End of Western Union Remittance Service to Cuba a Boon for Crypto
As new U.S. government measures that impose restrictions on remittances to Cuba becomes effective after November 22, Western Union, which has been operating in the island nation since 1999, will close shop. The new rule, which was published on October … read more.
Previous Bitcoin Bull Run Patterns Suggest Current Run Could See a $160K Top, Possible $25K Bottom
While digital currency markets have increased significantly in value a number of crypto asset proponents are wondering how far the next bull run will take them. For instance, the last three bitcoin bull runs saw different price spikes and significant … read more.
Christine Lagarde: ‘The European Central Bank Cannot Go Bankrupt or Run Out of Money’
In remarks that highlight flaws of the fiat currency system, the European Central Bank (ECB) president, Christine Lagarde, says the institution cannot go bankrupt even if it incurs losses running into trillions. According to Lagarde, normal bankruptcy rules do not … read more.
Hyperinflation and Rent Controls – 2020’s Telltale Signs of Economic Distress Haunts Many Nations
If history serves us well, 2020 is likely a precursor to a long and dreadful economic depression throughout a myriad of countries worldwide. During the last year, economists and analysts have been discussing how specifically the United States economy and … read more.
XRP Price Climbed 123% in 30 Days, Spark Token Airdrop Pushes Value Higher
During the course of the week digital currency markets have seen colossal gains and one crypto asset, in particular, XRP, has jumped significantly in value over the last seven days. The distributed ledger token XRP climbed 25% upwards on Tuesday … read more.
Ethereum 2.0 Deposit Threshold Met: Proof-of-Stake ‘Beacon’ Chain Starts in 7 Days
The Ethereum network’s ETH 2.0 contract has crossed the threshold needed to initiate the upcoming upgrade. Currently, there’s more 694,368 ether worth over $422 million resting in the contract, as developers hope the proof-of-stake launch will begin on December 1. … read more.
Hackers Paradise: Yet Another Defi Protocol Exploited for Nearly $20 Million in DAI
Decentralized finance (defi) protocol Pickle Finance was hacked for $19.7 million of the stablecoin DAI over the weekend, as the defi industry appears to be turning into a hackers paradise. Pickle’s native token (PICKLE) plunged 62% on the news, falling … read more.
John Lennon’s Son Says Bitcoin Empowers People, Gives Him Optimism in Ocean of Destruction
Sean Ono Lennon, the son of the Beatles’ John Lennon, says bitcoin gives him optimism amid the “ocean of destruction” this year. He believes that the cryptocurrency empowers individuals the way they have never been empowered before. Bitcoin Gives Sean … read more.
New Research Suggests Satoshi Nakamoto Lived in London Creating Bitcoin
The hunt for the mysterious Bitcoin inventor, Satoshi Nakamoto continues to this day, as new data-driven research has been recently deployed in order to figure out the creator’s location while he/she or they worked on the network. The researchers analyzed … read more.
Former Microsoft Engineer Says Nigerian Expatriates Are Using Bitcoin to Circumvent Country’s Overvalued Exchange Rate
A former Microsoft software engineer and co-founder of Buycoins Africa Tomiwa Lasebikan says some Nigerians expatriates are now using bitcoin to circumvent the country’s overvalued exchange rate when sending remittances. According to Lasebikan, the Central Bank of Nigeria (CBN)’s fixed … read more.
Asset Manager Vaneck Launches Physically-Backed Bitcoin Exchange-Traded Note
On November 25, the asset manager Vaneck announced the launch of an exchange-traded product (ETP) called the “Vaneck Vector Bitcoin ETN.” The exchange-traded note is physically-backed by bitcoin and listed on the trading exchange Deutsche Böerse Xetra. The newly listed … read more.
Major Australian Investment Firm Moves From Gold to Bitcoin
A billion-dollar Australian investment management firm has gotten into bitcoin, citing that the cryptocurrency is superior to gold. Many of the firm’s clients have been asking about investing in bitcoin. “We have been positioning in gold for our clients for … read more.
Mike Novogratz: Everyone Should Put 2% to 3% of Their Net Worth in Bitcoin
Bitcoin bull and Galaxy Digital CEO, Mike Novogratz, says bitcoin is for everyone. He argues that those committing 2% to 3% of their net worth to this digital asset today will see substantial gains in five years. Novogratz adds that … read more.
Spending Sats: A Look at This Year’s Bitcoin Black Friday Deals
Every year the shopping holiday called Black Friday allows consumers to get better deals on products and services. On November 24, the day also known as ‘Bitcoin Black Friday’ will provide crypto users access to deals when they purchase items … read more.
Renowned Finance Youtuber Andrei Jikh Invests Over $100K Into Cryptocurrencies
The popular Youtuber Andrei Jikh published a video this week to his 978,000 Youtube subscribers explaining that he invested over $100,000 into crypto assets. Jikh details why he spent the funds on digital assets and he plans to share his … read more.
$100 Million Liquidated on Defi Protocol Compound Following Oracle Exploit
Lenders on decentralized finance (defi) protocol Compound on Thursday got liquidated for a massive $103 million, according to analytics provider Loanscan. This happened after what appears to be an oracle exploit on the Dai stablecoin. An apparent error or malicious … read more.
Algorithmic Bitcoin and Ethereum Social Attention List Ranks Influencers With Math
On November 19, Hive.one, a project that maps the community clusters of Bitcoin and Ethereum social status using mathematics, announced the launch of a new algorithm version. Since the last time Hive.one published a list, social influencer scores and ranks … read more.
A Step-by-Step Guide to Splitting ABC Fork Tokens from Bitcoin Cash
On November 15, the Bitcoin Cash blockchain underwent a scheduled upgrade but also the chain saw a consensus split, and the network bisected into two. After the split, numerous users have been looking for methods in order to split their … read more.
Chinese Police Seize $4.2 Billion in Multiple Cryptocurrencies From Plustoken Ponzi Clampdown
Chinese police have seized more than $4.2 billion worth of crypto assets in its clampdown against the Plustoken Ponzi scheme. According to a court ruling made public on Nov. 26, and shared by The Block, law enforcement confiscated a total … read more.
Researcher Publishes Never Before Seen Emails Between Satoshi Nakamoto and Hal Finney
Just recently three previously unpublished emails from Bitcoin’s inventor, Satoshi Nakamoto, have been made public. The emails reveal the correspondence between Satoshi and the early Bitcoin developer Hal Finney. The communications between Nakamoto and Finney stem from November 2008 and … read more.
Veteran Analyst Says BTC Might See Further Correction but ‘Prices Have Not Topped’
Following bitcoin’s sharp pullback on November 26, renowned trader Peter Brandt says BTC is likely to see a further correction, although he thinks prices have not topped. The comments follow the massive sell-off of cryptos that resulted in traded volumes … read more.
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Author: Kevin Helms