Day: February 9, 2021

TORN soars 200% as Tornado.Cash’s governance token becomes tradable

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The decentralized finance (DeFi) “stimulus checks” keep coming as Tornado.Cash joins Uniswap, Badger DAO, StakeDAO, and others in “airdropping” a now-tradable TORN governance token to early protocol participants. Tornado Cash, which is an Ethereum “tumbling” service that obscures transactional history in order to preserve user privacy (as well as allow scammers and hackers a method to launder their funds), first announced the launch of a governance token in December. A snapshot for the airdrop was taken for Ethereum block 11400000, which was mined on December 6th, and addresses which had…

ECB leader floats 3K threshold for digital euro holdings

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In an interview today, Fabio Panetta, executive member of the European Central Bank said the ECB may only allow digital euro holdings “up to a certain threshold” but added that the rollout of the central bank digital currency was unlikely to cause banks to lose deposits. Specifically, Panetta said that this threshold “could be around €3,000” — worth roughly $3,600 — which he said would still meet most people’s cash needs. He added that these figures were ”still under discussion” and that the ECB had also not yet decided on a…

Former British MP says central banks should ban Bitcoin

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Nick Boles, a former Member of Parliament for Grantham and Stamford from 2010 to 2019, took to Twitter Tuesday to criticize Bitcoin over its negative environmental impact. He retweeted a post from BBC correspondent Rory Cellan-Jones showing that Bitcoin has overtaken Argentina in annual energy consumption. The data was compiled by the University of Cambridge and presented in the Cambridge Bitcoin Electricity Consumption Index.  Boles commented: “Central banks should ban the trading of it, and force anyone who holds Bitcoin and wants to use it in any transaction, to exchange…

Expert warns Hackers are Targeting Russian Government’s IT Infrastructure to Mine Cryptocurrencies – Security Bitcoin News

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A state-affiliate cybersecurity expert warned about hackers exploiting the Russian government’s IT facilities to mine cryptocurrencies. The deputy director of the National Coordination Center for Computer Incidents believes such threat actors have been very active in recent times. Global Cybersecurity Landscape Remains ‘Tense’ According to TASS, Nikolai Murashov pointed out that hackers managed to inject unknown malware into the infrastructure of Russian government entities, medical institutions, defense contractors, and even research institutes. The cybercriminals then look for IT resources to use to illicitly mine cryptos. He added: For the first…

LAST CHANCE: Bitcoin Just Got A MASSIVE Endorsement! Ethereum Ready To Explode! Cryptocurrency News

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io The BEST Cryptocurrency Investments In 2021 Will Be? Let Me Know In The Comments! Hit Like, Share and Subscribe for more daily cryptocurrency news! Altcoin Daily, the best cryptocurrency news media online! Follow us on Twitter: Timestamp: 0:00 – Intro (Watch The Whole Video!!) 0:38 – Massive Endorsement For Bitcoin! 3:31 – The Perception Shift Happening With Bitcoin Is UNREAL! 3:53 – 25,000 Bitcoin Address Were Created Just One Hour 4:49 – China Promoting Bitcoin! 5:22 – Dubai Investors Choose $10 Million…

Will Apple Be the Next Fortune 500 to Buy Bitcoin?

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A new analyst report from the Royal Bank of Canada thinks that with a small investment Apple could disrupt the crypto exchange place and pay for it by buying bitcoin. This episode is sponsored by Nexo.io. Today on the Brief: A shifting inflation narrative Reddit raises $250M and has a $6B valuation Castle Island Ventures announces $50M fund II Our main discussion: Might Apple by the next company to dive into bitcoin? In the wake of Tesla’s surprise $1.5 billion bitcoin purchase announcement, many are wondering which Fortune 500 will…

Current Bitcoin Consolidation Zone Could Act As The Next Bear Market Bottom

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With only a 30% pullback on the books, it is hard to consider the most recent consolidation phase in Bitcoin much of a correction. But whatever base is currently being built within this range, could act as the next bear market botton after the leading cryptocurrency by market cap tops out and the cycle restarts over again. Here’s why the zone is a likely target for the next major downtrend when it eventually arrives. When Bitcoin Eventually Tops, Where Will It Drop To? Bitcoin’s uptrend has only just started, and…

Bitcoin Driven Higher by TWAP Buying as Price Stabilizes at All-Time Highs

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Bitcoin has seen wild price action over the past couple of days, with the cryptocurrency posting its most extensive ever 1-day candle yesterday following news of Tesla’s BTC purchase This candle, which spanned from the upper-$30,000 region all the way to highs of $47,000, has yet to be reversed, as bulls have maintained their control over the market Where the entire crypto market trends next will undoubtedly depend on BTC, as altcoins have been closely tracking its general trend If the crypto slides lower and fails to extend its momentum,…

Record $584M Litecoin futures open interest signals institutional inflow

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Litecoin (LTC) might be 60% below its December 2017 all-time high at $420, but that hasn’t stopped its futures contracts open interest from reaching a record $584 million. This makes LTC the seventh-largest cryptocurrency by market capitalization and it ranks third in derivatives, behind Bitcoin (BTC) and Ether (ETH). Litecoin futures aggregate open interest. Source: Bybt.com As shown above, LTC futures aggregate open interest increased by 285% over the past three months. One should keep in mind that such an event is not necessarily positive since futures contracts require both…

Nigerians Look to P2P Exchanges After Crypto Ban

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“There’s no stopping crypto, [it’s] the future and we won’t let some old fools take our future from us,” one Nigerian bitcoin user who wished to remain anonymous told CoinDesk. “We’re Nigerians. Using the crypto is a way out of poverty for the youth.”  Last week, the Central Bank of Nigeria (CBN) ordered banks to close down accounts associated with cryptocurrencies. But this will not be enough to shut down Nigeria’s cryptocurrency market. CBN clarified on Sunday that this is not a new order, but a reminder of a directive…