Cryptocurrency News
$50K BTC in 2021? Bloomberg Analysts Join the 'Traditional Onslaught' Driving Bitcoin's Rally
Coin Desk - 5 Dec 2020 16:00
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.
Lawyer Warns Russian Crypto, Blockchain Exodus Has Already Begun
Crypto News - 5 Dec 2020 02:00
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...
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.
Yearnify Finance (YFY) Hidden Gem - Decentralized Finance Project, Pre-Sale Round 3 Is Now Live
Bitcoin.com - 5 Dec 2020 16:00
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 ...
Bitcoin's Rise Causes Shortage of Mining Rigs, Most Units Sold Out, Miners Concerned About Supply
Bitcoin.com - 5 Dec 2020 05:30
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...
Testnet of Facebook's Much Vaunted Stablecoin Only Executes 6 Transactions per Second
Bitcoin.com - 5 Dec 2020 22:00
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...
BTC nerves, XRP bombshell, Libra rebrand: Hodler's Digest, Nov. 28-Dec. 5
Coin Telegraph - 5 Dec 2020 21:07
The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more -- one week on Cointelegraph in one link!
Hong Kong Crypto Exchange Founder Taken Amid China's Crackdown on Fraudulent Bank Accounts
Coin Desk - 5 Dec 2020 20:40
The platform will close all its over-the-counter (OTC) trading services because of the risks related to uncertainties from China's regulatory policies/
Huobi Global looks to become key player in Polkadot ecosystem
Coin Telegraph - 5 Dec 2020 20:14
Huobi and the Web3 Foundation are pouring resources into supporting projects on Polkadot
Apple Co-Founder Wozniak's New Venture Lists Token to Help Fund Energy Efficiency Projects
Coin Desk - 5 Dec 2020 18:38
Apple co-founder Steve Wozniak has launched Efforce, a company that facilitates investments in energy efficiency projects via cryptocurrency and blockchain technology.
CME Leveraged Funds Double Down on Shorts as Bitcoin Maintains $19,000
Coin Desk - 5 Dec 2020 18:22
Short open interest for leveraged funds grows on CME as likely hedge trades continue to increase.
Crypto-Friendly Travel Site Travala Posts 503% Revenue Increase, 72% of Bookings Paid With Cryptocurrencies
Bitcoin.com - 5 Dec 2020 17:30
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...
India Plans to Tax Income From Bitcoin Investments: Report
Coin Desk - 5 Dec 2020 17:07
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.
Microstrategy Buys More Bitcoin, Now Holding BTC Worth Over $780 Million in Treasury
Bitcoin.com - 5 Dec 2020 14:30
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...
'Traditional' Art vs. Crypto Art: How to Value It
Crypto News - 5 Dec 2020 14:00
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...
First ETHs, High BTCs, Pushed USDCs and 20 Crypto Jokes
Crypto News - 5 Dec 2020 13:00
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...
JD.Com Says It's Accepting China's Digital Yuan for Latest Lottery
Coin Desk - 5 Dec 2020 12:05
Chinese e-commerce firm JD.Com says it's become the first online platform to accept the nation's central bank digital currency.
Darknet Market Crypto Revenues Hit All-Time Highs in 2020
Bitcoin.com - 5 Dec 2020 11:30
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...
British Politician Nigel Farage Says Bitcoin Is the Ultimate Anti-Lockdown Investment
Bitcoin.com - 5 Dec 2020 08:30
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 �...
Volatile Bitcoin Not a True Store of Value Just Yet, Says Fidelity Digital Assets Head
Bitcoin.com - 5 Dec 2020 03:15
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...
Coin Center Donations Top $100K Worth of Dai Following Anti-Stablecoin Bill Proposal
Coin Desk - 5 Dec 2020 00:41
Donations in dai, USDC, and ether were sent to Coin Center via Gitcoin.
Bitcoin price rally at risk as gold and US dollar show signs of recovery
Coin Telegraph - 5 Dec 2020 00:35
Analysts warn that a recovery in gold and the U.S. dollar index could negatively impact Bitcoin's bullish momentum.