September 25, 2020

IRS Will Make It Harder to Avoid Declaring Crypto on Tax Returns

The Internal Revenue Service plans to make all income tax payers check a box indicating whether they have transacted in crypto over 2020.
September 25, 2020

Visa-Owned Plaid Has a Hidden Passion for DeFi

Fintech enabler Plaid is quietly working with at least two decentralized finance (DeFi) startups.
September 25, 2020

Ant Launches Business Trade Blockchain in Run-Up to $35B IPO

The launch of the cross-border trade blockchain comes as Ant stokes up enthusiasm for its public offering – set to be the largest on record.
September 25, 2020

NASDAQ Firm Makes U-Turn: Buys 17k BTC After Denouncing It

BTC’s recent bullish run is swaying the haters into believers as a once anti-BTC billionaire CEO surprisingly acquires 17,000 BTC in an overnight U-turn! We have all seen our fair share of reports covering millionaire and billionaire investors snapping up large quantities of cryptos, but the most recent BTC scoop by MicroStrategy (MSTR), a public company floated on the NASDAQ, is no ordinary story because it is not the size of the acquisition that is the main headline here! The CEO of MicroStrategy and author of The Mobile Wave is Michael Saylor – someone that was once openly opposed to the entire concept of cryptocurrencies. Of course, his criticism of BTC on his Twitter account a few years back was big news and rightly so because being an owner of a multi-billion company and making such bold claims tends to […]
September 25, 2020

Fed Reserve Governor Brainard Said to Be Biden’s Choice for Treasury Secretary

Lael Brainard, who has been involved with the Fed’s efforts to research a digital dollar, is seen as an ideal choice, Bloomberg sources said.
September 25, 2020

Russia’s telecom regulator blacklists Binance website

The website of the Binance exchange is still available without additional access tools, platform says crypto funds are safe.
September 25, 2020

Most Americans are against a digital dollar CBDC, survey reveals

U.S. citizens appear to be opposed to a digital dollar despite expressing concerns over the existing financial system.
September 25, 2020

Dapper Labs and Blockparty Join Forces to Bring A New Breadth of Digital Collectibles onto Flow

VANCOUVER / SEPTEMBER 25, 2020 — Blockparty—the New York-based rare digital collectibles marketplace that launched last month to foster more meaningful fan engagement for artists, musicians, and sports teams—today announced a partnership with Dapper Labs, the company behind CryptoKitties and NBA Top Shot, who will bring Blockparty onto Flow, their user-centric blockchain built for mainstream adoption. Digital collectibles offer an alternative form of engagement to the in-person experience of art shows, concerts and games, and help artists and athletes incentivize long-term relationships with their fans. By showcasing their work in Blockparty’s digital collectibles marketplace, content creators can access new initial and recurring revenue streams and gain access to new markets of fans. They can also expand their creative mediums and branded assets into digital and mixed reality, and create more integrated fan experiences. Using this curated digital collectibles marketplace, fans […]
September 25, 2020

Bitcoin Is Undervalued, Fair Value Price Should Be $15,000, Says Analyst

Bloomberg cryptocurrency analyst Mike McGlone says bitcoin is greatly undervalued, suggesting that its fair value price should currently be somewhere around $15,000. The price of bitcoin (BTC) has see-sawed between $10,000 and $12,400 over the last few weeks, often tumbling sharply following what one pundit described as “fake” breakouts. The latest rout saw BTC crash more than 8% within days from over $11,000 to $10,100. At Press time, each bitcoin is trading for $10,695, up nearly 2% in the last 24 hours. McGlone, a senior commodity strategist at Bloomberg, based his arguments on various factors, including bitcoin’s rising hashrate, which continues to hit new records, industry media report. The Bitcoin hashrate 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 […]
September 25, 2020

Bitcoin Cash Analysis: $220 Holds The Key For Fresh Increase

Bitcoin cash price is currently recovering from the $200 support zone against the US Dollar. The price is facing a few important hurdles near $220 and the 55 simple moving average (4-hours). There is a connecting bearish trend line forming with resistance near $218 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair could either rally above the $220 resistance or reverse back towards the $200 handle. Bitcoin cash price is holding the key $200 support zone against the US Dollar. BCH/USD could struggle to recover unless there is a clear break above the $220 resistance. Bitcoin Cash Price Analysis This week, bitcoin cash price extended its decline below the $230 support against the US Dollar. BCH price even broke the $220 support level to move into a bearish zone. There was also a close […]
September 25, 2020

European Union Proposes New Regulations for Cryptocurrencies to Embrace the Digital Revolution

The European Union (EU) is proposing new regulations in order for the economic block to embrace the digital revolution that it is taking place. In a recent proposal […]
September 25, 2020

Upstart Bitcoin Cash challenger BCHN gains miner majority ahead of fork

The Bitcoin Cash community appears to be signaling support for the upcoming BCHN fork, with 82% of hash power supporting the implementation.
September 25, 2020

How many DeFi projects still have ‘God Mode’ admin keys? More than you think

The vast majority of DeFi projects still have the ability to enter ‘God Mode’ and unilaterally make changes to pretty much everything.
September 25, 2020

Major Indian exchange proposes new regulatory framework to avoid crypto ban

The proposal hopes to avert a blanket ban that some warn would result in the illegal trade of cryptocurrencies
September 25, 2020

Dave Portnoy meets Pomp: ‘Bitcoin is just one big Ponzi scheme’

Famous day trader Dave Portnoy says he misses crypto in a candid interview with Anthony Pompliano.
September 25, 2020

Chainlink up 30% following six-week downtrend and developer selloff

A Chainlink developer address appears to have been offloading tokens and putting downward pressure on prices. But things are looking up.
September 25, 2020

You can now trade on Uniswap without leaving Twitter

Mask Network has launched a widget allowing Twitter users to trade on Uniswap without leaving the social platform.
September 25, 2020

The Genesis of BCH Tokenization: Over 10,000 SLP Tokens Built on Bitcoin Cash

This week Bitcoin Cash fans have been discussing the milestone of over 10,000 Simple Ledger Protocol (SLP) tokens created since the infrastructure was first introduced. Moreover, tokens built on Bitcoin Cash are nearing 1 million transactions to-date. Bitcoin Cash (BCH) community members have noticed there are now 10,679 SLP tokens created since the Simple Ledger Protocol’s inception. The discussion concerning the SLP milestone took place this week on the popular Reddit forum r/btc. In addition to the 10k+ SLP tokens created, the number of transactions is nearing 1 million. Bitcoin.com token data page indicates there’s been 960,346 SLP-based transactions. Statistics show 2,250 SLP transactions were recorded in the last 24 hours. Currently, the top five most popular tokens in the last 24 hours have been Refund Token, Mistcoin, MAZE, Spice, and Zapit. However, 30-day stats show the top five SLP […]
September 25, 2020

Stablecoins Hit $20B Milestone, a Nearly 300% Year-to-Date Surge

The total value of stablecoins has now surpassed $20 billion, reflecting the growing demand of investors looking to hedge their risks in both crypto and traditional markets amid the coronavirus pandemic.
September 25, 2020

Mandatory KYC verification may contradict privacy laws in South Korea

Will this legal contradiction be resolved before the deadline?
September 24, 2020

Makerdao Vote to Not Compensate Black Thursday Victims Receives Harsh Criticism

Large Makerdao holders decided not to compensate the victims that were liquidated during the unexpected flash crash that took place on March 12, otherwise known as ‘Black Thursday.’ An aggregate total of 38 votes was cast and more than 65% of the governance portal participants voted for zero compensation. The day after March 12, otherwise known as ‘Black Thursday,’ the Makerdao project made headlines after between $4 to $6 million worth of the stablecoin DAI was left underwater due to an auction failure. A vote held this Tuesday indicates that the Makerdao project doesn’t plan to compensate any of the victims from the black swan event on March 12. The vote had a few options that would pay victims a percentage of the losses, and one option that called for zero compensation. Out of the 38 votes, over 65% voted […]
September 24, 2020

Glassnode: Uniswap team may have misled community over team token vesting

Binance may currently be the only one capable of making Uniswap governance proposals, which does not bode well for its decentralized competitor.
September 24, 2020

3 reasons why traders turned bullish after Bitcoin price surged to $10.7K

Analysts are cautiously bullish on Bitcoin price after BTC surged 6% to $10,750.
September 24, 2020

100M people worldwide now use crypto-based assets, says Cambridge study

Skyrocketing figures show crypto’s growing global dominance.Skyrocketing figures show crypto’s growing global dominance
September 24, 2020

Brazil plans to track COVID-19 vaccinations using blockchain tech

In the midst of a country-wide COVID-19 vaccination effort, Brazil looks to add blockchain-based tracking to the equation.
September 24, 2020

Israeli Draft Bill Would Nix Hefty Capital Gains Taxes on Bitcoin

The draft bill would define bitcoin and other cryptos as “currency” instead of an “asset” for tax purposes.
September 24, 2020

Coinbase wallet users targeted by new Android malware

This alien doesn’t care about taking over the Earth, but it may steal your Bitcoins and dollars.
September 24, 2020

South African Researchers Accuse Crypto Firm MTI of Being a Ponzi Scheme

Mirror Trading International (MTI) – a cryptocurrency investment company – has been accused by Anonymous ZA, a South African research group, of being a fraudulent firm and potentially looking to scam people out of their digital funds. MTI: We Will Be Pursuing Legal Action MTI is now fighting back and claiming that the company’s alleged findings – which have all been compiled into a recent report – are not only false, but are designed specifically to slander the company and are not backed up by any proof or facts of any kind. MTI is not taking kindly to the accusations and says it is planning to file a lawsuit against Anonymous ZA. The report suggests that the enterprise is hiding behind a crypto façade and looking to pull off a multi-level scam while allegedly offering people a chance to invest […]
September 24, 2020

Israeli regulators propose Bitcoin be taxed as a currency, not an asset

“The regulatory reality in Israel is not adapted to the existing reality in the field,” the proposed bill states.
September 24, 2020

New Bipartisan Bill Would Classify Digital Tokens as Commodities, Not Securities, in US

A bill introduced by Rep. Tom Emmer could clarify the status of digital tokens issued as part of a securities offering under securities law.
September 24, 2020

Finance Redefined: Uniswap’s bang ends in whimper, Sept. 16-23

DeFi users got a fat stimulus check, but Uniswap’s token fell short of the community’s inflated expectations.
September 24, 2020

Market Wrap: Bitcoin Hits $10.7K; Options Market Likes Sub-$360 Ether

Bitcoin’s price popped Thursday while options traders take bearish ether October bets.
September 24, 2020

Did Corporate Insiders Perfectly Predict the Market Top?

In August, the volume of personally owned stock sold by corporate executives reached its highest level since 2015, followed by a 10% decline in the S&P500 in September.
September 24, 2020

Startup Aleo Wants to Help You Use the Internet Without Sacrificing Data Privacy

Aleo co-founder Howard Wu says a better data privacy model for both companies and consumers can be built using zero-knowledge proofs.
September 24, 2020

New Loom Network CEO clarifies concerning information published by former employee

Is the Loom Network drama settled now?
September 24, 2020

WTF happened in 1971 (and why the f**k it matters so much right now)

“The temptation to print money is the greatest temptation in the whole world.”
September 24, 2020

Leading Auction House Christie’s Listing Bitcoin Art for the First Time

The world’s largest auction house, Christie’s, will be presenting Bitcoin artwork for the first time. Block 21 of “Portraits of a Mind,” an art project showcasing the original Bitcoin code by Satoshi Nakamoto, will include a painting and a unique digital non-fungible token. Bitcoin Artwork Arrives at Christie’s Robert Alice, a blockchain art project, announced Wednesday the sale of a key artwork in the series entitled “Portraits of a Mind” at Christie’s, the world’s largest auction house. Portraits of a Mind is “a global art project to decentralise the founding code behind Bitcoin into 40 fragments,” its website describes. “With 40 paintings stretching more than 50 meters long,” this work of art forms “a complete hand painted transcription of the 12.3 million digits of code (v0.1.0) that launched Bitcoin,” the announcement details, adding that this artwork is the largest in […]
September 24, 2020

Andreessen Horowitz Gets FTC OK for Unspecified Coinbase Transaction

It is unclear at press time whether the approval is for a16z’s previously disclosed purchase of shares in Coinbase or for a new purchase.
September 24, 2020

Michael Saylor: Bitcoin Is Less Risky Than Cash and Gold

Michael Saylor – the CEO of MicroStrategy, which recently purchased more than $400 million in bitcoin – has stated that holding BTC is far less risky than holding cash or even gold. Michael Saylor Is Clearly a Fan of BTC This is an interesting statement to make as over the last several years, bitcoin and crypto – despite being designed as tools for purchasing goods and services – have been considered far less stable than traditional assets such as stocks and gold, and nowhere near as strong as fiat currencies. For the most part, assets like bitcoin have remained largely speculative due in part to its volatility, as well as other serious factors. Many stores refuse to accept crypto payments for merchandise given that the price of such a coin can fall easily and quickly overnight. We’ve been witnessing it […]
September 24, 2020

Chinese state-endorsed public chain to act as a global DeFi bridge, says Conflux CEO

Chinese Free Trade Zone is open to experimenting with permissionless DeFi applications.
September 24, 2020

Covalent Is Organizing Ethereum Data to Enable Widespread Adoption

A growing number of organisations across multiple industries have expressed interest in adopting blockchain technology in their operations. This increasing desire is driven by the will to leverage the benefits of this technology that have been increasingly publicised. Blockchains can help organisations improve efficiency, streamline operations, enhance speed, and cut costs among other benefits. The concerted efforts to raise awareness about the importance of blockchain technology and mounting interest from organisations have, however, failed to materialise into widespread adoption. Businesses are finding the adoption and integration of decentralised technology in operations to be rather difficult. The technical nature and sheer complexity of this novel technology is becoming a major bottleneck hindering its widespread adoption. However, this should not be a problem for much longer. The blockchain community is determined to develop solutions for such challenges to ease the technology’s adoption […]
September 24, 2020

Congress sees two new bills looking to chart CFTC and SEC regulatory turf in crypto

A big day for crypto legislation in the United States.
September 24, 2020

Fintech Firm Fasset to Launch Zero-Trade Fee Crypto Trading Platform for Countries in the Gulf Region

Announced on Thursday, the Fasset Exchange (FEX) is open for private beta enrollment and is planning a public launch later this year.
September 24, 2020

Record WBTC Mint Completed by Three Arrows Capital as Demand for Bitcoin on Ethereum Continues to Grow

The Singapore-based firm minted 2,316 WBTC Thursday afternoon.
September 24, 2020

Bitcoin Could Remain Slow Until the November Election

Bitcoin is presently trading for about $10,500, which is roughly $100 more than where it’s stood over the past few days, but it’s not quite where we’d like it to be. The fact is that bitcoin hit $11,000 again about 72 hours ago and has failed to keep up that momentum. Bitcoin Is Struggling as of Late There are many things that appear to be affecting bitcoin, one being the correlation between it and the stock market. As stocks are taking massive tumbles, bitcoin is also suffering, and so long as company shares continue to drop, the bitcoin market is going to remain in a bearish state. There’s also the current political scene. As we all know by now, 2020 is an election year. There is just a little over a month left to go before America selects its next […]
September 24, 2020

Commissioner Peirce wants to see the SEC approve a Bitcoin ETF

At least one leader at the SEC is in favor of seeing a Bitcoin ETF approved in the US.
September 24, 2020

ConsenSys-Incubated Startup Releases In-Browser Atomic Swap Wallet for DeFi

ConsenSys-incubated startup Liquality’s new wallet lets you atomically swap digital assets directly from your browser.
September 24, 2020

A New Era of Media Begins With Tokenization

Substack alone won’t save publishing: The future of online content is where “money legos,” communities and media meet.
September 24, 2020

A New Bill Proposes to Put US Crypto Exchanges Under a National Framework

The Digital Commodity Exchange Act would bring crypto exchanges into a single federal framework, overseen by the Commodity Futures Trading Commission.
September 24, 2020

Inside the blockchain developer’s mind: The vertical scaling crisis

In order to achieve blockchain mass adoption, three fundamental problems should be solved. Let’s dive into the second one: vertical scaling.
September 24, 2020

Bitcoin News Roundup for Sept. 24, 2020

With bitcoin markets looking weak alongside a strengthening dollar, CoinDesk’s Markets Daily is back for your latest crypto news roundup!
September 24, 2020

Bitcoin Options Open Interest Hits Record High in Expiry Week

Bitcoin’s options market is more popular than ever with record open interest of more than $2.10 billion.
September 24, 2020

Blockchain Bites: MakerDAO’s Do or Dai Moment, Bitcoin in Africa, Dollar Trends Up

MakerDAO has voted not to compensate victims of the “Black Thursday” flash crash, a former Pantera partner is launching a new crypto-focused fund and bitcoin may be headed to the doldrums as the U.S. dollar rises.
September 24, 2020

How Small Business Can Achieve ‘Economies of Scale’ by 2030

Blockchain tech will allow small businesses to collaborate as never before, reducing the power of big business to dictate terms.
September 24, 2020

Bitcoin may see relief rally to $11K after Dollar Strength Index soars

Bitcoin price still has a CME futures gap unfilled at $9,600 but that doesn’t mean $11K won’t be reclaimed soon.
September 24, 2020

Aspire raises $2.4M to expand blockchain asset creation platform

Aspire Technology, developer of the Aspire digital asset creation platform, today announced the closing of both a $1.175 million equity round and, shortly thereafter, a $1.23 million private token presale for a total of more than $2.4 million of new capital, according to Aspire technology chairman, Michael Terpin, who led the company’s pre-seed $260,000 equity funding round in 2017 through his bCommerce Labs incubator fund. The equity round in Aspire Technology, Inc. was led by German blockchain fund Foeckersperger Ventures, GmbH, and individual accredited investors. The private token presale, which excluded US persons, was conducted in Bermuda and was led by Cayman Islands registered digital currency fund, Alphabit Fund. “Once consumers see how easy and inexpensive it is to create a digital asset with Aspire, everyone who has a social media presence, personal blog or small business will realize they […]
September 24, 2020

BitGo Is Bringing DeFi-Friendly Wrapped Bitcoin to the Tron Blockchain

The partnership will bring BitGo’s wrapped bitcoin (WBTC) into the Tron ecosystem as a TRC-20 token.
September 24, 2020

CoinDesk Reporters Discuss FinCEN Files, Venezuela’s Stablecoin Flop and More

From the CoinDesk Global Macro news desk, this is Borderless – A twice-monthly roundup of the most important stories impacting bitcoin and the crypto sector from around the world.
September 24, 2020

Climate Startup Nori Raises $4M to Solve Carbon Market Double-Spending

Nori has been funded to build a blockchain-based market for carbon credits that will start by paying farmers to remove CO2 from the atmosphere.
September 24, 2020

Chainlink Token Down 60% in Under 40 Days: Opponents Ask If the Bubble Has Finally Burst?

After reaching an all-time high of $19.20 on August 14, the Chainlink token now trades lower after losing more than 50% in value in just over a month. The token, which briefly overtook Bitcoin Cash as the fifth-ranked crypto in market capitalisation terms, was ranked 9th on Markets.Bitcoin.com at the time of writing. On the surface, the token’s fall appears to be in sync with the rest of the crypto market, which has been dropping since Monday, September 6. Yet opponents of Chainlink insist there is more to Link’s fall than just the current bearish market trends. They point to the magnitude of the token’s fall when compared to other Defi related projects in the past 30 days. In August, one prominent Chainlink opponent and Twitter user, Cryptowhale argued that the price of Link “had shot well beyond its intrinsic […]
September 24, 2020

Bitcoin adoption heats up as climate change wreaks havoc worldwide

As the world continues to warm and face the effects of climate change, what does this mean for Bitcoin, blockchain and the world of crypto?
September 24, 2020

Uniswap Users Have Claimed $560M-Worth of UNI Tokens in a Week

Dune Analytics data shows nearly 80% of the current UNI token supply has so far been snapped up by eligible Uniswap wallet addresses.
September 24, 2020

Russian Ministry Wants Citizens to Report Their Crypto Wallet Details: Report

The Ministry of Finance is seeking amendments to the law that would force cryptocurrency users to report wallet balances and large transactions to the tax authorities.
September 24, 2020

Storj helps NEM, IoDLT improve sync times for MongoDB by 15x

Storj Labs today announced an integration with NEM to accelerate sync times for the NEM Symbol platform, improving the performance of connecting new nodes to the network, and analyzing blockchain data. The solution—which was built by NEM partner IoDLT—leverages the native MongoDB integration that allows users to easily store data on the Tardigrade decentralized cloud storage service. IoDLT specializes in creating an affordable internet of things (IoT) solution that leverages the power of the NEM blockchain. IoDLT operates a Symbol node and the team noticed that as blocks are added, which increases the amount of data on the blockchain, it becomes increasingly difficult to sync a full node in a reasonable amount of time. To solve this problem, IoDLT configured MongoDB snapshots to be sent to Tardigrade, making it much faster to quickly rehydrate Symbol’s API state to any location […]
September 24, 2020

Read CoinDesk’s New, Expanded Ethics Policy

As part of our ongoing efforts to be maximally transparent and accountable to readers, CoinDesk has substantially updated and expanded its ethics policy.
September 24, 2020

Binance’s CZ says Buterin ‘proved me wrong’ and DeFi full of bubbles

CZ is bullish on DeFi but remains skeptical about Ethereum 2.0’s features.
September 24, 2020

EU Proposes Full Regulatory Framework for Cryptocurrencies

The European Commission has formally proposed legislation that will provide a comprehensive regulatory regime for cryptocurrencies.
September 24, 2020

The data economy is a dystopian nightmare

Decentralization will turn the data economy upside down, allowing consumers to control their own data or sell it to the highest bidder.
September 24, 2020

First Mover: Federal Reserve, Congress Play Game of Chicken Over Stimulus as Market Lurches

Markets from stocks to bitcoin have groaned amid dimming prospects for more U.S. stimulus, and neither Congress nor the Fed are taking the lead.
September 24, 2020

Whale clusters pinpoint 4 critical short-term Bitcoin price levels

The Bitcoin (BTC) price faces numerous heavy resistance levels in the near term, whale clusters from Whalemap show.