Bitcoin Price Hovers Above $8,000 While XRP Jumps 5% on the Day

Thursday, Oct. 17 — Bitcoin (BTC) is hovering just above the $8,000 price mark, while XRP shows impressive gains on the day. Cryptocurrency market daily overview. Source: Coin360 For most of the day, the world’s largest cryptocurrency has been trading within a tight range between $8,000 and $8,100. BTC traded from an intraday low of around $8,010 up to $8,135 before hitting its current trading price of $8,062, showing a subtle gain of around 1% in the past 24 hours. Cointelegraph reported today that notorious crypto skeptic Nouriel Roubini had finally…

What Facebook CEO Mark Zuckerberg Said in His Defense of ‘Free Expression’

Facebook CEO Mark Zuckerberg defended free expression in a speech at Georgetown University on Thursday. “[The internet] allows people to share things that wouldn’t have been possible to share before,” he said. However, “we’re seeing people across the spectrum try to define more speech as dangerous because it may lead to political outcomes that they see as unacceptable.” Freedom of expression and censorship-resistance may be sacrosanct for cryptocurrency advocates. But Zuckerberg did not link his free-speech concerns to his company’s Libra cryptocurrency project, nor did he stake out an entirely…

Facebook’s Libra Just Got Its First Major Supporter in Congress

Amid a sea of scorn, one U.S. Senator is praising Libra. Sen. Mike Rounds (R-S.D.) wrote a letter to Libra Association member Anchorage, a South Dakota-based trust company, endorsing the Facebook-led project and citing it as an example of a technological advance he feels is needed to aid U.S. consumers. Rounds also pushed back against a more “ominous” letter penned by Senators Brian Schatz (D-Hawaii) and Sherrod Brown (D-Ohio), warning the CEOs of Mastercard, Visa and Stripe that they may come under increased regulatory scrutiny should they continue participating in…

Cointelegraph Blocked in Russia | Cointelegraph

Cointelegraph’s website has become widely inaccessible in Russia as authorities added the domain to a registry of blacklisted sites. The blacklist Although Cointelegraph has been publicly on a list of blocked sites since 2017, it was only yesterday, October 16, that the Russian Federal Service for Supervision of Communications, Information Technology and Mass Media, more commonly known as Roskomnadzor, implemented the block on a technical level.  The developer of a popular Russian anti-censorship browser extension, who wishes to remain anonymous for security reasons, confirmed the block to Cointelegraph. “The URL…

US Senator Finds Negative Reactions to Facebook’s Libra ‘Puzzling’

United States Senator Mike Rounds expresses his support for Facebook’s Libra coin in a letter sent to Libra Association member Anchorage Trust company. United States payment systems in its infancy On Oct. 17, U.S. Senator Mike Rounds wrote to Nathan McCauley, president of crypto custodian company Anchorage Trust, where he expressed his concerns that other parts of the world are “dwarfing” the United States in innovative payment technologies.  The Senator points to the people’s Republic of China, where 80% of consumers used mobile payment systems last year, compared to only…

Bank of Canada Exploring Possibility of Launching a Digital Currency

Bank of Canada, the Canadian central bank, is exploring the possibility of launching a digital currency that would replace cash and track how people spend their money. The aim of the proposed currency would be to mitigate the “direct threat” posed by cryptocurrencies to the economic sovereignty of governments and central banks, an issue that has featured prominently in the headlines recently amidst intense regulatory pushback on Facebook’s proposed coin, Libra. The proposal was pitched to Stephen Poloz, Governor of the Bank of Canada, and its board of directors in…

Losing Small Is Key To Long Term Success

In my fourth trade journal, I am updating my previous Bitcoin (BTC) position as well as discussing the reasons that I have reentered a new long position on the same asset. I am also highlighting a quick loss on Ravencoin (RVN), which dropped alongside Bitcoin. As I often say, this loss is proof that you win some and you lose some. What matters is that you lose small. BTC/USD As mentioned previously, I took a swing position in Bitcoin on Sept. 26 at $7,914. I exited 50% of the trade…

Qtum’s First-Ever Hard Fork Qtum 2.0 Is Now Active

Major Proof-of-Stake (PoS) blockchain Qtum has gone through its first-ever hard fork today, updating the network to Qtum 2.0. Major network upgrade Qtum blockchain has had its first hard fork as scheduled, Qtum Official tweeted on Oct. 17. The hard fork happened at block 466,000, upgrading the Qtum network to unlock a number of significant features such as smart contract and block spacing improvements, as previously announced by the firm. According to Qtum blockchain explorer Qtum Insight, the number of blocks on Qtum blockchain has crossed the 466,000 mark, amounting…

What Does Skepticism for Libra Say About Bitcoin?

Facebook’s dream of being a cryptocurrency giant is seemingly becoming more distant by the day, as increasing regulatory uncertainty continues to jeopardize the company’s Libra project. While Libra has been surrounded by anything but good news even before its launch, crypto watchers should ask themselves, Does Bitcoin need Libra to thrive at all? A crypto world without Libra — is that a good thing or not? What would a no-Libra crypto world be like, and how would that impact Bitcoin? Scrutiny Despite its innovative approach and its ambition as a…

Telegram to Delay the Launch of TON Due to SEC Meeting

Over the past few years, Telegram has become an important part of the crypto ecosystem due to its use as a communication platform for traders as well as market enthusiasts. Hence, it did not come as a complete surprise when the encrypted messaging service platform announced the launch of its own blockchain, the Telegram Open Network (TON). Major Details However, it seems to have run into issues with the all-powerful Securities and Exchange Commission. In a new development, the company told its investors that the date of the launch is…