Litecoin (LTC) and smart contract platform Cardano (ADA) are exploring a “Velvet Fork” partnership that will unlock new features in the 10th largest cryptocurrency such as cross-chain communications, smart contract capabilities, and improved scalability. In July, Cardano creator Charles Hoskinson invited Litecoin Foundation managing director Charlie Lee to potentially collaborate on the testing of cross-chain communications between the two… Source link

While regulators are trying to restrict privacy in crypto, their efforts may be futile, according to privacy-centric protocol Monero’s maintainer, Riccardo “Fluffypony” Spagni.  “The U.S. Internal Revenue Service (IRS) wants the same level of insight [into monero] as they have over digital dollars in bank accounts; however, cryptographers and researchers are always going to be one step ahead on privacy,” Spagni told CoinDesk.  Launched in April 2014, monero (XMR) is a private,… Source link

Bitcoin’s biggest rally in more than a week has pushed it to the brink of $12,000, a key level watched by chartists and technicians. The world’s largest digital currency rose as much as 3.4% on Monday to around $11,835. Crypto fans are closely watching the $12,000 level as a major hurdle to cross before it can embark on a bigger rally. … Source link

Source: Adobe/alswart Privacy-focused cryptocurrency monero (XMR) is the best performing coin among the top 15 tokens by market capitalization today after it launched its network update this past weekend. At pixel time (15:51 UTC), XMR, ranked 14th by market capitalization, trades at USD 127 and is up by almost 5% in day, trimming its weekly losses to less than 4%. At the same time, other major coins from the top 15 are up less than 3% in a day. XMR accelerated today after a somewhat… Source link

Old hands are selling their Bitcoin (BTC) holdings, according to glassnode’s Coin Dormancy metric. As shown below, dormant addresses selling BTC marked previous tops in BTC. Coin Dormancy of Bitcoin. Source: glassnode On-chain analyst Willy Woo said old hands reliably sold the top until the most recent price cycle. He wrote: “Dormancy is a measure of ‘old hands selling out.’ It’s interesting to see old hands reliably sold tops until this present cycle. They sold the #bitcoin bottom at… Source link

Markets tend to behave in massive cycles. One of those cycles is the previous Bitcoin (BTC) price cycle from 2014 to 2017. However, within those cycles, are multiple smaller cycles that could often repeat. A similar approach and analysis can be made for Ethereum’s Ether (ETH), which is outperforming BTC year-to-date, as the majority of its impulse upward moves have corrected heavily to retest previous resistance levels. When is the best period to buy ETH/USD and what potential levels can be… Source link

The Crypto Fear and Greed Index was noting a figure of 55, at the time of writing, the same reading as the previous day. Monero was retracing recent gains made, but it did show some signs of heading north. Further, while Ontology formed a bearish pattern on the charts, DigiByte looked to be resolutely heading south. Monero [XMR] Source: XMR/USD on TradingView XMR was trading at $122, at press time. As shown by the Fibonacci Retracement tool, this was close to the 38.2% retracement level of the… Source link

According to new data from Statista, only 7% of Americans have previously used Bitcoin (BTC). This means current investors in BTC are still in an early stage of growth. Dan Tapiero, the co-founder of 10T Holdings, said Bitcoin is still at the “birth” phase of a new asset class. He wrote: “It’s still so early for Bitcoin. Still at the birth of a new global asset class.” In the longer term, Bitcoin has significant growth potential to evolve into an established store of value, like gold…. Source link

Bitcoin (BTC) starts a new week in familiar territory as markets move into the United States’ 2020 elections — where could it go next? Cointelegraph takes a look at five factors that could influence BTC price action in the week ahead. U.S. macro: Elections vs. stimulus The U.S. is the firm focal point when it comes to macro markets this week. The Nov. 3 elections promise to set the mood as it becomes more apparent which side will control the White House.  Analysts have warned that a… Source link

Ethereum Ethereum rallied by 2.74% on Sunday. Following on from a 0.8% gain on Saturday, Ethereum ended the week up by 1.12% to $378.58 It was a bullish end to the week. Ethereum rallied from an early morning intraday low $367.31 to a final hour intraday high $378.69. The day-long rally saw Ethereum break through the first major resistance level at $371.51 and the second major resistance level at $374.55. At the time of writing, Ethereum was down by 0.11% to $378.16. A mixed start to the day saw… Source link