1 December

After nearly three years of waiting, bitcoin investors can celebrate a new all-time high Monday after the leading cryptocurrency traded as above $19,900 Monday morning, breaking the previous record set in December 2017.

The record highs represent validation of the investment as the cryptocurrency continues to demonstrate resilience.

The significance of a new all-time high in dollar terms can’t be understated. This is yet another testament to bitcoin’s staying power.”

See Also: 5 Reasons Why Bitcoin Just Hit an All-Time High Price
See Also: Bitcoin’s All-Time High Price Rally Is Sustainable. Analysts Explain Why

Guggenheim Funds Trust filed an amendment with the U.S. Securities and Exchange Commission to allow its $5 billion Macro Opportunities Fund gain exposure to bitcoin by investing up to 10% of the fund’s net asset value in the Grayscale Bitcoin Trust (GBTC).

Guggenheim is the latest multibillion dollar hedge fund to signal an interest in bitcoin.”

See Also: Investment Giant AllianceBernstein Now Says Bitcoin Has Role in Investors’ Portfolios

Coinbase says it plans to roll out Eth2 staking, trading and conversion services starting in early 2021.

While staked ETH2 tokens remain locked on the beacon chain, Coinbase will also enable trading between ETH2, ETH, and all other supported currencies providing liquidity for our customers.”

“In the piece, Lagarde makes a bullish case for a digital euro while throwing shade at potential rivals such as cryptocurrencies and stablecoins.

Using stablecoins as a store of value could trigger a large shift of bank deposits to stablecoins, which may have an impact on banks’ operations and the transmission of monetary policy.

Stablecoins, particularly those backed by global technology firms … could also present risks to competitiveness and technological autonomy in Europe. Their dominant positions may harm competition and consumer choice, and raise concerns over data privacy and the misuse of personal information.”

See Also: Bilateral Saudi, UAE Digital Currency Experiment Shows Benefits of Distributed Ledgers, Central Banks Say

“Tezos developers have revealed the next upgrade proposal dubbed “Edo.” The implementation of Zcash’s library Sapling will allow “shielding” transactions on Tezos.

Just as with the privacy-focused coin, Sapling will allow “shielding” transactions, a feature that Tezos developers will be able to integrate into their smart contracts and “privacy-conscious” applications.”

“Yearn’s Andre Cronje said Cover will become the backstop coverage provider for Yearn, and for DeFi as a whole. For its part, Yearn will get coverage for its vaults and be able to offer its users a reduced risk product.

In the past week, Yearn announced a partnership with Pickle Finance, a yield farming protocol; a vault integration with Argent, a crypto wallet; and a merger with Cream Finance, a lending protocol.”

See Also: Yearn teams up with Akropolis to boost institutional outreach

“Finka’s native token will be used to facilitate trades every time cattle from the La Pradera ranch in Bolivia are sold, with a share of the profits then distributed to holders of the token.

The token is being claimed as the first blockchain-based financial instrument in Switzerland to hold an International Securities Identification Number, the universally recognized identifier for securities.

The Finka Token is unique in that it has a built-in link to a secondary market within the CoreLedger platform. Holders can convert the token into other tradable assets, literally anything from gold to oil or corn.”

“The regime of Nicolás Maduro continues to lean on crypto to keep economically solvent.

The stated goal of the mining operation is ‘strengthening and self-sustainability of our units of the Bolivarian Army,’ adding later that these mining centers would be generating ‘unblockable sources of income and an alternative to the trust system blocked and controlled by colonialist interests.'”

Voluntarism.dev, a self-described group of ‘old-guard miners and whales’, today launched a 51% attack on Bitcoin Cash ABC (BCHA) in protest over Bitcoin Cash’s contentious hard-fork on November 15.

The attack is two-fold. First, the attacker mine empty blocks to delay the confirmation for transactions. This does not require much hash power. Secondly, they flood the network with transactions. This does not require any hash power but costs BCHA.

Combined, they essentially create a DoS attack, making the network function poorly as a payments network. The unknown miner is doing this at great expense to themselves, so long-term, they can not sustain this attack.”

What’s Next For Money, Markets & Bitcoin (w/ Mike Maloney)