Ripple CTO tries to offer answers for lack of adoption

Amid a difficult year for the payments-focused cryptocurrency, Ripple’s CTO David Schwartz has recently taken to Twitter to discuss with community members why banks have been reluctant to adopt XRP as a bridge. During an exchange with a member of the Ripple community last week, Schwartz explained that there are a set of obstacles Ripple is facing that has led to banks’ reluctance to use XRP to settle cross-border transactions. Schwartz wrote that he sees issues such as, “Regulatory uncertainty, last mile problems, fear of reprisals from existing partners,” as…

Despite 50% Drop From $20 Highs, Chainlink Whales Remain Bullish

Chainlink (LINK) has undergone a strong rally since the lows set in September. The price of the leading cryptocurrency currently trades for $11.50. LINK is up 3% in the past 24 hours, outperforming Bitcoin, XRP, Binance Coin, and a series of other top altcoins. Even still, LINK is trading just under 50% below its all-time high above $20. On-chain data shows that investors in Chainlink remain extremely bullish, as they are accumulating the coin en-masse. Related Reading: Here’s Why Ethereum’s DeFi Market May Be Near A Bottom Chainlink (LINK) Investors…

Analyst Claims XRP has Room for a 100% Rally as Whales Accumulate

Bitcoin’s price action as of late has been incredibly bullish, but altcoins like XRP and Ethereum have continued their descents as traders and investors alike both set their sights on the benchmark cryptocurrency. One trader is now noting that XRP – which is currently trading at multi-year lows against its BTC trading pair – could be on the cusp of seeing some massive upside. He believes that the prolonged bout of consolidation seen by the embattled altcoin could mark an accumulation phase followed by a parabolic move higher. On-chain data…

Should History Repeat, the Bitcoin Price Is About to Go Parabolic

Bitcoin has undergone a 25% rally over the past two weeks as buying pressure in the digital asset market has heated up. The leading cryptocurrency currently trades for $13,800, far above the $9,800 lows seen in September. Analysts think that Bitcoin has room to extend to the upside in the months ahead. One crypto-asset chartist shared a chart on November 1st indicating that a pivotal macro technical indicator shows Bitcoin may soon go parabolic. Related Reading: Here’s Why Ethereum’s DeFi Market May Be Near A Bottom Bitcoin Could Soon Go…

14k Breached, UNI Voters Say “No,” Trump Gets Hacked:Hodler’s Digest, Oct. 26–Nov. 1

Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.   Top Stories This Week   Bitcoin price hits $14,000 — Exactly 12 years after white paper released On Oct. 31, 2008, Satoshi Nakamoto released a white paper setting out his vision for Bitcoin. Fast forward 12 years, and BTC has hit $14,000 for the first time since January…

Here are 4 Reasons Why One Analyst is Shorting Bitcoin’s Latest Rally

Bitcoin has been falling within a consolidation phase throughout the past few days and weeks, with buyers and sellers reaching an impasse as it trades around $13,800 The rest of the cryptocurrency market has been declining throughout the past few days, with the DeFi sector being hit particularly hard This weekend has proven to be particularly positive for Bitcoin, but one analyst is cautious regarding its longevity He points to 4 particular factors that indicate some downside could be imminent for the benchmark cryptocurrency in the days ahead Bitcoin has…

‘I got Bitcoin!’ — trick-or-treaters rewarded with crypto

While many children dressed as ghosts, goblins, and witches last night may have been disappointed to find an inedible thin piece of cardboard left out in a goodie bag, a lucky few recognized the treat as a Bitcoin prize.  According to an Oct. 31 tweet from Brad Mills, the crypto user filled a Halloween candy box with more than just chocolates and sweets — he also added $200 in Bitcoin (BTC) cards. Mills posted a video of him adding the two gift cards, each worth roughly 0.007 BTC following the…

Declaring a crackdown? What to make of the DoJ crypto framework release

The United States Attorney General’s Cyber-Digital Task Force recently unveiled the result of its months-long effort to evaluate emerging cryptocurrency-related threats and articulate law enforcement strategies for countering them. The resulting guidance leaves the reader with an impression that its authors have a sound understanding of how the focal asset class works as well as a certain fixation on the ways it can be misused, as some observers contend. In the highly charged atmosphere of the final weeks before the presidential election, with high-profile enforcement actions against the people behind…

BTC, BNB, ADA, BCH, LINK

Bitcoin (BTC) has rallied about 90% year-to-date and has risen close to 191% from its March lows. The rise has been gradual without much fanfare, which suggests that crypto believers are the ones who have been buying in 2020. October’s monthly close at $13,798.99 is the highest ever, surpassing the December 2017 close at $13,789.68. The strong performance of Bitcoin may now attract the momentum players and the speculators who look to benefit from the strength. Crypto market weekly performance data. Source: Coin360 If that happens, then Bitcoin could pick…

Warren Buffett praises stocks Dollar-cost averaging — but does it work for Bitcoin?

Warren Buffett has a message to young investors: dollar-cost average into major stock market indices. However, data shows that the same strategy has worked quite well for Bitcoin (BTC) too over the past decade. The term dollar-cost averaging or DCA refers to a strategy when an investor divides up the total amount to be invested into periodic purchases of the given asset. The theory behind this investment strategy is that when an asset goes up or down, investors can benefit from both reducing the negative impact of price volatility. Buffett…