TokenPost reporter
Mark Jason Alcala
Stories by Mark Jason Alcala
- Bitcoin (BTC) mining firm Core Scientific acquires 59,000 additional S19 and S19 Pro Antminers
Core Scientific now has more than 77,000 crypto mining rigs with a total computing power of 7.26 EH/s.
· Business
- Kiyosaki says Bitcoin (BTC) could reach $50K in 2021 as crypto soars to $22K for the first time
Institutional demand could push BTC's price to $50K next year.
· Insights & Views
- UK investment firm shifts from gold to Bitcoin (BTC) as major currencies devalue
Ruffer International has added Bitcoin to its Multi-Strategies Funds as a defensive move against fiat devaluation.
· Business
- Italy’s Banca Generali private bank to offer crypto custody service by 2021
Known as Italy's best private bank, Banca Generali will start offering crypto custody service via an agreement with Bitcoin wallet provider Conio.
· Business
- Bitcoin (BTC) institutional demand to grow to $600B
JPMorgan analysts that demand for BTC by insurance firms and pension funds could balloon to $600 billion.
· Investing
- Crypto trader arrested by Indian authorities for laundering money using USDT
Indian authorities arrested a cryptocurrency trader for his alleged involvement in a money-laundering scheme connected to illegal betting apps.
· Regulation
- Putin orders disclosure of crypto holdings of Russian officials by June 2021
Russian officials will be required to submit a report that details their crypto holdings.
· Regulation
- France bans crypto exchanges from opening anonymous accounts
France combats the potential use of cryptocurrency for terrorist financing by issuing a new ordinance.
· Regulation
- Venezuela evades sanctions by using Bitcoin (BTC) as payment for imports
Venezuela paid imports from Turkey and Iran with Bitcoin to bypass U.S. sanctions.
· Regulation
- Fidelity’s crypto investors can now use Bitcoin (BTC) as collateral for loans
Institutional investors can now pledge their Bitcoin as collateral for cash loans.
· Business
- There’s room for both private cryptocurrency and CBDC, says Standard Chartered CEO
Bill Winters believes that both privately owned cryptos and government-backed CBDCs have different roles to play in the future of finance.
· Insights & Views
- Kookmin Bank’s plans to roll out the beta version of its crypto custodial services to corporate clients this month
South Korea's largest bank will be rolling out its cryptocurrency custody service soon.
· Business
- Executives of South Korean crypto exchange facing fraud charges
Executives of South Korean crypto exchange facing fraud charges
· Regulation
- MicroStrategy plans to buy more Bitcoin (BTC) by raising funds via the issuance of senior convertible notes
MicroStrategy plans to raise $400 million and use the net proceeds to buy more Bitcoins.
· Business
- LayerX partners with xID to develop a blockchain-based voting system for Japan’s Kaga City
The firms assured that their blockchain-based system will address concerns about online voting such as double voting.
· Technology
- German bourse’s crypto trading app volume surpasses $1.2B as active users rose by 180% in 2020
Total trading volume on the Bison crypto trading app soars past one billion euros in 2020.
· Business
- Bitcoin (BTC) mining revenue soars 48% to $522M in November
Estimated BTC mining revenues rose in November, the highest level since September 2019.
· Business
- $500 billion is the wrong market cap for Bitcoin (BTC), says hedge fund manager
Paul Tudor Jones says that even if BTC's market cap reaches $500 from its current $359B, the crypto will still be undervalued compared to gold.
· Insights & Views
- A third of U.S. crypto investors feel ICO founders deceived them intentionally
A recent survey revealed U.S. crypto investors' attitude on ICOs.
· Insights & Views
- PayPal CEO bullish on crypto and sees it becoming less volatile with increasing adoption
PayPal's CEO said that cryptocurrency prices are going to stabilize as digital tokens enter mainstream use.
· Investing
- Bitcoin (BTC) has the potential to involve into a global asset, says BlackRock CEO
The CEO of the world's largest asset manager believes Bitcoin has the potential to become a global asset.
· Insights & Views
- Venezuela’s military starts to mine Bitcoin (BTC) via its new crypto mining center
Venezuelan army just inaugurated a new facility that will be used to mine Bitcoin.
· Technology
- Libra crypto launch could happen in January 2021
Sources familiar with the matter revealed that Facebook could be launching a USD-backed Libra crypto as early as January next year.
· Technology
- Bitcoin (BTC) theft and fraud will rise in 2021 as poverty increases due to the COVID-19 pandemic
Cybersecurity specialist Kaspersky released online threats to watch out for next year.
· Technology
- Bitcoin (BTC), Ether (ETH), Litecoin (LTC), other cryptos now accepted in Pizza Hut stores in Venezuela
Customers can now use crypto to pay for orders in all Pizza Hut locations in Venezuela.
· Business
- Cypherpunk recalibrates crypto portfolio by buying Bitcoin (BTC) and selling Ether (ETH) and Monero (XMR)
Canadian investment firm more than tripled its Bitcoin holdings to 276,479 BTC.
· Business
- Guggenheim Partners planning to invest $497M in Bitcoin (BTC)
Guggenheim Macro Opportunities Fund plans to invest 10 percent of its net asset value in Bitcoin via Grayscales' GBTC.
· Investing
- Bitcoin to rise by 20X as $15 trillion of investments enter into BTC and gold in a decade
Dan Tapiero, Gold Bullion International co-founder and a veteran macro investor, believes Bitcoin could reach $200K in five years.
· Insights & Views
- Ukraine launches cryptocurrency and blockchain TV series
The Ukrainian government aims to educate its citizens on blockchain, Bitcoin, and cryptocurrency.
· Technology
- $4.2B in crypto including BTC, ETH, LTC, and EOS seized by Chinese authorities from Ponzi scheme
Chinese authorities recovered various cryptocurrencies worth more than $4.2 billion from the TokenPlus Ponzi scheme operators.
· Regulation
- Crypto exchange Huobi expands in Malaysia
Singapore-based Huobi announced the launch of its cryptocurrency trading platform in Malaysia.
· Business
- Novogratz says investors should put 2% to3% of net worth in Bitcoin despite the recent correction
The Galaxy Digital CEO urged investors to hold Bitcoin for five years to see massive gains.
· Insights & Views
- India’s millennial investors believe cryptocurrency a good asset class
CoinDCX recently released the results of a survey that studied Indian investors' attitude towards cryptocurrency.
· Insights & Views
- Crypto investors move Bitcoin from OKEx after platform reactivates withdrawal function
Platform experience biggest Bitcoin outflow this year after OKEx resumes withdrawal function.
· Business
- Australian investment firm moves to Bitcoin due to client demand
Pendal Group, an Australian investment firm with over $73.6 billion in AUM, has started investing in Bitcoin futures through the Chicago Merchantile Exchange.
· Business
- PayPal Crypto user complains of suspended account for trading too frequently
PayPal reportedly suspected an account citing "potential risk."
· Business
- Lithuania sells seized crypto composed of BTC, ETH, and Monero (XMR) for $7.5 M
Lithuania's tax authority just completed its first sale of seized cryptocurrencies that includes Bitcoin, Monero, and Ether.
· Regulation
- Implementation of South Korea’s 20% crypto tax moved to January 2022
The government partially accommodated the Korea Blockchain Association's request to postpone the implementation of the new crypto tax.
· Regulation
- Biden’s choice for Commerce Secretary could be good for the cryptocurrency industry
President-elect Joe Biden is reportedly considering as his new Secretary of Commerce.
· People
- Crypto exchange Coinbase removing margin trading feature starting Nov. 25
Coinbase announced the removal of the platform's margin trading feature citing recent guidance from the Commodity Futures Trading Commission.
· Regulation