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Report: Pandemic Response Pushed Global Debt to $272 Trillion in Q3, $5T in Borrowing Expected in Q4
20.11.2020
The Institute of International Finance (IIF) says global debt will soar to a record $277 trillion by the end of 2020 as governments and companies continue to spend in response to the COVID-19 pandemic. Already, the debt has ballooned by $15 trillion this year to $272 trillion through September....
Deutsche Bank: Investors Increasingly Choose Bitcoin Over Gold to Hedge Dollar Risk, Inflation
20.11.2020
Deutsche Bank’s strategist Jim Reid reportedly wrote that investors are increasingly demanding to use bitcoin instead of gold to hedge dollar risk and inflation. His research concurs with one recently published by JPMorgan’s analysts that shows institutional investors moving from gold...
Thailand’s New Rules Help Securities Companies Launch Crypto Exchanges
20.11.2020
Thailand has reportedly revised its net capital rules which help securities firms launch cryptocurrency exchanges. The country now has 15 licensed crypto service providers. New Thai Rules and Crypto Exchanges The Thai Securities and Exchange Commission (SEC) has revised its net capital (NC) rules...
Coinflex Launches Noncustodial Interest-Bearing Stablecoin on BCH and ETH Networks
19.11.2020
The cryptocurrency exchange Coinflex has announced the launch of a unique interest-bearing stablecoin called Flexusd. The new stablecoin is considered to be the first dollar-backed crypto that pays interest at the base level. Moreover, the new token is built on the Ethereum blockchain and...
Millionaires FOMO: 73% Will Own Bitcoin by 2022, Survey
19.11.2020
Hundreds of millionaires have revealed in a new survey that they have either already invested in bitcoin or are planning to invest in the cryptocurrency in the next couple of years. Millionaires Don’t Want to Miss Out on Bitcoin A new global poll by Devere Group shows that 73% of millionaires...
New Dutch Law: Clients Must Explain Why They Want To Buy Bitcoin
19.11.2020
Netherlands-based crypto exchanges are now required by law to get additional information from clients regarding their bitcoin addresses. As part of the new requirements, which went into effect on Nov. 17, clients must now furnish exchanges with reasons why they wish to buy bitcoin. They will also...
OCC’s Brian Brooks Says China Owns Bitcoin but Crypto World Disagrees: Chinese Crackdown Pushes Miners Away
19.11.2020
Bitcoiners on social media have panned remarks by acting U.S. currency comptroller Brian Brooks that bitcoin is owned by China due to the country’s disproportionate share of the crypto’s mining power. The bitcoiners argue that the disproportionate number of miners stationed in China...
Quppy Users Are Offered a Referral Program
19.11.2020
PRESS RELEASE. Quppy services can now be referred for an attractive direct cashback. The Quppy digital financial solution is launching its first referral program. Quppy current and new users are now provided with their unique referral links to share among their communities. The Quppy referral...
Crypto Security Firm Fireblocks Raises $30 Million in Series B Funding, Targets Global Expansion
19.11.2020
Crypto security firm Fireblocks said Wednesday that it has raised $30 million in a Series B funding round. The money will be used to hire new talent as well as to expand its global operations to meet “institutional and retail market demand for digital assets.” The round was led...
CMC Announces Next CoinMarketCap Earn Campaign With Orchid
19.11.2020
CoinMarketCap Earn, a place for crypto enthusiasts to learn more about how a cryptoasset works while earning crypto rewards, hasContinue Reading
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Mexican Billionaire Ricardo Pliego Invests 10% of Liquid Portfolio in Bitcoin- Says the Crypto Shields Against Wealth Expropriation
19.11.2020
Mexico’s second-richest person Ricardo Salinas Pliego confirms that 10% of his liquid portfolio is invested in bitcoin. The billionaire says the top crypto protects the wealth of private citizens from getting expropriated. Pliego advises his followers that might want to follow his...
‘Control the Pandemic’ – Fed Chair Jerome Powell Predicts the Entry of a ‘Different Economy’
19.11.2020
Federal Reserve Chair Jerome Powell told participants at the Bay Area Council Business Hall of Fame Awards Ceremony on Tuesday that the economy will never be the same after Covid-19. According to Powell, the use of accelerated technology will change the way the global economy operates as...
Ray Dalio Admits He May Be Wrong About Bitcoin But Still Concerned of Government Ban
19.11.2020
Billionaire hedge fund manager Ray Dalio has admitted that he may be wrong about bitcoin after stating that governments will ban the cryptocurrency if it “becomes material.” Dalio founded Bridgewater Associates; his hedge fund is the largest in the world. Ray Dalio Open to Learning...
US Senator Cynthia Lummis to Ensure Congress Understands Bitcoin Is a ‘Great Store of Value’
18.11.2020
Bitcoiner Cynthia Lummis has been elected to the U.S. Senate. She has revealed that one of her priorities is to explain to her colleagues in Congress about bitcoin being “a great store of value.” Cynthia Lummis Plans to Convince Congress That Bitcoin Is a Great Store of Value Cynthia...
Grayscale Surpasses $10 Billion in Crypto Under Management With Over 500,000 BTC in Bitcoin Trust
18.11.2020
Grayscale Investments has surpassed $10 billion in cryptocurrency assets under management. About $8.85 billion are held in the Grayscale Bitcoin Trust, which now holds more than 500,000 bitcoins. Over $10 Billion Under Management Grayscale Investments announced Tuesday that it has surpassed a major...
Curate, Next Generation Yield Farming
18.11.2020
PRESS RELEASE. Curate decentralized platform has set the goal of maximizing the DeFi potential. The main task is to create a complete platform autonomy with a gradual transition to self-management by community members. Curate is an autonomous full-cycle ecosystem. Platform members use ETH-Xcur...
Bitcoin Touches $18K, Crypto Asset Looks to Smash All-Time High, ETH Price Could Spike 20x
18.11.2020
On Wednesday, November 18, 2020, the price of bitcoin has been coasting along at levels not seen since the decentralized currency’s all-time high three years ago in 2017. The cryptocurrency’s market capitalization is currently hovering at around $334 billion today. Likewise, the daily...
Bitcoin’s All-Time Highs & the End to Uniswap’s UNI Mining: A Data Perspective by IntoTheBlock
18.11.2020
Powered by Every week, IntoTheBlock brings you on-chain analysis of top news stories in the crypto space. Leveraging blockchain’s publicContinue Reading
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Origin Defi Protocol Suffers Massive Flash Loan Attack- OUSD Stablecoin Value Plunges 85%
18.11.2020
The OUSD stablecoin issuer, Origin Protocol is the latest Defi protocol to fall victim to a flash loan attack. The attack, which occurred in the early hours of Tuesday, on November 17, resulted in the disappearance of tokens worth millions of dollars. Confirming the attack, one of...
Bitfinex, a Pioneering Tier-1 Exchange, Lists XinFin Network’s Native XDC Token
18.11.2020
PRESS RELEASE. After Indodax, Alpahex.net and Bitrue, XinFin Digital Contract ($XDC) tokens—the fuel of XinFin’s enterprise-ready, hybrid blockchain ecosystem—will be available on Bitfinex—a pioneering Tier-1 exchange—from 11 a.m. (UST) on November 16, 2020....