Monthly Archives: December 2021

Bitcoin Unbound: When Freedom Money Is Used For Hate

Bitcoin’s technological innovation is available for anyone to use, even bigots; but this shouldn’t sully the entire network’s reputation. The Southern Poverty Law Center (SPLC) issued a new report on the use of bitcoin and other cryptocurrencies by white supremacists and far-right extremists. In the report, Megan Squire, senior fellow for data analytics, and senior investigative reporter Michael Edison Hayden, link 600 addresses to white supremacists, estimating they hold “tens of millions of dollars” worth of value. Kevin Collier and Brandy Zadrozny, writing for NBC News, then […]

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Look out below! Analysts eye $40K Bitcoin price after today’s dip to $45.7K

BTC price slumped to an intraday low at $45,672 and analysts say a classic technical analysis pattern and on-chain data point toward a strong flush down to $40,000. On Monday, Bitcoin’s short-term outlook worsened after the price fell to an intra-day low at $45,672, a far cry from the weekend’s promising rally above the $50,000 level.  With the year nearly complete, and all-time highs nearly 33% away, traders are most likely readjusting their expectations and pushing the $100,000 BTC target a bit further into 2022. Daily cryptocurrency […]

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Robinhood Turns to Chainalysis to Boost Compliance Ahead of Crypto Wallet Launch

Popular trading platform Robinhood has partnered with blockchain data platform Chainalysis to meet compliance requirements. Robinhood is preparing to launch its wallet, which has a waitlist of more than 1.6 million users. Robinhood Partners With Chainalysis for Compliance Blockchain data analytics firm Chainalysis announced Monday “an integrated partnership with online brokerage app Robinhood Crypto.” The company explained: Robinhood will leverage Chainalysis data and tools to meet compliance requirements and provide Robinhood customers with the confidence they need to trade cryptocurrency safely. Robinhood Crypto will adopt Chainalysis KYT […]

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The First of Its Kind Metachain Project, ShuttleOne Joins Tezos Protocol

PRESS RELEASE. ShuttleOne, the latest project to embrace Tezos, to soon drive adoption and liquidity while resolving blockchain fragmentation. Singapore: Tezos, the highly scalable, self-amending proof of stake blockchain protocol is opening its arms to ShuttleOne – a one of its kind Metachain solution aimed at addressing the fragmentation issues in the crypto industry. The adoption of Tezos by ShuttleOne is marked by the upcoming launch of its native $SZO token on Tezos over Instaraise IDO platform. ShuttleOne, the operating system for blockchain-based financial applications offers innovative […]

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Robinhood To Add Bitcoin Gifting Feature: Report

Hidden code in the app’s beta version hinted at the new development, according to a Bloomberg report. Financial services platform Robinhood is working on a new feature to let its users send bitcoin to each other as a gift, code discovered in a beta version of its iPhone app showed, according to a report by Bloomberg. “The code indicates that the feature will allow the sending of cryptocurrency via digital gift cards that can be accompanied by messages up to 180 characters in length,” per the report. […]

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Adoption, Scarcity to Fuel a Bitcoin Run to $100K: Report

A recent Bloomberg Intelligence report says that Bitcoin is in a consolidating bull market and well on its way to $100,000. Despite having fallen by nearly 30% since its November all-time high, Bitcoin is in a consolidating bull market and on its way to $100,000, according to a Bloomberg Intelligence report. The paper said it is unlikely that BTC’s bull run has come to a halt and predicts the fixed supply to sustain increasing prices. “The key question facing Bitcoin nearing the onset of 2022 is whether […]

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SEC chair’s regulatory agenda fails to include clarity on crypto, says Hester Peirce

“The Agenda — through its silence on crypto — signals that the market can expect continued questions around the application of our securities laws to this area of increasing investor interest,” said two SEC commissioners. Hester Peirce, a commissioner for the United States Securities and Exchange Commission known by many in the space as Crypto Mom, is pushing back against the regulatory body’s agenda for not including clarification on digital assets. In a Monday joint statement, Peirce and SEC Commissioner Elad Roisman said they were “disappointed” in […]

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Economist Mohamed El-Erian Says Fed’s Characterization of Inflation as ‘Transitory’ the ‘Worst Call in History’ 

On Monday, December 13, following Friday’s U.S. consumer price index report published by the Bureau of Labor Statistics, Americans are discussing the Federal Reserve. Thousands of tweets concerning the Federal Reserve topic have been trending on Twitter, as inflation has gripped the U.S. economy. Furthermore, Mohamed El-Erian, the chief economic advisor for the German multinational financial services company Allianz says the term “transitory” was the “worst inflation call in the history,” according to a recent interview. Allianz Chief Economic Advisor Says Calling Inflation ‘Transitory’ Was a Bad […]

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90% of Bitcoin’s Supply Cap Has Been Issued, Miners Have 119 Years Left to Mine BTC

On December 12, crypto advocates celebrated the fact that 90% of the 21 million bitcoins that will ever exist have been mined into circulation. Currently, Bitcoin’s inflation rate per annum is around 1.88%, which is lower than the central banks’ traditional 2% target reference. Furthermore, in 875 days, the network’s inflation rate is expected to drop to 1.1% after 19.98 million bitcoins have been mined. Programmatic Scarcity One benefit people enjoy about the Bitcoin network is that it is mathematical and predictable, in comparison to monetary systems […]

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German Savings Bank To Offer Bitcoin Trading: Report

The Sparkassen are centuries-old regional institutions with about 370 branches and 50 million customers. The market leaders among German financial institutions are reportedly working on a bitcoin trading feature, which could launch in 2022. The Sparkassen are centuries-old regional institutions with about 370 branches and 50 million customers. The offering would cut down intermediaries and enable Sparkasse customers to trade BTC from their checking accounts. Sparkasse, a German savings bank, is working to implement a bitcoin trading offering for its 50 million customers, according to a report […]

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