Almost $1 Billion in Bitcoin Just Came Out of Hibernation

69,369 BTC just left a mysterious wallet that has long been the source of speculation in the community. At the time of transfer, the funds were worth $955 million. The wallet address is the fourth-largest in the world and has seen no activity since April 2015. Adson Gal, CTO of cybercrime intelligence firm Hudson Rock, recently discovered that the address had been the center of a treasure hunt for over two years. Get this – there is a Bitcoin wallet with 69,000 Bitcoins ($693,207,618) that is being passed around between…

Here’s Why This Is Pivotal For Bulls

Bitcoin is surging higher despite uncertainty relating to the election. The leading cryptocurrency currently trades for $14,030, around $700 about the daily lows and around $800 above the week-to-date lows. The coin is up 3.5% in the past 24 hours, outperforming many top altcoins. It seems that Bitcoin’s rapid price action to the upside is forcing capital and attention into the leading cryptocurrency and away from altcoins. Chart of BTC’s price action over the past few hours from TradingView.com Related Reading: Here’s Why Ethereum’s DeFi Market May Be Near A…

The Biggest Winners of the US Elections? Crypto Prediction Markets

Key Takeaways PredictIt shows Biden as the clear favorite, but traders can bet on many subcategories. Civil unrest, economic uncertainty, and the election have all driven demand for prediction markets. The U.S. election could prove a watershed moment for crypto prediction markets everywhere. Share this article The winner of the U.S. presidential election will dictate the direction of the world’s largest economy. And though Biden and Trump stand opposed, the markets only fear one thing: a deadlock.  For those in the crypto space, the tension is just as high. The…

Uniswap’s UNI is Likely to Plunge Further as “Farmer Exodus” Nears

Uniswap’s governance token UNI has seen a relentless selloff over the past few days, with buyers unable to reverse its downtrend as the cryptocurrency continues sliding lower daily. The cryptocurrency’s inability to gain any strong momentum as of late has caused it to see consistent losses. Each rally has been met with massive selling pressure, making it impossible for buyers to gain any ground against bears. There are a few factors behind this trend, including the downturn seen across the aggregated DeFi sector, the heavy UNI distributions seen on a…

Hashgraph CTO expects blockchain interest to grow even bigger in 2021

In an interview with Cointelegraph, Hedera Hashgraph CTO Leemon Baird said that while interest in blockchain greatly increased in 2020, he expects much bigger things to come in 2021. Baird, who holds a doctorate in computer science from Carnegie Mellon University, explained that “the world as a whole looks at this industry as blockchain or DLT and says, ‘wow, there’s really something there.’” He continued, “This year I saw a rapid increase in interest throughout the world. And I think next year we will see an even bigger increase.” Elaborating on his…

Tezos’ Technicals Turn Bullish Suggesting Price Recovery in the Works

Key Takeaways Tezos has endured a three-month-long corrective period that saw its price plummet nearly 60%. Despite the significant losses incurred, it appears that XTZ is on its way to greener pastures. A spike in buying pressure around the current price levels may see prices rise to $2.3 or $2.7. Share this article While investors struggle to make heads or tails of the U.S. Presidential elections, Tezos is quietly printing bullish tape. Tezos Bulls Appears Ready to Rebound Tezos has been one of the main victims of the crypto market’s…

Layer1 co-founder takes former business partner to court

Jakov Dolic, co-founder of the U.S.-based Bitcoin (BTC) mining company Layer1, has filed a lawsuit against his former business partner, Alexander Liegl. According to court documents filed on October 30, Dolic claimed that Liegl had ultimately failed to raise funds for the company. As a result, Dolic said that he had to pay $16.24 million out of pocket to purchase a power plant for the mining firm. He also claimed to have spent an additional $3.5 million expanding the plant. Dolic felt short changed for his investment, noting that Layer1…

Investors fight to keep Bancor securities case out of Israeli court

Lawyers representing investors in a class action against BProtocol Foundation, parent company of decentralized liquidity network Bancor, have asked for the case to be tried in the United States rather than Israel.  According to court records filed Nov. 2 in the U.S. Southern District of New York (SDNY), lawyers for Timothy C. Holsworth, the lead plaintiff in the class-action lawsuit against defendants BProtocol and four of its executives, argued that the firm’s “repeated and extensive contacts with the United States” for marketing its Bancor Network Token (BNT) made the SDNY…

Halving or Elections, Bitcoin Loves American Politics

Key Takeaways Bitcoin saw significant price gains following the past two U.S. elections in 2012 and 2016. This year’s controversial election could evolve into a long-term dispute, and it is not clear whether the trend will hold true. Other factors, such as Bitcoin’s halving, will probably have a much greater effect on Bitcoin prices. Share this article Ryan Watkins, an analyst at Messari, has suggested that U.S. elections have historically driven up Bitcoin prices. That raises the question of whether prices will again surge this year. Elections Coincide With Surges…

South Korean financial watchdog to ban privacy coins

According to a Nov. 3 announcement from South Korea’s Financial Services Commission, or FSC, virtual asset service providers will no longer be able to handle any digital assets that present a high money laundering risk. These updates were made as part of the guidelines under the Special Payment Act — regulation which specifically covers the legality of cryptocurrencies in South Korea. The FIU specifically called out “dark coins”, which are privacy-oriented cryptocurrencies, for having transaction records that are reportedly difficult for the group to trace. This could potentially affect the…