Brave Browser Leads New Global Privacy Standard

Key Takeaways Brave is leading a privacy standard that gives users a simple way to opt out of privacy with a single switch. Several companies, including DuckDuckGo and The Washington Post, are supporting the standard. The standard is backed by privacy laws such as California’s CCPA and the EU’s GDPR. Share this article Brave, the popular crypto-enabled web browser, has announced its involvement in a new privacy standard called Global Privacy Control. How It Works Global Privacy Control allows users to set a single setting in their browser, which instructs…

Monero Faces Multi-Year Resistance as Technicals Scream Sell

Key Takeaways Monero is up nearly 55% since the beginning of September. Despite the substantial gains incurred, the uptrend is getting exhausted. A spike in selling pressure around the current price levels could see XMR drop towards $90. Share this article Monero was one of the few cryptocurrencies that have been able to shrug off last month’s sell-off and advance to new yearly highs. On-chain data now suggests that the privacy coin’s time has finally come. The Infamous Multi-Year Resistance Trendline Monero entered an impressive bull rally after taking a…

Christie’s Crypto Art Auction Rakes in $131,000, Validating NFT Niche

Key Takeaways The artwork exceeded the original price estimate by a margin of seven. This was Christie’s first blockchain-related auction. A total of eighteen bidders from around the world participated in the auction. Share this article Originally estimated to sell between $12,000 and $18,000, the auction of Robert Alice’s “Block 21” crypto NFT from his “Portraits of a Mind” collection managed to close at $131,250. Christie’s NFT Goes Above and Beyond Expectations The price was settled over the course of a 4-minute auction in which 18 bidders participated by bidding…

A researcher debunks Stock-to-Flow model, likens Bitcoin to a ‘tech stock’

A report authored by the research team of ByteTree purports to debunk one of the most popular Bitcoin (BTC) valuation models — Stock-to-Flow. The model provides a very optimistic forecast for Bitcoin, claiming that a year from now we should see price levels above $100,000. Source: Glassnode. BytTree’s co-founder and chief investment officer, Charlie Morris, dedicates the entire fourth chapter of the report to “debunking” it. The stock-to-flow models have been applied for decades to forecast the price of commodities like gold and silver. Stock is the existing supply of…

Yearn.finance (YFI) Rallies After Tapping Bedrock Support Level; What to Expect Next

Yearn.finance’s YFI token saw another capitulatory decline yesterday that sent its price reeling down to lows of $12,300. At this point, its price was able to find some serious support that slowed its ascent and helped it rally higher, with bulls now moving the retake control of its short-term outlook. Its ongoing rebound is coming about in tandem with the slight uptick in price seen by Bitcoin and Ethereum. This intense downside momentum seen by YFI has come about due to the confluence of multiple separate factors, including community turmoil…

Bitcoin price fundamentals in ‘moon mode’ as BTC held on exchanges drops

Despite an uneventful month for Bitcoin (BTC) price, on-chain metrics suggest that Bitcoin may be gearing for an imminent bull run. Noticeably, the number of Bitcoin held on spot exchanges has been decreasing since the start of the year, according to data from on-chain analytics firms, CryptoQuant, and glassnode. Crypto analyst, Willy Woo, noted that this change in trend is extremely bullish for Bitcoin as it signals an increased demand for the asset and interest in holding it as a store of value. Woo tweeted: “When coins on spot exchanges…

Asset Manager Who Predicted Ethereum Outperforming Bitcoin: The Trend Is “Done”

Bitcoin has done well for itself in 2020, making it the top mainstream investment of the year so far. But deeper in the crypto market, Bitcoin’s gains look meager next to even its next closest asset in line, Ethereum. Ethereum and DeFi tokens outperformed Bitcoin easily this year so far, but that trend is “done” according to an asset manager. The same asset manager also nailed calling the initial rise against BTC, and they very well could be correct again about what’s to come next. Ethereum Is “Done” Outperforming Bitcoin,…

Coinbase hemorrhages employees following controversial culture stance

After a change in company policy, popular U.S.-based crypto exchange Coinbase has seen backlash, as some of the company’s employees disagreed with the changes.  “We subsequently decided to make a generous exit package available to any employee who didn’t feel they could be on board with this direction,” Coinbase CEO Brian Armstrong said in a blog post on Oct. 8. The CEO sent his staff an email on this situation, which he pasted into the blog post explanation.  The pasted email content included that approximately 60 of the exchange’s staffers…

NFTs take on DeFi? Nonfungible tokens push to be the next crypto craze

Decentralized finance has become the center of attention throughout most of 2020, sparking talk of a renewed alt season, with many believing that mass adoption of DeFi will be coming within the next three to 10 years. Nevertheless, other sectors in the space have also been gaining traction. Nonfungible tokens are a perfect example of this. An NFT is a tokenized version of an asset, digital or otherwise. They are similar to stablecoins, for example, but are used to represent nonfungible assets like artwork, real estate or collectibles instead of…

DOJ states it has jurisdiction over foreign crypto companies that touch US servers

The Cryptocurrency Enforcement Framework issued by the U.S. Department of Justice stipulates a number of cases where it will exert its authority over foreign actors: “where virtual asset transactions touch financial, data storage, or other computer systems within the United States”, if they use cryptocurrency to import illegal products into the U.S. and if they “provide illicit services to defraud or steal from U.S. residents”. This also applies to foreign entities that engage in money transmission in the country even if they are incorporated abroad. Additionally, the Department claims to…