Bitcoin (BTC) failed to plant a flag above $9,000 early on Tuesday, even as on-chain data suggests spiking investor interest in the top cryptocurrency by market value. Prices rose to a high of $9,112 at 05:05 UTC, extending a recovery from Monday’s low of $8,528. At press time, the cryptocurrency had dropped back to near $8,850 on major exchanges, representing a 1.9% decline on the day, according to CoinDesk’s . While the cryptocurrency found dip demand on Monday, the seven-day average of the number of unique addresses active on the network, as sender or receiver, rose to 932,274...…Bitcoin (BTC) failed to plant a flag above $9,000 early on Tuesday, even as on-chain data suggests spiking investor interest in the top cryptocurrency by market value. Prices rose to a high of $9,112 at 05:05 UTC, extending a recovery from Monday’s low of $8,528. At press time, the cryptocurrency had dropped back to near $8,850 on major exchanges, representing a 1.9% decline on the day, according to CoinDesk’s . While the cryptocurrency found dip demand on Monday, the seven-day average of the number of unique addresses active on the network, as sender or receiver, rose to 932,274...WW…

Elliott Management Corp. – an activist investor owned by billionaire Paul Singer – has plans to shake up the management at Twitter.As on Saturday, Elliott has taken a large stake in the social media messaging platform and, according to "people familiar with the matter," has plans to remove as chief executive.The hedge fund has already nominated four directors to Twitter's board, the sources said.Dorsey is also the chief of payments firm Square and has become a darling of the crypto community for his advocacy of (BTC). He recently on Twitter that would display an icon for cryptocurrency if...…Elliott Management Corp. – an activist investor owned by billionaire Paul Singer – has plans to shake up the management at Twitter.As on Saturday, Elliott has taken a large stake in the social media messaging platform and, according to "people familiar with the matter," has plans to remove as chief executive.The hedge fund has already nominated four directors to Twitter's board, the sources said.Dorsey is also the chief of payments firm Square and has become a darling of the crypto community for his advocacy of (BTC). He recently on Twitter that would display an icon for cryptocurrency if...WW…

The Bitcoin halving, which is also known as “the halvening,” is the name for one of the most hotly anticipated events in Bitcoin’s history.In May 2020, the number of bitcoin (BTC) entering circulation every 10 minutes – known as – dropped by half, from 12.5 to 6.25. It’s a milestone that was easy to see coming because it happens every 210,000 blocks (approximately every four years) and had happened twice before 2020.The allure of possible riches is what draws so much attention to these events. The number of new bitcoin entering circulation shrinks, but demand should, in theory, stay the...…The Bitcoin halving, which is also known as “the halvening,” is the name for one of the most hotly anticipated events in Bitcoin’s history.In May 2020, the number of bitcoin (BTC) entering circulation every 10 minutes – known as – dropped by half, from 12.5 to 6.25. It’s a milestone that was easy to see coming because it happens every 210,000 blocks (approximately every four years) and had happened twice before 2020.The allure of possible riches is what draws so much attention to these events. The number of new bitcoin entering circulation shrinks, but demand should, in theory, stay the...WW…

“Scams” has become a synonym for lately.With marketplaces overwhelmed by fraudulent projects, many collectors of non-fungible tokens have suffered from maybe the most notorious method of all, , where the creators of a digital asset ditch the project and abscond with investors' funds.An environment filled with FOMO (“fear of missing out”), inexperienced buyers and mischievous individuals trying to take advantage of them, has hurt the credibility of those who are trying to help this sector grow.On April 10, out of nowhere, the team behind a game called “CryptoFighters Alliance” posted a...…“Scams” has become a synonym for lately.With marketplaces overwhelmed by fraudulent projects, many collectors of non-fungible tokens have suffered from maybe the most notorious method of all, , where the creators of a digital asset ditch the project and abscond with investors' funds.An environment filled with FOMO (“fear of missing out”), inexperienced buyers and mischievous individuals trying to take advantage of them, has hurt the credibility of those who are trying to help this sector grow.On April 10, out of nowhere, the team behind a game called “CryptoFighters Alliance” posted a...WW…

In what appears to be a first-of-its-kind transaction, two developers working in separate countries have successfully sent a bitcoin lightning payment over radio waves.Organized over Twitter , the transaction was sent by Rodolfo Novak, co-founder of bitcoin hardware startup CoinKite, to developer and Bloomberg columnist Elaine Ou. The completed payment effectively moved real bitcoin from Toronto, Canada, to San Francisco, California.While radio technology is most commonly used for broadcasting music or talk radio, it's actually capable of much more than that. As the two...…In what appears to be a first-of-its-kind transaction, two developers working in separate countries have successfully sent a bitcoin lightning payment over radio waves.Organized over Twitter , the transaction was sent by Rodolfo Novak, co-founder of bitcoin hardware startup CoinKite, to developer and Bloomberg columnist Elaine Ou. The completed payment effectively moved real bitcoin from Toronto, Canada, to San Francisco, California.While radio technology is most commonly used for broadcasting music or talk radio, it's actually capable of much more than that. As the two...WW…

UPDATED on 5th December at 17:30 GMTThe price of bitcoin has climbed back up to $1,012, according to the .---------------------------------------------The price of bitcoin fell by $300 on popular exchange Mt. Gox this morning after China's central bank warned financial institutions to steer clear of the digital currency.According to the People’s Bank of China, it doesn't consider bitcoin a threat to China's financial system, but it does believe the digital currency carries significant risks.“The concern is that it interferes with normal monetary policy operation,” Hao Hong, head of China...…UPDATED on 5th December at 17:30 GMTThe price of bitcoin has climbed back up to $1,012, according to the .---------------------------------------------The price of bitcoin fell by $300 on popular exchange Mt. Gox this morning after China's central bank warned financial institutions to steer clear of the digital currency.According to the People’s Bank of China, it doesn't consider bitcoin a threat to China's financial system, but it does believe the digital currency carries significant risks.“The concern is that it interferes with normal monetary policy operation,” Hao Hong, head of China...WW…

U.S. electronic trading giant Citadel Securities is building a “cryptocurrency trading ecosystem” with the help of high-frequency trading and market-making firm Virtu Financial, as well as venture capital firms Sequoia Capital and Paradigm, according to a source familiar with the plans. Citadel Securities is the sister company to hedge fund giant Citadel.The firms in Citadel Securities’ initial consortium will be joined by additional wealth managers, market makers and other industry leaders that are expected to join the marketplace ahead of launch, the source added.“This marketplace is...…U.S. electronic trading giant Citadel Securities is building a “cryptocurrency trading ecosystem” with the help of high-frequency trading and market-making firm Virtu Financial, as well as venture capital firms Sequoia Capital and Paradigm, according to a source familiar with the plans. Citadel Securities is the sister company to hedge fund giant Citadel.The firms in Citadel Securities’ initial consortium will be joined by additional wealth managers, market makers and other industry leaders that are expected to join the marketplace ahead of launch, the source added.“This marketplace is...WW…

Governments around the world are careening toward a period of dramatic spending.The U.S. Federal Reserve announced another in lending programs on Thursday to stabilize America’s coronavirus-stricken economy. The Bank of England it would likely extend billions of pounds to directly finance the government’s crisis response.All this inspires concerns around the globe, which appear to be driving demand for (BTC) in some corners.“The non-stop quantitative easing process will finally impact the mid-term and long-term market,” said Danny Deng, a leading member of both the China Blockchain...…Governments around the world are careening toward a period of dramatic spending.The U.S. Federal Reserve announced another in lending programs on Thursday to stabilize America’s coronavirus-stricken economy. The Bank of England it would likely extend billions of pounds to directly finance the government’s crisis response.All this inspires concerns around the globe, which appear to be driving demand for (BTC) in some corners.“The non-stop quantitative easing process will finally impact the mid-term and long-term market,” said Danny Deng, a leading member of both the China Blockchain...WW…

Algorand's blockchain platform has been selected by the official online body of chess to record the ratings and titles of players.In an announcement on Thursday, Algorand said it will record FIDE Online Arena players' data and provide a transparent platform where participants can view game information that's updated in real time.FIDE Online Arena is the federation's internet server that is solely responsible for official digital tournaments and world championships in which players earn international ratings and titles.See also: “It’s exciting to continue bringing innovation to chess,” Ilya...…Algorand's blockchain platform has been selected by the official online body of chess to record the ratings and titles of players.In an announcement on Thursday, Algorand said it will record FIDE Online Arena players' data and provide a transparent platform where participants can view game information that's updated in real time.FIDE Online Arena is the federation's internet server that is solely responsible for official digital tournaments and world championships in which players earn international ratings and titles.See also: “It’s exciting to continue bringing innovation to chess,” Ilya...WW…

Fintech giant PayPal plans to roll out direct sales of cryptocurrency to its 325 million users, according to three people familiar with the matter.Currently, PayPal can be used as an alternative means for withdrawing funds from exchanges such as Coinbase, but this would be a first in terms of offering direct sales of crypto.“My understanding is that they are going to allow buys and sells of crypto directly from PayPal and Venmo,” a well-placed industry source told CoinDesk. “They are going to have some sort of a built-in wallet functionality so you can store it there.” It is unclear...…Fintech giant PayPal plans to roll out direct sales of cryptocurrency to its 325 million users, according to three people familiar with the matter.Currently, PayPal can be used as an alternative means for withdrawing funds from exchanges such as Coinbase, but this would be a first in terms of offering direct sales of crypto.“My understanding is that they are going to allow buys and sells of crypto directly from PayPal and Venmo,” a well-placed industry source told CoinDesk. “They are going to have some sort of a built-in wallet functionality so you can store it there.” It is unclear...WW…