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JPMorgan Warns of Bitcoin Correction, Describing BTC as Overbought
22.12.2020
JPMorgan’s analysts have warned about the odds of a bitcoin correction which would increase if the flows into Grayscale’s bitcoin trust slow significantly. The analysts indicated that bitcoin is “overbought.” JPMorgan Reveals Bitcoin’s Outlook The analysts at JPMorgan...
SEC to Sue Ripple Over XRP Cryptocurrency — CEO Insists XRP Is Not a Security
22.12.2020
The U.S. Securities and Exchange Commission (SEC) is set to bring a lawsuit against Ripple over the XRP cryptocurrency which it considers a security, according to Ripple CEO Brad Garlinghouse. Insisting that XRP is not a security, he calls the SEC’s lawsuit an attack on cryptocurrency that...
G-Wallet Ushers in New Era With Hybrid Wallet
22.12.2020
PRESS RELEASE. G-Wallet, a decentralized crypto platform and wallet provider has revealed a series of updates on its blockchain ecosystem. The updates focus on the development of its hybrid wallets and other features offered by the blockchain platform. G-Wallet is Building a Sustainable...
Barcelona FC Player Gerard Piqué Invests in Ethereum-Based Fantasy Football Platform Sorare
22.12.2020
The Barcelona FC captain has announced his official inception into the non-fungible token (NFT) industry by investing $4.3 million in the fantasy football platform Sorare. Barcelona FC Player Invests in NFT Fantasy Football Platform Sorare, Joins as Strategic Advisor According to Sifted, Gerard...
The Ledger Saga: Death Threats, SIM Swaps, Lawsuits & No Reimbursements
22.12.2020
The unfortunate Ledger saga continues as, following the massive data dump, people now claim they receive death treats in their native language, some say they've been sim-swapped, and others warn their emails are being used to set up Coinbase accounts. Meanwhile, the CEO said Ledger will...
US Exchanges Fight Treasury-FinCEN Proposal That Would 'Wall Off' The Poor
22.12.2020
American crypto exchanges have begun a fightback against new Treasury-backed proposals that would seek to force trading platforms in the nation to report certain transactions to a state-appointed monitor.
The plans in question were revealed on Friday and were met with an immediate backlash from...
Core Scientific Buys Over 58,000 Bitmain S19 Antminers to Expand Its Hosting Fleet in North America
22.12.2020
A major North American blockchain hosting provider announced its expansion by ordering over 58,000 additional S19 Series Antminers, as part of an agreement arranged with the Chinese mining hardware manufacturer. US Contract Miner Core Scientific Arranges Purchase of Over 58,000 Bitmain...
Bitcoin and Altcoins Face Heat Amid Renewed COVID-19 Fear
22.12.2020
Bitcoin price started a fresh decline from well above USD 23,500. BTC seems to be facing an increase in selling pressure after renewed COVID-19 tension in the UK sent stocks lower also. The price tested the USD 21,800 support zone and it is currently (05:00 UTC) attempting to recover towards...
DYP Launches Staking and Governance DAPP
22.12.2020
DeFi Yield Protocol (DYP) has launched its staking and governance DAPP that looks to improve earning opportunities for users. A unique feature of the launch is that liquidity providers will be rewarded in Ethereum and all the liquidity pools are deployed with anti manipulation features as well...
Billion-Dollar Wealth Manager Skybridge Capital Plans to Launch a Bitcoin Fund
22.12.2020
In mid-November, a filing registered with the U.S. Securities and Exchange Commission (SEC) had shown that the investment firm Skybridge Capital may invest in crypto assets like bitcoin. Over a month later, Skybridge Capital filed another registration form with the U.S. SEC (Form D) as it plans...
Venezuela’s Asonacrip: Bitcoin Bull Run Could Help Boost Usability of Cryptos Such as Petro
22.12.2020
The president of the National Association of Cryptocurrencies of Venezuela (Asonacrip) praised the recent bull run seen in bitcoin’s prices across the board, which “favors the usability of a very novel crypto asset,” such as the petro (PTR). Petro Is Gathering Strength Due to...
Bitcoin Booms, But No Return to the Kimchi Premium in South Korea
22.12.2020
Bitcoin (BTC) prices have been skyrocketing globally of late, but in one part of the world, crypto fever is not yet making its mark – or at least not to the extent that it did three years ago.
That place is South Korea, where 2017’s crypto bubble arguably peaked, amid reports of teenagers spending...
Global Equity Head at Jefferies Says the Investment Bank Will Buy Bitcoin and Reduce Exposure to Gold
22.12.2020
Christopher Wood, the global head of equity at Jefferies, a global financial services company, says the firm will reduce exposure to gold in favor of bitcoin. He adds that there are plans to increase the crypto component of Jefferies’ long-only global portfolio for U.S. dollar-denominated...
Ledger Leak Invokes Legal Action, One Customer Allegedly Threatened With Home Invasion
21.12.2020
Just recently, reports of the Ledger customer database breach being dumped on Raidforums for free has become a viral story among cryptocurrency proponents. Now customers are threatening to take legal action against the hardware wallet manufacturer, and one customer has complained of getting...
Bitcoin Pay Gets Traction in Venezuela While Crypto Gathers Pace in Argentina
21.12.2020
Crypto adoption has ballooned in Venezuela and Argentina this year, claim industry players.
In Venezuela, the CEO of one of the nation’s most active crypto exchanges, Cryptobuyer, has claimed that the unspecified number of bitcoin (BTC) payments made in the nation is doubling every month.
Speaking...
xSigma Recruits Former Ripple Engineer to Join xSigma DeFi
21.12.2020
PRESS RELEASE. ZK International Group Co., Ltd. (Nasdaq: ZKIN) (“ZKIN”, “ZK International” or the “Company”), a designer, engineer, manufacturer, and supplier of patented high-performance stainless steel and carbon steel pipe products primarily used for water...
Microstrategy Buys 29,646 More Bitcoins — Now Holds Over $1.6 Billion in BTC
21.12.2020
Nasdaq-listed Microstrategy has purchased 29,646 more bitcoins for $650 million. The latest purchase brings the company’s bitcoin holdings to 70,470 — worth more than $1.6 billion. Microstrategy Now Has Over $1.6 Billion in Bitcoin Billion-dollar public company Microstrategy (Nasdaq:...
MicroStrategy Has Now Over USD 1bn in Bitcoin, New & Old Hacks + More News
21.12.2020
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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US-based business intelligence company MicroStrategy confirmed that it had purchased an additional approximately BTC 29,646...
Elon Musk Ponders Tesla Putting Billions Into Bitcoin, Asking if Such Large Transactions Are Possible
21.12.2020
Tesla and Spacex CEO Elon Musk made a series of tweets about bitcoin on Sunday. One of them concerns whether it is possible to buy bitcoin in “large transactions,” particularly for Tesla to convert its U.S. dollar reserves into bitcoin. Microstrategy’s CEO told Musk that this move...
Volatility Hits Bitcoin and Altcoins
21.12.2020
Bitcoin price failed to clear the USD 24,000 resistance zone. BTC broke a couple of key supports near USD 23,000 and USD 22,500.
Similarly, most major altcoins are correcting gains and showing bearish signs, including ethereum, XRP, EOS, XLM, LINK, BNB, TRX, bitcoin cash, litecoin, and ADA....