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4 Virtual Crypto Conferences You Can Attend From Home

4 Virtual Crypto Conferences You Can Attend From HomeThe crypto industry has had to quickly adapt to the escalating coronavirus pandemic, with major conferences postponed, canceled or hastily reformatted for the virtual realm. Due to its disproportionately high number of remote workers, though, the industry is more geared up for this new paradigm than many other sectors. Here are four virtual crypto events you can attend.

Also read: While You’re Under Quarantine, Check These Sites for Remote Crypto Jobs

Blockdown

Blockdown digital conference will debut on April 16-17 and will feature interactive talks, interviews, networking opportunities and AMAs. For a new event, it’s attracted some heavy hitters with confirmed keynote speakers including Bitcoin.com executive chairman Roger Ver, Elixxir founder David Chaum, Blockfolio chief Edward Moncada and Akon, the Grammy-nominated artist building his very own crypto city in Senegal, powered by Akoin. Speaking of Akon, his 2004 hit Locked Up has seen a sharp rise in streaming amid widespread lockdown measures.

4 Virtual Crypto Conferences You Can Attend From Home

Streaming to an expected audience of over 3,000, Blockdown aims to “recreate the essence of the traditional IRL conference” by letting exhibitors stream video from their virtual exhibition booths and facilitating one-to-one interactions. Tickets cost around $25.

DeFi Full-Stack

DeFi Full-Stack, formerly DeFi Discussions, goes down on May 1-2, with the goal of helping developers bridge knowledge gaps to better build defi products and encourage wider use. Speakers are given a 20-minute time slot followed by 10 minutes of questions, and there are plenty of them: everyone from Coinbase exec Luke Youngblood to Mycrypto founder Taylor Monahan. Tickets are completely free but early sign up is encouraged due to limited spots necessitated by bandwidth issues.

4 Virtual Crypto Conferences You Can Attend From Home

Consensus

Coindesk’s annual Consensus blockchain summit is one of the largest events in the industry, having been going strong since 2015. The organizers were never going to let a terrifying pandemic break their stride, were they? While 2019’s event was held at its regular haunt of the New York Hilton Midtown, this year’s will be entirely virtual and free to attend (existing ticket-holders can get a full refund). Consensus: Distributed, starting May 11, will feature premier speakers debating the hottest topics of the day, all coordinated by Coindesk’s team of journalists and moderators in a rolling live TV-like experience. Details on attendees have yet to be announced, although the team from bitcoin point-of-sale provider Digitalmint have confirmed their attendance, as has Will Reeves, CEO of crypto payments platform Fold.

Messari Mainnet

Messari boss Ryan Selkis announced a new virtual event series called Mainnet Events in his March 13 newsletter, insisting that “well-produced virtual events can reduce costs of collaboration, improve inclusivity, and still preserve some of the best elements of live networking (meeting serendipity, catching up with old friends, and rapid fire BD opportunities).” Amen.

Selkis has been busily covering covid-19 for the past few months, going so far as to create informational resources dedicated to the subject on the Messari site. But Mainnet will be more on-brand: according to the event page, the series will “convene crypto pioneers to advance the development of our decentralized future.”

With 50% of the profits pledged to virus response efforts, Mainnet Events runs from June 1-3 and features a program of 100+ leading speakers. You can reserve your spot here. In advance of the main Mainnet Event, several smaller testnet events are due to kick off in the weeks ahead – keep an eye on Messari’s Twitter for further details.

Crypto Embraces VR as Virtual Conferences Replace Physical Events

Only time will tell whether virtual crypto conferences live up to the promise of their physical counterparts. While some would-be attendees will snub virtual summits in favor of the rescheduled real thing later in the year, no one really knows when life will get back to normal. Feedback from those attending virtual events will be critical in promoting future digital summits, and conferences which maximize interaction rather than simply hosting livestreams are likely to be the success stories.

Will you be attending any virtual conferences this year? Let us know in the comments below.

The post 4 Virtual Crypto Conferences You Can Attend From Home appeared first on Bitcoin News.

Source: Bitcoin News

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How to Quickly Cash Out From Crypto to Fiat

Cut and Run: How to Quickly Cash Out From Crypto to FiatThere are many reasons why you might seek to liquidate your digital assets into fiat currency, be it to pay a bill, buy a meal, or cover an emergency. When needs must, speed is of the essence; no one has time to wait three days for a bank wire to clear. For those occasions when rapid exchange is essential, here are four fast crypto-fiat options.

Also read: Privacy Browser Brave Integrates Cryptocurrency Trading Through Binance

Cut and Run: Quick Cash Out Considerations

“Cashing out” can mean different things to different people. For some, cashing out means circumventing the banking system (and invasive KYC) by discreetly exchanging crypto for tender they can hold in their hands. Of course, the seller first has to handle the legwork of finding a cash-for-crypto buyer whom they can meet in person. And then there are security concerns: what measures do you have in place to ensure you don’t get ripped off?

Cut and Run: How to Quickly Cash Out From Crypto to Fiat

Even if you’re content to accept digital transfer of funds, you’ll need to decide which currency you want to be paid in, how much you’re prepared to lose in fees, and whether to favor bank transfer, Paypal, or another online payment option. If you’re in the midst of a major cash crisis, you must also consider the time it takes for funds to clear: while domestic wire transfers are reasonably fast, international bank transfers can take 3-5 business days. Here are some of the quickest crypto cashout options currently available.

Metal Pay

Founded in 2017, Metal Pay is a money transfer app that acts as a gentle onramp to the world of virtual currencies – while also letting crypto-holders cash out. The process is simple: users download the app, which links to their mobile number, then complete KYC before entering their bank account details. From here, they can buy, sell, send, receive and convert between 24 cryptocurrencies including BTC and ETH, directly from their device. This week, TRX was added to that list, enabling Tron’s native token to be purchased using fiat currency by debit card or a linked bank checking account.

Cut and Run: How to Quickly Cash Out From Crypto to Fiat

Insured by the Federal Deposit Insurance Corporation, Metal Pay imposes withdrawal limits of $10,000 per day, $100,000 per month, and $1.2M a year, but converting crypto to cash is straightforward. Just know that transfers made before 7 pm ET on business days typically show up in your bank the following business day (although they can take up to three business days), and that withdrawals to debit cards are normally the same day (but can theoretically take a business day to complete). Modest withdrawal fees are denominated in crypto and detailed here.

Localcryptos

The main attraction of Localcryptos (formerly Localethereum) is that it lets users cash out their crypto peer-to-peer, minus the headache of draconian KYC/AML processes. A reputation system keeps buyers and sellers in check, while the noncustodial escrow service means shysters can’t make off with your BTC or ETH without paying you.

Localcryptos Allows You to Cash Out BTC P2P – Minus the KYC

Using Localcryptos couldn’t be easier. At the top of the homepage, click ‘Browse,’ then select which crypto you’re buying/selling along with your preferred payment method (bank transfer, cash in person, Paypal, Revolut, etc), location and currency. You’ll be shown a list of buyers/sellers along with their profile blurbs and prices. All that’s left to do is open dialogue with one of them (chats are encrypted), agree a trade, and – if you’re the one cashing out – fund the escrow account. When the stipulated amount hits your account, click “Release Escrow” to seal the deal. Incidentally, the platform charges a 0.25% fee to “makers” (the person who places the offer listing) and 0.75% for the taker (the person responding to the offer).

Wirex

Like Metal Pay, Wirex is a mobile money app, only the firm’s based in London, not San Francisco. As for the setup process, it’s virtually identical to Metal Pay and there are 10 supported cryptocurrencies at the time of writing including an MTL-esque native token called WXT.

If you want to cash out crypto using the app, it’s easy to do so: just go into your crypto account and hit ‘Exchange’ to convert your balance into the fiat currency of your choice. You can convert up to $50,000 per day and spend the money using your Wirex card; alternatively, you can withdraw from an ATM. If you prefer to cash out directly to a bank account, Wirex automatically claims a 1% fee and there’s a $15 charge for SWIFT transfers. If you’re a Coinbase Card holder, meanwhile, you can now fund your Google Pay using the crypto card, enabling contactless payments at the swipe of a smartphone.

Cut and Run: How to Quickly Cash Out From Crypto to Fiat

Revolut

Revolut is a popular mobile banking platform in Europe, and a direct competitor to Wirex. One reason you might choose Revolut over Wirex when seeking to cash out is the number of supported fiat currencies: well over 100 compared to Wirex’s three. Revolut requires a one-off payment of $9.99 for prepaid (Premium) debit cards, whereas Wirex cards entail a monthly cost of $1.50. One drawback with Revolut is that it doesn’t allow you to deposit cryptocurrency from an external source; you can only cash out crypto you have already bought in-app or received from another Revolut user.

Cut and Run: How to Quickly Cash Out From Crypto to Fiat

To cash out your crypto, you’ll have to exchange it to fiat in-app (there’s a 1% fee outside foreign exchange market hours; it’s free otherwise), then use the app to send funds to a bank account. GBP transfers to a British bank normally take seconds but can theoretically take up to three business days; EUR transfers to accounts domiciled in SEPA typically take up to two working days; and international transfers can take up to five days. As for the fee for this service, you are notified in-app at the point of transfer. In the UK, it’s 20p for a local transfer over and above your plan’s allowance, and £3 for international transfers.

Whether you use a crypto-fiat banking service like Wirex, Metal Pay or Revolut, a P2P marketplace such as Localcryptos, a wallet with integrated two-way fiat-crypto capacity like Trastra, or a crypto exchange such as Coinbase, there are many ways to turn your cryptocurrency into filthy fiat. You can even have your cake and eat it by obtaining a cash loan while using digital assets as collateral. Whatever option you choose, be aware of the withdrawal limits, fees and waiting times. When you need cash quick, concessions in the rate you receive are likely.

What options do you recommend for quickly swapping from crypto to fiat? Let us know in the comments section below.

The post How to Quickly Cash Out From Crypto to Fiat appeared first on Bitcoin News.

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How to Buy Weed With Bitcoin

How to Buy Weed With BitcoinSo you’ve got a little bitcoin to your name but are all out of weed. What you gonna do? Well, if you’re fortunate enough to live in a region where marijuana is legal, there are ways to exchange the two. While if you don’t inhabit such an enlightened area, rumor has it there are still ways and means to get your fix without touching fiat. Here are five options for legally buying weed with bitcoin.

Also read: California City Official Uses Bitcoin Cash to Purchase Cannabis

How to Swap Sats for Sativa

Bitcoin and weed go all the way back to the Silk Road in 2011, and the duo remain staples of the darknet. The weed world has come a long way since then, however, with scores of U.S. states legalizing recreational use of marijuana starting with Colorado and Washington in 2012. Today, medical marijuana is legal in 29 U.S. states and it’s recreationally legal in nine. Around the world, 30 countries have legalized medical marijuana, while there are four countries where it is recreationally legal (Canada, South Africa, Uruguay, and Georgia) subject to certain conditions, and dozens more where it is decriminalized.

Largest Cannabis Community Market in Israel to Accept Bitcoin Payments

Unless you reside in Asia, you’re probably not far from a country where it’s legal to blaze up, and are almost certainly near a locale where the authorities have no interest in what you do in your own home, provided you’re not bothering anyone. Failing that, you can at least benefit from the non-psychoactive part of the marijuana plant, by legally purchasing CBD products such as coffee with bitcoin. However, with a number of vendors willing to ship weed directly to your door, it’s possible to swap sats for sativa without leaving the house. Here are five ways to buy weed with bitcoin.

How to Buy Weed With Bitcoin

Visit a Physical Dispensary

There are medical marijuana dispensaries dotted all over the U.S. and Canada, while the Netherlands is home to an array of coffee shops that serve the same purpose, with a handful of other European nations following suit. Bitcoin acceptance is very much piecemeal, but if you can find a store that will let you spend sats, you’ll be hooked up for as long as you’re in the neighborhood. Ohana dispensary in Emeryville, California, accepts crypto, and last year was the setting for the first crypto purchase of marijuana by an elected official. A few other dispensaries along America’s West Coast, including Seattle, are also known to accept bitcoin.

How to Buy Weed With Bitcoin

Visit an Online Marijuana Dispensary

If you’re fortunate enough to live in a region where weed is legal, you should be able to find an online store that will ship to you. Naturally you’ll need to pass verification checks, which include proving your residence, but once approved, you’re free to order all manner of THC-laced goods, from edibles to smokables. Canadians can get hooked up by Herb Approach which accepts BTC. Current deals include an ounce of Cheese for CA$170 – that’s 40% off – or a half ounce of Violator Kush for CA$87. The store also sells extremely potent shatter hash.

Visit a Seed Bank

If you’re choking for a smoke, this option isn’t for you. Bitcoiners in less of a hurry, however, may like the idea of ordering cannabis seeds by mail, bought with BTC. Dutch company Royal Queen Seeds accepts bitcoin and ships globally. The highly rated store stocks a wide range of autoflowering, feminized, and CBD seeds as well as CBD oil. Choose from such strains as Northern Light Automatic, Quick One, and perennial favorite Amnesia Haze. Bitcoin holders are known for their low time preference. If you can wait 12 weeks, while lovingly tending your crops, you’ll take receipt of some of the finest cannabis known to man.

How to Buy Weed With Bitcoin

Other online seed stores that accept bitcoin include U.K-based Attitude Seedbank and Seedsman, which promises offers such as three feminized white widow seeds free when you spend €30.

Visit the Darknet

Technically speaking, none of the darknet vendors selling weed are licensed to do so. Technically speaking, that’s not your problem. If it’s legal to consume weed where you live, who are you to police the sellers and worry about whether their paperwork’s correct and tax is filed? Leave that to the cyber cops. If you can access the darknet, you can find your way to a store that’s stocked with everything you need to make it through long weekends, quarantine, and extended house arrest.

What other methods of legally buying weed with bitcoin have you heard of? Let us know in the comments section below.

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Source: Bitcoin News

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Liquid Gold vs Digital Gold: Why Bitcoin Beats Oil in the Current Climate

Liquid Gold vs Digital Gold: Why Bitcoin Beats Oil in the Current ClimateExtreme volatility. Sudden loss of value. A purported store of value. An economic hedge. An alternative to gold. On the face of it, bitcoin and oil have a lot in common. Both markets have been buffeted by the covid-19 economic downturn, but while bitcoin has stabilized, oil keeps plummeting. What does “digital gold” have that its liquid counterpart does not?

Also read: Can’t Lock Down Bitcoin: Trump Ponders Halting Stock Trading, Grounding US Passenger Flights

Oil Keeps on Slipping

The oil market has been buffeted by three calamities that have conspired to create a genuine black swan event:

  • Intense competition: From the relentlessly expanding U.S. shale industry to the endless oil wells of the Saudis, oil has never been more plentiful.
  • Falling demand: Even before the coronavirus kicked in, oil demand was dropping. The travel ban and global quarantine have severely exacerbated this.
  • Price warfare: Saudi Arabia and Russia have long colluded to maintain healthy oil prices. Then they fell out at the start of March and oil lost 30% in a day, with worse to come.

This latter incident has had a profound effect on oil’s downward trajectory. As energy expert Gregory Brew observes, “If it so desires, Saudi Arabia can rapidly increase production and flood the market on a scale that other producers cannot match.”

US Starts Stockpiling Oil

The U.S. Department of Energy has begun buying up cheap oil for its Strategic Petroleum Reserve, but is only able to physically add 2 million barrels a day, and in four months it will reach capacity. Texas, meanwhile, is considering halting oil production for the foreseeable future, with depressed prices making it impractical to sell the commodity at a loss. West Texas Intermediate (WTI) oil, the U.S. benchmark, is under $20, while Brent is trading for $27. There is likely more pain to come, with Paul Sankey, managing director at Mizuho Securities, telling Fox Business that “Oil prices can go negative.” By this, he means that the cost of extracting and storing it can exceed its market price.

Something similar can occur with bitcoin, when the cost of mining a coin exceeds its market value. In such cases, neither bitcoin or oil suffer from a “death spiral,” however, because there are always entities who can continue to extract it profitably, ensuring a constant supply is maintained. The world consumes 100 million barrels of oil a day and has the capacity to store 1.5 billion barrels. Once those reserves are full, if demand for oil hasn’t picked up, there will be no option but to wind down production in facilities that are operating at a loss.

Liquid Gold vs Digital Gold: Why Bitcoin Beats Oil in the Current Climate
The performance of WTI oil for the year to date, priced per barrel ($).

Bitcoin and Oil: Commodities with a Lot in Common

The commodity that bitcoin is most frequently compared to is gold, yet it also bears a number of similarities with oil. Aside from the digital/physical duality, there are several ways in which bitcoin and oil overlap. Oil is prone to being hoarded by whales, who have the buying power to move the markets. And both assets have been hit hard in 2020, following long periods of stability in which they were assumed to maintain store of value qualities. In the last week, however, oil and bitcoin have diverged, with the former maintaining its downward trajectory, while BTC has regained ground.

Liquid Gold vs Digital Gold: Why Bitcoin Beats Oil in the Current Climate
The performance of Brent oil for the year to date, priced per barrel ($).

Abundance vs Scarcity

Bitcoin is scarce. Oil is plentiful. Both resources will run out eventually, but circulating bitcoin can be reused i.e bought and sold on the open market, ensuring that everyone who wants it can acquire it. Only a fraction of all oil can be recycled, resulting in continuous extraction just to match ongoing demand. Saudi Arabia and Russia have an “abundance” of oil and can depress prices for as long as they like, should the pair remain locked in a price war. Bitcoin, on the other hand, is not so easily manipulated and certainly not for so long.

Regional vs Borderless

The extraction of oil is closely linked to key global regions; the Middle East, Russia, the North Sea, North and South America. Bitcoin, in comparison, is borderless. While its extraction can also be linked to certain hotspots – China, Iran, North America, Scandinavia – bitcoin can be mined anywhere. As such, it is less susceptible to geo-political conflicts, cartels, and price wars.

Liquid Gold vs Digital Gold: Why Bitcoin Beats Oil in the Current Climate
The performance of bitcoin for the year to date.

Compact vs Cumbersome

Just as bitcoin miners can hoard coins in the hope of selling them at a higher price in the future, oil producers can stockpile. The difficulty is that oil requires vast warehouses and tanks to store, whereas all of the bitcoin in existence can be stored on an SD card the size of your thumbnail. The only pipeline bitcoin needs to flow is the data pipes of the internet.

Bitcoin for Oil: The Ultimate Trade?

Bitcoin and oil have always inhabited separate domains. But what if the pair were to become trading partners, with bitcoin being used as settlement for oil? The notion isn’t as outlandish as it may seem. Venezuela’s launch of the petro digital currency was an attempt to move away from the petrodollar, and the hegemony it hands the U.S. The much-maligned petro has failed to gain traction, but bitcoin remains a tantalizing possibility for nations looking to avoid sullying their hands with USD.

Liquid Gold vs Digital Gold: Why Bitcoin Beats Oil in the Current Climate
Year to date performance of BTC (orange), USD (green), gold (yellow), silver (white), crude oil (purple), U.S. stocks (blue).

Gabor Gurbacs, director of digital asset strategies at VanEck, believes that any country deeply invested in energy should be looking closely at bitcoin, saying: “While for now the petrodollar system remains dominant and the U.S. dollar outperforms other currencies, sovereign nations are increasingly searching for alternatives,” while acknowledging that because “bitcoin is a relatively young asset … it’s not a full-fledged store of value yet.”

Should a vacancy for a petrodollar replacement become available, bitcoin is ready to answer that call. In the meantime, it remains a safer haven than oil.

Do you think bitcoin is a better store of value than oil and other commodities at the moment? Let us know in the comments section below.


Images courtesy of Shutterstock and Mati Greenspan.


Did you know you can verify any unconfirmed Bitcoin transaction with our Bitcoin Block Explorer tool? Simply complete a Bitcoin address search to view it on the blockchain. Plus, visit our Bitcoin Charts to see what’s happening in the industry.

The post Liquid Gold vs Digital Gold: Why Bitcoin Beats Oil in the Current Climate appeared first on Bitcoin News.

Source: Bitcoin News

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Encryption Standards Threatened Under Pretext of Battling Coronavirus

Encryption Standards Threatened Under Pretext of Battling CoronavirusGovernments around the world have been trying for some time to bypass encryption and backdoor messaging apps. End-to-end encryption was preventing authorities from stopping terrorist attacks, we were told, and personal privacy had to be sacrificed for the greater good. Now, as the coronavirus spreads through the world, the powers-that-be claim public health is being jeopardized by the oversharing of false or misleading information pertaining to the pandemic. The encryption battle is warming up.

Also read: Can’t Lock Down Bitcoin: Trump Ponders Halting Stock Trading, Grounding US Passenger Flights

Coronavirus Provides the Latest Pretext to Steal Civil Liberties

In the age of social media, misinformation travels fast. Enough has been written about the “fake news” that spread like wildfire during the 2016 Brexit and U.S. Presidential elections, but suffice to say misinformation is once again at the forefront of debate four years on. This time Whatsapp – rather than Facebook and Twitter – is in the cross-hairs of legislators due to the rampant sharing of inaccurate coronavirus information on the platform.

As governments and medical bodies scramble to educate the public on the dangers of coronavirus, Whatsappers have apparently been busy sharing medical misinformation and fake cures, leading to calls from politicians to stop trading unverified info on the encrypted platform. Legislators, of course, want to go one step further than making impassioned pleas to share only sound advice: they want to prohibit encryption without a mandatory backdoor for state access and strip away Section 230 protections.

As Marty’s Bent newsletter lamented on March 20, “Crises are seen as opportunities by sociopaths who want to tighten the grip of their control over you. When the masses are sufficiently scared and fear is palpable in the air the kleptocrats look to pounce,” adding:

In the face of the spread of COVID-19, you better believe the incompetent kleptocrats are licking their lips in anticipation of the Stay Healthy Act they are inevitably going to draft and attempt to force down our throats. They will use “public health and safety” as emotional Trojan Horses to lower your guard and leverage your fear to accept draconian measures that erode your civil liberties.

An End-to-End Privacy Grab

Because Whatsapp messages are encrypted in a way that allows them to be viewed only by sender and recipient, it is argued that such measures would halt the spread of dangerous medical misinformation. Of course, this overlooks the fact that authorities have been seeking to get around encryption protocols for years now. The covid-19 panic is merely the perfect trojan horse to push through a troubling bill that effectively bans end-to-end encryption and facilitates the scanning of internet communication en masse.

US Politicians Want to Ban End-to-End Encryption on Messaging Services like Telegram and Whatsapp

In response to criticism, Whatsapp says users can forward viral messages to special fact-checking accounts – but they are hardly likely to abandon encryption and jeopardize users’ security, and the same is true for pro-encryption tech giants like Apple and Facebook. Last month, Facebook spokesman Thomas Richards told the Washington Post the company was committed to encryption that “protects everyone’s safety from hackers and criminals.”

Ultimately, people should be able to parse legitimate and illegitimate information of their own accord; verifying the validity of any piece of information is but a click away. As one Twitter user said in response to Irish Prime Minister Leo Varadkar’s plea for accurate information-sharing, “In a democratic country people are entitled to act in their own best interests, do their own research and question the wisdom of those in authority. This isn’t North Korea.”

EARN IT Bill Presents a Flagrant Threat to Privacy and Security

The Eliminating Abusive and Rampant Neglect of Interactive Technologies (EARN IT) bill currently progressing through Congress had its first hearing on March 11, and is widely viewed as the biggest threat towards end-to-end encryption. If passed, the act would make encryption providers responsible for “dangerous” or “illegal” user-uploaded content, and grant governments access to encrypted user data. It also places the responsibility for determining “best practices” in the hands of a small, 19-member committee with implicit bias: the committee head is Attorney General William Barr, who has fought tooth and nail to undermine encryption for years.

Before covid-19 supplied a convenient pretext, the bipartisan bill’s advocates claimed it would help to tackle child sexual exploitation. On March 5, Oregon Senator Ron Wyden called the proposal “a transparent and deeply cynical effort by a few well-connected corporations and the Trump administration to use child sexual abuse to their political advantage, the impact to free speech and the security and privacy of every single American be damned.”

It is not just diehard security advocates and activists who should be worried about the potential impact of this draconian act: it’s everyone who values personal liberty, privacy and free speech. If you are uncomfortable with the dystopian vision of governments reviewing all your digital messages and listening to your calls, you should oppose it vigorously. You can sign a petition to reject the Act here.

In many ways, EARN IT seeks to replicate the Patriot Act which was hastily pushed through in the wake of 9/11, with coronavirus fears being weaponized to justify the urgent need for greater oversight into people’s movements and activities. It would give ostensibly democratic governments the same obsessive surveillance power as regimes in China and North Korea and stifle independent thought.

Like the coronavirus, the all-out assault on encryption shows no signs of letting up.

Do you think the coronavirus is being exploited to erode civil liberties? Let us know in the comments section below.


Images courtesy of Shutterstock.


Did you know you can verify any unconfirmed Bitcoin transaction with our Bitcoin Block Explorer tool? Simply complete a Bitcoin address search to view it on the blockchain. Plus, visit our Bitcoin Charts to see what’s happening in the industry.

The post Encryption Standards Threatened Under Pretext of Battling Coronavirus appeared first on Bitcoin News.

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1.2 Million Italians Can Now Buy Bitcoin From Their Bank

1.2 Million Italians Can Now Buy Bitcoin From Their Bank After Hype Partners With ConioBuying bitcoin just got easier for Italians. The country’s mobile bank Hype has announced a partnership with fintech Conio, enabling customers to buy, sell, and securely store BTC from within their banking app. With over a million Italians choosing to bank with Hype, and 60,000 new customers being onboarded each week, the challenger bank’s decision to offer bitcoin is significant.

Also read: Onchain Data Suggests Bitcoin Sell-Off Fueled by New Investors

Believe the Hype

Launched in 2015 by Italian bank Banca Sella, Hype reflects the growing trend towards digital-first challenger banks which cater predominantly to millennials. By linking up with Conio, Hype’s mobile platform saves customers the trouble of using cryptocurrency exchanges to buy bitcoin. Instead, they can purchase the digital currency in-app, without the need for extra verification requirements.

When it comes to bitcoin storage, Milan-based Conio utilizes a multi-key solution, with three keys for each wallet. Because two are necessary to authorize transactions, with one stored on the user’s device, another on Conio’s servers, and a third kept offline by Hype, customers can maintain control over their funds and regain access if they lose their device.

1.2 Million Italians Can Now Buy Bitcoin From Their Bank

Giving the Customer What They Want

The wallet integration is the result of demand for bitcoin among Hype’s customers, according to CEO Antonio Valitutti: “Over 13% of our customers demanded bitcoin. We heard them, and we did our best to bring them the best solution: that’s why we chose Conio. We are very happy with our partnership, which also demonstrates the pioneering spirit of Hype.”

Christian Miccoli, Conio co-founder and CEO, added, “We are thrilled by this result. It shows that banks must not be afraid of cryptocurrencies, but can instead embrace them and make this sector grow in the future.”

1.2 Million Italians Can Now Buy Bitcoin From Their Bank

By normalizing BTC and exposing 1.2 million customers to crypto, Hype could play a key role in advancing bitcoin’s cause in the region. Customers will be able to directly use their account balance to buy bitcoin, with a daily purchase limit of €500 and an annual limit of €2,500 for Hype Start accounts. Premium accounts, meanwhile, can buy up to €4,990 per day or €50,000 per year, with the bank claiming a 1% fee for every purchase and sale.

Corona Carnage and a Way Forward for Bitcoin

Italy has been the worst-hit nation amid the covid-19 outbreak, with its death toll overtaking China’s on March 19 and all citizens on lockdown. At the time of writing, 4,032 people have perished from the virus there, with the total number of cases exceeding 41,000.

Last week, the Italian Red Cross and blockchain startup Helperbit announced that they were raising donations in bitcoin and other cryptocurrencies, with the intention of establishing a second-level advanced medical post for pre-triage of covid-19 cases. So far, the appeal has raised over $17,000. While a mere drop in the ocean given the government’s announcement of a €3.6 billion stimulus package, it indicates that the country is marshaling whatever resources it can to counter the virus.

1.2 Million Italians Can Now Buy Bitcoin From Their Bank
Hype is one of Italy’s most popular challenger banks. It caters to a web-savvy, younger demographic than most traditional banks.

As central banks desperately inflate the money supply to shore up a flagging economy, the appeal of fixed supply assets such as bitcoin is heightened. As well as being able to buy and sell bitcoin, Hype customers can use their card to pay for goods and services anywhere BTC is accepted. With citizens currently urged to avoid cash payments to prevent spreading the virus via contaminated notes, bitcoin may prove to be a valuable alternative, particularly as a hedge against rising inflation.

Do you think bitcoin will prove its worth as a hedge against inflation? Let us know in the comments section below.


Images courtesy of Shutterstock.


Did you know you can verify any unconfirmed Bitcoin transaction with our Bitcoin Block Explorer tool? Simply complete a Bitcoin address search to view it on the blockchain. Plus, visit our Bitcoin Charts to see what’s happening in the industry.

The post 1.2 Million Italians Can Now Buy Bitcoin From Their Bank appeared first on Bitcoin News.

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How Long Will the Market Downturn Last?

How Long Will the Market Downturn Last?When will normality return? How long till global markets recover and bitcoin resumes the bull run it was teasing at before the coronavirus materialized? These are questions that all investors are pondering as the epidemic wreaks havok on gold, oil, stocks and – up until March 19 – on bitcoin itself. BTC is up 20% today, but there is still a long way to go before a full recovery is made. News.Bitcoin.com has asked several analysts when they believe this will occur.

Also read: Scramble for Dollars: Emergency Cash Injections in $250 Trillion Global Debt Place the Fiat Ponzi On Ventilator

Crypto Market Rallies Amid Corona Chaos

Crypto markets are back in the green on March 19, one week after bitcoin suffered its biggest one-day drop in seven years, tumbling over 50% to $3,700. “Bitcoin is uncorrelated [with traditional markets] over any time period other than 1-2 week “indiscriminate panic to cash” time,” noted Ryan Selkis.

How Long Will the Market Downturn Last?
On March 19 at 20:00 EST, BTC was up 14% for the day.

“Full recovery when?” many are asking. It’s hard to say for sure, but a guess can be hazarded. Since the Second World War, global bear markets have tended to last an average of 13 months, although a sustainable comeback in 2020 will depend very much on countering the coronavirus. Some economists suspect that a rebound will occur during the summer, when warming temperatures will potentially weaken the virus, while others think the misery will persist for the remainder of the year.

Saga founder Ido Sadeh Man takes a measured view of where the global markets will go from here. “If you believe that the world as we know it ceases to exist any time soon, we can definitely expect an unprecedented rally in prices of crypto assets that are uncorrelated and independent of any existing financial infrastructures,” he told news.Bitcoin.com. “However, I am quite certain that the world is not about to end, and we can therefore expect people to look for diversification within known financial paradigms. This much is certain: as the world is changing, people are seeking stability above all.” He added:

Governments, through their central banks, are deploying unprecedented means of trying to stabilize and provide security to their citizens. However, these means are extremely dangerous and it remains uncertain whether they will indeed provide security or endanger the system as a whole because they’re taking place in an already-weakened global financial environment.

What Fiat Printing Means for Bitcoin

“Over the past two days, bitcoin and certain other coins have already started diverging from traditional markets,” observes Kronos CEO Jack Tan. “DASH, STEEM, and DATA all up a ton even as Asian and western equities are under sell pressure.” On the matter of quantitative easing, Tan ventures “The price impact from fundamental factors such as QE and negative rates will be seen maybe 6-12 months down the line. Certainly the expected impact on crypto from inflation and negative rates will help in the short term to support prices, but whether these catch on and instill confidence in the market remains to be seen.”

How Long Will the Market Downturn Last?
STEEM is up 40% on the news of a hard fork to move the Steemit community away from Justin Sun’s kingdom to a new blockchain.

Jack Tan remains bullish however in the mid to long term, predicting: “I believe bitcoin and a few other currencies will emerge stronger than ever after this stress test. However, it will take at least six months to see the true impact the virus has on global GDP, currencies and crypto. While we wait patiently for more signs of bullish divergence in crypto, I have an optimistic target of 30k on BTC for the end of 2020.” Mati Greenspan, founder of Quantum Economics, also believes that bitcoin could be in “full recovery within the next few months” provided efforts to contain covid-19 are constructive.

Given that bitcoin is fundamentally immune to the inflationary policies of the global financial system, it could be poised to capitalize on gross monetary mismanagement by actors such as the Fed, finally demonstrating its “sound money” credentials. Bitcoin advocates have long contended that the currency is a hedge against inflation and profligate financial institutions, rather than a safe haven from recession. Nobody can arbitrarily create more bitcoin and expand the supply.

As noted in the March 18 Marty’s Bent newsletter, bitcoin “is completely bereft of the debt handcuffs linked to the traditional financial system … Consistently producing blocks and enabling peer-to-peer transfers for those who have access to the software … This is the type of environment in which bitcoin was birthed. This is why bitcoin exists.” Castle Island Ventures’ Nic Carter also believes that “as long as people continue to crave a permissionless, globally-available, freely usable, always-on, never impaired alternative monetary system, bitcoin will continue to matter. Now more than ever.”

How Long Will the Downturn Affect Global Markets?

The current bear market took just 22 days to arrive, but it could take as long as 18 months before corona disruption fully abates, with the next three to four months set to be especially tough. The economic effects of coronavirus continue to reverberate, with global stocks plummeting despite major stimulus packages being announced. With many national governments taking the unprecedented step of writing blank checks to help businesses and workers navigate a coming recession, and the Fed slashing interest rates to near zero, it’s natural to wonder how much pain when the global markets will emerge from the wreckage.

Comments by UK Chancellor Rishi Sunak sum up the prevailing mood. At a news conference on March 17 he remarked, “Never in peacetime have we faced an economic fight like this.” Wildfires ignited by the covid-19 pandemic have scorched every part of the economy, hitting sectors such as aerospace, supply chain, housing and travel particularly hard. On the markets, even safe haven assets like gold and corporate bonds have taken a battering as traders wrestle with rising risk. Liquidity continues to dry up as companies draw down on credit lines.

On Tuesday, the U.S. Treasury announced a $1 trillion support package, with $250 billion provisioned for small businesses and $500 billion for individual aid via direct payments and tax cuts. The Fed also announced that it would bail out debt-burdened corporations by purchasing some of their loans. It’s 2009 all over again, the American Recovery and Reinvestment Act Part II.

In the U.K., meanwhile, £350 billion has been earmarked for businesses, while in the EU, a €37 billion Corona Response Investment Initiative was proposed to complement member states’ own fiscal measures. The CRII fund will be made available to healthcare systems, SMEs, labor markets and other beleaguered parties.

With a vaccine potentially 18 months away, flights grounded, borders closed and virus-suppressing, social distancing/home isolation measures in place, life has started to look very different for us all.

How long do you think the economic effects of coronavirus will last? Let us know in the comments section below.

Disclaimer: Price articles and market updates are intended for informational purposes only and should not be considered as trading advice. Neither Bitcoin.com nor the author is responsible for any losses or gains, as the ultimate decision to conduct a trade is made by the reader. Always remember that only those in possession of the private keys are in control of the “money.”


Images courtesy of Shutterstock.


Did you know you can verify any unconfirmed Bitcoin transaction with our Bitcoin Block Explorer tool? Simply complete a Bitcoin address search to view it on the blockchain. Plus, visit our Bitcoin Charts to see what’s happening in the industry.

The post How Long Will the Market Downturn Last? appeared first on Bitcoin News.

Source: Bitcoin News

Categories
Crypto News Updates

Darknet Vendors Work Overtime as Police Halt Drug Arrests

Darknet Vendors Work Overtime as Police Halt Drug ArrestsThe coronavirus is having a strange effect on the war on drugs. Narcotics activities that were deemed serious crimes only a week ago have been dropped by U.S. law enforcement, who have greater concerns now that cities are under effective lockdown. Meanwhile, darknet vendors are doing their best to match increased demand for mail order drugs, with one seller raising their maximum order size to accommodate bulk buyers.

Also read: Darknet Markets Keep Shipping as Shoppers Shun the Streets

The War on Drugs Takes a Hiatus

Starting on March 17, Philadelphia police have stopped making arrests for all narcotics offenses. Coronavirus concerns have forced them to focus on more important matters, leaving the city’s recreational drug users and sellers to please themselves. Other crimes to have been deemed inconsequential in these straitened times are theft from persons, retail theft, theft from auto, burglary, vandalism, bench warrants, stolen autos, and economic crimes such as passing bad checks, fraud, and prostitution. That’s the view of Philadelphia cops, and it’s one that other U.S. cities seem to share; New York may start freeing jailed suspects.

While an unofficial truce on drugs was being called in Philly, on the darknet, it’s been business as usual. Vendors have been tirelessly shipping packages – mostly recreational drugs – to a housebound population, some of whom are living under state-imposed lockdown.

“We still ship once a day and we pack under strictest hygiene standards … All our employees are tested negative for Corona,” claims one vendor on the monero-friendly White House Market. “Due to the [coronavirus] situation we have lifted the limit of 20g per day per customer. Every customer can order as many [marijuana packages] as he needs.”

Health Guidelines Advise Drug Users to Stockpile

During a remarkable week for the recreational drug industry, Yale published a harm reduction guide for substance users who encounter COVID-19. After advising on which regulated drugs are likely to exacerbate coronavirus effects (crack and meth), the guide urges users of all recreational drugs:

If you have money and are able, stock up on your drug(s) of choice before things deteriorate. Avoid bingeing on drugs that you are stockpiling so you have access to a supply. Try to buy from people you trust and have as many ways to contact dealers in your area as possible.

Darknet buyers have needed no encouragement to load up: most DNMs have reported increased demand, while overworked postal services have caused deliveries to be delayed. As a result, White House Market has asked vendors to consider extending the time before orders auto finalize and funds are released.

Darknet Vendors Work Overtime as Police Halt Drug Arrests
The notice posted on White House Market

Vendors Address the Corona Question

The coronavirus is everywhere right now, in meatspace and on the web, where it permeates Telegram groups, seeps through Twitter, colors the markets, and prompts darknet vendors to revise their listings. As news.Bitcoin.com reported last week, some DNM sellers have been capitalizing on the coronavirus through hiking prices, with one blaming Chinese precursor supply shortages for rising costs. Numerous vendors have taken efforts to convince customers that their drugs are packaged in a sanitary environment.

Darknet Vendors Work Overtime as Police Halt Drug Arrests

“We [will] compensate for this crazy time worldwide,” writes one vendor. “Coronavirus and the bitcoin drop compensation,” they explain before offering a global deal on 300 grams of 72% pure speed. They also assure shoppers that they always wear gloves when packaging items, to assuage corona fears. Another DNM vendor on Empire Market has claimed that “ecstasy is for partying and Molly is for quarantining,” adding that “Molly is a great time when trying to chill at home because unlike the party feel you get from ecstasy, Molly gives a relaxing euphoria,” before proceeding to shill their wares.

Darknet Vendors Work Overtime as Police Halt Drug Arrests

As for order delays, one Dread user insists that “Coronavirus [is] causing short staffing across the country, legitimate packages are taking longer atm, this ain’t DNM related.” There is evidence, however, that U.S. authorities are applying extra scrutiny to international packages arriving on account of coronavirus. “Our sources are usually incredibly reliable, but this month we have had a few very large packs disappear,” confesses one vendor. “Our theory is coronavirus.”

Do you think darknet sales will replace street sales if the coronavirus pandemic gets worse? Do you think police are right to stop arresting drug offenders? Let us know in the comments section below.

Disclaimer: This article is for informational purposes only. It is not an offer or solicitation of an offer to buy or sell, or a recommendation, endorsement, or sponsorship of any products, services, or companies. 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.


Images courtesy of Shutterstock.


Did you know you can verify any unconfirmed Bitcoin transaction with our Bitcoin Block Explorer tool? Simply complete a Bitcoin address search to view it on the blockchain. Plus, visit our Bitcoin Charts to see what’s happening in the industry.

The post Darknet Vendors Work Overtime as Police Halt Drug Arrests appeared first on Bitcoin News.

Source: Bitcoin News

Categories
Crypto News Updates

6 Cryptocurrency Exchanges That Don’t Require KYC

6 Cryptocurrency Exchanges That Don’t Require KYCThese days, it’s taken as a given that KYC must be endured to trade cryptos on centralized exchanges. In fact, there are still dozens of exchanges you can access without having to risk your personal documents and identity. The following guide examines six such platforms, and considers precautions you should take when using KYC-less crypto exchanges.

Also read: BTC Hashrate Follows Price Drop – 20% Lower Before Bitcoin Halving

Keep Your Privacy, Swap Your Crypto

Know Your Customer (KYC) legislation requires businesses to verify the identity of individuals using their service, particularly where the transmission of money is involved. This includes virtual currencies. As a result, the majority of crypto exchanges now enforce KYC. However, it is not mandatory to use a KYC exchange (also referred to as “surveillance exchanges” by their detractors) to trade. A number of exchanges legally operate in jurisdictions that do not mandate KYC, or have no official headquarters, placing them in a grey area in terms of legal obligations.

Bitcoin Traders Are Finding Creative Ways to Avoid KYC

Generally speaking, KYC exchanges that are fully regulated offer better protections for their customers, and there may be greater redress in the event of something going wrong, such as a hack. However, this does not mean that KYC-free exchanges are less trustworthy; it is the duty of each trader to perform their due diligence and choose a reputable exchange.

It is not the case that only shadowy individuals seek KYC-less exchanges, such as for tax evasion or criminal purposes. In fact, many traders flock to these platforms because they recognize that KYC requirements make everyone less safe through creating a honeypot for hackers. If you value your privacy, and wish to keep your personal details out of the reach of busybodies and criminals, it makes sense to seek platforms where you can exercise your right to trade cryptocurrencies in peace. Here are six exchanges that fit the bill.

Nominex

Low fees, a fast trading engine and advanced bidding tools are among the features that Nominex flaunts. Up to 3 BTC a day can be deposited and withdrawn without requiring KYC. The Seychelles-based exchange (registered in the same locale as Bitmex) operates a popular affiliate program, offers demo accounts for traders finding their feet, and is about to launch daily trading tournaments.

Stop, Stop Limit, Trailing Stop, and Scaled are among the order types that can be placed on Nominex. There’s 24-hour customer support and trading fees are reduced by 50% for holders of the native NMX token.

6 Cryptocurrency Exchanges That Don’t Require KYC

Bybit

Bybit is a popular derivatives exchange that could become a lot more popular if Bitmex introduces KYC, as has been rumored. Founded in Singapore, Bybit doesn’t require KYC, although U.S. residents are excluded from trading. Its most popular product is its BTC-USD perpetual swap, although Bybit also offers futures for XRP, EOS, and ETH. Bybit features a clean and intuitive layout and good customer support that operates around the clock and in multiple languages.

Bybit CEO Ben Zhou Talks Derivatives and Crypto Predictions for 2020

One of the best things about Bybit is its guides to margin trading. These help traders learn the terms, tricks and tips required to effectively swap derivatives products. There’s a Bybit mobile app available on the iOS and Google Play stores, while regular trading competitions keep things fresh.

Binance

The world’s largest cryptocurrency exchange is also a bastion of KYC-less trading. There are some caveats though. For one thing, U.S. citizens must trade on Binance US, which comes with KYC. Moreover, there are signs that Binance may transition to full KYC at some stage as it’s compelled to comply with the numerous jurisdictions where it operates. For now, though, spot trading can be accessed without requiring KYC, and you can withdraw up to 2 BTC per day. For margin trading, however, as well as various other Binance products, KYC is required.

Bitmax

Bitmax is a popular altcoin exchange that’s carved out a niche since launching in 2018. There’s reasonable liquidity, margin trading, a wide range of coins listed, and a native BTMX token that provides discounted trading fees and other benefits. The exchange holds regular airdrops and allows users to earn USDT for lending BTMX. Fiat deposits can be made with credit or debit card and there’s no KYC requirement, with a 2 BTC daily withdrawal limit.

Kucoin

Many exchanges operate partial KYC, Kucoin among them. What this means is that most traders will not be required to complete verification unless there is suspicious activity or in the case of them wishing to exceed the 2 BTC daily trading limit. Like leading exchanges Binance and Huboi, Kucoin has transitioned into a crypto company that offers a broad range of services, operating under various subdivisions. Although the liquidity could be better, Kucoin has a lot of things in its favor. It’s easy to use for one thing and lists a number of tokens that aren’t available on major exchanges.

6 Cryptocurrency Exchanges That Don’t Require KYC

Bitcoin.com Exchange

There’s a lot more to exchange.Bitcoin.com than merely the ability to sign up without undergoing KYC. BCH trading pairs, SLP tokens, and useful assets that aren’t available on other platforms are among its many attributes. There’s also the strength of the Bitcoin.com brand, which gives the exchange greater credibility than some of the other KYC-less platforms on the market. The clean and intuitive interface is free of clutter, and there’s a community feel to Bitcoin.com Exchange, which is particularly popular with BCH proponents.

6 Cryptocurrency Exchanges That Don’t Require KYC

DYOR and Don’t Leave All Your Crypto on Exchanges

It’s important to do your own research before signing up for a cryptocurrency exchange. Read reviews, check its policies on accessing the platform from different countries, and determine the quality of its customer support. Finally, and this applies to using all centralized exchanges, regardless of KYC, don’t leave all your crypto on there. Only deposit what you actively need for trading purposes and keep the rest of your stack in a noncustodial wallet. Trade safe, be smart, and keep your identity private by avoiding surveillance exchanges.

What KYC-free exchanges do you recommend? Let us know in the comments section below.

Disclaimer: This article is for informational purposes only. It is not an offer or solicitation of an offer to buy or sell, or a recommendation, endorsement, or sponsorship of any products, services, or companies. 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.


Images courtesy of Shutterstock.


Did you know you can verify any unconfirmed Bitcoin transaction with our Bitcoin Block Explorer tool? Simply complete a Bitcoin address search to view it on the blockchain. Plus, visit our Bitcoin Charts to see what’s happening in the industry.

The post 6 Cryptocurrency Exchanges That Don’t Require KYC appeared first on Bitcoin News.

Source: Bitcoin News

Categories
Crypto News Updates

While the Crypto Market Was Hemorrhaging Value, These Tokens Mooned

While the Crypto Market Was Hemorrhaging Value, These Tokens MoonedWhy do certain altcoins moon? It’s a question that all crypto holders have pondered at some stage while enviously eyeing the ascent of a token that wasn’t even on their radar, let alone their portfolio. If the performance of obscure tokens in a bull market is discombobulating, how to explain such breakouts in a deep bear market? Over the last seven days, a minority of digital assets have inexplicably posted impressive gains.

Also read: Sending Cash to Friends and Family Through Bitcoin ATMs Is Safer Than Crowding Bank Offices During Pandemic

Market Goes Down, Random Coins Go Up

Over the past week, while the crypto market was shedding half its value, a handful of coins picked the worst time to perform their best. These obscure low cap and low volume cryptos witnessed the sort of gains that haven’t been seen since the halcyon days of 2017. In hindsight, these coins would have provided a rare chance to profit in this most turbulent of weeks. However, the devil is in the details, as they say, and on closer inspection, not all of these gainers were as profitable as their percentage increase would suggest.

This Week’s Best Performing Altcoins

You’ve probably never heard of Finexbox, a Hong Kong-based P2P exchange, any more than you’ll have heard of The Stone Coin (TSC). If the data is to be believed, however, TSC is up 17,700% for the last seven days, thanks to $45M of trade on Finexbox. Your skepticism is warranted.

Uranus (URAC) is another coin that’s inextricably enjoyed a good week. The token which puts the ‘ass’ in digital asset is up 580% for the week, thanks to steady trading on Bittrex and Hotbit.

While the Crypto Market Was Hemorrhaging Value, These Tokens Mooned
Gifto (GTO) has performed well over the past month compared to other crypto assets.

The trade volume for most of the altcoins in the green this week is pitifully low, as is to be expected. As a result, many of the percentage gains can be discounted as they were achieved in illiquid markets where a single buy order can be enough to make the price jump. This includes monero classic (XMC), up 195% and tradable on Hitbtc and Gate.io, and Universe (UNI), up 46% with volume of $362,000.

The most legit looking asset that’s positive for this week is polkadot (DOT), which is swapping for $118 a token and is up 27%. Other “legitimate” cryptos that have outperformed the market include gifto (GTO), up 20%, after which the remaining coins in profit are almost exclusively stablecoins, whose minor deviation above their dollar peg attests to their demand. A record $100 billion of stablecoins was traded on March 14 according to stablecoinindex.com, with USDT leading the way, followed by USDC and TUSD.

While the Crypto Market Was Hemorrhaging Value, These Tokens Mooned
Stablecoin trading volume for the past seven days.

For traders seeking winners from the graveyard of dead and dying altcoins, there is a subset of remaining candidates that stands out. This niche group of tokens has performed very well over the past week. XRPBEAR is the FTX-issued token for shorting XRP with 3x leverage. It’s up 17% for the week. Its counterpart BNBBEAR is up 27%, ETHBEAR is up 40%, and BEAR – for shorting BTC 3x – is up 10%. You know you’re in a bear market when the best performing tokens are those that were designed to thrive in a sea of red.

Do you think the worst of the market downturn is over, or are we just getting started? Let us know in the comments section below.

Disclaimer: Price articles and market updates are intended for informational purposes only and should not be considered as trading advice. Neither Bitcoin.com nor the author is responsible for any losses or gains, as the ultimate decision to conduct a trade is made by the reader. Always remember that only those in possession of the private keys are in control of the “money.”


Images courtesy of Shutterstock.


Did you know you can verify any unconfirmed Bitcoin transaction with our Bitcoin Block Explorer tool? Simply complete a Bitcoin address search to view it on the blockchain. Plus, visit our Bitcoin Charts to see what’s happening in the industry.

The post While the Crypto Market Was Hemorrhaging Value, These Tokens Mooned appeared first on Bitcoin News.

Source: Bitcoin News