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- The number of cryptocurrency whales has started to increase amid the recent rally in bitcoin. This is evidenced by the CoinMetrics data service. According to the company's specialists, the number of wallets containing more than 1000 coins reached 2.2 thousand on October 25. There were less than 2 thousand of them at the beginning of the year, and their number began to decline at a rapid pace before the May halving.
Based on the current rate, each of the cryptocurrency “whales” is the owner of a fortune of at least 13 million dollars. It is noteworthy that many of them invested in bitcoin during periods when it was very cheap, which speaks of the record profitability of the main coin for its "early" owners.

- One of the leading bitcoin ATM operators LibertyX has added the option to sell bitcoin for cash to 5000 devices located in the United States. This function avoids delays associated with bank transfers. Anyone who wants to sell bitcoins just needs to use an application or a website to enter the number of coins they want to sell and choose a convenient ATM that will give them cash in dollars after specifying the order number. The commission for such an operation is quite large: 8%.

- Bitcoin outperforms gold as an alternative currency and has a significantly better chance of continued growth, according to a new report by the US investment bank JPMorgan. At the same time, the bank's analysts draw attention to the low capitalization of bitcoin, which, in their opinion, is explained by the fact that mainly millennials choose the cryptocurrency. The older generation prefers to keep assets in tangible form, in particular, in gold. Despite this, however, bitcoin has significant potential for long-term growth as millennials will become "an increasingly important component of the investment space" over time.
JPMorgan estimates that the physical gold market, including ETF backed by it, is $2.6 trillion. Bitcoin needs to raise its current value of around $13,000 10 times to equal the precious metal in this respect.

- Hackers broke into the database of the Vastaamo Psychotherapy Centre in Finland. After gaining access to information on thousands of patients at the centre, they demanded a ransom in the amount of 450 thousand euros in bitcoins. The cybercriminals threatened to publish the stolen data and have already begun to implement the threat by uploading the personal data of at least 300 people to the web. The information included the patient's name, telephone number, email address, residential address, diagnosis, and the content of the therapy sessions.
The hackers also offered individual patients to delete their data for a ransom of up to 540 euros in bitcoins.

- After the payment giant PayPal announced the start of support for bitcoin and a number of other cryptocurrencies, Visa, Mastercard and American Express will follow its example. This opinion was expressed in an interview with Bloomberg by the CEO of the Galaxy Investment cryptocurrency fund Mike Novogratz.
However, speaking of bitcoin, Novogratz sees in it only a way to preserve capital and doubts that the first cryptocurrency will become widespread as a means of payment. “I don't think this will happen within the next five years. Bitcoin is used as a means of accumulation. Therefore, as digital gold, it will simply continue to rise in value, and more and more people will include it in their portfolios,” explained Novogratz.
As a reminder, PayPal announced the launch of the function of buying, selling and storing bitcoin, Bitcoin Cash, Ethereum and Litecoin on Wednesday, October 21. The company expects that the new feature will stimulate the global use of cryptocurrencies and prepare the web for digital currencies of central banks.

- According to analysts at Glassnode, the rate of bitcoin has not increased much so far. They conclude from this that the asset will have every chance to take on new barriers in the future. Investors are still only trying to figure out the new policy of bitcoin, since it is more focused on the internal environment now. Stock markets and other external factors have practically ceased to influence it.

- American programmer, US presidential candidate, "crypto baron" John McAfee, arrested in Spain at the request of the US and accused of tax evasion, gave an interview to Cointelegraph right from his prison cell.
The eccentric millionaire shared his thoughts on the latest developments in the cryptocurrency industry, praised the news of the addition of cryptocurrencies to PayPal's arsenal, and could not resist advertising his own cryptocurrency. “Very soon, we will be faced with a new direction in using cryptocurrencies to execute transactions, rather than as a quick get-rich scheme. That's why I developed the privacy-focused stablecoin Ghost,” McAfee said.

- The founders of the Gemini cryptocurrency exchange, the Winklevoss brothers, confirmed their previous prediction, saying that bitcoin will be worth $500,000 sooner or later.
'The question isn't whether bitcoin will cost $500,000 or not, the question is how quickly it will happen. In fact, even this assessment seems to me very conservative - the game has not really even started, "- said Cameron Winklevoss.
Tyler Winklevoss added that he and his brother started buying cryptocurrency back in 2012 and expressed confidence that bitcoin outperforms gold, oil and the US dollar as a store of value and is the only long-term inflation hedge.

- The CEO of MicroStrategy, Michael Saylor, who was prophesying the imminent decline of cryptocurrency in the past, claims that he is ready to hold bitcoin for 100 years and does not plan to sell it. Led by Saylor, the company has invested $425 million in bitcoin over the past months. “And this is not speculation or hedge. This is a targeted corporate strategy for the adoption of the bitcoin standard,” Saylor explained. According to him, having considered the available options for preserving capital amid the economic uncertainty in the world, MicroStrategy has come to the conclusion that bitcoin is the best long-term store of value. Taxes and commissions make investments in other assets meaningless, and if not, then they are flawed, because they are controlled by a company management or the state. Bitcoin, on the other hand, is evolving and only gets harder and stronger over time.
Sailor believes that gold cannot be compared to bitcoin. In his opinion, people who hold $100 million in fiat will lose 99% of the value of their assets in 100 years, and investments in gold will, at best, bring 85% of the loss.

- On Wednesday October 28, Donald Trump's campaign website was hacked. As a result, the content of the "About Us" page was changed to accommodate the addresses of the Monero cryptocurrency and the accompanying text. Cybercriminals claim in it to have hacked many devices and gained full access to information about Trump and his relatives. They also claim that they had information at their disposal, allegedly indicating the involvement of the Trump administration in the emergence of the coronavirus, as well as his personal involvement in criminal activity and cooperation with foreigners to manipulate the upcoming election.


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#1 - October 29, 2020, 02:04:18 PM

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- According to the founder of the investment fund Off The Chain Capital Brian Estes, the attitude towards cryptocurrencies will change dramatically over the next ten years. This is especially true of the American market, which is still showing loyalty to digital assets. Roughly 90 percent of U.S. households will use bitcoin by 2030. Asia will be ahead in this industry, but China and other countries will focus on sovereign coins.

- Well-known analyst Willie Wu believes that bitcoin has entered the "safe haven" stage. He already predicted a similar development of events In early autumn. According to the cryptocurrency expert, the main coin is now showing relative stability, which is why it is not worth waiting for a repeat of the 2017 rally. In addition, even if Bitcoin does go into aggressive growth, it will be in for constant corrections.
“Correlation of the main cryptocurrency by other market industries is gradually decreasing. This ensures the stability of the asset but prevents it from moving to growth. It is because of stability that there is a certain stagnation now,” said Wu. Judging by the trend of recent days, the main coin may be between $13,000 and $14,000 for a long time to come.

- An unknown user withdrew 69,370 BTC (approximately $960 million) from a wallet that hackers have been trying to hack for several years. At the time of the transfer, this address was the world fourth largest holder of bitcoin. And, perhaps, the owner of the wallet simply transferred the coins to a new, more secure address. As noted by the Telegram channel Goldfoundinshit, the forums claimed that the wallet is associated with the founder of the anonymous trading platform Silk Road Ross Ulbricht, who is serving a life sentence in an American prison.

- Known as the "king of bonds," Jeffrey Gundlach, CEO of DoubleLine Capital, recommended the first cryptocurrency and gold as insurance against the dollar's depreciation. Interestingly, Gundlach was saying until recently that he was not ready to participate in the hype around bitcoin. In an interview with Business Insider, he had called the first cryptocurrency a "lie", doubting it was impossible to hack it. “I don't believe in bitcoin. I think it's well tracked. I don’t think it is anonymous,” he had said then. And now the businessman, who manages $141bn in assets, has offered his listeners to hedge the risks of inflation by adding gold and bitcoin to the investment portfolio.

- Residents of Cuba have become much more interested in bitcoin Over the past month. According to Google Trends, in terms of the number of searches related to the first cryptocurrency, the country came in second place, and is now second only to Nigeria. Bitcoin's rise in popularity in the island nation is due to tougher American sanctions, as well as restrictions on the use of PayPal and Stripe payment platforms.
South Africa, Cameroon and Ghana are also among the top five countries with a high interest in bitcoin. Residents of Taiwan, Kazakhstan and Japan turn to the search engine with such a request less often than others.

- Bitcoin showed a negative correlation with the Dow Jones index last week. While stock markets were declining all over the world, the rate of bitcoin rose by 5% and even exceeded the 2019 high. That's not yet the limit, according to some analysts. A new impetus for the growth of BTC may be given by the US presidential election. “Trump's victory should be well received by participants in the financial markets,” experts say, “and the bitcoin rate will grow along with the rates of other assets. If Biden wins, we will see the stock market fall. However, bitcoin is likely to show growth amid expectations of a depreciation of the dollar. "

- A cryptocurrency user in Canada decided to give kids Halloween gift cards, each with $100 in bitcoin, which is roughly 0.007 BTC. Interestingly, some candy hunters, dressed as ghosts, goblins, and witches, were disappointed to receive an inedible piece of cardboard. But there were also those who were delighted to become the owner of a real cryptocurrency. The information that bitcoins were being distributed in this house quickly spread throughout the area, and whole groups of children began to move there on purpose.
The reaction from the crypto community was positive, with many believing that it was a good way to introduce children to the crypto world. "This is a historic moment," said analyst Billy Wu. "When these children come to power, there will be only 0.002 BTC left for each person."

- According to Rai News, a 41-year-old employee of the airport in the Italian city of Lamezia Terme infected the computers of the airport network with a miner virus. He used their computing power to mine ethereum. In addition, the "crypto-enthusiast" has placed several of his own mining farms in the office premises, having powered them from the airport power grid. CCTV cameras managed to capture this, the records of which ended up in the hands of the city prosecutor's office.

- Several US banks have begun negotiations with major crypto custodians such as Anchorage and Coinbase on potential cooperation. This happened after the regulator officially allowed banks to provide such services. This was stated by the head of the United States Currency Exchange Office (OCC) Brian Brooks. He believes that financial conglomerates around the world will not create their own solutions for storing cryptocurrencies from scratch, but rather will buy market leaders or enter into cooperation with them to meet the needs of their customers.

- Hackers have stolen more than $13.6 billion in cryptocurrency since 2012, committing more than 330 hacks. This is stated in the study of the analytical service Atlas VPN.
Most often, hackers attacked decentralized applications running on the basis of the EOS blockchain platform. There were 117 such cases. Next on the list was the ethereum blockchain platform. The services developed on top of it were attacked 33 times.
As for money, most of all hackers stole it from crypto exchanges and crypto wallets. According to Atlas VPN, there were 87 successful hacks of trading platforms, as a result of which the attackers managed to withdraw $4.8 billion. Wallets suffered even more damage, where the total damage amounted to almost $7.2 billion.


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#2 - November 04, 2020, 03:44:34 PM

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- Binance cryptocurrency exchange has started blocking the accounts of users from the United States. There are no official explanations for these actions so far. The emails that users received after being blocked say they need to withdraw all the funds from their accounts within 90 days.
According to The Block, previously blocking was carried out only if the user indicated that he or she was a US citizen during the registration process. Now the exchange finds them by IP addresses. For some clients, the administration offers to switch to the Binance US platform or its analogues, since they are not subject to the prohibitions of American law.

- The number of cryptocurrency ATMs has increased by 80% in 2020 compared to their number in 2019. Currently, there are about 11 thousand such devices in the world. An average of 23 new ATMs are installed every day.
According to experts, most often such ATMs are installed by small startups that are trying to make money on the exchange of cryptocurrency for fiat. The devices are installed in large shopping centers mainly in countries where the circulation of digital assets is allowed at the state level. The CoinATMRadar portal has a map of the location of cryptomats around the world. Judging by it, most of the devices are located in the United States and Canada. You can not only get fiat in them, but also buy the cryptocurrencies themselves, at the exchange value. It is not uncommon for the user to choose a platform with an up-to-date rate.

- Many representatives of the cryptosphere are happy with the fact that Joe Biden has most likely won the US presidential election. The crypto community believes that, unlike Donald Trump and his Treasury Secretary Steven Mnuchin, Biden will be more liberal about digital currencies and the blockchain industry in general.
According to Mike Novogratz, CEO of crypto trading bank Galaxy Digital, the new administration will accelerate the launch of the incentive program. In this situation, a further increase in investor interest in bitcoin is inevitable, as the dollar will become less attractive amid inflation.

- Popular blogger PlanB remains true to his forecast that the price of the first cryptocurrency will rise to $100 - $288 thousand by December 2021, which is consistent with the Stock-to-Flow (S2F) model on which his expectations are based.
The expert notes that during periods of market corrections, he observes how the algorithms of bitcoin whales pick up hundreds of portions of 0.01 BTC from "weak hands". Later these coins “disappear” in “deep” cold vaults.
According to the S2F model, this move of bitcoins to wallets for long-term storage leads to a reduction in their sales. This is especially true for the period after the halving, which leads to a supply shock and provokes a bull market for the next 18-20 months. This was the case for the first and second halving of miner awards in 2012 and 2016. According to PlanB, the dynamics of bitcoin after the third halving in May 2020 is developing like clockwork, which once again confirms he is right.

- Former associate of George Soros in the Quantum fund, billionaire Stanley Druckenmiller, said in an interview with CNBC that he had invested part of the capital under his management in the first cryptocurrency. He admitted that bitcoin may be a better instrument for preserving value than gold.
Druckenmiller has noted the growing stabilization of the first cryptocurrency since its launch 13 years ago. “I'm partly a dinosaur, but I've become better aware that bitcoin can become an asset class that will be interesting from the standpoint of a capital preservation tool,” the investor has explained.
In the same interview, the billionaire predicted a fall in the US dollar over the next three to four years.

- The Taiwanese laptop manufacturer Compal Electronics has fallen victim to the DoppelPaymer ransomware virus. For decrypting the files, the hackers demanded 1,100 BTC (almost $17 million at the time of writing), according to Bleeping Computer.
DoppelPaymer is distributed on Windows networks and is known for attacks on corporate networks by gaining access to administrator rights. According to experts from the information security company Group-IB, this virus entered the top three most aggressive and greedy ransomware of 2019.

- Bloomberg analyst Mike McGlone believes that the bitcoin rate will rise to at least $20 thousand in 2021 and renew its all-time high. This is not McGlone's first positive prediction. In early October, he suggested that the first cryptocurrency would rise in price to $100,000 by 2025 and gave several reasons for this. These include the monetary policy of the states, which leads to the depreciation of fiat currencies.
The expert added that the gold will rise in price next year on the same factors as BTC. Its value could rise to $2k an ounce.

- As the publication Unfolded notes, the dependence of Ethereum on bitcoin has been weakening since the end of October. The correlation of the two largest cryptocurrencies decreases amid preparation for the release of the updated version of the Ethereum network (ETH 2.0). It is this factor that has accelerated the separation of the main altcoin from BTC.
Now the correlation is at its lowest level since early 2018. If Ethereum rises in price to $500 in December against the background of weakening bitcoin (now ETH is holding at $460), then it will be able to finally "untie" from its "big brother".

- The market has marked consolidation at two addresses of bitcoins, which have not been in motion for 10 years. According to the data from blockchain.com, the aggregation of coins worth more than $15 million originated from 20 different addresses. Each of them transferred 50 BTC. Until the first halving in 2012, this was the amount miners received as a reward for a successfully mined block.
The situation with early bitcoins of the time of Satoshi Nakamoto always attracts increased attention of the crypto community. Everyone is primarily interested in whether they are really part of the legacy of Satoshi himself. So, more recently, the crypto community enthusiastically discussed the movement of bitcoins worth over $1 billion on the night of the US presidential election. The most fantastic versions were put forward, but later it turned out that this US Department of Justice confiscated almost 70,000 BTC from the purse associated with the Silk Road darkmarket.


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#3 - November 11, 2020, 05:09:06 PM

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- Hackers attacked large companies in Israel, traditionally demanding a ransom in bitcoins to regain access to confidential information. The new ransomware virus was named Pay2Key. It affects corporate programs through which reports on financial transactions and other data are transmitted. According to IT company CheckPoint, if the conditions set by the criminals are not met, they usually simply upload the databases to the darknet or to specialized resources on the Web, where anyone can view the materials or buy them.

- Mike Novogratz's Galaxy Digital cryptocurrency bank, in collaboration with investment company CI Global Asset Management, will launch a new bitcoin fund in Canada. The investment company will act as its manager, and the cryptobank will act as co-manager. The latter will carry out all Bitcoin transactions on behalf of the fund. The asset value will be based on the Bloomberg CFIX Bitcoin Index. The partners have already announced preparations for the IPO, as part of the initiative. The offer consists of $10 Class A and F shares.

- Bloomberg analyst Mike McGlone is confident that the capitalization of the first cryptocurrency will reach $1 trillion in the second half of next year. However, first the price of bitcoin needs to overcome the main obstacle: the all-time high reached in December 2017 at around $20,089. Almost three years have passed since then, during which time the price managed to drop to $3,126, and then grow fivefold, reaching $18,000 at the moment.
“$20,000 is the main obstacle for bitcoin to capitalize at $1 trillion,” McGlone wrote. - The digital version of gold, but with a more limited supply and a history of adding zeros, appears to be in the early stages of pricing and may simply continue to grow in 2021. Its mass acceptance is growing."

- Actress Maisie Williams, who portrays Arya Stark in Game of Thrones, asked her Twitter followers if she should invest in Bitcoin. At the time of this writing, 650,369 users expressed their opinion, of which 50.7% answered in the affirmative, 49.3% - in the negative.
Comments from representatives of the cryptocurrency community appeared under the post. For example, the founder of the investment company Grayscale, Barry Silbert, recommended Williams to get acquainted with his firm. In the message, he stressed that "Game of Thrones" featured a "greyscale" in keeping with the name of his company, Greyscale.

- Thanks to consolidation in the status of digital gold, the rate of the first cryptocurrency can reach $318,000 by the end of 2021. This forecast was presented by Tom Fitzpatrick, Managing Director of one of the largest banks in the world, Citibank. He believes that the bitcoin market is now reminiscent of the 1970s, when dollar inflation led to increased demand for gold. In 1971, US President Richard Nixon carried out a series of reforms, abandoning the Bretton Woods system and pegging the dollar to gold. As a result, the price of this precious metal showed a steady increase over the next 50 years.
In his new report, Bitcoin: Gold for the 21st Century, Fitzpatrick writes: "Bitcoin moved in the aftermath of the Great Financial Crisis of 2008, when new changes in the monetary regime took place and we dropped to zero interest rates." He notes that currently, financial stimulus measures against the backdrop of the coronavirus pandemic are leading to the formation of conditions similar to the 1970s.

- The founder of the Galaxy Digital cryptobank Mike Novogratz admitted that he once bought his first 500,000 ETH at the rate of $0.99 from Vitalik Buterin. According to the billionaire, the Ethereum project team decided that it would be nice for the community to have a buyer from Wall Street.
As for bitcoin, Novogratz learned about it in 2012 and purchased the first 30,001 BTC at $95 per coin. When asked why such a strange amount, the billionaire replied that at that moment the head of the hedge fund Pantera Capital Dan Morehead bought 30,000 coins, and "then we decided that we would buy 30,001 because we could not afford to have more."
Novogratz also admitted that he planned to sell bitcoin at $1,000 to buy a plane, but he was talked out of it by partner Pete Briger.

- New US Senator Cynthia Lummis plans to bring the discussion of the first cryptocurrency to the national level. The politician said this in an interview with ABC News channel. “21 million bitcoins will be mined and that's it, this is a limited emission. Therefore, I am confident that it will become an important player as a store of value over time,” said Lummis.

- The popular American businessman Robert Kiyosaki agrees with the senator. “Bitcoin's rise has outpaced gold and silver,” he wrote. - What does it mean? This means that you need to buy as much bitcoin and precious metal as you can and don't put it off. The train is already leaving. The dollar is dying. When the dollar falls, the price doesn't matter anymore. What matters is how much gold, silver and bitcoins you have.”
It is curious that in addition to his bestseller "Rich Dad Poor Dad," Kiyosaki wrote two more books in collaboration with US President Donald Trump.

- The price of bitcoin broke through the level of $18,000 with a market capitalization of $338 billion. BTC has grown by more than 50% over the past month as its net purchases on crypto exchanges have far exceeded those of miners. Citing data from analyst firm Glassnode, cryptanalyst Will Wu pointed out that hourly purchases of BTC on exchanges are almost 20 times higher than the amounts attributed to miner sales. Another specialist, Lark Davis, also confirmed that 145,000 bitcoins left the exchanges in the last month, and only 27,000 BTC were mined during this time.


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#4 - November 18, 2020, 03:23:35 PM

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- Musician Sean Lennon, son of world star John Lennon of The Beatles, has sided with the Bitcoin. “If everyone continued to use gold now, then it would have to be carried in bags. In addition, it is much easier to steal such an asset. Cryptocurrencies are almost completely independent. People need freedom, which the authorities, banks and other departments are trying to take away. Bitcoin allows you to use your funds to the maximum,” says Lennon Jr.

- Brad Garlinghouse, CEO of Ripple, has wished bitcoin luck. According to him, the entire industry will benefit from the growth of the main cryptocurrency, but a decrease in the correlation between assets can lead to new problems. Because of this, the head of Ripple has urged investors to have both bitcoin and altcoins in their portfolio.
He has also noted that the rally in the basic cryptocurrency that began in November could indeed lead to new all-time highs. According to him, ill-wishers are now talking about a new pyramid, which could collapse at any moment. But according to Garlinghouse, bitcoin now has huge support from large investors, making a major correction almost impossible.

- American rapper Logic bragged about $6 million in bitcoin investments to his fans. According to the artist, the funds were transferred to cryptocurrency last month. He first bought bitcoins worth $2 million then, after which he decided to make two more of the same transactions. Many social media users have agreed that Logic has already made good money, since a month ago the cost of bitcoin was significantly lower.

- For the first time, the Lithuanian State Tax Inspectorate has sold the confiscated cryptocurrency worth 6.4 million euros. the assets include Bitcoin, Ethereum, and Monero. The funds received from their sale are directed to the state budget. Recall that in the United States, the Federal Marshals Service regularly holds auctions for the sale of cryptocurrency confiscated by law enforcement agencies. Also, soon the confiscated cryptocurrency will be put up for auction in Romania.

- PayPal chief executive Dan Shulman believes bitcoin will ultimately be used more for day-to-day payments rather than a store of value. “The use of cryptocurrency in daily purchases will increase its functionality and stabilize it,” Shulman said, noting that during the coronavirus pandemic, the use of cash has dropped significantly. According to him, up to 70% of consumers no longer want to deal with them.
PayPal opened access to Bitcoin and several altcoins for its customers earlier this month and is now working to integrate trading platforms. This will allow sellers of goods and services to accept digital payments as early as next year. Dan Shulman noted that before launching the service, the company held detailed consultations with world regulators.

- The number of Ethereum addresses on which at least one ETH is stored has reached a historic high of 1.171 million addresses.  Business for the leading altcoin took off in the summer, thanks to the growth of the decentralized finance sector (most of these projects were created on the basis of Ethereum). To date, investors have already invested $13 billion in the DeFi sector.
Still, the current growth cannot be compared with the takeoff of the coin, which began at the end of 2017. Note that as of 01/01/2017, there were only about 66 thousand Ethereum wallets, and just a year later, when the price of ETH reached its historical maximum around $1300, there were already 873 thousand of them (an increase of 1223%).

- On November 24, the price of bitcoin surged above $19,000 for the first time since December 2017. At the time of publication, the market capitalization of this coin has reached $357 billion and exceeded the capitalization of such a giant as investment bank JPMorgan (about $349 billion).
Despite its CEO's skepticism about digital currencies, JPMorgan has already started serving cryptocurrency exchanges Coinbase and Gemini, and bank analysts have confirmed that a number of institutional investors are considering bitcoin as an alternative to gold.

- Jaan Tallinn, co-founder of the telecommunications application Skype, has admitted in an interview with Fortune that he keeps a fairly large part of his personal fortune in cryptocurrency.
Bitcoin has also been supported by the chairman of the messenger company Intercom, Eogan McCabe. "I would like to announce that after years of pampering, I jumped firmly on the bitcoin train and now I want everyone else to do the same."

- Unknown people deceived the employees of the hosting provider GoDaddy and gained access to control over the domains of several cryptocurrency platforms. The attacks began on November 13, according to KrebsonSecurity.
The first victim was the Liquid cryptocurrency exchange. The hosting provider handed over control of the account and domain to an attacker. Liquid chief Mike Kayamori said the hacker managed to partially infiltrate the platform system and gain access to the document repository.
The second victim was the NiceHash cloud mining service: on November 18, experts found an unauthorized change of DNS settings in GoDaddy. NiceHash froze withdrawals for 24 hours until they were sure they were back to their original state.
Supposedly, cryptocurrency companies Bibox, Celsius and Wirex were also victims of the attack.

- Analyst Mati Greenspan believes that the current situation in the cryptocurrency market is qualitatively different from the situation that was observed three years ago. In 2017, the rise in the price of BTC to $20 thousand was the result of the entry of speculators into the crypto sphere. Now the market is controlled by corporations and large investors interested in its stability. The entry of large players leads to the fact that volatility will weaken, and this area will become more attractive, the analyst quotes the CNBC channel. Greenspan expects a further update of bitcoin highs as early as this year.

- Wall Street veteran Max Kaiser believes the supply shock will drive bitcoin to rise to $1 million. “The demand for bitcoin is growing almost exponentially,” he says, “while its supply is mathematically fixed at 900 coins per day. And in 2024, the supply will be halved to 450 BTC per day.
This is why I think that institutions that buy bitcoins will do it directly from miners, and people simply won't have the opportunity to buy coins as the price will skyrocket to $1 million per BTC. Meanwhile, Gen Z, who bought a lot of bitcoins when they were under $100, will become the new global power elite. The world order is about to change.”


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#5 - November 25, 2020, 02:32:12 PM

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- Experts agree that Bitcoin will be able to withstand the pressure of banks and reach a new level. According to one of scenarios, the correction of the main cryptocurrency from $19,480 to $16,280, which was fixed last week, is associated with the decision of the US President Donald Trump Administration to tighten control over the circulation of digital assets. Officials chose to change the rules for registering cryptocurrency wallets as one of the ways to manage transactions.
Many crypto companies have already begun developing new versions of wallets, which will receive permits from the US Securities and Exchange Commission before launching. Trump is probably trying to resist China in this way, which is preparing to release its own cryptocurrency. If the digital yuan becomes a cross-border payment instrument, it can be used instead of the dollar. This will make sanctions against China ineffective, and Washington will lose the ability to put pressure on Beijing.
“Bitcoin has an indirect relationship to everything that happens, but even the first statements by representatives of the American government about the desire to start controlling the industry brought it down by several thousand dollars in a matter of hours. But I do not think this will lead to serious problems, as the market has already managed to recover from the correction,” said Mark Yusko, the head of Morgan Creek investment company. Moreover, according to experts of Stack Funds, this correction is not only “healthy”, but also will allow bitcoin to prepare for a new high of $86,000.

- According to Mike Novogratz, head of the Galaxy Digital crypto trading bank, everyone should invest 2-3% of their funds in bitcoin. “After that, it is enough to wait a little time, and you will be surprised, but cryptocurrencies will cost significantly more. If you wait five years, the assets will multiply several times,” he wrote. According to the head of Galaxy Digital, bitcoin volatility can be expected in the near future, but it is unlikely to sink below $12,000, and even a correction to such levels is unlikely.

- An unknown user received 7 Ethereum coins (about $4,200 at the time of writing) for a solved puzzle that began with a billboard in the Warsaw subway. An ad with an ethereum address and hashtags #0xPOLAND and #0xPOLANDHEIST appeared at one of the metro stations and urged passengers to solve the puzzle hiding the secret phrase for withdrawing funds to ETH. The tips were posted on a Twitter account called 0xPoland. The final clue appeared in the print and electronic editions of Gazeta Wyborcza.
The organizers explained that they wanted to invite people to join their team "to create a decentralized financial infrastructure."

- Authorities in Delaware County (Pennsylvania, USA) paid hackers $500,000 in bitcoins after the county's information systems were attacked by the DoppelPaymer ransomware virus. The extortionists gained access to police records, payment documents, procurement information and other databases, however, it is argued that the attack did not affect the voting systems. After getting the ransom, the hackers advised authorities to change passwords and gave recommendations for configuring the Windows domain.

- The number of addresses containing more than one bitcoin is growing steadily and has exceeded 820 thousand. These wallets hold 95% of the total digital gold market volume. This is evidenced by data from analytics companies Glassnode and BitinfoCharts. Smaller addresses store about $16 billion of digital gold. There are 32.6 million addresses with non-zero balance in the world.

- The value of bitcoin could surpass the $500 thousand mark, the founder of the Gemini crypto exchange Tyler Winklevoss, one of the twin brothers who was called the first cryptocurrency billionaires, told CNBC. He called the current price of the main digital coin “an opportunity to buy” as it could rise in price by 25 times in the future. “Bitcoin will surpass gold. If this happens, the capitalization of this cryptocurrency will exceed $9 trillion,” predicted Tyler Winklevoss.
It became known in summer 2020 that the Winklevoss brothers are planning to make a film about their history of investing in cryptocurrency. Ben Mezrich's biographical book "Bitcoin Billionaires" will be filmed for this purpose.

- Global Macro Investor CEO Raul Pal has placed an order to sell all of his gold to invest in BTC and ETH at an 80/20 ratio. He announced this on Twitter and clarified that in addition to gold, there are some bonds and US dollars in his portfolio.
The head of Global Macro Investor expects that even conservative institutional investors, who usually prefer precious metals, will start investing in bitcoin next year. Therefore, Pal made the bold assumption that the rate of the first cryptocurrency cad reach $250,000 in a year.

- A message from South America: the Venezuelan army is mining cryptocurrencies. A Digital Asset Mining Centre for the Armed Forces of the country has opened in Caracas. An area on the territory of the Fort Tiuna headquarters was allocated for the Centre. The military called the creation of a mining center" an unblockable source of income" and an example of cooperation with the civilian sector.
The amount of computing power has not been specified, but it is known that
the Venezuelan National Guard has previously detained a truck with 315 mining blocks from Bitmain. The equipment was confiscated and has apparently become the basis for a new military crypto facility.

- Joe Biden's administration should focus on integrating bitcoin into the US financial system instead of creating a digital dollar like China. This is the opinion of Niall Ferguson, a former professor at Harvard and Oxford and now a senior researcher at Stanford.
In a new article, the world-renowned economic historian looked at the US dollar, gold and bitcoin as the monetary revolution continued, accelerated by the COVID-19 pandemic. Drawing parallels with the plague of the 14th century, the historian noted that the pandemic let digital gold cover a decade-long path in only ten months. And this happened not only because of the closed banks, but also due to the tightening of financial supervision.

- Payment system Visa has entered into cooperation with crypto startup BlockFi to launch a credit card with cashback in bitcoin in early 2021, writes Bloomberg. Users of the "Bitcoin Rewards Credit Card" product will receive a cashback of 1.5% of the amount spent in BTC and will also receive $250 in cryptocurrency once they spend more than $3,000 in the first three months. The rewards earned will be automatically transferred to the client's account in BlockFi, where they will be available for various transactions or withdrawal to a third-party wallet.


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#6 - December 02, 2020, 02:54:16 PM

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- Interest in Bitcoin has reached the summer 2019 level. According to Google Trends, the numbers began to increase almost immediately after the reference coin rose in value to $12,000. Comparing the current growth with the growth in December 2017, followed by a collapse, analysts write: “In December 2017, the main cryptocurrency became a real trend, staying in the top for search queries. Now, the dynamics is about the same, but the indicators are still lower than at the end of 2017. Most likely, the peak of interest will be at the moment when the historical high is broken."

- Bloomberg experts believe that the value of bitcoin in 2021 may increase to $50,000. This is evidenced by a partial repetition of a number of factors that were observed in 2017 during the famous rally. However, Bitcoin now has significantly more support, which minimizes the likelihood of a pullback.
“There is no reason for a change of Bitcoin's movement direction right now,” Bloomberg writes. - The dollar is gradually losing its position, pulling along other fiat currencies. All this is seen by investors who are forced to switch to alternative asset types.” Open interest in the CME bitcoin futures market exceeded $1 billion for the first time in history, which also speaks of growing support from investors.

- One of the factories of the Taiwanese electronics manufacturer Foxconn has become a victim of the DoppelPaymer ransomware virus. The hackers demanded 1804 BTC (about $33.8 million at the time of writing) from the company. The attackers stole approximately 100 GB of files, encrypted the company's North American segment (1200-1400 servers), deleted 20-30 TB of backups, and made some of the documents publicly available.
In early November, DoppelPaymer attacked another Taiwanese laptop manufacturer, Compal Electronics. Then the attackers demanded 1100 BTC for decryption.

- Bitcoin will rise to $29,569 next year, according to a report from the fintech company Cindicator. This figure was obtained from a survey of over 156,000 users. The respondents with the most accurate forecasts, the so-called "superforcasters", on average expect even greater growth, to $32,056. As for the lower bar, according to the average forecast, it is at $15,000. “Superforcasters” are less optimistic and expect a decline to $12,000.
Cindicator's “hybrid intelligence”, which uses machine learning algorithms to process data from a team of analysts, predicts similar values, only in a narrower range. According to its calculations, the BTC rate next year will not exceed $25,222 and will not fall below $16,000. At the same time, the total capitalization of the cryptocurrency market in 2021 with a probability of 80% will surpass the 2018 record of $828 billion.
According to the same forecast by Cindicator, the price of the first cryptocurrency will reach $21,000 this year.

- Edward Snowden, former special agent of the CIA and the US National Security Agency (NSA), who fled to Russia, recalled that he had been right about the prospects for bitcoin. During the March crash to $3,820, Snowden announced that it was time to buy bitcoin as there was little reason to panic. Now the ex-spy has become an even more staunch supporter of digital gold. “I found out today that the dollar has depreciated against bitcoin by 99.93% since 2013,” he wrote.

- US Global Advisors investment company CEO Frank Holmes suggested that gold, bitcoin and ethereum could rise next year. At the same time, Holmes believes that the price of bitcoin and gold is influenced by completely different factors. Thus, the increase in the value of the first cryptocurrency was influenced by the May halving of the reward to miners to 6.25 BTC. “If global gold mining companies announce that they will cut gold supplies by 50%, I can assure you that gold will cost $10,000 per troy ounce. It's all about supply and demand,” Holmes explained.
As for Ethereum, its rate is driven by the latest advances in decentralized finance (DeFi). DappRadar researchers have recently reported that 96% of the total DeFi transactions was on ethereum in Q3 2020, which also led the daily number of active wallets.

- American billionaire Paul Tudor Jones announced last May that he was investing in bitcoin to hedge against inflation and now calls bitcoin an undervalued asset. “$500 billion is the wrong market capitalization for bitcoin in a world where there is a $90 trillion stock market, and God knows how many trillions there are in fiat currency. I assume it is being misjudged in terms of its inherent capabilities, ”he told Yahoo! Finance. “Cryptocurrencies will have a crazy rocket flight with ups and downs along the way,” he says. - Bitcoin, in particular, will be significantly higher in 20 years than it is now. From here the road for it lies to the north.”
Jones is one of the most recognizable traders in the world today. He rose to fame in the 1980s when he predicted a Black Monday market crash in 1987. He is also associated with the rapid development of the global hedge fund industry. Tudor Investment Corporation manages $10 billion in assets, and the investor's personal fortune is estimated at $5 billion.

- Cuban residents have begun to turn to cryptocurrencies more often after the tightening of US sanctions. On November 23, the Western Union payment system closed 407 offices in Cuba due to restrictions imposed on money transfers to the country, writes Deutsche Welle. Cubans began using bitcoin and some altcoins to circumvent sanctions. At the same time, the volume of many transfers does not exceed $20, and there are about 10 thousand active holders of digital assets in the country.
Recall that Cuba came in second in terms of the number of searches related to bitcoin. In terms of interest in the first cryptocurrency, the country was second only to Nigeria.

- Financial conglomerate Wells Fargo, one of the "big four" US banks, has published a new investment report, in which a separate page under the heading "Bitcoin - 2020's best performing and most volatile asset" is devoted to the cryptocurrency market. The authors do not directly encourage clients to invest in digital assets, but generally maintain an optimistic tone regarding their prospects. “Over the past 12 years, they have grown from literally nothing to a $560 billion market cap,” writes Wells Fargo. "Hobbies don't usually last 12 years."
The bank notes that bitcoin is up 170% over the year, but warns about its high volatility. “Investing in cryptocurrencies today is akin to living in the early days of the 1850s gold rush, which involved more speculation than investing.”


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#7 - December 09, 2020, 03:23:52 PM

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- The number of bitcoin addresses with a non-zero balance has approached the mark of 33 million, updating the historical maximum, according to the data of the analytical service Glassnode. The number of wallets with a balance of more than 1 BTC is also steadily growing. The indicator has set a new record at 827,105 recently, recovering from a slight recession at the end of September. According to analysts, such an increase in the number of retail cryptocurrency users clearly indicates the massive adoption of bitcoin.

- Also, the “population” of bitcoin whales grew significantly in 2020 and peaked at 2274 at the end of last month. These data were shared by Philip Gradwell, a senior economist at Chainalysis analytics company. Since the beginning of the year, the category “1000 BTC and more” has grown by 302 new wallets. The balances at the respective addresses have increased by 1.4 million BTC during this time.

- Millennials, young people who were born at the turn of the millennium, believe in bitcoin and see it as an asset preparing to replace fiat money. According to Zach Prince, CEO of cryptocurrency startup BlockFi, they will be the ones who will change the industry and popularize cryptocurrencies. “However, I do not think that the dollar or the euro will completely disappear, but cryptocurrencies have every chance to become their full replacement,” he said.
Speaking at the BlockShow conference, Prince also called promising ways to develop the cryptocurrency industry. According to him, decentralized finance should try to establish communication with regulators, but not make full concessions. If we introduce complete regulation of the market, then it will hardly differ from fiat.

- Despite the rise in the price and popularity of bitcoin over the past few months, it is still far from widespread attention.  A poll conducted by Opinium and AltFi asked 2,000 UK adults how the COVID-19 pandemic has affected their financial situation. The majority said they turned to digital investment having refrained from investing in physical assets. However, only 10% of this sample (or 200 people) specified that they bought cryptocurrencies.
Despite the fact that this percentage is relatively small, the results of 2020 can be regarded as an undeniable improvement: the figure was half as low, 5.3%, a year ago.

- US billionaire Ray Dalio admitted that the criticism of cryptocurrencies that had been heard from him earlier was unfounded. "Bitcoin is well suited for portfolio diversification," said the billionaire. “I would advise having cryptocurrencies among the assets, at least as an experiment. When it comes to comparing bitcoin to gold, I prefer to keep those assets that are important to the global economic system." Earlier, Dalio said that bitcoin can complement gold thanks to an expanded list of options that are available to cryptocurrency investors. A coin backed by the precious metal could be the best investment on the market, he said.

- European electricity supplier CEZ Group has uncovered the largest theft in its history. Together with the police, the company's specialists discovered equipment for the extraction of cryptocurrencies illegally connected to the power grids in one of the outbuildings in the Bulgarian village of Kherakovo. The inspection began due to the abnormal high consumption of electricity in the area. As a result of searches, law enforcement officers seized more than 1,000 mining units. Preliminary estimates suggest the stolen electricity was equivalent to a monthly consumption of 4,250 families.

- Bestselling Rich Dad Poor Dad author and entrepreneur Robert Kiyosaki has reiterated his call to buy bitcoin before it surpasses $20,000. He is convinced that the cryptocurrency will continue to grow to $50,000 next year amid the influx of money from institutions. The entrepreneur says that “America is in trouble” and preclude the “death” of the US dollar and a “bright future” for gold, silver, bitcoin and entrepreneurs.

- The well-known Dutch cryptanalyst PlanB, who developed the popular BTC stock-to-flow valuation model, believes that the price of the reference cryptocurrency may rise to $100,000 by the end of 2021, and maybe up to $300,000. PlanB admits that his outlook sounds extremely optimistic and even somewhat amusing for some investors. However, the rise in the price of bitcoin in the past allows him to make such predictions.

- Ethereum co-founder Vitalik Buterin says that he sold part of the reserves of the first cryptocurrency back in 2013. He said he had “only a few thousand dollars of net equity” before Ethereum was created. “However, I sold half of my bitcoins to be sure I would not break up if the rate fell to zero,” he writes. This admission was accompanied by Buterin's call not to get into debt or take out loans to buy any digital assets.

- According to analysts of financial conglomerate JPMorgan Chase, institutional investors can invest up to $600 billion in the first cryptocurrency in the coming years. This requires American, European and Japanese insurance companies and pension funds to invest only 1% of their assets in bitcoin.
As JPMorgan lead strategist Nikolaos Panigirtzoglou noted, the recent $100 million investment by Massachusetts Mutual Life Insurance Company marks another milestone in the adoption of the first cryptocurrency by such organizations. At the same time, the analyst admits that it is quite difficult for such traditional investors to invest in cryptocurrency, since there are still regulatory requirements for the choice of investment assets in terms of risks and fulfillment of obligations. This can limit the amount of funds available for buying BTC.
In early December, JPMorgan Payments Manager Takis Georgakopoulos said the bank has become more loyal to bitcoin and is ready to contribute to the development of the cryptocurrency industry.


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#8 - December 16, 2020, 04:47:38 PM

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- Matt Maley, strategist at financial services firm Miller Tabak, believes the cryptocurrency market will face a major setback next year. According to him, the main coin may fall in price by about 25-30 percent in the first months of 2021
Bitcoin's capitalization currently stands at approximately $441 billion. According to Maley, the market is overheated due to large-scale investments, which is why corrections by one or several thousand dollars may become a norm next year.
“I consider cryptocurrencies to be a promising asset, but the minimum correction size next year will be 10%. At the same time, the fall may be at the level of 30% or even more. Therefore, it is worth being prudent before large-scale investments,” the specialist warns.

- Popular analyst and founder of Quantum Economics, Mati Greenspan, expressed an opposite view. In his opinion, the December rise does not mean that the market is "overheated", and a large-scale collapse awaits us. “We are at the very beginning of the period of massive entry of investors into the crypto sphere. This phase of the industry's development is qualitatively different from the rise and fall phases of 2017 and 2018. If demand continues to rise from current levels, and supply is constrained, then there is a possibility that we will see growth of 250% or more."
At the same time, Mati Greenspan excludes a scenario in which BTC will soar to $400,000. “The rally will certainly continue, but there is no need to talk about any astronomical figures yet,” the analyst summed up.

- 190 computers were stolen from the NATO military airbase in Emari (Estonia), which were illegally used to extract cryptocurrency. The Estonian Ministry of Defense reported that mining on the territory of the base was carried out by a certain employee who had access to classified documents. He worked for NATO for 14 years, after which he quit and decided to take the equipment with him. He took out the first computers from the base back in 2015, providing documents on their write-off. The remaining several dozen devices on the territory of Emari were networked and used for mining. In total, this "specialist" was able to mine cryptocurrencies worth 30,000 euros. The Ministry of Defense clarified that about 60% of these earnings would have gone to pay for electricity, but the attacker was using state resources.

- According to the analytical service Glassnode, the number of addresses with cryptocurrency worth more than $1,000,000 has reached 66,500. The increase in the second decade of December alone was about 150%. Analysts noted that some miners have not withdrawn funds from their wallets since the time when one pizza cost several hundred bitcoins. Now they have become dollar millionaires.

- Tesla and SpaceX founder Elon Musk once again spoke on Twitter regarding cryptocurrencies. There, he again confessed his love for Dogecoin and posted a frivolous picture, comparing bitcoin to fiat money and considering it "the same crap."
Recall that in 2019, Musk became the winner of a comic April Fools' poll, in which users were asked to vote for the most suitable candidate for the position of Dogecoin CEO. And last July, Musk spoke on Twitter about the prospect of using Dogecoin technology as a global financial system. After his tweet, the price of the token went up 17%.

- The legendary bitcoin meme HODL is seven years old. It was first used by a user under the nickname GameKyuubi in his post on the BitcoinTalk forum, who later became known as Mr.HODL. On December 18, 2013, being a little drunk by his own admission, he wrote that as a bad trader he prefers to “hodl” so as not to incur financial losses.
“I typed the title twice because I made a mistake the first time. Still a mistake. A girlfriend is stuck in a lesbian bar, bitcoin is falling, so why do I hold? I'll tell you why. Because I'm a bad trader and I know it. Yes, of course, you good traders can see the highs and lows and playfully make a million dollars,” GameKyuubi wrote at the time.
On that day Bitcoin fell in price by almost 40%, GameKyuubi tried to simultaneously talk to his girlfriend and trade bitcoin through a heavily lagging app. After several failed attempts, he went to his room and started drinking.
Hodl, Hodler, is an Internet meme, a slang name for those who buy cryptocurrencies and hold them (do not sell) regardless of the market situation. For the first time, this variant of the spelling appeared as a typo in the word holding.

- MicroStrategy, a mobile software company, announced the completion of the last stage of the allocation of reserve assets, during which it invested $650 million raised from investors into 29.646 BTC at an average of $21.925 per coin.
It now owns almost 70,470 bitcoins in total, having spent $1.125 billion at an average price of $15.964 per bitcoin.
The $650 million raised in December was raised through the sale of convertible bonds with a maturity of five years. “The purchase of additional coins confirms our confidence in bitcoin as the most widely used cryptocurrency and a reliable store of value,” said Michael Saylor, CEO of MicroStrategy.

- Mill Hill Books has released a 340-page book, Kicking the Hornet's Nest, containing all emails, forum posts, and other entries by the anonymous bitcoin creator Satoshi Nakamoto. All entries are collected in chronological order and, according to the publishers, have been published "with almost no editorial comment." The printed version of the edition sells for $29, and it can also be purchased on Amazon.

- Scott Minerd, investment director of Guggenheim Investments, considers bitcoin to be a grossly undervalued asset, even at current price levels of around $23,000. “Our fundamental work shows that bitcoin should be worth about $400,000,” he said in a conversation with Bloomberg TV.
Analysts at Guggenheim Investments came to this conclusion based on two factors: the limited emission of bitcoin and its value relative to gold. There are many common characteristics that cryptocurrency shares with the precious metal, Minerd said, but bitcoin, unlike gold, "has extraordinary value in the context of transactions."
At the same time, Minerd noted that buying bitcoin above $20,000 seems to him "a little more problematic." His company began investing in bitcoin at a rate of about $10,000.


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#9 - December 23, 2020, 04:18:56 PM

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- Many experts agree that the value of bitcoin may reach $30,000 in the very near future. According to experts, the reason for this is the increased activity of "whales", who continue to make impressive investments in the cryptocurrency industry.
Experts from the analytical company CryptoQuant say that large investors are trying to keep funds in hardware wallets or distribute them between different platforms. The head of CryptoQuant, Ki-Young Joo, noted that this practice is being applied in the stock markets in anticipation of a major breakthrough. “I think that after the spurt [up to $ 30,000] there will be a pullback, the scale of which is very difficult to predict,” says Ki-Young Joo.
According to Vijay Ayyar, one of the top managers of the Luno crypto exchange, such a correction will be no more than 15%, after which bitcoin will face another growth.

- Investor Dennis Hartman, also known as the "king of assets", said in an interview with Bloomberg that bitcoin could become the so-called "millennial gold." According to the specialist, he does not support cryptocurrency assets, however, he considers them to be the main prospect for the future.
According to the financier, central banks around the world will increase their control over digital currencies. Therefore, even if bitcoin remains a fully decentralized unit, it will only be allowed to circulate locally when centralized.
Also, according to Hartmann, despite the prospects for the main cryptocurrency, it may even collapse to zero. This will happen against the background of the introduction of industry regulation in the world community. Due to a number of restrictions, investors will simply stop investing in bitcoin, which will first affect its capitalization, and later on the value.

- The founder of the crypto bank Galaxy Digital, Mike Novogratz, noted on CNBC the strong position of bitcoin in the face of pressure from the current Trump team, which has not been able to stop the record growth of the main cryptocurrency.
In addition, the head of Galaxy Digital expressed the hope that financial regulators under the leadership of President-elect Joe Biden will take a more loyal stance towards cryptocurrencies. “I hope that after the inauguration [January 20, 2021] we will get more progressive regulators. I will be happy to wait for the new administration and get a regulatory framework that supports rather than fights cryptocurrencies,” said Novogratz.

- The most secure strategy for investing in cryptocurrencies in 2021 will be the purchase and storage of a small portfolio of bitcoins and etheriums. This was stated by the head of the digital assets department of the Swiss online bank Swissquote Chris Thomas. In his opinion, these coins have long-term development potential.
In addition, a new form of digital money will appear in 2021, CBDC (Central Bank Digital Currency). According to the expert, one of the first countries to introduce such a state digital currency will be China. In Europe, Sweden can become such a country due to the high acceptance rate of such assets.

- Bitcoin miners' income has increased by 185% since the May halving. And now, according to the estimates of the analytical service Glassnode, the total earnings of all miners in the world is about $1 million per hour.
The experts noted that the last time miners earned so much from mining bitcoin was in July 2019. Then the coin traded in the range from $9k to $11k. But at that point, the BTC mining award was twice the current one.

Almost 20% of Australians own digital currencies at the moment, according to a survey conducted by the Independent Reserve crypto exchange. At the same time, more than 90% of respondents said that they knew about the existence of bitcoin and other virtual coins. Bitcoin turned out to be much more popular than any of the altcoins, among which respondents noted ETH, EOS, XRP and LTС.
As in the past year, the largest share of cryptocurrency holders is among people aged 25 to 34.

- Dan Morehead, CEO of Pantera Capital investment company, speaking on CNBC, called the limited supply of bitcoin as a key driver of growth in the value of this cryptocurrency. Currently, giants like PayPal and Grayscale are buying more BTC than bitcoin miners can mine. “When we see that there are large institutional investors, each of whom buys more than 100% of the current issue of such assets, it pushes the price up,” explained Dan Morehead.
The market is nine weeks away from seeing bitcoin at $115,000, according to an estimate in December investment analytics from Pantera Capital.

- The world's largest crypto fund Grayscale published a report last Friday, which shows that the total amount of funds in the cryptocurrency under its control has reached $16.3 billion.
Analyst Kevin Rooke noted that this giant continued to buy up bitcoins even amid the recent consolidation of the crypto market. This clearly indicates that Grayscale is set for a long-term growth in the value of the largest digital currency.
At the moment, Bitcoin and Ethereum Grayscale trusts have accumulated digital assets of $14.075 billion and $1.808 billion, respectively.

- Miami Mayor Francis Suarez has attracted the attention of the community with his stance towards the first cryptocurrency. He called bitcoin the most stable investment in the outgoing, “volatile year” 2020. According to Suarez, Miami and South Florida should be “at the forefront of legislation” promoting digital assets and supported by innovation.
In his address, Suarez has also noted Morgan Creek Digital co-founder Anthony Pompliano saying Miami “is on track to become a bitcoin city.”

- Amsterdam Stock Exchange trader Michael van de Poppe believes that bitcoin will rise from its current level to at least $40,000.  And although the expert does not rule out the likelihood of downward corrections, he is confident that "the bull market for bitcoin will continue for a long time."
In addition, Michael van de Poppe is convinced that a strong rally will be observed in the altcoin market sooner or later, in particular on Ethereum. According to the expert, the rise in prices in the altcoin market will begin after the first quarter of next year.

- Ethereum capitalization has exceeded $79 billion. The CEO of the crypto exchange Binance Changpeng Zhao drew attention to the fact that ETH had already surpassed such auto giants as General Motors ($59.5 billion), BMW ($47.1 billion) and Ferrari ($36.2 billion) in terms of capitalization.
In 2021, capital inflows into ETH will be even more significant, according to Messari analyst Ryan Watkins. Some investors are already concentrating exclusively on Ethereum. And the key event for this altcoin will be the launch of Ethereum futures on the Chicago Exchange (CME).


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#10 - December 30, 2020, 04:19:25 PM

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- The rise in the bitcoin price in recent months has shown that the first cryptocurrency can rise in price to $100,000 per coin, said the head of the American division of Binance Catherine Coley. In her opinion, this growth can be “accelerated” compared to what happened after the second halving in 2016. “We thought the $50,000 price was reasonable, but that number will definitely be slightly higher. I think that by the end of 2021 we will reach $75,000 - $100,000 per bitcoin,” the CEO of Binance.US believes.
More daring predictions for the BTC rate were made by Insider co-founder Henry Blodget and the CEO of the Kraken bitcoin exchange Jesse Powell: both named $1 million per coin. However, the former believes that this will happen thanks to speculators, while the latter relies on the growth of institutional investments in cryptocurrency.

- Investment bank JPMorgan has named a theoretical long-term target for the bitcoin price of $146,000. The millennial generation will drive adoption, JPMorgan says.
Experts believe that the image of an alternative to gold will make the first cryptocurrency even more popular. But this requires convergence of the volatility indicators of bitcoin and gold, and this is a "multi-year process."
JPMorgan's forecast is based on calculating the possible capitalization of bitcoin in the event of an inflow of funds, which are now in ETFs based on gold and in bullions. At the same time, analysts noted that already in October 2020, some outflow of funds from such ETFs and an inflow into Grayscale funds were recorded.

- Popular analyst Willie Woo believes that bitcoin is firmly entrenched above $20,000. In his opinion, we will no longer see the pullback of the cryptocurrency below this psychological mark.
Of particular importance is also the level of $24,000. After bitcoin crossed this milestone, it became clear that the market finally came under the control of investors who are inclined to long-term storage of cryptocurrency. If the coin keeps above $24,000, the number of its buyers will continue to grow.

- Analytics of Twitter posts show that as bitcoin sets new highs, social media interest in the digital currency is also setting new records. So, the number of unique messages about Bitcoin has reached 66,832, exceeding the previous high of 64,652 set during the 2017 bull run.

- The rise of bitcoin to $35,000 in recent days has led to the re-formation of the so-called "kimchi premium", which consists in the excess of the price of cryptocurrencies over the world ones on Korean exchanges. The overpayment rate on January 4 reached 5.5%.
Such an excess of prices on some exchanges over others was especially typical for the first half of 2018, when the difference reached 54%.
According to a number of analysts, the current price dynamics indicates an increased interest in cryptocurrency among South Koreans. This is due not only to expectations of further growth in BTC, but also to the fact that the Korean won is a restricted currency that is difficult to convert and move across the border.

- Luxurious and exclusive sports cars are increasingly being bought for bitcoins, which indicates an increase in the number of crypto millionaires. For example, the Vegas Auto Gallery in Nevada, whose sells aming other makes Aston Martin, Bentley, Ferrari and Lamborghini brands, has recently sold two first-class sport cars to customers, at over $6 million worth in BTC.

- December 2020 has proven to be the most successful for bitcoin miners in the past three years. They earned $ 692 million last month, according to a report from analytical service Block Research. Of this amount, about $63 million were transaction fees. But many miners are willing to pay so much high fees, if only their operations were processed as a priority.

- Chinese online game operator The9 announced its intention to join the cryptocurrency mining industry. To this end, it entered into agreements with several investors, including former executives of the Chinese mining company Canaan Inc.
The9 is listed on the Nasdaq stock exchange and expects to raise new capital by issuing and selling common Class A shares to investors, as well as coupons for their purchase. “Our goal is to collect enough mining devices to provide 8-10% of the global bitcoin hash rate, 10% of the global Ethereum hash rate and 10% of the global Grin hash rate,” said Jun Zhu, CEO of The9. - We intend to become one of the largest companies in the world in terms of hash rate. This will accelerate the development of other areas of our business related to cryptocurrencies.”

- On January 3, 2009, a person or group of people under the nickname Satoshi Nakamoto launched the main Bitcoin network, mining a genesis block with 50 BTC. Shortly before that, on October 31, 2008, the white paper of the first cryptocurrency was published. The first bitcoin transaction took place on January 12, 2009: Satoshi Nakamoto then sent 10 BTC to Hal Finney. A version of Bitcoin_0.1 software was published three days earlier.
Satoshi Nakamoto's identity and the motives for creating bitcoin still remain a mystery. It is possible that one of the incentives for this was the global financial crisis that broke out in 2007-2008.
In July 2020, the Whale Alert Twitter account showed information that well before Nakamoto left the crypto community more than ten years ago, he managed to mine 1,125,150 BTC. Now the cost of these coins would be about $40 billion.


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#11 - January 06, 2021, 03:55:21 PM

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- Mike McGlone, crypto analyst at Bloomberg, believes that bitcoin could hit the $50,000 mark in the near future. He gave a forecast a few months ago, according to which BTC was supposed to grow to a new historical high in December 2020, which eventually did happen.
“The main cryptocurrency already hit the $40,000 mark in early January but pulled back slightly due to a number of external factors,” Mike McGlone commented on his forecast. - There is an opinion that the general situation in the financial market affected the value of the main coin. The United States is currently not in the best position due to fluctuations in the dollar, which is why investors are switching to cryptocurrency from fiat. The capitalization of the main coin is tending to record values. I think the asset will take the 50k barrier soon.” Moreover, according to еру Bloomberg specialist, the chances for growth are much greater than for further weakening of the exchange rate. According to him, a rollback to $20,000 is now practically impossible.

- According to Bitcoin Treasures, large public companies acquired more than 1 million BTC (5.57% of the cryptocurrency market supply) last year, with a current value of about $40 billion. One of the most active institutional investors in 2020 is the world's largest crypto fund, Grayscale Investments, which manages about 600 thousand BTC, and the total value of its crypto assets is estimated at $24.5 billion (as of January 11, 2021).
Another major institutional investor is Nasdaq-listed mobile software company MicroStrategy. It has invested $1.12 billion in bitcoin over the past six months as a risk hedge and now it owns more than 70 thousand BTC.

- We wrote in the previous CryptoNews that it was 12 years ago, on January 12, 2009, that the creator of Bitcoin, known by the nickname Satoshi Nakamoto, sent the first transaction on the bitcoin network to the developer Hal Finney. Unlike Satoshi, much more is known about this recipient of the cryptocurrency.
Hal Finney partnered with PGP Corporation for many years, developing encryption products. Six months before his death in August 2014, Finney described his first experience with bitcoin:
“When Satoshi released the software, I immediately connected. I think I was the first person besides Satoshi to launch bitcoin. In total, I mined 70-odd blocks and became the recipient of the first bitcoin transaction. " At that time, Satoshi sent ten coins for the test. Over the next few days, Finney corresponded with the creator of bitcoin by email, helping to troubleshoot errors.
Describing his experience, the developer regretted his initially low interest in bitcoin. After helping with network testing and his first mining experience, Finney simply turned off the computer "because it was warming up and ha was annoyed by the fan noise."
The next time the developer returned to Bitcoin was in 2010, when Laszlo Heinitz bought two pizzas for 10,000 BTC and the cryptocurrency was first exchanged for dollars. 'I blew the dust off my old wallet and was relieved to find that my bitcoins were still in place. My children are technically savvy enough for me to leave cryptocurrency to them inherit,” the developer wrote.
According to Finney, the identity of Satoshi remained a mystery to him, although he assumed that he was dealing with "a young man of Japanese descent, very intelligent and sincere."

- Forbes magazine has compiled a list of people whose fortunes have grown significantly due to the rise in the price of cryptocurrencies. In first place are the founders of the bitcoin exchange Gemini, the Winklevoss brothers. The estimated value of their cryptocurrency assets, according to Forbes, is about $1.4 billion each.
Bloq co-founder Matthew Roszak with $1.2 billion in digital assets ranks second, followed by venture capitalist Tim Draper. According to Forbes, the value of his assets is estimated at $1.1 billion.
In fourth place is the head of MicroStrategy, Michael Sailor, with assets worth $600 million, in fifthis the founder of the crypto bank Galaxy Digital Mike Novogratz. Forbes valued his cryptocurrency assets at $478 million.
The last on the list is the co-founder of Ethereum Vitalik Buterin with assets worth $360 million.

- A discussion broke out online between billionaire Mark Cuban and the president of Euro Pacific Capital, Peter Schiff. The former expressed confidence in the ability of bitcoin and some altcoins to pass the “market bubble” similar to the way Amazon, eBay and Priceline experienced the dotcom boom.
Gold supporter Peter Schiff replied to this that “internet companies had real value, while no cryptocurrency has it.”
Cuban countered that the price of cryptocurrency, like gold, is determined only by supply and demand. “This is a means of saving value. There is no real use in bitcoin. All the talk of fiat and depreciation is advertising fiction. Bitcoin is not meant for transactions,” added the billionaire.

- Bitcoin trading on the PayPal platform is gaining popularity: trade volumes have increased by 950% since the beginning of January, that is, almost 10 times. According to the analytical service Nomics, platform users made transactions with BTC for just $22.8 million on January 01, 2021, and their volume amounted to $242 million on January 11, which indicates an increase in interest from retail investors.
While many praise PayPal for providing access to cryptocurrencies, others criticize the platform for not supporting cryptocurrency withdrawal functionality. That is, PayPal users who buy bitcoin on the platform can only sell it there.
As a reminder, the ability to trade cryptocurrencies on PayPal appeared in November 2020. While the function is only available to users from the United States, in the future the company plans to provide access to it to residents of other countries.

- Ethereum is poised for further growth, said Dan Tapiero, founder of the DTAP Capital investment fund. This is evidenced by the interest on the part of institutional clients of the American financial holding Northern Trust. In partnership with Standard Chartered bank, the holding company launches a service for storing cryptocurrencies. And "if Northern Trust stores bitcoin and ethereum, then they have buyers for both assets," Tapiero substantiated his point of view.

- Changpeng Zhao, CEO and founder of the largest crypto exchange by trading volume, Binance, said that at one time he had sold his apartment to buy the first bitcoins. “It was 2013. I sold my apartment to buy bitcoins. The price of BTC at that point was something around $200,” he recalls. “Now I do not use fiat money at all and do not transfer cryptocurrency to fiat. For me personally, fiat is no longer relevant. I pay for food, taxi, and in general I pay for everything exclusively with cryptocurrency, "added the head of Binance.

- Seventy-year-old investor Bill Miller expressed the opinion that the first cryptocurrency has far from exhausted its growth potential. Firms like Square and PayPal buy freshly mined bitcoins every day, he said. Demand from retail investors is also growing. At the same time, in contrast to demand, the supply of digital gold increases slowly. This situation creates the prerequisites for the increase in the price of bitcoin to new heights.
Miller added that while people speculate about where the price peak is, the Fed's zero interest rate policy puts cash in a "guaranteed losing position." This means that holding 1–2% of a portfolio in bitcoin is a good hedge against risk, even if the cryptocurrency eventually crashes. “I think that owning a small number of bitcoins is more of a risk management strategy than anything else,” the American investor emphasized.


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#12 - January 13, 2021, 03:48:03 PM

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- Bitcoin has proven to be the most profitable asset in the past nine years due to constant fluctuations in value. According to experts, in this case it is not only about a direct increase in the price of cryptocurrency. Even when the coin sinks, it benefits traders who buy it at the price lowest for a certain period.
?Currently, the base coin is trading at $35,000. If everything develops in about the same direction, then in February it will be possible to see bitcoin for $45,000 or even more,? predicted the head of Pantera Capital investment company Dan Morehead, and at the same time he advised traders and other industry participants to be reasonable, since bitcoin has always been unstable. Even against the backdrop of the rally that began in December last year, the asset continues to remain risky, which is well understood by all experienced coin holders.

- JPMorgan Chase strategists, led by Nicholas Panigirtzoglou, believe that bitcoin could lose ground in the short term if it fails to break above $40,000. This month, the flagship cryptocurrency has twice broken through this key level, and then rolled back.
The key to the short-term outlook for bitcoin's price is the world's largest digital asset management company Grayscale Investments, with a crypto portfolio currently valued at $23 billion, analysts say. "For such a breakthrough to occur, the Grayscale Bitcoin Trust will likely need to maintain an inflow rate of $100 million per day over the coming days and weeks." However, if BTC still fails to hit the $40,000 mark, a deep correction can be expected.

- After a deal to sell cryptocurrency, a Hong Kong resident was robbed of $448,700. This is reported by news agency South China Morning Post. The buyer of the digital currency invited the trader to the office of ashopping center to carry out the transaction. She transferred USDT tokens and received HK $3.5 million in cash. After the transaction, three men ran out of a nearby room and, threatening with a knife, took away the victim's money and the smartphone. The woman was locked up, and all four "buyers" fled.
Interestingly, the victim had already conducted several successful transactions with this buyer. According to police, in this way the criminals won the trust of the victim.

- Billionaire Howard Marks, co-founder of Oaktree Capital Group, has significantly changed his attitude towards bitcoin. Earlier, Marks stated that investing in cryptocurrency is a very dangerous operation that can cause huge losses for large investors. In 2017, during the bitcoin rally, he advised to refrain from buying coins. In addition, he called cryptocurrencies "fake" and said they had no real value.
And now the billionaire says that his "skeptical views on cryptocurrency assets have not been confirmed." ?Let's hope,? Marx wrote, ?that events will continue to develop as actively as they are now. The cryptocurrency market is gradually emerging from the shadow sector, as evidenced by a large number of major investors. I think it still has real value. My family owns an impressive number of bitcoins, which I support at this stage.?

- According to the online edition Forklog, a "biblical message" was found in the bitcoin block No.666666. ?Do not be overcome by evil, but overcome evil with good,? says the Epistle to the Romans of the Apostle Paul, chapter 12, verse 21. An unknown person added this quote from the sixth book of the New Testament to block # 666666 of the bitcoin network and sent two equal amounts in the first cryptocurrency to two addresses, the first characters of which contain the words "God" and "Bible" in English.

- The former CEO of the now defunct South Korean cryptocurrency exchange Coinnest was sentenced to 18 months in prison. It is reported by Bitcoin.com with reference to local media.
According to the case file, ex-director Kim Ik Hwang received a bribe of 110 BTC ($770 thousand at that time) in February 2018 for listing the S-coin, which was issued by K Group. Subsequently, 2 million S-coins with a total value of $125,500 were also credited to his account.
Although the defendant pleaded not guilty, the Supreme Court sentenced Kim to one and a half years in prison for commercial bribery and fined him over $61,000. ?Hwang manipulated market prices and gained unreasonable profit for it. Such actions undermine confidence in the crypto industry, which means they are unacceptable," the prosecutor said.

- 2020 has turned out much better for long-term investors than the previous year. The market capitalization of 30 key assets of the cryptocurrency market grew by 308% (versus 62% in 2019), according to a report from CoinGecko. Among the five largest coins, bitcoin has shown the best results, having risen in price by about four times (in 2019 - by 95%). Ethereum looked even better, its price rose by 472% after near-zero dynamics over the previous 365 days. Portfolios with DeFi protocol tokens gained 718% on average.

- Scott Meinerd, investment director at Guggenheim Partners, compared the current situation with what happened to the economy after the Spanish flu epidemic in 1918. At the same time, he confirmed his forecast for the bitcoin rate at $400,000 but warned of a possible correction.
According to the specialist, the latest rise in the BTC rate could have been caused by retail investors. ?I think it's about them. There is some speculative frenzy in the market. It may be worth withdrawing some of the funds from cryptocurrencies,? Minerd said.

- A startup in the field of cybersecurity Red Balloon Security from New York (USA) as a test task sends applicants to vacant places a hard drive with locked bitcoins worth about $5 thousand and several boxes of chocolates.
In a week, the applicant needs to get access to the cryptocurrency wallet. If successful, part of the funds must be spent on buying a ticket to New York in order to meet with a representative of Red Balloon Security. Anyway, one can keep the chocolates.
The company sends such packages to almost everyone, but at the same time it regularly changes the content of the test so that applicants cannot share their results on the Internet. Statistics show that for 150-200 people there is only one applicant who has successfully completed the task.

- One of the world's largest investment banks, Goldman Sachs, is exploring the possibility of launching a custodian service for digital assets. This is reported by CoinDesk with reference to its own source within the bank. ?Like JPMorgan,? the source said, ?we have released an RFI for digital storage. We are studying the issue extensively and deciding what to do next. " Regarding the timing of the launch of services related to cryptocurrencies, the source replied that the bank's plans "will become apparent in the near future."


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#13 - January 20, 2021, 04:23:59 PM

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- Bank of Singapore, one of the largest Asian financial institutions, has once again called bitcoin a promising instrument. According to experts, the main cryptocurrency has proven that it can remain a profitable asset even in times of crisis. A new report by the Bank of Singapore says that bitcoin has lost its status as a ?risky? financial instrument over the years, becoming ?relatively stable?, and may not only compete with gold, but also displace it from the first place in terms of investment safety.
At the same time, the bank's experts believe that "we are unlikely to see widespread adoption of bitcoin soon, since regulators simply will not allow users to independently decide how transactions with millions or even billions will be performed."

- The majority of cryptocurrency investors are currently people aged 45+, we are talking about residents of almost 80 countries. The research was carried out by experts of the Wirex platform in conjunction with the Stellar Development Foundation, who studied the income in the cryptocurrency industry in 24 months. As a result, it turned out that only 22% of investors are between 25 and 45 years old. Back in 2018, the situation was fundamentally the opposite. Then, many experts noted that cryptocurrencies are assets of the so-called millennials who are ready to invest in new instruments. However, over the past two years, many middle-aged people have joined the industry, deciding to convert some of their assets to bitcoin or other coins.

- Experts from the Weiss rating agency believe that bitcoin could reach the $50,000 level in 2021. ?The entry of institutional capital into the cryptocurrency industry has become one of the fundamental events. Grayscale and MicroStrategy have already invested in digital assets. Other large companies and funds are thinking about investing in bitcoin. If the inflow of investments continues to increase, then we will see the main coin at 50 thousand dollars and even more expensive very soon, " according to Weiss.

- The head of the ARK Investment Management investment company, Katie Wood, believes that more and more companies will store part of their reserves in bitcoin in the future, hedging their risks in this way. She stated this in an interview with Yahoo Finance. ?This is especially true of technology companies that understand this and are comfortable with cryptocurrencies,? added the head of ARK Investment.

- Former head of the Federal Reserve System (FRS) Janet Yellen became the first woman in history to serve as US Treasury Secretary. When heading the Fed from 2014-2018, Yellen called the first cryptocurrency a speculative asset. However, following her nomination as finance minister in November 2020, she changed her rhetoric, promising to closely monitor the industry and consider ways to encourage the legitimate use of digital assets. According to her, regulators can use the advantages of cryptocurrencies to improve the efficiency of the financial system.

- US resident Simon Berne created a mining farm of six Nvidia RTX 3080 video cards and placed it in the trunk of his BMW i8 sports car. (The price of such a car is about $147,500). According to Berne, this is a great way for him to make money even while traveling. He made the assembly of the farm himself to annoy gamers. The farm receives energy from the car battery, to which it is connected using a DC inverter. The battery power of the BMW i8 is 3500W, while the mining plant only consumes 1500W.

- Crypto bank Galaxy Digital by Mike Novogratz will launch new funds based on Ethereum in February. We are talking about the Galaxy Ethereum Fund targeted at institutional investors and two funds for retail clients. As for the Galaxy Ethereum Fund, 1% will be charged for management there on investments from 100 thousand dollars and 1.25% for smaller investments. The threshold for participation will be $25,000. In the other two funds, the fee would be 0.75% for Class A shares and 1% for Class B shares. The launch of Galaxy Digital funds coincides with the start of Ethereum futures trading on the Chicago Mercantile Exchange (CME).

- Most of the cryptocurrency supporters are familiar with the idiom "to the moon". And now, 22-year-old American Jimmy Donaldson known for his crazy antics, such as giving away $1 million and building the world's largest Lego tower, decided to turn that expression into reality. (Donaldson is also known as YouTuber MrBeast with over 50 million subscribers.) 
?Astrobotics and NASA are sending a lander to the moon at the end of this year, we were able to find a place on it to install a hard drive. And I thought it would be great to let you guys put whatever you want there,? wrote MrBeast. He announced that for $10, anyone could send him a photo, which he would save on this hard drive. With the money received, Donaldson plans to purchase about 30 bitcoins (about $1 million), which will also be sent to the moon. The Youtuber called this project "The first digital time capsule in the Universe."


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#14 - January 27, 2021, 03:20:40 PM

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- Bitcoin price could drop again ahead of Chinese New Year. According to a number of experts, this time the price of the main coin will be affected by the actions of small investors who will begin to transfer crypto assets to fiat to buy New Year's gifts.
Currently, it is in China that the bulk of the owners of bitcoin wallets with savings of up to 10 thousand dollars are concentrated. ?Even if institutional investors do not react to the possible strengthening of the dollar and stock markets, small investors will definitely start withdrawing funds before the holidays. The New Year is usually celebrated very lavishly in China. In addition, the charts for the past few years show that exactly on the eve of the holidays, the capitalization of bitcoin is greatly decreasing, the specialists of the investment company Stack Funds explain the situation.

- According to Cryptofeed.news, a bug was found in Apple devices, due to which attackers can gain access to cryptocurrency wallets. Pete Kim, chief engineer of the Coinbase trading platform, noted that the bug represents the ability to activate remote access mode from other devices. This means that criminals who can enable this option will be able to get to banking apps or wallets.
?So far there is no evidence that the bug could have been used to steal digital assets, but it?s better just not to bring it up,? explained Kim. Apple has not yet commented on this software flaw.

- The first cryptocurrency is on the cusp of widespread adoption by the traditional market. This was stated by the founder of Tesla and SpaceX Elon Musk during a conversation on the Clubhouse media platform. According to him, many friends urged him to buy bitcoin. And today he has to admit that he was "late to appear at the party."
?I'm a bitcoin supporter. I believe the financial world is close to its wide acceptance. But I have no opinion about other cryptocurrencies, "- Forbes quotes the words of the billionaire.
Elon Musk also promised that he would be more careful with his comments because of the great impact they have on the market. Recall that he has recently changed his Twitter profile description to "#bitcoin" with the cryptocurrency logo, after which the coin's price jumped sharply, exceeding $37,000.

- On February 2, MicroStrategy, an analytical software company, bought an additional 295 BTC for a total of $10 million. The average purchase price was $33,808. In total, the company acquired 71,079 BTC starting from August 2020, spending $1.145 billion on it. At the time of writing, the total value of bitcoins in MicroStrategy's reserves is $ 2.55 billion, that is, its return on investment (ROI) in six months was about 120%.

- The US authorities have accused a California resident of running an illegal cryptocurrency exchange and money laundering. Hugo Mejia, 49, from Ontario reportedly launched his service in May 2018. He advertised the platform on the Internet and met with clients in person in a cafe and corresponded with them using encrypted messages. During this period, Mejia's clients exchanged more than $13m worth of assets with his help.
From May 2019 to March 2020, the manager communicated several times with a front buyer who informed him he was an Australian drug dealer. In total, the front client conducted five transactions worth more than $250,000, after which Mejia was arrested. He will appear in the U.S. District Court in March and faces up to 25 years in prison.

- The number of unique active BTC addresses reached 22.3 million in January amid growth in network activity and the rate of the first cryptocurrency, which rose to $42,000 on January 8. ?This is the highest rate in the history of bitcoin to date,? say analysts at Glassnode. The January surge in activity surpasses the previous record of 21 million active addresses in December 2017, their number has not fallen below 10 million per month since then.

- Specialists of the analytical platform CryptoQuant noted in recent days the movement of large volumes of bitcoins. 15,200 BTC was withdrawn from the Coinbase exchange alone at a cost of about $500 million. Coins were withdrawn in batches from 1,100 BTC to 4,400 BTC, which is a rare occurrence. Usually, crypto exchanges do not split transfers in this way when moving coins between their own wallets, as this leads to an increase in overhead costs.
According to the founder of CryptoQuant, Ki Yong Joo, bitcoins went to custodian wallets, on which only incoming transactions were noticed. ?These are probably over-the-counter deals of institutional investors. And I consider this to be the strongest bullish signal,? he wrote.

- Visa CEO Alfred Kelly spoke about plans for cryptocurrency payments during a teleconference on the company's financial activities. He noted that the company is ready to make such payments more secure. Visa plans to work with wallets and exchanges so that users can not only buy crypto assets, but also cash them in and make purchases in fiat currency without prior conversions.
Visa currently distinguishes between two classes of cryptoassets: assets like bitcoin - digital gold, and assets backed by fiat currencies, including stablecoins and central bank digital currencies. ?It goes without saying that if a particular digital currency becomes a recognized means of exchange, there is no reason why we cannot add it to our network, which already supports over 160 currencies today,? concluded Kelly.

- According to a report from research firm Binance Research, bitcoin remains the leading cryptocurrency as 65% of users have it in their investment portfolio. This figure was obtained by a survey of 61,000 users from 178 countries. The document, called the 2021 Global Cryptocurrency User Index, says that 52% of users consider cryptocurrency to be a source of current income, while the rest own digital assets, considering them part of a long-term investment strategy.


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#15 - February 03, 2021, 03:15:29 PM

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