Friday, May 29Your Daily Bitcoin & Altcoin News Portal

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Coinbase Now Supports Tezos Staking Rewards for UK and Some EU Users

Coinbase Now Supports Tezos Staking Rewards for UK and Some EU Users

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Please share if you find this article interesting. Coinbase Now Supports Tezos Staking Rewards for UK and Some EU Users Major cryptocurrency exchange Coinbase is rolling out Tezos (XTZ) staking rewards for users in the United Kingdom and three European countries. In an announcement on May 28, the exchange revealed that users in the U.K., France, Spain and the Netherlands are now eligible to earn interest on their XTZ holdings for depositing and holding the token on the exchange. According to Coinbase, since this feature was launched in the United States back in November, users have earned over $2 million in XTZ staking rewards. What is staking? In blockchains that use a Proof-of-Stake system, staking enables network participants to earn a form of “interest” on their holdings, as
Reddcoin (RDD) Nears PoSV v2 Activation, Clearing Way for Explosive Developments | Press release Bitcoin News

Reddcoin (RDD) Nears PoSV v2 Activation, Clearing Way for Explosive Developments | Press release Bitcoin News

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Please share if you find this article interesting. Reddcoin (RDD) Nears PoSV v2 Activation, Clearing Way for Explosive Developments | Press release Bitcoin News Albuquerque, NM – May 29, 2020 – Feisty underdog and first generation cryptocurrency Reddcoin (RDD) launched the PoSV v2 consensus algorithm activation process on Christmas Eve 2019 enhancing all facets of support of the native lightning-quick blockchain to a self-funding independent model. That work has culminated in recent days and will be activating shortly, marking a transition for the never-say-die Reddcoin (RDD) development team and the project as a whole. Reddcoin is a uniquely community-driven and user-focused decentralized cryptocurrency established in 2014 and running seamlessly for six years. A member of
Bitcoin 896-Day ‘Accumulation’ Will Now Spark $100K Bull Run — Analyst

Bitcoin 896-Day ‘Accumulation’ Will Now Spark $100K Bull Run — Analyst

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Please share if you find this article interesting. Bitcoin 896-Day ‘Accumulation’ Will Now Spark $100K Bull Run — Analyst Bitcoin (BTC) has spent almost 900 days correcting from its $20,000 all-time highs — but its trip to $100,000 is about to start. That is the opinion of popular social media trader and analyst Positive Crypto, who on May 29 declared that the largest cryptocurrency’s 896-day climbdown would soon be over. BTC price to break “consolidation structure” According to an accompanying chart, the time since December 2017 has been “one massive accumulation phase,” during which investors repositioned themselves and bought in. This “consolidation structure,” as Positive Crypto calls it, is now ripe for disintegration, to give way to a new bull run which will obliterate the
Canadian University Adds Two Blockchain Programs to Meet Job Demands

Canadian University Adds Two Blockchain Programs to Meet Job Demands

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Please share if you find this article interesting. Canadian University Adds Two Blockchain Programs to Meet Job Demands Canada’s York University School of Continuing Studies today announced two new university-level continuing blockchain programs — the part-time Certificate in Blockchain Development and the full-time Post-Graduate Certificate in Back-End and Blockchain Development. The university said their new courses aim to meet the rising demand for blockchain developer roles in Canada, especially in the Greater Toronto Area, where it has risen by 374% in the last two years. Helping people upskill and reenter the workforce The two courses, which are scheduled to start this September, will help students upskill and build a portfolio in the blockchain field so they can secure rol
Messari: XRP Inflation Rate Five Times Higher Than Bitcoin’s

Messari: XRP Inflation Rate Five Times Higher Than Bitcoin’s

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Please share if you find this article interesting. Messari: XRP Inflation Rate Five Times Higher Than Bitcoin’s Data from research firm Messari indicates that Ripple’s circulating supply (XRP) inflation rate is coming up to 20% for the latest financial year. Highest among the large-cap crypto assets, it is five times that of Bitcoin’s (BTC). Inflation vs. price Messari researcher Florent Moulin shared the information on Twitter stating that Bitcoin is up 20% since last year, but in contrast, XRP is down 47% —- alluding to some correlation between their price and circulating supply inflation rates. Moulin also compared how much of the max supply is in circulation, stating that Ripple has only 30% of their max supply released, while Bitcoin has already released 87.5%. Kyle Samani o
Bitcoin Shrugs Off Goldman Sachs’ Criticism With Price Spike

Bitcoin Shrugs Off Goldman Sachs’ Criticism With Price Spike

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Please share if you find this article interesting. Bitcoin Shrugs Off Goldman Sachs’ Criticism With Price Spike Crypto traders aren’t taking advice from Goldman Sachs — with Bitcoin up by more than 8% since the investment bank slammed BTC in an investors call. Bitcoin has increased from the $8,800 mark to $9530, with the $10,000 barrier in sight According to crypto derivatives tracker Skew.com, the price rise has seen approximately $40 million in BitMEX shorts liquidated over the last 36 hours, with trading sitting above the BTC spot price indicating confidence in a longer rally. The 24 hour trading volume has stayed constant over the last week. The rise may be related to recent news from another financial institution: Grayscale. Analysis of the Grayscale Bitcoin Trust reported y
Grayscale Bitcoin Trust Buys Over 1.5 Times Total BTC Mined Since Halving | News Bitcoin News

Grayscale Bitcoin Trust Buys Over 1.5 Times Total BTC Mined Since Halving | News Bitcoin News

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Please share if you find this article interesting. Grayscale Bitcoin Trust Buys Over 1.5 Times Total BTC Mined Since Halving | News Bitcoin News Grayscale Investments has purchased more than 1.5 times the number of bitcoins mined since the third Bitcoin halving for its bitcoin trust. This indicates that there is a strong institutional demand for the cryptocurrency, which is expected to grow significantly post the coronavirus crisis. GBTC Buys 1.5 Times the Amount of Bitcoin Mined After Halving Grayscale Bitcoin Trust (GBTC) has been racking up the number of BTC it has purchased since the third Bitcoin halving. Between May 12 and May 18, the week following the halving, Grayscale Bitcoin Trust acquired 12,021.15320371 bitcoins representing $112,336,936, according to Grayscale...
CoinMarketCap Unveils Further Changes to Ranking System

CoinMarketCap Unveils Further Changes to Ranking System

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Please share if you find this article interesting. CoinMarketCap Unveils Further Changes to Ranking System Leading crypto data aggregator CoinMarketCap (CMC) has introduced new metrics ranking exchanges and market pairings based on a number of factors that are intended to reduce the impact of fake volume on the platform’s data. The changes build on others that were introduced recently that have proven controversial for benefiting CoinMarketcCap’s new parent company Binance. To flag suspicious volumes reported by exchanges, CoinMarketCap introduced its new ‘Confidence’ metric on May 29. The factor uses a machine-learning algorithm to examine all data ingested by CMC “to determine if the volumes reported by exchanges are inflated, and to what extent”. CoinMarketCap changes to marke
Devcon 6: 2020 is a Write-Off, Let’s Try 2021 in Columbia

Devcon 6: 2020 is a Write-Off, Let’s Try 2021 in Columbia

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Please share if you find this article interesting. Devcon 6: 2020 is a Write-Off, Let’s Try 2021 in Columbia The Ethereum Foundation says it will not hold blockchain’s largest international conference Devcon VI this year and has moved the event to Bogota, Colombia in 2021 — although a precise date is yet to be announced Colombia is one of the top countries in crypto adoption in the world.  Why the delay? In a statement the Foundation said it necessary to postpone the event until next year due to the global restrictions and travel difficulties resulting from the pandemic: “Simply put, Devcon participation should neither be limited to a few willing travelers, nor dependent on hopeful changes to gathering limits.” Instead, the Foundation will focus on supporting smaller local even
Bitcoin Price Rallies to $9.6K as Record CME BTC Contracts Expiry Looms

Bitcoin Price Rallies to $9.6K as Record CME BTC Contracts Expiry Looms

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Please share if you find this article interesting. Bitcoin Price Rallies to $9.6K as Record CME BTC Contracts Expiry Looms Bitcoin (BTC) price continues to inch closer to $10,000, rallying 5.68% to reach $9,600 on May 28. After breaking out of the falling wedge pattern on Wednesday night, the top ranked cryptocurrency on CoinMarketCap pushed through $9,350, a level traders expected to present resistance and made a beeline for $9,500.  Today’s rally brings Bitcoin price back to the $9,600-$9,800 zone where the digital asset traded from May 13 - May 20 and it also increases the likelihood of a return to $10,000.  Interestingly, data from Cointelegraph and Skew shows a large number of BTC futures contracts, including $184 million in CME Bitcoin Futures scheduled to expire this Frida