‘Bond King’ Jeffrey Gundlach: stock market will collapse pretty hard, Bitcoin good hedge from inflation
Doubleline Capital CEO, billionaire “king of bonds” Jeffrey Gundlach, predicted that the stock market “will crack pretty hard”. While he is bearish on the stock market and long-term bonds, Gundlach says bitcoin and gold are good for … read more.
Every large bank will have exposure to Bitcoin, says Bill Miller, a well-known fund manager
Veteran investor Bill Miller says that all major banks, investment banks, and high net worth companies will eventually have some exposure to bitcoin or something similar. He said bitcoin’s staying power is improving every day. Bill Miller … read more.
JPMorgan’s analysis shows that institutional investors are switching from gold to Bitcoin ETFs
JPMorgan highlighted evidence of institutional demand for bitcoin and investors moving from gold-traded funds (ETFs) to cryptocurrency. The firm points out that the demand for bitcoin is driven not only by young retail investors, but also by institutional investors, … read more.
$ 100K Bitcoin: S2F author trusts his model, suggests six-digit BTC price by 2021
Not long ago, the author of bitcoin’s controversial stock-to-flow (S2FX) pricing model claimed that the model was “perfectly on track”. On Sunday 8th November, the creator of S2FX known as “Plan B” reaffirmed his faith in the model and … read more.
Former Microsoft engineer for serving 9 years in prison in a case involving the use of Bitcoin mixers
A US court in Seattle sentenced a former Microsoft engineer to 9 years in prison after finding him guilty of 18 federal crimes related to his elaborate plan to defraud the $ 10 million tech giant. In passing the judgment, … read more.
Billionaire Stanley Druckenmiller owns Bitcoin, sees interesting value store that could beat gold
Billionaire investor Stanley Druckenmiller revealed that he owns bitcoin, calling it an asset class that has a lot of attraction as a store of value and could be better than gold. Stan Druckenmiller owns Bitcoin Stanley Druckenmiller revealed on … read more.
Uneven processing power: Bitcoin’s hashrate gains 45% in one day, then loses 41 Exahash
Seven days ago, Bitcoin’s network difficulty saw the biggest drop in nine years as it fell by more than 16% last week. Similar to the price of the crypto asset, the hashrate has been extremely volatile according to statistics. After dropping to 111 exahash … read more.
Major Chinese bank selling $ 3 billion worth of bonds per Bitcoin
China Construction Bank, one of the “big four banks” in China, sells $ 3 billion bonds that can be paid for with bitcoin. The bonds will be listed on a regulated Malaysian digital stock exchange. China Construction Bank based in Beijing … read more.
Ethereum suffers from an unintended “split of the chain”, third party services got stuck on the minority chain
According to a number of third-party infrastructure providers, the Ethereum blockchain suffered an unintended hard fork or chain split on Wednesday. Service providers Infura, Binance, and Blockchair have all reported issues with consensus at block height 11,234,873. Cryptocurrency … read more.
Hackers stole $ 100 million from Defi projects this year
According to a new report, hackers have so far stolen $ 100 million from decentralized finance projects (Defi) this year. Defi accounted for 50% of all hacks and thefts in the second half of the year. Defi Hacks on the Rise … read more.
Televend’s complex Telegram drug robot system swelled as German police seized 9 Telegram drug channels
In the past few months since the departure of the infamous Empire darknet market (DNM), a large number of DNM users have flocked to alternative providers. More recently, a new bot service on Telegram called Televend has attracted … read more.
Report: Blockchain Price Oracle Manipulation produces millions of losses, shows no signs of slowing
On November 9, a writer on the samczsun.com website published a report showing a number of problems with the manipulation of the price oracle resulting from certain blockchain applications. The researcher notes that the oracle’s manipulation of prices resulted in “over $ 30 … read more.
A new Bitcoin mining pool claims to have tools to censor Blockchain transactions
A blockchain and technology company says its new bitcoin mining pool is integrated with tools that allow the pool to censor transactions in the blocks they mine. According to a statement released by DMG, the parent company in Blockseer … read more.
The ‘Cancel Button’ wallet tool offers users the ability to reverse Ethereum transactions
On Thursday November 12, 2020, blockchain company Kirobo launched a tool that allows users to reverse ethereum transactions. Similar to the RBF (replace-by-fee) protocol used by bitcoin users, ethereum transactions can also be canceled with Kirobo’s “Cancel button” … read more.
Paypal opens crypto services to millions of eligible account holders in the United States
Payment processing giant Paypal announced Thursday that “all eligible Paypal account holders in the US can now buy, hold and sell cryptocurrency directly with Paypal.” The news follows the company’s announcement to support crypto assets at the end of … read more.
Chainalysis launches a program to store and sell seized crypto assets for governments
Blockchain intelligence and surveillance firm Chainalysis has revealed the launch of a new program that aims to help governments and bankruptcy traders sell seized cryptocurrencies. The news follows the recent seizure by the US government of over 69,000 BTC worth over … read more.
Russia proposes new rules and sanctions for cryptocurrency owners
The Russian Ministry of Finance has developed new amendments to the country’s cryptocurrency regulation. The proposal outlines a new set of rules for cryptocurrency owners, exchanges and miners, as well as penalties for undeclared crypto transactions. The new Russian regulation on cryptocurrencies … read more.
Printing $ 1.7 Trillion for Climate Change: How Joe Biden’s Administration Aims to Promote the “Green New Deal”
In 2020, the US Federal Reserve injected a huge amount of special interest US dollars into the banking sector in order to combat the economic effects of the coronavirus outbreak. This week the central bank released its … read more.
Resurrection of S9: higher bitcoin prices allow miners to reactivate outdated mining rigs
With bitcoin prices hovering around a certain handle, a large number of old ASIC mining rigs produced years ago are starting to become profitable again. Reports indicate that in China, where the average cost of electricity is around $ 0.06 per kilowatt hour … read more.
Hedge fund manager Brian Kelly says rising institutional interest in Bitcoin has dropped to its fixed supply
Hedge fund manager Brian Kelly says the growing number of institutional investors owning bitcoin is due to the digital currency’s fundamental value proposition: a fixed coin offering. On the other hand, the same interest of institutional investors is helping to build … read more.
Largest Bank in Belarus Launches Cryptocurrency Exchange Service
The largest bank in Belarus, Belarusbank, has reportedly started providing a cryptocurrency exchange service, allowing customers to buy bitcoins using Visa cards. Belarusbank’s new cryptocurrency exchange service is in partnership with bitcoin exchange service provider Whitebird, several local news outlets …