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Bank of England Moves Closer to Negative Interest Rates, Asks Banks if They Are Ready
13.10.2020
The Bank of England has moved closer to adopting a negative interest rate policy. The central bank has asked commercial banks in the U.K. to provide details of how ready they are to deal with negative interest rates, asserting that for the policy to be effective, commercial banks need to be ready...
The OECD Wants to Tax Your Crypto to Pay for COVID-19 Recovery Efforts
13.10.2020
Source: Adobe/Johanna Mühlbauer
The Organization for Economic Cooperation and Development (OECD) is looking to push its members to adopt crypto tax frameworks.
Per a new OECD report, the organization said it wants to promote transparency in all transactions involving cryptoassets, ensuring revenues...
Bitcoin and Altcoins Extended Gains
13.10.2020
Bitcoin price was able to clear the 11,500 resistance, resulting in more upsides. BTC extended its rise above the USD 11,650 level, but there was no test of the USD 11,800 resistance. The price is currently (13:00 UTC) correcting lower from USD 11,720, but it might find support above...
Grayscale’s Ethereum Trust Attains SEC Reporting Company Status
13.10.2020
Grayscale Investments says the registration statement on Form 10 that it filed with the U.S. Securities and Exchange Commission (SEC) on behalf of the Ethereum Trust has become effective. This means Ethereum Trust is now an official SEC reporting company and the second digital currency investment...
Hathor Merge Mining Pool Commands 33% of the Bitcoin Cash Hashrate
13.10.2020
Bitcoin Cash proponents have been recently discussing a new mining entity with a large amount of hashrate joined the network. The merge mining operation called HathorMM currently captures 33% of the Bitcoin Cash hashrate and the miners are also mining Bitcoinsv as well. The Bitcoin Cash (BCH)...
The Silk Road Balance Sheet Discrepancy: Bitcoin Worth $4.8 Billion Still Missing
12.10.2020
The original Silk Road marketplace has been shut down for well over seven years now and to this day, 444,000 bitcoin worth $4.8 billion is still missing. Just recently, a report focused on those funds discusses one of the market’s biggest mysteries and how people have seemingly forgotten...
Bitcoin News Roundup for Oct. 12, 2020
12.10.2020
With BTC back above $11K and China giving away its new digital currency, CoinDesk’s Markets Daily is back for your latest crypto news roundup!
Crypto Cruise Ship ‘Satoshi’ to Make Panama Bay Home
12.10.2020
The Crypto Cruise Ship called Satoshi is gearing up to set sail from the Mediterranean to Panama, where it will drop anchor and call the bay its home. The ship has 777 cabins that will be auctioned off as condos. Bitcoin will be accepted for all goods and services aboard. Crypto Cruise Ship...
Brace For Higher Bitcoin Volatility and Returns in October - Kraken
12.10.2020
As bitcoin (BTC) finished with its worst-performing month, better returns could be expected in October, according to researchers at crypto exchange Kraken. They also noted that the so-called 'smart money' is not entirely reflected in the price of the world's most popular cryptocurrency.
Kraken...
Elon Musk Says There’s No Bitcoin ATM at Gigafactory, But There is A But
12.10.2020
Inside Tesla's Gigafactory in Nevada, US. Source: a video screenshot, Youtube/CNBC International
Elon Musk has stated reports that his Tesla Gigafactory 1 plant in the desert outside Sparks, Nevada, is fitted with a bitcoin (BTC) ATM may be “inaccurate,” while other claims show that this story...
Bitcoin Price Unmoved by Satoshi Era BTC 1,000 Move
12.10.2020
Somebody moved at least 1,000 bitcoin (BTC) that were dormant since they were mined in 2010. Bitcoin's price, however, seems to be unfazed by the event.
Twenty blocks with coinbase reward were spent on October 11, shows onchain parser Btcparser.com, with BTC 1,000 in total, in block 652,204. This...
12 Defi Con Artists Exposed – Are Rug Pulling Incidents Threatening the Future of Defi ?
12.10.2020
The ongoing hype about the abnormally high returns from Defi tokens has naturally seen many more investors moving funds to decentralized protocols. As of October 10, total value locked in Defi protocols was nearly $11 billion. However, despite this apparent endorsement of Defi, rug pulling...
Bitcoin and Altcoins Signaling More Upsides
12.10.2020
Bitcoin price gained strength after there was a clear close above the USD 11,000 resistance. BTC was able to clear the USD 11,250 and USD 11,400 levels. The price is currently (05:00 UTC) consolidating gains below USD 11,500 and it seems to be aligning for the next upside break.
Similarly, there...
Defi Community Members Aim to Sue Yearn Finance Creator Andre Cronje and Fork YFI
12.10.2020
Members of the decentralized finance (defi) community are upset with Yearn Finance founder Andre Cronje over the mishap with Cronje’s secret Eminence (EMN) project. The Eminence protocol gathered $15 million before the project was ultimately hacked before the official launch. According to...
Bitcoin for Spain’s Congress: BTC Sent to 350 Spanish Parliament Members
12.10.2020
Bitcoin has been sent to 350 deputies of the Spanish Congress as part of an educational initiative similar to the “Crypto for Congress” campaign that sent bitcoin to all Members of U.S. Congress. Bitcoin Sent to 350 Spanish Lawmakers All 350 members of Spain’s Congress of Deputies...
6 Stimulus Packages Have Been Proposed to Provide Second Direct Payments to Americans
11.10.2020
Six stimulus packages have been proposed to provide second stimulus checks for Americans. The latest proposal came from the White House on Friday. Several stimulus bills are being discussed as Americans hope to soon receive another round of direct payments to help them through the coronavirus...
$12M in ‘Satoshi Era’ Bitcoins Move: 21 Block Rewards from 2010 Spent After a Decade of Slumber
11.10.2020
On early Sunday morning around 1:38:02 a.m. (New York time), approximately 20 blocks with coinbase rewards from 2010 were spent in one block. 1,000 BTC was then consolidated into a single address before moving again. The massive movement of the decade-old ‘sleeping’ bitcoins was caught...
Kate Winslet to Star in Cryptocurrency Movie About Onecoin Ponzi Scheme
11.10.2020
A movie is being made about Onecoin’s cryptocurrency Ponzi scheme starring Oscar winner Kate Winslet. This Hollywood MGM movie is based on a true story told by a victim of the cryptocurrency fraud scheme. Onecoin Movie Starring Kate Winslet Oscar-winner Kate Winslet will be starring in...
Q3 Crypto Volumes up by $155 Billion as Defi Hype Drives DEX Growth by 197%
11.10.2020
The latest data from Coingecko shows that the combined trading volumes of cryptocurrency exchanges went up by $155 billion between July and September, from $175.7 billion to $330.6 billion. The new total volume represents a 88% increase which Coingecko attributes to the decentralized finance (defi)...
Here Are the Top Public Companies That Have Adopted Bitcoin as a Reserve Asset
11.10.2020
When Microstrategy Inc. bought $425 million bitcoin in the last two months, the decision became an important stamp of institutional approval of the top crypto’s credentials as a mature, safe-haven asset. The American technology firm had just made bitcoin its primary reserve asset to hedge...