Crypto Roundup: October 5th, 2020 | NewsBTC


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.

How To Get Free Crypto  

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 that scaling solutions won’t be ready for several years.

14 BTC & 95,000 Free Spins for every player, only in mBitcasino’s Exotic Crypto Paradise! 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.

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.

Coinbase Banner  

Learn more about staking Cardano and Tron.

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.

FreeBitcoin Banner  

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.

Image by WorldSpectrum from Pixabay

Go to Source
Author: Guest Author


Recommended Crypto Services, Products and Strategies:

The first thing any crypto investor needs is is a reliable and secure Crypto Wallet.  Whether you’re looking for an online wallet, hardware wallet, desktop or mobile wallet, Crypto Renegade provides you with all the Best Crypto Wallets in each category.

Best Crypto Wallets Banner

When you’re ready to buy more crypto, or exchange your coins for others, Crypto Renegade’s list of the Best Crypto Exchanges has you covered.  The Crypto Exchanges recommended here offer everything from simplicity and convenience to advanced trading platforms and profit sharing. 

Best Crypto Exchanges Banner

If you want to learn more about the methods and tools that can be used to find Great Crypto Projects, then be sure to check out Crypto Renegade’s strategy for How To Find The Best Cryptocurrency.

Crypto Strategy Banner

For those people that don’t have any money to invest right now, or just want to understand the technology a bit more, you’ll definitely want to check out Crypto Renegade’s Free Crypto Strategy and start collecting Free Coins today!

Free Crypto Banner

What do you think about cryptocurrency? Do you have any questions about it? Be sure to leave a comment below.

This site uses Akismet to reduce spam. Learn how your comment data is processed.