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Printing $1.7 Trillion for Climate Change: How Joe Biden’s Administration Aims to Push the ‘Green New Deal’
13.11.2020
In 2020, the U.S. Federal Reserve has injected an enormous amount of U.S. dollars to special interests in the banking sector in order to combat the economic effects stemming from the coronavirus outbreak. This week the central bank published its financial stability report and the Fed discussed...
Bitcoin Rally Supported by More Busy Miners and Lower Fees
13.11.2020
As bitcoin (BTC) rallied, with the trading volume rising as well, the transaction fees moved in the opposite direction as miners turned more of their machines on.
Bitcoin has made quite a move upwards since the beginning of November, with analysts predicting further volatility, but also...
Bitpay Launches New Payroll Service for Companies That Opt to Pay Employees in Crypto
13.11.2020
The Atlanta-based cryptocurrency payment processing company Bitpay is now getting involved with payroll services. The firm announced the launch of Bitpay Send, a mass payout service that enables organizations of all sizes to pay employees, affiliates, and freelance contractors. Bitcoin...
Binance CEO On Outsmarting Users From US, BoE On Protecting Banks + More News
13.11.2020
Changpeng Zhao, CEO of Binance. Source: a video screenshot, Youtube, Blockchains for Sustainable Development.
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Exchanges news
Changpeng Zhao, CEO...
Hackers Drain $2 Million in DAI From Defi Protocol Akropolis
13.11.2020
Decentralized finance (defi) protocol Akropolis was on Thursday hacked for $2 million in DAI, in the latest flash loan attack to hit the nascent defi industry. The attacker pilfered the platform’s Ycurve pool in batches of $50,000 in the stablecoin DAI. This particular pool allows investors...
Defi Yield Protocol Is a Massive Boost for Yield Farmers and the Defi Space
13.11.2020
Since February 2020, we have seen a steady growth of the blockchain space and, most significantly, decentralized finance. While DeFi isn’t entirely new, the network’s growth has been more aggressive this year than it has ever been. The distribution of COMP governance token and...
State-owned Belarusbank Launches Crypto Exchange Amid Sanctions Against Lukashenko
13.11.2020
Sanctions aim to support anti-government protesters in Belarus who have been met with violence from security forces. Source: Twitter/@franakviacorka
The biggest bank in Belarus, the state-owned Belarusbank, has announced plans to co-launch a “legal” crypto exchange service that will allow customers...
BitPay Launches Mass Payout Service For Companies That Don’t Own Crypto
13.11.2020
Major crypto payment processor BitPay has announced the launch of BitPay Send, a new mass payout service that allows organizations to pay their employees, affiliates, customers, vendors, contractors, and others with cryptocurrency. The development could help the company reach out to businesses that...
GMT Token Pre-sale is Live Now
13.11.2020
PRESS RELEASE. GMT has started the pre-sale of the GMT token. In total 100,000 GMT will be sold in this phase at the price of 1GMT=0,004ETH and will increase to 1GMT=0,01ETH in the next round. Minimum purchase is 0,5ETH. Grandmarche is a DeFi platform that offers saving and borrowing, plus it will...
Russia Proposes New Rules and Penalties for Cryptocurrency Owners
13.11.2020
The Russian Ministry of Finance has developed new amendments to the country’s cryptocurrency regulation. The proposal outlines a new set of rules for crypto owners, exchanges, and miners, as well as penalties for undeclared crypto transactions. Russia’s New Crypto Regulation...
Bitcoin Rallies, Altcoins Could Follow Soon
13.11.2020
Bitcoin price remained in a positive zone and it finally managed to climb above the USD 16,000 resistance zone. BTC gained 5% and there was a break above the USD 16,400 resistance. The price is currently (04:30 UTC) correcting gains.
Conversely, there were mostly range moves in most major altcoins...
Bitcoin Above USD 16,400 as More PayPal Users Start Buying Crypto
13.11.2020
Bitcoin (BTC) extended its gains following the news that online payments giant PayPal opened its new crypto services to all its users in the US (excluding Hawaii), doubling the maximum dollar amount that could be spent on cryptoassets.
"We are pleased to announce that all eligible PayPal...
Chainalysis Launches Program to Store and Sell Seized Crypto Assets for Governments
13.11.2020
The blockchain intelligence and surveillance company Chainalysis revealed the launch of a new program that aims to help governments and insolvency practitioners sell seized cryptocurrencies. The news follows the recent U.S. government seizure of more than 69,000 BTC worth over $1 billion...
Paypal Opens Crypto Services to Millions of Eligible Account Holders in the US
12.11.2020
Payment processing giant Paypal announced on Thursday that “all eligible Paypal account holders in the U.S. can now buy, hold, and sell cryptocurrency directly with Paypal.” The news follows the company’s announcement to support crypto assets at the end of October. Paypal’s...
The ‘Undo Button’ Wallet Tool Gives Users the Ability to Reverse Ethereum Transactions
12.11.2020
On Thursday, November 12, 2020, the blockchain firm Kirobo launched a tool that allows users to reverse ethereum transactions. Similarly to the replace-by-fee (RBF) protocol leveraged by bitcoin users, ethereum transactions can be reversed as well with Kirobo’s “Undo Button”...
A New Bitcoin Mining Pool Claims It Has Tools to Censor Blockchain Transactions
12.11.2020
A blockchain and technology company claims its new bitcoin mining pool is embedded with tools that enable the pool to censure transactions in the blocks they mine. According to a statement issued by the DMG, the parent company to Blockseer mining pool, this ability allows the latter...
6 Most Common Misconceptions About Bitcoin Picked by Lyn Alden
12.11.2020
Lyn Alden. Source: a video screenshot, Youtube/Preston Pysh, edited by Cryptonews.com.
Bitcoin (BTC) is a bubble, too volatile, and has no value - are some of the most common misconceptions popular generalist investor and Swan Bitcoin, a BTC investing app, advisor, Lyn Alden, said she has noticed...
Market Update: Bitcoin Spikes Over $16K, RSI Levels Warm Up, Price Retracts for Another Attempt
12.11.2020
Digital currency markets have seen some decent gains this week, as the overall market valuation of all 7,000+ crypto assets is hovering above the $446 billion mark. Traders also watched the price of bitcoin jump above the $16k zone on Thursday for the first time since 2018. Bitcoin and a number...
BTC Rainbow Proponent Wants to Bet USD 1m that S2F Advocates Are Wrong
12.11.2020
When it comes to crypto, investors often talk about putting your money where your mouth is. And it looks like one outspoken critic is prepared to do exactly that – offering a bet of USD 1m that the bitcoin (BTC) stock-to-flow (S2F) price model will flop in the next half-decade.
The audacious move...
Response to Ray Dalio: Banning Bitcoin Is a 'Game of Whack-a-Mole'
12.11.2020