The Uniswap rival manages to fend off an attack in a matter of hours. As exploits and hacks run rampant across the DeFi ecosystem, at least one project appears to have fended off the worst of an attack — the once-maligned “vampire” AMM (automated market maker) exchange Sushiswap. Observers noticed last night that Sushiswap — which got its start leeching liquidity from rival AMM Uniswap — was experiencing an exploit, and that anonymous head developer 0xMaki was taking steps to mitigate it:Possible @SushiSwap exploit found? @0xMaki sends exploiter a tx with a message to collect bug bounty.....
Fast food chains like Burger King and Church's Chicken already accept crypto payments in the South American nation. A famous U.S.-based pizza chain has begun accepting cryptocurrency payments in all its stores in Venezuela.According to a Nov. 27 tweet from crypto services firm CryptoBuyer, Pizza Hut stores in the South American nation now accept crypto as a form of payment for food and drinks. The move follows the crypto firm partnering with Mega Soft to drive adoption in Venezuela by facilitating crypto payments at more than 20,000 shops and businesses.“Pizza Hut nowadays cannot be....
Ripple Is Selling 33% of Its Stake in Moneygram
Ripple Labs Inc. is selling 4 million of its shares in Moneygram, or about a third of its total shareholding in the company. The decision seems in part to be motivated by the surging Moneygram share price and Ripple’s desire to cash out after buying the shares at a premium of $4.10 in 2019. At […] The post Ripple Is Selling 33% of Its Stake....
Ethereum’s Rebound is “Getting Tired” as Analyst Eyes Move to $520
Ethereum has been climbing higher today alongside Bitcoin and the rest of the crypto market The strength seen as of late comes as Bitcoin puts some serious distance between its recent lows and its current price levels This indicates that bulls are in full control and are looking to form a “V-shaped” recovery that could allow for significantly further upside in the days and weeks ahead Where the entire market trends next will depend largely […]
Bilateral Saudi, UAE Digital Currency Experiment Shows Benefits of Distribute...
A joint Saudi and UAE CBDC pilot found that a distributed payment system offers “significant improvement over centralized payment systems.”
After exec declares Bitcoin maximalism 'over,' XRP price surges
“I think that the days when folks believed that there’s only going to be Bitcoin, I think, are over,” said Asheesh Birla. In a podcast for Lend Academy recorded Nov. 5, Asheesh Birla called Bitcoin (BTC) a “pretty innovative alternative to gold,” but added that 2020 had shown there was room for a lot of tokens in the crypto space. Birla said that he believed Bitcoin had not “gone after” payments, and because different projects had different use cases, the coin’s overwhelming dominance was no longer a certainty:“I think that the days when folks believed that there’s only going to be....
Top 5 cryptocurrencies to watch this week: BTC, ETH, ADA, XLM, XEM
Bitcoin and a few altcoins have seen aggressive buying at lower levels, which could result in a retest of their recent highs. As Bitcoin price rallied to a new 2020 high, the open interest on CME Bitcoin (BTC) futures rose to $1.16 billion, making it the world’s largest Bitcoin futures market, according to Arcane Research. This suggests that institutional investors are relatively unmoved by the recent sharp correction in Bitcoin price.Guggenheim Partners has become the latest and the largest Wall Street institution that plans to invest in Bitcoin. Guggenheim has sought the Securities and....
Hodlers thankful as Bitcoin is gainful: Bad Crypto news of the week
Everyone from the Wall Street Journal to the Queen of England has an eye for Bitcoin in this week's Bad Crypto podcast. It’s been another bumper week for Bitcoin, another reason for hodlers to feel grateful. The dollar value remains over $17,000 having reached a three-year high when it topped $19,000 for only the second time. People are starting to notice. The Wall Street Journal talked about Bitcoin’s rise on its front page. Google searches for Bitcoin reached their highest this year, and the coin is now doing better than the halving that sent it to nearly $20,000. Even the Queen has....
Philanthropy: A missing catalyst of blockchain adoption
With cheap and scalable trustless systems, blockchain tech has the ability to drive industry adoption to a new level. When most people imagine the problems solved and industries disrupted by blockchain technology, the typical use cases come to mind: global currency, store of value and even a way to track goods on an immutable ledger.A good starting point in understanding what drives the adoption of new technology is to take a deeper look at human psychology and understand what motivates the average person to participate in the cryptocurrency space. As of now, the lion’s share of users who....
Bitcoin Claims Crucial Level, But Break Below It Could Lead to $16,000
Bitcoin has been caught within a strong uptrend in the time following its recent selloff, with bulls largely absorbing the inflows of selling pressure After reeling down to lows of $16,400, the cryptocurrency faced a massive rebound that has now led it past $18,000 Its present momentum is showing few signs of slowing down, and there’s a strong possibility that further upside is imminent in the near-term One trader is noting that it is now […]
Digital asset markets have recaptured some of the losses taken three days ago, as a great majority of the crypto economy has started to rebound after the market rout. Bitcoin has climbed above the $18k handle once again and a myriad of crypto assets are up between 1-6% during the last 24 hours. After dropping to a low of $16,300 per coin, bitcoin (BTC) has rebounded 11.3% to where the price stands today at $18,138 per unit. BTC is still up 33% for the last 30 days, 54% for the last 90 days, and 139% against USD for the last 12 months. Bitcoin’s dominance index, in comparison with the....
COTI Network Strikes Deal with Gaming Giant Dafabet
One of the world’s largest gaming groups, Dafabet, has revealed that it is working with COTI to facilitate digital currency processing. The deal is a coup for COTI, which is on a mission to become the industry’s go-to network for digital payments, and is indicative of where the gaming industry is heading: the same place […]
UAE, Saudi Arabian central banks release report on Project Aber CBDC trial
The joint report is among the most promising CBDC studies conducted by central bank authorities Central banks from two of the most powerful economies in the Middle East released a report today on a yearlong joint central bank digital currency (CBDC) project — and results speak glowingly of blockchain technology. First announced in January of 2019, Project Aber was a joint effort between the United Arab Emirates and Saudi Arabia to establish a “proof of concept” designed to “contribute in the body of knowledge in CBDC and DLT technologies.” The combined effort of two central banks in such a....
Bitcoin may see major price volatility at the start of December — Here's why
Bitcoin might see a spike in volatility when the new weekly and monthly candles open, especially after a large short-term correction. The price of Bitcoin (BTC) faces two crucial events on Dec. 1 right after the weekly and monthly candles close. The upcoming weekly candle close is particularly noteworthy because it could mark the first red weekly candle since late September. The monthly candle will be significant since it would mark the highest close in Bitcoin’s history if the price remains over $13,791.Bitcoin realized volatility. Source: Cointelegraph Markets, Digital Assets DataThere....
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.
No, You Can’t Buy Shares in Bitcoin
With bitcoin going through an extended bull-run, scammers and con artists have been on hand to exploit a general fear of missing out (FOMO). Many early adopters of bitcoin became multi-millionaires by simply holding the digital asset. New Scam Tactic Consequently, many bitcoin investment scams have sprung up and millions of dollars have been lost to fraudsters. Although some education and awareness campaigns have helped to expose some of the sinister scam tactics, it appears new and more brazen ones are emerging. One such new tactic implies that investors can buy or own shares in Bitcoin....
Weekend bull trap? Traders remain cautious as Bitcoin price rebounds to $18K
The price of Bitcoin reclaimed $18,000 but traders remain cautious of a weekend bull trap. The price of Bitcoin (BTC) surged above $18,000 on Nov. 29, reaching as high as $18,209 on Binance. However, traders are turning cautious despite BTC’s weekend rally.Bitcoin currently faces resistance at around $18,200, which is also the 10-day moving average (MA) on the daily chart. As Cointelegraph reported yesterday, some traders still anticipate BTC to see another drop in the near term before the rally can continue.BTC/USDT 4-hour chart (Binance). Source: TradingView.comWhy a bull trap for....
Yield farming is a fad, but DeFi promises to change the way we interact with ...
The sector has a long way to go in terms of accessibility if DeFi really wants to challenge traditional financial institutions. As the COVID-19 outbreak wreaks havoc on the United States’ economy and abroad, investors grapple with a second economic downturn in just over a decade. While the 2008 financial crisis and the coronavirus pandemic are very different, both events have produced market volatility and allowed for new technologies to emerge.The economic disruption wrought by the pandemic also highlights the importance of serving people who are currently outside the financial system,....
How Ethereum Could Stage Rally To $600 If It Clears $550
Ethereum started a fresh increase from the $480 support zone against the US Dollar. ETH price must surpass $550 to start a strong upward move towards $600. ETH price declined heavily from $620 and it even tested $480 against the US Dollar. The price is currently recovering above $500 and the 100 simple moving average […]
Peafarm – NFT Crypto Games on Tron 4.0 Platform, Airdrop Is Now Live
PRESS RELEASE. NFT (non-fungible token) had been used in the construction of decentralized gaming platforms, issuing proprietary tokens, anti-copy and copyright related issues. It is expected to be a new trend that will attract the attention of investors because of the profits and practical application of blockchain to life. What is Peafarm? Peafarm is a crypto game that applies the practice of the blockchain industry to creating a special product, completely independent and irreplaceable. Peafarm’s network and protocol are not merely creating a miniature society in the game, but it....
Bitcoin Climbs 5%, Why $18.2K Holds The Key For More Upsides
Bitcoin price started a fresh increase from the $16,200 support zone against the US Dollar. BTC is up 5% and it is trading above $17,500, but facing a major resistance at $18k and $18.2k. Bitcoin started a fresh upward move above the $17,000 and $17,200 levels. The price is now trading nicely above the $17,500 […]
Guggenheim Partners prepares to dip investment fund’s toes into Bitcoin
The $275 billion company has filed an SEC amendment to allocate over $500 million from the Macro Opportunities fund to Grayscale's GBTC An SEC filing on Friday indicates that the next Wall Street institution to take a public position in Bitcoin may also be among the largest yet: the $275 billion financial services firm Guggenheim Partners. The Guggenheim filing allows the Macro Opportunities fund to purchase GBTC, a publicly-traded Bitcoin investment vehicle from Grayscale, at an indeterminate point in the future. “The Guggenheim Macro Opportunities Fund may seek investment exposure to....
Guggenheim Fund Files to Be Able to Invest Up to Almost $500M in Bitcoin Thro...
The Guggenheim Macro Opportunities Fund will now be able to invest up to 10% of its net asset value in the Grayscale Bitcoin Trust.
Following Binance Uganda closure, Binance P2P makes strong inroads in Africa
The cryptocurrency exchange has given up on Binance Uganda, but the regional play remains strong Following the announcement of a disappointing closure of a Ugandan subsidiary in October, Binance — the world’s largest cryptocurrency exchange — released a blog post yesterday indicating that another initiative, Binance P2P, is making strong inroads across the world’s second-most populous continent. Titled “P2P Merchants: Facilitating Freedom of Money in Africa,” the post highlighted the peer-to-peer trading program’s growth in the region throughout the year — most notably stating that Binance....
CME Group Outpaces Competition Becoming the World’s Largest Bitcoin Futures M...
Financial derivatives products for bitcoin have grown massively during the last few months. On Friday evening (EST), Arcane Research explained that the Chicago Mercantile Exchange has surpassed Okex as the largest bitcoin futures provider. The regulated derivatives market at CME has doubled month after month as incoming interest has created more demand for CME’s bitcoin futures. The Chicago Mercantile Exchange (CME Group) is the world’s largest financial derivatives exchange that trades in various asset classes. The exchange first launched its bitcoin futures products back in....
High priced $32K Bitcoin options show some pro traders expect more upside
$32,000 per Bitcoin seemed unreasonable in October, but the 950% spike in the January call option suggests some traders think it’s a possibility. A month ago, one would be hard pressed to find any investor who would have expected a $32,000 Bitcoin (BTC) price for January. At the time, a 140% upside was needed from the $13,300 price on Oct. 30 and this seemed quite far fetched. Therefore, the January $32,000 BTC call (buy) options traded at Deribit for a meager $67, or 0.005 BTC in late October. BTC $32,000 Jan. 2021 call option, in BTC. Source: DeribitFast forward to now, and the same call....
Analyst Who Predicted Bitcoin’s 2018 Lows Says Another Drop Is Likely
Bitcoin has undergone a strong drop since the highs of $19,500 seen last week A historically accurate analyst says that further losses are likely for the cryptocurrency The analyst shared a chart showing that Bitcoin is likely in the midst of trading in a dead cat bounce prior to further losses He cited the Elliot Wave form of technical analysis, which predicts that markets move in predictable waves. Bitcoin Could Drop Toward $15,000 Bitcoin has […]
Ethereum Likely Set Its Local Low for the Year as Buyers Defend $500
Ethereum has been flashing signs of immense strength today, with the cryptocurrency surging up towards $550 as bulls try to erase the recent losses that came about due to the recent market-wide selloff. This comes as Bitcoin also shows some signs of strength, with the benchmark cryptocurrency navigating towards $18,000 following its recent decline that […]
Bitcoin Could Be Mirroring This Extremely Bullish Gold Fractal from the 1970s
Bitcoin is currently caught within a strong upswing following its recent selloff Bulls are pushing the crypto towards $18,000 as they move to erase its recent losses Where it trends next will depend largely on how sustainable this ongoing move higher is One investor is now noting that a gold fractal from the 1970s seems to indicate that this selloff could be followed by a powerful push higher in the days and weeks ahead Bitcoin […]
Paul Tudor Jones Bitcoin fractal hints at possible explosive BTC rally
A fractal from Paul Tudor Jones hints that Bitcoin price is in an early stage, long-term rally like gold was in the 1970s. Based on the fractal, Bitcoin is in an early phase of a prolonged rally that could allow BTC to experience exponential growth in the longer term.Bitcoin versus gold price fractal. Source: BloombergBitcoin may be on the same trajectory as goldThere are two main reasons why Bitcoin could follow the macro trend gold saw from the 1970s. First, BTC has a fixed supply that cannot expand, which makes it an attractive hedge against inflation. Second, BTC has the same qualities....
The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — one week on Cointelegraph in one link! Coming every Saturday, Hodlers Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more a week on Cointelegraph in one link. Top Stories This WeekBuy the DipBitcoin price tumbles, falling below $17,000 in biggest crash since MarchAt the start of the week, the crypto markets were brimming with optimism. Bitcoin....
Hash War: Mystery Miner’s Empty Block Attack Makes ABC’s New Blockchain Almos...
According to various reports, the Bitcoin ABC pro-IFP chain has been under ‘attack’ for a number of consecutive days now. The mystery miner has been mining a great number of sequential blocks, but almost all of them have been empty. The miner who calls himself ‘Voluntarism.dev’ says the mining operation is a group of “old-guard miners,” and claims they can mess with the minority ABC chain for years. ** This article has been updated at 6:15 p.m. (EST) on November 28, in order to reflect recent comments from Blockchair’s founder, Nikita Zhavoronkov,....
Dapper Labs’ Flow blockchain takes major step towards full mainnet
The hotly anticipated layer-1 chain looks to be getting its ducks in a row. In a move that may signal that a mainnet launch is just around the corner, Flow — the blockchain from Cryptokitties and NBA Topshot developers Dapper Labs — has launched the Flow Port: a tool for token holders to manage, stake, and delegate their Flow cryptoassets. The announcement focused heavily on how users can stake their FLOW tokens through custody providers such as Kraken and Coinlist, as well as delegate their tokens to currently-existing node operators. Those who wish to operate their own node might face a....
Ethereum’s Technical Outlook Strengthens as Market-Wide Recovery Begins
Ethereum has been closely tracking Bitcoin’s price action throughout the past few days and weeks, which has led it to see some immense turbulence as of late Just two days ago, the benchmark cryptocurrency faced a rejection at its all-time highs that resulted in it reeling from $19,500 to $16,400 This selloff was the most intense one seen since this uptrend first got started a handful of weeks ago Where it trends next will depend […]
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.,
Here are the Crucial Levels Bitcoin Must Break to See an Explosive Move Higher
Bitcoin has seen a strong move higher throughout the past day, with bulls aiming at reversing the recent market-wide selloff as the cryptocurrency begins pushing higher. Where it trends next will likely depend largely on whether or not bulls can maintain the ongoing uptrend as the weekly candle close fast approaches. Where this candle closes […]
Bitcoin relief rally is underway — Can BTC price reclaim $18K?
Bitcoin price is rallying this weekend but is this just a relief rally or can BTC regain bullish momentum? Bitcoin (BTC) price dropped severely in the previous week, falling from $19,500 to $16,000. Corrections never occur smoothly as dropdowns are frequently sudden and painful. The recent correction isn’t much different as the drop occurred in a matter of hours. Since then, Bitcoin’s price consolidated above $16,000, which marked a temporary bottom. The primary question is whether the correction is over or not. A determining factor will be whether or not BTC price can reclaim the crucial....
Why institutions suddenly give a damn about Bitcoin
As big players continue to enter the crypto space, institutions are becoming mega HODLers. Without a doubt, Bitcoin (BTC) has become an increasingly popular asset to own among institutional investors. By the end of the second quarter of 2020, Fidelity reported in a survey of almost 800 institutional investors that 36% owned crypto assets. A separate survey, conducted by crypto asset insurance company Evertas, shared that respondents believe hedge funds will increase their crypto holdings drastically. It also projected that 90% of institutional holders of crypto assets expect to invest even....
This Pattern Suggests Bitcoin Could Plummet to $12,000 Before Uptrend Continues
Bitcoin and the entire crypto market are showing some signs of strength on this relatively quiet morning for the markets Following a brief bout of trading below $17,000, the benchmark cryptocurrency has firmly reclaimed this price region It is now attempting to push higher as bears lose steam, which could be a sign that its recent $16,400 lows are a long-term bottom Where the market trends in the mid-term will depend entirely on Bitcoin and […]
Facebook’s Libra Crypto Gets Ready to Launch in January as a Single Coin
Facebook’s libra cryptocurrency is reportedly preparing to launch with a single cryptocurrency, a scaled-down version of its original plan. The launch date for Facebook’s libra could be as early as January. Launch Date for Facebook’s Libra The cryptocurrency libra, proposed by social media giant Facebook, is reportedly preparing to launch as early as January next year. However, only a limited version of the libra cryptocurrency will launch at that time. According to the revised libra whitepaper, the Libra Association intended to initially launch with some of the....
Yearn Finance continues acquisition spree with Cover
"That's how shit gets done here," says one team member This morning, Yearn founder Andre Cronje announced the latest in a spate of high-profile mergers and collaborations for the multi-faceted decentralized finance (DeFi) protocol: Yearn Finance will be “joining forces” with market coverage provide Cover. In a blog post, Cronje notes that the merger will be a natural one, as Yearn and Cover developers have been working together since Cover’s inception. Cronje also listed a series of promising possible synergies, including enhanced utility for the Cover’s CLAIM token, which will act as....
1 in 5 Players Win Big at Bitcoin.com Lottery, New Crypto Games Promise Guara...
Launching Sure-Win Games! A set of 10 new raffles with guaranteed wins of up to €25,000. Get paid in BTC or BCH! Guaranteed Winners on Every Draw Bitcoin.com partnered with Bravio Tech earlier this year to bring you the first blockchain-powered lottery platform. Bitcoin.com Lottery has since been very popular among players who want to access many of the leading global lotteries from anywhere in the world. Nearly 20% of all tickets sold on the platform have resulted in winners taking home a handsome payout in BTC or BCH.The premium lottery platform from Bitcoin.com is also the first....
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.
3 reasons traders now expect Bitcoin hitting $13K before a new rally
A few Bitcoin traders expect now expect a deeper correction but data suggests that a relief rally toward $18,000 should not be ruled out. The price of Bitcoin (BTC) has been consolidating above $17,000 on Nov. 28 following a major correction from $19,400. In the near term, traders anticipate the dominant cryptocurrency to see another steep pullback.There are three main reasons why traders expect a deeper drop to occur in the near future, namely, historical cycles, the Fibonacci Sequence, and the record-high open interest of the futures market. BTC/USDT 4-hour chart (Binance). Source:....
All Pizza Hut Locations Accept Cryptocurrencies in Venezuela
All Pizza Hut locations in Venezuela now accept a broad range of cryptocurrencies, including bitcoin, via the payment platform Cryptobuyer. Pizza Hut joins Burger King, Intercontinental Hotel, Traki, and several other major stores in Venezuela that accept bitcoin. Pizza Hut Accepts Bitcoin Cryptobuyer announced on Friday that all Pizza Hut restaurants in Venezuela now accept cryptocurrencies, including bitcoin. The company wrote: From today, you can share with your family and pay with cryptocurrencies … in any of the Pizza Hut restaurants in Venezuela. The announcement adds that....
Bitcoin analysts explain what's next in the aftermath of BTC plunging to $16.2K
Analysts and traders discuss both bull and bear cases for Bitcoin after the BTC price plunged to $16,200. The price of Bitcoin (BTC) dropped sharply on Nov. 26 following a mass sell-off from whales. Data from on-chain data firms, namely Santiment, Intotheblock, and CryptoQuant, show heightened levels of whale exchange inflows.Whales selling right under Bitcoin's all-time high, particularly when the market sentiment was overly euphoric, led to a massive drop. Roughly $1.8 billion worth of futures contracts were wiped out, as Cointelegraph reported. Some exchanges, like Binance as an....
Big banks think new furniture is innovation, but they are wrong
True innovations are a serious problem for traditional financial institutions, but fintech and crypto startups have the solution. When banks finally come to improve their technology experience, they go no deeper than changing the front end. They’ll make a button blue instead of green or create rounded edges on buttons instead of square ones. They think in terms of their interfaces, not the back end. If a bank were to truly innovate its technology, it’d dig deeper into the back end and transform its legacy technical infrastructure, which has been the same for decades. Few today even know....
Veteran Analyst Says BTC Might See Further Correction but ‘Prices Have Not To...
Following bitcoin’s sharp pullback on November 26, renowned trader Peter Brandt says BTC is likely to see a further correction, although he thinks prices have not topped. The comments follow the massive sell-off of cryptos that resulted in traded volumes of $8.5 billion being recorded across exchanges in just 24 hours. According to Messari, this is the second-highest traded volumes figure ever recorded. Prior to the bears taking over, BTC had gone on an extended bull run and during the run up, many analysts predicted the digital asset would at least breach the $20,000 mark. However,....
EURST Stablecoin – Reinvention of the European Economy
Over the years, we have been introduced to a digital transformation, which has created and shaped communities around the world. Digital technologies have introduced newly evolved ways of how the world interacts, operates, and most of all, conducts exchanges. In the current economic hardship and the Covid-19 global pandemic, the European Union has had to face many operational and structural facts, one of them being the strength of the fiat currency; the Euro. The European Economy Operates via a Flawed System Since the introduction of the Euro, the currency has been in a consistent debate,....
Researcher Publishes Never Before Seen Emails Between Satoshi Nakamoto and Ha...
Just recently three previously unpublished emails from Bitcoin’s inventor, Satoshi Nakamoto, have been made public. The emails reveal the correspondence between Satoshi and the early Bitcoin developer Hal Finney. The communications between Nakamoto and Finney stem from November 2008 and January 2009, the very month Bitcoin was launched. On November 27, three emails that have never been seen before were made public in an editorial written by Michael Kaplikov, a professor at Pace University. According to Kaplikov, the emails derived from the New York Times contributor Nathaniel....
