Quick Take Record flows everywhere you look. But be careful about your priors. This research piece is available to members of The Block Genesis. You can continue reading this Genesis research on The Block. Source Author: Ryan Todd
Ripple’s Brad Garlinghouse says institutional investment into cryptocurrency is skyrocketing and pointed to the growing real world uses for bitcoin and XRP. Source Author: Michael Lavere
With China making significant strides in crypto and blockchain development, the US Intelligence apparatus is reportedly worried about the US falling far behind its current economic rival. From crypto mining to central bank digital currencies (CBDCs), there is a popular narrative that Beijing controls vast swaths of the emerging digital Read more…
XRP has been caught in the throes of volatility as of late, with much of this greatly favoring bulls The crypto saw a parabolic upswing earlier this week that caused its price to multiply over the past few days This intense upswing has slowed down, and the lack of any Read more…
Former CFTC Chair Gary Gensler, who’s leading Joe Biden’s financial oversight team, may be tapped as Deputy Treasury Secretary. Source Author: Nikhilesh De
The number of Bitcoin “whales” today hit an all-time high, data from metrics site Glassnode shows. The number of #Bitcoin whales (entities holding at least 1,000 $BTC) has reached a new ATH after more than 4 years. An entity is a cluster of network addresses controlled by the same individual/institution. Read more…
Crypto analyst and influencer Lark Davis is naming his top altcoin picks. At the top of the list is Ethereum (ETH) which he notes is a buy on dips as the leading smart contract platform launches ETH 2.0. “In anticipation of the good news, Ethereum has been going crazy. The Read more…
A cryptocurrency-based cyberattack has made its way into the offices of GoDaddy, an web domain provider. The big clincher is that the company’s employees were utilized to do the job. GoDaddy Compromised; Crypto Site Traffic Misdirected 2020 has been the year of many things when it comes to crypto. It’s Read more…
WikiFX doesn’t offer trading products, Its website provides regulatory license inquiry and credit evaluation for FX brokers Source Author: Aziz Abdel-Qader
Grayscale’s Bitcoin Cash and Litecoin offerings are trading at a more than 1000% premium compared to underlying asset value, according to market performance data on its website. The firm’s market data for Grayscale Bitcoin Cash (BCH) shows market price per share at $37.90, while BCH holdings per share remains at Read more…
The past couple of months have been remarkable for the bitcoin markets. The number one cryptocurrency which was trading at $3,800 just the other day, breached $19,000 for the first time since the 2017 bull market. Despite the extraordinary performance, gold bug Peter Schiff continues to criticize the OG cryptocurrency. Read more…
Thanks to Bitcoin, Gab has achieved its first $100,000 revenue in a month, said Andrew Torba, the social networking service CEO. For the first time in its four year history, Gab saw a six-figure revenue that too without a “single credit or debit card transaction.” In his post on Tuesday, Read more…
The South Korean lawmakers are reportedly making plans to push a three-month delay on the imposition of a tax law amendment bill that the government had proposed on virtual currencies. The bill aims to impose income tax on investments in cryptocurrencies like Bitcoin, ETH, and the likes and have been Read more…
IDEX, a popular decentralized exchange (DEX), plans to expand its infrastructure into two extra blockchains, adding its Ethereum (ETH) implementation. In an announcement shared with BEG, IDEX confirmed a multi-chain solution expansion program that will integrate the decentralized exchange’s infrastructure to Polkadot and Binance Smart Chain (BSC). The latest move Read more…
PayPal users who use the service for high-frequency crypto trading should be cautious about having their accounts banned. One Redditor reportedly learned this lesson recently with the payment giant placing a 180-day hold on his purse that still has about $462. Apart from the likelihood of users facing account closures Read more…
Ethereum has seen a couple of sharp selloffs throughout the past day, with bears aiming at keeping it below $600 This comes following a strong move higher earlier this week, which allowed the crypto to rally as high as $623 The selling pressure here was intense and caused it to Read more…
Canadian crypto trading platform Coinsquare is shaking up its board of directors, the exchange announced Wednesday. According to an official announcement, executives Nicholas Thadaney and Wendy Rudd will join the board. Both have experience in Canadian securities regulation, investment dealer operations and regulated marketplaces, the announcement stated. Their appointments come Read more…
The price of XRP, the third-largest cryptocurrency by market cap, today fell by 18.64%, according to data from CoinMarketCap. After hitting daily highs of $0.71 at 15:19 UTC, the price of XRP fell sharply at about 20:00 from $0.66 to lows of $0.59. The current price of XRP is $0.62 Read more…
What better way to convince the world’s brightest young minds to spend a month working under your thumb than to launch a competition based on a centuries-old rivalry between two of the world’s leading universities? APEX:E3, the crypto algorithmic trading firm putting on the competition, has a deceptively simple ask Read more…
Lithuania’s tax authority has sold the cryptocurrencies it previously seized for 6.4 million euros (approximately $7.6 million). The three cryptocurrencies confiscated were bitcoin, ether, and monero. This was the first time the tax authority sold seized cryptocurrencies. Lithuania Sold Seized Cryptocurrencies The State Tax Inspectorate (STI) under the Ministry of Read more…
Over the summer months, Ethereum transaction fees ran hot, causing the DeFi trend and Uniswap token swapping boom to finally run out of steam. But as transaction fees begin to pick up again after a period of inactivity and downtrend, could it be a signal that another phase of DeFi Read more…
Analysts and industry experts have been jumping back and forth about where they think the future of bitcoin lies. The currency has been booming like it never has before, jumping beyond the $18,500 line and surging to its highest position since late 2017. Some are convinced that the bull run Read more…
Quick Take The initial phase of Eth2 — the next-generation of Ethereum — is rolling out next week. It represents the first step in Ethereum’s transition into a proof-of-stake network. But there’s still a lot of work left to do for the full Eth2 upgrade, Justin Drake, Eth2 researcher at Read more…
In another big move yesterday, the price of Bitcoin went as high as $19,400, a level last seen during BTC’s run-up to a new all-time high. But with the last resistance level present at $19,300, Bitcoin has yet to make a strong move upwards. Today, we are back to reaching Read more…
The Libra Association announced today that Saumya Bhavsar, a lawyer with experience at Credit Suisse and UBS, will serve as general counsel for its payments operation, Libra Networks. The Libra Association was established by Facebook in 2019 to oversee the company’s digital currency initiatives, including (but not limited to) the Read more…
IOTA has announced a new wallet dubbed ‘Firefly’ according to a recent tweet by the IoT-focused blockchain foundation. The tweet sent out yesterday revealed that Firefly would replace IOTA’s infamous wallet, Trinity, which was hacked earlier this year. Dominik Schiener, the co-founder of IOTA, quoted this tweet announcement noting that Read more…
US senator-elect and former Wyoming state treasurer Cynthia Lummis says states should lead the way in creating policies that allow Bitcoin to function the way it was designed. In an interview with Bitcoin Magazine’s Peter Chawaga, Lummis explains why she believes the federal government should take a back seat and Read more…
Coinsquare onboarded Nicholas Thadaney and Wendy Rudd to its board of directors Source Author: Aziz Abdel-Qader
Filecoin, which has become one of the largest decentralized storage projects on the market after launching in October, is getting a boost from crypto custody provider Anchorage to access liquidity from the DeFi industry. Anchorage announced yesterday the release of Wrapped Filecoin (wFIL) in cooperation with Tokensoft and investment firm Read more…
The number of Google searches containing the term “ethereum” has reached its highest level since February 2018. The Block tracks Ethereum search volume relatively from 0 to 100, with 100 being the maximum for a given period. On December 10, 2017 the level reached 100. In early 2018, levels were Read more…