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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: ‘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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