World’s Best Crypto suggestions

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Ethereum is in the process of trying to reclaim its key $380 support level following a brief dip below it earlier today. The cryptocurrency has been struggling to gain any momentum despite the intense strength seen by Bitcoin as of late, which is currently grinding up towards its key resistance at $13,800 as buyers maintain full control over its price action. Although BTC and ETH have been highly correlated in the past, they are now trading fully independent from one another. This correlation only returns when BTC is showing signs of weakness , which places immense pressure on Ethereum. The weakness seen by ETH as of late is particularly transparent while looking towards the cryptocurrency’s Bitcoin trading pair. One analyst is noting that ETH/BTC has now reached a bedrock support level that he has been watching for quite some time. A strong defense of this level could confirm it as a long-term bottom and help catalyze a strong rebound in the days ahead. Conversely, a break below...

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Is there or are there any plans for an auction house that strictly uses crypto for transactions? I use eBay a ton to buy and sell goods, I would love to start transitioning to using crypto for these exchanges. I think it could be a goldmine for the first person to get one off the ground. submitted by /u/cowboyography [link] [comments] from Bitcoin - The Currency of the Internet https://ift.tt/3jIEJIa

I just got a text message (!!) Saying ... Dear (my real full name) Please visit us-ledger.com site to update Ledger firmware as the old one has a bug with the risk of losing assets This is a scam. It is not the real ledger site. If you click on that link (DONT DO IT) you will see it takes you to a site designed to look exactly like Ledgers site. If you download that firmware.... Youre going to lose it all. Careful out there. Trust no one. submitted by /u/blarghusmaximus [link] [comments] from Bitcoin - The Currency of the Internet https://ift.tt/3oEgsXr

IS IT TOO LATE TO BUY BITCOIN NOW? submitted by /u/karenkiller2 [link] [comments] from Bitcoin - The Currency of the Internet https://ift.tt/3ek241K

Hey guys, I've been considering spending a large sum on Bitcoins. I was always hesitant. I regret not buying during quarantine when it was like 5k USD for 1 bitcoin. It's now priced at around 13k. Do you guys think I should spend like 1k right now; wait for the price to go down then spend the 1k, or commit to DCA (dollar cost average?) Oh, and if you advise DCA, can you explain why DCA would be a better, more profitable choice, than spending all at once? ​ Any feedback would be great! submitted by /u/ricchman_k [link] [comments] from Bitcoin - The Currency of the Internet https://ift.tt/3jJPUAn

Assuming billions end up using and it blows tf up. How many coins would you need to retire for ever submitted by /u/Long_Scientist_7834 [link] [comments] from Bitcoin - The Currency of the Internet https://ift.tt/3oHAb8l

Bitcoin, although a powerful and disruptive financial technology, at its core, is mere mathematics . Its code is what keeps the network operating, its supply hard-capped at 21 million BTC, and much more. But could that computer code and supply mechanism also help provide clues to when the crypto market tops and bottoms? According to a strange correlation with the asset’s block reward halving and the timing of tops and bottoms, the solution could be nothing more than simple addition and subtraction. Adding Up All The Reasons The Bitcoin Bull Run Is Here All signs point to Bitcoin breaking into a new bull market after bottoming now nearly two full years ago. A higher low set this year on Black Thursday during one of the worst selloffs the young asset has ever seen was one half of the equation in confirming a new uptrend. The other half of the puzzle is a higher high, which Bitcoin this week came just dollars away from setting. Related Reading | Bitcoin RSI Moves Into Bull Market Te...

The Uniswap community is voting on its second-ever governance proposal to distribute 5 million governance tokens to users who interacted with the DEX via a third-party platform. The second-ever governance proposal for the Uniswap decentralized exchange ( DEX ) is more than halfway to reaching a quorum with a little over 30 hours to go. If passed, the proposal will see 12,619 wallet addresses that interacted with Uniswap via a proxy contract receive 400 UNI tokens each. 5.05 million UNI in total will be allocated to the users of MyEtherWallet, Argent, Dharma, DeFi Saver, Nuo, Eidoo, Opyn, Furucombo, Monolith, and Rebalance. The proposal was put forward by Compound-based lending and savings protocol Dharma, who claimed its users felt “left out” by the initial distribution. The cohort of proxies were chosen due to them being “less programmatically accessible,” suggesting “a lower likelihood of multiple addresses per end-user.” “The Phase determination was made based on how easy it ...

The country continues to make slow but sure steps on its way to being a crypto-friendly nation Mongolia's largest bank will soon begin offering crypto services including custody, remittance, deposits, loans, and crypto-asset management. According to DDaily, blockchain company Hexland — founded by former Samsung developers — and white label tech company Delio havagreed to start working with the Ulaanbaatar-based Trade & Development Bank of Mongolia, or TDB Bank. It's one of Mongolia’s oldest banks, with 50 branches across the nation, ranking second out of 17 Mongolian banks in terms of total assets. But the deal is not limited to the three parties aforementioned. The media outlet detailed that MDKI, a Mongolian mineral resource and blockchain company whose partners include crypto mining giant Bitfury, was also included in the agreement. Primarily, TDB Bank works with industrial clients. Its portfolio includes over 400 Mongolian companies, offering them services such as...

Bitcoin is finally breaking its correlation with the stock market, which has been persisting despite its recent uptrend’s strength. An example of this correlation’s lingering effects can be seen while looking towards yesterday’s selloff, with the rejection at $13,800 coming about almost instantly after investors saw a sharp decline in stock futures. Although yesterday was a somewhat rough day for Bitcoin, it quickly shook off the weakness created by the recent turbulence within the stock market and has since been rally higher. One on-chain analyst is now noting that the benchmark cryptocurrency is now starting to flash some of its first signs of posting a macro decoupling from the stock market. This is being driven by one group of investors in particular, as he notes that new retail entrants into the market have been backing this recent uptrend. The confluence of institutions and corporations buying Bitcoin, as well as retail investors, signals that serious upside could be immine...

Japan is firming up at the most likely new headquarters for Ripple if it leaves its San Francisco offices Japanese financial giant SBI Holdings CEO Yoshitaka Kitao said that Japan is the most likely country Ripple will relocate to, should it leave the United States.  At an Oct. 28 press briefing, Kitao stated that the blockchain-based payments firm “has made Japan the most promising candidate” for its new headquarters if Ripple makes good on its threats to move its San Francisco offices. SBI Holdings is a Ripple investor, while Kitao sits on the firm’s board of directors. Both Ripple co-founder Chris Larsen and CEO Brad Garlinghouse have expressed frustration at the lack of regulatory clarity in the United States. Earlier this month, Larsen stated the firm was considering moving to countries like the U.K., Switzerland, Singapore, or Japan, because authorities in the U.S. had a “regulation through enforcement” policy and were “woefully behind” in preparing for the cryptocurren...

Bitcoin smashing through $12,000 gave the cryptocurrency enough momentum and energy to take out $13,000 and revisit last year’s highs . But while it did so, it caused altcoins like Ethereum, Chainlink, and dozens more to bleed out relative to BTC. It has left alts in a precarious position, potentially about to be left for dead by Bitcoin dominance and a possible 30% rally from here. Remember The Once In A Lifetime Altcoin Season And Bitcoin’s All-Time High Bitcoin first arrived after the Great Recession of 2008. Within a few years, the underlying technology itself took new life in the form of altcoins, many designed to improve upon the original cryptocurrency in some way. Ethereum added smart contracts, while Litecoin sought to improve speed and loosen up the tight supply slightly. Others were created to solve scalability. Related Reading | Crypto Capital Manager Claims Failed Altcoin Promises Won’t Be Forgotten No altcoins have been able to beat Bitcoin at its own game , but ...

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Despite $40 million in Ethereum options expiring on Friday, multiple indicators favor bulls as ETH 2.0 approaches. In the last few days Bitcoin ( BTC ) price rallied within a hair of the $14,000 level and Ether ( ETH ) followed with a similarly strong performance but the altcoin failed to hold above the $400 physiological support.  Bitcoin and Ethereum year-to-date performance. Source: Digital Assets Data Although Ether price is below $400, data show traders are not worried about Friday’s options expiry. Investor optimism has been kept intact despite the recent decentralized finance (DeFi) lackluster performances . $80 million worth of Ether options are set to expire this Friday, but there has never been a strong argument for October. For starters, this number pales in comparison with the figures for December and March $282 million. ETH options open interest. Source: Cointelegraph Even when taking a more granular view, October options are somehow balanced between calls a...

Bitcoin has undergone a strong correction from the highs of $13,850 set earlier this week. At yesterday’s lows, the cryptocurrency traded for $12,900. Analysts think that Bitcoin remains embroiled in an uptrend despite the correction in this market. One historically accurate analyst shared an analysis indicating that the cryptocurrency has a high likelihood of consolidating from here in the weeks ahead. This consolidation should be followed with a breakout toward $14,000, then potentially further gains as we near the end of November. Related Reading : Here’s Why Ethereum’s DeFi Market May Be Near A Bottom Bitcoin Could Rally Higher in the Weeks Ahead: Analyst Bitcoin is expected to inch higher in the weeks ahead despite recent weakness in the market. The cryptocurrency trader who in August predicted BItcoin would drop to $9,800 shared the chart below yesterday. It shows that BTC’s recent price action is extremely similar to a period of consolidation after late July’s rally to $...

Bitcoin has seen its first notable pullback since its recent multi-week uptrend first kicked off, with bears catalyzing a strong rejection at $13,800 that briefly caused it to reel below $13,000 earlier this morning. This selling pressure has been quite intense thus far, but bulls have been vying to keep the crypto above $13,000. Because it has yet to see a sustained decline beneath this level, and each dip below it has been met with significant buying pressure, it does appear that bulls are still in full control of its short-term outlook. One trader is noting that the intensity of this recent rejection does indicate that a shift in its trend could be imminent, with its slow grind higher potentially turning into a “nasty chop” phase in the near-term. This means that the crypto might range within the lower-$13,000 region for the coming few days or even weeks as bulls attempt to garner further support. If they can resolve this consolidation with an upwards breakout, they must shatt...

Ripple plans to invest in MoneyTap, the blockchain payments app birthed through a joint venture between the San Francisco-based firm and SBI Holdings. from CoinDesk https://ift.tt/2HHzD1C

The latest token offering by Yearn Finance founder Cronje has surged within hours of launch A newly launched token by Yearn Finance founder Andre Cronje has skyrocketed within hours of launch as degen farmers load up. The new token called KP3R is for Cronje’s latest project called Keep3r Network which is a decentralized gig-style, smart contract powered marketplace for technical jobs. Within hours of the token launch, traders and degen farmers had ‘aped’ into it causing prices to surge, topping out at over $180 a couple of hours ago according to Uniswap.info . Trading on Uniswap started as low as $10 per token, but the momentum soon picked up sending it surging almost 2000% within hours. According to Coingecko, the new token already has a market capitalization of $35 million. At the time of writing, the KP3R token was trading at $175, a monumental gain since launch, though would be investors should note it is a highly speculative bet which could result in a dump as has occurre...

“We need to prevent dollarization — this is one of the major designing points of the Chinese DCEP,” said Zhou Xiaochuan. China’s digital currency approach will favor its domestic retail system and prevent the dollarization of the economy according to one former senior official. Zhou Xiaochuan, the president of the Chinese Finance Association and former governor of the People’s Bank of China (PBoC), told attendees at a Eurasia Forum conference on Oct. 27 that the central bank’s focus in creating a digital currency differed considerably from that of the countries in the Group of Seven — Canada, France, Germany, Italy, Japan, the U.K., and the U.S. According to Xiaochuan, the G7 was mainly concerned with “the challenges raised by Libra, Bitcoin, and similar digital encrypted currencies,” while China’s central bank was focusing on using its digital currency for retail payments domestically and preventing the U.S. dollar from becoming a more common medium of exchange in the country. “...

The DeFi party and decentralized oracle boom have come to a conclusion, but only now Justin Sun has shown up with a Chainlink impersonator built on Tron. Has the sun set on this trend, or does the crypto project frontman have something revolutionary up his sleeve? Tron Founder Introduces TRX-Built Chainlink Imposter As DeFi Trend Dies Down The speculative cryptocurrency asset class is driven by hype, with success surrounding whatever is trending, or shiny and new . Even though Bitcoin was clearly the better buy, investors rushed into the market to buy altcoins that eventually became worth next to nothing. Impersonators always perish next to the real deal. This is why it is a curious decision for Tron founder Justin Sun to only now jump on the decentralized oracle trend and try to launch a TRX-built version of his own. Related Reading |  Chasing The Crypto Trend: Tron Attempts To Jump On DeFi Bandwagon Over the summer months, during peak DeFi fever, Chainlink – a decentralized...

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The debit card was made possible thanks to an alliance with a Spanish neobank Bitcoin ( BTC ) P2P marketplace Paxful has partnered with Spanish neobank Bnext to launch its first crypto debit card in Mexico. The partnership will allow Paxful’s Mexican customers to use their crypto funds to pay with a debit card in any national and foreign point-of-sale, or PoS, and even withdraw cash from ATMs without fees. Bnext customers will also have direct access to the P2P marketplace to buy and sell crypto. Paxful explained in the announcement that “strict banking regulations” in Mexico are encouraging people to focus on cryptocurrencies, and quoted figures from crypto exchange Bitso that revealed a growth of 342% in the crypto exchange's volume in Mexico from September 2019 to May 2020. Ray Youseff, CEO and co-founder of Paxful, called the partnership a critical step towards financial inclusion: “At Paxful, we are delighted to have Bnext on board in our mission to bring financial inc...

“We have increased the scope of the project and extended the timeline,” said ASX CEO Dominic Stevens. The Australian Securities Exchange, or ASX, has delayed its switch to blockchain for the third time, citing complications due to COVID-19 and additional feedback from stakeholders.  According to an Oct. 28 update from the ASX, the exchange has officially delayed the rollout of distributed ledger technology (DLT) infrastructure to replace its current system for processing equity transactions. ASX will now release the project — the replacement for the Clearing House Electronic Subregister System (CHESS) — in April 2023, a one-year push from its most recent timetable. The exchange cited a number of reasons for the change including the current pandemic and accommodating changes requested by stakeholders such as extra industry testing. The ASX stated industry leaders have requested additional post-trade processing capacity given how volatile trading volumes have been on the exchang...

$450 million in Bitcoin futures are set to expire on Friday and data shows bullish pro traders are prepared to defend $13K. A total of 62K Bitcoin ( BTC ) options are set to expire this Friday, and this is equivalent to $830 million in open interest. These massive numbers fail to reflect the fact that 58% of these options are now deemed worthless. As we approach the expiry date, call (buy) options above the current level begin to depreciate very fast. It is not worth paying $20 for the opportunity to buy BTC at $14.5K on Friday morning. Therefore, rolling options to the next month is not that helpful. October BTC options pricing. Source: Deribit With less than 48 hours to October's expiry, call (buy) options above $14.5K and above face slim odds. The same can be said for the $11.5K put (sell) options which are currently trading below $10 apiece. Deribit leads with a 70% market share of the options that are still worthy. Currently, there are $134 million worth of call (buy) ...

Bitcoin has undergone a strong drop since the highs seen yesterday. The price of the leading cryptocurrency fell from its highs of $13,850 to lows around $12,900. This drop was seemingly a result of the drop in the U.S. stock market. The Dow Jones and the S&P 500 have dropped the largest they have in months, plunging 3% lower amid some uncertainty about fiscal stimulus and the upcoming election. Bitcoin’s price action has scared some investors, so much so that futures markets have begun to show short positioning. This may be more bullish than bearish, though, despite how contrary that may seem. Related Reading : Here’s Why Ethereum’s DeFi Market May Be Near A Bottom Bitcoin Primed to Rally as Binance Futures Go Negative Bitcoin’s strong drop lower has scared many investors that were previously exuberant. According to data from ByBt, which tracks crypto-asset derivatives markets, the BTC funding rate on Binance briefly breached negative territory, printing -0.013%/eight hours...

The CEO of Mastercard believes Bitcoin is too volatile and opaque to drive financial inclusion, however, CBDCs are a different story. Bitcoin cannot function as an inclusive currency for the unbanked due to its volatility, Mastercard CEO Ajay Banga said during Tuesday’s Fortune Global Forum conference . He also cited a lack of knowledge about who is behind the cryptocurrency as concerning. “I am not a believer in the volatility or, for that matter, the absence of transparency in who is the person who’s involved with that currency. So, that’s why central bank digital currencies, we’re believers in.” Banga also revealed that Mastercard has a significant patent library relating to CBDCs, which may help explain why he's so positive towards them. Asked about Bitcoin ( BTC ) as a potential solution to financial inclusion, Banga claimed that the cryptocurrency doesn’t fulfill the requirements for the unbanked, using a bizarre example about Coke bottles to illustrate its price volati...

A large number of DeFi governance tokens are still way down from their peaks as farmers take profits. Many high inflation decentralized finance tokens are still correcting despite Bitcoin’s push to new yearly highs. Research by IntoTheBlock suggests that DeFi token prices and protocol metrics have diverged significantly since September. Total value locked has dropped around $1 billion over the past few days but remains near its all-time highs. Token prices are still in the red, however, and many have slumped over 50% from their previous highs. The report claims that this divergence is likely due to a shift to a risk-off environment as investors have decided to lock in profits. It emphasized that many investors have become cautious of high supply inflation for tokens in a space that is still in its infancy. The high supply inflation tokens hit the hardest include Compound, Balancer, MCDEX, Curve, and mStable, all of which have dropped by at least 60% since the beginning of Septem...