December 3, 2020
Well before the coronavirus pandemic, global economists expected a grim-looking American economy and during the last ten months of the Covid-19 outbreak, the U.S. financial system looks even worse. Economists and analysts say the biggest concern is the U.S. dollar faltering into the unknown, as a great number of distinguished individuals believe the USD will see a significant value decline in 2021. Moreover, renowned economist Stephen Roach thinks there’s more than a 50% chance the U.S. dollar could collapse by the end of next year. The U.S. dollar currency index (DXY) has continued to spiral lower, as investors have been looking for safer assets to hedge against a turbulent economy. During the last week, a myriad of economists and financial analysts have predicted that next year, the U.S. dollar is going to weaken even more so than it did in […]
December 3, 2020
The Polkadot founder doesn’t buy into the narrative that we only need one blockchain.
December 3, 2020
“A SIM swap was part of the infamous Twitter hack in July, so this is no longer just an issue affecting the crypto industry,” said Long.
December 3, 2020
Bitcoin whale inflows are increasing as the price of BTC struggles to break past $19,500.
December 3, 2020
Acting Comptroller Brian Brooks continues his work to reach across the aisle with pledges from major players to support minority-owned banks.
December 3, 2020
S&P Dow Jones Indices has made it official: they will launch cryptocurrency indexes in 2021, becoming the latest major finance company to make its inception into the digital asset industry. More than 550 of the top traded coins to be included in the indexes As Reuters reported initially on December 3, 2020, such indexes will measure the performance of over 550 top traded crypto by market cap, including bitcoin, and they will use data from the New York-based company Lukka. According to the statement issued by both companies, S&P’s clients could create customized indexes, among other benchmarking tools on cryptocurrencies. Peter Roffman, global head of Innovation and Strategy at S&P Dow Jones Indices, told Reuters: With digital assets such as cryptocurrencies becoming a rapidly emerging asset class, the time is right for independent, reliable, and user-friendly benchmarks. Both parties also […]
December 3, 2020
FinHub will have new independence and responsibilities, reporting directly to the SEC’s chairman.
December 3, 2020
Despite ambitions of overtaking the dollar, China’s central bank will have a hard time monitoring all the transactions involved in a CBDC, though commercial banks might lend a hand.
December 3, 2020
He says “The path forward from here is north.”
December 3, 2020
His price predictions are a little lower than most speculators, however.
December 3, 2020
Cryptocurrencies have been getting quite popular in the Caribbean region and in Antigua and Barbuda, the island has seen significant growth. Crypto adoption has been on the rise in the island country and just recently, a regional news report detailed that more than 40 major businesses are accepting bitcoin cash for goods and services. During the last few years, a myriad of Caribbean-based island nations are getting into digital currencies. Many Caribbean regions such as Nevis & St Kitts, Bermuda, Barbados, the Cayman Islands, and Antigua and Barbuda have become hotspots for blockchain innovation and crypto merchant acceptance. Two years ago, Antigua’s Minister of Information Technology, Melford Nicholas said “Antigua and Barbuda is determined to be on the cutting edge of the new system of creating wealth.” Moreover, this past spring crypto regulations passed in Antigua’s lower Parliament called the […]
December 3, 2020
Select DeFi tokens have outperformed Bitcoin and altcoins as investors cheer the news of mutually beneficial partnerships.
December 3, 2020
The latest in securities law and crypto is not a revolution, but it is a step forward.
December 3, 2020
Users can now trade assets while they are locked up as decentralized finance collateral.
December 3, 2020
PRESS RELEASE. Nexo, the leading regulated digital financial institution with over $2 billion in assets under management, today announced the details of its buyback program. The company’s Board of Directors approved an initial repurchase of $12 million of its NEXO Token on an open-market principle, with the decision coming into force with immediate effect. Part of the company’s recently launched tokenomics overhaul Nexonomics, the move seeks to further boost the value of the NEXO Token, which marked a 160% price increase since the campaign’s launch in late October. The buyback program is yet another step to bolster the NEXO Token’s stability and growth potential, ultimately rewarding token holders for their investment and loyalty. “Nexo has had another record year, affording us the flexibility to give back to our clients and reinvest in the company and the NEXO Token as an […]
December 3, 2020
This seemingly fight-or-flight response to blockchain’s rising ubiquity may be too little, too late.
December 3, 2020
Is Spotify hinting at soon-to-come crypto features?
December 3, 2020
Stablecoins and continentwide regulations are key to breaking down barriers to Africa’s economic growth.
December 3, 2020
The CEO of Blackrock, the world’s largest asset manager, said that bitcoin “can evolve into a global market.” Moreover, the cryptocurrency has a “real impact on the U.S. dollar,” making the need for the USD “less relevant.” Bitcoin Evolving Into a Global Market Blackrock CEO Larry Fink made some bullish statements about bitcoin in a conversation with former Bank of England Governor Mark Carney at the Council on Foreign Relations symposium on Tuesday. Blackrock is the world’s largest asset manager with over $7 trillion in assets under management. “Bitcoin has caught the attention and the imagination of many people,” Fink said. “We look at it as something that is real,” he continued but noted that the market for the cryptocurrency is “still untested. It’s still a pretty small market relative to other markets.” While pointing out that bitcoin’s price sees […]
December 3, 2020
But only for vendors, so retail users will have to wait.
December 3, 2020
Hosting an Eth2 node is a big responsibility — and if things go wrong, this could result in some painful penalties.
December 3, 2020
This is a first for the traditionally Bitcoin-centric exchange.
December 3, 2020
In the latest big move to incorporate crypto by traditional finance, 550 coins will appear in the new indexes from next year.
December 3, 2020
Grayscale Bitcoin Trust’s premium is now above 30% as institutional demand for BTC continues to increase.
December 3, 2020
COVID-19 could force the Bank of Canada to launch a CBDC sooner than previously expected.
December 3, 2020
The Financial Times scorns Nigel Farage for his apparently predictable embrace of libertarian cryptocurrency influencers.
December 3, 2020
Slush Pool encoded a Reuters headline in an apparent nod to the Bitcoin genesis block, which contains a banner from The Times.
December 3, 2020
A brand-new paper which analyzes the Ripple network concluded that the network does not reach true consensus, as its protocol “may violate safety and liveness,” and doesn’t follow the established models and algorithms for a Byzantine agreement. Report Claims XRP’s Network Is Vulnerable to Malicious Actors According to Ignacio Amores-Sesar, Christian Cachin, and Jovana Micic, researchers from the University of Bern, the Ripple consensus protocol introduces the idea of “subjective validators”, such that every node declares “some trusted validators.” In the case of Bitcoin and Ethereum, both reach consensus permissionlessly through Proof-of-Work (PoW). However, through Byzantine systems, access is permissioned as the system can’t block malicious actors. The paper goes in-depth by explaining the mechanism: The designers of Ripple aimed at opening up membership in the set of validator nodes compared to BFT [Byzantine-fault-tolerant] consensus. The trusted validators of a […]
December 3, 2020
Yearn “acquisitions” dominated headlines this week.
December 3, 2020
Hash ribbons tell investors to buy BTC again for the first time in five months as BTC price consolidates below $20,000.
December 3, 2020
Potential customers in the U.S. are apparently holding off from using Ripple’s XRP-related services due to regulatory uncertainty.
December 3, 2020
PRESS RELEASE. ZKSwap developed by L2Lab is the first layer2 dex based on ZK-Rollups technology and using the AMM model. The team has recently closed a $1.7 million Angel Round led by Bixin, followed by Longling Capital, SNZ Holding, FBG Capital, Jubi, and Consensus Lab. After launching on the Ethereum Ropsten test network on November 16th, 2020, many community members have participated in the test and helped ZKSwap improve the product. To give back to the community, ZKSwap launched several testnet incentive programs to the users starting from November 27th, 2020, Beijing time. Details of the incentive program campaign have been announced on the official website zks.org. ZKSwap will give away 1 million ZKS for those users who are helping testing the layer2 transaction this time. There will be no public fundraising for ZKSwap and the community incentive program is […]
December 3, 2020
EOS rallied failed to gain momentum above $3.300 and corrected lower against the US Dollar. The price is currently holding the $2.950 support, but below the 55 simple moving average (4-hours). There is a major contracting triangle forming with resistance near $3.120 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could either rally above $3.200 or start a sharp decline below $2.950. EOS price is approaching a major break against the US Dollar, similar to bitcoin. The price must stay above $2.950 support to start a fresh rally. EOS Price Analysis In the past few days, EOS price failed to gain pace above the $3.300 resistance zone against the US Dollar. The price corrected lower and traded below the $3.150 support level. There was also a break below the $3.000 support and the price […]
December 3, 2020
Popular crypto data provider Messari has predicted that roll-ups will beat out Layer 1 alternatives as the dominant scaling solution amid Eth2’s multi-year incubation.
December 3, 2020
At least 65% of people who use the Paypal app to trade bitcoin are prepared to start using the top cryptocurrency to pay for goods and services at the 28 million stores supported by the payments company throughout the world. According to a proprietary survey of 380 Paypal users by Mizuho Securities, 17% of the respondents said they have already traded bitcoin (BTC) via their Paypal accounts since the firm started offering crypto services in October. Of these, the majority are the ones who showed readiness to utilize bitcoin for purchases. The finding is significant to the extent that it bolsters bitcoin’s credentials as a viable means of payment – something that bitcoin opponents have routinely used to discredit the digital asset. Paypal is expected to allow all its customers to use bitcoin as a funding source to pay for […]
December 3, 2020
Litecoin price surged above towards the $93.00 level before correcting lower against the US Dollar. LTC price is trading nicely above $80.00 and the 55 simple moving average (4-hours). There is a key contracting triangle forming with resistance near $88.50 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair is likely to start a fresh surge if there is a clear break above $88.60 and $90.00. Litecoin price is currently consolidating gains from above $85.00 against the US Dollar, similar to bitcoin. LTC price could rally again above $90.00 as long as it is above $80.00. Litecoin Price Analysis This week, there was a minor downside correction in bitcoin, Ethereum, ripple, and litecoin against the US Dollar. Earlier, LTC price gained bullish momentum above the $80.00 and $85.00 resistance levels. There was also a break […]
December 3, 2020
A controversial bill to ban the use of cash for transactions over $10,000 has been voted out by the Australian Senate
December 3, 2020
Two Chinese state-run media outlets have published a brief news item urging citizens to focus more on blockchain technology than on the “hype” of the recent surging Bitcoin prices across the board. China’s Government to Focus on Blockchain Both Sina and Xinhuanet have stated that the recent rally in BTC prices has no clear explanation. Instead, the reporters behind the article, Mao Zhenhua and Zhang Xiaohui, said people should focus on pro-blockchain state policies. Within the brief piece, the state-run press agency ensures that people are “gradually seeing the potential of blockchain technology and technological progress and regulatory escort are going hand by hand.” This is in line with the state’s negative stance towards the surge of interest in BTC and altcoins. The article adds that while crypto trading still represents an investment method that only generates “uncertainty”, blockchain technology […]
December 3, 2020
Phishers are coming after MetaMask users in increasingly clever ways.
December 3, 2020
Joseph Lubin believes Eth2’s development will move quicker than many are expecting, predicting the new protocol will “absorb” Ethereum in “the not too distant future”