Christian music chart-toppers join crypto arena with digital fan token

Veteran Christian vocal trio Selah launched its own cryptocurrency fan token via the Rally platform on Dec. 1. Followingthe group’s latest album debuting at number one on the iTunes Christian Music chart, the 3CR8 token will give fans access to exclusive benefits such as private messages, video chats and signed merchandise. Selah, meaning “pause” in Hebrew, is a true giant of the Christian music genre, notching up 4 million albums sold and 10 Gospel Music Association Dove Awards in over two decades of making music. Step Into My Story is…

Libra rebrands to Diem, hoping to shake off associations

Per a Tuesday press release, the Libra Association is changing its name to the Diem Association. The shift is likely in the hopes of turning the page on Libra’s PR. Facebook initially announced its planned global stablecoin Libra in June of last year to immediate regulatory uproar that has swamped the project since. Facebook’s involvement has proved especially controversial. The new name uses the Latin for day, as in “carpe diem.” The Association’s press release upon the announcement alludes obliquely to the need to change the narrative on the project: …

Coinbase Saved Micostrategy $4.25M Executing Firm’s Bitcoin Trades

Key Takeaways Coinbase explained on Tuesday that it took days to make the purchase and limit market slippage. The San Francisco exchange was the main entity behind the whale-tier BTC purchase. Led by Bitcoin bull Michael Saylor, Microstrategy now owns over 38,250 BTC. Share this article Microstrategy added almost 40,000 Bitcoin to its balance sheet in September 2020, using Coinbase as the primary execution services partner for the purchases.  The company sells business software, but under the direction of CEO and Bitcoin bull Michael Saylor, Microstrategy has invested big in…

Universal Protocol Alliance introduces tradable carbon token

An alliance of crypto firms is introducing tokenized carbon credits for individuals to offset the amount of carbon dioxide they contribute.  According to a Dec. 1 announcement, the Universal Protocol Alliance, or UPA, has launched a tradable carbon token on a public blockchain. The UPA stated that crypto users can “burn” the Universal Carbon token, UPCO2, to offset their carbon footprint. However, they also have the choice of holding the tokens, or trading them like any other digital asset using Uphold, a major U.S. cryptocurrency wallet and trading platform that’s…

CME Gap and Profit-Taking Hazardous for Bitcoin Bulls

Key Takeaways A CME futures gap presents a risk to traders attempting to buy a breakout above $20,000. On-chain data from Santiment suggest whales expect further BTC appreciation. A technical failure above $20,000 could provoke a strong pullback towards $17,000. Share this article Bitcoin’s outlook remains positive in the near-term, as dip-buyers continue to support the bellwether cryptocurrency. This support continues following the bullish news that global investment firm Guggenheim is set to invest $500 million into BTC. The news appears to have overridden recent fears that U.S. regulators are…

Coinbase executed MicroStrategy’s $425M Bitcoin purchase in September 2020

Coinbase, the United States’ largest cryptocurrency exchange, announced that it facilitated one of the largest institutional Bitcoin (BTC) purchases in 2020. According to an official announcement, Coinbase was selected as the primary execution partner for MicroStrategy’s $425 million purchase of Bitcoin in September 2020. Brett Tejpaul, head of institutional sales at Coinbase, provided more details about the purchase as well as the company’s aim to facilitate institutional purchases in a Dec. 1 blog post. “Using our advanced execution capabilities, leading crypto prime brokerage platform, and OTC desk, we were able…

Bitcoin suddenly crashes below $19K after all-time high sparks wild volatility

Bitcoin (BTC) continued an intense day of volatility on Dec. 1, hitting lows of $18,400 just over an hour after challenging $20,000 and breaking a new all-time high. Cryptocurrency market overview from Coin360 Bitcoin sheds $1,600 in under 2 hours Data from Cointelegraph Markets and TradingView tracked BTC/USD as it delivered some of its most unpredictable moves in history. At press time, the pair was moving in a range roughly bordered by $18,500 and $19,000, with conditions changing by the minute. BTC/USD 1-min chart (Bitstamp). Source: TradingView Just an hour…

Ethereum 2.0 Launched as Beacon Chain Goes Live

Key Takeaways The Beacon Chain for Ethereum 2.0 has successfully been deployed. Phase 0 of Ethereum 2.0 sees the blockchain introduce staking in place of its proof-of-work system. More than 880,000 ETH was deposited in anticipation for the launch. Share this article Ethereum 2.0 has successfully launched.  The initial stage of the blockchain’s Serenity upgrade, known as Phase 0, involved the deployment of Ethereum’s Beacon Chain. The update sees Ethereum begin its move to a proof-of-stake (PoS) mechanism in which validators staking at least 32 ETH are rewarded interest for…

Russia’s Alfa-Bank offers blockchain platform for freelancers

Alfa-Bank, one of the largest private commercial banks in Russia, is exploring blockchain technology in its services for freelancers. According to a Dec. 1 announcement, Alfa-Bank will use blockchain-based applications to automate services for freelancers and self-employed workers. Based on Waves Enterprise’s blockchain platform, Alfa-Bank’s new service covers the entire process of registration and remuneration for self-employed individuals, including payments settlement, income registration and tax payments. Denis Dodon, director of Alfa-Bank’s research and development center, told Cointelegraph that the new blockchain-based service enables freelancers to get direct remuneration via any…

Bitcoin futures hit $20.3K right before BTC price drops $1K in 10 minutes

Bitcoin (BTC) futures hit $20,000 on Dec. 1 as all-time highs finally began to convert into a new price era for BTC/USD. Data from TradingView showed Chicago Mercantile Exchange Bitcoin futures heading past the historic $20,000 mark during Tuesday trading. BTC price: $20,000 sparks unique volatility At press time, highs of $20,300 had appeared amid characteristic volatility, which saw BTC/USD crash to $19,000 in under ten minutes. BTC/USD 1-minute chart for Dec. 1, 2020. Source: TradingView “Worth noting that a $1,000 swing is just 5% now. Adjust accordingly,” popular pseudonymous…