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“# Five times crypto got weird in 2020 ” Every industry, group, clique and conclave has its own share of weirdos — cryptocurrency and blockchain are no exception. Considering that cryptocurrency is the so-called “native” currency of the internet — the repository of the sum of human knowledge and the eccentricities there contained — the…
“# Vinnik’s attorney appeals against 5-year prison sentence ” The defense team of Alexander Vinnik, an alleged Bitcoin launderer who was sentenced to a five-year prison term, disagrees with the court’s decision. According to a Dec. 18 report by Russian news agency Kommersant, Vinnik’s attorney Frederic Belot has appealed the French court’s judgement, arguing that the…
“# The threats to DeFi’s sustainability — and how to fix them ” In the space of 12 months, DeFi has become a $15 billion industry — spawning governance tokens that are now worth even more than Bitcoin. But the rapid explosion of protocols has brought considerable growing pains… and concerns that the sector is…
“# Bitcoin adoption in Nigeria soars as central bank blocks remittances in Naira ” Peer-to-peer (P2P) Bitcoin (BTC) volume in Nigeria continues to rise as Africa’s largest economy remains a bastion for crypto adoption. According to Quartz Africa, data from the Bitcoin P2P marketplace Paxful show the country ranks second only to the United States…
“# What Bitcoin all-time high? These 3 charts prove new retail buyers aren’t here yet ” Bitcoin (BTC) has gained 30% in a week and topped out at $23,777 on Dec. 16 — but hardly anyone in the world knows yet, data suggests. According to charts tracking public awareness of what Bitcoin has done recently,…
“# US Treasury to hire crypto policy officers to combat industry crimes ” The United States Department of the Treasury is looking for expert advice on cryptocurrencies to tackle legal challenges associated with the industry. The U.S. Treasury’s bureau, Financial Crimes Enforcement Network, or FinCEN, has posted two job applications for crypto policy officers. The…
“# Can gold and Bitcoin coexist? Goldman Sachs says yes ” Bitcoin’s (BTC) parabolic surge in 2020 will not hurt major traditional assets like gold, according to Goldman Sachs. One of the world’s biggest investment banks, Goldman Sachs reportedly sent a note to investors, reassuring its clients that Bitcoin does not pose an existential threat…
“# Bitcoin price must hit $1 million for 1 satoshi to reach parity with 1 cent ” Bitcoin (BTC) may be circling all-time highs, but a new storm is brewing around its smallest subunit, the satoshi or “sat.” As more first-time investors pile in to BTC, attention is once again highlighting the fact that many…
“# Twitter loses its mind over rapper’s ‘$1M Bitcoin giveaway’ … worth $11 each ” Cash App, the Bitcoin-friendly payments application from U.S. financial services company Square, has teamed up with Grammy-nominated rapper Megan Thee Stallion on a $1 million Bitcoin giveaway. Megan announced the promotional campaign via Twitter on Dec. 17. The post has…
“# Urgent plea to prevent auction of $1.6B Bitcoin seized from Silk Road hacker ” Bitcoin influencer Pierre Rochard has called on lawmakers to prevent more than $1.6 billion worth of seized Bitcoin from being auctioned, proposing instead that confiscated coins be put into a strategic BTC reserve. Rochard, a Bitcoin maximalist behind the recent…