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After $750M Bitcoin Allocation, Ruffer Investment Says BTC is Early in Its Safe Haven Cycle

January 18, 2021 , , , , , , , , , Eddy 0

Amid the recent warnings issued by the UK Financial Conduct Authority on crypto scams, the giant asset manager Ruffer Investment has defended its decision to allocate about 2.5% of its portfolio in BTC. The UK-based company with over $27 billion AUM said that bitcoin’s adoption is still early as most investors are “desperate” for alternative […]

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Bitcoin Exchange Owner Sues Australian Banks For $290K For Accounts Closure

January 18, 2021 , , , , , , , Eddy 0

The legal battle comes as the Aussie man allegedly suffered significant losses in his crypto business after the banks, Westpac and ANZ, shut down his accounts, local media reported Monday. According to the proceedings filed at the ACT Civil and Administrative Tribunal, Allan Flynn alleged that the banks’ action was illegal as they closed his accounts […]

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45,000 Bitcoin Mining Rigs Confiscated by Iranian Authorities Amid Blackout Controversy

January 18, 2021 , , , , , , , , , Eddy 0

Iranian authorities have confiscated 45,000 bitcoin mining rigs that used subsidized electricity to mine the cryptocurrency. This is yet another considerable seizure in the Middle East country, which has experienced frequent blackouts that the government blamed on BTC mining. 45,000 BTC Mining Machines Confiscated In Iran Local media outlets reported that the police had seized […]

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DeFi Explosion: Binance DeFi Index Hits ATH as Total Value Locked Eyes $25 Billion

DeFi Explosion: Binance DeFi Index Hits ATH as Total Value Locked Eyes $25 Billion

January 18, 2021 , , , , , , , , , , , , , , , , , Eddy 0

The decentralized finance sector continues to grow with an impressive all-time high of over $24 billion locked. Additionally, the Binance DeFi Composite Index, measuring the performance of numerous DeFi coins, also marked a new ATH today. Binance DeFi Index To New Highs Launched in August 2020, the DeFi Composite Index tracks and measures the performance […]

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Retail Interest in Ethereum Skyrockets as Small ETH Addresses on the Rise

Retail Interest in Ethereum Skyrockets as Small ETH Addresses on the Rise

January 18, 2021 , , , , , , , Eddy 0

The interest in Ethereum from retail investors has skyrocketed in the past few weeks. Apart from the Google searches reaching all-time high levels beyond the 2017/2018 craze, the number of wallet addresses with relatively small ETH portions has seen new records as well. Google Trends Sees ATH For Ethereum Searches Google trends data is typically […]

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Chainlink Price Surges to All-Time High on Continuous DeFi Growth

Chainlink Price Surges to All-Time High on Continuous DeFi Growth

January 18, 2021 , , , , , , Eddy 0

Prices for Chainlink’s LINK token have skyrocketed over 19% in the past 24 hours propelling it to a new all-time high. From an intraday low of just below $20, LINK has surged to reach its highest ever price of $23.60 according to Tradingview.com. Chart – Tradingview.com @chainlink has solved the biggest challenge for the implementation […]

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Top 30 Cryptocurrencies Gained 300% on Average in 2020: Report

Top 30 Cryptocurrencies Gained 300% on Average in 2020: Report

January 17, 2021 , , , , , , , , , , , , Eddy 0

In its annual report on the developments within the cryptocurrency field, the popular monitoring resource CoinGecko asserted that the top 30 coins by market cap added on average 300% in 2020.  Moreover, the paper noted that the most widely-used stablecoins had neared $30 billion in circulation after a 440% surge. 2020: Best Price Performers CoinGecko’s […]

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Binance Coin Approaches ATH as 14th BNB Burn to Happen in 48 Hours

Binance Coin Approaches ATH as 14th BNB Burn to Happen in 48 Hours

January 17, 2021 , , , , , , , Eddy 0

The world’s leading cryptocurrency exchange token by means of market capitalization, Binance Coin, is approaching its ATH. This happens hours before the company goes on with its 14th scheduled BNB token burn. BNB Price Eyes ATH Binance Coin is the world’s leading cryptocurrency exchange token. Over the past 12 hours, BNB saw an impressive increase […]

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65% Say They Would Consider Selling Bitcoin If The Price Reaches $100,000

January 17, 2021 , , , , , , , , Eddy 0

The cryptocurrency market has enjoyed the past several months with impressive gains, including all-time highs for bitcoin and several more tokens. As such, a couple of crypto analysts initiated Twitter polls to ask the community when they plan to sell their positions and realize profits. How Much Would You Sell At The Next BTC Top […]

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China’s Blockchain Attempt BSN to Reportedly Integrate CBDCs This Year

January 17, 2021 , , , , , Eddy 0

China is preparing a consequent major take on blockchain adoption. The country is developing a new project aimed at integrating international central bank digital currencies (CBDC) as a part of their recent blockchain endeavor, the BSN. Building a Universal Digital Payment Network as part of 2021 Outlook The country’s national blockchain project, Blockchain Service Network […]

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