Blockchain & Cryptocurrency News

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Fri, 23 Oct 2020, 08:56 PM
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Berlin’s ‘Bitcoin Bar’ announces closure

Recent job listing hints Bank of Canada might be moving ahead with its CBDC

Various countries have already begun testing their own central bank-backed cryptocurrency. Recent reports now suggest that Canada might also be moving ahead with its central bank digital currency (CBDC) project. There...

Bitcoin (BTC) adoption soars in Turkey as the lira weakens against the dollar

Turkey is outpacing other countries in the Middle East in terms of Bitcoin (BTC) adoption. Apparently, many people in the country are increasingly turning to the worlds largest cryptocurrency as the Turkish lira hit...

FSB issues recommendations for stablecoins

Stablecoins such as Tether (USDT) rose in popularity lately as cryptocurrency investors began looking for less volatile alternatives to Bitcoin (BTC). The Financial Stability Board (FSB) warns of the potential risks...

Korea Blockchain Association requests the government to postpone cryptocurrency tax until 2023

South Korea announced in July that it will impose a cryptocurrency tax on trading profits by 2021. However, the Korea Blockchain Association (KBA) is now urging the government to postpone its implementation until...

Feminist Coalition asks for Bitcoin (BTC) donations instead of cash

Feminist Coalition, a protest group in Nigeria, is now asking supporters to donate in Bitcoin (BTC) instead of cash. The groups decision to switch to cryptocurrency came after Nigerian authorities reportedly blocked their...

Cryptocurrency mining botnet activity is spiking, warns researchers

Researchers have issued a warning on the dramatic rise in the activity Lemon Duck, a cryptocurrency mining botnet. The team of experts noted that the activity of the mining botnet, which targets its victims computer...

Cryptocurrency hardware wallet with fingerprint authorization feature launches in China

With cybercriminals getting more sophisticated, one of the biggest concerns facing cryptocurrency investors is the security of their digital assets. A crypto exchange just launched a pocket-sized solution for crypto...

NYDIG holds more than $1B in cryptocurrency for its investors

Stone Ridge subsidiary New York Digital Investment Group (NYDIG) made an announcement this week that it is the custodian of the cryptocurrency holdings of its parent firm valued at over a hundred million dollars. In...

ETH rallies after Grayscale’s Ethereum Trust becomes SEC reporting company

Grayscale Investments recently announced that Grayscale Ethereum Trust is now a Securities and Exchange Commission (SEC) reporting company. The news was well-received by the cryptocurrency market resulting in the rally of...

Business

PayPal is planning to acquire BitGo and other cryptocurrency firms Fri, 23 Oct 2020, 10:35 am UTC

PayPal recently made headlines with the announcement of its new cryptocurrency service that allows its users to trade and pay using Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), and Litecoin (LTC). But the online...

Okex reinstates P2P crypto trading but withdrawals still suspended

PayPal announces new cryptocurrency service featuring Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), and Litecoin (LTC)

Top 5 publicly traded corporations that keep Bitcoin (BTC) as a reserve asset

Technology

Ransomware hackers donate 1.76 Bitcoin (BTC) to charities Thu, 22 Oct 2020, 04:52 am UTC

Two charities just received a total of 1.76 Bitcoin (BTC) in donations from a very unexpected source. The donations came from a group of hackers who donated a small portion of their stolen funds obtained through ransomware...

Bank of Korea plans to test its own cryptocurrency (CBDC) next year

Worldwide Bitcoin ATM count exceeds 10,000

PUBLISH awarded patent for blockchain-based fact-checking system for online content

Investing

Nasdaq and Hashdex’s new cryptocurrency ETF will be traded in the Bermuda Stock Exchange Fri, 25 Sep 2020, 05:34 am UTC

Investors will soon be able to get their hands on a new cryptocurrency exchange-traded fund (ETF) by Brazilian fund manager Hasdex and Nasdaq. The new investment product has been approved for trading on the Bermuda Stock...

Cryptocurrency beats gold, becomes the best-performing asset in 2020

Institutional investors to‘dramatically’ increase their cryptocurrency holdings in the next 5 years, says survey

Norway’s sovereign fund indirectly owns 557.6 BTC via its investment in a business intelligence firm

Insights

Cryptocurrency more popular than gold among Russian retail investors Thu, 22 Oct 2020, 14:47 pm UTC

Some businesses are starting to consider Bitcoin (BTC) as a viable alternative to cash as a store of value and are incorporating the crypto into their reserve assets as part of their capital allocation strategy. In Russia,...