Reports say the Venezuelan state electricity company Corpoelec is disconnecting bitcoin mining farms in Carabobo state on orders from authorities. The power disconnections come amid reports that government and Corpoelec officials are planning to meet mining farm operators.

Reports say the Venezuelan state electricity company Corpoelec is disconnecting bitcoin mining farms in Carabobo state on orders from authorities. The power disconnections come amid reports that government and Corpoelec officials are planning to meet mining farm operators.
According to one report that quotes an anonymous source, the objective of this meeting is to discuss the process of connecting miners to the National Electric ... Read more »

Category: News | Views: 23 | Added by: danyagames2007 | Date: 12.11.2020 | Comments (0)

A blockchain and technology company claims its new bitcoin mining pool is embedded with tools that enable the pool to censure transactions in the blocks they mine. According to a statement issued by the DMG, the parent company to Blockseer mining pool, this ability allows the latter to “exceed” the compliance requirements of the U.S. Government’s Office of Foreign Assets Control (OFAC).

The mining pool’s ability to filter or censor transactions means “high-risk wallets will not be included in Blockseer’s posted blocks.” Detailing the company’s breakthrough, DMG, in a statement, says “all users of Blockseer’s pool are required to pass Know Your Customer (KYC) ... Read more »

Category: News | Views: 33 | Added by: danyagames2007 | Date: 12.11.2020 | Comments (0)

Digital currency markets have seen some decent gains this week, as the overall market valuation of all 7,000+ crypto assets is hovering above the $446 billion mark. Traders also watched the price of bitcoin jump above the $16k zone on Thursday for the first time since 2018.

Bitcoin and a number of other crypto-assets have been climbing northbound in price on Thursday, November 12, 2020. At the time of publication, the entire crypto-economy is up over 2% and valued at $446 billion today.
During the early morning trading sessions on Thursday, bitcoin (BTC) touched a high of $16,177 on Bitstamp. The last time the price of bitcoin was in this range was on January 6, 2018. BTC’s price has retracted since it tou ... Read more »

Category: Analytics | Views: 36 | Added by: danyagames2007 | Date: 12.11.2020 | Comments (0)

Bitcoin’s price is now trading firmly above $16,000. This marks a notable technical breakout that could indicate significantly further upside is imminent in the near-term.

This level has long been holding strong as resistance, with the selling pressure here catalyzing multiple potent rejections throughout the past few days and weeks. If buyers can flip this level into support, it could open the gates for significantly further upside.

It does appear that this level is becoming support for the cryptocurrency, as buyers are growing aggressive each time the price drifts back towards this level.

Whether or not Bitcoin can hold above this level before a high time frame close – like today’s daily candle &nda ... Read more »

Category: Analytics | Views: 27 | Added by: danyagames2007 | Date: 12.11.2020 | Comments (0)

A rebound in Bitcoin’s relative strength index echoes early 2017, prior to months of upward price action to all-time highs of $20,000.

Bitcoin (BTC) is at the start of its next “main bull run” and the price peak won’t hit until the end of 2021, well-known analyst Willy Woo believes.

In one of many recent Twitter discussions on Nov. 11, the creator of statistics resource Woobull produced fresh evidence that Bitcoin’s price gains are only just beginning.
 

Woo: Bitcoin RSI “just warming up”

Uploading a chart showing Bitcoin’s relative strength index (RSI), Woo noted similarities between the metric’s current behavior and that of early 2017.

... Read more »

Category: Analytics | Views: 36 | Added by: danyagames2007 | Date: 12.11.2020 | Comments (0)

“Dash is technically no more a ‘privacy coin’ than Bitcoin,” according to Perkins Coie. So why did Shapeshift delist it?

Cryptocurrency exchange ShapeShift recently delisted three privacy coins: Dash, Zcash (ZEC) and Monero (XMR). This was an unexpected move to say the least, given the exchange’s historic commitment to privacy.

As a noncustodial platform, Shapeshift did not impose user identification requirements on traders in its early days, although this began to change with the gradual introduction of a mandatory membership model, compliant with Know Your Customer rules, as of 2018.

Why then, did it move to delist Dash, Zcash and Monero, even as other exchanges such as Coinbase, Kraken ... Read more »

Category: News | Views: 28 | Added by: danyagames2007 | Date: 12.11.2020 | Comments (0)

Pakistan wants to unlock a new era of digital finance with crypto.

Pakistan’s government is working on a framework for regulating cryptocurrencies like Bitcoin (BTC).

The Securities and Exchange Commission of Pakistan, or SECP, has published a consultation paper on regulating digital assets. Issued on Nov. 6, the paper outlines major concepts for the growing digital finance market in Pakistan and examines the existing regulatory frameworks developed by other global jurisdictions.

In the document, the SECP emphasizes that digital assets — also known as virtual assets, or crypto assets — are the “start of a new era of digital finance.” According to the regulator, the new era of digital finan ... Read more »

Category: News | Views: 35 | Added by: danyagames2007 | Date: 12.11.2020 | Comments (0)

Even as $525 million in Bitcoin options expire on Friday, bulls are expected to strongly defend the $15.5K level.

On Nov. 13, a total of $525 million in Bitcoin (BTC) options open interest is set to expire. This is similar to last week when $470 million in options open interest also expired. This presents somewhat unusual activity as most volume goes through monthly and quarterly options.

On Nov. 5 (last Friday), put (sell) options open interest was 30% larger than call (buy) ones. Deribit exchange holds $431 million open interest for this Friday's expiry and Bit.com has $72 million.

Before coming to quick conclusions on whether this figure is bullish or bearish, it’s important to take a more detailed view in ... Read more »

Category: News | Views: 32 | Added by: danyagames2007 | Date: 12.11.2020 | Comments (0)

The launch of a new 'censored' mining pool has some Bitcoiners worried its a harbinger of things to come.


Blockchain analytics platform BlockSeer has launched the private beta version of a new Bitcoin (BTC) mining pool (Blockseer Mining Pool) that censors transactions from blacklisted wallets.

The pool will use BlockSeer and Walletscore’s labeling data among other verified sources, such as the United States Office of Foreign Assets Control (OFAC) blacklist for crypto, to identify BTC transactions it does not wish to process. The pool also requires all miners to pass Know-Your-Customer (KYC) protocols. DMG’s COO Sheldon Bennett stated:

“The pool ... Read more »

Category: News | Views: 31 | Added by: danyagames2007 | Date: 12.11.2020 | Comments (0)

Portfolio manager Dan Weiskopf has a win/win plan for a fitting marriage between tech’s biggest giant and Bitcoin, which has been endorsed by Michael Saylor.

Apple should invest a portion of its massive cash reserves in Bitcoin, Toroso Investments’ portfolio manager Dan Weiskopf posted earlier today on the ETF Think Tank website.

The site's lead ETF strategist’s call follows in the footsteps of MicroStrategy CEO Michael Saylor and former Goldman Sachs hedge fund manager Raoul Pal, who both predicted Apple would make a large scale investment in Bitcoin in the upcoming years.

Saylor retweeted and endorsed Weiskopf’s piece with the comment that the tech giant could see a $100 billion gain in ma ... Read more »

Category: News | Views: 36 | Added by: danyagames2007 | Date: 12.11.2020 | Comments (0)