Bank of England Governor Warns Cryptocurrencies Won’t Last
The governor of the Bank of England, Andrew Bailey, believes that no existing cryptocurrencies will last. Talking about the design, governance, and arrangements of “a lasting digital currency,” the head of England’s central bank said, “I don’t think cryptocurrencies...
Cathie Wood: Bitcoin ETF Approval Unlikely Until Market Cap Rises to About $2T
"The flood of demand has to be satisfied" for the SEC to feel comfortable with a bitcoin ETF, said Wood. Source: coindesk
Why Estonia Has Begun Hosting the Bitcoin White Paper
Estonia today published the Bitcoin white paper on a government website—in defiance of Bitcoin’s self-proclaimed “inventor” Craig Wright. The white paper is now hosted on Estonia’s e-Residency website; e-Residency is akin to a government visa for “digital...
DeFi tokens bag double-digit gains as bears pin Bitcoin price below $33K
A handful of DeFi tokens saw strong rallies even as bears continue to pin Bitcoin price below $33,000. Today Bitcoin (BTC) price continued to face selling pressure in the $32,500 to $33,000 resistance cluster and this led to a mild 3% to 5% pull back from most...
The Sandbox Crypto Game Plots First Public LAND Sale
The Sandbox, an upcoming Ethereum blockchain-driven online game, will hold its first public sale for in-game plots of terrain, which are called LAND. The public sale will take place starting on February 11, and follows several sold-out presale offerings. The game’s...
How Bitcoiners Should Watch the US Federal Reserve Meeting on Wednesday
Comments from Fed chair Jerome Powell could tell bitcoiners how committed the central bank is to staying the course on low interest rates through the rest of the year. Source: coindesk
Circle Is Making It Easy to Go From Your Bank to DeFi With USDC
Circle announced today the addition of Automated Clearing House (ACH) payments for USDC dollar-pegged stablecoins to the Circle API, a set of developer tools used to integrate different products and protocols with the USDC stablecoin. US customers use ACH payments to...
Iranian government reportedly moving to block Signal messaging app
Rumors are circulating in Iran that authorities already have access to messages on WhatsApp, one of the few unblocked platforms in the country. Signal is reportedly under attack from Iranian authorities as interest is surging amid speculation the government already...
2 key metrics suggest Bitcoin price won’t be pinned below $33K for long
Key Bitcoin price metrics show the recent 12% drop to $30,800 has not stopped traders from buying dips ahead of this Friday's $4.9 billion BTC futures expiry. Over the last 48 hours, Bitcoin (BTC) price climbed from $31,000 to $34,800 before reversing course and...
American Cancer Society Starts 'Crypto Only' Donation Fund
As cryptocurrency has gained popularity and mainstream recognition, we’ve seen more and more nonprofit organizations begin to accept crypto donations. Today, one of America’s most prominent nonprofits, the American Cancer Society, has amplified its crypto push with...
Market Wrap: Bitcoin Slips to $30.8K While Investors Plow BTC Back Into DeFi
Its price fell Tuesday but the amount of BTC in DeFi is at its highest in over a month. Source: coindesk
Bubbles Are Good for Bitcoin
Far from being damaging to bitcoin, bubbles help bring in new users and ultimately accelerate the project's growth. Source: coindesk
Social trading platform eToro ended 2020 with $600M in revenue
The exchange platform’s foray into cryptocurrency has been highly lucrative thus far. Exchange platform eToro is coming off a stellar year of growth, as novice traders seek new pathways into the financial markets, including cryptocurrency. The online brokerage firm...
Bitcoin Falls as Miners Sell, Institutions Watch Yellen
Some institutions have paused their buying, at least for the moment. Source: coindesk
Ex-Goldman CEO Blankfein Says Governments Would Likely Try to Shut Down Bitcoin If Becomes Too Successful
Blankfein misrepresented bitcoin's traceability and falsely claimed users are blind to their counter-parties. Source: coindesk
Ethereum Classic (ETC) Continues Consolidating Within a Range
The Ethereum Classic (ETC) price has been trading inside a range between $3.50 and $9.40 for more than two years. While an eventual breakout is likely, ETC could drop once more before this occurs. Trading Range ETC has been trading in a range between $3.50 and $9.40...
Update: "Coin Signals" trader also faces charges from the CFTC
Arrested by the FBI earlier today, the 24-year-old Spence also faces civil charges of fraud that look to bar him from future trading. For Jeremy Spence, also known as "Coin Signals," the news just gets worse.The Commodity Futures Trading Commission has unveiled civil...
USV Launches $250 Million Fund, Plans to Invest 30% in Crypto Startups
Tech-centric venture capital firm Union Square Ventures has announced that 30% of its 2021 Core Fund will go to “crypto-related investments.” A blog post from Andy Weissman, a partner, reveals that this year’s iteration of the company’s Core Fund has $250 million...
Human Rights Foundation CSO urges Time readers not to 'demonize' Bitcoin
“Bitcoin is neutral like cash, and can’t discriminate between good and bad,” said Gladstein. Alex Gladstein, chief strategy officer at the Human Rights Foundation, is warning Americans about the narrative coming from media outlets reporting on crypto and other privacy...
‘The Four Wars We Could Fight With China,’ Feat. Kyle Bass
One of investing’s loudest critics of China shares his assessment of where the U.S. political and business relationship with the country is headed. Source: coindesk
Union Square Ventures to Allocate 30% of New $250M Fund to Crypto-Related Investments
Planned investments "will include holding tokens directly as well as equity in early-stage blockchain-related projects." Source: coindesk
DeFi revival pushes Celo, Venus (XVS) and Fantom (FTM) price higher
Strong fundamentals, increasing daily active users and successful layer 2 trials are pushing DeFi tokens to outperform the broader crypto market. A new report by CoinShares suggests Bitcoin (BTC) has garnered 97% of the total crypto inflows in 2021. The recent...
Pragmatism: The true key to unlocking crypto mass adoption
Let’s double down on making crypto accessible and usable for real people. When Bitcoin (BTC) launched in 2009, it was motivated by the distrust of financial institutions and their fees and the inflationary practices by central banks during the Great Recession. Bitcoin...
Bitcoin Investment Fund Inflows Hit New Highs: CoinShares
Bitcoin and other cryptocurrency funds just had a record-setting week, according to data from asset management firm Coinshares. In a weekly report, Coinshares takes stock of its performance against other crypto investment firms (like Grayscale, 3iQ, and 21Shares) by...
BiC’s Crypto Video News Show: Alt Season 2021 – Everything You Need to Know
In today’s video, BeInCrypto’s Jessica Walker makes a case for an upcoming altcoin rally, popularly referred to as ‘alt season.’ With bitcoin’s (btc) dominance of the cryptocurrency market recently declining, many investors are hopeful of renewed interest in non-btc...
Colombia, Estonia Upload the Bitcoin White Paper to Their Governmental Websites
More sites are hosting Bitcoin's founding white paper since Craig Wright's threatened copyright infringement lawsuit. Source: coindesk
Former Goldman Sachs CEO: If I Were a Regulator, I’d Be Hyperventilating at the Success of Bitcoin
Former Goldman Sachs CEO Lloyd Blankfein has offered his view on the future of bitcoin. He said if he were a regulator, he would be “hyperventilating” at the success of bitcoin right now and he would be arming himself to deal with it. Lloyd Blankfein Shares His View...
A ‘token’ gift: The US SEC giveth and taketh away
While we would be remiss not to laud the SEC’s statement as a step in the right direction, the shortcomings are inescapable. On Dec. 23, 2020, the SEC published a statement proposing a framework for broker-dealers to custody digital asset securities in a manner...
Stellar (XLM) Invests Big in Wyre With $5 Million Ecosystem Upgrade
The Stellar Development Fund (SDF) has opened its pocketbook to pour $5 million into Wyre, a popular crypto payment API company. The move comes on the heels of Stellar’s xlm cryptocurrency outperforming many of its peers to start 2021. It reached a price of $0.44 on...
‘Coin Signals’ Trader Arrested on $5M Crypto Fund Fraud Charges
24-year-old Jeremy Spence bilked his investors of $5 million, according to a criminal complaint. Source: coindesk
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