Ernst & Young LLP (EY) and Microsoft have extended the latter’s blockchain service for gaming rights and royalties management to offer a financial system of record ranging from contract productions to settlements and reconciliations. More Functionalities For Gaming Partners The expanded blockchain functions will allow Microsoft’s Xbox video gaming partners and its network of content...Read More
Cynthia Lummis, an American politician who is the US Senator-elect from Wyoming, believes that Bitcoin will be crucial in the event that the fiat system crashes down. In a recent episode of the “What Bitcoin Did” podcast, Lummis told Peter McCormack: If we reach the point where we have overspent so much that things start...Read More
Disclaimer: The findings of the following analysis are the sole opinion of the writer and should not be taken as investment advice Ethereum‘s price has been stagnating over the past few weeks, despite Bitcoin-inflicted drops. In fact, ETH’s price was stuck at $586 as it tried to reclaim its price before the said drops. When the...Read More
The leading cryptocurrency exchange Binance has expanded its partnership with the blockchain-based provider of sports and entertainment entities, Chiliz. The first direct result of this will be the distribution of Juventus and PSG Fan Tokens through Binance Launchpool. Binance Doubles-Down On Chiliz The Malta-based giant trading venue announced the new endeavor in a press release...Read More
Ihor Kolomoyskiy, a Cypriot-Ukrainian billionaire business oligarch, and former governor of one of Ukraine’s provinces, is reportedly running a Bitcoin mining operation at a steel factory in Kentucky. The factory, CC Metals & Alloys (CCMA) is owned by the Ukrainian tycoon Ihor Kolomoyskiy and his business partner Hennadiy Boholyubov. An anonymous former employee of the...Read More
Ethereum’s Vitalik Buterin took to Twitter to warn the crypto community against taking personal loans to purchase Ether and other cryptocurrencies. In a Twitter post published on Monday, Buterin asked his followers not to take out personal loans to buy ETH or other assets in response to a user’s tweet that he addressed. The anonymous...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice For most of 2020, Bitcoin SV’s price movement has been contained within the resistance level of $235 and the support level at $150. While the trend has appeared both bullish and bearish, the latest...Read More
Bitcoin Cash and Crypto.com Coin could be set to trade within a range over the next few days as they lacked any momentum in the short-term. However, while Bitcoin Cash noted a balance between the market’s buyers and sellers with respect to the volume bought or sold, NEM saw a breakout to the upside and...Read More
For many, DeFi was the hot property of 2020, thanks to the growth it recorded over the course of the year. In fact, while at the beginning of 2020 the TVL was a “mere” $675 million, the figure had risen to just under $15 billion, at the time of writing. Source: DeFi Pulse It is,...Read More
Bitcoin’s consolidation phase continues to take place at a higher trading range, with the price climbing back above $19,000 again. In fact, every time BTC has gone down below the $19k-mark, bearish concerns have resurfaced across the industry. Source: Coinstats This is the reason why the price re-discovering its position above $19k again is a...Read More
Bitfinex has added four new assets on Bitfinex Borrow, its peer-to-peer (P2P) digital token lending/borrowing platform. The latest digital assets added, including XRP, Litecoin LTC, EOS and Polkadot DOT, can act as collateral to obtain crypto and fiat loans. 📣 On Bitfinex Borrow you can now get a loan using the following collateral: XRP ($XRP)Litecoin...Read More
One of the leading cryptocurrency derivatives exchanges BitMEX has announced the completion of a significant upgrade on its custody system to improve transactions. The update will allow BitMEX to use Bitcoin Core to track users’ BTC deposits and withdrawals, the company said. Important Updates Since Bitcoin Core ZeroMQ notifications trigger the new architecture, deposits will...Read More
Zhou Xiaochuan, former Governor of China’s central bank revealed today that the nation’s long-awaited Digital Currency Electronic Payment or its CBDC, digital yuan, is not being issued as a replacement to global fiat currencies such as US dollar or Euro, according to a local report from the SCMP. During the Shanghai Financial Forum, the official...Read More
JP Morgan’s take on Bitcoin turned 360 degrees in 2020. This was understandable, however, as it wasn’t just Bitcoin’s price rally that caught the eye of institutional investors and banks, but it’s decoupling with gold too. According to one of the world’s biggest banking institutions JP Morgan Chase & Co., the rise of cryptocurrencies in...Read More
The personal address of Hugh Karp, the founder of the Ethereum-based insurance provider Nexus Mutual, has been drained for over $8 million worth of the NXM token by an already registered user. Despite the attack, Nexus Mutual has reassured that the customers’ funds are safe. Nexus Mutual Founder Drained For $8M In NXM The popular...Read More
Over the past few trading sessions, many of the market’s major altcoins have registered gains. And yet, for some of them, the gains were only a pullback in their downtrends. Ontology and DigiByte were some examples of coins on a downtrend over the past two weeks. They had a bullish November, but have been unable...Read More
The world of decentralized finance continues to amaze. Roughly around 12 hours ago, someone bid almost $800,000 for a collection of nun-fungible tokens (NFT) in what seems to be the most expensive purchase of digital art in the cryptocurrency industry. $800,000 Paid for NFT Digital Art Collection Mike Winklemann is a graphic designer from Charleston,...Read More
Disclaimer: The findings of the following article are the sole opinions of the writer and should not be taken as investment advice Binance Coin, at the time of writing, was registering a minor spike after re-discovering its position above $29, following a dip below $26. On the back of an uptrend, BNB surged over the course...Read More
In what is a much-awaited development, the IOTA Foundation has just announced that the Chrysalis Testnet will go live on the 14th of December. Chrysalis, also known as IOTA 1.5, is the mainnet’s intermediate stage before Coordicide is complete. Chrysalis testnet coming tomorrow. Stay Tuned!#Chrysalis #IOTA pic.twitter.com/mDnOkw928W — IOTA (@iotatoken) December 13, 2020 The Chrysalis...Read More
Monero was one of the least affected large-cap altcoins when Bitcoin registered some volatility over the past few days. It climbed past the $150-mark and could note further upside over the next few hours. Further, while Steem appeared to be on a strong uptrend once more, Compound held on above the $140-level of support. Monero...Read More
On December 14th, Injective Protocol, a first layer-2 decentralized exchange protocol announced its partnership with Binance Smart Chain. According to the official blog post, the main aim of the collaboration is to accelerate derivatives adoption on the BSC ecosystem. The platform plans to launch new derivative products on BSC. Initially, it will build a bridge...Read More
Only 22% of bankers and financial investigators feel confident detecting crypto-related payments, according to blockchain analytics and cryptocurrency intelligence company – CipherTrace. During a webinar on “How Cryptocurrency Intelligence Tipped the Scales in 2020 Sanctions Evasion,” over 500 attendees from various financial institutions were asked if they felt confident detecting cryptocurrency-related payments flowing through their...Read More
Bitcoin’s ascent past $19,000 lent some strength to the altcoin market as Stellar Lumens broke out of a falling wedge and headed towards $0.2 over the next few days. On the contrary, Waves was held back by selling pressure over the past few days and could break beneath a level of support while Dash showed...Read More
The report, which appeared on China Central Television (CCTV), apparently claims that a Bitcoin bull market may put long term downwards pressure on gold. The broadcast was retweeted by 8BTC founder Red Li, and entrepreneur Qiao Wang from DeFi Alliance. Chinese state media is saying the BTC bull market may cause long-term downward pressure on...Read More
