FinCEN’s wallet rule is open for another day of comments because ‘government officials can’t count to 15’

The U.S. Treasury may have accidentally widened the window of opportunity for anyone wishing to submit comments regarding the Financial Crimes Enforcement Network’s new crypto rules. Last month, the Financial Crimes Enforcement Network, or FinCEN, proposed rules that would require registered crypto exchanges to verify the identity of people using “an unhosted or otherwise covered wallet” for a transaction of more than $3,000. At the time, the regulator stated that stakeholders would have 15 days to respond with comments, later clarifying that the submission period would end on Jan. 4.…

Dip-buying bulls push Bitcoin price to a new all-time high at $36,574

Bitcoin’s (BTC) parabolic rally intensified on Wednesday as the price broke above $36,000 for the first time, sending a strong signal that the bull market still has further room to grow. The flagship cryptocurrency peaked at $36,574.47 on Bitstamp, easily surpassing its previous all-time high. The price has gained 8% on the day and more than 25% over the past week. At press time, Bitcoin was trading at $36,367. BTC/USD daily chart. Source: TradingView At the current value, Bitcoin’s market capitalization has grown to $669.2 billion, accounting for roughly 68.3%…

Stanford group becomes 9th largest Uniswap delegate, overtakes UC Berkeley

Stanford Blockchain Club has become one of the largest delegates for the exchange Uniswap, overtaking a student group at rival California university UC Berkeley.  The student-run blockchain club verified itself as a Uniswap delegate on Tuesday, having amassed 2,524,711 votes, according to Sybil, an Ethereum governance tool. That puts Stanford in the ninth spot, just ahead of UC Berkeley’s CalBlockchain with 2,524,711 votes. Verifying myself as a @UniswapProtocol #UNIDelegate on Sybil️https://t.co/aduPp8Jyvy addr:0xEFF506a32B55D5c19847c1a4F8510c00280c27E5 sig:0x28a199454657eb2b90d096e25d7c20797f93363dec360309ce7fe82954f7a5920772acc3f1b37bd9f234eafa2ace3daaa0e61ff58e739da72deba037a30b37bd1c — Stanford Blockchain Club (@StanfordCrypto) January 5, 2021 Dharma and EOA remain the two largest delegates, with…

Newsweek’s positive coverage of Bitcoin underscores paradigm shift in public perception

Newsweek, one of the largest American weekly news magazines, has taken a positive spin on Bitcoin (BTC) in a recent article that explores whether the digital asset can become the new gold standard.  The article, which appeared on Wednesday, dissects the digital gold narrative using JPMorgan’s latest model showing a potential BTC price of $146,000. Although the article presents little new information for crypto enthusiasts who have been charting Bitcoin’s meteoric rise, it provides more validation that the mainstream narrative surrounding cryptocurrency has changed. “All that glitters is not gold—but…

This year will produce gains some might call ‘shocking,’ Diginex CEO says

Bitcoin (BTC) just recently broke through $35,000 as part of a tremendous price rally, in part the result of Bitcoin’s limited supply, according to Diginex CEO Richard Byworth.  “Bitcoin is in the process of starting its post halving bull cycle,” Byworth told Cointelegraph, adding: “The demand side of this equation has been expedited by enormous bank stimulus and investors seeking safe stores of value against increasing monetary inflation. As a result, a large proportion of financial institutions are now assessing their sizing for Bitcoin positions right now. This is leading…

2 key Bitcoin price indicators show pro traders are waiting for $36K

Bitcoin (BTC) recently reclaimed $35,000, but top traders at Huobi, OKEx and Binance are not buying the breakout. Unlike the savvy institutional investors who may be desperate for protection against the debasement of fiat, the more crypto-focused investors seem to be waiting for dips. Institutional investors might also be celebrating the Jan. 4 announcement that the Office of the Comptroller of the Currency will allow banks to include stablecoins in bank-permissible functions. This further validates the crypto sector and may result in a rise in institutional participation in the space. Typically,…

Financial analyst agrees Bitcoin could be ‘rat poison,’ but not in the way you think

Famous investor and Berkshire Hathaway CEO Warren Buffet called Bitcoin “probably rat poison squared” back in 2018. In his 2020 fourth-quarter market letter, financial analyst Bill Miller agreed with Buffett’s description of the asset — but not without his own addendum. “Warren Buffett famously called bitcoin ‘rat poison,’” Miller said in his Saturday letter, adding: “He may well be right. Bitcoin could be rat poison, and the rat could be cash.” Miller started his letter by explaining how each new year often paves the way for various financial predictions. Financial expectations and…

COVID-19 vaccination records stored on VeChain as use cases grow

The Mediterranean Hospital of Cyprus, one of the country’s largest private health facilities, is storing its COVID-19 vaccination records on VeChain — offering another compelling use case for the supply chain logistics platform.  As of Monday, 100 doctors and personnel had received their first dose of the COVID-19 vaccine, the hospital said in a news release. The vaccinated personnel also received a digital certificate on their E-HCert App, an electronic wallet for lab results based on the VeChain Thor blockchain. The digital certificates are “another step towards digital transformation of the…

Data says only 22% of Bitcoin supply left in circulation as BTC rally ‘far from done’

Bitcoin (BTC) investors are quickly storing most of the available coins away and they are not for sale, new data at the start of 2021 reveals. Statistics from on-chain analytics resource Glassnode originally released on Dec. 29, 2020 confirm that almost 80% of the Bitcoin supply is illiquid. 78% of BTC supply illiquid The changes in the composition of the Bitcoin market have become well known. As new all-time highs above $35,000 emerge, so too has a narrative that weak hands are selling their holdings to strong hands and institutions…