One Stop Cryptocurrency NewsCast For Today ?

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1.  Crypto outspoken critic and gold bug Peter Schiff claimed on Twitter that his BTC is now intrinsically worthless and has no market value. As his wallet got corrupted somehow and that his password is no longer valid. However, Morgan Creek Digital, Anthony Pompliano, argued that Schiff simply forgot his password and tried to blame it on Bitcoin. However, the disgruntled crypto critic continued to insist that it was his wallet that actually "forgot" the password. However it looks like the BTC may indeed be gone for good. Read Full on Cointelegraph

2.  After the recent run-up, most top crypto performers of the past week are showing signs of entering a minor correction or consolidation. BSV surged to a new lifetime high on the speculation that Wright had received a list of public keys for $8.9 billion worth of Bitcoin held with the Tulip Trust. Dash (DASH) made the list of top performers for the second successive week with a rally of about 50% in the past seven days. Ethereum Classic (ETC), IOTA (MIOTA) and BCH followed. Read Full on Cointelegraph

3.  The Tezos Foundation announced the release of a faucet for the Tezos mainnet, one that allows developers and users to request XTZ tokens for development and testing purposes. According to the aforementioned announcement, the faucet will release 0.01 XTZ every 10 seconds, with the addresses registered added to a queue with a maximum length of 10. addresses that have already received XTZ from the faucet will be purportedly blocked for 12 hours, before being re-added to the queue. Read Full on tezos

4.  At CES this month, Trillbit announced a product that targets blockchain companies, who can now use Trillbit’s technology to sign transactions through sound. “If my device transmits a sound, essentially a token with a cryptographic hash, your device can receive the sound and confirm it on a blockchain,” says the founder of Trillbit, Bhaskar Deo. The benefit of using sound over, say, Bluetooth or NFC, is that a company doesn’t have to install bespoke chips to transmit information, said Deo. Read Full on Decrypt

5.  Taking a deeper look at Bitcoin returns for a longer time period, Mondays offer the best average return from all the days of the week (0.54%). On the other hand, Thursday and Wednesday are the worst days of the week to invest in Bitcoin with an average return of -0.09% and -0.23%, respectively. Bitcoin’s Monday anomaly case is reinforced from a statistical perspective since Monday is the only day of the week with a statistically significant result from the used regression models. Read Full on Cointelegraph

6.  Collaborative financial platform, 2gether, published its report on crypto-spending behavior based on survey of users from 19 countries. The report showed that the sampled users spent an average of €112.56 per month in crypto and that the most used coin in payments was Bitcoin, followed closely by ETH. The report also found that users spent 32.71% of their crypto at restaurants and hotels, the venue of the highest expenditure for most crypto-users. On the other hand, household expenses and furniture roped in just 2.83% of all crypto-spending. Read Full on AMBCrypto

7.  The report quoted a government official as saying that while the finance ministry has not finalized its plan to tax cryptocurrencies yet, there is a possibility that the government might impose a 20 percent tax on cryptocurrencies. Speculation among Korean experts is that the government will treat crypto trading gains as "other income" and not as "capital gains." Once finalized as other income, the Korean tax authority, the National Tax Service (NTS), will reportedly be allowed to tax crypto gains with immediate effect. Read Full on The Block

8.  At least 38 of the world's 100 biggest banks have reportedly tested, integrated or invested in Ripple's cross-border payments technology. The largest Ripple banking customer, Japan’s Mitsubishi UFJ Financial Group, is the fifth-largest bank in the world, with reportedly more than $2.8 trillion in total assets. Of the 38 banks linked to Ripple, 18 are actively using Ripple’s technology. Ripple says more than 300 financial institutions in 40-plus countries use its technology, including American Express, MoneyGram, Santander and SBI Remit. Read Full on The Daily Hodl

9.  The Cardano blockchain’s commercial arm, Emurgo, has partnered with the government of Uzbekistan to form a blockchain task force to develop regulations for security token offerings (STOs) and exchanges (STXs). Partnership will provide advisory services regarding infrastructure for digital asset banking, blockchain education units and other issues. By tokenizing traditional equities through STOs, the country purportedly intends to make the financial sector more transparent and secure. Read Full on Cointelegraph