Two Chinese state-run media outlets have published a brief news item urging citizens to focus more on blockchain technology than on the “hype” of the recent surging Bitcoin prices across the board.

Bitcoin’s price has nearly doubled in the past eight weeks as several major publicly listed companies bought the cryptocurrency to hedge against an inflation-led decline in the value of their cash holdings.

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During the past few weeks, Ari Paul, CIO at BlockTower Capital, and Luke Martin, a prominent digital asset trader, have noted that Bitcoin’s (BTC) upward price movements since late October 2020 have mostly taken place during US market hours.

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An “elegant” Bitcoin (BTC) metric that predicted its run to $12,000 in August has flashed bullish again for the first time since July.

While more big companies and investors are turning into bitcoin (BTC) in search for a reserve asset and hedge against inflation, one Canadian small business shows that it might help smaller enterprises too.

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XRP has been caught within a tight consolidation pattern throughout the past few days, with its recent parabolic rally slowing down as bulls struggle to break above the resistance in the upper-$0.60 region.

At the time of this writing, ETH’s price is down $-0.18 (-0.03%) from the hour prior. ETH has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. Of note is that the 20 hour changed directions on ETH; it is now pointing down. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

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With the long-anticipated arrival of phase 0 of the Ethereum 2.0 upgrade launching on Dec. 1, that could be the network’s native token, ether (ETH). But analysts say ether should be judged on its own merits and not as a bitcoin replacement.

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The Ethereum (ETH) price has increased significantly since March and is currently approaching a long-term resistance level.

Sometimes we’re tempted to write headlines with emojis—and if we did, this one would have the “tears of laughter” face. Coinbase has revealed it uses an internal ledger to track changes in ownership because “Coinbase’s daily transaction count exceeds the capacity of the Bitcoin blockchain.” Perhaps Bitcoin BSV tokenization could solve the problem?

With the launch of Ethereum (ETH) 2.0 “Phase 0” on December 1, users were introduced to a bunch of new features and nuances that the proof-of-stake (PoS) consensus mechanism has brought with it. One of them is “slashing”—a network protection mechanism that punishes validators if they don’t fulfill their task correctly.

Slush Pool encoded a Reuters headline in an apparent nod to the Bitcoin genesis block, which contains a banner from The Times.

If you believed in the potential of Bitcoin SV, what would you do? You might set up a venture capital and hedge fund to invest in BSV startups because you thought they had such great prospects. And if that wasn’t enough, you might try to get into transaction processing with your own Bitcoin node infrastructure. That’s what exactly what Dave Mullen-Muhr, of Unbounded Capital and Unbounded Enterprise, is doing.

Nouriel Roubini is right about BTC, Tether and the criminal cartels that pump the prices of BTC while laundering out real fiat profits through their exchange partners. While tax evasion and general financial malfeasance is problematic enough, one has to wonder what else is occurring with the laundered funds, as it is well known that Bitcoin has a sordid history of being utilized in gray and black market business—like The Silk Road, which has links to Bitcoin.com and supported by Roger Ver. Despite the romantic, libertarian view of Bitcoin subverting the oppression of the centralized fiat economy, in reality, they were engaging in drug smuggling, assassination markets and human trafficking. To be fair, some interesting civil disobedience was occurring as well, but the immorality of their deeds far outstripped any political footing that could have been established in the early era of Bitcoin.

New York (CNN Business)The dramatic rise in bitcoin may seem overly speculative. Yet bitcoin has actually lagged the surges for some other cryptocurrencies.