Bitcoin On-Chain Momentum Is Crossing Bullish: Willy Woo

The past month has been a pretty challenging time for bitcoin HODLers, and cryptocurrency in general. There has been precious little to celebrate, save for the fact that prices could easily have gone lower still. So isn’t it about time we had some positive news? Luckily, who should pop up at just the perfect juncture, but Master of On-Chain Analysis, Willy Woo. And according to him, BTC’s on-chain momentum is crossing bullish. Woo-hoo! Bullish Is Good Woo made the claim in a tweet posted earlier today, along with a chart…

Blockchain To Ensure ‘Ethical Provenance of Gold’, Protect Miners Health

The global luxury jewelry industry and the mining industry are exploring blockchain technology to improve efficiency, tracking of materials, and enhancing transparency. Most importantly, the aim of using blockchain technology includes protecting miners’ health and the environment. NYT: “Blockchain Is a Growing Niche Within the Global Jewelry Industry” The World Gold Council indicates that the extraction of gold by artisanal and small-scale gold mining (ASMG), includes ills ranging from funding and participation of illegal armed groups and the use of mercury in the environment. In this connection, the jewelry and…

Brazil IRS Creates Penalty Code For Dishonest Crypto Taxpayers

The IRS in Brazil has turned the spotlight on crypto deals and transfers, creating a special penalty code to fine for misreporting. Brazil Requires Monthly Filings for Crypto Activity Failing to file a monthly report of crypto asset movements triggers “Revenue code 5720 – Default for Default / Incorrect / Delay in Reporting on Transactions Performed with Crypto”, reported community portal OBN. Brazil introduced crypto regulation this August, and the IRS claims it has received reports for $14 billion in transactions in the past few months. It is uncertain how…

Millennials Trust Bitcoin-Based Equities Over Microsoft, Disney Stock

Bitcoin-based investment has made its way into the portfolios of the youngest investors, as millennials allocate a part of their retirement to Bitcoin-based stock. Millennials Allocate Funds to Different Asset Mix Analysis of self-directed brokerage accounts show a generational divide in selecting assets. Older GenX investors have no exposure to Bitcoin (BTC) through financial instruments, but millennials have bought into the Grayscale Bitcoin Trust. The analysis in the latest Schwab report reveals that the newest generation of investors allocates around 1.84 of its portfolio to GBTC stock, more than is…

Bitcoin Still King: Trading Dominance on Binance Remains Above 40%

Crypto exchange giant, Binance, recently published its monthly review which highlights that trading dominance for bitcoin has held above 40% for five consecutive months on the platform. Bitcoin Trading Dominance High According to Binance Research, bitcoin trading dominance represents the respective volume contribution from bitcoin trading, with it as a base currency, relative to the total spot volume on the platform over a period of time. The exchange’s November market overview highlights that this metric has remained above the 40% mark in November, with a slight increase of 1.45% from…

DXM Partners With Ledger to Launch Institutional Custody Solution

DXM, the cryptocurrency branch of the Korean market operator Dunamu, will offer custodial services in partnership with the French hardware firm, Ledger. Upbit Safe Service to Use Ledger Vault Security Technology Ledger, the producer of some of the most popular hardware wallets of the Nano series, will offer custody with institutional-grade quality, reported the News Asia. The interested parties will be tapped from the clients of DXM, and the partnership with Upbit may also yield large-scale clients. DXM will combine Ledger’s Vault Security technology, based on hardware storage, branding the…

Crypto Users Beware: Your Smart TV Might Rob You

Oregon FBI recently issued a cybersecurity warning to Smart TV owners stating that hackers can remotely turn on built-in microphones and cameras to spy on them. Could your crypto be at risk?  About 10 days ago, on November 26, 2019, Oregon FBI released another warning regarding modern technology and its vulnerability to hacking attacks. This time, the Bureau focused on Smart TVs, as the shopping season typically results in a lot of people purchasing new tech for their homes, and Smart TVs are especially popular. As many are likely aware,…

Bitcoin Price Will Top $13,000 in Early 2020, Analyst Confirms

Crypto analyst, Philip Swift, predicts that the upcoming halving next year will catalyse a change in market sentiment and propel Bitcoin price back to five figures. Bull Market Imminent At the moment bitcoin price is still consolidating in the mid-$7,000 range. It has been pretty flat for the past week or so with a short burst upwards which was rapidly deflated. Since its dump below $8k on November 21, bitcoin has failed to break resistance and move higher. This indicates that there may be more pain before any gain. Analyst…

SpaceChain Sends Blockchain to Int’l Space Station

SpaceChain announced Thursday that its blockchain-based hardware wallet tech is about to reach the International Space Station (ISS). The technology is on a SpaceX Falcon 9 rocket, which took off yesterday from Cape Canaveral, Florida. Blockchain Goes to the ISS This is the first blockchain demonstration on the ISS. The hardware wallet will be integrated into Nanoracks’ commercial platform on the station. Nevertheless, this is not the first time that blockchain has gone into space. SpaceChain has previously sent two blockchain hardware units into space, initiating a decentralized orbital network…

German Firm Raises €1.4 Million in First Blockchain IPO

A fundraising platform from Berlin, Neufund, just completed the first blockchain-based IPO for a company called Greyp, raising €1.4 million. The world’s first blockchain-based Initial Public Offering (IPO) was recently closed in Berlin, Germany. The IPO was held by a fundraising platform, Neufund, for an e-mobility startup called, Greyp. The offering attracted around 1017 investors, from 34 different countries. The IPO had a minimum investment of €100 and was fully compliant with the local regulations. This is a big move for blockchain-based companies which was made possible by Neufund. The…