TokenPost reporter
Mark Jason Alcala
Stories by Mark Jason Alcala
- XRP, Stellar, and Cardano beat Bitcoin (BTC) in weekly gains
There are five lesser-known cryptocurrencies that are beating Bitcoin in terms of weekly gains.
· Investing
- Bitcoin (BTC) surges past $19K as cryptocurrency’s market cap surpasses JPMorgan
Bitcoin's market capitalization soared to $354 billion, surpassing JPMorgan's $349 billion.
· Investing
- Coinbase’s cryptocurrency under custody more than tripled to $20B in just seven months
Institutional investors have brought in $14 billion into the crypto space since April 2020.
· Investing
- Cuba’s cryptocurrency adoption to increase after Western Union’s closure
After two decades, Western Union closed its Cuban operations due to U.S. sanctions.
· Regulation
- Suzhou City getting ready for digital yuan’s second lottery
A total of 10 million in digital yuan is up for grabs for lucky residents of Suzhou city on December 12.
· Technology
- Bitcoin rally is partly driven by PayPal’s purchase of 70% of newly-mined BTCs
Four weeks since it started rolling out its cryptocurrency service, PayPal bought up to 70 percent of all newly mined BTCs.
· Insights & Views
- Cryptocurrency assets will be treated as financial products in South Africa’s draft proposal
South Africa's Financial Sector Conduct Authority has published a draft declaration that will treat cryptocurrency assets as financial instruments.
· Regulation
- Bitcoin (BTC) ownership among millionaires will soar to 73% by 2022
Fear of missing out will drive more millionaires to invest in cryptocurrency in the next two years.
· Investing
- Bitcoin’s appeal as inflation hedge increasing, says Deutsche Bank
An increasing number of investors now prefer Bitcoin over gold as a hedge against inflation.
· Investing
- Thailand’s new capital rules favorable for cryptocurrency exchanges
The Thai SEC revised its NC rules to accommodate digital asset trading.
· Regulation
- Japan’s three largest banks to join the central bank digital currency (CBDC) experiment next year
The Bank of Japan is collaborating with 30 private sector participants for its digital yen experiment.
· Regulation
- Grayscale’s cryptocurrency assets under management surges past $10B
Along with Bitcoin's rally, Grayscale's total assets under management breached the $10 billion mark.
· Business
- World's 106th richest man invests 10% of his liquid assets in Bitcoin
Mexican billionaire Ricardo Salinas Pliego is also a Bitcoin investor
· Investing
- Galaxy Digital to launch Bitcoin Fund in Canada
Galaxy Digital has partnered with Canadian fund manager CI Global Asset Management for the planned launch of the Bitcoin Fund in Canada.
· Investing
- Inksnation cryptocurrency scam mastermind placed on the wanted list in Nigeria
Nigerian authorities want the Inkstation executive to face charges.
· Regulation
- Bitcoin (BTC) could soar above $300K by December next year, says Citibank exec
Market players have been predicting Bitcoin's rally in the coming months.
· Insights & Views
- Blockchain-based voting systems can be compromised, says MIT researchers
Cybersecurity experts believe that a blockchain-based voting system can still be tampered with by hackers.
· Technology
- Pakistan’s SEC explores options for regulating its cryptocurrency industry
Pakistan views cryptocurrencies as the start of a new era of digital finance and is looking for ways to effectively regulate the crypto industry.
· Regulation
- Central bank digital currency (CBDC) will eventually replace cash, says Deutsche Bank
The German banking giant believes that digital currencies will replace cash in the future.
· Business
- Chinese bank accepts Bitcoin (BTC) for bonds that will be issued on a blockchain
Investors can use US dollars or Bitcoin to pay for China Construction Bank-issued debt securities.
· Business
- Ransomware hackers demand $11M in Bitcoin from Capcom
Cybercriminals breached Capcom servers early this month in a ransomware attack.
· Technology
- Bitcoin (BTC) could reach $100K before December of 2021, says PlanB
Cryptocurrency analyst PlanB predicts Bitcoin (BTC) could reach between $100K and $288K next year.
· Insights & Views
- Bitcoin demand to rise as institutional investors move from gold to the cryptocurrency
More institutional investors are now chosing BTC over gold ETFs, according to a JP Morgan report.
· Investing
- Canada Revenue Agency wants cryptocurrency exchange to hand over customer data since 2013
The Canadian tax agency asked a judge to force the crypto trading platform Coinsquare to hand over customer information.
· Regulation
- Cryptocurrency lender Cred files for bankruptcy
Both outflows and inflows are expected to remain inaccessible to customers during Cred’s Chapter 11 process.
· Business
- Nigeria expects blockchain technology revenues to reach up to $10B in a decade
Nigeria wants to better position itself as blockchain-related businesses are expected to grow in the coming years.
· Technology
- Bitcoin’s rally past $14K sparks speculations that BTC might be on track for a new all-time high
Aside from worries about a depreciating dollar, many believe the post-halving cycle is starting to take effect, which could further fuel BTC's rally.
· Investing
- Hong Kong plans to regulate all cryptocurrency trading platforms operating in the city
Hong Kong will require all cryptocurrency trading platforms to apply for a license from the Securities and Futures Commission.
· Regulation
- Cryptocurrency firm Grayscale just posted a record week with a $215M inflow
Grayscale's Bitcoin holding rose to $6.7 billion after last week's $215 million inflow.
· Business
- PayPal begins rolling out cryptocurrency service to U.S. users
While it is still currently rolling out its cryptocurrency service to U.S. clients, PayPal is already contemplating the possibility of incorporating CBDCs into its platform.
· Business
- Bitcoin (BTC) and Litecoin (LTC) wallets will be incorporated into Venezuela’s remittance platform
Venezuelans will soon be able to formally receive remittances from abroad in BTC and LTC.
· Regulation
- Australia creates a partnership that will explore central bank digital currency
Australia is launching a project that will explore the implications of a CBDC on an Ethereum-based DLT platform.
· Regulation
- Gazprombank Switzerland secures approval to offer cryptocurrency services
The Swiss Financial Market Supervisory Authority has approved Gazprombank to offer cryptocurrency services such as Bitcoin (BTC) trading and custody to its clients.
· Regulation
- Huawei Mate 40 comes with a hardware cryptocurrency wallet for the digital yuan
The Huawei Mate 40 anticipates the needs of Chinese cryptocurrency investors with its built-in hardware crypto wallet.
· Technology
- Fidelity’s cryptocurrency arm taps Singaporean startup fir its Asian expansion
Fidelity Digital Asset has entered into the Asian cryptocurrency market via a partnership with Stack Funds.
· Business
- Coinbase announces cryptocurrency Visa debit card for U.S. clients that supports 30 cryptos
Coinbase is about to launch the Coinbase Card, a cryptocurrency Visa debit card that can be used with ATMs, checkout interface, or payment terminals.
· Business
- More than half of U.S. investors interested in Bitcoin (BTC)
A recent study reveals that 55 percent of American investors are interesting in Bitcoin, a 19 percentage points increase from last year's 36 percent.
· Insights & Views
- Cryptocurrency analyst says Bitcoin (BTC) could reach a new all-time high in 2021
A few cryptocurrency experts believe that Bitcoin could soar to $20K once it manages to breach the $14K hurdle.
· Insights & Views
- DBS might be planning to launch a cryptocurrency exchange
The Development Bank of Singapore reportedly posted an online announcement about its own cryptocurrency exchange which was later taken down for unknown reasons.
· Business
- Cryptocurrency mining firm Marathon becomes largest U.S. BTC miner with the acquisition of 10,000 Antminers
Marathon just announced the acquisition of 10,000 additional Antminer S19 Pro bitcoin miners from the Chinese hardware manufacturer Bitmain.
· Business