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Former Fed Chairwoman And Bitcoin Bear Janet Yellen Nominated For Treasury Secretary

Former Fed Chairwoman And Bitcoin Bear Janet Yellen Nominated For Treasury Secretary

November 24, 2020 , , , , , , , , Eddy 0

President-elect Joe Biden has picked the former US Federal Reserve Chair Janet L. Yellen as the next Treasury secretary. The cryptocurrency community has shown skepticism regarding the potential effects on Bitcoin, as Yellen has historically displayed negativism on BTC. Biden Nominates Yellen For Treasury Secretary As firstly reported by The Wall Street Journal, the US […]

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Gnosis Launches World’s First Prediction Market for Decentralized Governance

Gnosis Launches World’s First Prediction Market for Decentralized Governance

November 24, 2020 , , Eddy 0

One of the earliest builders on the Ethereum network, Gnosis, announced the launch of the cryptocurrency industry’s first decentralized prediction market-driven collective — GnosisDAO. Prediction Market for DeFi Governance Traditionally, a prediction market is a form of exchange-traded markets where a group of people predict the outcomes of a variety of events and bet on […]

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XLM Skyrockets To A Two-Year High As Stellar Announced Major Protocol Upgrade

XLM Skyrockets To A Two-Year High As Stellar Announced Major Protocol Upgrade

November 24, 2020 , , , , , , Eddy 0

Stellar, the popular blockchain project enabling cross-border transactions between various currency pairs, announced a significant protocol upgrade yesterday. Apart from providing new features, the native cryptocurrency XLM has reacted with a massive price boost a day later. Protocol 15 Upgrade On The Stellar Blockchain The Stellar network connects banks, payment systems, and customers to facilitate […]

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Bithumb Temporarily Shuts Down Some Offices As Korea Faces Another Possible COVID-19 Outbreak

November 24, 2020 , , , Eddy 0

South Korea’s largest cryptocurrency exchange Bithumb announced today that it is shutting down its offline offices as Korea struggles with a renewed coronavirus outbreak. Bithumb Suspending Offline Support Since the start of November, the country has been recording increased daily cases of COVID-19, with the number tripling in the last nine days. This has raised […]

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Bitcoin Spikes $1K In Hours To New 2020 High: Only 5% From 2017 All-Time High

Bitcoin Spikes $1K In Hours To New 2020 High: Only 5% From 2017 All-Time High

November 24, 2020 , , , , , , , , Eddy 0

Bitcoin reminded everyone of itself, following a few days of relative stability where altcoins had the chance to catch up, which they did splendidly. Today, however, the cryptocurrency saw massive volatility. Within the same daily candle, BTC reached an intraday low of around $18,000 only to surge hours later and break $19,000. Seconds ago, the […]

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Ethereum 2.0 All Set For December 1st Launch As ETH Rallies Past $600

November 24, 2020 , , , , , , , Eddy 0

The much-anticipated upgrade of Ethereum from version 1 to version 2.0 will finally happen on December 1. This confirmation comes after the deposit contract fulfilled its ETH staking objective. ETH prices responded to the development by blasting past the $600 level. Ethereum 2.0 Deposit Contract Fulfils Staking Objective The Ethereum 2.0 deposit contract has met […]

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XRP Explodes 50% to Head the Altseason While Bitcoin Price Rests (Market Watch)

XRP Explodes 50% to Head the Altseason While Bitcoin Price Rests (Market Watch)

November 24, 2020 , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , Eddy 0

While Bitcoin struggles beneath $18,500, most altcoins have been exploding in value. Ripple has led the charge with massive double-digit gains to new highs. Ultimately, BTC’s dominance has shrunk in the past few days by 8%. Smells Like An Altseason The alternative coin market has been exploding lately. The situation has only intensified in the […]

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Chainalysis Receives $100 Million in Funding At $1 Billion Valuation

Chainalysis Receives $100 Million in Funding At $1 Billion Valuation

November 24, 2020 , , , , , , Eddy 0

Blockchain forensics firm Chainalysis announced today that it had raised $100 million in investments to expand the scale of its operations. This would be Chainalysis’ third round of funding in 6 years since its launch. Now, the company has achieved a valuation of over $1 billion. Addition Leads Chainalysis’ Latest Funding Round This Series C […]

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PayPal CEO: 28 Million Merchants Will be Able to Use Cryptocurrency for Transactions in 2021

November 23, 2020 , , , , , , , , , Eddy 0

It is now a well-known fact that payments giant PayPal is knee-deep in the Bitcoin market. In today’s interview with CNBC, CEO Dan Schulman explained his rationale behind the world’s top cryptocurrency value. He also elucidated on why his company is placing giant buying bets on BTC. The Utility Surrounding Bitcoin And Cryptocurrencies Is What […]

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Inevitable: Ethereum Classic’s Latest Hard Fork Called Thanos Scheduled for November 29th

November 23, 2020 , , , , Eddy 0

Less than two months after its latest network upgrade, Ethereum Classic plans to undergo another one on November 29th. Dubbed Thanos, the new hard fork will enhance security while maintaining its compatibility with Ethereum. Thanos Is An Inevitable ETC Network Upgrade The Ethereum Classic team would like to quickly forget the summer of 2020. In […]

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