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2020

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Nov

Binance exchange is terminating its bgbp stablecoin

INVESTING

Monday, 16 November, 2020 at 12:40 GMT
Leading cryptocurrency exchange, Binance has announced its plans to terminate support for BGBP, a stablecoin pegged to the GBP, the official currency for the United Kingdom, including Jersey. The last trading pair for the stablecoin will equally be delisted on the exchange. The...
Hong kong continues the call for crypto trading regulation

INDUSTRY

Saturday, 14 November, 2020 at 12:24 GMT
The CEO of the Securities and Futures Commission (SFC), Ashley Alder, said in a discourse that Hong Kong will before long manage all digital currency exchanging stages, regardless of whether they exchange securities.  ...
Paypal opens crypto services to millions of eligible account holders in the us

INDUSTRY

Thursday, 12 November, 2020 at 20:08 GMT
Payment processing giant Paypal announced on Thursday that “all eligible Paypal account holders in the U.S. can now buy, hold, and sell cryptocurrency directly with Paypal.” The news follows the company’s announcement to support crypto assets at the end of October. ...
The us sec collected over $1‚26 billion from illegal icos in 2020

WARNINGS

Thursday, 12 November, 2020 at 07:52 GMT
The Enforcement Division of the U.S. Securities and Exchange Commission has collected more than $4.68 billion in illegal income and fines in 2020. Around $1‚26 billion in penalties was handed over to the US SEC by unregistered initial coin offerings alone this year. The...
China construction bank plans to issue $3 billion bonds using blockchain

INVESTING

Wednesday, 11 November, 2020 at 08:21 GMT
In a recent report, the China Construction Bank (CCB)’s Malaysian unit, in partnership with Hong Kong-based exchange, Fusang, has unveiled plans to issue up to $3 billion bonds using blockchain. ...
Bitcoin hashrate grew by 12 percent

INDUSTRY

Tuesday, 10 November, 2020 at 07:23 GMT
The Bitcoin hashrate has been dropping since the past month, as people speculated that Chinese miners have been switching off their machines for migration. However, the network hashrate began to recover since November 3, where the hashrate dropped to 106.65 million terahashes...
Norges bank uninterested in launching a cbdc

INDUSTRY

Monday, 9 November, 2020 at 18:58 GMT
The deputy governor at Norway’s central bank, the Norges Bank, stated that there is no immediate need to launch a central bank digital currency. Speaking at the Finance Payments Conference, Ida Wolden Bache said that there is no urgent need to launch a digital version of the...
Canada revenue agency wants data on all coinsquare users

INVESTIGATIONS

Sunday, 8 November, 2020 at 20:26 GMT
Canada’s tax authority is reportedly asking a federal court to force cryptocurrency exchange Coinsquare to hand over information and certain documents on all of its users since the beginning of 2013. The Canadian crypto exchange has over 200,000 users. ...
Wyoming bitcoin holder is heading to congress

INDUSTRY

Saturday, 7 November, 2020 at 20:28 GMT
Is bitcoin coming to the U.S. Senate? That’s how it looks in Wyoming after the state has elected a Republican cryptocurrency holder and digital currency advocate to office. Cynthia Lummis is a crypto owner that was recently elected to the Senate to represent Wyoming. Many...
Problems that may rise with digital dollar

NONE

Thursday, 5 November, 2020 at 07:31 GMT
Payments in the digital realm are increasingly being brainstormed amongst banking and currency experts worldwide. Cashless and contactless payments are the most trending terms debated among payment merchants and regulating bodies alike. The fantasy of cutting the middlemen of...

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