Month: January 2021

UniSwap’s Native UNI Token Jumps 90% in a Week to New ATH at $15

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UniSwap’s UNI DeFi token has shot to fame with a massive rally this year. The latest price jump comes on the backdrop of improving fundamentals of the UniSwap network. While the broader cryptocurrency market remains under pressure, the decentralized finance (DeFi) crypto space draws investors’ attention. Over the last week, the overall DeFi market is up 50% with UniSwap’s UNI DeFi token leading the show. The decentralized exchange (DEX) UniSwap’s native UNI token surged all the way to its new all-time high above $15 on Wednesday, January 27. As per…

What can you do about those gas fees? Jan. 20–27

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This is a repost of Finance Redefined’s latest installment, where Cointelegraph unpacks the latest developments in DeFi. The newsletter is delivered to subscribers every Wednesday. DeFi was reasonably quiet in terms of major fundamental developments, instead letting prices do the talking. Many tokens rallied, both the popular and the almost forgotten. Save for a few hiccups due to Bitcoin’s shaky price action, we are still well into DeFi season. This price action, unfortunately, means that using DeFi is pretty much impossible. Ethereum gas fees steadily hovered above 100 Gwei, which…

NOK Stock Up 38% Yesterday but Down 16% Now, Nokia Pushed by Reddit WallStreetBets

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Nokia’s trading volume increased to 960.4 million shares, a significant spike over the full-day average of around 47.3 million shares.  On the 27th of January, Finish telecommunications company Nokia Corporation (NYSE: NOK) surged 38% in its stock as Reddit traders boosted the brand. The company soared 42.5%, on the day marking its biggest one-day trading since February 1991 when the company started trading. Nokia is now the latest legacy tech brand on Reddit’s WallStreetBets platform. Due to its volatility, Nokia stock was halted five times during trading hours. After then,…

Bitcoin Price & Technical Analysis: BTC Stable, Selling on Halt

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On Thursday, January 28th, the BTC is rising, trading at 31,213 USD. By Dmitriy Gurkovskiy, Chief Analyst at RoboForex. Tech analysis of BTC/USD Rothschild Investment increased investments in the BTC JPMorgan does not expect the BTC above 40,000 USD On W1, the Bitcoin keeps correcting. The aim of the pullback is still the nearest support level of 27,523 USD. The MACD histogram remains positive, giving another signal for growth. The signal lines of the indicator keep growing upon forming a Black Cross, which increases the chances for ascending dynamics. Meanwhile the…

Network-Attached Storage (NAS) Devices Infected by Bitcoin-Mining Malware – Security Bitcoin News

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A Taiwanese hardware company has warned its clients about a targeted crypto mining attack against their storage devices. The malware infects NAS devices connected to the internet by installing a crypto-miner named Dovecat. Threat Actors Install Malware That Illicitly Mines Bitcoin According to the advisory revealed by Bleeping Computer, the malware mines bitcoin (BTC) on NAS devices without alerting its operators. The company elaborates on the findings: QNAP NAS can become infected when they are connected to the Internet with weak user passwords. The malware campaign launched by unknown threat…

Ninepoint Partners Launches Bitcoin Trust Shares Just Like Grayscale

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The Initial Public Offering for the Bitcoin Trust was completed for 230 million Canadian Dollars, equivalent to around 180 million USD. Ninepoint Partners LP has gone public with its Bitcoin Trust shares following the footsteps of Grayscale Bitcoin Trust (OTCMKTS: GBTC). The company announced the listing of the shares on the Toronto Stock Exchange and revealed that they have no intention of selling them in the US. According to John Wilson, the CEO and managing partner of Ninepoint, this is the largest Initial Public Offering (IPO) of a Bitcoin Fund…

AAPL Stock Down 3%, Apple Sees Boosted Revenue Growth in Q1 2021 Earnings Report

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The revenue growth that Apple recorded in China in the past quarter is not attributed to just the sales of its iPhone brands but also to other products that surpassed expectations. American multinational technology company Apple Inc (NASDAQ: AAPL) has disclosed a boost in revenues recorded in the Greater China area as detailed in its earnings report for the fiscal Q1 2021 ended in December. As reported by CNBC, the Cupertino-based company reported a $100 billion revenue, the highest it has ever recorded in a single quarter and this growth…

Chinese New Year could drive Bitcoin selling pressure

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The upcoming Chinese New Year holidays on Feb. 12 could have an indirect impact on the Bitcoin (BTC) price and drive sell-offs on the market, according to a recent analysis.  Per a Jan. 28 report by cryptocurrency investment firm Stack Funds, the ongoing selling pressure on the Bitcoin price is likely to continue in the short term due to Asian miners increasingly offloading their funds amid the upcoming week-long holiday. With more than 60% of global Bitcoin mining pools are located in China, Stack Funds head of research Lennard Neo…

Central Banks Could Issue Digital Currencies in 3 Years

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Many of the banks looking to implement CBDC projects are doing so with the hope that a digital asset will complement their physical fiat currency. A new survey carried out by the Bank for International Settlements (BIS) has said that Central banks representing 20% of the world population would look to issue national digital currencies in the next three years. This was contained in a report by Reuters. According to the report, the demand for these central bank digital currency (CBDC) projects is being fuelled largely by the declining use…

Central banks must play ‘pivotal role’ in digital money, says BIS exec

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With central bank digital currencies — or CBDCs — on the agenda in many countries, the general manager of the Bank for International Settlements has weighed in on the role of the mainstream financial establishment in the emerging digital currency landscape. Speaking at the Hoover Institution policy seminar on Jan. 27, Agustín Carstens argued for central banks to be front and center in issuing and controlling digital money: “If digital money is to exist, the central bank must play a pivotal role, guaranteeing the stability of value, ensuring the elasticity…