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Blockchains LLC takes over Cambridge Blockchain, supported by PayPal
About one year has passed since Blockchain LLC also took over an Ethereum set-up, Slock.it. It gave the creators the positions of Vice President of the sector and director of crypto development. Different sources verified these reports. As Blockchain LLC is planning...
New Dawn for Facebook-backed Libra as it Rebrands to Diem
Progressing toward approval by regulatory authorities ahead of its launch in early 2021, the Libra Association has rebranded to ‘the Diem Association.’ The association has made key appointments to add new members to its team before the launch. Since its official...
Huawei partners with BitTorrent to deliver services to up to 3 billion users
BitTorrent, a leading torrent program purchased by Justin Sun of TRON in 2018, just opted into a coalition with Huawei. This has prompted the Chinese mobile phone and accessories company to add BitTorrent's software and apps to numerous devices in its production line....
Hackers transfer $100m of Bitfinex’s Stolen BTC
Hackers accountable for the 2016 theft at Bitfinex have made an unexpected transfer of close to 100 Million USD worth of Bitcoin today after crypto prices got an all-time high. Hackers in charge of the movement of the stolen sum of 120000 BTC from Bitfinex in August...
Ripple sells 33% of its MoneyGram Investment
Ripple, a San Francisco-based crypto firm, decided to sell 33% of its stake in MoneyGram for the first time since June 2019, when it had its investment in MoneyGram, the money remittance giant. The blockchain payment giant has 4 million of its shares in MoneyGram that...
John Ratcliffe expresses concerns to the SEC about China’s control over cryptocurrencies
The U.S. Director of National Intelligence, John Ratcliffe, was reported to have written to the Securities and Exchange Commission (SEC) about how China controls Bitcoin and other cryptocurrencies. He said that this is a point that is arousing concern, as reported by...
Siam Commercial Bank, a RippleNet member partners with Lightnet
PR Newswire made a press release stating that there has been a merger between two companies: fintech Lightnet Group and Siam Commercial Bank (SCB). These Singapore based finance institutions joined to improve the quality of payment amenities offered by Lightnet. About...
Facebook’s Libra to Launch in January
Libra, a new Facebook’s new digital coin, is reportedly ready to launch as early as January next year. As per the Financial Times (FT) report, which talked about the matter, Libra might launch as early as 2021 January but in a restricted format.
Chinese Police confiscated $4.2B worth of cryptos from the infamous PlusToken Ponzi
A Chinese court hearing revealed that their police had confiscated $ 4.2 billion worth of crypto over the PlusToken Ponzi crackdown. On the 26th of Thursday, Jiangsu Yuncheng Intermediate People's court revealed a comprehensive breakdown of all crypto confiscated by...
U.S. Treasury to impose stringent regulations on Bitcoin Self Custody wallets, Coinbase CEO tweets
Brian Armstrong, the CEO of Coinbase, tweeted on Wednesday responding to claims that the U.S. Treasury was preparing a new set of Bitcoin Self Custody regulations. The CEO, however, did not reveal his source of this rumor on the purported new bylaw. In the previous...
Queen Elizabeth II expresses her interest to own Bitcoin, Binance CEO tweets
Changpeng Zhao, the CEO Binance, tweeted hinting that Queen Elizabeth II might be in ownership of Bitcoin after she had displayed an interest in cryptocurrency, as reported by The Financial Times. The Queen was seen to be interested in crypto study paper presented to...
Chris Larsen move 1.8 Billion XRP as Ripple Token Surges to $0.71
The former CEO of Ripple, Chris Larsen, is reported to have transacted more than 600 million XRP in a day. XRPL Monitor tracking company further reported that in an hour, 1.8 million XRP was moved in the Upbit platform, with tokens of XRP skyrocketing to 0.71 USD translating to more than a 55% rise.
TikTok & Co Go continue to pump rallying Altcoins once again
Cents had rallied as the top scorers before crypto coins, Bitcoins, made a huge step surpassing USD 1 and are currently past $19,000. This is ironic as, on the other hand, they have a smaller volume of trades summed in comparison to Bitcoin's. TikTok has yet taken a...
Bitstamp contracts Sovos Software to automate tax filing reports
Bitstamp has chosen Sovos to be their automatic crypto government levy reporter. The cryptocurrency trade platform will utilize Sovos' system to make analogue and digital tax payment as well as automatic tax reports that are timely regulatory compliance. The report...
Travala.com and BitPay jointly launches Bitcoin travel gift card
Ease in travel as the renowned travel booking service provider, Travala.com forms a joint venture with one of the largest crypto firm in Atlanta, Georgia, BitPay. As many people continue to invest in the crypto space, major business corporations continue to accept...
Softbank CEO Admits That He Does Not Understand Bitcoin
The CEO Softbank, Masayoshi Son, admitted in a recent speech that he spends a good chunk of his time monitoring Bitcoin graph because he does not understand it. During the conference for the New York Times DealBook, the 63-year-old Japanese tycoon and philanthropist...
Someone Mistakenly Pays $47,000 worth BTC to unknown address
An anonymous user has fallen victim of an expensive Bitcoin transaction error by paying over 2.66038352 BTC estimated to be worth 47,000 USD dollars to unknown bitcoin wallet The unknown transaction hash is...
Bitstamp wants Court Approval to Summon Citibank and Bank of America over delayed transactions
Bitstamp is looking for authorization to summon two banking giants, Citibank and Bank of America. The permit granted by US District Court for the Southern District is because of Citibank and Bank of America As per a report by The Block, Bitstamp has hired CNG...
Facebook and Google to adopt bitcoin payment services after PayPal
In an interview, the renowned businessman Jason Yanowitz, and also the founder of BlockWork Groups, took to Twitter and mentioned that big tech companies and financial co-operations are considering the use of bitcoins behind the scenes. Cryptocurrencies are immensely...
Skype Co-founder holds private wealth in Bitcoin and Ethereum
The co-creator of Skype, Jaan Tallinn, has invested a significant share of his private wealth reserve in Bitcoin and Ethereum. On Friday, Fortune further made public that the Estonia engineer, Tallinn, had had some of his capital invested in cryptocurrency for a while...
Ripple Renames PayID Trademark Following Copyright Infringement Lawsuit
New Payments Platform Australia (NPPA) was faced with a lawsuit for alleged breach of intellectual property rights for the branding of 'PayID' by Ripple Labs. The blockchain and payments solutions company that created Ripple (XRP) cryptocurrency has been forced to...
Bitcoin Cash price plunges as it split into two new Blockchains
Bitcoin Cash (BCH) has split into two (Bitcoin Cash ABC (BCH ABC) and Bitcoin Cash Node (BCHN) while its community remain stranded over new blockchain protocol resulting from the hard fork.
Coinbase partners with Peninsula Visa to facilitate Bitcoin payments for selected U.S passport services
Peninsula Visa, one of the oldest Visa and passport processing firm, now accepts bitcoin payment for services in the selected U.S passport services. Coinbase confirmed that they would facilitate the process by working hand in hand with the visa processing firm. In...
Ragnar Locker demands $15M Bitcoin to release 2 terabytes worth of files hacked
Last week a ransomware group (Ragnar Locker) stole 2 terabytes worth of files belonging to an Italian alcohol producer Campari and demanded a ransom worth $15 million BTC for the files to be released. A report explaining how the Italian firm served a bitter deal was...
PayPal to Open Up Crypto Services to All Eligible U.S. Customers
PayPal Holdings Inc. said that after performing a more restricted rollout over the past few weeks, it was opening its cryptocurrency platform to eligible U.S. customers. PayPal had already announced to the users about the plan in late October. Paypal will also reveal...
Ethereum experienced Technical Delays as Binance temporarily disabled Withdrawals
Infura, the renowned infrastructure service provider experienced a technical delay from a potentially contingent hard fork within the blockchain of “ETH”. The ETH infrastructure “Infura” experienced a delay within the price feed of ERC-20 and that of ETH. Today...
Gary Gensler, a Pro-Crypto Financial Advisor Appointed to Lead Biden’s Financial Policy Transition Team
Former chairperson of the Commodities and Futures Trading Commission (CFTC), Gary Gensler, has been tapped to lead projected US president-elect Joe Biden’s financial policy transition team. An official statement by the Biden campaign confirmed the appointment,...
Ripple buys back XRP worth $46m as a strategy to raise its price
The crypto giant Ripple is in the move to create value for healthy markets within the XRP platform, and to cushion their traders, has purchased XRP worth $46 million. The purchase was made a few days after the launch of a new XRP product known as Line of Credit Beta,...
Druckenmiller, the hedge fund investor, joins other Billionaire in Buying Bitcoin as a wealth reserve
Stanley Druckenmiller, the US-based billionaire, was quoted in an interview with CBNC saying that he owns bitcoin. The hedge fund investor is now recognized as the latest colossal net worth, and a high-profile investor to join the crypto space. During the interview,...
Pfizer and BioNTech discovers a 90% effective Covid-19 Vaccine in phase 3 of the study
The announcement made by Pfizer and BioNTech indicates success in the covid19 vaccine is looming within phase 3 of the study. Its success is as a result of the effect of the vaccine on sample participants. A study report indicates that up to 43,000 participants...
Ex-CFTC chairperson, advocates adoption of blockchain-based U.S. dollar in a new think tank
Christopher Giancarlo, the former chair to Commodity Futures Trading Commission (CFTC) has opened up a new think tank, aiming to encourage Americans on adopting the digital currency. Giancarlo has predicted that soon the fiat currency will become obsolete and the...
Samsung Renews a contract with Lolli (Bitcoin shopping app) to allow users earn BTC Reward
Lolli, an online cryptocurrency-focused shopping app, has renewed its contract with the South Korean electronics giant Samsung before the December festival fully kicks off. Getting your gadgets from the electronic giant can now yield bitcoin rewards via the Lolli app....
Crypto exchange FTX falls among the Joe Bidens leading contributors in the presidential race
As reported by a reliable source, opensecrets.org, a website that listed the leading contributors to the Biden’s campaign, one of the crypto exchange founder Sam Bankman-Fried, falls among the top five donors to the Democrats’ movement campaign in the US presidential...
Cynthia Lummis, a bitcoin supporter wins US senatorial seat
Cynthia Lummis vying under the Republican party has won the senate seat after beating a challenger from the Democratic party. Lummis is now representing Wyoming state in the Senate set to go for a six-year term. The newly elected Wyoming senator is a strong...
BTC soars to $14,000 within 24 hours as prediction markets welcome Joe Biden
Most investors have remained skeptical in the crypto space even after the sudden rise to $14,000 of BTC amid the US presidential elections
Hackers attempt breaking into a Bitcoin Wallet with $690 Million net worth
For almost a year, a bitcoin wallet estimated to contain 69,370 BTC translating to $690 million was circulating in the hands of hackers for decryption. This wallet is considered to be among the top 7 largest bitcoin holders in circulation as reported by a site that...
Almost $1Billion Moved From the 4th Largest Bitcoin Wallet
The fourth-largest wallet (whale wallet) having 69,369 Bitcoin with an estimated value of $1 billion were transferred to an unknown new wallet. According to BitInfocharts, the exact sum of bitcoins represents a whopping $955 million in market rates. It is the first...
Facebook embarks on a Bitcoin content-related censorship
Once again, Facebook has embarked on censoring all the posts that have the hashtag “#bitcoin.” on its platform. It’s doing so to protect the public from accessing the information such as images, videos, and blogs having the bitcoin hashtag. As per the policies of...
Is there a trade set up for BTC on US election day?
While the United States is going on with the 2020 Presidential Election, a vast cryptocurrency value fluctuation is being experienced. When the sell-off commenced, the benchmark cryptocurrency was valued at $13,605. Bitcoin bulls have been attempting to break above...
New AML Regulations Headline Latest South Korea’s Crypto Legislation
Financial Services Commission, South Korea’s financial regulator, through its Financial Intelligence Unit (FIU) has listed more stringent guidelines to be adopted in the country's latest legislation on cryptocurrency. This latest addition aims to enhance anti-money...
HSBC Bangladesh Initiates a first Blockchain Letter-of-Credit for cryptocurrency Transactions
The Daily Star reported that HSBC Bangladesh is venturing into issuing blockchain-based LoC business which will ensure fast transactions taking up to a maximum of 24 hours which previously took 5 to 10 days. What is LoC? A financial institution produces a Letter of...
MicroStrategy’s Bitcoin Node under critic by (the Bitcoin millionaire) Olivier Janssens
Olivier Janssens, a Bitcoin millionaire, and creator of the Free Society project tweeted explaining to the CEO of MicroStrategy, Michael Saylor that using MicroStrategy is of minimal importance in controlling a complete Bitcoin node. Michael Saylor replied to a...
John Mcafee Runs Ghost Cryptocurrency from Jail, Denies Tax Evasion and Allegations of Murder
John McAfee, the former US presidential candidate denied charges of tax evasion and murder. The Internal Revenue Service (IRS) says that Mcafee hid cash in real estate and a yacht between 2014 and 2018. The Securities and Exchange Commission (SEC) is also suing him...
Huawei New Smartphone Features Digital Chinese Yuan Integrated Hardware
Huawei has revealed that the new Huawei Mate 40 series will include an integrated hardware wallet for China’s central bank cryptocurrency, the digital yuan.
Binance’s Scheme to evade U.S. Crypto regulatory scrutiny exposed after ‘Tai Chi’ Document Leaks
A Forbes leaked report allegations over Binance intentions to deliberately deceive regulators and benefit from crypto investors in the United States was denied by Changpeng "CZ" Zhao, the CEO of Binance. In a statement to respond to the accusations, Zhao Twitted...
Trump’s campaign website hacked, and Hackers Demand for Monero
Yesterday, around 7 p.m. Eastern Time, the Trump Campaign web Page quickly showed a message that read, "This site was seized." The mainstream media has had enough consistent fake news allegedly spread by President Donald Trump. The campaign team of the president...
Toyota’s Tech Arm to launch a large-scale digital currency pilot on (DeCurret) a Japanese crypto exchange
Toyota Systems and its IT subsidiary have said it will dispatch a digital cash pilot with the DeCurret Japanese crypto exchange, setting out a half-year-long company token investigation.
Coinbase CEO is receiving fierce accusation over a contradictory political statement
Before long after claiming the company to be "laser-focused on achieving its mission," Brian Armstrong, the Coinbase CEO, went astray his own words by making a contradictory tweet with a false political statement during working hours. Armstrong posted a tweet from his...
Ripple Executive Explains Why PayPal Removes XRP from the Emerging Crypto Businesses
PayPal, as of late, reported it would offer cryptographic money to its clients, and it doesn't have to collaborate with anybody so as to sell XRP. The organization Ripple, which possesses a large portion of the XRP on the planet, and might want to see it utilized, can...
Kanye West’s opinion on Bitcoin during Joe Rogan Experience Podcast
On 24th October, Kanye West, a renowned Grammy award-winning rapper, made headlines across social media platforms and popular news outlets regarding a three-hour podcast interview with Joe Rogan. The topic of discussion being Bitcoin and cryptocurrencies got the...