Day: December 16, 2020

Binance and Coinbase suffer outages as Bitcoin’s price soars

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Both Binance and Coinbase suffered technological issues on Wednesday — the same day Bitcoin (BTC) crossed the $20,000 price threshold for the first time. Binance related its issues to the number of people surfing the exchange.  Changpeng Zhao, or CZ, Binance’s CEO, tweeted on Wednesday at 2:13 pm UTC: “#Bitcoin just popped. Experienced some scaling issues. Should be fixed for now. Underestimated demand. Adding A LOT more ‘servers’ still.” An update from CZ came about half an hour later, revealing improvements, as well as a dramatic surge in users on…

Ethereum Trails BTC, But Fundamental Strength Likely to Drive It Higher

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Ethereum is showing some immense signs of strength today as the entire crypto market plows higher, with Bitcoin leading the way BTC was able to set fresh all-time highs today when its price rocketed to $20,800. Although it found some selling pressure here, it has not posted any harsh rejection Where the entire market trends in the mid-term should depend largely on BTC, as it has been guiding the price action seen by ETH and other altcoins One prominent Ethereum advocate is now noting that while the cryptocurrency is still…

Bitcoin is a ‘convex bet’ says CEO of institution with $600M BTC exposure

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2020 has been a big year for mainstream Bitcoin (BTC) adoption. One of the most recent entrants to the space is One River Digital Asset Management, a hedge fund headed up by CEO Eric Peters.  The firm expects to own approximately $1 billion in Ethereum (ETH) and BTC by the first half of next year, and has already accumulated roughly $600 million worth of the asset, said a Bloomberg report on Wednesday. Alan Howard, Brevan Howard Asset Management’s co-founder and a known billionaire, is also involved in the endeavor. Peters’ position…

Asset Manager Ruffer Confirms $750 Million Bitcoin Investment as Hedge Against Fiat Currency Devaluation

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Investment management firm Ruffer, with over $27 billion under management, has confirmed that its bitcoin investment now totals $750 million. A Ruffer spokesperson told news.Bitcoin.com that this was “primarily a protective” move for the firm’s portfolios, as the firm reduced its gold investment. Ruffer says that its bitcoin investment is an “insurance policy against the continuing devaluation of the world’s major currencies.” Bitcoin Now 2.7% of Ruffer’s Total Portfolio Asset management firm Ruffer Group started investing in bitcoin in November and the company’s bitcoin holdings are now worth about $750…

Germany legalizes digitized securities

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The German word for securities is wertpapieren, or “papers of worth,” which may soon be as outdated as nocturnal traders saying they’re burning the midnight oil. Per a Reuters report from Wednesday, Merkel’s cabinet had passed a new law that will end the requirement to have a paper certificate for sale of a security, overtly looking to advance blockchain trading within the country. German Finance Minister Olaf Scholtz reportedly said, “The paper certificate may be dear to some for nostalgic reasons, but the future belongs to its electronic version.” The…

Former Cisco CFO joins Coinbase board as mainstream recognition grows

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Digital currency exchange Coinbase welcomed a new member to its Board of Directors on Wednesday, as it continues to draw on expertise from outside the cryptocurrency sector.  Kelly Kramer, former CFO at Cisco, will serve as Chair of Coinbase’s Audit and Compliance Committee, CEO Brian Armstrong revealed Wednesday. She replaces former Charles Schwab board member Chris Dodds, who served on Coinbase’s board for over two years. Kramer joins Coinbase following a nine-year stint at Cisco, one of the world’s largest IT conglomerates, where she held various senior roles, including executive…

Should You Stake Ethereum? 4 Things You MUST Know!

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Time Stamps: 1. 32 ETH minimum – 0:32 2. Beacon Chain Launch Date – 1:03 3. Requirements – 1:45 4. Risks – 4:00 5. Projected APR – 5:00 6. Joining A Staking Pool – 7:13 —————————————————————— Tezos Staking Mistakes: How To Find Best Tezos Staking Rewards: ConsenSys Article: ETH 2.0 Launchpad: —————————————————————— Support Me On Patreon Here 👉 —————————————————————— In this video I will explain the requirements and risks of staking on Ethereum 2.0 and hopefully you’ll be able to decide for…

Price analysis 12/16: BTC, ETH, XRP, LTC, BCH, LINK, ADA, DOT, BNB, XLM

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Bitcoin’s break above $20,000 boosted investor sentiment and triggered strong rallies from several altcoins. Crypto traders and investors received an early Christmas gift today as Bitcoin (BTC) price cleared the $20,000 psychological milestone for the first time in history. Today’s breakout is equally significant as it serves to heal the scars of the traders who may have bought right at the top in 2017 and held their positions until now. The current uptrend in Bitcoin has been all about institutional adoption. The latest institutional investor to have announced a position…

Crypto Businesses in UK Facing ‘Temporary Registration Regime’

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Cryptocurrency companies in the United Kingdom could face temporary registration limits to continue their services. According to the statement, this regulation applies to crypto businesses in the UK that applied for the registration before December 16 this year, and are still pending. “This is to enable those existing businesses to continue to trade after 9 January 2021 until 9 July 2021, pending the FCA’s determination of their application”, said the FCA in their report. New companies that want to work with crypto-related products – before January 10 – are obligated…