ETH breaks out vs. Bitcoin — What’s next for Ethereum after 100% gain in January?

The price of Ether (ETH), the native cryptocurrency of the Ethereum blockchain network, achieved a new all-time high on Jan. 25. At the same time, technical analysis shows that the ETH/BTC pair is breaking out of its multi-year downtrend hitting the highest levels since September 2019, which should be great news for altcoins in general.  ETH/BTC weekly candle chart (Coinbase). Source: Tradingview The higher highs come less than a week after ETH/USD finally broke its all-time high, surpassing $1,400 for the first time in three years. Community sentiment is extremely positive…

Bahrain central bank licenses Sharia-compliant crypto exchange

CoinMENA, a soon-to-launch cryptocurrency exchange headquartered in the Kingdom of Bahrain, has obtained a license from the Central Bank of Bahrain, or CBB. The newly acquired “Crypto Assets Services Company License” allows CoinMENA to operate fully as a regulated crypto exchange and onshore platform, the company announced on Jan. 24. The CBB’s license ensures that CoinMENA meets all of the operational, technical and security requirements set by the central bank. As CoinMENA plans to roll out its services in the Middle East and North Africa, or MENA, countries — including…

Blockchain-based COVID-19 passports to begin trials in Q1

The International Air Transport Association will soon roll out blockchain-based passports that digitally store an individual’s health information — specifically, their COVID-19 testing and vaccination status. In a move which IATA says has the potential to reopen international and loosen current global quarantine restrictions, a “health” passport will be stored in a user’s smartphone in the form of an app, with the first real-world testing expected to take place as soon as February. Known as the IATA Travel Pass and described as a way to give travelers complete control over…

Diginex’s EQUOS exchange eyes liquidity boost with GSR partnership

Diginex, the Singapore-based operator of the EQUOS cryptocurrency exchange, has entered into a strategic partnership with GSR Markets aimed at enhancing liquidity for its perpetual futures products and spot pairs. Notably, the partnership seeks to promote EQUOS’ mandate of delivering a regulated trading experience that is free from market manipulation risks. Under the new partnership, GSR will become a shareholder of Diginex and one of the main liquidity providers for the EQUOS exchange. GSR will provide liquidity for the recently launched Bitcoin perpetual futures product as well as several spot…

Virginia tech firm offers staff option to get paid in Bitcoin, Ether

Sequoia Holdings — a software development services provider, not to be confused with the well-known venture capital firm Sequoia Capital — is offering its staff the option to set aside a portion of their salary and invest it in cryptocurrency. Sequoia Holdings is based in Reston, Virginia and provides engineering and analytic solutions to the United States national security sector, including the U.S. intelligence, defense and homeland security departments. It is also, notably, an employee-owned firm, which suggests the optional integration of cryptocurrency into salary arrangements could be a good…

Aave hits record $288 high as demand for flash loans and staking increases

Aave (AAVE) price has been on an absolute tear for weeks and today the DeFi-token rallied to a new all-time high at $288.90.  The decentralized finance protocol is one of the most popular in the market and the recent rally in the DeFi sector is one of the driving forces behind AAVE’s rally. AAVE/USDT 4-hour chart. Source: TradingView At the start of 2021, AAVE price was trading at $83 and the recent rally appears to have bolstered the protocol’s surging total value locked, increasing buy volume on spot and derivatives…

Cryptocurrency makes World Economic Forum’s Davos Agenda

The World Economic Forum’s upcoming Davos Agenda will feature two separate sessions on cryptocurrency, offering another compelling sign that digital assets have permeated mainstream consciousness.  The sessions, titled Resetting Digital Currencies, will be held on Monday and Thursday. The first session will feature five public speakers, including Bank of England Governor Andrew Bailey and Hikmet Ersek, president and CEO of Western Union. Thursday’s group features four speakers, including Tharman Shanmugaratnam, a senior minister for the government of Singapore, and Zhu Min, chairman of the Beijing-based National Institute of Financial Research.…

Key metrics show this week’s $4B Bitcoin options expiry favors bulls

Over the past two weeks, Bitcoin price appears to have lost momentum and some analysts are suggesting that bears will be in control for the foreseeable future. Taking a look at derivatives market data provides a clearer picture of what is happening on the institutional side and how the moves of larger players may impact the spot markets. After peaking at $10.6 billion on Jan. 14, the open interest on Bitcoin (BTC) scaled back to $8.4 billion. The Jan. 29 monthly expiry continues to stand apart, totaling 47% of the…

Breach at Indian exchange BuyUCoin allegedly exposes 325K users’ personal data

Users of Indian crypto exchange BuyUCoin have reportedly been affected by a breach compromising personal data of more than 325,000 people. According to a report from Indian news outlet Inc42, a hacking group by the name of ShinyHunters leaked a database containing the names, phone numbers, email addresses, tax identification numbers and bank account details of more than 325,000 BuyUCoin users. However, a later report from Bleeping Computer shows the leaked data may only contain information from 161,487 BuyUCoin members. Cybersecurity researcher Rajshekhar Rajaharia posted screenshots of the leaked data…

Ethereum will become the main asset for investors in 2021

During the second half of 2020, we saw a growing interest in cryptocurrencies from institutional investors and big capital. However, all the attention of the whales, as well as all the attention of the public, was fixed on Bitcoin (BTC). Today, we will look at why Ether (ETH) is a more attractive asset and why this cryptocurrency should become the “first cryptocurrency” for every investor. Let’s start with the numbers: ETH’s growth since its March 2020 low after the coronavirus-induced market crash has been 1,200%, whereas BTC has only grown…