Monthly Archives: October 2020

Cointelegraph Consulting: Ethereum’s on-chain activity surges and bullish sentiment spikes

Is Ethereum’s recent bullish online sentiment good or bad? Short-term holders are now in the black, is a ‘sell zone’ approaching? The latest findings by Santiment, published in Cointelegraph Consulting’s biweekly newsletter, indicates that discussions around Ethereum have switched from highly bearish to predominantly bullish. Historically, this hasn’t meant good news for the token’s price. Ethereum’s on-chain activity, measured by unique daily addresses, has rebounded from its nose dive at the end of summer. The latest surge has taken Ethereum to a 3-week high of 420,610 addresses […]

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Bitstamp says its users are now covered against a broad web of crime

Crypto needs insurance too. Digital asset exchange Bitstamp has beefed up its insurance measures to combat the inherent uncertainties associated with the crypto space. “The policy covers an array of crime-related cases, such as employee theft, loss while the assets are stored at any premises, loss in transit, loss caused by computer fraud or funds transfer fraud, and loss related to legal fees and expenses,” an Oct. 15 statement from Bitstamp detailed with regard to the firm’s updated insurance measures.  Cryptocurrency offers added freedom when compared to traditional finance, […]

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Attempting to stifle encryption is a waste of time, suggests Status security chief

It’s not a scarce resource like nuclear power, whose proliferation is more easily suppressed. Corey Petty, a chief security officer at Status messenger, told Cointelegraph that he believes there is no way to marry end-to-end encryption with the type of backdoor access law enforcement agencies continue to lobby for. He also believes that any prohibitive or restrictive measures will be fruitless as encryption is an abundant and readily available resource, unlike nuclear power: “If you take nuclear control across the globe as an example here, and how […]

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‘Shorts will be dead’ — Why Dan Tapiero expects a massive Bitcoin shortage

Dan Tapiero believes Bitcoin could face a supply shortage if institutional demand for BTC continues to increase. In recent months, there has been a considerable spike in institutional demand for Bitcoin (BTC) following several high profile investments. Over time, asset manager and 10T Holdings co-founder Dan Tapiero believes this could lead to a problematic shortage in BTC. Alongside investments from Square, MicroStrategy and Stone Ridge, Bitcoin inflows to Grayscale Bitcoin Trust have surged. Based on the rapid growth of institutional investments, Tapiero warns that short-sellers could see […]

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Philippines Regulator Warns Investors to Steer Clear of Mining City’s Bitcoin Vault Ponzi

There’s a mining contract scheme people are discussing and making the rounds on the web called “Mining City” or “Bitcoin Vault.” The Philippines SEC recently put out a warning against the operation and the alleged masterminds behind the project. One thing is for sure, there’s been a number of crypto Ponzi operations over the years, and they typically attract a lot of users before they crumble. However, as the story goes with any pyramid scheme when the project crashes, only the top leaders make off with all […]

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Game theory meets DeFi: Bouncing ideas around tokenomic design

“If you look at financial structures in history, everything worked out because of collaboration.” Jack Lu, 23, was struck by the idea for his new DeFi platform Bounce while working on his thesis on game theory and cryptocurrency at Reed College in California. “It took me quite a long time to think of it,” Lu explains about his game theory influenced auction platform. Everyone was talking about lending and borrowing, and doing Uniswap and providing liquidity. When I looked at this financial channel I think there’s one […]

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Central banks should be ready with CBDCs, says Bank of Canada exec

Timothy Lane says the central bank is developing a CBDC at “a good pace.” According to an Oct. 15 report from The Canadian Press, the Bank of Canada, or BoC, deputy governor Timothy Lane said central banks should have their own digital currency ready should regulators block Facebook’s Libra token. They also noted such an asset’s potential importance as a possible solution for the economic realities of COVID-19. Lane spoke at an online panel discussion hosted by the Central Bank Payments Conference, stating that the Bank of […]

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Governments and banks are the only winners with fiat currency, says Max Keiser

His doom and gloom comments continue to roll in for global currencies. Using the analogy of a Hi/Lo poker game — a variety of poker which crowns the highest and lowest hands as victors — broadcaster Max Keiser explained citizens will ultimately lose when it comes to holding government-issued currencies.  “Unless you’re a country, that can make money by debasing your currency, by getting kickbacks from Wall Street who packages all those currencies in the form of negative rate interest-rate bonds, then you only have one choice,” […]

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USDC set to land on Stellar in 2021

Stellar joins the ranks of Ethereum and Algorand. The Centre consortium announced on Thursday that USD Coin (USDC) will soon be available on the Stellar blockchain. This marks the first time that a major stablecoin will be made available on the platform, joining the ranks of Anchor USD, WhiteStandard and some others. USDC is currently the second largest stablecoin in the market behind Tether (USDT). Circle said that USDC is expected to be available on Stellar in Q1 2021. USDC is primarily hosted on Ethereum, which holds […]

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Foresight or folly? Data show 70% of exchanges are unmoved by DeFi volume

Survey data show centralized exchanges are not worried about DeFi trading volumes, so why are they building their own DEXs? A recent survey by cryptocurrency data aggregator, CryptoCompare, shows that centralized exchange operators do not see the emergence of decentralized trading venues like Uniswap as a threat despite growing volume and activity in the DeFi space.  In its September exchange review, CryptoCompare asked 26 of the leading venues in the space how likely it was for DEX liquidity to overtake that of centralized exchanges in a 2-year […]

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