Singaporean Gov’t Blockchain Platform Facilitates $15.7 Million in Fundraising

Singaporean government-backed blockchain platform Tribe facilitated another $15.7 million in fundraising to support blockchain startups. The Singaporean government-backed blockchain platform Tribe has helped raise another $15.7 million for participating companies through its ecosystem. In a press release shared with Cointelegraph on Dec. 2, Tribe Accelerator revealed that a total of $28 million had been raised to date to support start-ups from around the world attempting to solve real-world problems with blockchain technology.  The first group of startups reportedly raised over $12.2 million within three months. Managing partner of Tribe Accelerator…

Read More

Video: Bitfinex CTO Paolo Ardoino on Adding Lightning Network Support

On December 2, 2019, Bitfinex officially informed its subscribers that it had added support for Lightning Network deposits and withdrawals. Subsequently, Bitfinex CTO Paolo Ardoino confirmed the information in a tweet.  A few days before this announcement, Ardoino agreed to do an exclusive interview with Bitcoin Magazine to provide more technical details about the Lightning integration. This marked a big step in the development of Bitcoin and the Lightning Network, as a major exchange finally integrated second layer satoshis. “I think that Lightning is definitely the best way to send…

Read More

Former CFTC Chair to Remain Focused on Crypto and Blockchain at New Law Firm

Former CFTC Chairman Giancarlo joins New York-based law firm where he will reportedly continue to advocate for the U.S. digital dollar. Former United States Commodity Futures Trading Commission (CFTC) chairman Chris Giancarlo was hired as senior counsel at the New York-based law firm Willkie Farr & Gallagher. Digitize the dollar and take power away from central banks On Dec. 2, Reuters reported that Giancarlo in his new role at Willkie Farr & Gallagher will continue to focus on digital innovation in areas such as cryptocurrencies and blockchain. Giancarlo, also known…

Read More

Bitcoin Price Shifts Toward Key Moving Average as Bears Target $5,000

Bears could push Bitcoin price to its 200-week moving average below $5,000 before a mid-term reversal occurs. As part of its current mid-term downtrend, Bitcoin (BTC) could be headed toward its 200-week moving average (MA), a level that has been a major historical bottom.  Since hitting its 2019 high of approximately $13,890, Bitcoin has seen lower highs indicative of a downward trend, at least in the mid-term.  After a corrective bounce up to $7,875 last week, Bitcoin was unable to shake its larger downtrend, heading back down to $7,285 by…

Read More

US SEC Hires In-House Attorney As New Chief Of Cyber Unit

United States SEC hires an in-house attorney as Chief of the Division of Enforcement’s Cyber Unit, tasked with protecting investors against cyber-related misconduct. The United States Securities and Exchange Commission (SEC) has hired Kristina Littman as Chief of the Division of Enforcement’s Cyber Unit, a specialized unit that aims to protect investors and markets from cyber-related misconduct.  Littman’s credentials On Dec. 2, the SEC announced the new hire. The press release elaborated that Littman started at the SEC’s Division of Enforcement in 2010 as a staff attorney. Since then, she…

Read More

Monero Implements Hard Fork, Including New ASIC-Resistant Mining Algorithm

The Monero network has successfully upgraded to RandomX, a new mining algorithm that aims to be ASIC-resistant. The Monero (XMR) network has been successfully upgraded to RandomX, a new mining algorithm that aims to be ASIC-resistant. On Nov. 30, the Monero community workgroup did a live stream on YouTube in which the upgrade took place at around the 58 minute mark. The new upgrade also introduced proof-of-work (PoW) algorithm, RandomX, which uses random code execution together with memory-focussed techniques to be resistant to application-specific integrated circuits (ASIC) — devices optimized…

Read More

Despite the Recent Slump, Crypto Prices Improved a Great Deal in 2019

As far as prices are concerned, 2019’s cryptocurrency markets fared much better than the year prior. Currently, the entire market capitalization of all digital assets is hovering just above the $200 billion mark. The following is a look at the cryptocurrency market’s biggest gainers and worst losers so far in 2019 to get some perspective of possible outcomes and historical trends as the year ends. Also Read: Gocrypto SLP Token Starts Trading on Bitcoin.com Exchange The Biggest Percentage Changes in Crypto so Far There’s one more month left in 2019,…

Read More

Ripple Transfers 1 Billion XRP Tokens From Escrow Wallet and Back Again

Ripple transfers a total of 1 billion XRP tokens from its escrow wallet to Ripple today, only to transfer it back minutes later. Whale Alert, the ever-vigilant live tracker for cryptocurrency transactions, noted that Ripple transferred a total of 1 billion XRP tokens from its escrow wallet on Dec. 2. The blockchain-based payments firm moved the massive amount of tokens in two separate transactions, worth around $219 million in total as of press time. Interestingly, the company transferred the exact same amount of tokens back into escrow only seven minutes…

Read More

Binance’s CZ: This Vibrant Country Is One Of The Fastest-Growing Crypto Nations

In this Q&A with Cointelegraph, Binance CEO CZ revealed the company’s plans for Turkey, a country he thinks has strong opportunity with crypto. At a recent B2B event in Turkey, suit-clad men and women from traditional financial institutions and the public sector stood in line to take a selfie with a guy in a hoodie. That guy, Binance CEO Changpeng “CZ” Zhao, found time to attend the annual Turkish Capital Markets Summit in Istanbul, Turkey on Nov. 19. Between his speech at BlockShow Asia 2019 and the controversy over alleged…

Read More

Bitcoin Price: Cracking $7.4K Opens Path to $8.1K Resistance — Analyst

A quieter 24 hours gets analysts considering a narrower trading corridor for the short term, with $6,900 a likely lower boundary if current levels fail to hold. Bitcoin (BTC) stayed rangebound on Dec. 2 after a descent from near $8,000 over the weekend failed to crack the $7,000 support. Cryptocurrency market daily overview. Source: Coin360 Bitcoin volatility lessens but $7.5K evades traders Data from Coin360 showed the largest cryptocurrency trading in a narrower $300 corridor as the week began, with 24-hour performance bottoming out at around $7,180. At the top…

Read More