P2P Crypto Trading Volume Increased 2800% in South Africa, Says Paxful

Peer-to-Peer (P2P) cryptocurrency trading platform Paxful has seen 2,800% more trades in South Africa this month compared to October 2018. Demand for crypto sharply increases in S.A. Paxful announced the growth of its South African user base in a blog post published on Oct. 28. In the post, the company also notes that Johannesburg, Pretoria and Cape Town are the three cities that see the highest numbers of users. Paxful adds that the overall number of trades in the African continent also increased by 64% when comparing the current month…

Bitcoin Price Tackles $9.5K as Analysts Spot Potential Breakout Signal

Bitcoin price (BTC) was challenging $9,500 on Oct. 29 as the largest cryptocurrency preserved its higher levels after a bullish breakout over the weekend. Cryptocurrency market daily overview. Source: Coin360 Analyst: Bitcoin suggests further upside on the cards Data from Coin360 showed BTC/USD repeatedly attempt a fresh push past $9,500 on Tuesday. The level seemed difficult to crack, however, with each break towards $9,600 met with rejection.  At press time, Bitcoin was circling $9,430, volatility remaining after a sudden drop to $9,200 earlier in the day.  Bitcoin seven-day price chart.…

The Future of Cryptocurrencies in the UK Hangs on FCA’s Decision

Since the days of the British Empire, the United Kingdom has been one of the world’s largest and most influential economic powerhouses. Even though its financial control over the world has substantially decreased, the country is still one of the most culturally relevant regions in the world, especially when it comes to the adoption of a trend.  A survey by London-based law firm Michelmores LLP revealed that 20% of affluent millennials in the United Kingdom have invested in Bitcoin (BTC) and other cryptocurrencies. Keeping this in mind, when the U.K.’s…

Worldwide Google Searches for ‘Bitcoin’ Hit 3-Month High

Worldwide Google searches for “Bitcoin” (BTC) — currently worth $9,400 — are now near a three-month high, according to Google Trends. Current interest is at the highest level since early August, when BTC price was around $11,700. Africa leads in searches for “Bitcoin” Notably, three of the top five regions reporting the most searches for the keyword in question are located in Africa. The top five regions are Nigeria, South Africa, Austria, Ghana and Brazil. As reported earlier today, peer-to-peer cryptocurrency trading platform Paxful said its volumes grew 2,800% over…

Government Official Expects To Mine 20% Of The World’s Bitcoin

A Bitcoin mining company owned by Russia’s internet ombudsman is planning to open a new facility and corner 20% of the international market. Internet ombudsman targets BTC As local financial news outlet RBC reported on Oct. 29, Russian Mining Company (RMC) plans to repurpose a metal factory in the country’s northern province of Karelia.  Closed due to US sanctions in 2018, the ex-Rusal facility could soon host a Bitcoin (BTC) mining farm so large it could account for one-fifth of global output. “Our idea consists of converting the factory and…

Cryptocurrencies Like Bitcoin are Not Real Money: German Parliament

Cryptocurrencies such as Bitcoin (BTC) are not real money, according to a statement published by the German federal parliament on Oct. 28. Not a payment vehicle, not a store of value Per the announcement, the assets offered by the current cryptocurrency landscape — such as Bitcoin — provide only a very limited portion of the features expected of traditional money. The statement – titled “Crypto tokens are not real money” – is based on an answer provided by the German federal government to a question from the Free Democratic Party…

Deloitte Integrates QEDIT’s Privacy Tech Into Its Blockchain Platform

Big four auditing firm Deloitte integrated the privacy developed by cryptography startup QEDIT into its qualification information blockchain platform Eduscrypt, a press release shared with Cointelegraph on Oct. 29 reveals. Per the release, the announcement was made at the ZKProof Community Event in Amsterdam today. Another application of ZK-Proofs The event was dedicated to Zero Knowledge Proofs (ZK-Proofs), an advanced kind of cryptography — which QEDIT’s solution uses — that allows to verify data without actually revealing it. The platform that has been updated to enhance its privacy is Deloitte’s…

Samsung Adds Support for Tron Network to Blockchain Dapp Store

Tron founder Justin Sun will appear on stage at the Samsung Developer Conference on Wednesday to announce a new partnership between his crypto company and the telecom giant. Tron will be integrated into the software development kit (SDK) of the Samsung Blockchain Keystore, which helps users manage private keys. The SDK allows coders build with the Tron network by giving them direct access to the blockchain via Samsung devices. It’s still unclear how this partnership changes anything for TRX token users, beyond wallet support. In the days leading up to the announcement,…

Canaan Creative Files for $400 Million IPO in the US

Over the past few years, a whole new ecosystem has emerged due to the staggering growth enjoyed by Bitcoin, and one of the more well-known constituents of that ecosystem is Bitcoin miner maker Canaan Creative. In a new development, it has emerged that Canaan has decided to go public in the United States. Listing on Nasdaq The company wants to be listed on NASDAQ, and according to the documents filed by Canaan, it wants to raise $400 million from the listing. Bitcoin mining is the backbone on which the entire…

FTX Launches Futures on Index of 8 China Cryptos Amid Xi Blockchain Pump

Derivatives exchange FTX has launched an index of eight popular China-based cryptocurrencies. Announced in a tweet by the firm’s CEO Sam Bankman-Fried Tuesday, the Dragon Perpetual Futures Index (DRGN-PERP) tracks a basket of coins including BTM, IOST, NEO, NULS, ONT, QTUM, TRX, and VET, based on a weighted average of their respective prices. FTX is also offering traders exposure to the coins in the form of perpetual futures contracts based on the index. Traders will be able to leverage these contracts up to 101 times, Bankman-Fried told CoinDesk. The exchange – which…