to help bring about institutional adoption. “We are a blockchain agnostic marketp...