CategoryBitcoin News

Blockchain.com Acquires Latin American Crypto Investment Platform Sesocio

Blockchain.com raised $300m in March and its post-valuation jumped to $5.2 Billion. Blockchain.com’s CFO Macrina Kgil spoke about the company’s $1 trillion worth of cryptocurrency transactions. Kgil also revealed that Blockchain.com had BTC as well as Ethereum on its balance sheets. The crypto company was founded by Nicolas Cary and Benjamin Reeves in 2011. On Tuesday, described that they have acquired the Latin American crypto investment platform .

Blockchain.com stated that the company has made an impact in Brazil, Chile and Colombia. Blockchain.com is similar to the Coinbase announcement that said Unbound Security’s acquisition would result in a presence in Israel. It also notes that there will be a physical presence’ in Latin American countries through local opening of offices and hiring. In its announcement, the Luxembourg-based company stated that their goal is to make cryptocurrency solutions more accessible and easier for the unbanked.

In a statement, Peter Smith, Blockchain.com CEO, stated that Latin America offers one of the greatest growth opportunities in crypto in the next decade. “Millions of people have seen inflation at its worst and new currencies emerge from thin air. They also experienced political instability, which created a favorable climate for crypto. Smith said that the Sesocio team aims to give every Latin American access to a global cryptocurrency platform.

The acquisition of Blockchain.com follows the deal the company made with Griid Infrastructure, a bitcoin mining firm. Griid stated to the media that it had secured a $525m credit facility from Blockchain.com on November 23. Blockchain.com also acquired Storm Inc., an investment firm Magic Carpet and Aix, a consumer startup.

Guido Quaranta (Sesocio’s CEO and co-founder) said that they are proud of the achievements in Latin America and the business growth. “I am confident that Sesocio can thrive in the next chapter of this journey. We will create a new era of crypto accessibility in Latin America, and beyond, together with Blockchain.com.

Bitcoin mania! You’d be surprised to know how much cryptocurrency Google CEO Sundar Pichai owns

Sundar Pichai (Google and Alphabet CEO) recently spoke out about his experiences with cryptocurrency during an interview at an economic forum held in Singapore. Pichai was asked about his company and what cryptocurrency he has.

Pichai, who admitted that he didn’t have any cryptocurrency, said, “I wish I did.” It’s something I’ve tried out, but not in any serious way.

This revelation might seem surprising, as Pichai revealed in 2018 that his 11-year-old son was mining cryptocurrency Ethereum on the family’s home PC.

During a New York business conference, he stated, “Last week, I was at dinner and we were talking about Bitcoin. My son clarified that I was talking Ethereum, which is slightly more different.” Pichai said, “He’s eleven years old.” He told me that he was mining it.

During his speech at the Sydney Dialogue, Modi, the Indian Prime Minister, called on all democratic countries to ensure cryptocurrency does not get into the wrong hands and ruin the youth. In his speech, the PM stated that there are new risks and new forms conflict with diverse threats.

These range from cyberspace to seabeds to cyberspace. Technology is already a key instrument in shaping the future international order and a major tool for global competition.

CoinList CEO sees bitcoin hitting $100,000 by the start of next year

A chief of a rapidly expanding platform for crypto offerings believes bitcoin will hit $100,000 by the beginning of next year.

Graham Jenkin, CEO of CoinList, is bullish about the cryptocurrency. It reached a record $66,000 Oct. 20, following the launch by the highly-anticipated U.S. Bitcoin futures ETF. At 6:45 AM in London, the digital currency lost some of its gains and traded at $59,052 per piece.

Jenkin, however, was optimistic that bitcoin would rise to greater heights.

“Most people at CoinList will wager that we’ll be at $100,000 by the end. It’s getting tight, so I don’t know if we’ll make it there. But that’s what CoinList predicted toward the beginning of the year.

CoinList recently announced $100 million in series-A funding. This has allowed it to reach a valuation of $1.5billion.

Many financial professionals and companies believe that the currency will reach and surpass the $100,000 mark. They consider inflation and the launch of an ETF as ideal conditions for bitcoin’s growth, calling it a hedge against inflation.

Paul Tudor Jones, a billionaire investor, told CNBC earlier this Month that he prefers cryptocurrency to gold as an inflation hedge.

“There is a plan for crypto, and it clearly leads the race against gold at this time.” Jones said. Jones said that he thought it would be an excellent inflation hedge. It would be my preference over gold at the moment.

Fidelity Investments sees the currency reaching $100,000, but with a longer timeline.

Jurrien Timmer is Fidelity’s global macro director. He explained to CNBC that the prediction was based on a supply-demand model he studies. He said that $100,000 is the next and final time these two models will intersect in a few years.

There are still many bitcoin skeptics.

JP Morgan Chase CEO Jamie Dimon called bitcoin “worthless” after previous statements that the currency had no intrinsic value.

He believes bitcoin will be around for the long-term, but he also said to Axios that he still believes it will become illegal .

He said that he believed that regulators would regulate it.

United Wholesale Mortgage, America’s second-largest mortgage lender, has stopped accepting bitcoin payments. It cited ‘the current combination incumbent costs and regulatory uncertainty in crypto space’.

Mark Yusko, bitcoin bull, is warning about a pullback. He calls it overbought and expects investors to profit from bitcoin’s current high price.

Yusko stated that a pause that recharges, given the current overbought state of the economy, wouldn’t surprise him. There is a risk that the “buy the rumor, sell news” strategy could be used. Yusko still sees any potential profit-taking only as temporary, and sees Bitcoin hitting $250,000 within five years.

It is a good thing for CoinList to be bullish about bitcoin. However, the CEO of CoinList said that the platform is not affected by the volatility of cryptocurrency.

Jenkin stated that there is no impact on bitcoin prices with respect to our platform. However, it tends to be more separated between what’s going on with bitcoin price and the eagerness of our community to access tokens and offerings early in the platform’s development.

“Certainly, if bitcoin were to go to zero that would pose a serious challenge to our platform, but that’s not something we expect to happen anytime soon.”

Tesla Billionaire Elon Musk Signals Suprise Dogecoin ‘Update’ Support As The Bitcoin Price Suddenly Surges

Elon Musk, the Tesla billionaire, has been adamant about supporting meme-based cryptocurrency dogecoin.

The price of dogecoin has rocketed this year, climbing almost 10,000% in the last month. This propels the memecoin to the crypto top ten- thanks to Musk’s Twitter personality. The bitcoin price, by comparison, has increased 400% in the past 12 months. Much of this increase was due to Musk’s revelation that Tesla had purchased $1.5 billion worth bitcoin at the start of the year.

Musk replied to Billy Markus, a co-creator of the tongue-in-cheek rival bitcoin, and said that dogecoin miners, who secure the network in exchange for freshly-minted coins, need to ensure their software is up-to date.

Markus wrote that’mining pools need to be updated’ in a Twitter thread. Markus has largely stopped working on the dogecoin project. Musk responded with a thumbs up emoji.

You can run a node as many times as you like. Markus wrote that in order to help the network, one must be able to run a reliable, full-featured node. He also needs to use significant bandwidth and keep it updated. Existing node operators are required to upgrade in order for 1.14.4 to be a success.

Musk released the latest version of dogecoin in August to prepare ‘the networks for lower recommended fees’. He has previously asked network nodes to upgrade their software to lower dogecoin transaction costs- part of his plan to “beat bitcoin hands down”. 

Musk stated last month that it was crucial for doge fees not to rise to make movie tickets purchases viable. Musk stated that he was working with developers of dogecoin to improve system transaction efficiency back in May.

Musk’s comments about dogs can sometimes influence the dogecoin price. However, so far, it has not moved much on Musk’s latest intervention. The dogecoin market peaked in May, ahead of Musk’s highly-anticipated appearance on U.S. comedy program Saturday Night Live. It has since lost about 70% of its value.

Musk has also caused huge price swings in smaller cryptocurrencies. Musk shared a photo of his Shiba Inu dog last week. This helped to push the price for the dogecoin-derived Shiba Inu cryptocurrency up nearly 500%. Although it has lost some of its gains, it is still much higher than the beginning of the month.

The bitcoin price is still on the rise, reaching $58,000 per bitcoin, for the first time since the May crackdown in China.

What Technical Levels Should Traders Watch After Bitcoin’s Latest Rally?

Bitcoin prices had a great day. They climbed more than 6% in under an hour, and then they continued their gains later.

This morning’s innovative digital asset surged, from $44,875.50 at 6 a.m. ET to $47,650.40 just after 6 a.m. EDT, coinDesk figures reveal.

After some volatility, the cryptocurrency trended up, reaching $48,462 at 6 p.m. ET according to additional coinDesk data.

The cryptocurrency has risen more than 11% in the past 24 hours.

[Ed Note: Investing cryptocoins and tokens is highly risky as the market is not regulated. It is possible to lose all of your investment.

Many market observers speculated on the future of bitcoin after the price rise.

William Noble, chief technical analyst at research platform Token Measures, stated that ‘The next level in BTC is likely to be 49k’.

“That’s the area where the decline began.”

He provided some context and stated that:

“The Fed could have placed money into the system to cushion the eventual Evergrande events. This could have caused flows to BTC, causing short sellers and hedgers to cover.

Jake Wujastyk (chief market analyst at TrendSpider), also contributed.

“The psychological level of $50,000 is the key resistance level for Bitcoin, and the September 5th high (just shy of $53,000) is the next.

“The daily raindrop chart shows heavy volume accumulation at the top of this range, so these levels could come quite quickly.”

Collin Plume is the CEO and founder of My Digital Money. He described it as a’major resistance’ to bitcoin’s rise toward $60,000.

He identified support key, pointing out the $40,000 level.

Nick Spanos, cofounder and CEO of Zap Protocol offered a similar view, describing $39,000.00 as a critical support level.

He said that bitcoin prices could fall in the short-term and this price level could “bounce BTC’s value back up again and set it up for another rally.”

Wujastyk referred to a higher level of support, and stated the following:

“After breaking out from the falling wedge on the daily chart today, the main level you should watch below is volume-weighted average prices anchored from September 5th high at $45,100.

Avalanche-based DeFi platform Vee Finance says it’s lost $35 million in ether and bitcoin in a crypto hack

Vee Finance, an Avalanche-based platform for decentralized finance (DeFi), stated Tuesdayit that a single account had stolen around $35 million in bitcoin and ether.

Vee Finance, a cryptocurrency payment company, announced Sunday that the platform had a total value of $300 million. Monday’s attack resulted in the loss of 8,804.7 ether, and 213.93 bitcoin. The company informed its clients and advised them not to use its services on Wednesday.

This is the second attack on an platform that uses avalanche to generate revenue in less than a week. Zabu Finance was the first to be hacked. This DeFi protocol supports peer-to–peer activity and does not require a central player such as a broker or bank. It reported that it had lost $3.2 Million to an attack on September 13.

According to address monitoring, the attacker still hasn’t transferred or processed the stolen assets. Vee Finance stated in a statement that they are working on it and had proactively communicated with the attacker on the chain.

Vee Finance stated, “At the same, we are working alongside contract auditors, exchanges in industry to locate and assist with recovering the assets.

Chainlink, which creates DeFi apps, and the Avalanche Blockchain were among the company’s partners.

Vee Finance claimed they were able locate the address and suspend it. They also stopped the deposit-and borrow function. It stated that all pending orders were suspended and that no new orders could be made. It said that existing users could withdraw money as normal and that their stablecoin sections were not affected.

Retail Investors Will Drive A $1 Million Bitcoin Price

To HODL bitcoin means to love bitcoin. Love, as the primary experience for which we were created, should be spread like pollen to the wind.
You must educate your friends and family about bitcoin if you are truly to love them. They must be reminded every time they experience a negative outcome due to the fiat currency. In a society that has a falling monetary system, knowledge is power. This is the key to maintaining stability in your family.

One of the greatest benefits of bitcoin is its ability show its merits by rewarding, encouraging people who have bitcoin to be even more aware of its virtues. Many bitcoiners have found that communication, podcasts, articles and other means of sharing their knowledge are key to their journey. However, this information shouldn’t be kept to themselves.

Once you have a basic understanding of bitcoin, it is essential that the responsibility to promote, share and defend it be instilled within every Bitcoiner. We can still be beacons of truth and direction in the midst of chaos and confusion. Retail investors can demonstrate the positive feedback loop that bitcoin growth and investment provides by being purposeful. There is a lot of information available for those who are interested in humanitarian benefits. For technology enthusiasts, the possibilities are endless with bitcoin.

It is up to those who are already orange-pilled, however, to spread the message about bitcoin to others. It takes a concerted effort in order to reach out, educate, and empower those who haven’t been reached. This effort will allow us to bring bitcoin to the masses and increase its adoption. It will also drive the bitcoin price higher. As the self-rewarding loop of ‘number go higher’ technology continues to propel us towards hyperbitcoinization, this will in turn bring more interest.

Retail investors can drive us to $1 million in bitcoin prices by showing bitcoin to others. Or bitcoin will just show itself.

Teaching Financial Literacy In The Age of Bitcoin

Recently, I spoke with high school seniors who were transitioning to college. We discussed ways we can improve the education system. They shared that they didn’t feel ready for the real world. To understand their meanings, I began asking them questions. Their lack of financial literacy shocked me when we came to the subject of financial literacy. They didn’t know the difference between a credit and debit card. One student didn’t know that they were responsible to pay back money on a credit card.

Some members of Congress are focusing on banning bitcoin. While the federal government shouldn’t be prohibited from using innovative technologies, it does have a role to fund age-appropriate financial literacy courses for children in kindergarten through 12th grade. This is something I feel is morally imperative as an educator and candidate for California’s 30th congressional District in 2022. Our youth are being set up for failure by allowing them to leave high school unprepared.

These courses will teach you the basics of investing, saving and budgeting. This will help you to be financially responsible. These classes give students concrete skills that they can use in the real world. California’s current state standards require that all public school students complete a semester-long course in economics. This class teaches the big picture but does not address practical skills needed to manage money.

While students learn about international trade policy and monetary policies, they don’t learn how to locate an apartment for rent or calculate interest on credit cards. Personal finance classes are essential for students. Students must be able to tell the difference between a credit card and a debit card when they leave high school. Credit cards have a high interest rate and companies want people to fall into debt traps. They will make minimum payments to keep the principle intact. They must be able to balance risk and reward, as well as factor in inflation.

Although every student should be taught financial literacy, there is an inequity in how many students are actually taught this skill. Federally funded programs ensure that all students receive a high-quality education, regardless of their family income. These classes are not available to all students. Young people learn finance from their families or have to do it themselves. This may not be an issue for children who were raised in wealthy families.

However, it may be an issue for those who come from less fortunate backgrounds. These skills are a recipe for failure for young people. They are at risk of being preyed upon by predatory lending. They are at risk of falling prey to payday-loan and check-cashing companies that promise low service fees and rates, but which they never receive. They will be shocked by the minimum account balance fees and penalties for accidental overdrafts. Children who grow up in poverty have a fighting chance of financial literacy.

A solid foundation in financial literacy is essential to navigate a complex world. Bitcoin has the potential for revolutionizing the economy by changing the way we invest and finance. Although it wouldn’t destroy bitcoin technology, the federal government could ban it. However, this would make the American economy less attractive to investors and foreign markets. Economic prosperity is not possible by stifling innovation.

This technology is here to stay. Any properly-run financial literacy course should teach students about Bitcoins and cryptocurrency to enable them to make their own choices. No teacher should advise students to invest in stocks, bonds or bitcoin. Teachers’ job is to educate students so that they can make informed decisions.

Bitcoin ban calls are detrimental to the economy. They also ignore individual Americans’ rights to manage their money how they choose. These calls ignore the root problem. Over half of Americans live from paycheck to paycheck. The government must fulfill its obligation to provide financial education to every child. Everyday Americans have invested in bitcoin to create real wealth. Regular people have it hard enough to make ends meet. It is absurd to imagine that the government could pass a ban that would instantly wipe out all that wealth. I will support financial literacy programs with federal dollars.

I will also fight for bitcoin communities against any bans. We must all work together. Your representatives’ position on Bitcoin. Are personal finances included in the educational standards of your state? Find out. Write letters. Write letters to support candidates that reflect your values.

Cryptocurrency Claims Market Cap of $2 Trillion After Bitcoin Gains

As Bitcoin continues its upward climb with the addition of other cryptos such as Dogecoin, XRP and Cardano to the market, the total market value for cryptocurrencies has surpassed $2 trillion.

First reported by, the global value of cryptos reached $2.06 trillion over the weekend as per popular cryptocurrency tracking platform, which tracks more than 8,800 coins in real time. Bitcoin’s highest ever valuation was $48,152, following the massive plunge.

Cardano was also on the rise, claiming the third-ranked spot after Bitcoin and Ether. This is nearly 47 percent higher than its value over the past seven days. A popular crypto Binance coin saw a 14 percent increase in value. XRP rose 61 percent, and Dogecoin gained 18 percent.

This was despite crypto losing the amendment to crypto tax reporting rules in the U.S infrastructure bill. Despite this loss, cryptocurrency is still being sought out by many people around the world.

In a note published by Bloomberg, Greg Cipolaro, NYDIG Global Head for Research, stated that the price of Bitcoin was remarkable resilient after the news.

This price action was interpreted as highly bullish by us. We also believe that the recognition of crypto industry by legislators was ultimately a legitimate event that should give investors confidence that the industry will continue to thrive.

Does Bitcoin Make Payments Anonymous?

Is Bitcoin truly anonymous? Many people are curious about this question, both for good and for bad reasons. In the last year, cryptocurrency has been a popular choice for investors, particularly when Bitcoin, Ethereum, and even Dogecoin (meme-based) showed signs of incredible growth.

Bitcoin touched its highest-ever value, crossing a staggering $60,000 price in April 2021. Some still believe that Bitcoin anonymizes transactions, but is it true?

Let’s start by looking at what the largest and oldest cryptocurrency in the world has got to say about anonymity.

On its website, Bitcoin says that all of its transactions are stored publicly and permanently on its network. It states that anyone can view the transactions and balance of any Bitcoin address. The company clarifies, however, that the identity behind an address is not disclosed until it is sent out during a purchase or under other circumstances.

This is also an example of why Bitcoin addresses should be used only once. It states that you are responsible for ensuring your privacy and following good practices.

Pseudo-anonymous

Ben Weiss was the co-founder of CoinFlip and the COO of CoinFlip. He stated that although many people believe Bitcoin transactions are anonymous or untraceable they simply misunderstand the technology. Weiss stated that the oldest currency in the world was not anonymous and suggested that it could be called pseudo-anonymous.

Why? Weiss explained that you cannot buy large amounts of Bitcoin without KYC, ID or driver’s licences. Transactions are almost impossible if there is no identification check.

According to the 41-year-old entrepreneur, the myth that Bitcoin is anonymous comes from the belief that it is often associated with illegal activity. Therefore, it must be protecting the identity of those trading in it.

‘Bitcoin is actually more transparent in many ways than typical things in the financial system,’ he was quoted by BusinessInsider as saying.

Ledger

Not only Bitcoin, but even the most private cryptocurrency like Monero, DASH and Verge can be traced to a certain degree. Every transaction is tracked and stored on a ledger. Anyone can see it. The ledger records the amount, time and wallets from which the money was sent or received.

It is simple: you are anonymous until you have not transacted in or traded in cryptocurrency. Once you do this, your wallet will be added to the ledger and thus the record books.

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