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Big tech and stablecoins could disrupt the European financial system, says ECB Executive Board Member, Fabio Panetta. In a speech at the “Future of Payments in Europe” conference, Panetta stated, “While they could offer convenient and efficient payment solutions, they risk endangering competition, privacy, financial stability and even monetary sovereignty.” He also went on to […]
Having come close to doubling since Labor Day and with speculative fervor really starting to build, Bitcoin (BTC-USD) was surely set for a sizable plunge at some point.That move began Wednesday night, sending the crypto all the way from $19.5K down to $16.3K. It's been attempting some sort of bounce since, and currently is changing hands at $17K.Maybe at the top of the list of reasons for the selloff was a Wednesday evening tweetstorm from Coinbase (COINB) CEO Martin Armstrong suggesting Treasury boss Steven Mnuchin is attempting to rush out new regulation on self-hosted crypto wallets. Armstrong: "This proposed regulation would, we think, require financial institutions like Coinbase to verify the recipient/owner of the self-hosted wallet, collecting identifying information on that party, before a withdrawal could be sent to that self-hosted wallet ... This additional friction would kill many of the emerging use cases for crypto. Crypto is not just money
Fabio Panetta. Speech by Fabio Panetta, Member of the Executive Board of the European Central Bank (ECB), at the Deutsche Bundesbank conference on the "Future of Payments in Europe." Frankfurt am Main, 27 November 2020. ______Retail payments play a fundamental role in our daily lives and for the economy. Last year, adults in the euro
This past week in crypto, bitcoin made a strong move and surpassed USD 19,000, but not before coins below USD 1 had their own rally as the best performers among the top 100. Speaking of BTC climbing, we wondered what exactly is bitcoin’s all-time high. Then, BTC dropped below USD 17K and altcoins turned bloody - so, the usual. As ETH rallied, ETH 2.0 deposit contract reached nearly 60% of staked
Ripple CEO Brad Garlinghouse is confident that his company would still flourish even if lawmakers in the U.S. declared its XRP cryptocurrency a security. Speaking during a podcast interview with Morgan Creek Digital’s Anthony Pompliano, Garlinghouse delved into the repercussions of the United States Securities and Exchange Commission (SEC) recognizing XRP as a security. He […]
Bitcoin and cryptocurrencies are once again a hot topic, being discussed across the broader financial space the most since Facebook’s Libra cryptocurrency was first announced. On the heels of the recent resurgence in the crypto market, rumors suggest that Facebook could be ready to launch Libra as early as January 2021. What sort of impact would its launch have amidst the recent Bitcoin resurgence and any upcoming altcoin season? Will Bitcoin Benefit Again From Facebook’s […]
Amidst all the market movement over the past few days, and liquidations observed over exchanges, CME has now overtaken OKEx to become the largest Futures market for Bitcoin. Data from skew analytics confirmed that with over $1.16 billion in Open Interest, CME has officially taken the top spot. Only a month ago, the Open Interest […]
The millionaire “Twitter Philanthropist” Bill Pulte, dubbed “Bitcoin Bill” after his foray into the BTC market back in December 2019, has taken to social media, live-streaming to his followers to share claims that “30 billionaires” have bitcoin holdings they are not telling the public about.Pulte said,“I was on the phone to a billionaire the other day
Two days before the New York Times (NYT) published an article alleging the firm discriminated against Black employees, Coinbase (COINB) put out a statement defending itself against the accusations.This is a rare case in which a company strives to refute an article that will put it in a negative light before it's even published, as it seeks to direct the narrative.The NYT piece, published online on Friday and citing five people with knowledge of the situation, said that at least 11 of 15 Black employees who left the company in late 2018 and early 2019 informed Coinbase's human resources department of racist or discriminatory treatment.Those 15 people represented about three-quarters of the Black employees at the 600-employee company, the article said. About 3% of the company's employees are Black, less than half the average in most of the tech industry, and that number has stayed flat in recent years, the NYT
Famous gold proponent Peter Schiff is not a big fan of bitcoin and has predicted the top cryptocurrency’s doom on a number of occasions. Schiff’s last prediction came after the infamous Black Thursday crash in March this year when the bitcoin price crashed by more than 50% in a single day. Since then bitcoin has
An executive at the crypto investment firm Kenetic Capital says XRP’s huge year-end rally was fueled by one simple factor. Managing partner Jehan Chu says the coming Flare airdrop, which is set to happen on December 12th, triggered a burst of retail buys that sent the cryptocurrency from $0.30 on November 19th to a high […]
After an intense rally witnessed in the cryptocurrency market, the trends have reversed. Bitcoin along with altcoins has been moving down the price scale, but this has not stopped the upcoming developments. Ethereum Classic is set for its hard fork, Thanos [ECIP 1099], scheduled to take place on 29 November. In order to keep up […]
Despite Facebook’s various obstacles, the social media giant is set to finally launch its digital currency. According to reports, the much-anticipated Libra currency might launch as soon as January 2021, but in a more reduced capacity than the original ambitious model. In the wake of harsh regulatory scrutiny, Libra will launch as a U.S dollar-pegged […]
Bitcoin broke out above $19,000 on 24th November sending the market into a euphoric state with many investors expecting the top cryptocurrency to breach and surpass 2017’s ATH of a little below $20,000. Various exchanges’ data shows after breaching the $19,000 level, Bitcoin went as high as $19,999 on Gemini, $19,892 on Coinbase, $19,777 on […]
Bitcoin price failed to recover above the USD 17,350 and USD 17,500 resistance levels. BTC is showing a few negative signs, but it is still well above the USD 16,500 and USD 16,250 support levels. The price is currently (13:00 UTC) trading around USD 17,000 and attempting upside towards USD 17,350.There was a minor decline in most major altcoins toward key supports, including ethereum, XRP,
Two days before the New York Times published an article alleging the firm discriminated against Black employees, Coinbase (COINB) put out a statement defending itself against the accusations.The NYT piece, published online on Friday and citing five people with knowledge of the situation, said that at least 11 of 15 Black employees who left the company in late 2018 and early 2019 informed Coinbase's human resources department of racist or discriminatory treatment.Those 15 people represented about three-quarters of the Black employees at the 600-employee company, the article said. About 3% of the company's employees are Black, less than half the average in most of the tech industry, and that number has stayed flat in recent years, the NYT article points out. Meanwhile, tech firms like Square, PayPal, and Twitter have been increasing the percentage of their employees who are Black.The former employees described instances of racist comments, being excluded from
Coinbase CEO Brian Armstrong, in a series of tweets, has suggested new regulations require Bitcoin and other digital asset transactions to be sent only to ID-verified wallets. Armstrong suggested this based on “rumors” he had heard. Though it’s hard to see how such a law would work, it’s a reminder that governments remain very keen […]
Having come close to doubling since Labor Day and with speculative fervor really starting to build, Bitcoin (BTC-USD) was surely set for a sizable plunge at some point.That move began Wednesday night, sending the crypto all the way from $19.5K down to $16.3K. It's been attempting some sort of bounce since, and currently is changing hands at $17K.Maybe at the top of the list of reasons for the selloff was a Wednesday evening tweetstorm from Coinbase (COINB) CEO Martin Armstrong suggesting Treasury boss Steven Mnuchin is attempting to rush out new regulation on self-hosted crypto wallets. Armstrong: "This proposed regulation would, we think, require financial institutions like Coinbase to verify the recipient/owner of the self-hosted wallet, collecting identifying information on that party, before a withdrawal could be sent to that self-hosted wallet ... This additional friction would kill many of the emerging use cases for crypto. Crypto is not just money
TL:DR Breakdown: Nouriel Roubini argued in the tweet that Bitcoin is the most manipulated asset ever, following the recent price decline. He noted that the whole rise and fall trends of Bitcoin are scams, as whales dump their large holdings on the retails. Again, he raised the common critic point that Bitcoin has zero intrinsic […]
Source: Adobe/ÐлекÑандр КоликовCrypto community members are wondering what has become of a huge stash of crypto worth a combined USD 4.2bn seized by the Chinese authorities who closed down the PlusToken crypto scam earlier this year – with some asking if the funds were already “dumped” onto the market months ago, and others suggesting the state may still be holding onto the
Bitcoin (BTC) mining difficulty is expected to rise again in two days, the most since September, cutting into the profit margins of BTC miners right after a strong market correction this week. Major mining pool BTC.com estimates that the mining difficulty, which is the measure that shows how hard it is to compete for mining rewards, will rise this Sunday during the next
EOS may appear dead as per the crypto’s current price movement irrespective of the intermittent rises in the previous quarter and recently when it spurred as high as $3.8, while currently trading with a sheer correction of over 25% in just two days. The current bearish candlewick led to a steep pullback below $3 and …
Quick take: Ethereum investors continue sending ETH to the ETH2.0 staking contract This is despite the minimum threshold of 524,288 ETH been met 775,232 ETH is currently locked in the contract which is 148% of the required amount According to Weiss Ratings, the high deposits means everyone wants to get onboard Continual deposits is a clear sign of investor confidence in Ethereum The minimum threshold of Ethereum deposits required to trigger Phase 0 ETH2.0 was met earlier this week. This […]
Bitcoin SV price Movement Overview Bitcoin SV pulled back from the 30-month high marked above $200 at $216 on the daily chart and is ranked amongst the market’s top 15 cryptos. Although the hard fork of BCH is seen trading as the most lucrative cryptos of the market, we cannot ignore the fact that the …
Coinbase CEO Brian Armstrong is warning crypto asset owners about legislation cracking down on self-hosted crypto wallets that may be hastily introduced in the Trump administration’s final days. Armstrong took to Twitter to alert his 376,000 followers that there are rumblings of a new crypto-targeted legislation in Washington. “Last week we heard rumors that the […]
According to a Chinese court ruling, Chinese police seized cryptocurrency worth more than $4.2 billion related to the massive PlusToken Ponzi scheme crackdown. In a November 19 judgment made public this week, the Jiangsu Yancheng Intermediate People’s Court has detailed the breakdown for the first time of all the crypto assets seized by Chinese police […]
TL:DR Breakdown German finance minister wants the ECB to speed up their work for launching a digital Euro. He pointed out in a conference today that there is a high demand for digital payment solutions. The quest for central bank digital currency (CBDC) grows stronger as the public continues to search for more solutions to […]
Quick take: Chainlink is once again at the $12 support zone This support area coincides with where the 50-day moving average currently lies According to MagicPoopCannon, if this area holds, ChainLink could very well restest its recent all-time high of $20 Conversely, ChainLink losing this area as support could result in a drop to $7.40 The digital asset of ChainLink is once again battling to maintain its value above the $12 support area. The last 72 hours have been a […]
After going back and forth with its digital currency, Facebook has announced the launch of its cryptocurrency, Libra by January 2021. According to reports, three unidentified people involved in the project have disclosed this information and noted that it will launch a single digital coin backed by the dollar. The Geneva-based Libra Association will issue […]
Bitcoin may be approaching its all-time high and getting stuck just short, but when it comes to Ethereum, a significant milestone has been hit where the $500 mark has been breached, and a new year high of $620 topped. The entire cryptocurrency market place has benefited from a strong run lead by the major coin, …
According to the Financial Times report, the long-awaited stablecoin Libra could finally see the light of day as soon as January 2021. After facing scrutiny from global financial regulators for more than a year, Libra will finally launch in the form of a United States dollar-backed digital currency. Citing three people involved in the Libra […]
Brad Garlinghouse. Source: a video screenshot, Youtube, Bloomberg TechnologyXRP being declared a security in the US would not harm Ripple, but might hurt the country's purse, said Brad Garlinghouse, CEO of the American blockchain company focusing on payments technologies. "My very strong opinion [is] that it's very hard to look at XRP as a security," the CEO reiterated during the
Olaf Scholz, the German Finance minister on Friday said that the European Central Bank must work very hard towards finalizing their plans for a digital Euro and a digital payment network. Scholz’s comment came during an online conference on future payments. The finance minister noted that the growing demand for a national digital payment system
Bitcoin has dropped dramatically from its $19,500 highs The coin fell as low as $16,200 earlier today amid a strong sell-off and a lack of buying support Some think that the $3,000 drop could be the start of a deeper retracement in the months ahead Willy Woo, a prominent on-chain analyst, remains optimistic. Bitcoin Drops Dramatically From $19,500 Highs to $16,200 Lows Bitcoin has dropped dramatically from its $19,500 highs. The coin fell as low […]
Major crypto exchange, Binance, announced that they will be adding DAI and removing EOS from their Peer to Peer (P2P) trading platform. In the announcement, Binance stated that all EOS advertisements should be removed by 4:00 AM on November 27 and all EOS tokens should be transferred from the P2P wallet to the spot wallet. […]
The Organisation for Economic Co-operation and Development (OECD) looks set to adopt an international set of standards that will change the way crypto taxes are reported – and the body is ready to apply the same kind of tax standards as it uses to police conventional finance in its efforts to tax crypto.Per Law360, Pascal Saint-Amans, the director of the OECD's center
Chainlink, one of the lucrative projects amongst the top 10 coins of the global crypto market, is seen pulling back just like any other altcoin of the market, including the largest cryptocurrency by market capitalization—Bitcoin. The entire crypto market is seen losing the winning streak, including the top 10 except Tether—the global crypto market’s stable …
ETH 2.0 met the threshold number of validators before the cut-off date of November 24 making way for a timely launch of Phase 0 in the form of the Beacon chain on December 1st. The Bacon Chain launch would mark the beginning of a new era for Ethereum blockchain as it moves from a Proof-of-work
A renowned gold investor and Bitcoin bull Dan Tapiero has made the case for a $500,000 Bitcoin price in 5 years. Speaking during a podcast with Anthony Pompliano, Tapiero said that $15 trillion could potentially flow into Bitcoin and push the price to $500,000, representing 20-30x of Bitcoin’s current price level. “In the next five […]
New research indicates Satoshi Nakamoto built Bitcoin in London. Several factors point to Bitcoin’s pseudonymous creator operating out of the capital of the United Kingdom, including Nakamoto’s writing style, activity pattern and the content of the genesis block, according to Doncho Karaivanov, the creative director at the Chain Bulletin. Karaivanov, a former software engineer, notes […]
Facebook-Linked Libra Stablecoin Could Launch in January 2021 | $100 Million Liquidated on DeFi Protocol Compound After DAI Price rise | Bitcoin Whale Population Hits All-Time High as Large Holders Keep Accumulating
Bitcoin bulls should take a moment of caution as this might not be the right time for accumulation. As per the latest reports, Bitcoin Whales have accelerated depositing of their BTC holdings to exchanges. Meaning, we can possibly see heaving selling, and dumping in the short term. Bitcoin is already facing selling pressure as the
Bitcoin bulls have been fired up in recent weeks as its price came close to the coveted $20,000 high. However, the rally halted dead in its tracks with bitcoin crumbling over 11% on Thursday. As a result of this crash, investors have suffered significant losses. Business intelligence firm MicroStrategy is one of the losers holding […]
TL:DR Breakdown: Facebook Libra may be launched by January next year, according to people familiar with the matter. Due to the regulatory uncertainties around the token, it will be no longer debuted as a global stablecoin. Initially, it will launch as a US dollar-backed stablecoin, while support for other fiat currencies will be added separately […]
