Connect with us

Blockchain

The First-ever Online Awards Show, GLOBAL CRYPTO AWARDS is Here!

Avatar

Published

on

Starting this year, the GLOBAL CRYPTO AWARDS seeks to highlight the incredible achievements of crypto and blockchain companies, individuals, groups, and other associated businesses, which changed the lives of billions through borderless transactions, bringing technology to the remotest place on the planet to make some difference and helping create an intermediary free lives, empowering those who are even deprived from getting local governmental support. The aim of the awards is to:

Encourage individuals, organizations, groups, businesses, and communities to continuously create better solutions to change the way world functions through decentralization and blockchain technology.

Recognize as role models the significant contribution individuals, businesses, organizations, and communities are making across the globe.

Acknowledge the hard work that individuals, businesses, organizations, and communities are putting.

Reward the valuable contributions that individuals, businesses, organizations, and communities are making throughout the globe.

Amid COVID19 health emergency, social distancing is the key to survival and that is the reason the very first edition of Global Crypto Awards is going to be 100% online affair. All the participants will be given an online platform to exhibit and nominate their selves for different award categories. Winner will be decided by Jury members and public voting. Whosoever wants to self-nominate for the award show will be welcomed and they will be given a platform to exhibit their product or services, voters and jury members will look into the merit of product and services based on certain parameters decide their vote.

There are mainly 5 categories for nominations, which are divided into different subcategories:

    • Top Awards
    • Best in ICO Category
    • Best in Blockchain
    • Best in Dapp
    • Best in Social Media

Kindly visit www.globalcryptoawards.com to know more about nomination categories, exhibition details, and participation fees. You may also write to [email protected] for any query related to nomination, sponsorship, or partnership.

Awards will be announced on December 25, 2020.

Source: https://www.cryptonewsz.com/the-first-ever-online-awards-show-global-crypto-awards-is-here/

Blockchain

Bitcoin Price Analysis: BTC Plunges $300 in 2 Hours, Here’s Why

Avatar

Published

on

Bitcoin bears appear to have come out of hibernation today. According to the latest data from Glassnode, Bitcoin hourly addresses hit a 2-year high today and hourly active addresses set at a new yearly high.

While these figures might sound promising, they have coincided with a steep $300 crash in Bitcoin’s price over a 2.5 hour period. So far, the leading crypto’s market cap has fallen by over $4 billion over the past several hours.

Bitcoin Price Levels to Watch in the Short-term

btc_jul2_4h-min-min
BTC/USD 4-hour chart, Bitstamp

On the above 4-hour BTC/USD chart, we can see that the price action just broke to the bearish side, out of a rising wedge pattern.

The sudden surge in selling pressure drove Bitcoin through the weekly open support (white line) at $9,113 and all the way down on to the 500-EMA (marked red) support beneath, at around $8,944.

Prior to the breakout, the bulls almost succeeded in retesting the 50-EMA (blue line) for a second time, but the sentiment shifted quickly after the strong $9,260 resistance held for the 5th time (as can be seen on the 30-minute chart below). We anticipated this bearish decline in yesterday’s Bitcoin analysis.

Right now, the price levels which will most likely create resistance against any short-term uptrend will be the aforementioned weekly open at $9,113, and somewhere around the $9,200 area if bitcoin price throws back to the previous support level of the rising wedge pattern (yellow line).

Looking at the lower levels, we could see some support at the psychological $9,000 level and back at the 500-EMA level. However, we could see a possible second wave of selling take place once bears recharge from the recent crash. If this happens, the $8,800 level looks like a possible short-term target for bitcoin sellers, which coincides with a previous support and the 0.5 Fibonacci extension level.

btc_jul2_30m-min
BTC/USD 30-min chart, Bitstamp

The Technicals

Looking at the 30-minute BTC/USD chart, we can see that BTC price broke into the oversold region on the RSI. For intraday traders this is usually a strong buying signal, and already it has helped rebound prices back over the $9,000 mark. This doesn’t mean that bitcoin is out of the woods yet though.

The moving averages on the 4-hour MACD have now bearishly diverged beneath the zero line with selling volume rising on the histogram. This confirms that the short-term trend is now favorably bearish.

Total Market Cap: $261 billion

Bitcoin Market Cap: $167 billion

Bitcoin Dominance Index: 63.8%

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited – first 200 sign-ups & exclusive to CryptoPotato).

Click here to start trading on BitMEX and receive 10% discount on fees for 6 months.

Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.


Source: https://cryptopotato.com/bitcoin-price-analysis-btc-plunges-300-in-2-hours-heres-why/

Continue Reading

Blockchain

Bitcoin Data Not Protected by 4th Amendment, US Court Rules

Avatar

Published

on

A Fifth Circuit panel of three judges ruled against Richard Gratkowski’s appeal that Fourth Amendment rights should protect Bitcoin data. The panel ruled that the FBI agents who subpoenaed cryptocurrency exchange Coinbase to track Gratkowski’s payments to a child pornography website acted according to the law.

4th Amendment Doesn’t Hinder US Law Enforcement to Track Bitcoin Transactions

On Tuesday, a US court compared Coinbase to a traditional bank, citing the US Supreme Court’s decision in the United States v. Miller case from 1939, in which it ruled that bank records weren’t subject to Fourth Amendment protections.

US Circuit Judge Catharina Haynes concluded:

“Coinbase is a financial institution, a virtual currency exchange, that provides Bitcoin users with a method for transferring bitcoin. The main difference between Coinbase and traditional banks, which were at issue in Miller, is that Coinbase deals with virtual currency while traditional banks deal with physical currency.”

For those unfamiliar, the US Court of Appeals for the Fifth Circuit is a federal court with appellate jurisdiction over the district courts in three states – Louisiana, Mississippi, and Texas.

Previously, the FBI subpoenaed Coinbase to get records of Gratkowski’s payments to a child pornography site. The crypto exchange offered the US government a limited amount of data, the judges said.

You Might Also Like:

The criminal complaint filed against Gratkowski in January 2018 in the Western District of Texas shows that he used Bitcoin to pay for child pornography between June 2016 and May 2017. After analyzing the blockchain transactions to track addresses that had moved Bitcoin to one of several accounts related to the site, FBI agents subpoenaed Coinbase for data on its clients.

The federal agents conducted a search warrant on Gratkowski’s house based on the information provided by Coinbase. They found a storage device containing child pornography content. As a result, Gratkowski was sentenced last year to 70 months in prison and ten years of probation.

Court Rejects Gratkowski’s Appeal

Gratkowski appealed the decision, saying that his Bitcoin data should get the same protections that the Supreme Court previously ruled for cellphone location data in its 2018 Carpenter v. United States decision.

However, the three judges unanimously disagreed. They argued that Bitcoin data is not personal and isn’t a “pervasive or insistent part of daily life.” It doesn’t provide agents with “an intimate window into a person’s life,” unlike cellphone location data.

The panel said that Bitcoin users have the alternative to not use banks at all whenever conducting transactions.
This is not the first instance when public information on blockchain helps law enforcement agencies track consumers of child pornography. Earlier this week, CryptoPotato reported that the Spanish Civil Guard arrested several people who had allegedly taken part in the distribution of child pornography.

The international investigation revolved around tracking crypto payments of users who entered child pornography websites.

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited – first 200 sign-ups & exclusive to CryptoPotato).

Click here to start trading on BitMEX and receive 10% discount on fees for 6 months.


Source: https://cryptopotato.com/bitcoin-data-not-protected-by-4th-amendment-us-court-rules/

Continue Reading

Blockchain

Amazon CEO Bezos Now Has More Money Than Bitcoin’s Market Cap

Avatar

Published

on

Jeff Bezos, CEO of online shopping giant Amazon, recently tapped record wealth levels, holding more personal wealth than all the speculative capital currently invested in crypto’s largest asset — Bitcoin (BTC). 

“Amazon stock shares surged 4.4% to a record $2,878.70 Wednesday, boosting the founder’s world-leading fortune to $171.6 billion,” Bloomberg said in a July 1 article. “That tops his previous high of $167.7 billion, set on Sept. 4, 2018, according to the Bloomberg Billionaires Index.”

Bezos’ deep pockets compared to Bitcoin

At press time, Bitcoin holds a market cap of approximately $166.4 billion, according to Coin360 data, showing the value of all BTC in circulation at the asset’s current price level. 

Bezos’ total net worth outpaces that number, revealing Bitcoin’s relatively small size in comparison to other markets, and even people. For further comparison, gold’s total market cap sat around $8 trillion in May 2020, based on Cointelegraph reporting

Bezos buying all available BTC

Even at his current net worth, Amazon’s billionaire CEO likely could not buy all Bitcoin in circulation. 

Bezos could purchase the available BTC held on exchange order books, Genesis Genesis Mining’s head of mining operations, Philip Salter, speculated to Cointelegraph for a previous story. The activity, however, would likely drive up the asset’s price and remove liquidity from the market. Additionally, some people may not be willing to sell their BTC, while some others have lost their Bitcoin over the years, unable to access it. 

Derivatives trader and YouTuber Tone Vays also weighed in with similar thoughts on the matter for a separate article. “He would drive up the price of Bitcoin to the point where he could no longer afford it,” Vays said of Bezos back in April.

Source: https://cointelegraph.com/news/amazon-ceo-bezos-now-has-more-money-than-bitcoins-market-cap

Continue Reading
Gaming5 mins ago

Unboxing: Pan Am board game

Blockchain18 mins ago

Bitcoin Price Analysis: BTC Plunges $300 in 2 Hours, Here’s Why

Blockchain18 mins ago

Bitcoin Data Not Protected by 4th Amendment, US Court Rules

Publications27 mins ago

BMW wants to sell subscriptions to in-car features

CNBC45 mins ago

Bar owners reckon with costly stop and starts as states close them down again

venezuela-raises-petrol-prices-mandates-support-for-petro-at-gas-stations-3.jpg
CovId1948 mins ago

How Ghislaine Maxwell lived a ‘life of privilege’ on the run

Gaming50 mins ago

Flash games site Kongregate will stop accepting submissions on July 22nd

Gaming51 mins ago

Apex Legends Dev Explains Issue With Loba’s Teleport

AI52 mins ago

Goldman explains Apple Card algorithmic rejections, including bankruptcies

AR/VR1 hour ago

Meet: Immertec

Blockchain1 hour ago

Amazon CEO Bezos Now Has More Money Than Bitcoin’s Market Cap

Blockchain1 hour ago

Venezuela’s Madura Shafted From Gold Storage, Self-Sovereign BTC Shines

CNBC1 hour ago

Moderna stock falls by as much as 9.4% after report says late-stage coronavirus vaccine trial delayed

venezuela-raises-petrol-prices-mandates-support-for-petro-at-gas-stations-3.jpg
Publications1 hour ago

There will be risks to reopening schools, but we have to be realistic: AEI’s Riley

venezuela-raises-petrol-prices-mandates-support-for-petro-at-gas-stations-3.jpg
CovId191 hour ago

Celsa Steel gets UK’s first Covid-19 corporate bailout

IOT1 hour ago

Wireless DSLR controller with Feather #3DPrinting #3DThursday

CNBC1 hour ago

Bipartisan Senate bill would punish retailers for refusing cash payments

CNBC1 hour ago

Biden challenges Trump’s sunny picture of the U.S. economy as coronavirus cases surge

Blockchain1 hour ago

Coinbase’s “Data Plumber” Denies All Allegations

CNBC1 hour ago

Accused Jeffrey Epstein sex crimes accomplice Ghislaine Maxwell arrested at $1 million New Hampshire home

venezuela-raises-petrol-prices-mandates-support-for-petro-at-gas-stations-3.jpg
CovId191 hour ago

Arlene Foster calls on deputy to step down in social distancing row

Blockchain1 hour ago

US Banking Regulator Invites Innovators to Talk Tech Virtually

Cannabis2 hours ago

4 Tips to Keep Your Dog Healthy

IOT2 hours ago

An Off-The-Grid Instant Messaging Plattform

venezuela-raises-petrol-prices-mandates-support-for-petro-at-gas-stations-3.jpg
CovId192 hours ago

Global report: WHO official says no large hidden toll in Africa

Blockchain2 hours ago

Chinese Bitcoin Billionaire and Bitfinex Shareholder Zhao Dong Reportedly Held In Inquiry

Blockchain2 hours ago

Bitcoin’s price & protests: Linked by larger ‘macro-spirit?’

Cyber Security2 hours ago

Making Sense of EARN IT & LAED Bills’ Implications for Crypto

Blockchain2 hours ago

The Word Stimulus Means “Buy Bitcoin” For This Exec

Gaming2 hours ago

Pokemon Go July 2020 Community Day Detailed

Cyber Security2 hours ago

Anatomy of a Long-Con Phish

venezuela-raises-petrol-prices-mandates-support-for-petro-at-gas-stations-3.jpg
Publications2 hours ago

June jobs number does not reflect pain Americans are feeling: Marc Morial

CNBC2 hours ago

NIH says rapid coronavirus testing will allow Americans to attend sporting events this fall

Gaming2 hours ago

Best Fourth Of July Sales 2020: Games, Cheap Monitors, 4K TVs, And More

CNBC2 hours ago

A breakdown of where the jobs are coming back and where they may never fully return

venezuela-raises-petrol-prices-mandates-support-for-petro-at-gas-stations-3.jpg
Covid192 hours ago

Leading democracy campaigner Nathan Law leaves Hong Kong

Gaming2 hours ago

‘Cyberpunk 2077’ ditches its wall-running mechanic

Blockchain2 hours ago

Expert Recovers $4K From Shoddy Crypto Phishing Scam

Venture Capital2 hours ago

Ubisoft’s Hyper Scape is a sci-fi battle royale with audience participation

AI2 hours ago

AI system learns to model how fabrics interact by watching videos

Trending