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Cryptocurrency News

Location American Cryptocurrency News for 5 December 2020
A new crypto outlook from Bloomberg suggests BTC could reach $50,000 in 2021, topping off a month of major institutional momentum for the asset.
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Lawyer Warns Russian Crypto, Blockchain Exodus Has Already Begun Expert voices are warning that a mass crypto and blockchain exit is already underway in Russia, with companies seeking a way out over concerns that the nation is "lagging behind" other more business-friendly regions. Per...
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MicroStrategy Buys Additional $50M in Bitcoin

Coin Desk - 5 Dec 2020 00:59
MicroStrategy's share prices have increased over 170% since the company first announced its interest in bitcoin in July.
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Yearnify Finance (YFY) Hidden Gem - Decentralized Finance Project, Pre-Sale Round 3 Is Now Live PRESS RELEASE. Yearnify Finance is a community-centered DeFi-project, modeled to take the successful features of Yearn Finance (YFI), and improve upon them. Yearnify aims to bring the true value of yield farming finance ...
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Bitcoin's Rise Causes Shortage of Mining Rigs, Most Units Sold Out, Miners Concerned About Supply While the bitcoin economy has swelled in value, the overall network hashrate has gradually climbed higher as miners are making a lot of money confirming blocks. However, obtaining bitcoin mining rigs isn’t so easy thes...
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Testnet of Facebook's Much Vaunted Stablecoin Only Executes 6 Transactions per Second The Facebook fronted stablecoin, Diem (formerly Libra)’s dismal testnet results undercut the assertion that the digital currency is a threat to global financial stability. This is the conclusion that can be deduced fro...
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BTC nerves, XRP bombshell, Libra rebrand: Hodler's Digest, Nov. 28-Dec. 5 The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more -- one week on Cointelegraph in one link!
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The platform will close all its over-the-counter (OTC) trading services because of the risks related to uncertainties from China's regulatory policies/
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Huobi Global looks to become key player in Polkadot ecosystem Huobi and the Web3 Foundation are pouring resources into supporting projects on Polkadot
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Apple co-founder Steve Wozniak has launched Efforce, a company that facilitates investments in energy efficiency projects via cryptocurrency and blockchain technology.
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Short open interest for leveraged funds grows on CME as likely hedge trades continue to increase.
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Crypto-Friendly Travel Site Travala Posts 503% Revenue Increase, 72% of Bookings Paid With Cryptocurrencies Travel booking website Travala saw an increase in revenue of over 503% in November compared to the previous year. Out of all bookings, 72% were paid with cryptocurrencies, with bitcoin being the most popular choice. A Re...
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The country's income tax authority is tracking investors making money amid the ongoing bitcoin price rally and is all set to demand taxes, two sources familiar with the matter told The Economic Times.
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Microstrategy Buys More Bitcoin, Now Holding BTC Worth Over $780 Million in Treasury Nasdaq-listed billion-dollar company Microstrategy has made its third large bitcoin purchase. The company now holds about 40,824 bitcoins, worth over $780 million at the current price. Microstrategy’s Third Bitcoin Buy...
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'Traditional' Art vs. Crypto Art: How to Value It

Crypto News - 5 Dec 2020 14:00
'Traditional' Art vs. Crypto Art: How to Value It EthBoy, by Trevor, Alotta Money. Sold for ETH 260. Updates once a day to reflect ETH/USD, BTC/USD, and Ethereum network gas prices. While the crypto art space seems to be growing at an increasingly fast pace, critics cha...
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First ETHs, High BTCs, Pushed USDCs and 20 Crypto Jokes This rallying week, after a short correction, bitcoin started hitting all-time highs. We took a look at the 3 and a half phases Ethereum will go through on its path to full ETH 2.0 rollout, just before the long-awaited l...
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Chinese e-commerce firm JD.Com says it's become the first online platform to accept the nation's central bank digital currency.
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Darknet Market Crypto Revenues Hit All-Time Highs in 2020 A study revealed that darknet markets have astonishing figures so far in 2020, despite the coronavirus pandemic, but the dynamics changed compared to the last year’s numbers. Darknet Vendors Surpassed $800 Million in R...
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British Politician Nigel Farage Says Bitcoin Is the Ultimate Anti-Lockdown Investment British politician and leader of the Brexit Party, Nigel Farage is lauding bitcoin branding it as the ultimate anti-lockdown investment. The controversial politician’s comments are drawn from one edition of his daily �...
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Volatile Bitcoin Not a True Store of Value Just Yet, Says Fidelity Digital Assets Head Fidelity Digital Assets president Tom Jessop says that bitcoin is not a true store of value just yet because the digital asset is still too volatile, Reuters reported. However, investors are optimistic bitcoin will attai...
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Donations in dai, USDC, and ether were sent to Coin Center via Gitcoin.
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Bitcoin price rally at risk as gold and US dollar show signs of recovery Analysts warn that a recovery in gold and the U.S. dollar index could negatively impact Bitcoin's bullish momentum.
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