BlockChain

  • Bitcoin price suddenly drops 11% as whales move BTC to exchanges
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    A Bitcoin price correction to $17,250 fulfills analysts' expectations as $20,000 all-time highs prove difficult to overcome. Bitcoin (BTC) dropped $1,000 in minutes on Nov. 26 as a long-awaited pullback hit the market at close to $19,500.BTC price hits $17,250 lowsData from Cointelegraph Markets and TradingView showed BTC/USD experiencing major… Read more »
  • Cambridge and Oxford teams compete in algorithmic crypto trading contest
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    Teams representing the maths and science departments of the universities of Cambridge and Oxford are competing to design cryptocurrency trading algorithms. More than one dozen teams representing the mathematics and computer science departments of Oxford and Cambridge universities are competing to build crypto trading algorithms on major exchanges Coinbase Pro… Read more »
  • Bitcoin fees remain low despite price surge but Vitalik says they could soar
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    Bitcoin transaction fees are less than 10% of their 2017 highs, but Vitalik Buterin believes it’s only a matter of time before they soar back up. Despite Bitcoin’s surge to re-test its 2017 highs, a combination of low on-chain transactions and diminished retail speculation has seen transaction fees remain low.The… Read more »
  • New analysis suggests Satoshi Nakamoto was a Londoner
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    A new take on an old investigation potentially sheds light on the whereabouts of Satoshi Nakamoto — at least while he was working on Bitcoin. A new report has determined that London was the most likely place Satoshi Nakamoto worked on Bitcoin between 2008 and 2010. Report author Doncho Karaivanov… Read more »
  • Judge rejects motion to freeze Cred's crypto assets in bankruptcy case
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    A U.S. bankruptcy judge has rejected a motion to freeze the assets of beleaguered crypto lending service that was filed by its users. U.S. Bankruptcy Judge John Dorsey has denied an emergency motion filed by 15 customers of the embattled crypto lending firm Cred Inc. to freeze crypto assets held… Read more »
  • Australian government embraces blockchain with new trial and public servants' network
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    Following the launch of a nationwide APS blockchain network for federal, state, and local staff, Australia has launched an international blockchain trial with Singapore. The Australian government is trialing the use of blockchain technology for inter-government document exchanges with Singapore as the latest action in a series of pro-blockchain efforts.… Read more »
  • Overexposed: DeFi indexes aren't as diversified as you think
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    Research has found overexposure to a few 'blue chip' DeFi tokens is an issue for indexes. New research suggests that indexes based on decentralized finance tokens lack diversification which is less than ideal for advanced investors seeking to mitigate risk.Indexes are a very popular way to get broad exposure to… Read more »
  • Coinsquare exchange adds new board members
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    The additions to the board follow the confirmation of a new CEO, CCO, and COO in August. Coinsquare, a crypto exchange that has been under the scrutiny of Canadian regulators following allegations of wash trading, said it will be adding two new members to its board of directors.In a Nov.… Read more »
  • PayPal suspends user for crypto trading using PayPal’s own service
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    The user’s funds are reportedly under a 180-day hold. A PayPal user reports their account has been restricted after they traded crypto too frequently using the platform.According to U.S.-based Reddit user TheCoolDoc, PayPal sent them a message stating that it had permanently limited their account “due to potential risk.” The… Read more »
  • Biden considering Gary Gensler for Deputy Treasury Secretary
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    The former CFTC chairman is currently working as a financial advisor for the Biden-Harris transition team. With 55 days until his inauguration as President of the United States, Joe Biden is reportedly considering the former chairman of the Commodity Futures Trading Commission for a permanent position in his administration. According to… Read more »
  • Lolli integrates ‘free Bitcoin’ functionality for eBay before Black Friday
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    Free Bitcoin is up for grabs for eBay shoppers thanks to a team up with Lolli. Online auction marketplace eBay is teaming up Lolli, a crypto-centric shopping app, to integrate Bitcoin (BTC) rewards for its 127 million users. Lolli announced Wednesday that its users can earn 1% back in Bitcoin… Read more »
  • Galaxy Digital CEO recommends investing up to 3% of one's net worth into Bitcoin
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    “Look at it in five years, and it’s going to be a whole lot more," opined Novogratz. With the price of Bitcoin continuing to test support around $19,000, Galaxy Digital founder and CEO Mike Novogratz recommends HODLing until 2025.In a Yahoo Finance Live interview published on Wednesday, Novogratz said that… Read more »
  • Deloitte: Financial institutions to boost future blockchain spending
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    A representative from the company expects 2021 to be "a breakout year for blockchain." Many financial institutions are poised to increase their blockchain spending in 2021, according to an upcoming survey from Deloitte titled "Financial Services Industry Outlooks 2020."Preliminary results shared with Cointelegraph indicate that 27% of the institutions surveyed… Read more »
  • Price analysis 11/25: BTC, ETH, XRP, BCH, LINK, LTC, ADA, DOT, BNB, XLM
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    Bitcoin and most major altcoins could consolidate for a few days before starting the next big move. The crypto market has been in a strong bull run over the past few days, and that has pushed Bitcoin (BTC) to its second-best day ever. Almost every trader now seems to be fixated on… Read more »
  • Facebook’s Libra hires former OCC prosecutor and central bank expert
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    The Libra Association has made a key hire in its pursuit of a new cryptocurrency and payments system. The Libra Association, which manages Facebook’s quiet cryptocurrency project, has appointed a general counsel to oversee the development of its forthcoming payment system. In an official press release, the Libra Association Wednesday introduced… Read more »
  • DoJ makes fintech giant sell Credit Karma's tax wing to Square before $7.1B acquisition
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    Intuit, which also owns TurboTax, is not allowed to control all consumer tax software, says DoJ. Per an announcement and series of filings on Wednesday, the United States Department of Justice is calling shenanigans on Intuit's ambitions, at least in part.Intuit owns a stable of user-facing finance software, including budgeting app… Read more »
  • Bitcoin faces this final resistance zone before $20K all-time high
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    Bitcoin is nearing its all-time high, but there is one remaining resistance area that buyers must push through. Bitcoin (BTC) traders are pinpointing the order books of major exchanges that show the $19,500 level is a near-term resistance level. Bitcoin rejects $19,500 for nowOn Nov. 25, Bitcoin price was rejected… Read more »
  • ‘Bitcoin Tuesday’ to become one of the largest-ever crypto donation events
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    Bitcoin Tuesday is aligning crypto awareness with public good in this one-day charity event. Bitcoin Tuesday, scheduled for Dec. 1, aims to become one of the largest cryptocurrency fundraisers in history. The Giving Block, a crypto donations company, has secured partnerships with over 120 nonprofits and 30 blockchain companies to spearhead… Read more »
  • US intelligence is looking at Chinese CBDC as a national security threat
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    The Director of National Intelligence wants to have the SEC’s leader briefed on the dangers of the U.S. falling behind in crypto. The United States national security apparatus is warning other agencies about China’s upcoming digital currency. On Wednesday, news outlet the Washington Examiner reported on a letter that National Intelligence… Read more »
  • Colombian Stock Exchange to use blockchain for OTC derivatives trading
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    The use of blockchain technology in Latin American stock markets is expanding. The Colombian Stock Exchange announced it is joining the Consorcio Colibrí, a private initiative that promotes the adoption of blockchain technology within the finance industry.As Cointelegraph Español reported on Nov. 18, Consorcio Colibrí was formed by major financial… Read more »
  • RSK-based DeFi protocol launches innovative decentralized exchange concept
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    Money on Chain is taking cues from gold market pricing for its DEX. DeFi protocol Money on Chain, a lending platform and stablecoin issuer based on Bitcoin (BTC) sidechain RSK, announced Wednesday the launch of TEX, an automated token swap platform based on an order book — with a unique… Read more »
  • VanEck launches physically-backed Bitcoin ETN on Deutsche Börse Xetra
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    After failing to get approval from the SEC in 2019, the investment management firm finally gets a Bitcoin ETP to market. After spending much of 2019 unsuccessfully lobbying to get its exchange-traded fund, or ETF, approved by the United States Securities and Exchange Commission, investment management fund VanEck has finally… Read more »
  • 2 counterarguments for CNBC’s Brian Kelly who sees a $19K Bitcoin top
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    CNBC “Fast Money” host Brian Kelly names three factors that could potentially cause a Bitcoin pullback to occur. CNBC Fast Money trader Brian Kelly sees three potential signs of a price top as Bitcoin (BTC) hits $19,000. Both fundamental and technical factors suggest a pullback could be imminent as the… Read more »
  • Economic justice doesn’t need the blockchain, say advisors to ‘The Squad’
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    Making digital cash work efficiently for public stimulus payments doesn’t require a detour through blockchain technology, in the view of U.S. progressives. American progressives, particularly the high-profile group of Congresswomen known as “the Squad,” have been highly vocal on questions of economic equity, the corrosive social impact of Big Tech… Read more »
  • South Korean government to delay crypto tax rules by three months
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    Following lobbying by the Korean Blockchain Association, crypto exchanges have extra time to implement a new tax infrastructure. The South Korean National Assembly is planning to delay the implementation of new income tax laws on cryptocurrency gains following appeals from industry bodies.According to a Nov. 25 report on Korean-language news… Read more »
  • A digital yen will make the crypto market ‘more lively,’ says Monex CEO
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    Oki Matsumoto, the head of Japanese financial services giant Monex, has welcomed the Bank of Japan’s recent interest in central bank digital currency. Earlier this fall, the Bank of Japan announced its plans to begin testing a central bank digital currency proof-of-concept in 2021. Further details of the institution’s approach… Read more »
  • Bison Trails launches QT protocol to help developers build on Libra
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    Libra Association founding member, Bison Trails, has released a QT protocol allowing developers to read and write data to Libra’s pre-mainnet using off-chain systems. Blockchain technology and staking service provider Bison Trail has announced the launch of its Query and Transactions Clusters, or QT, protocol to help developers build on… Read more »
  • Stellar Lumens doubles in price following upgrade
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    The launch of Stellar’s new protocol was received positively by the crypto market, coinciding in a 100% price rise for XLM across the last 48 hours. The price of Stellar Lumens (XLM) shot up 60% in the past 24 hours and crossed the $0.2 mark for the first time since… Read more »
  • 6,700 investors lock $10.5M in Oasis Network’s token-drop
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    The token drop for Oasis Network’s ROSE token has amassed a $10.5 million TVL and is now the second-largest offering on the U.S.-headquartered CoinList platform by number of participants. Initial token sale platform CoinList has revealed that more than 6,700 investors participated in Oasis Network’s “ROSE Garden” token drop.The ROSE… Read more »
  • Bitcoin price, altcoins and the Dow set record highs as bulls run the market
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    Bitcoin topping $19,400, altcoins rallying by triple digits and the Dow setting an all-time high at 30,000 show bulls are running all corners of every market. On Tuesday, the bulls showed that they are in full control of the crypto market as Bitcoin (BTC) rallied to $19,418.97 and several top… Read more »