Blockchain Grain Trading Platform Sees Commercial Launch to Tap Russia Market

Blockchain-based agriculture trading platform Cerealia has announced its commercial launch, Bloomberg reports Tuesday. Aiming to facilitate trading of physical grains, Cerealia is focusing on the international market for Russia, the world’s largest wheat supplier. The project has already undergone a series of trial transactions with participating companies from Japan, Dubai, Ukraine, Turkey, Algeria and Brazil, […]

Crypto Custodian Anchorage Gets SOC 1 Security Certification With Big 4 Auditor EY

Crypto services provider Anchorage said it received third-party certification that the controls supporting its financial reporting and operations are adequately secure. The SOC 1 Type 1 report is granted after an independent third-party audit of a company’s internal systems and controls supporting client financial reporting, in addition to exclusive control of private keys. Achieving SOC […]

Ex-Microsoft Dev Gets 9 Years in Prison Over $10M Theft Involving Bitcoin Mixing

A former software engineer at Microsoft received a nine-year prison sentence Monday for an elaborate multi-million dollar criminal scheme involving bitcoin and digital gift cards. Ukrainian citizen Volodymyr Kvashuk, 26, was sentenced in the U.S. District Court in Seattle for 18 federal felonies related to his scheme to defraud Microsoft of more than $10 million. […]

Former NFL Investor’s Lawyers Seek to Withdraw From Crypto ‘Shadow Banking’ Case

Lawyers of embattled former U.S. Football League player and National Football League investor Reginald Fowler have filed a motion to withdraw as his representative counsel in a case involving alleged illegal cryptocurrency operations. In a court document filed Monday, no definitive reason was given for the motion due to attorney-client privilege. However, Fowler’s lawyers, James […]

Gemini Exchange Building ‘Wrapped Filecoin’ for the Ethereum Network

Cryptocurrency exchange Gemini is developing a “Wrapped Filecoin†(wFIL) service enabling the decentralized storage platform’s native token (FIL) to be used on the Ethereum network. In a company blog post on Monday, U.S.-based Gemini said it was on the hunt to work with Ethereum developers wishing to add wFIL to their own products and platforms. […]

Kadena Partners With Stablecoin-Maker Terra in Bid to Expand Its DeFi Offering

Hybrid blockchain platform Kadena is teaming up with stablecoin maker Terra with the aim of expanding its decentralized finance (DeFi) platform. Announced on Tuesday, Kadena said it will add Terra’s luna stablecoin to its decentralized exchange (DEX) Kadenaswap, which was announced earlier in September and is expected to roll out at the end of the […]

Lebanon Preparing Central Bank Digital Currency for 2021 Rollout

Lebanon’s chief central banker said the country is preparing a national digital currency (CBDC) for a 2021 debut. Banque Du Liban Governor Riad Salameh told state-run media Tuesday the CBDC project is part of a “regulatory mechanism” to restore confidence in Lebanon’s troubled banking sector. Lebanon’s private banks have deep ties to the government, which […]

Texture Capital Awarded FINRA License to Trade Security Tokens

Texture Capital is preparing to launch a digital securities trading hub for private capital markets after getting the green light from a U.S. financial regulator. With its Financial Industry Regulatory Authority (FINRA) broker-dealer registration and alternative trading system go-ahead, revealed to CoinDesk Tuesday, Texture moves closer to taking its issuance marketplace live. The one-year-old blockchain […]

West African Program Will Store Weather Data on Telos Blockchain

Telos has partnered with open-source weather technology company Telokanda Weather Group to launch an initiative to collect and share weather data in West Africa on the Telos public blockchain. Telokanda will use the Telos blockchain to help university students and farming communities record and share weather data with the goal of improving climate research, hurricane […]

Sharktron Defi Project Devs Exit Scam: Tron Foundation Says Part of Missing Funds Now Frozen

Developers of the Sharktron defi project have exit scammed with reports suggesting that TRX tokens worth up to $10 million are missing. The Tron Foundation has confirmed the theft, but is quick to inform Sharktron token holders that a portion of the missing funds has been frozen. The exit scam comes a few weeks after […]

First Mover: Bitcoin Needs No Vaccine as Druckenmiller Lays Down ‘Better Bet’

Bitcoin was higher, though barely, appearing to settle into a new range over the past several days between roughly $14,800 and $15,600. “Should bitcoin prices consolidate this week,†wrote Matt Blom, head of sales and trading for the digital-asset firm Diginex, “it would set us up for the next leg up towards $17,000.†In traditional […]

Crypto Gaming Pioneer Cloudbet Officially Launches in Argentina

PRESS RELEASE. Cloudbet, the pioneering crypto casino and sportsbook, has officially launched an Argentina-focused service in response to the country’s surging interest in bitcoin and crypto gaming. The platform has unveiled a country-specific site and blog to help Argentinians learn more about the benefits of betting with cryptocurrency, as well as the features that make […]

3 Reasons Bitcoin Has Rallied Over 60% in Just Two Months

Bitcoin (BTC) has chalked up a stellar price rally in the past two months, reaching 33-month highs close to $16,000. The uptrend began in early September after buyers bought a dip below $10,000, and gathered pace in the second half of October. Last week, prices reached a high of $15,971, a level last seen in […]

Currency Depreciation to Blame for 7.2% Drop in Global Remittances: World Bank Supports Digital Remittances

According to a new report, the depreciation of some currencies against the U.S. dollar is contributing to the declining international remittances. After touching an all-time high of $548 billion in 2019, the World Bank report now projects remittances to drop 7.2% in 2020 to $508 billion and a further decline of 7.5% to $470 billion […]

20 More Block Rewards from 2010 Spent Today— Why Are Decade-Old Bitcoins Waking Up?

Following the 21 coinbase rewards from 2010 spent on November 7, another long string of so-called ‘sleeping bitcoins’ mined a decade ago were transferred on Sunday morning. According to onchain data, the 20 block rewards from 2010 with 1,000 BTC were transferred at 4:02 a.m. EST. A ton of ‘zombie coins’ moved in 2020, after […]

Second Stimulus Checks: When Direct Payments to Americans Will Come Under Joe Biden

The outcome of the U.S. presidential election is affecting how fast Americans will receive their second stimulus checks. With Joe Biden named the president-elect, Americans are eager to know how soon they will receive the second round of direct payments. The Senate goes back into session on Monday when the stimulus discussion will be prioritized. […]

$100K Bitcoin: S2F Author Confident With His Model, Suggests Six-Figure BTC Price by 2021

Not too long ago, the author of the controversial bitcoin stock-to-flow (S2FX) price model said that the model was “perfectly on track.†On Sunday, November 8, the S2FX creator known as “Plan B†reiterated his belief in the model and told his Twitter followers that he has “no doubt whatsoever†that the S2FX trend is […]

Riot Blockchain Mined 224 Bitcoins in Q3

Publicly traded bitcoin mining company Riot Blockchain reported earnings for the September period Monday, noting a significant increase in revenue and hash power from a year ago with plans for continued expansion. Reporting over $2.4 million in mining revenue, the Castle Rock, Colo.-based mining firm increased revenue by 42% from the same period in 2019. […]

Grin Network Victim of 51% Attack, Unknown Miner Commands 58% of the Hashrate

The privacy-centric cryptocurrency network Grin (GRIN) has been the victim of a 51% attack according to a number of reports. Allegedly an unknown entity gained control of over 57% of the network hashrate on Saturday. According to the Grin website, the team is recommending people wait for “extra confirmations on transactions for payment finality.†On […]

‘Dr Doom’ Nouriel Roubini Admits Bitcoin May Be a Store of Value, Sees Big Revolution in Central Bank Digital Currencies

Economist Nouriel Roubini, also known as “Dr. Doom,†has admitted that bitcoin may be a store of value. Roubini sees a “big revolution†coming in the next three years due to central banks launching their own digital currencies. Nouriel Roubini Sees Store of Value in Bitcoin After years of publicly mocking and ridiculing bitcoin, Nouriel […]

Market Wrap: Bitcoin Drops as Low as $14.8K; ETH Options Open Interest at Record High

Bitcoin is gyrating amid rallying global stock markets while ether options traders ramp up open interest as the Ethereum network heads for an ambitious upgrade. Bitcoin (BTC) trading around $15,384 as of 21:00 UTC (4 p.m. ET). Gaining 0.05% over the previous 24 hours. Bitcoin’s 24-hour range: $14,845-$15,842 BTC above its 10-day and 50-day moving […]

JPMorgan’s Analysis Shows Institutional Investors Moving From Gold ETFs to Bitcoin

JPMorgan has highlighted evidence of institutional demand for bitcoin and investors moving from gold exchange-traded funds (ETFs) to the cryptocurrency. The firm points out that bitcoin demand is driven not only by younger retail investors but also by institutional investors, such as family offices and asset managers. Gold ETF Investors Moving to Bitcoin JPMorgan’s Global […]

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 […]

Crypto Long & Short: Bitcoin Gets Ready for a New Type of Hedge

Of all of the many clever things Mark Twain is alleged to have said, one of my favorites, especially these days, is: “It ain’t what you don’t know that gets you into trouble. It’s what you know for sure that just ain’t so.†In the turmoil that is 2020, many market “truths†have morphed into […]

Bitcoin’s Weekly Close Above 2019 High Leaves Runway Clear to $20K

Bitcoin (BTC) made a weekly close above 2019’s peak price, toppling the final technical barrier on the road to a potential new all-time high. The top cryptocurrency by market value ended last week (Sunday, UTC) at least $1,600 above the high of $13,880 observed at the end of June 2019. Notably, that level marked the […]

First Mover: What’s Next for Bitcoin as Wall Street Gets Vaccine Booster

Bitcoin was higher for a second day, staying in a range between roughly $15,200 and $15,600, as news of progress in developing a coronavirus vaccine appeared to touch off a rally in U.S. stocks. With the outcome of last week’s U.S. presidential election now mostly settled, crypto analysts turned to other market factors, such as […]

Market Wrap: Bitcoin Loses Steam at $15.9K; Over 600K ETH Yanked From DeFi

A bitcoin rally to new 2020 highs has been slowed by lower spot volume. Meanwhile, some ether investors are moving capital out of DeFi. Bitcoin (BTC) trading around $15,502 as of 21:00 UTC (4 p.m. ET). Gaining 2.6% over the previous 24 hours. Bitcoin’s 24-hour range: $15,190-$15,934 BTC near its 10-day moving average but above […]

Markets Spike as Coronavirus Vaccine Trial Shows 90% Success Rate

Both bitcoin and U.S. stock futures shot up on Monday after a U.S. pharmaceutical giant announced positive results from a large-scale clinical trial of a coronavirus vaccine. Risk appetite improved as Pfizer said its experimental vaccine has been 90% effective in preventing infections in the ongoing trial, Bloomberg reported. The news raises hopes that there […]

Privacy Coin GRIN Is Victim of 51% Attack

Privacy-centric blockchain network Grin (GRIN) is undergoing a 51% attack, an event in which a miner (or miners) acquires more than 50% of the network’s mining hash power and takes control, according to a notice at the bottom of the Grin protocol’s website.   According to 2miners.com, which is responsible for 19.1% of the current […]

Spot Markets, Not Leverage, Fuel Bitcoin’s Price Rally Amid Mild Derivative Liquidations

Red-hot spot markets are primarily fueling bitcoin’s recent rally as the leading cryptocurrency trades at three-year highs around $15,500, suggesting the bull market may have room to continue. Unlike previously rallies, derivatives markets are playing a markedly less prominent role, demonstrated by mild liquidation volumes. The presence of derivatives in bitcoin’s ongoing rally is “muted […]

Veteran Investor Bill Miller Says Every Major Investment Bank Will Own Bitcoin or Something Like It

Mutual fund legend Bill Miller told CNBC Friday the risks of bitcoin going to zero are “lower than they’ve ever been before†and predicted more institutional investment in the cryptocurrency. “The bitcoin story is very easy. It’s supply and demand,†Miller said. “Bitcoin’s supply is growing around 2.5% a year and the demand is growing […]

As Bitcoin Surges, Google Searches Suggest Little FOMO Among Retail Investors

Web search data suggests popular interest in bitcoin remains at normal levels, despite a sharp price rally to near $16,000. The top cryptocurrency has chalked up a nearly 50% gain in the past four weeks to trade as high as $15,971 earlier on Friday – a level last seen during the bull market frenzy between […]

Coronavirus Driving Interest in CBDCs, Say Central Bank Chiefs

A group of central banks says the coronavirus pandemic is a driving force behind growing interest in national digital currencies. Governors of 26 central banks met in Russia to discuss the pandemic and its financial ramifications, according to a news release from the Bank of Russia on Friday. The “Central Bank Governors’ Club,” including institutions from the […]

First Mover: Resistance Is Futile as Bitcoin Breaches $15K, Crypto Gets Greedy

Bitcoin was lower, pausing after after a three-day rally that saw prices approach $16,000, their highest since early 2018. The recent rally left the largest cryptocurrency up 116% year to date, and some bullish digital-asset market analysts were already looking at even higher levels. Denis Vinokourov, head of research at the crypto prime broker Bequant, […]

Hive Blockchain Buys, Deploys 1,240 Bitcoin Mining Machines, Nearly Doubling Hash Power

Publicly traded mining company Hive Blockchain purchased and immediately deployed its largest batch of new ASIC miners Friday, bringing 1,240 MicroBT WhatsMiner M30S machines online. The firm’s aggregate operating hashrate nearly doubles with the addition of the new M30S miners, according to a statement, in what is the largest single purchase of new machines for […]

Licensed Swiss Crypto Bank Launches Tezos Trading and Staking

Sygnum Bank, a digital assets company licensed in Switzerland, has launched services for Tezos, its first listing of a proof-of-stake blockchain token. Announcing the news Friday in a blog post, Sygnum said it now offers trading, staking and custody for tezos (XTZ). Users can earn rewards by staking XTZ with no minimum period and interest […]

Market Wrap: Bitcoin Surpasses $15.3K; Ether Up 210% in 2020

Bitcoin is hitting fresh highs during a surge past $15,000 while investors may be overlooking the upside of ether in 2020. Bitcoin (BTC) trading around $15,087 as of 21:00 UTC (4 p.m. ET). Gaining 7.7% over the previous 24 hours. Bitcoin’s 24-hour range: $14,005-$15,306 BTC above its 10-day and 50-day moving averages, a bullish signal […]

Buggy Code in This Compound Finance Fork Just Froze $1M in Ethereum Tokens

Some $1 million in Ethereum tokens is locked in a new DeFi app after its developers made changes to the protocol’s interest rate smart contracts. DeFi lending platform PercentFinance, a fork of Compound Finance, wrote in a blog post on Nov. 4 “that some of [its] money markets experienced an issue that can result in […]

South Korean Crypto Firms Must Disclose Users’ Identities Under Planned Law Change

South Korea’s Financial Services Commission (FSC) is seeking legal amendments that would make it mandatory for virtual asset service providers (VASPs) within the country to report the names of their customers. According to a press release from the financial watchdog on Wednesday, a proposed update to the Act on Reporting and Using Specified Financial Transaction […]

Square Reports Over $1B in Quarterly Bitcoin Revenue for First Time: Q3 Earnings

It was a monster quarter for Square’s bitcoin business.

Sygnum Bank Now Stores Digital Assets With Taurus Group

Taurus Group, a Swiss fintech firm, has taken on Sygnum Bank as the latest client for its digital asset custody services.

Visa’s Planned $5.3B Purchase of Fintech Firm Plaid Challenged by US DOJ

The United States Department of Justice (DOJ) filed a lawsuit Thursday to stop Visa’s planned $5.3 billion acquisition of fintech firm Plaid, saying it violates antitrust laws and would eliminate competition in the online debit market. 

Vitalik Buterin Sends $1.4M of Ether in Preparation for Ethereum 2.0 Staking

Ethereum founder Vitalik Buterin has sent his first ether for staking on the next iteration of the blockchain network.

Bitcoin Cash-Fueled Onchain Social Media Platform Memo Launches iOS App

Two years ago, an onchain social network called memo.cash was launched and the application has developed quite a bit since then. On Tuesday, the Memo team revealed that the platform is now available for iOS phones via the App Store. Apple users can now connect to the social network that etches a user’s content to […]

Bitcoin’s Market Cap Is More Valuable Than the IMF’s Special Drawing Rights Reserves

At its current price per unit, the decentralized cryptocurrency Bitcoin’s market valuation has surpassed the overall value of the International Monetary Fund’s (IMF) Special Drawing Rights market (SDR $281 billion). Since the massive global market rout on March 12, bitcoin has risen over 323% since the crypto asset’s $3,600 low in 2020. The price of […]

South Korea To Ban Crypto Exchanges From Handling Privacy Coins

South Korea is to ban crypto exchanges from handling digital assets it considers “dark coinsâ€. Regulator Financial Services Commission (FSC) is specifically targeting privacy coins such as dash, monero and zcash. â— The ban is with effect from March 2021. In an update to crypto regulations under the Special Payments Act, the FSC accuses privacy […]

Swiss Bank Sygnum Begins Storing Crypto With Taurus Group, Launches Staking Service

The Switzerland-based bank Sygnum has announced this week that the fintech firm is now storing digital assets with the company Taurus Group. On Friday, the bank also revealed that the FINMA-approved firm’s clientele can purchase and stake XTZ by leveraging the Tezos network. Earlier this year, news.Bitcoin.com reported on a number of Switzerland-based fintech services […]

Jointer.io Matches Binance & CZ’s $100 Million Challenge With Early Adopter Fund

PRESS RELEASE. Changpeng Zhao (CZ) sent shockwaves across the crypto industry in September by announcing a $100 million investment fund devoted to projects building on the Binance Smart Chain (BSC). Now, Jointer.io, the world’s first commercial real estate-backed DeFi auction, is matching CZ’s offer dollar-for-dollar in an effort to bring mass adoption to Binance Smart […]

A Look at ‘Individual X’ and the Seized Stash of Silk Road Bitcoins Worth $1 Billion

On November 3, 2020, the cryptocurrency community noticed that one of the largest addresses holding 69,369 bitcoins from the Silk Road were transferred. Following the onchain movement, the U.S. government revealed it had seized the coins from a person they dubbed “Individual X.” The following is an in-depth look at what we know about the […]

Hash Watch: Kraken Announces BCH Fork Plans, Bitcoin ABC Reveals Two-Pronged Effort

A number of third party infrastructure providers have announced contingency plans for the upcoming Bitcoin Cash upgrade on November 15, 2020. Hitbtc has revealed the exchange’s plans to halt bitcoin cash transactions on that day, and it plans to credit all users with an additional token if a blockchain split happens. Additionally, Kraken has announced […]

Second Stimulus Checks: When Direct Payments to Americans Will Come Under Joe Biden

The outcome of the U.S. presidential election is affecting how fast Americans will receive their second stimulus checks. With Joe Biden named the president-elect, Americans are eager to know how soon they will receive the second round of direct payments. The Senate goes back into session on Monday when the stimulus discussion will be prioritized. […]

Every Major Bank Will Have Exposure to Bitcoin, Says Renowned Fund Manager Bill Miller

Veteran investor Bill Miller says that all major banks, investment banks, and high net worth firms will eventually have some exposure to bitcoin or something like it. He said that bitcoin’s staying power is getting better every day. Bill Miller’s Bullish Statements About Bitcoin A growing number of major corporations have been gaining exposure to […]

39 Firms Have Applied to Offer Crypto Services Under New Regulation, Says Dutch Central Bank

Thirty-nine companies have applied for registration with the Dutch central bank to provide cryptocurrency services, the regulator told news.Bitcoin.com. They include crypto exchanges and custodial wallet providers. Dutch Central Bank Begins Registering Crypto Service Providers De Nederlandsche Bank NV (DNB), the Dutch central bank, has started actively registering companies to provide cryptocurrency services. As a […]

8,000 Bitcoin Scam Victims Get Refunds From US Regulator

The U.S. Federal Trade Commission is refunding about 8,000 victims who lost money from investing in two bitcoin scams. The fraudulent schemes promised that investors could turn their cryptocurrency payments of about $100 into $80,000 in monthly income. Bitcoin Pyramid Schemes’ Victims Get Refunds The Federal Trade Commission (FTC) has started sending refunds to victims […]

Canada’s Tax Authority Asks Court to Force Crypto Exchange to Hand Over Data on All Users

Canada’s tax authority is reportedly asking a federal court to force cryptocurrency exchange Coinsquare to hand over information and certain documents on all of its users since the beginning of 2013. The Canadian crypto exchange has over 200,000 users. Canada Revenue Agency Wants Data on All Coinsquare Users The Canadian tax authority has asked a […]

20 More Block Rewards from 2010 Spent Today— Why Are Decade-Old Bitcoins Waking Up?

Following the 21 coinbase rewards from 2010 spent on November 7, another long string of so-called ‘sleeping bitcoins’ mined a decade ago were transferred on Sunday morning. According to onchain data, the 20 block rewards from 2010 with 1,000 BTC were transferred at 4:02 a.m. EST. A ton of ‘zombie coins’ moved in 2020, after […]

Cash App’s Bitcoin Revenue Soars 1,000% to $1.63 Billion in Q3, Square Announces

Cash App, a mobile payment service of Square Inc., generated more than $1.63 billion in bitcoin revenue in Q3 2020, which is an increase of more than 1,000% over the same period last year. The company recently invested 1% of its total assets, or $50 million, into bitcoin. Cash App’s Bitcoin Revenue Soars Square Inc. […]

‘Bond King’ Jeffrey Gundlach: Stock Market Will Crack Pretty Hard, Bitcoin Good Inflation Hedge

Doubleline Capital’s CEO, the billionaire “bond king” Jeffrey Gundlach, has predicted that the stock market is going to “crack pretty hard.” While he is bearish on the stock market and long-term bonds, Gundlach says bitcoin and gold are good for hedging against inflation. Jeffrey Gundlach Discusses Stock Market Outlook, Gold and Bitcoin Billionaire fund manager […]

$1 Billion Silk Road Bitcoin Moves for First Time in Five Years

At least 69,369 bitcoins, worth about $955 million, were on Wednesday moved from a wallet address that may be linked to the collapsed Silk Road darknet marketplace. This is the first time that the funds have moved from the address — bitcoin’s fourth largest — since April 2015. The address has long been a target […]

$100 Million Accelerator Fund from Binance Now Supports PARSIQ, a Reverse-Oracle Blockchain Platform

PRESS RELEASE. PARSIQ is a working platform that makes blockchain events consumable and blockchain data actionable. It allows users—both individuals, companies, enterprises—to monitor any events across different blockchains in real-time and at scale and connect those events to any off-chain apps or devices to automate different workflows. A blockchain-to-everything monitoring service PARSIQ was announced to […]

Another Mysterious String of 1,000 ‘Satoshi Era’ Bitcoins Mined in 2010 Moved Today

On November 7 at around 12:37 a.m. (EST), another string of so-called ‘sleeping bitcoins’ were moved for the first time since 2010. The peculiar movement stemmed from 20 blocks from 2010 with approximately 1,000 BTC spent ($15.5 million) in a single block. **Update 10:20 a.m. EST: Seven hours prior on Nov. 6, 2020, a 2010 […]

$200 Million Brazilian Crypto Fraud Scam: The US Seizes $24 Million Worth of Digital Currencies

The United States Department of Justice (DOJ) says it has seized cryptocurrencies worth $24 million after receiving an official request from the government of Brazil. The seizure stems from an ongoing investigation into the $200 million cryptocurrency scam that may have defrauded tens of thousands of Brazilians. The authorities in Brazil say the scammers duped […]

Argentinian Central Bank to Lift Freeze on Bank Fee Increases: Sets the Ceiling for Future Hikes at 9%

The Central Bank of the Argentine Republic says starting in January 2021, financial institutions will be able to increase the fees or commission they levy for services rendered. In its November 5 update, which effectively ends the February 19 freeze on any fee hikes, the central bank says such increases should not exceed 9% each […]

Bitcoin Cash-Fueled Onchain Social Media Platform Memo Launches iOS App

Two years ago, an onchain social network called memo.cash was launched and the application has developed quite a bit since then. On Tuesday, the Memo team revealed that the platform is now available for iOS phones via the App Store. Apple users can now connect to the social network that etches a user’s content to […]

Bitcoin Price Spikes Over 9% as the Crypto Asset’s Value Nears $15K

The crypto economy has jumped over the $400 billion mark and is now hovering around $414 billion at the time of publication. The largest crypto asset in terms of market cap, bitcoin has climbed over 9% during the last 24 hours steadily marching toward the $15k zone. During the last 30 days, Bitcoin (BTC) has […]

Bitcoin’s Market Cap Is More Valuable Than the IMF’s Special Drawing Rights Reserves

At its current price per unit, the decentralized cryptocurrency Bitcoin’s market valuation has surpassed the overall value of the International Monetary Fund’s (IMF) Special Drawing Rights market (SDR $281 billion). Since the massive global market rout on March 12, bitcoin has risen over 323% since the crypto asset’s $3,600 low in 2020. The price of […]

Casino Token: Black Horse Finance (BLHF) Pre-sale started on 1st November 2020.

PRESS RELEASE. Black Horse Finance (BLHF) is changing the way you play. Brought to you by the Black Horse Foundation, the BLHF will be the exclusive gaming token of some of the world’s leading gambling operators. Developed by an ambitious Casino lovers team, Black Horse Finance is a revolutionary blockchain technology-based platform that uses ETH […]

Decentralized Exchanges That Use Automated Market Makers Now Represent 93% of the Market

A recent report by Consensys says the surge in decentralized exchange (DEX) volumes in Q3 of 2020 is down to their adoption of the automated market maker (AMM). According to the report, DEXs that use AMM, a software that algorithmically creates token trading pairs, now represent 93% of the market. The good side of AMMs […]

Defi Index CVX Measures Crypto ‘Market Fear’ and Implied Volatility

The decentralized finance (defi) platform cvx.finance has launched the beta version of its “Crypto Volatility Index”, otherwise known as the “CVX.” The CVX is an index similar to the “Market Fear Index” (VIX) commonly used in traditional finance, but cvx.finance measures the suggestive volatility from bitcoin and ethereum options markets. It’s still early but a […]

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 […]

Ethereum User Spends $9,500 in Fees Sending Just $120 in an Error to Forget

An Ethereum user mistakenly paid $9,500 in transaction fees to send just $120. The user, identified by their Reddit moniker ‘Proudbitcoiner’, says the transaction “destroyed my life” and is now desperately asking miners to return the money. According to a Nov. 4 post on Reddit, Proudbitcoiner said they accidentally typed in the wrong transaction fee, […]

Federal Reserve Staff Sluiced Wall Street Bankers With Trillions From the Comfort of Their Mansions

While American citizens wait for bureaucrats to pass a new coronavirus relief package, the Federal Reserve has continued to serve corporate interests and the banking cartel. Behind the curtains from the comfort of their own mansions, members of the Fed have given more stimulus to crony Wall Street corporatists than it did in 2008. The […]

Iran Adopts Bitcoin for International Trade Amid Heavy Sanctions, Falling Rial, Soaring Inflation

The Iranian government has adopted bitcoin for international trade as the country’s economic crisis deepens, with rising Covid-19 cases, depreciating rial, and intensifying sanctions imposed by the U.S. government. Iran’s Economic Troubles Magnified Iran is undergoing a severe economic crisis as Covid-19 cases surge in the country. The Iranian health ministry says that the number […]

Bitcoiner Elected to US Senate: Cynthia Lummis Sees ‘Great Promise’ in Bitcoin

A bitcoin hodler has won a U.S. Senate seat. Cynthia Lummis is a bitcoin owner who bought her first bitcoin in 2013 because she believes in the economic power of scarcity and the potential for bitcoin to address some of the manipulations in the financial system. Bitcoiner Wins Senate Election Republican candidate Cynthia Lummis has […]

Gold Price Expected to Rally Despite Concerns About Lockdown 2.0

Gold industry players say the inevitable printing of new money by the U.S. will lead to an increase in the circulating supply of fiat currency. This increase, in turn, will further dilute the value of U.S. currency and thus diminish its perceived status as the world’s foremost reserve currency. The gold industry players also add […]

Imcoin (IMC) “The First Hybridcoin” Arrives To Impose a New Concept of Cryptocurrencies

PRESS RELEASE. The objective of IMCoin is to be the first Hybridcoin on the market, giving its holders the possibility of having an asset backed with an audited and public underlying where the money from the sale of the token is entered, but which in turn tries to increase in value. to positively impact the […]

Iran Adopts Bitcoin for International Trade Amid Heavy Sanctions, Falling Rial, Soaring Inflation

The Iranian government has adopted bitcoin for international trade as the country’s economic crisis deepens, with rising Covid-19 cases, depreciating rial, and intensifying sanctions imposed by the U.S. government. Iran’s Economic Troubles Magnified Iran is undergoing a severe economic crisis as Covid-19 cases surge in the country. The Iranian health ministry says that the number […]

Quadriga CX Trustee Raises $30 Million for Reimbursements to Creditors, Claimants Want $171 Million Instead

The trustee of the now-defunct crypto exchange, Quadriga CX says the sell-off of the platform’s assets raised $30 million. This contrasts with the $171 million in claims that has been filed with the trustee by Quadriga creditors. Consequently, Ernst and Young (EY), the accounting firm mandated with administering Quadriga’s liquidation process, says it will not […]

Remittance Costs Lower in Q3 World Bank Study Shows – Only Cryptocurrencies Meeting UN Goal

The latest study by the World Bank shows that it costs 4.98% on average to remit funds to South Asia which makes it the least expensive region while sub-Sahara Africa is the most expensive with an average cost of 8.47%. The quarterly study also finds that it is costlier to remit funds when using service […]

South Korea To Ban Crypto Exchanges From Handling Privacy Coins

South Korea is to ban crypto exchanges from handling digital assets it considers “dark coins”. Regulator Financial Services Commission (FSC) is specifically targeting privacy coins such as dash, monero and zcash. ● The ban is with effect from March 2021. In an update to crypto regulations under the Special Payments Act, the FSC accuses privacy […]