So much has happened this week! We saw a capitulation point of bitcoin before bears took over and we saw the selling pressure push Bitcoin down toward the $9000USD mark then move back up above $9100USD So far it has been a stable hold, however we may see some more action within the coming weeks.submitted by IOTAbesomewhere to Gravychain [link] [comments]
Widespread scamming within the Twitter-sphere, Youtube and other platforms as Bitcoin and other cryptocurrencies may seem like fair game. Cryptocurrencies providing big payouts for scammers without the ability for reversals of accounts. Remember if something seems too good to be true, do some research or just plain do not respond/believe it. Stay safe and careful with your funds!
On the brightside, there has been even more adoption of cryptocurrencies as rumours of Paypal utilising cryptocurrency has been confirmed as they are developing crypto capabilities. In addition to this we received exciting news at the start of this week about Binance partnering with Swipe (SXP) and offering a debit card to spend BNB, SXP, BTC and BUSD. ( I will be keeping a swift eye on BNB and Swipe as its utilisation as tokens has just increased 43 fold).
Positive news for the Bitcoin network as its hashrate reaches all time high which helps to secure the network further even though mining profits have dropped by 50% from the recent halving. If you didn't know already the last Bitcoin will be expected to be mined in 2140 with its difficulty ever increasing and each time securing the network further. Processing units will have to become faster, stronger and most importantly more cost effective to continue to entice miners for the block rewards and further renewable energy practices.
Furthermore we can see Central banks and countries discussing and developing Central Bank Digital Currencies (CBDC). Read more about it here https://www.investopedia.com/terms/c/central-bank-digital-currency-cbdc.asp and check out some of the developments in the world above. This shows the popularity and strong nature of cryptocurrencies. As the saying goes "If you cant beat them, JOIN them".
Overall, very solid week full of adoption, animation and anticipation. Another post next week for a weekly round up! See you then but in the mean time join us at our Gravychain Discord.
- DISCORD LINK: https://discord.gg/zxXXyuJ 🍕 Bring some virtual pizza to share 🍕
Come have a chat, stimulate a discussion, ask a question or share some knowledge. We are all friendly crypto enthusiasts up for a chat, supportive and want to help each other with knowledge and investments!
Big thanks to our Telegram and My Crypto HQ for the constant news updates! - The Gravychain Collective: https://t.me/gravychain - My Crypto HQ: https://t.me/My_Crypto_HQ
Jamie Redman . Jamie Redman is a monetary technology reporter located in Florida. Redman is an energetic person in the cryptocurrency community since 2011. He’s a desire for Bitcoin, available resource code, and decentralized applications. Redman has written a huge number of articles for development.Bitcoin.com in regards to the disruptive ... Jamie Redman. Jamie Redman is a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code, and decentralized applications. Redman has written thousands of articles for news.Bitcoin.com about the disruptive protocols emerging today. Posted on September 20, 2020 September 20, 2020 by Jamie Redman Posted in Top News, Uncategorized Tagged 51-attacks, airdrops, BCD, big bitcoin (BBC), bitcoin atom (BCA), bitcoin cloud (BCL), Bitcoin Forks, bitcoin interest (BCI), bitcoin smart (BCS), bitvote (BTV), Block Height, BTC forks, btcp, BTG, forking blockchain, Forks, god, Market Caps, Markets and Prices, Nicehash, Snapshots, zk-SNARKs Claymore's Dual Ethereum AMD+NVIDIA GPU Miner v10.0. September 19, 2017. 2. ASUS B250 Expert Mining Motherboard. September 19, 2017. 3. Markets Update: Cryptocurrency Prices Continue to Accelerate. June 26, 2019 . 4. How to Setup and Test the SONM MVP. January 29, 2018. Newsletter. Don't miss a thing! Sign up to receive daily news Leave this field empty if you're human: Home; News. Bitcoin ... The privacy-centric cryptocurrency network Grin (GRIN) has been the victim of a 51% attack according to a number of reports. Allegedly an unknown entity gained control of over 57% of the network ... Binance Coin Price; Monero Price; MimbleWimbleCoin Price; How to; Trade Boasting a community of over eight million people, eToro is one of the leading global trading and investment platform – and it specialises in cryptocurrencies. Although there are more than 1,200 assets to trade on eToro, which was founded in 2007, it is in the crypto space that it is particularly popular. The innovative ... October 16, 2020 Jamie Redman Binance, Bitcoin, Bitcoin (BTC), Bitfinex, BitMEX, Bituniverse, BTC, btc deposits, BTC reserve status, Coinbase, Crypto Reserves, Exchanges, Glassnode, Huobi, June 30 2020, market rout, OKEx, outflow, Reserve Status, Trading Platforms. Cryptocurrency reserves held on digital asset exchanges have been dropping to new lows, as some of the top exchanges have seen ...
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