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LINK, although birthed a DeFi token, may not be as decentralized as you might think. According to data from Glassnode, most of the token’s supply, namely 80% of it, is controlled by the top 1% of Chainlink bulls. The majority of the tokens are held on Chainlink wallets that are kept in security, away from the cryptocurrency exchanges. This wealth is distributed and stashed away between 125 digital wallets. Additionally, the number of tokens held by Chainlink whales have been steadily increasing in the last two years. Etherscan data also concludes similar findings – that 82.7% of LINK is kept in 100 wallets, which means that less than 0.03% of Chainlink addresses control 80% of LINK’s total supply. Chainlink whales appear to have been accumulating more LINK tokens even amid the surge. Traditionally, traders wait for the cryptocurrency to dip in price to buy more of the asset at a lower price. However, amid LINK hitting a new all-time high above $23, whales appear to have continued to gobble up the oracle-based cryptocurrency. This is indicative of “bullish sentiment” surrounding LINK, according to Glassnode. DeFi boom not over? LINK’s fame has been rapidly growing, with the oracle-based token recently achieving a new milestone with its record-high price. The positive sentiment around the token may be triggered by the upcoming staking feature that will be made available on Chainlink 1.0 in the first quarter of the year. Read the full article

Chainge Airdrop Chainge is empowering people to be their own digital bank. Chainge is airdropping 195 CHNG tokens for easy social tasks Steps to Claim Chainge Airdrop: - Visit the Chainge Airdrop Page and click "Account". - Sign with your email. - Get Fusion address by creating Fusion Wallet. - Complete Waiting List and Profile to earn upto 195 CHNG tokens. - Make sure you submit your Fusion address in Profile section. Read the full article

Bitcoin (BTC) continues to trade in a tightening range within a pennant pattern and while the price has moved above the 20-day moving average, it's clear that the bulls and bears are fighting over the direction the digital asset will take. Data from Cointelegraph Markets and TradingView show that BTC traded in a range between $34,955 and $37,850 over the weekend but traders buying each dip appear to be doing so with less bullish conviction.Daily cryptocurrency market performance. Source: Coin360JPMorgan research analyst Nikolaos Panigirtzoglou recently stressed the importance of Bitcoin breaking out above the $40,000 level soon in order to avoid being hurt by an exodus of “trend-following” investors who could worsen last week’s correction. According to Yves Renno, Head of Trading at Wirex, Bitcoin is in a “consolidation above the $35,500 level” but Renno still sees an overall positive trend in the market. Renno also said that the most recent correction was actually viewed as an opportunity to buy for large, institutional-size investors, as evidenced by an increase in the number of BTC whales and a “low to average” miner supply. Renno said that investors should expect to see a “continued period of high volatility with a positive medium-trend,” in the upcoming weeks and months based on action in the derivatives market. He said: Read the full article

Airdrop ChainX & PlatON ChainX is committed to the research and expansion of Bitcoin's Layer2 platform. ChainX & PlatON are jointly giving away 5PCX + 10 ATP (~$50) each to 50 lucky winners. teps to claim Giveaway - Visit the ChainX x PlatON Giveaway Page. - Submit your details and sign up. - Complete tasks and earn entries for each task. - Create ChainX address using MathWallet and ATP address using ATON App and submit both these addresses. Read the full article

Airdrop ChainX & PlatON ChainX is committed to the research and expansion of Bitcoin's Layer2 platform. ChainX & PlatON are jointly giving away 5PCX + 10 ATP (~$50) each to 50 lucky winners. teps to claim Giveaway - Visit the ChainX x PlatON Giveaway Page. - Submit your details and sign up. - Complete tasks and earn entries for each task. - Create ChainX address using MathWallet and ATP address using ATON App and submit both these addresses. Read the full article

How To Get Airdrop: Morpher is airdropping 100 MPH for sign up and KYC. Also earn 50 MPH for each referral. Steps to claim Airdrop - Visit the Morpher Airdrop page. - Submit your email and click "Claim Tokens". - You will receive an email from Morpher. (In 2-5 Days) - Click the link from email and complete easy KYC(Take 1 Day For Us). - You will get 100 MPH. - Also, earn  50 MPH for each referral. - You can esily get your KYC verified by chatting with Fractal online chat option available in right bottom of the website.   What Is Morpher? Morpher allows one to trade 24/7 with zero fees and perfect liquidity across stocks, cryptocurrencies, forex, and commodities. Best Investment App for Active Traders. Amazing features for pros and ease of use for everyone. Experience trading with zero fees and infinite liquidity. Buy Stocks on Weekends. Trade beyond pre-market and intraday. Act on breaking news over the weekend. Sell to save your gains, or buy a breakout stock before markets open. Short Any Market Profit in falling markets with short selling. Protect your portfolio the same way hedge funds do. With Morpher you pay zero interest fees on your shorts. Invest with $1! Stop worrying about the price of Amazon stock or one ounce of gold. Invest the exact amount you want with fractional shares. Unlike Any Trading Brokerage We rebuilt financial markets from the ground up on the Ethereum Blockchain. Read the full article

Bitcoin has wrapped up 2020 with a significant increase in price. After starting last year at lows of $4,748, while the Covid-19 pandemic took place, the cryptocurrency increased to just below $30,000 by the end of the year. Since then, Bitcoin has risen to all-time highs above $38,000, making headlines daily amid dramatic fluctuations that have served to make investors wary. Legendary economist Burton Malkiel has issued warnings over the cryptocurrency’s future. The author of the book “A Random Walk down Wall Street” has explained how Bitcoin's price surge has often accompanied a period of international tension. According to Malkiel, Bitcoin holders “often reside in countries with weak rules of law” and “tenuous property rights”. He said that Bitcoin could be perceived favourably in North Korea as the country appears to be mining the cryptocurrency to fund its regime. In the past, many economists have associated Bitcoin’s growth with an “index of money laundering.” However, Malkiel seems to claim that an introduction of legislation could burst and inflate the price of the leading cryptocurrency. Malkiel said: “Governments can be expected to crack down on the use of Bitcoin and other cryptocurrencies for illegal transactions.” He stated that US President Franklin D Roosevelt made it illegal for American citizens to hold gold in 1933. He mentioned: “All governments have rightly been very particular about their sole right to issue and control currencies.” He Read the full article

In brief- Maps.me has raised $50 Million in a seed funding round. - The cornerstone of Maps.me 2.0 is MAPS, a governance and utility token binding 140 million users. - Maps.me 2.0 will have a wallet to store tokens and earn yields. Maps.me, an offline mapping application with over 140 million users worldwide, has raised $50 million in a seed funding round led by Alameda Research, a Hong Kong-based investment firm and liquidity provider. Genesis Capital and CMS Holdings also participated in the round. According to a press release shared with Decrypt, Maps.Me 2.0 comes with a multi-currency wallet that will combine direct hotel bookings and location services with decentralized finance (DeFi) tools. Those include a possibility to store value and earn yields of up to eight percent, exchange funds with no hidden fees, send money and spend in multiple currencies for cross-border travel. Another option included is cashback on transactions. The company says its new app will not only combat high foreign exchange fees and commissions charged by banks and third-party travel booking platforms, but broaden access to finance in general. “By embedding and democratizing access to yield-earning finance to millions of users via an everyday app, Maps.me has the potential to really propel DeFi mainstream adoption and bring a groundbreaking technology to the masses," commented Sam Bankman-Fried, founder and CEO of Alameda Research. But it’s not only travelers who can possibly benefit from Maps. Read the full article

Kraken exchange has finally joined other cryptocurrency exchanges in announcing that XRP trading will also be temporarily halted on its platform. After January 29, US-based customers of Kraken will not be able to trade XRP. They can however hold, deposit or withdraw their XRP on the cryptocurrency exchange. For clients of Kraken residing outside of the US, XRP trades will continue uninterrupted. Kraken’s move to stop XRP trading in the US seems inevitable, with most cryptocurrency exchanges adopting a wary stance in light of the SEC suing Ripple for unregistered securities offering in the amount of $1.3 billion through XRP. Per Kraken’s announcement on its official Twitter account: “With the SEC filing against Ripple Labs, Kraken plans to halt XRP trading for US residents on January 29.2021. Support for deposits & withdrawals of XRP will continue uninterrupted. Clients residing in other countries are not affected.” Kraken crypto exchange also assured its users that the Spark token airdrop will be unaffected and that XRP holders will receive their free FLR tokens according to the usual plans. With the threat of being fined for carrying XRP on their platforms, many cryptocurrency exchanges have removed XRP trades for their US client base. XRP operations may soon come to a complete stop in the US, at least until a conclusion is reached from the Securities and Exchange Commission (SEC)’s case against Ripple. Read the full article

Kraken exchange has finally joined other cryptocurrency exchanges in announcing that XRP trading will also be temporarily halted on its platform. After January 29, US-based customers of Kraken will not be able to trade XRP. They can however hold, deposit or withdraw their XRP on the cryptocurrency exchange. For clients of Kraken residing outside of the US, XRP trades will continue uninterrupted. Kraken’s move to stop XRP trading in the US seems inevitable, with most cryptocurrency exchanges adopting a wary stance in light of the SEC suing Ripple for unregistered securities offering in the amount of $1.3 billion through XRP. Per Kraken’s announcement on its official Twitter account: “With the SEC filing against Ripple Labs, Kraken plans to halt XRP trading for US residents on January 29.2021. Support for deposits & withdrawals of XRP will continue uninterrupted. Clients residing in other countries are not affected.” Kraken crypto exchange also assured its users that the Spark token airdrop will be unaffected and that XRP holders will receive their free FLR tokens according to the usual plans. With the threat of being fined for carrying XRP on their platforms, many cryptocurrency exchanges have removed XRP trades for their US client base. XRP operations may soon come to a complete stop in the US, at least until a conclusion is reached from the Securities and Exchange Commission (SEC)’s case against Ripple. Read the full article

In brief- Brian Brooks is a former Coinbase executive. - He's served as acting head of the OCC for eight months. - He's stepping down despite having been nominated for a full term. Brian Brooks is stepping down as Acting Comptroller of the Currency. Brooks has led the Office of the Comptroller of the Currency (OCC) since May 2020, when he took over from Joseph Otting. He'll be replaced on an interim basis by current OCC Chief Operating Officer Blake Paulson. Brooks has been a supporter of cryptocurrency and blockchain innovation within the banking sector as the head of the OCC, which is a US Treasury office in charge of banking regulations. Last week, for instance, the OCC issued guidance that national banks and credit unions could use blockchain technology and stablecoins for payment activities, a major shift in policy. Just today, the office conditionally approved a trust bank charter for Anchorage, making the cryptocurrency custodian the first digital asset bank with a federal charter. Prior to working in government, Brooks was Chief Legal Officer for US-based cryptocurrency exchange Coinbase. Outgoing President Donald Trump formally nominated Brooks for a full five-year term on November 27, but Brooks was likely to face resistance from Democrats who believed President-elect Joe Biden should make the pick. Read the full article

Nearly $1 billion worth of Bitcoin (BTC) futures contracts were liquidated on Jan. 13, a day after the big shakeout. The continuous loop of liquidations is causing extreme volatility and large price swings in the cryptocurrency market.Total Bitcoin liquidations. Source: Bybt.comWhat are futures liquidations, and why are so many Bitcoin positions being liquidated?In the Bitcoin futures market, traders borrow additional capital to bet against or for Bitcoin. The technical term for this is leverage, and when traders use high leverage, the liquidation threshold gets tighter.For example, if a trader borrows 10 times the initial capital, a 10% price move to the opposite direction would cause the position to be liquidated. Once it is liquidated, the position becomes worthless and all of the initial capital is lost.When Bitcoin saw the big 20% drop from $41,000 to $30,500 on Jan. 12, nearly $2 billion worth of futures contracts were liquidated.However, within 24 hours, another $1 billion worth of contracts were liquidated. Yet, there were no large price swings other than the range between $32,000 and $35,500.The data indicates that many traders have been overleveraging their positions to short BTC after it recovered from $30,500. Hence, as Bitcoin rallied to $35,500, many short contracts were liquidated.The cascading liquidations of short contracts are most likely the main reason behind BTC’s swift 20% relief rally from $30,500 to $35,500. Read the full article

The lawsuit that has been hanging over Ripple since the Christmas holidays has caused its associated XRP token to plummet considerably on the market. XRP reversed the gains it recorded in November when the token soared by 136% within a month. However, Bitcoin’s bull run past the $40,000 mark has served to push altcoins higher, including XRP. Positive sentiment has been the underlying tone of the cryptocurrency market since December. While XRP did not benefit from Bitcoin’s record-breaking run on January 2 to top $30,000, it has joined other altcoins this time in the bull market. Currently, more liquidity has entered XRP and it has regained its spot as the fourth-largest crypto by market cap, after being unseated by Litecoin earlier this week. XRP’s market cap tops $14 billion at the time of writing, while Litecoin’s is a little over $10 billion. XRP regains strength Despite the SEC lawsuit against Ripple that has painted XRP as a security and defamed it, with US regulators arguing that Ripple violated federal securities laws through XRP sales since the token is not registered as a security, there appears to still be a lot of people backing XRP. Most of its investors may, however, be situated outside of the United States, as XRP is leveraged in places like Japan and the United Arab Emirates for its features as a bridge currency. Founder of Quantum Economics, Mati Greenspan, remarked that XRP transactions were still high. Taking to his Twitter, he said: Read the full article

In brief- On January 1, 2020, an anonymous investor put $100 in each of the top ten cryptocurrencies by market capitalization. - On January 1, 2021, the $1000 in crypto was worth $2,395, representing an increase of 139%. - The S&P 500, by contrast, grew just 16% this year. A cryptocurrency investor tracked ten cryptocurrencies over the course of 2020 and found that they performed over eight times better than the US stock market. The investor, who goes by Joe-M-4 on Reddit, claimed to have put $1,000 in the top ten largest cryptocurrencies by market cap on January 1, 2020.  On January 1, 2021, that portfolio was worth $2,395, an astonishing increase of 139.47%. By comparison, the S&P 500 grew just 16%. The investor did the same thing in 2019 with less spectacular results; the top ten cryptocurrencies didn’t beat the stock market, though the total crypto market cap swelled by 67%, which suggests that much of the growth was in other coins. Joe’s $1,000 in crypto finished 2019 up by about 2% while the S&P 500 ended the year up 29%. And in the 2018 iteration of the experiment, that initial $1,000 in the top ten cryptos was worth just $152 at the end of the year—a loss of 85%. The S&P 500, in contrast, dropped by just 6%. Of the ten cryptocurrencies Joe invested in last year, only seven are still on the list of the top ten largest cryptocurrencies by market cap. EOS, Bitcoin SV, and Tezos all fell by varying degrees; Tezos, now the 20th largest cryptocurrency, fell the most. Read the full article

The price of Bitcoin SV today surged by 30% as the altcoin market picks up the pace. Bitcoin SV is built on a blockchain that forked from Bitcoin Cash, which itself is a fork from Bitcoin, the grandaddy that’s currently setting new all-time-highs every week.  Attention to the Bitcoin SV token has largely been sidelined in favour of its more famous progenitors and tokens like Ethereum and XRP, but BSV today trades at a price of over $230. That’s still some way off its all-time high of $441, set on January 14, 2020.  In the altcoin race, all eyes are currently on Ethereum, which has increased by 60% in the last week as it hounds its former all-time high of $1,432, set in January 2018. Altseason is here, with 10% gains being made by EOS and Tron today. Dogecoin is also up by 7%, a continuation of gains that saw it jump 70% last Monday following co-signs by Tesla CEO and richest man in the world Elon Musk. Bitcoin SV’s fork from Bitcoin Cash was the result of a software ‘civil war’ between two engineering camps. The SV camp emerged, spearheaded by Chris Wright, an Australian computer scientist who claims that he created Bitcoin. This claim is heavily disputed. The ‘SV’ stands for ‘Satoshi’s Vision.’ DisclaimerThe views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice. Source link Read the full article

Interest in Ethereum has hit a new milestone as Google searches for the second-largest cryptocurrency by market capitalization has hit a new all-time high record. According to the Google search result showing the “Interests Over Time,” Ethereum searches have hit the 100% beating the January 2018 record of 81%. The Google Search all-time high for Ethereum comes following the growing gains the coin has amassed on its way to beat its all-time high price above $1,400. While the 100% Google Search mark shows how much popularity Ethereum is gaining, the figure has shown how much interest people have in the coin in place of Bitcoin (BTC), the coin whose growth has impacted on the other coins in the cryptosphere. The google trend for Bitcoin is short of its ATH of 100% set in December 2017, the point where Bitcoin hit its first significant all-time high. The trend result now is 62% against that of Ethereum at 100% Mainstream Media Coverage Not Impacting Bitcoin’s Google Searches Bitcoin has seen a significant uptick in mainstream media coverage in the past month following its meteoric rise to a new all-time high at $40,000 for the first time in its 12 year history. The activities that resulted in Bitcoin reaching this milestone which includes the pumping of cash by Institutional investors have consistently made headlines putting BTC at the forefront of investors’ interests. Read the full article

In brief- The price of Bitcoin has gone from $30,000 to $40,000 in one week. - On January 7, several exchanges, including eToro, had trouble handling high trading demand. - eToro has temporarily instituted higher minimum investments for new users as a result. Yesterday, cryptocurrency exchanges including Binance, Coinbase, Gemini, Kraken all experienced technical issues due to high demand as the Bitcoin market rallied above $40,000. While the exchanges’ general approach was to try to add additional capacity, other platforms are looking to put the brakes on demand. eToro, a mobile crypto and stock trading platform based in the UK and Cyprus, today temporarily increased the minimum amount new investors must deposit from $200 to $1,000. Amy Butler, eToro’s Global Head of PR & Communications, told Decrypt the change was necessary to deal with “unprecedented demand” and make sure eToro’s existing 17 million users can continue using the platform without a hitch. “In this first week of 2021 we have seen days with over 40,000 new registered users in a day and volumes of crypto trades at 10 times the average of last year,” she said. While she couldn’t say exactly which assets are driving the demand, Bitcoin has played a big role. The price of the asset stood at under $30,000 on January 1. It’s since increased in value by 25%. Exchanges everywhere are being forced to keep up. Read the full article