Bitcoin prices are still bearish, holding below $9,200 all weekend. However, enthusiasts still have hopes that the coin will surge. Michael van de Poppe, a crypto trader, mentioned in a YouTube video several reasons why he expects BTC to make a big move soon. Furthermore, he stated that ETH and XRP were also to see an upward correction.
LINK has grabbed the spotlight all week with a rise and settling among the top ten cryptocurrencies in the market. Even after a report that tried to get holders to short the coin, it is still holding steady in the market, hence, a bright future expected.
On the other hand, DOGE has a possible endorsement from Elon Musk following tweets that suggested his stand with the coin. In turn, it has gained about a 14% surge this weekend following the tweets that come after the massive Twitter hack on renowned names globally.
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Crypto.com Launches Anti-phishing Feature for Users
Crypto.com Exchange introduced a new anti-phishing code meant to protect its users from cybercriminals. Lately, hackers have sent phishing emails to users to obtain their private information like credit card details illegally. The new feature is set to deal with such issues and provide users with security and peace of mind when trading. The network has a step-to-step guide on how users can set up the feature. Crypto.com is famous for its unbeaten customer services keeping in mind customers’ needs to formulate a better network.
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The Crypto World and Content Sharing on YouTube
Lately, YouTube has been erasing almost every crypto-related news and content. The video-sharing giant stated that it would deploy automated machinery that would remove any content deemed unfit for society. Crypto Crow and Roger Ver-led Bitcoin.com are among some of the channels temporarily banned from YouTube. This factor forced Crypto content creators to utilize decentralized platforms like DTube and LBRY to display their content.
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Beijing Sees a Breakthrough in Blockchain Technology
The Beijing government saw a positive result after adopting Blockchain technology for almost 140 scenarios. A report shows the simplification of services like loan applications, which require adequate amounts of paperwork and certificates by blockchain use. The Beijing Municipal Bureau of Civil Affairs added that it would allow citizens to fill 80% fewer forms than before and reduce the period required to open a bank account by 40% with the help of identity authentication systems.
More on China blockchain news here.
The Migration to Minds Platform
Minds experienced a rising number of individuals joining the platform lately. A majority of the users were more concerned about their security and privacy, even before the recent Twitter hack targeting prominent individuals. Minds added a unique feature to their system, rewarding users for actively participating in the network in the form of tokens. The network has over 2.5 million users from 240 countries, and approximately 250,000 new users joined from last month.
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India’s Crypto Market to become more efficient with Sylo and Bitbns merger
Digital wallet network Sylo joined hands with exchange platform Bitbns to provide crypto-related services to Indian residents through the Sylo Smart Wallet. The wallet functions through the Ethereum system and provides services like holding or spending cryptocurrencies. Registering for the app is more straightforward, with users signing up with their email or phone number. Sylo saw an increase in 500% of the application’s sign-ups within the second quarter of the year.
Check out more merger news here.