Project gives away 14M tokens in digital universal basic income experiment

GoodDollar believes that "digital basic income can work at scale, while effecting positive change on a global level.” A nonprofit initiative that leverages decentralized finance as a means to offer a digital income for its users has announced that people have now claimed more than 14 million of its tokens.According to a Wednesday announcement, the universal basic income, or UBI, project from GoodDollar has reached more than 40,000 people from 180 countries since it launched in September. The project reported that more than half of the participants were claiming its reserve-based token, G$,....

PayPal CEO Dan Schulman Tells Web Summit the ‘Time Is Now’ for Crypto

Dan Schulman took to the stage at Web Summit tech event on Wednesday, telling attendees that cryptocurrency is on the way to the mainstream.

Report: 33% of US Based ICO Investors Say Founders Intentionally Deceived The...

A survey conducted by Xangle Research finds that a third (33%) of respondents say founders of an initial coin offering (ICO) in which they invested either intentionally deceived them or withheld key information. A further 17% of the responding ICO investors say they did not know if they had been deceived. However, about half (50%) of the 600 U.S. investors that took part in the survey replied no when asked the same questions. Divergent Views The survey, which sought to gauge investor sentiment in the aftermath of the 2017 ICO craze, also found that over half of the 33% who said yes think....

Ripple’s XRP sees explosive 1,151% trading volume spike in November

XRP saw a 1,151% surge in trading volume on eToro as its price nearly tripled last month. XRP saw a month-on-month 1,151% surge in trading activity in November on the eToro investment trading platform, according to the company’s latest report. This comes as the XRP price rallied to $0.92 on Coinbase at its monthly peak and closing the month with a 283% gain at around $0.61.Top 10 traded cryptoassets Source: eToro Spike in retail interest, trading activityBitcoin (BTC) was nearing $19,000 for the first time since December 2017 when large market cap altcoins like XRP started to surge in....

Ukraine’s Draft Crypto Bill Passes First Parliamentary Hearing

Ukraine's parliament has approved the first version of a draft cryptocurrency bill, bringing regulation of the industry a step closer.

SushiSwap Hits Multi-Week High on High Profile Synergies; What’s Next?

SushiSwap’s governance token SUSHI continued its rally upward on Wednesday as its price per unit breached the $2-resistance level. The SUSHI/USD exchange rate rose 13.15 percent ahead of the New York opening bell, trading at $2.18. The latest gains came as a part of a broader upside move that brought SUSHI’s week-to-date returns up by […]

Introducing Valid Points: The Risks and Rewards of Staking on Eth 2.0

Breaking down Ethereum 2.0 and its sweeping impact on crypto markets, weekly.

XRP Led November’s Crypto Bull Run With 169% Gain

XRP jumped 169% in November to top the performance rankings among digital assets in the CoinDesk 20, outperforming bitcoin and ether.

Bitcoin Sees Record Number of Active Users as Price Almost Hits $20K

As bitcoin set a new price high closer to $20,000 on Tuesday, the network also saw record-breaking user activity.

Bitmain reportedly cuts off funding to Bitcoin Core developers

Bitcoin Core touts itself as a direct descendant of Satoshi Nakamoto's original Bitcoin software client. Bitmain, one of the world’s largest Bitcoin (BTC) miner producers, has reportedly halted its funding for some primary developers maintaining Bitcoin-related software.Jonas Schnelli, a major Bitcoin Core contributor and maintainer, claimed that Bitmain halted its support after funding his efforts for more than three years. In a Dec. 1 tweet, Schnelli said that he lost his sponsorship from Bitmain alongside Joao Barbosa, another Bitcoin Core contributor also known under the “promag”....

Bitcoin moves $500K around the globe every second, says Samson Mow

Samson Mow, chief strategy officer at Blockstream, says Bitcoin was never about “transactions per second and coffee,” but about value and a “new financial paradigm.” Blockstream’s Samson Mow wants to move the conversation away from Bitcoin’s (BTC) performance in transactions per second and toward its role in ushering in “a new financial paradigm,” that is, serving as a permissionless medium for the store and transfer of value.#Bitcoin moves nearly half a million dollars in value around the globe permissionlessly every second. It was never about transactions per second and coffee. It's....

Dusk Network Takes ‘Around 10%’ Stake in Dutch Stock Exchange

Security token platform Dusk Network has become a shareholder of a Dutch stock exchange as part of both firms' plans for share tokenization.

Russian central bank opposes ruble-pegged stablecoins

Russia wants to follow China’s approach of banning private stablecoins pegged to its national fiat currency. Senior officials at the Bank of Russia have come out against the issuance of private stablecoins pegged to the Russian ruble.Sergei Shvetsov, a first deputy governor of the Russian central bank, said that the bank aims to ban private firms from offering stablecoins backed by the country’s fiat currency. Russian crypto developers will only be able to use the Bank of Russia’s digital ruble, Shvetsov said. According to a Nov. 30 report by local news agency Prime, the he said that this....

On-Chain Analyst Says Bitcoin Could Hit $200,000 in 2021

According to Willy Woo, a prominent on-chain analyst, Bitcoin is likely going to move toward $200,000 to $300,000 in the coming year. He cited a technical price model that has accurately predicted some key inflection points in Bitcoin’s price history. Bitcoin Could Hit $200,000 in the Coming Year: Willy Woo According to Willy Woo, a prominent on-chain analyst, Bitcoin is likely going to move toward $200,000 to $300,000 in the coming year. Referencing the chart […]

Bitcoin Rebounds as UK Authorizes Pfizer-BioNTech’s Vaccine

Bitcoin inched back into positive territory on Wednesday just as Pfizer and BioNTech's coronavirus vaccine won UK authorization.

Crypto.com Secures Australian Financial Service License

Crypto.com has secured an Australian Financial Service License through its acquisition of The Card Group.

Historian Niall Ferguson Says Bitcoin Is Winning the Covid-19 Monetary Revolu...

Historian and senior fellow with the Hoover Institution at Stanford University, Niall Ferguson says bitcoin is winning the Covid-19 monetary revolution. Hailing the virtual currency as a great place for the rich to store their wealth, Ferguson also notes that the bitcoin’s resilience has forced critics as well as institutional investors to alter their views about the leading crypto. Cash Use Declining Ferguson names bitcoin basher Nouriel Roubini alongside one financial journalist as some of the critics that are now having second thoughts about bitcoin. In an opinion piece, Ferguson....

NYDIG raises $150 million for two Bitcoin investment funds

Bitcoin is becoming an increasingly “institutional asset,” according to NYDIG's CEO. New York Digital Investment Group has raised $150 million through two separate cryptocurrency investment funds, according to documents filed with the United States Securities and Exchange Commission on Nov. 24 and Dec. 1.The NYDIG Digital Assets Fund I raised $50 million, with the NYDIG Digital Assets Fund II raising a further $100 million.Reports suggest that the money raised by Fund I, which invests purely in Bitcoin (BTC), came from just two unnamed investors. Meanwhile, the larger Fund II is reputed to....

Bitcoin hitting $200K by December 2021 is now ‘conservative’ — Willy Woo

BTC/USD is more likely to reach $300,000 in a year's time, the popular analyst says, thanks to an "amplified bullish feedback loop." Bitcoin (BTC) hitting $300,000 in just one year’s time is “not out of the question,” popular statistician Willy Woo says.In a series of tweets on Dec. 1, Woo stated that he has “never been so bullish” on Bitcoin’s prospects for 2021.Woo eyes "amplified bullish feedback loop"Discussing potential price trajectory, he confirmed that he was looking at six figures by December next year. “My Top Model suggesting $200k per BTC by end of 2021 looks conservative,....

Australian Crypto Exchange Exposes Personal Data of 270K Users

BTC Markets, one of Australia's biggest cryptocurrency exchanges, has accidentally exposed users' data, raising the risk of phishing attacks.

Why one analyst says Bitcoin 'is on the cusp' of busting through $20K

The market sentiment around Bitcoin is currently mixed, but one fund manager argues that BTC may soon see a new multi-month rally. The market sentiment around Bitcoin (BTC) is mixed as BTC price dropped almost immediately by 10% right after hitting its previous all-time high at $19,892 on Dec. 1. Nevertheless, some analysts and fund managers anticipate the dominant cryptocurrency to rise past $20,000 in the short term. But others are adamant that there will be another correction first as seen in previous bull cycles.Bitcoin sees a "minor" 10% dropThere are many compelling reasons to....

Crypto Buying App Ziglu Bags Largest Raise of 2020 on UK Crowdfunding Site Se...

U.K.-based bitcoin app Ziglu raised over $8 million in a crowdfunding campaign, the largest equity raise on the Seedrs platform this year.

Charted: Ripple (XRP) is Facing Uphill Task Near $0.63 and 100 SMA

Ripple started a fresh decline after it failed to clear the $0.6800 resistance against the US Dollar. XRP price is showing bearish signs below the 100 hourly SMA and facing many hurdles. Ripple started a sharp downside correction from the $0.6800 resistance against the US dollar. The price is now trading below the $0.6250 support […]

Gold Market Brings Bad News for Bitcoin: A Potential Death Cross

Spot gold is inching towards forming a "Death Cross" on its daily chart, which may transform its ongoing downside correction into a full-fledged bear trend.

NFT representing 5% of Monaco F1 Delta Time track auctioned for $220K

NFT-powered racing game F1 Delta Time has auctioned off a segment of an in-game track for $222,000. A segment of a race track in F1 Delta Time, a non-fungible token-powered motorsports game from Animoca Brands, has been auctioned off for more than 9 million of the company’s REVV tokens, worth approximately $222,000. Animoca says it’s a record price for an in-game NFT.The token, “Formula 1 Grand Prix de Monaco 2020 1A” was auctioned on NFT marketplace Open Sea, with bidding taking place from Nov. 29 until Dec. 2. The token offers its owner an "Apex” share in the game’s Circuit de Monaco....

Coinbase Says It Brokered Microstrategy’s Influential $425 Million Bitcoin Buy

U.S. crypto exchange Coinbase said Tuesday that it brokered Microstrategy’s $425 million bitcoin purchase earlier this year. Until now, it has not been clear who facilitated the deal. Microstrategy’s first bitcoin (BTC) haul of $250 million bought in August was executed over five days, Coinbase revealed in a case study of the transactions. The deals – done via the exchange’s brokerage unit called Coinbase Prime – leveraged human effort and trading algorithms that sliced Microstrategy’s order into 200,000 fills. Each fill averaged under 0.3 BTC in size,....

TA: Ethereum Near Inflection Zone, Why ETH Could Tumble Below $570

Ethereum traded to a new yearly high at $636 before correcting lower against the US Dollar. ETH price is showing bearish signs and it could decline heavily if there is a break below $570. Ethereum started a downside correction after trading to a new yearly high at $636. The price is trading below the $600 […]

BTC Markets privacy breach exposes all customers to potential phishing attacks

Aussie exchange BTC Markets has revealed the full name and email addresses of all of its customers in a marketing email blast. Major Australian cryptocurrency exchange BTC Markets accidentally exposed the full name and email addresses of all of its customers in a marketing email sent to each affected individual on Dec. 1.The emails were sent in batches of 1,000, meaning that each customer was sent the name and email address of 999 other users.BTC Markets is in the process of reporting the incident to the Office of the Australian Information Commissioner, with Bowler noting the exchange....

New withdrawal contracts will enable Rocket Pool Eth2 staking service to launch

Ethereum developer Danny Ryan’s new proposal would unlock 80% of withdrawal use cases and allow decentralized staking service Rocket Pool to launch within months. Withdrawal contracts for Ether staked on Ethereum 2.0 could become available as early as Q1 2021 allowing decentralized Eth2 staking service Rocket Pool to launch.While Phase 0 of Eth2’s roll-out was launched with its Beacon Chain on Dec. 1, the 900,000 Ether deposited by stakers will not be available for withdrawal until Phase 1.5 — which is expected to arrive around early 2022.Last week, Ethereum developer Danny Ryan introduced....

Institutional Bitcoin Shop NYDIG Raises $150M for Twin Crypto Funds

New York Digital Investments Group (NYDIG) raised $150 million for two new funds to invest in cryptocurrencies, a move that underscores the one-stop crypto shop’s skyrocketing clout on the institutional bitcoin scene. As revealed in two U.S. Securities and Exchange Commission filings, NYDIG Digital Assets Fund I raised $50 million from institutional investors while NYDIG […]

CEO of World’s Largest Asset Manager Says Bitcoin Can Possibly ‘Evolve’ Into ...

The head of the world's largest asset manager has provided a bullish take on the world's first cryptocurrency.

Reuters runs the headline Bitcoiners have longed to read

Mainstream news agencies are beginning to provide positive coverage of Bitcoin, acknowledging its proper significance as an asset as the US dollar nosedives. The U.S. Dollar Index fell sharply today, extending a 10 month losing streak that places it at the lowest point since April 2018. International news agency Reuters marked the occasion with a story headlined: “Dollar plummets on U.S. stimulus hopes; Bitcoin hits all-time peak”. The article noted the tumble coincided with today’s news of a second COVID relief bill being discussed in Congress and the recommencement of negotiations....

Increase Your Potential Profit With the Margin 2X Feature on Remitano Invest

PRESS RELEASE. With the steady rise of Bitcoin price in recent days, this is arguably one of the best periods for Bitcoin trading and other cryptocurrencies. However, not all willing investors have enough capital to invest in the crypto market and although sometimes it is good to start small, investors who start with small capital tend to make negligible profits. As a result, Remitano, the leading peer-to-peer cryptocurrency exchange has launched its margin trading product with 2X leverage on its Invest platform. This new feature enables both small and big investors alike to double their....

TA: Bitcoin Correcting Gains, Why 100 SMA Could Trigger A Larger Decline

Bitcoin price formed a new yearly high close to $20,000 before correcting lower against the US Dollar. BTC could accelerate its decline if there is a clear break below the 100 hourly SMA. Bitcoin is currently correcting lower below the $19,500 and $19,000 levels. The price is approaching a key support at $18,350 and the […]

Bitcoin Is Becoming a Digital Gold Story: Mike Novogratz

Bitcoin has undergone a strong surge over the past few weeks, strongly outperforming gold. The price of the leading precious metal has actually dropped strongly over the past few weeks, underperforming the stock market and BTC massively. Many think that it is Bitcoin that may be sucking the wind out of the sails of gold. […]

Ten crypto leaders are in the new Forbes 30 Under 30 list

Forbes new list of 600 up and coming entrepreneurs aged below 30 features 10 representatives from the crypto and blockchain sectors. Ten of the youthful business leaders featured in this year's Forbes’ 30 Under 30 list work in blockchain and cryptocurrency, highlighting increasing acceptance of the industry from the mainstream media.Despite its name, the list actually highlights 600 young people across various categories — with the crypto alumni including seven individuals in the finance category, one in venture capital, one in energy, and one in manufacturing.The finance category features....

This Economic Model Predicts a $200,000+ Bitcoin Price by 2022

Bitcoin has been on a wild ride throughout the past few days, with bulls sending the cryptocurrency rocketing up to fresh all-time highs yesterday around $19,800 before losing their strength and succumbing to bears. From here, the cryptocurrency’s price saw a vicious decline that sent it all the way down to lows of $18,200. The […]

SushiSwap (SUSHI) Surges 35% Amid Yearn.finance (YFI) “Merger”

SushiSwap’s native token, SUSHI, is in the midst of undergoing a massive surge higher. The coin is up 35% in the past 24 hours according to top data sources in the space such as CoinGecko. This performance makes it the best performing digital asset of the past 24 hours, strongly outperforming Bitcoin and Ethereum. BTC […]

Pomp talks Shark Tank's Kevin O'Leary into buying 'a little more' Bitcoin

Shark Tank's Kevin O'Leary said he was “not against Bitcoin” but would invest far more into the crypto asset if it were backed by regulators. Canadian businessman Kevin O'Leary, who appears on the reality TV show Shark Tank, has seemingly softened his stance on Bitcoin after speaking with Anthony ‘Pomp’ Pompliano. In an episode of the Pomp Podcast released today, Shark Tank's Kevin O'Leary appeared to be moving past his statements last year when he declared that Bitcoin (BTC) was “not a real currency” — though he still expressed concerns about the crypto asset’s volatility. The businessman....

From FOMO To Overbought: Why Bitcoin Is Overdue For A Steep Correction

FOMO has returned to the crypto market in a major way, now that Bitcoin has set a new all-time high price record. But as more buyers pile in after an already nearly 200% rally in 2020, indicators are reaching extreme readings of overbought conditions, that nearly every time in the past has resulted in a […]

Breaking Down the Key Statistics of the Ethereum 2.0 Launch Date

Ethereum 2.0 finally launched yesterday after months and even years of waiting. According to data from Dune Analytics, more than 900,000 ETH, worth over $500 million, was locked into Ethereum 2.0’s Beacon Chain. This is 166% more than the threshold of 524,288 coins required to launch the upgrade. There were 2,700 unique depositors running over 20,000 validator nodes. Ethereum 2.0 Launch Stats Ethereum 2.0 finally launched yesterday. After months of waiting, the first phase of […]

Ethereum’s market cap surpasses GM, CME, and tech stocks — What’s next?

Ether price has rallied 322% year-to-date and its $67 billion market cap now surpasses General Motors and CME Group. 2020 has been an impressive year for the Ethereum network and Ether (ETH) price. In November the Eth2 deposit contract quietly launched and before the end of the month the contract had reached capacity with 524,288 Ether locked. When Black Thursday occured on March 12, nearly every cryptocurrency had its price crushed and Ether was not spared from the carnage. After trading for as little as $86 on March 12, Ether price recovered to post a year-to-date gain of 322% and the....

Russia’s Biggest Bank Sberbank Unveils Crypto Plans to Follow Upcoming Regula...

The largest bank in Russia, the state-owned Sberbank, has reportedly unveiled its crypto plans as the country is set to begin regulating the industry in January. Sberbank’s CEO says the bank may issue its own cryptocurrency in collaboration with JPMorgan. Sberbank’s Crypto Plans and Sbercoin The CEO of Sberbank, Herman Gref, unveiled on Monday his bank’s plans for when the country’s upcoming crypto regulation takes effect. Gref explained that the law “On digital financial assets” will enter into force in Russia on Jan. 1. It provides a legal definition....

Crypto.com secures an Australian Financial Service License

The mandatory license will allow Crypto.com to issue crypto debit cards in Australia. Crypto exchange and debit card provider Crypto.com has completed the acquisition of an Australian financial services company in order to secure an Australian Financial Service License, or ASFL. The acquired firm, named The Card Group Pty Ltd, has been described as specializing in "prepaid card, mobile, and wearable solutions" for enhancing cardholders' engagement. Crucially, the firm was already approved by Australia’s Foreign Investment Review Board, paving the way for Crypto.com's ASFL.With an ASFL....

XRP Could Target a Move to $1.80 as Technical Strength Flourishes

XRP has been one of the most surprising beneficiaries of the recent market-wide uptrend, with the previously embattled cryptocurrency exceeding Bitcoin’s gains over a short time frame while also outpacing Ethereum and other major altcoins. Its strength came about following the break above a multi-year trading range that it has been stuck in between $0.20 […]

Here’s How Bitcoin Could Spark a Massive Move Higher for Smaller Altcoins

Bitcoin has seen some wild price action throughout the past few days and weeks, with the selling pressure seen at its all-time highs sparking multiple rejections Neither of the rejections seen at this level have done much to change the crypto’s trend, as it continues pushing higher each time Where the entire market trends next will depend largely on whether or not BTC can stabilize within the lower-$19,000 region Each visit to its highs degrades […]

Dwight, not Wright: 'I am Satoshi Nakamoto,' says beet farming #BitcoinTuesda...

Question: what kind of crypto is best? False — Bitcoin. The search for Satoshi Nakamoto may be nearing its end as Rainn Wilson, best known as Dwight Schrute from the U.S. version of the TV series The Office, has stepped up to the role as part of Bitcoin Tuesday.In a YouTube video posted as part of the crypto-based charity event, Wilson claimed to be the legendary and elusive inventor to encourage viewers to make “Bitcoin and other cryptocurrency” donations to the Mona Foundation, an organization that supports schools and programs in economically disadvantaged communities, with a specific....

Privacy Concerns Over Bitcoin Upgrade Taproot Are a ‘Non-Issue,’ Experts Say

Bitcoin privacy experts are unimpressed with a circulating slideshow-style privacy report that targets upcoming Bitcoin upgrade Taproot.

TradingView general manager explains how the current crypto bull market is un...

He thinks he's spotted a key differentiator, and old school crypto enthusiasts will likely agree. The cryptocurrency space has undergone a number of bull and bear markets since its inception in 2009. The crypto bull run in 2017 was one of the biggest years for the industry, hosting soaring digital asset prices and growth.Blockchain markets look much different today than they did three years ago, however, based on regulation, adoption, and other factors. How will crypto’s current macro uptrend differ from 2017? Asset dispersion is a key differentiator, according to Pierce Crosby, general....

Market Wrap: Bitcoin Falls to $18.1K as Correlation to Ether Picks Up

Bitcoin’s bull run stalls while ether is still acting like a little brother despite the audacious Eth 2.0 upgrade.