Bitcoin sets record in best daily gains at $8.4K, eyes $90K milestone
In comparison, Bitcoin’s second-best daily gain occurred in August 2021, when the price rose over $7,576 in 24 hours, from $38,871 to $46,448.
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43% of Singaporeans own crypto, according to Independent Reserve survey
The inaugural 2021 Independent Reserve Cryptocurrency Index, or IRCI, is based on a poll of 1,000 Singaporeans from a representative background of gender, age and location. 985 Total views 13 Total shares Cryptocurrency adoption is growing in Singapore, especially among younger generations looking to capitalize on the generational wealth potential of Bitcoin (BTC) and other…

Six senators urge Treasury Secretary to clarify definition of broker in infrastructure law before 2022
According to the U.S. lawmakers, the infrastructure law contains an “overly-broad interpretation” of what a broker is and places the reporting burden on individuals who may not have the necessary information to comply. 189 Total views 18 Total shares A bipartisan group of U.S. senators have called on Treasury Secretary Janet Yellen to clarify the…

Blockchain P2P Energy Trading Proves Workable and Popular in Australian Test
An Australian government-backed trial of P2P solar trading using blockchain found that the technology is popular and technically feasible. 1198 Total views 18 Total shares An Australian government-backed trial of peer-to-peer solar trading using blockchain technology has found that the technology is popular with users and technically feasible.The trial, which ran between Dec. 2018 and…

EOS DeFi Project Sets Up Shop on Polkadot
Equilibrium is not quite ditching EOS, but Polkadot will be its new home. An EOS-based decentralized finance project, Equilibrium, has announced its plans to develop a new interoperable protocol on the Polkadot (DOT) blockchain.The project is set to develop an independent parachain connected with Polkadot, featuring an independent utility token called EQ. It acts both…

South Korean foundation to recover funds from defunct crypto exchanges
The Digital Asset User Protection Foundation will be set up by the DAXA self-regulatory organization and receive support from financial authorities.

Coronavirus Plagues US Crypto Conferences
There has been a rapid escalation of the COVID-19 coronavirus outbreak worldwide. Two major crypto conferences in the US have been affected by the epidemic so far.“Bitcoin 2020”, originally scheduled for March 27 and 28 in San Francisco, has moved to Q3 of 2020. The Chamber of Digital Commerce also postponed next week’s “DC Blockchain…

Reports: Bitmain Allegedly Fires All BCH Developers in Wave of Redundancies
Cryptocurrency mining giant Bitmain has reportedly fired its entire staff of Bitcoin Cash (BCH) developers, Blockstream CSO Samson Mow reported, citing Chinese social media sources on Dec. 23.The second in what appears to be a phase of staff losses for Bitmain, around 50 workers are reportedly set to go this week.The messages follow reports on…

Bitcoin’s 60% year-to-date correction looks bad, but many stocks have dropped by even more
Bitcoin’s (BTC) and Ether’s (ETH) agonizing 60% and 66% respective drops in price are drawing a lot of criticism from crypto critics and perhaps this is deserved, but there are also plenty of stocks with similar, if not worse, performances. The sharp volatility witnessed in crypto prices is partially driven by major centralized yield and lending…