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Crypto ETF Race Heats Up in 2021- Valkyrie Bitcoin Trust Files to List Shares on NYSE
24.1.2021
2021 has been an explosive year for bitcoin as the crypto asset has touched new all-time price highs as cryptocurrencies have seen increased demand. Meanwhile, a number of crypto proponents expect the first exchange-traded fund (ETF) to be approved this year as a number of firms are racing...
Nasdaq-Listed Crypto Firm Sued, Accused of Defrauding Investors With Fake Bitcoin Mining Business
24.1.2021
A class-action lawsuit has been filed against a Nasdaq-listed bitcoin mining company. The suit cites a report claiming that the business is “completely fraudulent,” with nonexistent bitcoin mining operations. Lawsuit Alleges Crypto Firm’s Bitcoin Mining Business...
Chainlink’s LINK Cryptocurrency Hits New Record Price High
24.1.2021
The cryptocurrency is now up 105% since Jan. 1, 2021
Indian Crypto Exchange Buyucoin Hacked, Sensitive Data of 325K Users Reportedly Leaked
24.1.2021
Indian cryptocurrency exchange Buyucoin has reportedly been hacked and sensitive data of about 325,000 users has reportedly been leaked onto the dark web. According to reports, the leaked data includes personal information, encrypted passwords, user wallet details, order details, bank details,...
Bitcoin Whales Grow After Price Bottoms, Analyst Says ‘Coins Are Moving to Very Strong Holders’
24.1.2021
While the price of bitcoin has been consolidating just above the $30k handle, onchain data shows that when the price dropped to $28,800, bitcoin whales bought the dip. Statics from Glassnode’s web portal shows the number of addresses with more than 1,000 bitcoin has spiked after hitting...
Voyager Token (VGX) gains 926% as mergers and acquisitions bring new users
23.1.2021
Plans to expand in Europe and a series of mergers led Voyager Token to rally 926% in less than a month
Janet Yellen Clarifies Her Stance on Bitcoin — Promises ‘Effective’ Crypto Regulation
23.1.2021
Joe Biden’s pick to become the new U.S. Treasury Secretary, Janet Yellen, has clarified her stance on bitcoin and cryptocurrencies. This follows her remarks during a Senate hearing when she said that cryptocurrencies are mostly used for illicit financing. Janet Yellen Clarifies Her Crypto...
Crypto Crime Fell Sharply to Only 0.3% of All Cryptocurrency Activity in 2020
23.1.2021
A study by blockchain analytics firm Chainalysis finds that cryptocurrency-related crime has fallen significantly. The criminal share of all crypto activity fell to just 0.34% in 2020. This contradicts recent statements by U.S. Treasury Secretary nominee Janet Yellen and ECB President Christine...
Panamanian Lawmakers to Hold Discussions on Regulating Cryptocurrencies in the Country
23.1.2021
Panamanian lawmakers will start to analyze a draft bill that seeks to regulate cryptocurrencies in the nation. Local deputy (MP) Rolando Rodríguez presented the bill to the Commerce Commission of Panama’s National Assembly. Draft Bill’s Author: Panama Is Lagging Behind Other...
Premium on Grayscale’s GBTC Drops as Reports of New Trusts Emerge: Chinese Crypto Community Unhappy
23.1.2021
Following the recent bitcoin price pullback, the latest Skew data now indicates that the premium rate on Grayscale’s GBTC is under 10%. The lower rate comes just weeks after the premium peaked at 41% towards the end of December. The GBTC premium is a measure of the extent of differences...
Privacy-Centric Cryptocurrency Firo Suffers 51% Attack on Its Network
23.1.2021
The proof-of-work (PoW) cryptocurrency Firo announced that its protocol came under a 51% attack, notifying its holders to stop transactions. Formerly known as Zcoin, the privacy coin was reportedly subject of a blockchain reorganization attack. Firo Team Clarified the Attack Cannot Be Attributed...
Vaneck Files for Crypto ETF That Gives Investors Exposure to Equity in Digital Asset Companies
22.1.2021
The exchange-traded fund provider, Vaneck has filed for a Digital Asset ETF, which aims to hold equity in companies that generate revenue from cryptocurrency services. The latest ETF filing is different from the fund Vaneck applied for in mid-December, as it aims to bring investors exposure to...
Bitcoin Seen as the Largest Bubble but ‘Tesla More Vulnerable’ — Deutsche Bank Survey
22.1.2021
Deutsche Bank has conducted a survey about financial bubbles. Eighty-nine percent of respondents see some bubbles in financial markets, with bitcoin near the “extreme bubble” territory. However, more respondents expect the cryptocurrency to double than they do Tesla’s stock....
Buying the Dip: Multibillion-Dollar Microstrategy Invests $10 Million More in Bitcoin
22.1.2021
Nasdaq-listed multibillion-dollar company Microstrategy has purchased more bitcoins. With the latest buy of the cryptocurrency worth $10 million, the company now holds 70,784 bitcoins in its treasury. Microstrategy’s Bitcoin Holdings Rise to 70,784 The Nasdaq-listed Microstrategy (NASDAQ:...
Crypto Economy Shaves $100 Billion, Digital Asset Markets Recover Some Losses
22.1.2021
Digital currency markets have dropped in value during the last two days as more than $100 billion was shaved off the entire crypto market valuation. Bitcoin slid to the lowest point of the year at $28,800 per unit on Thursday afternoon, and a number of other crypto-assets saw significant losses...
Joe Biden Freezes FinCEN’s Crypto Wallet Rulemaking — US Crypto Regulations Under Review
22.1.2021
New U.S. President Joe Biden has frozen all agency rulemaking, including the proposal by the Financial Crimes Enforcement Network (FinCEN) relating to cryptocurrency wallets. Biden will appoint someone to “review any new or pending rules,” the White House has announced. FinCEN’s...
Crypto Fear and Greed index drops to October 2020 levels
22.1.2021
The Crypto Fear and Greed index shows that the cryptocurrency market sentiment has just shifted from “Extreme Greed” to “Fear.”
Thai Financial Watchdog Asks Local Crypto Exchange to Fix Issues After Three Massive Outages
22.1.2021
The Securities and Exchange Commission of Thailand (SEC) issued an order against a local cryptocurrency exchange to temporarily stop its operations. Bitkub has been in the headlines since the start of the year due to several outages suffered in their systems. Crypto Exchange Suffered Three Massive...
Rick and Morty Creator Sells NFT Art Collection for Over $1 Million in Ether
22.1.2021
Justin Roiland, the co-creator of the Adult Swim cartoon series Rick and Morty has joined the growing trend of celebrity artists creating non-fungible token (NFT) artwork. After the animator released the collection called “The Best I Could Do” on the NFT auction house Nifty Gateway,...
Biden Administration Reported to Be Lining up a Former Ripple Advisor as the Next Bank Regulator
22.1.2021
Micheal Barr, the former member of Ripple’s board of advisors, is set to become the United States’ next banking regulator, according to a report. A former assistant treasury secretary, Barr will become the second individual with crypto connections to lead the Office of Currency...