BitMEX Parent Names Höptner as New CEO

Höptner comes from Börse Stuttgart GmbH and Euwax AG, where he has been CEO since 2018.

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Bitcoin Exchange Backed by Pomp, Song and Woo Removes Trading Fees to Contend With Coinbase, Gemini

Upstart crypto exchange LVL wants to take on U.S. giants by removing trading fees. The move comes as bitcoin touches new all-time highs.

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Crypto Version of ‘Giving Tuesday’ Returns With 10X as Many Charities

While only 12 non-profits had signed up for the event last year, crypto donations platform The Giving Block said that over 120 such organizations will be taking part in this year.

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Coinbase Reports Delays in Processing Bitcoin Withdrawals Due to Network Congestion

The delays come on a day when the price of bitcoin surpassed its all-time high.

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Market Wrap: Bitcoin All-Time High Tops Out at $19,850 as Ether Options Market Goes Mega-Bullish

A combination of volume, derivatives action and infrastructure improvements led bitcoin’s price to go where it hasn’t gone before. Ether is looking supremely bullish, too.

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Riot, Marathon, Canaan See Record Monthly Share Gains as Bitcoin Clears All-Time High

Mining companies are soaring as bitcoin hits record highs.

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Bitcoin’s All-Time High Price Rally Is Sustainable. Analysts Explain Why

After bitcoin's price hit its previous all-time high in 2017, it fell. Analysts explain why the latest rally will be different.

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5 Reasons Why Bitcoin Just Hit an All-Time High Price

Growing investor interest, central bank money printing and PayPal's entree helped push bitcoin prices above their previous December 2017 record.

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Bitcoin Trading Fees on PayPal, Robinhood, Cash App and Coinbase: What to Know

With bitcoin’s price hitting a new all-time high on Monday, retail investors will inevitably want to get in on the original crypto asset.

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Stablecoins ‘Pose Serious Risks’ to Financial Security, ECB’s Lagarde Says

Stablecoins could "threaten financial security" if widely adopted, the ECB head said in a magazine interview.

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Bitcoin Hits a New All-Time High: What Happens Next?

Why a price surge is not only attracting a new cadre of institutional investors, but also producing the beginnings of a new set of FUD.

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US Justice Department Extradites Alleged Co-Founder of Crypto Ponzi Scheme From Panama

The accused, Gutemberg Dos Santos, has been charged in an indictment and was extradited from Panama on Nov. 25.

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Canaan Reports $12M Q3 Loss, Says There’s ‘Rebounding Demand’ for Mining Machines

Mining hardware manufacturer Canaan Creative reported a Q3 net loss of $12.7 million, or 54 cents per share, more than quadruple the size of Q2’s $2.38 million loss, or 10 cents per share.

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Blockchain Bites: Bitcoin All-Time High Puts It on Pace for Highest Monthly Close

PLUS: Anonymous developers have forked a seemingly dead project to launch DeFi’s latest stablecoin.

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Investment Giant AllianceBernstein Now Says Bitcoin Has Role in Investors’ Portfolios

The research arm of the New York-based asset manager now recommends bitcoin as part of an investment portfolio.

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Bitcoin Price Sets New Record High Above $19,783

After nearly three years of waiting, bitcoin investors can celebrate the cryptocurrency reaching a new record high.

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First Mover: You Call That a Record? Bitcoin’s November Gains Are 3x Stock Market’s

It's no longer really news when bitcoin outperforms traditional markets, but November could prove a crucial month for the largest cryptocurrency. 

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Coronavirus-Induced Poverty Will Bring More Bitcoin Crime in 2021: Kaspersky Report

The cybersecurity specialist foresees a rise in crypto crime ahead in 2021, as the COVID-19 epidemic hits national economies.

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Despite 12% Crash, Bitcoin Looks Set to Make Highest Monthly Close Ever

A record monthly close could be a harbinger of more profound price gains to come, according to analysts.

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Bolivian Cattle Ranch Will Be Tokenized to Open Up Business to Investors

The token is being claimed as the first blockchain-based financial instrument in Switzerland to hold an International Securities Identification Number.

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Ethereum Classic Activates Thanos Upgrade, Increasing Access for GPU Miners

The Thanos upgrade is aimed to allow more miner participation and thus increase security.

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Pizza Hut Venezuela Now Accepts Crypto Payments

The Venezuelan arm of the restaurant chain now accepts dash and bitcoin through CryptoBuyer.

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‘Basis Cash’ Launch Brings Defunct Stablecoin Into the DeFi Era

With Basis Cash, a team of anonymous developers is making what might be called a fork of a project that never launched.

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Crypto Long & Short: How Bitcoin Development Is Evolving – and What’s Behind It

Bitcoin price spikes grab headlines, but the asset's long-term value depends on its developers – and what drives them.

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Bilateral Saudi, UAE Digital Currency Experiment Shows Benefits of Distributed Ledgers, Central Banks Say

A joint Saudi and UAE CBDC pilot found that a distributed payment system offers “significant improvement over centralized payment systems.”

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How Bitcoin Gets to $100,000

Another look at the bitcoin valuation models that could possibly lead to a six-figure bitcoin valuation over the course of the next year.

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Guggenheim Fund Files to Be Able to Invest Up to Almost $500M in Bitcoin Through GBTC

The Guggenheim Macro Opportunities Fund will now be able to invest up to 10% of its net asset value in the Grayscale Bitcoin Trust.

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Yearn Merges With Cover, DeFi Protocol’s 4th Deal in a Week

Yearn is “joining forces” with market coverage provider Cover, capping a busy week for the decentralized finance (DeFi) protocol.,

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What Janet Yellen as Treasury Secretary Means for Bitcoin and Markets

NLW looks at price action in crypto, the ETH 2.0 Beacon chain launching Dec 1, the Dow at 30,000 and Janet Yellen’s nomination as Treasury secretary.

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Ripple Is Cashing Out a Third of Its Stake in Surging MoneyGram

It is its first such sale of MoneyGram stock since the startup invested in the remittance giant in 2019.

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Curve Finance Votes to Disperse $3M in Fees to Governance Token Holders

The community vote was an exercise in decentralized governance for a protocol not unfamiliar with meeting community demands.

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Bitcoin’s Carnivore Cult Is Both Stupid and Correct

Do Bitcoin fans gravitate toward steak so often because they view themselves as cowboys, or because they’re just health-conscious?

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NYT Reports Allegations of ‘Racist or Discriminatory’ Treatment of Employees at Coinbase

The NYT critique of Coinbase’s internal diversity policies quotes former employees who complain of “racist or discriminatory” treatment.

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ENCORE: Luke Gromen on the History and (Declining) Future of the Global Dollar System

As some start to wonder about a post-Bretton Woods economic system, macro analyst Luke Gromen explains how that post-World War II system came to be.

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Crypto Custodian Copper Aims to Bridge Gap Between DeFi and Traditional Finance With New Tool

The new tool, CopperConnect, covers the "DeFi lifecycle" as an asset moves from custody to smart contract and back.

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Industry Pros Weigh In on Rumors of New Crypto Wallet Regulations

From shorter consultations to insider comments, recent rumors about U.S. regulation of private crypto wallets have some compelling context.

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Bank of Russia Fields Banking Industry Concerns Over Digital Ruble Proposal

Russian banks fear being left out of the central bank's proposed digital currency system, according to a report.

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Canada-Listed Investment Firm Sells All Its Ether, Monero to Buy More Bitcoin

Cypherpunk Holdings says it financed additional bitcoin purchases with the "full liquidation" of positions in monero and ether.

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Huobi-Branded Crypto Exchange Launches for Malaysian Market

Huobi Labuan said it's been licensed in Malaysia for a nine-month trial period of cryptocurrency spot and derivatives trading services.

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Quick Bitcoin Price Recovery Looks in Doubt as Whales Move Coins Onto Exchanges

"Whales are transferring bitcoin to exchanges. The cryptocurrency may trade in a sideways-to-negative manner," said one analyst.

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Chinese Authorities Have Seized a Massive $4 Billion in Crypto From PlusToken Scam

Cryptocurrencies worth billions of dollars have been seized during the police crackdown on the PlusToken Ponzi scheme in China.

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Crypto Exchange Upbit Brings in Withdrawal Delay in Bid to Tackle Fraudsters

The South Korea-based exchange has announced a 24-hour cryptocurrency withdrawal delay in an effort to protect user accounts from malicious attacks.

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China’s Xi Asks ASEAN Nations to Join in Building of ‘Digital Silk Road’

Xi Jinping pushed for digitally enhanced trade among Southeast Asian nations in a keynote at the China-ASEAN Expo on Friday.

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Facebook-Led Libra Plans Dollar-Pegged Stablecoin Launch in January 2021: Report

Libra might eventually get off the ground as early as January albeit in a more limited format.

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XRP Rises More Than 30% as Altcoins Piggyback on Bitcoin’s Wave

The native asset of the XRP ledger has surged to 16-month highs.

from Search Results for “ripple” – CoinDesk https://ift.tt/3pLRCVY

Previously Unpublished Emails of Satoshi Nakamoto Present a New Puzzle

The emails between Satoshi and Hal Finney come from Bitcoin’s earliest days. They show how closely the cryptocurrency’s creator collaborated with early supporters at the time.

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Schmuck Insurance

A reading of one of the most enduring early investor arguments for bitcoin.

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Yes, You Can Spend Your Bitcoin This Black Friday

"Hodling bitcoin is still important, but to support a circular economy, we need both sides going.” Bitcoin Black Friday aims to do just that.

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3 Reasons Bitcoin Crashed by $3,000 – And Why It’s Still Bullish

Here's three main factors behind Thursday's bitcoin price crash.

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Coinbase, Others Go Down as Amazon Web Services Outage Takes Down Swath of Internet

Leading cryptocurrency exchange Coinbase and thousands of other platforms on the internet reported recurring interrupted service and pointed the finger at cloud provider Amazon Web Services, which experienced an outage.

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Coinbase Preemptively Rebuts Unpublished New York Times Expose

The letter pushes back at an unpublished article Coinbase says will allege Black employees had "negative experiences" while with the firm.

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Forget Boat Races, Oxford and Cambridge Students Are Competing at Crypto Trading

Students from both universities will take part in an algorithmic trading competition hosted by investor analytics firm APEX:E3.

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Russian Prime Minister Pledges to ‘Civilize’ Crypto Market and Prevent Scams

Changes to the law will bring Russia's crypto users more protections against fraud, said Mikhail Mishustin.

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Some Are Calling All-Time Highs for Bitcoin. Here’s Why CoinDesk Hasn’t Yet

In a fragmented global market, price quotes are all over the place. That's why CoinDesk created the Bitcoin Price Index (BPI) and is standing by it.

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How to Answer Your Family’s Bitcoin Questions This Thanksgiving

With bitcoin in sight of its all-time high, your no-coiner family and friends are sure to be full of questions this holiday season. CoinDesk has the answers you need, courtesy of a few well-placed friends.

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Long in China’s Shadow, the US Is Becoming a Bitcoin Mining Power Again

Following a string of investments, miners are increasingly optimistic about prospects for the U.S. market in 2021.

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Blockchain Bites: Coinbase Cuts Margin Trading, Binance Sweeps US Clients, OKEx Offers Rebates

Coinbase has also changed the way it will alert clients to relevant tax information.

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‘Bypass’ Attack in Coldcard Bitcoin Wallet Could Trick Users Into Sending Incorrect Funds

Bitcoin hardware wallet Coldcard is fixing a flaw that could trick users into sending bitcoin on the mainnet when they meant to use its testnet.

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Lithuania Makes Millions in First Sale of Seized Cryptocurrency

The sale of bitcoin, ether and monero brought in €6.4 million, or $7.5 million.

from Search Results for “Monero” – CoinDesk https://ift.tt/3731rGt

Blockchain Bites: XRP’s Rally, Chainalysis’ $1B Valuation, Bitcoin’s Volatility in Perspective

The U.S. government uses USDC to bypass Venezuelan blockades. Chainalaysis eyes a $100 million raise. BTC is less volatile than 22% of S&P500 stocks, VanEck finds.

from Search Results for “Monero” – CoinDesk https://ift.tt/361H11v

First Mover: Near Record Highs, Bitcoin May Have a Volatile Week

Bitcoin prices are near all-time high, while its one-month implied volatility metric has jumped to four-month highs.

from Search Results for “Monero” – CoinDesk https://ift.tt/3nPeNNd

CipherTrace Says Homeland Security Work Gave Rise to Monero-Tracking Patent Filings

CipherTrace has filed two patent applications it claims offer technologies that could help authorities in tracking monero transactions.

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Swiss Digital Asset Bank Sygnum Launches Blockchain Alternative to Stock Exchanges

The Swiss-licensed firm has launched a tokenization service and a trading platform, offering, it says, real-time settlement.

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OKEx Sees Biggest Bitcoin Outflow for 6 Months Soon After Resuming Withdrawals

About 2,822 bitcoins were moved from OKEx within 15 minutes of withdrawals restarting.

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OKEx Resumes Withdrawals 5 Weeks After Freeze

The cryptocurrency exchangeis now reopening withdrawals five weeks after services were suspended due to a missing key holder.

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Bitcoin Price Drops $1,000 Before Recovering in Sharpest Sell-Off in 3 Weeks

Bitcoin fell more than $1000 dollars, it's sharpest decline in almost three weeks, as panic gripped the markets.

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Coinbase CEO: Trump Administration May ‘Rush Out’ Burdensome Crypto Wallet Rules

Coinbase CEO Brian Armstrong publicly voiced concern that the outgoing Trump Administration may ram through onerous new data-collection requirements for crypto exchanges.

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Market Wrap: Bitcoin Loses Momentum at $19.4K; Ethereum Fees Increasing

Bitcoin’s price rise stalled out just before hitting $19,500 Wednesday. The Ethereum network’s fees are in an upswing.

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Galaxy Digital Bitcoin Funds Raise $59M as Institutional Cash Flows In

Galaxy Digital's institutional bitcoin fund raised an average of $1.6 million from its 33 unnamed investors.

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The Most Bullish Bitcoin Arguments for Your Thanksgiving Table

This year, come prepared to explain the asset that has everyone from famous financiers to political dissidents talking about a money revolution.

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China’s State-Sanctioned Blockchain Project BSN Adds Polkadot, Oasis, Bityuan to Network

China’s state-sanctioned blockchain infrastructure provider BSN is adding cross-chain protocol Polkadot, decentralized cloud data startup Oasis and China-based project Bityuan to its network.

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Despite New Incentives to Stay, Some of OKEx’s Chinese Users Are Determined to Leave

Some OKEx's users in China are determined to leave the exchange despite new incentives designed to keep them.

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Some Are Calling All-Time Highs for Bitcoin. Here’s Why CoinDesk Hasn’t Yet

In a fragmented global market, price quotes are all over the place. That's why CoinDesk created the Bitcoin Price Index (BPI) and is standing by it.

from CoinDesk https://ift.tt/2V1rt7r

How to Answer Your Family’s Bitcoin Questions This Thanksgiving

With bitcoin in sight of its all-time high, your no-coiner family and friends are sure to be full of questions this holiday season. CoinDesk has the answers you need, courtesy of a few well-placed friends.

from CoinDesk https://ift.tt/3q1ntCc

Long in China’s Shadow, the US Is Becoming a Bitcoin Mining Power Again

Following a string of investments, miners are increasingly optimistic about prospects for the U.S. market in 2021.

from CoinDesk https://ift.tt/39dENOf

Blockchain Bites: Coinbase Cuts Margin Trading, Binance Sweeps US Clients, OKEx Offers Rebates

Coinbase has also changed the way it will alert clients to relevant tax information.

from CoinDesk https://ift.tt/39bWbDb

‘Bypass’ Attack in Coldcard Bitcoin Wallet Could Trick Users Into Sending Incorrect Funds

Bitcoin hardware wallet Coldcard is fixing a flaw that could trick users into sending bitcoin on the mainnet when they meant to use its testnet.

from CoinDesk https://ift.tt/365F58c

First Mover: Why Bitcoin Isn’t a Replacement for Gold Just Yet

Bitcoin's price is approaching a new all-time high, but bitcoin is not yet the replacement for gold many think.

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Libra Association Taps Saumya Bhavsar as General Counsel for Payments Subsidiary

Bhavsar joins the Libra Association after 25 years in public- and private-sector banking regulation roles.

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Square Agrees to Buy Credit Karma’s Tax Preparation Service for $50M

Cash App will make the DIY tax-prep software available for free to its 30 million monthly users.

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VanEck Launches Bitcoin Exchange-Traded Note on Deutsche Boerse

The VanEck Vectors Bitcoin ETN is now trading on the trading on the Deutsche Boerse Xetra.

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US Intelligence Chief Raises Concerns With SEC Over China’s Crypto Dominance: Report

U.S. spy chief John Ratcliffe was reportedly seeking clearer regulation around digital currency.

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In India, a Clash of Digital Innovation and Internet Censorship

Among democracies, the Indian government tends to shut down the internet most frequently. Can crypto thrive in this environment?

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Bitcoin Options Market Suggests Investors Preparing for All-Time High

Options investors appear to be eyeing more gains for the top cryptocurrency, which is now just 2.8% below a record high.

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Russian Hospitalized After Bitcoin Mining Farm Sets Apartment on Fire

A poorly managed mining farm in St. Petersburg, Russia, set an apartment on fire and injured the operator, according to a report.

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South Korea May Delay Implementation of 20% Crypto Tax Till 2022

The National Assembly is pushing for a delay to the tax proposal to allow exchanges more time to prepare.

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Australia and Singapore to Trial ‘Paperless’ Trade Using Blockchain Technology

Australia's border agency will trial blockchain solutions aimed at simplifying cross-border trade with Singapore.

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Digital Yen Would Make Crypto Markets ‘More Lively,’ Says CEO of Monex Group

Oki Matsumoto said a central bank digital currency would make it easier to convert cryptocurrency into legal tender.

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BIS Paper Says There’s Potential to Embed Regulation Into Stablecoin Systems

The need to regulate global stablecoins like Libra doesn't mean authorities can't embrace innovation, according to according to a BIS working paper.

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XRP Rises More Than 30% as Altcoins Piggyback on Bitcoin’s Wave

The native asset of the XRP ledger has surged to 16-month highs.

from Search Results for “ripple” – CoinDesk https://ift.tt/3pLRCVY

Binance Ramps Up Crackdown on US Users, Giving Them 14 Days to Withdraw Funds

Binance is giving U.S. users 14 days to withdraw funds before their accounts are shuttered.

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Yearning for Pickle? Two DeFi Protocols Merge

Pickle Finance was recently hit by an exploit in which $19.7 million in DAI was lost.

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OKEx to Resume Withdrawals Before Nov. 27, Offers New Compensation Programs

OKEx will compensate those users who have been frustrated by its suspension of withdrawal service.

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Lyn Alden on Money Printing, Bitcoin and the End of an 80-Year Debt Cycle

One of the sharpest analysts in macroeconomics looks at how monetary and fiscal policy are likely to change in the coming years.

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In Her Own Words: Here’s What Janet Yellen Has Said About Bitcoin

Janet Yellen wasn’t a fan of bitcoin when she ran the Fed. Her views as Treasury Secretary may shape crypto regulation over the next four years.

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Blockchain Bites: Ethereum 2.0 Deposit Contract Fully Loaded, IRS Sends Befuddling Letters – Again

More than 500,000 ETH have been locked into Ethereum 2.0's deposit contract, kick-starting the network's major, multi-year development phase.

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First Mover: Why Is Bitcoin’s Price Rising? Here Are a Few Possible Answers

Bitcoin's price is approaching a new all-time high and there are a few reasons why it has been performing so well.

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Ethereum 2.0’s Genesis Day Is Officially Set for Dec. 1

The biggest update in Ethereum’s history will officially begin its first phase on Dec. 1 when the Ethereum 2.0's Beacon chain goes live.

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IDEX Plants a Flag for a Multichain Future, Beginning With Binance Chain and Polkadot

Every holder of IDEX’s Ethereum tokens will get an equivalent number of exchange tokens for each of the new chains.

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Lithuania Makes Millions in First Sale of Seized Cryptocurrency

The sale of bitcoin, ether and monero brought in €6.4 million, or $7.5 million.

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Square, Human Rights Foundation Back New Bitcoin Open-Source Developer Fund

Veteran Bitcoin developer John Newbery just launched a new, independent organization for funding Bitcoin's open source developer community.

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CoinDesk Is Spinning Up an Ethereum 2.0 Node. Here’s How to Follow Our Journey

CoinDesk just snagged a front-row seat to a seminal event in the crypto industry. Ticket price: 32 ETH.

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Cypherpunk, Crypto Anarchy and How Bitcoin Lost the Narrative

The crypto industry tends to give "cypherpunk" vibes a great deal of lip service without much attention to their real values.

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Gazprombank Switzerland Executes First Bitcoin Trades, Announces Payments Initiative

The regulated Swiss bank said it is working on developing a standard for cryptocurrency payments between members of the OpenVASP association.

from CoinDesk https://ift.tt/3m4udNd

Binance to List Options Contracts for Litecoin

Binance said user demand prompted the new listing.

from CoinDesk https://ift.tt/3m4ncvK

Australian Investment Group With Billions in AUM Starts Investing in Bitcoin Futures

A Pendal Group executive likened bitcoin to a "cockroach" with financial staying power.

from CoinDesk https://ift.tt/35ZAbt9

Bitcoin Breaks $19K, New All-Time High Seems Imminent

Bitcoin, the world's No.1 cryptocurrency by market capitalization, has breached the $19,000 level.

from CoinDesk https://ift.tt/33eOsjR

XRP Price Surges to 2-Year High as Airdrop Frenzy Builds

The December airdrop of 45 billion spark tokens may be fueling XRP's rapid climb to two-year highs, say analysts.

from CoinDesk https://ift.tt/3frAEr2

Crypto.com Takes Steps Toward Financial Licensure in Malta

The Hong Kong-based crypto firm received preliminary approval from the Malta Financial Services Authority (MFSA) for two financial licenses.

from CoinDesk https://ift.tt/3fzKPdh

Eth 2.0 Deposit Contract Secures Enough Funds to Launch

The smart contract required for triggering Ethereum 2.0 has enough funds to begin activation of its most ambitious upgrade yet.

from CoinDesk https://ift.tt/35YKnlB

IRS Again Warns Crypto Investors They Under-Reported Gains

For the second year in a row, the IRS is telling crypto investors they under-reported crypto gains. But there may false alarms again.

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Aquaculture Firm Completes Australia’s First IPO Raise Using Cryptocurrency

Almost 90% of West Coast Aquaculture's $3.6 million capital raise was via the stablecoin tether.

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Ethereum 2.0 Deposit Contract Is 75% Funded Ahead of Dec. 1 Soft Launch

The smart contract required for triggering Ethereum 2.0 has nearly accrued enough funds to activate the momentous upgrade.

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OKEx’s Withdrawal Suspension Isn’t Behind Bitcoin’s Rally: Analysts

Bitcoin’s price has been up dramatically since OKEx's crypto withdrawal service suspension, yet it's not behind the price rally.

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Market Wrap: Bitcoin Briefly Drops Below $18K While ETH Uncouples From BTC

Bitcoin’s price is gyrating Monday while ether targets the moon.

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Biden to Tap Former Fed Chair Janet Yellen as Treasury Secretary

Former Fed Chair Janet Yellen will be tapped to run the Treasury Department, where she will oversee federal agencies that impact crypto.

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More Institutions Are Buying Bitcoin, Say JPMorgan Analysts

In their “Flows & Liquidity” report, JP Morgan analysts say institutions are piling into bitcoin at a stronger pace this quarter than they were in Q3 and may have a bigger role in price movement than quantitative traders.

from CoinDesk https://ift.tt/3fsnM41

A Bitcoin Shortage? PayPal and Cash App Buying More Than 100% of New Supply

When demand from these two sources alone exceeds the entire supply of newly minted bitcoins, expect serious supply pressure to follow.

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Privacy, Power, Fiscal Policy, the Poor: 4 Reasons to Worry About CBDCs

As central banks everywhere gear up to launch digital currencies, it's time to consider the possible downsides.

from CoinDesk https://ift.tt/2URIbpA

New GnosisDao Bets on ‘Futarchy,’ a Prediction-Market Governance Model

The newly launched GnosisDAO will allow Gnosis users to vote on platform governance and development.

from CoinDesk https://ift.tt/393NKtA

Blockchain Bites: XRP’s Rally, Chainalysis’ $1B Valuation, Bitcoin’s Volatility in Perspective

The U.S. government uses USDC to bypass Venezuelan blockades. Chainalaysis eyes a $100 million raise. BTC is less volatile than 22% of S&P500 stocks, VanEck finds.

from CoinDesk https://ift.tt/361H11v

First Mover: Near Record Highs, Bitcoin May Have a Volatile Week

Bitcoin prices are near all-time high, while its one-month implied volatility metric has jumped to four-month highs.

from CoinDesk https://ift.tt/3nPeNNd

Latin America’s Big Blockchain Opportunity

Decentralizing the financial sector and putting trust in distributed ledgers means less reliance on the continent's corrupt intermediaries.

from CoinDesk https://ift.tt/33atCC8

PayPal CEO Schulman Say He’s Bullish on Bitcoin as a Currency

Schulman spoke the fall of cash, the rise of bitcoin, and the institutional traders taking note.

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Law Enforcement Agencies Are Missing Forked Cryptos in Criminal Seizures: Research

Blockchain analytics company Coinfirm said authorities are "ignoring" criminals' stockpiles of cryptocurrencies that forked from bitcoin.

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Bitcoin Faces Volatility Rise as Futures Market Shows Signs of Overheating

The bitcoin perpetual futures "funding rate" has shot up, suggesting the market may be overleveraged to the bullish side.

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CipherTrace Says Homeland Security Work Gave Rise to Monero-Tracking Patent Filings

CipherTrace has filed two patent applications it claims offer technologies that could help authorities in tracking monero transactions.

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China Construction Bank Pulls Planned Listing of Bitcoin-Tradable Bond

The "Big Four" Chinese bank has suspended the listing of a $3 billion bond issuance that was intended to be tradable for bitcoin and U.S. dollars.

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John Lennon’s Son Says Bitcoin ‘Empowers’ People Like Never Before

Sean Ono Lennon praised bitcoin for its ability to help individuals transcend politics and world events.

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China to Hold Second Lottery Trial of the Digital Yuan

A lottery in Suzhou will additionally trial the offline feature of the digital yuan, per a Monday report.

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Crypto Long & Short: 4 Metrics That Show How the Current Bitcoin Rally Is Different From 2017

The current bitcoin bull run is indeed different from three years ago, though that doesn't mean we won't see another peak-and-trough cycle.

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NFT Painting of Buterin in Harlequin Garb Sets Record in Weekend Crypto Art Sale

"EthBoy," created by Trevor Jones and Alotta Money sold for 260 ETH, setting records for the highest dollar value of a cryptographic painting to date.

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Bitcoin Shortage? Pantera Thinks Market Rally Driven by PayPal Buys

PayPal’s recent leap into the crypto market is helping to drive the current bitcoin rally, according to Pantera Capital.

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DeFi Protocol Pickle Finance Token Loses Almost Half Its Value After $19.7M Hack

Popular decentralized finance protocol Pickle Finance was hacked on Saturday.

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Hacked Crypto Exchange KuCoin Resumes Deposit, Withdrawal Services for All Tokens

The digital asset exchange that was hacked to the tune of $281 million in September said it's restored the deposit and withdrawal services of all tokens.

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Bitcoin ETF Time? What SEC Chairman Jay Clayton Stepping Down Means for Markets

Jay Clayon is stepping down as chairman of the Securities Exchange Commission. Here’s what that means for crypto and traditional markets.

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GoDaddy Employees Tricked Into Transferring Control of Crypto Firm Domains: Report

Cryptocurrency trading platform liquid.com and crypto mining firm NiceHash were two of at least six firms that had control of their domains briefly transferred.

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Pantera Raises $134M for Its Bitcoin Fund

Formed in 2013, Pantera’s bitcoin fund was the first U.S.-based bitcoin fund.

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China’s Xi Asks G20 Countries to Be ‘Open and Accommodating’ to CBDCs

In a wide-ranging speech, Xi said that the G20 group “needs to discuss developing standards and principles for central bank digital currencies.”

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Crypto Assets in South Africa Would Be Considered Financial Products Under Regulator Proposal

If implemented the declaration would require crypto firms in South Africa to register as a financial services provider.

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Coinbase Has Raked in $14B in New Institutional Assets Since April

Coinbase is now measuring new capital coming in for bitcoin in the billions, according to the firm's head of institutional coverage.

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What Do Mexico’s Second Wealthiest Billionaire and Arya Stark Have In Common?

Recapping a wild week in bitcoin price action that has drawn out numerous previously-quiet HODLers.

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XRP Rises More Than 30% as Altcoins Piggyback on Bitcoin’s Wave

The native asset of the XRP ledger has surged to 16-month highs.

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US Regulator Seeks End to Bank Deplatforming of ‘Disfavored’ Industries (Like Crypto)

Call it the CPR for Operation Choke Point.

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Bitcoin Miner Riot Blockchain Ends Week Up 50% After Tapping 2-Year Highs

Shares of the mining company surged to $6.60 Friday.

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Market Wrap: Bitcoin Hits $18.8K as Total Crypto Locked in DeFi Passes $14B

Bitcoin is testing $19,000 as DeFi hits another milestone in total crypto locked.

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Central Bankers, Experts Outline Possible Scenarios for CBDC Adoption

Central bank digital currencies can have broad implications for the global balance of power, experts say.

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10 Metrics Where Bitcoin Has Already Hit New All-Time Highs

While we haven’t achieved the elusive $20,000 spot price all-time high yet, these other metrics show where bitcoin has grown far beyond previous peaks.

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US Government Enlists USDC for ‘Global Foreign Policy Objective’ in Venezuela: Circle CEO

The U.S. government is sending USDC payments to Venezuela using Circle and Airtm to bypass Nicolas Maduro, the nation's dictator.

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Chainalysis Sees Raising $100M in Venture Capital at $1B Valuation: Report

Cryptocurrency investigation firm Chainalysis expects to raise $100 million venture capital at a $1 billion valuation as early as next week, the company told Forbes.

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MicroStrategy Wants to Be in the Bitcoin Business, Not Just an Investor

MicroStrategy executives are on the hunt for blockchain experts who could help the publicly traded firm build a suite of bitcoin data services.

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Blockchain Bites: BlockRock Exec Says Bitcoin Is ‘Here to Stay,’ Investors Load Into BTC Puts

Institutional buyers are loading up on BTC puts, Deribit analysts say. Goldman Sachs thinks the “digital yuan” could be in a billion hands in a decade.

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Bitcoin Is the Biggest Big Short

Short-sellers help identify weaknesses in capital markets. Bitcoin helps us see what's wrong with the financial system.

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First Mover: Bitcoin ‘Rich List’ Grows as Whales HODL and Price Retakes $18K

Bitcoin's "rich list" hits an all-time high alongside the meteoric price rally.

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German Finance Minister Says He Does Not Support Private Cryptos: Report

Olaf Scholz said banks need to adapt for a digital world but seemed to rule out private digital currencies from that future.

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BlackRock Exec Says Bitcoin Could Replace Gold ‘to a Large Extent’

Rick Rieder, CIO of Fixed Income at investment giant BlackRock, told CNBC that bitcoin and cryptocurrency are "here to stay."

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Y Combinator, Pantera Back $3M Investment in New Crypto Derivatives Exchange

Globe goes live Friday with the announcement of $3 million in funding from the likes of Pantera Capital, Y Combinator, Tim Draper and others.

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US Firm Launches Company-Sponsored Bitcoin Retirement Plans

Digital Asset Investment Management says its new retirement plans can help savers beat inflation.

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Players Prefer Cashing Out in Bitcoin Amid Rally, Says Online Poker Giant

Winning Poker Network said it's having to buy more bitcoin than ever to satisfy payout demand from players.

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Morgan Creek CEO Says Bitcoin Doing ‘Extremely Well’ Due to Fed Reserve’s Dollar Devaluation

CEO Mark Yusko said "zombie companies" left the Fed no choice but to devalue the dollar, prompting investors to turn to bitcoin and gold.

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Star Xu Surfaces From Detention as OKEx’s Mystery Key Holder Also Returns

Xu's temporary detention and subsequent release closely coincides with the period that OKEx's unnamed key holder also became unavailable.

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Ether Trades Above $500 for the First Time Since July 2018

Ethereum's native token ether has jumped to 28-month highs, taking year-to-date gains to nearly 290%.

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Japan’s Banking Giant MUFG Plans to Launch Blockchain Payment Network in 2021

Japanese banking giant MUFG plans to launch its blockchain payment network across the country in 2021 with U.S.-based fintech company Akamai.

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Texas Financial Regulators Crack Down on 15 Alleged Crypto Scams

Many of the alleged crypto scams had a common tactic: savvy social media posts to draw victims in.

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Travel Tech Firm Monaker Group Eyes Regulated Thai ICO Market

Monaker Group, which builds booking platforms for the travel industry, is venturing into tokenized assets with the indirect acquisition of Thailand’s Longroot initial coin offering (ICO) portal. The Nasdaq traded company took an “indirect controlling stake” in the entity that owns Longroot on Thursday, one day after buying up a third of Longroot minority shareholder […]

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Market Wrap: Bitcoin Hangs Around $18K While Ether Locked in DeFi Declines

Bitcoin’s price pulled off the bull road for a rest stop Thursday while ether holders pull out of DeFi.

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The Complete Case for $100K Bitcoin

It's conceivable. Here are the scenarios where a $100,000 bitcoin valuation might begin to become feasible.

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US Is Debating Risk vs. Liability for New Crypto Tax Rules

U.S. Treasury department officials are wrangling with how to focus a coming set of crypto tax rules.

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Lightning Network’s New Liquidity Marketplace Attracts a ‘Surprising’ Mix of Individuals, Enterprises

Lightning Labs’ new liquidity marketplace, Lightning Pool, has seen more early-stage growth than its creators expected.

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A Crypto Ally as Top US Bank Regulator?

President Trump has nominated former Coinbase counsel Brian Brooks to a full five-year term as Comptroller of the Currency, but will he be confirmed in time?

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Helium Wireless Network Approves New Hard Cap for HNT Token Emissions

Adding a token hard-cap and introducing "halvenings" will make HNT tokenomics easier to understand, say project contributors.

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Blockchain Bites: FATF Considers DeFi, Binance Sues and One Step to a BTC ETF

PLUS: Deutsche Bank analysts reportedly said customers increasingly prefer bitcoin over gold.

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Open Finance Is Better Than Broken Finance

Traditional financial services fail to meet the core needs of a global economy. DeFi is not perfect but it's for everyone.

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Bitcoin Options Investors Are Starting to Hedge Against Potential Price Pullback

The one-month implied volatility, which is influenced by the demand for call and put options, jumped from roughly 55% to a four-month high of 70.5% in the past two days, suggesting increased expectations for price turbulence over the next four weeks.

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SEC Grants Digital Avatar Firm IMVU Permission to Sell Crypto Tokens

The SEC has granted permission to digital avatar firm IMVU to sell its Ethereum-based VCOIN digital currency, though with some restrictions.

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Majority of Bitcoin Hashrate Signals Support for Taproot Scaling, Privacy Upgrade

Over 50% of Bitcoin's hashrate now supports the "uncontroversial" upgrade.

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First Mover: What China Crackdown Means for $18K Bitcoin as Dimon Passes on ‘Tea’

Fewer new bitcoin may be hitting the market because miners in China can't sell their bitcoins due to a crackdown by their government.

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SEC’s Clayton Says Payment Inefficiencies Are Boosting Bitcoin’s Rise

Clayton sounded more bullish on bitcoin than he's been in years in his Thursday interview with CNBC

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DEX Aggregator Rebrands to Slingshot After Raising $3.1M From Coinbase Ventures, Others

Slingshot exists in an increasingly crowded field of DEX aggregators including 1inch, ParaSwap, Matcha and even MetaMask.

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NFT Game Axie Infinity Raises $860K in Governance Token Sale

A new game mode will also be launching on the platform in early 2021, where players can own pieces of land and farm governance tokens.

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Gemini Exchange Is Using ClearBank for UK Banking Services

Gemini announced it was expanding into the United Kingdom in late September.

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OKEx Exchange Says Crypto Withdrawals to Restart By Next Friday

"The private key holder has now returned to his normal business functions," the exchange said in a notice Thursday.

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Irish Man Gets 3 Years in Prison for Stealing $2.5M in Crypto Through SIM Hacks

The man was part of a criminal group that compromised crypto accounts with assistance from contacts at mobile operators.

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Deutsche Bank Says Investors Increasingly Prefer Bitcoin Over Gold as Inflation Hedge

The Deutsche Bank analyst's comments are another sign of bitcoin's increasing acceptance in the mainstream of finance.

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30 Japan Firms to Collaborate on Private Digital Yen: Reuters

A group of Japanese companies plans to develop and test a private digital currency that would work alongside cash.

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Solidus Labs Believes Its Crypto Surveillance Tool Can Help Launch a Bitcoin ETF

Solidus Labs believes its new surveillance tool can help regulators maintain confidence in crypto markets, potentially leading to the approval of a bitcoin ETF.

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Bitcoin’s Rally Could Be Caused by a Supply Crunch in China

Chinese miners are struggling to sell their crypto in ways that would quickly get them much-needed cash in the face of a government crackdown on local exchanges.

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OKEx Token Rallies on Rumors Founder Xu Released From Custody

The token has rallied nearly 13% Wednesday.

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Thai SEC Revises Net Capital Rules in Bid to Open Liquidity, Support Digital Asset Businesses: Report

The revised requirements are aimed at adding liquidity to the Thai market, while also allowing digital asset businesses to hold part of their required capital in cryptocurrencies.

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The Dark Future Where Payments Are Politicized and Bitcoin Wins

If the payments system ever becomes seriously politicized, Bitcoin's apolitical nature could become more appealing. But that's not a scenario worth looking forward to.

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Blockchain Bites: Bitcoin’s Latest Billionaire Bull, Zcash’s Upgrade, Grayscale’s $10B Breakthrough

A metric that has predicted previous bitcoin market tops indicates this rally has just begun.

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First Mover: As Bitcoin Shoots Past $18K, There’s Comfort in the Crowded Trade

"Long bitcoin" is one of the most crowded trades in markets, a new survey suggests. But signs indicate that many investors are just now getting in. 

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CryptoGenies? Digital Avatars Are Coming to Dapper’s Flow Blockchain

“Dapper Labs was a brain-dead fit for us to be able to further educate our young users,” Genies founder Akash Nigam said.

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FATF Needs Entirely New Approach to Regulating Crypto, Says V20 Summit

Industry players at the Virtual Asset Service Providers Summit urged regulators to rethink their approach in light of DeFi and DEXs.

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What the History of Airlines Tells Us About Blockchain Commerce

The ability to represent all industrial capacity as tokens on a blockchain will have huge implications for resource use, says our columnist.

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‘Not My Cup of Tea’: Jamie Dimon Is Still Not a Bitcoin Fan

The JPMorgan Chase CEO said its only a matter of time before the government moves to regulate bitcoin.

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Dutch Crypto Exchange Adds Extra Verification Measures Citing ‘Disproportionate’ Central Bank Requirements

The exchange said it must now ask users for extra information such as the purpose of bitcoin purchases.

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Ethereum Classic Gets DeFi Treatment With Wrapped ETC

Ethereum Classic wants to play in the decentralized finance (DeFi) space of the blockchain it contentiously forked from in 2016.

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Digital Asset Firm Fireblocks Raises $30M to Gird for ‘Influx in Customer Demand’

Fireblocks plans to maintain its standing as “the biggest player in crypto-native markets” but also wants to go after institutional players.

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OKEx Mining Pool Flatlines After 99.5% Hash Power Drop as Withdrawal Suspensions Spook Clients

The pool's hash power has dropped from 5,000 to barely 20 PH/s.

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Vietnam’s Ministry of Education Adopts Blockchain Record-Keeping

The Vietnamese government has partnered with Singapore-based blockchain platform TomoChain to archive student records on a public blockchain.

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Zcash Undergoes First Halving as Major Upgrade Drops ‘Founders Reward’

Alongside the halving, Zcash has rolled out its Canopy upgrade that replaces the Founder's Fund with built-in funding for development.

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Zcash Undergoes First Halving as Major Upgrade Drops ‘Founders Fund’

Alongside the halving, Zcash has rolled out its Canopy upgrade that replaces the Founder's Fund with built-in funding for development.

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Bitcoin Indicator Suggests Bull Market Is Still in Early Phase

The Mayer Multiple indicator suggests the bull market is still far from peaking, even as bitcoin closes in on its all-time high.

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Crypto Exchange Liquid Says User Data Possibly Exposed in Security Breach

The exchange said customer funds are safe.

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Alleged Promoter of BitConnect Crypto Scam Charged in Australia

The accused faces a lengthy prison sentence if convicted.

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Mexico’s Second Richest Man Reveals 10% of His Liquid Assets Are in Bitcoin

Billionaire founder of Grupo Salinas, Ricardo Salinas Pliego said: "Bitcoin protects the citizen from government expropriation."

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Bitcoin Closes in on All-Time High as it Blasts Through $18K

Bitcoin's price broke through $18,000 in what some experts are attributing to global events and bullish fundamentals in crypto.

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Grayscale’s Crypto Assets Under Management Break $10B

Price appreciation in all cryptocurrencies this month is a factor behind the growth, but so are inflows.

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CME Sees Record High Open Interest for Bitcoin Futures on Wave of Institutional Inflows

Open interest surged to $976 million Monday.

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ConsenSys Acquires Blockchain Developer Toolmaker Truffle Suite

ConsenSys is adding dapp development platform Truffle Suite back to its lineup of wholly owned Ethereum tools.

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HODL FOMO vs. Speculative FOMO: Why This Bitcoin Bull Market Will Be Different

As bitcoin crosses $17,000 it’s not retail speculation but a new, long-term investor mindset driving the price up.

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Robinhood Gearing Up for Potential IPO in Early 2021: Report

Robinhood is looking for a banking team to partner in an IPO that could come next year.

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This $29B Asset Advisory is Giving Wealth Managers and Clients a Bitcoin On-Ramp

Mariner Wealth Advisors has tapped crypto firm Eaglebrook for its new bitcoin allocation engine.

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Traders Brace for Major Volatility as Bitcoin Price Nears Record Highs

Volatility has stayed relatively low through Bitcoin’s slow march toward record highs.

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Blockchain Bites: Bitcoin’s Run, Uniswap’s Hemorrhaging Value, Anchorage’s Banking Bid

Bitcoin is nearing all-time highs in price and market cap last set three years ago.

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Blockchain Startup Raises $12M Series A to Turn Brands Into Cellular Networks

Blockchain startup OXIO raised a $12 million Series A to make “Telecom-as-a-Service” as common as SaaS.

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The Smart Money Economy

Digital money in a crypto wallet is only the first step. The bigger shift is a new software economy anchored in programmable blockchains.

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Airbnb’s IPO Prospectus Says Firm May Consider Crypto and Blockchain

The prospectus for Airbnb's IPO says its "future success" will depend on the rentals firm adapting to technologies like blockchain and cryptocurrency.

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First Mover: Bitcoin Tops $17K as Scaramucci Makes Entrée, Ethereum Meets Rival

Ethereum's success as dominant "smart contracts" blockchain attracts rivals, and some investors speculate Polkadot might have momentum.

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Balaji Srinivasan, HashKey Back $2M Round in Twitter Privacy Tool Mask Network

Mask Network, the protocol that allows users to send encrypted messages and even cryptocurrencies over Twitter, announced a funding round Tuesday.

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New Mac Update Leaves Users No Room to Escape Data Collection

Following a recent Mac update, users will have to find alternatives if they want out from under Apple’s eye.

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Gold Lags Far Behind Bitcoin as Vaccine Optimism Buoys Markets

Bitcoin is outshining the precious metal by a significant margin as expectations soar of a swift global economic recovery enabled by promising coronavirus vaccines.

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Bitcoin Slices Through $17,000 as Market Cap Nears All-Time High

Bitcoin last traded above $17,000 on Jan. 7, 2018.

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Galaxy Digital Gets Initial Approval for New Bitcoin Fund in Canada

The CI Galaxy Bitcoin Fund has had a preliminary prospectus approved by Canadian securities regulators for an initial public offering.

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As DeFi Grows, Investors Look to Polkadot to Be the Next Ethereum

In a cryptocurrency ecosystem where the programmable-money juggernaut has long been Ethereum, Polkadot, a project that has been quietly developing an alternative solution since 2016, is ready to take on the blockchain world.

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Western Union Suspends US Dollar Transfers to Cuba

The move follows the latest sanction from the Trump administration.

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Litecoin Flips Bitcoin Cash in Crypto Rankings With Rally to 9-Month Highs

Litecoin is now the seventh-largest cryptocurrency by market capitalization after a rise to $75.

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Twitter Hires Noted Hacker as Head of Security Months After Bitcoin Scam

Twitter has hired Peiter Zatko, a prominent white-hat hacker going by the handle "Mudge," to help prevent future security breaches.

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Custodian Anchorage Seeks Charter From Crypto-Friendly US Bank Regulator OCC

If its application is approved, Anchorage would be the first crypto company to get a national bank charter.

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Origin Protocol Loses $3.25M in Latest Flash Loan Attack: Reports

Blockchain project Origin Dollar (OUSD) has sustained an oracle manipulation attack. The attacker used flash loans to grab $3.25 million.

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My Data, My Money: Data Dividends and the Digital Economy

On Nov. 18, CoinDesk’s Ben Powers explores the data dividend: Is it an opportunity to restructure the digital economy on more equitable terms, or merely a redesign of the current data ecosystem?

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Uniswap May Re-Up Rewards as SushiSwap Angles to Catch Itinerant Yield Farmers

A new governance vote would continue liquidity mining rewards for certain asset pairs as the original allocation ends.

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IBM Scores Patent on Proposed Blockchain Consensus for Transactions in Multiplayer Games

The patent was awarded to IBM last week and proposes using a blockchain consensus model to carry out and verify purchases made within multiplayer games.

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Coinbase Goes Down as Bitcoin Nears $17K

The cryptocurrency exchange has suffered several outages during busy periods this year.

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Market Wrap: Bitcoin Ascends to $16.8K; Uniswap and Tether 35% of Ethereum Transactions

Bitcoin is at bullish 2020 highs while Ethereum transactions prove out DeFi’s fundamental use case.

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Bitcoin at $318,000 Next December? One Citibank Exec Says It’s Possible

Breaking down a recent report that has Bitcoin Twitter salivating and skeptical at the same time.

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Blockchain Bites: Data Unions. Hard Forks. And One Citi Analyst’s Case for $300K BTC.

MIT researchers resoundingly reject blockchain-based voting. A Citibank MD thinks bitcoin could break out. And another DeFi protocol was hit with a flash loan attack.

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Why FinCEN Wants Details on All Cross-Border Transactions Over $250

At an event Monday, FinCEN staffers discussed the “why” of a new proposal that has crypto fans concerned.

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Scaramucci’s $9.2B SkyBridge ‘May Seek Exposure to Digital Assets’

SkyBridge Capital is giving itself an opening to indirectly invest in bitcoin and other cryptocurrencies.

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Why Bitcoin Thrives (and Why It Won’t Replace the Dollar)

A world in which bitcoin becomes the global reserve currency is a world many of us would not want to live in.

from CoinDesk https://ift.tt/32N7ugU

Crypto Execs Need Liability Insurance

When crypto companies are denied liability insurance, they are disincentivized from innovating.

from CoinDesk https://ift.tt/2KeQdXK

Binance Discontinues UK Pound Stablecoin Calling It Just an ‘Experiment’

The exchange is discontinuing its own BGBP stablecoin, an "experiment" that obviously wasn't a success.

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First Mover: Vaccine Won’t Come Fast Enough to Avoid More Stimulus

A rise in coronavirus cases, hospitalizations and deaths could dent consumer confidence and retailer revenue during the crucial holiday shopping season.

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China’s Crypto Miners Struggle to Pay Power Bills as Regulators Clamp Down on OTC Desks

Miners in China have reportedly been struggling to pay for electricity after authorities started cracking down on OTC brokers in the country.

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MakerDAO Loans Can Be Gamed to Hold Out Funds From Liquidation, Startup Finds

A loophole in MakerDAO’s collateralized debt market enables positions to be closed far more leniently than intended due to an oversight in the auction process.

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SEC Chairman Jay Clayton Stepping Down at End of Year

U.S. Securities and Exchange Commission Chairman Jay Clayton will leave his role at the end of this year.

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Belarus Bank to Offer Bitcoin Purchases, With Litecoin and Ether Coming Soon

A Belarusian bank is launching a bitcoin buying service via bank cards for citizens of Belarus and Russia

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Cory Doctorow: The Monopoly Web Is Already Here

The science fiction writer on how monopolies came to dominate today's economy and why the orthodoxy of tech criticism is wrong.

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Microsoft Exec Joins Blockchain Gaming Platform Enjin to Lead Enterprise Push

Enjin is aiming to widen its enterprise focus with its latest hire hailing from over 20 years at tech giant Microsoft.

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Record Levels of Negative-Yielding Debt Strengthen Case for Bitcoin: Analysts

With negative-yielding bonds at a new high, investors are looking elsewhere for returns.

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The SEC Is Still Working Out What ‘Qualified Custodian’ Means for Crypto

The SEC’s recent statement about qualified custodians shows the federal agency is still puzzling out important questions for the crypto space.

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Fidelity’s Crypto Arm Responds to 6 Common Bitcoin Criticisms

Fidelity Digital Assets has responded to some of bitcoin's most frequent criticisms citing heightened interest in the cryptocurrency.

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Citibank Executive Says Bitcoin Could Pass $300K by December 2021

A senior executive at U.S. financial giant Citibank has released an internal report drawing on similarities to the 1970s gold market and bitcoin.

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New MIT Paper Roundly Rejects Blockchain Voting as Solution to Election Woes

Encryption inventor and head of MIT’s Digital Currency Initiative are among authors of a new paper that points out why blockchain and voting are a bad pairing.

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Crypto Long & Short: What We’re Getting Wrong About Druckenmiller and Bitcoin

Stanley Druckenmiller’s comments about bitcoin were blown out of proportion. They were positive for crypto, but not for the reasons most believe.

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Bitcoin Cash Has Split Into Two New Blockchains, Again

Bitcoin Cash split into two blockchain again, but one of the new chain has received no hashpower so far.

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Dollar Decline and the Paralysis of Conventional Monetary Policy

A reading of Kenneth Rogoff’s latest piece on the strange reality of the dollar’s global status.

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Data Is Labor: Why We Need Data Unions

It's time to unionize and take back the wealth created by personal data, says a leading activist.

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Value DeFi Suffers $6M Flash Loan Attack

The latest flash loan attack in the decentralized finance world has caused a total loss of $6 million.

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Dalio Says Governments Will Kill Bitcoin. Is He Right?

In an otherwise extremely bullish week, famed investor Ray Dalio reiterated his skepticism of bitcoin and digital assets.

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Roger Ver: Bitcoin Cash Hard Forks Could Have Thwarted PayPal Support

Roger Ver, one of the biggest bitcoin cash advocates, is not a fan of the scheduled fork event of the cryptocurrency's network.

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Galaxy Digital Makes Twin Acquisitions in Bid to Strengthen Institutional Appeal

The cryptocurrency merchant bank has acquired a lending firm and a trading company as it seeks to become the "go to" platform for institutional access to digital assets, the firm said Friday.

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Bitcoin Rally Falters as Price Drops Below $16K

The cryptocurrency dropped as low as $15,750, having hit highs over $16,300 in the Asian trading hours.

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Market Wrap: Bitcoin Fails to Reach $16.5K; Wrapped BTC Hits $2 Billion

Bitcoin’s price is climbing for the third straight day as more of the cryptocurrency is locked into the Ethereum network.

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PayPal Rolls Out Crypto for All US Customers

Crypto Twitter reacts to the announcement and answers the question: Just how big a deal is this?

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Token Projects Are Not Happy With KuCoin’s Handling of $280M Hack

Some token projects say they're left holding the bag following a hack that drained the KuCoin crypto exchange of $280 million.

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Payza Founders Sentenced in $250M Money Laundering Case

Canadian brothers Firoz and Ferhan Patel are headed to prison after admitting their payments company had broken the law.

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Blockchain Bites: Bankrupted Cred’s Missing Millions, Bitcoin Miners’ Quarterly Losses and More

The top stories in bitcoin, crypto and more – all in one place.

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Developers Debate Disclosure Protocols After ‘Accidental’ Ethereum Hard Fork

Ethereum’s largest client Geth hard-forked after a bug was tripped Wednesday. Developers are now weighing the merits of security disclosures methods.

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Money Reimagined: The US’ Kodak Moment

China's moves on digital currency have potential to rock the global economy. The U.S. risks getting left behind, like Kodak.

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Mike Novogratz’s Galaxy Digital Nets $44.3M in Q3

Galaxy Digital was trading slightly higher on the news.

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This Crypto Custody Breakthrough Will Bring Banks Closer to Digital Assets

Shard X is claiming to be the first company to successfully run multi-party computation (MPC) on hardware security modules (HSMs).

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Bank of England Official Balks at Shielding Banks Against Digital Currencies: Report

Deputy Governor Jon Cunliffe says protecting bank business models is not BoE's responsibility.

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From PayPal to Libra: Big Tech Has Forced Central Banks to Wake Up to CBDCs, Says Benoit Coeure

Libra was the final wake-up call for central banks that prompted serious consideration of digital currency issuances, according to the head of the BIS Innovation Hub.

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First Mover: Why the Fed Cares About Remote Working – And What It Means for Bitcoin

The potential economic impact of a shift to widespread remote working is a matter of risk management: Authorities should be mapping out scenarios.

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US Company Now Lets Travelers Pay for Passports With Bitcoin

Payments for passport renewals and name changes are being processed by Coinbase Commerce.

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Ripple Files Trademark for Possible New Payments Service

The new title and logo suggest Ripple has another payments product in the works.

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$300M in Bitcoin Flow to Binance From Huobi as China Gets Tougher on Exchanges

The Chinese government cracks down on the crypto exchanges (again), but Binance has been benefiting.

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Algorand-Backed Axelar Raises $3.75M in Seed Funding to Help Blockchains Communicate

Axelar is a decentralized protocol designed by the founding members of Algorand to make it easier for dapps to work across blockchains.

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Payments Provider BitPay Rolls Out Cryptocurrency Payroll Service

With the launch, BitPay now provides a new alternative to crypto payroll services such as BitWage.

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Trump’s Post-Election Purge Reaches US Cybersecurity Agency

CISA Director Krebs expects to be fired, Reuters reports. Hours earlier, his deputy resigned under pressure.

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Meet the $10B Asset Manager With a 10,000 BTC Treasury, feat. NYDIG’s Robby Gutmann

One of the (quietly) largest players in the institutional bitcoin space discusses NIDIG, the changing investor landscape and more, in his first-ever podcast interview.

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DeFi Project Akropolis Token Pool Drained of $2M in DAI

Decentralized finance platform Akropolis’ yCurve pools have been drained resulting in the loss of $2 million.

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ECB’s Lagarde Has ‘Hunch’ Digital Euro Will Launch in 2-4 Years

ECB President Christine Lagarde says the impetus for a central bank digital currency could come from the need to facilitate cross-border finance.

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Marathon Reports Record $835K Quarterly Mining Revenue, Increased Bitcoin Holdings

Marathon is holding more bitcoin on its balance sheet than ever before.

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Hut 8 Mining Revenue Drops 43% in Q3 Despite Hash Power Increase

Hut 8 mining revenue has fallen for five consecutive quarters.

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Bitcoin’s Options Market Shows Strongest Bullish Mood on Record

Bitcoin's options market is in the midst of its strongest bullish sentiment on record as the cryptocurrency rallies to three-year highs.

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Bad Loans, Bad Bets, Bad Blood: How Crypto Lender Cred Really Went Bankrupt

Cred’s bankruptcy filing mainly blames fraud by an outside party. The full picture painted by former employees is more complex, and highlights the risks of the budding crypto lending market.

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Blockchain Bites: $16K BTC, $1B DAI, $13.6B TVL in DeFi

Bitcoin is riding fresh three-year highs as nearly all UTXOs are in profit, while MakerDAO's DAI becomes the latest crypto "unicorn" with a $1 billion market cap.

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PayPal Removes Waitlist for New Crypto Service, Boosts Weekly Purchase Limit to $20K

All eligible PayPal accountholders in the U.S. can now buy, hold and sell cryptocurrency, the company announced Thursday.

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Why DeFi Needs to Branch Out From Ethereum

For its long-term viability, decentralized finance cannot be defined by a single blockchain network.

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DeFi Dashboard Zapper Snags New Funding From Delphi and Coinbase Ventures

Zapper announced Thursday an extension of its seed investment round with new backing from Delphi Digital and Coinbase.

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How Ant’s Suspended IPO Is Related to China’s Digital Yuan

Ant’s suspended IPO exposes potential financial risks posed by the fintech giant’s digital payment platform Alipay. The digital yuan may be China’s attempt at a solution.

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Bitcoin Breaches $16K as (Committed) Holders Diss Dalio’s Diss

Hedge fund titan Ray Dalio says bitcoin could be due for a reckoning. It didn't bother bitcoin: Prices rallied, and holders are holding on.

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‘Chainlink Killer’ API3 Closes $3M Funding Round With Placeholder and Pantera

API3, a firm aiming to provide an alternative to oracle service Chainlink, has raised $3 million in a private funding round led by Placeholder.

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Brent Crude Oil Futures Now Tradable on DeFi Exchange Synthetix

One of two global oil benchmarks, Brent Crude Futures are now available through DeFi exchange Synthetix.

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Chainalysis Wants to Help the Feds Sell Millions in Forfeited Bitcoin

The new service launch comes just one week after federal agents announced the seizure of over $1 billion in bitcoin.

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Russian Ministry Moves to Soften Requirements for Crypto Tax Reporting

Russia's Ministry of Finance has proposed legal amendments that would relax planned tax requirements for crypto holders if passed.

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98% of Bitcoin’s ‘Unspent Outputs’ Are Worth More Than When Made

The percentage of bitcoin unspent transaction outputs (UTXOs) in profit recently topped 98%, the highest level since December 2017.

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Israeli Firm Unveils Tech Allowing Users to ‘Undo’ Erroneous Ether Transactions

Kirobo has repurposed its bitcoin transaction reversal feature to work on Ethereum.

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Bitcoin Price Breaks Above $16K for First Time in 3 Years

Bitcoin breaks above $16,000, reaching an almost three-year high.

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Total Value Locked in DeFi Sector Hits Record $13.6B

The U.S. dollar value of the cryptocurrency liquidity locked up in decentralized finance is surging, buoyed by big gains for some lesser known projects.

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Hackers, Scammers Have Stolen $7.6B in Crypto Since 2011

Billions of dollars have been stolen through exchange hacks and scams, according to a new report from blockchain analytics firm Crystal Blockchain.

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Ethereum’s ‘Unannounced Hard Fork’ Was Trying to Prevent the Very Disruption It Caused

A hard fork that split Ethereum’s chain in two was activated on purpose, calling into question Ethereum’s client coordination.

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MakerDAO’s DAI Stablecoin Breaks $1B Market Cap

The stablecoin dai (DAI) broke a market capitalization of $1 billion on Wednesday, a major milestone for the DeFi pioneer.

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Market Wrap: Bitcoin Fails to Break $15.9K; Over 50K ETH Staked on Eth 2.0 Contract

Bitcoin’s price closed in on $16,000 before losing steam while over $20 million in ether is already staked for the Ethereum 2.0 upgrade.

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Venezuela’s Bitcoin Story Puts It in a Category of One

Venezuela’s peer-to-peer bitcoin activity has been extraordinary, whether measured as an absolute or relative to GDP, according to CoinDesk Research data.

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Discovering Bitcoin Through the #EndSARS Movement, Feat. Yele Bademosi & Akin Sawyerr

When the Nigerian government shut down #EndSARS protestors’ bank accounts, bitcoin and crypto became a way around.

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Flash Loans Aren’t the Problem, Centralized Price Oracles Are

Flash loans attacks have received a lot of press attention. But they're not DeFi's biggest vulnerability, says Chainlink's CMO.

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US Representatives Rip OCC, Brooks for ‘Excessive Focus’ on Crypto

Congressional Democrats blasted the OCC and Acting Comptroller Brooks for spending time on crypto during a pandemic.

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Blockchain Bites: Bitcoin’s Path to $20K, Ethereum’s ‘Unannounced’ Fork and Biden’s Crypto-Friendly Picks

ALSO: ShapeShift delists three privacy coins citing regulatory uncertainty and $3 billion in blockchain bonds come to market on Friday.

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Binance Gives $200K to Investigators Who Helped Identify Actors Behind 2018 Attack

The exchange has awarded a bounty of $200,000 to private investigators who helped now-indicted bad actors who attacked the exchange in 2018.

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Bridgewater’s Dalio Sees Governments Banning Bitcoin Should It Become ‘Material’

The founder of the world's largest hedge fund said he sees three main problems with bitcoin and other cryptocurrencies.

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Bitcoin Hashrate Rebounds as Asian Miners Bring Machines Back Online

After moving machines out of Sichuan, miners are bringing ASICs back online.

from CoinDesk https://ift.tt/35lBen2

Ethereum Heavyweights Launch LiquidStake Loans to Ease Eth 2.0 ‘Lockup’

LiquidStake will allow Eth 2.0 stakers to take out USDC loans against their staked assets while earning staking rewards from the new network.

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African Startups Should Tokenize to Break Biased Funding Cycles

Startup capital in Africa still favors foreign founders at the expense of homegrown projects. A proposal to break the cycle.

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First Mover: Bitcoin Pause, Ethereum Snafu, 1,000% Returns Put Focus on Exchange Tokens

Binance Coin and exchange tokens are popping as bitcoin's rally shows signs of temporary exhaustion and Ethereum gets snared in blockchain split.

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Number of Bitcoin ATMs Up 85% This Year as Coronavirus Drives Adoption

The number of bitcoin ATMs across the globe has surged amid a coronavirus-induced shift toward contactless payments.

from CoinDesk https://ift.tt/2ItdRi8

TrustToken Taps Chainlink for On-Chain Proof of Reserves for TrueUSD Stablecoin

The transparency measure is meant to provide additional certainty for decentralized finance (DeFi) traders who often rely on asset-backed stablecoins.

from CoinDesk https://ift.tt/32CDCUG

Bitcoin Likely to Consolidate Before December Rise Toward $20K, Say Analysts

The bitcoin market is likely to take a breather before continuing its rise toward $20,000 the end of the year, analysts told CoinDesk.

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Audius Has Big Numbers by Crypto Standards but Can It Take On SoundCloud?

A blockchain-based streaming site is betting tokens can win over artists and fans.

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ShareRing Brings Its Blockchain Identity Solution to Rakuten Travel Bookers

The integration will mean Rakuten Travel Xchange customers can opt to use ShareRing's self-sovereign identity app to access bookings.

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Exchange Tokens Are Skyrocketing as They Act More Like Equity; That Could be a Problem

Centralized exchange tokens have been skyrocketing this year, but there is one problem behind the astonishing performance: they are becoming more equity alike.

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Ethereum Service Providers Experience Issues After Reported Blockchain Split

The Ethereum blockchain network looks to be suffering issues Friday morning, with knock-on effects at related service providers.

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World’s Second Biggest Bank to Issue $3B in Bonds Tradable for Bitcoin

China Construction Bank will issue the debt securities over a blockchain, with trading to be available against bitcoin and U.S. dollars via an exchange partner.

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Cyberattackers Demand $11M in Bitcoin From Japanese Gaming Giant Capcom

Japanese gaming giant Capcom’s networks have reportedly come under attack, with criminals demanding a bitcoin ransom in exchange for not leaking confidential company information to the public.

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Market Wrap: Bitcoin Flat at $15.2K; Crypto Locked in DeFi at All-Time High

Bitcoin’s price takes a break while DeFi value locked is at record levels.

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Multisignature Wallets Can Keep Your Coins Safer (If You Use Them Right)

Multisignature wallets are cryptocurrency wallets which require two or more private keys to sign and send a transaction.

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Legendary Investor Stan Druckenmiller Turns Bitcoin Bull

Billionaire investor Stan Druckenmiller made pro-bitcoin comments on CNBC, joining other high-profile, ultra high-net-worth investors.

from CoinDesk https://ift.tt/36nf3Mr

ShapeShift Delists Privacy Coin Zcash Over Regulatory Concerns

XMR, DASH and ZEC "were delisted at the same time for the same reason – to further derisk the company from a regulatory standpoint."

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Volume Surge Brings 25% Turnover to ‘CoinDesk 20’

In the latest CoinDesk 20 revision, five assets were replaced by crypto assets that saw recent quarterly volume surges.

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MicroStrategy CEO Explains Why Bitcoin Is ‘a Million Times Better’ Than ‘Antiquated’ Gold

Even if they don’t know it yet, Michael Saylor thinks gold investors will eagerly dump the commodity for what he calls a superior store of value – bitcoin.

from CoinDesk https://ift.tt/2IoBoRy

Digital Voting Is Coming. Let’s Do It Right.

Cryptographic techniques, like zk-SNARKs and blockchains, could ensure online voting is secure and private.

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The Case for Bitcoin Banking (Despite Cred’s Bankruptcy)

The failure of a Bitcoin bank reinforces the merit of a Bitcoin-based financial system, says our columnist.

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Blockchain Bites: Billionaire Bullish on Bitcoin, Updates on Fowler’s Crypto Capital Case and More

The Silvergate Exchange Network added another exchange member while Riot Blockchain recorded bumper Q3 revenues.

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Lebanon Preparing Central Bank Digital Currency for 2021 Rollout

Central bankers hope the CBDC will help restore confidence in Lebanon's shaky banking sector.

from CoinDesk https://ift.tt/3kdSZsF

Kadena Partners With Stablecoin-Maker Terra in Bid to Expand Its DeFi Offering

The hybrid blockchain maker, Kadena, announced on Tuesday that it has partnered with Terra and will be adding Terra’s stablecoin Luna to its decentralized exchange (DEX) Kadenswap.

from CoinDesk https://ift.tt/2UqJqw5

Texture Capital Awarded FINRA License to Trade Security Tokens

Texture is the latest tokenization firm to eye the $1.5 trillion private securities market.

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3 Ways Coinbase Could Lose Its Crypto Crown

As Coinbase nears a possible IPO, the powerhouse exchange faces several big challenges, says Fortune senior writer Jeff Roberts.

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First Mover: Bitcoin Needs No Vaccine as Druckenmiller Lays Down ‘Better Bet’

Price reaction to vaccine breakthrough renews dialogue over whether bitcoin trades like a risk-on asset, inflation hedge or neither.

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Crypto Custodian Anchorage Gets SOC 1 Security Certification With Big 4 Auditor EY

Crypto services provider Anchorage said it received a third-party SOC 1 Type 1 certification from auditor EY.

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Gemini Exchange Building ‘Wrapped Filecoin’ for the Ethereum Network

Gemini is calling on developers who want to assist the effort to bring the FIL token to Ethereum.

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3 Reasons Bitcoin Has Rallied Over 60% in Just Two Months

We've all watched bitcoin rally sharply since September. But what's driving the bull market?

from CoinDesk https://ift.tt/32t7jqU

West African Program Will Store Weather Data on Telos Blockchain

Telokanda, a collaboration between Telos and open-source weather tech company Kanda in West Africa hopes to engage local communities in collecting and sharing weather data on the Telos public blockchain. -

from CoinDesk https://ift.tt/2IndVQX

Blockchain Grain Trading Platform Sees Commercial Launch to Tap Russia Market

Agri-trading platform Cerealia will focus on international trading for the world's largest wheat market, Russia.

from CoinDesk https://ift.tt/35gv2g4

Former NFL Player’s Lawyers Seek to Withdraw From Crypto ‘Shadow Banking’ Case

Lawyers of embattled former NFL player and investor Reginald Fowler have filed a motion to withdraw as his representative counsel.

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Ex-Microsoft Dev Gets 9 Years in Prison Over $10M Theft Involving Bitcoin Mixing

The former Microsoft software engineer was sentenced Monday for an elaborate criminal scheme involving bitcoin and digital gift cards.

from CoinDesk https://ift.tt/3kgZATd

Hong Kong’s Amber Group Picks BitGo Trust in Quest for Institutional Investors

BitGo’s status as a qualified custodian should draw more high-net-worth investors to Amber from places like Hong Kong, Taiwan and Seoul.

from CoinDesk https://ift.tt/36n7khk

Riot Blockchain Mined 224 Bitcoins in Q3

Riot reported a current mining capacity of 556 peta hash per second.

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SEC Commissioner Peirce Says Regulations Should Be Slow, Though Crypto Rules Could Be Faster

New regulations take time to allow for public feedback, SEC Commissioner Hester Peirce said at CoinDesk's Bitcoin for Advisors conference.

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Flaw in Bitcoin SV Multisig Wallet Puts Funds at Risk

Bitcoin SV scrapped Bitcoin’s multisignature design and created its own. The insecure design is causing problems for some BSV users.

from CoinDesk https://ift.tt/3paDF3z

Market Wrap: Bitcoin Drops as Low as $14.8K; ETH Options Open Interest at Record High

Bitcoin’s price performance has been choppy while ether options trading has gained steam.

from CoinDesk https://ift.tt/32u7EtB

Why Bitcoin Needs Philosophy

When should I CoinJoin? What is a Bitcoin transaction? Are forked cryptos new assets? These seemingly quotidian crypto questions are deeper than you think.

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The Biggest Macro Event Since March

According to the bright minds of FinTwit, the biggest event isn’t the U.S. presidential election but today’s Pfizer vaccine update.

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Binance.US Joins SEN, Silvergate’s 24/7 Crypto Trading Club

Binance.US has joined the Silvergate Exchange Network (SEN), a 24/7 instant settlement network operated by Silvergate Bank.

from CoinDesk https://ift.tt/3lfQRSt

Beijing Municipal Government Conference Notes Plans to Pilot CBDC in China’s Capital

The discussion of China's digital yuan at a regional-level conference indicates the pilot is being included in state-level planning.

from CoinDesk https://ift.tt/3kguNWi

Billionaire Hedge Fund Investor Druckenmiller Says He Owns Bitcoin in CNBC Interview

The Wall Street legend still owns far more gold, but said if gold does well, bitcoin will do better.

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Addicted to Crypto?

Some trade crypto because they have to; some of us just can't stop. What it means to be addicted.

from CoinDesk https://ift.tt/2IkD8v6

Blockchain Bites: Figure Files for Banking Charter, Cred for Bankruptcy

Also: Ripple is opening a new office in Dubai and President-elect Joe Biden mulls two crypto-friendly potential cabinet picks.

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First Mover: What’s Next for Bitcoin as Wall Street Gets Vaccine Booster

Crypto markets could turn on a shift in economic policies as U.S. President-Elect Joe Biden's transition team starts to meet.

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Markets Spike as Coronavirus Vaccine Trial Shows 90% Success Rate

Bitcoin and U.S. stock futures shot up on Monday after Pfizer announced positive results from a trial of its coronavirus vaccine.

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Bitcoin’s Weekly Close Above 2019 High Leaves Runway Clear to $20K

Bitcoin has closed above last year's high, toppling a final technical barrier on the road to a potential new all-time high.

from CoinDesk https://ift.tt/2UffTVH

Debate Rages on Whether a Digital Dollar Will Unleash Inflation

Some speculate that if the Fed implements a digital dollar, soaring inflation will soon follow.

from CoinDesk https://ift.tt/3pecdlm

Norway Central Bank Official Says ‘No Acute Need’ to Introduce a Digital Currency

The deputy governor of the Norges Bank said there's no urgent need for the nation to launch a digital krone in a speech Thursday.

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New Jersey Moves Closer to Crypto License With Introduction of Senate Bill

New Jersey has inched closer to implementing its own "BitLicense."

from CoinDesk https://ift.tt/3naydvB

Family Offices May Now See Bitcoin as Alternative to Gold: JPMorgan Report

In a research report by JPMorgan’s global markets team, analysts noted that Grayscale Bitcoin Trust’s flow trajectory outperformed gold exchange traded funds.

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Crypto Long & Short: Bitcoin Gets Ready for a New Type of Hedge

Traditional 60/40 portfolio allocations to equities and bonds is doing a disservice to savers. It’s time for a new type of hedge.

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Crypto Lender Cred Files for Bankruptcy

In October, the lender published a cryptic letter saying that it has experienced “irregularities” in the handling of “specific” corporate funds by a “perpetrator of fraudulent activity.”

from CoinDesk https://ift.tt/3nb2s5X

Privacy Coin GRIN Is Victim of 51% Attack

A 51% attack occurs when a miner (or miners) acquires more than 50% of the network's mining hash power and takes control of the network,

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Why Emerging Markets Are Wary of Modern Monetary Theory

While MMT may be the de facto policy of rich Western governments, applying it to developing economies could be disastrous.

from CoinDesk https://ift.tt/2GJvv0O

The Terminators: A Short Story

Sia co-founder David Vorick's short story takes the perspective of the decentralized web recounting its own, inevitable rise.

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Ripple Opens Dubai HQ as Blockchain Firm Mulls Leaving US

The blockchain company's new Middle East and North Africa headquarters will be within the DIFC financial hub.

from CoinDesk https://ift.tt/2JKa3tz

Crypto Impact Unclear After Joe Biden Unseats Donald Trump as Next US President

Joe Biden’s picks to head key regulatory agencies could redefine cryptocurrency policy in the coming years. Exactly how remains an open question.

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Veteran Investor Bill Miller Says Every Major Investment Bank Will Own Bitcoin or Something Like It

Following bitcoin purchases by MicroStrategy and Square, Miller said every major investment bank and high net worth firm will eventually have exposure to bitcoin or commodities like gold.

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How a Massive Devaluation of the Egyptian Pound Inspired a $100M Bitcoin ETP

Hany Rashwan, CEO of Amun/21Shares, explains how the proverbial bitcoin lightbulb went off when his native Egypt’s currency devalued in 2016.

from CoinDesk https://ift.tt/3n4kKFY

Market Wrap: Bitcoin Loses Steam at $15.9K; Over 600K ETH Yanked From DeFi

Bitcoin’s price was close to $16,000 Friday but lost momentum while ether locked in DeFi is on a downward trend.

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California’s Prop. 24 Could Be a ‘Silver Lining’ for Crypto Exchanges Looking to Comply With GDPR

Chair of the Prop. 24 advisory board and crypto advocate, Andrew Yang, thinks it could set a new bar for data privacy rights across the U.S.

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How the World Stopped Producing Enough Money, Feat. Emil Kalinowski

In a year when the popular narrative says money printing went crazy, the host of “Making Sense/Eurodollar University” says the problem is actually too little money.

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Figure Technologies Applies for US National Bank Charter

A charter would give the fintech national clearance for its blockchain-based financial services.

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Spot Markets, Not Leverage, Fuel Bitcoin’s Price Rally Amid Mild Derivative Liquidations

Derivatives' role in bitcoin's rally is "muted" this time, said one trader.

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Canada Tax Collector Seeks to Force Crypto Exchange Coinsquare to Fork Over Client Records

The demand mimics a play tax enforcers at the IRS deployed against Coinbase.

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Blockchain Bites: Buterin’s Stake, Google’s Bitcoin Searches, Square’s Bustling BTC Business

Cash App generated over $1 billion in bitcoin revenues in Q3. Though, Google search data shows little "FOMO" amid the current market bull run.

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Money Reimagined: Crypto-Informed Ideas for the Future of Government

The latest column from CoinDesk's chief content officer features big ideas for rethinking government in the internet age.

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Hive Blockchain Buys, Deploys 1,240 Bitcoin Mining Machines, Nearly Doubling Hash Power

The Vancouver firm is targeting 1,000 PH/s in the next 12 months.

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Coronavirus Driving Interest in CBDCs, Say Central Bank Chiefs

Central banks meeting in Russia said the coronavirus pandemic is a driving force behind growing interest in national digital currencies.

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To Stake or No? That’s the Eth 2.0 Question

Pioneers in staking face a tough choice between securing Ethereum 2.0 and the opportunity costs of freezing their assets.

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Licensed Swiss Crypto Bank Launches Tezos Trading and Staking

Sygnum Bank now offers trading and staking of Tezos, its first listing of a proof-of-stake cryptocurrency.

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First Mover: Resistance Is Futile as Bitcoin Breaches $15K, Crypto Gets Greedy

As bitcoin surges, bullish analysts (and greedy traders) see few stopping points before prices challenge the all-time-high near $20K.

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Vitalik Buterin Sends $1.4M of Ether in Preparation for Ethereum 2.0 Staking

Stakes are growing as the next iteration of the blockchain network, Ethereum 2.0, launches in just weeks.

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As Bitcoin Surges, Google Searches Suggest Little FOMO Among Retail Investors

Web search data suggests popular interest in bitcoin remains at normal levels, despite a sharp price rally to near $16,000.

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Financial Advisors, Bitcoin Is the Next Amazon

Bitcoin still has its fair share of doubters. So did Amazon at one time.

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South Korean Crypto Firms Must Disclose Users’ Identities Under Planned Law Change

South Korea's top financial watchdog wants legal changes making it mandatory for cryptocurrency firms to report the names of customers.

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Sygnum Bank Now Stores Digital Assets With Taurus Group

Taurus Group has taken on licensed Swiss bank Sygnum as the latest client for its digital asset custody services.

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Square Reports $1B in Quarterly Bitcoin Revenue for First Time: Q3 Earnings

"Cash App generated $1.63 billion of bitcoin revenue and $32 million of bitcoin gross profit during the third quarter of 2020."

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Buggy Code in This Compound Finance Fork Just Froze $1M in Ethereum Tokens

Some $1 million in Ethereum tokens is locked in a new DeFi app after its developers made changes to the protocol’s contracts.

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Visa’s Planned $5.3B Purchase of Fintech Firm Plaid Challenged by US DOJ

The Justice Department alleges Visa’s acquisition of Plaid would eliminate competition in the online debit market, leading to higher prices.

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Fidelity Digital Assets Is Hiring More Crypto Engineers

Fidelity said it wants to improve bitcoin custody and executive services and build products to "support the ecosystem."

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Bitcoin Hits $15,000: Here Comes the FOMO

Twitter interprets today’s massive price action, as bitcoin smashes through $15,000, its highest price since 2017’s record-breaking run.

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What October’s Metrics Tell Us About BTC, ETH and Volatility

CoinDesk Research's Monthly Review for October focuses on Bitcoin and Ethereum plus some of the stories their on-chain metrics are telling us.

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Federal Reserve Keeps Rates Close to Zero, Maintains Asset Purchases

Federal Reserve releases statement from this week's monetary-policy meeting.

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Blockchain Bites: Bitcoin at $15K, $1B Silk Road Bust

Bitcoin’s price keeps climbing amid election uncertainty. A Russia power provider looks to crypto mining. Coinbase eyes Japan.

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US Seized More Than $1B in Silk Road–Linked Bitcoins, Seeks Forfeiture

The seizure on Tuesday, tied to the Silk Road marketplace, is reported to be the largest the U.S. has ever done.

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Bitcoin Breaks $15K as Investor Numbers Peak

Bitcoin's rally is still going as investors continue to accumulate the cryptocurrency, ignoring overbought signals on technical indicators.

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Major Spanish Firms Including Santander Unveil Blockchain Identity Project

A group of Spanish companies, including banks and energy firms, is working to develop a "self-managed" digital identity system using blockchain technology.

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Lightning Operators Are Bracing for a Bitcoin Bull Run

Lightning routing node operators are preparing for the horde of new users that will come in bitcoin's next bull run.

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Why Crypto Is the Next Big Trend in Financial Planning

If the robo-advising trend taught advisers anything, it's that millennial and Gen X investors will invest how they want. And right now, they want crypto.

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‘Permanent Dropbox’ App Launches on Arweave

ArDrive lets users pay a fee once, depending on the price of Arweave tokens, and have their files live forever on the web.

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First Mover: Bitcoin Likes Biden (and Fed’s Powell) as Price Approaches $15K

The Federal Reserve, established as lender of last resort to banks, looks to be stimulus provider of last resort with U.S. government divided.

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Election Bets Drive Fee Spike at Predictions Platform Polymarket

Amid the election excitement, decentralized predictions site Polymarket has become the fourth-highest blockchain project by fees generated.

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Someone Just Paid a $9,000 Fee for a $120 DeFi Transaction

A Reddit user said they accidentally paid a fee 80 times the transaction value while executing a swap on Uniswap.

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Crypto Exchange Coinbase Is on a Hiring Spree in Japan

Coinbase is hiring in Japan, with various roles up for grabs in the capital Tokyo.

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Cryptocurrency CEO Donated Second-Largest Amount to Joe Biden’s Campaign

Sam Bankman-Fried, the CEO of cryptocurrency derivatives platform FTX, made the second-largest donation to Joe Biden's presidential campaign.

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Bitcoin Jumps Above $14.5K, Taking 2020 Gains to Over 100%

Bitcoin's price jumped to a 33-month high of $14,558 soon before press time, taking the year-to-date gains to 101%.

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Russian Hydropower Giant Opens Bitcoin Mining Farm

En+, one of the world's largest energy producers, is joining forces with crypto firm BitRiver to open new mining farms in Russia.

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Bitcoin Is Good for PayPal, but Is PayPal Good for Bitcoin?

PayPal's embrace of crypto brings a potential 345 million people into the ecosystem. But where banks go, regulators follow.

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Wasabi Wallet 2.0 Will Offer Automatic CoinJoins by Default to Boost Privacy

One of the main Wasabi Wallet 2.0 improvements is not just to the CoinJoin design through WabiSabi, but also its usability. We could see it debut in about nine months.

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Blockstream Is Working on Simpler, More Private Multi-Sig Bitcoin Transactions

Made possible by Taproot, MuSig2 is designed to make multi-signature Bitcoin transactions less complex without sacrificing privacy.

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US Seizes $24M in Crypto as Part of Brazilian Probe of $200M Fraud Scheme

The seizure was made after a request from Brazil for help with a large cryptocurrency fraud scheme.

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FTX Looking to List ‘Beacon Chain’ Ether as Deposit Contract Goes Live

Exchanges may consider markets for “Beacon chain ether” – that is, ether that’s been staked in the Ethereum 2.0 deposit contract.

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Court Enters $900K Judgment Against Crypto Ponzi Scammer on Behalf of CFTC

Venture Capital Investments Ltd. raised $534,829 from 72 victims, falsely promising to invest funds in bitcoin and other assets.

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Market Wrap: Bitcoin Jumps to $14.2K; Ethereum Gas Usage Grows 113% YTD

Bitcoin’s price bounced Wednesday as Ethereum transaction fee data shows a DeFi downturn.

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ErisX Unit Gets CFTC ‘OK’ to Clear Fully Collateralized Swaps

The clearing arm of ErisX got CFTC approval to diversify beyond digital currencies.

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‘Economics Will No Longer Be the Handmaiden of Politics’: A History of the Cypherpunks, Feat. Jim Epstein

An enlightening conversation with Reason’s Jim Epstein, who just released a four-part YouTube documentary on the cypherpunk movement.

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US Prosecutors Seek ‘Substantial’ Prison Sentence for Centra Tech Co-Founder in $25M Fraud Token Sale

According to court documents, U.S. federal prosecutors are asking that one of Centra Tech’s co-founders, Robert Farkas, be sentenced to prison instead of his request for home confinement and community service.

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4 Charts Showing Why Financial Advisers Should Care About Bitcoin

From a hedge against inflation to its uncorrelated relationship with stocks, advisers have plenty of reasons to be interested in bitcoin.

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FTC Sending More Than $470K to People Duped by Bitcoin Funding Team, My7Network Scams

Most of the the participants in the schemes failed to recoup their initial investments, the FTC said.

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Crypto.com: We Got the Highest Ratings on Privacy, Security Based on US Standards

The crypto exchange and finance platform said it got high ratings for privacy and security using standards developed by a U.S. government agency.

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Blockchain Bites: Ethereum 2.0’s Deposit Contract Goes Live as ETH Miner Revenues Dwindle

Ethereum stakers can now begin depositing the 32 ether (ETH) required to stake on Eth 2.0.

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$14.1K: Bitcoin Breaks New 2020 High With US Election Still Undecided

Bitcoin has broken fresh 2020 highs as uncertainty remains in the U.S. presidential election.

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Ethereum 2.0 Countdown Begins With Release of Deposit Contract

Ethereum 2.0’s deposit contract is now live, heralding the imminent unveiling of the "world computer's" second act.

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Just Another Day for Bitcoin as US Election Slides Into Discord, Division

Prediction markets show Trump losing, though bitcoin bulls didn't get Democratic "blue wave" that might have brought speedy stimulus package.

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Razor Network Raises $3.7M to Prove There’s Room for More Oracles in DeFi

Razor Network raised $3.7 million in seed funding from NGC Ventures, Alameda Research and Mariano Conti, the former oracles chief at MakerDAO.

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Chinese Payments Giant UnionPay to Support Crypto Spending With New Virtual Card

The world's biggest credit and debit card company will support payments with a South Korea-developed cryptocurrency for an upcoming virtual card offering.

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‘Digital Mercenaries’: Why Blockchain Analytics Firms Have Privacy Advocates Worried

Blockchain surveillance highlights the tension between further crypto transparency that encourages wider adoption and its cypherpunk roots.

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Binance Recovers $344K From DeFi ‘Exit Scam’ That Launched on Its Platform

Having raised the funds at launch on Binance Smart Chain in October, the operator fled with users' cryptocurrency "within an hour," Binance said.

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Nearly $1B in Bitcoin Moves From Wallet Linked to Silk Road

A wallet possibly belonging to early darknet market Silk Road moved almost $1 billion-worth of bitcoin early on Wednesday.

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Australian Senator Touts Blockchain Tech for ‘One-Touch’ Government

An Australian senator has come out as a big fan of blockchain, saying the technology could help facilitate government processes, tighten up financial regulation and more.

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Bitcoin Drops as Trump Threatens to Stop Vote Counting

Bitcoin fell after President Trump alleged "fraud” in the presidential election and pledged to stop vote counting.

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LIVE: CoinDesk Covers the 2020 US Election and Crypto Impact

CoinDesk is covering Election 2020 live, with real-time analysis of its impact on the crypto space.

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Here Are the 2020 US Election Races Crypto Should Watch

Lawmakers who are important to the crypto industry are on the ballot this year. CoinDesk is tracking these races for Election 2020.

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Uniswap’s Retroactive Airdrop Vote Put Free Money on the Campaign Trail

A detailed blow-by-blow of one of the most closely watched governance decisions in the history of DeFi.

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A (Not Quite) Complete History of Money, Feat. Planet Money’s Jacob Goldstein

One of the hosts of NPR’s legendary “Planet Money” takes us on a whirlwind tour of some of the key moments of money history in the last 1,000 years.

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DeFi Sell-Off Continues as Index Futures Retrace to June Levels

DeFi indices on FTX and Binance continue to plummet

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Ethereum Fees Plummeted 65% in October as DeFi Volumes Fell Back to Earth

Miners' income from processing transactions on the Ethereum blockchain more than halved in October as the mania for DeFi cooled.

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US Bitcoin Mining Firm Layer1 in Legal Tussle Over Power Plant Ownership

Layer1 Technologies is facing a lawsuit from a co-founder who claims he invested millions of dollars and was then forced out of the firm.

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Alameda Research Invests $3M in 3Commas Crypto Trading Platform

Sam Bankman-Fried’s Alameda Research has invested $3 million in trading platform 3Commas.

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ZenGo Joins Visa Fast Track Program to Get Non-Custodial Crypto Card Off the Ground

Visa has added crypto wallet provider ZenGo into its Fast Track program. The startup hopes to launch a debit card in the U.S. in early 2021.

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NIFTEX Raises $500K to Build Out NFT Trading Platform

NIFTEX, the platform that allows for the fractional trading of non-fungible tokens (NFTs), announced a $500,000 funding round led by 1kx.

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First Mover: 11 Election Talking Points on Bitcoin as TRUMP Futures Point to Loss

From a look-back to bitcoin's price reaction in November 2016 to the ramifications of a "blue wave" (or red), here's how to play the election.

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Shanghai, Hong Kong Stock Exchanges Pause Ant Group IPO Over Regulatory Concerns

Ant Group's IPO has been suspended on both the Shanghai and Hong Kong stock exchanges due to significant changes in China's regulatory environment for fintech firms.

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The Crypto Industry Remains Mostly Unengaged in Election 2020

The cryptocurrency industry did not get heavily engaged in this year’s election, either via donations or lobbying.

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Bitcoin Advocate Jack Dorsey to Stay On as Twitter CEO

Dorsey's leadership position had been under scrutiny after activist investor Elliott Management took a major stake in Twitter in February

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HSBC Carries Out Bangladesh’s First Blockchain Letter-of-Credit Transaction

HSBC said the transaction over the Contour trade finance blockchain platform slashed the time normally taken to process letters of credit.

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Bitcoin’s Implied Volatility Rises Ahead of US Election

The bitcoin options market looks to be predicting a pick up-in price volatility following the U.S. presidential election.

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Ripple Joins Business Alliance Advocating ‘Safe and Accessible’ US Election

Blockchain payments startup Ripple has joined an alliance comprising of almost 1,000 major U.S. companies and CEOs calling for calm and fairness in Tuesday's presidential election.

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Bitcoin’s Mining Difficulty Sees Largest Percentage Drop in 9 Years

Bitcoin’s mining difficulty just recorded its largest percentage decrease since the advent of ASIC mining machines in late 2012.

from CoinDesk https://ift.tt/327MUaS

Hong Kong’s Securities Watchdog May Soon Regulate All Crypto Trading Platforms

Hong Kong's government is set to change the rules for cryptocurrency trading firms operating within the city jurisdiction.

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The 2020 Elections Are Boosting Crypto Prediction Markets

Decentralized betting platforms like Polymarket and YieldWars are seeing accelerated trading volume growth leading up to the 2020 presidential election.

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SEC Finalizes Rule Change That Could (One Day) Juice Token Sales

Companies can now raise more money under three key securities exemptions without having to register with SEC.

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Who Is Better for Bitcoin, Trump or Biden?

In a chaotic year of dueling recriminations and very different visions of the future, the real question of this U.S. presidential election is: Who is better for bitcoin?

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Mastercard President Says Crypto Patents Will Pay Off When Central Bank Digital Currencies Arrive

Crypto IP "puts us in a good position" for central bank digital currency, said Mastercard President Miebach.

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Decentralized Exchange Volume Dropped 25% in October

A steeper decline was avoided by one record day for Uniswap and Curve.

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Huobi Denies Rumors That Senior Executive Was Arrested

Huobi said Monday that rumors alleging one of its senior executives had been arrested were false.

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In the CBDC Race, It’s Better to Be Last

As countries like China and Sweden rush to develop digital currencies, the U.S. can afford to take its time.

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Tron Blockchain Stalled for Hours by ‘Malicious Contract,’ Justin Sun Says

A “malicious contract” caused a Tron blockchain super representative to suspend block production for a few hours on Monday.

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Blockchain Bites: Digital Yuan’s 4M Transactions, Bitcoin’s 33-Month High, Uniswap’s Second Governance Vote

October saw the first time the total value locked in all DeFi protocols closed below the month’s starting value.

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Hut 8 Appoints Jaime Leverton as CEO

Interim CEO Jimmy Vaiopoulos will return to his role as CFO.

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Bitcoin’s Lightning Network Is Getting a Marketplace for Payment Channel Liquidity

Lightning Labs new service, Pool, provides a marketplace for Lightning Network businesses and users to lease payment channel liquidity.

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DeFi Trading App Dharma Now Connects Directly to US Bank Accounts

The startup for trading in decentralized finance (DeFi), Dharma, has now enabled automated clearing house (ACH) purchases in 10 U.S. states.

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Decentralized VPN Sees Increased Use in Nigeria Amid #EndSars Protests

Nigerians are protesting police corruption and concerns about a possible internet shutdown have driven some to adopt decentralized VPNs like Mysterium.

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Paxful to Roll Out Crypto Debit Card for US Customers

The peer-to-peer digital asset marketplace is launching a Visa card, starting in the U.S. market.

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Bitcoin Miners Saw 8% Revenue Increase in October

12% of revenue came from fees, the highest percentage since Jan. 2018.

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First Mover: Bitcoin Retreats Before US Election After Dominating Crypto in October

Bitcoin had an unusually bullish October, with a 29% gain that led the monthly performance ranking of digital assets in the CoinDesk 20.

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Binance Labs–Backed ‘DeFi Credit Union’ Bringing Higher Yields to Savers in Nigeria

With backing from Binance Labs, Nigeria's Xend Finance is looking to bring DeFi to the world of local credit unions.

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eToro Adds Insolvency Insurance Policy – Crypto Users Not Included

The free insurance scheme covers customers for up to £1 million if the firm should ever become insolvent. But crypto holders are left out in the cold.

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Opium Raises $3.3M to Make Exotic Crypto Derivatives Available to All

Opium has closed a $3.25 million funding round for its BYOD (build your own derivative) platform

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Blockchain Could Make Dismantling Nuclear Warheads More Secure: UK Report

Nations working to decommission nuclear weapons should turn to blockchain to build trust and make the verification process more secure, a new policy report says.

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Bitcoin Revisits $13.5K After Posting Best Month Since April

After October's double-digit price gain, bitcoin may be looking at a short-term pullback.

from CoinDesk https://ift.tt/3eks1hn

Cayman Islands Announces Legal Framework in Bid to Attract Crypto Businesses

The Cayman Islands is building a regulatory framework for "virtual asset service providers" with some measures already enacted.

from CoinDesk https://ift.tt/3jO49E4

PBoC Governor Says ‘Successful’ Digital Yuan Trials Have Transacted $299M

The governor of the People's Bank of China praised recent tests of the digital yuan at the Hong Kong Fintech Week conference on Monday.

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Australian Central Bank, Commonwealth, National Australia Bank Partner on CBDC Research Project

The partnership will explore the possible use and implications of a wholesale form of central bank digital currency using distributed ledger technology.

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Crypto Long & Short: Wyoming Is Crypto’s ‘Wild West,’ Which Is Exactly What We Need

An innovative region far from the center of financial power is taking meaningful steps towards reforming finance from the edges.

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Square Funds Designer to Make Crypto Wallets Usable by Anyone

Maggie Valentine was awarded the grant to help make bitcoin wallets usable by anyone.

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Uniswap Proposal to Airdrop More UNI Falls Short in Governance Vote

The votes were staggeringly in favor, but a quorum was not reached, and Uniswap’s second-ever governance proposal has been defeated.

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Dark Web Hackers Claim to Hold Keys to 10K Robinhood Accounts: Report

The number of Robinhood-related emails for sale outnumber those for other brokerages by about 5-to-1, the report says.

from CoinDesk https://ift.tt/324lpPw

Technician in Italy Used Airport’s Computers to Mine Ethereum in Italy: Report

Using the airport's computers allowed the miner to avoid the cost of electricity needed to mind crypto, the report said.

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ECB Begins Public Survey About a Digital Euro, Implying a Broad Retail Offering Is Now on the Table

The survey indicates a much more profound change in the way finance works is being contemplated.

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By the Numbers: More Bitcoin Bulls Than Ever Before

A Long Reads Sunday reading of Grayscale’s recent “Bitcoin Investor Survey.”

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