Welcome to the Daily Crypto News: A complete News Review, Coin Calendar and Analysis.
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🗞 Dollar dip meets hash rate boom: 5 things to watch in Bitcoin this week
Bitcoin (BTC) starts the week above $11,000 as fresh gains continue to hold — is $12,000 next or will bears gain control?
Cointelegraph takes five factors that could help decide whether this week is bullish or bearish for BTC price action.
U.S. election could send dollar back to 2018
Bitcoin remains sensitive to macro phenomena as Q4 continues, and the U.S. election run-up could produce noticeable turbulence.
The outcome of a Democratic win looks bleak for one macro indicator in particular: the U.S. dollar currency index (DXY), analysts say.
In a report on Oct. 12 quoted by Bloomberg, Goldman Sachs warned that Joe Biden entering the White House could spook markets in advance, driving DXY down to its lows from 2018.
Europe battles Brexit and coronavirus
Hash rate high leads Bitcoin fundamentals
Sentiment consolidates
🗞 $11 Million Worth of Satoshi-era Bitcoin Just Moved
1,000 Bitcoin has just moved for the first time since 2010.
The Bitcoin—worth over $11 million—would have been mined when Satoshi Nakamoto was still active in the crypto community.
It is unclear who owns the Bitcoin or why it was moved.
Someone moved over $11 million worth of Bitcoin that has sat idle in wallets since it was mined in 2010.
The 1,000 Bitcoin—today worth $11,425,000—moved to one address. The move was flagged by Kirill K, a professional cryptocurrency trader, on LinkedIn.
“Satoshi era” Bitcoin refers to coins mined when Bitcoin’s pseudonymous creator, Satoshi Nakamoto, was still communicating with the crypto world. Nobody's heard from Nakamoto since 2010 and his identity is still a complete mystery. Some believe—perhaps falsely—that whoever moved the coins must have been part of Nakamoto's inner circle.
🗞 Elon Musk Plays Down Sighting of Bitcoin ATM in Tesla Gigafactory
Elon Musk has thrown doubt on a claimed sighting of a bitcoin ATM at the Tesla Gigafactory in Nevada.
The ATM was first claimed to have been sighted by Twitter user Will Reeves who posted on Sunday that he had "just passed by and saw @elonmusk has a bitcoin ATM at the Gigafactory."
The tweet was accompanied by a Google maps image revealing the location of the ATM on the northern side of the massive factory complex.
According to a Sunday report by Finbold, the ATM was installed by LibertyX in August of this year solely for the use by employees of the factory.
🗞 DeFi Governance Tokens Face Three Challenges
DeFi hasn’t always been particularly decentralized, with many of the major platforms and projects beginning with core teams who controlled their initial development.
It seems that this has somewhat changed in recent months, with the rapid ascent of DeFi almost forcing the ecosystem to introduce governance tokens as a means of decentralization.
Governance tokens are popular, but industry players speaking to Cryptonews.com warned they come with a number of problems that will have to be solved over time. These include such problems as the concentration of governance tokens in the hands of a few holders, as well as the potential unsustainability of yield farming using governance tokens.
🗞 Daily Crypto Calendar, October, 12th💰
Yearn Finance Protocol (YFP)
"Introducing YFPI LaunchPool"
Horizen (ZEN)
Team updates at 3:30 PM UTC/ 11:30 AM EDT: Engineering, Node network, Product/UX, Helpdesk, Legal, BD, Marketing, CEO Closing thoughts, AMA.
Loki (LOKI)
"The hardfork will occur at block height 641111 (approximately 12 October 01:00:00 UTC)."
Vexanium (VEX)
Vexanium and Nodes Community will hold a webinar titled Blockchain and Cryptocurrency Opportunities in Q4 2020.
Kava.io (KAVA)
"Kava Gateway Testnet 11k Launch: 14:00UTC Oct 12th. Gateway Testnet 11k is an exact replica of Kava Gateway Mainnet."
TomoChain (TOMO)
".@Binance Futures will launch a $TOMO/ $USDT perpetual contract!!! Trading will be opening at 2020/10/12 7:00 AM (UTC). Users..."
Azbit (AZ)
Weekly token destruction is carried out to increase the value of existing AZ.
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