Connect with us

Blockchain

BPSAA | Blockchain Privacy, Security & Adoption Alliance

Avatar

Published

on

BPSAA (Blockchain Privacy, Security Adoption Alliance) goes live assembling crypto gurus from multiple projects for the good of cryptomanity. BPSAA aims to bring collaboration through BPSAA verified projects in order to enhance Privacy, Security, Adoption for users in the crypto realm.

Home

Projects in the Alliance:
Pirate Chain (Most Anonymous Crypto) https://bpsaa.vision/pirate-chain
Turtle Network (Interoperable DEX w/fiat) https://bpsaa.vision/turtlenetwork
Ether-1 (Decentralized Storage) https://bpsaa.vision/ether1
Sentinal (Decentralized VPN) https://bpsaa.vision/sentinel

Source: https://cryptocoremedia.com/bpsaa-blockchain-privacy-security-adoption-alliance/?utm_source=rss&utm_medium=rss&utm_campaign=bpsaa-blockchain-privacy-security-adoption-alliance

Blockchain

Avatar

Published

on

Source:

Continue Reading

Blockchain

Polkadot gains 75% in one week — But can DOT price reach $20 next?

Avatar

Published

on

Bitcoin (BTC) has made significant moves already this year but altcoins are catching up. Once Bitcoin’s price starts to stabilize, the market environment becomes better for altcoins to begin their run. 

One of the strongest performers in 2021 is Polkadot, as this cryptocurrency has been making new all-time highs day in, day out. Polkadot’s price rallied by 85% in 2021 and 75% in the past seven days, surpassing XRP in market capitalization.

DOT price eyes $20 or higher after this rally

DOT/USDT 1-day chart. Source: TradingView

The daily chart of Polkadot shows a rounded bottom construction throughout the last quarter of 2020. Since then, a beautiful support/resistance flip took place at the $4.55 level, leading to more upside.

This upward continuation kicked off with a massive rally to $10, after which demand (grey box) held for support and new levels were able to be defined using the Fibonacci extension.

One of those regions was found at $14.25-14.75, and the second one is found at $16-17, as the chart shows.

DOT/USDT 1-day chart. Source: TradingView

The primary question currently is whether DOT has finished its current run. If that is the case, areas of interest for support/resistance flips are found at the 0.35-0.382 and 0.618-0.65 Fibonacci levels.

These Fibonacci levels are often used to predict where such corrections will potentially reverse course. In Polkadot’s case, these align heavily with previous support or resistance levels, namely the $13 and $10.50 areas. This is where traders should be watching for potential buy-the-dip opportunities.

Once again, Polkadot will most likely only correct when Bitcoin starts to drop significantly. Otherwise, Polkadot and many other altcoins are currently in a good position for more upside.

However, if a correction occurs and Polkadot bottoms out, new levels of interest can be defined on the charts for the next impulse move. In that case, Polkadot might continue its surge towards $23-24 and possibly even $32-35 at a later stage in the year.

DOT/BTC approaching critical resistance zone

DOT/BTC 1-day chart. Source: TradingView

The daily chart of Polkadot in the BTC pair shows a massive surge in recent days. However, this surge is approaching a significant resistance zone.

It’s common sense and should go without saying but it’s not advised to enter a trade right as the price moves into the resistance zone. 

The 0.00045000-0.00047000 sats area is a critical area to breakthrough as that would trigger another heavy impulse move upwards. If that area breaks and flips for support, continuation is likely toward price discovery for Polkadot.

However, the price will most likely fail to break upward here. In that scenario, a healthy correction is possible through traders should be watching the 0.00035000 sats region, but also the 0.00031500-0.00032250 zone.

The $15 support level is vital 

DOT/USD 2-hour chart. Source: TradingView

The 2-hour chart shows a heavy uptrend, but some critical levels must hold for this rally to continue.

In that perspective, the previous high at $15 has to sustain support. If that area holds, a renewed rally to $20 or higher is on the tables to occur for Polkadot.

Failing to hold the $15 area for support and a significant correction is on the table. The next areas for support are $12 and $10.75-11.25, which is a correction of 30-40%.

However, Polkadot shows that it has a lot of potential for the upcoming year with one of the biggest surges so far in 2021. 

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision.

Source: https://cointelegraph.com/news/polkadot-gains-75-in-one-week-but-can-dot-price-reach-20-next

Continue Reading

Blockchain

$500K Bitcoin Donation Funneled to Groups Involved in US Capitol Riot: Analysis

Avatar

Published

on

Blockchain intelligence firm Chainalysis has tracked simultaneous Bitcoin (BTC) donations to wallets associated with right-wing extremist groups in the U.S., which might have helped fund the recent riot at the U.S. Capitol. The news marks yet another pivot towards pseudonymous money transfer means by alt-right groups in the U.S.

Alt-Right Agitators Received $500K in Bitcoin Prior to US Capitol Riot

Publishing its findings on Thursday (Jan. 14, 2021), Chainalysis revealed that several notable alt-right personalities who were present at the Jan. 6 riot in the U.S. Capitol received substantial Bitcoin donations.

According to Chainalysis, a single donor funneled 18.15 BTC to addresses belonging to entities with right-leaning affiliations on Dec. 8, 2020. At the time, this figure was worth over $500,000.

In its report, Chainalysis also revealed that popular far-right political commentator Nick Fuentes received 13.5 BTC. There are a few photographic pieces of evidence placing Fuentes at the riot with a megaphone in hand though Fuentes has denied entering the building itself.

Apart from him, alt-right podcaster Ethan Ralph and VDARE — an anti-immigration organization — also received BTC sums from the donor. While Chainalysis did not reveal the identity of the person responsible for funneling the Bitcoin, the crypto forensics outfit did mention that there strong evidence that the donor is a French computer programmer.

An examination into the donor’s wallet shows that the person is likely an early Bitcoin adopter. Further investigation into the donor shows a history of donations to extremist causes with an alleged suicide note referencing known alt-right talking points.

Based on these findings, U.S. law enforcement officials are reportedly investigating possible links between the donations and the assault on the Capitol. Prosecutors also say that they are approaching the investigations from a counterterrorism and counterintelligence standpoint.

Financial Censorship Triggering Crypto Adoption

Alt-right groups receiving donations in Bitcoin is only the latest example of political and social groups with dissident ideologies embracing cryptocurrencies. Indeed, Bitcoin’s early history is somewhat intertwined with WikiLeaks especially after the establishment was cut off from mainstream funding sources.

Even countries facing economic sanctions are also adopting cryptocurrencies. Venezuela is a popular example, with the Maduro administration even creating its own oil-backed Petro “coin.”

Nations like Iran are actively supporting Bitcoin mining with tax breaks for BTC miners. As previously reported by CryptoPotato, the output from three power plants has been offered to miners in the country.

SPECIAL OFFER (Sponsored)
Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO35 code to get 35% free bonus on any deposit up to 1 BTC.

You Might Also Like:


Source: https://cryptopotato.com/500k-bitcoin-donation-funneled-to-groups-involved-in-us-capitol-riot-analysis/

Continue Reading
Blockchain4 days ago

Blockchain Bites: Bitcoin Rebounds, Addresses Above 2017 Peak, Sci-Hub Decentralizes

Blockchain4 days ago

JP Morgan Warns a US Bitcoin ETF Could Bust BTC Prices in the Short Term

Blockchain4 days ago

Bitcoin News Roundup for Jan. 12, 2021

Blockchain4 days ago

ICM.com Bridges Gap Between Crypto and Oil Markets with BTCOIL

Blockchain4 days ago

Tron Is Out, Dai Is Back: CoinDesk 20 List Updates for 2021 Q1

Blockchain4 days ago

Bitcoin faces uncertainty of “tapering”, hints Fed Chair

Blockchain4 days ago

Bitcoin Will Be Analogous to Amazon, Mark Cuban Compares Crypto to the Dot-Com Bubble

Blockchain5 days ago

Bitcoin News Roundup for Jan. 11, 2021

Blockchain4 days ago

German authorities take down DarkMarket, allegedly the world’s largest Dark Web marketplace

Blockchain4 days ago

Cardano’s Mary hard fork to offer native multi-asset support in February

Blockchain4 days ago

JP Morgan Warns a US Bitcoin ETF Could Bust BTC Prices in the Short Term

Blockchain4 days ago

Michael Saylor Announces ‘Bitcoin for Corporations’ Educational Event

Blockchain4 days ago

Fidelity doubles down on Hong Kong crypto operator

Blockchain4 days ago

Telegram Sees 25 Million New Users in 72 Hours

Blockchain4 days ago

Peter Schiff Tosses Claims of False Institutional Bitcoin (BTC) Purchases, T. Winklevoss Rebuts

Blockchain4 days ago

Ruffer Investment: Bitcoin Is ‘A Unique Beast as an Emerging Store of Value’

Blockchain4 days ago

What is USDC? Beginner’s Guide (2021)

Blockchain4 days ago

An Upcoming Public Sale on Polkastarter Follows e-Money’s Successful DEX Launch

Blockchain4 days ago

HSBC Blocks Transactions From Crypto Exchanges

Blockchain4 days ago

Here’s why Bitcoin miners are unlikely to sell-off their holdings

Blockchain4 days ago

EIP 1559 Almost Ready, Might Go Out by Summer Says Tim Beiko

Blockchain4 days ago

Seven times that US regulators stepped into crypto in 2020

Blockchain4 days ago

This Project May be Fiat’s Layer 2 Solution

Blockchain4 days ago

JP Morgan Warns a US Bitcoin ETF Could Bust BTC Prices in the Short Term

Blockchain4 days ago

The Issuer of Tether (USDT) May Get Audited in 2021

Blockchain4 days ago

First Mover: Market Signs Look Healthy as Bitcoin Sell-Off Subsides

Blockchain5 days ago

HSBC Blocks Transactions From Crypto Exchanges

Blockchain4 days ago

The Story of Satoshi’s First Ever Bitcoin Transaction

Blockchain3 days ago

WAX Launches New DeFi Model to Share Revenue Earned From NFT Sales

Blockchain4 days ago

Founder of a $147M Crypto Ponzi Scheme Sentenced to 10 Years in Prison

Blockchain4 days ago

Huobi Now Supports RUB Deposits and Withdrawals, Announces Crypto Purchase Campaign

Blockchain4 days ago

Crypto Fund Manager Grayscale Reopens Deposits for New Clients

Blockchain4 days ago

Flash loan attack explained | Part1 | DeFi: In & Out

Blockchain4 days ago

Fat-BTC Review 2021: What is the Fat-BTC exchange?

Blockchain4 days ago

Bitcoin Will Be Analogous to Amazon, Mark Cuban Compares Crypto to the Dot-Com Bubble

Blockchain5 days ago

Time to Take Money Off The Table: Guggenheim CIO Amid the Bitcoin Plunge

Blockchain4 days ago

Here’s Why Coinbase Keeps Going Down During Bitcoin Rallies

Blockchain3 days ago

The Bitcoin Dream Is Dead

Blockchain4 days ago

Traders are HODLing BTC and ETH Despite The $190 Billion Plunge

Trending