Erratic Processing Power: Bitcoin’s Hashrate Gains 45% in a Day, Then Loses 41 Exahash
Bitcoiner Elected to US Senate: Cynthia Lummis Sees ‘Great Promise’ in Bitcoin
A bitcoin hodler has won a U.S. Senate seat. Cynthia Lummis is a bitcoin owner who bought her first bitcoin in 2013 because she believes in the economic power of scarcity and the potential for bitcoin to address some of … read more.
Hash Watch: Bitcoin Cash Services Reveal Contingency Plans for Upcoming Fork
The Bitcoin Cash blockchain is set to upgrade on Sunday, November 15 and it’s still expected that the network will bifurcate. So far, a number of crypto services have revealed contingency plans for the fork, and today’s data shows that … read more.
US Seizes Previously Undetected Silk Road Bitcoins Worth Over $1 Billion
The U.S. government has seized over $1 billion in bitcoin from previously undetected transactions associated with the Silk Road marketplace and is now seeking the forfeiture of the cryptocurrency. US Confiscates $1 Billion in Bitcoin From Silk Road The U.S. … read more.
Iran Adopts Bitcoin for International Trade Amid Heavy Sanctions, Falling Rial, Soaring Inflation
The Iranian government has adopted bitcoin for international trade as the country’s economic crisis deepens, with rising Covid-19 cases, depreciating rial, and intensifying sanctions imposed by the U.S. government. Iran’s Economic Troubles Magnified Iran is undergoing a severe economic crisis … read more.
‘Bond King’ Jeffrey Gundlach: Stock Market Will Crack Pretty Hard, Bitcoin Good Inflation Hedge
Doubleline Capital’s CEO, the billionaire “bond king” Jeffrey Gundlach, has predicted that the stock market is going to “crack pretty hard.” While he is bearish on the stock market and long-term bonds, Gundlach says bitcoin and gold are good for … read more.
Bitcoin’s Market Cap Is More Valuable Than the IMF’s Special Drawing Rights Reserves
At its current price per unit, the decentralized cryptocurrency Bitcoin’s market valuation has surpassed the overall value of the International Monetary Fund’s (IMF) Special Drawing Rights market (SDR $281 billion). Since the massive global market rout on March 12, bitcoin … read more.
Bitcoin Cash-Fueled Onchain Social Media Platform Memo Launches iOS App
Two years ago, an onchain social network called memo.cash was launched and the application has developed quite a bit since then. On Tuesday, the Memo team revealed that the platform is now available for iOS phones via the App Store. … read more.
South Korea To Ban Crypto Exchanges From Handling Privacy Coins
South Korea is to ban crypto exchanges from handling digital assets it considers “dark coins”. Regulator Financial Services Commission (FSC) is specifically targeting privacy coins such as dash, monero and zcash. South Korean platforms such as Okex have since been … read more.
Decentralized Exchanges That Use Automated Market Makers Now Represent 93% of the Market
A recent report by Consensys says the surge in decentralized exchange (DEX) volumes in Q3 of 2020 is down to their adoption of the automated market maker (AMM). According to the report, DEXs that use AMM, a software that algorithmically … read more.
Swiss Bank Sygnum Begins Storing Crypto With Taurus Group, Launches Staking Service
The Switzerland-based bank Sygnum has announced this week that the fintech firm is now storing digital assets with the company Taurus Group. On Friday, the bank also revealed that the FINMA-approved firm’s clientele can purchase and stake XTZ by leveraging … read more.
ETH 2.0 Scheduled for December, Vitalik Deposits $1.4M Worth of Ether Into Phase 0 Contract
This December the cryptocurrency community may see the first introductory phase of the highly anticipated Ethereum 2.0 consensus change. On Wednesday, the Ethereum Foundation published ETH 2.0 specifications explaining how the genesis phase will be invoked. Moreover, on November 5, … read more.
Another Mysterious String of 1,000 ‘Satoshi Era’ Bitcoins Mined in 2010 Moved Today
On November 7 at around 12:37 a.m. (EST), another string of so-called ‘sleeping bitcoins’ were moved for the first time since 2010. The peculiar movement stemmed from 20 blocks from 2010 with approximately 1,000 BTC spent ($15.5 million) in a … read more.
8,000 Bitcoin Scam Victims Get Refunds From US Regulator
The U.S. Federal Trade Commission is refunding about 8,000 victims who lost money from investing in two bitcoin scams. The fraudulent schemes promised that investors could turn their cryptocurrency payments of about $100 into $80,000 in monthly income. Bitcoin Pyramid … read more.
Ethereum User Spends $9,500 in Fees Sending Just $120 in an Error to Forget
An Ethereum user mistakenly paid $9,500 in transaction fees to send just $120. The user, identified by their Reddit moniker ‘Proudbitcoiner’, says the transaction “destroyed my life” and is now desperately asking miners to return the money. According to a … read more.
39 Firms Have Applied to Offer Crypto Services Under New Regulation, Says Dutch Central Bank
Thirty-nine companies have applied for registration with the Dutch central bank to provide cryptocurrency services, the regulator told news.Bitcoin.com. They include crypto exchanges and custodial wallet providers. Dutch Central Bank Begins Registering Crypto Service Providers De Nederlandsche Bank NV (DNB), … read more.
Hash Watch: Kraken Announces BCH Fork Plans, Bitcoin ABC Reveals Two-Pronged Effort
A number of third party infrastructure providers have announced contingency plans for the upcoming Bitcoin Cash upgrade on November 15, 2020. Hitbtc has revealed the exchange’s plans to halt bitcoin cash transactions on that day, and it plans to credit … read more.
Every Major Bank Will Have Exposure to Bitcoin, Says Renowned Fund Manager Bill Miller
Veteran investor Bill Miller says that all major banks, investment banks, and high net worth firms will eventually have some exposure to bitcoin or something like it. He said that bitcoin’s staying power is getting better every day. Bill Miller’s … read more.
Canada’s Tax Authority Asks Court to Force Crypto Exchange to Hand Over Data on All Users
Canada’s tax authority is reportedly asking a federal court to force cryptocurrency exchange Coinsquare to hand over information and certain documents on all of its users since the beginning of 2013. The Canadian crypto exchange has over 200,000 users. Canada … read more.
A Look at ‘Individual X’ and the Seized Stash of Silk Road Bitcoins Worth $1 Billion
On November 3, 2020, the cryptocurrency community noticed that one of the largest addresses holding 69,369 bitcoins from the Silk Road were transferred. Following the onchain movement, the U.S. government revealed it had seized the coins from a person they … read more.
20 More Block Rewards from 2010 Spent Today— Why Are Decade-Old Bitcoins Waking Up?
Following the 21 coinbase rewards from 2010 spent on November 7, another long string of so-called ‘sleeping bitcoins’ mined a decade ago were transferred on Sunday morning. According to onchain data, the 20 block rewards from 2010 with 1,000 BTC … read more.
JPMorgan’s Analysis Shows Institutional Investors Moving From Gold ETFs to Bitcoin
JPMorgan has highlighted evidence of institutional demand for bitcoin and investors moving from gold exchange-traded funds (ETFs) to the cryptocurrency. The firm points out that bitcoin demand is driven not only by younger retail investors but also by institutional investors, … read more.
Economist Nouriel Roubini, also known as “Dr. Doom,” has admitted that bitcoin may be a store of value. Roubini sees a “big revolution” coming in the next three years due to central banks launching their own digital currencies. Nouriel Roubini … read more.
$100K Bitcoin: S2F Author Confident With His Model, Suggests Six-Figure BTC Price by 2021
Not too long ago, the author of the controversial bitcoin stock-to-flow (S2FX) price model said that the model was “perfectly on track.” On Sunday, November 8, the S2FX creator known as “Plan B” reiterated his belief in the model and … read more.
Former Microsoft Engineer to Serve 9 Years in Prison in a Case That Involves Use of Bitcoin Mixers
A U.S. court in Seattle has sentenced a former Microsoft engineer to 9 years in prison after finding him guilty of 18 federal felonies relating to his elaborate scheme to defraud the tech giant $10 million. In passing the judgment, … read more.
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