XRP May Be Primed for a “Massive Breakout” After Reclaiming Crucial Levels

XRP has been closely tracking Bitcoin and the other major altcoins throughout the past few days. Although this helped provide it with some slight momentum earlier this week, it has since caused it to see some notable downside, as the aggregated crypto market is beginning to show some signs of weakness. That being said, there are a few technical factors that seem to indicate that the cryptocurrency is well-positioned to see significant upside in the near-term, potentially allowing it to surge higher in the coming few days. One particular analyst…

Heads of Binance.US and eToro grace Fortune’s top 40 under 40 list for 2020

Fortune picked out a number of individuals deemed as most influential for 2020, listing 40 different names across five separate sectors.  Binance.US CEO, Catherine Coley, and eToro CEO Yoni Assia found their names on the list, published on Sept. 2, under the finance section. Technology, politics, healthcare and media made up the other sections, each holding the top 40 people under the age of 40  — putting a total of 200 individuals on the list across all sectors.  Binance.US serves as the United States’ regulatory-friendly crypto trading option under exchange powerhouse…

What flash crash? ETH options still favor $500 Ethereum price

Today’s Ether (ETH) 10% dump caused its annualized futures basis to adjust after flirting with extremely optimistic territory. The basis indicator compares futures contracts price to the current level at regular spot exchanges. Healthy markets usually display a 5% to 15% annualized basis, in a situation known as contango. On the other hand, a negative basis (futures premium) usually occurs during heavily bearish markets. ETH 1-month futures annualized basis. Source: Skew The above chart shows an annualized basis on Ether futures climbing above 20% yesterday, which is usually unsustainable. The…

Digital rights non-profit is tired of the shadowy practices used by many centralized exchanges

The Electronic Frontier Foundation, or EFF, is calling out Coinbase for its lack of transparency. At the same time, the group pointed to Coinbase’s rival exchange, Kraken, as an example of responsible behavior. The EFF was founded in 1990 with the goal of promoting internet civil liberties. In today’s post, the EFF said that it has growing concerns about payment processors being forced to turn over user information to the law enforcement, while the public has no mechanisms available to audit those requests: “That’s why we are calling on Coinbase…

CEO shares an early adoption story about selling Bitcoin inside various Taco Bells

Following an earlier endeavor selling Bitcoin (BTC) at a premium on eBay in 2015, Chris Maurice, CEO of African crypto exchange Yellow Card, made a small business selling the asset at multiple Taco Bell locations. Maurice worked with his friend Justin Poiroux on the endeavor. Poiroux, who later co-founded the Yellow Card exchange, first explained Bitcoin to Maurice about two years prior. “We would post on Craigslist and on LocalBitcoins, and we would say, ‘Hey we have Bitcoin, come meet up with us and give us cash and we’ll give you the Bitcoin,’” Maurice told…

Pieter Wuille will continue to work with Blockstream despite his recent move to Chaincode Labs

Bitcoin Core developer Pieter Wuille has migrated from Blockstream to Chaincode Labs. Wuille has been with Blockstream from the beginning, having co-founded the company in 2014. When asked about Wuille’s departure, Blocksteam’s CEO Adam Back said: “Pieter’s doing what he always has — working on Bitcoin — and he’s still a Blockstream advisor and continues to collaborate with our research team Andrew Poelstra, Jonas Nick and Tim Ruffing on muSig along with independent researchers and contributors. So I think that means Blockstream contributors on MuSig research roughly going from 4/5th…

Here’s Why This Top Analyst Expects Band Protocol (BAND) to Reach New Highs

Band Protocol was an early winner in the DeFi craze, posting massive gains throughout August based on a combination of hype for oracle tokens, integration news, and exchange listings. This allowed it to surge from the lower-$2.00 region to highs of $18.00 – marking a massive rise that came about early on in the course of the ongoing DeFi bull market. Although the cryptocurrency’s momentum has since stalled, analysts are now noting that it may be well-positioned to see significantly further upside in the near-term. There are a variety of…

US federal court calls NSA’s mass phone data collection illegal

In the final decision on a criminal case that began a decade ago, an appellate court has said that the National Security Agency’s phone data collection practices were in fact illegal. They did, however, uphold the convictions in the case. According to the 9th Circuit Court’s Sept. 2 opinion in USA v. Moalin: We conclude that the government may have violated the Fourth Amendment and did violate the Foreign Intelligence Surveillance Act (“FISA”) when it collected the telephony metadata of millions of Americans. The court continued to attack the program,…

SushiSwap’s founder emphasizes that the $27M they hold is for devshare

SushiSwap, an upcoming DeFi protocol forked from Uniswap’s decentralized exchange, has grabbed numerous headlines in recent days. One such story pointed out that the project’s pseudonymous head, known only as Chef Nomi, maintains access to $27 million in Sushi tokens. Cointelegraph reached out to SushiSwap’s founder for further clarification in an attempt to ensure fair reporting, but the developer relayed their disinterest, simply responding: “I don’t have time for interviews. Sorry.” Often times projects in the crypto space have a store of funds set aside for project development and the…

Superstar Altcoin Band To Snap Back After Lower High Is Set

Following in the flaming hot footsteps of Chainlink, its closest competitor, fellow decentralized oracle solution Band Protocol had an incredible few month rally. The asset shot up to set a new all-time high, rising several hundred percent along the way. But after such a powerful and rapid rise, an elastic band effect could send the superstar altcoin snapping back toward a lower low, now that a lower high as been set on daily timeframes. Band Protocol Readies Reversal According To TD Sequential, Lower High May Mark Top For as hot…