Day: December 9, 2020

Vitalik Buterin expects lots of ways to exchange CBDCs for crypto

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Central bank digital currencies, or CBDCs, will be fairly easy to convert into cryptocurrencies in the future, Ethereum co-founder Vitalik Buterin believes. Speaking at the Singapore Fintech Festival 2020 on Dec. 9, Buterin said that he expects a lot of ways to exchange CBDCs to cryptos like Bitcoin (BTC) as well as other digital tokens: “There’s a question of how these central bank [digital] currencies are going to interact with both crypto and digital currencies more generally. There’s going to be more digital assets of many different kinds coming over…

Citigroup Downgrades Microstrategy to ‘Sell’ Rating Over ‘Aggressive’ Bitcoin Purchases

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Citigroup has downgraded the Nasdaq-listed, pro-bitcoin Microstrategy to a “sell” rating after the company announced that it would offer $400 million convertible senior notes to buy more bitcoin. Microstrategy currently holds about 40,824 bitcoins. Citi Analyst Uncomfortable With Microstrategy’s ‘Disproportionate Focus on Bitcoin’ While Citigroup has recently been bullish on bitcoin, Citi analyst Tyler Radke is not so convinced by Microstrategy’s announcement on Monday that it intends to offer $400 million of convertible senior notes and use the sale proceeds to purchase more bitcoin. Radke downgraded Microstrategy Inc. (NASDAQ: MSTR)…

Institutions make it easier to invest in Bitcoin

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With the crypto sector currently riding a wave of bullish sentiment, as demonstrated by Bitcoin (BTC) passing its all-time high value of $19,892 at the start of the month, causal as well as institutional investors all over the world are now becoming more interested in the growing sector. For example, on Dec. 3, S&P Dow Jones Indices announced that it’s set to launch several crypto indexes, with a reported 550 coins to appear starting next year. The aforementioned offerings will be facilitated by S&P Global in conjunction with the CME…

THIS IS HUGE FOR BITCOIN!! Could this happen? Crypto BTC TA price prediction, analysis news, trading

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io COULD BITCOIN DO THIS!?!?! Lets take a look, make sure to watch the whole video and give me your opinion! Don’t forget to SUBSCRIBE, LIKE, SHARE, and COMMENT for daily updates! 👉 My Wife’s CRYPTO MERCH page: 👈 👇AFFILIATE LINKS👇 🔥 PRIME XBT exchange 🔥 (Recieve a 50% bonus added to your deposit by using promo code Savy50 and use promo Savy25 for 25% off of trading fees for 1 month! ) Trade BTC, Forex, Gold, Silver, Oil, dow, S and P,…

OKEx Bitcoin Mining Pool Shows Signs of Life After Precipitous Hashrate Drop

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Cryptocurrency exchange OKEx is seeing slight signs of activity from its mining pool after losing 99.5% of its hashrate this autumn after the exchange suspended withdrawals from trading accounts. OKEx bitcoin pool miners seemed to jump ship through late October and into November as the pool’s hashrate dropped from over 5,000 petahashes per second (PH/s) to below 20 PH/s only two weeks after the exchange suspended withdrawals.  Now the pool is starting to show signs of life. Although still significantly below its previous hashrate levels, OKEx Pool’s hashrate has rebounded…

Today’s clients demand that banks show cybersecurity chops, says JPMorgan leader

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As internet banking comes of age, so too do new ways of stealing funds. That makes cybersecurity central to modern banking, according to David Leach, JPMorgan Chase’s Asia-Pacific head of cybersecurity and technology controls. “It’s a competitive disadvantage not to have a robust cybersecurity capability that you can demonstrate,” Leach said during a BlockShow conference panel on Tuesday. Before the internet took over, customers mainly asked about banking and financial entities’ services, not about their security, according to panel moderator, Nasir Zubairi, CEO of the Luxembourg House of Financial Technology.…

Oasis will collaborate with BMW Group to build ‘differential privacy’

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Oasis Labs, the commercial venture closely related to the Oasis Protocol blockchain, announced a new data privacy project built in collaboration with BMW Group. Announced on Wednesday, the collaboration between the two companies aims to build a new method of accessing personal data that would place clear restrictions on what information can be obtained and how. Oasis refers to this constrained approach as “differential privacy.” It’s an attempt to provide guarantees that aggregated data cannot be manipulated to obtain information on a specific individual. For example, when a dataset includes…

10 Predictions for 2021: China, Bitcoin, Taxes, Stablecoins and More

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Whilst 2020 has been a very difficult year, it has ironically been a catalyst year for fintech and crypto. And there are no signs of the momentum slowing down in 2021! Henri Arslanian is Global Crypto Leader, PwC and an Adjunct Professor, University of Hong Kong. Here are my 10 crypto predictions for the coming year: China Leading the CBDC and Future of Money Race As we predicted last year, 2020 was a banner year for central bank digital currencies (CBDCs). With 80% of central banks active on CBDCs and…

Illegal Bitcoin use is down, but privacy wallet laundering is up, says analytics firm

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Elliptic, a leading firm in blockchain analytics, has found major shifts in recent trends in illicit crypto use. Per the firm’s study released Wednesday, the proportion of Bitcoin (BTC) transactions that the firm has linked to criminal activity is way down, certainly relative to its 2012 peak: Tom Robinson, Elliptic’s chief scientist, explained to Cointelegraph that this is the result of many trends in crypto. These included heightened exchange compliance and law enforcement activity, as well as the growing force of analytics firms like Elliptic itself. Interestingly, Robinson also said…

Blockchain Bites: Bitcoin Shorts In, MicroStrategy Stock Downgraded, Bitwise Index Trades

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Bitso raised $62 million to expand its Latin American footprint. One of the world’s oldest banks will issue a euro stablecoin on the Stellar blockchain. Elliptic, a blockchain analytics firm, found 13% of the proceeds from crime involving bitcoin travel through “privacy wallets.” Top shelf Cornered market?Latin American crypto exchange Bitso has raised a whopping $62 million funding round, the largest in the region for a digital asset firm. Announced Wednesday, Mexico City-based Bitso’s Series B also heralded the first investment in crypto by renowned fintech VC firms QED Investors…