Rockstar and Kiss Bassist Gene Simmons Tells Fans He Bought Bitcoin and Other Cryptocurrencies – Bitcoin News

In September of 2020, the frontman for the rock band Kiss, Gene Simmons, tweeted a cryptic message about bitcoin with one of the cofounders of the Gemini crypto exchange. Then on Sunday, the Kiss singer tweeted to his 900k Twitter followers that he bought “bitcoin, ethereum, litecoin, and others.” The bassist and co-lead singer of the classic rock band Kiss discussed cryptocurrencies on Twitter on Sunday, after a few months ago when he tweeted about the subject with Cameron Winklevoss last September. His tweet at the time simply said “I…

What short squeeze? Here’s what is really behind XRP’s recent 170% rally

Between Jan. 30 and the early hours of Feb. 1, XRP price pumped 147%, reaching $0.76 which is its highest level in two months. The move seems to have been fueled by r/Satoshistreetbets, an off-shoot of r/Wallstreetbets. It seems that speculative social media group-based investing is becoming a trend so let’s take a look at what triggers might have catalyzed the recent surge in XRP price. XRP Twitter activity vs. Price. Source: TheTie Data from TheTie, an alternative data provider focused on social analytics, shows just how significant the impact…

Following Grayscale’s contribution, Kraken donates $100K to Coin Center

Kraken has pledged $100,000 to Coin Center, a cryptocurrency advocacy group based in Washington D.C. In a blog from the crypto exchange today, Kraken said it had donated the funds to promote Coin Center’s work in educating regulators about digital assets an advancing the rights of crypto users. The exchange said that the advocacy group “has been a vanguard for challenging policies such as the proposed STABLE act as well as recent rushed Financial Crimes Enforcement Network rulemaking.” “At a time when misinformation about this new technology remains high, we…

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ARK Invest lays out what it would take for Bitcoin to hit $70K

The Bitcoin (BTC) price could be headed a lot higher as more companies allocate a portion of their treasuries to the digital asset, according to new research from ARK Invest.  In its annual Big Ideas report, ARK said Bitcoin’s price would increase by roughly $40,000 if “all S&P 500 companies were to allocate 1% of their cash” to BTC. This scenario isn’t entirely unrealistic as support for the BTC network continues to grow. According to the report: “Based on search volumes compared to 2017, bitcoin’s price increase seems to be…

IBM Blockchain Is a Shell of Its Former Self After Revenue Misses, Job Cuts: Sources

IBM has cut its blockchain team down to almost nothing, according to four people familiar with the situation.  Job losses at IBM (NYSE: IBM) escalated as the company failed to meet its revenue targets for the once-fêted technology by 90% this year, according to one of the sources. “IBM is doing a major reorganization,” said a source at a startup that has been interviewing former IBM blockchain staffers. “There is not really going to be a blockchain team any longer. Most of the blockchain people at IBM have left.”  IBM’s…

Blockchain Bites: The ‘Silver Lining’ for Bitcoin

Three stories India’s Parliament is considering a bill that would ban “private,” non-sovereign currencies, including cryptocurrencies. This is the latest attack on the growing crypto industry in the country after a two-year ban was overturned by the country’s supreme court in March 2020, CoinDesk’s Tanzeel Akhtar reports. The Cryptocurrency and Regulation of Official Digital Currency Bill 2021 also looks to create a framework creating an official digital currency to be issued by the Reserve Bank of India (RBI). The scope of the bill is still being debated, which leaves room…

Japanese exchange Coincheck to list fan tokens by Chiliz and Socios

Japanese cryptocurrency exchange Coincheck has partnered with major global fan token makers, Chiliz and Socios, Cointelegraph Japan reports. As part of the new partnership, Coincheck will list Chiliz and Socios’ fan tokens on Coincheck’s non-fungible token, or NFT, marketplace, the company announced Monday. Coincheck originally announced that it was considering launching an NFT platform in August 2020. According to the latest announcement, Coincheck’s platform has already listed several NFTs for five popular games and gained exposure to over 2.2 million users. Coincheck’s executive director Kensuke Amo said that the new…

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Futureswap V2 wants to offer a home for DeFi whale traders

After the success of the automated market maker, or AMM, model for building decentralized spot exchanges, several projects are now racing to take this concept to the world of derivatives. One of these is Futureswap, an AMM-based futures exchange specifically designed for large trades. Futureswap has recently launched Version 2 of its platform, which features a unique oracle design that allows to increase capital efficiency for large trades. Benji Richards, co-founder of Futureswap, explained the idea to Cointelegraph: “When you think of AMM people think of the constant-product like Uniswap.…