Here to speak Bitcoin

  Crypto analysts are pushing back against the narrative that the current  BTC  rally is being fuelled by a liquidity crunch afflicting bitcoin mining pools in China. The liquidity crunch, which is caused by an ongoing regulatory crackdown in that country, has reportedly left miners unable to sell their  BTC  holdings. Miners Are Selling The analysts are instead backing a counter-narrative which points to institutional investor interest as the reason for the current  BTC  rally. Using data to support their assertions, the analysts suggest that the current bull run, which has different characteristics with the one in 2017, is likely to continue as institutional investor interest continues to grow. First to present data that debunks the Chinese liquidity crunch narrative is Lucas Nuzzi of Coinmetrics. In remarks made via a Twitter  thread , Nuzzi argues that mining pools not selling their  BTC  stocks at this point is just “part of a long-...

An African company backed by Amazon CEO Jeff Bezos, Chipper Cash, has raised $30 million and is launching a cryptocurrency trading service due to high demand for cryptocurrencies, including bitcoin. Users of Chipper Cash will be able to buy and sell cryptocurrencies as well as U.S. stocks, such as Tesla, Apple, and Amazon, through the app. Jeff Bezos-Backed Chipper Cash to Begin Offering Crypto Trading African cross-border payments startup Chipper Cash has raised $30 million in a Series B funding round. It was led by venture capital firm Ribbit Capital, with the participation of Bezos Expeditions, the personal VC fund of Amazon CEO Jeff Bezos. Founded in 2018 by Ugandan Ham Serunjogi and Ghanaian Maijid Moujaled, the San Francisco-based Chipper Cash offers fee-free mobile P2P payment services. The services are available in seven African countries: Ghana, Uganda, Nigeria, Tanzania, Rwanda, South Africa, and Kenya. The app allows users to send and receive money across Africa. “Enjoy free...

  During the last two years since the initial bear market after the 2017 bull run, stablecoins have been extremely popular. Today, statistics show that the market capitalization of all the notable stablecoins today is hovering above the $23.9 billion mark. Out of more than 30 stablecoins in 2020, tether is still a behemoth capturing 76.15% of the entire market share. Since January 2016, the stablecoin tether’s market valuation has grown a whopping 1.9 million percent from $951k to $18.5 billion. Tether’s Market Cap Jumps from a Million to Over $18 Billion in a Four-Year Time Span The stablecoin  tether (USDT)  is by far the most used dollar-pegged token in existence today and the project has grown massively since its inception. At the time of publication, the token  USDT  was issued 2,236 days ago on October 6, 2014, on the Bitcoin blockchain by leveraging the Omni Layer Protocol. These days, however, tether is issued on a myriad of blockchains as the stablecoin...

  The evolution of new digital technologies has created a new shift in the value proposition for financial products and services. Digital asset management based on distributed ledger technology has opened the gates to financial institutions and regulators, with the aim of disrupting this new wave. Nevertheless, it has also opened the door for the creation of fresh and innovative opportunities and ways of conducting business. Who Is Wallex? Amidst the beginning of the technological wave, Simone Mazzuca found a missing piece in the grey zone in digital asset management, therefore creating the revolutionary and borderless company Wallex. Constructing the legal-framework of Wallex, Mr Mazzuca carefully projected his views in the various challenges of the existing financial services industry, and with his team of experts put to use distributed ledger technology creating multiple innovative operational features and functionalities. The innovative features are clearly visible in the struc...

  Analytics firm Coinfirm says the US Department of Justice (DOJ)’s seizure of digital assets associated with the now-defunct Silk Road left behind tokens worth millions of dollars. According to Coinfirm, there are still valuable balances held on forked addresses originating from that wallet. On November 5, the DOJ announced that a hacker known as Individual X had cooperated with law enforcement and agreed to relinquish control of over $1 billion worth of bitcoins. At the time of the seizure of the 69,370  BTC , news.Bitcoin.com  reported  the DOJ confirming that 1HQ3-the address that was controlled by Individual X also contained approximately 69,370  BCH , BTG, and  BSV . However, in its  update  following “a self-funded investigation”, the analytics firm says the US “government seemingly overlooked and left it in the hands of whoever has access to the private keys of the main wallet.” While Coinfirm is claiming that funds worth millions of dolla...