Bitcoin 

Do Lawmakers Use AML as an Excuse to Centralize Crypto and Blockchain?

Cryptocurrencies came to life as a counterweight to the global financial restrictions that are powered by banks and regulators through the use of fiat. Therefore, it is fitting that Bitcoin (BTC) broke into the limelight in 2009 and raised a lot of controversies right form the start.  By design, all blockchain transactions are recorded on an immutable ledger. Therefore, even though it would take immense work, skilled auditors like Ernst & Young are able to find irregularities — as opposed to fiat, which it is claimed that 99.9% of money…

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Bitcoin 

Bakkt Plans to Roll Out Cash-Settled Bitcoin Futures Contract

Bitcoin (BTC) futures trading on the Intercontinental Exchange (ICE)’s Bakkt platform will expand to include a cash-settled option, COO Adam White has revealed. Speaking at the Invest: NYC conference on Nov. 12, White reportedly stated that Bakkt “has the intention of offering a cash-settled contract as well” as its existing Bitcoin-settled product.  Customer demand spurring product development According to unnamed sources reportedly familiar with the roadmap, the cash-settled monthly Bitcoin futures will be offered via ICE’s Singapore-based clearinghouse, ICE Clear Singapore, and traded on the ICE Futures Singapore exchange. The…

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Bitcoin 

Grin Receives Anonymous 50 BTC Donation, Sparking Satoshi Rumors

Privacy-centric coin Grin received an anonymous 50 Bitcoin (BTC) donation to its General Fund on Nov. 11, sparking a bizarre rumor that the generous soul behind it was Satoshi. The donation, announced the same day by Grin on Twitter, was made via crypto exchange Coinbase by a donor who expressly wished to remain anonymous, according to a Nov. 11 forum post by Grin dev Daniel Lehnberg.  “Work freely” without dependency Lehnberg has revealed that he briefly interacted with the donor. While upholding his/her/their desired anonymity, he nonetheless shared some of…

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Bitcoin 

Bitcoin Price Stays Static at $8,800 as NEO, BNB Steal the Limelight

Bitcoin price (BTC) continued its daily trading pattern on Nov. 13, hovering just under $8,800 after losing support at $9,000.  Cryptocurrency market daily overview. Source: Coin360 Bitcoin tracks sideways below $9K Data from Coin360 showed another lackluster day for BTC/USD, with little progress over the past 12 or 24 hours.  The week had begun with Bitcoin losing its foothold higher up, exiting a trading corridor between $9,000 and $9,500 and so far failing to reclaim it.  Bitcoin seven-day price chart. Source: Coin360 As Cointelegraph reported, analysts had remained broadly bullish…

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Bitcoin 

Lightning Network Will Drive Bitcoin to $250,000 by 2023 — Tim Draper

Bitcoin (BTC) could be worth millions of dollars after 2022 as payment processors allow easier transactions, Tim Draper has forecast.  Speaking during a Q&A session at the Malta AI & Blockchain Summit last week, the pro-cryptocurrency venture capitalist said innovations such as the Lightning Network would be key in propelling the Bitcoin price higher.  Draper: 4 years until $250,000 BTC Doubling down on previous claims, Draper added he still believed BTC/USD would hit $250,000 by 2022 or 2023.  “I think Bitcoin payment processors are really going to open the floodgates,”…

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Bitcoin 

65,000 Swiss Retailers Will Soon Be Able to Accept Bitcoin

Swiss crypto broker Bitcoin Suisse is partnering with European payment and transaction services provider Worldline to boost crypto payment acceptance in the country. The firms have signed a letter of intent for a partnership to provide crypto payment services to Swiss merchants and consumers in-store and online, Switzerland Global Enterprise reported on Nov. 11. 65,000 merchants across Switzerland The new system will be available for the 65,000 Swiss merchants currently using Wordline’s nationwide payments infrastructure, dubbed SIX Payment Services.  Augmented with cryptocurrency payment capabilities, the traditional network will thus be…

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Blockchain 

Ethereum’s Hearthstone Rival Sets Volume Record After Blizzard Scandal

Ethereum (ETH) based trading card game Gods Unchained has far outstripped CryptoKitties by volume after a censorship scandal involving game-developer Blizzard. As blockchain research platform Coin Metrics noted on Nov. 12, the past month has seen activity explode for the game, with interest dwarfing that of CryptoKitties at its 2017 peak. Data: Gods Unchained volume five times higher In terms of daily transfers of its non-fungible tokens (NFTs), Gods Unchained was recording almost 500,000 such transfers per day at the end of last week. By contrast, even at the height…

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Bitcoin 

DigitalX Launches Bitcoin Fund Seeded With $1.9M in BTC

Australian crypto firm DigitalX Ltd. is launching a Bitcoin (BTC) fund, seeded with roughly $1.9 million of its own holdings in cryptocurrency. According to a news release published on Nov. 13, the new fund is offered through an unlisted fund structure to enable investors like family offices and high net worth individuals to gain exposure to the coin via a familiar vehicle.  Seeded with 215 Bitcoin — roughly $1.9 mln DigitalX has reportedly been involved in the Bitcoin space since 2014, beginning with mining before evolving to offer trading and…

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Blockchain 

With New Crypto Hardware Wallet, Evercoin Takes Aim at Trezor and Ledger

Evercoin announced the launch of Evercoin 2 today, Nov. 12, at New York Consensus Invest Summit. Evercoin claims that its new wallet is the safest hardware wallet currently on the market, providing users with an end-to-end encrypted ownership solution for cryptocurrency storage.  Powered by YubiKey 5ci —  a security key designed to deliver strong hardware-backed authentication for iPhones and other devices — Evercoin 2 contains a hardware wallet no bigger than a house key. This is the first hardware wallet to use YubiKey 5ci for iPhone and USB-C for android…

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Blockchain 

New Product Specialist Joins Fidelity to Focus on Crypto Strategy

Fidelity Investments has hired Michael Zinaman as its product specialist to further develop a range of products in the company. Fidelity’s strategy on cryptocurrencies On Nov. 12, the Block reported that Michael Zinaman had joined financial services company Fidelity Investments. Zinaman will reportedly oversee the company’s strategy on cryptocurrencies, custody and execution services. Zinaman started his new position as product specialist at Fidelity just over a month ago, where he was hired to focus on the company’s cryptocurrency strategy, according to a source with knowledge of the matter. His LinkedIn…

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