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Bitcoin News Roundup for Aug. 31, 2020
31.8.2020
With bitcoin still lagging behind U.S stocks and additional tax guidance in the U.S., CoinDesk's Markets Daily is back for your latest crypto news roundup!
Robinhood, Other Online Trading Platforms Having Login Issues
31.8.2020
The reported outages affect Robinhood, Charles Schwab, TD Ameritrade, and others
Five CoinMarketCap Executives Depart Binance in Mass Exodus
31.8.2020
Binance plans to replace the executives with its own staff
Coinbase adds Marc Andreessen as Board Observer, Replacing Chris Dixon
31.8.2020
The high-profile additions come as Coinbase reportedly eyes a public offering
Russia’s Crypto Mining Farms Would Have to Report to Government Under Proposed Bill
31.8.2020
Russian wants all data centers, including mining farms, to report what they do and how they operate. Local experts say that brings risk
Signature Bank Gave Dozens More PPP Loans to Crypto Firms Than Previously Reported
31.8.2020
Signature Bank gave $20 million in PPP loans to roughly 40 firms in the digital asset space. Only nine loans were revealed in public documents last month
South Korea’s Central Bank Starts Technical Phase for Digital Currency Ahead of 2021 Pilot
31.8.2020
The Bank of Korea is seeking a partner to help develop the architecture for a potential central bank digital currency
First Mover: Huobi Takes on OKEx in Futures, Opening New Front in ‘Chinese’ Rivalry
31.8.2020
Huobi is taking on OKEx in the business of bitcoin futures trading, opening a new front in the ongoing rivalry between the two Chinese-led exchanges
Meet Torus, the One-Click Blockchain Wallet Trying to Make Web3 as Easy as Chrome
31.8.2020
Singapore-based Torus Labs has released a Chrome browser extension for its Torus wallet and added a new product called tKey, a custom version of 2FA
US Stocks Closing on Bigger August Gain Than Bitcoin
31.8.2020
While bitcoin is eyeing an August gain for the first time in three years, the cryptocurrency is still lagging U.S. stocks over the month
Someone Just Lost $16M in Bitcoin By Using a Malicious Install of the Electrum Wallet
31.8.2020
An Electrum wallet user claims to have lost a fortune in bitcoin after installing an older version of the software from a malicious source
Huobi and OKEx Battle for Supremacy in China
31.8.2020
Cryptocurrency exchange Huobi is taking aim at competitor OKEx in the business of trading bitcoin futures and other derivatives contracts, opening up a new front in a longstanding rivalry that has historically focused on the lucrative Chinese market
DeFi Is a ‘Complete Scam,’ Says Controversial Entrepreneur Craig Wright
31.8.2020
nChain chief scientist Craig Wright has delivered an obscenity-laden interview discussing decentralized finance and stablecoins, calling such projects a "complete scam" and "illegal."
Cryptocurrency Earned From Carrying Out Microtasks Is Taxable, Says IRS Memo
31.8.2020
The U.S. tax department has provided guidance around crypto revenue earned from microtasks via crowdsourcing platforms, and yes, such income is taxable
Crypto Long & Short: What Changes at the Fed and the SEC Mean for Crypto
30.8.2020
Chairman Powell’s speech on Thursday highlighted how much the Fed’s role is changing, and that's an opportunity for the crypto industry
Maria Bustillos on Tokenizing Journalism, the Death of Civil and Rise of Brick House
30.8.2020
An early supporter of the now defunct blockchain-based Civil is taking another swing at a writer-owned media collective. She hasn't lost faith in blockchain
The Case for $500,000 Bitcoin
30.8.2020
The Winklevoss brothers make an argument that, in the long run, bitcoin is the only good safe haven
Ethereum Classic Blockchain Subject to Yet Another 51% Attack
30.8.2020
The Ethereum Classic blockchain suffered a 51% attack Saturday evening, its third 51% attack this month, according to mining company Bitfly, which also spotted the first attack on Aug. 1
Mr. Powell, If You Want Higher Inflation, Give People Money
29.8.2020
The Federal Reserve wants a little more inflation to keep the economy buoyant. That's hard to achieve when Main Street is so under water
Oasis Network Announces Chainlink Oracle Integration to Enable Privacy-Focused DeFi Applications
29.8.2020
Oasis Network, a privacy-centric data-sharing network, said it will integrate Chainlink’s price feeds into its network