Sunday, January 31, 2021

Sunday Night Five: Call off the Pac-12 competition? The situation for and also versus as Collection Sunday chaos impends

Reaction to developments on and off the court …

1. To play or not to play.

As this pandemic season unfolds, coaches across the country are questioning the value of conference tournaments, which have the potential to derail healthy teams and create a tumultuous March Madness selection process.

In a recent survey of 41 head coaches by CBS Sports, more than one-quarter of respondents said their conference should not hold a tournament.

“In every league I think you need to ascertain where exactly your teams are in regard to qualifying for at-larges and what really is to be gained from the league tournament,’’ Gonzaga coach Mark Few told the outlet.

In a recent article in USA Today, Louisville coach Chris Mack suggested teams might simply decline to play for their league title.

“I do believe there will be some teams that opt out of conference tournaments knowing they’re a shoo-in for the NCAA Tournament,” he said.

The Pac-12’s position is clear: Vegas, here it comes.

During a meeting this week, the conference’s athletic directors discussed the four-day event at T-Mobile Arena and, according to a source, showed no interest in canceling.

“Everyone is aware of the national conversation,” the source said, “but (the ADs) are fully committed to playing.”

Should they be?

Yes, but like everything else with COVID, it’s complicated.

2. The case for canceling.

It’s not difficult to envision the tournament turning into a shell of its normal self:

— One or two teams are unable to compete as COVID prevents them from even leaving campus.

— Two or three games are canceled hours before tipoff because of positive tests.

— A semifinal is called off.

— The championship game is canceled.

— A team is awarded the Pac-12’s automatic bid without having to play past the quarterfinals.

It could turn ridiculous quickly, leaving participants to wonder why the Pac-12 bothered to play in the first place.

What’s more, there are logistical problems to consider for the teams headed to the NCAA tournament.

The NCAA is requiring all participants (i.e., players and coaches) to have seven consecutive days of negative COVID tests before touching down in Indianapolis for the multi-week bubble.

Does a trip to Las Vegas for three or four days make that less likely? Could playing in the Pac-12 tournament cause a team to miss the NCAA tournament?

Lastly, eliminating the Pac-12 event could ease the burden on players for the remainder of the regular season.

Because of the postponements to date, many teams are facing revised February schedules that feature three games per week for several weeks.

Cancel the conference tournament, use the second week of March for make-up games, and the need to squeeze diminishes.

Also, the NCAA-bound teams would be far fresher.

3. The case for playing.

The reasons to plow forward are equally strong, and (surprise, surprise) money isn’t atop the list.

Yes, the Pac-12 would take a financial hit if it canceled the event, but it wouldn’t be a wallop. The tournament isn’t a cash machine, especially without fans (ticket sales).

The health component is momentous, but there is no clear answer: Players would not necessarily be safer by remaining on campus, where the risk of infection and transmission lurks.

Put them in a quasi-bubble environment in Las Vegas — all their time would be spent in the hotel rooms, at team functions and on the practice court — and they might be more likely to test negative for seven consecutive days.

But the best case for holding the conference tournament is the opportunity provided.

The Pac-12 has one team ineligible for the NCAAs (Arizona), five teams in solid position and six with just one path available: Win the title and collect the automatic berth.

The moment you shutter the event, those six are done. They would have nothing to play for, except pride, after all these months of sacrifice … and after the same opportunity was taken away last March.

At that point, the integrity of the regular season would move to the edge of collapse.

Seniors with no future in the sport might opt out to focus on graduation and finding a job.

NBA prospects might opt out to focus on the draft.

You would have five teams with motivation, the rest with nothing.

It’s one thing to cancel competition because of positive tests, contact tracing and depleted rosters.

It’s another to preemptively yank the ultimate carrot, March Madness, out from under teams that are healthy enough to play for the chance to participate.

The Hotline has pondered the issue for several days and, admittedly, began from a place of deep skepticism.

But based on all the information currently at hand — and assuming no terrorizing COVID spike occurs in Las Vegas next month — the Pac-12 should hold the conference tournament as scheduled.

4. Cleanup on aisle 68.

If we step back and survey the NCAA landscape, it quickly becomes apparent that chaos could swallow the March Madness selection process.

Here’s how: A handful of teams with at-large bids secured refuse to participate in their conference tournaments, concluding the risks far outweigh the rewards.

What if coaches become convinced that staying home gives them a better chance to test negative for seven consecutive days and make their scheduled date in Indianapolis?

It won’t happen in the Pac-12, because conference bylaws state that any team eligible for the postseason must participate in the conference tournament.

But what about other leagues?

As a hypothetical, consider the West Coast Conference.

It has one lock for the NCAAs (Gonzaga), one team in solid position (Brigham Young) and nobody else within a half-court heave of the bubble.

If Gonzaga and Brigham Young opt out of the conference tournament, it would clear a path for a third team to reach the NCAAs as the automatic qualifier.

That gamesmanship — in the WCC or elsewhere — could materialize as March arrives, unless the NCAA steps in.

Unlike its football counterpart, college basketball has a centralized governing structure: The NCAA runs the postseason,  which means it runs the sport.

It has given conferences until the end of the month to declare the process by which they will determine their automatic qualifier (i.e., regular season champion or conference tournament winner).

It cannot wait that long.

Next week, the NCAA should declare that any team opting out will result in that conference losing its automatic berth.

Don’t let the selection process turn into a sham.

5. Nothing but NET.

Based on the latest NET rankings, the Pac-12 began the weekend with three teams safely in the NCAAs, two more on the bubble and six out of contention for at-large spots.

(NET ranking prior to Saturday’s results.)

Safe: No. 17 Colorado, No. 24 USC and No. 31 UCLAIneligible: No. 41 ArizonaBubble: No. 51 Oregon and No. 53 StanfordOut: No. 107 Utah, No. 121 Arizona State, No. 126 Washington State, No. 145 Oregon State, No. 176 Cal, and No. 191 Washington

Two outcomes Saturday could alter the outlook: Colorado’s collapse against Utah, and Stanford’s close loss at ASU.

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Despite four quality wins (Alabama, UCLA and a sweep of Arizona), Stanford doesn’t possess much cushion with a No. 53 NET ranking and 2-4 record against Quadrant 1 opponents.

One or two more losses to sub-100 teams, and it could slide to the wrong side.

Meanwhile, the Buffaloes suffered what might be the worst loss of the season — by any team — given the opponent and  game circumstances:

They held a 19-point lead with 8:30 left (and the ball), at home, against a sub-.500 opponent … only to be outscored 31-9 down the stretch.

Our guess is the Buffs drop six or eight spots in the NET rankings.

While not a knockout blow to their postseason prospects, the loss greatly undercuts their margin for error, especially with a rugged upcoming schedule.

CU has back-to-back road weekends in mid-February (the Bay Area and Oregon) and plays six games against teams with equal or greater talent.

Its position, so solid for so many weeks, is now a bit wobbly.

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*** Pac-12 Hotline is not endorsed or sponsored by the Pac-12 Conference, and the views expressed herein do not necessarily reflect the views of the Conference.

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Bitcoin Lost $5,500 in Hours as the $29K CME Gap Got Filled: Is The Correction Over?

Since the opening of today’s candle, Bitcoin went on a rollercoaster, dropping around $5,500 and recovering some of it already. On its way down, BTC filled the latest CME gap at about $29,000 and jumped back above $30,000 immediately after.

This raises speculations within the crypto community if this was a necessary correction triggered by the CME gap and if it’s already over.

CME Gap At $29K Filled

The Chicago Mercantile Exchange allows institutional investors to trade bitcoin on its regulated platform that operates between certain hours within the workweek and halts trading during weekends or official holidays.

While CME closes, though, bitcoin doesn’t. The free market asset trades 24/7, even on holidays, which could lead to forming the so-called CME gaps. They could appear in either direction after the regulated exchange opens on the first working day following a weekend.

That gap could be massive on some occasions, especially after a long weekend. This is what transpired in the past several days. CME closed on Thursday, December 31st (the last working day), with BTC’s price at $29,300, and the exchange opened for trading earlier today – January 4th.

In that time, bitcoin’s price went on a tear, broke above $30,000, and painted its latest all-time high of $34,800. Even with a slight decrease to $34,000, this meant that CME opened for trading today with a BTC price gap of almost $5,000.

History shows that the primary cryptocurrency tends to close such gaps with highly volatile moves. Today was such an example as BTC dumped in value shortly after CME opened to an intraday low of $27,700.

BTCUSD CME Gaps. Source: TradingView

Interestingly, the asset’s price surged rather quickly after filling the gap and returned to north of $30,000. This raised the question if BTC’s correction is over. However, it’s worth noting that there’s another large CME gap left opened at $23,750 as the chart above shows.

Necessary Bitcoin Correction?

Despite the mentioned above 20% retracement, it’s safe to say that bitcoin has been on a bull run in the past few months. As such, the rapid price drop could actually be a somewhat expected development, although it was painful for many traders.

During the previous significant rally in 2017, BTC endured several retracements before ultimately peaking just shy of $20,000.

Some of the most notable examples came in mid-September 2017 with a 20% drop from $3,900 to $3,200 in a day, and in mid-December, BTC plummeted from $16,600 to a daily bottom of $13,500.

Title: Bitcoin Lost $5,500 in Hours as the $29K CME Gap Got Filled: Is The Correction Over?
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Published Date: Mon, 04 Jan 2021 09:31:16 +0000

Nikola Jokic ties career-high 47 factors as Nuggets wreck Utah's 11-game winning streak

The Denver Nuggets can’t help themselves. They’ve got a thing for crushing the souls of the Utah Jazz.

In the wake of last season’s historic 3-1 comeback over Utah, the Nuggets authored another compelling chapter Sunday afternoon against the hottest team in the NBA.

Nikola Jokic tied a career-high with 47 points and the Nuggets snapped Utah’s 11-game winning streak with a 128-117 win. Now 12-8 on the season, the Nuggets have a quick turnaround ahead of Monday’s matchup against Detroit.

With 1:39 remaining and Jokic’s masterpiece all-but complete, Nuggets coach Michael Malone called a timeout which meant he wasn’t going to get his chance at 50 points. Jamal Murray playfully threw the ball in Malone’s direction letting him know he felt about the decision.

“I love the fact that he’s even thinking about that, trying to get his teammate to 50,” Malone said, adding he was oblivious to the scoring landmark. “Last time Jamal scored 48, somebody else chucked the ball.”

Murray finished with 16 points, while wing Will Barton added 18 and five 3-pointers. Barton and Jokic led the 3-point onslaught that, at one point, built the Nuggets a 28-point lead. In addition to his career scoring night, Jokic added 12 rebounds and five assists.

But once Donovan Mitchell and Rudy Gobert made their run, it was JaMychal Green and Facu Campazzo who helped seal the win in the fourth, where all nine of Green’s points came.

The Nuggets appeared in complete command early in the third quarter, well on their way to a seismic win, both in significance and margin. But after taking an 86-58 lead with 8:11 left, they took their foot off the gas. The ball stopped moving on offense, and their defensive urgency around the perimeter dropped substantially.

“I always tell our guys, ‘Don’t get bored with success,'” Malone said.

The Jazz buried eight 3-pointers to close the quarter, which stole momentum and elicited numerous long stares from Denver’s bench. Denver’s droughts have tended to come off little offensive movement, which makes guarding them significantly easier. The Nuggets lost a significant factor in both facets when Gary Harris suffered a left adductor strain in the first half and was out the rest of the game.

Naturally, the Nuggets turned to their workhorse to get them out of the funk.

Jokic had 10 in the quarter alone, including six free throws, but the Jazz made it a game. Denver led just 103-91 heading into the fourth quarter following Utah’s 37-point eruption.

The Nuggets had every reason to be wary heading into Sunday’s early afternoon game. Not only had they just finished their longest road trip of the season, but the Jazz were riding a historic 3-point surge. Entering Sunday, the Jazz had hit more 3-pointers (319) through 19 games than any other team in NBA history.

“The number of shooters they have on the floor at all times is scary,” Nuggets coach Michael Malone said. “… You worry about the three. I also worry about Mitchell, Conley, Ingles, Clarkson, their ability to get into the paint and finish. You worry about Rudy Gobert at the rim. And that’s the reason that they’re the best team in the NBA right now, because they can hurt you in so many different ways.”

Across their 11-game winning streak, the Jazz averaged 18.5 3-pointers per game on over 44% shooting. Malone reinforced Utah’s ability to find the perimeter in transition, off drive-and-kick situations and in pick-and-roll actions.

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“Your defense always starts on the ball,” Malone said. “Can we sit down and guard?”

To say the Nuggets were in rhythm throughout the first half Sunday would be a severe understatement. The Nuggets didn’t miss a 3-pointer until the second quarter started. By the time the Nuggets finally trotted into halftime with a resounding 79-54, six different players had hit from outside. Led by five triples from Barton and four from Jokic, the Nuggets buried 15-of-17 3-pointers in the first half for a casual 88% from outside.

It wasn’t as if the Jazz, prolific from outside, were off the mark from the perimeter, either. They just didn’t enjoy the same torrential downpour as the Nuggets did. Utah hit 9-of-20 from deep, but the Jazz, at least early, ran into an offensive buzz-saw.

Jokic overwhelmed whichever Jazz defender attempted to slow him. If he wasn’t raining 3-pointers, then he lived in the paint, finishing everything from short looks to reverse layups. After one reverse, multiple Nuggets players on the bench put their hands on their heads in awe. He finished the half with 33 points on 17 shots, including a career-high 22 points in the first quarter.

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This Iconic Bitcoin Tweet Is Now 12 Years Old

Title: This Iconic Bitcoin Tweet Is Now 12 Years Old
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Published Date: Mon, 11 Jan 2021 10:05:06 +0000

# 244: Goff for Stafford, Arenado to St. Louis,

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AP resource: Lions trade Matthew Stafford to LA for Jared Goff, receipt selections

LOS ANGELES — The Detroit Lions are trading quarterback Matthew Stafford to the Los Angeles Rams in exchange for quarterback Jared Goff, two future first-round picks and a third-round pick, a person with knowledge of the deal tells The Associated Press.

The person spoke on condition of anonymity Saturday night because the deal has not been completed. ESPN first reported the swap, which will include the Rams’ first-round picks in 2022 and 2023, along with their third-round pick this year.

The blockbuster trade of two starting quarterbacks and former No. 1 overall draft picks will provide a change of scenery for two players who probably need it.

Stafford asked to be traded shortly after the current season ended with the Lions’ third straight double-digit losing record. He has been one of the NFL’s most prolific passers during his 12-year career spent entirely in Detroit, but has never won a playoff game.

Meanwhile, the Rams’ coaching staff and front office have publicly expressed a clear loss of confidence in Goff in recent weeks after Los Angeles earned its third playoff berth and posted its fourth straight winning record during his four years under coach Sean McVay.

Stafford, who turns 33 years old next month, has two years left on a $135 million, five-year contract.

Goff is about to begin a four-year, $135 million contract with $110 million guaranteed. He has been a steady winner since McVay’s arrival, but his high propensity for turnovers and lack of improvement over the past two seasons led McVay and general manager Les Snead to speak openly of a future without Goff in recent weeks.

The familiarity of these two franchises’ front offices likely helped the difficult deal: New Detroit general manager Brad Holmes just left his job as the Rams’ director of college scouting under Snead.

Goff was the last first-round pick made by the Rams back in 2017. Snead has now traded away his top pick or moved back in seven consecutive drafts.


AP Sports Writer Larry Lage in Detroit contributed to this report.

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KardiaChain CTO on bringing the whole Vietnamese population onto the blockchain, crypto predictions and more

CryptoSlate recently had the opportunity to chat with Huy Nguyen, CTO and Co-Founder of interoperable blockchain, KardiaChain.

Before founding KardiaChain, Huy spent 10 years working at Google, building large-scale distributed infrastructure. Huy studied Electrical Engineering and Computer Science (EECS) at UC Berkeley.

In the interview, we discuss:

How Huy got into cryptoBiggest obstacles for mainstream crypto adoptionKardiaChain’s goals and objectivesThe benefits of using KardiachainVietnam and South East Asia as a blockchain hubBlockchain interoperability standardsThe partners of KardiachainControversial opinionsHuy’s crypto predictions for 2021

The post KardiaChain CTO on bringing the whole Vietnamese population onto the blockchain, crypto predictions and more appeared first on CryptoSlate.

Title: KardiaChain CTO on bringing the whole Vietnamese population onto the blockchain, crypto predictions and more
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Published Date: Tue, 12 Jan 2021 13:01:11 +0000

New York Stock Exchange company SOS plans to move into crypto mining

The Chinese-based company SOS Limited, yesterday unveiled plans to make a large investment into the crypto mining business, in order to exploit what it sees as the huge potential in crypto assets.

The company has seen the potential in setting up crypto cloud mining sites in certain areas in China where energy costs are extremely favourable. These regions, which also have cleaner energy resources, include Inner Mongolia, Sichuan, Xinjiang, and Yunnan among other areas.

With initial mining of Bitcoin and Ethereum, if the project goes as envisaged, the company hopes to expand into mining the other major cryptocurrencies. The plan is to also offer further cloud-based cryptocurrency mining services such as crypto-related security and insurance services, DeFi, self-mining and mining trusteeship.

Dr. Huazhong Yan, Vice President of Operations, has been chosen to head up this foray into crypto mining, and he will be in charge of company strategy in this sector. It is hoped that this new arm of the company will contribute to key growth in the SOS organisation.

"We expect that SOS's planned cloud based crypto mining and crypto currency security and insurance operation spearheaded by Dr. Yan, will become one of key growth drive of SOS."

SOS Chairman Yandai Wang.

Funding for the plan was raised from a Registered Direct Offering that closes around the present date. The proceeds from this offering are estimated to be in the region of $25 million. 

SOS Limited

SOS Limited, headquartered in Qingdao, China, is a ‘high-technology’ company that provides a wide offering for Emergency Rescue Services by leveraging Big Data, Cloud Computing, IOT (Internet of Things), Blockchain, and AI (Artificial Intelligence). 

SOS has put together a cloud emergency rescue service product, in the form of a SAAS (Software-as-a-service) platform. This platform caters for participants in the emergency rescue service industry, such as financial institutions, insurance companies, medical institutions, healthcare providers, and auto manufacturers among others in this industry.

The SOS company counts 22 senior project R & D managers, and more than 100 high-tech R & D personnel in its ranks. It has participated in more than 10 large-scale R & D projects, and has obtained more than 20 software copyrights.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Title: New York Stock Exchange company SOS plans to move into crypto mining
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Published Date: Thu, 14 Jan 2021 13:49:59 +0000

$1.5 Trillion stimulus package – will Bitcoin benefit?

As Joe Biden prepares to take office this coming week, he has lost no time in putting together a stimulus package in order to succour the ravaged US economy. It could be said that the $1.5 trillion package might well further boost Bitcoin, which is already hovering near its all-time highs.

A recent Reuters report gave an insight into the reasons for yet another large stimulus package. A sorely needed “jumpstart” of the economy being the primary reason, and to also provide funding for the roll-out of the Coronavirus vaccine.

The report goes on to say that Biden will announce the stimulus package this coming Thursday, although given the recent furore over Donald Trump’s fresh impeachment trial, even such a large package could well take a back seat on the political news front.

The package is thought to contain $1400 in stimulus cheques for citizens, while a “significant portion” will be aimed at minority communities, who, according to the incoming administration, have been “underserved”.

More fuel for the Bitcoin fire?

The last few weeks have seen a meteoric ascent for Bitcoin. After powering past its 2017 all-time high of $20,000, the number one cryptocurrency continued its inexorable rise and recently hit a new, all-time high of nearly $42,000 – more than double the 2017 price in only 4 short weeks.

During this time the altcoin market has also increased in value. Ethereum, the number 2 ranked cryptocurrency has had its own rapid ascent, rising from $700 to over $1300 in only 2 weeks – half the time of Bitcoin. It’s currently sitting at around $1200 but may look to challenge its own all-time high of $1400 in the near future.

Other altcoins are also rising which has led the entire Crypto Market Cap to increase in value to just over $1 trillion. 

The last time stimulus cheques were handed out, back in March of 2020, Bitcoin was at a low of $4000, as a result of the stock market crash, and the Coronavirus crisis. It could well be argued that some of that stimulus found its way into Bitcoin and other cryptocurrencies, helping to initiate the great crypto recovery.

Trump’s $900 billion relief package has finally been signed off and $600 is on the way to all Americans. Add to this the impending $1400 from the incoming Biden’s administration, and you have an extremely good reason for new money to flood into the cryptocurrency market.

With the Bitcoin bull market still in its early stages, it can only be imagined how much further this asset can go. Some commentators have estimated from $200,000 to $500,000 and higher, while the most conservative estimates see $100,000 as a top.

With a weak and sliding dollar, and most other major asset classes falling in value, it could be said that this is the time for Bitcoin to shine. Incoming stimulus and more packages envisaged for the future could certainly add to what might be an unstoppable growth.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Title: $1.5 Trillion stimulus package – will Bitcoin benefit?
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Published Date: Fri, 15 Jan 2021 15:00:31 +0000

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

[PRESS RELEASE – Please Read Disclaimer]

Hong Kong, Hong Kong, 25th January 2021, // ChainWire //

Xeno Holdings Limited ( ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub ( ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”.

Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead, each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For example, one of the largest operating marketplaces ‘Opensea’, recently recorded approximately US$120,000 in daily average trade volume and the total volume of NFT based artworks reached $US8.2 million in December 2020. This figure is 3.5 times higher than the previous record set in November 2020.

Hong Kong based Xeno Holdings has decided to initially target South Korea as a major market because of South Korea’s history of fast adoption for new technologies and the success rate for services and products based on those new technologies to gain a strong foothold in the marketplace. “We chose the South Korean market as our primary launch point to accelerate integration and expansion of the Xeno NFT Hub into various traditional industries. We are forging strong partnerships with high valued fashion brands, online games developers, and entertainment companies to build new lines of NFT products.” said the Xeno team.

Title: XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange
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Published Date: Mon, 25 Jan 2021 09:38:39 +0000

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By 2018, bitcoin was estimated by Joule to make use of 2.55 GW, while Environmental Scientific research & Innovation approximated bitcoin to consume 3.572 GW (31.29 TWh for the year). In July 2019 BBC reported bitcoin eats regarding 7 gigawatts, 0.2% of the worldwide overall, or equal to that of Switzerland. Academic research study released in the Journal of Monetary Economics wrapped up that cost control took place during the Mt Gox bitcoin burglary which the marketplace stays prone to control. The background of hacks, fraudulence as well as burglary involving bitcoin go back to at least 2011. The U.S. Commodity Futures Trading Payment has actually issued four "Customer Advisories" for bitcoin and related financial investments. A July 2018 warning emphasized that trading in any type of cryptocurrency is commonly speculative, and there is a threat of burglary from hacking, as well as fraud. Securities as well as Exchange Payment warned that financial investments involving bitcoin might have high prices of fraud, and that financiers could be solicited on social media sites websites.

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The U.S. Us senate held a hearing on online currencies in November 2013. The U.S. federal government declared that bitcoin was utilized to facilitate settlements associated with Russian disturbance in the 2016 USA elections. A main examination right into bitcoin traders was reported in May 2018. The U.S. Justice Department launched an investigation into feasible rate manipulation, consisting of the methods of spoofing and also wash trades. In 2014, Bloomberg called bitcoin among its worst investments of the year. In 2013, The Washington Article reported a case that they had 1% of all the bitcoins around at the time. In September 2019 the Central Bank of Venezuela, at the request of PDVSA, ran examinations to establish if bitcoin and ether might be held in reserve bank's books.

After the release of version 0.9, the software program bundle was relabelled Bitcoin Core to identify itself from the underlying network. Cameron and Tyler Winklevoss, the creators of the Gemini Count on Co. exchange, reported that they had reduced their paper pocketbooks right into pieces and kept them in envelopes distributed to safe down payment boxes throughout the United States. Via this system, the theft of one envelope would certainly neither permit the thief to take any bitcoins neither deny the rightful owners of their access to them. Both the personal secret as well as the address are visible in text type and also as 2D barcodes. Third-party web solutions called on-line purses provide comparable functionality however might be much easier to make use of.

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Saturday, January 30, 2021

Reason For Bitcoin’s Dump? Miners Realize Profits Since BTC Hit $42K

Bitcoin has been in somewhat of a slump over the past few days as the price doesn’t seem to be able to kick-off and reclaim the previous highs.

One possible reason for this could be the fact that bitcoin miners have been realizing profits since the price hit its all-time high at $42,000, according to the CEO of cryptocurrency analytics company CryptoQuant. Data also shows that there are many investors sitting on the sidelines, waiting for a clearer market direction.

Bitcoin in a Slump as Price Fails to Recover

Things are not looking very good for Bitcoin’s price at this point in time. It appears that its dollar value is unable to recover. The cryptocurrency crashed on January 21nd, dipping below $30K and even though it attempted to reclaim some of the previous resistance levels, it doesn’t seem able right now.

One possible reason for this could be the fact that BTC miners have been realizing profits ever since the cryptocurrency reached its ATH at $42,000. That’s according to the CEO of CryptoQuant – a crypto analytics company.

Speaking on the matter, Ki Young Ju said:

BTC Miners’ Position Index hit the 8-year high.

They’ve been moving an unusual amount of Bitcoins lately. It seems they’re continuously realizing profits since 42K.

This is one of the reasons why I keep my bearish bias.

Miners Position Index. Source: CryptoQuant

Indeed, looking at the above chart, we can see that the index is at a high that we didn’t even see when Bitcoin had its parabolic run back in 2017.

People Sitting on the Sidelines

On another note, it also appears that the amount of stablecoins sitting on exchanges right now is at an all-time high. According to CryptoQuant, there’s around $4.16 billion in stablecoins that’s on the sidelines.

All #Stablecoins reserve for all exchanges just hit the all-time high.

Chart 👉

— (@cryptoquant_com) January 26, 2021

As CryptoPotato reported earlier today, this was yet another black Monday on the cryptocurrency market as almost all large-cap coins are painted in red. When it comes to Bitcoin, the first level of resistance at the current rate lies at around $32,500, followed by the bearish .382 Fibonacci level of $33,100. On the other hand, if the price starts to trend towards the downside, the first level of support would be $31,000.

Title: Reason For Bitcoin’s Dump? Miners Realize Profits Since BTC Hit $42K
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Published Date: Tue, 26 Jan 2021 12:56:10 +0000

Rating the Full Week: Jerami Grant is taking a lot more shots in Detroit-- and also a lot even more L's.

Jerami Grant is getting exactly what he wanted in Detroit.

Starter’s minutes? Check. A bigger role? As big as they come. More shots? All you can handle, bro.

Oh yeah, and he’s taking a whole lot of L’s, too.

Jerami Grant — B

We finally have an answer to the question nobody thought to ask until a couple of months ago:

How good can an NBA team be with Jerami Grant as its No. 1 option on offense? If the first quarter of the 2020-21 season is any indication, among the worst in the NBA.

The former Nuggets sixth man is averaging career highs in minutes (36.1), shots (17.8), points (23.8), rebounds (6.2) and assists (2.9) per game, in addition to his best PER (20.2). He’s also on pace to lose more games (53) than at any point since he left The Process in Philadelphia near the start of the 2016-17 season. And this in a shortened season.

To be fair, the Pistons’ current 5-14 record is actually three wins worse than their expected record (projected win-loss based off team statistics). So, they should be 23rd out of 30 NBA teams in terms of winning percentage rather than their current 28th.

De-Troit Basketball has also undergone something of a renaissance during the past five days, submitting its first potential winning week of the season (2-1), featuring wins over the 76ers and Lakers. Oddly enough, that also coincided with a decline in shots for Grant, whose 40 attempts constitute his fewest over any three-game stretch this season.

The staff inside the Grading the Week offices were more than a little skeptical of Grant’s decision to leave the Mile High City for Motown this offseason. Why ditch a title contender for a team that, under the best of circumstances, would be fighting just to make the playoffs? Especially when said contender is offering the same money?

There’s little doubt the Nuggets erred in giving too many of Grant’s minutes to Paul Millsap last season. The all-star numbers Grant has produced this season prove as much.

There’s also little doubt his role with the Nuggets would’ve grown from one year to the next.

Sure, he never would’ve been the marquee star at Ball Arena. But at least he would be playing in late April every spring, rather than booking a trip to Cancun.

Baseball Hall of Fame voters — F

Hell hath no fury like a baseball writer scorned.

Thanks to the stiff, stuffy and stodgy morality police inside the Baseball Writers’ Association of America, we won’t be adding anyone to the National Baseball Hall of Fame this year. (Except, of course, the guys voted in last year, whose ceremony was canceled by COVID.)

This despite the fact one of the greatest outfielders of all-time (Barry Bonds) is on the ballot, as well as the greatest starting pitcher of his era (Roger Clemens) and one of the best big-game pitchers of any era (Curt Schilling).

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Sure, the former two were suspected PED users in the latter halves of their careers (after, we’ll remind you, they’d already won multiple awards). And, yes, Schilling is a noted jerk who occasionally tweets awful things.

But all three were also exceptional players whose careers helped define an era of baseball.

As The Post’s Kyle Newman correctly pointed out earlier this week, there are plenty of terrible people already enshrined in the Hall of Fame.

The one thing they all have in common: They were all great baseball players.

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PHOTOGRAPHES: A look back at Nolan Arenado's career along with the Colorado Rockies

Nolan Arenado’s golden era in Colorado is over.

The Rockies’ slugging, five-time, all-star third baseman is going to be traded to the St. Louis Cardinals, a source close to the negotiations confirmed Friday night. Details are still emerging, but according to Ken Rosenthal of The Athletic, who broke the story, the Rockies will send around $50 million to the Cardinals in the deal.

Click here to read the full story.

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PICTURE: X Games Aspen 2021

X Games Aspen 2021 kicked off at Buttermilk Mountain on Friday, January 29, 2021.

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CFTC Hires Another Crypto-Friendly Personnel

Jason Somensatto, a lawyer and former senior legal counsel of the Ethereum-based decentralized exchange protocol – Ox (ZRX), announced on Twitter that he is joining the U.S. Commodity Futures Trading Commission (CFTC).

“A bit of news: This is my last week with @0xProject. I’m so grateful to have worked with such a smart and kind group of people. I will be joining @CFTC as policy and tech specialist for LabCFTC to build a deeper understanding of how crypto/fintech intersects with regulation.”

Blockchain Lawyer Par Excellence

Somensatto is one of the most well-regarded lawyers in the blockchain and cryptocurrency space. He first wrote about the crypto market in 2014 and joined 0x in the company's early days. In 0x, he developed the DEX’s legal and policy strategy. Before entering the crypto space, he worked in different private firms and represented clients under investigation by the SEC. As per his tweet, Somensatto will serve as policy and technology specialist at LabCFTC.

Twitter Reacts To The Appointment

Will Warren, 0x Project Co-Founder:

“There is no one more qualified to lead the CFTC’s efforts to promote responsible crypto innovation in the US and the entire space will benefit from the experience and judgement you bring to your new role!”

JP Schnapper-Casteras, Managing Partner, Schnapper-Casteras PLLC:

“This is seriously a boon for the CFTC and interagency”

Rui Zhang, Legal Counsel at 0x Project:

“It has been a great privilege working with you for the past 2 years. You will be missed a lot at 0x. Really excited for your new role at CFTC as we all believe that you'll make great impact on the industry.”

US Regulators Becoming More Crypto Literate Than Ever

A few days back, news came out that with Heath Tarbert stepping down as Chair of the CFTC, Chris Brummer has emerged as the leading candidate to usurp the throne. Brummer is known for his research work on digital technology, international finance, and cryptocurrencies.

Plus, Gary Gensler - an MIT blockchain professor - seems to be a front-runner in becoming the next chair of the US Securities and Commission (SEC). It will be interesting to see how US regulations towards cryptocurrencies change in the future.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Title: CFTC Hires Another Crypto-Friendly Personnel
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Published Date: Wed, 27 Jan 2021 10:43:30 +0000

Blockchain Platform Telos Launches Crypto Tokens That Act Like Treasurys

The "T-Bond" non-fungible tokens will allow cryptocurrency projects to sell tokens that are locked until maturity conditions are met.Title: Blockchain Platform Telos Launches Crypto Tokens That Act Like Treasurys
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Published Date: Mon, 04 Jan 2021 09:30:48 +0000

Digital asset marketplace Bakkt to become a publicly traded company

Title: Digital asset marketplace Bakkt to become a publicly traded company
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Published Date: Mon, 11 Jan 2021 10:05:03 +0000

Friday, January 29, 2021

Mountain Ranges Insider: Nolan Arenado takes lengthy rides to the Annexus Pro-Am at the Waste Monitoring Phoenix Metro Open

Rockies all-star third baseman Nolan Arenado will take a break from his offseason work in the cage to tee it up in the Annexus Pro-Am at the Waste Management Phoenix Open next week.

Arenado will be one of four major leaguers playing at TPC Scottsdale’s Stadium Course on Wednesday, along with Phillies reliever Archie Bradley, Diamondbacks starting pitcher Zac Gallen and retired outfielder Shane Victorino.

In 2019, Arenado played in the Pro-Am at the Genesis Open in Pacific Palisades, Calif., where he was paired up with pro Tony Finau.

“I was a little nervous, I ain’t gonna lie,” Arenado recalled back then. “But the first tee, I hit it in the fairway, so I was okay after that. I was a little nervous I was going to swing and miss. I thought I was good until I saw those pros, and I was a little bit far behind on them, but it was a lot of fun.”

What does a baseball player's golf swing look like?

4x @MLB All-Star Nolan Arenado shows off his game @GenesisOpen. #LiveUnderPar

— PGA TOUR (@PGATOUR) February 14, 2019

Arenado, who routinely bombs his drives well beyond 300 yards, plays in his own offseason golf “tour” with friends. And according to Bill Geivett — the Rockies’ former senior vice president of MLB operations and assistant GM who played golf with Arenado early in his big-league career — the third baseman has a “great feel” on the links.

“Some of the things you see in his baseball swing, you see in his golf swing,” Geivett told Colorado Avid Golfer in 2014. “He can hit the ball a long way and when he hits the middle of the club face, it definitely looks like a guy who’s an upper-end player.”

Harry How, Getty ImagesNolan Arenado of the Colorado Rockies plays a third shot from the bunker on the second hole during the Pro-Am at the Genesis Open on Feb. 13, 2019 in Pacific Palisades, California.

— Kyle Newman, The Denver Post

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Get in Touch

If you see something that’s cause for question or have a comment, thought or suggestion, email me at or tweet me @beetbailey.

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Choose 6: Chances Matthew Stafford conjoins the Broncos, Aaron Rodgers will certainly play for the Raiders, CU Buffs win March Madness

Could Matthew Stafford be the next starting quarterback for the Broncos? The chances are real good, according to one oddsmaker.

The odds are +300 — meaning a $100 bet would win $300 — for Stafford’s next team to be Denver, according to It’s the best odds of the 31 teams listed.

Not every oddsmaker think it’s a lock. has Stafford at +600 to come to Denver, the fourth-best odds behind the 49ers (+150), Colts (+325) and Patriots (+500).

RELATED: Broncos Journal: Making run at Matthew Stafford makes no sense for rebuilding team>

He might be the only new quarterback coming to the AFC West. Green Bay’s Aaron Rodgers sits at +1,200 to join the Raiders, according to Bovada. But breathe easy, Denver fans — Las Vegas is tied for the worst odds of the seven teams listed.

Here’s a look at some of the current odds in the world of sports.


The odds Lions quarterback Matthew Stafford’s next team will be the Broncos, according to Denver is the favorite, followed by the Colts (+400) and Washington (+500).


The odds Green Bay quarterback Aaron Rodgers will play Game 1 of the 2021 NFL season with the Raiders, according to Bovada. The Packers (-550) are favored. The Broncos were not among the seven teams listed.

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The odds the Colorado Buffaloes men’s basketball team will win the NCAA Tournament, according to Bovada. They are the 25th favorites. Gonzaga (+275) is favored, followed by Baylor (+400) and Michigan (+800).


The odds Nuggets center Nikola Jokic will be the NBA MVP, according to Dallas’ Luka Doncic (+400) is favored, followed by Bucks forward Giannis Antetokounmpo (+550).


The odds the Broncos will be the next team Houston quarterback DeShaun Watson takes a snap for, according to BetMGM. Denver is tied for fourth favorite behind the Texans (+130), Jets (+300) and Dolphins (+350).


The odds Avalanche defenseman Cale Makar will win the 2021 Hart Memorial Trophy, according to Edmonton’s Connor McDavid (+350) is the favorite, followed by Colorado center Nathan MacKinnon (+500).

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Report: Nolan Arenado field consult with Cardinals heating up again

The trade rumors regarding Rockies star third baseman Nolan Arenado are percolating again.

Ken Rosenthal of The Athletic reported late Thursday night that the St. Louis Cardinals are in discussions with Colorado about a possible trade. No deal appears close, Rosenthal reported, and the other players who might be involved are not known.

A major league source told The Denver Post Thursday night that a deal is “not nearly close,” adding that the Atlanta Braves also might be interested in Arenado.

The third baseman, a five-time all-star who’s won eight consecutive Gold Glove Awards, four Platinum Glove Awards and four Silver Sluggers, has a no-trade clause in his contract. However, the Cardinals’ rich history and commitment to winning might be enough to entice Arenado to waive the no-trade clause.

Prior to the 2019 season — after the Rockies had qualified for the playoffs in back-to-back seasons for the first time in their history — Arenado signed an eight-year, $260 million deal. The contract allows Arenado to opt out after the 2021 season.

The coronavirus pandemic, however, dramatically changed baseball’s financial landscape and could alter Arenado’s decision to opt out. He’s still owed $199 million over the last six years of his contract, money he likely wouldn’t be able to make on the open market now. Plus, his huge contract would be difficult for a team to absorb. For a deal to work, with the Cardinals or any other club, Colorado would very likely have to take on the contract of at least one high-priced veteran, in addition to receiving prospects.

It’s no secret that Arenado has a rocky relationship with Rockies general manager Jeff Bridich.

Frustrated by the Rockies’ 71-win season in 2019, Arenado met with Bridich shortly after the season ended and said he believed the team needed to make aggressive moves in the offseason in order to improve. Although Arenado has declined to talk publicly about the specific details of his deteriorating relationship with Bridich, multiple sources told The Post that Arenado feels like “promises were broken.”

The feud between Arenado and Bridich became public in January 2020 when Bridich told The Denver Post he was putting the brakes on any trade talk involving Arenado. Teams that had shown interest in a possible trade included the Cardinals, Chicago Cubs, Atlanta Braves and Texas Rangers.

“With the season coming up and spring training on the horizon, we are going to start focusing on that,” Bridich told The Post.

Shortly after the story broke, Arenado responded, saying he felt “disrespected” by Bridich.

“I really don’t care what’s being said. I just know that I feel disrespected over there,” he said, adding, “I’m not upset at the trade rumors. There’s more to this than that.”

The “more to this” comment refers to the way he views he has been treated by Bridich. Multiple sources said Arenado was hurt and offended when Bridich questioned Arenado’s leadership.

Arenado has long maintained that he wants to play for a team that will consistently compete for a playoff berth and a chance to win the World Series. During Arenado’s eight years in Colorado, the Rockies had just two winnings seasons — in 2017-18 — but never advancing beyond the National League division series.

“The opportunity to play in October every year is what I want,” he told The Denver Post in January 2018. “I want a team that tries as hard as it can to make the playoffs every year.”

Arenado stressed that he does not want his career to play out as Todd Helton’s did. The iconic Helton played in Colorado for 17 seasons, became the beloved face of the franchise, had his number retired and might end up in the Hall of Fame. But Helton’s Rockies qualified for the playoff just twice, in 2007 and 2009.

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“There is something to be said for being with an organization for your whole career, I definitely believe in that,” Arenado said. “I admired Todd and I admired (Yankees Hall of Famer) Derek Jeter; guys who stick with one team their whole career. So I have a lot of respect for what Todd did. But at the end of the day, I don’t want to be in Todd’s shoes where I only go to the playoffs twice in my career.”

Arenado, hampered by a bruised left shoulder, is coming off the worst season of his career. He hit just .253 with a .738 OPS, far below his career mark of .890. Usually one of the best clutch hitters in the game, Arenado’s average with runners in scoring position plummeted to .175, down from his career average of .323. He finished the season on the injured list but his shoulder has fully healed.

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PayPal’s new crypto unit just traded over $240 million in a single day

The division launched last year after PayPal made a big push for building out and expanding its crypto business.

PayPal’s growing volumes

Paypal’s new crypto exchange traded north of $242 million in a single day on Monday, data from itBit, the firm’s exchange partner, showed.

Retail has arrived. @PayPal cleared $242M in crypto sales yesterday. That's nearly double the previous record. ??✅ #Bitcoin #Ethereum #BullMarket

— Alex Saunders ???‍? (@AlexSaundersAU) January 12, 2021

The American fintech player’s crypto business launched in November last year after demand for the crypto sector heated up among the traditional finance circles. It even said at the time that in early 2021 (i.e. now), the company would further plan to let customers use crypto to pay for items from its network of 26 million retailers.

For now, its exchange business is booming. Data from itBit—the Paxos-owned firm which processes PayPal’s trades—showed over $242 million in trading volume yesterday. The volume was a new high for the exchange, whose previous high was a $128 million volume on January 6.

The figures came as Bitcoin plummeted over 22% on Monday in a panic drop. The rest of the crypto market took a similar hit as well, with several coins dropping by similar percentages.

Meanwhile, it is unknown if the figures related to crypto purchases or sales, as itBit did not make that data available. PayPal made no comment with regard to the volumes, but it showed that the firm’s crypto business is one that attracted huge demand.

Record high liquidations

Yesterday’s drop in the crypto market registered some of the biggest liquidations to date, with nearly $3 billion going up in smokes, data from tracking app Bybt showed.

Of that $2.5 billion in “long” positions got the liquidation hammer, with $988 million getting liquidated on Binance. $406 million in “short” positions suffered as well, likely as a result of the choppy price action that followed.

Liquidations are a security feature put in place by exchanges to prevent their losses from reaching big levels. They are predetermined price levels that are developed to protect both traders and dealers from incurring significant losses beyond a specified point.

These, however, do not apply to spot positions. Instead, “margin” or “futures” traders, who borrow capital to buffer up their gains (taking on more risk, in turn) bear the brunt of such a process.

And the $3 billion in liquidations show—it can be an expensive affair indeed.

The post PayPal’s new crypto unit just traded over $240 million in a single day appeared first on CryptoSlate.

Title: PayPal’s new crypto unit just traded over $240 million in a single day
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Published Date: Tue, 12 Jan 2021 13:01:08 +0000

2021 QB Carousel Contest

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Tether (USDT) January 15th Deadline on iFinex Case: Everything You Need to Know

Many in the cryptocurrency field have recently discussed the upcoming January 15th date as an important consideration for the ongoing case between the office of the New York Attorney General (NYAG) and iFinex, the parent company of Bitfinex and Tether.

With this in mind, below is a comprehensive summary of what happened and what to expect on this date.

The NYAG v. iFinex Case: What Happened?

Back in April 2019, the office of the New York Attorney General alleged that the popular cryptocurrency exchange Bitfinex lost $850 million and then used funds from its affiliated stablecoin operator Tether (the company that issues USDT) to cover the shortfall.

As CryptoPotato reported, later on, Tether issued a statement through a blog post which said that the allegations were written in “bad faith” and were also “riddled with false assertions.”

In May 2019, Judge Joel Cohen granted a partial stay on the NYAG office’s request for documents from the two companies until their hearing takes place on July 29th. During that hearing, the judge on the case, Joel Cohen, decided to extend the preliminary injunction as he was not ready to make a final decision on whether the case should go forward or be dismissed. Hence, he extended that injunction by 90 days.

In August, however, the NYAG presented new evidence on the case, alleging that apart from covering up the $850 million, Bitfinex and Tether had served New York customers for longer than they claimed. In part, the document stated:

The OAG has uncovered substantial ties between Respondents and New York concerning Respondents’ corporate operations; trading on the Bitfinex platform; the issuance, redemption, and trading of tethers; use of financial institutions to move money and process customer deposits and withdrawals; and representations to the market that might have been misleading.

Essentially, the NYAG also attacked Bitfinex’s LEO initial exchange offering, claiming that it “has every indicia of a securities issuance subject to the Martin Act, and there is reason to believe that the issuance is related to the matters under investigation,” meaning the alleged cover-up.

Additionally, the NYAG called iFinex’s motion to dismiss “an improper attempt to impede a lawful investigation.”

The Order to Turn in Documents

In September 2020, Judge Cohen ruled that Bitfinex and Tether must turn over documents detailing their financial relationship and history to the NYAG’s office. In addition to that, he also extended an injunction that barred Tether from loaning funds to Bitfinex by 90 more days.

However, on December 9th, 2020, Letitia James, the Attorney General, filed a document, asking Justice Cohen to extend the deadline to January 15th, 2021. James said that “the parties continue to cooperate on the production of documents in response to the 354 Order, and anticipate that the production could be finalized in the coming weeks.”

Why the January 15th Deadline is Important?

With this, we arrive at the time of this writing and the importance of the January 15th deadline. There are a few reasons for which this is a critical point in this case. First, it requires that iFinex produces the necessary information for the NYAG to continue its investigation and to further substantiate the merits of its claims.

And perhaps what’s even more important, however, is the nature of the documentation. In essence, iFinex has to produce materials on the process by which they determine whether, when, and how to issue and redeem tethers, banks, documents, and communications regarding specific issuances and redemptions, as well as trading activity on the Bitfinex trading platform regarding tethers and bitcoin.

This is a landmark case for the entire cryptocurrency space as USDT is the most popular and biggest stablecoin on the market. The company issuing it has been involved in many scandals in the past, with many questioning the fact that it’s actually backed by USD.

Title: Tether (USDT) January 15th Deadline on iFinex Case: Everything You Need to Know
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Published Date: Thu, 14 Jan 2021 13:49:45 +0000

38773.02 Emerges as BTC/USD Resistance Before Pullback: Sally Ho's Technical Analysis 15 January 2021 BTC

Bitcoin (BTC/USD) moved lower early in today’s North American session as the pair depreciated to the 37146.46 area after trading as high as the 39697.00 level during the Asian session, with the intraday high stopping short of testing psychological resistance around the 40000 figure, and technical resistance around the 40436.48 area.  During the pullback of BTC/USD, traders tested the 37115.61 area, representing the 61.8% retracement of the depreciating range from 41452.12 to 30100.00.  If the intraday depreciation continues, possible areas of short-term technical support include the 36991.5036849.9736767.9736604.5136485.1436248.0136075.89, and 35951.08 levels.  Following the pair’s recent new lifetime high around the 41986.37 area, selling pressureintensified around the 41452.12 and 40164.67 areas.  Stops were elected below a variety of downside retracement levels during the recent acute pullback, including the 38159.9137249.2536226.4735900.7935784.7335454.7532988.0732663.1432135.9831948.12, and 31414.00 levels. Following this ongoing depreciation, additional areas of potential technical support include the 29783.1929093.1928847.3128148.19, and 27421.33 levels. 

During the recent move higher, Stops were recently elected above a series of additional upside price objectives, including the 40517.8040667.7640991.444120041267.10, and 41489.74 levelsStops were recently elected above the 35943.7336480.83, and 36854.45 areas as well, upside price objectives related to previous buying pressure around the 1758016200, and 9819.83 levels and the sell-off intensified below these areas during the recent depreciation.   If BTC/USD is able to extend recent gains to the upside, additional upside price objectives include the 42309.0142701.9142803.5343447.48, and 43617.07 levels.   Traders are observing that the 50-bar MA (4-hourly) is bullishly indicating above the 100-bar MA (4-hourly) and above the 200-bar MA (4-hourly).   Also, the 50-bar MA (hourly) is bullishly indicating above the 100-bar MA (hourly) and above the 200-bar MA (hourly).

Price activity is nearest the 50-bar MA (4-hourly) at 37620.01 and the 200-bar MA (Hourly) at 37621.22.

Technical Support is expected around 29783.19/ 29093.19/ 28847.31 with Stops expected below.

Technical Resistance is expected around 42309.01/ 42701.91/ 42803.53 with Stops expected above.  

On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bullishly above MACDAverage.

On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage.                                                                                                                                                   


Disclaimer: This trading analysis is provided by a third party, and for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

Title: 38773.02 Emerges as BTC/USD Resistance Before Pullback: Sally Ho's Technical Analysis 15 January 2021 BTC
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Published Date: Fri, 15 Jan 2021 15:00:29 +0000

Bitmain Saga Over: Jihan Wu Steps Down as CEO

​Bitmain co-founder Jihan Wu officially announced his resignation in a signed statement published on Tuesday.An excerpt from Wu’s cryptographic message reads: “The disagreement between Micree and myself, the two co-founders of Bitmain, has been finally settled in an amicable and, more importantly, a constructive manner.”As part of the settlement, fellow co-founder and rival Micree Zhan bought out Wu’s ownership equity valued at $600 million.According to Wu’s statement, two-third of that sum ($400 million) was raised via a loan from the company. The development confirms earlier reports from news sources in China saying the Bitmain power tussle saga was close to its conclusion in an amicable settlement between the parties.The  Bitmain saga began in 2019, with the co-founders initially forced to step down. Wu later returned to the scene and attempted to boot Zhan from the company.At the zenith of the squabble, Zhan reportedly stormed Bitmain’s office in Beijing with private guards.Wu’s exit also sees him gain full control of Bitmain’s mining establishments outside China. Bitdeer now becomes a separate entity from the popular crypto mining maker and oversees mining interests in Norway and the U.S.Zhan will be left in charge of the Antpool mining pool as well as Bitmain’s mining activities in China. Zhan also heads Bitmain’s artificial intelligence (AI) enterprise.Despite his exit, Wu will still have powers to nominate two people into Bitmain’s five-person board in the lead up to the company’s latest attempt at an initial public offering.Commenting on Bitmain’s structure moving forward, Wu noted: “Through the above-mentioned arrangement, Bitmain’s business model will be highly streamlined, which will make it much easier to go for an IPO.”Bitmain’s first initial public offering (IPO) filing in Hong Kong fell through in 2018 following disapproval from the Hong Kong Exchanges and Clearing Limited (HKEX). The bitcoin mining giant revived plans for another IPO later in 2019 in the U.S.Wu’s official exit is also coming at the time of severe miner scarcity occasioned by the global semiconductor shortage. The company’s line of crypto mining rigs is currently sold out through August 2021.Title: Bitmain Saga Over: Jihan Wu Steps Down as CEO
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Published Date: Tue, 26 Jan 2021 12:56:07 +0000

Bitcoin is Dead Narrative Weakens as BTC Obituaries Decline 70% in 2020

The “Bitcoin is dead” narrative has received the support of many naysayers and doubters over the years, especially in times when the cryptocurrency’s price has fallen sharply. So far, the hundreds of such assumptions have turned out to be wrong, and recent statistics showed that the number of doubters dropped significantly in 2020, as the asset price exploded to new highs.

Bitcoin Obituaries Plummeted In 2020

With the emergence of an entirely new investment opportunity called Bitcoin over a decade ago, most people were either neglectful or skeptical about its existence and future success. As such, they began questioning its presence and started predicting its death.

This led to the creation of a designated website that follows such obituaries. It reads that there have been 395 such proclamations, with the first one being in 2010.

Interestingly, 2017 turned out to be the year with the most reported “Bitcoin is dead” claims (124) when the asset exploded to an all-time high at the time of nearly $2020. During the following year, when BTC actually retraced heavily to below $4,000, the obituaries declined to 93.

Since then, they have kept decreasing, and a recent report said that 2020 saw the least amount of such claims since 2012. The obituaries were just 13 – a decline of 68% from the previous year.

Correlation With Price, Adoption, And Fundamentals

2020 was a challenging year for various financial fields, including the cryptocurrency space. That was even more evident during the first quarter when the COVID-19-induced pressure plummeted BTC’s price by more than 50% in a day.

However, the primary cryptocurrency not only endured but ultimately thrived by the end of the year. It saw the start of institutional adoption with the entrance of names such as Paul Tudor Jones, One Asset River Management, MassMutual, MicroStrategy, and more.

The growing demand pushed the asset price to unseen highs, and BTC managed to break above $20,000 for the first time and neared $30,000 by the year’s end.

Unlike the previous such bull cycle in 2017, when the obituaries reached an ATH as well, the situation differed this time. Apart from the aforementioned adoption from large institutions, the asset’s fundamentals and network strength were significantly more solid.

This included all-time highs for the hash rate and the mining difficulty, suggesting that more miners have put their computational devices to work on the BTC network, daily active addresses, and other on-chain indicators.

Title: Bitcoin is Dead Narrative Weakens as BTC Obituaries Decline 70% in 2020
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Published Date: Wed, 27 Jan 2021 10:43:20 +0000

Thursday, January 28, 2021

Nuggets' Gary Harris satisfying train Michael Malone's loyalty: "He stuck with me"

Nobody has Gary Harris’ back like Nuggets coach Michael Malone.

“Gary Harris is a guy that so many people have been down on,” Malone said in the aftermath of Denver’s 109-82 win over Miami, extending their winning streak to five. “I’ve been with Gary for six years now. Gary Harris has a lot to do with me still being the head coach here. I believe in Gary Harris.”

Consider Malone’s remark a referendum on Harris’ defense, the example he sets in the locker room and the poise he’s maintained through injuries and extended shooting struggles.

But recently, Harris’ offense has turned a corner.

In his last eight games entering Wednesday, the seventh-year shooting guard was shooting 47.5% from 3-point range. Against the Heat, though he finished with just seven points, Harris tallied a season-high seven assists to aid the surging offense.

When Harris was asked specifically about his shooting streak, a smile crept across his face.

“I’m the same person I’ve always been,” he said. “A few shots are falling, that’s it.”

Behind the scenes, Malone has stayed in Harris’ ear, encouraging him to keep firing. Malone knows his team is better when Harris is aggressive, when he’s probing, when he’s hunting his offense.

“Coach, he was the first one to give me a chance to play,” Harris said. “He stuck with me. It’s all love and respect.”

During his well-documented shooting struggles, Harris prided himself on playing with the same effort regardless of whether his shot was dropping.

“Still be me,” he said. “That’s all I can be.”

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And the reason why Malone never publicly wavered on his support was because of how valuable Harris has been to Denver’s defense.

Since January 3rd, the Nuggets have lost three games. Their 10 wins in that time are a direct result of their defense, which ranks 5th in the NBA over that time span.

“We’re just helping each other out,” Harris said. “We’re flying around. It’s not perfect, but we’re giving it effort.”

Gary Harris' defensive effort is ridiculous.

— Mike Singer (@msinger) January 28, 2021

It’s taken less than a month for Nuggets newcomer JaMychal Green to learn he had a kindred spirit in Harris.

“Never knew how much he cared until coming to the team,” said Green, when asked about Harris’ approach to the less-heralded side of basketball.

Harris, whose dogged defensive effort is a trait his teammates have long admired, harassed Heat sniper Duncan Robinson into a miserable 3-of-11 shooting night, including just 2-of-10 from 3-point range. Robinson entered Wednesday shooting over 40% from 3-point range.

Over Denver’s current five-game winning streak, Harris has hounded everyone from Phoenix’s Devin Booker, to Dallas’ Luka Doncic, to Robinson, the latest threat.

“The one thing that I love about Gary Harris is that every night, he doesn’t complain,” Malone said. “He embraces the challenge of guarding the other team’s best weapon. And that’s every single game that we play.”

There was perhaps no better example of Harris’ defensive will than six minutes into the first quarter Wednesday night. After Heat center Bam Adebayo corralled an offensive rebound, he handed the ball to Robinson at the top of the arc. Despite Adebayo’s screen, Harris launched himself and swiped down into Robinson’s shooting pocket. It turned into one of 15 3-point misses the Heat had in the first quarter.

“Gary accepts that challenge, embraces it and goes out there and tries to be a disruptive force, getting into guys, taking away their air space, taking away their separation and just trying to make life difficult,” Malone said.

Harris’ suffocating defense has never been in doubt. And neither has Malone’s loyalty to the longest tenured Nugget on the roster.

“I thought Gary was phenomenal tonight,” Malone said.

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Kai Jones to the Nuggets? NBA mock receipt possesses Texas power ahead relating to Denver.

The NBA season is barely a month old, but it’s not too early to take a look at who the Nuggets could wind up with in the 2021 NBA draft.

In his latest NBA mock draft, Sports Illustrated’s Jeremy Woo has Texas forward Kai Jones coming to Denver with the No. 22 overall pick.

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“While his offensive impact has been sporadic, Jones is a fascinating athlete and late-blooming prospect who’s starting to piece some things together this season. As a long, mobile big who’s flashed the ability to shoot threes and put the ball on the floor — and someone who picked up the game late — Jones is an undeniably fascinating project. He moves incredibly well for his size, but his talent manifests much more in splash plays than on a consistent basis.”

The 6-foot-11, 220-pound sophomore is averaging 9 points and 5.2 rebounds for the Longhorns through 13 games this year.

Woo added: “Scouts I’ve spoken with aren’t all the way there yet — Jones’s lack of physicality and limited basketball IQ are still holdups.”

Oklahoma State guard Cade Cunningham was the No. 1 overall pick, going to the Pistons.

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Bitcoin Crashing 28% To $30K: Can The Bloodbath Stop Here? (BTC Price Analysis)

Title: Bitcoin Crashing 28% To $30K: Can The Bloodbath Stop Here? (BTC Price Analysis)
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Published Date: Mon, 11 Jan 2021 10:04:59 +0000

Super Bowl LV, Economically

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Massive CRYPTO Adoption: Grayscale, PayPal and Coinbase Hitting RECORD Numbers!

Title: Massive CRYPTO Adoption: Grayscale, PayPal and Coinbase Hitting RECORD Numbers!
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Published Date: Tue, 12 Jan 2021 13:00:54 +0000

# 243: Super Bowl Financials, Gamestopping the Mets, BBHOF Recap, Staying MLB Freelance

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Polkadot Price Analysis: DOT Surges 40% to a New ATH, Becoming the 5th Largest Cryptocurrency

DOT/USD – DOT Setting Fresh ATH Above $11.

Key Support Levels: $12, $11.60, $11. Key Resistance Levels: $13, $13.37, $14.08.

DOT started to surge higher toward the end of 2020 when it bounced from support at $4.50 (100-days EMA) to reach $9.65 by the end of the year. In 2021, it struggled to break resistance around $10.20 for the first week of January and eventually rolled over earlier this week to drop into the $8.00 support.

From there, the cryptocurrency rebounded yesterday as it broke above $10 to meet the resistance at $10.95 (1.272 Fib Extension). Today, the price hike continued as DOT surged past $12 to reach $12.72.

DOT/USD Daily Chart. Source: TradingView

DOT-USD Short Term Price Prediction

Looking ahead, if the buyers break $13, the first level of resistance lies at $13.37 (1.272 Fib Extension). This is followed by $14.08 (1.414 Fib Extension), $15.10 (1.618 Fib extension), and $15.70 (1.414 Fib Extension – blue).

On the other side, the first level of support lies at $12. This is followed by $11.60, $11, and $10. Beneath $10, added support is found at $9.65 (.382 Fib), $9.00, and $8.67 (.5 Fib).

The RSI is approaching overbought conditions but still has room to allow the market to push higher before becoming extremely overbought.

DOT/BTC – Bulls Break December Highs At 32,900 SAT.

Key Support Levels: 32,900 SAT, 30,000 SAT, 27,400 SAT. Key Resistance Levels: 35,000 SAT, 37,500 SAT, 39,225 SAT.

Against Bitcoin, DOT also rebounded toward the end of 2020 after reversing from 20,000 SAT to reach as high as 32,900 SAT (bearish .382 Fib Retracement). DOT could not pass this resistance in early-January, which resulted in the coin falling as low as 21,120 SAT (.786 Fib Retracement) this week.

From there, DOT rebounded and started to push higher from Tuesday. Today, it continued above the 30,000 SAT mark and pushed above the December resistance at 32,900 SAT to reach 33,400 SAT.

DOT/BTC Daily Chart. Source: TradingView

DOT-BTC Short Term Price Prediction

Looking ahead, if the buyers continue upward, the first level of resistance lies at 35,000 SAT. This is followed by 37,500 SAT (bearish .5 Fib), 39,225 SAT (1.414 Fib Extension), and 42,130 SAT (bearish .618 Fib Retracement).

On the other side, the first level of support lies at 32,900 SAT. This is followed by 30,000 SAT (100-days EMA & .236 Fib), 27,400 SAT (.382 Fib), and 25,565 SAT (.5 Fib).

The RSI is also pushing higher but is still not yet overbought. Additionally, the Stochastic RSI only recently produced a bullish crossover signal and has room to continue much higher.

Title: Polkadot Price Analysis: DOT Surges 40% to a New ATH, Becoming the 5th Largest Cryptocurrency
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Published Date: Thu, 14 Jan 2021 13:49:41 +0000

ETH/USD Tests 1255.46 Technical Resistance: Sally Ho's Technical Analysis 15 January 2021 ETH

Ethereum (ETH/USD) drifted lower early in today’s North American session as the pair came off to the 1193.55 area after trading as high as the 1255.59 level during the Asian session, with the intraday high representing a test of the 78.6% retracement of the recent depreciating range from 1350.88 to 905.00.  Traders drove ETH/USD as low as the 1174.06 area during the European session, with that intraday low representing a test of the 50% retracement of the recent appreciating range from 1058.32 to 1291.94.  An important technical level that chartists are watching is the 37249.25 area, representing the 23.6% retracement of a broader appreciating range from 21913.84 to 41986.37.  If ETH/USD is able to extend its recent comeback further, some immediate area of potential technical resistance include the 1381.031439.981582.86, and 1665.31 areas.  If ETH/USD weakens and returns to its pullback lowerdownside retracement areas and additional levels of potential technical support include the 976.37954.16941.22917.03915.48902.24895.33869.22860.69856.83844.44831.94828.97812.73783.02770.03763.66750.28745.01, and 723.97 areas. 

During ETH/USD’s recent move higher to multi-year highsStops were recently elected above the 1072.781133.441163.931176.281225.30, and 1230.73 areas, and selling pressure intensified below these areas during the pullback.  Notably, these levels represented technically significantupside price objectives related to historical buying pressure around the 215.16625.01370.50480.08530.32, and 310.79 areas.   Strong Stops were also recently elected above the 819.23877.81, and 879.23 levels during the sharp climbupside price objectives also related to previous buying activity around the 625.01 and 530.32 areas, and traders are curious to see how price activity reacts around these levels.  Traders are observing that the 50-bar MA (4-hourly) is bullishly indicating above the 100-bar MA (4-hourly) and above the 200-bar MA (4-hourly).   Also, the 50-bar MA (hourly) is bearishly indicating below the 200-bar MA (hourly) and above the 200-bar MA (hourly).

Price activity is nearest the 50-bar MA (4-hourly) at 1170.00 and the 200-bar MA (Hourly) at 1170.62.

Technical Support is expected around 792.40/ 766.54/ 729.88 with Stops expected below.

Technical Resistance is expected around 1381.04/ 1419.96/ 1439.98 with Stops expected above.

On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bullishly above MACDAverage.

On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage.


Disclaimer: This trading analysis is provided by a third party, and for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

Title: ETH/USD Tests 1255.46 Technical Resistance: Sally Ho's Technical Analysis 15 January 2021 ETH
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Published Date: Fri, 15 Jan 2021 15:00:26 +0000

4 Countries Where Bitcoin Searches Hit ATH In Early 2021

With BTC’s price exploding to new highs, the asset’s popularity has grown globally. Google searches for Bitcoin have reached ATH records in several countries, including Chile, Nigeria, Argentina, and Colombia. Interestingly, the trading volumes from most of these nations have also increased lately.

Google Searches of BTC To New ATHs In Several Countries

Although the worldwide Google searches for the primary cryptocurrency failed to hit a new all-time high amid BTC’s price record of $42,000, citizens based in at least four countries have enhanced their BTC searches to record levels.

Google trends data shows that Bitcoin’s popularity has seen new highs on Google from Chile, Argentina, Colombia, and Nigeria.

Bitcoin Google Searches In Argentina. Source: Google Trends
Google Searches In Colombia. Source: Google Trends
Google Searches In Colombia. Source: Google Trends

Citizens from these countries have also proven that their interest doesn’t stop with just typing “Bitcoin” on the world’s most popular search engine. Peer-to-peer trading data shows that they have started to allocate more funds into the cryptocurrency.

CryptoPotato reported recently that Nigeria became the second-largest Bitcoin P2P market in the world. Locals employ the digital asset for its intended purpose by the anonymous creator Satoshi Nakamoto – to serve as an electronic peer-to-peer cash system.

PayPal and other payment options still lack in their development in the country, which also drives citizens to turn to the cryptocurrency for fast and cheap transactions.

BTC’s Presence In South America

Apart from the high trading volumes in the African nation, BTC has enjoyed a popularity boost in several South American countries, as mentioned above.

The trading volumes on LocalBitcoins in Colombia surged to the second-highest level during the first week of January, only trailing to the week prior to the 2020 halving.

Apart from BTC’s expanding price, the interest could also be attributed to economic uncertainties prompted by the COVID-19 pandemic, protests from rural communities against murders, and the growing number of killed females – also known as Colombia’s femicide.

Bitcoin P2P Trading Volume On LocalBitcoins Colombia. Source: CoinDance
Bitcoin P2P Trading Volume On LocalBitcoins Colombia. Source: CoinDance

Bitcoin P2P trading volume reached a new ATH in early January in Chile of about 800 million pesos. The nation also suffered the financial consequences of the COVID-19 pandemic, which harmed its citizens. The central bank published a report last year projecting the worst GDP in 35 years.

Nevertheless, Foreign Minister Andres Allamand recently reassured that the country has the “macroeconomic and fiscal soundness” to ensure a partial recovery in 2021.


Bitcoin P2P Trading Volume On LocalBitcoins In Chile. Source: CoinDance
Bitcoin P2P Trading Volume On LocalBitcoins In Chile. Source: CoinDance

Although the trading volumes in Argentina have failed to reach the highs from mid-2020, the nation has also enjoyed a steady increase in BTC allocations.

Argentina’s GDP also felt the adverse effects of the virus as it shrunk by 10.2% in Q3 alone and even more on a yearly basis.

Title: 4 Countries Where Bitcoin Searches Hit ATH In Early 2021
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Published Date: Tue, 26 Jan 2021 12:56:02 +0000