Bitcoin bulls buy BTC’s $35K support retest as altcoins push higher

Bitcoin’s lower support retest was bought up by bulls, preparing BTC for another push to $40,000. Calls for Bitcoin (BTC) to rally above $40,000 were dashed as the top cryptocurrency hit a wall of resistance which sparked a sell-off in the early trading hours.  Data from Cointelegraph Markets and TradingView show the price of BTC fell as low as $34,368 before rebounding to its current price of $37,300.

Cointelegraph Consulting: Institutions keep the Bitcoin bull market on track

Volatility and funding rates surge, but large BTC holders continue to accumulate. As the institutional investment narrative continues to play out, on-chain metrics show the continued accumulation of BTC in large addresses is still ongoing, with an increase of 9% during the previous 30 days alone.

Finance Redefined: If it ain’t broke, don’t fix it? Jan. 6–13

A DeFi dev’s vent highlights why traditional investment has its merits. Finance Redefined is Cointelegraph's newsletter focusing on the latest events and trends of DeFi, delivered to subscribers every Wednesday. This week I wanted to highlight Andre Cronje’s recent confession on Medium, which triggered a fair bit of discussion and quite a bit of salt from Uniswap team members.

CME's Bitcoin futures facilitated over 11 million BTC in volume last year

Last year was a volatile one for Bitcoin and other cryptocurrencies. The Chicago Mercantile Exchange, or CME, has recorded significant volume for its Bitcoin (BTC) futures trading product over the course of the last 12 months. “More than 2.2+ million contracts were traded in 2020,” a CME representative told Cointelegraph.

Crypto exchange owner gets 10 years in prison for aiding scammers

The operator of a Bulgarian crypto exchange has received a 10-year prison sentence for money laundering in connection with an Eastern European cybercrime syndicate. Rossen Iossifov, the convicted owner of the RG Coins crypto exchange platform has been sentenced to 10 years imprisonment for money laundering. As previously reported by Cointelegraph, a federal jury in Frankfort Kentucky found the Bulgarian national guilty of conspiracy to commit racketeering and money laundering back in Sep.

$2.2M Beeple NFT art drop to be tokenized in virtual music festival

The free festival will display the collection in several virtual metaverses and feature a live performance from DJ and producer 3LAU. Metapurse, a crypto and NFT fund financed by renowned NFT collector Metakovan and stewarded by Twobadour, recently announced that it had acquired all 20 of the 1/1 NFT artworks auctioned in December’s Beeple Everydays: The 2020 Collection. This in itself was a gargantuan undertaking, utilizing multiple accounts to put other bidders off the scent, costing around $2.2 million, and with no “Plan B” in case any of the artworks was won by somebody else. As Cointelegraph reported, the drop raised a total of $3.5 million, when open editions were also taken into account. Of course, one doesn’t spend $2.2 million on NFT art without a gameplan, and Metapurse spoke exclusively to Cointelegraph to explain what happens next. On Jan.

Bancor v2.1 report: Swap fees exceed impermanent loss insurance costs

Bancor’s approach to dealing with impermanent loss on decentralized exchanges might have significant implications for idle altcoin capital. Bancor has released a status report for its v2.1 decentralized exchange upgrade, covering the performance of its decentralized exchange over the last three months. According to the document, the total liquidity increased by almost 100%, resulting in the platform earning about $1.12 million in cumulative swap fees. Bancor’s report noted that the fee earnings were more than five times the cost required for impermanent loss compensation for liquidity providers. Indeed, impermanent loss management was a major focus of the v2.1 upgrade, as noted by Cointelegraph back in October 2020.

Cointelegraph predictions for the first 5 CBDCs of 2021-2022

2021 & 2022 touted to be the most important years for the development of CBDCs Central Bank Digital Currencies (CBDCs) have been an integral part of progressive discussions within the cryptocurrency community. CBD

Ethereum layer-two network to offer batched Tether payments

Hermez, an Ethereum scaling solution, has partnered with Tether to offer cheaper Tether transactions via zero-knowledge rollups. Popular stablecoin Tether (USDT) is the first token to go live on the Hermez layer-two network, the company announced on Monday. As part of the collaboration, batched USDT transactions will be possible once the Hermez network officially launches in early 2021. David Schwartz, project lead at Hermez told Cointelegraph: “Hermez network is run by permissionless coordinators who will decide the transactions included in each batch, based on incentives (fees).” Back in Dec.

IOTA blockchain used to track COVID-19 test results at Frankfurt Airport

Ubrich GmbH is providing a solution using IOTA to the Frankfurt Airport Corona Testing Center. Early on in the pandemic, the heightened need for various biosurveillance measures sparked interest in the relevance of privacy-enhancing technologies such as blockchain that could protect public health data amid the crisis.  An individual Twitter user claimed last week that Frankfurt Airport's Corona testing center appeared to be using IOTA blockchain technology to manage passengers' health stat, and this fact has now been confirmed to Cointelegraph by the technology provider. Ubirch, a blockchain-based cybersecurity technology provider based in Cologne and several other locations, has developed the IT infrastructure for a solution it calls the "Digital Corona Test Certificate." The solution supports verification of an individual's SARS-CoV-2 status while remaining compliant with European data protection standards under the GDPR framework.

BTC price eyes 30% correction: 5 things to watch in Bitcoin this week

A strengthening dollar combines with profit-taking by miners to create a "short-term bearish" environment for Bitcoin. Bitcoin (BTC) heads into a new week after another weekend of major volatility — but this time, the way was down, not up.  As the market loses $7,000 — the most since the “vertical” price rises began — Cointelegraph presents five things which could keep it moving in the coming days. BTC dip makes Guggenheim want to sell Top on the list of topics among Bitcoiners will be the cryptocurrency’s sudden fall over Saturday and Sunday.

South Korean gaming conglomerate Nexon denies plans to acquire Bithumb

Reports last week had claimed that Nexon was poised to acquire the exchange at an evaluated price of roughly $460 million. Major gaming conglomerate Nexon will not be acquiring leading South Korean crypto exchange Bithumb, as previously alleged in local media. In an email to Cointelegraph, a representative for Nexon said that the firm "has not invested in Bithumb and has no plans to acquire that company." The email clarified that claims to the contrary had resulted from "an inaccurate news account last week." "We cannot comment on the investment plans of other companies," the representative added. The prospective sale of the exchange has reportedly been on the agenda since late August 2020, with preliminary bidding ostensibly held in September. Yet the process, if underway, appears to be complicated by the ongoing police investigation involving Lee Jung Hoon, chairman of board at Bithumb Korea and Bithumb Holdings. A parallel investigation into a Bithumb executive over allegations of fraud has further raised a question mark over the exchange's prospects of securing a legally required registration as a crypto entity with the Korean authorities, as well as alleged plans to launch an initial public offering, reported in June 2020. Despite at least two police raids of the exchange's offices connected to these investigations, the exchange remains popular in the Korean crypto market and is currently the 6th largest platform in the industry worldwide by daily traded volume, according to CoinMarketCap data.

Bitcoin’s rollercoaster ride, Ether shines, XRP mystery: Hodler’s Digest, Jan. 3–9

The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — one week on Cointelegraph in one link! Coming every Saturday, Hodlers Digest will help you track every single important news story that happened this week.

Bitcoin buying algos 'seldom care about price' in 2021, says analyst

A blow-off top may yet appear but market composition has changed and 20% dips are being bought with "aggression," says filbfilb. Bitcoin (BTC) is not far from a blow-off top price implosion but investors are "aggressively" buying the dip. Speaking to Cointelegraph on Jan.

Token-based electricity top-up app expands in Africa but faces headwinds

Crypto payments network Electroneum is expanding its utility bill and mobile phone airtime top-up coverage to more countries in Africa. Electroneum has announced the expansion of its service coverage to four additional West African countries — Benin, Togo, Côte d'Ivoire, and Sierra Leone. The move brought the company’s African service coverage to nine nations with Nigeria, Senegal, Mali, Gambia, and Guinea-Bissau already in the mix. With over four million registered users, Electroneum’s African push has focused on utilizing its ETN token for utility bill payments and mobile airtime subscriptions via the company’s mobile app. Nigel Pooley, head of business development at Electroneum told Cointelegraph: “We are very pleased with the hundreds of electricity top-ups that have been completed in Nigeria, where we have hundreds of Electroneum users.” According to Pooley, the electricity top-ups feature is creating ETN utility across the company’s suite of products and services, adding, “Most of these transactions come from our AnyTask freelancers.” AnyTask is a freelancing platform powered by Electroneum that is reportedly gaining significant patronage. As previously reported by Cointelegraph, crypto adoption is helping to improve the lot of African freelancers in the expanding gig economy.

Dfinity quietly launched the 'Internet Computer' mainnet last month

Chief scientist Dominic Williams spoke to Cointelegraph to explain what this means and the path forward. After several years of research, development and numerous breakthroughs in cryptography and computer science, Dfinity launched the mainnet of its “Internet Computer” on Dec.

Telos’ ‘T-Bond’ NFTs aim to breathe liquidity life into projects young and old

Telos hopes the new fundraising tool will give a jolt to their platform, as well as others On Wednesday the Telos blockchain announced the launch of a new tool designed to help low-liquidity projects fundraise: a NFT product known as a “T-Bond.”  In an interview with Cointelegraph, Douglas Horn — the author of the Telos whitepaper and the CEO of GoodBlock, a development company who assists with Telos core development — said that token-based fundraising is a tricky problem for both established and new projects.

Ethereum targets $1K after ETH, altcoins rally versus Bitcoin

ETH is making serious inroads in both BTC and USD terms in what a Cointelegraph analyst says is a classic sign that altcoins are coming back from the dead. Ether (ETH) has broken a critical price point against Bitcoin (BTC), signalling that altcoins may be about to see huge gains. Cryptocurrency market overview.

Demystify 2021 with crypto trend predictions from the Cointelegraph crew

How will the crypto industry fare in the new year? Another year has come and gone.

BTC cracks $30K, supply squeeze worsens, XRP implodes: Hodler’s Digest, Dec. 27–Jan. 2

The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — one week on Cointelegraph in one link! Coming every Saturday, Hodlers Digest will help you track every single important news story that happened this week.

Faulty data? Grayscale didn’t liquidate massive amounts of XRP and XLM

A Grayscale spokesperson confirmed to Cointelegraph that the fund manager didn’t dump massive stakes of XRP and XLM Bybt data apparently showing a massive liquidation of XRP and Stellar Lumens by Grayscale Investments earlier this week is inaccurate, according to the investment company. On Wednesday Dec.

2020 in review: Cointelegraph art team limited edition NFT drop

Crypto 20/20 hindsight: A visual review of 2020 limited to 2,020 copies...

Crypto-friendly trading firm eToro rumored to be prepping for 2021 IPO

EToro has ambitions to join Coinbase as a public company as the social trading platform looks to a 2021 IPO. Trading platform eToro reportedly could go public in 2021. Sources told Cointelegraph that eToro has been working with the London Stock Exchange's "Elite" program to prepare for an initial public offering. "EToro does not comment on market rumours," an eToro representative told Cointelegraph. However, employees at eToro have shared an article from Israel-based media outlet Calcalist announcing the IPO on LinkedIn, apparently with the blessing of CEO Yoni Assia. EToro "is targeting an IPO in the second quarter of 2021 after doubling its revenue to $500 million and gaining five million new customers in 2020," says the Tuesday article from Calcalist.

Cointelegraph Consulting: Dormant Bitcoin on the move as price volatility rises

The increasing conflict between regulators and digital currencies doesn’t seem to slow down BTC. In a period filled with holidays, the cryptocurrency industry refused to take a day off.

Altseason and $30K in sight: 5 things to watch in Bitcoin as 2020 ends

A Christmas full of cheer for hodlers tops out above $28,000, amid warnings that Bitcoin is already in regulators' crosshairs for 2021. Bitcoin (BTC) has had a week like no other, hitting fresh record highs of $28,400 and staying near the top — what's next. As markets return to digest a wild Christmas, Cointelegraph presents five factors set to help with Bitcoin price direction this week. Gold surges as Trump signs stimulus bull Markets have been spared a nightmare this week after US President Donald Trump agreed to sign off on Congress’ $900 billion coronavirus stimulus bill.

Did CBDCs affect the crypto space in 2020, and what’s next in 2021? Experts answer

CBDCs are one of the major topics in crypto this year, and the experts that Cointelegraph spoke to have a lot to say about it. It is hard to imagine that just two years ago, the general discourse around central bank digital currencies, or CBDCs, was mainly focused on the potential and possibility of issuing them.

The CT blooper reel: our video team’s most unexpected moments of 2020

The CT video team’s 2020: getting bonked by the YouTube ban hammer, AK-47s and pure cringe. The Cointelegraph YouTube channel had some of its wilder moments in 2020: from getting hit with the YouTube ban hammer to witnessing firsthand the antics of crypto’s most eccentric personalities.

2020 special! New records, mega weirdness, the predictions that came true: Hodler’s Digest, Dec. 20–26

The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — one week on Cointelegraph in one link! Coming every Saturday, Hodlers Digest will help you track every single important news story that happened this week.

IOTA founder David Sønstebø buries hatchets, plots future in puzzling blog

Addressing the community and board members, David Sønstebø reveals contradictory details about his split with the IOTA Foundation In a verbose and, at times, vituperative blog post published today, IOTA founder David Sønstebø seeks to “quench all concern” about his state of mind, assure the community that the “IF [IOTA Foundation] is not broke,” and hint at future plans for the ecosystem being hatched in collaboration with “investors, separate DLT-project leaders, community devs and others.”  As Cointelegraph previously reported, in a December 11th announcement, the IOTA Foundation’s board revealed that Sønstebø had been removed from the organization after a “unanimous” board vote.

Mexico’s second richest man says Bitcoin is his “best investment ever”

Ricardo Salinas Pliego breaks down his Bitcoin investment thesis. Ricardo Salinas Pliego, chairman at conglomerate Grupo Salinas and Mexico’s second richest man, has revealed to Cointelegraph in an interview that he bought his first Bitcoin in 2013, when it was worth around $200.

Cat got your tongue? Bitcoin critics wither in 2020

Why have Bitcoin critics been so silent in 2020? Bitcoin (BTC) has had an interesting year, recovering from major sell-offs to eventually skyrocket to new all-time highs. However, Bitcoin's performance and cryptocurrencies increased adoption worldwide have still failed to bring some observers into the crypto camp.  Yet compared to other bull run years like 2017, 2020 has seen much less crypto criticism, with a number of Bitcoin naysayers appearing to have somewhat softened their stance towards digital assets. As we look back on crypto in 2020, Cointelegraph has noted some of cryptocurrency's biggest critics. “Bitcoin has no future”: Russian politician Anatoly Aksakov Date of quote: Oct.

Stimulus checks meet BTC all-time highs: 5 things to watch in Bitcoin this week

A vote on $600 payments to Americans combines with bank buybacks as one analyst says that institutional buying could mean the Bitcoin bull run "never stops." Bitcoin (BTC) surged to a new all-time high over the weekend, but what’s in store as a new week begins? With $24,000 still in play, Cointelegraph takes a look at five factors influencing BTC price action over the coming days. Coronavirus stimulus deal includes $600 direct payments A sigh of relief from the United States as Congress was poised voted to accept a $900 billion coronavirus stimulus bill.

After exploit, Warp Finance compensation plan takes promising strides

In a promising sign for the DeFi space, another project devotes itself to complete user compensation following an exploit In a blog post on Saturday night, Warp Finance — the latest decentralized finance (DeFi) protocol to suffer a smart contract exploit — announced promising strides towards recompensating users following a nearly $8 million flash loan attack.  As Cointelegraph reported on Friday, the DeFi protocol, which offers stablecoin loans on liquidity pool token collateral, lost $7.7 million in USDC and DAI when an attacker used multiple flash loans to create liquidity pool tokens, manipulate Warp’s price oracles, and drain Warp’s stablecoin coffers.

Bitcoin breaks records, what happens next, Coinbase IPO: Hodler’s Digest, Dec. 13–19

The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — one week on Cointelegraph in one link! Coming every Saturday, Hodlers Digest will help you track every single important news story that happened this week.

CB Insights’ Blockchain 50 lists US, UK and Switzerland as adoption hotbeds

CB Insights and Blockdata release their first “Blockchain 50” list, highlighting interesting findings behind innovative blockchain companies. Research firm CB Insights and Blockdata, the data company acquired by CB Insights in September of this year, have unveiled their first-ever annual “Blockchain 50” list, which consists of 50 private companies applying or analyzing blockchain technology to solve business- or consumer-related problems across various industries. Jonathan Knegtel, CEO and co-founder of Blockdata, told Cointelegraph that the Blockchain 50 list represents an annual ranking of the 50 most promising companies within the blockchain ecosystem.

Finance Redefined: The $20,000 Bitcoin special, Dec. 9–16

Bitcoin DeFi, Bitcoin on Ethereum: We explore the ways DeFi and Bitcoin intersect. Finance Redefined is Cointelegraph's DeFi-centric newsletter, delivered to subscribers every Wednesday. Today the crypto world is celebrating Bitcoin’s new all-time high.

Kraken announces Lightning Network integrations for 2021

Kraken will integrate the Lightning Network to support instant Bitcoin transfers and reduced withdrawal fees. Major US-based cryptocurrency exchange Kraken has announced on Wednesday that it will integrate the Bitcoin (BTC) Lightning Network in 2021. Kraken emphasized that the integration will drive significant improvements in speed and fees, claiming Lightning allows Bitcoin “to process millions of transactions per second." Speaking to Cointelegraph, Kraken’s lead Bitcoin strategist Pierre Rochard revealed that Lightning will first be integrated for withdrawals during the first half of 2021, bringing down transfer fees from roughly $10 per transaction to about one penny — just enough to prevent spam transactions — and allowing "instant" withdrawals. Rochard noted that deposit functionality is slated to follow next.

The Giving Block and Cointelegraph to host first ‘Crypto’s Biggest Brain’ trivia contest

We’re teaming up with The Giving Block to raise money for a good cause this holiday season.

Big gaps and bigger buys: 5 things to watch in Bitcoin this week

Another $1,000 CME futures gap opens but Bitcoin shows clear strength as it aims to tackle pivotal $20,000 resistance. Bitcoin (BTC) begins a new trading week within 5% of the mythical $20,000 price level — but can it get there this time? As the largest cryptocurrency lines up for another shot at overcoming seminal resistance, Cointelegraph looks at the market factors influencing price performance on Monday. Vaccine, stimulus decision fuels risk appetite On a wider macro level, talk is firmly focused on the United States agreeing a coronavirus stimulus package this week.

BTC drops, XRP is ‘toxic waste,’ Facebook’s Diem in trouble: Hodler’s Digest, Dec. 6–12

The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — one week on Cointelegraph in one link! Coming every Saturday, Hodlers Digest will help you track every single important news story that happened this week.

Here are the top 10 books blockchain thought leaders recommend in 2020

Cointelegraph asked 10 leaders in blockchain about book recommendations this year. With the continuous lockdowns and travel advisories brought on by the COVID-19 pandemic, 2020 seems to be a perfect year for discovering and reading new books. As such, Cointelegraph collected a list of non-crypto-related book recommendations from 10 of the biggest thought leaders in the blockchain space.

Cointelegraph Consulting: Institutions are bullish on Bitcoin, but is retail?

Charts and data from the last two weeks show retail traders have flipped bearish and the BTC buying has stopped. The latest findings from Santiment, published in Cointelegraph Consulting’s biweekly newsletter, indicate that the combined balance of wallets holding small amounts of Bitcoin (BTC) continues to decline.

Crypto gift ideas for the Christmas fan in your life

Is all this Christmas nonsense getting in the way of your crypto obsession? Well, why not combine the two? As we find ourselves already knee-deep into December, it has become increasingly difficult to ignore that certain festive je ne sais quoi that always seems to permeate the air during this time of year — yes, even in this globally most horribilis of annuses, (whisper it) 2020. The shops — well, those of them that haven’t been permanently shuttered, or at least forcibly quarantined, by the coronavirus pandemic that has defined much of our lives for the past 12 months — have been pumping out seasonal tunes for what already seems like an eternity. However, take heart in the fact that it is only the sickeningly well-prepared and the terminally short-of-things-to-do who have directed more than a cursory thought toward what to actually buy anybody as a gift so far. And fear not, because if your loved ones like a bit of Christmas with their crypto, then Cointelegraph has a whole heap of inspiring gift ideas to help you seem just as thoughtful as our overeager, underworked compatriots. A Christmas classic The wallet has been a Christmas staple since the days of Charles Dickens when Ebenezer Scrooge famously received one from Tiny Tim in order to keep all his money in order — possibly. In the crypto world, the go-to standard for keeping your tokens secure is a hardware wallet, and there are plenty to choose from.

Finance Redefined: The curious implications of algorithmic stablecoins, Dec. 2–9

Some stablecoins are more useful than others. This is the latest issue of Finance Redefined, Cointelegraph's DeFi-centric newsletter delivered to subscribers every Wednesday. A relatively quiet week in DeFi finally has given me some breathing room to talk about a subject I’ve been postponing since almost the beginning of this newsletter, namely: What’s up with DeFi’s weird obsession with algorithmic stablecoins? There are so many of them, and so many new projects get an unreasonable amount of attention.

European Commission taking bids for blockchain pre-commercial procurement

European Union doubles down on commitment to investing in blockchain technology. The European Commission is inviting tenders for the European Union blockchain pre-commercial procurement, or PCP. In general, a PCP is a public sector purchase of research and development services to adapt new or emerging technology to its needs. This PCP will focus on developing a novel blockchain solution that builds on the EU legal framework such as the General Data Protection Regulation, the Electronic Identification, Authentication and Trust Services regulation and the Network and Information Systems directive. The process will involve awarding several research and development contracts in parallel to existing service providers considered to offer the best value-for-money. These providers will then develop solutions in phases, with a reduction in the number of contractors passing through to each subsequent phase. The PCP will be undertaken in cooperation with the European Blockchain Partnership, and will build on the work it has already carried out. The EBP was formed in April 2018 with a commitment to establish a European Blockchain Service Infrastructure. This aims to deliver EU-wide cross-border public services using blockchain technology. However, the ongoing work on the EBSI is focused on use cases that can be easily implemented using existing blockchain technologies. The PCP aims to fill the gap between existing solutions and a bespoke system that fully complies with the EU legal framework, security, robustness, interoperability and sustainability. As Cointelegraph reported, in September the EC and EBP announced plans to launch a pan-European regulatory sandbox by 2022. This latest invite for tenders would seem to cement the EU’s commitment to investing in blockchain and distributed ledger technology. The tendering process is open until Jan.

BTC nerves, XRP bombshell, Libra rebrand: Hodler’s Digest, Nov. 28–Dec. 5

The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — one week on Cointelegraph in one link! Coming every Saturday, Hodlers Digest will help you track every single important news story that happened this week.

DeFi and Eth 2.0 are whole new convos for regulators, says SEC's Hester Peirce

United States SEC Commissioner Hester Peirce wants to focus on new guidance for DeFi and future Ethereum projects Hester Peirce, commissioner for the United States Securities and Exchange Commission, explained during an exclusive interview with Cointelegraph that decentralized finance, also known as DeFi, has created new challenges for the SEC.  Peirce, nicknamed “Crypto Mom” for her interest in digital asset innovation, mentioned that the quickly rising DeFi sector has resulted in a number of unresolved legal issues: "DeFi has posed a challenge for the SEC in a similar way that the ICO boom did in 2017.

This bull market is different because people already know about crypto, Celsius CEO says

His price predictions are a little lower than most speculators, however. Google searches for Bitcoin (BTC) appear to be far less popular today than they were when the asset achieved its previous all-time high in December 2017. “2017 was all about hype and first-time users jumping in to try to catch BTC because of FOMO (Fear Of Missing Out),” Celsius CEO Alex Mashinsky told Cointelegraph.

OCC works to win back House Democrats, still miffed at leader's focus on crypto

Acting Comptroller Brian Brooks continues his work to reach across the aisle with pledges from major players to support minority-owned banks. The US Treasury's Office of the Comptroller of the Currency is expanding an outreach program designed to provide access to minority depository institutions, or MDIs. Per a Thursday announcement shared with Cointelegraph, the OCC's Project REACh is expanding to include a pledge of large and mid-sized banks partnering with MDIs.

What does VCOIN's SEC authorization mean for securities law and crypto?

The latest in securities law and crypto is not a revolution, but it is a step forward. As Cointelegraph reported two weeks ago, the Securities and Exchange Commission put out a rare no-action letter in defense of IMVU’s new blockchain-based VCOIN. VCOIN is only the third digital token to get such legal protection from the US securities regulator, which makes it an exciting development.

Multi-utility tokens to enable Web 3.0 by providing more than financial value

The benefits of utility tokens could soon stretch beyond payment facilitation and governance capabilities. Cryptocurrencies are commonly known for being a store of value, but as the blockchain space continues to mature, utility tokens are being created that extend their benefits beyond mere financial gains. Scott Gralnick, director of global partnerships for ShapeShift — a Swiss cryptocurrency exchange — told Cointelegraph that cryptocurrency can help launch Web 3.0 as more utility tokens are designed to provide functions beyond market value: “At ShapeShift, we are looking past the idea of whether a token has value and can be traded or held.

The future of gambling? Hamster-powered marble races come to Ethereum

Mia the djungarian 'gamble hamster' will power high-stakes marble races with her trusty hamster wheel. After just over two years of development, on Sunday a new form of gambling will be released to the Ethereum world on mainnet: hamster-powered marble races.  Powered by Mia, a female djungarian or “ winter white dwarf” hamster and her trusty hamster wheel, the project, dubbed “Mia & the Marbles,” is an automated marble-racing and gambling platform from a group of independent developers.  While the concept behind the project may seem… whimsical, in an interview with Cointelegraph the development team for ‘M&M’ revealed how carefully the racing platform has been thought out. “We

Bitcoin carnage, Eth2 milestone, Libra launch, PayPal blunder: Hodler’s Digest, Nov. 21–27

The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — one week on Cointelegraph in one link! Coming every Saturday, Hodlers Digest will help you track every single important news story that happened this week.

Cointelegraph Consulting: Overwhelming bullish sentiment once again proves costly

Analysis of sentiment and on-chain data shows that a correction was likely to occur.

Deloitte: Financial institutions to boost future blockchain spending

A representative from the company expects 2021 to be "a breakout year for blockchain." Many financial institutions are poised to increase their blockchain spending in 2021, according to an upcoming survey from Deloitte titled Financial Services Industry Outlooks 2020. Preliminary results shared with Cointelegraph indicate that 27% of the institutions surveyed expect a “slight increase in spend” for blockchain and distributed ledger technology, while 14% are expecting a large increase.

Bitcoin price has now only been higher one day in history

Nov. 24 generates the second highest daily price ever for Bitcoin, with November already its best month in terms of dollar gains. Bitcoin (BTC) is currently having its second-highest trading day ever as BTC/USD hitting a new multi-year high of $19,330.  Data from Cointelegraph Markets and TradingView provided a cause for celebration on Nov.

Ethereum-based market platform unveils a new DAO

Gnosis shaped its DAO based on the concept of futarchy. Gnosis, an Ethereum-based platform that facilitates betting on events and other metrics, revealed plans for its own Decentralized Autonomous Organization, or DAO, called GnosisDAO. “This will have the effect of progressively decentralizing Gnosis as a project using a native governance framework powered by their token economy, bringing governance to the coming internet of value,” according to a Monday public statement sent to Cointelegraph.

US dollar squeeze and $19K BTC: 5 Things to watch in Bitcoin this week

USD weakness combines with a Bitcoin supply and demand conundrum as BTC/USD takes aim at $19,000. Bitcoin (BTC) starts another week at near historic highs as the US dollar continues to drop — what’s next? With investors seeking safe havens and Bitcoin already seeing a demand squeeze, Cointelegraph covers the factors that could further shape price action this week.

BTC record in sight, ETH rallies, Uniswap disaster: Hodler’s Digest, Nov. 16–21

The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — one week on Cointelegraph in one link! Coming every Sunday, Hodlers Digest will help you track every single important news story that happened this week.

BTC record in sight, ETH rallies, Uniswap disaster: Hodler’s Digest, Nov. 15–21

The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — one week on Cointelegraph in one link! Coming every Sunday, Hodlers Digest will help you track every single important news story that happened this week.

US regulator wants to stop banks from blacklisting legal businesses, crypto included

New rule-making aims to stop "creeping politicization of the banking industry," says OCC head. Per an announcement on Friday, the Office of the Comptroller of the Currency, or OCC, is looking for public comments on rule-making that would stop banks from denying services to businesses based on sector. In the words of Comptroller Brian Brooks, “Blanket boycotts of entire industry sectors have to stop.” The OCC’s announcement points to political hot-button issues that banks have systematically denied services to, including oil and gas companies in Alaska as well as Planned Parenthood. Speaking to the media, Brooks noted the bipartisan nature of many of these bans: “These things are not politically partisan, but there are all kinds of attempts that we’ve seen to politically weaponize the banking system.” He continued: “There is a creeping politicization of the banking industry that has the potential to be very dangerous.” Brooks told Cointelegraph: “There is no place within the United States where crypto is illegal, but there are different licensing requirements for companies involved with businesses so obviously if a bank was banking one of those businesses, one of the things that bank would look at as part of its diligence is whether that exchange or other business had the relevant approvals in that state.” Which is to say, banks would not be able to disqualify potential crypto clients on the basis of their industry.

Singapore ready to launch wholesale CBDC, local exec says

CFO at Singapore's central bank told Cointelegraph about his plans to implement Singapore's wholesale CBDC. Singapore is ready to launch it's own central bank digital currency, or CBDC, said Sopnendu Mohanty, chief FinTech officer at Singapore’s central bank and financial regulator, Monetary Authority of Singapore.

MyEtherWallet founder weighs in on the most crypto-friendly country

Crypto-friendly regulation may be in the eye of the beholder. With nations around the world each holding significantly different regulations, what is the most crypto-friendly country? Kosala Hemachandra, CEO and founder of MyEtherWallet, labeled the query as a tough one.  “First we have to define what crypto-friendly means,” Hemachandra told Cointelegraph.

Bitcoin analyst sees 'perfect backdrop' for $100K this bull cycle, $1M by 2035

Bitcoin can pass its $20,000 all-time highs within weeks, says Alex Saunders, while Ether only needs a year to beat its own record. Bitcoin (BTC) can hit $100,000 in five years and $1 million by 2035, Nugget’s News CEO Alex Saunders has told Cointelegraph. Speaking in an interview with Cointelegraph Markets' analyst Michaël van de Poppe on Nov.

Cointelegraph to auction digital collectibles inspired by famous works of art

From 'The Last ICO' (pictured) inspired by da Vinci to 'Silent Disco' based on Henri Matisse's 'La Danse', Cointelegraph artists have created unique NFTs for collectors.

Trade finance: The latest industry to boost DLT adoption amid COVID-19

The COVID-19 pandemic has triggered the adoption of blockchain and DLT-based business solutions in the global trade ecosystem. As the coronavirus pandemic continues to push more people out of their offices, many companies across the globe are adopting decentralized ledger technology to mitigate its effects and remain operational.  Emmanuelle Ganne, senior analyst at the World Trade Organization, told Cointelegraph that “The current pandemic, which has a devastating impact on small businesses, is an opportunity to accelerate trade digitalization, to the benefit of SMEs in particular.” Ganne added: “DLTs have the potential to remove many of the inefficiencies that hinder international trade and to slash trade costs, which weigh more heavily on small firms, a fortiori in times of crisis." Deepesh Patel, editorial director at Trade Finance Global — a financial broker — believes that “A fully digitalised global trade ecosystem will be seamless and interconnected and probably open source.” The trade finance gap As the global economy continues to be shaken by the pandemic, it’s clear that the most affected businesses are small- and medium-sized enterprises facing the “trade finance gap,” which is a deficit that keeps businesses from performing due to a lack of adequate funding necessary to run operations. What’s more profound is the fact that the trade finance gap was estimated to be $1.5 trillion US dollars prior to the COVID-19 pandemic, and that number is expected to go up to about $3 trillion or $4 trillion.

Bitcoin nerves, DeFi defiant, PayPal debut, Coinbase warning: Hodler’s Digest, Nov. 9–15

The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — one week on Cointelegraph in one link! Coming every Sunday, Hodlers Digest will help you track every single important news story that happened this week.

Bitcoin whale clusters show ‘institutional FOMO’ is behind the BTC rally

Data shows Bitcoin whales and institutions are behind the current rally, a signal that the next bull market may be stronger than the one seen in 2017. Data shows that institutions heavily accumulated Bitcoin in the $12,000–$15,000 range, and according to analysts at Whalemap, this is a positive trend because institutions and whales typically accumulate assets with a longer-term investment strategy in mind. The fact that larger hands are accumulating BTC instead of retail investors also explains the somewhat suppressed mainstream interest in Bitcoin, as Cointelegraph previously reported.

Cointelegraph Consulting: How the US election may impact Bitcoin price

Analysis of past elections on other assets tell a positive story for Bitcoin, with holders already sitting in profit. With Joe Biden poised to be the next president of the United States, Cointelegraph Consulting reflects on how traditional assets have responded to the election of a Democratic candidate.

Bitcoin Cash hits record lows vs. Bitcoin days before hard fork

The embattled spin-off of Bitcoin shows little signs of life prior to its hard fork as Bitcoin vastly outstrips its performance. Altcoin traders continue to feel the pain as Bitcoin (BTC) gains, with Bitcoin Cash (BCH) hitting new all-time lows.  Data from Cointelegraph Markets and other sources shows that as of Nov.

Bitcoin special! New 2020 high, election fallout, DeFi suffers: Hodler’s Digest, Nov. 2–8

The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — one week on Cointelegraph in one link! Coming every Sunday, Hodlers Digest will help you track every single important news story that happened this week.

Hashgraph CTO expects blockchain interest to grow even bigger in 2021

We are at the "knee of an exponential curve, said the executive. In an interview with Cointelegraph, Hedera Hashgraph CTO Leemon Baird said that while interest in blockchain greatly increased in 2020, he expects much bigger things to come in 2021. Baird, who holds a doctorate in computer science from Carnegie Mellon University, explained that “the world as a whole looks at this industry as blockchain or DLT and says, ‘wow, there's really something there.’" He continued, “This year I saw a rapid increase in interest throughout the world.

Bitcoin hits $14K, UNI airdrop rejected, scammers target Trump: Hodler’s Digest, Oct. 26–Nov. 1

The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — one week on Cointelegraph in one link! Coming every Sunday, Hodlers Digest will help you track every single important news story that happened this week.

Christine Lagarde invites public comments on eurozone CBDC

Former IMF Chief and President of the European Central Bank solicited input on possible CBDC In a Twitter thread on Sunday, Christine Lagarde, former Managing Director of the IMF and current President of the European Central Bank, invited public commentary on a potential eurozone central bank digital currency (CBDC).  “We are still in the review and considerations stage, but we’ve just launched a public consultation so that consumers and Europeans can actually express their preference and tell us whether they would be happy to use a digital Euro just in the way they use a Euro coin or a Euro banknote knowing that it is central bank money that is available and that they can rely upon,” said Lagarde in a video from the thread.  The comments on a possible CBDC were part of a larger series of reflections on what Lagarde described as a “difficult year.”  Among the topics discussed were the impact of the Coronavirus and how the ECB responded, the importance of examining how bank policy could combat climate change, and how cryptocurrencies might better suit modern lifestyle choices on the part of Europeans. “As Europeans are increasingly turning to digital in the ways they spend, save and invest, we should be prepared to issue a digital euro, if needed,” Lagarde wrote.  As Cointelegraph has previously reported, the ECB has a roadmap towards a more serious CBDC study in 2021.

Game review: Axie Infinity currently rules the Pay-to-Win-to-Earn roost

While it may seem like an expensive game, it is actually a relatively cheap way to get involved in NFT investing. The Pokemon-inspired Axie Infinity has grown to become the number one nonfungible token, or NFT, game on the Ethereum blockchain, with over 7,000 on-chain active monthly users. This week saw the launch of its $2.97 million Axie Infinity Shards (AXS) governance token sale on Binance Launchpad, so Cointelegraph got deep down and dirty with the game to see what all the fuss was about. Picking your Alpha Axies To get started you need at least three Axies.

Germany’s central bank is working on a blockchain project, but it's not a CBDC

Bundesbank seems to be coyly flirting with blockchain technology. According to a public notice published in the Supplement to the Official Journal of the European Union, Ocean Protocol, a Singaporean non-profit foundation, was hired to create a decentralized network for Germany's Bundesbank. The central bank said that the Ocean protocol, which is a project of relatively limited renown, was chosen mostly because they were the only possible contractor for the job, citing a “lack of comparable competitors.” Bundesbank detailed in its public notice that the main purpose of the project is to set up a “decentralized network approach, which allows participants a permanent, symmetrical data access for the realization of real-time updates of statistics while preserving data sovereignty.” The institution expects to work hand in hand with the Ocean protocol to build a platform for securely publishing, transferring, and consuming public and private data. On October 21, Cointelegraph reported that the German central bank was considering alternatives to a CBDC.

Future elections could be held on the Cardano blockchain, says Hoskinson

That being said, scaling decentralized e-voting systems is a complex task. In an interview with Cointelegraph, Charles Hoskinson suggested that a Cardano-based solution might make blockchain voting possible for future national elections.

Cointelegraph Consulting: Data shows Bitcoin hodlers becoming more active

How does Bitcoin’s positive online sentiment affect the market outlook? Data suggests that holders are suddenly becoming more active. The latest findings by Santiment, published in Cointelegraph Consulting’s biweekly newsletter, show that the Bitcoin Age Consumed experienced a large uptick with the recent price increase — a sign that tokens previously dormant are on the move.  The Bitcoin Age Consumed metric is found by multiplying the amount of tokens changing addresses on a certain date by the time since they last moved.

Bitcoin adoption could reach 90% by 2030, investment firm founder claims

Adoption started slow, but has ramped up with the passage of time. With the recent influx of mainstream financial players into the blockchain space, how long will it take for corporate allocation of Bitcoin to become the norm? Brian Estes, founder of investment firm Off The Chain Capital, thinks 10 years.  "I think in 2029, 2030, when 90% of US households and people in the United States use cryptocurrency and Bitcoin, then I think it becomes a stable part of the economy, and not just the US economy, but I think the world economy," Estes told Cointelegraph in an interview.  Estes' rationale is based on analysis of the S-curve, a common graphical image depicting the speed and process of adoption for new technologies.

McAfee continues to promote cryptocurrencies from his Spanish jail cell

Cointelegraph interviews antivirus pioneer John McAfee on the state of Blockchain from his confines in Barcelona, Spain.

Survey: Most professional European investors bought digital assets or plan to

Survey on professional investors finds that 36% have already bought crypto, as big pockets look to enter the market. To gain a deeper understanding of how professional investors feel about digital assets, Cointelegraph Consulting has published a 70+ page research report written by eight authors and supported by SIX Digital Exchange, BlockFi, Bitmain, Blocksize Capital, and Nexo.

PayPal special! Crypto plans revealed, Bitcoin’s reaction, critics circle: Hodler’s Digest, Oct. 19–25

The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — one week on Cointelegraph in one link! Coming every Sunday, Hodlers Digest will help you track every single important news story that happened this week.

Morpher Labs attempts to crack knotty prediction market problems

The new prediction marketplace solves longstanding liquidity issue, but does it create new problems? On August 31, 2020, Morpher Labs announced the launch of its flagship Ethereum-based contract trading and prediction market platform, Morpher, with the stated goal of providing users unlimited access to long-and-short trades of real-world stocks, commodities, and FOREX markets.  The technical obstructions of such a goal, however, have historically proven tricky to navigate.  In a recent interview with Cointelegraph, Morpher Labs CEO Martin Forehler explained that Morpher’s vision is to allow worldwide access to asset classes that normally have multiple barriers in the form of geographical restrictions, middlemen, and steep fees.  “The goal of the platform is to enable anyone living on Earth to trade assets 24/7, featuring minimized fees and without needing a counterparty,” said Forehler. Many projects harbor similar ambitions, but have been hampered by the seemingly intractable problem that arises whenever projects try to offer on-chain users access to real-world assets and their price action: liquidity. Synthetix, for instance, allows users to mint synthetic assets that track the price of real-world assets such as gold or the Nikkei stock index.

Bitcoin price will 'bolt higher' if Biden wins, rise slower with Trump — Max Keiser

Max Keiser, Wall Street veteran and host of The Keiser Report, shares his thoughts on Bitcoin price breaking $13,000 and the US election in an exclusive interview with Cointelegraph Markets.

Japanese soccer star Keisuke Honda launches his own crypto

Crypto and blockchain matter for the global soccer community. A Japanese professional soccer player is launching his own cryptocurrency to boost fan engagement. Keisuke Honda, former Japan midfielder and currently a captain of the Brazilian professional league team Botafogo, has launched his own token to build new connections with his fans, Cointelegraph Japan reported on Oct.

Blockstack PBC changes its name to 'Hiro'

The name is a reference to the protagonist in Neal Stephenson’s novel, Snowcrash. Blockchain software firm Blockstack PBC announced that it will be changing its name to “Hiro Systems PBC.” Muneeb Ali, co-founder and CEO of Blockstack, told Cointelegraph that the team plans to focus on a narrower set of priorities once the stacks 2.0 mainnet launches — something they believe has the potential to unlock an “immense amount of value and possibility”: "We’ll narrow our focus to building tools for developers that are building apps and smart contracts on Bitcoin.

For the first time since 2018 Bitcoin balances on exchanges fell below 2.5M

Bitcoin's balance on three popular exchanges decreased by 390k BTC over the past 9 months. On October 20, 2020, the amount of Bitcoin (BTC) held at major exchanges fell below 2.5 million BTC for the first time in two years.  Source: Glassnode.Nexo co-founder Antoni Trenchev opined to Cointelegraph that this trend is driven by the world finally realizing that only Bitcoin offers sound monetary policy: “[People are] slowly are realizing what some of us have known for a while — BTC is the only sound monetary policy right now and you cannot afford to depart from the best performing asset of the decade.” He also noted that the community is resorting more to self-custody solutions, including platforms like Nexo, where they can “tax-efficiently borrow against their assets rather than selling them." Cointelegraph noted yesterday that the Bitcoin supply is currently diffused more than ever. Alex Mashinsky, co-founder of the Celsius crypto lending platform, told Cointelegraph that the exodus will likely continue unless exchanges begin offering better terms to their customers: "As long as exchanges refuse to give their clients more they will leave them and come to Celsius.

Voyager crypto broker set to open to Europe after LGO merger

LGO exchange is a gateway for Voyager to access Europe. Crypto broker Voyager has teamed up with LGO, a European digital asset exchange focused on institutions.  "LGO and Voyager will merge their services and offering under the Voyager brand, to offer a premium experience to retail cryptocurrency investors, in the US and in Europe," LGO CEO Hugo Renaudin told Cointelegraph.

ConsenSys and Protocol Labs team up to integrate Filecoin into Ethereum's dev tools

Filecoin’s devs, miners, and even users will have a chance to access ConsenSys' Ethereum-native tools Blockchain firm ConsenSys has made official a collaboration with open-source software laboratory Protocol Labs to integrate Filecoin’s marketplace for data storage with ConsenSys’ Ethereum product stack. According to the announcement, Filecoin’s miners, developers, and users of the network will be able to access ConsenSys' development tools like Infura, MetaMask and others to integrate with Ethereum’s decentralized finance ecosystem. On October 15th, at block 148,888, the Filecoin network launched its public mainnet, featuring a capacity of more than 600 Petabytes of data, as well as 600 active data miners, and 230 projects interacting with the storage protocol. Given these figures, James Beck, global public relations lead at ConsenSys, told Cointelegraph that Ethereum dApps and projects can become “more fully decentralized by storing relevant data on Filecoin rather than relying on a centralized cloud service.” Beck commented on why this integration is critical for Filecoin: “Applications on Ethereum need a decentralized data storage solution, which is why integrations with Infura and MetaMask are critical to enable easy-use for developers to integrate Filecoin/IPFS with Ethereum.

Big Bitcoin prediction, OKEx spooks markets, Ripple exec’s crippling mistake: Hodler’s Digest, Oct. 12–18

The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — one week on Cointelegraph in one link! Coming every Sunday, Hodlers Digest tracks every important crypto news story from the previous week.

Cointelegraph Consulting: Ethereum’s on-chain activity surges and bullish sentiment spikes

Is Ethereum’s recent bullish online sentiment good or bad? Short-term holders are now in the black, is a ‘sell zone’ approaching? The latest findings by Santiment, published in Cointelegraph Consulting’s biweekly newsletter, indicates that discussions around Ethereum have switched from highly bearish to predominantly bullish.

Attempting to stifle encryption is a waste of time, suggests Status security chief

It's not a scarce resource like nuclear power, whose proliferation is more easily suppressed. Corey Petty, a chief security officer at Status messenger, told Cointelegraph that he believes there is no way to marry end-to-end encryption with the type of backdoor access law enforcement agencies continue to lobby for.

Cointelegraph Consulting: New stimulus checks may push Bitcoin price toward $12K

Will USA’s second round of proposed stimulus checks impact the global crypto market? The latest research by Cointelegraph Consulting suggests that financial stimulus packages bolster the stock market and cryptocurrencies.

Here’s how to properly earn a DeFi sized yield trading Bitcoin options

Here’s how investors can use Bitcoin options to generate DeFi-sized yields without having to wrap their hodl stack. I recently caught wind of an interesting Cointelegraph article explaining how investors could earn 41% APY on their Bitcoin without converting it to renBTC or WBTC. In the article, the writer laid out a detailed case for generating yield on Bitcoin (BTC) holdings by investing in options markets instead of decentralized finance (DeFi) apps. While we are proponents of this exact strategy some of the explanations laid out in the article are more confusing than useful so I want to add a little clarity to the best way to execute this strategy. How Do Covered Calls Work? In the article, the author describes a covered call strategy as consisting of “simultaneously holding BTC and selling the equivalent size in call options.” When selling the calls against your long BTC you receive the call premium, which is the price the buyer pays for the option to buy BTC at the strike price specified in the call option contract.

DeFi traders blame YFI price collapse on shorting by Alameda Research

YFI price is still in a downtrend and many investors believe all attempts at recovery are being suppressed by Alameda Research. Yearn Finance (YFI) price has been in a serious rut during the past 2 weeks and many in the crypto community blame the sharp correction on Sam Bankman-Fried (SBF), the CEO of Alameda Research and FTX.  In the past month, DeFi giant Yearn.finance’s native token YFI dropped 62.7% from $43,970 to $16,360. As Cointelegraph has reported, the majority of DeFi tokens corrected 40%-60% in September and this sell off took place as Bitcoin and Ether (ETH) prices also dropped.

Bitcoin rallies, McAfee compares prison to Hilton, digital yuan airdrop: Hodler’s Digest, Oct. 5–11

The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — one week on Cointelegraph in one link! Coming every Sunday, Hodlers Digest tracks every important crypto news story from the previous week.

SEC’s conservative approach to crypto needs to change- SEC’s Peirce

“Crypto Mom” Hester Peirce admits the SEC can be slow in giving guidance, but she sees the regulator becoming more open to change. Hester Peirce, commissioner for the United States Securities and Exchange Commission (SEC) affectionately known as “Crypto Mom,” says the regulator’s more conservative attitude around crypto needs to change as people become more interested in the space.  In a recent interview with Cointelegraph, Peirce said the crypto landscape is changing quickly. “While we’ve been very slow in giving guidance, there is more and more interest from a wide spectrum of people, both inside the crypto space as well as inside the traditional financial institutions who are asking us for guidance.

Blockchain may solve Twitter and Facebook’s moderation issues says Aragon exec

Would decentralized governance save social media platforms from polarizing its users with its politics? Aragon co-founder Luis Cuende told Cointelegraph that the decentralized technology his company has been developing could find its perfect use case on social media platforms like Facebook and Twitter.  In recent months, content moderation practices employed by global social media platforms have been criticized by people across the political spectrum.

Ledger wallet company passes official security audit

The process was meant to ensure that customer information is handled properly by the company. Ledger, a crypto company providing a number of hardware wallet solutions, has obtained a successful System and Organization Controls, or SOC, Type 1 test.   Friedman LLP, a New York-based accounting firm, ran the SOC 2 Type 1 test on Ledger, according to a statement provided to Cointelegraph: "By obtaining the SOC 2 Type 1 report, we are now able to provide an additional layer of verified security to our clients, assuring that the Vault solution is secured at all times and that we have the processes in place to ensure availability." A crypto storage solution for larger players and companies, Ledger Vault operates as a custody wing under the broader Ledger company.

How will the US presidential election affect the price of Bitcoin?

There may be fireworks. As the 2020 US presidential election draws near, two crypto traders on Twitter shared their predictions for how Bitcoin's price could react to the event.  "If we have a clear winner and an easy transition of power, I do not see much of an impact on the price per coin," trader BigCheds told Cointelegraph.