TokenPost reporter
Mark Jason Alcala
Stories by Mark Jason Alcala
- Indian coop to offer a cryptocurrency service that supports BTC, ETH, XRP, and CAS
Despite India's regulator uncertainty for cryptocurrency, a co-op plans to offer crypto services.
· Business
- Bitcoin’s (BTC) scarcity highlighted as Russian firm announces 40M troy ounces of gold
A Russian mining firm's announcement of 40 million troy ounces of gold reserves suggests that Bitcoin is more scarce than the precious metal.
· Insights & Views
- Jack Ma sees the potential of digital currency to shape the future of finance in China
Alibaba Group founder Jack Ma expressed his optimism for the digital currency's role in China's future financial system.
· Business
- Bitcoin (BTC) fees rose by 358% in just one month
From $1.39 on September 20, Bitcoin transaction fees rose to a peak of $6.36 on October 22.
· Business
- China’s proposed law won’t allow other yuan-backed cryptocurrencies except for its CBDC
China's central bank published a draft law that will govern the country's CBDC.
· Regulation
- Millennials will drive Bitcoin’s (BTC) future growth, says JP Morgan
The investment bank says that Bitcoin's price could triple with the increasing participation of millennials in the cryptocurrency market.
· Insights & Views
- Microstrategy CEO Michael Saylor says investment in Bitcoin (BTC) is for the long haul
Microstrategy is not planning to sell its Bitcoin in a hundred years.
· Insights & Views
- PayPal is planning to acquire BitGo and other cryptocurrency firms
A day after PayPal announced its new cryptocurrency service, new reports surfaced that it is planning to buy crypto firms including BitGo.
· Business
- Okex reinstates P2P crypto trading but withdrawals still suspended
Withdrawals remain suspended on Okex but users can already use the peer-to-peer trading function.
· Business
- Cryptocurrency more popular than gold among Russian retail investors
Cryptocurrency is now the fifth most popular investment vehicle in Russia.
· Insights & Views
- PayPal announces new cryptocurrency service featuring Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), and Litecoin (LTC)
PayPal will be rolling out a crypto service that allows customers to buy, sell, hold and pay using Bitcoin, Ethereum, Bitcoin Cash, and Litecoin.
· Business
- Ransomware hackers donate 1.76 Bitcoin (BTC) to charities
The Water Project and Children International received 0.88 BTC from the hacker group called Darkside.
· Technology
- FinCEN slaps Bitcoin (BTC) mixer founder with $60M fine for anti-money laundering violations
The founder of Bitcoin mixers Coin Ninja and Helix is fined by FinCEN for violating BSA and anti-money laundering rules.
· Regulation
- Bank of Russia to launch a central bank digital currency (CBDC) pilot next year
The Russian central bank believes a digital ruble could mitigate the effects of economic sanctions.
· Regulation
- Berlin’s ‘Bitcoin Bar’ announces closure
The world's first outlet that accepted Bitcoin as payment just announced its closure.
· Business
- Recent job listing hints Bank of Canada might be moving ahead with its CBDC
The Canadian central bank is looking for an economist who is also knowledgeable on cryptocurrency and blockchain.
· Regulation
- Bitcoin (BTC) adoption soars in Turkey as the lira weakens against the dollar
Turkey has the highest cryptocurrency adoption rates in the Middle East.
· Business
- FSB issues recommendations for stablecoins
The Financial Stability Board believes that large-scale adoption of stablecoins could be risky for the stability of the global financial system.
· Regulation
- Korea Blockchain Association requests the government to postpone cryptocurrency tax until 2023
The Korea Blockchain Association wants the government to move the implementation of the new cryptocurrency tax until 2023.
· Regulation
- Feminist Coalition asks for Bitcoin (BTC) donations instead of cash
The group's bank account, which was used to receive donations, was deactivated by Nigerian regulators forcing the group to opt for cryptocurrency donations.
· Regulation
- Cryptocurrency mining botnet activity is spiking, warns researchers
Cisco Talos researchers warn that activity by the Lemon Duck cryptocurrency mining botnet has spiked in the past six weeks.
· Technology
- Cryptocurrency hardware wallet with fingerprint authorization feature launches in China
The new crypto wallet is simple to use and allows users to safely store their tokens offline.
· Technology
- NYDIG holds more than $1B in cryptocurrency for its investors
New York-based crypto-focused NYDIG now holds more than a billion dollars in cryptocurrency as AUM.
· Business
- ETH rallies after Grayscale’s Ethereum Trust becomes SEC reporting company
Grayscale's announcement spurred the rally of both BTC and ETH.
· Business
- G7 will oppose Facebook’s Libra cryptocurrency until adequate regulations are in place
The Group of Seven expressed its decision to oppose the launch of Facebook's Libra cryptocurrency.
· Regulation
- Top 5 publicly traded corporations that keep Bitcoin (BTC) as a reserve asset
A growing number of companies now keep Bitcoin as part of its capital allocation strategy.
· Business
- Cryptocurrency trading volumes surge by 88% in Q3
Driven by the growing interest in decentralized finance and yield farming, trading volumes for the third quarter of 2020 increased by $155 billion.
· Business
- Shenzhen City gives away 10M digital yuan to boost usage of the government-backed cryptocurrency
Shenzhen distributed a total of 10 million digital yuan to 50,000 residents as part of its promotion of the cryptocurrency.
· Business
- FCA’s crypto derivatives ban for retail investors could hurt the industry
Many expressed criticism on the FCA's recent ban on crypto derivatives for retail investors.
· Regulation
- Square acquires 4,709 Bitcoin (BTC) for $50M
Payments platform Square bought $50 million in Bitcoins representing one percent of its total assets as of the second quarter of 2020.
· Business
- Line launches new cryptocurrency lending service for BTC, ETH, BCH, XRP, and LTC
Tokyo-based Line just launched a new crypto lending service to its users.
· Business
- Bank of Korea plans to test its own cryptocurrency (CBDC) next year
The South Korean central bank reveals that the third and final phase of its pilot program for a CBDC will commence in 2021.
· Technology
- UK’s FCA bans cryptocurrency derivative products for retail investors
The U.K.'s FCA has issued a ban on cryptocurrency derivatives such as futures, options, and ETNs for retail investors.
· Regulation
- Increasing cryptocurrency adoption could push Bitcoin (BTC) to $100K by 2025, says analyst
A cryptocurrency analyst predicts that Bitcoin's price could soar to $100K in five years.
· Insights & Views
- SEC files charges against John McAfee for cryptocurrency promotion
The SEC alleged that John McAfee promoted ICOs without disclosing that he was paid to do so.
· Regulation
- Abkhazia opts for regulation and lifts cryptocurrency mining ban
The government Abkhazia decided that it is better to regulate the crypto mining industry instead of imposing a total ban on the activity.
· Regulation
- Venezuela turns to cryptocurrency for domestic and global trade
Venezuela president Nicolas Maduro revealed plans of using cryptocurrency for its trade, a move aimed at going around U.S. sanctions.
· Business
- Cryptocurrency exchange Bittrex to open up shop in Bermuda
Bittrex is in the process of opening a new crypto exchange in Bermuda.
· Business
- Gibraltar Stock Exchange lists new Bitcoin Fund
A new Bitcoin (BTC) fund by Canadian investment fund manager 3iQ has been listed on the Gibraltar Stock Exchange.
· Business
- Ethereum fees more than double Bitcoin network fees in 2020
The rising popularity of decentralized finance applications has resulted in higher transaction fees in the ethereum network.
· Business