Ethereum Istanbul Hard Fork Get Support From Major Crypto Exchanges

Following the successful Ethereum Istanbul hard fork update, several popular exchanges have announced their official support for the network upgrade. Yesterday, on Dec. 7, the Ethereum’s network saw ample collaboration between node operators and miners to update the software to support the Istanbul hard fork. Some crypto exchanges even sounded their willingness to update a few days prior to the scheduled hard fork. A widely supported hard fork Notably, Binance announced support for the upgrade on Dec. 5 and the day afterwards its U.S. subsidiary did the same. Coinbase also…

Major Twitch Star Reveals Tempting $1.2 Million Offer to Change Sites

Twitch star Trainwreckstv reveals he was offered $1.2 million to leave the site. He was forced to turn the deal down because of his Twitch exclusivity deal. If he had moved, Trainwreckstv would be one of several other popular Twitch streamers to leave. In an episode of his Scuffed podcast, Twitch streamer Trainwreckstv revealed that he had been offered $1.2 million to leave the site. Trainwreckstv, who has 411,514 followers on Twitch, didn’t name the site but did confirm that it was a Chinese streaming company. That is a huge…

Russian Oligarch Turns Soviet Plant Into a Major Bitcoin Mining Hub

The largest data center in the former Soviet Union, BitRiver, opened about a year ago in the Siberian city of Bratsk and most of its clients use the facility to mine Bitcoin (BTC), Bloomberg reported on Nov. 24. The data center allows cryptocurrency miners to take advantage of cheap energy in what once used to be the world’s largest aluminum smelter. The plant was built by the USSR in the 1960s with the still-active hydropower plant to power its operations. Cold climate, cheap energy The data center’s location also benefits…

Overstock’s Former CEO Patrick Byrne Still Holds Major tZero Stake

After selling off all of his Overstock shares, former CEO Patrick Byrne is reportedly still holding a major stake in tZero, Overstock’s crypto token platform. Byrne still owns 63,775 shares in tZero Overstock’s 2019 notice of special meeting and proxy statement, filed with the United States Securities and Exchange Commission (SEC) on Nov. 22, shows that the company’s former CEO still holds 63,775 shares of series a-1 preferred stock. In August, Byrne announced that he was stepping down as CEO of Overstock, citing his controversial relationship with Maria Butina as…

Bitcoin’s Defense of Major Support May Fuel Price Bounce to $9,600

View Bitcoin’s repeated defense of the 200-day average support indicates an end of the pullback from $10,350 and scope for a bounce to the 100-day average at $9,601. A UTC close above that level and a further rise to above $10,000 cannot be ruled out, as the recent pullback from $10,350 lacked volume support. Acceptance below the hourly chart support of $8,977 would weaken the case for a bounce in the next 24 hours. Bitcoin looks primed for a price bounce to $9,600, having repeatedly defended long-term support in the…

SBI’s Crypto-Focused Venture Capital Arm Sees Major Turnaround On Year

SBI Securities’ trading revenue surged 19.2% in 2019, largely due to the inclusion of the company’s crypto investment wing, which turned a $7.1 million loss into a $30 million profit over the year. Japanese financial services giant SBI Holdings released its new financial report on Oct. 30. The report analyzed results for the six-month period ended Sept. 30, 2019 and witnessed major growth of SBI’s crypto-heavy venture capital arm in 2019 amid a general decline in SBI’s revenue. SBI VC Trade profits grow over $30 million over a year According…

Canadian Fund Manager to List Bitcoin Fund on Major Stock Exchange

Canadian investment fund manager 3iQ received initial approval on its long road to launch a closed-end bitcoin fund on the Ontario Stock Exchange later this quarter. The firm said on Wednesday that it received a favorable ruling before a panel of the Ontario Securities Commission (OSC) for the Bitcoin Fund, noting the commission moved to direct the OSC Director to issue a receipt for a final prospectus. “We have addressed the questions of pricing, custody, audit, and public interest issues in a regulated investment fund. We intend to refile the…

Major Latin American Development Bank Pilots Blockchain for Land Registry

The Inter-American Development Bank (IADB) is implementing three different blockchain pilot projects to test if blockchain technology is able to solve some of the problems of land titling and registries. On Oct. 28, blockchain startup ChromaWay reported that it is collaborating with IADB on a two-year project in Bolivia, Peru and Paraguay on an initiative called “Distributed Ledger Technology (Blockchain): The Future of Land Titling and Registry.” Chromaway, which has experience in tracking land titles in countries such as Sweden, Canada, India, and Australia, will run the pilots together with…

Altcoins React on BTC’s Sudden Surge, Some Major Coins Post Double-Digit Gains

Following Bitcoin’s (BTC) sudden jump earlier in the day, altcoin markets have also entered the green zone, with some of the major cryptocurrency markets registering solid growth. Cryptocurrency market daily overview. Source: Coin360 Bitcoin had been hovering around $7,500 during the day until it suddenly surged over $500 in just five minutes to the $8,391 price mark. At press time, the leading crypto is trading at around $8,541, up by nearly 15% on the day. Bitcoin 24-hour price chart. Source: Coin360 Top-20 coins are posting gains as well, with some…