Monthly Archives: November 2020

Bitcoin, stocks drop as markets uncertain about US election result

The price of Bitcoin suddenly fell by 3% within hours alongside the U.S. dollar, gold and stocks as the outcome of the U.S. election is still up in the air. The price of Bitcoin (BTC) suddenly fell by 3% within hours on Nov. 4 to $13,566 after briefly rising above $14,000. Coincidentally, the U.S. dollar, gold and stocks all fell together in tandem. Analysts are pointing to uncertainty surrounding the election as the catalyst for the sharp correction. Bitcoin 1-hour chart. Source: TradingView.com Why markets fell after surging […]

More info

Australian senator says blockchain can make financial compliance easier

“The future is technology by blockchain,” says an Australian Liberal senator. Australian Liberal Senator Andrew Bragg thinks that blockchain technology can solve a number of major regulatory issues in his home country. According to Bragg, blockchain technology could become a useful tool in reducing complications associated with financial regulatory compliance and transparency. “The future is technology by blockchain,” the senator said at an online panel of the Future of Financial Services 2020 conference, ZDNet reported on Nov. 4. Bragg said that blockchain-powered instant cross-border transactions “may well be […]

More info

Uniswap Dark (UNID) Next Generation Defi protocol with Ultimate Security Futures, Token Pre-Sale is Now Live

PRESS RELEASE. Uniswap Dark is a uniswap fork that tackles impermanent and permanent loss. Our exchange provides a decentralized, peer-to-peer, and safe exchange platform with minimal fees and slippage to solve the problems. Usually, trading or swapping on Uniswap demands ERC-20 token to ETH involves a double swapping fee, but uniswapdark exchange enables stablecoin users to swap and stake as needed. The UniswapDark protocol is designed to help users swap their ERC-20 tokens in a trustful way across all of the platform’s native liquidity pools. In terms […]

More info

Security token volumes crash by half for two consecutive months

The security token markets continued to slump last month, with sector-wide trade volume receding by more than 40%. The bullish momentum enjoyed by the security token sector in the first three quarters of 2020 has well and truly subsided, with monthly volume crashing by more than 40% for the second time in a row. Since it tagged almost $22 million in August, monthly security token trade slumped to $9.15 million in September, before sliding down to $5.27 million for October. With 98% of the sector’s trade taking […]

More info

Telegram to pay $625K in fees after dropping ‘GRAM’ ticker lawsuit

Telegram must pay $625,000 to Lantah LLC — a small crypto firm it sued in 2018 over using the ‘GRAM’ trademark and ticker. Telegram Messenger Inc. has been ordered to pay nearly $625,000 worth of legal fees to a small cryptocurrency firm that it sued over using the ‘GRAM’ crypto-ticker and trademark. In a Nov. 2 ruling, U.S District Judge Charles Breyer granted $618,240 in attorney’s fees for 1,030.4 hours work billed at $600 per hour. Lantah had requested compensation at a rate of $900 per hour, […]

More info

Prosecutors seek harsh sentence for fraudster behind celeb-spruiked ICO

The U.S. government is seeking harsh sentencing for the founder of the company behind a fraudulent, celebrity-promoted initial coin offering from 2017. U.S. federal prosecutors are pushing for a heavy prison sentence to be levied against one of the founders of Centra Tech — the company behind a notorious initial coin offering (ICO) in 2017 that was promoted by professional boxer Floyd Mayweather and musician DJ Khaled. In a government sentencing submission filed on Oct. 31, the government requested that U.S. District Judge Lorna Schofield sentence Centra […]

More info

Atari token falls 70% just days after public sale concludes

Atari’s new Ethereum token fell off a cliff when trading began, leaving investors wondering what was behind the dump. Atari Token (ATRI), the first foray into a gaming digital currency by legendary video game developers Atari Interactive, ended its first 36 hours of trading down almost 70%. The current price is well below the public sale price and is even below the discounted price in the presale rounds. The token sale — held on Bitcoin.com exchange and concluding two days before trading began — was reportedly marred […]

More info

Fork in the node: Bitcoin Cash Node on track to oust Bitcoin ABC

After months of escalating tensions between rival Bitcoin Cash implementations, the future of BCH appears to be firmly in the hands of Bitcoin Cash Node. Bitcoin ABC, the historically dominant implementation of Bitcoin Cash (BCH), appears on the brink of giving way to a community-driven mutiny in the form of Bitcoin Cash Node (BCHN). According to Coin Dance more than 75% of nodes have signaled in favor of BCHN over the past week, while a meager 1% have shown support for ABC. There’s just over ten days […]

More info

Bitcoin Network’s Mining Difficulty Sees Largest Epoch Drop Since 2011

Bitcoin’s mining difficulty saw the second-largest drop in history on Tuesday, as the difficulty dropped to 16.78 trillion, losing a touch over 16% since last week’s all-time difficulty high. The last time bitcoin’s mining difficulty dropped so low was in October 2011, when it lost around 18%. Since the large difficulty drop took place, the overall SHA256 hashrate increased a great deal after losing 40% during the last week of October. The Bitcoin (BTC) network saw a significant mining difficulty drop on Tuesday when it slid -16.05% […]

More info

On-chain metrics indicate Bitcoin miners’ influence on the price is diminishing

Research suggests that Bitcoin miners are holding less of the asset. A new report by on-chain analytics provider CoinMetrics suggests that miners’ considerable influence on the Bitcoin network is slowly diminishing. The research analyzed miner and pool addresses and spending in order to determine whether their influence over the network as a whole had changed over time. As miners receive newly issued Bitcoin rather than buy it, they are natural net sellers of the asset. Measuring the net flows from two types of addresses associated with block […]

More info
1 2 3 4