JP Morgan Sees Millennials' Bitcoin Preference Over Gold as Foundation for Its Long Term Success
JP Morgan says bitcoin’s 2020 surge is set to continue as the digital cryptocurrency competes better against gold as an alternative currency. In a note, the financial institution says that with millennials set to become a more important market participant ... read more.
US Agencies Propose Changes to Funds Transfer Rules to Include Cryptocurrencies
The U.S. Federal Reserve Board and Fincen are seeking feedback on their proposal to lower the threshold at which financial institutions must collect and retain information on funds transfers. In their joint notice on the rule change proposal, the two ... read more.
Privacy-Focused Brave Users Can Now Purchase Bitcoin Cash Through Bitcoin.com
The privacy-centric web browser Brave has partnered with Bitcoin.com in order to give users access to cryptocurrencies like bitcoin cash from directly inside their browser. The newly added Bitcoin.com widget has been added to the latest Brave software and is ... read more.
Can Github Remove the Bitcoin Codebase? Recent Repository Takedown Has Proponents Worried
On October 23, the Microsoft-owned Github leveraged an ostensible DMCA takedown in order to remove 18 projects from the code-hosting portal. According to sources, the takedown stemmed from a request filed by the Recording Industry Association of America (RIAA). Github’s ... read more.
40 Million Troy Ounces: Russia's Gold Find Reaffirms Bitcoin as the More Scarce Asset
News of the discovery of approximately 40 million troy ounces of gold in Russia’s Siberian region is likely to boost the profitability of the country's biggest gold producer, while adding to the supply of the "scarce" resource. Reports say the ... read more.
Defi Protocol Harvest Finance Hacked for $24 Million, Attacker Returns $2.5 Million
Decentralized finance (defi protocol) Harvest Finance was hacked on Monday for $24 million. The attacker targeted the protocol's liquidity pools, performing an arbitrage attack using a large flash loan - a type of uncollatarized loan - but later returned $2.5 ... read more.
$250 Trillion in Assets Looking for Ideal Store of Value: A Bull Case for Bitcoin
The CEO of Nasdaq-listed billion-dollar company Microstrategy has made a strong bull case for bitcoin. He says there is a $250 trillion ocean of assets looking for the ideal store a value right now and bitcoin is a better store ... read more.
The Many Facts Pointing to John Nash Being Satoshi Nakamoto
Six years ago, a number of theories spread across the internet that claimed the famed American economist and mathematician John Forbes Nash Jr. was Satoshi Nakamoto. There's a bunch of circumstantial evidence that has invoked some research into the possibility ... read more.
South African Regulator Raids Home of Key Members of an Alleged Crypto Ponzi Scheme
A South African regulator along with the country’s police have reportedly seized electronics devices and computers belonging to two principal members of Mirror Trading International (MTI), an alleged bitcoin Ponzi scheme. The raid at Clynton and Cheri Marks' home on ... read more.
If Bitcoin Passes $14K, Analysts Say Traders 'Should Look to $20,000' Instead of Looking Back
While bitcoin prices touched all-time 2020 highs on Tuesday, a few analysts say they are expecting only a few more hurdles to surpass the 2017 all-time high (ATH). For instance, the market analyst from Etoro, David Derhy, says to look ... read more.
Southeast Asia's Largest Bank DBS Plans to Launch a Cryptocurrency Exchange
The Singaporean multinational banking and financial services corporation DBS published an announcement revealing it was launching a cryptocurrency exchange. The announcement was later removed by the company, but crypto proponents have learned about the upcoming support for assets like bitcoin, ... read more.
Bitcoin Transaction Fees Spike 350% in a Month, as ETH Fees Decline
Bitcoin transaction fees are on the rise again. Fees shot up more than 350% during the last thirty days to Oct. 22. The most significant increase occurred in the last week, as the price of bitcoin soared on growing institutional ... read more.
Onchain Data Shows Rising Bitcoin Whale Index Surpassing 4-Year High
Onchain analytics from the research and analysis firm Glassnode shows that the number of bitcoin whales (addresses with at least 1,000 bitcoins) has surpassed 1,900 clusters. The number of network participants in terms of 1,000 coin whales hasn't been this ... read more.
A Look at the Fascist Agenda Behind the 'Great Reset' and the WEF's Reboot Propaganda
Less than two weeks ago, the International Monetary Fund (IMF) managing director called for a “new Bretton Woods moment.” Meanwhile, the IMF is not the only entity pushing for a “great reset,” as the World Economic Forum (WEF) and other ... read more.
The $750 Million Pre-Halloween Bitcoin Options Expiry Has Started to Spook Traders
Even though cryptocurrency traders have been exuberant over the price rise, a number of analysts are focused on the large bitcoin and ethereum options expiries set to end before Halloween. Data from Skew.com shows $750 million in Bitcoin options is ... read more.
22 Indian Bank Branches to Begin Offering Crypto Banking Services
An Indian bank is preparing to start providing crypto banking services at its physical bank branches. Customers can buy bitcoin and several other cryptocurrencies at these branches with Indian rupees, open savings accounts with crypto wallets, make loans against their ... read more.
JPMorgan Praises Bitcoin Then Pushes JPM Coin, Sets Up Dedicated Crypto Unit
After JPMorgan analysts praised bitcoin, saying that the price of the cryptocurrency could triple, JPMorgan reveals that it has set up a dedicated crypto unit and its own cryptocurrency is now being used commercially by a large tech company for ... read more.
‘David Hasselhoff Invented Bitcoin’ - 9 Celebrities Wish Bitcoin a Happy Birthday
Ahead of the 12th anniversary of the Bitcoin white paper, a large group of celebrities published cameo videos saying “happy birthday” to the world’s first cryptocurrency. A number of popular stars appear in the videos including Charlie Sheen, David Hasselhoff, ... read more.
Mempool Clog: Bitcoin Hashrate Drops 40%, Backlog Shows Over 100K Unconfirmed Transactions
The Bitcoin network hashrate has dropped significantly over the last four days sliding from a high of 161 exahash per second (EH/s) to 90 EH/s on October 27. Today, the Bitcoin hashrate has improved a hair as the network’s security ... read more.
Yearn Finance Founder Andre Cronje's New Defi Token KP3R Soars 3,600% 24 Hours After Launch
Yearn Finance founder Andre Cronje's new defi token called KP3R has soared more than 3,600% in just over 24 hours after official launch, as yield farmers pour in millions of dollars into the project. The token opened at just $10 ... read more.
Iran's New Crypto Law Requires Miners to Sell Bitcoin Directly to Central Bank to Fund Imports
Iran has reportedly revised the country's cryptocurrency regulation to require licensed bitcoin miners to sell their coins directly to the central bank for use to fund imports. Iran's Revised Crypto Law The Iranian government has amended its cryptocurrency regulation to ... read more.
Microstrategy CEO Personally Owns $240 Million in Bitcoin — Company's BTC Profit Eclipses Other Earnings
Following a $425 million bitcoin purchase by his billion-dollar company, Microstrategy CEO Michael Saylor reveals that he personally owns about $240 million in bitcoin. Meanwhile, his company's bitcoin gains have outperformed the company's other earnings. Microstrategy and Its CEO Are ... read more.