Bitcoin Bullishness Could Invalidate Key Indicator
Philip Swift, the creator of crypto data analytics site Look Into Bitcoin, has stated that the Bitcoin ecosystem is so bullish that it might see one of the site’s long term trend indicators become invalid. In an email to subscribers of the platform, Swift said that the Pi Cycle Indicator, which we have referenced on this site as a potential indicator of when Bitcoin is about to top out, is likely not about to signal a top in this particular cycle, reinforcing the idea that the current market is about to enter a new paradigm.
PayPal CEO Dan Schulman has said that the traditional financial system is “not working” for low income people as he outlined in greater detail the company’s cryptocurrency plans. Fortune reported that Schulman made the comment during an investor call in which the company’s recent foray into cryptocurrencies naturally featured, with Schulman adding that the size of the waitlist for access was “two to three times” greater than the company had anticipated.
Read the full article at FullyCrypto: https://fullycrypto.com/paypal-ceo-financial-system-not-working-for-many
Covid-19 may have kicked many blockchain events to the curb this year, or forced them online at least, but October still has plenty to offer fans of wearing face masks for long periods of time. Here’s our rundown of what’s on in the blockchain world next month.
Read the full article at FullyCrypto: https://fullycrypto.com/blockchain-events-whats-on-in-october
The crypto landscape is constantly changing, but in order to stand out as a beacon of trust in the crypto world, you need some form of awareness team to create adoption. For years now, DigiByte has been thriving all around the globe. But in the last few months, a team from the Philippines has come together to create dozens of use cases for DigiByte in the region as well as create as much awareness about the DigiByte blockchain as possible.
Read the full article at FullyCrypto: https://fullycrypto.com/digibyte-philippines-is-pushing-adoption-through-multiple-streams
Coinbase customers in the UK have been informed that Her Majesty’s Revenue and Customs (HMRC) have asked for the names and addresses of anyone who received more than £5,000 ($6,470) in cryptocurrency into the platform in the last tax year. In an email sent by the platform on Friday, customers were informed that their information was being sent to the agency after the exchange had negotiated the terms of the data haul, and is another indication of the clamping down on crypto by tax authorities.
Read the full article at FullyCrypto: https://fullycrypto.com/coinbase-to-hand-over-2019-20-customer-data-to-hmrc
Pantera Capital has said that the impact of PayPal’s new cryptocurrency platform is “already apparent” as the payments giant has scooped up nearly 70% of all new Bitcoin since announcing the platform three weeks ago. This has in turn put pressure on other institutional buyers of Bitcoin such as Square’s Cash App, who until now were the biggest buyer of newly minted Bitcoin, which has helped push the price further and usher in what Pantera Cappital calls a “more sustainable” rally than we saw in 2017.
Read the full article at FullyCrypto: https://fullycrypto.com/pantera-capital-paypal-impact-already-apparent
When it comes to the mining side of the crypto world, many people instantly think that they either need to be super smart and techy, or have a ton of money to buy their own mining farm. While both parts help, they’re not always necessary.
Read the full article at FullyCrypto: https://fullycrypto.com/did-you-know-you-can-start-mining-digibyte-in-under-60-seconds
China is on a mission to become the first country to issue a sovereign digital currency, with the development of a digital yuan being a priority for the People’s Bank of China (PBoC).
Read the full article at FullyCrypto: https://fullycrypto.com/is-the-digital-yuan-the-future-of-chinas-economy
Last week the U.S. Treasury followed through with plans to increase regulation of the cryptocurrency industry as it announced a range of potential measures to close loopholes. Through the Financial Crimes Enforcement Network (FinCen), the U.S. government is aiming to obtain more information about who is conducting large crypto transfers as they try to weed out bad actors using cryptocurrency for illegal practices. But how would such changes, if enacted, affect the average user?
Read the full article at FullyCrypto: https://fullycrypto.com/what-would-fincen-crypto-rules-mean-for-you
Mark and Alex discuss the Ledger breach and Calvin Ayre’s 2021 BSV predictions, and Alex takes the FullyCrypto 2020 Christmas Crypto Quiz.
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