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Genesis Doubles Crypto Loan Issuance for the Third Quarter to $5.2 Billion
1.11.2020
Crypto lender Genesis provided $5.2 billion in new loans in the third quarter of 2020, more than double its previous record of $2.2 billion in the preceding quarter. Issued to corporate borrowers such as hedge funds and trading firms, the loans are mainly denominated in bitcoin (BTC), ether (ETH)...
Lightning Network Exploits Continue to Hinder the Bitcoin Scaling Solution
1.11.2020
While bitcoin has run-up to all new price highs in 2020, a great number of crypto supporters have been complaining about the mempool backlog and the high fees needed to send a transaction. Meanwhile, the Lightning Network is far from seeing widespread adoption, and a number of attack vectors have...
Satoshi Nakamoto’s Bitcoin White Paper: A 12-Year Old Summary of Robust Unstructured Simplicity
1.11.2020
Cryptocurrency supporters all around the world are celebrating the fact that today is the 12th anniversary of the Bitcoin white paper, a summary of the invention created by the pseudonymous inventor Satoshi Nakamoto. Bitcoin’s inventor published the paper on metzdowd.com’s Cryptography...
John McAfee Pumps Crypto From Prison, Denies Tax Fraud and Murder Charges
31.10.2020
John McAfee has shared many details about his life in Spanish prison and chances of extradition to the U.S. He additionally claims to have regained control of his ghost cryptocurrency project. Prison Life ‘Is an Adventure’ Former U.S. presidential candidate and antivirus software tycoon...
$1.1 Billion Crypto Ponzi: Masterminds of Wotoken Head to Prison in China
31.10.2020
A Chinese court has confirmed the sentencing of the masterminds behind the 7.7 billion yuan Chinese Ponzi scheme Wotoken, which had over 715,000 investors. Wotoken Scammers Sentenced to Prison The Intermediate People’s Court of Yancheng city, Jiangsu province, denied an appeal by four...
OCC’s Brian Brooks Against Government Issued Digital Dollar – Supports Regulation of Privately Issued Stablecoins
31.10.2020
The acting director of the U.S. Office Comptroller of Currency (OCC) Brian Brooks says the creation of the U.S. digital dollar is a terrible one because the government is not good at building things. Instead, Brooks believes tech companies, which already possess the know-how, to be in a better...
Yield Trust DeFi Protocol with Anti-Manipulation and Unique Trust Score Feature – Presale Now Live
31.10.2020
PRESS RELEASE. Yield Trust Team from Stockholm, Sweden is ready to launch their new DeFi protocol for public access, providing users exciting and unique technologies to finally beat market manipulation and reduce market affection by the whales. The protocol is going to grow all around starting it’s...
Bitcoin.com Exchange Reveals Role in the Cryptopia Rescue Group
31.10.2020
The world-class trading platform, Bitcoin.com Exchange announced it’s participating in the Cryptopia Exchange rescue consortium in order to help redistribute coins to customers. Bitcoin.com’s trading platform will provide an exchange environment in order to bolster the Cryptopia Rescue...
FTX Increases Trump Futures Margins Before the Election, Biden Futures Lead by 64%
31.10.2020
At the beginning of the year, the trading platform FTX Exchange launched a futures market so people can bet on the U.S. election and created a futures contract token called TRUMP. On Friday, FTX revealed that the exchange is lifting the initial margin requirements to $0.50 for its TRUMP token...
Central Banks Dump Gold for the First Time Since 2010, Precious Metal Drops 9% Since August High
30.10.2020
A few central banks have started selling tons of gold for the first time since 2010 in order to ease the financial suffering from the Covid-19 pandemic. At $1,875 per ounce, gold prices are down -9.63% since the commodity’s high of $2,075 on August 6. Even though gold has dropped...
The New Bullrun Rushes Investors Towards Securypto
30.10.2020
PRESS RELEASE. With Round 1 Fully Sold Out, Investors scramble to get on board of Securypto IEO. In a world where datahacks have become the norm rather than the exception, anonymity has become a necessity. Securypto project is making headlines across major news media for its remarkable innovative...
Remittance Costs Lower in Q3 World Bank Study Shows – Only Cryptocurrencies Meeting UN Goal
30.10.2020
The latest study by the World Bank shows that it costs 4.98% on average to remit funds to South Asia which makes it the least expensive region while sub-Sahara Africa is the most expensive with an average cost of 8.47%. The quarterly study also finds that it is costlier to remit funds when using...
In Defense of Tables and Floats in Modern Day Development
30.10.2020
Twenty-plus years ago, tables were the main way web pages were created in HTML. It gave web builders consistent control of constructing pages with some “design.” No longer did sites only have to be top-to-bottom in a linear manner — they could be set up with columns that align left-to-right...
The SEC Votes to Modernize Regulatory Framework for Derivatives Use
30.10.2020
The US Securities and Exchange Commission (SEC) will enhance the regulatory framework for derivatives use by registered investment companies after passing a vote to either change or amend existing rules. As part of the new framework–which covers mutual funds, exchange-traded funds (ETFs),...
Crypto Startup Avanti Receives License To Operate as National Bank in Wyoming
30.10.2020
Crypto startup Avanti Financial Group has been granted a license to offer banking services by the Wyoming State Banking Board. The license, or bank charter, means Avanti can now operate as a conventional bank – but one with a twist, capable of holding both crypto and dollars. It plans...
MoAfrika – Africa’s Biggest Online Tour Operator now Accepts Bitcoin
30.10.2020
PRESS RELEASE. With relaxed restrictions on lockdown measures in numerous countries around the world, Africa has opened her doors to tourists on both national and international levels yet again – albeit with strict health regulations to ensure the safety of all personnel and visitors....
Report: Bitcoin Set for its Biggest Breakout Yet
30.10.2020
A recent Coinmetrics report says on-chain fundamentals are hinting at bitcoin experiencing its biggest breakout yet. The report notes that bitcoin is already showing signs of this following its rise by about $1,000 in one day on October 21. The digital asset has subsequently set a new all-time high...
Fidelity Investments’ Digital Asset Custody Services Arm Expands to Asia
30.10.2020
Fidelity Digital Asset Services has revealed the company is expanding into Asia and plans to help high-net-worth investors and family offices in the region with custodial crypto products. Fidelity is working with the Singaporean startup Stack Funds, a fully-insured custody operation servicing...
Dutch Police Seize $33 Million in Bitcoin from Couple Accused of Money Laundering
30.10.2020
Prosecutors from the Netherlands have seized 2,532 bitcoins worth $33 million after a couple was convicted of money laundering by the Rotterdam District Court. The man and his wife were sentenced to two years for illegal money transmission and the court claims the couple’s bitcoin stash...
KPMG Expands Crypto Management Suite to Boost Institutional Adoption
29.10.2020
KPMG’s cryptocurrency management suite has expanded with the company’s integration of Coin Metrics’ products. KPMG’s new tools are “designed to enable the increasing institutional adoption of cryptoassets.” KPMG Enhances Its Crypto Management Suite KPMG...