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Bitcoin heads towards being the World’s New Reserve Currency
A renowned global strategist for the Morgan Stanley Investment Company, Ruchir Sharma, recently declared that bitcoin is headed towards replacing the dollar as the custom reserve currency.
WordPress Users can now Earn Ethereum as Ad Revenue
WordPress plugin called EthereumAds will let WordPress publishers auction for ad spaces and receive Ethereum as payment.
Sweden Government becomes the first to launch a CBDC exploration in Europe
The Swedish Government has expressed immense interest in adopting the central bank digital currency (CBDC),’ the e-Krona.’
Michael Saylor denies claims of MicroStrategy Turning into a Bitcoin ETC
Michael Saylor, the CEO of MicroStrategy, came to the spotlight once again after announcing that his company raised $600 million to allocate to Bitcoin instead of the expected $400 million.
Paxos applies to Secure national bank Charter from U.S Currency regulator
Crypto services provider, Paxos, has applied for a national Trust Bank charter with the Office of the Comptroller of the Currency (OCC).
MassMutual Life Insurance Co. buys its first batch of BTC at $100 million
The Massachusetts Mutual Life Insurance company recently joined the Bitcoin community with $100million worth of Bitcoin. The Bitcoin trading was overseen by the trading service-New York Digital Investment Group (NYDIG), and from the transaction, Mass Mutual proudly...
France Introduces Sweeping KYC Rules Targeting Crypto Anonymity
On 9 December, France introduced new know-your-customer (KYC) requirements for all crypto firms operating in the country, requiring each firm to verify its customers’ identities.
Apple’s biggest manufacturer, Foxconn, suffers a series of Bitcoin Ransomers
Reports on breach for Apple’s biggest manufacturer, Foxconn, reached the public ears on 7th December through a report by the bleeping computer.
Libra’s Rebrand Faces Potential Lawsuit from London Fintech DIEM
Facebook-backed Diem Association, which until recently was Libra Association, faces legal hurdles from a potential lawsuit by DIEM, a London-based Fintech firm.
Apple’s co-founder, Steve Wozniak, launches his newest company- Efforce
After 44 years of successfully founding and running the Apple tech giant, Wozniak’s new efforts to create a decentralized platform that invests in energy-efficient projects has been warmly received by the private companies.
Circle CEO Optimistic of a Supportive Crypto Policy Under Biden Administration
Circle founder and CEO Jeremy Allaire is hopeful that the incoming Biden administration will ultimately support cryptocurrencies, setting up the competitiveness of the United States in the crypto industry. During an interview with Squawk CNBC host Andrew Sorkin, Mr....
Is the famous Dutch family, the Taihuttus, still investing in Bitcoin?? CNBC finds out
Back in 2017, a Dutch family, the Taihuttus, made news after they liquidated all their assets to buy Bitcoin. CNBC got in touch with the family this year to assess how the family is doing
Founder, CEO Global exchange arrested in China, and its withdrawals suspended
Collin Wu, a crypto reporter from China twitted claiming that a Chinese exchange, CEO Global operations have been disabled and its founder arrested. The reporter is famous for covering interesting subjects in the Chinese crypto market. Investigations pending The...
MicroStrategy Adds $50 Million in Bitcoin, Now Holds over 40,800 Bitcoins
MicroStrategy Inc. has bought approximately 2,574 BTC paying $50 million for the most valuable cryptocurrency, according to a U.S. Securities and Exchange Commission (SEC) filing.
Spotify to employ a Sub-Director to lead Libra stablecoin project and internal crypto efforts
Following the recent Spotify news, the company is looking for a sub-director it can hire. The candidate will be tasked with: leading imbursement amenities used in the company's crypto. This news was announced by a public post on the streaming facility's site. The...
Shirbit, a leading Israel Insurance firm, suffers a data breach and up to 200BTC demanded as ransom
Shirbit, one of the largest insurance companies in Israeli, has been hacked and is currently dealing with investigations to uncover the attack that left their servers and websites vulnerable in the wake of this month. Personal information belonging to its clients and...
Ethereum’s Vitalik Buterin Reveals Roadmap for Ethereum 2.0 after Successful Launch
Ethereum co-founder Vitalik Buterin has published an updated roadmap for Ethereum 2.0 (Eth2). This update follows the Beacon Chain’s successful launch that introduces the Proof-of-stake consensus model to the Ethereum ecosystem.
Renowned Bitcoin Critic, Peter Schiff Calls Out Grayscale for “Made Up” Bitcoin Bullish Trend
Vocal Bitcoin (BTC) critic Peter Schiff has called out the latest bullish trend by cryptocurrencies, claiming that the trend is puffed. Schiff, a gold bug, accused Grayscale Investment of “fueling the bubble” through ads on mainstream media.
S&P Dow Jones partners with Lukka to provide crypto indices in 2021
S&P Dow Jones, brands will utilize information provided by Lukka, a cybernetic coinage firm located in New York. This info is collected from 550 and more leading cryptos.
Flori Marquez amongst other crypto players shortlisted in Forbes 30 under 30 edition
Forbes recognized Flori Marquez for her outstanding contribution in the crypto industry. She is the co-founder of BlockFi, a crypto loaning company.
Visa partners with Circle, an Ethereum Digital-Dollar Startup to enable integration of USDC to cardholders
Visa, a top credit card company, has revealed its partnership plans with Circle Internet Financial (CIF), popularly known as Circle, an Ethereum Digital-Dollar Startup and a developer of global payments network with over 60 million traders.
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,...