To think that such a festive concept, one that evokes both sophistication and childlike wonder, could become so financially charged … Last week, Bank of America Securities chief investment strategist Michael Hartnett said in a note that bitcoin looks like “the mother of all bubbles.”...
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China’s Blockchain-Based Service Network to Integrate Central Bank Digital Currency – CoinDesk
China’s Blockchain-based Service Network (BSN) – a permissioned blockchain network for building decentralized applications and tokens – plans on releasing a beta central bank digital currency (CBDC) as early as the second half of 2021, according to a Jan. 15 blog. Disclosure
AC Milan employs blockchain to reach 450 million fans amid COVID lockdowns
European football giant AC Milan is the latest sporting organization to jump on the blockchain bandwagon after it announced the impending launch of the $ACM fan token on the Chiliz (CHZ) blockchain. With the launch expected to commence in the coming weeks, ACM token holders...
After alleged hack, Russian crypto exchange Livecoin shuts down
Russian cryptocurrency exchange Livecoin has announced it is shutting down after abruptly halting operations in late December 2020. According to Livecoin’s main page, the exchange is unable to continue operations due to financial and technical damages caused by an alleged attack on its servers in...
Chainlink surpasses Bitcoin Cash making LINK the 8th largest cryptocurrency
Chainlink (LINK), the oracle-focused blockchain protocol, surpassed Bitcoin Cash (BCH) to become the eighth-biggest cryptocurrency as of Jan. 18. The market capitalization of Chainlink now hovers at $9 billion and roughly $500 million away from the next biggest crypto asset, Litecoin (LTC). LINKUSDT 1-day price...
Mitsubishi and Tokyo Tech create blockchain system for P2P energy trading
Mitsubishi Electric has teamed up with researchers from the prestigious Japanese university, Tokyo Tech, to jointly design a blockchain-based trading system that can support more flexible, peer-to-peer energy trading. Announced on Jan. 18, the new system is intended to support the efficient use of surplus...
Bitcoin meets Biden: 5 things to watch for BTC price this week
Bitcoin (BTC) is back in familiar territory as the week begins after a weekend spent ranging in its new, albeit large, trading corridor above $30,000. With the United States presidential inauguration just days away, Cointelegraph takes a look at what else may be able to...
Bitcoin gets physical: Art or digital heresy? – Cointelegraph Magazine
Since 2011, a group of enthusiasts and collectors have been obsessed with the physical manifestation of Bitcoin. On the face of it, physical Bitcoin seems like a contradiction to the key terms that define it, so a trustless, instantly transferable virtual currency becomes a real...
SBF leads $50M funding round to bring DeFi to Maps.me’s 140M users
Leading offline mapping application Maps.me has conducted a $50 million fundraising round to embed decentralized finance tools onto its platform. The funding round for “Maps.me 2.0” was led by Sam Bankman-Fried of Alameda Research and also featured participation from crypto venture heavyweights CMS Holdings and...
Bitcoin open interest hits $8.8B as 45% of BTC options expire in 2 weeks
Over the past two months the open interest on Bitcoin options has held reasonably steady even as the figure increased by 118% to reach $8.4 billion as (BTC) price rose to a new all-time high. The result of Bitcoin’s price appreciation and the rising open...