📈Bloomberg suggests that Bitcoin should be $15,000 according to this adoption metric

Bloomberg’s crypto analyst Mike McGlone believes that the recent all-time highs in Bitcoin’s hashrate and more importantly, the 30-day average of active Bitcoin addresses, suggests a $15,000 price level for the asset:

“The Bitcoin hash rate continues to increase and recently reached new highs. Also advancing are addresses used. A top metric for adoption, the 30-day average of Bitcoin addresses is equivalent to the price closer to $15,000 when measured on an autoscale basis since 2017.”

McGlone has remained optimistic about Bitcoin throughout its ups and downs. He says that Bitcoin appears to be a leader in “paradigm shift toward digital money and stores of value” and although he admits that it can still fail, he believes this to be unlikely, concluding:

“Our graphic depicts primary on-chain metrics that would need to reverse for Bitcoin to not keep appreciating in price — the hash rate and active addresses.”

European Commission officially proposes regulatory framework for crypto-assets and stablecoins

The European Commission has today officially proposed a regulatory framework for crypto-assets and stablecoins after a leaked draft proposal went viral last week.

The 168-page official draft proposal (provisional), published Thursday, highlights the need for a "sound" legal framework, clearly defining the regulatory treatment of all crypto-assets that are not covered by existing EU financial services legislation.

Crypto assets, especially stablecoins, have the potential to become widely accepted, said the commission. Hence, they would be subject to "more stringent requirements" regarding capital, investor rights, and supervision. The proposal is in line with the leaked version from last week.

More:

https://www.theblockcrypto.com/post/78713/european-commission-official-proposal-regulation-crypto-assets-stablecoins

Introducing Pool Savings: Miners Can Receive Up To 30% in Interest
https://www.binance.com/en/support/announcement/3d97d8c444e64909a6d6991fa27de1c8

PowerTrade is trading on BitMax at 5.4x from the community sale price and the price of the last round of the private sale.

The tokens unlock linearly, every second, over 3 months.

https://bit.ly/36gQcvx

❌Breaking: Binance blacklisted in Russia

The Russian Roskomnadzor (the Federal Service for Supervision of Communications, Information, Technology, and Mass Media) added the cryptocurrency exchange Binance to the blacklist.

According to the announcement published on the platform's Russian portal, the regulator concluded that the Binance's website contains the forbidden information. Namely, the regulator cited information about purchasing cryptocurrency (Bitcoin).

The company emphasized that it had never received any notifications or warnings from state authorities or law enforcement authorities. Now the legal department is consulting the experts to clarify the issue.

At the time of writing, the Binance website and services are still available for the Russian users.

https://www.fxstreet.com/cryptocurrencies/news/breaking-binance-blacklisted-in-russia-202009250748

Cryptocurrency Exchange KuCoin Hacked.

A lot of Bitcoin, Ethereum, and other cryptocurrency left the exchange all at once. About $150 million worth, actually.

https://decrypt.co/43015/cryptocurrency-exchange-kucoin-likely-hacked-reports
https://www.kucoin.com/news/en-kucoin-security-incident-update

⏰Tomorrow at 12.00 UTC Coinlist closes the NuCypher WorkLock participation window. For those who are not familiar with the event, Worklock is an opportunity to get NuCypher tokens for free by freezing your ETH for six months. In total, the project will be distributing 22.5% of tokens (225 million).

🔐 At the moment, 133 400 ETH are locked in the Worklock smart contract (check it here - https://etherscan.io/address/0xe9778E69a961e64d3cdBB34CF6778281d34667c2).
94k ETH were sent to participate via Coinlist, of which 60k are already locked in the smart contract. In the end, there will be appx. 200 000 ethers locked. For an even count, let's assume it’s gonna be even 225 000.

🔍To get the number of tokens per ETH frozen we divide the total distribution number by ETH locked. This gives us 1000 tokens per ether (this is, most likely, a pessimistic forecast). At a pre-sale price of $0.13, each ETH means we’ll be getting $130 worth of NuCypher tokens. Considering the project scope, $130 can be multiplied by several X.

An article for those, who are interested in taking a dive into bot frontrunning in the Ethereum mempool: https://medium.com/@danrobinson/ethereum-is-a-dark-forest-ecc5f0505dff

One more piece explaining in detail how frontrunning bots manage to capitalise on whale transactions on Uniswap: https://medium.com/@mierzwik/how-to-munch-on-pickles-from-a-whale-dinner-edb5628cc769

Freeze, pause, reboot: Projects react differently to $200M KuCoin hack

KuCoin reported at least $129M of the affected funds are ‘safe.’

Following news of a security breach resulting in the loss of more than $200 million worth of tokens on KuCoin, many projects quickly reacted to prevent users’ holdings from being moved off to other exchanges. 

Speaking to Cointelegraph, KuCoin Global CEO Johnny Lyu said at least $129 million of the tokens affected in the breach and the Bitcoin (BTC), Ether (ETH), and ERC20 hot wallets impacted were “safe” or in a position to be recovered. Though reports initially stated hackers got away with $150 million in tokens, new estimates put the total closer to $200 million.
Hackers stole a number of ERC20 tokens as part of the theft, but many projects were quick to react to the breach.

https://cointelegraph.com/news/freeze-pause-reboot-projects-react-differently-to-200m-kucoin-hack?utm_source=Telegram&utm_medium=social

Today is the last day to join the NuCypher Worklock token distribution.
If you want to know more about NuCypher, check out our interview with the CEO and co-founder MacLane Wilkinson:

https://youtu.be/5AEyIm8NR94

📈📉Is Bitcoin a buy or sell in October?

Bitcoin can weaken in the upcoming days and maybe it is not the best time to buy BTC

As long the price of Bitcoin is above $10 000 this cryptocurrency is not in the "sell" zone

If the price falls below $10 000 it would be a “sell” signal and we have the open way to $9 500

The price of Bitcoin (BTC) has advanced from $9 825 above $11 000 in less than three weeks and the current price stands around $10 690. Bitcoin has found strong support above $10 000 and if the price jumps again above $11 000 that could be a very good opportunity for the short-term traders.

Details :

https://invezz.com/news/2020/09/30/is-bitcoin-a-buy-or-sell-in-october/

DeFiner is holding a Private C round token sale on Coinlist. The details can be found here: https://daomaker.com/sho/definer
To be eligible for the sale you need to fill in the whitelist application first.

Happy to share the news many have been waiting for - the Radix Token Sale will begin on October 8th at 18:00 UTC.

Full details of the token sale timeline can be found here: https://www.radixdlt.com/post/radix-token-sale-timeline-update/

​​September was an active month it terms of DeFi fundraising. Some of the most noticeable DeFi private fundraising events of September 2020.

⏰ Apy.finance has attracted $ 80 million in liquidity in a few hours after the launch. The project's investors include Alameda Research and Arrington XRP Capital.

❓Considering the current TVL, in order to receive 1 token per day, you need to stake about $ 5,000. What the real stqking profitability will is not yet clear, since during the presale, tokens were sold at a price of $ 0.135 and we can only guess how much they will be trading at after the launch. Especially, as the combined share of the team, advisers and early investors exceeds 56%.

The advantage of farming at apy.finance is that the staking risks are not high. The smart contract has been audited and staking is done to stable coins, so there is no risk of impermanent loss.

​​The Graph Network (GRT) has started registration for public sale for non U.S. users. Once a user will fill out the form and provide required documents, he will receive an email confirming KYC completion and will be pre-registered for the GRT sale. More information about the token sale will be communicated by email to all pre-registrants.

Get Up To 45% APY with Binance Liquid Swap

One month since its launch, Binance Liquid Swap is offering users a more rewarding experience with yields of up to 45% on daily interest.

It’s been a month since we introduced Binance Liquid Swap, and thanks to your support, the platform now hosts more than 128 million USD worth of stablecoins, as of October 3.

To further enhance your crypto pooling experience, in the coming days, Binance Liquid Swap will give up to 45% in APY (annual percentage yield) to users who pool their stablecoins on the platform. Regularly check this page for updated yields, and make the most out of this opportunity. For more details about this update, read the FAQ below:

https://www.binance.com/en/blog/421499824684901066/Get-Up-To-45-APY-with-Binance-Liquid-Swap

Centaur lauches public sale registration: https://forms.gle/91Z3CY9JAiCQ3n659

Centaur is partnering with Elrond, IOST, Alliante Capital, GimliPay, Finaura.

Picolo Research rating – 4.5 - https://medium.com/centaur/picolo-report-gives-centaur-a-buy-rating-of-4-5-5e476db329c1

Public sale terms are quite favourable in comparaison to seed and private sale :
- Seed - $ 0.003 - 12 months lock, afterwards annual unlock for 10 years
- Privat - $ 0.0052 - 10% at TGE unlock, then 10% after 3 months, 20% after 6 months and 10% every month for 6 months.
- Public - $ 0.006 - full unlock

Based on these numbers it’s improbable that there will be a dump by private sale participants.
The registration link will be open for a full 72 hours till 5/10 15.00 UTC.
Aftewards a lottery will be drawn.
500 tickets will be issued at the size of 1000USD worth of ETH each.
1 Winning ticket=$1,000 allocation=166,666.67 CNTR
Staking 50% of the public sale tokens will triple (3X) your lottery chances.

CZ doesn't think DeFi is a serious competitor to CeFi and that it will overtake CEX'es any time soon.

Particularly, he looks at the Total Value Locked in DeFi, which is a tiny fraction of CeFi. Moreover, the number of users in DeFi is way smaller than that of CeFi. “Most DeFi users are big whales and players,”.

https://decrypt.co/43818/binance-ceo-cz-zhao-defi-wont-flip-traditional-finance-any-time-soon

​​Metamask will enter DEX market with its ownt Token Swap feature. The token-swapping feature will release first on its Firefox browser extension, before adding extensions for other browsers and MetaMask mobile. MetaMask will support Uniswap, Airswap, Kyber, 0x API, 1inch, dex ag, Paraswap, Totle, and private market makers for the feature. This approach means that users won’t need to navigate these platforms individually to find the optimal price. Earlier Metamask har reported 1M active monthly users of its wallet.