📮 20-10-2019
📈 MarketCap: $220 B
📊 24h Mcap %: -1.03%
⚠️ Bitcoin Dom: 65.4%
Active Coins: 2,452
24h Vol %: -5.79%
24h Vol: $40 B
Analysts are noting that Bitcoin (BTC) may climb higher in the near-term but that a resistance level just above its current price may halt this rally. Bitcoin is trading up roughly 1% at its current price of $8,030, which marks a slight climb from its daily lows of $7,900 that were set overnight just prior to its early-morning surge towards $8,100. This slight surge further confirms the long-established notion that the upper-$7,000 region is a strong region of support.
TravelbyBit, an online travel booking platform for people who want to use cryptocurrencies while traveling around the world, is showing off an instant meal purchase using Bitcoin. Zipping through the Origin Kebab Eagleby Drive-Thru in Queensland, Australia, the TravelbyBit team member orders a six-nugget meal. To pay for his nuggets in Bitcoin, he scans the barcode on the merchant’s tablet using his Lightning Network-enabled wallet. “It makes transactions cheap and fast.”
Taiwanese electronics manufacturer HTC has launched its latest blockchain phone, the Exodus 1s, which enables users to support the bitcoin network. The company claimed the new product is the first smartphone to be able to run a full bitcoin node, allowing it to propagate transactions and blocks anywhere. HTC will sell the new version at the Berlin conference using the Lightening payment network. The smartphone also has a built-in hardware wallet to help users securely store cryptocurrencies.
BTC mining is actually quite eco-friendly. Based on the recent research of the CoinDCA Bitcoin Blog, mining facilities are actually a good match for hydroelectric power stations. The variable output means renewable suppliers have pay or a lot of wasted capacity. Nobody wants to buy your extra gigawatts at two in the morning. Bitcoin mining fixes this problem for renewables by always being willing to buy cheap power, regardless of the time of day. No other industry has this property.
BlockFi Institutional Services, a platform designed to give institutional investors such as market-makers, hedge funds, exchanges and family offices exposure to financing solutions for digital assets, has launched. Gemini crypto exchange will provide custodial services to users of the platform. “We have been active in the market for over a year,” BlockFi founder Zac Prince said. “As the team and business grew, it made sense to formally announce and establish the group within BlockFi.”
G20, an international forum for the governments and central bank governors, have called upon the International Monetary Fund to examine various macroeconomic implications of global stablecoins. Per the report, the nations agreed that global acceptance of stablecoins will give rise to serious public policy and regulatory risks, those risks related to money laundering, illicit finance, and consumer and investor protection, need to be evaluated and appropriately addressed before these projects can commence operation.
PayPal co-founder Peter Thiel recently made an investment into renewable energy centered Bitcoin mining facility called Layer 1 based in San Fransico. The firm revealed that it has raised $50 million from Series A funding round. Bitcoin mining operations consume a ton of energy because of the use of specialized mining rigs, which has often given rise to the narrative that ‘Bitcoin mining harms the environment’. However Layer 1 aims to change that notion and has build renewable energy centered Bitcoin mining facility in USA.
Andreas Antonopoulos, recently spoke about Bitcoin during a Q&A session. When asked about whether Bitcoin could be a standard for other cryptocurrencies, the same way Gold was for money, He responded, "Yes, Bitcoin is already the reserve currency for all other cryptocurrencies, with the largest amount of liquidity, it was the first cryptocurrency that was traded on the vast majority of exchanges. Bitcoin has the most exchanges and trading pairs against fiat currencies and other cryptocurrencies with the largest market capitalization"
California resident files a lawsuit against AT&T alleging that its employees helped to perpetrate a SIM-swap resulting in the theft of over $1.8 million, including crypto. The lawsuit alleges that between May 16 and May 18 AT&T employees transferred access to Shapiro’s mobile phone to outside hackers. The hackers then utilized their control over Mr. Shapiro’s AT&T wireless number to access his personal and digital finance accounts and steal more than $1.8 million.
Multi-player battle gaming can now happen on the Bitcoin Lightning Network, with Lightnite. Players can earn and spend BTC directly in-game. Leveraging the potential of Lightning Network for micropayments, Lightnite by Satoshis.Games directly debits and credits BTC matched to in-game points, to players. Lightnite is an online multiplayer battle royale game where, players earn bitcoin by shooting other players and lose bitcoin when they get shot.