Toyota’s IT arm works on digital token pilot with crypto exchange

Toyota Systems, the IT arm of Toyota Motor Corporation, is collaborating with Japanese cryptocurrency exchange DeCurret to develop a branded Toyota digital currency, according to an official announcement on Oct. 26. The large-scale pilot will involve 2,500 employees at Toyota Systems. The platform will feature digital currency payments for benefits. According to the announcement, participating employees will be able to exchange the digital currency for benefits points or gifts from a catalog. Toyota Systems noted that the digital currency cannot Read more …

Monday Morning Bitcoin Bull Pennant Breakout Could Target $15K

Bitcoin price this morning is back well above $13,100 after an overnight plunge pierced below resistance turned support at $13,000. The rebound from support could be enough momentum to push the cryptocurrency higher toward $15,000. Here’s the current price action as it is developing, and what could result. Bitcoin Forms Bullish Pennant, Target $15K, But Retest Must Hold Bitcoin price just surged to retest highs around $13,200 after bulls held an important retest of support at $13,000 overnight. The leading Read more …

Digital yuan will work with WeChat and Alipay, says bank exec

The forthcoming digital yuan will reportedly be compatible with major payment networks within the country.  Mu Changchun, the head of the People’s Bank of China’s digital currency research institute, said that the central bank-backed digital yuan will be compatible with major mobile payment wallets like WeChat Pay and Alipay. According to a report from South China Morning Post, Mu said during a conference that the digital yuan will not compete with WeChat Pay and Alipay: “They don’t belong to the Read more …

Analyst Calls for Yearn Finance (YFI) Rally on Bitcoin’s Stabilization Signals

As Bitcoin catches a break after exploding above $13,000 last week, it’s mid-cap rival Yearn Finance (YFI) is looking to rally higher. The prediction comes from a pseudonymous analyst on Twitter who expects a consolidating Bitcoin to disperse a portion of its bullish sentiment across the altcoin market. YFI, an alternative investment asset to Bitcoin and thousands of its offspring cryptocurrencies, could merely benefit from the capital outflow from the king crypto market. “[YFI is] honestly not looking so bad Read more …

Bitcoin Transaction Fees Spike 350% in a Month, as ETH Fees Decline

Bitcoin transaction fees are on the rise again. Fees shot up more than 350% during the last thirty days to Oct. 22. The most significant increase occurred in the last week, as the price of bitcoin soared on growing institutional interest. According to data by Bitinfocharts, it cost an average of $5.75 to send a transaction over the Bitcoin blockchain on Saturday, up from around $1.8 five days earlier. Fees peaked at $6.36 on Oct. 22, as the bitcoin (BTC) Read more …

PayPal de-platforms conservative domain registrar over ‘alternative currency’

PayPal has terminated its services to domain registrar Epik, allegedly due to a risk of money laundering through its “alternative currency” Masterbucks, according to an article on Mashable. However, in a series of open letters, Robert Davis, Epik’s senior vice president of strategy and communications has suggested that the motive behind the move is to de-platform conservative voices. Epik notably provides domain services to Gab and the Proud Boys, among other far-right websites. The Proud Boys domain was recently spoofed Read more …

Ripple CEO Brad Garlinghouse opposes Coinbase’s ‘no politics’ policy

Brad Garlinghouse, the CEO of blockchain-based payments firm Ripple, disagrees with Coinbase’s new policy restricting its employees from engaging in political discussions at work. Coinbase CEO Brian Armstrong first announced the ‘apolitical’ policy in a blog post on Sep. 27. He encouraged Coinbase employees to not indulge in political discussion and keep their focus on the company’s mission of creating an open financial system for the world. Garlinghouse disagrees, telling CNBC that technology companies have an obligation to contribute to solving Read more …

Abra CEO’s portfolio is 50% Bitcoin as cash is ‘becoming worthless’

The co-founder and CEO of major cryptocurrency company Abra is clearly bullish on Bitcoin (BTC). In an Oct. 23 tweet, Bill Barhydt, CEO of peer-to-peer payments platform Abra, claimed that he has significantly increased his Bitcoin holdings a few weeks ago. According to the CEO, Bitcoin now accounts for 50% of his total investment portfolio. Barhydt talked about his holdings on an episode of Money Talks. In an Oct. 23 YouTube live stream, Barhydt reiterated his bullish stance on Bitcoin, claiming that “Bitcoin Read more …

Most professional European investors bought digital assets or plan to

To gain a deeper understanding of how professional investors feel about digital assets, Cointelegraph Consulting has published a 70+ page research report written by eight authors and supported by SIX Digital Exchange, BlockFi, Bitmain, Blocksize Capital, and Nexo. The Discovering Institutional Demand for Digital Assets report highlights which coins wealthy investors already own and which ones they plan to buy in the coming months. The report also covers the most popular regulated funds and structured products that are designed for Read more …

Scary Bitcoin volatility? $750M in BTC options set to expire for Halloween

A big Bitcoin (BTC) volatility spike could occur by the month’s end as two major factors come into play. The BTC options market nears a massive $750 million expiration and the CME futures market’s open interest has also soared. When an options expiry nears, holders of options contracts have to adjust their contracts before or right after the expiration. Often times, that could cause volatility in the price of Bitcoin. Options open interest. Source: Skew Monthly close, options expiry, and Read more …

Analyst Explains Why Bitcoin Risks Crashing by $2K in “A Few Days”

The ongoing Bitcoin price rally risks fizzling out on a notion that the price won’t hold a psychological support level. The $2K-Crash Setup At lower $13Ks, the cryptocurrency awaits a significant sell-off, according to Mark Principato of Green Bridge Investing, an investment consulting firm in New York. The executive director cited a “potentially bearish candle” – having gone a clear upside rejection near $13,363 – to justify his downbeat outlook. You want the latest news about Crypto? Then follow us Read more …

Harvest Finance puts $100K bounty on alleged hacker

Harvest Finance, a major decentralized finance protocol, has seemingly issued a $100,000 bounty in the aftermath of a $24 millon attack targeting its liquidity pools. In an Oct. 26 tweet, Harvest Finance said that there is enough data so far to identify the attacker, “who is well-known in the crypto community.” In addition to the BTC addresses which hold the funds, there is now a significant amount of personally identifiable information on the attacker, who is well-known in the crypto Read more …