Monthly Archives: November 2020

Bitcoin special! New 2020 high, election fallout, DeFi suffers: Hodler’s Digest, Nov. 2–8

The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — one week on Cointelegraph in one link! Coming every Sunday, Hodlers Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more a week on Cointelegraph in one link.   Top Stories This Week Bulls keep running as Bitcoin notches a new 2020 high at $15,950 Its been another extraordinary week in the […]

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Top 5 cryptocurrencies to watch this week: BTC, ETH, LINK, LEO, XEM

Select altcoins are moving higher as Bitcoin prepares for a renewed push to $16,000 This week Bitcoin (BTC) price nearly hit a new multi-year high at $16,000 and legendary investor Bill Miller told CNBC that the law of supply and demand favors BTC. While the supply is increasing by about 2.5% a year, “the demand is growing faster than that.” Miller expects every major bank, high net worth firms, and investment banks to “eventually have some exposure in Bitcoin.”  Although Bitcoin’s volatility remains high, Miller expects investors […]

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Ripple opens regional office in Dubai following volatile Q3 for XRP

The financial center in one of Dubai’s free-trade zones acts as an independent regulator with its own judicial system According to a Nov. 7 announcement, Ripple has established a regional office in the Dubai International Financial Centre, or DIFC.  The blockchain-based payments firm reportedly chose the location for its “innovative regulations.” The DIFC website states the special economic zone serves more than 2,500 companies across the Middle East, Africa, and South Asia as an “independent regulator” with a “proven judicial system.” “Ripple already has a significant client […]

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Japanese firm Layer X Labs develops blockchain-based e-voting protocol

The new system will bring blockchain security and immutability to local elections as well as reinforce Tsukuba City’s “smart city” initiative Japanese firm Layer X has announced the development of an electronic voting system based on a blockchain protocol as part of a wider “smart city” initiative being pursued by Tsukuba City. The Tokyo-based company said that the new system will meet the technical needs of electronic voting, including the prevention of double voting, accurate storage of voting content, voter confidentiality, and management of operation records. In […]

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Grin network hit with 51% attack while GRIN token remains resilient

An unknown mining group currently controls more than half of the Grin blockchain’s hashing power. Grin, a privacy-focused cryptocurrency built on the Mimblewimble protocol, has just suffered a 51% attack on its blockchain. According to a Nov. 7 tweet from crypto mining group 2Miners, an unknown group accumulated 57.4% of the total hash power of the Grin (GRIN) network on Saturday evening. 2Miners only had control of 19.1% of GRIN’s hash power, while sparkpool miners came in third at 18.9%. Grin Network Is Under the 51% Attack! […]

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Canada’s Tax Authority Asks Court to Force Crypto Exchange to Hand Over Data on All Users

Canada’s tax authority is reportedly asking a federal court to force cryptocurrency exchange Coinsquare to hand over information and certain documents on all of its users since the beginning of 2013. The Canadian crypto exchange has over 200,000 users. Canada Revenue Agency Wants Data on All Coinsquare Users The Canadian tax authority has asked a federal judge to force Coinsquare “to hand over information and certain documents about all its clients” since the beginning of 2013, the National Post reported on Friday, elaborating: The Canada Revenue Agency […]

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3 factors to consider before trading crypto perpetual futures contracts

Traders are making massive gains from perpetual futures contracts but there are three risks to be aware of before trading. As tempting as it can be to buy altcoins using perpetual futures, there are a few hidden traps that one should monitor closely.  Over the past few years, numerous exchanges began to offer altcoin futures quoted in Tether (USDT) and stablecoin pairs, which eventually became the standard. This change is more convenient for most traders but still presents some serious issues for those willing to keep long […]

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As PayPal integration looms, Paxos CEO sees mass adoption for tokenized assets

Paxos CEO Charles Cascarilla sees a bright future for tokenized assets — possibly through PayPal In a panel last week for the London Bullion Market Association, Paxos founder and CEO Charles Cascarilla discussed the growth of Paxos’ gold-backed ERC-20 token, PAXG, and the future of asset tokenization more generally — a future that could well involve his company’s recently-announced integration with financial giant PayPal.  Speaking alongside Fidelity Labs director of product management Raghav Chawla and the LBMA’s Sakhila Mirza, Cascarilla told viewers that an asset-backed gold token […]

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Will PayPal’s crypto integration bring crypto to the masses? Experts answer

Experts in blockchain technology and crypto take on the question: Could PayPal’s crypto integration help mass adoption? One of the most discussed topics within the crypto community recently has been PayPal’s announcement that its customers will be able to buy and sell cryptocurrencies. The service is expected to be fully rolled out early next year. The company’s goal “to increase consumer understanding and adoption of cryptocurrency,” as stated in its press release, seems to be a needed step in cryptocurrency popularization. Mainstream awareness of crypto still remains […]

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20 More Block Rewards from 2010 Spent Today— Why Are Decade-Old Bitcoins Waking Up?

Following the 21 coinbase rewards from 2010 spent on November 7, another long string of so-called ‘sleeping bitcoins’ mined a decade ago were transferred on Sunday morning. According to onchain data, the 20 block rewards from 2010 with 1,000 BTC were transferred at 4:02 a.m. EST. A ton of ‘zombie coins’ moved in 2020, after sitting idle for over ten years. Zombie coins or so-called ‘sleeping bitcoins’ are a great number of old addresses with block rewards that have never been spent. Estimates believe there’s around 1.5 […]

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