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Revolut Offers Cryptocurrency Service to its 7 Million Users Amid COVID-19 Crisis

The outbreak of the Coronavirus pandemic has affected the economic growth of many countries around the world.  Most financial institutions are forced to proffer different initiatives to mitigate the harsh effect of the virus on the global financial market. Central banks continue to print more banknotes to stimulate the economy in the fight against the outbreak. However, many reports have revealed that banknotes are potentially not safe during this time as they could help transmit the virus from one person to another. There is also the fear that excess money

Japan’s Largest Financial Information Vendor Adds NRI/IU’s Crypto-Asset Index

In what could be considered a vital step for Bitcoin and institutional product and business development in Japan, QUICK, arguably the largest financial information vendor in the country, has added a crypto-asset index to its suite of products for Japan’s securities and financial markets. A press release on Wednesday revealed that QUICK is enabling support for the NRI/IU Crypto-Asset Index offered by the intelligence Unit (IU) of Nomura Research Institute, the largest Japanese management consulting and economic research firm. The new integration will allow Nomura Research Institute to offer investment

‘Critical Security Vulnerability’ Forces Bisq Exchange to Halt Trading Service

Non-custodial cryptocurrency exchange, Bisq has announced that it will temporarily halt trading service on its platform following a newly discovered security vulnerability.  Based on the development, the exchange has notified its users not to proceed with any existing transaction or send funds to any party as it could result in a loss.  The temporary halt in trading service does not stop users from overriding the key responsible for this action. However, Bisq does not support the idea as it could hamper users’ security.  “Bisq is a proper distributed peer-to-peer network. So you

UPDATE: Bisq Exchange Losses $250K to ‘Critical Security Vulnerability’ But Has Fixed

Non-custodial cryptocurrency exchange, Bisq has announced that it will temporarily halt trading service on its platform following a newly discovered security vulnerability.  Based on the development, the exchange has notified its users not to proceed with any existing transaction or send funds to any party as it could result in a loss.  The temporary halt in trading service does not stop users from overriding the key responsible for this action. However, Bisq does not support the idea as it could hamper users’ security.  “Bisq is a proper distributed peer-to-peer network. So you

Number of Bitcoin Addresses With Small BTC on the Rise Since March Sell-off

Despite the massive sell-off on March 12, Bitcoin (BTC) continues to record increases in the number of addresses holding small quantities of BTC, according to crypto data provider, CoinMetrics. In its “State of the Network Report,” on April 7, CoinMetrics noted that addresses holding from one billionth (1/1B) to one hundred millionths (1/100M) of the total supply of BTC increased by six percent in the last 90 days. Also, the number of addresses holding from one hundred millionths (1/100M) to one ten-millionth (1/10M) of Bitcoin total supply raised by about

PlanB: Bitcoin Needs Only $200M Monthly to Stay Above $7k Level After Halving

100trillionusd, the anonymous creator of the Bitcoin stock-to-flow model has provided new evidence to support the popular opinion that the price of Bitcoin will surge in the months after its historic third halving that is now less than three weeks away. The latest research puts into perspective the amount of cash inflow that Bitcoin has needed to stay above the $7000 level since October 2017, the reward paid out to miners for verifying a block of transactions, and the total number of transactions added to the Bitcoin blockchain monthly. To

VanEck: Bitcoin Correlation to Gold Jumped in 2020 Amid Market Sell-off

New York-headquartered investment management firm, VanEck has revealed in a new report that Bitcoin’s correlation to gold has risen significantly in 2020, especially during the recent broad market sell-off caused by the COVID-19 pandemic. According to the report published by Gabor Gurbacs, a Digital Asset Strategist at VanEck, Bitcoin’s correlation to gold has surged since the turn of the year and especially in recent weeks, further strengthening the debate the cryptocurrency is maturing as a safe-haven asset. Source (VanEck report) While the rest of the equity markets dipped in the

Bitcoin Bull Mike Novogratz Says He Might Ditch BTC if it Fails to Hit $20k This Year

As Bitcoin (BTC) struggles to recoup the 2020 gains it shredded last month amid the Coronavirus pandemic, Mike Novogratz of Galaxy Digital is still bullish on the cryptocurrency, and he believes that BTC still has much more to offer. Novogratz predicts BTC at $20k in 2020 More like a life bet on Bitcoin, Novogratz said in an interview with CNBC’s Closing Bell segment on Thursday that he is ready to retire if the world’s most valuable crypto doesn’t hit the $20,000 mark this year. Speaking optimistically, the CEO of Galaxy

New Research Suggests Bitcoin’s Satoshi Nakamoto Also Created Monero (XMR)

New evidence suggests that the anonymous creator of Bitcoin, Satoshi Nakamoto, might have also created privacy-focused cryptocurrency, Monero (XMR). For one thing, Bitcoin (BTC) and Monero share quite a number of similarities including the anonymity of their founders. Nakamoto same as Nicolas van Saberhagen? Conducted by Monero Outreach, a workgroup of the decentralized Monero community that aims to drive greater Monero adoption and awareness, the research claimed that Nakamoto and the unknown author of the Monero whitepaper, Nicolas van Saberhagen, may have been the same person or group.  According to

Vitalik Buterin: Ethereum is DeFi Chain as Much as Bitcoin is Digital Gold

Ethereum co-founder, Vitalik Buterin has recently asserted that aside from the numerous potential applications of Ethereum in various areas, its use as a cryptocurrency, for settlements, cannot be overlooked. This is coming after Ryan Sean Adams, the founder of Mythos Capital, shared how Bitcoin Maximalists are trolling him about how pointless Ethereum is. Got Maximalists trolling me about how pointless Ethereum is meanwhile I just sent a crypto backed stablecoin in a private transaction on the Ethereum mainnet peer-to-peer w/o a bank Keep trolling We’ll keep building the bankless future

Printer Goes Brrrr: Rich Dad Poor Dad Author Calls Bitcoin People’s Money

The outbreak of the Coronavirus pandemic has wreaked havoc on global economies, which has left the less privileged in most affected nations exposed to series of hardships and has made many experts provide insights on possible ways to avoid such reoccurrence in the future. Robert Kiyosaki, a bestselling author of popular financial literacy book, Rich Dad Poor Dad, is the latest to weigh in on the topic as he encouraged his followers on Twitter to save their money via Bitcoin instead of fiats currencies. Kiyosaki who recently started a series