Mike Novogratz’s Galaxy Digital to Launch Bitcoin Fund in Canada

Galaxy Digital, the crypto investment management firm founded by bitcoin bull Mike Novogratz, has revealed plans to launch a bitcoin fund in Canada. In a statement published Nov. 16, Galaxy Digital said it has partnered with major Canadian fund manager CI Global Asset Management for the launch. The fund is called the “CI Galaxy Bitcoin […]

Grayscale’s Crypto Assets Under Management Break $10B

In another sign of renewed exuberance in cryptocurrency markets, Grayscale Investments has broken above $10 billion in digital assets under management for the first time. Disclosed Tuesday evening, the New York-based firm now oversees $10.4 billion in assets including bitcoin, bitcoin cash, ether, horizen, ether classic, litecoin, stellar, XRP and zcash. That’s up from $7.6 […]

Bridgewater’s Dalio: ‘I’d Love to Be Corrected’ on Bitcoin. Twitter Obliges

Bridgewater Associates founder Ray Dalio asked for and received a heaping dose of the “radical candor†he is well known for when he said he’d “love to be corrected†on the negative views about bitcoin he expressed last week. In a Twitter thread, the chairman of the world’s largest hedge fund said, “I might be […]

Bitcoin Evangelist Andreas Antonopoulos Plans to Testify in Billion-Dollar Bitcoin Lawsuit

On Monday evening November 16, the popular bitcoin evangelist Andreas Antonopoulos tweeted about his upcoming role in the high-profile billion-dollar bitcoin lawsuit, Kleiman v. Wright. Antonopoulos said that he will be “testifying at trial†during the month of April 2021, even though Craig Wright’s defense team tried to exclude him. It seems the ongoing high-profile […]

Market Wrap: Bitcoin Breaks $17.8K, Outperforming Ether in November So Far

Spot volumes and futures open interest pushed bitcoin’s price up Tuesday, beating ether’s performance so far this month. Bitcoin (BTC) trading around $17,688 as of 21:00 UTC (4 p.m. ET). Gaining 5.3% over the previous 24 hours. Bitcoin’s 24-hour range: $16,560-$17,862 BTC above its 10-day and 50-day moving averages, a bullish signal for market technicians. […]

CME Sees Record High Open Interest for Bitcoin Futures on Wave of Institutional Inflows

Open interest for bitcoin futures traded on CME Group’s exchange has reached record highs of $976 million amid a surge of institutional capital inflows to the leading cryptocurrency and its derivative markets. Open interest, or the total number of outstanding derivative contracts, on CME Group’s bitcoin futures market reached its highest level since mid August […]

Game of Thrones Star Maisie Williams Wants to Know if She Should Buy Bitcoin

Game of Thrones and The New Mutants actress Maisie Williams has started a poll on Twitter seeking opinions on whether she should invest in bitcoin. Among those who replied was Spacex and Tesla CEO Elon Musk who wrote: “Toss a bitcoin to your Witcher.†Should Maisie Williams Go Long on Bitcoin? As the price of […]

Traders Brace for Major Volatility as Bitcoin Price Nears Record Highs

Bitcoin traders expect a significant increase in volatility as the leading cryptocurrency continues to recoup nearly all its losses since topping out just below $20,000 in late 2017. Whether the volatility comes from increased buying or selling is a matter of disagreement. Through bitcoin’s current rally, volatility has remained low. Since late August, 30-day volatility […]

Poloniex Lists SENSO As Sensorium Galaxy’s Partnership Spree With World-Class Artists Accelerates

With COVID-19 cases on the rise and the world’s top economies re-considering strict lockdown measures, cryptocurrency exchange Poloniex has taken an interest in SENSO — a token focused on bringing high-quality entertainment into the rapidly expanding VR space. Poloniex Lists SENSO The exchange has added support for Ethereum-based SENSO tokens on November 17, 2020, giving […]

First Mover: Bitcoin Tops $17K as Scaramucci Makes Entrée, Ethereum Meets Rival

Bitcoin climbed above topped $17,000 early Tuesday for the first time since January 2018, pushing this year’s remarkable rally to 137% on a year-to-date basis. That’s 10 times more than the Standard & Poor’s 500 Index of large U.S. stocks. “Bears are in disbelief,†the digital-asset market analysis firm Arcane Research wrote early Tuesday in […]

Bitcoin Touches $17K Price Zone, BTC Dominance Levels High, Altcoins Still Way Behind

On November 17, the price of bitcoin touched another 2020 all-time high (ATH) when the crypto asset surpassed the $17k price zone on Tuesday. Bitcoin dominance has risen higher during the last few months and currently hovers at 65% this week. Despite the massive rise in bitcoin value during the last few months, altcoins are […]

Gold Lags Far Behind Bitcoin as Vaccine Optimism Buoys Markets

Bitcoin is outshining gold by a significant margin in price terms as expectations soar of a swift global economic recovery enabled by promising coronavirus vaccines. While the top cryptocurrency by market value has risen 22% to cross $17,000 this month, the precious metal is up just 0.5% at the current price of $1,890 per ounce. […]

Bitcoin Ascends in New Crypto Ranking by State-Backed Chinese Institute

China’s Center for Information and Industry Development (CCID), under the country’s Ministry of Industry and Information Technology, has released its 20th ranking of crypto projects. A total of 37 crypto projects are ranked this time around overall as well as in three separate categories: basic technology, applicability, and creativity. The top four positions remain unchanged […]

Bitcoin Slices Through $17,000 as Market Cap Nears All-Time High

Bitcoin (BTC) traded above $17,000 Tuesday at 12:00 UTC for the first time since Jan. 7, 2018, according to the CoinDesk 20 price index. The rise pushes the leading cryptocurrency’s total market capitalization to over $315 billion, just short of its $335 billion record. Since its yearly lows below $4,000 in March, when prices crashed […]

Bitcoin.com Announces Partnership With Luxury Watchmaker Franck Muller

PRESS RELEASE. Saint Kitts, November 17, 2020— Bitcoin.com, the go-to web portal for everything bitcoin, announced the launch of a new Franck Muller luxury watch called “Free the Money, Free the World.†The watch is the first ever Bitcoin Cash (BCH) Franck Muller “Encrypto†brand timepiece. The new watch is a limited edition BCH wristwatch […]

Defi Protocol That Bragged About Having Flash Loan Attack Prevention Hacked for $6 Million

A decentralized finance (defi) protocol that bragged about having flash loan attack prevention has been exploited for $6 million in DAI, in a flash loan attack. Value Defi, a yield aggregating protocol, boasted of having the “highest security†in a Nov. 13 tweet that now appears to have been deleted. The protocol claimed that its […]

Litecoin Flips Bitcoin Cash in Crypto Rankings With Rally to 9-Month Highs

Litecoin jumped to nine-month highs early on Tuesday, replacing bitcoin cash as the seventh-largest cryptocurrency by market value. The cryptocurrency rose to $75.77 during the Asian trading hours, a level last seen on Feb.24, according to the CoinDesk 20. Trading down slightly at $74 at press time, litecoin is still up 9% on a 24-hour […]

300 Banks in Germany Charge Negative Interest Rates Including Deutsche Bank, Commerzbank, ING

A new report reveals that more than 300 banks in Germany are now charging some customers negative interest rates. Some are big global banks, including Deutsche Bank, Commerzbank, and ING. 300 Banks Pass on the Burden of Negative Interest Rates to Customers Banks in Germany have been increasingly passing on the burden of negative interest […]

As DeFi Grows, Investors Look to Polkadot to Be the Next Ethereum

Look no further than the rapid growth this year in the white-hot arena of decentralized finance, or DeFi, and it’s clear why the Ethereum blockchain is dominating so many conversations right now in the digital-asset industry. The second-largest blockchain’s native cryptocurrency, ether (ETH), is up 266% this year – twice as much as mooning bitcoin […]

Scaramucci’s Billion-Dollar Mega Hedge Fund Skybridge ‘May Hold Positions’ in Bitcoin

In a filing registered with the U.S. Securities and Exchange Commission (SEC), the giant global investment firm Skybridge Capital explained that the fund Skybridge G II may invest in digital currencies like bitcoin. On November 13, the New York-based company with $7.7 billion assets under management (AUM) told the U.S. regulator that Skybridge investment funds […]

US Banks Face a Massive Commercial Real Estate Crisis Looming on the Horizon

Financial incumbents may face a harsh reality soon, as a commercial real estate crisis has threatened the profits from America’s largest banks. A number of reports show that banks with a large amount of commercial real estate in their portfolios may see a significant fallout in the next few months. Just recently PWC’s real estate […]

Coinbase Goes Down as Bitcoin Nears $17K

The website and mobile app of U.S. cryptocurrency exchange Coinbase are down as bitcoin is nearing $17,000, within striking distance of its all-time high of $19,665 set in 2017. According to a company update, a fix has been implemented and the company is “investigating this issue.” Coinbase has suffered a number of outages during busy […]

Market Wrap: Bitcoin Ascends to $16.8K; Uniswap and Tether 35% of Ethereum Transactions

Bitcoin is knocking at the gates of $17,000 while Ethereum’s transaction growth in 2020 is a positive indicator of future financial use cases. Bitcoin (BTC) trading around $16,829 as of 21:00 UTC (4 p.m. ET). Gaining 6.1% over the previous 24 hours. Bitcoin’s 24-hour range: $15,792-$16,851 BTC above its 10-day and 50-day moving averages, a […]

Nigerian Authorities Put Mastermind of the Inksnation Crypto Scam on Wanted List

Nigeria’s Economic and Financial Crimes Commission (EFCC) is seeking the public’s help in locating Omotade Sparks Amos Sewanu, the mastermind behind the Inksnation crypto scam. According to a notice published in the local media on November 11, the EFCC wants Sewanu to respond to fraud charges relating to Inksnation’s purported crypto token- Pinkoin. The Inksnation […]

Why Bitcoin Thrives (and Why It Won’t Replace the Dollar)

Bitcoin is the leader of the pack in the crypto space. It has recovered from the disastrous crash of 2018 and is heading back towards the price it reached in December 2017. So what does the future hold for bitcoin? Could it eventually replace the dollar as the global reserve currency, as its loyal supporters […]

Belarus Bank to Offer Bitcoin Purchases, With Litecoin and Ether Coming Soon

Belarusbank, one of the largest credit institutions in Belarus, has partnered with OTC broker White Bird to offer a bitcoin buying service, according to an announcement Monday. For now, purchases will be available via bank cards issued in Belarus and Russia (the two countries’ financial systems are well connected). But going forward, the bank is […]

China’s Crypto Miners Struggle to Pay Power Bills as Regulators Clamp Down on OTC Desks

As Chinese authorities make it harder than ever to exchange cryptocurrency into fiat, miners may be forced to move to other jurisdictions, local sources say. On Monday, crypto industry blogger Colin Wu tweeted that miners in China have been struggling to pay for electricity after the authorities started cracking down on over-the-counter (OTC) brokers in […]

Fidelity’s Crypto Arm Responds to 6 Common Bitcoin Criticisms

Fidelity Digital Assets, a subsidiary of Fidelity Investments, has responded to some of bitcoin’s most frequent criticisms, suggesting clarity is needed amid heightened interest in the cryptocurrency. In a blog post on Thursday, Director of Research Ria Bhutoria said she was addressing persistent “criticisms and misconceptions†about the cryptocurrency. These include whether bitcoin is too […]

Microsoft Marketing Exec Joins Blockchain Gaming Platform Enjin to Lead Enterprise Push

Blockchain gaming platform Enjin is launching a bid to attract more enterprise business, and it has hired an executive with two decades of experience at Microsoft to lead the effort. Announced Monday, Alex Solomon, whose last role at Microsoft was Azure product marketing director, Western Europe, has joined Enjin as its executive director of enterprise […]

MakerDAO Loans Can Be Gamed to Hold Out Funds From Liquidation, Startup Finds

Borrowers can close debt positions on lending platform MakerDAO under the 150% collateral minimum with this one simple trick. A loophole in MakerDAO’s collateralized debt positions (CDPs) market, discovered by Israel-based startup B.Protocol, enables CDPs to be closed far more leniently than the system intends due to a small oversight in the auction market, according […]

New MIT Paper Roundly Rejects Blockchain Voting as Solution to Election Woes

As media outlets waited to announce a winner until the Saturday following the U.S. presidential election, calls for how blockchains would have made this process easier emerged, most prominently perhaps by  Changpeng Zhao, CEO of Binance, as well as Vitalik Buterin, who added that, though there are technical challenges, the call for a blockchain-based, mobile […]

SEC Chairman Jay Clayton Stepping Down at End of Year

U.S. Securities and Exchange Commission (SEC) Chairman Jay Clayton will leave his role at the end of this year. Announced in a press release Monday, Clayton led the U.S. regulator for 3.5 years and through what the SEC called a “period of historic productivity and unprecedented challenges. “Thanks to the hard work of the diverse […]

The SEC Is Still Working Out What ‘Qualified Custodian’ Means for Crypto

The U.S. Securities and Exchange Commission (SEC) is once again asking about qualified custodians and how crypto custody fits into this regulatory framework. Last month, the Wyoming Division of Banking granted a no-action letter to Two Ocean, a wealth management firm hoping to offer custodial services for digital assets (which include virtual currencies) and call […]

Binance Discontinues UK Pound Stablecoin Calling It Just an ‘Experiment’

Cryptocurrency exchange Binance is discontinuing its own BGBP cryptocurrency, a stablecoin linked to the value of pounds sterling. In a notice on Monday, the company said it is removing a number of trading pairs, including BGBP/USDC (USD Coin) on Tuesday at 12:00 UTC. This was the final pair listed for the stablecoin and its removal […]

Big Tech Execs and Bitcoin: Skype Cofounder Keeps Personal Wealth in Crypto, Intercom Chairman ‘Firmly Jumps on the Bitcoin Wagon’

This week two well known tech executives revealed they have been dabbling in bitcoin and other cryptocurrencies. In a recent interview, Skype cofounder Jaan Tallinn detailed that he held bitcoin and ethereum in his personal finances, while the Intercom cofounder Eoghan McCabe tweeted on Sunday that he’s “jumped firmly onto the bitcoin wagon.†In 2020 […]

First Mover: Vaccine Won’t Come Fast Enough to Avoid More Stimulus

Bitcoin was higher, climbing back above $16,000 on Monday after dipping below the mark over the weekend. “Should we trade back above $16,490, then we expect to see the bulls take the market by the horns and drive prices to a $17,000 handle,†Matt Blom, head of sales and trading at the cryptocurrency financial firm […]

Record Levels of Negative-Yielding Debt Strengthen Case for Bitcoin: Analysts

Bitcoin’s long-term bullish case may have got another boost as the global stockpile of negative-yielding bonds hits a new high. The value of the Global Negative-Yielding Debt Index from Bloomberg and Barclays is now at a record level of $17.05 trillion, surpassing the previous lifetime high of $17.04 trillion reached in 2019. The figure has […]

Citibank Executive Says Bitcoin Will Trade at $318,000 by End of 2021

Citibank Group’s Global head of Citifxtechnicals product, Tom Fitzpatrick expects to see the price of bitcoin peaking at $318,000 by end of 2021. Although he concedes that his prediction might seem improbable, Fitzpatrick argues that such a surge will still be the weakest rally for the digital asset when compared to other assets such as […]

DealDefi Network Presale is Now Open to the Public

PRESS RELEASE. The DealDefi network is a scalable heterogeneous blockchain for lending/borrowing & marketplace decentralized finance. The DealDefi Network prides itself in four major unique features; – Minimum or no gas fee on transactions, decentralization, privacy and fast/instant transactions. The DealDefi Network team is known and has a lot of experience in blockchain and cryptocurrency […]

Bitcoin.com Reveals Limited Edition Bitcoin Cash Wristwatch Crafted by Luxury Watchmaker Franck Muller

The leading cryptocurrency web portal Bitcoin.com has partnered with the Swiss luxury watch manufacturer, Franck Muller, in order to create elegant crypto themed timepieces. The titanium, limited edition functional bitcoin cash watch is called “Free the Money, Free the World†and will be sold for crypto on Bitcoin.com. In the summer of 2019, the luxury […]

Hackers Drain $2 Million in DAI From Defi Protocol Akropolis

Decentralized finance (defi) protocol Akropolis was on Thursday hacked for $2 million in DAI, in the latest flash loan attack to hit the nascent defi industry. The attacker pilfered the platform’s Ycurve pool in batches of $50,000 in the stablecoin DAI. This particular pool allows investors to trade stablecoins and earn interest. In a statement […]

Citibank Executive Says Bitcoin Could Pass $300K by December 2021

A senior executive at U.S.-based financial giant Citibank has penned a report drawing on similarities between the 1970s gold market and bitcoin. The whole of bitcoin‘s existence has been characterized by major price swings, “exactly the kind of thing that sustains a long-term trend,†said Thomas Fitzpatrick, a managing director at Citibank, in his report […]

BCH Collectibles: RPG Blockchain Game Built on Bitcoin Cash Completes Flipstarter Campaign

In the near future, a non-fungible token collectible game is coming to the Bitcoin Cash ecosystem. The project dubbed “Enter the Sphere†aims to bring its NFT collectible universe to Bitcoin Cash by leveraging the Simple Ledger Protocol (SLP). Last week the team behind the project successfully raised 101 BCH ($24k) in order to kickstart […]

New Push for Second Stimulus Checks: Analysts Predict When Another Relief Package Will Pass

Many Americans are in need of second stimulus checks and a new coronavirus relief package. As Congress resumes stimulus negotiations, President Trump has called for a “big and focused†stimulus bill now. Meanwhile, several analysts have predicted when lawmakers will pass the next stimulus package. Stimulus Package Status Stimulus negotiations have resumed after the presidential […]

300 Banks in Germany Charge Negative Interest Rates Including Deutsche Bank, Commerzbank, ING

A new report reveals that more than 300 banks in Germany are now charging some customers negative interest rates. Some are big global banks, including Deutsche Bank, Commerzbank, and ING. 300 Banks Pass on the Burden of Negative Interest Rates to Customers Banks in Germany have been increasingly passing on the burden of negative interest […]

Crypto Long & Short: What We’re Getting Wrong About Druckenmiller and Bitcoin

The chorus is getting louder. Adding his sonorous voice to the chorus of renowned investors talking about bitcoin recently, hedge fund manager Stanley Druckenmiller stated on a CNBC interview this week that he believed bitcoin could perform better than gold. Here’s part of the quote: “I own many, many more times gold than I own […]

Calling Tops and Bottoms: 2020’s Most Popular Bitcoin Traders and Analysts

Bitcoin and cryptocurrency trading is quite popular these days. With the price upswings and volatility in 2020, crypto traders have made and lost a lot of money. In the last few years, a number of digital currency enthusiasts have been attracted to professional traders and analysts routinely publishing technical analysis (TA) online. Crypto asset trading […]

Bitcoin Cash Has Split Into Two New Blockchains, Again

The Bitcoin Cash network, a result of a hard fork from Bitcoin, has split into two new blockchains, again. At press time, Bitcoin Cash ABC (BCH ABC) has received no hashpower, meaning that it is possible Bitcoin Cash Node (BCHN) will become the dominant software of the Bitcoin Cash network, according to data from Coin.Dance. […]

Hash Watch: The Highly Anticipated Bitcoin Cash Fork Is Now Complete

The Bitcoin Cash community has been patiently waiting for weeks for the November 15, 2020 upgrade and the day is finally here. Every six months the Bitcoin Cash network upgrades, but this time around, a conflict sparked over Bitcoin ABC’s Infrastructure Funding Plan (IFP). During the course of the day, the following editorial will be […]

ETH 2.0 Scheduled for December, Vitalik Deposits $1.4M Worth of Ether Into Phase 0 Contract

This December the cryptocurrency community may see the first introductory phase of the highly anticipated Ethereum 2.0 consensus change. On Wednesday, the Ethereum Foundation published ETH 2.0 specifications explaining how the genesis phase will be invoked. Moreover, on November 5, Ethereum’s cofounder Vitalik Buterin sent 3,200 ETH to the genesis phase deposit contract in order […]

Former Microsoft Engineer to Serve 9 Years in Prison in a Case That Involves Use of Bitcoin Mixers

A U.S. court in Seattle has sentenced a former Microsoft engineer to 9 years in prison after finding him guilty of 18 federal felonies relating to his elaborate scheme to defraud the tech giant $10 million. In passing the judgment, the court blasts Volodymyr Kvashuk, a software engineer and citizen of Ukraine, for attempting to […]

Pakistan’s SEC Discusses Cryptocurrency Regulation, Central Bank Confirms No Crypto Ban

The Securities and Exchange Commission of Pakistan has published a paper discussing cryptocurrency regulation in the country. Meanwhile, the central bank has reportedly confirmed that there is no cryptocurrency ban. Pakistan’s Crypto Regulation in the Works The Securities and Exchange Commission of Pakistan (SECP) has published a position paper on the regulation of cryptocurrency trading […]

Ripple Forced To Rebrand PayID Trademark After Copyright Infringement Lawsuit

Ripple Labs Inc., issuers of the XRP cryptocurrency, has filed for a new trademark called “Paystring†with the US Patent and Trademark Office (USPTO). The trademark was filed on Nov. 6 and accepted on Friday, according to the USPTO website. Although Ripple did not specify which sort of business will fall under the new product, […]

BTC Options Open Interest Surges, Traders Look to an Unfilled Bitcoin Futures Gap at $18K

Bitcoin prices have been volatile during the last few weeks, but have managed to climb higher in value at the same time. This week bitcoin derivatives markets, specifically futures and options, show that crypto asset traders should expect more swings going forward. Some traders believe that the digital currency’s price could fill two unfilled gaps […]

Akoin Cryptocurrency Launches in Kenya as Pilot for $6 Billion Akon City

The akoin cryptocurrency, created by famous singer and philanthropist Akon, has started trading on a global crypto exchange. It is also being launched as a means of payment in a tech city in Kenya as a pilot for Akon City, the $6 billion futuristic city that is being built in Senegal. Akoin Crypto Starts Trading […]

Value DeFi Suffers $6M Flash Loan Attack

Decentralized Finance (DeFi) protocol Value DeFi was exploited for approximately $6 million earlier Saturday, possibly due to a flash loan attack, a scheme often seen in the fast-growing DeFi sector. “A complex attack” on Value DeFi’s MultiStables vault has caused a net loss of $6 million, according to a tweet by Value DeFi on Saturday. […]

Bitcoin.com Reveals Limited Edition Bitcoin Cash Wristwatch Crafted by Luxury Watchmaker Franck Muller

The leading cryptocurrency web portal Bitcoin.com has partnered with the Swiss luxury watch manufacturer, Franck Muller, in order to create elegant crypto themed timepieces. The titanium, limited edition functional bitcoin cash watch is called “Free the Money, Free the World†and will be sold for crypto on Bitcoin.com. In the summer of 2019, the luxury […]

Galaxy Digital Acquires 2 Crypto Firms, Sees Big Wave of Institutional Demand for Bitcoin

Bitcoin Bull Michael Novogratz’s company, Galaxy Digital, has acquired two cryptocurrency firms in preparation to meet a “bigger wave of institutional demand†for bitcoin. Big Wave of Institutional Demand for Bitcoin Incoming Galaxy Digital Holdings announced Friday that it has acquired two cryptocurrency trading firms: Drawbridge Lending and Blue Fire Capital. New York City-headquartered crypto […]

Roger Ver: Bitcoin Cash Hard Forks Could Have Thwarted PayPal Support

There are still a lot of uncertainties around the scheduled Bitcoin Cash fork event on Nov. 15, but one thing is for sure: The cryptocurrency’s biggest advocate, Roger Ver, executive chairman of Bitcoin.com, is not a fan of the scheduled upgrades on the network, which take place every six months. “If PayPal knew that this […]

Galaxy Digital Makes Twin Acquisitions in Bid to Strengthen Institutional Appeal

Cryptocurrency merchant bank Galaxy Digital has acquired two firms as it seeks to become the “go to†platform for institutional access to digital assets, the firm said Friday. Announced in a press release, the two new portfolio firms are DrawBridge Lending, a “white glove” service for borrowing and investing in digital assets, and Blue Fire […]

Belarus’ Largest Bank Launches Cryptocurrency Exchange Service

The largest bank in Belarus, Belarusbank, has reportedly begun providing a cryptocurrency exchange service, allowing customers to buy bitcoin using Visa cards. Belarusbank’s new cryptocurrency exchange service is in collaboration with bitcoin exchange service provider Whitebird, several local news outlets reported Thursday. The bank revealed its plans to create a cryptocurrency exchange platform early last […]

DMEX: No-KYC Derivatives DEX With up To 100x Leverage

DMEX is a decentralized anonymous margin trading exchange that doesn’t require KYC checks, simply generate a wallet inside the app and start trading. No KYC Because DMEX runs on a smart contract you do not need to register with your personal information. Simply generate a new wallet in-app and start trading right away. Asynchronous Matching […]

A New Bitcoin Mining Pool Claims It Has Tools to Censor Blockchain Transactions

A blockchain and technology company claims its new bitcoin mining pool is embedded with tools that enable the pool to censure transactions in the blocks they mine. According to a statement issued by the DMG, the parent company to Blockseer mining pool, this ability allows the latter to “exceed†the compliance requirements of the U.S. […]

Chainalysis Launches Program to Store and Sell Seized Crypto Assets for Governments

The blockchain intelligence and surveillance company Chainalysis revealed the launch of a new program that aims to help governments and insolvency practitioners sell seized cryptocurrencies. The news follows the recent U.S. government seizure of more than 69,000 BTC worth over $1 billion on November 3. Blockchain surveillance firm Chainalysis announced the launch of a new […]

Paypal Opens Crypto Services to Millions of Eligible Account Holders in the US

Payment processing giant Paypal announced on Thursday that “all eligible Paypal account holders in the U.S. can now buy, hold, and sell cryptocurrency directly with Paypal.†The news follows the company’s announcement to support crypto assets at the end of October. Paypal’s New Relationship With Crypto Assets On October 21, 2020, the payment firm Paypal […]

Russia Proposes New Rules and Penalties for Cryptocurrency Owners

The Russian Ministry of Finance has developed new amendments to the country’s cryptocurrency regulation. The proposal outlines a new set of rules for crypto owners, exchanges, and miners, as well as penalties for undeclared crypto transactions. Russia’s New Crypto Regulation Russia’s Ministry of Finance has proposed new amendments to the country’s law on digital financial […]

Bitcoin Rally Falters as Price Drops Below £16K

Bitcoin’s price quickly dropped below $16,000 Saturday morning, putting the rapid rally seen in recent weeks on pause. Around 10:00 UTC, the cryptocurrency dropped as low as $15,750, having hit highs over $16,300 in the Asian trading hours. As reported earlier this week, analysts had been expecting bitcoin to move into consolidation for a time, […]

Hedge Fund Manager Brian Kelly Says Increasing Institutional Interest in Bitcoin Down to its Fixed Supply

Hedge fund manager Brian Kelly says the surging number of institutional investors owning bitcoin is down to the digital currency’s core value proposition- a fixed coin supply. On the other hand, the same institutional investor interest is helping to build confidence in the top cryptocurrency while taking away some of the perceived risks. Bitcoin Value […]

S9 Resurrection: Higher Bitcoin Prices Allow Miners to Switch Outdated Mining Rigs Back On

With bitcoin prices hovering over a certain handle, a great number of old ASIC mining rigs manufactured years ago are starting to become profitable again. Reports indicate that in China, where the average electricity cost is around $0.06 per kilowatt-hour (kWh), miners are starting to leverage old miners manufactured by Canaan, Bitmain, and others. Chinese […]

Market Wrap: Bitcoin Fails to Reach $16.5K; Wrapped BTC Hits $2 Billion

Analysts are bullish on bitcoin’s price but the options market is decidedly bearish on the remaining weeks of 2020. Ethereum’s wrapped bitcoin token crosses $2 billion locked. Bitcoin (BTC) trading around $16,240 as of 21:00 UTC (4 p.m. ET). Gaining 0.30% over the previous 24 hours. Bitcoin’s 24-hour range: $15,971-$16,487 BTC above its 10-day and […]

IMCoin (IMC) Flies High

PRESS RELEASE. IMCoin, known as the first Hybridcoin, closes a week with a record price increase in its history reaching a value of 1.83 USD per token. The IMC price is the result of the number of tokens sold divided by the balance of the audited reserve fund, which already has 417 days of history. […]

Printing $1.7 Trillion for Climate Change: How Joe Biden’s Administration Aims to Push the ‘Green New Deal’

In 2020, the U.S. Federal Reserve has injected an enormous amount of U.S. dollars to special interests in the banking sector in order to combat the economic effects stemming from the coronavirus outbreak. This week the central bank published its financial stability report and the Fed discussed addressing climate change for the first time. A […]

Bitpay Launches New Payroll Service for Companies That Opt to Pay Employees in Crypto

The Atlanta-based cryptocurrency payment processing company Bitpay is now getting involved with payroll services. The firm announced the launch of Bitpay Send, a mass payout service that enables organizations of all sizes to pay employees, affiliates, and freelance contractors. Bitcoin and cryptocurrency payment services provider Bitpay has announced the launch of a new product called […]

Mike Novogratz’s Galaxy Digital Q3 Net $44.3M

Galaxy Digital, the crypto merchant bank headed by noted crypto evangelist Mike Novogratz, reported net income of $44.3 million in the third quarter of 2020, up from a loss of $68.2 million in the year-ago period. Galaxy Digital’s total assets eclipsed $536 million, nearly $225 million of which was in cryptocurrencies. Volume at subsidiary Galaxy […]

Hackers Drain $2 Million in DAI From Defi Protocol Akropolis

Decentralized finance (defi) protocol Akropolis was on Thursday hacked for $2 million in DAI, in the latest flash loan attack to hit the nascent defi industry. The attacker pilfered the platform’s Ycurve pool in batches of $50,000 in the stablecoin DAI. This particular pool allows investors to trade stablecoins and earn interest. In a statement […]

First Mover: Why the Fed Cares About Remote Working – And What It Means for Bitcoin

Bitcoin was lower after surging nearly $600 on Thursday to climb above $16,000 for the first time in almost three years. “Investors should plan for volatility as well as price appreciation,†the blockchain analysis firm Chainalysis wrote in a newsletter. In traditional markets, European shares fluctuated and U.S. stock futures pointed toward a higher open […]

Blockchain Bites: $16K BTC, $1B DAI, $13.6B TVL in DeFi

MakerDAO’s DAI stablecoin is the latest crypto unicorn with a $1 billion market cap. DeFi’s total value locked hit a lifetime high. Hedge fund billionaire Ray Dalio said yesterday he isn’t keen on bitcoin; a few hours later, the cryptocurrency hit a three-year high. Top shelf Cannot daiDai (DAI), MakerDAO’s dollar-pegged algorithmic stablecoin, reached a […]

Trump’s Post-Election Purge Reaches US Cybersecurity Agency

Key cybersecurity officials are exiting (or expecting to be fired from) the U.S. government’s cyber threat protection agency as President Donald Trump’s post-election purge continues. Reuters reported Thursday the Homeland Security Department’s Cybersecurity and Infrastructure Security Agency (CISA) director, Christopher Krebs, expects to be fired by the president. His deputy, Assistant Director for Cybersecurity Bryan […]

Crypto Recovery Lawyer David Silver Joins Coinfirm’s US Board

David Silver, a securities fraud and investment loss attorney known for pursuing lawsuits against cryptocurrency exchanges in the United States, has joined Coinfirm, the blockchain analytics and anti-money laundering platform company. The London-based Coinfirm announced Silver’s appointment to its board of directors in the U.S. on Thursday, saying the co-founder of the Silver Miller law […]

DeFi Dashboard Zapper Snags New Funding From Delphi and Coinbase Ventures

Zapper announced Thursday an extension of its seed investment round with new backing from Delphi Digital and Coinbase. The additional amount on the $1.5 million round was not disclosed. Zapper runs an asset management portal for decentralized finance (DeFi) on Ethereum. Users can log in with their wallets and see all their assets in one […]