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‘Arbitrary’ Ruling May ‘Force South Korean Crypto Exchanges to Close’
4.11.2020
South Korean crypto-related firms said they are concerned that banks are being given too much power by the country’s financial regulators.
In the latest regulatory rulings unveiled this week, regulators stated that banks would be obliged to decide whether or not they want to do business with crypto...
Bitcoin Volatility Expected to Rise After the US Presidential Election
4.11.2020
While the United States prepares for the results of the 2020 Presidential Election, a number of data points and traders expect some significant cryptocurrency price fluctuations this week. Statistics from skew.com show bitcoin’s 30-day implied volatility has increased to 59% while 3-6 month...
SEC Changes Rules, Making Fundraising Easier for Crypto Firms
3.11.2020
The U.S. Securities and Exchange Commission (SEC) has amended some exemption rules, making it easier for crypto companies to raise funds. The rule changes raise fundraising limits for Regulation Crowdfunding, Regulation A, and Regulation D’s Rule 504 offerings. SEC’s New Rules Allow...
Xapo Leaves Venezuela, 20m Brave Internauts, Oversubscribed IEOs + More News
3.11.2020
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Crypto adoption news
Crypto wallet provider Xapo, owned by Coinbase, is the latest international venture to exit Venezuela – with the firm emailing...
Paypal Begins Crypto Service: CEO Reveals Increased Limits, Expansion Plans, Venmo Rollout
3.11.2020
Payments giant Paypal has revealed more details of its new cryptocurrency service. The company is currently rolling out crypto functionality to U.S. customers, after which it will launch the service internationally and on the Venmo platform. Paypal’s CEO Unveils Crypto Plans Paypal CEO...
Spanish Police: Ex-Catalan Leader Used Bitcoin to Pay for Escape to Belgium
3.11.2020
Carles Puigdemont. Source: a video screenshot, Youtube/El Nacional.cat
The Spanish police unit investigating the alleged misappropriation of public funds of Catalonia’s former president Carles Puigdemont has reportedly uncovered evidence that the former Catalan leader may have funded his flight...
Trump & Biden Voters Put Crypto Predictions Markets To The Test Today
3.11.2020
Though several prediction markets appeared in the Cryptoverse recently, today they are being tested with their first US presidential elections.
On the day of the 2020 presidential elections in the US, the prediction market tables seem to have turned against the still-President Donald Trump,...
PayPal CEO: Financial System 'Not Working,' Users 'Very Eager' For Crypto
3.11.2020
Dan Schulman. Source: a video screenshot, Youtube/Axios
Dan Schulman, CEO of online payments giant PayPal, has presented his diagnosis of the current financial system’s shortcomings, claiming it is inefficient and causing millions of people to be excluded, as the company expands into...
Hong Kong Amends Crypto Law to Regulate All Exchanges
3.11.2020
Cryptocurrency regulation in Hong Kong is undergoing changes. The Securities and Futures Commission (SFC) is reportedly introducing a new licensing system to regulate all crypto exchanges operating in Hong Kong. Hong Kong’s New Crypto Regulation The CEO of the SFC, Ashley Alder, talked about...
$100 Million Accelerator Fund from Binance Now Supports PARSIQ, a Reverse-Oracle Blockchain Platform
3.11.2020
PRESS RELEASE. PARSIQ is a working platform that makes blockchain events consumable and blockchain data actionable. It allows users—both individuals, companies, enterprises—to monitor any events across different blockchains in real-time and at scale and connect those events to...
Whales Moving Millions in Bitcoin as Hong Kong Regulator Makes Move
3.11.2020
The world of crypto has received an unwelcome jolt after the Hong Kong financial securities regulator announced – somewhat abruptly – that all crypto exchanges will need to register with the body if they wish to continue trading.
Per Reuters, the head of the Securities and Futures Commission (SFC)...
Bitcoin Mining Difficulty Sees Its Second-Largest Drop Ever
3.11.2020
Bitcoin (BTC) mining difficulty just had its largest drop since 2011 and the second-largest in history of the network.
According to major mining pool BTC.com, mining difficulty, which is the measure that shows how hard it is to compete for mining rewards, has dropped more than nearly 15% estimated...
Bitcoin and Altcoins Face Increased Selling Pressure
3.11.2020
In the past three sessions, bitcoin price saw an increase in selling pressure below USD 13,650. BTC broke the USD 13,500 support and even extended its decline below the USD 13,350 support. The price is currently (05:00 UTC) holding the USD 13,200 support, but it might struggle to climb back above...
Defi Index CVX Measures Crypto ‘Market Fear’ and Implied Volatility
3.11.2020
The decentralized finance (defi) platform cvx.finance has launched the beta version of its “Crypto Volatility Index”, otherwise known as the “CVX.” The CVX is an index similar to the “Market Fear Index” (VIX) commonly used in traditional finance, but cvx.finance...
Federal Reserve Staff Sluiced Wall Street Bankers With Trillions From the Comfort of Their Mansions
3.11.2020
While American citizens wait for bureaucrats to pass a new coronavirus relief package, the Federal Reserve has continued to serve corporate interests and the banking cartel. Behind the curtains from the comfort of their own mansions, members of the Fed have given more stimulus to crony Wall Street...
Major Defi Token Prices Plunge, as Money Moves Back Into Bitcoin
2.11.2020
Major decentralized finance (defi) projects fell sharply in October, with token prices tumbling by between 30% and 56%, as money appears to be moving away from the overhyped space and back into bitcoin. According to Coingecko data, Andre Cronje’s Yearn Finance (YFI) fell fastest, crashing...
Court Filing Accuses Bitmex Cofounders of ‘Looting’ $440 Million Before the Fed Crackdown
2.11.2020
A civil lawsuit has been filed against the firm HDR Global Trading Limited, the parent company of the exchange Bitmex, alongside the three cofounders Arthur Hayes, Ben Delo, and Samuel Reed. Plaintiffs allege “the defendants’ Hayes, Delo, and Reed looted about $440,308,400 of proceeds...
3 CBDC Projects, Bitcoin Lightning Hits Pool, Verizon Taps Blockchain + More News
2.11.2020
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
CBDCs news
The digital yuan has already surpassed the 4 million transaction mark, said its operators – despite the fact that the token remains...
Bitcoin Mining Difficulty Set For Double-Digit Drop on Tuesday
2.11.2020
Bitcoin (BTC) mining difficulty could revert to levels not seen since August – with a forecasted drop in difficulty of almost 15% on the cards, similarly to what BTC miners experienced after a market crash in March.
Per BTC.com, a major mining pool, data, the next bi-weekly readjustment will take...
Venezuela to Incorporate Bitcoin and Litecoin Wallets into National Remittances Platform
2.11.2020
Venezuela says it will incorporate bitcoin and litecoin wallets to its Patria’s Cryptocurrency Remittance Platform. In an update, authorities in the country say this move will enable Venezuelan citizens to formally receive remittances in cryptocurrency form. Many citizens of hyperinflation...