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Day: December 9, 2020
Crypto funds see near-record inflows as capital floods out of gold
A new report from market data aggregator CoinShares has revealed recent surging crypto inflows amid record gold outflows. The report, published Dec. 7, notes that gold investment products have seen record outflows of $9.2 billion over the past four weeks, as BTC products saw inflows of $1.4 billion. The combined crypto fund sector saw record inflows of $429 million over the past two weeks, with Ethereum funds attracting significant investment following the completion of Eth2’s Phase 0 with the launch of the Beacon Chain on Dec. 1. Despite representing 14%…
Balaji Srinivasan: The Man Who Called COVID
At first, Balaji Srinivasan held his tongue about the coronavirus. Years before he became an angel investor and intellectual firebrand of the cryptocurrency community, Srinivasan had co-founded a genetic testing company that was eventually sold for $375 million. He had also written papers on microbial and clinical genomics and taught bioinformatics at Stanford. So even though his degrees were in electrical and chemical engineering, he knew a thing or two about biology. This article is part of CryptoX’s Most Influential 2020 – a list of impactful people in crypto chosen…
Ethereum 2.0 And The Future Of GPU Mining
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Ethereum 2.0 And The Future Of GPU Mining In this video I look to the future and what could happen at Ethereum 2.0 offical release in 2 or 3 years time and how gpu mining profits may look. Rabid Mining Merch: ————————————————————————————————————————————————————— If looking to send products for reviews and builds Rabid Mining P.O. Box 165 Mirror, Alberta T0B 3C0 Buisness Email: RabidMining@hotmail.com —————————————————————————————————————————————————————- Referrals: Hiveos: Coinbase: Join Coinbase get 10 bucks BTC: Then use these links to get Get 10 bucks…
Ethereum Dives To $550, Why More Downsides Seem Likely
Ethereum started a strong decline after it failed to surpass $600 against the US Dollar. ETH price declined over 6% and it is now trading near the $550 level. Ethereum started a strong decline after it failed to clear the $600 and $602 resistance levels. The price broke the key $585 support and settled below the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $590 on the hourly chart of ETH/USD (data feed via Kraken). The pair could correct higher, but it…
Mexican authorities struggle to keep up as cartels embrace crypto
Mexican authorities report an increase in the use of crypto assets to launder funds by criminal syndicates in Latin America. In a Dec. 8 report from Reuters, the head of Mexico’s finance ministry’s financial intelligence unit, Santiago Nieto, described how cartels use crypto to launder money obtained in illicit activities. Neito asserts Latin cartels will typically deposit their ill-gotten gains into various bank accounts as sums of less than $7,500 — the threshold that would prompt banks to flag a transaction. The funds are then used to make a myriad…
ALERT!!🚨BITCOIN BREAKOUT IMMINENT! STOCK MARKET LISTING XRP, ETHEREUM & BITCOIN!! My Altcoin Bags 💰
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io 🚨 BITCOIN ALERT 🚨 BITCOIN COULD BREAK $20,000 WITHIN 24 HOURS!! THIS MAY VERY WELL BE THE LAST CHANCE TO BUY BITCOIN UNDER $20,000!! BITCOIN ETHEREUM AND OVER 500 ALTCOINS ARE GETTING LISTED WITHIN THEIR OWN STOCK INDICES ON NYSE!!! THE XRP, ETHEREUM AND ALTCOIN BULLRUN IS ABOUT TO BEGIN!!! Worsening US Dollar, Inflation Metrics Bode Well for Bitcoin’s Continued Rally!! TODAY WE LOOK AT XRP RIPPLE NEWS!! IS IT TIME TO BUY ALTCOINS? We also look at the crypto news, bitcoin…
Hundreds of millions of consumers will use digital currencies soon: Circle CEO
Speaking at Singapore Fintech Festival, Circle CEO Jeremy Allaire said that “third-generation blockchain technology” would see digital currency “in the hands of hundreds of millions, if not billions of users.” Allaire featured on a panel alongside the CEO of Facebook’s ‘Diem’ Association (formerly Libra Association) Stuart Levey, Coinbase CPO Surojit Chatterjee, and Soramitsu CEO Makoto Takemiya, to discuss the question: Can Digital Currencies Birth the Next Generation of World-Class Payment Systems?. Allaire argued that digital currencies are still very early in their development but are about to take a leap…
Steve Wozniak-backed token WOZX skyrockets ahead of second listing
Apple co-founder Steve Wozniak’s new token, Efforce (WOZX), almost doubled in price today after an astonishing run that saw the price increase around 26X in the past week. WOZX will open for trading on Korea-based exchange Bithumb on Dec. 9, and is already up 2,490% since first being listed on the HBTC exchange on Dec. 3. It opened at 10 cents per token and currently trades at $2.59. Ethereum blockchain token WOZX is a way to securitize energy savings. The token has a total supply of one billion and was sold…
Wells Fargo Investment Institute Report Compares Bitcoin to the 1850’s Gold Rush
On Monday, the U.S. bank Wells Fargo’s wholly-owned subsidiary and registered investment adviser the Wells Fargo Investment Institute published an investment strategy with a page dedicated to the crypto asset bitcoin. The institute’s contributing author and Head of Global Asset Allocation Strategy, Tracie McMillion, compared crypto investing to the “early days of the 1850’s gold rush.” This week Tracie McMillion from the American multinational financial services company Wells Fargo published an investment strategy editorial for the bank’s subsidiary the Wells Fargo Investment Institute. The guide discusses a number of traditional…