Day: December 10, 2020

Real-world use cases for Nexo, Elrond and Blockstack lure in investors

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The ideas of privacy and decentralization have always been the heart of the crypto community. Therefore, when Blockstack announced that it would transition from being a security token to a utility token by launching its new Stacks Blockchain 2.0 on Jan. 14, 2021, it was bound to cause a stir. After receiving the green light from its compliance team, OKCoin plans to list Blockstack’s STX token and as the first U.S. exchange to do so,  the exchange will airdrop $1 million worth of STX. Airdrops and exchange listings are known…

Market Wrap: Bitcoin Slides Below $18K as ETH Is More Volatile Than BTC in 2020

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Weak volumes and rotations into other cryptocurrencies are likely impeding bitcoin’s price movement from going higher. Meanwhile, ether has been more volatile than bitcoin in 2020 and could remain that way. Bitcoin (BTC) trading around $18,349 as of 21:00 UTC (4 p.m. ET). Gaining 0.14% over the previous 24 hours. Bitcoin’s 24-hour range: $17,904-$18,652 (CoinDesk 20) BTC slightly above its 10-day and 50-day moving averages, a bullish trending signal for market technicians. Bitcoin trading on Bitstamp since Dec. 7. Source: TradingView The price of bitcoin once again fell below $18,000…

Americans Believe Bitcoin (BTC) Will Outlast the Euro

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A recent Harris Poll conducted on behalf of the Blockchain Capital reveals that more than one in every three Americans is likely to buy Bitcoin in the next five years. They are also confident that it will outlast the Euro. Bitcoin is better than Stocks, Real Estate, Gold, and Government Bonds Out of those surveyed, 55 percent of young adults between 18 and 34 years were willing to buy BTC in the next half a decade. 41 percent of those who participated also believe most people will be using Bitcoin in the…

BITCOIN JUST DID SOMETHING INSAAAANE!!!!!!!!!!!!!! [bull run started]

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io 📺 New Bybit Tutorial: BITCOIN TODAY: In this video, I’ll go through the Bitcoin news today & I’ll make a Bitcoin price analysis. The BTC news & analysis can be inspiration for your own Bitcoin trading or investing, but is NOT financial advice. On this channel, The Moon, I make 1 video every single day about crypto news & Bitcoin. I’ll always include professional Bitcoin technical analysis, to make a Bitcoin price prediction, and I’ll also show you the most relevant news…

Bitcoin Weak on Lower-Time Frames as Analysts Eye Move to $17,000 Region

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Bitcoin has been flashing some signs of intense weakness throughout the past few days and weeks, which has caused the cryptocurrency’s price to decline below $18,000 on a few occasions. So far, the buying pressure here has been significant enough to catalyze multiple rebounds, but its reactions to each dip are getting weaker as time drags on. This seems to be a bear-favoring indication that downside might be imminent in the near-term, as the lack of conviction amongst bulls doesn’t bode well for where Bitcoin might trend in the days…

Why Massive Bitcoin Miner Outflow Has This Top Quant Analyst “Scared”

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Bitcoin price is still hanging onto $18,000 and is only a couple of grand shy of finally taking out $20,000 and beginning the new bull market. But BTC miners that should be holding in advance of mark up, are suddenly moving massive quantities of the cryptocurrency, and it has a top industry quantitative analyst “scared” of the potential implications. Here’s why the outflows could be so frightening in the short-term, but also how they could be bullish in the long-term. Is The Bullish Bitcoin Narrative Of 2020 Beginning To Fade…

DAPP Account abstracts the complexities of blockchain for simple user onboarding using DAPP Network

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Using LiquidAccounts, DAPP Account enables decentralized applications to onboard users with simple sign-up, account recovery, access from any device and it also provides a full suite of smart contract integration. DAPP Account keeps your keys in your device and it also allows you to have multiple devices connected to your on-chain account while each device contains its own keypair. Using 2-factor authentication, DAPP Account allows you to add a device or recover your keys if you lose access to the device. This…

New institutional player — MassMutual purchases $100M Bitcoin

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Massachusetts-based insurance firm MassMutual just announced that it has purchased $100 million in Bitcoin for its general investment account. According to a report from The Wall Street Journal, the company purchased the coins — purportedly 5,470 Bitcoin (BTC) given the current price of $18,279 — through New York-based fund management company NYDIG. MassMutual also reportedly bought a $5 million equity stake in the firm, which holds $2.3 billion in crypto. The report states that the investment is part of a broad MassMutual strategy, with the goal of achieving “measured yet…

SEC Commissioner Hester Peirce on a Bitcoin ETF and More

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The SEC commissioner explains why the SEC’s approach has been “too slow and too ambiguous” and why she’s optimistic for 2021.  Hester Peirce is a commissioner at the Securities Exchange Commission, sworn in for her second term in August.  Sometimes referred to as “Crypto Mom,” Peirce has been a fierce advocate for the industry in a regulatory context that hasn’t always been on her side.  In this conversation, she and NLW discuss: Original

Study: Over 13% of All Proceeds of Crimes in Bitcoin Passed Through Privacy Wallets in 2020

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According to a study published by the blockchain analysis firm Elliptic, over 13% of all proceeds of crime in bitcoin (BTC) were laundered via privacy wallets in 2020, up from 2% from the figures posted in 2019. 13% of All Proceeds of Crimes Leveraging BTC Were Laundered Via Privacy Wallets Dr. Tom Robinson, Elliptic’s co-founder and Chief Scientist, stated in the report called “Financial Crime Typologies in Cryptoassets” that so far in 2020, laundered crypto money through privacy wallets represented over $160 million worth in bitcoin from darknet markets, thefts,…