The pegging process no longer relies on functionaries holding custody of bridged funds. Bitcoin sidechain RSK launched a new bridge protocol called Powpeg, which will facilitate a trustless connection between Bitcoin (BTC) and RSK’s wrapped version of it, called RBTC. The system marks the first time that a Bitcoin sidechain features a trustless peg where the […]
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The Waves-backed project will share a portion of protocol fees with NSBT holders. The Neutrino Protocol, a project building algorithmic cross-platform stablecoins, announced Tuesday the launch of staking rewards for its governance and utility token, NSBT. Neutrino uses an innovative mix of collateral backing and algorithmic supply changes to create a wide range of fiat-pegged […]
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The new Bitcoin Clean Energy Investment Initiative will aim to make mining more eco-friendly. On Tuesday, payments giant Square announced a major push to go carbon neutral by 2030. As part of the initiative, Square will be dedicating $10 million to its Bitcoin Clean Energy Investment Initiative, which aims to “support companies that help drive adoption […]
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The latest deadline in the Mt. Gox rehabilitation process may pave the way to unleash $2.6 billion in Bitcoin for sale. Bitcoin (BTC) may see a fresh “bearish signal” in the coming days as the Mt. Gox saga enters its final and possibly expensive phase. As noted by on-chain analytics resource CryptoQuant on Dec. 8, […]
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The new platform aims to establish an institutional corridor between Europe and Asia. Switzerland’s principal stock exchange, SIX Swiss Exchange, and Japanese financial giant SBI Holdings have announced a joint cryptocurrency-related venture. According to a Dec. 8 announcement, the firms’ digital asset-related subsidiaries, SIX Digital Exchange and SBI Digital Asset Holdings, are launching a new […]
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The social media giant has rebranded in hopes of scoring regulatory approval. Global regulators should grant Facebook-backed cryptocurrency Diem “the benefit of the doubt” to greenlight its launch in 2021, a top executive at Facebook Financial said. David Marcus, the head of Facebook Financial, or F2, said that both cryptocurrency Diem and related crypto wallet […]
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Bitcoin faces pullback risk as U.S. stocks begin to drop following a six-week rally. U.S. stocks have started to correct as worries surrounding the pandemic are mounting. Meanwhile, Bitcoin (BTC) price has pulled back below $18,800 on Dec. 8 after struggling to break resistance at $19,500. The daily price chart of Bitcoin (Coinbase). Source: TradingView COVID-19 […]
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The Winklevoss twins have urged attendees of the Singapore Fintech Festival to educate themselves on Bitcoin, predicting BTC’s market cap will flip that of gold. Speaking during the Singapore Fintech Festival 2020 on Dec. 7, pioneering Bitcoin investors Cameron and Tyler Winklevoss reaffirmed previous forecasts that Bitcoin’s (BTC) price will eventually exceed prices of $500,000 […]
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Facebook’s plan to rebrand its stablecoin project from Libra to Diem has been met with legal threats from a small European start-up of the same name. Facebook has been hit with threats of legal action over its plan to rebrand the Libra stablecoin project to ‘Diem’ from a finance application of the same name. Facebook […]
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Leading business intelligence firm MicroStrategy is doubling-down on Bitcoin, announcing a securities offering to raise $400 million to invest in BTC. The world’s largest publicly traded business intelligence firm, MicroStrategy has announced plans to invest the proceeds from a $400 million securities offering into Bitcoin. On Dec. 7, the firm revealed plans to issue $400 […]
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