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Cryptocurrency News

Location American Cryptocurrency News for 8 January 2021
Tezos (XTZ), Synthetix (SNX) and Yearn.finance (YFI) lead the DeFi revival Tezos, Synthetix and Yearn finance are the most recent top performers in what appears to be a DeFi sector revival.
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South Korean Gaming Giant Planning to Buy Crypto Exchange Bithumb for $460 Million Nexon, the South Korean multi-billion-dollar gaming conglomerate, is reportedly planning to buy a 65% stake in troubled crypto exchange Bithumb in a deal worth about 500 billion won ($460 million). ● According to local...
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A 2020 report by Top10VPN found India to be the country that suffered the most economic damage from internet disruptions.
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Could NFTs Become 2021's Biggest Crypto Trend?

Bitcoin.com - 8 Jan 2021 16:00
Could NFTs Become 2021's Biggest Crypto Trend? Even at this point in Bitcoin’s evolution, it’s still relatively rare for cryptocurrencies to hit mainstream news headlines unless volatility reaches dramatic extremes. It’s even more extraordinary for blockchain a...
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Blockchain Projects Gain Boost in Seoul's USD 7Bn 2021 Spending Plan The South Korean government has pledged to spend USD 7bn on public projects this year, a figure that will include blockchain spending. The money will back what ministers have labeled the "Korean New Deal," and particular...
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Bitcoin hit a brand-new all-time high as traders are piling into ether futures.
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The Smart Way to Talk About DeFi's $22B

Coin Desk - 8 Jan 2021 23:05
"TVL isn't the best indicator when ETH and all other crypto is green for weeks," one observer said of DeFi's recent growth.
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Data and traders reveal the source of XRP's recent price rally could be Asia.
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Six-Digit Bitcoin Prices: Stock-to-Flow Creator Says BTC Value Model 'On Track Like Clockwork' Bitcoin prices have gone parabolic and the value is seemingly following along with the controversial stock-to-flow (S2F) model, according to the price model’s creator. This week, the Twitter handle dubbed “Plan B” ...
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BRRR: Biden Readies a New $3T Stimulus Package

Coin Desk - 8 Jan 2021 22:00
What a new package including more direct payouts to citizens plus big infrastructure spending mean for bitcoin and markets as a whole.
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2021 Hashed Blockchain & Crypto Market Predictions Simon Seojoon Kim is the CEO and Managing Partner at South Korea-based blockchain accelerator Hashed. ____ I. Bitcoin A solid and continuous Bitcoin (BTC) bull run is expected in 2021. Since the inception of Bitcoin, the...
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Square Crypto's latest grant will fund a developer's work on software that could improve how mining collectives pool hash power.
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Pension funds are getting in on Bitcoin, according to Grayscale In fact, CEO Michael Sonnenshein says they're fueling Grayscale's massive growth.
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Money Reimagined: Bitcoin's Road to Gold

Coin Desk - 8 Jan 2021 20:27
Bitcoin may not be "digital gold" just yet. But with institutions accepting the business case and the price rising, it's well on the way.
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Also: Grayscale reports an a rise in participation from pensions while Ripple's Garlinghouse reveals he attempted to settle charges with the SEC ahead of its XRP suit.
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DeFi integration and layer-2 tech back Matic Network's (MATIC) 92% rally MATIC price has rallied by 92% since multiple decentralized applications opted to use the network's layer-two solution and traders have looked to DeFi tokens for big returns.
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Bitcoin Now Larger Than Facebook's Market Cap -- 'Money Network More Valuable Than Social Network' The surge in bitcoin’s price on Friday has propelled the cryptocurrency past Facebook’s market cap. Next, bitcoin stands to flip Tesla, Google, Amazon, Microsoft, and then Apple. Bitcoin Surpasses Facebook in Market ...
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Bitcoin bull run could end if institutions go under, Komodo exec speculates The likelihood of such a scenario is tenuous but not impossible.
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They call it the charitable-industrial complex: a system where money for development, for humanitarian needs and for improving the lives of billions is controlled through a top-down process, run by U.S. charities and sha...
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As gold crashes, Jim Cramer says money is 'all going to crypto' The host of CNBC's Mad Money responds to gold's surprising underperformance this week.
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Bitcoin News Roundup for Jan. 8, 2021

Coin Desk - 8 Jan 2021 19:00
With BTC hitting another record high of $41K plus a look at the ongoing rise and where it could end, CoinDesk's Market's Daily is back with the latest crypto news roundup.
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Hive last had a $1 billion market value in November 2017.
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