Bitcoin’s rollercoaster ride, Ether shines, XRP mystery: Hodler’s Digest, Jan. 3–9

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Brace for impact? After hitting $42,000, Bitcoin price volatility may rise Another week, another spate of all-time highs. Bitcoin managed to crack $42,000 on Friday, surging by 9% in just three hours.  A sharp correction soon followed, with prices tumbling by 7% in the following…

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Morgan Stanley Massively Increases Bitcoin Exposure Through Microstrategy

Global investment bank Morgan Stanley has increased its bitcoin exposure manyfold by investing in Microstrategy, the Nasdaq-listed company which currently holds about 70,470 bitcoins. Morgan Stanley now has a 10.9% stake in Microstrategy. ‘Even Banks Want Bitcoin’ Global financial services firm Morgan Stanley has significantly increased its exposure to bitcoin, the company’s filing with the U.S. Securities and Exchange Commission (SEC) on Friday shows. Morgan Stanley has declared that it now owns 792,627 shares of Microstrategy. The Nasdaq-listed company has been stacking bitcoin over the past six months and now…

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Traders flock into altcoins as Bitcoin price trades sideways

The bullish momentum seen throughout the week has spilled over into the weekend as the majority of the top-100 tokens listed on CoinMarketCap are posting double-digit gains.  Bitcoin (BTC) entering a brief consolidation period and the possibility of a third round of stimulus checks for American citizens are two possible reasons for today’s bullish price action. Daily cryptocurrency market performance. Source: Coin360 While there are concerns about the recent large Bitcoin inflows into South Korean exchanges by BTC whales, fundamentals factors like miner sentiment and decreasing supply are keeping investors…

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Sushiswap reveals ambitious 2021 roadmap

After a wild, up-and-down 2020 that saw Sushiswap become the largest decentralized exchange (DEX) by liquidity at two different points, the decentralized finance (DeFi) platform has released a wildly ambitious project roadmap for 2021. Key forthcoming developments include multiple examples of some of the most complex and advanced functionalities in the DeFi space, including a cross-chain DEX that will be enabled by Rune and Moonbeam, an implementation on the Polkadot chain, and a fully decentralized governance structure by the end of 2021. The post also provided updates on previously-announced projects,…

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Ripple’s CEO Addresses Key Allegations by US SEC — Legal Response Coming Soon

Ripple CEO Brad Garlinghouse has addressed some of the allegations made by the U.S. Securities and Exchange Commission (SEC) against his company. He focused on answering five questions on what he calls “unproven allegations” by the regulator. Garlinghouse Says There Is ‘Regulatory Chaos’ in the US In a Twitter thread on his official profile, Garlinghouse claimed that the blockchain company “tried” to settle with the U.S. SEC. He added that the firm will try again with the new administration but refused to go into specifics. In response to crypto exchanges…

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Bitcoin And The Printing Press – Bitcoin Magazine

How Information-Freeing Innovation Shapes Society This is the story of two disruptive innovations, which arrived several centuries apart with remarkable similarities. It’s about the largely invisible technological forces that alter incentives of obedience and steer the evolution of how societies are organized. The Mistrust Of Institutions Trust is the key ingredient that enables us to cooperate and trade. The greater our access to information, the greater our ability to assess reputation and therefore trustworthiness. When it becomes easier to establish trust through verifying truth, those who benefited most from the…

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Are Bitcoin miners bullish? BTC miners face biggest difficulty bump in 3 months

Bitcoin (BTC) mining difficulty is set to rise by roughly 11% on Jan. 9, according to data from BTC.com. This marks the biggest increase in nearly four months that will put the metric over 20 trillion for the first time ever.  “Hashrate is on a tear!” commented popular pseudonymous Bitcoin trader hodlonaut three days ago. “When difficulty readjusts in 3 days, it will crush through 20T for the first time in Bitcoin history.” Bitcoin network difficulty reaches 20 trillion  The network difficulty is a relative measure of how hard it…

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New Bitcoin Quest Contest Gives People a Chance to Locate Crypto Seeds Hidden in Pictures

There’s an online-sleuthing contest starting on January 21st called “Bitcoin Quest,” where individuals can leverage their crypto-analytical skills to hunt for mnemonic bitcoin seed phrases hidden in artwork. Winners who drain the artwork’s crypto holdings will be able to win a Bitcoin Quest analyst certificate, 13 prizes worth $150 each, and three Satochip hardware wallets. The teams behind the crypto industry organizations Hotmine, Its Business Baby, School Bitcoin, Satochip, and the Ed Khan Crypto Gallery have started a contest called Bitcoin Quest. The interesting event allows people to find bitcoin…

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Altcoins sell-off as traders jostle to hold Bitcoin price above $40K

Altcoin’s recent gains have come under pressure as Bitcoin (BTC) price dropped to retest lower support levels after reaching a new all-time high at $41,940.  Following Bitcoin’s Jan. 7 push above $40,000, the top cryptocurrency faced selling pressure that saw the price dip as low as $36,600. As has been the case throughout the current rally, investors quickly purchased the dip and BTC price rallied to a new all time high at $41,940 on Jan.8. Market sentiment continues to improve as institutional investor inflow to cryptocurrencies continues to rise. As…

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