New machines are now coming online at a rate of nearly 1 per hour

In 2013 the world saw the debut of the first-ever Bitcoin ATM when a company called Robocoin placed a machine in a Vancouver coffee shop. Allowing customers to trade Bitcoin for cash, and vice versa, the machine saw $10,000 in BTC transacted on its first day.

Now that we are a month away from the end of 2020, the estimated number of crypto ATMs around the world that allow customers to buy and sell Bitcoin (BTC) and other altcoins for cash is about 11,665 ATMs, according to CoinATMRadar.

This reflects a remarkable rise in the number of crypto ATMs compared to last year. The number of crypto ATMs at the end of 2019 was estimated at 6372 machines; now, as w ... Read more »

Category: News | Views: 50 | Added by: danyagames2007 | Date: 08.11.2020 | Comments (0)

An Ethereum user mistakenly paid $9,500 in transaction fees to send just $120. The user, identified by their Reddit moniker ‘Proudbitcoiner’, says the transaction “destroyed my life” and is now desperately asking miners to return the money

According to a Nov. 4 post on Reddit, Proudbitcoiner said they accidentally typed in the wrong transaction fee, leading to a transfer of amounts nearly 80 times the size intended.

In total, the user, who was swapping tokens on Uniswap via the ethereum wallet Metamask, paid 23.5 ether (ETH), worth roughly $10,300 at the time of writing. ETH fees averaged $1.07 when Proudbitcoiner made the transaction.

The funds were immediately pocketed by mini ... Read more »

Category: News | Views: 36 | Added by: danyagames2007 | Date: 08.11.2020 | Comments (0)

Given the $250 billion worth of Bitcoin in existence today, it’s hard to imagine a future where BTC is not used in DeFi products.

Decentralized finance is a fairly new, nuanced concept for mainstream audiences. At its core, DeFi promises a revamped global financial system equipped with savings, loans and inventive yield-earning opportunities that enable innovative financial products without centralized gatekeepers. Since Jan. 1, this promise has been met with a demand that has exceeded $11 billion in total value locked, representing a more than 1,550% increase in year-to-date value.

DeFi applications require the on-chain logic of smart contracts. Today, a lot of experimentation and early traction for DeFi applications is ... Read more »

Category: News | Views: 42 | Added by: danyagames2007 | Date: 08.11.2020 | Comments (0)

A number of third party infrastructure providers have announced contingency plans for the upcoming Bitcoin Cash upgrade on November 15, 2020. Hitbtc has revealed the exchange’s plans to halt bitcoin cash transactions on that day, and it plans to credit all users with an additional token if a blockchain split happens. Additionally, Kraken has announced plans for the fork as well with airdrop support requirements.

The Bitcoin Cash (BCH) network will upgrade on November 15, 2020, and the latest feature that will be added to the network is the ASERT Difficulty Adjustment Algorithm (DAA).
Bitcoin Cash may bifurcate due to the introduction of the infrastructure funding proposal (IFP) added to the Bitcoin ABC cod ... Read more »

Category: News | Views: 43 | Added by: danyagames2007 | Date: 08.11.2020 | Comments (0)

Bitcoin’s incredible performance over the past four weeks sees it reach just shy of $16k. While the market has since regrouped for a breather, the show of strength from the number one cryptocurrency has many wondering if we are on the cusp of a major bull run.

Source: BTCUSDT on TradingView.com

The last time this happened, coming on to three years ago, it caught most by surprise. In just 33 days, Bitcoin jumped from $5.5k to $20k.

That alone was ... Read more »

Category: News | Views: 29 | Added by: danyagames2007 | Date: 08.11.2020 | Comments (0)

Blockchain technology is just a tool that solves a problem, it cannot be the goal of the entire project.

In 2017, when everything concerned with cryptocurrency and blockchain still looked fresh and interesting, it seemed that there would be no day without a new “revolutionary” project or idea. Decentralized financial system, decentralized torrent tracker, decentralized office documentation system. Decentralized, decentralized, decentralized.

The overuse of terms like “transparent,” “distributed” and “blockchain-based” soon made most press papers look generic. The closer we got to the peak of the Bitcoin price at the end of 2017, the more absurd the names of new projects became: & ... Read more »

Category: News | Views: 46 | Added by: danyagames2007 | Date: 08.11.2020 | Comments (0)

Ethereum started a strong increase above $400 and traded close to $465 against the US Dollar. ETH price is correcting gains, but it is likely to climb again towards $465.

ETH price rallied above the $400 and $420 resistance levels against the US Dollar.
The price traded as high as $465 and settled well above the 100 simple moving average (4-hours).
There was a break above a crucial bearish trend line with resistance near $400 on the 4-hours chart of ETH/USD (data feed via Kraken).
The pair is likely to rally again if it clears the $440, $445 and $450 resistance levels.

Ethereum Price is Holding Key Supports

This past week, Ethereum started a sharp increase above the $400 resistance against the US Do ... Read more »

Category: News | Views: 45 | Added by: danyagames2007 | Date: 08.11.2020 | Comments (0)

A crypto fund is buying up Bitcoin at a major discount in a high-risk, high-return game. What are the odds of outperforming BTC itself?

Bitcoin has been one of the best-performing assets on the planet since its launch in 2009. The digital coin rose nearly 9 million percent in price between 2010 and 2019. Simply holding or averaging into Bitcoin (BTC) positions yields a certain profit benchmark. Finding an investment or trading strategy that outpaces Bitcoin's performance can prove difficult, but a financial fund known as Off The Chain Capital has claimed to do just that. The fund has also outpaced the S&P 500, a popular mainstream financial market index, although the S&P stands as a less formidable opponent in terms of pri ... Read more »

Category: News | Views: 28 | Added by: danyagames2007 | Date: 08.11.2020 | Comments (0)

Major media outlets have declared Joe Biden the winner of the 2020 election, leading analysts to speculate how a Biden presidency may impact Bitcoin price in 2021.

On Nov. 7 several major media outlets announced that after 4 days of rigorous vote-counting in key battleground states Joe Biden had managed to secure enough electoral votes to become the 46th President of the United States.

As the excitement over an incredibly close election starts to abate, analysts will take a closer look at how a Biden presidency may impact traditional markets and Bitcoin price. Three key factors to consider are the eventual passage of a new round of economic stimulus, a strengthening U.S. dollar, and the possibility of a stock market recovery.< ... Read more »

Category: News | Views: 31 | Added by: danyagames2007 | Date: 08.11.2020 | Comments (0)

Bitcoin price traded to a new multi-month high near $15,970 before correcting lower against the US Dollar. BTC is holding the $14,500 support and it could start another rally.

Bitcoin started a sharp downside correction after trading close to the $16,000 resistance.
The price corrected lower below $15,000, but it is still well above the 100 simple moving average (4-hours).
There is a major contracting triangle forming with resistance near $15,250 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).
The pair could resume its rally once it clears the $15,250 and $15,300 resistance levels.

Bitcoin Price is Holding Key Support

This past week, bitcoin started a strong surge above the $14,500 ... Read more »

Category: News | Views: 43 | Added by: danyagames2007 | Date: 08.11.2020 | Comments (0)