What Pushed Bitcoin Up 65% in 2 Months? Top Fund Manager Explains

Since the middle of December, Bitcoin has been on an absolute tear higher, rallying from $6,400 to $10,550 earlier this week, per data from TradingView. This marks a surge of over 60%, meaning that the cryptocurrency outpaced a majority of other multi-billion-dollar assets save for Ethereum, XRP, and Tesla. This strong surge comes shortly after cryptocurrency investors expected BTC to drop off a cliff, meaning this uptrend has caught traders off guard, as evidenced by the hundreds of millions of dollars worth of short position liquidations over recent weeks. Related…

Japan Uneased by Chinese CBDC, Plans on Digital Yen in ‘2 to 3’ Years

China continues to pull ahead in the central bank digital currency race as more details on its secretive digital yuan project intermittently surface. As a result, more countries are beginning to worry about the potential implications. Over the past few weeks, a number of Japanese lawmakers have publicly expressed their preference for a CBDC controlled by the Bank of Japan. The general idea is to counter the soon-to-be-released digital yuan from neighbouring China and prevent it from disrupting the global economy. According to a senior ruling party lawmaker, the development…

The IRS’ Fortnite Currency Tax Mishap Is a ‘Black Mirror’ Moment for Gaming

The IRS mistakenly classified in-game currencies as taxable for months. It removed this classification almost immediately after reports went live. This mistake hints at a dystopian future for in-game currencies. Imagine a world where not only your real-life purchases were taxed but also your in-game ones, like Fortnite’s V-bucks. We caught a little glimpse of that era today via a CNN report on an IRS document regarding the subject. Put in place back in October, the posting considers in-game currencies such as V-bucks as a “convertible virtual currency” like bitcoin. That…

This Company Wants to Save E3 2020, and It’s Inviting Keanu Reeves for the Ride

Limited Run Games, a company that releases physical versions of digital games, announced a plan to “save E3.” The company will be holding an E3 live stream on June 8 at 3 p.m. ET. The announcement comes after Geoff Keighley, who hosts a popular interview event at E3, announced that he won’t be going to E3 2020. On Twitter, Limited Run Games announced its “Limited Run Saves E3” live stream. On June 8 at 3 p.m. ET, the company will be streaming announcements on its Twitch channel. It’s unclear which…

Analysis That Predicted Ripple XRP’s $0.17 Bottom: 200% Rally is Coming

XRP has been on an absolute tear over the past 60 days. Since bottoming at $0.17 in the middle of December, the cryptocurrency, currently the third-largest by market capitalization/value, has surged by just under 100%, hitting $0.336 just minutes ago as the time of this article’s writing. Related Reading: This Bitcoin Metric Is Over 100% Higher in 2 Months, and It’s Critical for Bulls This move has caught many traders off guard; indeed, after the asset’s -50% performance in 2019, some cryptocurrency investors were sure the asset was on a…

Police Are Silently Stealing Your Photos to Use Against You

Clearview AI can create an in-depth profile on any person based on a single photo. Everything from that person’s activities and interests to their network of friends is easily accessible via the Clearview database. The police say the tech is “the biggest breakthrough in the last decade,” and the privacy concerns that raises are alarming. A tiny company headed up by an Australian has quietly opened up Pandora’s box. Clearview AI created advanced facial recognition technology that law-enforcement officers say is “the biggest breakthrough in the last decade.” The software,…

Governments Begin to Roll Out FATF’s Travel Rule Around the Globe

It’s been nearly eight months since the Financial Action Task Force issued its divisive crypto directives, establishing traditional banking regulations within the crypto sector. With the year-long adoption deadline fast approaching, how have the world’s regulatory authorities responded to the guidelines so far? The FATF — an intergovernmental organization tasked with combating money laundering — found itself at the center of controversy last June after issuing its latest crypto guidance. The directive merged the cryptocurrency industry into existing banking policy, requiring firms to comply with the same requirements as traditional…

PewDiePie Took His Wife on The Weirdest Valentine’s Day Date Ever

PewDiePie isn’t exactly the smoothest guy on Earth. But couldn’t Felix not be weird, just once all year, for Valentine’s Day? Instead Kjellberg had to go and make Cupid’s birthday all about his weird obsession with aquariums. Poor Marzia! PewDiePie’s wife posted Instagram photos of her weirdest Valentine’s Day date ever with Felix. Nothing says romance like sharks, squid and those cold unblinking fish stares. Marzia was cool about it though. She wrote: Stopped by the acquarium to say hi to my puffer valentine 🐡💘 not sure what happened to…

Bahamas Digital Dollar to Roll out Across All Islands in H2 2020, Governor Says

While major industry actors argue that central bank digital currencies (CBDC) are years or decades ahead, the Bahamas plan to adopt a CBDC no later than 2020. John Rolle, the governor of the Central Bank of the Bahamas (CBOB), has reportedly confirmed that the Bahamian digital dollar initiative will be introduced across all islands in the second half of 2020. Bahamas has already launched a pilot in the Exuma region According to a Feb. 13 report by local publication The Tribune, Rolle has presented the plan addressing a Bahamas Chamber…

Five Crypto Relationships Worth Noting on Valentine’s Day

Today is Saint Valentine’s Day, and in honor of this most romantic of holidays, Cointelegraph presents five of the crypto community’s most notable unions and breakups of the past 12 months. Kelly Lynn Loeffler and Bakkt Kelly Lynn Loeffler split from the crypto world in 2019, but can you blame her? Loeffler left Bitcoin futures exchange Bakkt, where she was CEO, for a place with a slightly bigger cloakroom: the United States Senate. Loeffler was named to replace Georgia’s Republican senator Johnny Isakson, who retired for health reasons. She will…