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Crypto-related Shares Surge in South Korea, Canada on PayPal News
22.10.2020
The ripple effects of PayPal finally getting on board the crypto gravy train yesterday – enabling bitcoin (BTC), ethereum (ETH) and other altcoin purchases in the USA – are being felt all over the world. In South Korea, firms with relationships with crypto companies have seen their share prices...
Bitmex Fast-Tracks KYC Program as Regulators Tighten Screws on Anti-Money Laundering Rules
22.10.2020
Bitmex said Wednesday that it is fast-tracking its user verification program in order to comply with regulatory requirements. Users must now be fully verified by Nov. 5, 2020 “to continue trading on the platform,” it said. In a statement, the crypto derivatives exchange stated that...
Bitcoin and Altcoins Bulls Back in Driver’s Seat
22.10.2020
As discussed yesterday, bitcoin price started a strong upward move after it broke the USD 12,000 resistance. BTC bulls gained strength, resulting in a surge above the USD 12,750 and USD 13,000 levels. The price tested the USD 13,250 zone and it is currently (05:00 UTC) correcting gains below...
World Gold Council Survey Shows Cryptocurrency Investment the 5th Most Popular in Russia
22.10.2020
According to a recent research survey, cryptocurrency investment is a touch more popular than gold in Russia. An organization called the World Gold Council surveyed 2,023 investors and cryptocurrency turned out to be the fifth-largest investment next to gold. The World Gold Council (WGC)...
Filecoin Founder Accuses Justin Sun of Spreading Lies About FIL Tokens as Fresh Dumping Allegations Emerge
21.10.2020
Juan Benet, a founder at Filecoin, is attacking Justin Sun for spreading completely false accusations about the movement of the FIL tokens soon after listing. In his long Twitter rebuff, Benet accuses Sun of spreading lies with the intention of harming the Filecoin project financially. Calling...
Wall St drives PayPal to all time high on Bitcoin news
21.10.2020
Mainstream investors apparently liked the company's turn towards crypto
‘All’ Russian Civil Servants Told to Declare Crypto Holdings
21.10.2020
Russian public officials will be obliged to declare how much crypto they own, said the country’s Prosecutor General’s Office.
Per an official release, the Prosecutor General has introduced the changes in line with the country’s first crypto law, which was approved earlier this year and promulgates...
$10 Billion in BTC Reserves: Companies With Bitcoin Treasuries Command Close to 4% of the Supply
21.10.2020
The web portal bitcointreasuries.org now shows close to two dozen firms with a large number of bitcoin reserves. Currently, the aggregate total bitcoin held in reserves by the 23 companies listed is roughly 785,999 BTC worth well over $10 billion dollars. This past August the billion-dollar firm...
Market Update: Bitcoin Nears $13,000, Holds Record-Breaking 87-Day Streak Above $10K
21.10.2020
Cryptocurrency markets have seen intense gains on Wednesday after the payment processor Paypal announced it would be supporting digital currencies. At the time of publication, the market cap of all 7,000+ digital assets has gained 5.6% hovering above $379 billion during the afternoon trading...
Bitcoin News Roundup for Oct. 21, 2020
21.10.2020
With BTC's breakout and the latest on PayPal's big play, CoinDesk’s Markets Daily is back for your latest crypto news roundup!
Coinend: 1,2,3 Take off – New Gamified Crypto Prediction Platform
21.10.2020
Coinend has announced the launch of its cryptocurrency gamified platform. GPC DIGITAL S.A operates this cryptocurrency-based gamified prediction portal, a corporation incorporated in Panama. It allows users to predict the closing price based on hourly, daily and weekly prices of various...
Payments Giant Paypal Says Its Customers Can Now Buy and Sell Bitcoin
21.10.2020
Payments giant Paypal says its customers can now buy, sell and hold bitcoin and other virtual coins with the company’s online wallets. The company also says its customers will able to use cryptocurrencies to shop at the 26 million merchants on its network starting in early 2021. A report...
Breaking: PayPal Goes Bitcoin
21.10.2020
Online payments giant PayPal will allow its customers to buy, sell and hold bitcoin (BTC) and other cryptoassets using the US digital payments company’s online wallets over the coming weeks, Reuters reported, citing President and Chief Executive Dan Schulman.
The company plans to expand to Venmo...
Coin Metrics Adds Five Exchanges to it’s ‘Trusted Spot Volume’ List
21.10.2020
Coin Metrics, one of the world’s premier blockchain/cryptocurrency analytics firms, has updated its list of ‘trusted volume’ exchanges, adding a further five crypto exchanges, all the while adjusting scoring methods for trading platforms.
This time, FTX, Lbank, Liquid, The Rock Trading, and Upbit...
OKEx Resuming P2P Fiat Trading for Three Fiat Pairs
21.10.2020
Major crypto exchange OKEx is today resuming peer-to-peer (P2P) fiat trading for three fiat pairs. Crypto withdrawals are still suspended.
The exchange has announced that its P2P platform will resume trading at noon UTC today for the CNY (Chinese yuan), INR (Indian rupee), and VND (Vietnamese...
Hackers Donate Bitcoin From Ransomware Attacks to Charities
21.10.2020
A group of hackers has donated some of the bitcoin it extorted via ransomware attacks to charities, claiming that it wants to “make the world a better place.” However, the law says donations from ill-gotten gains must be rejected but charities have no way of returning donated bitcoin...
BitMEX Hastens User Verification After Securing 50+% of Their Trading Volume
21.10.2020
Source: Adobe/Jom_Ariya
The troubled crypto exchange BitMEX has accelerated its user verification program after securing over 50% of their trading volume in almost two months since the program begun.
"A significant amount of our users representing over 50% of our volume have successfully...
European Commission Opposes Crypto Fraud Compensation Fund: Victims Say Commission Cozying up to the Industry
21.10.2020
The European Commission (EC) is opposing the creation of the crypto crime victim superfund to be financed with $0.0001 per dollar on all cryptocurrency transactions occurring within the EU. The Commission says that it does not have the competence to set up and administer such a fund. It also argues...
Bitcoin Surges Above USD 12,200, Altcoins Show Positive Signs
21.10.2020
Bitcoin price remained in a positive zone and it settled above the USD 11,800 resistance level. BTC gained bullish momentum and surged above the USD 12,000 resistance. There was also a break above the USD 12,200 level and the price is currently (05:00 UTC) consolidating gains.
Besides, most major...
Hotel Bitcoin ATMs on the Rise With Addition of Swiss Hotel Dolder Grand
21.10.2020
The number of hotels with a bitcoin ATM on-site is growing in Switzerland. The latest announcement came from The Dolder Grand, a luxury hotel and spa in Zurich, which recently installed a crypto ATM supporting four cryptocurrencies. Bitcoin ATMs Gaining Popularity in Hotels The Dolder Grand...