Bitcoin SV Drops 40% as Lawyer Admits Craig Wright Has No Private Keys

The altcoin Wright claims is the “real” Bitcoin has lost investors who bought on Jan. 15 almost half their money. Controversial altcoin Bitcoin SV (BSV) has crashed 17% overnight after its main proponent failed to prove he has access to $9 billion in Bitcoin (BTC). Data from Coin360 and Cointelegraph Markets confirmed a difficult 24 hours for BSV holders, who saw huge gains over the past week as Craig Wright’s court case delivered fresh revelations.  Wright evidence “did not include” BTC keys After Wright had promised to prove he was…

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New Analysis Finds That Mondays Are the Best Days to Buy Bitcoin

Bitcoin returns on investment differ based on what day of the week BTC was bought as well as other factors such as volatility and market cycle conditions. This week saw Bitcoin price (BTC) hitting the $9,000 barrier amid the launch of CME Bitcoin options and Plaid’s acquisition by Visa, reaching a record price for the last two months.  Bitcoin’s 27% price gain since the beginning of the year along with the future bullish scenarios laid down by investors may attract new crypto holders. But since BTC/USD is traded 24/7, new…

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It’s Never Been Harder to Mine Bitcoin as Hash Rate Hits New Highs

Data from Glassnode strengthens the overall consensus that Bitcoin’s hash rate, despite being hard to measure, is stronger than ever before. The mean hash rate of the Bitcoin (BTC) network has hit new all-time highs to mark the cryptocurrency’s latest technical achievement, fresh data suggests. Compiled by monitoring resource Glassnode, a new analysis of Bitcoin’s historical hash rate shows that on Jan. 7, the mean value reached 119 quintillion hashes per second — its best ever at the time. Bitcoin hash rate (1-day moving average) versus price. Source: Glassnode Consensus…

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Ethereum 1.x Devs Focusing on ‘Stateless Clients’ to Curb Chain Bloat

As Ethereum Serenity is still years away, additional work on the existing chain is needed to maintain it fully functional throughout the transition period. While Ethereum continues to develop the next stage of its evolution with the sharding-enabled Ethereum 2.0, a group of developers will focus on the existing chain to maintain its operability during the transition.  Dubbed Ethereum 1.x, the project’s goal is to maintain Ethereum’s (ETH) usability while the Serenity upgrade is being worked on. As explained in a Dec. 10 blog post by Ethereum Foundation (EF), the…

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Mind the Gap: Identifying and Trading 4 Different Bitcoin Chart Gaps

Everyone in crypto is talking about CME gaps, but all gaps are not created equal. Learn to identify the types and how to trade them. The talk of the crypto community in the past few months has been the gaps on the Bitcoin (BTC) CME (Chicago Mercantile Exchange) futures chart. Bitcoin trades 24/7 on major exchanges but does not trade on weekends on the CME. This often creates a gap, or empty space on the chart when trading resumes on the CME. There is a famous saying in Physics: “nature…

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Swiss-Regulated Digital Asset Bank Plans $95M Capital Raise

Swiss-based crypto bank Seba is targeting more than $95 million in a second capital raise. Seba, a young Swiss-based digital asset bank holding regulatory licensing, looks to attempt a secondary capital raise to garner over $95 million in additional funds. During the raise, Seba aims to secure 100 million Swiss francs, equivalent to $96.5 million, “from new investors, including financial institutions, family offices and individuals,” Financial News London wrote in a Jan. 17 brief. Recent launch Crypto friendly startup SEBA Bank AG announced its launch on Nov. 12, 2019 after…

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New EU AML Compliance Laws Could Disrupt the Crypto Industry

As the 5AMLD is signed into law, turbulent times lie ahead for the crypto industry, experts discuss the changes. On Jan. 10, the European Union’s 5th Anti-Money Laundering Directive (5AMLD), was officially signed into law. The legislation will give sweeping powers to compliance organizations and law authorities. However, aside from tracking dirty money to offshore paradises, the law brings about a series of restrictive demands on crypto companies in a way never seen before. This development cuts into the notion that, in the past, the world’s richest people comfortably diverted…

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Mind the Gap: Identifying and Trading 4 Different Bitcoin Charts Gaps

Everyone in crypto is talking about CME gaps, but all gaps are not created equal. Learn to identify the types and how to trade them. The talk of the crypto community in the past few months has been the gaps on the Bitcoin (BTC) CME (Chicago Mercantile Exchange) futures chart. Bitcoin trades 24/7 on major exchanges but does not trade on weekends on the CME. This often creates a gap, or empty space on the chart when trading resumes on the CME. There is a famous saying in Physics: “nature…

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Oklahoma Senator Working on Bill for State-Backed Blockchain Institution

Oklahoma senator Nathan Dahm will introduce a new bill set to support blockchain and digital asset innovation in the state. Oklahoma senator Nathan Dahm wrote a new bill for his state which looks to build a state-backed innovative financial institution around blockchain technology, establishing a new classification of institutions. Dated Jan. 15, 2020, the bill noted that the state-chartered financial institution will be “the central depository for virtual currency used by governmental agencies in this state.” Detailing the bill Adding further details, the text explained the movement essentially will prevent…

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Tether Claims to Be Okay With Merger of Class-Action Lawsuits Against It

Tether says it did not deny prosecutors’ request to consolidate three lawsuits the stablecoin and its sister exchange Bitfinex are facing. Currently facing multiple lawsuits, cryptocurrency stablecoin issuer Tether (USDT) received a request from prosecutors asking for consolidation, combining three lawsuits into one, which Tether has not denied. “We did not oppose the plaintiffs’ requests to combine these frivolous claims, originally filed, respectively, in October in New York, in November in Washington and in January in New York,” reads a Tether statement shared with Cointelegraph via email on Jan. 17,…

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