Bitcoin.com Exchange To List HUB Token as the Next Gen Trust-Based Cryptocurrency

PRESS RELEASE. Bitcoin.com Exchange is thrilled to announce the upcoming listing of HUB on the 1st of December 2020 at 14:00 UTC. HUB was created by the Human Trust Protocol Network, under founding member Eric Ly. HUB will be listed with BTC and USDT trading pairs. What is the Human Trust Protocol? Human Trust Protocol solves endemic trust problems, and provides verifiable and portable trust. The vision of the Human Trust Protocol, and that of its HUB token is to Read more …

Bitcoin Tuesday aims to raise $1M for good causes today

Bitcoin Tuesday, a crypto-based charity event hosted by The Giving Block, is looking to raise at least $1 million in donations today and over the rest of the month of December. The fundraising target makes Bitcoin Tuesday one of the largest crypto-based charity events ever.  The Giving Block has secured partnerships with over 120 nonprofits and 30 blockchain companies to spearhead the charity drive. Some of the biggest names in crypto will participate, including: Gemini Ledger Blockfolio Maker Celsius Network Read more …

Microsoft Report says Nation-State Hacker Group is Leveraging Cryptocurrency Techniques to Stay Under the Radar

A new security report by Microsoft says nation-state hacker group Bismuth is now deploying cryptocurrency-mining malware alongside its regular cyber-espionage toolkits. According to the report, the deployment by Bismuth of Monero coin miners in recent campaigns has provided another way for the attackers to monetize compromised networks. Bismuth is reportedly backed by the Vietnamese government. Before pivoting to cryptocurrency miners, Bismuth had traditionally targeted human and civil rights organizations both inside and outside Vietnam using sophisticated techniques. However, according to Read more …

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 Read more …

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 Read more …

LVL Launches Feeless Bitcoin Exchange – Bitcoin Magazine

This is a promoted article provided by LVL. Today, Bitcoin financial services provider LVL announced the launch of a feeless bitcoin exchange for users in North America. “LVL wants to be the biggest disruption to the Bitcoin exchange space in years,” per a LVL release on the announcement. “Every Bitcoin exchange uses the same model — transaction fees. Like stocks and banking, we believe the future of Bitcoin is free. If we’re right, it will be the biggest disruption in Read more …

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 Read more …

Mastermind of Bitcoin Mining Ponzi Scheme Extradited to the US: $20 Million in Victims’ Funds Laundered

The US government says it has extradited Gutemberg Dos Santos, the co-founder of the Airbit Club Ponzi scheme from Panama and he now awaits his trial in a Manhattan court. Dos Santos is facing charges relating to his role in perpetuating a “cryptocurrency” scam which defrauded victims of “tens of millions of dollars.” Fraudulent Claims According to the US Department of Justice (DOJ), Dos Santos and five accomplices are accused of falsely promising victims that they will earn passive income Read more …

Bitcoin Volatility Kicks Into Overdrive After ATH Set, 7% One Hour Drop Follows

Bitcoin price yesterday shocked the finance world by setting a new all-time high. With resistance around this area still strong, and with so many cryptocurrency investors in profit for 2020, extreme FOMO and profit-taking is causing wild volatility resulting in more than $1,000 intraday moves. This morning, exactly that happened, when after retesting yesterday’s peak, a rejection sent the price per BTC diving by 7% in less than an hour, shaving over a grand of the price of the top Read more …

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

Coinbase, the United States’ largest cryptocurrency exchange, announced that itfacilitated 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 Read more …

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 Read more …

Bitcoin Points to Fresh Record Highs after Powell Testimony; Here’s Why

Bitcoin dropped on Tuesday, with its bull run foreshadowed briefly by short-term profit seekers. The benchmark cryptocurrency plunged almost 1.5 percent to $19,385 ahead of the New York opening bell, suggesting that traders secured their gains at local tops. The modest sell-off sentiment surfaced after Bitcoin established a new record high of $19,873. It also occurred as futures tied to the BTC/USD exchange rate surged above $20,000 but fell to as low as $19,000 just ten minutes later. Worth noting Read more …