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Broker Confirms that Bithumb is up for Sale, Big Players ‘Interested’
23.9.2020
An accounting firm has confirmed that Bithumb, South Korea’s major crypto exchange, is up for sale.
As reported yesterday, the troubled Bithumb Holdings, which owns over 70% of the exchange is actively looking for a buyer. Accounting firm Samjong KPMG, a joint-venture firm that includes Dutch giant...
Keiser Insists ‘Bitcoin Inversely Correlated To USD Not Stock Markets’ After Crypto Market Tumble
23.9.2020
Reports that global banking giants helped criminals launder money for close to two decades helped spark the crash of global stock markets on Monday, September 21. Also tumbling in tandem with stocks were cryptocurrencies thus leading to renewed concerns that digital assets are intertwined with...
Bitcoin Mining Legalized in Venezuela, Miners Must Join ‘National Pool’
23.9.2020
The government of Venezuela said that it has legalized bitcoin (BTC) and altcoin mining – but added that miners will have to obtain licenses and agree to be supervised by regulators.
According to media outlet Criptonoticias, the government has issued an official decree stating that all crypto...
VIDYA’s Public Sale Marks the Dawn of a New Blockchain Gaming Era
23.9.2020
In 2017, the gaming world was revolutionized by the massive success of a simple blockchain game called CryptoKitties. It enabled players to breed and trade unique digital cats via a series of smart contracts on the Ethereum blockchain. That simple concept led to a game that now boasts millions...
No Plans to Sell Bitcoin ‘On Short Notice,’ MicroStrategy CEO Confirms
23.9.2020
Despite worries in the cryptoverse that the US-based software firm MicroStrategy might not be such a strong holder of bitcoin (BTC) as many had hoped, the company’s CEO said that he has been misrepresented by the media, and that he has no intention of selling bitcoin “on short notice.”
The...
SBTC Plummets by 99% as Devs Announce Dissolution of Token
23.9.2020
The price of SBTC plunged by nearly 98% in just over an hour on September 21 as devs announced the dissolution of the token. The dissolution announcement came more than a month after the token reached an all-time high of $5.07. At the time of writing, the token was quoted at $0.007 down from $0.64....
Tokenized BTC Crosses $1B Notional: Ethereum Cements Role as Bitcoin’s Main Sidechain
23.9.2020
Years ago when the Bitcoin network started suffering from higher fees and congestion, a number of bitcoiners advocated the use of sidechains in order to relieve the main chain’s duties. However, they didn’t realize that the Ethereum network would solidify its role as Bitcoin’s...
Survey: Large Number of Yield Farmers Can’t Read Smart Contracts Despite High Risk
23.9.2020
A new Coingecko survey has found that a large number of yield farmers do not know how to read smart contracts despite claiming they understand the risks that come with such investments. According to the survey, which polled 1,347 people, around 40% of decentralized finance (defi) users cannot...
Craig Wright’s Summary Judgment Denied – Billion Dollar Bitcoin Lawsuit Heads to Trial
22.9.2020
On Monday afternoon, Judge Beth Bloom, from the District Court of Florida, denied Craig Wright’s summary judgment and the infamous billion-dollar bitcoin lawsuit will go to trial in January. The court published a 93-page decision on the matter, as Judge Bloom detailed that “a genuine...
Execs Managing $78B in Assets Say Institutional Investors Plan to Allocate More Cryptocurrencies
22.9.2020
New research from the digital currency insurance firm, Evertas, shows that a surveyed group of investors managing roughly $78 billion in collective assets believes that during the next five years, institutional investors will “dramatically” increase their crypto asset holdings. This...
JD.com Joins Digital Yuan Pilot, Canadians Get New BTC & ETH Exchange + More News
22.9.2020
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
JD.com, a multi-billion dollar Chinese e-commerce platform, has joined the central People’s Bank of China (PBoC)’s digital yuan...
Bitcoin News Roundup for Sept. 22, 2020
22.9.2020
With bitcoin at risk of falling to four figures and new guidance from the OCC, CoinDesk’s Markets Daily is back for your latest crypto news roundup!
US Banks Can Now Hold Reserves for Stablecoin Issuers, Says Federal Banking Regulator
22.9.2020
The U.S. Office of the Comptroller of the Currency (OCC) on Monday published a letter clarifying that national banks and federal savings associations can now hold reserves for stablecoin issuers in the country. According to the OCC’s interpretive letter, reserve accounts can either be funded...
Global Hashpower Exchange Launches World’s First Exchange Dedicated to Hashpower Futures – GHPEX.com
22.9.2020
September 22, 2020 – Global Hash Power Exchange today announced the launch of GHPEX.com, the world’s first crypto exchange devoted to trading hashpower futures, signaling the next evolution of crypto trading. Designed for traders and miners in mind, GHPEX.com offers traders the ability...
New Crypto ETF in Bermuda May Help Institutional Inflow
22.9.2020
With resistance from US financial regulators still remaining, a Brazilian company has received approval to list a crypto-focused exchange traded fund (ETF) on the Bermuda Stock Exchange. And according to the man behind the ETF, increased institutional interest in crypto may follow the listing later...
Bithumb Operator Wants At Least USD 430m For Its Stake In Exchange - Report
22.9.2020
One of the biggest crypto exchanges might be sold as South Korean market-leader Bithumb is reportedly looking for a buyer.
Per Herald Kyungjae, undisclosed investment banking sources have told the media outlet that Bithumb operator Bithumb Holdings is actively looking for a way out of the market....
Bitcoin ATMs Surpass 10,100 Worldwide: Expert Shares Industry Outlook
22.9.2020
The bitcoin ATM industry has reached a milestone as the number of machines installed worldwide has surpassed 10,000 after seven years since the first machine was installed. There are now 10,162 bitcoin ATM locations spread across 71 countries. Number of Bitcoin ATMs Exceeds 10K The number...
Leaked Data Outs Bitcoin Investment Company as Scam: Founders Deny the Allegations
22.9.2020
A South African group calling itself “Anonymous ZA” has published fresh information that seemingly supports long-standing allegations that Mirror Trading International (MTI), an ostensible bitcoin investment company, is running a multi-level marketing scam. The new information, which...
Iran Grants Bitcoin Miners Exclusive Access To Electricity From Three Power Plants
22.9.2020
Iran has granted bitcoin miners exclusive access to electricity generated from three power plants for their mining activities, according to state power utility Thermal Power Plant Holding Company (TPPH). Mohsen Tarztalab, managing director of TPPH, told a local news agency on Monday that...
Turbulent Crypto Markets Expected – 87K Worth of Bitcoin Options Set to Expire on Friday
21.9.2020
Markets are expected to be volatile this week, as a great number of bitcoin and ethereum options are set to expire this Friday. Data shows more than 87,000 bitcoin options will expire and 77% of the action is held on the Deribit exchange. U.S. stocks dropped hard on Monday, as the Dow Jones...