Market Console

Guggenheim’s billion-dollar Marco Opportunities Fund (MOF) may seek indirect exposure to BTC through the investment of 10% of its net asset value into Grayscale’s BTC Trust (GBTC). The investment (when complete) means MOF will have committed as much as $497 million into the GBTC. In a November 27 amended prospectus filing with the U.S. SEC, Guggenheim explains the rationale for seeking indirect exposure to BTC. According to the explanation, Guggenheim’s MOF wants to achieve its investment objec Go to the article

A Canadian publicly held company has liquidated all of its ethereum and monero holdings and put all of the proceeds into bitcoin. The company is led by a well-known poker player and former member of the European Parliament. Cypherpunk Dumps Monero and Ethereum for Bitcoin Cypherpunk Holdings, a Toronto-headquartered company listed on the Canadian Securities Exchange (CSE), announced Thursday that it has increased its bitcoin holdings to 276.479 bitcoins. At the current price, the company now hol Go to the article

Bitcoin might see a spike in volatility when the new weekly and monthly candles open, especially after a large short-term correction. Go to the article

PRESS RELEASE. NFT (non-fungible token) had been used in the construction of decentralized gaming platforms, issuing proprietary tokens, anti-copy and copyright related issues. It is expected to be a new trend that will attract the attention of investors because of the profits and practical application of blockchain to life. What is Peafarm? Peafarm is a crypto game that applies the practice of the blockchain industry to creating a special product, completely independent and irreplaceable. Peafa Go to the article

Launching Sure-Win Games! A set of 10 new raffles with guaranteed wins of up to €25,000. Get paid in BTC or BCH! Guaranteed Winners on Every Draw Bitcoin.com partnered with Bravio Tech earlier this year to bring you the first blockchain-powered lottery platform. Bitcoin.com Lottery has since been very popular among players who want to access many of the leading global lotteries from anywhere in the world. Nearly 20% of all tickets sold on the platform have resulted in winners taking home a ha Go to the article

Just recently three previously unpublished emails from Bitcoin’s inventor, Satoshi Nakamoto, have been made public. The emails reveal the correspondence between Satoshi and the early Bitcoin developer Hal Finney. The communications between Nakamoto and Finney stem from November 2008 and January 2009, the very month Bitcoin was launched. On November 27, three emails that have never been seen before were made public in an editorial written by Michael Kaplikov, a professor at Pace University. Acco Go to the article

On November 15, the Bitcoin Cash blockchain underwent a scheduled upgrade but also the chain saw a consensus split, and the network bisected into two. After the split, numerous users have been looking for methods in order to split their coins in order to store them separately or sell the unwanted tokens on an exchange. The following is a step-by-step guide on how to split forked tokens by leveraging a few different tools. Splitting Coins from the Bitcoin Cash Network Fork Using Electron Cash Ver Go to the article

The popular Youtuber Andrei Jikh published a video this week to his 978,000 Youtube subscribers explaining that he invested over $100,000 into crypto assets. Jikh details why he spent the funds on digital assets and he plans to share his investment experience in another video. Andrei Jikh is a popular Youtuber with close to a million subscribers to-date, and his channel concentrates on personal finance, the stock market, and investing. Usually, his videos cover traditional investment assets lik Go to the article

The price of bitcoin and a great number of digital assets plunged in value during the early morning trading sessions on November 26, 2020. Bitcoin’s price dropped from a high of $19,319 on Wednesday evening only to lose over $2,000 during the course of the morning hours (EST) on Thursday morning. Cryptocurrency markets have shed enormous value on Thursday, November 26, 2020. The entire market cap of all 7,700+ digital assets has lost over 5% in value and rests just below the $500 billion mark. ( Go to the article

On November 25, the asset manager Vaneck announced the launch of an exchange-traded product (ETP) called the “Vaneck Vector Bitcoin ETN.” The exchange-traded note is physically-backed by bitcoin and listed on the trading exchange Deutsche Böerse Xetra. The newly listed Vaneck bitcoin ETN provides investors with the opportunity to buy and sell the ETN, and participate directly in the performance of bitcoin without actually purchasing the crypto asset. There’s a new bitcoin (BTC) exchange-traded n Go to the article

A billion-dollar Australian investment management firm has gotten into bitcoin, citing that the cryptocurrency is superior to gold. Many of the firm’s clients have been asking about investing in bitcoin. “We have been positioning in gold for our clients for many many years now. Now we’re doing it with bitcoin,” said an executive of the firm. Bitcoin ‘Entering the Realm of the Mainstream’ Australian investment management company Pendal Group has started investing in bitcoin through futures contra Go to the article

Decentralized finance (defi) protocol Pickle Finance was hacked for $19.7 million of the stablecoin DAI over the weekend, as the defi industry appears to be turning into a hackers paradise. Pickle’s native token (PICKLE) plunged 62% on the news, falling from $23.27 to $8.70 when the hack was first reported on Nov. 21. At the time of writing, the token has since rebound 29% in 24 hours to $18.51, according to Coingecko data. This is the fourth hack to hit the defi space in just two weeks. Akropol Go to the article

In remarks that highlight flaws of the fiat currency system, the European Central Bank (ECB) president, Christine Lagarde, says the institution cannot go bankrupt even if it incurs losses running into trillions. According to Lagarde, normal bankruptcy rules do not apply to the ECB primarily because it is the sole issuer of euro-denominated central bank money. The Eurosystem will always be able to generate additional liquidity as needed. Bankruptcy Rules Not Applicable to ECB The ECB leader made Go to the article

Cryptocurrency intelligence firm Ciphertrace has filed two patent applications for tools and systems to trace monero transactions. The company aims to enable the detection of criminal uses of privacy coins like monero. Monero Tracing Patents Blockchain analytics and cryptocurrency intelligence firm Ciphertrace announced Friday that it has filed two monero tracing patents. One patent is called “Techniques and Probabilistic Methods for Tracing Monero” and the other is “Systems and Methods for Inve Go to the article

A major online poker website has been buying millions of dollars of bitcoin every day to meet demand from players wanting to cash out in bitcoin. This amounts to $100 million in bitcoin a month as about 95% of players now demand payouts in the cryptocurrency. Poker Site Buys $100 Million of Bitcoin Demand for bitcoin payouts has been rising, particularly after the recent price rally. One of the largest online poker websites, Winning Poker Network (WPN), has been buying millions of dollars worth Go to the article

The OCC is proposing a rule change that compels large U.S. banks to offer and provide fair access to financial services to anyone that wants them. The proposition seeks to clarify the obligation of large banks to provide fair access to financial services in a manner consistent with the Dodd-Frank Act’s mandate. Discrimination Against Disfavored Businesses The Dodd-Frank Act already recognizes a broad and longstanding anti-discrimination principle that individuals are entitled to be treated fair Go to the article

Americans are anxiously waiting to hear if they will receive a second round of stimulus checks as many are suffering due to the coronavirus-led economic crisis. Treasury Secretary Steven Mnuchin has a new proposal to immediately provide relief aid, while Nancy Pelosi has been discussing stimulus plans with Mitch McConnell, Joe Biden, Kamala Harris, and Chuck Schumer. New Stimulus Proposal and Status of Second Stimulus Checks U.S. lawmakers have been actively discussing stimulus packages this pas Go to the article

Decentralized finance otherwise known as defi has climbed significantly in value this year, as the total value locked (TVL) in defi today is over $14 billion. Meanwhile, numerous defi platforms are getting attacked with flash loans and there are so many new defi projects, it’s hard to keep track of them all. Moreover, while many defi supporters claim these platforms offer greater privacy, examples now show that most everything can be seen onchain connecting ethereum addresses to identities and c Go to the article

Crypto analysts are pushing back against the narrative that the current BTC rally is being fuelled by a liquidity crunch afflicting bitcoin mining pools in China. The liquidity crunch, which is caused by an ongoing regulatory crackdown in that country, has reportedly left miners unable to sell their BTC holdings. Miners Are Selling The analysts are instead backing a counter-narrative which points to institutional investor interest as the reason for the current BTC rally. Using data to support t Go to the article

The Texas State Securities Board (TSSB) has announced a series of enforcement actions against 15 online investment entities that illegally market cryptocurrency, binary options, and forex investments in Texas. Fake Social Media Accounts The regulator alleges that operators of the companies are using their social media skills as well as the internet to mask the fraudulent nature of their operations. The emergency enforcement order, therefore, stops the flagged companies from continuing to operate Go to the article

Nvidia released its earnings for the third fiscal quarter of 2021 this week, showing better-than-expected results, driven by sales of its graphics processing unit (GPU) chips. The firm reported graphics segment revenue of $2.79 billion for the quarter, beating analyst estimates of $2.1 billion. Within the graphics segment also falls the gaming division. Nvidia said that its new line of graphics cards based on a new technology called Ampere drew strong interest from computer and videogame console Go to the article

The FTSE 100 hasn’t surged over the past five years like some stocks have.  In fact, the FTSE 100 has been very close to flat over the last five years.  While the index traded for around 6,334 on 20 November, 2015, it traded around 6,334 on 19 November 2020. Despite the relatively tepid performance, I’d nevertheless consider buying the FTSE 100 due to its exposure to technology advancements. FTSE 100: Riding tech advancements In the coming years, many economists expect technology to help the ec Go to the article

Deutsche Bank’s strategist Jim Reid reportedly wrote that investors are increasingly demanding to use bitcoin instead of gold to hedge dollar risk and inflation. His research concurs with one recently published by JPMorgan’s analysts that shows institutional investors moving from gold to bitcoin. Investors Replacing Gold With Bitcoin In a report discussing the performances of several investments post-vaccine news, Deutsche Bank’s research strategist Jim Reid wrote that “One of the oddities has b Go to the article

Hydrogen vs Electric Tesla CEO Elon Musk has made his views on the hydrogen fuel cell technology quite clear. He once called it a “staggeringly dumb” idea when compared to storing power in an efficient battery. But given he runs an electric car company, it’s fair to say he is biased. Hydrogen technology is gaining significant popularity in several European nations – including France, Germany, Spain, Portugal, Holland, and soon the UK. Prime Minister Boris Johnson recently announced plans for a Go to the article

Federal Reserve Chair Jerome Powell told participants at the Bay Area Council Business Hall of Fame Awards Ceremony on Tuesday that the economy will never be the same after Covid-19. According to Powell, the use of accelerated technology will change the way the global economy operates as his commentary was quite similar to the recent “Great Reset” agenda. This week the Federal Reserve Chair, Jerome Powell spoke about the economy and how he thinks things will be quite different going forward. Pow Go to the article

The FTSE 100 has rallied 15% in the past two weeks, having fallen by around a third in the 2020 stock market crash. Despite its recent rise, many UK shares continue to trade at what appear to be cheap levels compared to their historic values. As such, they may offer further scope for capital gains over the long run. Certainly  as the economic outlook improves and investor sentiment becomes more bullish. They may even provide the opportunity to build a portfolio worth in excess of a million. And Go to the article

Galaxy Digital, the crypto investment management firm founded by bitcoin bull Mike Novogratz, has revealed plans to launch a bitcoin fund in Canada. In a statement published Nov. 16, Galaxy Digital said it has partnered with major Canadian fund manager CI Global Asset Management for the launch. The fund is called the “CI Galaxy Bitcoin Fund” and it will be open to the general public. Galaxy Digital, which primarily focuses on corporate investors, has since received approval from securities regul Go to the article

Stock markets are rallying this month for a variety of reason, but primarily in response to the exciting prospect of effective Covid-19 vaccines. Two prominent US pharma companies have seen their vaccines sail through phase 3 trials with 90% and 95% success rates. That’s wildly more impressive than scientists previously expected, and hope has been well and truly ignited. Covid-19 vaccines boost the FTSE 100 The companies both make their vaccines using technology called mRNA, which programs the Go to the article

Financial incumbents may face a harsh reality soon, as a commercial real estate crisis has threatened the profits from America’s largest banks. A number of reports show that banks with a large amount of commercial real estate in their portfolios may see a significant fallout in the next few months. Just recently PWC’s real estate practice published a report called “The 2021 Emerging Trends,” which shows city ranks have changed a great deal since the coronavirus outbreak. For instance, for a numb Go to the article

This week two well known tech executives revealed they have been dabbling in bitcoin and other cryptocurrencies. In a recent interview, Skype cofounder Jaan Tallinn detailed that he held bitcoin and ethereum in his personal finances, while the Intercom cofounder Eoghan McCabe tweeted on Sunday that he’s “jumped firmly onto the bitcoin wagon.” In 2020 a number of popular tech executives and CEOs from giant firms have revealed they hold a fascination for cryptocurrencies like bitcoin and ethereum. Go to the article

Many Americans are in need of second stimulus checks and a new coronavirus relief package. As Congress resumes stimulus negotiations, President Trump has called for a “big and focused” stimulus bill now. Meanwhile, several analysts have predicted when lawmakers will pass the next stimulus package. Stimulus Package Status Stimulus negotiations have resumed after the presidential election but lawmakers still have not been able to come to an agreement. This has left Americans with little hope of re Go to the article

The Bitcoin Cash community has been patiently waiting for weeks for the November 15, 2020 upgrade and the day is finally here. Every six months the Bitcoin Cash network upgrades, but this time around, a conflict sparked over Bitcoin ABC’s Infrastructure Funding Plan (IFP). During the course of the day, the following editorial will be monitoring the Bitcoin Cash upgrade in real-time so our readers can be kept up to date. **Last update 12:33 p.m. EST** Shortly after 12:00 p.m., UTC on November 15, Go to the article

Ripple Labs Inc., issuers of the XRP cryptocurrency, has filed for a new trademark called “Paystring” with the US Patent and Trademark Office (USPTO). The trademark was filed on Nov. 6 and accepted on Friday, according to the USPTO website. Although Ripple did not specify which sort of business will fall under the new product, it is notable that the trademark’s registration description matches that of PayID, a trademark it registered on June 17, word for word. Both the official description for P Go to the article

The largest bank in Belarus, Belarusbank, has reportedly begun providing a cryptocurrency exchange service, allowing customers to buy bitcoin using Visa cards. Belarusbank’s new cryptocurrency exchange service is in collaboration with bitcoin exchange service provider Whitebird, several local news outlets reported Thursday. The bank revealed its plans to create a cryptocurrency exchange platform early last year. Founded in 1991, Belarusbank merged with Sberbank of Belarus in 1995. The government Go to the article

The largest bank in Belarus, Belarusbank, has reportedly begun providing a cryptocurrency exchange service, allowing customers to buy bitcoin using Visa cards. Belarusbank’s new cryptocurrency exchange service is in collaboration with bitcoin exchange service provider Whitebird, several local news outlets reported Thursday. The bank revealed its plans to create a cryptocurrency exchange platform early last year. Founded in 1991, Belarusbank merged with Sberbank of Belarus in 1995. The government Go to the article

With bitcoin prices hovering over a certain handle, a great number of old ASIC mining rigs manufactured years ago are starting to become profitable again. Reports indicate that in China, where the average electricity cost is around $0.06 per kilowatt-hour (kWh), miners are starting to leverage old miners manufactured by Canaan, Bitmain, and others. Chinese bitcoin miners dealing with electronic component price increases have found outdated rigs like the Antminer S9 (10-16 TH/s) are now reaping p Go to the article

PRESS RELEASE. GMT has started the pre-sale of the GMT token. In total 100,000 GMT will be sold in this phase at the price of 1GMT=0,004ETH and will increase to 1GMT=0,01ETH in the next round. Minimum purchase is 0,5ETH. Grandmarche is a DeFi platform that offers saving and borrowing, plus it will be the anchor of three South East Asia stable coins based on THB, SGD and PHP with 1:2 decentralised collateral system. In other words, this platform will be designed to eliminate middlemen and cost of Go to the article

The blockchain intelligence and surveillance company Chainalysis revealed the launch of a new program that aims to help governments and insolvency practitioners sell seized cryptocurrencies. The news follows the recent U.S. government seizure of more than 69,000 BTC worth over $1 billion on November 3. Blockchain surveillance firm Chainalysis announced the launch of a new program that caters to recovering, storing, and selling crypto assets that have been seized by law enforcement officials. “[T Go to the article

Reports say the Venezuelan state electricity company Corpoelec is disconnecting bitcoin mining farms in Carabobo state on orders from authorities. The power disconnections come amid reports that government and Corpoelec officials are planning to meet mining farm operators. According to one report that quotes an anonymous source, the objective of this meeting is to discuss the process of connecting miners to the National Electric System (SEN) as well as “the rate to be paid.” Furthermore, the re Go to the article

During the last few months following the departure of the infamous Empire darknet market (DNM), a great number of DNM users have been flocking to alternative vendors. More recently, a new bot service on Telegram called Televend has been attracting tens of thousands of users and the service has grown colossal since it was first introduced. Meanwhile, law enforcement from Germany recently seized nine Telegram groups operating in the same manner. The demise of the darknet marketplace Empire has see Go to the article

China Construction Bank, one of the “big four” banks in China, is selling $3 billion in bonds that can be paid for with bitcoin. The bonds will be listed on a regulated Malaysian digital asset exchange. Beijing-based China Construction Bank (CCB) is selling $3 billion in bonds for bitcoin and U.S. dollars through its unit in Malaysia, the South China Morning Post reported Wednesday. This is the first digital security issued by a Chinese bank on a blockchain, the publication added, noting: The de Go to the article

Billionaire investor Stanley Druckenmiller has revealed that he owns bitcoin, calling it an asset class that has a lot of attraction as a store of value and could be better than gold. Stan Druckenmiller Owns Bitcoin Stanley Druckenmiller revealed on Monday that he owns bitcoin and explained why it could be a better investment than gold. The famed investor founded Duquesne Capital in 1981 and closed the fund in August 2010. He managed money for George Soros as the lead portfolio manager for the Q Go to the article

According to a new report, the depreciation of some currencies against the U.S. dollar is contributing to the declining international remittances. After touching an all-time high of $548 billion in 2019, the World Bank report now projects remittances to drop 7.2% in 2020 to $508 billion and a further decline of 7.5% to $470 billion in 2021. Volatile Currencies In its Migration and Development Brief 33, the World Bank details how the Covid-19 induced currency depreciation has affected the flow Go to the article

GBP/USD continues to trend higher, largely on the persistent weakness of the US Dollar, with few signs yet of a pullback after the pair’s recent gains. Go to the article

Apple co-founder Steve Wozniak has joined the legal fray in suing YouTube over fake crypto giveaways using his image. Go to the article

Silver and gold have surged to multi-year highs, and I think these metals have further to go. So, I’d invest £10k in UK shares issued by silver and gold miners. Silver and gold have further to rise Yesterday came with some very bullish news. European leaders agreed to provide certain EU countries with grants and cheap loans worth €750bn. UK shares just like other stock markets yesterday responded positively and so did gold and silver. That might seem strange, given their safe haven status. Go to the article

Blockchain firm GNY has sent a legal notice to Grant Thornton New Zealand over alleged high fees and failures to properly address its claim. Go to the article

In a settlement with the Ontario Securities Commission, three seniors executives at the Canadian exchange agreed to step down and pay penalties over fake trades. Go to the article

Moody's Analytics' Mark Zandi estimates what's needed to avert a double-dip recession. Go to the article

The last time I covered ITV (LSE: ITV) shares was in April, shortly after the stock market crash. At the time, the FTSE 100 stock was about 60% below its 52-week high and I said that, in my view, it potentially had 50% upside. For a while my prediction was looking pretty good. In the following six weeks, ITV’s share price rose from around 72p to 91p, a gain of about 26%. However, recently, ITV shares have lost their momentum and fallen back to 64p. This is disappointing for shareholders, mysel Go to the article

In a sign of Sterling’s underlying strength, GBP/USD has fallen only modestly on a report that the UK-EU negotiations on a post-Brexit trade deal are close to collapse. Go to the article

Man sentenced to two years and six months in prison after multi-million dollar crypto fraud. Go to the article

What once seemed like one of the few recession-proof parts of commercial real estate looks as vulnerable as many other businesses. Go to the article

Jamaica’s central bank has invited technology solution providers to develop and test a potential CBDC. Go to the article

The tale of hacked exchange Cryptopia’s extended liquidation is poised to see new legal action from a major creditor and token issuer. Go to the article

Hackers took control of prominent users’ accounts and asked for Bitcoin. Security researchers worry about serious flaws at the social network. Go to the article

Many of the nation’s business leaders are steeling themselves for a period of prolonged economic disruption and the prospect of a slow, halting recovery. Go to the article

US President Donald Trump has said he is ending trade preferences for Hong Kong and signed into law an act that authorizes sanctions on banks. What will this mean for the HK-US dollar peg? Go to the article