Once again the Twitter account of a well-known Tesla’s founder became a reason for fierce debates unrolling within the global community. This time Elon Musk has caught attention of the crypto-public while touching the theme in one of his tweets.
Tweet’s Background
It all has started with Musk confessing his deep endearment to anime, a peculiar style of animation originated from Japan. In response to his lighthearted tweet full of anime love, Musk has suddenly got a serious inquiry, asking whether Tesla’s creator is going to embed a two-factor authentication into his company’s accounts.
Wanna buy some bitcoin? 😉😉
— Elon Musk (@elonmusk)
Given a widespread adoption of the two-factor authentication amidst the crypto-sphere where lots of cryptocurrency companies and exchanges such as , are actively utilizing the system for security purposes, Musk thought it is a good idea to refer to bitcoin.
Tesla to Accept bitcoin Payments?
For that purpose Musk has picked out a picture of Sailor Moon, the lead character from an extremely successful 1990s manga series that is still popular to this day, wearing clothes endorsing bitcoin, in front of a bitcoin logo. He also tagged his girlfriend Grimes in the tweet, who is a successful Canadian singer and songwriter.
The tweet has immediately started trending on social media, garnering thousands of likes and retweets within hours of being posted. Many cryptocurrency enthusiasts ask about whether Tesla would be accepting certain cryptocurrencies and others took the opportunity to advertise cryptocurrency projects that they believed in.
It did not take long until the Binance CEO had joined the discussion. Zhao Changpeng offered to buy a Tesla for cryptos, wondering whether Musk’s company will accept it. Apparently, that was an attempt to get Musk involved deeper with virtual coins.
Lol, it's spreading. I will buy a Tesla if you accept crypto…
— CZ Binance (@cz_binance)
Musk’s Frozen Account
Yet, it is better not to joke about bitcoin anywhere around Twitter, as the network remains the only one of the ‘big three’ internet players including Google and Facebook, which instigated crypto ad bans not to have reversed its decision to any extent. Both Facebook and Google, having drawn similar ire, later revealed they would relax their restrictions.
Twitter believing Musk’s account was hacked over his bitcoin message, immediately blocked his 20 million onboarded account. It was later confirmed by Musk in a separate tweet:
Twitter thought I got hacked & locked my account haha
— Elon Musk (@elonmusk)
The Twitter concerns are rather obvious, since Musk is far from being the only celebrity whose identity has been spoofed by those seeking publicity for dubious crypto-offers. The list includes such prominents figures as President Trump, Bill Gates, Warren Buffet and John McAfee.
However, despite the Twitter’s strict measures to cease crypto-advertising, company’s CEO Jack Dorsey, who also leads pro-bitcoin payment gateway Square, has adopted a highly-bullish outlook on bitcoin’s future, suggesting it could become the world’s “single currency” by 2028.
The post appeared first on .
Wise men say that all of the novelty needs to be treated with caution. Being, perhaps, the most intriguing breakthrough of their times, cryptocurrencies at once spark a lot of fear and admiration. Therefore the global community decided to step into carefully, saving time for a deeper consideration of the inner sense of such an ambiguous fenomenon.
For Japan it took a couple of months before the country’s Financial Services Agency (FSA) agreed on a regulatory framework suitable for the crypto-sphere. Today it has become known that Japanese primary financial regulator delegated the rights to control and monitor the crypto-industry to a group of 16 crypto-exchanges that was legally recognized as a self-regulatory body.
What is the Japan Virtual Currency Exchange Association?
Earlier Coinspeaker that the group also known as the Japan Virtual Currency Exchange Association (JVCEA) submitted an application to the FSA with a view to become a “certified fund settlement business association”. In case their application is approved, a self-regulatory body of 16 formally licensed Japanese crypto-exchanges would be formed.
The organization is pursuing a goal to fight against illegal activities taken place in the industry in accordance with tough self-imposed rules and practices. The idea of JVCEA has emerged in the aftermath of infamous heist of the major cryptocurrency exchanges operating in Japan.
Seeking to protect their own funds as well as money of their customers Japanese exchanges have joined forced to combat insider trading and money laundering while creating security standards and guidelines for domestic exchanges.
The JVCEA to Police Domestic Exchanges
The decision made by the FSA was a long-awaited one that signals the government has finally laid down their weapons allowing the industry to take care of itself. During a briefing a senior FSA official said:
“It’s a very fast moving industry. It’s better for experts to make rules in a timely manner than bureaucrats do.”
In a statement following the FSA approval, the cryptocurrency industry association reassured the public that it will make further efforts to build an industry trusted by customers. This comes very timely since Japan is going to back the reputation of blockchain-friendly county, which is welcoming every technological innovation made in the sphere.
The JVCEA has reportedly drawn up a 100-page self-regulatory draft with rules including a proposal a complete ban on insider trading and privacy coins like Monero and Dash from licensed exchanges. The association has also proposed a 4-to-1 limit on margin trading with cryptocurrencies, restricting the amount of funds investors can borrow on their original deposit.
The FSA’s approval of a cryptocurrency self-regulatory body comes at a time when Japanese authorities are reviewing that will facilitate tax filing and make it easier for taxpayers to calculate their profits on the sales of digital assets against both fiat currencies and other cryptocurrencies.
The post appeared first on .
price may increase above $111 this week;
Monero may resume downtrend movement;
Consolidation is ongoing.
XMR/USD Price Long-term Trend: Ranging
Distribution Territories: $111, $119, $126,
Accumulation Territories: $97, $86, $76
/USD is ranging in its long-term outlook. On October 15, the bulls increased their momentum and XMR price rallied to the north with a massive strong bullish candle which broke distribution territories of $119, $126. Uptrend movement was interrupted at the distribution territory of $136. The bears came into the market immediately and push XMR down below the distribution territory 0f $111 and started consolidation since October 17.
XMR price has been trading within the bound range of distribution territory of $111 and the accumulation territory of $97. Neither bulls nor bears have gotten enough momentum to push the XMR price above the territory of $111 and below the accumulation territory of $97 respectively.
The XMR price still remains below the distribution territory of $111. For Monero price to break out from this bound range zone, the bulls have to increase their momentum and rally to the north by break the distribution territory of $111, expose the distribution territory of $119.
The 4-day EMA is below the 50-day EMA with the coin in between on the daily chart. The MACD with its histogram is below zero level with the signal lines points to the north indicates buy signaling.
XMR/USD Price Medium-term Trend: Ranging
The coin is ranging in its short-term outlook. Monero continues in its ranging state as long as XMR price remains within the bound range of distribution territory of $111 and accumulation territory of $97. In case the distribution territory of $111 hold and the bears increase their pressure, the accumulation territory of $97 will be broken and the coin will resume downtrend movement.
The 4-day EMA has crossed 50-day EMA upside. XMR is above 4-day EMA while 50-day EMA is below the 4-day EMA which indicates that there is a probability for the continuation of upward movement this week should the bulls increases their momentum. MACD with its histogram and its signal lines are above the zero level with the signal lines point to the north indicate buy signal.
The post appeared first on .
In this edition of The Daily, we look at Square’s recent decision to open-source its Subzero cold storage solution. We also focus on Bitcurate’s new cryptocurrency market intelligence service, as well as the chat platform that Coin Stats is launching for cryptocurrency investors and coin teams.
Also read:
Square Shares Code, Tools and Documentation
Square, a mobile payments app developer, is open-sourcing the documentation, code, and tools for Subzero, the platform’s cold storage solution for cryptocurrency holdings. Subzero uses hardware security modules () — specialized devices that store sensitive data — to perform operations with the private keys of cryptocurrency wallets.
Last year, started offering customers the option to buy, sell and withdraw bitcoin core (BTC) with its Cash App. Users can view their holdings whenever they want, but the company claims it keeps only a small amount of customers’ coins in online hot wallets to facilitate transactions, while storing the rest in offline cold wallets. Other security features include the ability to customize the service, so the cold wallets can only send funds to Square’s hot wallet, as well as the implementation of multi-signature procedures.
“Since launching bitcoin support, Square developed a robust approach to bitcoin cold storage, and we recognize the importance of sharing our work with the community,” the company explained in a statement on Medium. “As a result, today we’re open-sourcing the documentation, code, and tools for Subzero, our HSM-backed solution for protecting Square’s bitcoin holdings.”
Bitcurate Starts Crypto
Market Intelligence Service
Bitcurate, a Chinese company that provides cryptocurrency data intelligence solutions, launched a new crypto market intelligence platform this week. The service combines expert analysis with natural language processing and machine learning technology to provide investors with real-time market insights. The platform aggregates information from news sources, social media platforms, chat groups and online forums. It also utilizes data from traders, exchange , the crypto futures market, and other financial instruments. In total, the company claims that it processes more than five million sentiment data points per day.
Bitcurate acknowledges that a lot of trading decisions are motivated by mere “noise.” However, it also claims that roughly 90 percent of movements in the cryptocurrency market are purely driven by sentiment.
“The best investment strategies are data-driven,” said Bitcurate CEO Victor Lee in an online statement. “However, the market today is fragmented, making it difficult and time-consuming for investors to find the accurate, wide-ranging information they need to make calculated decisions. That’s why our platform tracks millions of data points every day.”
Bitcurate offers its subscribers a range of trading data for the cryptocurrencies they are specifically interested in, including real-time exchange rates, sentiment scores and recent price changes, as well as the latest news from the cryptocurrency space. In addition, the platform ranks digital coins according to their U.S. dollar value and trading volume.
Bridging the Communication Gap
The developers of Coin Stats, a cryptocurrency portfolio tracking app, have launched a new feature that will allow users to chat with other cryptocurrency enthusiasts, digital asset investors and developers. Coin Stats Direct will maintain chat groups dedicated to specific cryptocurrencies within its Coin Stats application. The platform will allow users to post questions about different projects and start discussions. Project teams, on the other hand, will be able to post updates about their coins, while also fielding questions from the public and providing users with the latest information about their progress of their initiatives.
is designed to bridge the communication gap that exists between investors and coin teams. It aims to increase transparency in the cryptocurrency space by connecting project teams and users. The platform will initially support nine coins: bitcoin cash (BCH), bitcoin core (BTC), ether (ETH), ripple (XRP), EOS, NEO, stellar (XLM), vechain (VET) and appcoins. The company said it plans to add other cryptocurrencies and tokens to its platform in the near future.
What are your thoughts on today’s news tidbits? Tell us in the comments section below.
Images courtesy of Shutterstock, Bitcurate.
Now live, . A comprehensive, real-time listing of the cryptocurrency market. View prices, charts, transaction volumes, and more for the top 500 cryptocurrencies trading today.
The post appeared first on .
