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Felix Mollen

Articles by Felix Mollen

Coinbase Will Let You Stake and Trade Ethereum 2.0 Tokens

2 days ago

Just hours before the launch of Ethereum 2.0, Coinbase, America’s leading cryptocurrency exchange, decided to give a warm welcome to the evolution of the world’s largest blockchain after Bitcoin.Now, traders and hodlers waiting for the ETH2 upgrade had confirmation from Coinbase that the exchange would enable an ETH2 currency staking service. Of course, being a non-contentious upgrade, Coinbase also guarantees the trading of these new tokens.Stake —and trade— ETH2 in CoinbaseThe Coinbase team also confirmed the future interoperability between the ETH and ETH2 tokens, so users will be able to trade both at will. However, it is essential to highlight that in case they have decided to stake their coins in the Ethereum 2.0 smart contract, the funds will be blocked for a still undefined

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Pizza Hut Now Accepts Bitcoin and Other Cryptocurrencies in Venezuela

3 days ago

An endless number of economic sanctions imposed by the United States and an endless number of bad policies imposed by the Venezuelan government have led to an increasing love for Bitcoin and other cryptocurrencies in the latin american nation. This week, Pizza Hut, one of the oldest pizza chains in the country began to accept Bitcoin and other digital currencies as payment.On November 27, 2020, Pizza Hut’s customers began to have the option to pay for their orders with cryptocurrency. This would be the first time ever that the well-known franchise accepts any kind of crypto, anywhere in the world.Venezuela’s First “Cryto Pizza”Pizza Hut’s move was possible thanks to a partnership with the Latin American crypto payments processor, Crypto Buyer. This startup has been one of the most active

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Dapper Labs’ Gaming-Focused Blockchain is Almost Ready: Flow Port is Now Live

4 days ago

Blockchain development studio Dapper Labs recently announced a major advance towards the launch of the mainnet for its Flow blockchain. As of November 27, 2020, users will be able to experience Flow Port to interact with their products.Dapper Labs is the development group responsible for Crypto Kitties – the most famous collectible application of the crypto-verse at the time – and NBA Top Shot, an NBA-licensed collectibles dApp.Flow: The Next Big Thing Since CryptoKittiesFlow is the most ambitious project developed by Dapper Labs. The team hopes to launch a blockchain focused on open worlds, with capabilities geared explicitly towards game development and operations with collectibles, unique tokens, and other digital assets.Flow Port is a portal that allows users to create accounts and

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“Trying to Predict the Price of Bitcoin is a Loser’s Game,” Renowned Finance Expert Says

5 days ago

What’s going on with Bitcoin? After triggering everyone’s bullish mood, Satoshi Nakamoto’s creation experienced one of the worst crashes of the year, as if some divine providence was telling traders to take it easy.Analyses are contradictory, but some experts claim that this contradiction happens because there is no real substance to study, and investing in crypto could be dangerously close to gambling territory.BTC Trader = LoserMark Mobius is one of the experts who support this thesis. The founder of Mobius Capital Partners LLP and acclaimed authority on emerging markets told the Financial News that there was no point in trying to analyze bitcoin’s prices because, in the end, it doesn’t follow any pattern. His words are clear:“Trying to predict the price of Bitcoin is a loser’s

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Bitcoin Starts Thanksgiving Losing $1000 in Three Hours

7 days ago

So you bought some Bitcoin this week? How about a big red candle to celebrate Thanksgiving?After showing the fastest growth of the year, Bitcoin finally corrected, losing over $1000 in about 3 hours.At 0:00 UTC, Bitcoin was trading at $18869 on Coinbase. The price represented a breath of fresh air for traders and Bitcoin enthusiasts who were expecting a new ATH but were surprised by a downward correction on the afternoon of November 25th.Bitcoin embarked on a sharp correction, losing around 12% of its value in 48 hours just after hitting exactly $19500 on Coinbase.Bitcoin is Still Respecting the Bullish TrendAlthough the asian bears seem to be in control, the truth is that charts show multiple indicators that project some peace of mind. Bitcoin bounced right off the EMA 20 line, indicating

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PayPal and Square Are Buying Every New Mined Bitcoin… And More

10 days ago

When Bill Harris, former CEO of PayPal, described Bitcoin as “the greatest scam in history” in an article for Vox, the last thing that would come to his mind was the role his company would play in the global adoption of this cryptocurrency.This was in 2018, just when Bitcoin was on a major bearish trend. The bubble —as Harris described it— exploded. But things changed, a new CEO replaced Harris and Bitcoin’s price slowly recovered. Well, slowly until PayPal jumped on the Bitcoin Wagon.According to a report published by Pantera Capital, PayPal’s foray with Bitcoin has been crucial to its recent bullish rally.PayPal Makes Bitcoin SimpleIt all seems to come down to how PayPal adapts its philosophy to the crypto-verse, making crypto incredibly easy to adopt. According to Pantera Capital, the

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Hacker Steals $20 Million From DeFi Protocol Pickle Finance

11 days ago

Another day, another DeFi hack. Pickle Finance just announced that funds deposited in one of its smart contracts were stolen by a hacker hours ago.The team is still investigating how exactly the hacker stole approximately $20 million in funds. Their wallet is still “dormant” and has not started the “money laundering” phase that tends to follow every hack.And if a hack was not enough, Pickle Finance’s token (PICKLE) crashed after the news spread, losing almost 58% in a matter of hours.Pickle Finance crashed after the hack. Image: CoingeckoThe Pickle Finance DeFi Hack Was “Well Studied, and Not Easy”Whoever attacked the protocol stole the funds from Pickle Finance’s DAI PickleJar -or pJar. This Jar contained cDAI tokens issued by Compound when Pickle Finance deposited DAI in that

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US Regulator Wants to Put an End to Unfair Practices Against Crypto Businesses

12 days ago

2020 was a tough year for crypto, but it seems like the last few months are trying to compensate hodlers for the bad times. And now, the Office of the Comptroller of the Currency is bringing more good news to the crypto space.A recent regulatory proposal issued by the OCC seeks to ensure that crypto businesses enjoy the same facilities when it comes to having a bank account as any other legitimate endeavors.No More DiscriminationIn short, the OCC wants to end with the silent discrimination against crypto businesses. Instead of using general considerations towards all crypto businesses, banks should now evaluate each company individually.“Consistent with the Dodd-Frank Act’s mandate of fair access to financial services and since at least 2014, the OCC has repeatedly stated that while banks

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DDoS Attack Against Brazil’s Electoral System Costs $1000 in Bitcoin (BTC)

15 days ago

If you have some Bitcoin in your wallet – and you live in Brazil – you can attack your country’s electoral infrastructure and bring the public institutions to their knees while people express their anguish as they wait for the results of a critical election to measure the leadership of the current president, deemed the Donald Trump of South America.
Last weekend, Brazil had its municipal elections. More than 57,000 new council members were elected (the exact number has not yet been revealed), and the country tried to define whether the electoral gauge was more on the side of the far-right wing led by President Bolsonaro or the left-wing led by the opposition parties.
How to Spend $1000 Worth of Bitcoin to “Break” The Trust in Your Country’s Electoral System
The turn of

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US Senator Cynthia Lummis: Bitcoin is Going to be an Important Player for a Long Time To Come

18 days ago

Americans have just elected Cynthia Lummis (R) as their first female pro bitcoin senator, and she seems ready to make history.
Lummis (R) became senator-elect from the state of Wyoming after beating the democrat candidate Mike Enzi. She has a long and well-known career in politics, but few know about her proud past as a Bitcoin hodler.
And Lummis’ story doesn’t seem to be stuck in the past. The new senator is willing to give a better future to the Bitcoin ecosystem by putting the debate about the benefits of Bitcoin adoption on the U.S. political agenda.
Cynthia Lummis. Source: C-SpanCynthia Lummis Wants To Put Bitcoin On Top Of The Political Debate
In an interview for the TV show “Good Morning America,” Lummis spoke about Bitcoin’s advantages and its appeal as a store of

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Crypto Twitter Bullies PayPal for its Definitions of Bitcoin, Ethereum, Litecoin and BCH

19 days ago

When the Crypto Twitter community reacts, it does so in a big way. And when the guys from the Bitcoin neighborhood unite, there’s nothing to stop them, especially when it comes to criticizing traditional financial institutions —whether they’re crypto-friendly or not.
If this seems hard to believe, ask PayPal, who had to deal with significant criticism after publishing something about Bitcoin that was not swallowed easily by the Crypto Twitter community.
What PayPal Did
In October 2020, PayPal announced its decision to let users buy, store, and sell Bitcoin, Bitcoin Cash, Litecoin, and Ethereum. The news was received with joy by the community, especially after Bitcoin took off in the wake of expectations that PayPal could introduce crypto to the mainstream.
Moreover, PayPal

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Two Historically Rival Tribes in Brazil Join Forces to Create a Cryptocurrency to Fight Government Exclusion

20 days ago

Two indigenous tribes from the northern region of Brazil  have joined forces to create a cryptocurrency to save their future and have access to a decent income after a lack of attention from that country’s government. The two tribes are known for their with ancestral rivalries.
Brazil’s President Jair Bolsonaro is known for his derogatory —perhaps even racists— comments on the country’s indigenous peoples, repeatedly asserting that any attention towards indigenous lands and their culture is a waste of resources. On April 12, 1998, he told the Brazilian newspaper “Correio Brasiliense” that it was “too bad the Brazilian cavalry was not as efficient as the American cavalry, which exterminated all the Indians” and during his administration, he has actively worked to diminish

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Yes, Monero Was Attacked… But No, It Was Not “Broken”

22 days ago

A few days ago, a mysterious Twitter user claimed to have found the magic formula to crack Monero.
Fireice_UK shared a web address that “revealed” personal information of several Monero users, even including their sexual preferences.

“Anonymous” cryptocurrency #Monero broken. https://t.co/M2tDXFzpLb
You can now check how many paedophiles thought it is private today. 100 new IP addresses, transaction details and user’s porn preferences published every day.#SaveTheChildren $xmr
— Fireice UK (@fireice_uk) November 5, 2020
The website in question, Monero BADCACA, features a table with the TxID of a Monero transaction, its city of origin, the node’s IP —perhaps not the sender’s, more on this later— and the person’s favorite porn based on the torrents they downloaded.

The Dark

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The Biden Effect: Bitcoin Price Plunged $850 Immediately After The Announcement

25 days ago

The uncertainty seems to have come to an end: Biden is the new president of the United States after winning the decisive electoral votes of Georgia and Pennsylvania. At this moment, Biden has 290 votes out of the 270 needed to win the presidency, while Trump has only 214. And with only 34 votes in dispute, the chapter is practically closed.
Biden vs Trump 2020 electionsBitcoin’s Sell The News In Reaction to Biden Winning
The new president was quick to change his Twitter bio and send a message to the nation, thanking them for their support, and promising to unite the Not-so-United States:

America, I’m honored that you have chosen me to lead our great country.
The work ahead of us will be hard, but I promise you this: I will be a President for all Americans — whether you

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Crypto ATMs Grew 80% in 2020. Every Hour There’s a New Machine Installed

25 days ago

Startups have taken note of the growing interest in cryptocurrencies, seizing the opportunity to position themselves in the market and Crypto ATM manufacturers are expanding more than ever.
According to figures from the metrics website Coin ATM Radar, so far in 2020, there has been a growth of more than 80% in the deployment of new crypto ATMs. This is almost 3 times the amount reported at the beginning of 2019.
Crypto ATMs Spread All Over The World

The world welcomed 2020 with 6372 Crypto ATMs. At the time of writing, there are already 11665 ATMs deployed all over the globe… and the number is still growing.
Crypto ATM Installations Growth. Image: Coin ATM RadarATMs are expanding like wildfire. Estimates from Coin ATM Radar calculate that virtually one new ATM is put into

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Gaming Giant CAPCOM Attacked With Ransomware. Hackers Ask for $11M in Bitcoin

26 days ago

Ransomware attacks are one of the most notorious examples of crypto-related criminal activities 2020, with targets ranging from city halls and universities to major industries such as Tesla. And this week, hackers claimed a new victim: The gaming giant Capcom.
Capcom is the corporation behind major hits like Devil May Cry, Resident Evil, Megaman and Street Fighter.
Capcom’s Data is Worth $11 Million in Bitcoin
At the beginning of November 2020, Capcom issued a statement informing it was the target of a computer attack. The Japanese corporation didn’t elaborate on the nature of the attack, and only said that it paused some operations and notified the authorities:
Beginning in the early morning hours of November 2, 2020, some of the Capcom Group networks experienced issues

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In December of 2017 Bitcoin Gained $1500 In 24 Hours, Will There Be a New ATH in 2020?

27 days ago

Bitcoin’s most significant green candle happened on December 7, 2017, when traders started the day at $14090 and pushed the token to $17390 in 24 hours. That would be the first time a bullish candle broke the $15900 line —an event that new investors are experiencing today.
December 7 of 2017 can also be remembered as the perfect argument for those who claimed BTC was a bubble, as the token also registered a wick of $19697 that day, its most significant growth ever with a $5600 surge.
2017 and 2020 Are Similar… But Different
Today, Bitcoin is flirting with the $16,000 mark. Its peak during the last 24 hours stands at $15977. That’s an 11.49% growth from the day before, putting the cryptocurrency at a mere 20% below its ATH.
That places bitcoin as the cryptocurrency with the

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Huge $972 Million Bitcoin Transaction As The 4th Richest Wallet Emptied

29 days ago

One of the most famous Bitcoin wallets among hackers and treasure hunters in the crypto-verse is now empty. Someone moved over 69.369 BTC from a legacy wallet to a new native SegWit format address (a more modern format aimed at optimizing transactions by lowering their transaction fees).
Everything about the wallet is a mystery: Nobody knows who owns it, who moved the funds, or why. But the wallet was as mysterious as it was popular. It was the fourth richest Bitcoin wallet ever and it remained intact thanks to the magic of the cryptography that powers the Bitcoin blockchain.
The Address 1HQ3Go3ggs8pFnXuHVHRytPCq5fGG8Hbhx was the fourth richest BTC address until today. Image: BitinfochartsThe World’s Fourth Richest BTC wallet is Empty
The wallet was emptied on November 3,

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Facebook Censors Bitcoin-related Content Once Again

November 1, 2020

Bitcoin is censorship-resistant… The hashtag #Bitcoin is not.
Over the past days, Facebook has been busy censoring all posts that include the #Bitcoin hashtag in the description. There are no distinctions: Videos, photographs, and even messages have been censored, blocking the public from accessing any information related to the cryptocurrency.
Upon entering the hashtag, users in different parts of the world are confronted with a censorship screen in which Facebook ensures that posts are “temporarily hidden” in order to keep the community safe, according to its policies.
Facebook has hidden search results for #Bitcoin. Image: Facebook
Several users went on Twitter (where it is possible to talk about Bitcoin) to denounce the ban. Twitter, unlike Facebook, has a pro-bitcoin

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Bitcoin is The Biggest Bubble Ever, Says Peter Schiff… Again

October 29, 2020

Bitcoin skeptic Peter Schiff has done it again: The notorious gold bug, famous for being the owner of the only Bitcoin wallet capable of forgetting passwords, claimed that this time —unlike his other failed predictions— Bitcoin is genuinely about to die .
Shortly before the price correction on Oct. 20, 2020, the investor went on Twitter to unload his thoughts on the famous cryptocurrency, declaring it to be the worst bubble he’d ever seen. Schiff explained that the “level of conviction buyers have in their trade” is so high that it beats famous dark episodes in the history of finance like the dot-com bubble or the 2006 real estate crisis.

If you measure the size of asset bubbles based on the level of conviction buyers have in their trade, the #Bitcoin bubble is the

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Bitcoin-Friendly Avanti Receives License to be The Second Crypto Bank in The US

October 28, 2020

Now the United States can boast a new crypto bank: Welcome Avanti.
Avanti Financial Group, a firm founded by the former managing director at Morgan Stanley, Caitlin Long, announced that it had been granted a license to offer banking services by the Wyoming State Banking Board.
Avanti is The Second Crypto-bank Operating in the United States
With this decision, Avanti becomes the second crypto company to receive a banking license after the crypto exchange Kraken was also authorized by the Wyoming State Banking Board.
This license allows Avanti to offer financial services in the same way that a traditional bank would, only that these are in addition to the crypto services already provided by the platform.
According to Avanti, the application in the state of Wyoming was key to

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SEC Director Who Said Ethereum is Not a Security Leaving the Watchdog

October 27, 2020

William Hinman, a director of the U.S. Securities and Exchange Commission (SEC) known for his statements in favor of greater clarity for the crypto ecosystem and other ICOs and fintech, announced his intentions to leave his post in the upcoming months.
Since 2017, Hinman has served as a director of the SEC’s Division of Corporation Finance, an office responsible for giving investors material information to help them come with good financial decisions. His office also provides interpretative assistance to companies with respect to SEC rules. It also makes recommendations to the Commission in different regulatory areas.
William Hinman Paved The Way for a Better Crypto / Fintech Ecosystem
In addition, Hinman participated in creating the SEC’s Strategic Hub for Innovation and

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North America and Europe Control 88% of All Lightning Network Nodes, Research Finds

October 27, 2020

As Bitcoin adoption grows more and more, concerns about the need for scalability solutions increase. Lightning Network is the most important layer-two development currently available on the Bitcoin blockchain, and it seems that North Americans are the favorite demographic for this efficiency-focused micropayment solution.
The Lightning Network is a layer-two solution currently under development. It focuses on the creation of channels between peers that allow for almost instant and extremely cheap transactions without the need to record it on the blokchain. The money is locked on a wallet in order for it to be available on the Lightning Network, and once a user needs to have its tokens on the Bitcoin blockchain, the channel is closed and the blockchain registers one

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Bitcoin Price Could Triple Even After a Modest Switch From Gold, JP Morgan Says

October 24, 2020

Despite having a complicated past, it seems that JP Morgan’s love for Bitcoin is growing every day thanks to its potential as an investment and store of value.
In a recent report, the American bank shared with its investors an analysis of Bitcoin’s current situation and possible future scenarios regarding prices and fundamental value. The bank explained that under the current conditions, Bitcoin has a good chance of increasing its price.
JP Morgan Believes Bitcoin Could be an Alternative to Gold
JP Morgan believes that investors could switch from gold to bitcoin as a way to diversify their portfolio and having another uncorrelated storage of value. This is especially important for those who don’t want to depend exclusively on gold when it comes to diversify their risk

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Decred Announces its First Zero-Fees Decentralized Exchange: DCRDEX

October 21, 2020

Decred, the blockchain built with decentralized governance in mind, announced today the launch of DCRDEX, a revolutionary DEX created with the objective of being as friendly as possible with traders.
Unlike traditional exchanges like Binance or Coinbase, Decred’s DCRDEX runs on the blockchain, so there is no third-party intervention in users’ operations.
DCRDEX: Decred’s Vision of How a DEX Should Be
The team at Decred also assured on an official Press Release that unlike most decentralized exchanges, DCRDEX allows interoperability between several blockchains, as long as they provide support for atomic swaps.
Atomic swaps are a form of token exchange between different blockchains without the intervention of a third party. So far, not all blockchains have this feature, so

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Kik and The SEC Reach a $5 Million Agreement to End Their Legal Battle

October 20, 2020

The story of the legal battle between Kik  and the SEC seems to be coming to an end. Today, the SEC filed a motion with the Southern District Court of New York to close the case with a $5 million fine.
Kik was being sued for issuing and selling unregistered securities through the ICO of its KIN token. The accusation came when the SEC also attempted similar proceedings against TON’s ICO, the Telegram blockchain.
However, the agreement with Canada’s Kik is much softer than the SEC’s intentions with Telegram: The latter was prohibited from pursuing the project, whereas Kik is required to notify the SEC of any action involving sale or exchange of assets.
Kik and The SEC Agree to Disagree
Kik accepted the settlement, which has not yet been approved by the New York court. If the

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Bitcoin Skeptic Peter Schiff’s Bank Investigated for Allegedly Serving Top Criminals

October 18, 2020

Peter Schiff may hate Bitcoin for having no value and being the money of criminals. Still, his bank Euro Pacific Capital is not without its sins either.
A joint investigation by the tax authorities of Australia, the Netherlands, Canada, the United Kingdom, and the United States has Peter Schiff’s bank targeted for allegedly facilitating tax evasion and offering its services to known multinational top criminals.
Screenshot of Euro Pacific Capital’s main site, with a picture of Peter Schiff. Image: Euro Pacific CapitalPeter Schiff’s Bank is Under The Scope of Tax Agencies
The joint operation is codenamed “Atlantis” and began sometime after the scandal of the Panama Papers, exposing how criminals and tax evaders use legal loopholes to evade taxes, generating damages in the

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Filecoin Plunges 80% in 4 Days While Miners Suffer the Most

October 18, 2020

Filecoin’s history has been turbulent since its creation in the early days of the crypto-verse. But investors can probably agree that nothing resembles what happened last week.
Filecoin Traders Had a Hard Week…
Speculators are having a rough time. The token initially had a brief and sudden rise of more than 100% immediately after its launch. Traders, analysts, and Filecoin fans were debating everywhere about the project’s fundamental value and how it could revolutionize the world of content storage and distribution… until the dump happened.
After the initial hype, Filecoin has collapsed by almost 80% and has not recovered ever since. The cryptocurrency went from $131 to $35.38 in just 4 days, and the fact that some exchanges are not offering real tokens but IOUs doesn’t

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Central Bank of Spain To Prioritize the Design and Study of a CBDC

October 18, 2020

The Central Bank of Spain published its Strategic Plan for 2020-2024, describing the objectives and strategies it will follow to boost its economy and adapt the country’s finances to the requirements of the modern era, and a CBDC is one of its priorities.
The digital world is stealing the attention of the Spaniards. In its “Analysis and research priorities for the Banco de España: 2020-2024“, the Central Bank said it will prioritize the study of the legal, technological and financial framework surrounding the issuance of a possible CBDC to optimize the efficiency of banking processes.

Publicamos las prioridades de análisis e investigación del @BancoDeEspana para 2020-2024 en el contexto de nuestro #PlanEstratégico https://t.co/dGbwsx7adcEl gobernador #bdeHdeCos lo explica

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Privacy at Stake: 96% Of Information Requests to Coinbase Came From US Federal Agencies

October 17, 2020

Coinbase has released its recent Transparency Report, and the results are not at all encouraging for privacy advocates and believers in an “anti-establishment” philosophy of cryptocurrencies.
According to the company, out of 1914 requests for information it received, 1848 of them corresponded to subpoenas and interactions made by criminal investigation agencies, and only 66 came from civil or administrative agencies.
Type of Information Requests sent by Law Enforcement Agencies to Coinbase. Image: CoinbaseCoinbase Unveils An Unsurprising Report
Such statistics from Coinbase are not strange. The company has consistently expressed its willingness to cooperate with U.S. law enforcement agencies, having contracts and good relations with the U.S. Department of Homeland

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