December 3, 2020

US lawmakers seek to make stablecoins illegal without federal approval

A new bill introduced to Congress seeks to control the entire stablecoin industry by requiring all related activities to obtain federal approval first
December 3, 2020

Network Landmarks, Derivatives Records- 2020 Bitcoin Metrics See a Number of All-Time Highs

While the price of bitcoin has spiked to levels not seen in three years a number of other factors show that the current run-up is similar to the 2017 bull run. Active bitcoin addresses have neared all-time record highs, while the network’s hashpower has remained high as well coasting along at 130 exahash. Moreover, bitcoin derivatives markets have crossed record levels as well as open interest in options, and futures have never been so high. Following a 1,079 day wait, on November 30, 2020, BTC broke its record price high that was recorded in mid-December 2017. Since then, BTC has been consolidating about $1k lower than the ATH, as traders and analysts are uncertain what will happen next. Despite the slight downturn, there are a number of metrics showing the current market is very similar to the bull run witnessed […]
December 3, 2020

Mining City: A Blueprint for Success?

“Together we grow!” This is the slogan of Mining City, a company with a solid foundation in the cryptocurrency market. Is this catchphrase a real promise, or an overstated declaration? Let’s find out. Brick by Brick Cryptocurrencies are considered by many as the “gold of the digital age”. Just as the discovery of gold deposits in North America caused the famous Gold Rush, the introduction of Bitcoin in 2008 significantly affected the financial circulation on the Internet. It is safe to say that we are dealing with a “Crypto Rush”, which is becoming increasingly popular and contagious. Some people trade daily, others keep crypto assets for their future value (this is called “hodling”). There’s pressure and fast circulation – the “Rush” in the market… In 2019, Mining City decided to join the mining race and is taking bolder and bigger […]
December 3, 2020

‘If the water’s too clean there’ll be no fish’: China’s CBDC may hurt Macau’s casinos

Macau’s gambling industry is reeling amid rumors that the city’s regulator is in talks with casino operators regarding the introduction of China’s digital yuan.
December 3, 2020

‘New rules’ for SEC could follow example set by Wyoming, says Hester Peirce

“I do think there are some issues that crypto raises that are not neatly solved by our existing securities laws,” said the SEC commissioner.
December 3, 2020

‘You might get fired if you don’t own Bitcoin’: CoinShares on CNBC

There could now be a career-risk for a portfolio manager to not have Bitcoin in their portfolio — the CoinShares chairman talks Bitcoin sentiment on CNBC
December 3, 2020

BlackRock CEO Believes Bitcoin Could Become a Global Asset

Bitcoin could simply become a global asset. This is according to Larry Fink, the head of the world’s largest asset manager BlackRock. During a conversation with the former […]
December 3, 2020

Peter Schiff Lays Into Grayscale and CNBC, Claims Conspiracy to Pump BTC Value

Euro Pacific Capital CEO Peter Schiff is now training his guns on Grayscale Trust’s GBTC after the validation of his regular anti-bitcoin rhetoric was cut short by a resurgent crypto market. After rapidly falling to around $16,500 on November 26, BTC quickly recovered before it went on to set a new all-time high of $19,864 on November 30, 2020. Schiff Alleges a Conspiracy Realising that his long-standing rhetoric against BTC is not bearing fruit, Schiff now accuses Grayscale of fueling the bitcoin bubble through its paid for commercials on CNBC. Schiff claims the adverts are intended to “pump bitcoin to investors.” The Euro Pacific Capital CEO then details how CNBC is supposedly colluding with pro-bitcoin analysts to help the cause of the digital asset. Explaining the conspiracy, Schiff alleges that after receiving the payments for the advertisements, “CNBC then returns […]
December 3, 2020

Ripple CEO Walks Back Threat to Leave US

Prolonged but fruitless efforts to get regulators on the firm’s side seem to have exhausted Ripple’s patience as it eyes a potential IPO and fights a lawsuit.
December 2, 2020

The road not taken: Jealous brother claims twin earned $10M in Bitcoin

“His wealth in Bitcoin alone is more than 100 times greater than my entire net worth,” the “dumb” twin claims.
December 2, 2020

Bitcoin price consolidates as traders contest the $18.2K to $19.5K range

Bitcoin price has decided to take a breather as bulls and bears fight to take control of the $18,200 to $19,500 range.
December 2, 2020

US Lawmakers Introduce Bill That Would Require Stablecoin Issuers to Obtain Bank Charters

Rep. Rashida Tlaib, Rep. Stephen Lynch and Rep. Jesus Chuy Garcia have introduced a bill that would require stablecoin issuers to secure bank charters and either obtain FDIC insurance or maintain full reserves to operate in the U.S.
December 2, 2020

Alliance Bernstein Tells Clients Bitcoin Has a Role in Asset Allocation

Alliance Bernstein has told its clients that bitcoin has a role in investment portfolios. The head of the Portfolio Strategy team of the firm’s research arm said he has changed his mind about bitcoin after previously stating that it did not have a place in investment portfolios. Alliance Bernstein Recommends Bitcoin Allocation Alliance Bernstein’s Inigo Fraser-Jenkins reportedly told clients on Monday that he’s changed his mind about bitcoin. Once a bitcoin skeptic, Fraser-Jenkins told clients in 2018 that bitcoin had no place in investment portfolios. However, in a note to clients on Monday, he wrote: I have changed my mind about bitcoin’s role in asset allocation. Alliance Bernstein (AB) is a leading global investment management and research firm with $631 billion in assets under management. Fraser-Jenkins is co-head of the Portfolio Strategy team at Bernstein Research, the research arm of […]
December 2, 2020

Inigo Fraser-Jenkins Has Become a True BTC Fan

It’s always pleasurable to see a one-time bitcoin skeptic get turned into a believer, and that appears to be the case with Inigo Fraser-Jenkins, the co-head of portfolio strategy at Bernstein Research. Fraser-Jenkins: I See BTC Differently, Now In a recent note to his clients, he has commented that everyone needs to make room in their portfolios for bitcoin and other cryptocurrencies. What’s the big clincher? Fraser-Jenkins was once a bitcoin skeptic, but he now appears to be far more open-minded about the subject. His note even reads: I have changed my mind about bitcoin’s role in asset allocation. While he believes that bitcoin is on a solid run (the currency has recently spiked beyond the $19,000 level), he says that it’s primarily the coronavirus pandemic that has caused him to change his thoughts and ideas regarding bitcoin. As it […]
December 2, 2020

Million-dollar startup taps Algorand to fight climate change

Climatetrade will launch its marketplace for carbon offsetting on the Algorand blockchain.
December 2, 2020

Market Wrap: Bitcoin Flat at $19K While Ether Options Traders Bet Bearish on 2021

Bitcoin’s price is seeing little action while the ether options market is betting on a much lower valuation for the asset in 2021.
December 2, 2020

Broccoli and Bitcoin, a holiday love story

From the minds that brought you cheese with holes in it comes this year’s weirdest ad campaign.
December 2, 2020

Josh Brown on Bitcoin’s ‘Respectability Rally’ and Why We’ll See Dow 100,000 in Our Lifetime

One of finance’s most colorful personalities joins NLW to discuss how advisers spend their money, Robinhood traders, bitcoin and more.
December 2, 2020

Why Ethereum and Bitcoin Are Very Different Investments

Analysts are warning crypto newcomers that ether shouldn’t be considered merely as a second-best crypto investment after bitcoin.
December 2, 2020

What Makes This Bitcoin Bull Run the Opposite of 2017?

Bitcoin is enjoying a historic run. The currency recently beat out its previously set all-time high, which occurred in December of 2017. Now, the currency has settled down a bit, but remains above $19,000 at the time of writing. Bitcoin Is Exploding As of Late Many are wondering if a setback is likely to occur this time around. That’s a big fear considering how similar this bitcoin run has been to the one from three years ago. As we all remember, the currency rose to nearly $20,000 per unit during the Christmas season of 2017, but just a few weeks later, the asset found itself dropping. By the beginning of February 2018, the currency had lost more than $10,000 off its price. Not long ago, the currency suffered a slight retrace that brought it back down into the $17,000 range, […]
December 2, 2020

Ethereum 2.0 still has a long road ahead, MEW founder says

Despite its recent Phase 0 launch, the fully realized transition to Eth2 could still be years away from completion.
December 2, 2020

4 Charts Showing Why Bitcoin Is an Alternative Risk Asset

Who said “safe haven”? Bitcoin’s unique performance and risk profile make it a different type of investment animal.
December 2, 2020

Visa, Blockfi Launching Credit Card With Bitcoin Rewards — Get BTC Back on All Transactions

Blockfi has unveiled a credit card with bitcoin rewards in collaboration with Visa. This is “the first credit card that lets you earn bitcoin back with every purchase,” Blockfi detailed. Visa Credit Card Offering Cash Back in Bitcoin Crypto financial services provider Blockfi announced on Tuesday that its customers can start signing up for “The world’s first bitcoin rewards credit card” that will launch early next year in collaboration with Visa. “We’re excited to announce an innovative new product we’ve been working on for a long time: the first credit card that lets you earn bitcoin back with every purchase,” Blockfi wrote, elaborating: For every transaction that you make on the card, 1.5% cash back will accrue and then automatically be converted to bitcoin and placed into your Blockfi account on a regular monthly cycle. “It’s the first credit card […]
December 2, 2020

Price analysis 12/2: BTC, ETH, XRP, LTC, BCH, LINK, DOT, ADA, BNB, XLM

Bitcoin reclaimed the $19,000 level, but charts suggest BTC and altcoins may consolidate for a few days before starting the next trending move.
December 2, 2020

BTC-Fan MicroStrategy Sees Its Stock Double

MicroStrategy has done quite a lot with bitcoin this year. It’s earned a solid reputation from its customers as a result, and now, shares in the firm have almost doubled in the past few months. MicroStrategy Has Reached the Top MicroStrategy has been the subject of many a headline in the past several weeks given that it’s one of the first major institutional firms to come out and mention that it will be purchasing bitcoin. When the news finally emerged, it turned out that the company hadn’t just bought bitcoin… It was practically swimming in it. MicroStrategy bought more than $400 million worth of the world’s number one digital currency by market cap. However, things didn’t quite stop there. The company’s CEO Michael Saylor came out to mention just how confident he was in bitcoin. He stated that without investing […]
December 2, 2020

After Lightning-Paced Tier-1 Sellout, ClinTex’s CTi Token Is Now Trading on KuCoin

PRESS RELEASE. ClinTex is all set to fulfill its promise of reducing cost and time wastage in the medical trials industry, with its CTi token available for public trading on KuCoin on Wednesday. Using the combination of blockchain, artificial intelligence and smart contracts, ClinTex is an innovative medical trial platform that will usher in an era of data sharing, analytics and management in pharmaceutical development that will revolutionize the current industry. The aim: eliminate issues that cause time and resources to be wasted and remove duplication of efforts. Sharing is Caring The pharmaceuticals industry is lucrative – an innovative medicine that can tackle a disease is worth billions in sales. However, the industry is littered with high barriers to entry and unfathomable lead times for products. Compounding these problems are the tough trial stages before drugs are approved for use. […]
December 2, 2020

Multi-utility tokens to enable Web 3.0 by providing more than financial value

The benefits of utility tokens could soon stretch beyond payment facilitation and governance capabilities.
December 2, 2020

Blockchain Bites: Record-Breaking ‘Active’ Bitcoin Users as Wall Street Ponders Mass Adoption

There are now more active bitcoin users than ever before, as CEOs of both PayPal and BlackRock think about the future of finance.
December 2, 2020

BlackRock CEO: Bitcoin has caught our attention

Larry Fink believes Bitcoin may evolve into a global market.
December 2, 2020

Looking Back, Moving Forward: Crypto’s Most Influential in 2020

CoinDesk marks its seventh Most Influential list with two CoinDesk Live events Dec. 7-8.
December 2, 2020

Visa will facilitate USDC payments, thanks to fresh partnership

This could significantly lower the barrier to entry for stablecoin use.
December 2, 2020

Vitalik Buterin outlines next steps for Ethereum after Beacon Chain launch

A lot of the work is done in parallel, meaning scalability is closer than it seems.
December 2, 2020

Institutional investors won’t save crypto, but they will help it grow

Institutional players are coming to the crypto ecosystem, but how will they impact the industry? Will they boost it or collapse it?
December 2, 2020

The challenges of Eth2 staking, explained

Eth2 staking has its downsides — people may not have the means to contribute 32 ETH, or the technical knowhow to run a node. Can these issues be solved?
December 2, 2020

What Is Sharding?

“Sharding” is a proposed method of splitting Ethereum’s infrastructure into smaller pieces in an attempt to scale the network.
December 2, 2020

Grayscale Ethereum Trust to implement 9-for-1 share split

The split will take effect on Dec. 17.
December 2, 2020

Onchain Researchers Suspect Chinese Government Sold Plustoken’s Billion-Dollar Bitcoin Hoard Last Year

A number of masterminds from the Plustoken scam were sentenced to 11 years in prison for defrauding cryptocurrency investors. Last week, on November 19, a court ruling had shown the Chinese government said that it seized over $4 billion in crypto assets from the Plustoken scam. Meanwhile, onchain sleuths believe the Chinese government may have already sold a great number of the coins and simply added the proceeds to the central treasury. Plustoken Masterminds Sentenced to Up to 11 Years in Prison Just recently, a Jiangsu Yancheng Intermediate People’s Court ruling published on November 19, shows the Chinese government seized a massive sum of crypto assets worth over $4.2 billion. According to the court filing, Chinese law enforcement confiscated 194,775 BTC, 833,083 ETH, 79,581 BCH, alongside a large trove of LTC, EOS, DASH, DOGE, and the stablecoin tether (USDT). New […]
December 2, 2020

$10.8M Stolen, Developers Implicated in Alleged Smart Contract ‘Rug Pull’

Rogue developers seem to have rug-pulled their own project, Compounder Finance, netting some $10.8 million in funds from the project’s investors.
December 2, 2020

Bitcoin, gold to benefit as Peter Schiff predicts ‘worst year ever’ for US dollar

Multiple voices forecast a weaker dollar in the long term, starting now, in a prime boost for safe havens.
December 2, 2020

Grayscale Ethereum Trust Announces 9-for-1 Stock Split

Existing shareholders will receive eight additional ETHE shares for each one held, with each new share being a ninth the value and price of the current ones.
December 2, 2020

OKEx CEO Says Exchange Updating Procedures to Prevent Repeat of Withdrawal Freeze Issue

Jay Hao pledged in an AMA that his firm has taken steps to ensure cryptocurrency withdrawals won’t again be frozen because of the absence of a keyholder.
December 2, 2020

First Mover: Short Shrift for XRP Token’s 169% Price Surge as Traders Obsess Over Bitcoin

XRP soared 169% in November, topping performance of the CoinDesk 20 digital assets during a month when bitcoin dominated headlines.
December 2, 2020

Visa May Issue USDC Credit Card After Adding Circle to ‘Fast Track’ Program: Report

Visa is linking its payments network of 60 million merchants to the USDC stablecoin, according to Forbes.
December 2, 2020

1inch Raises $12M to Keep Up With DeFi’s Growing Crop of DEX Aggregators

Decentralized exchange (DEX) aggregator 1inch has closed a $12 million funding round led by Pantera Capital.
December 2, 2020

Major anime platform incorporates crypto and NFTs to ebook market

Distributed ledger technology will also enable rights holders to receive royalties from resales.
December 2, 2020

DeFi protocol 1inch closes $12M funding round led by Pantera Capital

Funding will be used to expand 1inch’s presence in Asia and build new products.
December 2, 2020

PayPal CEO calls on crypto industry to work hand in hand with regulators

Compliance is key if you want to play the game, says PayPal CEO Dan Schulman.
December 2, 2020

Project gives away 14M tokens in digital universal basic income experiment

GoodDollar believes that “digital basic income can work at scale, while effecting positive change on a global level.”
December 2, 2020

PayPal CEO Dan Schulman Tells Web Summit the ‘Time Is Now’ for Crypto

Dan Schulman took to the stage at Web Summit tech event on Wednesday, telling attendees that cryptocurrency is on the way to the mainstream.
December 2, 2020

Report: 33% of US Based ICO Investors Say Founders Intentionally Deceived Them or Withheld Key Information

A survey conducted by Xangle Research finds that a third (33%) of respondents say founders of an initial coin offering (ICO) in which they invested either intentionally deceived them or withheld key information. A further 17% of the responding ICO investors say they did not know if they had been deceived. However, about half (50%) of the 600 U.S. investors that took part in the survey replied no when asked the same questions. Divergent Views The survey, which sought to gauge investor sentiment in the aftermath of the 2017 ICO craze, also found that over half of the 33% who said yes think “the ICO project creators should be held criminally liable.” Commenting on these findings, the research firm says “these responses show a much bigger problem around transparency and information asymmetry.” Xangle Research adds that information asymmetry “leads to […]
December 2, 2020

Ripple’s XRP sees explosive 1,151% trading volume spike in November

XRP saw a 1,151% surge in trading volume on eToro as its price nearly tripled last month.
December 2, 2020

Ukraine’s Draft Crypto Bill Passes First Parliamentary Hearing

Ukraine’s parliament has approved the first version of a draft cryptocurrency bill, bringing regulation of the industry a step closer.
December 2, 2020

Valid Points: The Risks and Rewards of Staking on Eth 2.0

Breaking down Ethereum 2.0 and its sweeping impact on crypto markets, weekly.
December 2, 2020

XRP Led November’s Crypto Bull Run With 169% Gain

XRP jumped 169% in November to top the performance rankings among digital assets in the CoinDesk 20, outperforming bitcoin and ether.
December 2, 2020

Bitcoin Sees Record Number of Active Users as Price Almost Hits $20K

As bitcoin set a new price high closer to $20,000 on Tuesday, the network also saw record-breaking user activity.
December 2, 2020

Bitmain reportedly cuts off funding to Bitcoin Core developers

Bitcoin Core touts itself as a direct descendant of Satoshi Nakamoto’s original Bitcoin software client.
December 2, 2020

Bitcoin moves $500K around the globe every second, says Samson Mow

Samson Mow, chief strategy officer at Blockstream, says Bitcoin was never about “transactions per second and coffee,” but about value and a “new financial paradigm.”
December 2, 2020

Dusk Network Takes ‘Around 10%’ Stake in Dutch Stock Exchange

Security token platform Dusk Network has become a shareholder of a Dutch stock exchange as part of both firms’ plans for share tokenization.
December 2, 2020

Russian central bank opposes ruble-pegged stablecoins

Russia wants to follow China’s approach of banning private stablecoins pegged to its national fiat currency.
December 2, 2020

Crypto.com Secures Australian Financial Service License

Crypto.com has secured an Australian Financial Service License through its acquisition of The Card Group.
December 2, 2020

Historian Niall Ferguson Says Bitcoin Is Winning the Covid-19 Monetary Revolution

Historian and senior fellow with the Hoover Institution at Stanford University, Niall Ferguson says bitcoin is winning the Covid-19 monetary revolution. Hailing the virtual currency as a great place for the rich to store their wealth, Ferguson also notes that the bitcoin’s resilience has forced critics as well as institutional investors to alter their views about the leading crypto. Cash Use Declining Ferguson names bitcoin basher Nouriel Roubini alongside one financial journalist as some of the critics that are now having second thoughts about bitcoin. In an opinion piece, Ferguson explains that before Covid-19 struck, a financial revolution was already underway with cash being the main casualty. To support his belief that a financial revolution is underway, the historian says in “some parts of the world — not only China but also Sweden — nearly all payments are now electronic.” […]
December 2, 2020

Tron (TRX) Price Analysis: Major Uptrend Support At $0.027

Tron price started a strong decline after rallying towards the $0.0400 level against the US Dollar. TRX price is now trading below the $0.3500 level and the 55 simple moving average (4-hours). There is a major contracting triangle forming with support near $0.0300 on the 4-hours chart (data feed via Bitfinex). The pair is likely to start a fresh increase as long as it is above $0.0300 and $0.0275. TRON price is trading in a positive zone above $0.0300 against the US Dollar, similar to bitcoin. TRX price must stay above $0.0275 to start a fresh increase in the near term. Tron Price Analysis TRON price rallied sharply this past week above $0.0300 and $0.0320 against the US Dollar. TRX price even spiked above the $0.0380, but it failed to clear the $0.0400 resistance level. Recently, there was a sharp […]
December 2, 2020

NYDIG raises $150 million for two Bitcoin investment funds

Bitcoin is becoming an increasingly “institutional asset,” according to NYDIG’s CEO.
December 2, 2020

Bitcoin hitting $200K by December 2021 is now ‘conservative’ — Willy Woo

BTC/USD is more likely to reach $300,000 in a year’s time, the popular analyst says, thanks to an “amplified bullish feedback loop.”
December 2, 2020

Australian Crypto Exchange Exposes Personal Data of 270K Users

BTC Markets, one of Australia’s biggest cryptocurrency exchanges, has accidentally exposed users’ data, raising the risk of phishing attacks.
December 2, 2020

Why one analyst says Bitcoin ‘is on the cusp’ of busting through $20K

The market sentiment around Bitcoin is currently mixed, but one fund manager argues that BTC may soon see a new multi-month rally.
December 2, 2020

Crypto Buying App Ziglu Bags Largest Raise of 2020 on UK Crowdfunding Site Seedrs

U.K.-based bitcoin app Ziglu raised over $8 million in a crowdfunding campaign, the largest equity raise on the Seedrs platform this year.
December 2, 2020

NFT representing 5% of Monaco F1 Delta Time track auctioned for $220K

NFT-powered racing game F1 Delta Time has auctioned off a segment of an in-game track for $222,000.
December 2, 2020

Coinbase Says It Brokered Microstrategy’s Influential $425 Million Bitcoin Buy

U.S. crypto exchange Coinbase said Tuesday that it brokered Microstrategy’s $425 million bitcoin purchase earlier this year. Until now, it has not been clear who facilitated the deal. Microstrategy’s first bitcoin (BTC) haul of $250 million bought in August was executed over five days, Coinbase revealed in a case study of the transactions. The deals – done via the exchange’s brokerage unit called Coinbase Prime – leveraged human effort and trading algorithms that sliced Microstrategy’s order into 200,000 fills. Each fill averaged under 0.3 BTC in size, it said. Cutting the main order into much smaller orders placed across several liquidity pools helped to “minimize price impact … [and] to not disturb the market” while achieving savings of $4.25 million for Microstrategy. “Using our advanced execution capabilities, leading crypto prime brokerage platform, and OTC desk, we were able to buy […]
December 2, 2020

BTC Markets privacy breach exposes all customers to potential phishing attacks

Aussie exchange BTC Markets has revealed the full name and email addresses of all of its customers in a marketing email blast.