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Emerging Markets Drive Paxful First Half 2020 Bitcoin Volume to $1.1 Billion

14.7.2020
Peer-to-peer (P2P) crypto exchange Paxful reported Tuesday that its bitcoin trading volumes climbed 35% to $1.1 billion during the first six months of 2020 compared to $817 million a year ago. More than $182 million worth of bitcoin (BTC), on average, was traded on the platform every month between...

Fidelity Acquires 10% Stake in Bitcoin Mining Firm Hut 8

14.7.2020
The giant fund manager Fidelity International holds roughly 10.6% stake in the bitcoin mining company Hut 8. For six years now, Fidelity, the firm that currently manages $300 billion on behalf of its customers, has been mining the cryptocurrency bitcoin. In May 2017, news.Bitcoin.com reported...

Crypto Exchange Cashaa Loses 336 Bitcoin Worth $3 Million to Hackers

13.7.2020
Cryptocurrency exchange Cashaa says it has lost 336 bitcoin (worth around $3.1 million) to hackers. The London-based platform has now ceased all crypto-related transactions, including withdrawals and deposits, as investigations into the breach get underway. In a tweet on July 11, Cashaa claimed...

Phemex Exchange Adds Support For ONT Token

13.7.2020
The Ontology Network is proud to announce the listing of its native token ONT on Phemex, one of the fastest-growing crypto exchange platforms, which is the brainchild of more than eight ex-executives of the Morgan Stanley group. An official Twitter post was released by Ontology to broadcast...

Youtube Helps Scammers Steal $130,000 in Bitcoin From Investors Daily: Report

13.7.2020
Scammers raked-in $24 million in bitcoin during the first six months of 2020, according to a new report from crypto monitoring service Whale Alert. Cyber-thieves are finding it very easy to fool people of their bitcoin (BTC} because their schemes have become believably professional and aggressive...

US Dept of Homeland Security Buys Analytics Software From Coinbase

12.7.2020
Coinbase is selling its blockchain analytics software to the U.S. Department of Homeland Security and the U.S. Secret Service. Following criticisms from the crypto community, CEO Brian Armstrong defended Coinbase’s position. Coinbase Selling Analytics Software to US Government Public records...

Zimbabwe’s Battle To Control Currency Inadvertently Boosts Bitcoin Profile

12.7.2020
Zimbabwe’s deteriorating economic situation is forcing authorities to sign off on some desperate and controversial decisions. Some of such decisions include the abrupt suspension mobile money as well as the recent designation of Zimswitch as a national payment switch. Reserve Bank of Zimbabwe...

Christophe Cieters: Monopoly Money

12.7.2020
As money developed and people opted to place it in secured storage, banks started issuing banknotes which represented a client’s deposit at the bank and the promise to redeem each note for the amount of gold it represented at a 100% reserve rate. Market exchange rates of the coins were...

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