January 17, 2021

Former Canadian prime minister names Bitcoin as possible reserve currency

Bitcoin could be part of a basket of reserve alternatives to the U.S. dollar, according to Stephen Harper.
January 17, 2021

Another Bruise for Ripple as Grayscale Customers Say Goodbye to XRP Trust

Ripple and XRP are continuing to lose the love they once boasted thanks to the recent lawsuit initiated by the Securities and Exchange Commission (SEC). Ripple Is Losing Out Again The financial firm recently filed charges against Ripple on account that the XRP asset it hosts is alleged to be a security rather than a currency by agency heads. Thus, according to the organization, Ripple has not been forthcoming regarding the coin’s status and engaged in an illegal token sale when XRP was first offered by not properly registering it. It is estimated that the company sold over $1 billion units during that time. Ripple has fought these allegations, claiming that XRP is a standard currency and that it has been recognized as so by several leading financial organizations in both the United States and abroad. Nevertheless, it appears that […]
January 17, 2021

Hedge fund predicts $115K Bitcoin price and the fall of ‘speculative’ altcoins

Analysts say Bitcoin and Ether’s growing dominance of the crypto market are signals that the current bull market is drastically different than the last one.
January 17, 2021

China’s Blockchain-Based Service Network to Integrate Central Bank Digital Currency

The BSN expects to complete integrations with a total of 30 public blockchains this year.
January 17, 2021

Ripple is Hiring Director of Engineering for RippleX Platform

The planned new hire along with a recent expansion show Ripple does not seem deterred by legal troubles in the U.S.
January 17, 2021

Former Ripple CTO may have lost much more than $220M in Bitcoin

Current CTO David Schwartz claims Stefan Thomas created hundreds of accounts with 1.0 BTC “because that was the fastest and easiest number to type” for his experiments.
January 17, 2021

IMF Tells Governments: Spend as Much as You Can and Then Spend More

The head of the International Monetary Fund (IMF) has called on countries worldwide to spend as much as they can and then spend more. She admitted that this is a “very unusual” policy for the IMF but it is needed to revive economies. Many people are interpreting her statement as very bullish for bitcoin. IMF Encourages Mass Spending IMF Managing Director Kristalina Georgieva has urged governments worldwide to spend as much as they can and then spend even more. She said on Friday at Russia’s annual Gaidar economic forum that policymakers worldwide should embrace more spending to help revive their economies. She was quoted by Reuters as saying: In terms of policies for right now, very unusual for the IMF, starting in March I would go out and I would say: ‘please spend’. Spend as much as you can and […]
January 17, 2021

Grayscale Raises $700M+ in a Day, Its Largest Daily Asset Raise Ever

In Q4 2020, the company raised $3.3 billion across its cryptocurrency investment vehicles.
January 17, 2021

Early Mt. Gox Creditors Are Now Entitled to “Justice” Payments

It’s hard to believe that after nearly seven years of waiting, there are still many traders and individuals who have not garnered what’s rightfully theirs from Mt. Gox, the now defunct cryptocurrency trading platform in Japan. Mt. Gox Victims Can Now Get Their Money However, after all this time, it looks like many creditors are finally going to get access to the funds that have been locked up for so long following the company’s bankruptcy filing. Mt. Gox is widely considered one of the worst disasters in cryptocurrency history. The trading exchange experienced a massive theft that saw more than $400 million in BTC units disappear overnight. There was much speculation as to what may have caused the disappearance and who was behind it. There was even talk of it being an inside job, and the company’s founder Mark Karpeles […]
January 17, 2021

Bitcoin’s Massive Swings Give Pause to CFOs Mulling Reserve Investment: Bloomberg

Bitcoin’s 30% price correction was enough to give some CFOs second thoughts.
January 17, 2021

Top 5 cryptocurrencies to watch this week: BTC, LINK, UNI, XTZ, ATOM

Bitcoin’s brief period of consolidation has opened a path for select altcoins to rally higher.
January 17, 2021

Strategist: Bitcoin more likely to be successful ‘in the long run’ than Ethereum

Lyn Alden likens Ethereum to the Concorde aircraft: functional, but not “an economically sustainable project.”
January 17, 2021

Coinbase Redoing Infrastructure to Prevent Outages During Peak Times

The exchange also said it’s working to improve its customer service response time, another source of complaints.
January 17, 2021

Dollar-Cost Averaging Crypto Profits: Low-Risk Bitcoin Investing Without All the Stress

Bitcoin prices and a number of other digital assets have grown significantly in value during the last decade. Some people have made millions and even billions throwing down everything they have during the cryptocurrency’s earliest days of price discovery. However, there’s another method of investing called dollar-cost averaging or DCA, a scheme that’s considered far less risky and can still bring a cryptocurrency investor decent profits over the long term. Ever since bitcoin jumped over the crypto asset’s all-time high (ATH) recorded in 2017, the digital currency has continued to gather a higher value after surpassing the $20k zone. Then bitcoin (BTC) tapped a new ATH ten days ago, after the crypto asset jumped over the $42k range. Additionally, a number of alternative digital assets are nearing their 2017 ATHs and some newer coins like Polkadot and Chainlink also touched […]
January 17, 2021

JPMorgan: Institutions Do Not See Bitcoin Beyond a Speculative Light

Over the past few months, bitcoin has been enjoying a historic bull run like no other. The asset has reached $40,000 in certain weeks, and as a result, we have been hearing several different narratives discussing what could potentially be making the asset spike to such an extent. Bitcoin May Not Be What We’ve Assumed One of the most common arguments we’ve been hearing is that institutions are now seeing bitcoin in a much more positive light. They believe that bitcoin is a hedge tool of sorts and comparable with gold in that it can potentially keep one’s wealth safe and sturdy during times of economic strife. With inflation on the rise and the global economy suffering thanks to the coronavirus pandemic, this seems rather easy to believe. However, according to various sources, this isn’t entirely correct. In fact, data […]
January 17, 2021

DeFi’s death by a thousand cuts

They said that 2020 was the year of DeFi. Perhaps 2021 should be the year of DeFi’s sensible regulation.
January 17, 2021

Guggenheim CIO: ‘Speculative frenzy’ to die down, but $400k target still on

While some traders have gotten mixed signals, Guggenheim’s Scott Minerd is taking the long view.
January 17, 2021

Pre-Register Now on Aladdin Exchange to Receive 100 TNC Coins

PRESS RELEASE. UAE-based crypto exchange Aladdin opens its platform for pre-registered users. This digital asset exchange is the newest one in the cryptocurrency market. As part of its pre-launching event, the Aladdin Exchange team invites everyone to pre-register and refer people to join the crypto exchange before its official launching. By doing the pre-registration and referral, users can get instant TNC Coins! Aladdin Exchange Overview Based in the UAE, Aladdin Exchange aims to cater to cryptocurrency users and traders all over the world. The overall exchange operations are led by the TNC IT Group. Within the platform, a convenient and transparent marketplace for cross-border crypto trading is made available. Aladdin Exchange ensures a reliable market price for buying and selling crypto assets. Moreover, the exchange is expertly engineered with a security system of the highest standard to protect trader’s digital […]
January 17, 2021

Secure Bitcoin self-custody: Balancing safety and ease of use

With Bitcoin’s price clocking $40,000 recently, safe and secure measures for storing the valuable digital asset are once again on the agenda.
January 17, 2021

Paypal to Earn $2 Billion in Revenue From Its Bitcoin Business, Says Analyst

Mizuho Securities analyst Don Dolev has forecast that Paypal will earn up to $2 billion in revenue from its bitcoin business by 2023. This year, he expects that the payment giant’s overall revenue will climb 20%. Dolev says there has been a “dramatic increase in engagement due to crypto,” with 50% of Paypal crypto users opening the app daily. “Both our survey and management commentary unveil a dramatic increase in engagement due to crypto,” said Dolev in a note to clients this week. Paypal announced in October that its 346 million active users will now be able to buy, hold and sell bitcoin and other digital assets using their Paypal accounts. The company’s crypto service, which runs on Paxos’ fiat-to-crypto exchange, Itbit, has seen an explosion of interest ever since. At one time, Paypal was buying 70% of all newly […]
January 17, 2021

‘America and Sound Money,’ the Most Important Bitcoin Essay of the Last Year

A reading of the “Stone Ridge 2020 Shareholder Letter” by Ross Stevens.
January 17, 2021

‘You’re Starting To Democratize Access.’ Arca’s Jeff Dorman on Crypto’s Impact on Organizational Structure and Other Big Trends to Look for in 2021

A leading crypto investor on the year-ahead for bitcoin, NFTs, India and DeFi community tokens. Your host is Ben Schiller.
January 17, 2021

Decred co-founder explains the possible effects of a CBDC takeover

How would mass-scale CBDC issuance impact the crypto space?
January 17, 2021

Healthcare Jobs of the Future

Recent encouragements to integrate and leverage consumer [patient] generated data in the world of healthcare poses a unique threat to patient privacy that isn’t addressed nearly enough. According to the 2021 healthcare trends report published by Apploi, said patient data would be collected via monitoring devices installed in homes, on smartphones, in public places, and healthcare facilities that would have the capability to regularly record and upload patient data that would get sent to providers. As the dependence on digital health increases, so do the barriers that will need to be addressed which include: unreliable access to the internet, privacy, and the cost affordability of remote monitoring devices. Although there are many concerns when it comes to privacy, interoperability and data silos are the two that would need to be most urgently addressed. The major shift that our healthcare system […]
January 17, 2021

Why DeFi plus asset tokenization will take crypto to new heights

Blending real-world assets and DeFi is going to shake this whole market to its core.
January 17, 2021

Polkadot Flips XRP to Become the Fourth-Ranked Crypto After Price Spikes 100% in Less Than a Week

Dot, the native token of the Polkadot network, has flipped XRP to become the fourth-ranked token after its price rallied by more than 40% in just 24 hours. Since January 11, the token has now gone up by more than 100% to set a new all-time high (ATH) of $18.06 on January 16. With its market capitalization currently standing at over $16.8 billion, the Dot token now surpasses that of XRP by over $4 billion. Yet before the December 23, 2020 breakout, the Polkadot token had a market capitalization of just under $4.5 billion and an average price of $4.70, according to data from Markets.bitcoin.com. However, between then and January 3, the token soared by more than 100% to close at $10.35. Yet, after this initial price surge, the token then briefly stabilized at just under $10.35 before dropping to […]
January 17, 2021

Synthetic dreams: Wrapped crypto assets gain traction amid surging market

Synthetic crypto assets offer vast potential to shake up the crypto and traditional financial markets, but what’s behind the current growth?
January 17, 2021

DeFi bull run: Why Aave and SUSHI are surging despite Bitcoin price uncertainty

Aave, SushiSwap, and other major DeFi bluechips are rallying hard despite Bitcoin’s consolidation.
January 17, 2021

India Seizes Bitcoins Worth $1.2 Million From Hacker of Government Website and Crypto Exchanges

Indian police have seized $1.2 million in bitcoin from a hacker who allegedly hacked a government website, online game portals, and cryptocurrency exchanges. He was previously arrested for stealing $1.5 million from an Indian state government. Indian Police Seize Bitcoins From Hacker The Bengaluru Central Crime Branch (CCB) Police have revealed that bitcoins worth Rs 9 crore ($1.23 million) have been seized from a 25-year-old hacker, local media reported Friday. The hacker known as Shri Krishna is a software engineer and resident of Jayanagar in south Bengaluru. He was arrested on Nov. 18 for sourcing drugs through the darknet using bitcoins. Bengaluru Joint Police Commissioner (Crime) Sandeep Patil explained that during the investigation: We have recovered 31 bitcoins from Krishna, which is worth Rs 9 crore. Besides buying drugs, Patil said that the hacker and his friends “were also using […]
January 17, 2021

$500M in crypto futures liquidated as Bitcoin dips below $34K: What happens next?

The cryptocurrency market saw over $500 million worth of positions liquidated in the last 24 hours as Bitcoin slid below $34,000.
January 17, 2021

Institutional investors won’t take Bitcoin mainstream — You will

Real-world applications and users, not institutional investors, will challenge the failing fiat currencies and increase Bitcoin adoption around the world.
January 17, 2021

Gold Exceeds U.S. Dollars in Russia’s Reserves as Putin Focuses on De-Dollarization

Russia is now holding more gold than U.S. dollars in its reserves for the first time, according to the latest report by Russia’s central bank. Russian President Vladimir Putin has made de-dollarization his country’s key policy to reduce the Russian economy’s exposure to the U.S. dollar amid heavy sanctions. Russia Now Has More Gold in Its Reserves Than US Dollars Gold has reportedly surpassed U.S. dollars in Russia’s reserves of $583 billion for the first time, according to a report published this week by the Bank of Russia. The country has been growing its international reserves in recent years. The report shows that gold made up 23% of the central bank’s reserves as of June 30, 2020, Bloomberg detailed, citing the latest data with a breakdown. The share of the U.S. dollar in the reserves has fallen to 22% from […]
January 17, 2021

Swiss Stock Exchange’s Crypto Trading Volume Soars — Hits Record $1.2 Billion

Switzerland’s principal stock exchange has revealed that its crypto trading volume hit a record high of CHF 1.1 billion ($1.23 billion) in 2020. The exchange now offers 34 exchange-traded products, allowing investors “access to 100 different crypto products trading on our platform,” said the exchange’s head of markets. Crypto Trading Volume on Switzerland’s Stock Exchange Hit Record High SIX Swiss Exchange, Switzerland’s principal stock exchange, announced Wednesday that its crypto trading volume hit a record high last year. The announcement details: The Swiss Stock Exchange, the world’s leading marketplace for regulated crypto products, has registered a break of the billion barrier in trading turnover in crypto products for the first time with CHF 1.1 billion in 2020. It adds that this volume “surpassed the record CHF 525 million from 2017 by 112%.” In addition, “the number of trades reached a […]
January 17, 2021

Algorithmic asset experiments continue to entice traders & developers

On the frontiers of algorithmic assets, trading isn’t the only activity that will raise your heartrate
January 17, 2021

IMF Says Only 23% of Central Banks Can Legally Issue Digital Currencies

Researchers at the International Monetary Fund (IMF) have examined the central bank laws of 174 IMF members to answer the question of whether a digital currency is really money. They found that of all the central banks studied, only about 23%, or 40 central banks, “are legally allowed to issue digital currencies.” IMF Explores if Digital Currency Is Money The IMF published a blog post on Thursday exploring whether digital money is really money in the legal sense. The post is authored by Catalina Margulis, a consulting counsel in the IMF Legal Department’s Financial and Fiscal Law unit, and Arthur Rossi, a research officer in the same unit. Expressing their own views, the authors began by observing that “close to 80 percent of the world’s central banks are either not allowed to issue a digital currency under their existing laws, […]
January 16, 2021

Central Bank Digital Currencies Not a ‘Fad,’ MetLife Investment Says

The investment giant predicts CBDCs will continue gaining steam, although Western central banks have more outstanding questions than answers.
January 16, 2021

Stefan Thomas Is Okay with the Recent Loss of His BTC Fortune

Recently, Live Bitcoin News published a story about Stefan Thomas, a San Francisco resident originally from Germany that had only two tries left to access his locked bitcoin stash. Here is an update for all who may have been worried about his situation. Stefan Thomas: Finding Peace Through Loss Thomas has all his digital funds stored in a special kind of wallet known as Iron Key. The wallet is built to be stronger than standard wallets and less susceptible to fraud and theft. The big clincher is that a person has about ten separate tries to enter their password and login information. If, after those ten tries, the data proves false, Iron Key encrypts all the data held within and becomes lost forever. Thomas, at the time of writing, has tried eight times to gain access to the funds in […]
January 16, 2021

Traders say Bitcoin price ‘needed pullback’ to maintain bullish momentum

Analysts say Bitcoin price needed to “slow down” in order to maintain the bullish momentum needed for the next leg up.
January 16, 2021

Ethereum competitor Near Protocol (NEAR) gains 106% as DeFi heats up

In the past month Near Protocol (NEAR) rallied 106% as the DeFi market captured the attention of new investors.
January 16, 2021

BTC crash, DOT crushes XRP, man risks losing $262M: Hodler’s Digest, Jan. 10–16

The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — one week on Cointelegraph in one link!
January 16, 2021

A Russian Operation Is Mining Bitcoin in the Arctic Circle for Cheap Electricity

A Russian company is leveraging the Siberian city of Norilsk located above the Arctic Circle in order to mine bitcoins. Bitcluster, the owner of the crypto mining operation, plans to expand the firm’s activities after launching the facility in late 2020. According to the company’s website, the datacenter is getting electricity rates as low as $0.03 per kilowatt-hour (kWh). Mining Precious Crypto Assets in the Arctic Circle This week the Russian mining operation Bitcluster was featured in a Bloomberg video-report that highlights the company’s Norilsk bitcoin mine. The city of Norilsk is considered one of the world’s most northerly settlements and it is known for hosting the metal mining company MMC Norilsk Nickel PJSC. MMC Norilsk Nickel is the world’s largest palladium producer and it also produces colossal amounts of nickel, copper, and platinum. Now Bitcluster is bringing the polar […]
January 16, 2021

James Howells Is Working Extra Hard to Get His Lost BTC Back

Imagine having a lot of money stored up in a safe somewhere. Before you even realize it, you’ve somehow lost the safe’s key only to find that it went out with the rest of your everyday trash. It wasn’t something that you meant to do… It just kind of, well… happened. For 35-year-old James Howells, this is the reality he’s currently facing after realizing that he threw out some hard drives containing quite a bit of bitcoin with the rest of some unwanted materials. James Howells Really Wants His BTC Back While moving out of his home roughly eight years ago, Howells thought like most people do when they’re shifting locations, “How can I make this easier on myself? What useless junk that I don’t need anymore can I just get rid of to lessen the burden of what I’ll […]
January 16, 2021

Introducing ethrift.io Non-Custodial FIAT Ethereum Gateway

Sui Generis Pty Ltd est. 11.11.11 in Gold Coast, Queensland, Australia is a privately held organisation that specializes in medical innovation, research and development. We have a lean international team and work with world class developers to economically bring quality projects to fruition for you. Our first project ethrift.io is an Australian AUSTRAC registered non-custodial digital currency exchange. At launch it features AUD/ETH ETH/DAI trading pairs and DSR savings vault. Our system allows for the instant payments from traditional banking FIAT systems using New Payment Platform (NPP) services PayID and Oska and the customers cryptocurrency is received directly to their eth-wallet. ethrift.io is a non-custodial service meaning that the customer retains ownership of their crypto and secures their own private keys. This exchange platform is a vertical integration and represents the onboarding mechanism for our greater ecosystem. There are no […]
January 16, 2021

JPMorgan Chase execs weigh in on stablecoin regulation, crypto competition

While the OCC’s new stablecoin guidance doesn’t have an impact on JPM Coin, it could lead to crypto payments if there’s demand
January 16, 2021

Russian Metals Firm Norilsk Nickel Backs IBM’s Responsible Sourcing Blockchain Pact

The technology is aimed at tracing commodity flows in near real-time and cut paperwork.
January 16, 2021

Bitcoin Suffers Another Fall; Shaves Off $5,000

Bitcoin is ending the week with another dip added to its roster. The currency – which less than 24 hours ago was trading in the low $40,000 range again – has fallen by about $5,000 at the time of writing and is now trading for just over $35,000. Bitcoin Has Experienced Another Major Slip With the first few weeks of January in the books, it appears bitcoin is having difficulty making up its mind about where it wants to be for now. Initially, the currency hit a new all-time high of roughly $40,000 during the first moments of the month, though for the most part, it’s had a hard time retaining this position, with several major dips now under its belt in the new year. This is rather discouraging to most traders and analysts alike, with many members of the […]
January 16, 2021

Another court applies the Howey investment contract analysis to crypto

The ruling on the motion to dismiss in the SEC v. NAC case indicates that the SEC still has crypto sales in its crosshairs in 2021.
January 16, 2021

Mt Gox Creditors Asked to Approve a Settlement Proposal Drafted by Coinlab

On January 15, the public was made aware of a deal between the firm Coinlab Inc., the Mt Gox bankruptcy trustee, Nobuaki Kobayashi, alongside MGIFLP, a subsidiary of Fortress Investment Group. According to the proposal, Mt Gox creditors will be able to claim as much as 90% of the bitcoin held by Kobayashi and the Tokyo court. Despite the recent reports, creditors still have to approve the proposal made by the company. Coinlab Offers Mt Gox Creditors a Proposal Last week, Mt Gox creditors were told there was a new online system dedicated to the claims they hold. Essentially, the Mt Gox creditors are a band of former customers of the exchange who want to obtain some of the funds lost during the breach seven years ago. Mt Gox was a bitcoin trading exchange and at the height of 2013, […]
January 16, 2021

Multiple DeFi mainstays crack top 20 in long-awaited ‘Great Repricing’

For DeFi believers, vindication has been every bit as profitable as it’s been sweet
January 16, 2021

Crashes, Rallies and Stimulus: A Normal Week for 2021 Bitcoin

The second full business week of January has demonstrated many trends that NLW argues will shape bitcoin and crypto throughout the year.
January 16, 2021

Polkadot gains 75% in one week — But can DOT price reach $20 next?

The price of DOT is getting close to $20 but a pullback shouldn’t be ruled out after such a strong rally.
January 16, 2021

Risk management in crypto: Aka ‘the art of not losing all your money’

To attract and retain the interest of institutional traders, we need advanced risk management tools that can maximize gains for investors.
January 16, 2021

Bahamas-Based Deltec Bank Holds a ‘Large’ Bitcoin Position

Bahamas-based Deltec Bank & Trust said during a recent video review that it’s holding a “large position” in bitcoin. The information was given by their chief investment officer, Hugo Rogers. Deltec Executive Discusses Bitcoin Position According to the video uploaded to the bank’s Youtube channel, Deltec’s large position in bitcoin (BTC) has brought “a lot of attention recently.” Rogers further explained the move: We bought bitcoin for our clients at about $9,300, so that worked very well through 2020. And we expect it to work well in 2021 as the liquidity crisis continues to run hot. Earlier this year, Rogers told Bloomberg about what represents a bitcoin position from a strategical point of view: A small position in Bitcoin can go a long way. There’s a lack of an alternative in real assets that can show a comparable return. If […]
January 16, 2021

Peak fear? Bitcoin futures leverage gets reset by this week’s wild price swings

Bitcoin futures leverage is dropping steeply, indicating that traders are fearful or uncertain about the BTC price trend.
January 16, 2021

Bitcoin has become nothing but the new Che Guevara T-shirt

Bitcoin promised to create a new normal in finance, but it turned out to be nothing but the old normal with a new face.
January 16, 2021

TNABC Miami’s Eighth Annual Conference Goes Virtual, Event Underscores Technology’s Important Role

On January 28-29, 2021, The North American Bitcoin Conference (TNABC) is preparing to kick off its eighth exhibition with another cryptocurrency and blockchain-focused event. The event organizers have lined up more speakers than ever, as this year’s TNABC is going to be 100% virtual due to the ongoing coronavirus pandemic. TNABC’s creators say that this year has truly shown us all “how resilient a global crypto economy can be.” The North American Bitcoin Conference is coming back full throttle this year, as organizers say the team has curated a line-up of some of the biggest names in the crypto and blockchain industry. This year’s TNABC will be the event’s eighth annual conference, but the Covid-19 pandemic has made it so 2021’s TNABC will be hosted online. The hardships have been difficult this year, but there’s still a great need to […]
January 16, 2021

China turns up pace on CBDC release, tests infrastructure prior to adoption

The yuan is not seen as a major currency. Could digitizing it change that? China is breaking new ground in the Shenzhen region and beyond.
January 16, 2021

French Programmer Sent Bitcoin Donations to Far-Right Activists Who Participated in the US Capitol Riots

A crypto forensic analysis reveals that a French donor sent over $500,000 worth of bitcoin (BTC) to far-right activists in the United States. The half-million dollars went to the groups that took part in the pro-Trump riots in the U.S. Capitol. Alt-Right Personalities and Websites Are Included on the List of Recipients According to Chainalysis, the unnamed donor sent 28.15 BTC (worth $522,000 at the transfer time) on Dec. 6, 2020, to 22 separate addresses in a single transaction. Per the report, many of those wallets belong to personalities tied to far-right activists in the U.S. Yahoo News detailed that Vdare (anti-immigration organization), the Daily Stormer (right-wing website), and Nick Fuentes were among the crypto donation recipients. Alt-right streamer Ethan Ralph is also on the list that Chainalysis published regarding the half a million dollar donation. The blockchain analytics firm […]
January 16, 2021

Venezuelan President Maduro Promises 2021 Will Be the Year to Boost Usage of Petro

The Venezuelan president, Nicolás Maduro, has claimed that 2021 will be the year of the state-backed petro (PTR) token. He also promised to boost a “100% national digital economy” agenda through a “complete digitalization process.” 77% of Trade Transactions in Venezuela Are Made via Digital Solutions in Bolivar During an annual speech at the National Assembly, Maduro talked about a “revival” for the petro, a cryptocurrency that some analysts have not seen any strong potentials in, at least in terms of adoption. However, the Venezuelan president believes his economy’s agenda should boost the national crypto market and its related remittance service, Patria. He explained: The revival of the use of petro, of all cryptocurrency systems, the use of blockchain technologies, the development of the Patria system, and the generation of new applications will set the tone for 2021. Over the […]
January 16, 2021

$100 Swaps: Ethereum Dex Volumes Saw $39 Billion Last Month Despite ‘Insane’ Trading Fees

During the last 12 months, Ethereum-based decentralized finance (defi) solutions and decentralized exchange (dex) platforms have been very popular. Dex applications, in particular, have seen massive demand and during the last 30 days, dex trade volumes have reached $39 billion in swaps. However, one of the biggest issues confronting dex users continues to be the enormous fees associated with interacting with platforms like Uniswap and other dex platforms. Ethereum’s Decentralized Exchange Platforms See Record 30 Day Trade Volumes Dex applications like Uniswap, 1inch, Sushiswap, 0x, Matcha, Kyber, and others have been very popular platforms during the last year. The defi market aggregator defipulse.com shows that there’s over $22 billion in value locked into defi platforms today. A considerable amount of this locked ether value is also represented by dex applications and the growing user base. On January 14, 2021, stats […]
January 16, 2021

Bitcoin bulls buy BTC’s $35K support retest as altcoins push higher

Bitcoin’s lower support retest was bought up by bulls, preparing BTC for another push to $40,000.
January 16, 2021

3iQ’s Canadian Bitcoin Fund Hits C$1B in Market Cap

The digital asset manager also reached C$1 billion in net asset value this week.
January 16, 2021

K-Pop Sensation Mamamoo to Mint Digital Collectibles on Polkadot

The popular K-Pop girl band’s parent company RBW is now selling its singers’ digital products on the blockchain.
January 15, 2021

Kraken to Halt XRP Trading for US Residents

Clients residing outside the U.S. will be unaffected.
January 15, 2021

Optimism ‘Soft Launches’ Ethereum Throughput Solution With DeFi’s Synthetix

A potential fix for Ethereum’s costly congestion problems.
January 15, 2021

GBTC has a new a competitor in the OTC Bitcoin trust market

Another way to buy Bitcoin in stock form has surfaced.
January 15, 2021

The Latest Example of Crypto Crime Involves Some Unlikely “Fishermen”

Crypto crime cannot, should not, and must not be tolerated. This is the newfound attitude that we’re seeing as of late as the digital currency industry becomes more mainstream and legitimate. Unfortunately, with the rise of bitcoin and so many other cryptocurrencies in recent months, it appears that many individuals out there are taking chances and engaging in crypto crime so they can garner assets that don’t naturally belong to them. Crypto Crime Continues Despite Many Efforts to Stop It The most recent case of crypto crime involves a set of darknet drug dealers. It is estimated that these individuals possessed as many as 392 bitcoin units, which are valued at around $16 million at the time of writing. A federal judge had put out a warrant that called for their immediate arrest, and at press time, it has been […]
January 15, 2021

Market Wrap: Bitcoin Dips to $34.4K as Big-Name DeFi Tokens Trounce ETH

Bitcoin may be down now but there is still growing demand for crypto assets, one analyst said.
January 15, 2021

Law Decoded: The guard changes, and with it, the tweets, Jan. 8–15

Accompanying the presidential transition are some major questions about the role of social media in society and politics.