World’s Best Crypto suggestions

Chainlink recently saw a record-breaking rebound , closing an intraday rally with more than 30% gains on the day. The recovery kept climbing but has since turned around at the top of a downtrend channel that thus far has been holding. Will the downtrend take the cryptocurrency lower? And what other factors back up any theories predicting more downside in the altcoin ahead? Chainlink Downtrend To Deepend, Following Record-Breaking Rally And Rejection Last week, after sweeping lows, Chainlink rebounded from under $8 back up to over $11 at the local high. The over 30% surge broke records for the most green day in all of 2020 – a year where the altcoin has been just about unstoppable. The year started off with the cryptocurrency setting fresh highs, only to collapse during the Black Thursday carnage to nearly zero . The bounce from lows sent Chainlink on a journey toward price discovery mode, and eventually peaked at $20 per LINK token. From that peak, however, a downtrend channel h

Yearn.finance (YFI) took a strong hit around 24 hours ago when a yet-to-launch project related to protocol experienced a bug. For those that don’t know, Andre Cronje, founder of Yearn.finance, deployed a series of new contracts relating to a new, still-to-launch game called Eminence Finance. Eminence is slated to be an Ethereum-based card game with a focus on guilds. Users, largely YFI holders, deployed capital into the Eminence contracts despite no official launch or website. Unfortunately, there was a bug in the deployed contracts that allowed a user to withdraw $15 million worth of DAI from the contracts by putting in much less. Many immediately sold their YFI after the bug was exploited for that $15 million. The coin remains down around 15-20% since the bug was exploited as there remains uncertainty in the market. Related Reading:  MicroStrategy’s Stock Continues to Soar After Bitcoin Purchase Yearn.finance (YFI) Still Down After EMN Imbroglio Yearn.finance currently trades

Sorry if that’s a dumb question I’m assuming the price will drop? I’m fairly new to bitcoin. submitted by /u/Ajqz [link] [comments] from Bitcoin - The Currency of the Internet https://ift.tt/3cPLUfO

So a friend of mine has been making money buying Bitcoin then selling large amounts on localcryptos for up to 7% above market value instantly, is this truest achievable? It seems too easy. Any opinions would be appreciated. Thanks, Kaden submitted by /u/kadenhickin [link] [comments] from Bitcoin - The Currency of the Internet https://ift.tt/3jiPotx

Crypto traders can earn passive income through Neutrino stablecoin staking. U.S.-based cryptocurrency exchange Waves.Exchange, which supports the price-stable multi-asset Neutrino protocol, is introducing a way for crypto traders to earn passive income through stablecoin staking. According to a Sept. 29 announcement from Waves, the exchange has expanded its tokenized assets ecosystem to include seven different Neutrino stablecoins — synthetic versions of national currencies — through a decentralized foreign exchange market, or 'DeFo'. Holders of the Neutrino US dollar (USDN), euro (EURN), yen (JPYN), yuan (CNYN), ruble (RUBN), Ukrainian Hryvnia (UAHN) and Nigerian Naira (NGNN) can reportedly get up to 15% annual percentage yields (APY) through staking. Users can also receive up to 20% by providing liquidity to the stablecoin pools. According to Waves, there will be no penalties for withdrawals. Unlike centralized fiat-collateralized stablecoins, where holders have to trust

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Hello reddit, Before you rip me apart, please understand I am just beginning to learn bitcoin. I admit that the entire concept has really grasped me. My question is one of legit curiosity. Not trying to stir up trouble or say bitcoin is good or bad. But basically, if I have bit coin as currency.. what’s to force me to pay taxes? The government would never know how much money I have more how much I’m spending. Wouldn’t this make it really easy to avoid taxes? I understand that if btc were an actual currency that was provided by w2 income then obviously it would be reported to the irs. So this question doesn’t really apply to the potential future of bitcoin. What I am talking about the immediate future. Say somebody makes $100k on a bitcoin investment. Sure if they converted to fiat and suddenly made a $100k investment that would set off alarms, but what if they made small deposits as needed. Just a few grand here or there. I am not promoting breaking the law. I am just curious ho

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‘I do believe crypto is its own asset class and one worth exploring,’ said the TikTok star. A 21-year-old social media star famous for his TikTok videos is entering the crypto space, guided by Bitcoin bull Anthony ‘Pomp’ Pompliano. Bryce Hall has launched a finance podcast with Pompliano called “Capital University”. Unlike Pomp’s regular podcast, which is focused on business, investing, and promoting Bitcoin ( BTC ), the joint venture will cross the generational divide, as the 32-year-old Pomp learns how social media influencers are making money, while Hall learns tips about building generational wealth through investment strategies. “I just want to highlight the power and importance of diversification,” Hall told Cointelegraph. “I do believe crypto is its own asset class and one worth exploring. It is definitely the Internet’s version of gold with the caveat of having a known finite amount of units.” The TikTok star, who claims he has roughly 25 million followers between the s

Uniswap’s UNI token has been slowly grinding lower over the past few days, with buyers being unable to gain control over its short-term trend as the hype surrounding the token’s launch begins fading. That being said, UNI’s buyers are now moving to establish its recent lows as a long-term base of support, as it has posted multiple positive reactions to the lower-$4.00 region. Interestingly, the Uniswap governance token only appears to be loosely correlated to the rest of the market, which may mean that smaller Bitcoin fluctuations will only have a limited impact on where it trends in the near-term. One analyst does believe that upside could be imminent, noting that it is imperative that bulls reclaim $4.70, as a break above this level could be the event that helps fuel its next strong uptrend. Other investors are also noting that its fundamental strength still remains and that its upside potential is significant. Analyst: Uniswap’s UNI Bounces at Support as Bulls Attempt to Spark

Switching for non-custodial BTC OTC swaps like WhalesHeaven's, and any other suggestions? submitted by /u/Norosni [link] [comments] from Bitcoin - The Currency of the Internet https://ift.tt/345UFym

The owner of a Bulgarian crypto exchange has been convicted of providing money laundering services to a Eastern European cyber fraud syndicate. Rossen Iossifov, a 53-year-old Bulgarian national and owner of the ‘RG Coins’ cryptocurrency exchange , has been convicted of operating a multi-million dollar money laundering ring as part of a transnational auction fraud scheme. Following a two-week trial Iossifov was found guilty by a federal jury in Frankfort, Kentucky, of conspiracy to commit money laundering and conspiracy to commit racketeering. The Kentucky resident will face sentencing on Jan. 12, 2021. The jury found that at least 900 U.S. citizens were conned in a scheme that saw Iossifov’s Romania - based accomplices post advertisements on popular auction platforms like eBay and Craigslist for high-value goods such as vehicles that did not exist. According to a Department of Justice release, scammers would provide their victims with fraudulent documents and invoices featuring

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Data shows decentralized exchange volume skyrocketed in the last 6-months and Uniswap leads the pack. Uniswap, the most widely utilized decentralized exchange on Ethereum, has seen explosive growth throughout the second quarter. In fact, less than a month ago, Uniswap’s trading volume surpassed Coinbase Pro as the exchange processed $426 million worth of trades in a 24 hour span. Throughout 2019, the decentralized finance ( DeFi ) market was relatively stagnant until the concept of yield farming and governance tokens became more popular. Yield farming is a process where investors utilize various DeFi protocols that generate high yield in exchange for providing liquidity.  In most cases, the yield comes from the value of the governance token and in addition to staking the DeFi-token, users also deposit cryptocurrencies like Ether ( ETH ). As an example, Yearn.finance ( YFI ) launched without any premine, unlike many DeFi-related tokens. Instead, users staked crypto assets to farm Y

Noelle Acheson talks about how the latest OCC statement that says banks can support stablecoin reserves is an innovation trigger in disguise. from CoinDesk https://ift.tt/3cDRhyh

Been wanting to buy for a while but i dont know what places are trustworthy, i have no intention of storing it with a site as i find no site trust worthy enough to store it, i just want it in my own wallet which i'll store offline. Also been reading a little about yubikey for securing ones wallet, i trust yubico to be a secure solution and it was mentioned it should be used as part of the transaction so that being a case any sites that support it would be my preferred option. (still looking into it) submitted by /u/Cyber-Axe [link] [comments] from Bitcoin - The Currency of the Internet https://ift.tt/3cE53AY

Title Also favourite books? (Have read the bitcoin standard myself, highly recommend) submitted by /u/TestiestJoker89 [link] [comments] from Bitcoin - The Currency of the Internet https://ift.tt/2ECHqMI

He isn’t surprised attacks happen. Crypto exchange security is once again in the news after hackers breached KuCoin . But this shouldn’t surprise people as exchanges are vulnerable by design, according to Bybit CEO Ben Zhou.  Zhou told Cointelegraph that exchanges act as a single point of failure. As a centralized web application, exchanges are susceptible to the same security issues as all other websites.  Security becomes even more important as investors and traders are increasingly taking exchanges to task to protect funds.  The vast majority of crypto exchange servers and storage networks, Zhou said, keep digital currencies in hot wallets. If hot wallets are not properly protected, then this opens them up to theft. Zhou thinks that a cold wallet system is more secure since hot wallets are connected to the internet, making them more vulnerable to hacking. Cold wallets, on the other hand, are not connected online. The only downside is not being able to make large withdrawals fro

Bitcoin has closed above $10,000 since July 27. from CoinDesk https://ift.tt/3jcskga

This is more than 88% of the total amount of btc that will ever be in circulation. submitted by /u/Texugo_do_mel [link] [comments] from Bitcoin - The Currency of the Internet https://ift.tt/2EEXvSc

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Yearn.finance (YFI) has surged higher in the past 24 hours despite stagnation in the price of Bitcoin and Ethereum. The leading cryptocurrency, which is in the top 30 by market capitalization, is up 20% in the past 24 hours, having moved from around $25,000 to $29,000 as of this article’s writing. It is one of the top-performing altcoins in the top 100. Related Reading:  MicroStrategy’s Stock Continues to Soar After Bitcoin Purchase Yearn.finance (YFI) May Have Room to Rally After Retaking $29,000 Analysts say that YFI has room to move higher after gaining 20% in the past 24 hours. One trader shared the chart below on September 26th. It shows that while YFI remains far below its all-time high, it recently secured a crucial exponential moving average that it held above during the previous rally. YFI doing so, the trader explains, suggests that the ongoing rally has “juice.” Chart of YFI's price action over the past few weeks with analysis by crypto trader Crypto Krillin. Cha

Chainlink has been one of the most volatile altcoins throughout the past several days and weeks, with its buyers and sellers both vying for control over its near-term trend. This has resulted in the cryptocurrency seeing some relatively large price movements, with a bout of capitulation sending it down to lows of $7.50 earlier this week before bulls stepped up and sent it surging to nearly $11.20. The intensity of this rebound has boded well for bulls because it indicates that they still have significant underlying strength that may allow them to continue guiding its price action in the days and weeks ahead. Some of its near-term trend may depend on Bitcoin, as the benchmark cryptocurrency has been guiding which direction altcoins like Chainlink trend. One analyst is now noting that a move towards $12.00 could be imminent in the near-term. He specifically believes that this will come about if bulls can continue holding it above $10.00 in the days ahead. Chainlink Surmounts $10.0

Bitcoin’s price action has been somewhat stagnant throughout the past few days and weeks, with bulls and bears both reaching a clear impasse The aggregated cryptocurrency market has been following in Bitcoin’s lead and is struggling to garner any decisive momentum One analyst is now noting that BTC has been holding above a key macro level throughout the past few months He believes that the recent consolidation above this level bodes well for its near-term outlook and could indicate that significantly further upside is imminent in the weeks and months ahead Bitcoin’s price action over the past few weeks has done little to offer investors with insights into its near-term trend. The cryptocurrency has formed a relatively wide trading range between $10,200 and $11,200, with both of these levels being confirmed as areas of heightened buying/selling activity. The aggregated market’s near-term outlook remains somewhat foggy, as all eyes are closely watching to see what happens to BTC

Chainlink may have rebounded with a record-breaking single-day rally , it did so after a 60% fall from its all-time high set just over a month ago. A key indicator measuring momentum has flipped bearish on weekly timeframes for the first time since the parabola began. Is this a sign that momentum is about to slide further to the downside? Chainlink Flips Bearish For First Time Since Parabolic Rally Started Chainlink cryptocurrency tops the list of the industry’s best-performing tokens in 2020 and the years before it. Chainlink was launched during the bear market and has never had a drawdown phase like most other cryptocurrencies. Even devastating flash crashes to nearly zero have always bounced back by stronger than ever, setting record high after the next. Related Reading | Chainlink 30% Rally Closes Record “Best” 2020 Daily Performance After breaking its previous record in May, the crypto asset went into full price discovery mode and reached a peak of $20 per LINK coin. The

Cardano (ADA) has undergone a strong surge to the upside over recent days. Per data from TradingView.com, the coin is up around 30% since it bottomed just two days ago. Unfortunately, technical signs show that the cryptocurrency is primed to reverse lower after the rally. This is in line with some analysts that expect Bitcoin’s ongoing recovery to taper off as it faces resistance in the $10,800-11,200 region. Related Reading:  MicroStrategy’s Stock Continues to Soar After Bitcoin Purchase ADA Primed to Correct After 30%+ Surge Cardano is primed to correct to the downside after undergoing the aforementioned surge that came as Bitcoin saw a strong recovery. An analyst shared the ADA chart seen below on September 25th. It shows that Cardano’s recent price action has formed a textbook bearish divergence between its trend and a crucial trend indicator. This divergence suggests a loss of momentum in the uptrend, increasing the chance the cryptocurrency reverses lower. Adding to this,

Hello, what caused run after 20th July 2020? Some great news happened or it was something else? submitted by /u/johnnyR484 [link] [comments] from Bitcoin - The Currency of the Internet https://ift.tt/2EzLvkK

Hi i'm using bitcoin rpc. Each time I want to interact with users wallet I have to unload ALL the other wallets, load their wallet, do what I need to do, then unload them all again. Is there a better way? I haven't fully implemented it yet so I thought I would check before I finalize anything. I'm using python-bitcoinrpc submitted by /u/AnAsepticAttack [link] [comments] from Bitcoin - The Currency of the Internet https://ift.tt/3433YPp

I just bought some btc to send to a friend in exchange for an item I wanted. However since I did it through coinbase it’s on hold for one week. How much does it usually fluctuate in a week? I’m worried I’ll be a bunch of $ in the hole submitted by /u/MONKEYMAIL [link] [comments] from Bitcoin - The Currency of the Internet https://ift.tt/3j7X5Td

Ethereum needs to fix its problems. As DeFi projects flock to Ethereum, experts warn the network is not yet ready to support the frenzy. Martin Froehler, a mathematician, former hedge fund manager, and founder of Austrian crypto trading platform Morpher, told Cointelegraph that although Ethereum is the “best thing [the blockchain industry] has” for DeFi, the current capabilities of the network are not enough: “Ethereum can only handle about 15 transactions per second and has a block-time of 15 seconds, which is an eternity in finance. By design everyone interacting with it needs Ether. That is a huge barrier to entry and mass adoption.” Froehler considers Ethereum the most decentralized smart contract platform. But because the network still has issues, developers have had to look for solutions to counter them.  Froehler added:  “There is cryptographic proof for everything that happens on the sidechain on Ethereum. (…) People are able [to] trade without needing Ether. They don

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Bitcoin whale clusters show the $10,407 level has turned into a strong support area, raising the chance of a renewed bullish uptrend. Bitcoin ( BTC ) whale clusters indicate that the price could be in a short-term trend reversal after BTC’s recovery beyond $10,700. In the past two days, BTC price rose by nearly 6% from $10,135 to $10,755 across major exchanges. Whale clusters form when large investors accumulate Bitcoin and do not spend or move their holdings for significant periods of time. This typically indicates that whales expect BTC price to increase in the near term. The hourly map of Bitcoin whale clusters. Source: Whalemap Whalemap, an on-chain analysis firm that tracks whale activity, identified $10,407, $10,570, and $10,667 as whale clusters. In the short term, the three levels are likely to serve as potential support areas if BTC remains above $10,700. Bitcoin market sentiment is turning optimistic According to the analysts at Whalemap, Bitcoin can remain in a bulli

The Bahamas has unveiled key details powering its historic launch of a central bank digital currency, now slated to debut on October 20. from CoinDesk https://ift.tt/3i4LKCj

Just ran the numbers on my node. If you audited the supply at the same block, you should have the same number. { "height": 650000, "bestblock": "0000000000000000000060e32d547b6ae2ded52aadbc6310808e4ae42b08cc6a", "transactions": 41429824, "txouts": 67327325, "bogosize": 5056099770, "hash_serialized_2": "745da4f4e1f749312faeb4431d3ed2aa899dce138c5bac3d9f304c03f8887754", "disk_size": 4108808771, "total_amount": 18499823.37744111 } submitted by /u/bitbug42 [link] [comments] from Bitcoin - The Currency of the Internet https://ift.tt/33TpaHq

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Had it been Coinbase or Nexo, he agreed with speculation that law enforcement would have been knocking on the door the next day. Nexo co-founder Antoni Trenchev told Cointelegraph that he believes the information revealed during the recent FinCen leak vindicates the crypto industry. According to the leak, the world’s leading financial institutions cleared over $2 trillion “suspicious” transactions — and Deutsche Bank alone cleared over $1.3 trillion of that amount. Trenchev said: “The first thing I'm feeling is vindication because like everyone has been saying for years, all that Bitcoin and money laundering in the same breath. We've been hearing that from regulators, from politicians, from bankers, from just about anyone. And it turns out that the number one choice for money launderers still is the U.S. dollar and still is the incumbent legacy financial system.” Had such a level of activity come from Coinbase or Nexo, he agreed that law enforcement would have paid them a

One of the biggest impacts awaiting to hit Bitcoin and the rest of the cryptocurrency space is the firm hand of regulation. It is already beginning, starting with Russia’s finance ministry seeking to put holders in prison for non-compliance when it comes to disclosing cryptocurrency valuation accruals. Here’s what this new proposal says, and how this could start a butterfly effect across the globe where cryptocurrencies are made a target. How Much Bitcoin Do You Hold? Not Telling The Russian Ministry Of Finance Is Punishable By Jail Cryptocurrency investors, before buying their first Bitcoin or altcoin, are provided with a strict set of rules to follow from old-timers in the industry that have seen a thing or two in their time. This advice includes never investing more than you’re comfortable losing in terms of capital, relying on two-factor authentication, and to never disclose how much crypto you hold. Unless the Russian government demands you to, that is. According to new ru

Chainlink may be trading at half of its all-time high, but it just broke a new record – this time for its best single-day performance in all of 2020. With such an outstanding rebound from local lows making the early days of the rally look weak by comparison, is this a sign that Chainlink is ready to set its sights back on new price records next? Chainlink Sets Record For Best Intraday Performance In 2020 Chainlink has once again been the best performing crypto asset across the market for the second year in a row. From the Black Thursday low to high , LINKUSD surged by over 1200% before the $20 top proved to be the one level the altcoin couldn’t yet breach. Related Reading | Mega Bitfinex Bitcoin Whale: Chainlink FOMO Will Eventually Fizzle However, the seemingly unstoppable rocket ship that is Chainklink, may have only pulled back to refuel its jets. After a fall from the 2020 peak to the recent low of $7.50, representing an over 60% correction, the asset rallied over 30% yesterd

Bitcoin draws comparisons to just about everything under the sun. Gold, the internet, even rat poison . But comparisons with the fossils of the early internet age like AOL or MySpace? One wealth manager with a focus on crypto explains why this simply will not be. Brilliant Business Minds Agree: Bitcoin Is As Powerful And The Internet Or The PC Some of the most brilliant minds in the world and big-name investors from the dot com boom also believe in Bitcoin. Venture Capitalists Tim Draper and Marc Andreessen from Andreessen Horowitz immediately come to mind. Andreesen, a tech entrepreneur who built his empire from riding the waves of the early days of the internet, says Bitcoin is as powerful as the PC, and the internet. Related Reading | How Bitcoin’s 2020 High Compares To Past Bull Market “Tops” The transformative financial technology is a layer for the future to eventually be built on, much like the early days of TCP:IP and early PCs. It is not quite there, but that hasn’t sto