Monthly Archives: January 2021

Slot machine manufacturer gets patent for crypto payment options

Many gamblers may no longer need to use Bitcoin ATMs in casinos, as they could transfer their crypto directly to casino gaming accounts. The largest manufacturer of slot machines in the world has just received a patent that would allow customers to access crypto payments for gambling. According to records from the United States Patent and Trademark Office, International Game Technology, or IGT, received a patent today for a system that would enable gamblers to transfer crypto from their accounts into a “gaming establishment account.” The patent […]

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BIP 2021: Bitcoin’s Path Toward Reserve Currency Status Is Set

2020 was unforgettable, especially for Bitcoin. To help memorialize this year for our readers, we asked our network of contributors to reflect on Bitcoin’s price action, technological development, community growth and more in 2020, and to reflect on what all of this might mean for 2021. These writers responded with a collection of thoughtful and thought-provoking articles. Click here to read all of the stories from our End Of Year 2020 Series. The short, 12-year history of Bitcoin is filled with exciting times. From the immaculate conception […]

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Bitpay’s CCO says Bitcoin could hit $45K in a month, but there’s a catch

Will institutions hold Bitcoin for years as initially thought, or sell for a quick profit? An increasing number of mainstream giants have put their money into Bitcoin in recent months. While some speculate that these firms intend to hold their Bitcoin investments for years, Bitpay’s chief commercial officer isn’t so sure. He thinks that these companies may sell their holdings sooner than originally planned, if the price continues to move upward. “A lot of the institutional buyers bought in around $20,000, so that would be my floor […]

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The 2020 altcoin Hype-to-Activity index

Tracking the hype and price action of several of your favorite cryptocurrencies. Crypto fans love to defend their favorite assets. Just look at the XRP army and the LINK Marines. Does the hype expressed on Twitter match up with high trading activity though? A few altcoins throughout 2020 revealed mixed results. Using information from The Tie, a crypto data platform, Cointelegraph looked at assets’ Hype-To-Activity Ratios matched against their prices. “Hype-To-Activity Ratio measures the number of tweets a particular coin has per each $1M in reported trading […]

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Skybridge Bitcoin Fund Debuts With $310 Million — Investment Manager Expects Each BTC Worth $535K

Skybridge Bitcoin Fund’s assets under management have risen to $310 million. Expecting the cryptocurrency to become a digital replacement for gold, the firm reportedly values bitcoin at $535,000. Skybridge also predicts that bitcoin’s price will reach $100,000 this year. Skybridge Invests $310 Million in Bitcoin New York-headquartered Skybridge Capital is a global investment manager that provides investment solutions to individuals and institutions. Skybridge announced the launch of its bitcoin fund to outside investors on Monday after launching with $25.3 million of its own funds in December. The […]

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Hegic, Loopring, and FTX Token surge higher as Bitcoin price recovers

The tokens of protocols offering attractive trading products and services have benefited from the bullish sentiment surrounding Bitcoin’s rally to multi-year highs. Bitcoin price may have taken a temporary breather but the sharp correction below $30,000 did little to dismay the bullish sentiment of crypto market participants. The CME Bitcoin futures market reached an all-time high volume at $2.7 billion on Jan. 4 and the same day, LMAX Digital also achieved a record-high at $2.62 billion in traded volume. This huge surge in trading activity suggests institutional […]

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States sue the OCC and Brian Brooks for overriding their controls on predatory lending

More state regulators are gunning for the OCC and Brian Brooks, this time over usury laws and predatory lending. Eight states and the District of Columbia are suing the national bank regulator over a rule change that just came into effect. Per a Jan. 5 filing, New York’s attorney general is leading the charge against the Office of the Comptroller of the Currency and current Acting Comptroller Brian Brooks.  Back in October, the OCC laid out its “True Lender” rule, which took effect at the end of […]

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Who said you can’t spend crypto? Redditor sells free Moon tokens to pay rent

This Reddit user has found a unique way to make ends meet during the pandemic. A Reddit user by the name of “satoshinakamoto7” claims to have used their free MOON tokens to pay this month’s rent, offering another sign that cryptocurrencies are beginning to add real value to people’s lives.  In a post that appeared on Tuesday, satoshinakamoto7 said they had burned through all of their cash savings and gold during the pandemic after being without a job for ten months. That’s when they remembered that they […]

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5 reasons why Bitcoin price just reclaimed $33,000

Despite this week’s sharp Bitcoin price correction, BTC derivatives data and dip-buying bulls show the current rally remains intact. Two weeks ago, few investors would have expected Bitcoin (BTC) price to rally any higher than $20,000. In fact, most had forecast a $30,000 BTC price by mid-2022 or late 2023 at best.  This means that many holders were likely caught by surprise as BTC price surged to $34,800 just 17 days after crossing the $20,000 mark. Generally, analysts expect a sharp correction to follow Bitcoin’s 150% gain since […]

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XRP whales are sinking fast

The number of XRP addresses holding at least 1 million tokens has declined sharply over the past two weeks. Wallets holding oversized XRP positions are plunging quickly in the wake of the United States Securities and Exchange Commission’s lawsuit against Ripple. Industry data reveals just how quickly these so-called XRP whales are sinking.  Coin Metrics, a leading data provider on all things cryptocurrency and blockchain, estimated that the number of wallet addresses holding at least 1 million XRP has dropped to 1,567 from 1,721 between Dec. 21, […]

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