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Wednesday, November 25, 2020

CryptoCurrency News: Bitcoin Price Drops $1,000 Before Recovering in Sharpest Sell-Off in 3 Weeks



Bitcoin fell more than $1000 dollars, it's sharpest decline in almost three weeks, as panic gripped the markets.

via CoinDesk

CryptoCurrency News: Coinbase CEO: Trump Administration May ‘Rush Out’ Burdensome Crypto Wallet Rules



Coinbase CEO Brian Armstrong publicly voiced concern that the outgoing Trump Administration may ram through onerous new data-collection requirements for crypto exchanges.

via CoinDesk

CryptoCurrency News: Market Wrap: Bitcoin Loses Momentum at $19.4K; Ethereum Fees Increasing



Bitcoin’s price rise stalled out just before hitting $19,500 Wednesday. The Ethereum network’s fees are in an upswing.

via CoinDesk

CryptoCurrency News: Galaxy Digital Bitcoin Funds Raise $59M as Institutional Cash Flows In



Galaxy Digital's institutional bitcoin fund raised an average of $1.6 million from its 33 unnamed investors.

via CoinDesk

CryptoCurrency News: The Most Bullish Bitcoin Arguments for Your Thanksgiving Table



This year, come prepared to explain the asset that has everyone from famous financiers to political dissidents talking about a money revolution.

via CoinDesk

CryptoCurrency News: Blockchain Infrastructure Firm BSN Adds Polkadot, Oasis, Bityuan to Network



China’s state-sanctioned blockchain infrastructure provider BSN is adding cross-chain protocol Polkadot, decentralized cloud data startup Oasis and China-based project Bityuan to its network.

via CoinDesk

CryptoCurrency News: Despite New Incentives to Stay, Some of OKEx’s Chinese Users Are Determined to Leave



Some OKEx's users in China are determined to leave the exchange despite new incentives designed to keep them.

via CoinDesk

CryptoCurrency News: Some Are Calling All-Time Highs for Bitcoin. Here’s Why CoinDesk Hasn’t Yet



In a fragmented global market, price quotes are all over the place. That's why CoinDesk created the Bitcoin Price Index (BPI) and is standing by it.

via CoinDesk

CryptoCurrency News: How to Answer Your Family’s Bitcoin Questions This Thanksgiving



With bitcoin in sight of its all-time high, your no-coiner family and friends are sure to be full of questions this holiday season. CoinDesk has the answers you need, courtesy of a few well-placed friends.

via CoinDesk

CryptoCurrency News: Long in China’s Shadow, the US Is Becoming a Bitcoin Mining Power Again



Following a string of investments, miners are increasingly optimistic about prospects for the U.S. market in 2021.

via CoinDesk

CryptoCurrency News: Blockchain Bites: Coinbase Cuts Margin Trading, Binance Sweeps US Clients, OKEx Offers Rebates



Coinbase has also changed the way it will alert clients to relevant tax information.

via CoinDesk

CryptoCurrency News: ‘Bypass’ Attack in Coldcard Bitcoin Wallet Could Trick Users Into Sending Incorrect Funds



Bitcoin hardware wallet Coldcard is fixing a flaw that could trick users into sending bitcoin on mainnet when they meant to use its testnet.

via CoinDesk

CryptoCurrency News: First Mover: Why Bitcoin Isn’t a Replacement for Gold Just Yet



Bitcoin's price is approaching a new all-time high, but bitcoin is not yet the replacement for gold many think.

via CoinDesk

CryptoCurrency News: Libra Association Taps Saumya Bhavsar as General Counsel for Payments Subsidiary



Bhavsar joins the Libra Association after 25 years in public and private sector banking regulation roles.

via CoinDesk

CryptoCurrency News: Square Agrees to Buy Credit Karma’s Tax Preparation Service for $50M



Cash App will make the DIY tax-prep software available for free to its 30 million monthly users.

via CoinDesk

CryptoCurrency News: VanEck Launches Bitcoin Exchange-Traded Note on Deutsche Boerse



The VanEck Vectors Bitcoin ETN is now trading on the trading on the Deutsche Boerse Xetra.

via CoinDesk

CryptoCurrency News: US Intelligence Chief Raises Concerns With SEC Over China’s Crypto Dominance: Report



U.S. spy chief John Ratcliffe was reportedly seeking clearer regulation around digital currency.

via CoinDesk

CryptoCurrency News: In India, a Clash of Digital Innovation and Internet Censorship



Among democracies, the Indian government tends to shut down the internet most frequently. Can crypto thrive in this environment?

via CoinDesk

CryptoCurrency News: Bitcoin Options Market Suggests Investors Preparing for All-Time High



Options investors appear to be eyeing more gains for the top cryptocurrency, which is now just 2.8% below a record high.

via CoinDesk

CryptoCurrency News: Russian Hospitalized After Bitcoin Mining Farm Sets Apartment on Fire



A poorly managed mining farm in St. Petersburg, Russia, set an apartment on fire and injured the operator, according to a report.

via CoinDesk

CryptoCurrency News: South Korea May Delay Implementation of 20% Crypto Tax Till 2022



The National Assembly is pushing for a delay to the tax proposal to allow exchanges more time to prepare.

via CoinDesk

CryptoCurrency News: Australia and Singapore to Trial ‘Paperless’ Trade Using Blockchain Technology



Australia's border agency will trial blockchain solutions aimed at simplifying cross-border trade with Singapore.

via CoinDesk

CryptoCurrency News: Digital Yen Would Make Crypto Markets ‘More Lively,’ Says CEO of Monex Group



Oki Matsumoto said a central bank digital currency would make it easier to convert cryptocurrency into legal tender.

via CoinDesk

CryptoCurrency News: BIS Paper Says There’s Potential to Embed Regulation Into Stablecoin Systems



The need to regulate global stablecoins like Libra doesn't mean authorities can't embrace innovation, according to according to a BIS working paper.

via CoinDesk

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