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After successfully launched a bitcoin exchange-traded product in Europe, Vaneck has now filed a new proposal for a bitcoin exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC). Under former chairman Jay Clayton, the SEC never approved a bitcoin ETF. However, Clayton has resigned from his post and changes may be coming from the incoming Biden administration. First Bitcoin ETF Filing After Clayton’s Departure New York-based investment management firm Vaneck filed a registration statement with the U.S. Securities and Exchange Commission (SEC) on Dec. 30 to list and trade the Vaneck Bitcoin Trust. According to the filing, the sale of the fund’s shares will commence “As soon as practicable after the effective date of this registration statement.” “The Vaneck Bitcoin Trust (the ‘Trust’) is an exchange-traded fund that issues common shares of beneficial interest (the ‘Shares’) that trade on the Cboe BZX Exchange Inc.,” the filing describes. “The Trust’s invest...

Paolo Ardoino says Tether hasn't done anything to warrant any additional investigations from the SEC. from Cointelegraph.com News https://ift.tt/3aUiePC via IFTTT

Enterprise blockchain matured throughout 2020 and will continue to do so moving forward, here’s how it may become mainstream. from Cointelegraph.com News https://ift.tt/38VQsQi via IFTTT

PRESS RELEASE. Securypto trade will open on Bilaxy on 1 January, 2021 and all indicators say that it will start off strong given the high demand for it alongside the low circulation of the coin as pointed out by Securypto team. There will be only 410,000 coins available for sale when it starts trading on Bilaxy. On top of that, another 750,000 coins have been recently burned on 28 December, 2020. This news alone has made investors pay more attention to the potential Securypto has on the market especially since the SCU coin is one of the few coins that actually has a use case. Taking in consideration the scarcity of the coin, it is expected by the Securypto telegram community that the value of the coin will increase by time in both short and long term in their recent poll. Securypto has raised almost $100,000 before the exchange opening which is an astonishing feat on its own these days, long past the days of ICOs. This signal clearly shows how strong the community and investors ...

Bitcoin proved its store-of-value narrative in 2020, but its growth could bring increased regulatory scrutiny in 2021. The post Bitcoin’s Strong 2020 Could Bring A Bumpy 2021 appeared first on Bitcoin Magazine. bit.ly/3f7o14k http://dlvr.it/RpgzbX

In 2021 and in the years to come, the digital-asset space must take steps to identify and implement solutions for its security. from Cointelegraph.com News https://ift.tt/2MczogX via IFTTT

The Diem Association’s rebrand from Libra was supposed to herald a new day for the project, but a touted 2021 launch may not go as planned. from Cointelegraph.com News https://ift.tt/3pEXteY via IFTTT

Binance.US and eToro are the latest exchanges to discontinue XRP trading in America as Ripple faces the SEC's enforcement hammer. from Cointelegraph.com News https://ift.tt/3n3PR3Y via IFTTT

The CTO at Bitfinex Paolo Ardoino has pushed back against rumours that the company’s Tether stablecoin may be the next target of the U.S. Securities and Exchange Commission (SEC). The Bitfinex executive insists that the Tether stablecoin, whose market capitalization has now surpassed $20 billion, is a properly registered and regulated crypto. The Alleged Misinformation Campaign The CTO said while responding to rumours circulating on social media that the USDT stablecoin might fall into a predicament similar to that of Ripple’s XRP token. Immediately after the SEC filed to sue Ripple for allegedly violating the Securities Act, the XRP token’s value tumbled . Additionally, many crypto exchanges that are wary of the implications of the lawsuit have delisted the token. However, in his reply to Ki Young Ju, the CEO at Cryptoquant, Ardoino dismisses the rumours and accuses the former of spreading misinformation. The CTO goes on to claim that the company’s stablecoin adheres to regul...

Bitcoin HODLer volume suggests a prolonged correction is not likely, but that could change. from Cointelegraph.com News https://ift.tt/2WWnrht via IFTTT

Cover Protocol will distribute new "coins" to token holders as Binance announces compensation for affected traders. from Cointelegraph.com News https://ift.tt/3hyDdZm via IFTTT

Corporations and institutional investors seeking an alternate store of value amid the pandemic crisis drove crypto to new heights in 2020. from Cointelegraph.com News https://ift.tt/2L9WqVr via IFTTT

Gold bug Peter Schiff has been publicly confronted by his 18-year-old son, a bitcoin proponent, on the topic of value. Calling his dad’s understanding of money “Flawed,” Spencer Schiff made the statement in defense of TV Personality Max Keiser, who was having an argument with Peter on Twitter. ‘Your Understanding of Money is Flawed’ Gold bug Peter Schiff was confronted by his son, Spencer Schiff, on Monday after he accused TV personality and bitcoin proponent Max Keiser of not understanding the concept of fiat money. “According to Max Keiser, I oppose bitcoin because I’m a fiat addict. In the bizarro world of bitcoin, gold is the new fiat,” Peter Schiff tweeted. “Clearly, Max Keiser doesn’t understand the concept of fiat, or how it differs from legitimate currency or actual money. That explains his bitcoin fixation.” At the time of this writing, his tweet got 354 comments and was liked 877 times and retweeted 67 times. Among those who commented was his son, an 18-year-old bitcoin ...

Polkadot has recounted its gains in 2020, identifying its dominance of the crypto staking scene among other notable milestones for the year. from Cointelegraph.com News https://ift.tt/3naTK7n via IFTTT

The crypto world is full of malicious hackers and other serious threats to your digital assets. CyberGhost VPN, which is trusted by over 36 million users globally, can help protect your security when making online transactions and payments. The service accepts bitcoin and you can now save over 80% from the regular price with a CyberGhost VPN New Year’s offer . Make Online Security Your New Year’s Resolution The incredible wealth stored in digital assets has attracted to the crypto world some of the smartest hackers out there. They plague both companies and individuals using sophisticated methods such as spear phishing, trojans and SIM-swapping, and security breaches have become the norm. For this reason, maintaining excellent online security is an absolute must for crypto users and having a VPN (virtual private network) is considered a vital tool for achieving this. Using a VPN for encrypting your data when you trade makes it more difficult for hackers to spy on transactions. It al...

A major South Korean TV series with crypto and blockchain-related topics is set to launch its production stage at the beginning of 2021, directed by Gemstone Film, in collaboration with firms in China and the United States. South Korean Crypto-Related TV Drama Series ‘Pumping Time’ Is Set to Start in 2021 According to Financial News , “Pumping Time,” the tentative name for the drama series, is planned for a total of 10 seasons with 20 episodes per each one. The producers estimate that each episode will have a duration of 30 minutes. Gemstone Film will allocate an ambitious budget of $2.7 million per episode. Although they didn’t provide full details on the drama series’s stories, the producers gave some hints about the topics to be featured, such as crypto-related frauds, blockchain technologies, and central bank digital currencies (CBDC). K-Play Content financially backs the production, and the producers already hired Choi Wan-kyu, a well-known drama writer in South Korea, who wi...

When it comes to crypto regulation, the United States is falling further behind more progressive and visionary nations. from Cointelegraph.com News https://ift.tt/3rGPZK2 via IFTTT

The Nasdaq listed Greenpro Capital Corporation has revealed plans to set up a bitcoin fund using $100 million in borrowed funds. In addition to the borrowed funds, Greenpro, through its subsidiary Cryptosx, says it plans to use its own cash resources to acquire the digital asset. The financial services firm which has its headquarters in Hong kong joins the growing list of banks, hedge funds, insurance companies and institutions holding bitcoin. In a statement announcing plans to set up the fund, Greenpro shares its “belief that bitcoin, as the world’s most widely-adopted cryptocurrency, is a reliable future store of value.” The statement also adds: We believe the strategic management of our balance sheet, combined with the implementation of our BTC Fund and crypto strategy will produce significant future value for the company. Furthermore, according to the statement released on December 28, the firm’s CEO CK Lee has already instructed Greenpro’s “investment bankers to raise deb...

Bitcoin sees a fresh surge in trading activity as $30,000 nears and mainstream interest pours in. from Cointelegraph.com News https://ift.tt/34WpN4D via IFTTT

Ripple has hit back at the U.S. Securities and Exchange Commission (SEC), accusing it of creating more uncertainty and failing in its duty to protect the crypto community. In panning the SEC’s decision to designate its XRP token as a security, the company claims the regulator’s lawsuit against it amounts to an attack on the entire crypto market in the US. XRP Token Holders Affected The latest comments by the Ripple team follow reports of the delisting of the XRP token by Coinbase. In a short statement released on December 29, the firm, which is promising another “response in a few weeks to address these unproven allegations against Ripple”, starts by claiming that the public and the media are currently only aware of the SEC’s narrative. The Ripple team then assails the SEC’s $1.3 billion lawsuit against the company arguing that it has affected “innocent XRP retail holders.” Since the announcement of the lawsuit, the XRP token has now lost more than 50% of its value and the ...

Spacex and Tesla CEO Elon Musk, widely believed to be the man taking humanity to Mars and building a permanent settlement there, tweeted his approval of the idea that Mars’ economy will run on cryptocurrency. Elon Musk Envisions Mars’ Economy Run on Cryptocurrency Elon Musk believes that Mars’ economy will be run on cryptocurrency. He said early this month that he is “highly confident” that his company Spacex will land humans on Mars “about six years from now.” He further noted that it could even come as early as 2024 “if we get lucky.” Musk previously said that his aim is to set up a “self-sustaining city on Mars as soon as possible.” The subject of cryptocurrency running Mars’ economy briefly came up on Twitter last week. AI researcher Lex Fridman tweeted, “Mars economy will run on crypto.” In response, Twitter handle Elon’s World suggested, “Marscoin.” Musk himself replied with just a “Yes.” It is not clear if Musk was referring to the cryptocurrency called “marscoin” that wa...

The token has lost more value than former commodities trading giant Enron. from Cointelegraph.com News https://ift.tt/2KRWqJE via IFTTT

The U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) issued a warning that alerts financial institutions in the United States about increasing ransomware attacks against coronavirus vaccine research organizations. US Treasury Warns of Ransomware Attacks, Phishing Schemes Targeting Covid-19 Vaccine Research Institutions According to the alert , FinCEN says that fraud, ransomware attacks, and “similar types of criminal activity” target the distribution of Covid-19 vaccines, which could affect their supply chains if proper actions are not taken on time. The alert reads as follow in regards to ransomware campaigns: Cybercriminals, including ransomware operators, will continue to exploit the Covid-19 pandemic alongside legitimate efforts to develop, distribute, and administer vaccines. FinCEN is aware of ransomware directly targeting vaccine research, and FinCEN asks financial institutions to stay alert to ransomware targeting vaccine delivery operations as wel...

Ethereum options data show traders anticipate a continued surge to $880 over the next four weeks. from Cointelegraph.com News https://ift.tt/34WNidU via IFTTT

The new rules would go far beyond any existing measure of financial surveillance and destroy Americans’ financial privacy. The post An Open Letter To FinCEN: Newly Proposed Regulations On Cryptocurrency appeared first on Bitcoin Magazine. bit.ly/3f7o14k http://dlvr.it/RpdfNJ

2020 has been a stellar year for blockchain technology, laying important foundations for the year ahead. from Cointelegraph.com News https://ift.tt/2WZjDfD via IFTTT

On this episode of "Fed Watch," the hosts discuss the year's policies from the world's foremost central banks. The post Reviewing Central Bank Policy In 2020 With Fed Watch appeared first on Bitcoin Magazine. bit.ly/3f7o14k http://dlvr.it/RpdHXj

Bitcoin price continues to chase after $30,000 but continued rejections below the key level are negatively impacting altcoin prices. from Cointelegraph.com News https://ift.tt/3hvdKjD via IFTTT

A terrible year has still presented a unique opportunity to rethink how money is managed and used in our society. from Cointelegraph.com News https://ift.tt/3rFtx3Y via IFTTT

Vegas Auto Gallery has seen an influx of Bitcoin payments amid the bull market. from Cointelegraph.com News https://ift.tt/34ZkFwC via IFTTT

Bitcoin miners have been yielding a very profitable year in monthly revenues, as the latest onchain data shows significant figures at its highest levels since 2019. Hourly Bitcoin Mining Revenues Hits 2019 Highs According to Glassnode , BTC miners are currently earning $1 million per hour, meaning an increase of 185% since the halving happened in mid-May when the bitcoin network cut the number of BTC that miners earn for processing transactions in half. The last time miner’s revenue was hovering around such highs was in July 2019, stated Glassnode, adding that “block rewards were twice as high than today.” The figures are impressive but not surprising at all, considering that 2020 has been characterized by a pandemic that hit the world and, consequently, the markets. However, the recent crypto bull-run, especially with bitcoin skyrocketing to all-time highs above the $28,000 threshold, helps increase the activity on the Bitcoin blockchain, which is something that miners take a...

Through technical development, privacy initiatives, multisignature tools, a savings narrative and more, Bitcoin’s 2020 was super cool. The post Saving With Bitcoin Was Never So Cool As In 2020 appeared first on Bitcoin Magazine. bit.ly/3f7o14k http://dlvr.it/RpcqbB

The digital asset manager has reduced its holdings of both cryptocurrencies significantly. from Cointelegraph.com News https://ift.tt/2MgLd5P via IFTTT

Bitcoin liquidity is declining, data from Glassnode shows, which could propel BTC price even higher. from Cointelegraph.com News https://ift.tt/3rI7dXo via IFTTT

Crypto 20/20 hindsight: A visual review of 2020 limited to 2,020 copies... for just 0.02020 ETH from Cointelegraph.com News https://ift.tt/2WUBqEP via IFTTT

The price of bitcoin touched an all-time high at 3:12 a.m. (EST) during the early morning trading sessions reaching $28,600. The crypto asset’s market valuation is over $519 billion on Wednesday, as bitcoin markets command over 14 billion dollars in global trade volume. Bitcoin (BTC) markets soared again on Wednesday morning, as the price per unit jumped to an all-time high (ATH) of around $28,600. BTC ’s dominance index, in comparison to the 7,500+ crypto asset valuations in existence, is over 70% or $519 billion out of crypto economy’s $741 billion. Statistics show that BTC has gained over 20% during the last seven days, 41% over the course of the month, 162% in the last three months, and a whopping 288% for the year against the U.S. dollar. At a touch after 3 a.m. on Wednesday morning (EST), BTC /USD prices touched a high of $28,600 per unit on Bitstamp. Bitcoin has seen $19.28 billion in transaction volume during the last 24 hours. Moreover, BTC miners have captured $2.8...

Decentralized finance insurance project Cover protocol briefly suffered losses when an unknown attacker minted over 40 quintillion Cover tokens. However, after successfully cashing out tokens worth about $5 million, the attacker unexpectedly returned ether tokens valued at about $3.2 million before leaving a message for the Cover team. Exploit No Longer Possible Immediately after the attack, the value of the insurance protocol’s token plummeted by over 94% to $34 at the time of writing. After the incident, t he Cover team immediately acknowledged the attack and went on to warn investors against buying the token while investigations were underway. The team also urged the attackers to return the rest of the stolen funds. However, in their statement on December 28, the team tries to reassure investors that the vulnerabilities exploited by attackers had been fixed. The team says: The exploit is no longer possible. Please do not buy Cover tokens, and remove your liquidity from the Co...