Monthly Archives: November 2020

Millionaires FOMO: 73% Will Own Bitcoin by 2022, Survey

Hundreds of millionaires have revealed in a new survey that they have either already invested in bitcoin or are planning to invest in the cryptocurrency in the next couple of years. Millionaires Don’t Want to Miss Out on Bitcoin A new global poll by Devere Group shows that 73% of millionaires will invest in cryptocurrencies, such as bitcoin, ethereum and XRP, before the end of 2022 or are already investing in them. The findings came as the price of bitcoin rallied past $18,000. Devere Group is a […]

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BoE policymaker says digital currencies could be part of ‘new monetary order’

BoE policymaker Andy Haldane believes a widely-used digital currency could have a positive impact on financial stability. The Bank of England, or BoE, is broadening its assessment of digital currencies, including evaluating how these assets could form the basis of a “new monetary order.” Andy Haldane, the Bank’s chief economist and sitting member of the Monetary Policy Committee, gave a speech on Wednesday at the TheCityUK 10th Anniversary Conference. The 19-page transcript, titled “Seizing the Opportunities from Digital Finance,” delves into various topics related to digital currencies and […]

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Thai music festival to use its own token for a cashless event

Major music festival in Thailand is adopting blockchain for safer and smoother payments. Despite the ongoing COVID-19 pandemic, some global events have chosen to move forward as planned. Instead of canceling, they are working to limit close contact between attendees through the introduction of new technologies. One such solution involves a cashless payment system powered by blockchain. Mystic Valley, one the largest music festivals in Thailand, will be issuing its own token for cashless payments during its upcoming three-day event. According to a Nov. 19 announcement, Mystic […]

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Bitcoin rebounds to $18K after crucial support level holds — What’s next?

Bitcoin price has impressively held the $17,200 support level putting its all-time high once again within reach. Bitcoin (BTC) has seen a tremendous run, particularly since September, with BTC price surging from $10,500 to $18,400 — a rally of 75% in less than three months. What’s more, since March, BTC/USD has gained almost 400%, making it the best-performing asset of 2020 and likely catching many investors completely by surprise. Let’s take a look at the charts to see whether the current rally is sustainable and if a […]

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DeFi is coming to Qtum on Friday

Qtum is “one step closer” to realizing its DeFi ambitions. Long-standing smart-contract platform Qtum will be home to a new decentralized exchange on Friday after QiSwap, an independent liquidity protocol, completed its testnet phase.  Qtum indicated in a recent press release that the integration of QiSwap has moved the platform “one step closer to realizing its decentralized finance ambitions.” The launch of the QiSwap mainnet on Friday will allow anyone to build decentralized finance applications and provide liquidity on top of the Qtum blockchain. QiSwap is a decentralized […]

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Bitcoin price drop in 3, 2…1? Fear and Greed Index nears dangerous record high

A Bitcoin price reversal may be incoming if the historically accurate metric calls the top like in 2019. Bitcoin (BTC) is all but guaranteed a price drop if one sentiment metric is right about the state of the market.  On Nov. 19, with BTC/USD lingering at $17,500, the Crypto Fear & Greed Index hit 94, nearly matching its all-time high of 95 points out of 100 on June 26, 2019. Fear & Greed Index. Source: Cointelegraph Markets, Digital Assets Data Fear & Greed hits “greediest” in 17 months […]

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Matic becomes the first outside Ethereum to launch native Chainlink feeds

Five price feeds will be directly published on Matic mainnet. Matic Network, a smart contract platform acting as both a layer one and layer two for Ethereum, announced on Thursday the full launch of five Chainlink (LINK) price feeds that are set to power its ecosystem. Though there are many promised or existing Chainlink integrations outside of Ethereum, the majority of them are still in development or are indirectly using Ethereum feeds. Matic now features five price feeds: MATIC/USD, USDC/USD, ETH/USD, USDT/USD, and DAI/USD, promising that more […]

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Dress to impress: Crypto payments set for mainstream via compliance

Regulatory compliance is crucial for firms hoping to drive mainstream crypto adoption no matter which part of the world they operate in. Mainstream interest for cryptocurrency is becoming ever-apparent as major online payment systems such as PayPal begin to offer support for digital currencies. While a revolutionary step for both the crypto and traditional finance spaces, meeting regulatory requirements is crucial in order for such companies to support cryptocurrencies.  This year, PayPal secured the first conditional cryptocurrency license from the New York State Department of Financial Services, […]

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Arizona State University adopts blockchain-based app to track COVID-19

Universities have been in the headlines for all the wrong reasons during the COVID-19 pandemic, but some, at least, are choosing their test-and-trace technology wisely. Open The New York Times’s rolling survey of coronavirus cases on United States college campuses and the picture looks bleak: as of Nov. 5, over 252,00 cases had been confirmed across 1,600 colleges nationwide.  The spread of infection, combined with an at best incompetent, and at worst, cynical and exploitative policy towards college students and staff has resulted in university communities facing stringent […]

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New Dutch Law: Clients Must Explain Why They Want To Buy Bitcoin

Netherlands-based crypto exchanges are now required by law to get additional information from clients regarding their bitcoin addresses. As part of the new requirements, which went into effect on Nov. 17, clients must now furnish exchanges with reasons why they wish to buy bitcoin. They will also need to inform the exchange officials of the kind of wallet they use. Additional Requirements The new Dutch regulatory changes have gone into effect despite protestations by some of the country’s crypto exchanges. The Dutch Central Bank (DNB), which is […]

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