Monthly Archives: November 2020

Ripple’s Garlinghouse disses Bitcoin’s energy use in advance of Biden administration

With Joe Biden being declared the next President of the United States, Ripple CEO Brad Garlinghouse is making sure his company’s messaging aligns with the new administration. Ripple CEO Brad Garlinghouse thinks corporations converting cash to Bitcoin (BTC) could be making a costly mistake as a more environmentally-conscious Biden administration takes the White House in January. Garlinghouse tweeted Monday that the incoming president will be much tougher on climate change, requiring that all publicly-traded companies disclose their greenhouse-gas producing activities. He singled out Square as one company […]

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Investors are back into Bitcoin but DEXs are still the future of crypto

Bitcoin’s rally to $15.9K stole the limelight from DeFi tokens and decentralized exchanges but the tables could turn rapidly. Bitcoin’s long-waited bull run and the recent wave of corporate and institutional investors allocating significant portions of their reserves to Bitcoin (BTC) are all signs that the pace of crypto’s mainstreaming is rapidly accelerating: But has the path to mass adoption come at the cost of privacy and decentralization?  Know Your Customer and Anti-Money Laundering laws have forced the majority of cryptocurrency exchanges to become more transparent about […]

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Bitcoin may pay out more than gold, says billionaire investor

“If the gold bet works, the Bitcoin bet will probably work better.” American billionaire Stanley Druckenmiller has changed course on Bitcoin, saying it has the potential to store value for future generations. Speaking on CNBC today, Druckenmiller said that, although he was still more heavily invested in gold than crypto, he had purchased at least some Bitcoin (BTC). He did not specify how much. “Bitcoin could be an asset class that has a lot of attraction as a store of value to both millennials and the new […]

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‘Dr Doom’ Nouriel Roubini Admits Bitcoin May Be a Store of Value, Sees Big Revolution in Central Bank Digital Currencies

Economist Nouriel Roubini, also known as “Dr. Doom,” has admitted that bitcoin may be a store of value. Roubini sees a “big revolution” coming in the next three years due to central banks launching their own digital currencies. Nouriel Roubini Sees Store of Value in Bitcoin After years of publicly mocking and ridiculing bitcoin, Nouriel Roubini has admitted that bitcoin may be a partial store of value. Roubini teaches at New York University’s Stern School of Business and has his own economic consulting firm called Roubini Macro […]

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Monero podcaster loses NY congressional race

“Monero aligns with the ideals America was founded upon. It is America 2.0 — a protocol to preserve liberty in the digital age,” said Tuman. Douglas Tuman, a crypto enthusiast and host of the Monero Talk podcast, has lost in his bid to represent New York’s 4th District in the U.S. Congress. According to election results from The Associated Press, Tuman, a Republican, received 134,243 votes to incumbent Democrat Kathleen Rice’s 147,580 in New York’s 4th District, which includes parts of central and southern Nassau County. Rice […]

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Price analysis 11/9: BTC, ETH, XRP, BCH, LINK, BNB, LTC, DOT, ADA, BSV

Bitcoin price is recovering well from its 6% drop to $14,800 but top altcoins are slow to follow. Professional traders are often perceived to be the smartest as they weigh the risks before investing in an asset class. Opposite to that, most retail traders only keep an eye on the possible profits and disregard the risk before investing. Therefore, the increase in the number of Bitcoin (BTC) addresses holding more than 100 Bitcoin to a seven-month high, at 16,271, could be considered as a bullish sign. Furthermore, […]

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New North American Mining Pool Bets On Region And Regulatory Compliance

North American bitcoin mining farms all use mining pools to ensure steady block rewards, compiling hash power from miners operating remotely to compete with the industrialized farms based in China. Most of these mining farms use China-based mining pools (pools whose headquarters and, perhaps, servers for collecting hash power, are located in China) because the fees that they charge for collecting and distributing hash power are the lowest in the world.  However, the days of unregulated mining pools serving the North American market may be ending. And […]

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US Fed economists are exploring the “intrinsic” value drivers of CBDCs

Fed economists are beginning their deep dive into CBDC research, hoping to identify the “intrinsic” value drivers of a digital dollar. The United States Federal Reserve has broadened its research on central bank digital currencies, or CBDCs, in a new review that was posted to its website Monday. In a report titled “Central Bank Digital Currency: A Literature Review,” Fed economists Francesca Carapella and Jean Flemming compile research exploring the potential impact of a digital dollar on commercial banking and monetary policy. The review provides a theoretical […]

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3 reasons why Bitcoin price abruptly dropped 6% after reaching $15,800

A strengthening dollar and unexpected stock market rally occurred as Bitcoin price sharply dropped by 6%. The price of Bitcoin (BTC) rose to as high as $15,840 before crashing to $14,800. Just 5 hours after reaching an intraday top, the dominant cryptocurrency dropped over 6%. Thi massive spike in volatility was likely caused by three major factors. The three catalysts for the abrupt downtrend were the recovery of the dollar, the decline in gold price as Pfizer announced that its COVID-19 vaccine trials are producing positive results, […]

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Don’t Fall For The Biggest Mistake In Bitcoin

Bitcoin is highly technically-secure as a protocol, meaning that there is only one reason why you’d ever lose your coins: human error. As with many things, people are the biggest security vulnerability in Bitcoin and, as we know, humans are far harder to fix than code. Two stories from last month showed how far we are from solving Bitcoin’s security challenge. At the beginning of October, federal prosecutors charged crypto trading platform BitMEX with facilitating unregistered trading violations. Two weeks later, one of the world’s largest crypto-fiat […]

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