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A Top Market Strategist Changed His Mind On Bitcoin — Believes Bitcoin Should Be A Part Of Investors’ Portfolios | by Eva Peters | The Capital | Dec, 2020

A Top Market Strategist Changed His Mind On Bitcoin — Believes Bitcoin Should Be A Part Of Investors’ Portfolios | by Eva Peters | The Capital | Dec, 2020

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Once a crypto skeptic, Bernstein Research’s co-head of portfolio strategy now says bitcoin should have a place in investors’ portfolios.

“I have changed my mind about bitcoin’s role in asset allocation,” said Inigo Fraser-Jenkins in a Monday note to clients.

His take comes as the coin reaches new record highs and has seen year-to-date gains of over 160%.

But bitcoin’s most recent…

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The Australian Senate just voted to kill the $10,000 'cash ban' bill

The Australian Senate just voted to kill the $10,000 ‘cash ban’ bill

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A bill proposed by Australian lawmakers to ban the use of cash for transactions over $10,000 has been killed by a unanimous Senate vote. 

One Nation Senator Malcolm Roberts brought the motion to remove the bill today after more than a year of trenchant opposition to it from a cross section of the community, including cryptocurrency proponents. Many saw it as infringing on Australians’…

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Glassnode Metric Points to Bitcoin Potentially Reaching $590,000 on Bull Run

Glassnode Metric Points to Bitcoin Potentially Reaching $590,000 on Bull Run

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A key metric compiled by on-chain analytics company Glassnode points to Bitcoin’s current bull rally taking the price as high as $590,000.

According to Glassnode, Bitcoin’s Net Unrealized Profit/Loss (NUPL) index has reached a level that historically indicates the price will continue to an order of magnitude higher.

In a tweet published on November 30, Glassnode Chief Technology Officer…

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Recently Mined Bitcoin Block Includes This Iconic Reuters Headline

Recently Mined Bitcoin Block Includes This Iconic Reuters Headline

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Alex Dovbnya

This headline about Bitcoin’s all-time high is now immortalized on the cryptocurrency’s blockchain

Contents

The mainstream media validates Bitcoiners’ concerns 

Easter eggs that define the anti-fiat ideology 

Bitcoin’s historic rally to a new all-time high is now immortalized on the cryptocurrency’s blockchain.

Slush Pool, the oldest cryptocurrency mining pool, included…

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Cardano’s K Parameter to Change in Less Than a Week Could Trigger ADA Price Rally

Cardano’s K Parameter to Change in Less Than a Week Could Trigger ADA Price Rally

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IOHK, the blockchain development company behind the Cardano blockchain has recently announced that they have successfully implemented a change to the blockchain, raising its k parameter from 150 to 500 on Dec. 6. 

The k parameter on the Cardano blockchain is the reward scheme that sets the “soft-cap” on the pool size. Assuming rational participants and no external factors, at…

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Bitcoin and Altcoins Bracing For The Next Crucial Break

Bitcoin and Altcoins Bracing For The Next Crucial Break

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In the past two days, there were mostly broad range moves in bitcoin price below the USD 19,500 resistance. BTC declined below USD 19,000, but it remained well bid above USD 18,500. The price is currently (05:00 UTC) trading near USD 19,000 and it seems to be preparing for the next crucial break.

Similarly, there were range moves in most major altcoins, including ethereum, XRP, litecoin,…

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Big SPAC News. Bill Ackman’s SPAC is rumored to… | by Armchair Banker | The Capital | Dec, 2020

Big SPAC News. Bill Ackman’s SPAC is rumored to… | by Armchair Banker | The Capital | Dec, 2020

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Bill Ackman’s SPAC is rumored to acquire either Stripe or Robinhood Image Courtesy: CNBC

SPACs have been the hot thing this year. So many investors from Chamath Palihapitiya to Brad Gerstner are backing SPACs. Even former Speaker of the House Paul Ryan joined the board of a SPAC.

No SPAC is making headlines more than the one owned by famous activist investor Bill Ackman. Bill…

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INX Limited to List Diamond Standard Coin

INX Limited to List Diamond Standard Coin

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INX Limited, the self-described “blockchain-based platform for trading digital securities and cryptocurrencies,” has revealed that it signed a letter of intent with Diamond Standard, the “creator of the world’s first and only regulated diamond commodity,” to list its asset, the Diamond Standard Coin, according to a press release from the group.

The release describes this asset as the…

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Will SNX and UNI Continue Pumping Alongside the DeFi Index?

Will SNX and UNI Continue Pumping Alongside the DeFi Index?

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The prices of Uniswap (UNI) and Synthetix (SNX) tokens have broken out from their respective resistance levels and validated them as support afterward.

Along with the DeFi index, UNI and SNX are expected to continue moving upwards, at least in the short-term.

  Synthetix (SNX)

The SNX price has been moving upwards since it reached an all-time low price of $2.47 on Nov. 7. SNX broke out…

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A Crypto Exchange's Email Mistake Leaked Data of 270,000 Users

A Crypto Exchange’s Email Mistake Leaked Data of 270,000 Users

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In brief

Australian crypto exchange BTC Markets revealed the names and email addresses of its 270,000 clients.

The messages were sent out to batches of 1,000 users each, revealing their details to every addressee.

The exchange confirmed the leak and apologized—but its customers are not happy.

Australian cryptocurrency exchange BTC Markets—which claims to be the largest in the…

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CipherTrace warns of surge in funds lost to MetaMask phishers

CipherTrace warns of surge in funds lost to MetaMask phishers

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Cyber Security firm CipherTrace has issued a warning after noting a surge in reports over the past 24 hours of users funds being stolen by a malicious Chrome browser extension posing as popular crypto wallet MetaMask.

The warning was issued under the headline “ALERT: Malicious Crypto Browser Extension—Masked MetaMask” and reported the company had seen “an uptick of alerts and comments…

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Ethereum Approaches Key Breakout, Why $600 Holds The Key

Ethereum Approaches Key Breakout, Why $600 Holds The Key

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Ethereum found support above $580 and corrected higher against the US Dollar. ETH price is facing a strong resistance near the $600 and $602 levels.

Ethereum started a decent recovery wave above the $585 and $590 levels.

The price is approaching the $600 barrier and it is above the 100 hourly simple moving average.

There is a key contracting triangle forming with resistance near $600 on…

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US Lawmakers Want to Regulate Stablecoins, and Crypto Twitter is Not Happy

US Lawmakers Want to Regulate Stablecoins, and Crypto Twitter is Not Happy

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The new STABLE Act could easily become the next nightmare for stablecoin businesses in the United States as it would bring them closer to the banking ecosystem than to the world of technology.

On December 2, 2020; Congresswoman Rashida Tlaib, along with Rep. Jesus “Chuy” Garcia and Rep. Stephen Lynch, introduced the new Stablecoin Tethering and Bank Licensing Enforcement (STABLE) Act, a…

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Vitalik Buterin Explains What’s Next for Ethereum after the ETH 2.0 Beacon Chain Launch

Vitalik Buterin Explains What’s Next for Ethereum after the ETH 2.0 Beacon Chain Launch

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Ethereum 2.0 Phase 0, also known as the blockchain’s Beacon chain, was launched on Dec. 1. The launch of Ethereum 2.0 has introduced a new consensus mechanism to the network—proof-of-stake. 

Ethereum 2.0 has been divided into phases, with Phase 0 enabling the staking function of the project. Phase 1 enables the sharding of data, which would enhance scalabilityand increasing the storage…

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What is Sharding?. Is It Legal for Blockchain? | by Alex Koma | The Capital | Dec, 2020 Sharding is a method of dividing and storing a single logical set of data in the form of multiple databases.

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Microsoft Threat Intelligence Team Says Cyber Thieves Using Crypto Asset Monero As Decoy While Attacking Nation States

Microsoft Threat Intelligence Team Says Cyber Thieves Using Crypto Asset Monero As Decoy While Attacking Nation States

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The Microsoft Threat Intelligence Center (MSTIC) says that a nation-state hacker group is using crypto mining malware and other advanced tools to cover up nefarious attacks.

The group known as BISMUTH initially used open-source and custom tools to target multinational corporations, human rights organizations, and financial institutions among others, says Microsoft in a new report.

Since…

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Bitcoin Mining Difficulty Hits All-Time High As Hash Rate Soars

Bitcoin Mining Difficulty Hits All-Time High As Hash Rate Soars

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Bitcoin

Nick Chong | Oct 20, 2020 at 7:00 UTC

In a testament to the growing fundamental strength of Bitcoin, the mining difficulty on the network has set a new all-time high, nearing 20 trillion after a 3.62% gain on Sunday, according to data from BTC.com. The adjustment comes after the Bitcoin hash rate, too, soared to record highs.

The hash rate is the measure of computational power…