Home Blog Page 2532

South African Government Will Not Allow Pension Funds To Invest In Crypto

Mark Brennan
-
0
South African Government Will Not Allow Pension Funds To Invest In Crypto

South African pension funds will be prohibited from investing in digital assets directly or indirectly.

This update comes from the draft regulations prepared by the government writes the Government Gazette.

The current regulations allow investments in cryptocurrencies up to 2.5% of AUM within the general category of “other assets”.

The country’s authorities are trying strict control on the cryptocurrency industry.

In January 2021, the South African Financial Sector Oversight Authority submitted a proposal to regulate digital assets.

In September the chairman of the Reserve Bank of South Africa Lesetia Kganyago refused to recognize bitcoin as a currency.

Bitcoin Latinum & OSO ATMs Bringing 100,000 Crypto ATMs in US

Jakkk
-
0
Bitcoin Latinum & OSO ATMs Bringing 100,000 Crypto ATMs in US

Bitcoin Latinum has partnered with crypto ATM operator OSO ATMs to install 100,000 ATMs in 50 US states.



According to the press release, in addition to bitcoins, it will be possible to buy Latinum tokens (LTNM) in crypto ATMs.

Bitcoin Latinum founder Donald Basile believes that installing crypto ATMs will make cryptocurrency more accessible to users in the United States.

“We and OSO plan to install 25,000 ATMs by the end of January 2022. This partnership will allow residents of 50 US states to buy or cash out cryptocurrencies, which will further help the development of Bitcoin Latinum and the introduction of the LTNM token.”

 

The CEO of OSO ATMs says that the adoption of crypto ATMs is happening on a global scale and makes it easier for users to interact with cryptocurrencies.

He said:

“The use of crypto ATMs is becoming more common not only in the United States but also in other countries. In El Salvador, for example, cryptomate allow people to transact with bitcoin or convert it to fiat currency. Bitcoin Latinum aims to simplify the use of cryptocurrencies in the US and we are very proud to help them bring cryptocurrencies to a wider audience. “

The number of crypto ATMs in the world is growing. According to Coin ATM Radar, as of January 1, 2021, 14,016 ATMs were registered in the world, but by October 27, their number had doubled to 30,011.

Recently, the largest American retail chain Walmart has installed more than 200 Coinstar ATMs in dozens of its outlets in the United States.

Goldman Sachs Says If Historical Correlation With Inflation Persists Ethereum Could Rise To $8000 By Year-End

Mark Brennan
-
0
Goldman Sachs Says If Historical Correlation With Inflation Persists Ethereum Could Rise To $8000 By Year-End

Ethereum price could rise to $8,000 by the end of the year if historical correlation with inflationary expectations persists.



This point of view was shared by the managing director of investment bank Goldman Sachs Bernard Rzimelka, with Zerohedge.

He referred to the correlation observed since 2019 between the market estimate of inflation over a two-year horizon and the Bloomberg Galaxy Crypto Index. The weight of Ethereum in the latter is 40%, which is the same as that of Bitcoin. The remaining 20% comes from Litecoin, Bitcoin Cash, and EOS.

eth inflation 1

According to the graph, the expected inflation rate reached 2.86% by October 25, while the cryptocurrency basket index did not have time to react to the latest jump.

 

Goldman strategist writes, “the local backdrop looks supportive for Ethereum as it has tracked inflation markets particularly closely, likely reflecting the pro-cyclical nature as a “network-based” asset.”

“the latest spike in inflation breakevens suggests upside risk if the leading relationship of recent episodes was to hold (grey circles below).”

eth and inflation 2

On October 29, Ethereum renewed its all-time high above $4400 in the form of a narrowing wedge.

For Goldman, it is “either a sign of exhaustion and peaking… or a starting point of an accelerating rally upon a break higher.” 

Goldman hints that Ethereum could surge as high as $8000 in the next two months if the historical correlation with inflation persists.

The latter scenario reinforces the fact that the RSI indicator has not yet reached the overbought levels seen at past market highs, he added.

“The RSI has yet to hit the overbought levels seen at past market highs.”

eth inflation 3

 

Goldman concludes,

“This lines up rather well with the Ethereum chart, suggesting a late-stage rally with longer-term market top ahead.”

Recall that billionaire Mark Cuban said that Ethereum has the largest investment potential among the leading digital assets.

The founder of the second-largest crypto, Vitalik Buterin, admitted the superiority of his project over bitcoin.

 

Edward Snowden Says With Love Not To Invest In Shiba Inu

Mark Brennan
-
0
Edward Snowden Says With Love Not To Invest In Shiba Inu

Former NSA and CIA officer Edward Snowden urged his followers to refrain from buying the Shiba Inu, a clone of the Dogecoin (DOGE) meme cryptocurrency.

Read: SHIB Community Has Got Itself A New Powerful Member, Candidate for US Senate 2022 Shannon Bray

 



Over the past weeks, the Shiba Inu (SHIB) price has grown significantly, and the coin’s capitalization almost reached an impressive $50 billion mark. This has attracted the attention of many crypto investors, Crypto enthusiastic are buying SHIB in an attempt to “jump on the train” and make profits.

Edward Snowden tweeted that SHIB can be an extremely dangerous investment:

 

Of course, such a statement drew criticism from cryptocurrency enthusiasts and SHIB fans. Snowden took the criticism with humor and wrote that if someone is angry with him because of this tweet, then “he should reduce the size of his position in Shiba Inu.”

 

 

Recently American cinema chain AMC Entertainment CEO took a poll on Twitter to add Shiba Inu as a payment method.

On 13th Anniversary Of Bitcoin White Paper, Here Are 13 Interesting Facts About The Groundbreaking Founding Document

Albert Brown
-
0
On 13th Anniversary Of Bitcoin White Paper, Here Are 13 Interesting Facts About The Groundbreaking Founding Document

The Bitcoin white paper, which birthed a $1 trillion asset and kickstarted a full-fledged financial revolution, was published 13 years ago by Satoshi Nakamoto, the cryptocurrency’s pseudonymous creator.



These are 13 facts about Bitcoin’s founding document.

  1. While many believe that Satoshi chose to publish Bitcoin’s founding document on Halloween, Oct. 31 is also known as Reformation Day. On that day 504 years ago, small-town monk Martin Luther nailed his 95 “theses” to the door of the Wittenberg Castle church, challenging the hegemony of the Catholic church.
  2. The white paper was published on the cryptography mailing list at 2:10 p.m. EDT.
  3. Satoshi wrote the entire code before unveiling his white paper.
  4. The Bitcoin white paper has been translated into 36 languages, including Norwegian, Portuguese, and Slovenian.
  5. Bitcoin Cash proponent Roger Ver helped to translate the white paper into the Japanese language while Bitmain co-founder Jihan Wu worked on the Chinese translation.

 

6. The white paper never mentions the term “mining” or its derivatives. Satoshi referred to the process as “generating.”

7. Satoshi didn’t foresee the rise of mining pools in his white paper.

8. Twitter CEO Jack Dorsey described the white paper as “the seminal work” of computer science.

9. Blockstream co-founder Adam Back is one of the individuals cited in the white paper.

 

10. Self-proclaimed Satoshi Craig Wright claims that he authored the white paper, but the Bitcoin community vehemently disagrees.

11. The white paper has been cited 17,201 times.

12. “Calculations,” the longest part of Bitcoin’s founding document, contains 559 words.

13. Several national governments and companies have uploaded the Bitcoin white paper to their websites.

Shiba Inu Billboard Appears In Busiest Pedestrian Areas Of The World, New York City’s Times Square

Mark Brennan
-
0
Shiba Inu Billboard Appears In Busiest Pedestrian Areas Of The World, New York City’s Times Square

Shiba Inu has taken the reigns over Times Square after hitting record highs earlier in the week.

Read: Sushi Restaurant in Paraguay Capital Offers 30% Discount If You Buy Sushi With SHIB



A massive digital billboard promoting Shiba Inu has surfaced in Times Square in New York City.

 

 

The display says “We will reach the moon soon,” which refers to an expression that is widely used in the cryptocurrency world.

Shiba Inu isn’t just the first meme coin to be featured in Times Square. This year, Dogecoin and Safemoon backers also secured advertising spots within one of the busiest pedestrian areas in the world, when these cryptocurrency prices were at their highest.

Read: World’s Largest Theater Chain, AMC CEO Takes Poll On Twitter: “Should AMC Accept SHIB?”

A billboard located in Times Square can cost up to $50,000 for a single day.

Although Shib has had a significant exchange listing in the last two months, purchasing Shib within New York remains difficult due to the strict rules. The Shib community even went to the extent of initiating an online petition at Change.org to let New Yorkers buy the famous meme token through Coinbase.

Read More On SHIB:

 

Why Trading On TurboXBT Should Be Part Of Your Short-Term Strategy

Mark Brennan
-
0
Why Trading On TurboXBT Should Be Part Of Your Short-Term Strategy

Professional athletes at the top level are often revered. In part, this is down to the vast sums of money they can earn. There’s also an element of appreciation for their ability to compete among the best.

One such example is Neymar da Silva Santos Júnior, who, in a bid to ‘move away from Messi’s shadow, completed a record-breaking move to French side Paris Saint Germain in 2017. However, Neymar is injury prone and barely a year after signing with PSG suffered a fracture of his right fifth metatarsal bone in a match against Olympique de Marseille.

He missed the rest of his debut season as a result. This presented his team, and the fans, with a significant dilemma as they were banking on him being fit and ready to play.

Just like football, trading can be unpredictable and require dealing with unanticipated things to stay on top. However, as you’ll see, trading short-term contracts on TurboXBT shifts the odds greatly in your favor. Read on to find out more.

Short-Term Synthetic Trading With TurboXBT

 The majority of trading models and platforms are geared towards draining users’ funds, TurboXBT is different. We believe in long-term sustainable training for all our users. By incorporating features that redress the imbalance, it’s time you make us part of your short-term trading strategy.

Trading digital assets come in all shapes and sizes. But, the big advantage of trading with TurboXBT is that we only offer short-term trades, which can be as short as 30 seconds up to a maximum of 15 minutes – you decide when opening the trade.

What’s more, you can earn up to 90% return per trade with instant settlement. With short-term trading, there’s no need to wait hours, days, or even months to hit price targets. Instead, short-term trading allows for multiple opportunities to earn in a relatively short amount of time.

Why TurboXBT Beats Sports Betting

 TurboXBT runs a trading algorithm enabling users to identify and latch on to trends. Once identified, users can cash in by scalping the market for quick and easy profits. It’s also possible to use technical and fundamental analysis to make predictive calls. Contrast this with sports betting, which is more unpredictable and random, and it’s clear that speculators are better off trading short-term contracts.

What’s more, TurboXBT supports a total of 17 synthetic assets across cryptocurrencies, forex, commodities, and indices. These assets are further split into 38 trading pairs giving traders a broad range of trading pairs to choose from. Each asset has a different payout rate, depending on how popular and liquid that particular market is.

For those still on the fence, a $1,000 funded demo account is available to test the platform and practice trading strategies. Using the demo account will give new users the experience of how the algorithms move and get used to how things work.

Placing trades, either through the demo or real money account is easy. Select the asset pair to trade, for example, BTC/USD. Then pick the time frame you want, which is shown on the chart interface, then execute the trade by clicking either the green UP button for a bet on price moving up or the red DOWN button to bet on price falling. Winning the trade depends on whether the contract gained or lost in value within the set time limit.

Choosing Based on Investment Goals

 While big profits can be had, users should always be mindful of the inherent risks of trading short-term contracts. Exercising effective risk management strategies minimizes losses and maximizes gains.

Sports betting has a place, but only as a fun activity to enhance watching the game. When it comes to taking more measured and calculated ways to earn profit by speculating, trading short-term contracts on TurboXBT makes more sense.

Another Big Poll For Shiba Inu, World’s Largest Theater Chain, AMC CEO Takes Poll On Twitter: “Should AMC Accept SHIB?”

Mark Brennan
-
0
Another Big Poll For Shiba Inu, World’s Largest Theater Chain, AMC CEO Takes Poll On Twitter: “Should AMC Accept SHIB?”

The world’s largest cinema chain AMC has taken a step that has excited Shiba Inu community. AMC; previously accepted cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and Dogecoin as payment methods, now asking whether to accept Shib or not.



Adam Aron, CEO of AMC Cinemas, directed an important poll to his followers on Twitter. In his poll, Aron reminded that AMC gift cards can be purchased using cryptocurrencies. He said that Bitcoin, Ethereum, Litecoin, Dogecoin, and many cryptocurrencies will soon be accepted as payment methods.

Aron asked his followers about adding Shiba Inu to their payment method.

 

 

The Shiba Inu community undoubtedly showed great interest in the prominent figure’s poll. AMC Cinemas had made significant progress with the move to adopt cryptocurrencies.

 

China Centre for Information Industry Development (CCID) Ranked EOS #1 Blockchain

Jakkk
-
0
China Centre for Information Industry Development (CCID) Ranked EOS #1 Blockchain

The China Centre for Information Industry Development (CCID) has published another global ranking of public blockchains. Based on a technical assessment, the EOS network was named the best.


CCID specialists also noted the progress of Ethereum 2.0, whose developers successfully activated the Altair hard fork, as well as the launch of the NEO N3 main net and the release of Dash Platform v0.20 testnet.

The top five public blockchains include EOS, Ethereum, IOST, Tron, and Tezos. Evaluation of projects was carried out on three main aspects: basic technology, applicability, and creativity.

eos number 1

 

Other than overall leading all blockchains, EOS got the most points from CCID in basic technology, ETH got the most points in the applicability category (33.4) and Bitcoin topped the creativity category with 44.8 points.

CCID is a subdivision of China’s Ministry of Industry and Information Technology, but that does not make it the official translator of the Chinese government.

Recall that in September 2021, the Chinese authorities stopped crypto mining and later banned all kinds of crypto activities in the country.

Zcash Celebrates Its Fifth Birthday

Albert Brown
-
0
Zcash Celebrates Its Fifth Birthday

On October 28, 2021, the privacy-focused cryptocurrency Zcash (ZEC) community celebrated five years since the launch of the main net.


 

In 2016, the Zcash launch was accompanied by high volatility. The ZEC price jumped to 2,600 BTC for 1 ZEC which was more than $1.8 million according to the exchange rate at that time.

Currently, the asset is trading at $157, increasing 3.8% over the past 24 hours. Zcash ranks 81 in the list of top 100 coins with a market cap of $1.8 billion.

In 2020, Zcash creator and CEO of the Electric Coin Company behind it, Zuko Wilcox, said that the project has achieved great success during its existence. Among the achievements, he highlighted the identification and elimination of a critical vulnerability in 2018, as well as the development of the committed community.

In honor of the 5th anniversary of Zcash shared his thoughts on Twitter.

 

In April 2021, Electric Coin Company announced a major Halo Arc update designed to dramatically increase Zcash scalability. The developers positioned Halo as a “trustless recursive version” of zero-knowledge proofs.

In August, Wilcox proposed ditching the Proof-of-Work consensus algorithm in favor of a more energy-efficient and greener Proof-of-Stake.

As a reminder, Electric Coin Company has entered into an agreement with Protocol Labs, Filecoin Foundation, and Ethereum Foundation, Partners will explore the use of Halo technology to improve ecosystem scalability and privacy.

 

1...2,5312,5322,533...2,626Page 2,532 of 2,626