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Bitcoin Proponents Bemoan Joe Biden’s Proposed Capital Gains Hike
20.10.2020
The U.S. presidential election is only 14 days away, and a number of bitcoin proponents have been discussing the capital gains tax implications Joe Biden plans to invoke if he wins the American presidency. According to Biden’s plan, capital gains will be raised from 21% to 39.6% for certain...
‘Steady Increase’ in Bitcoin Investment Coming, Not a ‘Flurry’ - CoinShares
20.10.2020
A year and half and a leap of faith will be required to finally shunt institutional investors into the bitcoin (BTC) market, claims an executive at digital asset management firm CoinShares – adding that “a steady increase building in speed up to a point” over the next 18 months was more likely than...
Institutions Long and Hedge Funds Short: Bitcoin Options Traders Prep for ‘Big Moves’ Ahead
20.10.2020
Trends in bitcoin options markets are making it difficult for financial analysts to pinpoint BTC’s next move. Data from CME’s recently published trader report shows that institutional investors are capturing a larger number of bitcoin long contracts, while hedge funds are showing...
Victim Stung for BTC 22 as DoppelPaymer Scammers Claim Latest Victim
20.10.2020
A hapless victim has reportedly forked out a whopping BTC 22 – worth over USD 263,000 – to DoppelPaymer ransomware scammers, per data published by tracking website ScamAlert.
Earlier this year, antivirus software developer Avast warned that there had been a recent resurgence in scammers making...
Bitcoin Surpasses USD 11,800, Ethereum, Altcoins Slide
20.10.2020
Bitcoin price remained in a positive zone above the 11,550 resistance. BTC extended its rise above the USD 11,800 resistance and it even spiked above USD 11,900. The price is currently (13:00 UTC) up 3% and it might soon attempt an upside break above the USD 12,000 resistance.
Conversely, most...
US Financial Watchdog Fines Bitcoin Mixer Service for $60 Million
20.10.2020
Larry Dean Harmon, founder and operator of early bitcoin mixing services Helix and Coin Ninja, is being fined $60 million by the U.S. Treasury’s Financial Crimes Enforcement Network (Fincen) for allegedly violating anti-money laundering rules. According to documents published Oct. 19...
Finoa and Dapper Labs Announce Exclusive Partnership To Bring Institutional-Grade Custody To Flow Ecosystem Investors
20.10.2020
Berlin, October 20, 2020: Finoa, one of the leading digital asset custody and financial servicing platforms in Europe, and Dapper Labs, the company known for creating CryptoKitties and NBA Top Shot, announces that Finoa has been exclusively selected as one of top custody providers for FLOW and...
Digital Ruble: Russia Unveils Plans to Test Central Bank Digital Currency
20.10.2020
As China is actively testing its digital yuan, Russia is now planning to build and test a central bank digital currency, the digital ruble. Meanwhile, the Bank of Russia has proposed limiting the amount of bitcoin retail investors can buy. Russia’s Central Bank Plans Digital Ruble The central...
Binance.com Was Down, Apps, APIs 'Worked Fine'
20.10.2020
Major crypto exchange Binance confirmed that they were experiencing "temporary difficulties accessing Binance.com" on Tuesday morning (UTC time), however, "Mobile Apps, Desktop Apps, APIs all [worked] fine."
"Homepage, Download, Trade, Futures, Accounts, Markets, Launchpad...
Macro Investor Dan Tapiero Says Crypto Adoption Slow: Emerging Economies Ahead of Developed States
20.10.2020
Bitcoin and gold holder Dan Tapiero, says it is still early to talk of widespread crypto adoption as the proportion of users relative to the rest of the population remains low. Tapiero makes the remarks while referring to a study, which places Nigeria at top of the list of countries with...
Bitcoin and Altcoins Start Fresh Increase
20.10.2020
Bitcoin price started a decent upward move above the USD 11,500 and USD 11,550 resistance levels. BTC was able to settle above USD 11,550 and it even spiked to test the USD 11,800 resistance. The price is currently (05:00 UTC) consolidating above USD 11,700 and it might continue to rise in the near...
FinCEN Hits Bitcoin Mixer With USD 60m Fine
20.10.2020
The US Financial Crimes Enforcement Network (FinCEN) said it has assessed a USD 60m civil money penalty against Larry Dean Harmon, the founder, administrator, and primary operator of bitcoin (BTC) mixer (a.k.a. "tumbler") Helix and Coin Ninja, for violations of the Bank Secrecy Act (BSA)...
An Ethereum VR Game Featuring Atari and Care Bears Sells Plots of Virtual Land for $76K
20.10.2020
A great number of Non-fungible tokens (NFTs) have been selling on various marketplaces this year creating tens of thousands of dollars in NFT sales. One particular platform called The Sandbox has been selling virtual land parcels for thousands of dollars worth of ether. The Sandbox is a virtual...
Monetary Stability: The IMF and Fed Chair Jerome Powell Discuss Digital Currency Implications
19.10.2020
On Monday, the International Monetary Fund (IMF) published a report on crypto assets like central bank digital currencies (CBDCs) and global stablecoins (GSCs). Moreover, the IMF also hosted a virtual panel that discussed digital currencies and cross-border payments with the Federal Reserve Chair...
Hope Leads To Bitcoin, New NEO, Luno Launches Savings Wallet + More News
19.10.2020
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Adoption news
MicroStrategy, an American software company that used its balance sheet to buy USD 425m worth of bitcoin (BTC), has redirected...
Bitcoin Bar ‘Room 77’ Shuts Down
19.10.2020
Room 77, the German bar and restaurant that claims to be the first retail outfit in the world to accept bitcoin payments, has shut down. Cypherpunk Holdings chief economist Jon Matonis broke the news on Twitter. Bar owner Jorg Platzer later confirmed it on Reddit. “Room 77 is closing...
Bitcoin News Roundup for Oct. 19, 2020
19.10.2020
With BTC transaction activity slowing and Filecoin miners striking, CoinDesk’s Markets Daily is back for your latest crypto news roundup!
Peter Schiff’s Euro Pacific Bank Under Investigation by Tax Authorities in 5 Countries
19.10.2020
Euro Pacific Bank, founded by gold bug and bitcoin skeptic Peter Schiff, is reportedly under investigation by the tax authorities of five countries. The bank’s customers allegedly include several tax fraud masterminds and a Russian syndicate described by the FBI as the world’s worst...
Bitcoin and Altcoins Showing Signs of Fresh Increase
19.10.2020
Bitcoin price started a steady increase above the USD 11,350 level. BTC was able to climb above the USD 11,450 level and it is currently (12:20 UTC) trading above USD 11,500. If the bulls manage to gain strength above the USD 11,550 resistance, the price might accelerate higher.
Similarly, most...
Cloudbet Unveils Betting With Gold in Gaming World First
19.10.2020
Cloudbet, the pioneering crypto casino and sportsbook, has added Pax Gold to its platform, making history by allowing players to bet online with gold for the first time ever. The integration of gold betting on a crypto-gaming platform marks a unique milestone in the evolution of tokenisation...