Monthly Archives: November 2020

Former Bank of Japan exec says Japan will need years to issue digital yen

A former Bank of Japan official is concerned about a digital yen triggering massive outflows from private bank deposits. Hiromi Yamaoka, former head of the payment and settlement systems department at the Bank of Japan, said that the country will likely need several years before it can issue a central bank digital currency. In a Nov. 17 Reuters interview, Yamaoka explained that the BoJ is concerned about a CBDC potentially triggering massive outflows from private bank deposits. Yamaoka, who now chairs a group of banks looking at […]

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Bitcoin analyst gives 4 reasons why BTC price will hit $22,000 next

Bitcoin price is on track to achieve $22,000 says one analyst, citing four main factors that could boost its momentum. Philip Swift, a Bitcoin (BTC) analyst and the creator of, laid out four reasons why BTC is headed to $22,000. Both fundamental and technical factors indicate the top cryptocurrency’s momentum is strengthening. The one-year HODL percentage, the decline of Bitcoin exchange reserves, neutral funding rates, and institutional accumulation point toward a prolonged BTC rally. Swift wrote: “1yr HODL % still really high? Yep. Bitcoin being rushed […]

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DeFi is here to stay despite signs of a bubble, says Binance CEO

Cryptocurrencies like Bitcoin are the best form of money, Binance’s CEO says. Changpeng Zhao, the CEO of the world’s largest cryptocurrency exchange Binance, said that decentralized finance is here to stay despite many DeFi projects showing signs of being in a bubble. In a Nov. 17 interview with Russia’s news agency RBC, Zhao argued that “a lot of DeFi projects are already in a bubble, and I also believe that there are some signs of a bubble in the DeFi industry, but this does not mean that […]

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Defi Protocol That Bragged About Having Flash Loan Attack Prevention Hacked for $6 Million

A decentralized finance (defi) protocol that bragged about having flash loan attack prevention has been exploited for $6 million in DAI, in a flash loan attack. Value Defi, a yield aggregating protocol, boasted of having the “highest security” in a Nov. 13 tweet that now appears to have been deleted. The protocol claimed that its technology was capable of preventing flash loan attacks. Hardly a day later, hackers plundered Value Defi’s multi-stablecoin vault of a total of $8 million of the stablecoin DAI. The attacker returned $2 […]

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Bitcoin price will hit $65K as network effect has ‘taken over’ — Mike Novogratz

A Twitter survey of whether Williams should buy Bitcoin attracts the likes of Elon Musk as bull run publicity mounts. Bitcoin (BTC) will hit $65,000 due to a combination of low supply and “tons of new buyers,” major investor Mike Novogratz says. In an increasingly popular Twitter debate on Nov. 17, Novogratz, who is well known for his prominent Bitcoin plugs, told actress Maisie Williams not to hesitate in buying the cryptocurrency. Novogratz on Bitcoin: Network effect has “taken over” Williams had released a poll asking Twitter […]

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Mike Novogratz’s Galaxy Digital to launch new Bitcoin fund in Canada

Galaxy Digital saw massive growth in its Bitcoin fund trading volumes in Q3 2020. Galaxy Digital, a cryptocurrency merchant bank founded by Mike Novogratz, is expanding its crypto offerings in Canada. According to a Nov. 16 announcement, Galaxy Digital has partnered with major Canadian investment company CI Global Asset Management to launch a public Bitcoin (BTC) fund in the country. The CI Galaxy Bitcoin Fund is a “closed-end investment fund” that aims to provide unitholders with exposure to Bitcoin. The fund will invest directly in Bitcoin using […]

More info Announces Partnership With Luxury Watchmaker Franck Muller

PRESS RELEASE. Saint Kitts, November 17, 2020—, the go-to web portal for everything bitcoin, announced the launch of a new Franck Muller luxury watch called “Free the Money, Free the World.” The watch is the first ever Bitcoin Cash (BCH) Franck Muller “Encrypto” brand timepiece. The new watch is a limited edition BCH wristwatch that will sell for 9,900 EUR per timepiece and only 500 will be made available. The “Free the Money, Free the World” Franck Muller luxury watch was designed by Tyler Gallagher of […]

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Median DeFi token return on par with Bitcoin this year

Analysis of 38 top DeFi assets reveals a median performance only 15% above Bitcoin. Despite a pull back from the meteoric bull market for decentralized finance, the average DeFi token return has vastly outperformed Bitcoin and Ethereum. The median performance is a different story however. On Nov. 17, pseudonymous crypto analyst ‘Ceteris Paribus’ shared data with his 12,000 followers compiling the YTD median and average performances of 40 top crypto assets, comprised of 38 top DeFi assets, Bitcoin (BTC) and Ether (ETH). Around 26 of the DeFi […]

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Uniswap’s liquidity plunges 40% in a day as incentives dry up

Almost 40% of liquidity on leading DEX Uniswap has left the platform with the end of UNI rewards for liquidity providers The total value of assets locked in leading decentralized exchange (DEX) Uniswap has plummeted by 38% in 24 hours amid the conclusion of its UNI liquidity rewards program on Nov. 17. Meanwhile “vampire” clone SushiSwap has doubled its TVL and is aggressively pursuing additional liquidity. As of this writing, Uniswap’s total value locked (TVL) is down a total of 43% since posting an all-time high of […]

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Scaramucci’s Billion-Dollar Mega Hedge Fund Skybridge ‘May Hold Positions’ in Bitcoin

In a filing registered with the U.S. Securities and Exchange Commission (SEC), the giant global investment firm Skybridge Capital explained that the fund Skybridge G II may invest in digital currencies like bitcoin. On November 13, the New York-based company with $7.7 billion assets under management (AUM) told the U.S. regulator that Skybridge investment funds “may hold long and short positions in digital assets.” Skybridge Capital, another well known wealth manager with over $7.7 billion AUM, told the SEC on Friday it may invest in digital assets […]

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