Analysts at JP Morgan have argued against Bitcoin’s (BTC) value proposition as a competitor to gold, saying the largest crypto by market capitalization is not a suitable hedge during periods of market uncertainty. Bitcoin is Least Reliable as a Hedge During Market Crunches According to Bloomberg, JP Morgan strategists John Normand and Federico Manicardi have...Read More
Viewers of the giant gaming and entertainment brand, World Poker Tour, will be able to earn TFUEL tokens while watching poker content after WPT announced the integration of Theta Network. The partnership will also enable WPT to lower the video delivery CDN costs by 50% while increasing user engagement by employing Theta’s blockchain. Theta Integrated...Read More
Employees of the large provider of cloud migration, app development, and software engineering services, Sequoia Holdings, could start receiving their salaries in various cryptocurrencies. Some of the options include Bitcoin, Bitcoin Cash, and Ethereum. Founded in 2012, Sequoia Holdings, LLC is a provider of advanced analytic solutions, agile software development, cybersecurity products, and other IT-related...Read More
Lawyers representing the self-proclaimed Satoshi Nakamoto, Craig Steven Wright, have sent letters to two websites, asking them to remove BTC’s whitepaper. While bitcoin.org has refused to do so, noting that these claims are meritless, bitcoincore.org has deleted the whitepaper. CSW Lawyers Demand BTC Whitepaper Removal Popular Bitcoin contributor, going by the nickname “Cobra,” who was...Read More
Despite maintaining long-term bullish views on bitcoin, Guggenheim Partner’s Chief Investment Officer Scott Miner believes that the asset will not surpass its early 2021 top of $42,000 again. As such, he doubled-down on his short-term bearish perspective, saying that BTC could drop as low as $20,000. Is Bitcoin Heading For $20K? It’s safe to say...Read More
In a lengthy blog post titled ‘The State of Eth2’ lead developer Danny Ryan has published an update on progress made on Beacon Chain and what is in store for 2021. Ryan added that the separate designations of Ethereum imply a ‘false sequentiality’ in that one is being left behind for the other. Instead, the...Read More
The second-largest cryptocurrency might reach even higher summits, according to strategists from Fundstrat Global Advisors. They envision a bright future for Ethereum by predicting a five-digit price tag. A Possible Price Surge Up To $10,500 For ETH? According to a recent Bloomberg report citing Fundstrat Global Advisors LLC, the largest altcoin could multiply its value seven...Read More
The world’s largest asset manager, BlackRock, may start trading cash-settled Bitcoin futures. This is according to new filings with the US Securities and Exchange Commission (SEC). BlackRock is the world’s largest asset manager, with almost $8 trillion worth of assets under management last year. To put it in perspective – that’s almost 8 times the...Read More
The January 15th deadline passed, and, as somewhat expected, the parties in the NYAG v iFinex case are yet to conclude the production and submission of the requested documentation. As reported by CryptoPotato earlier, January 15th was a much-anticipated date regarding the case between the New York Attorney General’s office and iFinex – the parent company of...Read More
A survey compiled by the multinational investment giant Deutsche Bank concluded that more than half of investors believe bitcoin and US tech stocks to be the biggest market bubbles. Consequently, the participants, most of whom are professional investors, predicted subsequent corrections. Bitcoin Is The Biggest Market Bubble? The primary cryptocurrency has been on a tear...Read More
The privacy coin Firo, which is formerly known as Zcoin, is currently going through a 51% attack. The team is yet to share further details, though they’ve clarified that they are working with exchanges and pools at the time of this writing. Privacy coin Firo is currently going through what is known as a “51%...Read More
Janet Yellen is keeping true to form as a crypto critic and has linked cryptocurrencies to terrorist financing and money laundering. Meanwhile, another report has emerged showing that virtual currencies only account for an insignificant proportion of global financial crimes. Yellen Espouses Well-Worn Crypto FUD Speaking during her virtual confirmation hearing before the U.S. Senate,...Read More
In its latest ‘State of the Network’ bulletin, industry data provider Coin Metrics has delved into altcoins and their impressive performance so far this year. It acknowledged that many of the hot altcoins that surged during the 2017 crypto boom are now ‘dead and gone’, and have been replaced by a new breed of DeFi...Read More
Despite being an underdeveloped region, Latin America sets an example for the whole world in terms of adoption, trading, and interest in cryptocurrencies. A recent survey revealed that more than 30% of Latinos are interested in investing in crypto, either to increase their wealth or at least to maintain its value in times of economic...Read More
UK’s National Health Service is planning the implementation of an Internet of Things project to build and manage COVID-19 vaccine provisions. The solution will use a pubic distributed ledger network – Hedera Hashgraph. Monitoring COVID-19 Vaccines Supplies Using DLT According to an official announcement, the UK’s National Health Service (NHS) will aim to digitally monitor its...Read More
A Hong Kong woman has fallen victim to a gang of robbers after conducting a crypto transaction worth almost $450,000. Gang of Four Steal $450K From Hong Kong Crypto Trader According to a report by the South China Morning Post, a female crypto trader was held at knifepoint by a gang of thieves, who stole...Read More
Trading above $35,000, Bitcoin continues to pass milestone after milestone as reports show that the cryptocurrency received the most capital inflow this month compared to tech stocks and traditional investments. Long Bitcoin Wins Most Crowded Trade A recent survey conducted by the Bank of America on fund managers with over $500 billion in AUM reveals...Read More
Cryptocurrency traders that want to benefit from the infamous market volatility would be able to do so by taking advantage of COTI’s recently launched Crypto Volatility Index (CVI). Users will be able to place positions in anticipation of significant fluctuations in either direction. The First Decentralized Crypto Volatility Index COTI is a blockchain project that...Read More
The leading digital asset manager Grayscale continues to tighten its grip on the bitcoin supply. According to recent estimations, the company now owns over 3% of all the 21 million BTC that will ever exist. Grayscale’s BTC Domination Launched in 2013, Grayscale is the largest cryptocurrency asset manager with over $27 billion in assets under...Read More
The cryptocurrency asset manager announced the release of a new Bitcoin exchange-traded product (ETP), in which every unit will be backed by 0.001 BTC. The custodian will be a joint venture developed by CoinShares, Nomura Holdings Inc, and Ledger. According to a Bloomberg report, CoinShares’ newest Bitcoin-related product will go live today – January 19th,...Read More
Amid the recent warnings issued by the UK Financial Conduct Authority on crypto scams, the giant asset manager Ruffer Investment has defended its decision to allocate about 2.5% of its portfolio in BTC. The UK-based company with over $27 billion AUM said that bitcoin’s adoption is still early as most investors are “desperate” for alternative...Read More
The legal battle comes as the Aussie man allegedly suffered significant losses in his crypto business after the banks, Westpac and ANZ, shut down his accounts, local media reported Monday. According to the proceedings filed at the ACT Civil and Administrative Tribunal, Allan Flynn alleged that the banks’ action was illegal as they closed his accounts...Read More
Bitcoin has to endure and overcome the $40,000 boundary in order to avoid a consequent major price correction. JPMorgan strategists say that otherwise, the major cryptocurrency might suffer investment outflow. The $40K Is the Key to Future Prospects for BTC According to a JPMorgan Chase & Co report, cited by Bloomberg, this level is an...Read More
Iranian authorities have confiscated 45,000 bitcoin mining rigs that used subsidized electricity to mine the cryptocurrency. This is yet another considerable seizure in the Middle East country, which has experienced frequent blackouts that the government blamed on BTC mining. 45,000 BTC Mining Machines Confiscated In Iran Local media outlets reported that the police had seized...Read More
The cryptocurrency market has enjoyed the past several months with impressive gains, including all-time highs for bitcoin and several more tokens. As such, a couple of crypto analysts initiated Twitter polls to ask the community when they plan to sell their positions and realize profits. How Much Would You Sell At The Next BTC Top...Read More
China is preparing a consequent major take on blockchain adoption. The country is developing a new project aimed at integrating international central bank digital currencies (CBDC) as a part of their recent blockchain endeavor, the BSN. Building a Universal Digital Payment Network as part of 2021 Outlook The country’s national blockchain project, Blockchain Service Network...Read More
Mike Novogratz’s Galaxy is planning a significant leap into the Bitcoin mining sector. Galaxy Digital Mining will be the designated new fraction of the investment company. The upcoming project will reportedly focus on establishing a new business body aimed at providing financial services for miners. Delivering Financial Services to Miners According to an official press release,...Read More
Nearly $5 billion in bitcoin could make their way back to Mt. Gox users following a deal between creditors and CoinLab. Nevertheless, the agreement is still reportedly subject to creditor acceptance. Bloomberg reporter Matt Leising offered a brief explanation of the story earlier today, noting that CoinLab has reached a deal with Mt. Gox creditors...Read More
This week was very intensive in the cryptocurrency market. It’s perhaps safe to say that it was among the most tumultuous ones we’ve had in the last few months. Everything started calmly, and during the weekend, the price hit an all-time high value of $42,000. The excitement was short-lived, as immediately after that, bitcoin went...Read More
Blockchain intelligence firm Chainalysis has tracked simultaneous Bitcoin (BTC) donations to wallets associated with right-wing extremist groups in the U.S., which might have helped fund the recent riot at the U.S. Capitol. The news marks yet another pivot towards pseudonymous money transfer means by alt-right groups in the U.S. Alt-Right Agitators Received $500K in Bitcoin...Read More
