🗞 Daily Crypto News, January, 29th💰

in #cryptolemon • 5 years ago (edited)

  • Bitcoin Cracks $9,400 to Reach Nearly 3-Month High in ‘Asia-Driven Rally’;
  • 51% Attack on Bitcoin Is Now Pricier, Attack on Ethereum - Cheaper ;
  • How to Use Business.Club to Your Advantage ;
  • Why Lightning Payments Aren’t Clicking for Porn Companies (Just Yet) ;
  • Fearing Revolt, Roger Ver’s Bitcoin.com Backs Down From Proposed BCH Mining Tax ;
  • 🗞 Daily Crypto News, January, 29th 💰

Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!

🗞 Bitcoin Cracks $9,400 to Reach Nearly 3-Month High in ‘Asia-Driven Rally’

Bitcoin (BTC) has risen above a key area of resistance to reach its highest point in nearly three months.

On Jan. 28, at roughly 23:30 UTC the price of BTC rose from around $9,150 to $9,400 in less than five minutes to reach an 83-day high, CoinDesk’s BPI shows.

Prices on the world’s largest cryptocurrency by market capitalization continues to gain amid the backdrop of uncertainty in the global markets. The Dow Jones Industrial Average cemented a 1.6 percent loss on Jan. 28 while the S&P 500 index also saw a sharp decline, down 1.5 percent.

Both indices are posting modest gains in after-hours trading as they attempt to correct yesterday's selloff. However, with uncertainty stemming from the Coronavirus outbreak in China, investors could be looking elsewhere to park their funds according to Su Zhu, co-founder of Singapore-based crypto investment firm Three Arrows.

🗞 51% Attack on Bitcoin Is Now Pricier, Attack on Ethereum - Cheaper

When it comes to the estimated possibility of a 51% attack, while there's great news for some networks, several networks have a reason to be worried.

After recent attacks on Bitcoin Gold (BTG), we decided to re-visit both the vital discussion of 51% attack vulnerabilities*, and specific coins we have discussed previously in December 2018 and April 2019, to see how these have fared over the course of almost a year. Besides the eight previously discussed coins, we introduce two more interesting cases.

The results were quite representative of the realistic situation, one may say, as four of the listed ten coins have strengthened up, while the defense of the rest has dwindled since April last year. It goes to show that this is another pricey element of the Cryptosphere that can change quickly and that there's no time to rest in keeping the defense up against it.

🗞How to Use Business.Club to Your Advantage

Building your own business is tricky. What’s even trickier is attracting both potential customers and partners that have a similar vision in terms of security, transparency and immutability - all achieved through blockchain. Luckily, with Business.Club, this is now easier than ever, as the platform offers a social network profile to every user of their Active Wallet so that they can connect with like-minded individuals, as well as inspire and build up others and lead them to success.

Business.Club is a constantly evolving ecosystem that offers a myriad of services, all centered around having everything in one place. This means that the platform offers a native token, traded at the rate of 1 BCT = 1 USD, an Active Wallet, a social network, Visa crypto cards, and many other things. The token can be used on the social network, for example for purchasing ad space, sponsoring your content to have it reach a bigger audience, purchasing more bandwidth or storage space on the Business.Club Cloud - but also to transfer funds between users in a quick, secure and transparent way through the blockchain.

If you already have an idea for a business in mind, Business.Club offers you the opportunity to build your team with an additional incentive: earn a percentage for every new person you recruit, tallied through the passive income generated in your Active Wallet. Similar to a company’s shareholders receiving dividends, so people holding BCT receive some of the generated profit from transaction fees, with the amount you get depending on previous holdings of the token. With a minimum deposit of 250 BCT, you can get started by introducing other people - possibly those that are part of your business in the first place, or friends and family that want to learn more about blockchain while utilizing it to the best of its abilities - and the platform will add to your passive income depending on the amount invested by your downline

🗞Why Lightning Payments Aren’t Clicking for Porn Companies (Just Yet)

Bitcoin may finally achieve broader traction through the adult entertainment industry in 2020, but the chips aren’t stacked in its favor.

So far, typical sex industry businesses like London’s 23 Paul Street strip club, said in June the venue stopped accepting bitcoin because customers simply weren’t paying with it. But the lightning network, a layer on top of bitcoin used for faster transactions with lower fees, may now be ready to facilitate broader payments for online platforms.

Iterative Capital’s Escher project offers fiat on-ramps to the lightning network, with other projects like Zap offering similar functionality. There are now service providers to feed a fledgling demand for lightning channels.

According to Veronika Mishura, marketing manager at the payment processor CoinGate, her startup processed 1,400 lightning invoices in 2019 for clients like adult industry sites LiveJasmin and CooMeet, with the average payment being worth around 12 euro. A LiveJasmin spokesperson confirmed the site does receive lightning payments for porn, although he declined to specify details.

🗞 Fearing Revolt, Roger Ver’s Bitcoin.com Backs Down From Proposed BCH Mining Tax

According to a statement earlier today, Jan. 28, Roger Ver’s Bitcoin.com is backing down from the 12.5% mining tax on Bitcoin Cash they proposed along with other major BCH mining pools owing to the community’s overwhelming negative response to the proposal.

Bitcoin.com’s position

Last week, Bitcoin Cash (BCH) personalities proposed a 12.5% tax on mining rewards that would ostensibly go to funding network development. Now Bitcoin.com has rejected the proposed mining tax unless serious alterations are made:

"As it stands now, Bitcoin.com will not go through with supporting any plan unless there is more agreement in the ecosystem such that the risk of a chain split is negligible. We think it is clear that the existing proposal does not have enough support.”

🗞 Daily Crypto News, January, 29th💰

  • BitcoinSoV (BSOV)

Current Cube Contract End

  • Stellar (XLM)

"Reminder: The next #Stellar test network reset will be on Wednesday, January 29, 2020 at 0900 UTC."

  • Cosmos (ATOM)

"Delegators have until 29 Jan to cast their vote [for first spend from the community pool]."

  • Bitcoin Incognito (XBI)

Telegram AMA at 20:00 (GMT) covering topics such as new beta website presentation, new roadmap, dev update, and more.

  • Holo (HOT)

"We invite you to join us for our first ever HoloPort Demo Meetup! Come join Holo team members and community members for this Holoport..."

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