Monthly Archives: November 2020

As Red And Blue Debate, Green Printer And Orange Coin Always Win

The nation and world are on the brink, awaiting official Electoral College votes to be cast on December 14, despite convincing conjectural consensus on the champion. But either way, 2020’s highly-contested U.S. presidential election reminds us that much of the country is either rabidly red or batty blue. This has resulted in a magnitude of red vs. blue conflict the likes of which we have rarely seen before. The purported stark contrasts between both sides, however, ring empty in regards to the monetary policies these two parties […]

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COVID-19 popularized decentralization, but blockchain may not catch on

Some predicted the pandemic would provide the “perfect storm” for blockchain adoption. Did they overpromise? On Nov. 9, drugmaker Pfizer announced that its COVID-19 vaccine is 90-plus percent effective, and even though it may be premature to proclaim the pandemic’s end — as the virus continues to rage in the United States and Europe — once can at least speculate: Where will blockchain adoption stand when the crisis abates? Some predicted, after all, that the global healthcare upheaval might provide a perfect storm for worldwide blockchain adoption. A […]

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Another mainstream company is seeking approval to invest in crypto

Anthony Scaramucci’s investment firm, SkyBridge, seeks approval from the SEC to invest in crypto. Investment firm SkyBridge, founded by former Goldman Sachs’ vice president Anthony Scaramucci, is one of the latest companies looking to invest in cryptocurrency. The company is putting together a hedge fund that includes Bitcoin (BTC) investment, according to a United States Securities and Exchange Commission, or SEC, filing from Friday. The prospectus details: “The Company may seek to gain investment exposure to certain Investment Funds or Investment Managers which may enter into derivative […]

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Poolin Launches Initiative To Activate Taproot, Encouraging Other Mining Pools To Join

Top 2 Bitcoin mining pool Poolin wants Taproot, and hopes other pools do too. Poolin, the Chinese mining pool that currently controls around 13 percent of all hash power on the Bitcoin network, is preparing for Taproot, the proposed protocol upgrade for which the code is included in the upcoming Bitcoin Core 0.21.0 release. Bitcoin’s second-largest mining pool (only topped by F2Pool, which controls around 17 percent of hash power) today launched a webpage to help inform mining pools on Taproot, and lets them indicate how they […]

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Big Tech Execs and Bitcoin: Skype Cofounder Keeps Personal Wealth in Crypto, Intercom Chairman ‘Firmly Jumps on the Bitcoin Wagon’

This week two well known tech executives revealed they have been dabbling in bitcoin and other cryptocurrencies. In a recent interview, Skype cofounder Jaan Tallinn detailed that he held bitcoin and ethereum in his personal finances, while the Intercom cofounder Eoghan McCabe tweeted on Sunday that he’s “jumped firmly onto the bitcoin wagon.” In 2020 a number of popular tech executives and CEOs from giant firms have revealed they hold a fascination for cryptocurrencies like bitcoin and ethereum. On Friday, the cofounder of the telecommunications application Skype […]

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Bitcoin price must break this level to extend 6-week winning streak

Bitcoin price may be nearing exhaustion after recording its sixth consecutive weekly green candle. Bitcoin price has been showing significant strength as Bitcoin (BTC) rallied by more than 60% in a matter of six weeks, surging from $10,000 to $16,500 and leaving many investors behind. These investors were waiting for the close of the CME gap at $9,600, which didn’t occur. However, can the markets expect a correction to happen, or is further strength likely for the markets? Bitcoin posts sixth consecutive green weekly candle BTC/USDT 1-day chart. […]

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$1T market cap is ‘next big resistance’ for Bitcoin — Bloomberg analyst

Bitcoin price has a clear run to an order of magnitude in gains, Mike McGlone argues as $16,000 is quickly reclaimed. Bitcoin (BTC) hitting its all-time highs of $20,000 again is not the end, but the start of its explosion to a $1 trillion asset, a senior Bloomberg analyst says. In a tweet on Nov. 16, as BTC/USD reclaimed $16,000, Mike McGlone, senior commodity strategist at Bloomberg Intelligence, delivered a fresh bullish forecast for the largest cryptocurrency. Bloomberg Intelligence: BTC will keep rising in 2021 Bitcoin saw […]

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Dash claims ‘inaccurate categorization’ as ShapeShift delists privacy coins

The delisting of Dash and Zcash has some wondering about the future of privacy coins on major exchanges. It shouldn’t come as a surprise that regulators are starting to pay close attention to cryptocurrencies this year. For instance, as the price of Bitcoin (BTC) continues to soar, it’s predicted that regulators will start taking direct action – possibly even banning Bitcoin completely.  While the ban may sound extreme, regulators have recently honed in on the use of privacy coins like Monero (XMR), Zcash (ZEC) and Dash. For example, […]

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Jay Clayton will step down as US SEC chair by year’s end

The chairman of the Securities and Exchange Commission is set to move on after three-and-a-half years in the role. Jay Clayton, who has served as the chairman of the United States Securities and Exchange Commission since May 2017, will be leaving the agency by the end of 2021. In its official news release, the agency noted that Clayton has been one of its longest-standing chairs. Crypto enthusiasts will likely be familiar with the agency’s work, whose activities have engaged some of the most controversial regulatory questions facing […]

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$3 billion blockchain bond sale delayed ‘until further notice’

It is not currently clear when or if China Construction bank’s debt issuance sale will be rescheduled. The listing of China Construction Bank’s blockchain-based debt issuance bonds has been delayed “at the request of the issuer” until further notice, according to a Nov. 13 statement from the Fusang exchange where they were due to be traded. A block-explorer scan of the smart-contract address associated with the sale shows no transactions, suggesting that the sale and issuance of the bonds has also been delayed. As Cointelegraph reported just […]

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