Day: September 3, 2020

Blockchain Bites: Bitcoin’s Steep Sell-Off, Pornhub’s Crypto Payments, Twitter’s Latest Hack

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Pornhub will accept BTC and LTC payments, a nonprofit is calling upon Coinbase to be more transparent and credit default swaps are coming to the Ethereum blockchain.  You’re reading Blockchain Bites, the daily roundup of the most pivotal stories in blockchain and crypto news, and why they’re significant. You can subscribe to this and all of CoinDesk’s newsletters here.  Top shelf Porn paymentsPornhub, the popular adult entertainment site, has added bitcoin (BTC) and litecoin (LTC) payment options for its Pornhub Premium product. The company is an example of legal, though untraditional, online businesses struggling with centralized payment processors:…

Bitcoin News Roundup for Sept. 3, 2020

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With the price of bitcoin pulling back sharply and U.S. legislators again advocating for blockchain, CoinDesk’s Markets Daily is back for your latest crypto news roundup! Wednesday saw a flurry of deposits onto exchanges, indicating some investors are trying to offload their bitcoin. That could further propel prices downwards. Robinhood is reportedly under investigation by the Securities and Exchange Commission for not fully disclosing it was passing customer orders on to market makers.  Lawmakers are urging President Trump to consider blockchain solutions in the fight against COVID-19.  Citizens and companies in…

‘Limited’ Super Mario 3D All-Stars is a Disgusting Nintendo Cash-Grab

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Nintendo recently revealed the release of Super Mario 3D All-Stars. The game will only be available between September 2020 and March 2021. This move is another sign from the company that they’re embracing a model that encourages FOMO. I don’t understand how anyone can be a Nintendo fan and not feel manipulated. During Mario’s 35th Anniversary Direct, the big N finally announced a long-awaited title. Super Mario 3D All-Stars is a collection of several insanely popular 3D Mario games. In what is an inexplicable reason for gamers everywhere, the collection…

Speculative Option Activity Is a Warning Sign for the Stock Market

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Speculative options bets on tech stocks have increased since the March bottom. The VIX remains elevated, suggesting higher volatility in the stock market. The tech bubble looks like it is about to pop. Since the March bottom, options activity on Big Tech stocks and other names like Walmart has increased. The heavy options activity comes from individual investors and professionals. Speculative options bets could be a contrarian warning for the stock market. Speculative Frenzy In Options Market Is Fueling a Bubble In Stocks Analysts are watching above-normal activity, especially in…

Bitcoin (BTC) Could Be on a Path to Fill a CME Gap at $9,700

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Quick take: Bitcoin took a nosedive from $11,600 to $10,600 levels in 6 hours BTC has lost several support zones on its way down Over $348 Million in Bitcoin contracts has been liquidated in the last 4 hours Bitcoin could well be on a path to fill a CME Gap at $9,700 set in July The month of September has continued to bombard the price of Bitcoin (BTC). Earlier today, the King of Crypto fell hard from $11,600 levels to retest $10,650. This was a quick drop of approximately 8.6%.…

Bank of England governor dismissed Bitcoin as a means of payment

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During a virtual conference hosted by the Brookings Institute, Andrew Bailey, Bank of England’s (BoE) governor, stressed that crypto assets are just “unsuited to the world of payments.”  In prepared remarks on the future of cryptocurrencies and stablecoins, Bailey qualified Bitcoin (BTC) as an asset that has “no connection at all to money.”  Also, he showed reluctant himself to believe crypto assets are a proper investment opportunity, because “their value can fluctuate quite, widely, unsurprisingly.” Bailey provided such comments while talking about the picking up in the pace of innovation…

Blockchain regulation: Speedbumps, roadblocks and superhighways

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The current state of blockchain innovation in the United States is a tale of two asset classes. On one hand, the Securities and Exchange Commission’s reluctance to embrace or endorse blockchain-based securities has ground the innovation in that sector to a crawl. On the other hand, regulators in the banking, money transmission and commodities spaces have demonstrated a willingness to work with blockchain companies to permit the offering of assets and asset classes in those spaces. As a result, non-securities blockchain-based assets and businesses have proliferated in recent years. Years…

The Final Piece for Tom Brady’s Next Super Bowl Run

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Leonard Fournette is the final piece of the puzzle for a Super Bowl-ready Tampa Bay Buccaneers offense. Tom Brady now has more weapons than the last time he lifted the Lombardi Trophy. The Bucs are primed for Brady’s next Super Bowl run in 2020. If Tom Brady doesn’t win a seventh Super Bowl this season, he won’t be able to say it was because the Tampa Bay Buccaneers didn’t give him everything he needed. Brady is out to prove he can win the big one without Bill Belichick looking over…

Singapore Exchange to Bring Regulated Bitcoin and Ethereum Cryptocurrency Indices to Asia

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Singapore Exchange Ltd (SGX) has announced plans to launch two new cryptocurrency indices. The iEdge Bitcoin Index, and the iEdge Ethereum Index, will bring certified price referencing to the Asia region. Head of Index Services at SGX, Simon Karaban said the lack of transparency in the cryptocurrency space has left a huge gap in the marketplace. He believes the Bitcoin and Ethereum indices will go some way towards plugging that gap. What’s more, Karaban emphasized the positive effect this will have on the industry as a whole. After all, regulators…

U.S. Stock Market Bubble Won’t Pop Because China Can’t Risk Decoupling

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Bloomberg data show China’s economic growth could drop to 3.5% when it decouples from the U.S. President Trump has refrained from mentioning the trade deal with China in recent months. With a trade-deal fallout unlikely, the U.S. stock market may have further room to run in 2020. According to Bloomberg Economics, China’s economic growth would drop to 3.5% if it decouples from the U.S. That reduces the likelihood of a trade deal fallout, which would buoy the stock market until the year’s end. If China drifts away from the U.S.,…