Day: December 10, 2020

“Every downturn in history has ended in an upturn,” says Acorns CEO

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Investing app Acorns aims to help people grow their savings and wealth, but how does inherent market risk factor into the equation? CEO Noah Kerner gave his thoughts on that question at a recent BlockShow panel. “We send this message to our customers: That every downturn in history has ended in an upturn,” Kerner said on Wednesday. Following a particularly difficult period in the markets roughly two years ago, Acorn sent out the same sentiment. Acorns does not offer crypto trading, but Kerner’s comments should be of interest to the industry. …

Bitcoin Chart Views Soared Along With Price in November, TradingView Says

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Bitcoin traders stared at price charts over 3.4 million times in November watching the leading cryptocurrency pass its record-high price from 2017 late in the month, according to leading charting service TradingView. In November, bitcoin chart views on TradingView soared 82% from the previous month with similar growth seen in charting of other cryptocurrencies, per user data shared exclusively with CoinDesk.  Bitcoin’s price rallied 42% over the same period. “BTCUSD has consistently been the most popularly viewed symbol this year,” said David Belle, the company’s U.K. growth director, in an…

Who Really Bought First Bitcoin Lamborghini

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Perhaps Khaled’s “Bitcoin Lamborghini” title may not be his last as he may trend a new term if he buys another supercar amidst BTC recent surge. Lamborghini, a performance sports car, is a ‘holy grail’ for some cryptocurrency enthusiasts. Bitcoin‘s 2017 meteoric rise made early adopters a fortune, with some taking their profits-and celebrating- to buy ultra-expensive supercars, specifically Lamborghinis. Their $200k+ purchases cemented their status as “bitcoin legends” and set in motion a new breed of Lamborghini owners that purchased their supercars with cryptocurrency. But who really bought the…

SpaceSwap Shadow Staking Is Here to Change the Game

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Right now, the whole community is waiting for a DeFi remedy to be created and Shadow Staking could possibly become the DeFi safety standard in this sphere. Recently, the DeFi protocol Pickle Finance has been hacked for almost half of its value, losing $20m dollars in $DAI. Though the crypto experts state that the hack method is still unknown, many professionals assume that the classic flash loan attack is behind the hack. However, some Twitter users have already made a profound analysis, highlighting that the hack was quite complex. This…

Ethereum Outpaces Bitcoin in Developer Activity: Report

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The number of developers in crypto is ticking up again, according to the annual developer report from venture firm Electric Capital. And one network remains a clear winner in terms of attractiveness to coders. “More than 300 new developers per month are joining Ethereum,” Maria Shen, a partner at Electric and the report’s author, told CoinDesk. “Ethereum has continuously grown through Crypto Winter.” The report tracks ecosystems by blockchain. In other words, a Bitcoin developer is counted toward Bitcoin even if they are working on its Lightning Network or any…

Southeast Asia’s Largest Bank DBS Launches Full-Service Bitcoin Exchange

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DBS, the largest bank in Southeast Asia, has officially announced the launch of several crypto services, including a crypto exchange. DBS’ crypto trading platform supports four fiat currencies and four cryptocurrencies, including bitcoin. DBS Launches Bitcoin Services DBS officially announced Thursday that it is launching a “full-service digital exchange” to provide “tokenisation, trading and custody ecosystem for digital assets.” The bank’s new service aims at institutional and accredited investors. “With the DBS Digital Exchange, DBS will leverage blockchain technology to provide an ecosystem for fund raising through asset tokenisation and…

Bitcoin book breaks into the top 3 on Amazon’s macroeconomics

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A new book on Bitcoin (BTC) has catapulted into the top-3 on Amazon’s macroeconomics bestseller list, offering more evidence that digital assets are piquing peoples’ interest. Released on Dec. 2, 2020, “Bitcoin: Hard Money You Can’t F*ck With: Why bitcoin will be the next global reserve currency,” is currently the third most-bought title in the Kindle macroeconomics category. Amazon’s Best Sellers in Macroeconomics In terms of new releases in the category, the book takes the top spot: Top New Releases in Macroeconomics category The book is authored by Bitcoin evangelist…

XRP price action imminent? A closer look at the market’s #3 crypto

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As the second-largest altcoin by market capitalization, XRP is hardly far from consideration during periods of significant bullish enthusiasm in the cryptocurrency market. Despite being 85% down from its January 2018 high, recent price spikes have sparked noticeable interest in XRP as investors consider viable diversification candidates for their crypto portfolios. Any discussion about XRP often includes criticisms of Ripple, a blockchain payments firm that originally created the XRP token. Furthermore, XRP critics argue that Ripple’s ownership of the majority of the token supply, as well as its penchant for…

CFTC Chairman Tarbert announces resignation, confirms that Ether is a commodity

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In a Dec. 10 public statement, Chairman Heath Tarbert announced that he will be leaving the Commodity Futures Trading Commission early next year.  In listing accomplishments over the course of his term, Tarbert included that: “we have promoted responsible fintech innovation and declared Ether a commodity.” This tracks with Tarbert’s broader interest in the crypto markets and earlier statements affirming that Bitcoin and Ether should not face regulation as securities. Tarbert, who joined the CFTC in 2019, has been a noted voice for sound crypto regulation at the federal level.…