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Top 10 crypto news stories for December 2, 2020



1. Mizuho: According to a recent survey more than 20% of PayPal users have traded crypto with the platform. 2. Theta Labs’ releases Edgecast with World Poker Tour to create a decentralized future. The two companies want to create more options for their users. 3. Yearn Finance will likely acquire SushiSwap. This will mark the fifth acquisition for Yearn. 4. Komodo partners with Bidao to foster multi-chain interoperability. The two companies are working to broaden the scope of

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Institutional Bitcoin shop NYDIG raises $150M for twin crypto funds



Institutional buyer of Bitcoin, New York Digital Investments Group (NYDIG), has announced that it raised $150 million for two new funds to invest in cryptocurrencies, a breakthrough move that showcases the skyrocketing impact of the one-stop crypto shop on the institutional Bitcoin market. Two U.S. Securities and Exchange Commission filings revealed the commitment of $50 million from institutional investors in NYDIG Digital Assets Fund I while $100 million was raised in NYDIG

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CEO of BlackRock says Bitcoin can potentially “evolve” into global asset



Larry Fink, CEO of BlackRock, the multinational largest asset manager with over $7.4 trillion dollars in assets, has disclosed an optimistic view on the future of Bitcoin, saying that the world’s first cryptocurrency can potentially “evolve” into global asset. As CNBC reported on Tuesday, the head of BlackRock said that many people have been well aware of Bitcoin while its market size was still comparatively small. In a conversation on Tuesday with Mark Carney, the former Ban

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Komodo partners with Bidao to foster multi-chain interoperability



The interoperable blockchain platform and ecosystem, Komodo, and multi-chain DeFi system, Bidao, today announced their partnership to foster multi-chain interoperability. With this mission, the partnership will see the integration of Komodo’s native coin KMD to the Bidao ecosystem through the BAI stablecoin. Bidao’s governance token, BID, will be listed on Komodo’s AtomicDEX, the world’s major cross-protocol decentralized exchange (DEX). Bidao will serve as an infrastructure

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Theta Labs’ releases Edgecast with World Poker Tour



Peer-to-peer decentralized video platform Theta Labs announced that it will offer a true end-to-end decentralized experience for users, content producers and video platforms through the introduction of the Theta Edgecast beta. The launch marks the culmination of Theta's efforts to offer a fully-developed decentralized video platform that rewards consumers, reduces the cost of using a content distribution network and provides the creators of content with the freedom to select

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Top 10 crypto news stories for December 1, 2020



1. Bitcoin hits all time highs near $20,000. The world's most valuable token has hit record highs, officially ending the bear market that began in late 2017. 2. Coinbase to enable users to stake and trade Ethereum 2.0 tokens. The launch of ETH 2.0 is already creating demand for new services. 3. Crypto miners rise on the back of broad-based rally. Record high Bitcoin prices are pushing miner's share prices higher. 4. Ethereum 2.0 launch comes tomorrow, what to expect to the ne

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Bitcoin Exchange LVL to eliminate trading fees to contend with Coinbase, Gemini



An announcement revealed that crypto exchange LVL will offer a full range of trading services free of charge. Supported by Morgan Creek Digital's proponents Jimmy Song and Willy Woo, and Anthony Pompliano. The exchange formerly had no trading costs, but only for its subscribers. LVL and Mastercard also formed a strategic partnership to roll out two debit cards in early 2021. Free-tier users can access the standard plastic debit card for a $10 issuing fee, while a metal Master

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BitMEX names German stock exchange veteran as new CEO



100x Group, BitMEX’s Parent Company, has appointed a German stock exchange veteran, Alexander Höptner, as its new chief executive. The new CEO will reportedly join the derivatives exchange team from the beginning of January. Höptner was a former executive at Börse Stuttgart and Deutsche Börse AG. He also has a professional background in leading roles for BISON development - a crypto trading subsidiary of Börse Stuttgart. Speaking on the recent event, 100x Group stated, “The B

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Ethereum 2.0 launch comes tomorrow, what to expect to the next Ethereum



Ethereum 2.0 countdown is coming to the end as the long-waited proof-of-stake consensus is finally here in just a few hours. As scheduled, the Ethereum 2.0’s beacon chain will officially live on Tuesday at noon, UTC. The latest data also revealed an excess of over 867,000 ETH staked in the ETH 2.0 deposit contract. The Ethereum Foundation stated in a service announcement that “you do not need to do anything with any ETH you’re already holding.” The Foundation further explain

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Coinbase to enable users to stake and trade Ethereum 2.0 tokens



The next generation of Ethereum is finally comes to fruition as the target launch date is set for December 1. Just hours before the upgrade, the major currency exchange Coinbase announced the firm would add ETH 2.0 staking and trading features to its services. Alongside with those additional services, the Coinbase team also plans to support interoperability between ETH and ETH 2.0 tokens and to offer rewards for users who choose to stake their tokens. As a means of further ex

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Top 10 crypto news stories for November 30. 2020



1. Guggenheim to buy $500 million in Bitcoin via GBTC. The investment giant will allow one of its funds to buy nearly $500 million in Bitcoin with Grayscale. 2. Hamster-powered marble races come to Ethereum. The new platform will allow wagering on marble races. The company developing the project sees it as a way to ensure fair gaming. 3. Saudi Arabia working with UAE on joint CBDC project. The two political entities are working to find the advantages of working with decentral

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VMware announces availability of enterprise blockchain platform



Decentralized infrastructure for multi-party applications VMware Blockchain just announced the availability of their enterprise blockchain platform. The platform will provide a digital foundation for enterprise partners to create business infrastructure and implement decentralized business-critical applications. Companies operate on data and workflows in which shared truth sources may generate unrealized value, but complexities exist. In certain cases, data is siloed across

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Ukraine introduces cryptocurrency and blockchain TV series



A new series about cryptocurrency and blockchain is premiering in an effort of the Ukrainian government to spread awareness about blockchain, Bitcoin, and cryptocurrency among its citizens. Managed by the Ukrainian Ministry of Digital Transformation, the blockchain and cryptocurrency TV series is part of the government's project called "Diia.Digital Education" developed in partnership with Binance, Hacken, and Crystal Blockchain. Binance marketing manager in Ukraine Ivan Pask

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London’s Blockchain.com and CoinShares extend partnership to support “Wrapped” gold backed crypto token



Product Manager at Blockchain.com Amadeo Pellicce has announced the company has extended its partnership with CoinShares to facilitate the launch of wrapped-DGLD (wDGLD), an ERC-20 compliant token that’s reportedly backed 1:1 with gold. The wrapped token is designed to combine, "The appeal of a gold-backed asset like DGLD — available for trading on the Blockchain.com Exchange — with the accessibility and flexibility of an ERC-20 token which you can use on the Blockchain.com W

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Hamster-powered marble races come to Ethereum



After just over two years of development, a new model for gaming has finally arrived in the Ethereum sector on the mainet, dubbed “Mia & the Marbles.” The project is powered by Mia, a female djungarian or “winter white dwarf” hamster and her hamster wheel. The hamster-powered marble races function automatically with the combination of marble-racing and wagering platform, with the help of a group of developers. The project may come from an unusual idea, however, the develo

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Top 10 crypto news stories for November 27, 2020



1. Coinbase crashes as the crypto markets heat up. Coinbase went down again, as the crypto markets saw major selling pressure. 2. Cypherpunk Holdings is the 9th largest Bitcoin holder. The group has announced that it is now one of the biggest Bitcoin holders in the world. 3. Spending Bitcoin on Black Friday: If you are ready to do some holiday shopping, you can use Bitcoin at many online merchants. 4. FUSE Network CEO talks about a decentralized network for everyone. The comp

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OECD tax to launch international crypto tax standards in 2021



The director of the OECD’s Centre for Tax Policy and Administration Pascal Saint-Amans stated that a common reporting standard or CRS for crypto assets would be coming in 2021 under the development of the 37-nation organization. In compliance with Law 360, Amans mentioned the "CRS equivalent" crypto-tax standard established by the OECD in the battle against tax evasion. The Director attributes the evolution of the CRS cryptotax to the need for its member-countries to implemen

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Mainstream Indian investors see “no easy way to enter” crypto



A study of more than 11,300 participants conducted by India’s CoinDCX exchange showed that a majority of Indian investors do not see a “easy” way of obtaining crypto-asset exposure. This is despite the reversal of a ban on financial institutions offering digital asset companies at the beginning of this year. 56% of surveyed participants aged under 40 claimed that the way into entering crypto markets is difficult. 60% of respondents with less than 500,000 Indian Rupee earnings

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FUSE Network CEO talks about a decentralized network for everyone



In a recent interview with AltcoinBuzz, FUSE network CEO Mark Smagon shared his thoughts on the DeFi industry and also talked about the vision of FUSE. While cryptocurrency becomes a powerful innovation that no one can’t ignore, Mark highlighted, compared to crypto, the mobile payment is a stronger trend, particularly with the increase in consumer demand and the bloom of smartphones. The FUSE network will be a DeFi version of Stripe designed not only for crypto users but als

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Cypherpunk Holdings is the now 9th largest Bitcoin holder



Publicly-traded Canadian fund Cypherpunk just announced the acquisition of an additional 72.979 Bitcoins. With this deal, the entity has purchased a total of 276,479 Bitcoins. At current exchange rates, the portfolio is valued at around $5 billion, making it the ninth largest holder of Bitcoin. The acquisition is a result of Cypherpunk's liquidation of Monero (XMR) and Ethereum (ETH) holdings, as well as partial sales from a CAD 505 000 private placement. At the time of publi

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Top 10 crypto news stories for November 26, 2020



1. Many Chinese OKEx users will leave platform despite the new incentives to stay. With withdrawals coming back to the exchange, many users are planning to leave. 2. Crypto exchange Coinsquare appoints new board members. The company has reshufled its upper management after issues emerged with Canadian authorities. 3. Coinbase CEO: Trump may push out new crypto regulations for wallets that will make holding tokens more complex. 4. OKEx set to reopen withdrawals today. The exch

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Ideaology launches IDEA token pre-sale



Ideaology is offering its IDEA token to the public in a pre-sale that is scheduled to take place in early December. The pre-sale will take the form of an IEO on the P2PB2B exchange. The goal of the platform is to become a hub for blockchain development in the future. The company will also launch its Active IDEA platform in early December. Founder and CEO at Ideaology, Khaled Alkalbani, commented, “Freelancers don’t necessarily work on online freelance platforms, and clients o

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Coinbase contests NYT story alleging racial discrimination



Coinbase continues to cover the headlines as the firm recently stated that the New York Times is working on a, “negative story” about Coinbase, which may be published in the following days. The New York Times article, according to Coinbase, reports that over the last few years many Black workers had, "negative exchange experiences." The story involved contains quotations from three former staff members and one former contractor, including names and pictures, said the exchange

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OKEx set to begin allowing withdrawals on Thursday



Following the update of withdrawal reopening last week, Malta-based cryptocurrency exchange OKEx recently confirmed that asset withdrawal is scheduled for reopening at 8:00 UTC on November 26. The exchange has also launched a variety of reward programs, which begin this Friday to attract the users and prevent significant quantities of crypto-asset outflows. On October 16, OKEx halted cryptocurrency withdrawals as a result of its CEO Star Mingxing Xu being taken into Chinese p

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