Thailand stock exchange to open digital asset trading… without crypto?

Thailand’s stock exchange doesn’t want cryptocurrencies included on its new digital asset trading platform. The Stock Exchange of Thailand, or SET, is planning to launch a digital asset trading platform in the second half of 2021, but it will not include cryptocurrencies. The headline in The Bangkok Post “Digital asset trade imminent” appears at first glance to be bullish for the industry in the region but the report notes the bourse does not want to include cryptocurrencies: “The SET says cryptocurrencies do not meet its product qualifications and could facilitate…

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Is $1 billion a day in volume the ‘new normal’ for Uniswap?

Uniswap could be averaging $1 billion in daily trade volume soon with the majority of trades occurring between Ethereum and stablecoins. Leading decentralized exchange, or DEX, platform Uniswap continues to lead the sector as it nears an average of $1 billion a day trading volume for the month of January. Only two-thirds of the way into the month and the platform has already surpassed the previous monthly trade volume record of $15.3 billion set in September during the DeFi boom. The DEX passed $17 billion as of this morning and…

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Ford, BMW back blockchain ‘birth certificates’ to combat used car fraud

A global automotive consortium is leveraging blockchain-based “birth certificates” to track the purchase and maintenance history of secondhand vehicles. The Mobility Open Blockchain Initiative, or MOBI, a non-profit consortium of the world’s top vehicle manufacturers including Ford and BMW, has launched an initiative to combat fraud in the secondhand markets with blockchain-powered “birth certificates.” The initiative will leverage blockchain to track the registration and maintenance history of vehicles using MOBI’s second vehicle identification standard, “VID II.” The system will help reduce fraud in the used vehicle markets, with an announcement…

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Bitcoin node count hits new all-time high

Amid increasing distrust of custodial solutions and recent upgrades to Bitcoin Core, more Bitcoiners are starting to run their own nodes. The number of Bitcoin nodes is at an all-time high, with 11,558 reachable nodes currently active, according to Bitnodes.io. Another Bitcoin network statistics tracker, coin.dance, calculates the total number of Bitcoin nodes at 11,613, which is just above the previous high of 11,250 set one year ago this month. The Bitcoin Core software update 0.21.0 was released for public download on Jan. 14 2021 and is currently the fourth…

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Economist Slams ECB Chief Lagarde’s Bitcoin Remarks as Dangerous for Cryptocurrency Regulation

Responding to European Central Bank (ECB) President Christine Lagarde’s recent remarks about bitcoin, the chief economist at investment firm Tressis said what Lagarde implied was “outrageous” and “dangerous” for cryptocurrency regulation. Economist Says Governments Would Be Happy to Implement Strict Crypto Regulations Daniel Lacalle, fund manager and chief economist at Tressis Gestion, commented on Christine Lagarde’s recent remarks about bitcoin and crypto regulation in an interview with NTD Business on Sunday. Tressis Gestion provides investment management, financial planning, investment strategies, and advisory services to customers in Spain. “Obviously, Ms. Lagarde…

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Asia accounts for almost half of global crypto trading: Messari report

Crypto activity in Asia is equivalent to that in the U.S. and Europe combined. Research by Messari has delved into the Asian crypto landscape and revealed the region accounts for almost half of all digital asset trading, and boasts six of the top ten largest crypto unicorns. The report, penned by research analyst Mira Christanto, confirmed that China, Japan, Korea, Hong Kong, and Singapore, are market leaders with deep pools of liquidity, adding that other Asian countries also have great potential to scale. “With Asia accounting for 60% of the…

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Ripple pins hopes on Biden administration as co-founder sells 28.6M XRP

General counsel for Ripple Stu Alderoty predicted Joe Biden’s administration would likely “help level the playing field” for crypto. After ending 2020 facing a lawsuit from the U.S. Securities and Exchange Commission under Donald Trump’s administration, Ripple’s leadership is looking to the new year and a new U.S. President to bring a change in regulations more favorable to the firm. According to a post on the Ripple website featuring comments from key executives, the firm is predicting the incoming Biden administration will most likely “bring a renewed focus on regulation…

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Here’s why HedgeTrade (HEDG), The Graph (GRT) and UMA are rallying

Strong use cases and future growth possibilities appear to be pushing the price of HedgeTrade, The Graph and UMA higher. Bitcoin (BTC) has been consolidating for the past few days as the bulls and the bears battle it out for control over the largest cryptocurrency by market capitalization. Currently, Bitcoin looks like it is steadily losing its upward momentum but Vailshire Capital Management founder and CEO Jeff Ross has maintained his bullish stance and believes the uncertainty will resolve to the upside.  Currently, Bitcoin looks like it is steadily losing…

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Crypto winter: Bitcoiners use mining rigs as heaters as temperatures drop

Bitcoiners have been using the excess heat produced by their mining rigs to stay warm this season. Bitcoiners mining cryptocurrency at home this winter have been staving off freezing temperatures by putting them to good use as heaters. According to the Wall Street Journal, crypto miners in France and the United States report their overall heating costs have dropped  — even if the temperature in their homes often gets far above what they’d prefer. Thomas Smith, a photographer based in California, has been using mining rigs to heat his home…

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Bitcoin and altcoins correct after Yellen’s ‘illicit financing’ critique

Janet Yellen’s critical comments about cryptocurrencies put a damper on the wider market just as Ethereum price reached a new all-time high. On Tuesday, Ether (ETH) underwent a bullish breakout which propelled the price to a new all-time high at $1,428.  While the move may have been technical, the fundamentals for Etheruem continue to improve as less than one month after launch there is now $3.8 billion worth of ETH locked on the Eth2 blockchain. The rapid rise in price has clearly attracted the attention of pro traders but Cointelegraph…

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