Market Outlook: Bitcoin Breaks $11K, Whales Refuse to Sell, Downside Risk Remains

The price of bitcoin jumped above the $11k threshold on Saturday morning and into the afternoon, after hovering above the $10,900 range the day prior. The entire crypto-economy of 7,600+ coins has gained 2.29% during the last 24 hours touching $344 billion. Bitcoin (BTC) markets have surpassed key levels above the $11k mark on Saturday, as the cryptocurrency has seen close to $4 billion in global trade volume. A number of people are watching the current price range and believe the $11,000 region is a key zone to watch. One…

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Gibraltar Updates Distributed Ledger Framework to Align With FATF Crypto Regulations

The Gibraltar Financial Services Commission (GFSC) has updated its guidance notes for distributed ledger technology (DLT) providers to include recommendations for risk management, as well as clarify aspects around the issuance of digital assets. In a statement released on September 17, the regulator said the new updates are part of an ongoing effort to adapt its regulatory framework to include the latest Financial Action Task Force (FATF) recommendations for virtual asset service providers. Gibraltar, which has been criticized by the European Union for not doing enough to curb money laundering…

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Analyst: 1,500 Bitcoins Lost Every Day, Less Than 14 Million Coins Will Ever Circulate

A cryptocurrency analyst, Timothy Peterson claims that 1,500 bitcoins are lost each day meaning only 14 million BTC will ever circulate. The figure is at odds with the estimate of many organizations including Markets.bitcoin.com which place the figure at 18.5 million coins. Still, Peterson, who is the CAIA Manager at Cane Island Alternative Advisors, argues the merits of his assertions by pointing to how this average daily loss dwarfs the 900 bitcoins that are mined every day. Furthermore, to support his contention, Peterson points to a research note published by…

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CoinEx Lists ONES Token First and Launches Initial Trade Offering with OneSwap’s Official Launch

OneSwap is a groundbreaking new DeFi project offering a decentralized exchange protocol on a smart contract, with permission-free token listing and automated market making. It offers multiple advantages over other swaps including the ability to preform limit orders and a user friendly interface that resembles familiar trading platforms. OneSwap now lists the ONES token first and launches an “Initial Trade Offering” on the popular CoinEx exchange that has made a strategic investment in the project. DeFi Your Expectations With OneSwap CoinEx, a global cryptocurrency exchange service provider, is the first…

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NFT Digital Art That Changes With Bitcoin Price Volatility Sold for Record $101,000

Matt Kane’s “Right Place & Right Time,” a non-fungible token (NFT) digital artwork that changes every day with the bitcoin price volatility, claims the artist, has been sold for a record 262 ether or $101,100 on blockchain platform Async Art. According to a description of the artwork on Async Art’s website, a new composition for the master is generated independently each day based on BTC’s volatility and price action from the previous 24 hours. The work is composed of what the platform calls “layers”. Kane’s piece has 24 of these.…

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MCS, First Exchange to list TRON’s SUN and Klaytn’s KLAY Futures Contracts

Singapore, September 20, 2020 — For the first time in the industry, MCS (MyCoinStory), a global cryptocurrency derivatives exchange announced the listing of SUNUSDT futures contract on September 18, 2020. Just a day prior to this launch, KLAYUSDT futures contract was released on September 17, 2020, which also was the first futures contract listing in the industry. The SUN token used in SUNUSDT futures is the most distinguished experimental DeFi (Decentralized Finance) project token by the TRON Foundation in these days. The data published by TRON Foundation claims that 6.7…

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How a Spoof Turned Into a Media Hype About Bitcoin Cash

An anonymous Bitcoin Cash (BCH) supporter says he deliberately started a spoof which successfully baited local media to report on the coin. The trick, which involved the use of 100 Bitcoin Cash tip stickers, only cost a total of $1,100 yet it managed to get BCH featured by media outlets in Bakerfield. Explaining the success of the ruse, the anonymous BCH supporter, who also goes by the name Bitcoin Man, says he printed “around 100 Bitcoin Cash tip stickers, stuck them all over downtown Bakersfield, took photos where he placed…

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Ethereum’s Gas Spike Forces Coinbase Pro to Pass Network Fees to Customers

While Ethereum network fees have jumped to new highs this year, the popular cryptocurrency exchange, Coinbase Pro, announced that the trading platform would be passing network fees onto customers. The move followed the exchange listing Uniswap’s native token UNI, an airdrop that saw miners collect close to $1 million in gas in less than an hour. The decentralized finance (defi) ecosystem has seen significant demand in 2020, but it has also contributed to the Ethereum (ETH) network’s rising fees. Ethereum miners are collecting a massive amount of revenue from gas…

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East Asia Dominates World’s Onchain Crypto Activity, Europe and North America Trail Behind

Crypto activity continues to flourish worldwide, according to a new cryptocurrency adoption index published by the blockchain intelligence firm Chainalysis. The researchers compile onchain digital currency retail value transferred, onchain crypto deposits, peer-to-peer exchange volume, and other types of methodology. Chainalysis recently published a new report called the “2020 Geography of Crypto,” a study that examines 154 countries and the flourishing cryptocurrency adoption in these areas. The company created a crypto adoption index from the large list of nation-states and only 12 countries had very little traction compared to the…

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Firstderivative Yield Farming Project Is Now Live With x10 Bonus

The latest trends at the cryptocurrency market are largely characterized by DeFi gaining more momentum and the upcoming launch of ETH 2.0 staking algorithm. As both DeFi and staking markets keep growing swiftly, their synergy also strengthens, leading to an increased superposition and consequently more composability. However, those processes come with a number of complications like increased gas price, the need to constantly monitor the markets closely as well as having to pick between DeFi lending and staking. In order to fix the staking’s existing issues we have developed an…

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