Day: December 31, 2020

Tether (USDT) To Face Do or Die Situation in 2021: Messari Report

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Tether is the cryptocurrency industry’s biggest threat in 2021, says a report penned by Messari’s Founder Ryan Selkins. The 134-page thesis ventured into the stablecoin’s emergence as a proxy for the US dollar that helps crypto traders getting in and out of their positions quickly on exchanges. It also focused on the controversy that tails Tether following the New York State Attorney’s class-action lawsuit against its founders and a sister cryptocurrency exchange BitFinex. Boom Against Gloom Lawyers Vel Freedman and Kyle Roche alleged in their October 2019 filing that Tether…

Why This VC Expects Altcoins to Boom as Bitcoin Rally Enters an “Extreme”

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It’s no secret that Bitcoin’s recent parabolic rally has done little in the way of providing tailwinds for altcoins, with many seeing devastating losses against BTC as their growth stagnates. This isn’t unprecedented, as past bull runs have followed a similar path, with BTC leading the way and rallying independent of the rest of the market, followed by a capital rotation event that sends altcoins flying as BTC drifts lower or consolidates. There’s a strong possibility that this will happen again in the future, but it only remains a question…

A crypto New Year’s resolution: Modernize security infrastructure

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It’s safe to say that 2020 has been a banner year for the digital-asset space. Bitcoin (BTC) soared past its previous high, and many other prominent cryptocurrencies reached their highest levels since the heyday of 2017 and early 2018. Across the financial services industry, institutional voices are expressing reinvigorated interest in digital assets. The growth and maturation of this space has been impossible to ignore, engendering plenty of optimism among those who build the platforms and systems on which it runs. Unfortunately, not all the headlines from the past year…

🔵 📈 CRECE el INTERÉS en BITCOIN – Bit2Me Crypto News

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io 📈 Creciente interés por Bitcoin en el mundo – Google Trends, la herramienta de Google para medir las búsquedas en Internet, muestra un crecimiento de 32 puntos en el interés mundial sobre Bitcoin – El interés por Bitcoin se está acercando a su su máximo histórico en 2017. – El interés por Precio de Bitcoin y Comprar Bitcoin también está en aumento 🆕 Nace una fuente de financiamiento para desarrolladores de Bitcoin – La nueva entidad se llama Brink y busca convertirse…

New name, old problems? Libra’s rebrand to Diem still faces challenges

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Facebook-backed Libra Association’s rebrand to Diem looked to quash negative perceptions of the project, but its new name has not changed the regulatory pressures the project still faces. It has been 18 months since Facebook announced that it was looking to launch its very own payments system project that would plug into its social media platforms. Interest in the Libra project quickly turned to scrutiny, especially from regulators, financial institutions, central banks and major governments. Facebook faced intense pressure from the United States Senate and even more from the House…

The Legacy System Vs. The NFT Metaverse

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This is an intermediate to an expert level article on NFTs. If you only want to understand the first things about it, scroll to the end, or alternatively find a beginner level feature. Everybody wants big-league gains but ain’t willing to do what it takes to deserve it. We have a pandemic level cultural illiteracy and incentive model problem, threatening the promising start of the crypto and NFT art movements. The, mostly unconscious, skewed foundational motivation bends will soon bite it in the butt, but some of us can pre-warn…

US exchanges are suspending or delisting XRP left and right

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Binance.US, the American branch of the global crypto exchange, and crypto-friendly asset trading service eToro are the latest platforms to suspend XRP trading in the U.S. Announcing the news on Thursday, eToro revealed that U.S. customers will not be able to trade XRP on Jan. 3, 2021. Customers with existing trades at the time will have three weeks from that date to close all open positions, the platform added in its statement. For Binance.US, the effective date of its XRP delisting is Jan. 13, 2021. However, the delisting will not…

Garrick Hileman: Governments Will Start to Hodl Bitcoin Soon

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Reflecting on 2020, I struggle to think of another year in recent decades with both so many all-time highs and all-time lows. From the COVID-19 pandemic raging across the global population to record-setting wildfires in the western United States to numerous other calamities, the world this year has often appeared figuratively and literally in flames. This post is part of CoinDesk’s 2020 Year in Review – a collection of op-eds, essays and interviews about the year in crypto and beyond. Garrick Hileman is head of research at Blockchain.com and a visiting fellow…

Bitcoin’s Monthly Tweet Volume at its Highest Since March 2018

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In brief: Bitcoin’s monthly tweet volume has spiked to levels last seen in March 2018 December has seen roughly 1.3 million Bitcoin tweets Bitcoin tweets are surging and increasingly coming from unique users Bitcoin posted another all-time high of $29,300 with $30k within sights Bitcoin’s fear and greed index continues to plateau above 90 with current levels at 95 Discussions surrounding Bitcoin on the social media platform of Twitter have reached levels last seen in March 2018. This is according to data shared by the team at eToro US who…