Canadian holding company dumped XMR and ETH to fund its acquisition. Cypherpunk Holdings (CSE:HODL), a privacy-focused Canadian investment company, has upped its stake in Bitcoin (BTC).  The company disclosed Thursday that it has added 72.979 BTC to its reserves since June 30, 2020. Cypherpunk funded the acquisition by liquidating its holdings of Monero (XMR) and Ethereum (ETH), as well as through partial proceeds from a private placement of $505,000 CAD, or $388,000 U.S., closed on Aug. 27. With the purchase, Cypherpunk now has 276.479 BTC in its […]

Experts explain how to address common questions newcomers may have regarding bitcoin and the blockchain space. With Bitcoin’s (BTC) recent price movements drawing fresh attention to the blockchain industry, conversations centered around cryptocurrency have once again begun to see an uptick. Google Trends data shows that searches for the term “Bitcoin” have increased to yearly highs following the asset’s rally above $19,000.  Given the current circumstances, discussion centered around Bitcoin, general questions about blockchain and cryptocurrencies may come up at the Thanksgiving table. Yet while the crypto community […]

Bitcoin price fell short of reaching $20,000, but record high open interest on BTC futures shows pros are still bullish. Bitcoin (BTC) price failed to blast through the $20,000 level this week but multiple records related to volume and open interest were made on the way up to $19,484. One notable achievement was the open interest on aggregated futures contracts reached $7.4 billion at derivatives exchanges.  BTC futures aggregate open interest. Source: Skew As depicted above, there has been a 110% increase over the past 6 months, […]

The CEO thinks his company will be just fine, even in this hypothetical scenario. Ripple CEO Brad Garlinghouse believes his company can still thrive under a hypothetical scenario where XRP is declared a security by U.S. lawmakers.  Appearing on episode 439 of the Pomp Podcast, Garlinghouse talked about the implications of XRP being declared a security by the U.S. Securities and Exchange Commission, or SEC. He said such a position would run contrary to the prevailing view among G20 markets. While acknowledging that “it’s very hard to […]

DAI reached a price of $1.3 on Uniswap and Coinbase, the two exchanges used by Compound’s oracles. The crypto market suffered a powerful crash on Thursday morning UTC, which sent prices of major currencies like Bitcoin (BTC) and Ether (ETH) tumbling in excess of 10%. When traders rush for the exits, the price of stablecoins generally increase as the demand for stability rises. In today’s crash, however, the effect became particularly pronounced on Dai (DAI), which briefly traded for $1.3 between 7 and 8 AM UTC. Dai/USD […]

Bitcoin price cycles may not be as consistent as some believe, according to two industry CEOs. Launched nearly 12 years ago, Bitcoin (BTC) is known for its often volatile market cycles. Though some feel that Bitcoin’s position as a store of value keeps these cycles fairly consistent, Rob Viglione, co-founder and CEO of Horizen, disagrees. “The only consistent thing about Bitcoin and crypto markets is a large degree of uncertainty,” Viglione told Cointelegraph. “We’re witnessing, in real-time, the birth of an industry, the birth of a new […]

Ethereum 2.0 is no longer about just the potential to bring Ethereum to a much more diverse audience than ever before. On June 19, 2020, Ethereum increased its gas limit by 25% from 10 million to 12.5 million. In no less than two days, this newfound capacity was used up, bringing the block use right back to 100%. This cat-and-mouse game between a higher gas limit and a surge in use has occurred the last three times Ethereum has raised its gas limit. There is evidently a […]