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 […]

DeFi Project Akropolis Drained of $2M in DAI

Decentralized finance (DeFi) platform Akropolis has suffered a $2 million loss following a re-entrancy attack utilizing a flash loan from derivatives platform dYdX, according to Akropolis founder and CEO Ana Andrianova. The attacker pulled out tranches of $50,000 in DAI from the project’s yCurve and sUSD pools, according to The Block researcher Steven Zheng and […]

ECB’s Lagarde Has ‘Hunch’ Digital Euro Will Launch in 2-4 Years

European Central Bank President Christine Lagarde said she believes the region’s monetary authority will move to launch a digital version of the euro in the next two to four years. “We might well go in that direction,†Lagarde said Thursday on a virtual panel with Federal Reserve Chair Jerome Powell and Bank of England Governor […]

How Ant’s Suspended IPO Is Related to China’s Digital Yuan

Ant Group’s suspended initial public offering (IPO) has shed further light on a possible motivation behind China’s digital yuan. The Chinese government appears to view the payments giant as a destabilizing force to China’s economy, and the digital yuan is a way to keep companies like this in check. Industry watchers say the People’s Bank […]

PayPal Removes Waitlist for New Crypto Service, Boosts Weekly Purchase Limit to $20K

All eligible PayPal account holders in the U.S. can now buy, hold and sell cryptocurrency, the company announced Thursday. The firm also increased the amount of crypto that users can purchase in a week. PayPal confirmed its crypto plans in a Oct. 21 announcement that sent shockwaves across the industry. During the firm’s most recent […]

Defi Yield Protocol Is a Massive Boost for Yield Farmers and the Defi Space

Since February 2020, we have seen a steady growth of the blockchain space and, most significantly, decentralized finance. While DeFi isn’t entirely new, the network’s growth has been more aggressive this year than it has ever been. The distribution of COMP governance token and the introduction of yield farming protocols around June this year has […]

Venezuelan State Electricity Company Reportedly Cuts Power To Crypto Miners

Reports say the Venezuelan state electricity company Corpoelec is disconnecting bitcoin mining farms in Carabobo state on orders from authorities. The power disconnections come amid reports that government and Corpoelec officials are planning to meet mining farm operators. According to one report that quotes an anonymous source, the objective of this meeting is to discuss […]

$300M in Bitcoin Flow to Binance From Huobi as China Gets Tougher on Exchanges

As the Chinese government cracks down on several crypto exchanges catering to traders based in China, many of those customers – and their bitcoin – have been making their way to Binance over the past few days. Bitcoin flows to Binance from Huobi reached an all-time high since the Huobi chief operating officer, Robin Zhu, […]

GMT Token Pre-sale is Live Now

PRESS RELEASE. GMT has started the pre-sale of the GMT token. In total 100,000 GMT will be sold in this phase at the price of 1GMT=0,004ETH and will increase to 1GMT=0,01ETH in the next round. Minimum purchase is 0,5ETH. Grandmarche is a DeFi platform that offers saving and borrowing, plus it will be the anchor […]

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 […]

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 […]

Market Wrap: Bitcoin Hits $16.2K; Uniswap Crosses $3B Locked

Bitcoin was gaining amid positive institutional and retail adoption signs as the amount of crypto locked in Uniswap signals DeFi continues to be more just than a fad. Bitcoin (BTC) trading around $16,154 as of 21:00 UTC (4 p.m. ET). Gaining 2.9% over the previous 24 hours. Bitcoin’s 24-hour range: $15,454-$16,186 BTC above its 10-day […]

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 […]

Hut 8 Mining Revenue Drops 43% in Q3 Despite Hash Power Increase

Toronto-based Hut 8 reported C$5.3 million (US$4 million) in Q3 mining revenue Thursday, down 43% from the previous quarter, but the bitcoin mining firm reaffirmed its plans to expand its hash power as the price of the cryptocurrency continues to rise. Hut 8’s Q3 revenue represents an 80% decrease from the same period last year.  […]

Marathon Reports Record $835K Quarterly Mining Revenue, Increased Bitcoin Holdings

Las Vegas-based Marathon Patent Group Thursday reported a record $835,184 in total quarterly bitcoin mining revenue for the September period, a 160% increase from the same period last year. Marathon isn’t done growing. With the price of bitcoin having risen xx% since May, the firm reportedly has invested $72 million in the same time period […]

The ‘Undo Button’ Wallet Tool Gives Users the Ability to Reverse Ethereum Transactions

On Thursday, November 12, 2020, the blockchain firm Kirobo launched a tool that allows users to reverse ethereum transactions. Similarly to the replace-by-fee (RBF) protocol leveraged by bitcoin users, ethereum transactions can be reversed as well with Kirobo’s “Undo Button†supported by Metamask or any wallet that supports walletconnect. The two top blockchain assets, in […]

Bitcoin’s Options Market Shows Strongest Bullish Mood on Record

Bitcoin’s options market is in the midst of its strongest bullish sentiment on record as the cryptocurrency rallies to three-year highs. The six-month put-call skew, or the spread between prices claimed by put options and call options expiring in six months, fell to a life-time low of -21.6% early Thursday, according to data source Skew. […]

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. […]

Bitcoin Breaches $16K as (Committed) Holders Diss Dalio’s Diss

Bitcoin briefly climbed above $16,000 for the first time in three years before quickly falling back below the psychological threshold. Digital-asset market traders and analysts say the cryptocurrency is likely to make another run higher, with strong demand expected from traditional investors looking for a hedge against inflation, at a time when sellers appear unwilling […]

Market Update: Bitcoin Spikes Over $16K, RSI Levels Warm Up, Price Retracts for Another Attempt

Digital currency markets have seen some decent gains this week, as the overall market valuation of all 7,000+ crypto assets is hovering above the $446 billion mark. Traders also watched the price of bitcoin jump above the $16k zone on Thursday for the first time since 2018. Bitcoin and a number of other crypto-assets have […]

Shopping.io Enables Crypto-Payments on Popular E-Commerce Websites

PRESS RELEASE. The adoption of crypto is not possible without accelerating its usage as a currency, and not only as an asset. While e-commerce giants such as Amazon, eBay, and Walmart aren’t able to offer crypto-payment, Shopping.io launches a gateway to make purchases from the aforementioned sites with cryptocurrencies directly. Online one-step-shop experience with Bitcoin, […]

98% of Bitcoin’s ‘Unspent Outputs’ Are Worth More Than When Made

A bitcoin on-chain metric has increased to three-year highs, suggesting a potential supply shortage and low odds of significant price pullback. While there are conflicting interpretations about this latest signal, many market observers are taking it to be positive for the cryptocurrency. The percentage of bitcoin unspent transaction outputs (UTXOs) in profit recently topped 98%, […]

Venezuelan State Electricity Company Reportedly Cuts Power To Crypto Miners

Reports say the Venezuelan state electricity company Corpoelec is disconnecting bitcoin mining farms in Carabobo state on orders from authorities. The power disconnections come amid reports that government and Corpoelec officials are planning to meet mining farm operators. According to one report that quotes an anonymous source, the objective of this meeting is to discuss […]

Bitcoin Price Breaks Above $16K for First Time in 3 Years

Bitcoin’s (BTC) stalled rally picked up the pace on Friday, with prices reaching three-year highs above $16,000. The world’s top cryptocurrency by market capitalization clocked a high of $16,157 at 10:12 UTC, a price point last seen on Jan. 6, 2018. The move ended a week of consolidation in the range of $14,000 to $16,000. […]

Total Value Locked in DeFi Sector Hits Record $13.6B

The U.S. dollar value of the cryptocurrency liquidity locked up in all decentralized finance (DeFi) projects has hit another record. At around 08:00 UTC on Thursday, the total value locked (TVL), as provided by analytics website DeFi Pulse, reached a new lifetime high of $13.62 billion. TVL for all DeFi projects(DeFi Pulse) Harvest Finance, the decentralized platform that […]

Major Chinese Bank Selling Bonds Worth $3 Billion for Bitcoin

China Construction Bank, one of the “big four†banks in China, is selling $3 billion in bonds that can be paid for with bitcoin. The bonds will be listed on a regulated Malaysian digital asset exchange. Beijing-based China Construction Bank (CCB) is selling $3 billion in bonds for bitcoin and U.S. dollars through its unit […]

Report: Blockchain Price Oracle Manipulation Produces Millions in Losses, Shows No Signs of Slowing

On November 9, a writer from the website samczsun.com published a report that shows a number of issues with price oracle manipulation stemming from a few blockchain applications. The researcher notes that price oracle manipulation has resulted in “over $30 [million] in losses so far.†According to the researcher from samczsun.com there’s been a substantial […]

The Carbon Project Presale Opens to the Public

PRESS RELEASE. Carbon is a social crypto hub, slated to launch in January. It will bring your day-to-day crypto experience into one awesome place, while rewarding you at the same time. Fully encrypted data that’s as decentralised as you want it to be. Carbon includes features such as a Twitter-style social feed and profiles, an […]

Televend’s Complex System of Telegram Drug Bots Swell as German Police Seize 9 Telegram Drug Channels

During the last few months following the departure of the infamous Empire darknet market (DNM), a great number of DNM users have been flocking to alternative vendors. More recently, a new bot service on Telegram called Televend has been attracting tens of thousands of users and the service has grown colossal since it was first […]

Market Wrap: Bitcoin Fails to Break $15.9K; Over 50K ETH Staked on Eth 2.0 Contract

Bitcoin gained Wednesday while Ethereum 2.0 staking has been ramping up. Bitcoin (BTC) trading around $15,694 as of 21:00 UTC (4 p.m. ET). Gaining 2.6% over the previous 24 hours. Bitcoin’s 24-hour range: $15,293-$15,973 BTC above its 10-day and 50-day moving averages, a bullish signal for market technicians. Bitcoin trading on Bitstamp since Nov. 9.Source: […]

Kucoin Recovers 84% of Funds Stolen in $280 Million Hack

Kucoin chief executive officer Johnny Lyu revealed Wednesday that the exchange recovered 84%, or $235 million, of the $280 million stolen in one of crypto industry’s biggest hacks in September. In a tweet, Lyu said the affected funds have been recovered “via approaches like on-chain tracking, contract upgrade and judicial recovery. As asked by the […]

Hackers Have Stolen $100 Million From Defi Projects This Year

Hackers have stolen $100 million from decentralized finance (Defi) projects so far this year, according to a new report. Defi accounted for 50% of all hacks and thefts in the second half of the year. Defi Hacks on the Rise A new report by cryptocurrency forensics and blockchain threat intelligence firm Ciphertrace shows that $100 […]

WhiteBIT launches WhiteSwap DEX

PRESS RELEASE. TALLINN, Estonia, Nov. 10, 2020 – Leading cryptocurrency exchange WhiteBIT has launched WhiteSwap, a decentralized exchange (DEX) on Ethereum that gives control to the community. WhiteSwap aims to improve upon Uniswap V2 by giving 87% of governance tokens to the community, publishing a public vesting schedule for team and advisor tokens, and planning […]

Bitcoin Hashrate Rebounds as Asian Miners Bring Machines Back Online

Bitcoin’s hashrate bounced 30% Wednesday from quarterly lows on Nov. 2 as miners brought ASIC machines back online after relocating them out of China’s Sichuan province as the wet season ended in late October, as CoinDesk previously reported. Bitcoin’s mining difficulty registered a record-setting percentage decrease on Nov. 3 – the largest since the advent […]

Bridgewater’s Dalio Sees Governments Banning Bitcoin Should It Become ‘Material’

Ray Dalio, the founder and co-Chairman of Bridgewater Associates, the world’s largest hedge fund, said he sees three main problems with bitcoin and other cryptocurrencies that will limit their future, including that governments will “outlaw†them should they start to become “material.†In an interview with Yahoo Finance, Dalio said he expects more digitized versions […]

First Mover: Bitcoin Pause, Ethereum Snafu, 1,000% Returns Put Focus on Exchange Tokens

Bitcoin was higher, pushing toward the upper edge of its recent range between about $14,700 and $15,600. “The positive sentiment towards bitcoin has not gone away,†said Denis Vinokourov, head of research at crypto prime broker Bequant.  In traditional markets, Asian shares tumbled, led by Alibaba and Tencent, as Chinese government issues regulations designed to curb […]

Ethereum Suffers from Unintended ‘Chain Split,’ Few Third-Party Services ‘Got Stuck on Minority Chain’

According to a number of third party infrastructure providers, the Ethereum blockchain suffered an unintended hard fork or chain split on Wednesday. The service providers Infura, Binance, and Blockchair all reported issues with consensus at block height 11,234,873. The cryptocurrency community has been discussing an unintended chain split that took place on the Ethereum blockchain […]

Bitcoin Likely to Consolidate Before December Rise Toward $20K, Say Analysts

After the recent rapid rally, the bitcoin (BTC) market is likely to take a breather before continuing its rise toward the end of the year, analysts told CoinDesk. “The cryptocurrency may consolidate for a short period before moving higher into Christmas,†said Chris Thomas, head of digital assets at Swissquote Bank. Indeed, further notable gains […]

Pfizer’s Pandemic Vaccine News Fails to Dampen Interest in Bitcoin

The recent announcement by Pfizer of a potential Covid-19 vaccine sparked an immediate rally of global stocks worst hit by the pandemic response. The rally helped major indices including the New York Stock Exchange (NYSE) Composite Index and Europe’s Stoxx to go up by approximately 4%. Bitcoin’s Decoupling On the other hand, stocks that benefited […]

Exchange Tokens Are Skyrocketing as They Act More Like Equity; That Could be a Problem

Centralized exchange tokens have been skyrocketing this year, but none more so than Hxro, which has gained over 1,000% year-to-date. One of the reasons they have been doing so well might be because exchange tokens have been taking on the behavior of equity in the companies behind the exchanges, arguably the top revenue-getters in the […]

World’s Second Biggest Bank to Issue $3B in Bonds Tradable for Bitcoin

China Construction Bank (CCB) has tapped Hong Kong-based digital asset exchange Fusang for the issuance of $3 billion-worth of debt securities over a blockchain. According to a Wednesday report by the South China Morning Post, tokenized bond certificates will be issued through the state-owned bank’s Labuan, Malaysia, branch over a period of three months. Notably, […]

Major Chinese Bank Selling Bonds Worth $3 Billion for Bitcoin

China Construction Bank, one of the “big four†banks in China, is selling $3 billion in bonds that can be paid for with bitcoin. The bonds will be listed on a regulated Malaysian digital asset exchange. Beijing-based China Construction Bank (CCB) is selling $3 billion in bonds for bitcoin and U.S. dollars through its unit […]

VIC Rewards and XcelTrip Are Set To Redefine Global Wellness and Vitality Marketspace

PRESS RELEASE. Dr. Richard Satur, CEO of VIC Rewards, and Gyanendra Khadka, CEO of XcelTrip, are partnering to raise stakes initially from ASEAN, Indian and Korean Wellness and Vitality digital space; before they take on the global Medical-Tourism marketplace. XcelTrip with over 2.4 million hotels and 450+ flights worldwide, is already an impressive online travel […]

Bitcoin Global Launches P2P Crypto Trading App for Mobile Devices

Peer-to-peer cryptocurrency trading platform Bitcoin Global has launched its mobile app for iOS and Android devices. In addition to a fast and anonymous way to buy and sell digital assets for fiat, the mobile app features a secure wallet, access to a referral program and more. P2P Crypto Trading at Your Fingertips Bitcoin Global, a […]

Erratic Processing Power: Bitcoin’s Hashrate Gains 45% in a Day, Then Loses 41 Exahash

Seven days ago Bitcoin’s network difficulty saw the largest drop in nine years as it slid over 16% last week. Similar to the crypto asset’s price, the hashrate has been extremely volatile according to statistics. After dropping to 111 exahash per second (EH/s), the network hashrate spiked a whopping 45% on Tuesday morning to 161 […]

Blockchain-Backed Election Art Sells for $66K, Animation Changes After Electoral College Decision

While Americans wait for the official outcome of the electoral college, a blockchain-backed non-fungible token (NFT) called “Crossroad†will change to one of two animations featuring the 45th U.S. President Donald Trump. The animated election-based “Crossroad†NFT recently sold for a whopping $66,666 to a user named “Pablo.†Non-fungible tokens have been very popular in […]

Nearly $360M in Bitcoin Moved to Ethereum in October Despite DeFi Cool Off

Ethereum is still the most popular off-chain destination for bitcoins (BTC) as the total supply of tokenized BTC reached 150,000 BTC ($2.05 billion) at the end of October, up 21% since September. Growth has slowed significantly, however, since the decentralized finance (DeFi) craze that peaked near the end of Q3. Roughly $360 million worth of […]

Market Wrap: Bitcoin Flat at $15.3K; Crypto Locked in DeFi at All-Time High

Bitcoin is sideways Tuesday, with little price action. However, traders seem to be jumping into decentralized finance to maximize their crypto yield. Bitcoin (BTC) trading around $15,345 as of 21:00 UTC (4 p.m. ET). Slipping 0.30% over the previous 24 hours. Bitcoin’s 24-hour range: $15,092-$15,471. BTC close to its 10-day and 50-day moving averages, a […]

Billionaire Stan Druckenmiller Owns Bitcoin, Calls It Attractive Store of Value That Could Be Better Than Gold

Billionaire investor Stanley Druckenmiller has revealed that he owns bitcoin, calling it an asset class that has a lot of attraction as a store of value and could be a better investment than gold. Stan Druckenmiller Owns Bitcoin Stanley Druckenmiller revealed on Monday that he owns bitcoin and explained why it could be a better […]

WhiteBIT Exchange Offers Margin Trading and Up to 30% APR on Smart Staking

Are you looking for a platform with advanced crypto trading capabilities, top-notch security and high liquidity? WhiteBIT exchange offers a margin trading terminal, smart staking and many other features and advantages. As part of its user-centric approach, WhiteBIT also supports withdrawing up to 2 bitcoin per day without KYC. Leverage Your Crypto on the WhiteBIT […]

Volume Surge Brings 25% Turnover to ‘CoinDesk 20’

Goodbye, dai and bitcoin sv. Hello, kyber and cosmos. A swelling in volume in the crypto markets over the third quarter has changed the list of noteworthy digital assets beyond bitcoin and ether that matter most to traders and investors. That change is reflected in the CoinDesk 20. In the latest revision, based on data […]

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 […]

Hong Kong’s Amber Group Picks BitGo Trust in Quest for Institutional Investors

Crypto market maker Amber Group will service its clientele of institutional traders with the help of BitGo Trust, the custodial arm of the Palo Alto-based digital asset financial services firm. BitGo’s status as a qualified custodian should draw more high-net-worth investors to Amber from places like Hong Kong, Taiwan and Seoul, the companies said. The […]