Polkadot launches DeFi alliance with Chainlink and will let 1000 nodes bloom

Polkadot is making moves to expand its ecosystem, announcing a new DeFi Alliance alongside a new support program for validators. Polkadot has become the latest Ethereum competitor to launch a decentralized finance alliance. Announced on Dec. 3, the alliance aims to overcome the decentralized nature of the Polkadot ecosystem, providing a platform for its community to discuss using the Polkadot Network and its underlying Substrate technology stack for DeFi. Oracle network Chainlink is among the alliance’s founding members. The company’s global head of business development, Dan Kochis, said: “Chainlink is…

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$3.6 billion worth of Bitcoin coaxed from long-term storage by November rally

Amid November’s 42% Bitcoin rally, roughly 185,600 BTC that hadn’t moved in at least 12 months was transferred on-chain. The November BTC rally to test all-time price highs saw more than 1% of Bitcoin’s supply move out of long-term storage. According to Unchained Capital’s ‘hodlwaves’ metric, which measures the time since Bitcoin has moved on-chain, roughly 15% of the Bitcoin that had not been moved for five and seven years as of Nov. 1 were finally transferred on-chain during the month of November. Nearly 1% of the total supply of…

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Ripple CTO says community could force the company to burn 48 billion XRP

Ripple could be forced to burn its entire XRP holdings if the community votes for it, the company’s CTO David Schwartz has confirmed. Ripple chief technology officer David Schwartz has admitted the company could be forced by validators to burn its 48 billion XRP tokens, regardless of if it agrees with the decision or not. The company currently holds half the total XRP supply and has come under fire from the community for selling off tokens in the past, although it resolutely refuted claims of price manipulation and has stopped…

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Did Fox Business book a Bitcoin SV proponent by mistake?

The interview with Bitcoin SV advocate Jimmy Nguyen on Fox Business came to an abrupt end after only two minutes. An unusual interview with Bitcoin SV (BSV) proponent Jimmy Nguyen on Fox Business earlier today appears to have been cut short after Nguyen kept criticizing Bitcoin. Nguyen appeared on the Dec. 3 episode of Fox Business’ Varney and Co. to discuss the increasing interest around Bitcoin, but the interview came to an abrupt end after a total of about two minutes. Introduced as the “Bitcoin Association” founding president, Nguyen repeatedly…

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Central Bank of Nigeria Governor Decries the Use of Parallel Exchange Rate as Citizens Switch to Crypto

The governor of the Central Bank of Nigeria (CBN) Godwin Emefiele says the embrace of the parallel market exchange rate by some professionals in that country is unfair and unfortunate. The CBN governor says the parallel foreign exchange market only accounts for a share of the market that does not exceed 5%. He also adds that this market is popular with corrupt individuals because it enables them to facilitate their illegal activities. Parallel Market Tainted Emefiele’s remarks were prompted by reports in late November that the local Naira currency has…

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Bullrun Pushing More Investors To Jump on Securypto

PRESS RELEASE. Securypto focuses on safe and truly anonymous exchange of data. In a world where datahacks have become the norm rather than the exception, anonymity has become a necessity. Acknowledging the massive support from their community, Securypto lead developer Sam Nokati expressed his appreciation: “To all who believe in Securypto and continue to express your amazing support for the SCU token sale, as a show of our tremendous appreciation, we are going ahead of schedule with our token listing. Bilaxy is a world-class digital asset trading platform and we…

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University’s epic burn: Researchers say Ripple’s protocol ‘may fail badly’

According to researchers at the University of Bern, the presence of faulty or malicious nodes on the Ripple network could have “devastating effects.” Researchers from the University of Bern have released a report claiming Ripple’s consensus protocol “ensures neither safety nor liveness.” In a blog posted yesterday from the university’s Cryptology and Data Security Research Group, researchers Christian Cachin, Amores-Sesar, and Jovana Mićić released an analysis alleging the payment firm’s consensus protocol could allow users to potentially “double-spend a token” and halt the processing of transactions. The trio set up…

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3 key ways 2021’s Bitcoin bull run may differ from 2017’s

Bitcoin price has overtaken its 2017 high, but should investors expect the top-ranked altcoins to do the same? After a rather lengthy wait, Bitcoin price is finally back to the same price range it was in 3 years ago. Back in 2017, when the Bitcoin (BTC) price peaked near $19,900, most altcoins also posted 200% or higher weekly gains. Fast forward to the present time, and BTC’s $19,100 price is virtually identical to where it was on Dec. 17 2017. One might think that not much has changed, despite some…

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Financial Analysts Expect US Dollar to Soften Further, 2021 Could Be the Greenback’s ‘Worst Year Ever’

Well before the coronavirus pandemic, global economists expected a grim-looking American economy and during the last ten months of the Covid-19 outbreak, the U.S. financial system looks even worse. Economists and analysts say the biggest concern is the U.S. dollar faltering into the unknown, as a great number of distinguished individuals believe the USD will see a significant value decline in 2021. Moreover, renowned economist Stephen Roach thinks there’s more than a 50% chance the U.S. dollar could collapse by the end of next year. The U.S. dollar currency index…

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Gavin Wood: Polkadot is a ‘bet against blockchain maximalism’

The Polkadot founder doesn’t buy into the narrative that we only need one blockchain. Polkadot doesn’t have to be an “Ethereum killer” to succeed, according to protocol founder Gavin Wood.  In a “fireside chat” with podcaster Laura Shin during the Polkadot Decoded business summit on Thursday, Wood was asked whether his protocol could exist alongside Ethereum given its lofty development goals and growing success in bringing on new developers. Wood acknowledged that the blockchain ecosystem is big enough for both protocols, but said Polkadot is essentially a “bet against blockchain…

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