• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Play Games
  • BET&WIN
  • Bitcoin Casino Reviews
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Play Games
  • BET&WIN
  • Bitcoin Casino Reviews
Bitcoinist.com
No Result
View All Result
bitcoin crypto
Nexo

Bitcoin and Crypto Market Roundup, October 5, 2020

Bitcoinist by Bitcoinist
2 years ago
in Trade
0
Advertisement

Bitcoin remains buoyant and is now approaching $11k for the third time despite repeated waves of uncertainty crashing over the crypto market.


Last Thursday, U.S. regulators filed charges against the founders of crypto exchange BitMEX, who stand accused of failing to prevent money laundering. Adding to the uncertainty, Ethereum founder Vitalik Buterin dropped another bombshell, claiming in a developer thread that the blockchain is currently “nearly unusable” for many types of apps, and those scaling solutions won’t be ready for several years.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

These events conspired against the market; sending Bitcoin on a brief detour to $10,300 before it bounced on Friday as Trump tested positive for Covid-19 following a fiery debate with presidential candidate Joe Biden. 

This Week’s Highlights

  • eToro Launches Staking for Cardano and TRON
  • BNB Gains From BitMEX’s Loss
  • Zcash Surges on Shielded Transaction Adoption

eToro Launches Staking Services

eToro has launched a staking service for Cardano and Tron, becoming one of the first exchanges to support the staking of Cardano. This allows holders of supporting cryptocurrencies to earn as they HODL, without any of the hassle and complication of staking individually. 

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

To get rewarded, users can simply buy and hold Cardano and Tron on eToro. They will then automatically receive more of the crypto asset each month, along with an email detailing the aggregated monthly yield and total reward given.

Learn more about staking Cardano and Tron.

What is the best crypto casino in July 2022? Read our comprehensive comparison! We made deposits, played and reviewed 80+ crypto casinos to choose the best one.

BNB Gains From BitMEX’s Loss

Traders have fled the BitMEX exchange as the founders face charges of wrong-doing from U.S. authorities. 

Yet while BitMEX is under scrutiny, Binance Coin is feeling the benefit. The native token of the Binance Chain has increased more than 8% over the past week and is now rapidly approaching $30. This rally puts the coin back in the top five cryptocurrencies as measured by market cap.

Zcash Surges on Adoption of Shielded Transaction 

Privacy coin Zcash has made double-digit gains this week, as its signature shielded transactions feature garners increased adoption.

Shielded transactions grant selective privacy to senders and recipients, but the feature is not supported by the majority of exchanges due to concerns over regulatory compliance.

Since the Gemini exchange enabled shielded transactions last week, Zcash has seen a surge of transactions protected by the shielding technology. September saw a new record of 18,716 fully shielded transactions, representing 11% of all Zcash transactions.

The Week Ahead

As DeFi mania fades and the U.S. election comes into focus, we could see Bitcoin take center stage over the next few weeks.

The biggest factor influencing both cryptocurrency and global markets is likely to be President Donald Trump’s illness, which is now threatening to impact the presidential election. Experts give the president a 95% chance of survival, but the uncertainty around his illness could still create volatility.

Nevertheless, with a new record of 70 days above $10K, Bitcoin’s resilience in the face of turmoil bodes well for its ability to weather the coming storm.

 

 

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Bitcoinist

Bitcoinist

Bitcoinist is the ultimate news and review site for the crypto currency community!

Related Posts

Bitcoin Hovers Below $50k After Weekend Wipeout – Crypto Roundup, Dec 6, 2021

Bitcoin Hovers Below $50k After Weekend Wipeout – Crypto Roundup, Dec 6, 2021

8 months ago
Crypto Market Analysis: December 6, 2021

Crypto Market Analysis: December 6, 2021

8 months ago
bitcoin

Inflation fears sparks Bitcoin rally before Taproot – Crypto Roundup, Nov 15, 2021

9 months ago
crypto market analysis

Crypto Market Analysis: November 15, 2021

9 months ago
ETF approval drives Bitcoin towards all-time high at $65K – Crypto Weekly Roundup, October 18, 2021

ETF approval drives Bitcoin towards all-time high at $65K – Crypto Weekly Roundup, October 18, 2021

10 months ago
Crypto Market Analysis: October 18, 2021

Crypto Market Analysis: October 18, 2021

10 months ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2022 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Play Games
  • BET&WIN
  • Bitcoin Casino Reviews

© 2021 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.