Source: Skew The acting comptroller finds himself in an unenviable position “There will certainly be a transition period where both networks are running,” Jack O’Holleran, the CEO of the Skale Network — a blockchain platform based on Ethereum — told Cointelegraph, elaborating that this process will take some time: “Given the small scale of operations and low financial independence, smaller artists need to have high levels of financial and legal literacy, in order to secure their own financial stability.” Secure wallet storage, good corporate governance and controls, Anti-Money Laundering, data protection, tax compliance, and cybersecurity are all well-known risks that must be managed In her letter, Waters (D-Calif.) called on Biden to rescind guidance by the OCC that national banks may hold stablecoin reserves as a service to bank customers. This can be incredibly inefficient, not least because time-starved consumers are likely to forego discounts if it means filling out yet another application form. Their machines are often quite expensive, while GPUs are a lot more affordable.” Big Four firm EY is also driving innovation in the blockchain space Blockchain to Disrupt Music Industry and Make It Change TuneANALYSIS It’s important to note that MicroStrategy’s case with Bitcoin bears great significance, considering that the firm is a publicly traded company listed on the Nasdaq stock exchange. Bitcoin “quietly eating the financial world” Old guards constantly warn newcomers: “Take it slow, learn the basics and stack sats.” Wealth, in this space, can appear and disappear in an instant. Bitcoin still beats gold as an investment in 2020 despite the precious metal generating its biggest returns in a decade. Of course, there are 18 other Triple Mystic Axies -- and 3 Quad Mystics, even -- but it is the combination of all those things that make me, Axia, the greatest of all As the business of digital assets continues to grow and mature, and compliance and regulatory standards become more robust, auditors will continue to play a pivotal role.” Ghosh explained that recent KPMG projects have been primarily related to defining blockchain strategies, participant onboarding, and governance and operating models Source: CryptoQuant This is why optionality becomes so important: It allows project builders to do what they do best and users to become the key driver in project evolution Stablecoins have the potential to improve the efficiency of the existing financial system by offering faster, cheaper payments, especially with respect to cross-border remittances Bitcoin traders nervous after $19.5K rejection — Here are the bear, bull scenarios ANALYSIS Fresh off its second-best quarterly close on record, Bitcoin is up almost 50% in 2020, while gold has managed just half of that at 25.6%. It can also help shift the control currently held by third-party intermediaries such as labels and platforms, which have considerable influence over what music gets to be heard by the general public. Read more: OCC Chief Hints at Coming ‘Good’ Actions on Crypto by End of Trump’s Term This time around, the block reward halving was met with relatively low selling pressure. Its report said that customers now expect rewards that are tailored around their personal tastes, and younger shoppers want their favorite brands to use technology that delivers a frictionless experience. GPUs are much cheaper and more accessible than ASICs, as Thomas Heller, the global business director of cryptocurrency mining pool F2Pool, explained in a conversation with Cointelegraph: CT: Care to tease some of your plans going forward? Take notice of how the fixed-calendar futures should usually trade with a 0.5% or higher premium versus regular spot exchanges Despite the delays that Ethereum 2.0’s Beacon Chain has faced, Ankr is positive that Phase 0 will launch on Dec Disclaimer While Kusama’s node count was approaching 180 in February, the network now has 700 active validators with a further 393 waiting. And Facebook’s Diem, formerly Libra, is part of that future. Funding rates ensure there are no exchange risk imbalances Kyle Davies, the co-founder at Three Arrows Capital, one of the largest funds in the cryptocurrency sector, said: This is an infinite game. While it’s a good way to fight deflation, negative and low interest rates discourage people from investing in safe assets We will be sharing more details in the coming weeks, but I’m excited to announce that we will be launching v1 of our platform on Dec More recently, Accenture collaborated with Fujitsu on an open-source software development kit called Hyperledger Cactus, which is designed to solve blockchain interoperability challenges This way, all hosting fees associated with streaming are virtually removed. The firm is a mere $200 million away from reaching $10 billion in AUM. Institutional investors won’t save crypto, but they will help it growOPINION But should we celebrate institutional investors as the “saviors” of crypto? Or, on the contrary, are they the ones that will lead to the digital asset industry’s downfall? The good news about the slowness of this transition is that DApps and DeFi platforms will be able to move over at their leisure based on real-world evidence of viability, security and adoption Accenture is also working closely with the WEF on regular blockchain reports To help users get the hang of the DMEX interface, demo trading accounts are available where strategies can be put through their paces using test funds. However, there is still a major difference between these processes Aleksander closed out by saying: “If the industry collectively adopts such solutions and processes, the capability of such scams of not only being successful but being able to take advantage of the stolen funds will become severely limited.” Platinum has been developing enterprise-level blockchains and software since 2015 — counting mobile banking applications, bounty platforms, stablecoin ecosystems, DeFi protocols and yield farming services among its achievements. 'I am a wonder:' An interview with an Axie Infinity NFT Professor Talis Putnins, co-author of an influential University of Technology Sydney report on cryptocurrency and illegal drugs, had this to say about cryptocurrencies: Thus, they are an integral part of the online drugs trade.” 2020 is no exception to the rule that putting $1 into Bitcoin nets investors more than traditional assets. Announced on Dec Bitcoin supply activity Stkr also caters to higher net worth individuals who want to stake large amounts of Ether, but don’t want the responsibility associated with running the nodes themselves In time, it’s hoped that the “Q” DeFi Rating will be regarded as a better alternative to other data sites such as DeFi Pulse. The alliance is currently accepting applications from developers building on Polkadot Network or Substrate. Second, fund managers say that this could make Bitcoin even more dominant in the cryptocurrency market Possibly due to the optimistic medium-term trend of Bitcoin, there was an increase in the number of high-net-worth investors moving funds off exchanges to personal wallets in recent months. 15 to Nov Central banks and regulators have been galvanized into action since Facebook first announced its intentions by publishing a white paper in 2019 24, independent financial researcher Jan Nieuwenhuijs reported that gold saw its largest weekly outflow in history. The mining industry remains healthy despite the halving, which might further brighten the sentiment around Bitcoin overall. 3, the alliance aims to overcome the decentralized nature of the Polkadot ecosystem, providing a platform for its community to discuss using the Polkadot Network and its underlying Substrate technology stack for DeFi. According to The Nilson Report, $32 billion was lost to card fraud in 2019, and it’s an issue that’s set to stubbornly remain throughout the 2020s. Whenever this premium fades or turns negative, this is an alarming red flag Not only do I wish to spread the word of my legendaryness, I do genuinely hope to be a positive force in the crypto ecosystem. Bitcoin still beats gold as an investment in 2020 despite the precious metal generating its biggest returns in a decade. The state of the world economy has pushed institutional investors to look for alternative methods of investment With support for ETH 2.0 now available, Ankr now supports more than 50 blockchain protocols — including Binance, Bitcoin, Celo, Chainlink, Neo, Polkadot and Zcash However, this doesn’t mean that traditional instruments are failing investors The future of blockchain in music With institutional investors, crypto looks forward to a brighter future Others will refer to the leaderboard data, therefore monitoring accounts that did not opt-out from the ranking, but this is not accurate. How DeFi can improve the e-commerce sector Ready to serve This is a net positive for the Ethereum ecosystem.” Instead, it’s a sign of the natural development that all new markets go through as they enter into the mass adoption phase, which will result in a more mature, more stable, less volatile cryptocurrency sector. Shultze-Kraft said: This wasn’t the first time Bitcoin (BTC) crashed, and it won’t be the last. Our goal should be to increase the number of users — i.e., encourage mass adoption — and attract traditional markets and nontechnical investors Such is the power of Facebook’s network effect. Bitcoin rally keeps stalling at $19,500 Commenting on the issue of how companies can best limit the spread of crypto-related scams, Aleksander stated that despite most social media platforms and messengers attempting to come down more seriously and limit such nefarious schemes, there are still many challenges that have yet to be tackled successfully Related: Stablecoins, Explained “This can happen by achieving a synergy between AML, fraud investigations and an open data ecosystem that takes the security of crypto financial markets to a level never seen before or even thought possible in traditional finance.” “What's worse is that [Joe Biden's] 1st term may add more than both combined.” Soon, a group of developers proposed “programmatic proof-of-work,” or ProgPoW — an extension of the current Ethereum algorithm, Ethash, designed to make GPUs more competitive, thereby promoting decentralization. Structured and regulated appropriately, stablecoins have the potential to bring cryptocurrencies to an entirely new generation of users. Analysts at CryptoQuant found that open interest on Binance Futures is rising while the estimated leverage ratio is declining, which suggests that traders are becoming increasingly cautious and uncertain about Bitcoin's next move $2.3B in Bitcoin exchange outflows dwarfs the amount of new BTC minedMARKET ANALYSIS Top 20 crypto asset by market cap Tezos (XTZ) has successfully completed its latest upgrade, “Delphi,” which aims to reduce smart contract gas fees by 75% to attract decentralized finance developers to build on top of its blockchain. DMEX, which was first launched in June 2019, says that it is now on the fifth interaction of its smart contract infrastructure — adding that zero funds have been lost due to bugs or hacks over this period. Source: CryptoQuant The trader also said: “A Green 1 candle signals the start of an upward trend This means that users have the freedom to sell or spend their staked assets, or use them in DeFi applications, at any time. However, factors like Bitcoin’s adoption rate and the current macroeconomic situation have a more substantial impact on the underlying long-term BTC price movement than do institutional investors. Until the next halving in 2024, 900 BTC will be mined per day. Related: Will PayPal’s crypto integration bring crypto to the masses? Experts answer In the short term, analysts see weakness in BTC and other leading cryptocurrencies due to external variables like the COVID-19 pandemic. Choon, for example, offers listeners rewards for curating personalized playlists, and Viberate rewards fans with its native VIB tokens for contributing to its database of artists, venues and events The transition of royalty payments into the blockchain should empower artists in the music industry by increasing their bargaining power for asking higher payouts, claims a report that blockchain-based digital music platform, OPUS has shared with Cointelegraph. But this won’t lead to the digital asset industry’s downfall Other platforms such as Mediachain, Musiclife, eMusic and others focus on the same royalties issue and use similar technology to provide independent artists with a bigger piece of the pie they are effectively creating GPUs are much cheaper and more accessible than ASICs, as Thomas Heller, the global business director of cryptocurrency mining pool F2Pool, explained in a conversation with Cointelegraph: Consequently, miners have less incentive to sell large amounts of BTC in the near-term to cover costs Nevertheless, if the bulls prevail here, the $20,000 level would be the next — and perhaps the more psychologically important — area to defend for the bears, in the near term The Big Four firms play a critical role when it comes to performing audits for crypto and blockchain companies The Bitcoin hash rate recovering so quickly after the rainy season is an optimistic trend because it suggests that miners are likely expecting the price of BTC to rise in the medium term. The state of the world economy has pushed institutional investors to look for alternative methods of investment A pseudonymous trader known as “CryptoCapo” said that “bears don't want to see price above $19,500,” while bulls do not want the price to go below $18,500. From March to July of that year, BTC rose from around $4,000 to $14,000. It’s time to mature: We need compliant decentralized finance The report adds that new platforms will have room to grow: Regulators are now working to address these concerns — failed to achieve “We are not a product company, but rather we engage with clients to choose a platform that best suits their specific needs Rising hashrate brings all macro factors together Some foresee the dominant cryptocurrency undergoing a consolidation phase or another minor correction in the near term, particularly as the U.S Movies were made about them Standing out from the crowd Limits and safety margins The team is actively developing 168pools.com, which delivers detailed information about liquidity pools, coins and protocols offered by the world’s biggest DeFi platforms Uquid is aiming to establish a bridge between DeFi and e-commerce through Defito, a new ecosystem featuring concepts that haven’t been seen in the retail sector before. Meanwhile, Bitcoin is becoming more difficult to trade because of the volatility at the $19,500 resistance level See, you can't categorize me except #irresponsiblylong Good night all.” While Bitcoin mining has become almost entirely reliant on ASICs — large, loud machines designed specifically for cryptocurrency mining that are mostly clustered in regions with cheap electricity — Ethereum’s PoW hashing algorithm, called Ethash, has been designed to favor GPU units issued by global chipmakers like Nvidia and AMD As Deloitte recently noted, the tried-and-tested approach of securing repeat custom from shoppers needs a drastic rethink — warning that traditional schemes are “tired” and lack personalization Source: CryptoQuant By signing up, you will receive emails about CoinDesk products and you agree to our terms & conditions and privacy policy. Most specifically, United States institutions have a narrow selection of investment vehicles that can be used to gain exposure to Bitcoin Ripple has filed a motion to dismiss a class-action lawsuit alleging that it held an unregistered securities sale of its XRP tokens. “No one goes gold -> $BTC -> alts This year has seen big high net worth inflows from USD or gold to BTC At present, someone can only become a validator on ETH 2.0 if they have 32 ETH to stake Realized volatility of Bitcoin hit a yearly low on June 24 The launch of Ethereum 2.0 has challenges — but this Web3 specialist has launched a new protocol that will allow people with less than 32 ETH to get involved in staking. $1 invested on 6 Oct 2009 (when BTC was first priced) would be worth $13.9m today. BTC saw a severe sell-off every time this area was tested in the past week. The near-term trend of BTC remains uncertain Raoul Pal, the CEO of Real Vision Group, for example, pointed out that technicals suggest BTC is at risk of seeing a correction Now, anyone can become a merchant — and once exotic products can be delivered to your doorstep in a matter of hours I hope said whitepaper stands for something” was one of the top comments in a r/EtherMining thread discussing the Antminer E3 around the time it was announced If the demand for Bitcoin continues to rise, then the decline in supply would cause the value of BTC to surge He said: Not a single one squarely addresses whether XRP is an unregistered security.” Encouraging retailers to work together can also make these schemes more financially viable — and this is important given how Deloitte describes existing initiatives as “risky and expensive.” Just like DeFi can help the world’s 1.7 billion unbanked consumers access financial services, it can also open much-needed doors to the world of e-commerce. The indirect and immediate impact will be in relation to how the supply and perceived value impact the price of tokens on both networks.” The data portrays the unwillingness of many retail investors to sell BTC, noting that: “There have been only 16 days since the beginning of this year, in which the BTC Hodler Net Position Change has been negative.” Opus uses the InterPlanetary File System, or IPFS, which is a P2P network for file sharing and storage where users of the network also act as servers He said: We spend a lot of time building preferred strategic alliances with ecosystem partners Since their equipment will become obsolete, they will be forced to start mining altcoins, or recertify as ETH stakers Whales selling below the all-time high is the one key reason Bitcoin is experiencing massive volatility each time it nears $19,500. Altana Digital Currency Fund chief investment officer Alistair Milne suggested that if this drop could not shake investor confidence, there are not many factors that could in the future — Willy Woo (@woonomic) October 6, 2020 However, five major fundamental factors still point toward a prolonged uptrend by 2021. Axies — the cute, digital critters inspired by Pokemon — populate the rapidly growing blockchain-based game Axie Infinity Source: Bybt.com Opus also leverages the Ethereum network as a payment layer Institutions, especially those gaining exposure to BTC through the Grayscale Bitcoin Trust, are likely accumulating BTC with a long-term strategy. There are often discrepancies between exchanges' methodology, so readers should monitor changes instead of absolute figures. Based on my interactions with my creators, they have a strong vision for the world they want to create CryptoQuant CEO Ki Young Ju told Cointelegraph explained that whale inflows hit an eight-month high when BTC got close to $20,000 The Ethereum consensus is currently based on the PoW system, which is similar to that of Bitcoin (BTC) Alaa Mohammed Allawi pleaded guilty to the drug charges and acknowledged using the now-defunct online darknet market Alpha Bay to sell a variety of hard drugs, such as oxycodone laced with fentanyl, while accepting payments in cryptocurrencies Michael van de Poppe, a full-time trader at the Amsterdam Stock Exchange, noted that Bitcoin falling under $18,500 would likely mean retesting the $16,000 support area The recent institutional surge’s impact on crypto Learn more about Platinum Consequently, miners have less incentive to sell large amounts of BTC in the near-term to cover costs Based on my interactions with my creators, they have a strong vision for the world they want to create And I believe that will be revealed in due time. Despite its increasing strength, the U.S Loyalty schemes top this list The future of blockchain in music Blockchain technology has the power to increase financial inclusion and change the lives of many throughout the world, especially in emerging economies where it’s needed the most Disclaimer Polkadot has become the latest Ethereum competitor to launch a decentralized finance alliance. Will we find out whether XRP is a security? Others will refer to the leaderboard data, therefore monitoring accounts that did not opt-out from the ranking, but this is not accurate. The performance of BTC over the next several weeks could hint at its price trend throughout the year’s end. The Bitcoin ecosystem consists of a global network of stakeholders, including the miners that secure the network and drive the issuance of the Bitcoin currency, the traders who speculate on this radically market-driven asset, and the builders working to onboard people to the cryptocurrency paradigm — Jefferies told Cointelegraph that as per his company’s latest research, cryptocurrencies are considerably cleaner than their reputation would suggest: Axia: That’s interesting to think about, but I’m really not sure Whales selling below the all-time high is the one key reason Bitcoin is experiencing massive volatility each time it nears $19,500. Possibly due to the optimistic medium-term trend of Bitcoin, there was an increase in the number of high-net-worth investors moving funds off exchanges to personal wallets in recent months. Concerts and merchandise are also known to represent a large portion of revenue, but blockchain technology now provides new ways to explore this even further. In February, KPMG announced a new U.S This time around, the block reward halving was met with relatively low selling pressure. DEC 03, 2020 One is an anonymous communications platform, which was provided by the darknet and underpinned by TOR (an anonymous communications protocol) In this light, Waters’ action is bound to be seen as part of a coordinated effort to impose more severe regulatory oversight on stablecoins, if not all cryptocurrencies, as a way to undo what she termed the harms of President Donald Trump’s administration. In September, the firm bought another $175 million worth of BTC, bringing its BTC holdings to about 38,000 BTC First, Bitcoin could see a more sustained uptrend that has emerged since September DEX offers margin trading, anonymity, fast withdrawals and no KYCSPONSORED Related: Ethereum 2.0 Release Date Set for the Eleventh Hour as Issues Persist The Bitcoin hash rate recovering so quickly after the rainy season is an optimistic trend because it suggests that miners are likely expecting the price of BTC to rise in the medium term. He said: In his view, a balanced ecosystem is required, in which Anti-Money Laundering procedures can be democratized and users are given a voice: However, Kline explained that the Big Four’s core competencies need to be revamped to take advantage of what public blockchains offer, adding: Futures contracts should not trade below spot exchanges For example, KPMG offers a number of blockchain-based software solutions She wrote: My own existence is indicative of the start of such “Hardfork or die eth.” National Debt Clock. This company develops cutting-edge software and blockchain solutions from scratch — helping enterprises make the most out of this technology. Uquid believes that DeFi can help e-commerce businesses grow quickly and reach a broader cross-section of customers around the world “I can’t imagine how much of a dork I would be if I found a five-year lease with $0.04 power, and I was mining ETH and I decided to sell everything and just keep paying my lease so I could stake ETH as a replacement.” As Deloitte’s annual survey revealed, 55% of leaders say this technology is critical to the future of their operations — so much so that it’s in their top five strategic priorities. Possibly due to the optimistic medium-term trend of Bitcoin, there was an increase in the number of high-net-worth investors moving funds off exchanges to personal wallets in recent months. It’s up to the community to educate regulators and help them build a framework that achieves and maintains both sides’ goals. According to DMEX, expirations and liquidations are performed using decentralized price feeds from trusted exchanges including Bitstamp and Binance — meaning that its team has no way of manipulating the prices on user positions. Big Four firm Deloitte and the World Economic Forum also recently released a report on blockchain interoperability The team behind this decentralized exchange previously operated a large, centralized exchange that specialized in trading Bitcoin — giving them first-hand experience of the improvements that need to be made to centralized platforms in order to provide a stable and secure trading environment. Therefore, those traders will be the ones paying up the fees. The report brings up a key finding, noting that although blockchains are built for specific industry ecosystems, the technology may work better if all of these were linked together under one framework. “Over the last couple of months, we’ve expanded our work Polkadot launches DeFi alliance with Chainlink and will let 1000 nodes bloom Madden further noted that it’s complex for a digital asset firm to undergo an audit, mentioning that it specifically involves valuation methodology and proof of control, covering both cash and digital assets I believe AxieTree will significantly lower the barrier to entry and help make the game more fun. AxieTree’s marketplace will reward lenders while helping bring many new players to the Axie ecosystem via borrowing The platform is set to launch on June 28, and it will also seek to allow listeners to capitalize on their musical insight by buying and trading music royalty shares on a secondary market I hope that the wider Axie community will shower me with love To start with, Bitcoin’s supply that has not moved for over a year has hit an all-time high, standing at 61% Madden further noted that it’s complex for a digital asset firm to undergo an audit, mentioning that it specifically involves valuation methodology and proof of control, covering both cash and digital assets Every investment and trading move involves risk blockchain lead, told Cointelegraph that the firm saw a marked increase in revenue coming from blockchain initiatives last year. The data portrays the unwillingness of many retail investors to sell BTC, noting that: “There have been only 16 days since the beginning of this year, in which the BTC Hodler Net Position Change has been negative.” If BTC keeps getting rejected by the $19,150 and $19,400 resistance levels, the probability of a drop will continue to rise. What has changed since Satoshi wrote the Bitcoin white paper? How is Bitcoin trading developing over the years, what are the best ways of investing in Bitcoin, and how do Bitcoin futures influence blockchain adoption? How will industry stakeholders work to make Bitcoin a mainstay in people’s lives, and will incumbent and legacy systems accept or fight this change? Institutional investors won’t save crypto, but they will help it growOPINION Its volatility serves as a dire warning to those who like to test how deep the pool is by jumping in headfirst dollar has netted savers just 2.2% year-to-date returns, while oil is the big loser, with WTI crude down by almost 35%. Each of these recommendations would undo work conducted by Brian Brooks, the Acting Comptroller of the Currency While some platforms such as eMusic reward fans through exclusive content and lower prices, other methods are also being applied Diem, formerly known as Libra, is the most high-profile stablecoin The platform is set to launch on June 28, and it will also seek to allow listeners to capitalize on their musical insight by buying and trading music royalty shares on a secondary market 3 and Nov Consequently, miners have less incentive to sell large amounts of BTC in the near-term to cover costs Source: Binance The Bitcoin hash rate recovering so quickly after the rainy season is an optimistic trend because it suggests that miners are likely expecting the price of BTC to rise in the medium term. Smart contracts, smarter shopping Meanwhile, MicroStrategy, the $3 billion business intelligence conglomerate, has just bought an additional $50 million in Bitcoin at the current price level, which yet another optimistic factor for Bitcoin The large mining centers based in Sichuan, China, remain largely profitable The large mining centers based in Sichuan, China, remain largely profitable By signing up, you will receive emails about CoinDesk products and you agree to our terms & conditions and privacy policy. If BTC loses the support and falls below $18,500, technical analysts say that a larger drop could occur However, blockchain technology is also becoming an easy and streamlined way for independent artists to deal with other facets of the industry that can often be challenging for upcoming artists 4, Ripple argues that the plaintiffs’ case is contradictory and “self-defeating.” Alongside a reiteration of previous arguments, the company now also claims that, even if XRP were a security, the statute of repose had passed before the lawsuit was brought to court. An exclusive report shared with Cointelegraph highlights the positive impact that blockchain could have on the music industry. Bitcoin still beats gold as an investment in 2020 despite the precious metal generating its biggest returns in a decade. With Diem, there is also the potential for massive network effects Looking ahead, Platinum is developing several projects dedicated to the exchange of stablecoins and is moving toward a partnership with a major Swiss company to establish regulated custody under Switzerland’s laws. Uquid is aiming to establish a bridge between DeFi and e-commerce through Defito, a new ecosystem featuring concepts that haven’t been seen in the retail sector before. The state of the world economy has pushed institutional investors to look for alternative methods of investment Instead, we are going through a phase in the world economy’s development where low-risk investments don’t yet provide decent returns to investors. Polkadot has become the latest Ethereum competitor to launch a decentralized finance alliance. Juan Aja Aguinaco is an entrepreneur, startup consultant and co-founder of Shyft Network Inc This is just one of many misconceptions about Grayscale’s trusts.” At the time, crypto-focused lawyer Jake Chervinsky said: A sudden move below the 1.00 long-to-short ratio would be a troubling signal in the above example While analysts note that it is critical to consider numbers that could potentially amplify the actual figures of the trust, accumulating 31% of mined Bitcoin is still a substantially high number. dollar has netted savers just 2.2% year-to-date returns, while oil is the big loser, with WTI crude down by almost 35%. The public company first announced its purchase of $250 million worth of BTC on Aug Unsurprisingly, professional services giants are among those taking a larger role in tackling new market challenges What does this mean for Bitcoin? In the short term, traders generally foresee two important support and resistance levels for Bitcoin Professional service giants like the Big Four are innovating in the blockchain and crypto space This is because the metrics discussed provide a direct gauge of professional traders' sentiment, and it is crucial to have a clear view of this as BTC tries to break $20,000. Whales selling below the all-time high is the one key reason Bitcoin is experiencing massive volatility each time it nears $19,500. Unlike other decentralized exchanges, DMEX also says that it allows Bitcoin to be used as a margin currency 3 I suppose that in a sense, NFTs such as myself can serve as a status symbol It’s up to the community to educate regulators and help them build a framework that achieves and maintains both sides’ goals. Axia: That’s interesting to think about, but I’m really not sure This shows that institutions have confidence in the long-term trend of BTC, and more than they did three years ago. Fees for the use of intellectual property increased at an annual rate of 8.99% in 2017 and 5.81% in 2019. Platinum has several case studies that powerfully illustrate its expertise Huobi and the Web3 Foundation are pouring resources into supporting projects on Polkadot Some websites host trading indicators that claim to show the long-to-short ratio for various assets, but in reality, they are simply comparing the volume of the bids and offers stacked. Related: Ethereum 2.0 Release Date Set for the Eleventh Hour as Issues Persist Breaking $19,400 = new ATH A Web3 infrastructure provider has launched a cutting-edge solution for some of the biggest issues and challenges associated with the long-awaited launch of Ethereum 2.0. “Auditing, like regulatory clarity, provides confidence to all stakeholders that companies are operating transparently and adhering to expected industry standards We hit 2.5 BTC when the price was tapping $20k Every investment and trading move involves risk Impending authorization from Switzerland’s regulator is the final link in the chain for Facebook to launch Diem as a payment method While Big Four firms are able to shed light on auditing for crypto companies, each of them are also working on building blockchain systems That is the role that cryptocurrencies have played Ankr’s new protocol, known as Stkr, offers a workaround by offering Micropools, meaning people with a lower ETH balance can get involved Tezos conducted an initial coin offering in July 2017 — raising $232 million in what was the largest ICO to date — before launching its mainnet in beta one year later. XTZ is currently trading for $2.06 each. In a pair of blog posts, the Seychelles-based exchange announced a Polkadot Sponsorship program, as well as a $5 million Tether stablecoin fund from the Huobi Innovation Lab to support “developers, event organizers, content creators, and ambassadors” throughout the Polkadot ecosystem. A block reward halving occurs every four years until the fixed supply of Bitcoin at 21 million gets reached. Looking to the future Of course, decentralized finance is one of the crypto industry’s big focal points right now and Platinum has been instrumental in bringing products to life that will help drive this bustling sector forward It also allows users to tip their favorite artists directly The stakes are high, and they are looking into Bitcoin for a very good reason. I hope that my being as an NFT can help bring positive human interactions full of love and harmony. We hit 2.5 BTC when the price was tapping $20k The data portrays the unwillingness of many retail investors to sell BTC, noting that: “There have been only 16 days since the beginning of this year, in which the BTC Hodler Net Position Change has been negative.” Choon and eMusic, two other streaming platforms, allow artists to crowdfund projects, creating a new revenue stream while generating a monetary investment in the recording and marketing of a song or a full-length project. total debt has now passed $27 trillion for the first time in history, according to the U.S That means that those manufacturers have spent a lot of money to research and develop it Bitcoin traders nervous after $19.5K rejection — Here are the bear, bull scenarios We spend a lot of time building preferred strategic alliances with ecosystem partners “Its in the Whitepaper that ETH shall be ASIC resistant Additionally, Accenture and the Digital Dollar Foundation released a Digital Dollar white paper on May 27, which provides key findings on a U.S But at the moment we don’t really have that.” Such a situation, also known as backwardation, indicates strong bearishness. In his view, a balanced ecosystem is required, in which Anti-Money Laundering procedures can be democratized and users are given a voice: Whales selling below the all-time high is the one key reason Bitcoin is experiencing massive volatility each time it nears $19,500. blockchain lead, told Cointelegraph that the firm saw a marked increase in revenue coming from blockchain initiatives last year. He has developed proprietary technology in the sector, including the first decentralized finance tool for institutions. Stablecoins have the potential to improve the efficiency of the existing financial system by offering faster, cheaper payments, especially with respect to cross-border remittances One such case is the software developed for Embily — a universal banking application for Android and iOS platforms that boasts an intuitive and user-friendly interface In a pair of blog posts, the Seychelles-based exchange announced a Polkadot Sponsorship program, as well as a $5 million Tether stablecoin fund from the Huobi Innovation Lab to support “developers, event organizers, content creators, and ambassadors” throughout the Polkadot ecosystem. Moreover, 44% hasn’t moved in 2+ years (approaching ATH), and almost 30% hasn’t moved in 3+ years — Jefferies told Cointelegraph that as per his company’s latest research, cryptocurrencies are considerably cleaner than their reputation would suggest: “I can’t imagine how much of a dork I would be if I found a five-year lease with $0.04 power, and I was mining ETH and I decided to sell everything and just keep paying my lease so I could stake ETH as a replacement.” Shultze-Kraft said: Another project from the United States, the Open Music Initiative, uses blockchain technology to identify music rights holders and has already drawn the likes of Soundcloud, Sony, YouTube, Spotify and Netflix as members, showcasing just how impactful the technology can be. Uquid Realized volatility of Bitcoin hit a yearly low on June 24 Related: Stablecoins, Explained It’s time to mature: We need compliant decentralized finance EY’s global blockchain leader, Paul Brody, previously told Cointelegraph that the firm has been working with Microsoft and ConsenSys to develop an open-source blockchain project called Baseline Protocol, which runs on the public Ethereum mainnet Providing his insights on the matter, Jefferies stated that part of the reason for the increasing use of BATMs by money launderers, such as in the Kunal Kalra case, is their increasing ubiquity across the U.S Alaa Mohammed Allawi pleaded guilty to the drug charges and acknowledged using the now-defunct online darknet market Alpha Bay to sell a variety of hard drugs, such as oxycodone laced with fentanyl, while accepting payments in cryptocurrencies In the same period, Bitcoin miners mined around 27,000 BTC, equivalent to around $437.4 million Facebook has 2.7 billion active monthly users, meaning Diem has the potential to become an instant “medium of exchange” in large parts of the world. CT: Back in Second Life’s heyday, there were real-life marriages that came about as a result of in-game interactions Every day, these small businesses face a dilemma CT: Back in Second Life’s heyday, there were real-life marriages that came about as a result of in-game interactions Source: CryptoQuant And I believe that will be revealed in due time. Every day, these small businesses face a dilemma Ghosh further noted that the firm has seen increasing interest in the use of blockchain in combination with other technologies such as IoT, AI and machine learning 15, Bitcoin (BTC) exchange outflows dropped from 2.5 million to 2.355 million, the lowest levels since August 2018 Its report said that customers now expect rewards that are tailored around their personal tastes, and younger shoppers want their favorite brands to use technology that delivers a frictionless experience. dollar that can help provide protection against price volatility. Thanks for your time, I’m sure that you’re busy The app also delivers a wealth of functionality, including card-to-card transfers, Know Your Customer checks and a comprehensive transaction history Axia: I hope to go as far as I can to expand the wider Axie universe - and most importantly - positively It’s a sort of “support local artists” mentality that may explain why 32% of the market share in revenue for both physical and digital music sales is held by independent labels, according to Opus The Big Four firms play a critical role when it comes to performing audits for crypto and blockchain companies For the past week, Bitcoin (BTC) price has been flirting with the $20,000 mark, which has led some traders to lose their patience PwC’s crypto teams are not only focused on tax and accounting challenges, but audit and assurance services are also in demand In his view, while it is nearly impossible to predict with any certainty how trends related to cryptocurrency theft and fraud will evolve this year, it is possible that by the time the year comes to a close, the amount of funds netted by criminals may exceed the expectations of the report, betting 2019’s $4.5 billion figure. While acknowledging the benefits that stablecoins could bring in the form of “faster, cheaper and more inclusive” global payments, it focused on the legal, regulatory and oversight challenges of this new innovation Soon, a group of developers proposed “programmatic proof-of-work,” or ProgPoW — an extension of the current Ethereum algorithm, Ethash, designed to make GPUs more competitive, thereby promoting decentralization. Related: Will PayPal’s crypto integration bring crypto to the masses? Experts answer Unlike other decentralized exchanges, DMEX also says that it allows Bitcoin to be used as a margin currency ANote Music, a Luxembourg-based startup, announced earlier this week that it will launch a blockchain-based platform that will give artists a new way of accessing capital by allowing users to invest in music royalties “Cryptocurrencies have fundamentally transformed the way illegal drugs are bought and sold, shifting much of the activity from a cash-based, physical ‘on the street’ market to an online marketplace.The online illegal drugs trade needed two fundamental things to take off Sudden shifts to the negative range indicate a strong willingness to keep short positions open Her Majesty's Treasury, the United Kingdom’s treasury department, plans to issue draft regulations for stablecoins and CBDCs soon. Axia: First - I am a big believer in value-add efforts dollar that can help provide protection against price volatility. Ankr aims to make the deployment of blockchain nodes easy, accessible, affordable and instantaneous — with a decentralized staking infrastructure that’s designed to lower barriers to entry for developers, enterprises and everyday crypto enthusiasts. In 2019, Cointelegraph reported several use cases of blockchain applied in the music industry such as the global media giant Warner Music “At present, the profit of ETH mining is not high, and the management threshold and cost of GPU devices are higher than that of Asic devices It also allows projects to limit their losses should a negative event impact them — for example, investment and withdrawal limits. Through this portal, students can access basic, intermediate and expert-level courses designed by fintech experts. The world's first social media-managed NFT shares its views and plans with Cointelegraph dollar has netted savers just 2.2% year-to-date returns, while oil is the big loser, with WTI crude down by almost 35%. To get a handle on this, Cointelegraph conducted a written interview with Axia (who told me that acceptable pronouns include “he/she/majesty/highness”), which has been edited for concision and readability, to get a better sense of where NFTs and ones like her highness are headed Are you adding richness to the Axie extended universe, or are you angling to increase your own resale value? Considering the general momentum of BTC, alongside increasing institutional interest, BTC bulls still have a good chance of breaking through the key $19,500 and $20,000 resistances. What would a compliant DeFi look like? 4, Ripple argues that the plaintiffs’ case is contradictory and “self-defeating.” Alongside a reiteration of previous arguments, the company now also claims that, even if XRP were a security, the statute of repose had passed before the lawsuit was brought to court. Stablecoins have the potential to improve the efficiency of the existing financial system by offering faster, cheaper payments, especially with respect to cross-border remittances CEO of independent consulting firm 101 Blockchains, Aviv Lichtigstein, further told Cointelegraph that Big Four firms in particular were quick to jump on the blockchain bandwagon but have remained silent about crypto adoption patent for a blockchain-based method designed to increase trust in AI data management practices Bitcoin remains too volatile, something clearly highlighted by last month’s price action. Kyle Davies, the co-founder at Three Arrows Capital, one of the largest funds in the cryptocurrency sector, said: Axia: That’s interesting to think about, but I’m really not sure As Deloitte recently noted, the tried-and-tested approach of securing repeat custom from shoppers needs a drastic rethink — warning that traditional schemes are “tired” and lack personalization In times where governments are floating bonds with negative interest rates and turning on the money-printing machine, people need better solutions to keep their wealth Aleksander closed out by saying: “If the industry collectively adopts such solutions and processes, the capability of such scams of not only being successful but being able to take advantage of the stolen funds will become severely limited.” Polkadot launches DeFi alliance with Chainlink and will let 1000 nodes bloomNEWS CT: Thanks, your majesty. Two announcements from Huobi Global on Friday indicate that the cryptocurrency exchange is angling to become a key player in the growth of the Polkadot network Engineers at Platinum have also developed a new formula that allows people to analyze crypto lending rates, the top DeFi protocols in terms of market cap and total value locked, and the success of Ethereum-based projects Diem, formerly known as Libra, is the most high-profile stablecoin Better yet, people should be able to grow financially, regardless of the central bank that governs a specific currency or determines monetary policy. While professional services organizations are innovating in the blockchain and crypto space, some think that more could be done given the potential and reach of these companies. The Delphi upgrade included optimizations to gas computation, including a reduction in the base cost of manager operations from 10,000 to 1,000 gas units, and implementation of new cost models for type checking and IOs. By acquiring substantial amounts of BTC, MicroStrategy believes firmly that this move won’t have adverse effects on its share price or corporate social responsibility. This fall, the European Commission launched a comprehensive legislative proposal for the regulation of crypto assets This is why global regulators are so concerned. “It is not easy for the average user to deploy an Ethereum 2.0 node,” Ankr said Some websites host trading indicators that claim to show the long-to-short ratio for various assets, but in reality, they are simply comparing the volume of the bids and offers stacked. The company can also assist with the creation of non-fungible tokens, another sub-section of the crypto industry that’s enjoying explosive levels of growth, after having been adopted by big brands, including the NBA Once the user has been validated, all other projects within the same trust channel — i.e., a group of virtual asset service providers, or VASPs, that have agreed to follow the same set of rules and to collaborate within a well-delineated platform — can give that user access to products and services without having to redo the entire KYC process 3, the alliance aims to overcome the decentralized nature of the Polkadot ecosystem, providing a platform for its community to discuss using the Polkadot Network and its underlying Substrate technology stack for DeFi. The company’s global head of business development, Dan Kochis, said: ‘Wake up and smell the coffee’ — regulation is coming to DeFi, says expert National Debt Clock. Facebook’s Diem stablecoin is an existential threat to traditional banking He elaborated: “Retail investors should be wary of any company that uses hyperbolic statements and promises of extraordinary returns to lure them into participating The company has also sought to inform the masses about this technology’s potential through the University of Blockchain and Investing — one of the first educational platforms to take an academic approach to teaching blockchain Fewer risks and good returns make Bitcoin an attractive alternative investment for institutions Report: Blockchain to Increase Royalty Streams to Artists in the Digital Music IndustryNEWS However, it’s still unclear when the launch of Ethereum 2.0 will take place, as numerous bugs and management problems are reportedly delaying the process Rising hashrate brings all macro factors together Bitcoin vs “What's worse is that [Joe Biden's] 1st term may add more than both combined.” As Cointelegraph reported earlier this week, the Grayscale Bitcoin Trust bought 55,000 BTC in November, or double the amount of the total BTC mined that month Subscribe to First Mover, our daily newsletter about markets. Axia: That’s interesting to think about, but I’m really not sure It also allows users to tip their favorite artists directly According to her, blockchain technology can help, and already is helping, to solve these issues Opus, for example, leverages two different peer-to-peer networks to remove middlemen completely and provide a fully decentralized streaming platform In 2017, Allawi’s drug exploits eventually led to the death of a Marine, who took one of his pills at a party while stationed at Camp Lejeune, North Carolina All fine, range-bound construction further Experienced traders know that there are key indicators that serve as telling signs of a trend reversal All fine, range-bound construction further Uquid is aiming to establish a bridge between DeFi and e-commerce through Defito, a new ecosystem featuring concepts that haven’t been seen in the retail sector before. One is an anonymous communications platform, which was provided by the darknet and underpinned by TOR (an anonymous communications protocol) If whales think the price will go up, they'll withdraw $BTC a lot CT: What are you, and what makes you special? In turn, the company must set standards for performance, security and compliance GPUs are much cheaper and more accessible than ASICs, as Thomas Heller, the global business director of cryptocurrency mining pool F2Pool, explained in a conversation with Cointelegraph: He told Cointelegraph that as per his company’s own research and analysis, the volume of crypto funds stolen within the first quarter of 2020 may actually be closer to the $2 billion mark, highlighting: A technical analyst known as Byzantine General said the funding rate of the perpetual swap contract of BitMEX and open interest show that BTC is not overbought just yet KPMG United States blockchain audit leader, Erich Braun, further told Cointelegraph that an organization’s blockchain system should be developed with the intent to meet both operational and accounting needs to comply with accounting standards and other regulatory requirements: In September, the firm bought another $175 million worth of BTC, bringing its BTC holdings to about 38,000 BTC Its report said that customers now expect rewards that are tailored around their personal tastes, and younger shoppers want their favorite brands to use technology that delivers a frictionless experience. These regulations are welcome However, that’s not exactly the case here Although the recent volumes have been above average, traders should remain skeptical of significant price swings below $3 billion in daily volume, especially considering the past 30 days. According to NonFungible.com, NFTs have attracted a trading volume of $9.5 million over the past month Aleksander closed out by saying: “If the industry collectively adopts such solutions and processes, the capability of such scams of not only being successful but being able to take advantage of the stolen funds will become severely limited.” He said: Before I answer the above questions, let’s look at the main reason that institutions are eyeing crypto Therefore significant price changes should be accompanied by robust trading volume. Simplifying the music industry “I believe the Big Four firms will serve as the bridge between the crypto ecosystem and the institutional world It’s a sort of “support local artists” mentality that may explain why 32% of the market share in revenue for both physical and digital music sales is held by independent labels, according to Opus Sponsors are required to have significant vested interest in the success of Polkadot in order to apply Ankr aims to make the deployment of blockchain nodes easy, accessible, affordable and instantaneous — with a decentralized staking infrastructure that’s designed to lower barriers to entry for developers, enterprises and everyday crypto enthusiasts. Another challenge lies in how ETH will need to be locked up for 18 to 24 months, depriving users of liquidity. Diem, formerly known as Libra, is the most high-profile stablecoin Not a single one squarely addresses whether XRP is an unregistered security.” PwC’s crypto teams are not only focused on tax and accounting challenges, but audit and assurance services are also in demand Marine. More than 100 organizations and 4,000 individuals now use its services globally, and over 8,000 nodes have now been deployed by customers. The 7-day average hashrate of Bitcoin recovered from 106 million terahash per second (TH/s) to 126 million TH/S between Nov Most decentralized exchanges use synchronous trade executions, meaning that users have to wait for their last trade to be registered on the blockchain before they can perform a new one Ki Young Ju, the CEO of CryptoQuant, said that whales are keeping more BTC on exchanges than in the past few months “Auditing, like regulatory clarity, provides confidence to all stakeholders that companies are operating transparently and adhering to expected industry standards A substantial part of GPU rig owners seemed to have suffered from loss of profits once ASICs were plugged in, while some were even forced to switch over to different networks The most prominent piece of data that supports predictions of a positive trend is the increase in “HODLing” activity among investors. “And as $19,400 and $19,150 rejected, the range low was tested at the $18,500 area, tweeted yesterday “It is not easy for the average user to deploy an Ethereum 2.0 node,” Ankr said In one click, these users can stake up to 1,000 ETH — with the firm’s system automatically assigning their crypto to nodes with the best reputation. An even bleaker picture was painted by Pawel Aleksander, the co-founder and chief information officer of CoinFirm — a blockchain analytics company Elsewhere, Platinum became partners in the SpaceSwap project back in late September — and was tasked with developing a secure, reliable smart contract for the platform. However, data from Blockchain.com shows that the hashrate of Bitcoin has recovered close to pre-halving levels Stay tuned total debt has now passed $27 trillion for the first time in history, according to the U.S Gold outflows are rising as Bitcoin rallies due to heightened buyer demand from institutional investors. This how it's doing against BTC. According to a March paper co-authored by Kristy-Leigh Minehan, a co-creator of the ProgPoW, around 40% of Ethereum’s hash rate is generated by Bitmain ASICs According to a Reuters report from Oct Villaverde noted that when more of the Big Four firms start leveraging the power of public blockchains, there will be more of an impact in terms of public adoption 3 key metrics to watch as Bitcoin price tries to top $20,000 Platinum’s founders, Anton Dzyatkovskii and Dan Khomenko, say the company has an extensive team of engineers on hand to develop projects of all sizes — with a collective skillset that stretches across DevOps, mobile app development, software testing, quality assurance, blockchain and enterprise software development, and DeFi I hope said whitepaper stands for something” was one of the top comments in a r/EtherMining thread discussing the Antminer E3 around the time it was announced One variable that can spark a new BTC rally Bitcoin “quietly eating the financial world” This time around, the block reward halving was met with relatively low selling pressure. He added: Below $18,500, the next major macro support area is the $16,000 to $16,500 range, which BTC tested on Nov Diem, formerly known as Libra, is the most high-profile stablecoin There are hundreds and thousands of Axies being unused by many players in the Axie Ecosystem The good news about the slowness of this transition is that DApps and DeFi platforms will be able to move over at their leisure based on real-world evidence of viability, security and adoption When asked about his company’s post-PoW plans for Ethereum, Heller told Cointelegraph that F2Pool launched a sister company called stake.fish earlier in 2018, following the Ethereum PoS upgrade announcement This means that users have the freedom to sell or spend their staked assets, or use them in DeFi applications, at any time. In recent years, the research observed a “substantial” increase in the cashflows payable on the grounds of royalty-related contracts in the entertainment and media industries. The most prominent piece of data that supports predictions of a positive trend is the increase in “HODLing” activity among investors. We hit 2.5 BTC when the price was tapping $20k “Even in spite of the growing availability of privacy coins like Monero and Zcash, criminals continue to use Bitcoin because of the abundance of Bitcoin-to-fiat offramps Polkadot has also just announced it will be launching a “thousand validators” program this month, which will offer support and incentives to individuals seeking to run a Polkadot node in a bid to bolster the number of its validators by 1,000. Therefore, those traders will be the ones paying up the fees. They said: “At the peak of the last rally in February, there were a lot of very clear signs that the market was overleveraged and overbought To mine or not to mine? Once the user has been validated, all other projects within the same trust channel — i.e., a group of virtual asset service providers, or VASPs, that have agreed to follow the same set of rules and to collaborate within a well-delineated platform — can give that user access to products and services without having to redo the entire KYC process Meanwhile, MicroStrategy, the $3 billion business intelligence conglomerate, has just bought an additional $50 million in Bitcoin at the current price level, which yet another optimistic factor for Bitcoin Delphi was proposed on Sept From Oct In comments made at the Polkadot Decoded summit, the programmer, who also co-founded Ethereum, dismissed the idea that there is only enough room for one layer-1 protocol. The process is automatic and immediate, delivering much-needed enhancements that eliminate some of the flaws associated with loyalty schemes right now. Ideally, investors will monitor a couple of exchanges simultaneously to avoid eventual anomalies. She wrote: Looking to the future Since then, PwC has formed “crypto teams” in 20 countries, consisting of 200 people in total that work on crypto-related projects Bitcoin All Exchanges Outflow Mean