Day: January 26, 2021

With Yellen confirmed, Treasury moves forward with stalled crypto monitoring rule

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The United States Treasury Department’s now-infamous proposal to require information on crypto transfers from exchanges to self-hosted wallets is back in motion. Per a Tuesday announcement from the Financial Crimes Enforcement Network, or FinCEN, stakeholders will have another 60 days to respond to the proposal. While a marked improvement from the 15-day comment period of the original proposal, unfortunately for the crypto industry, it doesn’t look like the actual terms of the proposal have changed along with the administration. The news follows Janet Yellen’s confirmation as secretary of the Treasury last…

Bored with Bitcoin? The BTC bull run is about to return, this indicator says

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Bitcoin (BTC) hodlers hoping for a return to the bull run may not have long to wait, as a popular indicator gives cause for optimism. As compiled by on-chain monitoring resource Glassnode, data from the Bitcoin spent output profit ratio (SOPR) suggests that the current BTC price correction is almost complete. BTC price correction should end “soon” The SOPR tracks the percentage of coins being moved that are in profit — in other words, whether hodlers are selling at a profit or loss. When the indicator is above 1 and…

Report Claims Harvard, Yale, and Brown University Endowments Have Been Discreetly Buying Bitcoin – Bitcoin News

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According to sources familiar with the matter, a number of Ivy League universities including the University of Michigan, Brown, Yale, and Harvard endowments have been discreetly purchasing cryptocurrencies. The prominent schools have been reportedly leveraging exchanges like Coinbase and other trading platforms. Prominent university endowments have been quietly purchasing digital currencies according to a report written by the financial columnist Ian Allison. The reporters detailed that “two sources” have explained that a number of well known colleges have been purchasing digital currencies from specific exchanges like Coinbase. The report notes…

Despite Growth on Other Blockchains, DeFi Is Still Ethereum’s Forte

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Ethereum has a major DeFi lead in several key metrics, including the overall number of DeFi apps, number of DeFi users, number of DeFi developers, and total value transacted through DeFi apps. As the race for decentralized finance (DeFi) supremacy heats up, Ethereum is still leaps and bounds ahead of the pack, and it doesn’t look like that’s about to change any time soon. In the last few months, a wide variety of other blockchains have seen DeFi development activity skyrocket, with platforms like TRON, Cardano, EOS, Algorand, KAVA, and…

cryptocurrency exchange platform analysis | largest crypto exchanges 2020 |

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io cryptocurrency exchange platform analysis | largest crypto exchanges 2020 | Purpose Of this channel (Purana Hakim Tips ) is to interact with people to help them out and to make them aware by providing them Health & Beauty tips based on searches and experience and Quranic wazifa to get rid of their problems. It is not intended to be a substitute for professional medical advice. Consult your health provider in case of suffering health complication. I will block you or report you…

Ethereum as well as Bitcoin Witnessing Rise in Institutional Investors

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Institutional investors are beginning to take more interest in Ethereum. This is very similar to the way they adopted Bitcoin enmasse in 2020. Bitcoin is not the only crypto asset that has seen an increase in the numbers of its institutional investors. According to a recent report from Coinbase, Ethereum, the second-largest crypto asset, has also seen a rise in the numbers of its institutional investors. The Coinbase report made it known that the entrance of these major investors into the ETH field played a role in driving the price…

American Cancer Society launches first-ever Crypto Cancer Fund

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In collaboration with crypto donations company The Giving Block, the American Cancer Society has set up the Cancer Crypto Fund, which seeks to raise at least $1 million by early 2021 to fund ongoing research initiatives. Donations to fund cancer research plunged 50% in 2020, reaching the lowest this century, according to the American Cancer Society. The sharp drop-off was attributed to the economic impact of COVID-19.  According to the American Cancer Society: “The crypto community’s contributions will help re-establish crucial research funding for new discoveries and better treatments to…

Digital Currency Group’s crypto mining arm enters top 10 global mining pools

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Foundry, a wholly owned cryptocurrency mining subsidiary of Digital Currency Group, or DCG, has entered the top 10 largest Bitcoin (BTC) mining pools in the world. The firm’s CEO, Barry Silbert, announced the news on Tuesday, predicting that Foundry will soon break into the top five mining pools list. At publishing time, Foundry has a total hash rate of 2.74 exahashes per second, according to data from block explorer BTC.com. The mining pool is responsible for 1.85% of the total global hash rate. Source: Btc.com The news comes shortly after Silbert…

MRNA Stock Shoots 12% on Monday as Moderna Says Its Vaccine Will Work on New COVID Strains

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Moderna’s top-executives have assured that the vaccine would be effective to a certain degree on the new mutations. However, they are willing to see more results under different conditions. Moderna has received a positive review from field experts as well! On Monday, January 25, pharmaceutical giant Moderna Inc (NASDAQ: MRNA) said that its existing COVID-19 vaccine is effective against new strains and variants found in Britain and South Africa which has boosted its stock. However, it added that it will test new booster shots aimed at the South African variant.…