Category Archives: Bitcoin

Ahead of the 12th anniversary of the Bitcoin white paper, a large group of celebrities published cameo videos saying happy birthday to the worlds first cryptocurrency. A number of popular stars appear in the videos including Charlie Sheen, David Hasselhoff, Carole Baskin, Gilbert Gottfried, and more.

What do you think about the nine celebrities that wish Bitcoin a happy birthday ahead of the 12th anniversary? Let us know what you think about this subject in the comments below.

Image Credits: Shutterstock, Pixabay, Wiki Commons, Halborn,

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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'David Hasselhoff Invented Bitcoin' - 9 Celebrities Wish Bitcoin a Happy Birthday | Featured - Bitcoin News

Medelln, Colombia, Oct. 30, 2020 (GLOBE NEWSWIRE) -- The agricultural and cannabis industry will have an alternative payment system to private banking. Blockcannan, a technology company in the field of agriculture, has partnered with VISA, MasterCard, and Latoken Exchange to allow people from all over the world to participate in the profits of the cannabis industry legally through smart contracts on the Blockchain. The profits generated could only be shared in fiat currencies until now, but now they can also be shared in cryptocurrencies (namely Bitcoin, Ethereum and CBD).

About Blockcannan

Blockcannan is an agriculture and technology company established in Colombia that aims to transform the management of agricultural resources through Ethereum smart contracts. It is developing a digital platform that will allow investors, allied companies, authorities and others interested in leasing land, to obtain profits on their cell phone from the commercialization of cannabis extract and agricultural products in countries of Europe and North America. In this way, it will open the doors to the efficient use of agricultural resources with the help of technologies such as Blockchain and big data.

The CBD seed token developed by its work team allows faster and cheaper transactions of goods and services than the traditional system, in addition, the possibility that anyone with little investment knowledge, can obtain benefits from agricultural farms and from cannabis legally. This smart contract will help in the tokenization of agricultural resources, including land. Blockcannan builds a Marketplace for the commercialization of agricultural products based on blockchain. The market will facilitate the safe trade of agricultural products and legal cannabis extract. Previously, this exchange could have been done only in CBD tokens, but now, after the association with the exchange of VISA, MasterCard and Latoken, it can be done in fiat currencies or Bitcoin / Ethereum.

Proper inventory management and issuance of documents to authorities is also critical to a legal cannabis market. The Colombian State has filed Law 1787 of 2016, which regulates safe and informed access to the medical and scientific use of cannabis and its derivatives, allowing import and export. That is why Blockcannan has also developed an inventory management system for the comprehensive management of crops throughout their life in the supply chain. Thanks to blockchain technology, the system is so traceable that government authorities can also use it to track the journey of items passing through it (which is why it can work for the legalized sale of cannabis).

How will it work?

As explained above, the platform that Blockcannan is developing will work with the help of Ethereum smart contracts. As for technicalities, anyone can participate in the commercialization of agricultural products through this platform by depositing money or CBD tokens on the platform. Once they have deposited it, they can start receiving profit in the proportion of their participation in their smartphones for up to 29.9% of the value of their investment. The minimum investment amount is $ 6 and the maximum is set at $ 2 Million.

There is also a limitation on who can use the platform and who cannot. To prevent money laundering risks, only those people who have the legal capacity to enter into a contract according to the authorities of their region can use it.

Allied farms already developed by Blockcannan

Some of the allied farms have already been developed by Blockcannan to show how it will work. They have established a network of these farms in the Andean region, and a pilot project in La finca el Vrtice located in the village of Ro Fro in the municipality of Tmesis, Colombia. That particular farm has an area of 15.18 hectares and is close to the municipal seat with easy access to roads. Approximately 1.79 hectares of this land has been used for agriculture, while Blockcannans team is using 0.69 hectares to build the greenhouse, cellar, nursery and drying chamber for the production and extraction of Cannabis.

According to economic projections, Blockcannan in its first year of operation will have a return of $ 3,488,000 and by its fifth year it is estimated to reach $ 55,808,000.

Media Contact Details:Company Name: BlockcannanCompany E-mail: Contact@blockcannan.comCompany website: https://blockcannan.com/

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Blockcannan Partners With The Giants VISA, MASTERCARD And BITCOIN - GlobeNewswire

The Bitcoin network has slowed down amid Bitcoins (BTC) new price highs, causing a large number of unconfirmed transactions.

According to the mempool transaction count on Blockchain.com, the number of unconfirmed Bitcoin transactions surpassed 100,000 on Oct. 27. This is the highest number of unconfirmed Bitcoin transactions recorded since late 2017, when Bitcoin hit $20,000.

The all-time high of unconfirmed transactions in the Bitcoin mempool was recorded in early December 2017, accounting for about 180,000 transactions, according to data from Blockchain.com.

The high number of unconfirmed transactions comes amid Bitcoin hitting new multi-month highs. On Oct. 27, Bitcoin surpassed a $13,745 threshold, almost touching its previous peak of $13,970 recorded on June 26, 2019.

Amid the bullish trend, the Bitcoin network faced some issues in its key indicators recently. On Oct. 25, Bitcoins hash rate a key indicator of the health of the Bitcoin network tumbled from 151.1 EH/s on Oct. 24 to 116.3 EH/s.

As reported, some mining data aggregators link the drop in Bitcoins hash rate with the end of the wet season in Sichuan. Heavy rains in the region result in low hydroelectric prices for miners. However, as rivers and tributaries dry up, miners are moving to Inner Mongolia and Xinjian.

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Unconfirmed transactions on Bitcoin network at highest level since 2017 - Cointelegraph

U.S. presidential candidate Kanye West professed his respect for bitcoiners during a podcast interview with Joe Rogan. He says bitcoiners really have a perspective on what the true liberation of America and humanity will be.

Kanye West is one of the worlds best-selling musicians, having sold over 140 million records worldwide. He announced in July that he is running for President of the United States this year. In a podcast interview with Joe Rogan, published on Saturday, West confirmed that he is still in the running.

Theres a possibility that I could [win]. Its actually technically possible for me to win now which would be the best option for America, he told Rogan. West said that he is on the ballot in 12 states and voters in 17 other states can write him in. I could possibly win now, he claimed, emphasizing that he will definitely win in the next presidential election in 2024.

When asked about bitcoin, West described, Jack Dorsey decentralized Twitter two months before it really hit because he was talking to the Bitcoin guys, adding:

And these are guys that really have a perspective on what the true liberation of America and humanity will be.

Specifically these guys a lot of tech guys were able to use the new information highways and create the next frontier of our existence, he continued.

Furthermore, West revealed that some people have suggested for him to run for the governor of California. If its in Gods plan that part of my path is to be the governor then thats fine but my calling is to be the leader of the free world, he affirmed.

Do you want Kanye West to be the U.S. president? Let us know in the comments section below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Kanye West: Bitcoiners Know the True Liberation of America and Humanity - Bitcoin News

At the beginning of the year, the trading platform FTX Exchange launched a futures market so people can bet on the U.S. election and created a futures contract token called TRUMP. On Friday, FTX revealed that the exchange is lifting the initial margin requirements to $0.50 for its TRUMP token contracts.

Individuals who dont live in the United States can participate in betting on the U.S. 2020 presidential election by leveraging the trading platform FTX. News.Bitcoin.com reported on FTX launching its TRUMP token futures contracts back in February, as our newsdesk disclosed a number of other betting portals that use digital currencies to bet on the upcoming election.

At the time, gambling sites and FTXs TRUMP futures had shown Donald Trump was expected to win the 2020 election. However, on September 30, our newsdesks latest report had shown Joe Biden was leading across gambling portals by at least 60%.

On Friday, FTX announced some changes to the original TRUMP token futures market and the exchange is also offering a BIDEN futures market as well. FTX said:

[FTX Exchange will] increase [the] initial margin requirement to $0.50, so you need $0.50 to get short 1 TRUMP or $0.36 (the current price of TRUMP) to get long 1 TRUMP.

Looking at both futures markets on FTX shows that traders are expecting Joe Biden to win the U.S. election and percentages are over 60% today. BIDEN futures tokens are swapping at prices between $0.62 to $0.64 (64% chance of winning) at the time of publication. Meanwhile, TRUMP tokens are swapping at prices between $0.34 to $0.38 (38% chance of winning) a unit, which means current support for a Donald Trump win is lagging.

As stated during the original FTX TRUMP futures announcement, [TRUMP] is a futures contract on FTX, [The token] expires to $1 if Donald Trump wins the 2020 U.S. presidential general election, and $0 otherwise. The latest announcement also notes that FTX is increasing the maintenance margin requirement to $0.40 $0.10 until the election as well.

On Friday, October 30, a great number of polls say that Joe Biden is leading the race. However, reports also show that Trump may actually be in the lead in the United States election polls.

A handful of contrarian pollsters believe Trumps support is underrepresented and that election analysts could be headed for another embarrassing miss on election day, Jonathan Easley from The Hill wrote on Friday.

What do you think about FTX Exchange lifting the initial margin requirements to $0.50 for TRUMP contracts? Let us know what you think about this subject in the comments section below.

Image Credits: Shutterstock, Pixabay, Wiki Commons, FTX Exchange TRUMP futures

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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FTX Increases Trump Futures Margins Before the Election, Biden Futures Lead by 64% - Bitcoin News

The number of Bitcoin (BTC) whalesreached a new all-time high amid last week's price ascension. On October 20, there were 2,178 Bitcoin addresses that held at least 1,000 BTC. By October 25, this number increased to 2,231. At current prices, 1,000 BTC translates to approximately $13 million.

Based on this data, we can surmise that the whales control at least 2.23 million Bitcoin a significant figure equivalent to 12% of the current supply.

According to data from BitcoinCharts, these whale addresses actually control a much higher 7,902,469 BTC, or 42% of the total supply. Although we know the number of whale addresses, we do not know how many individuals or entities control them. Multiple addresses could be controlled by a single entity, or likewise a single address could be controlled by multiple parties with a multi-signature wallet.

Researchers allege thatapproximately 1.1 billion BTC are/were controlled by Bitcoin's create and original miner, Satoshi Nakamoto. The vast majority of the coins believed to belong to Nakamoto have never been moved.

We can also observe an increase in the hodling pattern the percentage of Bitcoin supply that has not been moved in a while. 62% of the supply has not seen action in at least 1 year and almost one third has not changed addresses in 3 years or more.

ThoughBitcoin saw its highest weekly close since 2018during the past week, most whales and hodlers do not seem to be in a rush to part with their assets.

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The number of Bitcoin whales hit an all-time high during the latest bull run - Cointelegraph

1. Bitcoin Supply on Ethereum Tops $1B - CoinDesk  CoinDesk
2. Bitcoin speculators hit all-time lows as Grayscale says BTC like 2016  Cointelegraph
3. Bitcoin, Ethereum & Compound - American Wrap: 9/17/2020  Benzinga
4. How to Short Bitcoin (BTC) - An Easy to Follow Guide  Securities.io
5. Market Wrap: Bitcoin Slumps to $10.7K; Ethereum Fees Rise Again  Yahoo Finance
6. View Full Coverage on Google News

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Bitcoin Supply on Ethereum Tops $1B - CoinDesk - CoinDesk

Traders are usually skeptical as Bitcoin (BTC) approaches key resistances, and there was no exception as the price added 7.7% to attack the $11K level.

Not every rally will shift technical indicators to overbought levels, but there is usually some gain in volume and futures contracts sentiment that may transition from neutral to bullish. Derivatives markets are especially sensitive to trend changes due to leverage.

Yesterday, as Bitcoin price closed in on $11K, Cointelegraph cautioned that the move shouldn't raise hopes too high as rejection at this level could be followed by heavy downside.

Let's analyze the most recent price movement that culminated with yesterday's $10,960 close.

BTC/USD 4-hour chart. Source: TradingView

Take notice how there hasn't been much resistance over the past three days during the 8% rally. $11K seems more a psychological barrier than a resistance, but there are currently no signals that traders are confident after the recent price recovery.

Considering the price increase over the past three days, derivatives indicators and the top traders net long/short ratio should have shifted accordingly. Thus, the best place to start is by looking at BTC futures activity

Any optimism from buyers should be reflected in the futures contracts funding rate. These perpetual futures contracts, also known as inverse swaps, have an embedded fee for margin usage.

At most exchanges, the funding rates are usually changed every 8 hours. If buyers are using more leverage than sellers, the funding rate will be positive; hence buyers are the ones paying it. The opposite occurs when future contracts sellers (shorts) are demanding more margin.

Not every bull run will lead to a positive funding rate. Nevertheless, it is very unusual for positive moves to happen during periods where the funding is negative.

Even if there are no additional positions created during bull runs, the liquidation of short-sellers will cause the funding rate to go up. This is caused by decreasing demand for leverage shorts traders, but usually it is also accompanied by buyers adding long positions.

Bitcoin perpetual swaps 8-hour funding rate. Source: Skew

The data above shows a brief moment of optimism as the funding rate turned positive on Sept. 2 ahead of the drop below $11K. Since then, the indicator turned negative, and there is no indication of bullishness.

Variations between -0.05% and +0.05% fees per 8-hours are considered quite normal and, therefore, a neutral indicator. This is equivalent to -1% to +1% per week, so unless it is kept for an extended period, it is uneventful.

Volume is the one unquestionable indicator, regardless of whether one is doing technical or fundamental analysis. Any significant move not backed by a sizable trading activity becomes doubtful in traders and analysts' minds.

7-day Bitcoin aggregated average volume. Source: Messari

Data from Messari shows the adjusted aggregated volume at $2.15 billion Bitcoin for Sept. 15 and 16. Although 13% above the previous 7-day average, it is still far below the $3 billion peak levels seen over the past two months.

This is another telling signal that the BTC rally initiated a week ago seems to be fading away rather than gaining strength for continuation to $12K.

Binance provides data on the top traders' long-to-short net positioning. This is an excellent indicator to determine whether professional traders are leaning bullish or bearish.

OKEx has a slightly different indicator, measuring top traders sentiment. Considering the difference in methodologies, one should monitor changes in each index instead of absolute numbers.

Top traders sentiment & net long/short. Source: OKEx, Binance

Binance futures top traders remain net long, although the current 1.12 ratio is the lowest figure recorded since July 25 (8 weeks ago). A similar trend is depicted in the OKEx top traders sentiment metric, which has declined to 0.80 from a 1.18 peak on Sept. 3.

These indicators reinforce the previously discussed volume and funding rate analysis and show a lack of strength behind the recent BTC recovery from the sub-$10K level.

It is also worth noting that there are absolutely no bearish signals from any of these indicators. Instead, the market shows that traders are either in mild disbelief or simply are disinterested in participating at the current levels.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision.

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Its a bull trap! 3 key metrics forecast Bitcoin price rejection at $11K - Cointelegraph

A number of metrics indicate that social and trading sentiment for Bitcoin is still low despite its price breaking above $11,000 a couple of hours ago.

On-chain analytics provider Santiment has revealed that weighted social sentiment for Bitcoin is at its lowest level for two years. The metric takes into account the overall volume of Bitcoin mentions on Twitter and compares the ratio of positive vs. negative commentary on the platform.

Social sentiment surged a few months ago when Bitcoin started its strong recovery following the pandemic-induced market crash in mid-March. However, for most of May, June and July, when the asset was consolidating in the low $9,000 range, it fell into negative territory again.

The analytics provider noted that, counterintuitively, negative sentiment at extremely low levels correlates with price rises, whereas extreme highs correlate with price retracements.

Bitcoin reached a 2020 high of $12,400 in mid-August, but has failed to top 2019s peak of $13,800 leading a number of analysts to assert that the lower high on the longtime frame indicates that we are not in a bull market just yet.

Another market sentiment gauge is the Bitcoin Fear and Greed Index, which is currently showing a neutral reading of 48 at the time of writing. This metric is derived from a combination of factors such as volatility, market momentum and volume, social media interaction, market dominance, and current trend.

For most of August, the index was in the extreme greed zone at around 80 as Bitcoin traded in the high $11,000 range. Its lowest levels unsurprisingly were in March and April when extreme fear gripped global markets.

Popular charting platform Tradingview also has its own sentiment indicators for the asset derived from a number of technical indicators. On the daily and weekly views, they are flashing buy signals, whereas things are more neutral on the shorter time frames.

Bitcoin has been largely correlated to stock market movements for much of this year; however, the September effect is a term that has come about because it is a historically weak month for stock market and cryptocurrency price returns (as Kraken pointed out in its most recent update). This could be reflected in social sentiment as reported by Santiment.

At the time of writing, Bitcoin was still trading just above $11,000, a gain of 2.8% on the day and almost 8% on the week.

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Bitcoin sentiment at record lows Does it mean the price will go up? - Cointelegraph

Mike McGlone, Senior Commodity Strategist at Bloomberg, is convinced Bitcoin will continue to appreciate thanks to its fixed supply coupled with increasing demand.

I don't see what [could] make it stop doing what [its] been doing for the last 10 years. And that's going up, he told Cointelegraph in a recent interview.

McGlone sees Bitcoins capped supply as the main feature. He said that this potentially makes it a better store of value than gold, the total amount of which is unknown.

Given the fixed supply, Bitcoin is going to appreciate as demand for it increases. McGlone points at the growing number of active Bitcoin addresses and the increasing flow of Bitcoin into regulated exchanges as two main factors proving the increasing demand for Bitcoin.

Lastly, Bitcoins decreasing volatility compared to the Nasdaq index is another indicator pointing at the growing maturity of Bitcoin as an asset class.

When asked about Pantera Capital price prediction, according to which Bitcoin may reach $115,000 in one year from now, McGlone remains skeptical. According to the analyst, Bitcoin is too mature for this kind of massive rally to happen in such a short time.

Bitcoin 10x? Maybe over 10 years, that makes a lot of sense, he said.

Check out the full interview on our Youtube channel and dont forget to subscribe!

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Bitcoin will continue appreciating, although at a slower pace than in the past, Bloomberg analyst explains - Cointelegraph