Russian central bank opposes ruble-pegged stablecoins

Senior officials at the Bank of Russia have come out against the issuance of private stablecoins pegged to the Russian ruble. Sergei Shvetsov, a first deputy governor of the Russian central bank, said that the bank aims to ban private firms from offering stablecoins backed by the country’s fiat currency.  Russian crypto developers will only be able to use the Bank of Russia’s digital ruble, Shvetsov said. According to a Nov. 30 report by local news agency Prime, the he said that this approach follows the “philosophy of the means…

NYDIG raises $150 million for two Bitcoin investment funds

New York Digital Investment Group has raised $150 million through two separate cryptocurrency investment funds, according to documents filed with the United States Securities and Exchange Commission on Nov. 24 and Dec. 1. The NYDIG Digital Assets Fund I raised $50 million, with the NYDIG Digital Assets Fund II raising a further $100 million. Reports suggest that the money raised by Fund I, which invests purely in Bitcoin (BTC), came from just two unnamed investors. Meanwhile, the larger Fund II is reputed to have received its entire $100 million investment…

Bitcoin hitting $200K by December 2021 is now ‘conservative’ — Willy Woo

Bitcoin (BTC) hitting $300,000 in just one year’s time is “not out of the question,” popular statistician Willy Woo says. In a series of tweets on Dec. 1, Woo stated that he has “never been so bullish” on Bitcoin’s prospects for 2021. Woo eyes “amplified bullish feedback loop” Discussing potential price trajectory, he confirmed that he was looking at six figures by December next year. “My Top Model suggesting $200k per BTC by end of 2021 looks conservative, $300k not out of the question,” one post read. “The current market…

Why one analyst says Bitcoin ‘is on the cusp’ of busting through $20K

The market sentiment around Bitcoin (BTC) is mixed as BTC price dropped almost immediately by 10% right after hitting its previous all-time high at $19,892 on Dec. 1. Nevertheless, some analysts and fund managers anticipate the dominant cryptocurrency to rise past $20,000 in the short term. But others are adamant that there will be another correction first as seen in previous bull cycles. Bitcoin sees a “minor” 10% drop There are many compelling reasons to believe that a deeper Bitcoin correction is coming. In the past, multiple 30% to 40% pullback…

NFT representing 5% of Monaco F1 Delta Time track auctioned for $220K

A segment of a race track in F1 Delta Time, a non-fungible token-powered motorsports game from Animoca Brands, has been auctioned off for more than 9 million of the company’s REVV tokens, worth approximately $222,000. Animoca says it’s a record price for an in-game NFT. The token, “Formula 1 Grand Prix de Monaco 2020 1A” was auctioned on NFT marketplace Open Sea, with bidding taking place from Nov. 29 until Dec. 2. The token offers its owner an “Apex” share in the game’s Circuit de Monaco track. Congratulations to @MetaKovan…

BTC Markets privacy breach exposes all customers to potential phishing attacks

Major Australian cryptocurrency exchange BTC Markets accidentally exposed the full name and email addresses of all of its customers in a marketing email sent to each affected individual on Dec. 1. The emails were sent in batches of 1,000, meaning that each customer was sent the name and email address of 999 other users. BTC Markets is in the process of reporting the incident to the Office of the Australian Information Commissioner, with Bowler noting the exchange will be “taking guidance from the OAIC” on how to respond to the…

Reuters runs the headline Bitcoiners have longed to read

The U.S. Dollar Index fell sharply today, extending a 10 month losing streak that places it at the lowest point since April 2018.  International news agency Reuters marked the occasion with a story headlined: “Dollar plummets on U.S. stimulus hopes; Bitcoin hits all-time peak”. The article noted the tumble coincided with today’s news of a second COVID relief bill being discussed in Congress and the recommencement of negotiations between the U.S. Treasury Secretary Steve Mnuchin and House of Representatives Speaker Nancy Pelosi. The piece contrasted the falling dollar with the…

Eth2 withdrawals are coming sooner than you think

Withdrawals for Ether staked on Ethereum 2.0 could become available as early as Q1 2021, according to a blog post by staking service Rocket Pool. While Phase 0 of Eth2’s roll-out was launched with its Beacon Chain on Dec. 1, the 900,000 Ether deposited by stakers will not be available for withdrawal until Phase 1.5 — which is expected to arrive around early 2022. However, last week, Ethereum developer Danny Ryan introduced a new proposal that would allow for “Simple (but expressive) withdrawal contracts to be written today” — meaning…

Ten crypto leaders are in the new Forbes 30 Under 30 list

Ten of the youthful business leaders featured in this year’s Forbes’ 30 Under 30 list work in blockchain and cryptocurrency, highlighting increasing acceptance of the industry from the mainstream media. Despite its name, the list actually highlights 600 young people across various categories — with the crypto alumni including seven individuals in the finance category, one in venture capital, one in energy, and one in manufacturing. The finance category features the founder of the $1.2 billion crypto derivatives exchange FTX, and quantitative trading firm Alameda Research, Sam Bankman-Fried. Since launching…

Pomp talks Shark Tank’s Kevin O’Leary into buying ‘a little more’ Bitcoin

Canadian businessman Kevin O’Leary, who appears on the reality TV show Shark Tank, has seemingly softened his stance on Bitcoin after speaking with Anthony ‘Pomp’ Pompliano.  In an episode of the Pomp Podcast released today, Shark Tank’s Kevin O’Leary appeared to be moving past his statements last year when he declared that Bitcoin (BTC) was “not a real currency” — though he still expressed concerns about the crypto asset’s volatility. The businessman said that he already owned some BTC and he might consider investing “a little bit more” of his…