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“# Bitcoin price climbs 20% overnight as US banks brace for 40% profit cut ” The dollar value of Bitcoin (BTC) jumped 20% overnight leading into Jan. 12, as the world’s most well-known cryptocurrency recovered swiftly from a 27% decline suffered just days before. The broader cryptocurrency market followed suit on Tuesday, as over $150…
“# IMVU’s new blockchain-backed stablecoin goes live ” IMVU’s new fiat-convertible VCOIN goes live on the social network. Per a Jan. 12 company announcement shared with Cointelegraph, VCOIN is available for users of IMVU, starting today. IMVU already hosts over 27 million transactions a month using its non-blockchain-backed credits. VCOIN aims to give users involved…
“# Blockstream expands Liquid Federation, but LBTC adoption remains slow ” Blockstream has added six more members to the federation that governs Liquid, the firm’s Bitcoin sidechain for inter-exchange settlement network. The six new Liquid Federation members include Bitcoin web wallet Coinos, crypto custodian Komainu, network privacy firm Nym, blockchain development company Vulpem Ventures, broker…
“# EToro slammed for short-notice halt to BTC margin trading amid ATH price surge ” A Wall Street Journal report published Jan. 12 claims European eToro users were given just four hours notice that the platform’s margin trading services would be halted on Friday. EToro users were informed they must increase their margin collateral to…
“# Profit taking? Institutional crypto fund inflows drop 97% in three weeks ” Capital inflows into crypto funds and investment products plummeted during the first week of January after posting new all-time highs in late-December. According to crypto fund manager CoinShares’ Jan. 11 Digital Asset Fund Flows report, the first week of trading in the…
“# XRP tumbles despite former Amazon exec joining Ripple as engineering lead ” Amid legal action from the SEC, Ripple has brought in fresh blood from Amazon to lead its engineering team. In a statement released today, Ripple CEO Brad Garlinghouse announced that former Amazon vice president of delivery experience, Devraj Varadhan, has joined Ripple…
“# Hedera Hashgraph presents e-Apostille PoC to Texas Secretary of State ” Enterprise blockchain platform Hedera Hashgraph has presented a proof-of-concept, or PoC, to the Texas Secretary of State, showing the potential of blockchain technology to issue, secure and verify documents. The PoC was a collaboration with content services provider, Hyland, and was spearheaded by…
“# CNBC’s Jim Cramer says he won’t buy Bitcoin above $20K following 20% crash ” Jim Cramer, the host of CNBC’s Mad Money, said he is still “playing with the house’s money” after selling off some of his crypto before the recent price crash. In an interview with TheStreet, Jim Cramer said he still believed…
“# MicroStrategy stock finally takes a breather following massive BTC-inspired rally ” Shares of MicroStrategy (MSTR), a business intelligence firm with considerable exposure to Bitcoin (BTC), declined sharply on Monday, as profit-taking ensued following a parabolic rally over the past month. The stock touched an intraday low of $464.51 in New York trading, representing a…
“# Binance and Orbs sponsor new accelerator for DeFi startups ” Orbs, an Israeli blockchain company building a public blockchain infrastructure project, and Binance, announced Monday the launch of a new accelerator for the DeFi ecosystem. Named DeFi.org, the accelerator focuses on supporting research and development of open-source software and community development in the DeFi…