Day: December 9, 2020

Ethereum Classic Hard Fork – Thanos – Important for Miners

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Quick overview on the Ethereum Classic Network’s Thanos and MESS updates that effect GPU miners in multiple ways. First and foremost, the network upgrade for MESS has occurred, making it exponentially harder to attack Ethereum Classics network via a 51% double spend attack, like the past 4 times it has occurred in its life. In edition the Thanos upgrade bringing 3GB and 4GB cards back to ETC. For more detail, see links below: If you found this video helpful BBT ETC Donation…

Fidelity unlocks Bitcoin as collateral for borrowing on BlockFi

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Fidelity Digital Assets, the crypto arm of the asset management conglomerate, will allow institutional customers to pledge their Bitcoin (BTC) as collateral for cash loans. As reported Wednesday on Bloomberg, the firm partnered with crypto lender BlockFi to disburse the loans. Institutional clients of Fidelity’s custodial solution will be able to draw cash loans from their stored Bitcoin without having to move it, provided they have an account with BlockFi. The target customers of this feature are primarily hedge funds, miners and over-the-counter trading desks. Overcollateralized lending is generally used…

Why XRP, DeFi tokens crashed the most vs. BTC as Bitcoin price corrects

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The price of several big-name alternative cryptocurrencies fell especially hard following a Bitcoin pullback to $17,650 on Dec. 9. Namely, XRP and top decentralized finance (DeFi) tokens YFI and AAVE dropped by as much as 10% to 20% in the past 18 hours, with Bitcoin (BTC) losing up to 7%. Cryptocurrency market daily losses. Source: Coin360 The two main reasons behind the short-term correction of altcoins are likely the current high level of uncertainty among traders and low overall volume. XRP 1-hour price chart (Coinbase). Source: TradingView.com Bitcoin price at a crossroads: Bad…

Crypto exchange lists Airbnb derivative contract ahead of IPO

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FTX, a crypto derivatives exchange, has added Airbnb to its list of stock offerings on the eve of the online rental marketplace’s highly-anticipated IPO.  As of late Tuesday, cryptocurrency traders can gain exposure to Airbnb through a pre-IPO derivatives contract directly on FTX. As a pre-IPO product, the performance of the contract is linked to the market capitalization of Airbnb at the end of its first trading day. FTX says these derivatives contracts “will automatically roll over to Fractional Stocks contracts” at the end of Airbnb’s first public trading day. The…

Over 13% of Bitcoin Crime Proceeds Laundered Through ‘Privacy Wallets’: Elliptic

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The number of criminals using so-called privacy wallets to facilitate crypto money laundering is on the rise, according to Elliptic, a U.K.-based blockchain analytics company. The firm estimates that over 13% of the proceeds from crime involving bitcoin are now being transferred through such wallets – a 2% increase from 2019, according to a report published Wednesday. Elliptic said privacy wallets, like Wasabi Wallet, have tools that help obfuscate the identity of users. An example is the automatic peer matching and sending of CoinJoin transactions, in which bitcoin is mixed…

CoinZoom’s One-Stop-Crypto Shop Integrates Digital Services Under One Roof

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The next wave of mainstream users is coming, and the simplicity, integration, and convenience of one-stop-crypto-shops like CoinZoom are likely to be the most appealing platforms for new entrants, with everything they need under the same roof. The cryptocurrency exchange marketplace has witnessed tremendous growth in recent years, fueled by speculative interest and increased adoption in the space. With hundreds of platforms, services and tokens on offer, it is understandably complex to navigate this fragmented playing field. New adopters who stay the course want more than an isolated exchange platform.…

AAX Futures Exchange Adds Fiat Onramp for 11 Currencies

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The newly enhanced multi-account wallet AAX has provided its users supports all of the newly added fiat currencies as well as the USDT stablecoin. AAX, the rising crypto futures exchange, has announced support for 11 fiat currencies as it looks to stake its claim as a top-tier platform. The addition of a fiat on- and off-ramp for citizens of 11 new countries will be welcomed by the exchange’s 500,000 users. Popular across the CIS states, Europe, and Singapore, AAX has been on a tear lately, recording record volume as interest…

MUST SEE CRYPTO NEWS, VISA Bitcoin Card Rewards, ETH 2.0 & Coinbase Staking, China Miners, & More!

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io If you enjoyed this please like and subscribe, and if you want to be reminded every day when I upload, hit the bell! Get A Ledger to Safely Store Your Crypto Here – Buy Your Crypto Domain From Unstoppable Domains Here – In this video we go over ripple xrp news, ripple, xrp, stellar lumens, xlm, stellar xlm, xrp profit potential, xlm profit potential, ether, eth, ethereum, ethereum profit potential, ethereum analysis, ETH 2.0, stake ethereum, stake ETH on coinbase, Ethereum 2.0…

Bitcoin’s Rising Popularity With Investors Means Gold Will ‘Suffer’: JPMorgan

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Gold could lose its shine in the long run due to institutional investors’ increased preference for bitcoin, according to the investment banking giant JPMorgan. “The adoption of bitcoin by institutional investors has only begun, while for gold, its adoption by institutional investors is very advanced,” JPMorgan bank’s quantitative strategists and managing director Nikolaos Panigirtzoglou recently noted, according to Bloomberg. The investment bank’s research has found that $7 billion has flowed out of gold’s exchange-traded funds (ETFs) since October, while the Grayscale Bitcoin Trust has seen inflows of $2 billion during…