Day: January 12, 2021

NYDIG Taps Fintech Firm Moven to Bring Bitcoin to Your Bank

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Digital asset manager NYDIG is joining forces with banking technology provider Moven to offer plugins for banks that want to launch bitcoin products.  “Being able to offer it on our platform for U.S. banks, it’s the right time frankly,” said Moven founder Brett King. “If PayPal and Square can do it, then community banks should be able to do it too.” Many of Moven’s clients have around $1 billion in total assets, he said, with some operating with up to $10 billion in total assets.  NYDIG is Moven’s second partnership…

DeFi coverage protocol expands protection against centralized exchange hacks

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DeFi coverage protocol Nexus Mutual expanded the list of centralized exchanges eligible for incident protection. Users trading on Binance, Kraken, Coinbase and Gemini are now able to buy protection in the event of an exchange hack or prolonged withdrawal downtime. The project announced the new integrations on Monday as part of their “custody cover” initiative. Users who buy coverage will be eligible for compensation if the custodian gets hacked and the user loses more than 10% of their funds. Alternatively, the claim can be honored if the custodian suspends withdrawals…

Stacks 2.0 Advances Bitcoin Into the Age of DeFi and Creates a New Way to Earn BTC

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Stacks 2.0 is set to revolutionize the internet itself by empowering a decentralized and user-owned ecosystem built on top of the most secure blockchain in the world. This will be achieved by bringing apps and smart contracts anchored to bitcoin. The innovation will also create a brand new way for users to earn BTC, without the need to buy mining infrastructure or trust buggy DeFi protocols. Smart Contracts, Decentralized Apps and Staking on BTC When the internet was still young, visionaries described how it could bring about a future of…

PDD Shares Take Hit as Pinduoduo Battles Fresh Employee Welfare Criticism

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Despite the reported drop in the shares of Pinduoduo, the company is still seeing potential growth in other key aspects of its metrics. Chinese-based interactive e-commerce company Pinduoduo Inc (NASDAQ: PDD) has been slammed by fresh criticisms over its alleged unfair employees’ welfare. Such a situation had a negative impact on Pinduoduo shares. According to a report by TechCrunch, the new criticisms are were sparked by a video from a former employee named Wang, noting the extreme working hours Pinduoduo staff particularly those in the headquarters are subjected to. The…

Bitcoin is killing it…2021 could be the year of the fireworks: Tom Lee

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Tom Lee, Fundstrat Global Advisors Managing Partner & Head of Research discusses Bitcon’s rally. #Bitcoin #Bitcoinrally #TomLee For 2020 election results please visit: Election results: Subscribe to Yahoo Finance: About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life. About Yahoo Finance Premium: With a subscription to Yahoo Finance Premium, get the tools you need to invest with confidence. Discover new…

UK Treasury Says XRP Is Exchange Token and Not a Security

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The United Kingdom government appears to be cementing its position that XRP is an exchange token and not a security. Her Majesty’s Treasury has published a new document outlining the UK’s regulatory approach to cryptocurrencies and stablecoins. The report classifies XRP, Ethereum and Bitcoin as “tokens that are primarily used as a means of exchange.” So-called “exchange tokens” fall under an “unregulated” category that means they are neither e-money nor security tokens. The HM Treasury report was referencing a framework that the UK Financial Conduct Authority (FCA) laid out in…

Bitcoin Paints Predictive Death Cross as Price Tops Out Near-Term

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There’s an ominous “Death Cross” maturing on the Bitcoin price chart, foretelling a grim outlook for the cryptocurrency soon. The benchmark cryptocurrency has tumbled aggressively after forming a record high near $41,986 (data from Coinbase) on Friday. At its recent low, it was trading at $30,100 but managed to instill hopes of a bullish revival as traders bought the level, pushing prices above $35,000 as of this Tuesday. Nevertheless, the intermingling between Bitcoin’s short- and long-term moving averages on a four-hour chart has raised the alarm about a potential bearish…

Blockchain & AI – Convergence research film by Dinis Guarda

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Blockchain & ABlockchain & AI – Convergence AI & BLOCKCHAIN CONVERGENCE a research film by Dinis Guarda produced by openbusinesscouncil.org/summit and citiesabc.com intelligenthq.com fashionabc.org part of ztudium group – techabc The history of Artificial Intelligence AI began in antiquity, with the power of imagination – myths, stories, rumors making artificial beings endowed with intelligence or consciousness by master craftsmen, magic. The History of Blockchain & Ledgers The first recorded ledgers systems were found in Mesopotamia, today’s Iraq, 7000+ years ago. Clay tablets…

As Bitcoin Regains Lost Ground, Options Traders Bet on $52K Move By Late January

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Despite bitcoin’s 20% crash on Monday, some options traders are betting on a continued price rally in coming weeks. At the press time price of $35,580, bitcoin is up nearly 16% from the low of $30,305 observed on Monday. Even so, the number one cryptocurrency by market value is still well short of the weekend highs above $40,000. Some traders, though, have been buying Jan. 29 expiry call options at the $52,000, $64,000, and $72,000 strike prices on the Deribit exchange. A call option gives the buyer the right but…

Bitcoin ‘real’ daily trading volume tops $22B as BTC price recovers

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Trading activity on Bitcoin (BTC) exchanges spiked massively even as the BTC price was suffering a major correction. According to data from crypto research firm Messari, Bitcoin’s real 24-hour trading volume is about $22.3 billion. To put this figure in context, Cointelegraph previously reported Bitcoin’s real seven-day trading volume setting a new all-time high of $60 billion. In only one day, exchanges have processed over a third of that sum likely pointing to a new all-time high by the end of the week if the current momentum is sustained. Despite…