You Can Buy a Fraction of Berkshire Stock or ‘Stack Sats’

Jack Dorsey, CEO of Twitter and Square, announced that Square’s Cash App is poised to enable users to purchase fractions of stocks — with an entry of as little as $1. In a tweet posted on Oct. 24, Dorsey wrote: “Now anyone can buy $42 or even $1 worth of Berkshire Hathaway A ($BRK.A, or $TSLA or $SFIX or…) instantly and for free right in @CashApp. Really proud of the team for making buying stocks and building wealth accessible to more people. Rolling out now! @WarrenBuffett!” Unspoken ironies As CashApp’s…

Bitcoin Price Returns to $7.6K as Markets Reaffirm New Support Levels

Bitcoin (BTC) hit $7,600 on Oct. 25 after a spell of bullish upward action saw 2% gains occur in a matter of minutes.  Cryptocurrency market daily overview. Source: Coin360 Bitcoin reaches local high close to $7,650 Data from Coin360 showed BTC/USD passing the $7,600 mark across major exchanges, going on to challenge $7,650 before correcting.  At press time on Friday, Bitcoin was fluctuating around the new levels, still down around 8% versus the beginning of the week.  Bitcoin seven-day price chart. Source: Coin360 The latest in a series of abrupt…

Tether Catching Up With BTC and ETH in Payments, Bloomberg Reports

Stablecoin Tether (USDT) is gaining popularity as a payment method, with some analysts seeing it catching up with Bitcoin (BTC) and Ether (ETH). As Bloomberg reported on Oct. 25, cryptocurrency payments processor CoinPayments registered the rapid increasing of popularity of Tether — a stablecoin pegged 1:1 to a United States dollar — as a means of payment. On the site, which has a 2.4 million user base, Tether currently accounts for 30% of volume, which is 30 times more than a year ago. Tether undermines Ether’s leadership? Bitcoin application as…

Privacy-Focused Cryptos Hunted Down by Forensics and Exchanges

As Japan and South Korea — two of the largest cryptocurrency exchange markets in Asia — are increasingly pressuring exchanges to delist privacy-focused crypto assets, and concerns are rising that it could lead to more markets, at least in Asia, to follow the trend of the two major countries. Meanwhile, Blockchain analytics firms like CypherTrace appear to be developing technologies to better understand the structure of privacy-focused coins and to trace transactions initiated by cryptocurrencies. Speaking to Cointelegraph, a spokesperson for CypherTrace said that the company expects to see some…

Nearly 12% of All Tether Is Now on Tron After $100M Chain Swap

The amount of Tether (USDT) tokens issued on the Tron (TRX) blockchain now accounts for nearly 12% of all USDT tokens. 350 million to 450 million in one day Launched in mid-April 2019, TRC20-based USDT has hit a total supply of over 490 million tokens on Oct. 25, which now makes up almost 12% of the 4.1 million Tether tokens currently in circulation, according to data on Tronscan. TRC20-based USDT on Tronscan The new total supply milestone resulted following the addition of 100 million new TRC20-based USDT tokens, as the…

Bitcoin Price Skyrockets $500 in Minutes as Bakkt BTC Contracts Hit Highs

Bitcoin (BTC) surged $500 in just five minutes today after experiencing a sharp drop on Oct. 23, from $7,950 to $7,450 and sitting at the position for two consecutive days. Cryptocurrency market daily overview. Source: Coin360 According to the data from Coin360, BTC gained $536 in minutes, skyrocketing from $7,855 to $8,391. At press time Bitcoin is trading at around $8,424, up nearly 13% over the past 24 hours. Bitcoin 24-hour price chart. Source: Coin360 While the reason behind the recent drop is not clear, some community members attribute Bitcoin’s latest surge…

Final Russian Nuclear Scientist Jailed For Mining Bitcoin At Work

A Russian scientist and former employee at the nation’s premier nuclear research facility was jailed on Oct. 24, for his part in a scheme to secretly mine Bitcoin using the facility’s supercomputers.  Stealing energy and computing power from your employer According to an Oct. 25 report by RT, former employee Andrey Rybkin was sentenced to 3 years and three months in prison, for the “unauthorized use of computer capabilities.” Two of his colleagues were previously fined for their roles in the plot, with one also receiving a suspended prison sentence.…

WeChat Pay Using Blockchain to Track Payments, Says Binance CEO

Binance CEO Changpeng Zhao (CZ) took to Twitter on Oct. 25, saying that he had “got word” that WeChat Pay puts receipts on the blockchain, along with a screengrab of a receipt with a link to a block explorer. Why does CZ care so much? Globally, companies in almost every industry are implementing blockchain solutions, so why should CZ feel the need to comment on this one? Perhaps it has something to do with a story from earlier this month, in which CZ announced the launch of payment on-ramps for…

After 6-Hour Libra Grilling, Congress Unconvinced

On Oct. 23, Mark Zuckerberg, founder and CEO of social media platform Facebook, appeared before the U.S. House Financial Services Committee to testify on the prospective global cryptocurrency Libra, which his company is backing. He ended up enduring almost six hours of mostly critical questioning, as some of the legislators used the occasion to raise their concerns about many problematic aspects of Zuckerberg’s social media empire, even those not directly related to the cryptocurrency’s operation. Those who expected the hearings to shed light on many substantive questions regarding Libra’s design…

Bitcoin Price Skyrockets to $8.7K Confirming Previous Bottom Signals

Bitcoin (BTC) price just made a $1,200 rally towards $8,700, leaving bears and shorts behind. Several signals were pointing towards a potential trend shift and price reversal, while the overall market sentiment was still extreme fear.  Crypto market data. Source: Coin360 The majority of the market was looking for lower levels to buy and most often when the majority expects one thing, the opposite happens. However, what were the reasons behind this latest push? CME gaps closed and Bakkt volume kicks in BTC/USD CME chart. Source: TradingView Gaps on charts…