Day: December 15, 2020

Rich Dad Poor Dad author explains why Bitcoin will see $50,000 next year

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The Bitcoin price (BTC) is heading to $50,000 in 2021, says the best-selling author of “Rich Dad Poor Dad,” Robert Kiyosaki.  Kiyosaki pinpointed the “wall of institutional money” is coming to Bitcoin in 2021, which could push the price up further. Why is Kiyosaki talking about institutional interest in Bitcoin? Kiyosaki, who is also a real estate mogul and an investor in precious metals, has historically liked various stores of value including silver. Based on the institutional inflow into Bitcoin, Kiyosaki noted that BTC below $20,000 is ideal, as $50,000…

Investigation traces scam Bitcoin celeb ads to Moscow

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A major Bitcoin (BTC) ad scam involving unauthorised images of Australian celebrities who seemingly promoted fake investment schemes is allegedly coming from Russia, according to a new report. Fraudulent Bitcoin ads capitalizing on Australian celebrities like Dick Smith and Andrew Forrest are part of an organized global business that uses at least five addresses in Moscow, an investigation by The Guardian asserts. On Dec. 13, The Guardian published a report providing more details about a major Bitcoin ad scam that has run on news websites since at least 2018. As…

DeFi Founder Targeted in $8m Hack Says He Has His Hacker’s IP

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The decentralized finance (DeFi) space was rocked last morning by news that Nexus Mutual founder Hugh Karp was hit with a personal attack. His project, a decentralized mutual product to allow users to hedge against risks in the DeFi space, was not directly affected. But, his personal account, which contained over $8 million worth of the native NXM token, was exploited. According to early reports from the Nexus Mutual team, what had happened was that the leading DeFi extension, MetaMask, was corrupted to broadcast altered transactions. The attacker managed to…

Ethereum Co-Founder Vitalik Buterin Discourages Followers against Getting Loans to Buy Crypto

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Buterin has asked users to maintain caution with the volatile asset class and revealed that he had sold half of his Bitcoin holdings in 2013 to avoid going broke. On Monday, December 14, Ethereum co-founder Vitalik Buterin warned his followers against taking any personal loans to buy ETH or other crypto assets. In his Twitter post, Buterin said one should not get personal loans for buying in the hope that it would appreciate few years down the line. Buterin was responding to a conversation on Twitter. Please don’t do things…

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Number of Ethereum and Bitcoin Non-Zero Addresses Hit New ATH

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Quick take: The number of non-zero addresses on both the Ethereum and Bitcoin network is continually increasing Both have hit an all-time high of 50.651M for ETH and 32.925M for Bitcoin Such activity on both networks is a clear sign of investor interest as well as the adoption of each digital asset Price appreciation is sure to continue for both Ethereum and Bitcoin The number of non-zero addresses on both the Ethereum and Bitcoin networks has each reached a new all-time high. According to on-chain data from the team at…

Italian Banca Generali to debut crypto services next year

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Major Italian private bank, Banca Generali, is planning to introduce cryptocurrency services in 2021. According to a Dec. 15 announcement, Banca Generali has entered a corporate and commercial partnership with Conio — a fintech company providing traditional financial institutions with solutions for managing digital assets including wallets and custody. A spokesperson for Banca Generali told Cointelegraph that the bank does not plan to launch a cryptocurrency exchange in the near future, but rather provide “service with Conio as wallet.” Banca Generali will also acquire a stake in Conio to support the…

Binance Visa cards are now shipping to European customers

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Binance, the world’s largest cryptocurrency exchange, has started shipping its physical Binance Visa cards in the European Economic Area. According to a Dec. 14 announcement, users in the EEA region will soon receive their physical Binance Visa cards. Customers that already ordered the card can now complete the delivery process in their card wallet. In conjunction with debuting its physical cards in the EEA region, Binance also added Ether (ETH) support to its crypto debit card so customers can now pay with the altcoin. “Simply transfer Ethereum to your Card…

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