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Unbanked Hong Kong Chief Carrie Lam: “I Have Piles of Cash at Home”
4.12.2020
Hong Kong Chief Executive Carrie Lam says she is currently unbanked and keeps piles of cash stashed at her home courtesy of US sanctions. Alongside 14 Chinese and Hong Kong officials, Lam has been slapped with punitive measures that effectively cut her off from the banking system. The US government...
Binance Expects Up to USD 1B In Profits This Year + More News
4.12.2020
Source: Instagram, Binance
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Exchanges news
Binance expects to have profits of USD 800m to USD 1bn this year, up from about USD 570m last year...
Crypto-Keen Chinese Giant-Owned 200 YO Bank Lures BTC-Hungry Rich Investors
4.12.2020
More than 200-year-old German lender Hauck & Aufhäuser (H&A), owned by the crypto-keen Chinese conglomerate Fosun, about to offer a new product to high-net-worth individuals and professional investors, looking to invest in cryptoassets.
The bank said it is teaming up with the Berlin-based...
Argo Reports 23% Monthly Revenue Increase, With 2,369 Bitcoin Mined Since January
4.12.2020
Bitcoin miner Argo Blockchain reported Thursday that revenue climbed 23% to £1.48 million ($1.98 million) in November compared to £1.2 million ($1.6 million) the previous month. ● The London Stock Exchange-listed firm mined less bitcoin (BTC) in November (115 BTC) than it did...
Streamix.io Launches High Yield APY DeFi Farming on ValueDeFi.io
4.12.2020
PRESS RELEASE. Streamix.io, a crypto currency DeFi startup and social media platform for streaming and gaming, partnered with ValueDeFi.io, which allowed Streamix to be one of their first cryptocurrency projects to use their FaaS (Farming-as-a-Service) platform and drive more value. See and trade...
Bitcoin and Altcoins Signaling Downside Break
4.12.2020
Bitcoin price failed to extend gains above USD 19,500. As a result, BTC reacted to the downside below the USD 19,200 and USD 19,000 support levels. The price is currently (13:00 UTC) trading below USD 19,000 and it seems like there are chances of more downsides below USD 18,800 and...
A Pakistani Provincial Government Passes Crypto-Friendly Draft Resolution
4.12.2020
In Pakistan, a provincial government has passed a draft resolution on December 2, 2020, that demands the federal government to take steps towards legalizing both cryptocurrencies and crypto-mining activities. A Crypto-Friendly Draft Resolution Approval Sets a Precedent in Pakistan The Provincial...
Cryptocurrencies Prove Central Bank Models Are Obsolete, Says Professor
4.12.2020
A Spanish professor and economist stated that cryptocurrencies have brought out the “obsolescence” of central banks, although their capitalization is still “very insignificant.” Crypto Is Not Only About the ‘Speculative Noise’ Pablo Agnese, an economics professor...
Sovereigns Will 'For Sure' Fight Against Private Crypto - Paul Tudor Jones
4.12.2020
As cryptoassets fight a bloody battle for survival and the top, the authorities will, as they did before, lead their own fight against private cryptocurrencies, said prominent hedge fund manager and bitcoin (BTC) bull Paul Tudor Jones. Nonetheless, crypto is still young, and BTC, in particular,...
New Draft U.S. Law Will Make It Illegal To Issue Stablecoins Without Federal Reserve Approval
4.12.2020
Three U.S. lawmakers have introduced a bill that will force private stablecoin issuers to obtain a banking charter (or license) and approval from the Federal Reserve before they can issue a stablecoin. Instigated by Rep. Rashida Tlaib, with support from Reps. Jesús García and Stephen...
Equity Strategist Says Crypto Has a Place in Portfolios, Bitcoin Price to Reach $50,000 in 2021
4.12.2020
An equity and derivatives strategist with a global financial services firm specializing in institutional trading believes that bitcoin has a place in investment portfolios. He has a price target for bitcoin of $50,000 in 2021. Bitcoin Has a Place in Investors’ Portfolios BTIG is a global...
Bitcoin and Altcoins Near Make-or-Break Levels
4.12.2020
Yesterday, bitcoin price made a failed attempt to gain strength above the USD 19,500 resistance. BTC bulls struggled to keep the momentum going, resulting in a short-term downside correction below USD 19,350. The price is currently (05:00 UTC) trading well above USD 19,000 and it seems to...
Central Bank of Nigeria Governor Decries the Use of Parallel Exchange Rate as Citizens Switch to Crypto
4.12.2020
The governor of the Central Bank of Nigeria (CBN) Godwin Emefiele says the embrace of the parallel market exchange rate by some professionals in that country is unfair and unfortunate. The CBN governor says the parallel foreign exchange market only accounts for a share of the market that does...
Bullrun Pushing More Investors To Jump on Securypto
4.12.2020
PRESS RELEASE. Securypto focuses on safe and truly anonymous exchange of data. In a world where datahacks have become the norm rather than the exception, anonymity has become a necessity. Acknowledging the massive support from their community, Securypto lead developer Sam Nokati expressed...
Financial Analysts Expect US Dollar to Soften Further, 2021 Could Be the Greenback’s ‘Worst Year Ever’
4.12.2020
Well before the coronavirus pandemic, global economists expected a grim-looking American economy and during the last ten months of the Covid-19 outbreak, the U.S. financial system looks even worse. Economists and analysts say the biggest concern is the U.S. dollar faltering into the unknown, as...
Trader Says His BTC 7 Has Been Stuck in LocalBitcoins Escrow Since 2017
3.12.2020
A LocalBitcoins user who claims he “got robbed while doing a cash trade” for bitcoin (BTC) on the popular peer-to-peer crypto trading platform now says that he has BTC 7 “still stuck in escrow” on the exchange.
LocalBitcoins operates an escrow service for users who wish to add a layer of security...
Cryptocurrency Indexes Are Set to Launch in 2021 by S&P Dow Jones Indices
3.12.2020
S&P Dow Jones Indices has made it official: they will launch cryptocurrency indexes in 2021, becoming the latest major finance company to make its inception into the digital asset industry. More than 550 of the top traded coins to be included in the indexes As Reuters reported initially...
Caribbean Crypto Hotbed: More Than 40 Businesses Accept Bitcoin Cash in Antigua
3.12.2020
Cryptocurrencies have been getting quite popular in the Caribbean region and in Antigua and Barbuda, the island has seen significant growth. Crypto adoption has been on the rise in the island country and just recently, a regional news report detailed that more than 40 major businesses are accepting...
Aave's Second Version, New Bitcoin Mining Pool in North America + More News
3.12.2020
Bitcoin mining rigs. Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
DeFi news
Decentralized finance (DeFi) platform Aave has announced today that Aave V2 is live on mainnet. The new version...
Nexo Launches Buyback Program, Commits Initial $12M
3.12.2020
PRESS RELEASE. Nexo, the leading regulated digital financial institution with over $2 billion in assets under management, today announced the details of its buyback program. The company’s Board of Directors approved an initial repurchase of $12 million of its NEXO Token on an open-market...