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Bitcoin Beats... EVERYTHING! Outperforming Both Major Stock Indexes and Gold So Far in 2020...

Bitcoin Dominates

With a whopping 80% gain in value, bitcoin's performance in 2020 has outperformed both of Wall Street's most valuable indexes, the S&P 500 and Nasdaq 100.

But it didn't stop there - investors first most popular alternative to stocks is gold, and Bitcoin beat that too. Market analysis expert Willy Woo tweeted "Gold's having its best year since 2010. This how it's doing against BTC.." along with a chart showing BTC ahead of gold by a large margin.

Since taking a steep fall triggered by the start of the pandemic, the price of bitcoin has been climbing steadily throughout the year. This week breaking $ 13,000 for the first time since mid 2019.

Two major factors at play...

First, analysis is showing more BTC being stored offline and out of exchanges - a symptom of bullish behavior and conformation of a large number of 'long term investors'.  

Second, major companies jumping in - this plays out both when we see large investment firms spending millions, and companies like PayPal announcing their support. Funds pouring in while the technology becomes more accessible to the public will always be a winning combo.

What's Next? 

I'm expecting a small pullback after a lot of excited buying, but nothing to worry about (i'm HODLing, but you do what you want).
 
Then we're going to need something big to push through that $14,000 mark, but based on how things have been going I assume that 'something big' is already in the works somewhere. 

The fact is, I wouldn't even be able to 'play devils advocate' and point to a sign that Bitcoin could slow down in the short or long term - there's literally nothing to support that idea.  

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Author: Justin Derbek
New York News Desk

How To Speed Up And Accelerate Stuck Bitcoin Transactions - Up To Date Service List With 3 FREE Options!

Photo Of Speeding Up Bitcoin Transaction, With Accelerator...
There's a few paid services out there that will unfreeze a stuck Bitcoin transaction, or speed up one you've already sent.  But today we're just focusing on places you can use for free to give your transaction the nudge it needs.

Bitcoin Transaction Accelerators are off-chain tools that can be used when you've sent a transaction and notice it lagging.  The problem usually is that you didn't set the miner fees high enough, and they choose the most valuable transactions first.  These tools will add some staoshi's to hopefully attract some miners to process your transaction.

For all of these you'll need your transaction ID, all wallets and exchanges will show you this after you've hit send and it looks something like:
474339712a64f539ef77e962bc534d95373866ce074557ae24e098d69ceb8ec7
(May also be labeled 'TXID' for short)


List Updated 10/20/2020:

BitAccelerate

Free bitcoin accelerator that also promises to respect user privacy, stating "we do not collect data".  Just don't use more than once every 6 hours or you may find yourself banned.

Go to: https://bitaccelerate.com/

Via BTC
This bitcoin transaction accelerator has both a free and paid version, they do 100 free ones per hour so there's a chance it will say the free service is unavailable.  In tha case, use one of the others listed.

Go to: https://www.viabtc.com/tools/txaccelerator/

BTC Nitro 
A totally free site that "rebroadcasts your transaction through up to 30 Blockchain nodes"

Go to: https://btcnitro.com/


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Author: Adam Lee 
Asia News Desk | Speed Up Bitcoin Transactions

Rapper Akon Says Construction Begins Soon For Crypto Powered Futuristic African City - With a $6 Billion Price Tag...

Giving him the land to build it on, Senegalese authorities have embraced Akon as a "native son", introducing him by his given name Aliuane Thiam and praising him for investing in Africa at a time of such global financial uncertainty. He met with government officials on the grassy fields in Mbodiene some 100 kilometers (62 miles) outside the capital where construction has yet to begin.

Akon said the project already has secured about 1/3 of the $6 billion goal, but declined to publicly name his investors, citing non-disclosure agreements. He says after construction begins in early 2021, the first phase of the project alone could take more than 3 years, he said.

Akon City is promising a bit of everything: a seaside resort, a tech hub, recording studios and even a zone dubbed "Senewood" that developers hope will help develop Senegal's film industry.

The singer on Monday acknowledged the comparisons made between Akon City and the utopian society in "Black Panther," calling it an "honor."

Video courtesy of Bloomberg

Aftermath of Coinbase's CEO Telling Employees That Their Company Is About Crypto (Not Social Issues and Political Activism)...


Coinbase's CEO sent a company notice out to all the employees last week, the point being that the company was about cryptocurrency trading and will not be distracted by unrelated issues of social activism or politics. 

At least 60 employees left the company in response.

But that's a small portion of the 1000+ total employees, and based on the memo, these are the people Coinbase doesn't want anyway.  "No loss" as far as they are concerned. 

Video courtesy of CNBC

Grab Your Spot On The Waitlist For The New Binance Visa Debit Card...

Binance crypto visa debit card
Swipe is Binance's most recent acquisition, a purchase that instantly made Binance a major player among other crypto-to-card services.

While those of us in the US (like myself) had heard the name, it wasn't available here so I had no idea just how big Swipe is.  But they're already up and running in 31 countries, and is the crypto-to-card of choice in European nations like Germany, France, and Italy.


Coming To America...

Just days after buying the company they announced "We have received the green light to launch in the USA. More details surrounding the US launch campaign and the announcement of our new banking partners coming soon. Wallet & Card availability will open to US users thereafter."


What We've Learned Since Then:

- The card will use Bitcoin or BNB to 'top up' - which means these are the currencies you can instantly convert to a spendable fiat balance on the card.

- There will be a standalone app for managing the card -  this is where you would decide how much crypto from your Binance account should go towards the card, see transactions, and anything else related to the account.

- The card is currently being beta tested -  by a small test group, and is expected to publicly launch soon.


Get Yours...

The card is free, so expect everyone to want one.  However, you can be among the first to actually get one by going here and putting your name on the waitlist.
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Author: Ross Davis
E-Mail: Ross@GlobalCryptoPress.com Twitter:@RossFM

San Francisco News Desk




US Anti-Encryption Bill Forces Companies To Build Security Holes In Apps/Hardware, and Some Effects Will Spill Over To The Crypto World...

It's so strange how both parties seem to magically come together for the worst things.


But apparently nothing unites a usually broken system more than when they need to vote on going to war, or to step on the right of citizens with bills like the Patriot Act, and now, the 'EARN IT Act', which has been officially submitted by Senators Lindsey Graham (R) and Richard Blumenthal (D).


They Want The Ability To See EVERYTHING...


But a bill saying that wouldn't stand a chance, so it carefully disguises itself as a way to protect children and victims of human trafficking. 


The US Government has expressed past frustration with major tech companies like Apple, when they refused to unlock a phone belonging to an accused terrorist, and Facebook for insisting that messages between users in WhatsApp remain encrypted.


Well, I'm sure they didn't think of this while writing it (sarcasm) - but this bill just happens to solve all their problems! While the bill's language focuses on protecting children, the end result is the power to decrypt encrypted data. 


press release in June from the Attorney General which pushed for tech companies to build backdoors that would allow for law enforcement to decrypt encrypted data gives us a glimpse into the true goals of these agencies.


The Bait And Switch...


The bill creates a commission comprised of the Attorney General along with law enforcement agencies that would determine a set of "best practices" or policies that a company would follow to both detect, and then provide evidence of illegal conduct happening on their devices or online platforms. 


While the bill lacks specifics on what these 'best practices' would be, it's safe to say they will not accept "we can't see what the messages contain, because they are encrypted" as an answer. 


While these backdoors will be created in the name of protecting children, once it's there, it's there.


With this major security implications are now introduced - while a backdoor may be created for law enforcement usage only, that same backdoor now exists for hackers to target and try to find their own way into. 


The Steep Cost Of Non-Compliance...


Companies risk losing protection under Section 230 of the Communications Decency Act, which states "No provider or user of an interactive computer service shall be treated as the publisher or speaker of any information provided by another information content provider".


Grasp how big this is. Companies could be charged with crimes as if they were a willing party involved in distributing the illegal content.


Headlines like "Facebook And Instagram Removed More Than 12 Million Pieces Of Child Porn" highlight how important Section 230 protection is - it's the reason they couldn't be charged with 12 million felonies.


Where Crypto Enters The Picture...


'Privacy coins' would surely be a target as they use encryption to hide wallet addresses and transaction sizes, and any exchange supporting them that does business in the US would be at risk at becoming liable for any crime that used their exchange and one of these tokens.


So in the case of crypto, how it would play out is pretty straightforward. There's no way to go back and change a blockchain to make them compliant, even if they wanted to.  Leaving only one solution - if an exchange allows US based users, they'll remove all privacy coins. An example that leads to my next point.


Reality Check: The Hidden Multibillion Dollar Price Tag, and Why They'll Get NOTHING...


It's pretty disturbing how tech-illiterate lawmakers are, but this may be the most disturbing case so far simply because their ignorance could lead to some of the countries most successful tech companies going under.


First off, the only real end result would be major damage to the US economy - because the only way to be sure there are no security holes in your software would be to avoid any developed by a US company. Expect any business dealing with sensitive information to make the move, and there's a lot of industries that value protecting client data -  accountants, doctors, lawyers, and the entire financial industry.

The Chinese government supposedly demands all access to the data of any company created within it's borders, and the US government and corporations avoid their products for this very reason - yet somehow lawmakers aren't realizing people do not want to hear that ANY government has special access to their data.

In one sentence, what they need to grasp is this simple: Companies and individuals will avoid software and hardware made by US companies for the same reason they currently avoid software and hardware made in China.


Secondly, beyond avoiding US products, users could simply continue using older versions of software made before companies had to implement these new rules, and just avoid updating it. 


So ultimately, the question is: - do US lawmakers want to force billions of dollars from US businesses, to companies in other countries? 

A huge price to pay, to gain absolutely nothing - 
simultaneously scaring away legitimate businesses, while the bad actors take simple measures to avoid it all together by using software created somewhere outside of their jurisdiction. 


Why I Fear They May Actually Do It...


The only indication of support so far is the bill receiving unanimous approval by the Senate Judiciary Committee when it was initially submitted. That sent the bill on to the next phase where it stands today - review and then debate in the Lower House. 


The Electronic Frontier Foundation has launched a signature campaign for US-based users to encourage their representatives to reject the bill, which you can find here

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Author: Ross Davis 
E-Mail: Ross@GlobalCryptoPress.com Twitter:@RossFM
San Francisco News Desk / Breaking Crypto News

Square, Which Shares CEO Jack Dorsey With Twitter, Just Spent $50 Million On Bitcoin....

Square said Today that they have purchased 4,709 bitcoins, worth $50 million. This is equal to 1% of Square’s total assets at the end of last quarter.

“Square believes that cryptocurrency is an instrument of economic empowerment and provides a way for the world to participate in a global monetary system, which aligns with the company’s purpose” the company said in their official announcement. 

Square’s Chief Financial Officer, Amrita Ahuja explained “We believe that bitcoin has the potential to be a more ubiquitous currency in the future. As it grows in adoption, we intend to learn and participate in a disciplined way. For a company that is building products based on a more inclusive future, this investment is a step on that journey.”

Video Courtesy Of CNBC

Coinloan Review: Need To Borrow $100,000 For 3 Years? It's Your Favorite New Crypto Loan Platform...

coinloan review with cryptocurrency loans

[Via CryptocurrencyLoaning.com / Our Partner Decentralized Finance News Platform] - Others haven't been able to come close to Coinloan's options, so today we bring you our Coinloan Review - there is no limit to the total amount you can to borrow.

This huge change in methods is consistent with CoinLoan's philosophy to improve lives by making the lending process as simple as possible. They're proving it possible to constantly outperform the competition, and user reviews show people coming back after trying them once.

CoinLoan has three Financial Licenses (FVR000111, FRK000091, and FFA000241) allowing them to operate using fiat, crypto, and alternative means of payment worldwide.

Highest LTV (Loan To Value)...

LTV means how large your loan can be depending on how much crypto you own.  Coinloan offers 70% when others are typically only 50%.

For example - Have $5000 worth of Bitcoin or Ethereum?  Then you'll be able to borrow $3500 instantly, and remain the owner of the original $5000!

No Credit Checks, No Banks...

The power of crypto - no bankers involved! Because each loan is asset-backed, they don't even need to perform a credit check.

Up to 3 Years To Pay It Back...

Pay-off your loan when you want, or take up to 3 years!

Secure. Simple. Obtainable...

Unlock your crypto-assets price without promoting it. Apply your crypto as guarantee to get a loan without credit rating checks. 

Just create a deposit then head to 'my wallet' tabs and first deposit cryptocurrency (BTC, BCH, ETH, LTC, XMR, CLT, ONT and more) to add the collateral for your loan. Select your interest rate, length of time, currency you want to receive and preferred loan amount. Then generate your loan and instantly borrow directly.

Review of Coinloan
Coinloan App for iPhone and Android

Or PROFIT With A Coinloan Interest Account...

Don't need money? You can MAKE money too, by putting your crypto in to be lent out and earn over 10% interest with a Coinloan interest account!

Your Coins Are Secure...

All cryptossets are stored on secure multi-signature wallets.

So if you're looking for loan, we definitely recommend that you check out Coinloan!


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Author: Matt Miller
London News Desk
Crypto Loan News

Bitcoin Breaks 100 Million User Milestone - According To Researchers at Cambridge University...

This is the 3rd year the University of Cambridge has conducted this study, which began in 2017. Their goal is to track the benchmarks in Bitcoin's growth, and they've watched the number of wallets grow from 45 million to 191 million since the study's first year.

Researchers believe those 191 million addresses equal about 100 million actual people. But it's hard to say how many individuals are behind the number of bitcoin wallets, and as you can see - the University estimates 90% of bitcoin users have more than 1 address.

Generally, the totals the crypto world estimates:

  • 100 million Bitcoin Owners
  • 400,000 Daily Bitcoin Users
  • 200 million Bitcoin Wallets
  • 53 million Bitcoin Traders

The study relates global growth to an increase in the number of accounts created at service providers. It is estimated that in the last four years the accounts created have quadrupled. The figure in 2016 was 45 million and in 2018 it was 139 million.

One fact that is striking is that the number of active users remains below the number of accounts generated. From the above it is inferred that each user would have multiple accounts in different types of services.

Regarding the report, Robert Wardrop, director of the Center for Alternative Finance, highlighted that the expansion began in 2018, months after bitcoin reached its highest historical price in the market, and continued to grow "despite the notable headwinds the crypto asset markets have encountered" he explained.

Which is something crypto fans say they've felt - despite the ups and downs, things continue to move forward.


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Author: Ryan Kalbari
Toronto Newsdesk 

Crypto October 2020 Outlook – What’s Next After a Weak Performance in September?

Welcome to the October Crypto Outlook with Contentworks, an agency specialising in content marketing for financial services, crypto and blockchain...

Digital currencies put on a relatively weak performance in September. In total, Bitcoin, Ethereum, and Ripple prices dropped by ~4%, ~6%, and 8%, respectively. But it wasn’t only cryptos. Gold and silver fell by ~4% and ~16%, respectively and the S&P 500 and Dow Jones also disappointed during the month.

Bitcoin, Ripple, Ethereum September performance


Why digital currencies lagged in September

There were two main reasons why digital currencies declined in September. First, it was because of the overall weakness of the financial market. As mentioned above, main global assets also declined in September.

That decline was largely because of reports of a second wave of covid-19 in some countries like the United Kingdom and Spain. Also, the rising political temperatures in the United States and the geopolitical tensions between the United States and China helped put stocks in defensive mode. Most importantly, reports that Softbank was responsible for the rally in tech stocks pushed some investors to exit their positions.

Second, digital currencies declined because of the stronger US dollar. After months of falling, the dollar index managed to rise by about 2% in September. That was because of renewed interest in the currency as the risks mentioned above rose. A stronger dollar tends to affect the price of dollar-dominated assets like cryptos and precious metals.

DeFi concerns 

Separately, Ethereum prices declined because of renewed questions about the Decentralised Finance (DeFi). This is among the fastest-growing industries in the world that has accumulated more than $11 billion in assets. Most DeFi programs are built using the Ethereum protocol. As such, the price dropped as some analysts started to equate the industry to the Initial Coin Offering (ICO) bubble.

At the same time, Ethereum developers continued testing the mainnet release scheduled for the coming months. Still, some analysts warn that the development that will transition the network from proof-of-work (POW) to proof-of-stake (POS); is not yet ready.

Outlook for October

While digital currencies dropped in September, they received some support from the Federal Reserve and congress. In September, Jerome Powell committed that the Fed would leave interest rates low for at least three more years. In theory, this policy is good for cryptocurrencies because it weakens the dollar and boosts inflation. To most cryptocurrency fans, digital currencies are hedges against inflation.

Second, digital currencies received support from congress, which failed to pass a stimulus package. Without stimulus, some analysts, including Fed officials believe that US growth will start to decline. Data released in September showed that retail sales, home sales, and the services sector started to slow in August when the enhanced jobless benefits increased. As such, a deteriorating American economy without support from congress will leave the Fed as the only game in town.

So, in October, we will continue to focus on the strength of the US dollar, talks on stimulus in congress, and the Federal Reserve. Also, we will continue to focus on any developments about the Ethereum 2.0 upgrade. Most importantly, crypto enthusiasts will focus on security issues. This is after a major hack happened in Singapore that led to disappearance of digital currencies worth more than $150 million.

Key Cryptocurrency Events To Watch

everal key events to watch this month will be the Los Angeles blockchain summit on October 7, CoinDesk Invest on October 22, and World Blockchain Forum on October 31. Most events will happen online because of social distancing restrictions.

At Contentworks, our team of financial professionals closely follows market movements for FX, Crypto and other tradable instruments. We are proud to serve some of the biggest crypto and fintech companies in the world by delivering high-impact articles, videos, PRs and white papers.

Visit Contentworks at http://www.contentworks.agency


Inside Twitter Project Code Named "Bluesky" - Building A Blockchain Where Content Will "exist forever"...

Twitter blockchain

For years, the Jack Dorsey, CEO of Twitter has praised Bitcoin and blockchain technology. On several occasions when speaking about the topics of crypto and blockchain he has shared his thoughts on some of the potential upsides of bringing blockchain technology to Twitter .

Now we have learned it's not just a dream, it's actually in the works right now.

The project is known internally at Twitter as "Bluesky"...

They're keeping it all within the doors of Twitter, using their developers and financing. The team has one goal - developing a new decentralized standard for social networks. The intention is to create a protocol that the social network runs on, and have it be completely decentralized. 

On this decentralized protocol Twitter would simply run as a client, so that users "have a wider conversation, that anyone has access and anyone can contribute."

For the entrepreneur, Twitter is no longer in the business of hosting content (tweets) or images. Dorsey points to a new way of sharing information through blockchains where content "exists forever" and will exist on every node that is connected to the network.

Dorsey is convinced that Twitter would improve in various aspects, including security, if it operates under a decentralized protocol. Dorsey referred to the fact that this type of distributed systems can be useful when it comes to combating threats on the platform , improving the identification of users and that the participants contribute to a public blockchain.

"If we are able to do that it would be something really powerful, something that responds to the power and original intention of what the Internet could be" he said.

After Stepping Up Censorship, Could Twitter REALLY Give That Power Away? 

Content on the blockchain cannot be changed, deleted, censored. But Twitter and other Silicon Valley tech giants have spent the last 3 years censoring more than ever. 

While guidelines felt fairly clear a few years ago, we've now seen Twitter, Facebook, and YouTube delete accounts that simply expressed political views different from the typical Bay Area tech worker.

Could a company like Twitter really handle a disruption so large where the staff would be rendered powerless to remove content deemed 'offensive'.

There's also a large segment of the users who feel the site is 'on their side' and are quick to report even a slightly rude response to a tweet as 'hate speech' and successfully getting accounts deleted or warned.  These people will not respond kindly to being told 'there's nothing we can do'. 

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Author: Justin Derbek
New York News Desk