Surprise! Millennials Embrace Bitcoin While Boomers, Gen-Xers Hold Traditional Wealth

Charles Schwab has released its Q3 investment indicator report, a quarterly report that breaks down investment allocation across the firm’s brokerage accounts. It corroborates what most of us have known for a while now: Millennials are more attuned to the value of bitcoin than their Gen-X and Boomer counterparts. According to the report, the Grayscale Bitcoin Trust (GBTC) was the fifth most popular equity across Millennial accounts managed by the brokerage firm, representing 1.84 percent of all assets held under management for the age group. Millennials represent 12.9 percent of…

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XRP, Ethereum Classic Futures Debut on OKEx

OKEx added two more futures products to its portfolio, offering a settlement in Tether (USDT). The futures for XRP, Ethereum Classic (ETC), as well as TRON (TRX) and Bitcoin SV (BSV) will be added to earlier products for Bitcoin (BTC), Ethereum (ETH), EOS, Litecoin (LTC), and Bitcoin Cash (BCH). OKEx Adds XRP, ETC and More OKEx, one of the leading futures exchanges, was also the first to offer USDT settlement. This means trader accounts will not take delivery of the underlying asset, offering a simplified structure. Traders can bet on…

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Bitcoin CME Futures Gaps Are Filled With 95% Certainty, But Trading Them Is Risky

If you’ve been a crypto investor or traded Bitcoin at all during 2019, chances are you’ve heard repeated discussion surrounding the “gaps” on Bitcoin futures charts offered by the Chicago Mercantile Exchange. But what are gaps? And are these gaps nothing more than hype, or is the validity in taking trades based on the location of these gaps? One crypto analyst has set out to find out and has done a deep dive into the statistics of CME futures gaps and their correlation in the crypto market. Bitcoin CME Futures…

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Crypto Exchange UpBit’s Operator Launches Custody Service with Ledger

DXM, a financial services subsidiary of South Korean fintech firm Dunamu, has worked with crypto cybersecurity firm Ledger to launch an institutional crypto asset custody service. The partnership and the new custodian Industry news outlet TheBlock reported on Dec. 4 that DXM plans to launch the custodian under the name Upbit Safe and that Ledger Vault, Ledger’s custody arm, will support the initiative with its technology. Upbit safe will reportedly use Ledger’s hardware security technology to make trading more efficient and safer for its institutional clients. Ledger’s Head of Asia-Pacific…

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Leveraging Lightning, Bitfinex Users Can Now Shop at Bitrefill

The Lightning Network may have just gotten its first business-to-business (B2B) payment channel. Two of the most prominent Bitcoin companies in the space are collaborating: Bitfinex users can now shop at Bitrefill, straight from their trading environment on bitfinex.com. With access to the entire Bitrefill catalog, Bitfinex customers can use their account balance to buy a wide range of gift cards or to top up their prepaid phone credit. And, enabling the transfer of funds between Bitfinex and Bitrefill, the two companies have established a customized Lightning channel. “As far…

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Crypto Mining To Revive Abandoned Town in California

Visionaries bought Cerro Gordo, a remote 150-year-old ghost town in California. They plan to convert the abandoned mining town into a crypto and blockchain haven. Bringing New Mining to A 150-year-old Mining Town Two investors bought the Cerro Gordo town for $1.4 million, in mid-2018. A CNBC report describes it as a 22-building, 150-year-old ghost town, located approximately 200 miles north of Los Angeles, California. Cerro Gordo lies near Death Valley National Park, edging the Inyo Mountains of the Owen Valley. Two young entrepreneurs bought the town, as CNBC reported:…

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Credits and Alibaba Cloud Storming Chinese Market With Blockchain-Based Solutions

The Credits open-source decentralized blockchain solutions provider and Alibaba Cloud have announced the joint launch of operations in the Chinese logistics market. The solution being launched jointly by the Credits platform and Alibaba Cloud is aimed at solving the multiple issues in the logistics market using blockchain technologies. The approach will be implemented through several business models involving 3PL. The business model being employed under the 3PL approach includes the use of low-cost and versatile frequency sensors that would be installed inside Shipping Containers to monitor their movements and status…

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Singaporean Gov’t Blockchain Platform Facilitates $15.7 Million in Fundraising

The Singaporean government-backed blockchain platform Tribe has helped raise another $15.7 million for participating companies through its ecosystem. In a press release shared with Cointelegraph on Dec. 2, Tribe Accelerator revealed that a total of $28 million had been raised to date to support start-ups from around the world attempting to solve real-world problems with blockchain technology.  The first group of startups reportedly raised over $12.2 million within three months. Managing partner of Tribe Accelerator Ng Yi Ming commented: “Another successful round of fundraising underscores the relevance of blockchain technology…

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