In the latest turn of events, the Russian Ministry of Finance has taken a harsh stance wrt cryptocurrency regulations. Crypto holders on not disclosing their digital assets (worth 45 million rubles or more) at least twice in a period of three years stand to face a jail term of up to three years. This, however,...Read More
Major crypto exchange BitMEX today announced its partnership with Eventus Systems, a software and compliance firm, which would allow the platform to “bolster” its Anti Money Laundering (AML) and trade surveillance monitoring. According to the announcement the firm said: Through integrating the Eventus Validus technology into our existing trade surveillance and AML processes, we will...Read More
The state electric company of Carabobo, one of Venezuela’s 23 states, has reportedly disconnected bitcoin and cryptocurrency mining equipment across the region. According to an anonymous crypto miner, the state electric company, Corpoelec did this in compliance with “superior orders.” The miner told a local news company that over the weekend Corpoelec had indeed shut...Read More
Akropolis has reportedly come under attack, with hackers draining the DeFi protocol’s savings pool to the tune of $2 million in DAI stablecoin. In a tweet published on 12 November Akropolis stated: We recently identified a hack executed across a body of smart contracts in the “savings pools” that have been audited twice. We are...Read More
Bitcoin’s [BTC] price recorded its 2020 high of $16,177 today, on the 12th of November. Even though the cryptocurrency’s price had dropped under $16k at press time, the derivatives market has been underlining the active nature of the traders who are aiming for a higher price as 2020’s Q4 culminates. As the value of Bitcoin...Read More
DeFi’s growth this year has been staggering. Towards the start of the year, DeFi’s total value locked (TVL) had managed to hit the $1 billion mark. However, over the next 9 months, DeFi’s TVL jumped to $13.5 billion. Interestingly, the past month saw the DeFi hype slightly die down, and during the course of October,...Read More
American-Israeli cybersecurity firm Check Point published a follow-up article that revealed the origin of Bitcoin ransomware that attacked several companies in Israel in the last couple of weeks. Check Point researchers partnered with Whitestream – a blockchain intelligence firm to scrutinize wallet addresses left in ransomware notes that helped them trace the ransoms to Excoino,...Read More
Bitcoin’s price has touched new heights in Q4 of 2020. However, it is easy to forget that Q3 was quite different. The Bitcoin market, along with the altcoin market, was quite a mix of volatility and consolidation this year. The spurts of volatility caused the BTC market and traders to pay close attention to the...Read More
The blockchain analysis firm, Chainalysis, today announced the launch of an asset realization program to help government agencies to track seized cryptocurrencies as well as handle, store, and realize such assets. Chief Revenue Officer, Chainalysis Jason Bonds believed that with cryptocurrencies becoming more mainstream, the likelihood of bad actors using it could increase. On that...Read More
With Bitcoin continuing to hover very close to its $16k-resistance level, many of the market’s altcoins are now having to endure prolonged periods of sideways movement. Such was the case for altcoins such as Binance Coin, Polkadot, and VeChain over the course of the previous week. Binance Coin [BNB] Source: BNB/USD, TradingView Binance Coin’s price...Read More
Disclaimer: The findings of the following article attempt to analyze the emerging patterns in the EOS long-term market and its impact on the price EOS, like some altcoins, has been sinking lower on the charts with every passing day. This, even as Bitcoin and some other major crypto-assets consolidated. However, if one were to view...Read More
Over the past few years, Bitcoin’s popularity has taken flight, with the cryptocurrency a well-known asset in the financial industry today. While it has become fairly common to talk about Bitcoin, fundamentally, it remains dissimilar to any other asset class. One factor that completely distinguishes Bitcoin from other asset classes is its supply distribution that...Read More
The cryptocurrency market has been all the rage lately, given its performance during the COVID-19 pandemic. Now that Bitcoin is once again surging on the charts, it is unlikely that BTC will stay away from the news for long. Owing to this popularity, many countries around the world have been taking regulatory measures, both in...Read More
A few months after compiling the latest protocol proposal, Tezos has officially implemented its 4th network upgrade in the past two years. Dubbed Delphi, it went live earlier today and aims to dramatically reduce the gas consumption along with other “small bug fixes.” The Delphi Upgrade Live On The Tezos Blockchain The Delphi proposal was...Read More
ETH/USD – Ethereum Stalls At Price Channel Upper Border Key Support Levels: $456, $438, $430.Key Resistance Levels: $475, $490, $500. Yesterday, Ethereum managed to create a fresh high for November (and a new 2-month high) as it spiked into the $475 resistance (September high-day closing price). Before this, it was struggling to close above $456...Read More
The popular Bitcoin derivatives exchange BitMEX has taken a step towards improving its trade surveillance and AML efficiency endeavors by collaborating with Eventus Systems. Founded in 2013, Eventus is a global provider of multi-asset trade surveillance and market risk solutions. BitMEX will integrate the cloud-based version of the Eventus Validus platform with its already existing...Read More
What are your top 3 answers to the question, “Why would institutions even want to invest in Bitcoin?” Bitcoin has a good track record and it outperforms equitiesYeah, Bitcoin has outperformed almost every asset out there that has a history. It has done this within a span of a decade, give or take 2-3 years....Read More
While most of 2020 meant uncertainty and consolidation for Bitcoin, the past few weeks saw the cryptocurrency in good stead from a trading price point of view. Not only did Bitcoin’s price manage to stay above the crucial $15k-price level, but it also briefly breached the $16k-mark, before falling again. Source: Coinstats While there has...Read More
The team behind the mimblewimble-based privacy coin Beam will launch a DeFi platform enabling developers to create confidential, decentralized, and user-friendly financial applications. Dubbed BeamX, the platform will arrive on November 19th, with the first iteration being an experimental network, while the mainnet should be released in Q1 2021. Beam Announces DeFi Platform Called BeamX...Read More
XRP/USD – Coin Still Trapped In Consolidation Key Support Levels: $0.25, $0.245, $0.24.Key Resistance Levels: $0.261, $0.271, $0.28. XRP might be above the 100-days EMA this week, but it is still struggling to break the resistance at $0.261 (bearish .5 Fib Retracement). The coin has struggled to break this level since October and must push...Read More
Bitcoin’s price, at the time of writing, continued to remain close to the much-anticipated $16K-level. Owing to their high correlation to the world’s largest cryptocurrency, many of the market’s altcoins benefited as expected. In fact, popular altcoins like XRP, Synthetix, and NEM saw their prices surge over the past week. However, over the last 24-48...Read More
Bitcoin bulls have returned with force today and propelled the top crypto to a new high of $16,177 – a price not seen since 2017! The global crypto market briefly rose back above $460 billion during the surge as $12 billion flooded back into the space. Despite strong selling pressure at this new level, optimism...Read More
In a development that has been dubbed an ‘unannounced hard fork,’ Ethereum developers introduced changes to the underlying code earlier in the day, changes that led to the Ethereum blockchain splitting. A new version valid for upgraded nodes was created and was seen as invalid by older ones that did not upgrade. The development gave...Read More
Event: BLOCKBALI DEFI SUMMIT – www.blackarrowconferences.com/blockbali2020.html Conference Date: 1st December 2020 | Timing: 9.30am – 6pm India Time (GMT +5.5) Location: Online / Virtual | Tickets: FREE – REGISTER NOW Blockbali, Asia’s leading blockchain conference is back again for its 4th edition in 2020 on the 1st of December with ‘DeFi’...Read More
Disclaimer: The findings of the following article attempt to analyze the emerging patterns in Chainlink’s short-term market and its impact on the price Unlike most, Chainlink has not been highly correlated with Bitcoin, with the impact of the same very visible on its market. In fact, the value of LINK has been moving in a...Read More
The US-based venture capital firm Social Capital will launch a new program enabling investors from all backgrounds to employ the company’s resources to generate “outsized returns on an initial capital base of millions of dollars.” SC’s founder and CEO, Chamath Palihapitiya, announced the new venture called Emerging Managers on Twitter. He highlighted several issues new...Read More
Bitcoin, the world’s largest cryptocurrency, after much prevarication, finally breached the $16,000-mark across some major crypto-exchanges. In the last hour alone, Bitcoin hiked by over 1.5%, with the cryptocurrency gaining by over $150 on the charts. Additionally, BTC was up by 4% and 11% on the daily and weekly timeframes, respectively. Source: BTC/USD on TradingView...Read More
Bit Digital, a NASDAQ-listed Bitcoin mining company headquartered in New York, has entered into several asset purchase agreements to acquire $13,903,088 worth of Bitcoin miners with a total hash power capacity of 1,000 Ph/s. The agreements also involve an offering of 4,344,711 ordinary shares at a price of $3.20 per share. After this transaction closes,...Read More
After breaking the previous yearly high and briefly spiking to $16,000, BTC has retraced slightly and trades beneath that level. Simultaneously, Ethereum surged to a new high since early September, while Chainlink’s impressive weekly performance has taken the asset to the 5th spot in terms of market cap. Bitcoin Sees New YTD High But Retraces...Read More
Bitcoin re-tapped its highest price since January 2018 a few hours ago as it came within a whisker of $16,000. For the second time this month, that price level proved to be too much resistance and the asset has fallen back to $15,750 at the time of writing. The bullish momentum over the past month...Read More
