In light of the anticipated October 31, which marks 12 years since the Bitcoin Whitepaper was released, many in the crypto community sought to celebrate the occasion. Blockchain cybersecurity firm, Halborn, even produced a video with several celebrities wishing Bitcoin a ‘Happy Birthday’. The list of celebrities celebrating ‘Bitcoin’s Birthday’, included David Hasselhoff, Gilbert Gottfried,...Read More
The aggregate open interest in Bitcoin futures is up 43% since the beginning of October. Based on data from Skew, cyclical drops in Bitcoin’s open interest on top derivatives exchanges occur every 45-50 days. BTC Futures Aggregated open interest || Source: Skew In the past year there were 3 peaks of open interest above $5.5...Read More
Subject to approval of the Canadian Securities Exchange (CSE), INX Limited said today that it will apply for the listing of its digital security, the INX Token on the CSE, according to a release shared with AMBCrypto. If it is approved, CSE will be the first of many other exchanges that will join and list...Read More
A fully owned subsidiary of the private Russia-based Gazprombank (JSC) bank announced that it has received authorization from the Swiss Financial Market Supervisory Authority (FINMA) to provide cryptocurrency custody services as well as trading between crypto and fiat currencies to its corporate and institutional clients. Gazprombank said it would first provide these crypto-focused services to...Read More
Binance has announced the issuance of wrapped tokens on Ethereum through its Token Canal program. According to the announcement the first batch of tokens to be wrapped into ERC20 tokens on Ethereum will be Bitcoin [BTC], Polkadot [DOT], Filecoin [FIL], and WazirX [WRX]. “BTC, DOT, FIL and WRX will be the first batch of tokens...Read More
According to reports, the Chinese technology giant, Huawei has launched a smartphone that has a built-in hardware wallet for China’s Central Bank Digital Currency (CBDC). In a recent press conference, Yu Chengdong, Huawei’s CEO for the consumer business group, said that Mate 40 is the first smartphone that enables a hardware wallet for China’s digital...Read More
BitMEX has been paying special attention to its clients’ needs as it added more coins to its list of derivatives products. It started expanded its list of Quanto Futures in 2020 with the addition of ETHUSD Quanto Futures back in April, and ever since, other altcoins like Chainlink [LINK] and Tezos [XTZ] have managed to...Read More
Cardano just released the Goguen Roadmap, with most parts scheduled for delivery at the end of February 2021. Source: October Cardano monthly update With the rollout of Goguen, Cardano is becoming a smart contract platform. There is a shift from focusing on transactions alone to becoming a utility platform for partnerships, enterprises, and commercial applications...Read More
Basing its allegations on a “leaked document,” Forbes published a report today that claimed major crypto exchange Binance was “intentionally” deceiving US regulators. The report stated that: Binance Holdings Limited, the world’s largest cryptocurrency exchange conceived of an elaborate corporate structure designed to intentionally deceive regulators and surreptitiously profit from crypto investors in the...Read More
Governor of Bank of Canada, Tiff Macklem revealed today that the central bank was working with its G7 partners towards its own digital currency. The Governor also highlighted a need for a “globally coordinated” approach to developing CBDCs in order to keep criminals away from using such tools. Earlier this month, a group of seven...Read More
Bitcoin has seen its hash rate decline over 43.47 % within a span of 3 days, due to Chinese mining farms closing down for the dry season. The reason being, they cannot generate enough hydropower without the rain along with a spike in electricity costs. Bitcoin hashrate has dropped by ~45% over past 3 days,...Read More
A Chinese court in the city of Yancheng denied an appeal made by four convicts behind the $1.1 billion WoToken Ponzi scheme according to a court ruling published. The judgment stands that these convicts will be sentenced to prison for a duration between 2.5 and 8.8 years. Chinese law enforcement has also seized illegal proceeds...Read More
Bitcoin equaled its 2019 highs by retesting $13,880 over the past 24-hours. While most of the market is currently rejoicing Bitcoin‘s current price of $13,000-$14,000, there might be a little bit of unrest between CME Futures and Options traders. A bullish trend can never be bad for the derivatives market but at the moment, CME...Read More
After cryptocurrency exchange Binance said that it would fund 5 DeFi projects, the firm has announced today that it will now be funding the second batch of blockchain projects as part of its $100 million accelerator fund, which was launched in September this year. Altogether, the fund now supports 11 projects that will build on...Read More
Fidelity Digital Asset Services (FDAS), the crypto subsidiary of asset manager Fidelity Investments partnered with the regulated Singapore-based investment manager, Stack Funds, to facilitate the increasing demand in cryptocurrencies among Asian investors with Stack Funds providing its clients with access to custody services at FDAS. Stating that this new partnership would help the company understand...Read More
While Altcoins are struggling to improve by a buck, Bitcoin registered its new 2020 high recently. Leading a serious sense of awakening in the space, the developments elsewhere have been instrumental as well. However, keeping price out of the picture, Bitcoin’s demand is now improving in a multi-directional facet, here’s how. Investment Demand and Fundamental...Read More
Cardano had been working on the Daedalus wallet update 2.4.0 for a long time now and was working on the final stages of Trezor hardware wallet integration. After much work, the team has finally released the new Daedalus 2.4.0 which will continue to improve the Cardano delegation user experience. According to @InputOutputHK, the new update...Read More
Prominent cryptocurrency exchange Gemini announced its partnership with the tax compliance firm Taxbit on Thursday. This step was taken by the exchange to automate and optimize crypto tax reporting. According to the announcement: “When Tax Center Suite is fully implemented on Gemini, customers in the United States will be able to download a completed tax...Read More
Many cryptocurrency projects have been working on financial inclusion and Ethereum Classic recently announced a step towards it. On 28 October, ETC labs and ChainSafe Systems announced the launch of a new bridge between Ethereum [ETH] and Ethereum Classic [ETC], with a focus on bridging the Dai stabelcoin to ETC. According to the announcement: “This...Read More
A tweet by the VP of Futures at Binance, Aaron Gong, addressed an apparent attack on the liquidity of USDETH Perpetual Futures. Source: Twitter As per the tweet by Gong, Binance believes this to be ‘intentional sabotage’ from a competitor and stated that, “This happened on ETHUSD Perp futures. It was caused by one trader,...Read More
Founder and CEO of business intelligence firm MicroStrategy, Michael Saylor said in a tweet today that he personally holds 17,732 BTC which he bought at $9,882 each on average. In addition to declaring his personal BTC haul, Saylor said that he had informed MicroStrategy about his personal BTC investment before the company decided to buy...Read More
Major crypto exchange Coinbase announced today that its customers in the US can now join a waitlist to acquire a Coinbase Card – which is a Visa debit card – that allows its customers to spend crypto for payments and purchases online and in-store -anywhere that Visa is accepted. The Coinbase Card which is already...Read More
Grayscale’s recent Bitcoin Investor study has been painting a good picture for Bitcoin in terms of adoption. More than half [55%] of the United States investors were interested in Bitcoin investment products in 2020, compared to 36% observed in 2019. Major reasons for this boost have been the pandemic pushing people to sought to new...Read More
New York-based regulated cryptocurrency exchange Gemini announced today that it will now allow its users to buy and trade all available cryptos with euros on its mobile and website: Crypto is going Global. @Gemini now supports Euro ($EUR) 🇪🇺 deposits and trading as well as Great British Pound ($GBP) 🇬🇧 deposits and trading across all...Read More
Andreessen Horowitz the venture capital firm founded by Marc Andreessen and Ben Horowitz today announced its newest operating partner – (former) chief regulatory officer of the New York Stock Exchange, Anthony Albanese. The NYSE executive who has been working with regulators at the state, federal, and international levels since 2016 will be advising a16z’s crypto...Read More
Bitcoin’s identity is myriad; it is a store of value, uncorrelated asset, safe haven, etc. For each of these terms, there is a story and reason behind it. For now, let’s focus on it being an uncorrelated asset and a store of value. In the previous article, we’ve explained why bitcoin is largely a retail-driven...Read More
From Microstrategy’s $500 Million investment in Bitcoin to PayPal’s integration of crypto, in the past three months, we have seen it all. November 2020 is unlike any month since 2018. Bitcoin is trading above $13k and the top 10 altcoins have gained 10-12% in the past week. Additionally, BTC, ETH, and USDT reserves are the...Read More
On 28 October, SBI Holdings announced that Ripple Labs Inc’s decision to invest in Money Tap Co., Ltd, a subsidiary of SBI Holdings. The details of the nature of investment have not been made public, but through this partnership, Money Tap will develop new functions and services which will include “small-amount collection service and corporate...Read More
Huobi global expanded support for Visa and Mastercard credit and debit cards which will allow its users to make transactions on the platform itself without being redirected to a third-party portal, according to a release shared with AMBCrypto today. The new payment service is being provided by Huobi Technology, a regulated DLT firm by the...Read More
It seems the hacked funds from cryptocurrency exchange KuCoin will continue to grab attention, as the culprits involved have been trying to move the stolen crypto again. The crypto and blockchain tracking service Whale Alert published a tweet today indicating that 807 BTC (worth about $10,840,727 at the time of the transfer) of stolen funds...Read More
