Bitcoin.org’s Cobra accuses Jack Dorsey’s Square Crypto of pandering to Bitcoiners to promote Cash App

Cobra, Co-owner of Bitcoin.org and Bitcointalk.org, has always been very vocal about his views on other cryptocurrency projects. Cobra has consistently attacked altcoins, or what he calls “shitcoins,” while hailing Bitcoin as the “king coin” and “worth more than all other altcoins combined.” He is in the news again after attacking Jack Dorsey and his new crypto project, Square Crypto.
Cobra accused Dorsey and Square Crypto of pandering to Bitcoin users, while also suggesting that the crypto project is merely a way to bring in more users for Dorsey’s Cash App. Cash App, developed by Dorsey’s Square Inc., is a mobile payments app that announced Bitcoin support last year to great fanfare. Cobra’s tweet read,
“Gotta respect how hard @sqcrypto is pandering to Bitcoiners. Very clever how @Jack has embedded himself in the community; in return the community promotes @CashApp, which gives that service a small but dedicated and activist group of early users.”
For its part, Square Crypto has not announced anything major, since it was first launched last month. However, it is known that the crypto project is on the hunt for crypto engineers and designers. Square Crypto was also in the news after querying the cryptoverse about what it wanted to be added to the ecosystem, with privacy enhancements and lightning plug-ins being the most popular suggestions.
Cobra wasn’t done attacking Jack Dorsey. In the same thread, he further added,
“Liberal elites don’t like things they can’t control. Bitcoin goes against everything Jack stands for. He’s no Bitcoiner, and never will be.”
The response to Cobra’s tweets was mixed, however, with Twitter user @StopAndDecrypt commenting,
“Do things we like and it’s pandering, do things we don’t like and we’re being too tribalistic? Once again, it’s like Cobra doesn’t understand how any of this works.”
This isn’t the first time Cobra has spoken out against Dorsey and Cash App. Cobra had previously claimed that Dorsey’s Cash App will push the same kind of censorship Bitcoin advocates work against. Cash App’s censorship would be an extension of Twitter’s censorship policies, he said, adding that it will soon restrict users from accessing their own funds. He said,
“Word of caution for everyone riding @Jack’s dick, the same de-platforming tools will be applied to @CashApp eventually; loss of your money or suspension based on arbitrary BS.”
The post Bitcoin.org’s Cobra accuses Jack Dorsey’s Square Crypto of pandering to Bitcoiners to promote Cash App appeared first on AMBCrypto.
Source: AMB Crypto

Online Services Behemoths, Square and Facebook, Heavily Target Blockchain Opportunities

Coinspeaker
Online Services Behemoths, Square and Facebook, Heavily Target Blockchain Opportunities
Facebook and Square rank among the notable institutional investors making significant investments in the blockchain and cryptocurrency industries. They aim to benefit from the potential mass adoptions.
Online Services Behemoths, Square and Facebook, Heavily Target Blockchain Opportunities

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Source: CoinSpeaker

Lightning Labs Releases Loop Feature to Improve Bitcoin Payments on Lightning

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Lightning Labs Releases Loop Feature to Improve Bitcoin Payments on Lightning
Lightning Labs has announced alpha release of Lightning Loop aimed to imrove the efficiency, scalability, and usability of Lightning.
Lightning Labs Releases Loop Feature to Improve Bitcoin Payments on Lightning

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Source: CoinSpeaker

Mike Novogratz: Another BTC Value Surge is About to Happen

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Mike Novogratz: Another BTC Value Surge is About to Happen
As Bitcoin (BTC) is clinging on to its $4,000 price tag, major crypto figures are betting big on a potential bull run. However, it doesn’t necessarily mean that cryptocurrency investors should get too carried away by the recent price uptick.
Mike Novogratz: Another BTC Value Surge is About to Happen

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Source: CoinSpeaker

Top Trending Cryptocurrency News of the Week: Twitter Founder Commits to Investing in Bitcoin Every Week and More

Key highlights

Korger Stores Gives Up Visa for Bitcoin
Denver State to Test Blockchain based Voting
Dorsey commits to investing in Bitcoin every week
Argentinian Crypto Market Defies Crypto Winter
Turkey has most crypto owners in Europe

Korger Stores Gives Up Visa for Bitcoin
Well, Bitcoin has won a small battle against the payment giant Visa but a win is a win. Kroger, a prominent US grocery chain announced a storewide ban on Visa payments which would begin from April. This move was propelled by rising fees of Visa, which is making it difficult for the chain to keep prices low. Morgan Creek took this opportunity and Pomp, in his tweet, mentioned that The Morgan Creek Digital team will fly to meet them and get them hooked up with the Lightning Network nationwide.

Grocery store @kroger is stopping acceptance of @Visa in over 250 stores because of network fees.
Who knows someone on the leadership team there?
The Morgan Creek Digital team will fly to meet them and get them hooked up with the Lightning Network nationwide. 🔥🙏🏽
— Pomp 🌪 (@APompliano) March 2, 2019

Denver State to Test Blockchain based Voting
Blockchain has been a great help for state heads as its been a huge boon to voting. The same will now be used by the state of Denver, as the municipal corporation of the state has planned to pilot test a mobile voting app in elections in May 2019. They would be making the blockchain-based app available to active-duty military and their eligible dependents as well as any overseas voters. The corporation believes this will improve the voter turnout and decrease absentees.
Dorsey commits to investing in Bitcoin every week
Jack Dorsey couldn’t hide his love for bitcoin. His recent appearance on the podcast called the Tales from the Crypt saw him reveal that he maximizes the USD 10000 bitcoin purchase limit on Square Cash app to acquire the dominant cryptocurrency   

The latest episode of @TFTC21 with @jack is live now!
We discuss everything from how Jack came to find & experiment with Bitcoin, the parallels between early Twitter and Bitcoin, pseudonymity, Bitcoin's effect on the State, & much more.
Peep it here:https://t.co/SMqPL7pCY5
— Marty Bent (@MartyBent) March 4, 2019

Argentinian Crypto Market Defies Crypto Winter
South American market has been growing at an exponential rate. The scenario has been such that the Argentinean market has defied the crypto winter. The trend began last year when the country’s inflation rate reached a record 47 percent. The figure is still a fraction of the 84 percent peak experienced in 1991, but enough to alarm the citizenry. Consequently, more Argentines are seeking refuge in cryptocurrencies, with Bitcoin being the most popular.
Turkey has the most crypto owners in Europe
Well, last year the Turkish economic turmoil has got a lot of citizens to buy Bitcoin but it looks like most people have still stuck to the digital assets. According to the recent survey conducted by ING, 18% of the Turks still owned or trade cryptocurrencies making Turkey the European Country with most crypto ownership. According to the survey the global average still stand in single digit of 9% while other top countries included Romania (12%), Poland (11%), Spain (10%), Czech Republic (9%), Austria(8%), and Germany (8%) Italy, Netherlands (7%), United Kingdom (6%), and France (6%).
The post Top Trending Cryptocurrency News of the Week: Twitter Founder Commits to Investing in Bitcoin Every Week and More appeared first on Coingape.
Source: CoinGape

Bitcoin To Hook $4k With Twitter Founder’s Bullish Signs on Bitcoin and Lightening Labs

It is likely that bulls are knocking at BTC’s new door, enabling to hook it up to $4000. As crypto enthusiasts often look at the way billionaires, like Jack Dorsey (Twitter), Elon Musk (Tesla), Mark Zuckerberg (Facebook) and many other high profile figures from different industries look at the world’s largest cryptocurrency – this is because of history evident its quick impact on the graph of Coinmarketcap.
Jack Dorsey’s Bullish Signs on Bitcoin
Over the past few days, Twitter CEO, Jack Dorsey is on continuous talk – since he spoke about CashApp Support for Lightning Network, Showing Off his Casa Bitcoin node, reportedly buying $10,000 in Bitcoin every week to his latest sentiment of supporting Bitcoin and Lightening network. These bold statements could point out to the recent increasing graph of Bitcoin.
In the latest discussion on Twitter, Jack Dorsey responded to a comment that doubt his interest in Bitcoin is due to the reason he invested in Lightening Labs. As a response, Jack strongly claims – both. In his words;

Both. I’m excited about helping bitcoin to be a fast and efficient currency and excited by Elizabeth and the Lightning Labs team.
— jack (@jack) March 6, 2019

To remind, Jack Dorsey in last year has invested millions in Lightning Labs, a Bay Area-based startup. Reportedly, the firm had raised $2.5 million in seed funding from Jack Dorsey, Square, and Twitter co-founder.
Furthermore, in a recent podcast, Jack explains his view on Bitcoin – how he get started with the world’s largest cryptocurrency. During the podcast, he says that he was much fascinated when he first read Bitcoin’s whitepaper. He told Marty Bent, the podcast host;
“Imagine being born this year, growing up only knowing that the potential for a global currency exists – that is exciting,”
Although it was just 30 minutes podcast interview with Marty Bent – he does speak potential talk on Bitcoin. He further revealed how he had spent $10, 000 on buying crypto on Cash App in recent weeks.
Bitcoin To Touch $4000
Well, Jack’s bullish sentiments continued with BTC gearing up to $4000 as on March 06, 2019. According to the data from Coinmarketcap, the present value of BTC counts $3902. Significantly, the average trading volume goes up to $68,582,764,414, growing at 3.15 percent during the past 24 hours.

So readers, what do you think about Jack’s strong believe in Bitcoin? Let us know your opinion.
The post Bitcoin To Hook $4k With Twitter Founder’s Bullish Signs on Bitcoin and Lightening Labs appeared first on Coingape.
Source: CoinGape

Bitcoin [BTC]: Twitter’s Jack Dorsey says he maxed out Bitcoin’s $10,000 weekly buying limit

On a podcast with Tales from the Crypt, Twitter’s Jack Dorsey spoke to Marty Bent about all things Bitcoin and mentioned that he maxed his Bitcoin buy limit for the week.
On the podcast, Dorsey mentioned how CashApp was the only public company trying to bring Bitcoin to the masses. He also added that CashApp’s team worked towards bringing the application closer to users by working with the Securities and Exchange Commission [SEC], paving the way for others.
Speaking about the “Stacking Sat Saturday”, Jack Dorsey stated,
“I saw that [Stacking Sat Saturday] on Twitter… I would have participated but I’ve already exceeded my limit.”
Although Dorsey didn’t exactly say that he was aggregating BTC worth $10,000 every week, users on Twitter rephrased it. Stack Sat Saturday is a movement/trend where users accumulate $25 worth of BTC every Saturday to exhibit the growing importance of the cryptocurrency.
The hashtag used for this trend was #stackingsats [Stacking Satoshis], and it is already catching up with users like Pierre Rochard and other prominent cryptocurrency enthusiasts in the space. Dorsey added that he might be able to join the #stackingsats next week when his limit cycle is renewed.
A Twitter user @girevik_ tweeted,
“TIL @jack is maxing out the weekly $10k BTC buy limit. I guess smart money has been loading up on cheap BTC all along.”
Jack Dorsey has been vocal about the internet currency aka Bitcoin [BTC] over the past few months. He even contributed to the Lightning Network by accepting the Torch and passing it on. Dorsey has often proclaimed his support for Bitcoin and its underlying technology, with the most recent episode being on the Joe Rogan podcast.
@BrokeWokeJoke, a Twitter user, commented,
“And here I was thinking I was the only fool buying regularly!”
Another user, @devilninja777 commented,
“$10K per week for Jack is $100 per week for me. We are both loading up :)”
To the above, a user @americanhodl tweeted,
“It’s actually more like $1 a week to you”
The post Bitcoin [BTC]: Twitter’s Jack Dorsey says he maxed out Bitcoin’s $10,000 weekly buying limit appeared first on AMBCrypto.
Source: AMB Crypto

This Cybersecurity Pioneer Thinks Bitcoin Cannot Replace the Current Financial System

CoinSpeaker

This Cybersecurity Pioneer Thinks Bitcoin Cannot Replace the Current Financial System

While some experts insist that quite soon Bitcoin will replace fiat money, cybersecurity pioneer Eugene Kaspersky believes that the world is not ready for such changes.

This Cybersecurity Pioneer Thinks Bitcoin Cannot Replace the Current Financial System

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Source: CoinSpeaker

Lightning Dev Explains Why Bitcoin Is Poised To Become the Global Currency

When the mysterious Satoshi Nakamoto first released Bitcoin to the public, his goal was to remove the power governments and banks had over people’s money, and put the power back into the hands of the user.
Since then, Bitcoin has taken on a life of its own, showing far more potential than even Nakamoto initially realized. The first-ever cryptocurrency is disrupting the financial world, the technology sector, is predicted to reach a value of $100,000 up to “millions,” and is being pitched by top entrepreneurs as eventually becoming the world’s global currency.
After reflecting upon a recent trip to China, one Lightning developer saw first-hand the cryptocurrency’s potential on a global scale and is sharing his experience with the world.
Bitcoin As a Global Currency: Crossing Borders and Breaking Barriers
Jack Mallers is a developer for Zap, a Lightning Network-based wallet solution for desktop and soon to be iOS. The Lightning dev recently returned from a trip to China to promote his services. There, he discussed “all things Bitcoin, Lightning, Zap, and what the future may look like.”

1/ I've been in China the last week talking all things Bitcoin, Lightning, Zap, and what the future may look like. The reception has been amazing and made this experience something I will never forget.
Thread
— Jack Mallers (@JackMallers) March 4, 2019

Mallers concludes that although there are vast cultural differences between us all, such as having different views, hobbies, and even speaking different languages, the language of Bitcoin is “global.” Bitcoin’s code is at its core mathematics, which is yet another universal language.

2/ Bitcoin is the worlds first global language. All of us don’t natively speak the same language, eat the same food, enjoy the same hobbies, but we all gravitate to projects like Bitcoin, Lightning, and Zap because they represent a better world.
— Jack Mallers (@JackMallers) March 4, 2019

In addition to overcoming “all language barriers,” the leading crypto by market cap is unaffected by “government restrictions, public shaming, social attacks, and corporate enemies.” It has been outright banned in some countries, and has had its name dragged through the mud by finance magnates, banking executives, and politicians alike, yet it still lives on strong.
Because Bitcoin is decentralized and encrypted, it is free from any restrictions, government, distance, or otherwise. The technology can be used to facilitate cross-border transactions, or can act as a “mattress” for those that don’t trust banks or governments with their money.

4/ The force of Bitcoin overcomes all language barriers, government restrictions, public shaming, social attacks, and corporate enemies. It is something you don’t truly understand until you see it, use it and interact with it.
— Jack Mallers (@JackMallers) March 4, 2019

The effect is none more pronounced than in countries with struggling economies, such as Venezuela. There, Bitcoin is helping the economically strapped citizens enjoy some of the same basic freedoms the average global citizen is afforded. Without the cryptocurrency, these citizens would only be bound to the government’s control over the native fiat currency, the bolivar.

Is Lightning Network the Key To Bitcoin Becoming a Global Currency?
During the peak of the last bull run, Bitcoin transactions swelled and the network became congested. The exorbitant fees and slow transactions proved that the cryptocurrency wasn’t yet ready for public consumption at a grand scale – and certainly not at the scale necessary for it to become a global currency.
But the second-layer technology that Jack Mallers works to further develop might be the key to unlocking all of Bitcoin’s potential as a global currency. Lightning Network aims to speed up Bitcoin transactions and reduce fees. SegWit has already had a dramatic impact on transaction fees and speeds, and Lightning will only help further.
Related Reading | Twitter CEO Is Buying $10,000 In Bitcoin Each Week: Why Is He So Optimistic?
Bitcoin bull Jack Dorsey is among the top entrepreneurs that have claimed the first-ever cryptocurrency could eventually become the world’s global currency, and has recently become more involved in the Lightning Network in order to help Bitcoin along its journey to the top.
The Twitter and Square CEO recently took the “Lightning Torch,” an ongoing transaction experiment, and has even begun running his own Lightning Network node in a show of support.
The outspoken Bitcoin maximalist said that adding Lightning Network to his Square Cash app isn’t a matter of if, but when, and is also in support of Lightning-based Bitcoin tipping coming to Twitter. The more steps major companies in the public eye – like the ones Dorsey operates – can support Bitcoin, the sooner the leading crypto will been its way to becoming the world’s first global currency.
The post Lightning Dev Explains Why Bitcoin Is Poised To Become the Global Currency appeared first on NewsBTC.
Source: New feedNewsBTC.com

Bitcoin (BTC) Prices Responding as Billionaires like Jack Accumulate

Bitcoin price up 3.6 percent, finding support from breakout levels
Jack Dorsey is accumulating BTC, buys $10k worth every week
Current transaction levels low but up from early Feb 2019

High net-worth individuals, it seems, are ramping up at current spot levels. Down 75 percent from 2017 highs, Bitcoin is available at a discount. As interest pick up, the resulting demand could push prices above $4,500.
Bitcoin Price Analysis
Fundamentals
Like every new tech, trailblazing luminaries are often early adopters. It may be ten years since Satoshi Nakamoto rolled out Bitcoin. As China and the US try to reach consensus on what to concede as part of their agreement, Jack Dorsey, the CEO of both Twitter and Square—multi-billion-dollar firm, is once again showing the world his unwavering support for Bitcoin.
He’s not only talking but sinking money, partaking in infrastructure development necessary to take Bitcoin to the next level. Although there are no official comments from Twitter on whether the social media platform will make Tippin.me an inbuilt feature, what we do know is that Jack is accumulating and confident of price.
NewsBTC reported that the tech leader is funneling $10,000 every week buying Bitcoin at current discount levels.
Candlestick Arrangement

At spot rates, Bitcoin is up 3.6 percent from yesterday’s close. If anything, this is bullish and cements our long-standing view that Bitcoin (BTC) is technically bullish, only recessing in the last few days.
Even so, risk-averse traders ought to be in the sidelines until after prices rally above $4,500. Supporting and confirming this outlook should be a spike in market participation levels. Preferably, the first leg up confirming bulls of Feb 24 should completely engulf and reverse losses of Feb 24.
Generally, Bitcoin is moving within a consolidation, and as long as the aggressive type of traders can buy on dips, we should note that $3,800 is reliable support.
On top of that, price action is trading within a bullish breakout pattern with floors at $3,800 and a $1000 range with conservative buy triggers at Dec 2018 highs of $4,500.
Technical Indicators
Our Bitcoin (BTC) analysis anchors on Feb 18 and Feb 24 bars. They counter each other with equally high transaction volumes. Since we are in an uptrend, trend resumption will only print out once prices rally reversing Feb 24 bears. Accompanying this upswing should be high transaction volumes registering above 40k.
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Source: New feedNewsBTC.com

Here’s Why Twitter CEO Jack Dorsey & Co. Are ‘Stacking’ Bitcoin

Like many other Internet communities, the crypto space has trends. Over recent weeks, the Trust Chain event, along with the “Delete Coinbase” campaign, have trended on what has been dubbed Crypto Twitter. Most recently, however, #stackingsats (Stacking Satoshis) has begun to garner traction in the halls of the school of Bitcoin.
Twitter’s Jack Dorsey Accumulating Bitcoin
Each and every week, industry participants the world over have posted their weekly purchases of BTC (usually valued at $25), in a bid to show that they are stacking satoshis, fractions of Bitcoin, in preparation of further adoption. Although the pseudo-movement has already seen participation from Pierre Rochard, Spot, among many other prominent personalities, the accumulation movement scored a big win on Saturday, as Jack Dorsey, the chief executive of Twitter and Square, joined in on the fun, purchasing Bitcoin on his own app.

#stackingsats pic.twitter.com/39ZW8e4XOU
— jack (@jack) March 3, 2019
As seen below, the Silicon Valley mainstay purchase $25 worth of BTC on the Cash App, which sold $166 million worth of the cryptocurrency in 2018. It isn’t clear if Dorsey will return for the next round of Stacking Satoshis, but the nod to the Bitcoin community was appreciated nonetheless.
Rationale Behind #StackingSats
So what’s the deal with Stacking Sats, and why are so many bigwigs in this industry, like Jack Dorsey, getting involved?
Well, many argue it’s quite simple. Matt Odell, who has kept to accumulating amid this so-called “crypto winter,” recently broke down this movement in a simple image. The pro-Bitcoin coder, noted that as it stands, you can buy 262 satoshis (0.00000262 BTC) for one U.S. penny, 26,200 satoshis for a dollar, and so on so forth. Hinting at Bitcoin’s supply cap of 21 million, Odell added that in a couple of years, the world will look back at 2019 and be “blown away” about how cheap the cryptocurrency was.

262 sats for a penny26,200 sats for a dollar2,262,000 sats for a hundo
In a couple years we will look back at 2019 and be blown away at how cheap bitcoin was. #stackingsatshttps://t.co/JISUfigX2L by @jackopr1 pic.twitter.com/frMtGf9T1s
— Matt Odell (@matt_odell) March 2, 2019

This is, of course, in reference to the extreme (and very real) scarcity of BTC, and the importance of that characteristic, especially in a world rife with inflation and seemingly irresponsible monetary and fiscal practices.
Related Reading: Researcher: Bitcoin Will Easily Surpass Market Cap of Gold at $8 Trillion
Dennis Pourteaux, a BTC investor that graduated from Harvard, also recently touched on the cryptocurrency’s scarcity, arguably the key driver behind BTC’s long-standing value. Pourteaux, citing a post from Trust Chain creator Hodlnaut, a Netherlands-based Bitcoin enthusiast, noted that per his napkin math, there are a mere 300,000 satoshis (0.003 BTC) available for every human alive today. At current market valuations, such a crypto sum is valued at $11 — the minimum hourly wage in a number of U.S. states.

If everyone on the planet had an equal number of bitcoin, we’d each have 0.0003 bitcoin (300,000 sats). Today you can buy this amount for just over a dollar. It won’t always be this way. https://t.co/JheGzo9g4t
— dennis pourteaux (@pourteaux) February 24, 2019

While $11 in investable disposable income may be hard to obtain for some, many crypto enthusiasts responded to the noticing by remarking that it would be unwise for prospective investors to not go above and beyond their 0.003 BTC allocation.
Featured Image from Shutterstock
The post Here’s Why Twitter CEO Jack Dorsey & Co. Are ‘Stacking’ Bitcoin appeared first on NewsBTC.
Source: New feedNewsBTC.com

Cryptocurrency Price Analysis for the week February 25 to March 2

Hi Readers, welcome to cryptocurrency price analysis for the week. Do not forget to check movers and shakers for this week at the last of the article.
Bitcoin (BTC)
Bitcoin saw some mixed sentimental moves this week but maintained to stay in green this week with a rise of over 1%. As of now, Bitcoin sits over USD 3700 maintaining an upward trajectory since last week. The prices hit a high point of USD 4210.64 and the lowest point of USD 3787.06 during the week. The exchanges that were more active, in volumes, with BTC across various pairs this week were,  BitMex (7.30%), CoinBene (4.20%) and OEX (3.11%)
Among prominent news around Bitcoin, Twitter co-founder and CEO Jack Dorsey have recently shown off a recently received Bitcoin Lightning Network full node he got from Casa, further showing the entrepreneur’s commitment to the flagship cryptocurrency and its layer-two scaling solution.
Chart Source: Coin360.com
Ethereum (ETH)
Ethereum continues its hold on second place and looks a little distant from the number 3 XRP for some time now. On the top, this week was at USD 165.55  and was at lows of USD 131.60. The markets that were more active, in volumes, with ETH across various pairs this week were DOBI Exchange (3.46%), EXX (3.40%), and OEX (3.02%)
Among news around Ethereum Constantinople, an upgrade to Ethereum’s network has gone live. The upgrade marks the end of a month-long wait due to the discovery of potentially hazardous security vulnerabilities in the upgrade’s underlying code.
Ripple (XRP)
XRP continues to hold the number 3 position. On the top, this week the prices of XRP were at USD 0.341581 and towards the bottom, it quoted USD 0.299331. The exchanges that were more active, in volumes, with XRP across various pairs this week were, Bitmax(23.26%) ZBG (6.92%)  and ZB.conm (5.62%)
For XRP this week, with Coinbase listing this week, Ripple, the parent company behind the XRP coin, has had to deal with several accusations that the company paid for the currency to be listed on the exchange. Clarifying the same, Ripple’s Head of Markets Miguel Vias heard the allegations against his company and responded promptly. In a twitter exchange with U.K.-based investor Alistair Milne, who promoted the accusation of Ripple paying for XRP on Coinbase, Vias responded that his company had nothing to do with the listing. Instead, Vias claimed that the addition of XRP was an independent decision by Coinbase, stating
The Other Movers and Shakers
The Other coins that made to the top and bottom this week according to Coin Market Cap (accessed on March 03 at 11:35 pm IST) were
Movers

Snapcoin [SNPC] – Showing a rise of 232.97%
ABBC [ABBC] – Showing a rise of 182.92%
Morpheus Labs [MITX] – Showing a rise of 181.97%

Shakers

S4FE [S4F]- Showing a drop of 59.11%
Ailink Token [ALI]- Showing a drop of 55.69%
Spendcoin [SPND] – Showing a drop of 52.74%

What do you think would be the sentiment of the crypto markets next week? Do let us know your views on the same.
The post Cryptocurrency Price Analysis for the week February 25 to March 2 appeared first on Coingape.
Source: CoinGape

Bitcoin Lightning Network-enabled Tippin extension records 13000 downloads, claim developers

The Bitcoin Lightning Network, a 2nd layer protocol running the Bitcoin blockchain recently gathered momentum with its Lightning Torch experiment across the globe. The Lightning Network was also the main reason behind the development of Tippin, a Chrome extension released recently for Bitcoin holders. The extension allowed users to send and receive tips over Twitter with the help of Bitcoin’s Lightning Network.
According to decryptmedia, the Tippin App, a browser extension which enables the transfer of digital tokens over tweets, recorded a total of 13000 downloads already. This figure, claimed by the app developers, would indicate a prominent shift in interest towards the growing adoption of Bitcoin and the cryptocurrency network.
Sergio Abril, Chief Developer of Tippin, in a recent interview stated,
“From the very beginning, I wanted Tippin to be an “easy-to-use” service; Lightning Network micro payments [or tips] made easy.  I didn’t want people to struggle with complex signup processes, so I went for a Twitter exclusive signup system.”
Sergio Abril added the QR-code generating Lightning button next to the ‘retweet’ button via Tippin app. He said that the app generated serious interest from users after it was endorsed by Twitter’s Jack Dorsey last week.
Abril added that he was working towards complying with local regulations, setting up an efficient business plan and mending software bugs.
He bluntly stated,
“The truth is I am incredibly busy.”
Although 13000 downloads do not seem very high, especially when compared to “dApps” like social network Steemit with 1.2 million accounts, it is a major positive for the Lightning Network as it is still in the early stages of mass adoption.
The Lightning Network, which has the capacity to run around 3500 nodes, can handle about $3 million worth of Bitcoin transactions.
The post Bitcoin Lightning Network-enabled Tippin extension records 13000 downloads, claim developers appeared first on AMBCrypto.
Source: AMB Crypto

Bitcoin [BTC] worth $52 million bought on Cash App by customers in Q4 2018

The real-life adoption of cryptocurrencies within traditional companies has been the aim of many crypto proponents with some examples leading the way. Recent reports show that customers of Square bought $52 million worth of Bitcoin [BTC] on the Cash App in the fourth quarter of 2018.
Research further shows that Bitcoin sales were over $166 million on the popular Cash App in 2018, with the growth becoming apparent during every quarter of last year. The data was put up by Kevin Rooke on Twitter, who went on to answer questions about the information. NeutronYoda, a Twitter user asked:
“Can this be tracked? In real time?”
To which, Rooke replied:
“I don’t believe so. This data is from their past 4 earnings reports.”
The Jack Dorsey-led Square has always had a foot in the cryptosphere with Dorsey himself being a Bitcoin proponent. The Twitter CEO had given his view on the world’s largest cryptocurrency alongside Joe Rogan. The comments were made in the wake of Square’s Cash App listing Bitcoin, with Dorsey saying:
“I believe the internet will have a native currency and I don’t know if it will be Bitcoin but, I think it will be Bitcoin.”
He even suggested that he backed Bitcoin as he believed in its foundation and principle and trusted a digital currency that had been developed on the internet itself. Cash App’s latest success has not come without its own share of criticism, with Cobra, the co-owner of Bitcoin.org and Bitcointalk.org taking on Jack Dorsey directly. Cobra had tweeted:
“No. Twitter banned my account for “suspicious activity”, and removed everything from my following list. Word of caution for everyone riding @Jack’s dick, the same de-platforming tools will be applied to @CashApp eventually; loss of your money or suspension based on arbitrary BS.”
Cobra’s thread was mostly focused on the fact that Twitter and Cash App will go against the concept of decentralization and actually monitor each and every aspect of transactions or information exchange. He also tweeted the reason why his account was banned, which stated:
“I tweeted about BITMAIN, and boom, my account was locked. No idea what made them think I was doing anything suspicious.”
The post Bitcoin [BTC] worth $52 million bought on Cash App by customers in Q4 2018 appeared first on AMBCrypto.
Source: AMB Crypto

Bitcoin.org co-owner calls out Jack Dorsey; predicts CashApp will push censorship

An important principle that contributed to the emergence and growth of the cryptocurrency market was its accessibility and the lack of a “bar on entry.” The absence of censorship and central authority attracted proponents to make the coin a mainstay in several Libertarian campaigns.
This principle was defended by Cobra, the co-owner of Bitcoin.org and Bitcointalk.org in his latest jibe at Jack Dorsey and Twitter via his latest tweet.
Cobra also predicted that CashApp, the mobile payments application developed by Dorsey’s Square, Inc. will engage in the same ‘censorship’ that Bitcoin advocates against.
Cobra was questioned by Riccardo Spagni, the project lead at Monero [XMR], about whether he was switching sides and joining the Bitcoin SV [BSV] camp that includes nChain’s Craig Wright and Ayre Group’s Calvin Ayre. The question was attached with a picture showing Cobra’s account unfollowing several users.
The Bitcoin.org co-owner responded stating that his account was banned for “suspicious activity,” and that his following list was wiped clean. He then went on to attack the CEO of Square, Inc. Jack Dorsey, suggesting that the censorship of his Twitter would soon be applied to CashApp as well, restricting users from accessing their funds.
His tweet stated:
“No. Twitter banned my account for “suspicious activity”, and removed everything from my following list. Word of caution for everyone riding @Jack’s dick, the same de-platforming tools will be applied to @CashApp eventually; loss of your money or suspension based on arbitrary BS.”
In a reply to the above tweet, Cobra said that the “temporary suspension” by the internet giant was due to his previous tweet about Bitmain.
“I tweeted about BITMAIN, and boom, my account was locked. No idea what made them think I was doing anything suspicious.”
Earlier this week, Cobra responded to Bitmain’s launch of their new 7nm ASIC chips to mine cryptocurrencies, questioning the mining company’s market performance.
Cobra’s tweet on Bitmain read,
“I thought BITMAIN was bankrupt or was getting chased out of the market by Halong Mining?”
Cobra has consistently promoted Bitcoin and its principles of universality, ubiquity and the absence of censorship and central-command.
Last week, when a proposition regarding block size reduction to 300KB was floated by a BTC developer, Luke Dashjr and the CCO at Bitrefill, John Carvalho, Cobra responded by calling such an intervention a “contentious hardfork,” which will damage the coin.
His support for the top cryptocurrency was encapsulated in another recent tweet which read,
“Bitcoin is revolutionary. Money is the one thing that has gotten *worse* since the start of the 20th century. Can you imagine that? People that died of Botulism and that didn’t have access to antibiotics had more monetary freedom than you. Fiat money needs to be destroyed.”
Cobra, like many others in the BTC camp, has vehemently opposed altcoins, or what many refer to as, “shitcoins,” in comparison to Bitcoin. His latest tweet affirmed that maximalist belief stating:
“Bitcoin is worth more than every other altcoin COMBINED. Let that sink in.”
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Source: AMB Crypto