October 23, 2020

Grayscale Added $300M in Digital Assets to Its Portfolio During the Last Day

Digital asset manager Grayscale Investments has acquired an additional $300 million in cryptocurrencies over the last 24 hours. See also: Grayscale Tells SEC Its Bitcoin Trust Rose $1.6B Over Six Months
October 23, 2020

8 Countries Stricken With Rampant Inflation See Bitcoin Prices Touch All-Time Highs

The price of bitcoin touched new highs in 2020 and a number of supporters are optimistic that the crypto asset’s value will drive higher. In addition to this year’s bitcoin price high, around eight different countries have seen bitcoin touch all-time highs (ATH) in their local currency. The bitcoin ATHs in these countries show how rampant inflation has ravaged these currencies a great deal during the last year. 2020 has been a hard year as far as the global economy is concerned, and the nation state’s responses to the coronavirus made things a lot worse. Cryptocurrency markets dropped significantly in mid-March following the ‘Black Thursday’ market rout, but have come back in a big way since then. For instance, the price of bitcoin (BTC) has climbed more than 261% since the value dropped to $3,600 on March 12, 2020. BTC […]
October 23, 2020

Crypto P2P adoption in Middle East stymied by politics and tech

Data published by Arcane Research suggests that major P2P crypto platforms have struggled to take off in Iran and Lebanon.
October 23, 2020

Filecoin Network Upgrade Goes Live, Miners Claim 25% Block Rewards

The mandatory upgrade is the first post-launch upgrade to the Filecoin network.
October 23, 2020

Grayscale adds a ‘cool $300M’ in a day and $1B this week

“Added a cool $300 million in AUM in one day,” boasts Grayscale CEO Barry Silbert.
October 23, 2020

3 key metrics and disinterest from pro traders hint at Bitcoin price sell-off

Bitcoin price is chasing another 2020 high but top traders refusing to open longs is a bearish signal.
October 22, 2020

PayPal rumored to be eying acquisition of crypto custodian BitGo

Shortly after it was revealed PayPal will launch crypto payments in 2021, rumors are circulating that the payments giant is looking to purchase a digital asset custodian.
October 22, 2020

P2P Trading Resumes on Okex While Withdrawals Freeze Still in Effect: Tron Foundation Announces Cashout Plan for TRX Holders

Asian cryptocurrency exchange Okex says peer to peer trading is now open but the freeze on withdrawals remains in effect. In an update, Okex CEO Jay Hao reveals that buying cryptocurrency via the fiat gateway is now active as well but he fails to give a timeframe for the resumption of withdrawals. In an earlier tweet, the CEO reassures customers that their funds are safe and that withdrawals will commence as soon as possible. On Oct. 15, Okex announced the suspension of withdrawals of cryptocurrency after an unnamed private key holder was taken into custody by law enforcement. However, since the suspension of cashouts, reports have emerged alleging large BTC withdrawals just before the announcement of the freeze. The Okex CEO has, however, issued statements dismissing such reports. Still, anxious Okex customers are expressing dissatisfaction with the exchange’s failure to […]
October 22, 2020

PayPal Said to Be in Talks to Buy Crypto Firms Including BitGo: Bloomberg

The news comes a day after the payments giant confirmed it’s entering the cryptocurrency market.
October 22, 2020

PayPal’s crypto integration means Bitcoin could triple its user base

PayPal’s crypto integration may bode well for Bitcoin price as its user base could triple
October 22, 2020

Not everyone in the crypto industry is thrilled about PayPal’s recent news

PayPal’s Bitcoin integration is “probably not because they want to spur healthy adoption,” explained SatoshiLabs.
October 22, 2020

Brendan Blumer Discusses What Makes Block.One So Important

Block.one and EOS are notable platforms for two reasons. The first is that they held a year-long coin offering between the summers of 2017 and 2018. The second reason? Because even though the Securities and Exchange Commission (SEC) went after the companies for hosting the token sale – which the SEC is typically known to do – both Block.one and EOS came out ahead and garnered a ruling in their favor. This is important given we’re now in a time when companies are known to fall apart the minute the SEC shows any sort of resistance. Block.one Has Come a Long Way While neither company walked away completely unscathed, they were able to settle the massive charges against them for a mere $24 million. This amounted to less than 0.6 percent of what it earned from the token sale. In […]
October 22, 2020

Blockstack PBC changes its name to ‘Hiro’

The name is a reference to the protagonist in Neal Stephenson’s novel, Snowcrash.
October 22, 2020

Market Wrap: Bitcoin Sticks Around $13K While Ether Locked in DeFi Dips

Bitcoin’s price continues its upward trend while ether holders withdraw crypto from DeFi.
October 22, 2020

A Guide to Circles, the Project Bringing UBI and FOMO to Ethereum’s xDai Sidechain

Circles has had its glitches in the early going. Here’s what you need to know to get into the newest crypto-powered universal basic income (UBI) project.
October 22, 2020

‘Google Is One of the Most Important Antitrust Cases of All Time,’ With Matt Stoller

The author of “Goliath” gives his take on the history of American antitrust politics and what it means for the just-announced Google case.
October 22, 2020

Spanish Police Arrest Head of Billion-Dollar Crypto Arbitrage Platform on Fraud Allegations

Arbistar 2.0 operator Santiago Fuentes was arrested Wednesday and faces criminal fraud and money laundering charges in Spain.
October 22, 2020

PayPal’s Move Is Good for Crypto Adoption but Not So Much for Profits: Morgan Stanley

There may be more upside for crypto than for PayPal’s earnings, researchers wrote.
October 22, 2020

Top traders say Bitcoin log chart points to a 2017-style BTC bull run

As Bitcoin price rises to new heights, top traders say the monthly and logarithmic chart signal that BTC is entering a new bull trend.
October 22, 2020

Ebang Launches Australia-Based Subsidiary, Seeks Approval for New Exchange

The move is part of the bitcoin mining machine producer’s plan to build a digital asset financial service platform.
October 22, 2020

Ben Weiss: The Next Big Blockchain Company Is Likely to Come Out of Singapore

According to Ben Weiss, the chief operating officer of Coin Flip, the next big tech company – comparable to the likes of both Amazon and Apple – will not stem from the United States but will instead be created within Asia. Ben Weiss: The Next Tech Company Will Come From Asia He says that the United States has fallen behind when it comes to cryptocurrency and the regulation necessary to keep crypto in check. While regulation ultimately goes against the decentralized nature of digital assets, he says that at least some is necessary if bitcoin and its altcoin cousins are to ever reach mainstream or legitimate statuses. He believes Asia will hold a strong hand over the United States in that regulation is much clearer throughout the countries lying on the continent. Here, not only is regulation lagging, but the […]
October 22, 2020

For the first time since 2018 Bitcoin balances on exchanges fell below 2.5M

Bitcoin’s balance on three popular exchanges decreased by 390k BTC over the past 9 months.
October 22, 2020

Price Increase Drives 98% of Bitcoin Holders Into a State of Profit

The price of bitcoin jumped significantly on Wednesday after the payment processor Paypal announced cryptocurrency support. The jump in value has pushed a large number of bitcoin holders into a state of profit, according to Glassnode “percent of UTXOs in profit” statistics. Based on the current data, 98% of all bitcoin UTXOs are in a state of profit touching levels previously recorded three years ago in December 2017. The price of bitcoin (BTC) closed at a high at $13,184 per coin on Wednesday, October 21 following the announcement from Paypal. During the evening trading sessions, the onchain research and analysis firm Glassnode tweeted about the number of bitcoin unspent transaction outputs (UTXOs) in profit. A UTXO refers to the amount of bitcoin someone holds that has not been spent and is simply stored in a bitcoin wallet. “98% of all […]
October 22, 2020

Bitcoin market sentiment and fundamentals still favor BTC price bulls

As Bitcoin briefly surpasses $13,000, its highest price for 2020, market sentiment and fundamentals both favor a prolonged bull market.
October 22, 2020

Philippines Central Bank Governor: No Digital Peso Before 2023

The central bank won’t pursue a CBDC for the duration of Governor Benjamin Diokno’s term, which ends in 2023.
October 22, 2020

Blockchain Bites: Hodl Hodl’s No-KYC Bitcoin Lending, Voyager’s Token Merging M&A Deal, Crypto’s Reaction to PayPal

Hodl Hodl announced a no-KYC, P2P lending service. Reactions to PayPal’s crypto market entrance. And a token-merging M&A deal.
October 22, 2020

Bitcoin Spikes Following Major PayPal Announcement

The world’s number one cryptocurrency has done it once again. The asset that everyone knows as bitcoin has struck a new high now that October has come into play. The currency is presently trading for well over $12,400, marking the highest it’s been since hitting its late August high. Bitcoin Is Back Above $12,000 Approximately two months ago, bitcoin hit the $12,400 mark, thereby striking the highest point it’s seen in about a year. Everyone couldn’t help but chat silently about how the bullish momentum bitcoin had garnered would potentially last forever, though sadly, this was hardly the case. Once September rung in, the currency found itself struggling to maintain ground, and it wasn’t long before bitcoin was shedding numbers off its price. During the first few days of the month, bitcoin had fallen to about $10,100, and the asset […]
October 22, 2020

Bitcoin now has a 7% chance of beating $20K highs in the next 2 months

Bitcoin odds are “repricing quickly,” says Skew as one analyst highlights the current price pump’s “organic” nature.
October 22, 2020

Three Trends Killing Web Privacy and Decentralization

The decentralized design of the web gives it the potential to be more privacy-preserving than any other system. Yet, there are long range threats at play.
October 22, 2020

Bitcoin officially flippens PayPal

The asset has overtaken the network’s market cap following an announcement that PayPal intends to integrate crypto.
October 22, 2020

Multilotto: Play Transparent Online Lotteries With Equal Opportunities for Every Player

When you hear about gambling, you’ll remember some fancy Casino resorts in Las Vegas and Macau or some local brokers in your street. The gambling system has evolved beyond the traditional houses to online gambling. Online gambling is valued at US$ 46 billion, and it is projected to around US$ 96 billion in 2024. Lotteries are one of the most popular online games today. Many companies are offering different types of online lottery systems, but Multilotto is a company that is changing the way you play lottery online. Multilotto lotteries provide a powerful user experience; many lottery systems provide beautiful websites without providing their users to navigate the website easily; it is difficult for users to play games or make payments. Multilotto offers tutorials that help the users to understand the website. The team works every day to provide new […]
October 22, 2020

‘The cryptoruble is the future’ says Russian policymaker

The parliament member claimed that there are no anti-blockchain voices in the Russian government
October 22, 2020

We Still Lack a Rational Way to Value Tokens

Tokens continue to show little correlation between usage and value, confounding efforts to build better valuation methods.
October 22, 2020

Chainlink brings Verifiable Randomness to Ethereum mainnet, keeps other chains in sight

Sergey Nazarov: there is a demand for Chainlink VRF from other chains like Matic.
October 22, 2020

Lossless Lottery PoolTogether Opens Up to More Coins, More Prizes

PoolTogether v3 will enable more ERC-20 tokens, more yield sources and more prize distribution schemes for the DeFi savings game.
October 22, 2020

Bitstamp Names Gemini Alum Julian Sawyer as CEO

Sawyer replaces Bitstamp’s founder Nejc Kodrič, now in a “non-executive role.”
October 22, 2020

Justin Sun’s BitTorrent to Acquire Esports Platform for New Streaming Ecosystem

BitTorrent is evolving into an ecosystem of decentralized storage, data protocols and content distribution, the firm says.
October 22, 2020

Bitcoin’s brief trip to $13.2K suggests profit-taking price correction

Analysts expect a profit-taking pullback in the Bitcoin market after BTC hits $13,000 upon the PayPal news.
October 22, 2020

‘Bitcoin’s No Longer Optional’ — What Investors Say About Paypal Launching Crypto Services

Paypal launching cryptocurrency services has given crypto investors much to think about. While many crypto users view the news as extremely bullish, some point out several areas of concern bitcoin investors should be aware of. ‘Every Major Bank Is Having a Meeting About How To Support Bitcoin’ The news of Paypal launching a service that will enable customers to buy, hold, and sell cryptocurrencies directly from their Paypal accounts has triggered much discussion within the crypto industry. Users will also be able to pay for goods and services at 26 million stores that accept Paypal as a form of payment with the cryptocurrencies in their Paypal accounts. The crypto industry has largely viewed the news as extremely bullish, sending the price of bitcoin above $13,000. Virgin Galactic chairman Chamath Palihapitiya tweeted in response to the Paypal news Wednesday: After Paypal’s […]
October 22, 2020

DOJ’s Crypto Framework Is ‘a Complete Disaster’ for Digital Privacy Rights

The U.S. Department of Justice’s enforcement framework may pose a serious threat to the digital privacy rights of crypto users.
October 22, 2020

Paul Tudor Jones says Bitcoin is ‘like investing early in Apple or Google’

It scores highly among the possible options to counteract inflation.
October 22, 2020

Hedge Fund Billionaire Tudor Jones Says Bitcoin Rally Only in ‘First Inning’: Report

Jones said he has been surprised by the “intellectual capital” behind bitcoin.
October 22, 2020

Siemens-backed blockchain energy platform showcases in Germany

The German state-funded energy project uses DLT to enable transparent market transactions.
October 22, 2020

Franklin Templeton Joins Series A Round for Crypto Custodian Curv

Franklin Templeton previously tapped Curv to help safeguard its fund by building a transaction signing and management system.
October 22, 2020

Bequant Adds Services to Its Crypto Prime Brokerage Offering

Bequant added separately managed accounts, derivatives trading and instant fund transfers in a bid to compete with rival prime brokers.
October 22, 2020

Forget Ethereum, DeFi Is Being Built on Bitcoin

Edan Yago looks to reclaim “decentralized finance” as Bitcoin’s, not Ethereum’s, turf.
October 22, 2020

Bitcoin Hodlers Get a Lending Option With No KYC

Hodl Hodl is launching a peer-to-peer lending marketplace for hardcore bitcoiners
October 22, 2020

DLT security standards may turn legacy industries into blockchain innovators

Member-led working groups are helping define security standards for tokenized use cases.
October 22, 2020

Gemini exec to join Bitstamp crypto exchange as new CEO

Bitstamp is replacing its CEO for the first time since the company’s establishment.
October 22, 2020

First Mover: The FOMO Takes Over as PayPal Play Sparks Bitcoin Rally to $13K

Latest rally leaves bitcoin up 80% year-to-date, an enviable performance that’s bound to inspire the fear of missing out among some investors.
October 22, 2020

Bitcoin top signal from 2017 reappears, but here’s why it may not matter this time

The price of Bitcoin rose to $20,000 in 2017 and crashed. According to Glassnode, the same top signal has emerged, but this time feels different for several reasons.
October 22, 2020

Yearn Finance doppelganger scam tries to trick visitors out of their keys

Scam websites posing as famous crypto projects ask for private keys so they can steal users’ funds.
October 22, 2020

Back at $13K: Bitcoin Unfazed by Profit Takers After Rise to 2020 High

The bitcoin market looks to be shrugging off increased selling pressure from profit takers after prices surged this week.
October 22, 2020

Raiffeisen Bank Bringing Blockchain Interoperability to Its Stablecoin Project

Raiffeisen’s stablecoin project is becoming blockchain-agnostic, adding interoperability tech from Bitpanda and the ​Technical University of Vienna.
October 22, 2020

Finance Redefined: Is DeFi really a threat to centralized finance? Oct. 14-21

If you look at its governance, definitely not.
October 22, 2020

Philippines’ central bank isn’t ready to pull the trigger on a CBDC

The central bank wants to learn from private-sector digital currencies — but still believes they are inferior to central bank money.
October 22, 2020

Ant Unveils Blockchain Product as Group Approved for World’s Biggest IPO

As Jack Ma’s Ant Group gets Hong Kong approval for its $30 billion IPO, it’s rolled out a blockchain platform aimed to protect users’ copyright.
October 22, 2020

Goldman Sachs to Settle Massive Corruption Case for $2.8 Billion With US Government

Goldman Sachs has reportedly agreed to settle with the U.S. government over its role in a corrupt Malaysian government investment fund, which is one of the firm’s worst scandals since the financial crisis. In addition, Goldman Sachs previously agreed to pay the Malaysian government billions of dollars to end a criminal probe. Goldman Sachs’ Billions of Dollars in Settlement Goldman Sachs Group Inc. has agreed to pay about $2.8 billion to the U.S. Department of Justice (DOJ) to settle a case involving a corrupt Malaysian government investment fund, the Wall Street Journal reported Tuesday. This is in addition to the $3.9 billion settlement the firm agreed to pay the Malaysian government over the same case. Under the agreement with the DOJ, Goldman Sachs will admit fault but will not face prosecution, the publication noted, citing people familiar with the matter. […]
October 22, 2020

PayPal might issue its own cryptocurrency soon, says CoinShares exec

The CSO of CoinShares thinks that a payments-focused PayPal token could be forthcoming.
October 22, 2020

Kraken Relaunches Crypto Trading in Japan After Two-Year Break

The exchange had shuttered its Japanese services after Coincheck’s $530 million hack in 2018 spooked regulators and prompted a crackdown.
October 22, 2020

China’s Ant Group releases digital copyright platform on AntChain

The platform is just the latest product in the fintech’s long-evolving blockchain solutions.
October 22, 2020

Bitcoin price hits new record high in these 7 countries

Bitcoin price hits a new record high in seven national currencies of 500 million people.
October 22, 2020

Eyeing EU Banks, Hex Trust Teams With SIA on Crypto Custody

A multinational payments firm is partnering with cryptocurrency custodian Hex Trust to help its European banking clients hold digital assets.
October 22, 2020

Last Chance to Get Staked $750+ Million HEX Payout November 19th, 2020

HEX.COM – The First High Interest Blockchain Certificate of Deposit – has outperformed every asset in 2020. Ranked Top 20 by Nomics (BTI verified #1 in Market Data Integrity), over $240 Million HEX are in active stakes paying a variable 28% APY. The average stake length is 5 years; the longest stakes are 15 years. This kind of verifiable onchain commitment seen in HEX is unprecedented in cryptocurrency. HEX is Designed to Outperform And It’s Working On November 19th HEX’s Big Pay Day highlights the strong finish to an exciting yearlong launch phase, crediting active stakes with 183 Billion HEX worth over $750 Million dollars. Read more about this windfall event below. All figures herein cited at the time of writing. Design intention is never a promise, but seeing HEX perform as designed appears indeed very promising: HEX’s price has […]
October 22, 2020

EOS Price Analysis: Accelerating Gains Above $2.60

EOS started a strong upward move from the $2.500 support level against the US Dollar. The price is currently trading above $2.600 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $2.560 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could continue to rise towards the $2.720 and $2.800 resistance levels in the near term. EOS price is showing positive signs above the $2.600 level against the US Dollar, similar to bitcoin. The price could continue to rise as long as it is above $2.550. EOS Price Analysis This past week, EOS price formed a strong support base above the $2.500 and $2.520 levels against the US Dollar. The price started a fresh increase after surpassing the $2.550 resistance level. Moreover, there was […]
October 22, 2020

Collider Labs Raises $1M to Invest in Blockchain Startups

The venture builder is seeking to invest in early-stage startups with a focus on transparency, privacy and “fairness.”
October 22, 2020

Voyager Agrees to Buy LGO Markets and Merge 2 Firms’ Tokens

Two cryptocurrency trading firms are merging, and in a rare twist, so are their tokens.
October 22, 2020

CFTC Issues Guidance on Digital Currencies for Futures Commission Merchants

The CFTC wants futures commission merchants to take care when dealing with customer’s funds.
October 22, 2020

Litecoin (LTC) Price Analysis: Strong Uptrend In Place Above $50

Litecoin price started a strong upward move above the $48.50 and $50.00 resistance levels against the US Dollar. LTC price is currently trading above the $54.00 support level and the 55 simple moving average (4-hours). There was a break above a major contracting triangle with resistance near $48.00 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair is likely to continue higher above $55.50 and $56.50 in the near term. Litecoin price is trading in a strong uptrend above $50.00 against the US Dollar, similar to bitcoin. LTC price is likely to continue higher as long as it is above $52.00 and $50.00. Litecoin Price Analysis In the past few sessions, there was a strong rally in bitcoin, Ethereum, ripple, and litecoin against the US Dollar. Earlier, LTC price formed a support base above the […]
October 22, 2020

Will PayPal’s crypto offer turn into a tax nightmare?

U.S. capital gains tax laws are likely to catch out many new users of PayPal’s cryptocurrency payments system