Early Bitcoin Adopter Supports Privacy Altcoin Grin

The crypto market was born from cypherpunks hoping to disrupt the current monopoly over finance, and offer the world additional options that favored privacy and freedom. Bitcoin was the first of its kind, but many altcoin projects have since followed that keep the original goals of cypherpunks strong.
An early Bitcoin adopter, driven by the further pursuit of bringing privacy and freedom to the crypto market, has made a sizeable donation in Bitcoin to the privacy-centric altcoin, Grin.
Early Bitcoin Whale Donates 50 BTC to Privacy Altcoin Project
This week, Grin Product Manager Daniel Lehnberg revealed on the official forums of the Grin altcoin project that they had received a sizable donation originating from an early Bitcoin adopter and cypherpunk, in support of the project.
Grin’s General Fund received a donation of 50 BTC from a donor who wishes to remain anonymous, along with a note from the donor.
Related Reading | Published Author and Altcoin Trader Highlights 5 Crypto Set to Outshine Bitcoin 
The donor says that Grin makes them feel like it’s 2009 or 2010 once again, likely referencing when Bitcoin first was released into the wild and hope was still fresh and young. The donor claims their motives are only about pushing the technology and altcoin’s protocol forward and ask the Grin team to put the donation “to good use for the development of GRIN.”
The blockchain data suggests that the account associated with the 50 BTC donation dates back to 2010, suggesting that the donor is among the earliest adopters of Bitcoin and cryptocurrencies, and is assumed to be an early cypherpunk.

One more 50 btc donation to Grin, this time a coinbase from 2010 https://t.co/JXkTJ78lVB https://t.co/JhyQOCh3We
— hashmap (@hashmap) November 11, 2019

Whoever they are, they are supporting Grin financially, and appear to be using their funds to attempt to push crypto as a technology even further through the altcoin. Since they asked to remain anonymous, privacy is clearly a topic of concern for the donor, which could be in part why they selected Grin as a project they’d like to support.
What Exactly Is Grin?
Grin is a relatively new altcoin, first launching in January of this year. Grin is a censorship-resistance, privacy-focused crypto project, that utilizes the mimblewimble blockchain.
Like Bitcoin, no entity controls or owns Grin, and its development is supported by the donations of others like the early Bitcoin whale or through the sales of related merchandise created by the current volunteer dev team.
Related Reading | Will Next Gen Altcoins Boom During Next Crypto Bull Run? 
Grin is a proof-of-work cryptocurrency, with each block reward offering miners 60 Grin for each block validated. There wasn’t an ICO or pre-mine, and instead, the altcoin’s distribution began with the mining of the project’s genesis block much like Bitcoin.
Where it differs from Bitcoin, is in the fact there are no addresses on the Grin blockchain, enabling confidential transactions that obscure ownership and any amounts transferred.
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The post Early Bitcoin Adopter Supports Privacy Altcoin Grin appeared first on NewsBTC.
Source: New feedNewsBTC.com

Ant Financial Commences Testing of Its Business Blockchain

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Ant Financial Commences Testing of Its Business Blockchain
Alibaba’s Ant Financial blockchain has been developed with an aim to provide support to small and medium-sized businesses.
Ant Financial Commences Testing of Its Business Blockchain

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Source: CoinSpeaker

Bitcoin Options volume registers weekly low, but sentiment remains bullish

Bitcoin’s derivatives market entered the frame back in 2017. However, 2019 saw the most significant growth in terms of institutional interest. With the launch of Bakkt’s Bitcoin Futures, profitabilityThe post Bitcoin Options volume registers weekly low, but sentiment remains bullish appeared first on AMBCrypto.
Source: AMB Crypto

Blockchain must offer significant improvements over existing systems: Report

Recently, ConsenSys published the Singapore Blockchain Ecosystem 2019 report, a report which addressed the nation’s blockchain landscape.  The report was co-authored by Temasek, Monetary Authority The post Blockchain must offer significant improvements over existing systems: Report appeared first on AMBCrypto.
Source: AMB Crypto

The Royal Bank of Canada to Launch Its Cryptocurrency Exchange

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The Royal Bank of Canada to Launch Its Cryptocurrency Exchange
The Royal Bank of Canada (RBC), the country’s biggest bank with over $900 billion in total assets, is reportedly looking to launch its own crypto exchange.
The Royal Bank of Canada to Launch Its Cryptocurrency Exchange

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Source: CoinSpeaker

Can BLOCKTV Transform Content Monetization Models with the BLTV Token?

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Can BLOCKTV Transform Content Monetization Models with the BLTV Token?
BLOCKTV has come up with a new monetization solution. It’s created a token, called BLTV, which will soon be listed for trading on Bittrex. 
Can BLOCKTV Transform Content Monetization Models with the BLTV Token?

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Source: CoinSpeaker

apM Coin to Premiere on Bittrex Global on November 14th

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apM Coin to Premiere on Bittrex Global on November 14th
apM Coin, a blockchain project from Dongdaemun wholesale giant apM Group, will launch its platform token on Bittrex Global on November 14th, 2019.
apM Coin to Premiere on Bittrex Global on November 14th

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Source: CoinSpeaker

Bitcoin (BTC) Price Action Remains Puzzling

Bitcoin is on the verge of a major decline but it was here before and the downtrend was delayed. Now that we are close to the beginning of a major downtrend, we are seeing similar manipulation as before. The market makers and the whales have become too comfortable playing these games in the absence of regulation. If anybody complains, they will just chalk it up to volatility and indecisiveness. If this was happening in the stock market, it would be a whole different story. Anyway, the BTC/USD price action remains marred by confusion. We do not have a clear direction and traders are still unsure which way the price will swing next. However, as long as the price remains above the 200 MA on the 4H time frame, I think it is really a gamble to try to short this market considering the manipulation.

It is very risky to be bearish on the cryptocurrency market at the moment until and unless we have confirmation. Bitcoin (BTC) has yet to close below the 200 day EMA and that is something I would want to wait for before deciding to be short term bearish. Now, doing that, I understand that I might end up missing out on part of the move to the downside or end up losing some of the value of my investment in case I’m holding any coins. However, it would be well worth the confirmation because without that things could turn quickly in any direction. It is important to wait for confirmation because market moves could be very misleading especially in this market. A gravestone doji that is normally followed by downside in most markets might not lead to a similar downtrend here because the stakes are too high and there is unprecedented market manipulation at play.

The EUR/USD forex pair might soon decline to test the 61.8% fib retracement level but it can bounce back up strongly from there. As for Bitcoin (BTC) and other cryptocurrencies, we may continue to see delaying tactics to stall the inevitable but it is not likely to continue for long. Every time we enter a point where the market is expected to decline sharply, the big players come to the rescue, out of nowhere, and pump it back up. We can see now that Ethereum Dominance (ETH.D) keeps rising while Bitcoin Dominance (BTC.D) keeps falling. This does mean that BTC/USD could trade sideways for a while and ETH/USD and other altcoins might rally for now. However, the focus must remain on the big picture and that is an inevitable decline within the descending channel in the weeks ahead.
Source: Crypto Daily