December 5, 2020
British politician and leader of the Brexit Party, Nigel Farage is lauding bitcoin branding it as the ultimate anti-lockdown investment. The controversial politician’s comments are drawn from one edition of his daily ‘Fortune & Freedom’ newsletter whose mission is to help “get your money and your destiny back in your hands.” Everyone Is Interested The newsletter is published by Southbank Investment Research whose mission is to “publish investment ideas that can change one’s life for the better.” Meanwhile, following the newsletter’s publication, Farage alongside Southbank’s Sam Volkering sat down for an interview. In this discussion, the politician doubles down on his newfound fondness for bitcoin. In his remarks, Farage, a libertarian who helped spearhead the Brexit campaign, says “from the poorest to the richest in the land, one of the conversations that’s going on is about cryptocurrency.” Expanding on why […]
December 5, 2020
While the bitcoin economy has swelled in value, the overall network hashrate has gradually climbed higher as miners are making a lot of money confirming blocks. However, obtaining bitcoin mining rigs isn’t so easy these days, and regional reports from China indicate a great number of ASIC manufacturers are sold out for months. Moreover, because of the clear shortage, bitcoin mining rigs being sold on secondary markets have seen values increase by 30-40% per machine. Bitcoin Mining Rigs in China Sell Out, Miners Grow Worried About Future Supply Bitcoin mining is extremely competitive, as massive operations with warehouses filled with application-specific integrated circuit (ASIC) devices are pointing hashrate at the BTC chain in order to profit. Bitcoin (BTC) prices per unit increased in value a great deal this year and touched an all-time price high on a variety of exchanges […]
December 5, 2020
Fidelity Digital Assets president Tom Jessop says that bitcoin is not a true store of value just yet because the digital asset is still too volatile, Reuters reported. However, investors are optimistic bitcoin will attain this status. “We use the word ‘potential store of value’ as bitcoin is still extremely volatile, and by any standard perhaps would not achieve the mantle of a true store of value,” Jessop told Reuters’ Global Investment Outlook Summit 2020 on Thursday. “But aspirationally it is, and that’s one of the reasons why so many investors are now thinking about this space constructively.” Bitcoin (BTC) hit an all time high of $19,864 on Nov. 30, fuelled by massive institutional demand. The asset notched up about 47% in gains last month, and is up more than 400% since the Black Thursday crash of March 12. Institutional […]
December 5, 2020
She believes that by agreeing to certain “Terms of Service,” users abdicate a portion of their rights.
December 4, 2020
Ripple’s partnership with MoneyGram may not be as warm as it once was, but it’s paying off.
December 4, 2020
Analysts warn that a recovery in gold and the U.S. dollar index could negatively impact Bitcoin’s bullish momentum.
December 4, 2020
While bitcoin and a number of digital assets set new 2020 price highs, a variety of crypto-asset commentators have detailed that since October, there’s been a lot of bitcoin buying action during U.S. market hours. Data shows that between East Asia and North America, the two regions account for close to half of all the bitcoin transfers this year. Recent research also highlights bitcoin buying during U.S. hours suggests that institutional buyers are dipping their feet into the crypto economy. Reuters Reports American Investors Are ‘Gobbling Up’ the Bitcoin Boom In the U.S., bitcoin has been trending on social media, as the news publication Reuters recently published a story about a great number of North Americans buying into the bitcoin phenomenon. In fact, the report notes there’s been a “massive flow of coin” this year “to North America from East […]
December 4, 2020
IOHK is planning a “smooth upgrade path to Goguen.”
December 4, 2020
Many altcoins are seeing sharp corrections as Bitcoin price struggles to hold $19,000 as support.
December 4, 2020
Coinbase will help COPA on its journey of defending against patent overreach.
December 4, 2020
Preliminary talks are underway to begin testing the e-CNY in the special administrative region of Hong Kong.
December 4, 2020
Music and podcast streaming service Spotify posted a job offer that woke up interest in the crypto community, as it’s related to supporting cryptocurrencies for payments on the music platform, potentially. Spotify Is Treading Crypto Waters With a New Job Listing According to the job listing published on the talent acquisition platform Lever, the company is looking for an “Associate Director, Payments Strategy & Innovation” who is expected to bring in new payment strategies. The description of the job role, based in their London offices, details: This role will report to the Director, Payments Strategy & Innovation and will play a key part in defining and implementing Spotify’s payments strategy as well as leading Spotify’s activity within the Libra stablecoin project and wider digital asset & cryptocurrency space. The music streaming service giant explains that the director should look for […]
December 4, 2020
It’s a possible hurdle to cross, but it could take some time.
December 4, 2020
The asset manager says Ethereum’s mass appeal is growing.
December 4, 2020
United States SEC Commissioner Hester Peirce wants to focus on new guidance for DeFi and future Ethereum projects.
December 4, 2020
MicroStrategy CEO Michael Saylor draws a comparison between Bitcoin and NBA star Lebron James.
December 4, 2020
Tentative clampdowns coming from both the Treasury and the House in the United States lead this week’s Law Decoded.
December 4, 2020
Hong Kong Chief Executive Carrie Lam says she is currently unbanked and keeps piles of cash stashed at her home courtesy of US sanctions. Alongside 14 Chinese and Hong Kong officials, Lam has been slapped with punitive measures that effectively cut her off from the banking system. The US government announced the sanctions in response to the imposition of the national security law on the Hong Kong territory. Cash Salary The US government, through the Office of Foreign Asset Control, can effectively enforce its policy objectives on non-US entities via the threat of punitive fines for defiant financial institutions. According to one report, it is this risk of running afoul of US policies that stops even mainland Chinese banks from extending services to the Hong Kong chief. Lam, who reportedly earns an annual salary of $672,000, narrated her unusual predicament […]
December 4, 2020
Forthcoming regulations are “going to be a lot less bad than people will worry about.”
December 4, 2020
Bitcoin miner Argo Blockchain reported Thursday that revenue climbed 23% to £1.48 million ($1.98 million) in November compared to £1.2 million ($1.6 million) the previous month. ● The London Stock Exchange-listed firm mined less bitcoin (BTC) in November (115 BTC) than it did in October (126 BTC) “due to changes in mining difficulty”, but bitcoin’s surging prices helped push revenue higher. ● The price of bitcoin soared more than 50% last month to a new all-time high of $19,864 reached on Nov. 30. ● Altogether, Argo has extracted a total of 2,369 BTC year-to-date, worth around $45.7 million at existing prices. As at the end of October, the company held the equivalent of 178 bitcoins in reserve. ● Peter Wall, chief executive officer of Argo, said mining margin averaged 57% for the month in review, up from 40% in October. […]
December 4, 2020
PRESS RELEASE. Streamix.io, a crypto currency DeFi startup and social media platform for streaming and gaming, partnered with ValueDeFi.io, which allowed Streamix to be one of their first cryptocurrency projects to use their FaaS (Farming-as-a-Service) platform and drive more value. See and trade current MIXS spot price 24/7 or learn more: https://bit.ly/39nUUJo “Streamix is one of the first projects to use the FaaS platform and we’re very excited with the interest it has garnered in the crypto community. Our phenomenal growth in DeFi yield farming on ValueDeFi has surpassed our wildest expectations. In less than 48 hours, we broke $600K in total liquidity on their platform and the continuous trading momentum is very encouraging.”, said Sugnesh Patel, CEO & Co-founder of Streamix.io. Streamix recently launched their first high APY DeFi liquidity mining program with the help of ValueDeFi.io, which is […]
December 4, 2020
In Pakistan, a provincial government has passed a draft resolution on December 2, 2020, that demands the federal government to take steps towards legalizing both cryptocurrencies and crypto-mining activities. A Crypto-Friendly Draft Resolution Approval Sets a Precedent in Pakistan The Provincial Assembly (MPA) of Khyber Pakhtunkhwa, one of the four provinces in the country, made the official announcement after holding discussions in the midst of a nationwide dialogue about if the federal government should legalize crypto assets and take it out from the limbo. Dr. Sumera Shams, a member of the Provincial Assembly, said in a tweet that he expects Pakistan could progress towards digitalization “to compete for the world.” He also praised the assistance of Zia Ullah Bangash – Advisor to Chief Minister of Khyber Pakhtunkhwa on Science & Technology and Information Technology – and Fawad Hussain, Federal Minister […]
December 4, 2020
The price of Bitcoin may be due for a deeper correction as the upward momentum is showing weakness.
December 4, 2020
After an earlier attempt, China Construction Bank has gone back to the drawing board with new partners and a new proof-of-concept for a blockchain-based bond.
December 4, 2020
The United Nations wants to tackle urban challenges like land grabbing and inefficient use of space with blockchain technology.
December 4, 2020
A Spanish professor and economist stated that cryptocurrencies have brought out the “obsolescence” of central banks, although their capitalization is still “very insignificant.” Crypto Is Not Only About the ‘Speculative Noise’ Pablo Agnese, an economics professor and lecturer in the Department of Economic and Business Organization at the Universitat Internacional de Catalunya in Barcelona (UIC Barcelona), told Europa Press in an interview that young people could lead cryptocurrencies to even stronger mainstream adoption. The academic believes that young people’s flexibility in terms of adopting new technologies, including blockchain, makes them more open to understanding what the world of crypto is about, “beyond the speculative noise.” On the “obsolescence of central banks,” Agnese says that, together with central banking, it has managed to form a “powerful legal monopoly” that cryptocurrencies have called into question. Hence, he believes that both are incompatible […]
December 4, 2020
The draft resolution reportedly notes that digital currencies are likely to replace paper currencies in the future.
December 4, 2020
A huge sell wall at $20,000 may see a major transfer of wealth from whales to institutions based on current data.
December 4, 2020
The Swiss National Bank and the BIS don’t want to miss out on possible blockchain-powered benefits for the financial system.
December 4, 2020
Three U.S. lawmakers have introduced a bill that will force private stablecoin issuers to obtain a banking charter (or license) and approval from the Federal Reserve before they can issue a stablecoin. Instigated by Rep. Rashida Tlaib, with support from Reps. Jesús García and Stephen Lynch – all of them Democrats – the proposed law will also require issuers to get prior approval from the Federal Deposit Insurance Corporation (FDIC) and other bank regulators. It will demand that any stablecoin issuers obtain FDIC insurance or “otherwise maintain reserves at the Federal Reserve to ensure that all stablecoins can be readily converted into United States dollars, on demand.” Titled ‘Stablecoin Tethering and Bank Licensing Enforcement (Stable) Act,’ the draft law has drawn widespread criticism from cryptocurrency proponents, with many looking at it as a brazen attempt to stifle technological development. But […]
December 4, 2020
Bitcoin cash price failed to clear the $320 resistance and corrected lower against the US Dollar. The price is now trading below the $300 level and the 55 simple moving average (4-hours). There is a major contracting triangle forming with support at $285 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair could decline heavily if there is a clear break below the $285 support zone. Bitcoin cash price is struggling to stay above $285 against the US Dollar, while bitcoin is well above $19,000. BCH/USD is likely to decline heavily if it breaks the $280-$285 support zone Bitcoin Cash Price Analysis After testing the $250 support zone, bitcoin cash price started a decent increase above the $270 and $280 levels. BCH price even broke the $300 resistance and the 55 simple moving average (4-hours). […]
December 4, 2020
An equity and derivatives strategist with a global financial services firm specializing in institutional trading believes that bitcoin has a place in investment portfolios. He has a price target for bitcoin of $50,000 in 2021. Bitcoin Has a Place in Investors’ Portfolios BTIG is a global financial services firm specializing in institutional trading, investment banking, research, and brokerage services. The firm has over 3,000 institutional and corporate clients worldwide, according to its website. Its chief equity and derivatives strategist, Julian Emanuel, talked about bitcoin in an interview with CNBC’s Fast Money earlier this week. He was asked if bitcoin has a place in investors’ portfolios instead of cash. The chief equity strategist replied: “It is not necessarily instead of cash. It is instead of the 40% that would be the traditional 60/40 bond allocation.” He explained that “if the Fed […]
December 4, 2020
Second-layer Ethereum scaling solution OMG Network has been acquired by Hong Kong-based OTC trading firm, Genesis Block.
December 4, 2020
Shapeshift CEO Erik Voorhees believes any asset manager who is ignorant of Bitcoin “needs to seriously check their premises.”
December 4, 2020
Polkadot is making moves to expand its ecosystem, announcing a new DeFi Alliance alongside a new support program for validators.
December 4, 2020
Amid November’s 42% Bitcoin rally, roughly 185,600 BTC that hadn’t moved in at least 12 months was transferred on-chain.
December 4, 2020
The governor of the Central Bank of Nigeria (CBN) Godwin Emefiele says the embrace of the parallel market exchange rate by some professionals in that country is unfair and unfortunate. The CBN governor says the parallel foreign exchange market only accounts for a share of the market that does not exceed 5%. He also adds that this market is popular with corrupt individuals because it enables them to facilitate their illegal activities. Parallel Market Tainted Emefiele’s remarks were prompted by reports in late November that the local Naira currency has plunged to 1:480 against the U.S. dollar. This is in contrast with 1:380 which the CBN says is the actual rate. In remarks made during the CBN’s monetary policy committee (MPC) press briefing on November 24, Emefiele decries the use of what he terms a “tainted market” to determine the […]
December 4, 2020
Ripple could be forced to burn its entire XRP holdings if the community votes for it, the company’s CTO David Schwartz has confirmed.
December 4, 2020
The interview with Bitcoin SV advocate Jimmy Nguyen on Fox Business came to an abrupt end after only two minutes.
December 4, 2020
PRESS RELEASE. Securypto focuses on safe and truly anonymous exchange of data. In a world where datahacks have become the norm rather than the exception, anonymity has become a necessity. Acknowledging the massive support from their community, Securypto lead developer Sam Nokati expressed his appreciation: “To all who believe in Securypto and continue to express your amazing support for the SCU token sale, as a show of our tremendous appreciation, we are going ahead of schedule with our token listing. Bilaxy is a world-class digital asset trading platform and we are proud to be listed on such a reputable exchange. For the DEX supporters, we have selected UniSwap, the leading decentralized permissionless exchange.” Bilaxy support has quite been unprecedented , “Bilaxy has always been the home of crypto hidden gems, and we are happy to support more promising blockchain projects […]
December 4, 2020
According to researchers at the University of Bern, the presence of faulty or malicious nodes on the Ripple network could have “devastating effects.”
December 4, 2020
Bitcoin price has overtaken its 2017 high, but should investors expect the top-ranked altcoins to do the same?