The Ethereum community was elated by the announcement of the deposit contract on 4 November, although it had been deployed three weeks prior to the same. Along with the announcement of deposit contracts, the team also released v1.0.0 of the spec with some minor updates. According to Ben Edgington’s latest update, the funds for the...Read More
When Bitcoin was launched back in 2009, experts believed that it was launched to tackle the global financial crisis. The banking crisis was at the heart of it, and Satoshi’s vision may have been to decentralize what we know as money. Despite regulatory clampdown in the first 7 to 8 years of its existence, Bitcoin,...Read More
While DeFi was the talk of the town months ago, the hype around Decentralized Finance seems to have died down lately. This, in turn, has reflected badly on the price action of many DeFi tokens, many of which surged just a few months ago. Synthetix Network Token [SNX] is a case in point. After having...Read More
Bitcoin’s price rallied from $15,500 to $16,000 in less than seven days. Based on data from CoinMarketCap, the last time the price crossed $16,000 was way back in January 2018. However, notwithstanding Bitcoin’s recent price performances, the hype around the hike in 2018 was much higher than the one we are seeing today, in 2020....Read More
The process of ‘going public’ for any firm or entity can be best described as the pinnacle of success, an achievement that requires more capital to remain successful. Now, an IPO-based company in the digital asset field is a rare sight, but a DCG IPO might have the potential to prosper, if it ever decides...Read More
xBTC is in the news today after it announced its integration with Chainlink to launch a new product type that will use Chainlink oracles to dictate a token’s economics. This integration will create a spot price for a data point that has never before had a spot price – Bitcoin Market Cap Dominance (BMCD). That’s...Read More
The Bank of England’s deputy governor Jon Cunliffe reportedly said that England’s central bank was not going to ensure that mainstream banking business would remain relevant or not when future digital currencies launch. Cunliffe said in a report: Our job is not to protect bank business models. Banks will have to adjust. Our job is...Read More
Electrum-based malware scam was once again highlighted by Whale Alert tracking service by drawing attention to a payment made to an address used by Electrum malware. According to the tweet, the payment involved 2.042 BTC worth about $32,876 at that time. 🚔 A payment of 2.042 #BTC (32,876 USD) was just made to a confirmed...Read More
Hacked crypto exchange Cryptopia’s assigned liquidator, Grant Thornton New Zealand shared a follow-up update for Cryptopia account holders stating that “due to an error” by court staff at the Christchurch High Court, certain customer data “had been provided to an unauthorized third party.” The liquidators believed that this third party could try to use this...Read More
There are quite a few unfortunate stories of people that lost their Bitcoin forever as a result of using questionable means of storing their crypto. A notable example being James Howell, who lost $127 million worth of Bitcoin in 2017 and was unable to reclaim it. According to a report, Howell mistakenly placed the drive...Read More
Founder and CEO of Galaxy Digital, Michael Novogratz announced today that the firm’s OTC Trading business has had its best quarter yet. The CEO said: We’ve taken several key steps forward in the second half of 2020, including making critical senior hires, expanding our capital base, and completing strategic actions to position Galaxy Digital for...Read More
Bitcoin’s correlation with gold has inspired many narratives over the past eight weeks. However, the correlation may be deeper than popular opinion. The halving mechanism that is coded in the asset itself, drives its shortage of supply and reduces mining rewards in half every four years. Why is the chosen number of years, specifically four?...Read More
Michael Sonnenshein, Managing Director at Grayscale Investments said in a tweet today that the Grayscale team has raked in over $115 million in bitcoin alone. The exec also pointed out that this amount came to Grayscale all in a day, yesterday, on 12 November. According to the tweet: the @Grayscale team raked in over $115...Read More
For many, Bitcoin is more than just a cryptocurrency. For most, Bitcoin is THE cryptocurrency. Why is this so? Well, there are many reasons, but the primary reason usually given by proponents is that it is the world’s biggest and its oldest. Fair enough, but is that all there is to that? Well, not quite,...Read More
Following the payment protocol – Ripple’s recent launch of its new beta service – dubbed Line of Credit, Ripple could now be working towards introducing a new product. One Twitter user and a dedicated XRP fan found that Ripple has registered a trademark for what could be its new product called “PayString.” The mark consists...Read More
Offering a high-level summary of progress, Goguen and Cardano project managers, Dimitris Poulopoulos and Volodymyr Hulchenko stated that things were progressing well. Last month’s Cardano update involved a live demo of the ERC-20 convertor and Charles Hoskinson describing the Native Asset Standard as a way of treating tokens on Cardano as ‘first-class citizens’. It seems...Read More
In September, Binance had released Launchpool service which enabled users to acquire new tokens in return for staking Binance coin [BNB], Binance USD [BUSD], and other tokens. The exchange has been adding projects to this list and the newest addition has been the Unifi protocol. On 13 November, Binance announced the listing of Unifi’s global...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
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
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
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
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
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
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
Commodities trader and analyst Peter Brandt said on Twitter that XRP would have been deemed a security if the US Securities and Exchange Commission (SEC) regulators completely understood the workings of cryptocurrencies. Brandt published his XRP stance in response to a comment by one Twitter user going by the name of Rexiby crypto, who claimed...Read More
