Ethereum 

Crypto Markets Are Turning Green, Bitcoin Recovers Above $8,200

Sunday, Oct. 20 — Crypto markets are slowly turning green, with Bitcoin (BTC) showing signs of recovery as it finds its way back above the $8,200 price mark. Cryptocurrency market daily overview. Source: Coin360 Bitcoin has been trading below the $8,000 price mark for the better part of the day but is showing signs of recovery in recent hours. The world’s largest cryptocurrency traded at an intraday low of around $7,950, before grinding its way up to its current trading price of around $8,216. BTC is reporting gains of 3.73% in…

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Bitcoin 

Crypto News From Brazil: Oct. 14–20 in Review

Brazil has seen another tumultuous week in the cryptocurrency industry as the president of investment scheme Unick Forex said it will only pay customers who have kept their receipts, the 18th million Bitcoin (BTC) was mined, and the alleged pyramid scheme Atlas Quantum denied that videos with balances at Gate.io and HitBTC are fake. Here is the past week of crypto and blockchain news in review, as originally reported by Cointelegraph Brasil. Unick Forex says it will only pay customers who have a receipt The president of alleged cryptocurrency investment…

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Bitcoin 

Why Is Bitcoin Price Going Up? 4 Indicators Suggest a Potential Bottom

Bitcoin price (BTC) has continued to fend off support in the $7,800 region for what will be the fifth week running at the end of today.  With the BTC price currently back up over $8,200, several indicators suggest that a potential reversal may be in the cards.  Weekly Crypto Market Performance. Source: Coin360.com 1. Bitcoin price support holds again Bitcoin price seems to have found a bottom for the time being. Both on the daily and weekly charts the BTC/USD has repeatedly rejected support this past week. After the high…

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Cryptocurrency 

Libra Loses Key Members, Potentially Forked — Still Looks Confident

Earlier this week, initial members of the Libra Association formalized a governance structure after holding their inaugural meeting in Geneva. The transition happened just days after seven high-profile participants, including Visa, eBay and Mastercard, chose to leave the organization. Libra’s setback happened amid general regulatory upheaval in the crypto industry: In October alone, United States authorities fined EOS developer Block.One for holding an unregistered securities offering and halted TON — the largest private token offering — over similar charges. Related: TON’s ‘Force Majeure’ Clause — Is Telegram About to Refund…

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Bitcoin 

Libra Surprise, Telegram Drama, Cointelegraph Blocked: Hodler’s Digest, Oct 14–20

Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week New York district court postpones Telegram’s TON hearing to 2020 It looks like we’re all going to be waiting a while for the legal showdown between Telegram and the United States Securities and Exchange Commission. A district court in New York has said the next…

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Bitcoin 

Vertical and Horizontal Blockchain Scaling, Explained

3. Vertical scaling is done by improving the efficiency of each individual transaction, whereas horizontal scaling is achieved through increasing the platform’s overall throughput capacity. In simple terms, general scalability improvements are made through the use of a concept called “layering” — wherein each individual component of a particular system is made to interact with its digital counterparts in some sort of sequential and hierarchical way.  Also, when it comes to blockchains, developers strive to maintain the immutability of their base chain, which in turn allows the scalability layer to…

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Ethereum 

Ethereum Name Service Adds Multicoin Support

Distributed naming system Ethereum Name Service (ENS) has announced the launch of multicoin support as 15 cryptocurrency wallets already plan to utilize the new feature. According to an official Medium post published on Oct. 17, this will allow crypto enthusiasts to use one ENS name for all of their crypto wallets. Ongoing implementation It is noted that ENS’s user interface currently only supports Ether (ETH), Bitcoin (BTC), Litecoin (LTC) and Ethereum Classic (ETC) addresses — and not all of the encodings. Still, the post promises that its functionality will be…

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Bitcoin 

Bear Cross on Key Indicator Could Push Bitcoin Price to $7,300

At the moment, not too much is happening with Bitcoin’s (BTC) price action. The price continues to drop and a series of lower highs occur even as bullish news hits the press week after week. The news of Bakkt Bitcoin futures trading volume increasing by 796% failed to positively impact Bitcoin price and Fidelity Investments’ announcement that it has launched crypto custodial services also did little for the market.  Daily crypto market data. Source: Coin360 The general sentiment amongst Bitcoin traders seems relatively unenthusiastic and many traders view Bitcoin’s current…

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