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New Data Suggests That Satoshi was Based in London

26 Nov 2020 1 minute read 12 comments Abhimanyu Krishnan

A new report by The Chain Bulletin Creative Director Doncho Karaivanov published on Nov. 23 suggests that Satoshi Nakamoto may have spent time in London while working on Bitcoin. Karaivanov analyzed Satoshi’s BitcoinTalk forum posts, email, SourceFo...

Users Withdraw Bitcoins as OKEx Withdrawals Resume

26 Nov 2020 1 minute read 4 comments Abhimanyu Krishnan

The OKEx exchange resumed full operations on Nov. 26, after 5 weeks of a withdrawal suspension that followed one of its founders being involved in a police investigation. Users are now able to fully withdraw their funds, only a few days after report...

Coinbase CEO Addresses Allegations of Racial Discrimination in Response to Upcoming NYT Story

26 Nov 2020 1 minute read 0 comments Abhimanyu Krishnan

On Nov. 26, Coinbase CEO Brian Armstrong preemptively published a response to an upcoming New York Times story about incidents of racial discrimiantion at the company. The New York Times is expected to publish a negative story on Coinbase and allege...

PayPal Bans User for Trading Crypto in a “Misunderstanding”

26 Nov 2020 1 minute read 5 comments Abhimanyu Krishnan

Paypal has suspended a user’s funds because his cryptocurrencies trades were misunderstood to be item sales, according to the user, who posted the grievance on Reddit on Nov. 25. Reddit user TheCoolDoc said he bought $10,000 worth of crypto within a...

Square Buys Credit Karma's Tax Service for Cash App Integration

26 Nov 2020 1 minute read 0 comments Abhimanyu Krishnan

Payments firm Square will buy Credit Karma’s tax application for $50 million, according to a press release issued on Nov. 25. Square will buy the self-reporting tax filing service Credit Karma Tax on behalf of its Cash App The service will be made a...

Chainlink CEO Expects Flash Attacks to Ramp Up

25 Nov 2020 1 minute read 5 comments Abhimanyu Krishnan

Chainlink (LINK) co-founder Sergey Nazarov believes that the DeFi market will experience more flash loan attacks going forward. Nazarov made the statement during a Decrypt Daily podcast on Nov. 24. Nazarov said that the main pain point with respect...

Bitcoin is Now Bigger Than JPMorgan

25 Nov 2020 1 minute read 1 comment Abhimanyu Krishnan

Bitcoin’s market cap has reached a new “milestone” -- surpassing investment bank JPMorgan Chase’s market cap on Nov. 23 with a market cap of $356.6 billion.  Bitcoin’s recent rally, which has put it tantalizingly close to its all-time high, has the...

Gold Investor Says that Bitcoin Will Probably Reach $300-500K

25 Nov 2020 1 minute read 1 comment Abhimanyu Krishnan

Co-founder of Gold Bullion International, Dan Tapiero, speaking on the Pomp Podcast on Nov. 23, said that he expects Bitcoin to reach six-figure valuations of up to $500,000 within the next 5 years. When asked by Anthony Pompliano about where he saw...

Coinbase Pro Disables Margin Trading, Citing CFTC Guidance

25 Nov 2020 1 minute read 0 comments Abhimanyu Krishnan

Coinbase Pro will disable margin trading from Nov. 25, according to an announcement made on Nov. 25. Coinbase cited guidance from the United States Commodity Futures Trading Commission as the reason why it has disabled the product The exchange also...

P2P Insurance Network Cover Protocol Executes Claim for Pickle Finance Hack

25 Nov 2020 1 minute read 0 comments Abhimanyu Krishnan

Decentralized insurance coverage network Cover Protocol announced on Nov. 24 that its users had successfully agreed to payout a coverage for the Pickle Finance hack that occurred on Nov. 23. Cover Protocol will cover some of the funds from the $20 m...