Category Archives: Crypto Daily

Is Spotify Looking to Add Crypto as Payment Method? This Job Offer Suggests It

Music and podcast streaming service Spotify posted a job offer that woke up interest in the crypto community, as it’s related to supporting cryptocurrencies for payments on the music platform, potentially. Spotify Is Treading Crypto Waters With a New Job Listing According to the job listing published on the talent acquisition platform Lever, the company is looking for an “Associate Director, Payments Strategy & Innovation” who is expected to bring in new payment strategies. The description of the job role, based in their London offices, details: This […]

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The Battle For P2SH: The Untold Story Of The First Bitcoin War

“Push the date back two months. OP_EVAL just is not ready yet.” It was the verdict Gavin Andresen had worked so long to avoid. With a single rebuke sent from Russell O’Connor’s keyboard, a months-long effort to upgrade Bitcoin — the first in the wake of founder Satoshi Nakamoto’s exit — was abruptly stalled ahead of implementation.  As revealed by O’Connor, the proposed command — heralded by Andresen as the “fastest path” to more secure Bitcoin wallets — could be exploited to create transactions that would send the software […]

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Unbanked Hong Kong Chief Carrie Lam: “I Have Piles of Cash at Home”

Hong Kong Chief Executive Carrie Lam says she is currently unbanked and keeps piles of cash stashed at her home courtesy of US sanctions. Alongside 14 Chinese and Hong Kong officials, Lam has been slapped with punitive measures that effectively cut her off from the banking system. The US government announced the sanctions in response to the imposition of the national security law on the Hong Kong territory. Cash Salary The US government, through the Office of Foreign Asset Control, can effectively enforce its policy objectives on […]

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Argo Reports 23% Monthly Revenue Increase, With 2,369 Bitcoin Mined Since January

Bitcoin miner Argo Blockchain reported Thursday that revenue climbed 23% to £1.48 million ($1.98 million) in November compared to £1.2 million ($1.6 million) the previous month. ● The London Stock Exchange-listed firm mined less bitcoin (BTC) in November (115 BTC) than it did in October (126 BTC) “due to changes in mining difficulty”, but bitcoin’s surging prices helped push revenue higher. ● The price of bitcoin soared more than 50% last month to a new all-time high of $19,864 reached on Nov. 30. ● Altogether, Argo has […]

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Streamix.io Launches High Yield APY DeFi Farming on ValueDeFi.io

PRESS RELEASE. Streamix.io, a crypto currency DeFi startup and social media platform for streaming and gaming, partnered with ValueDeFi.io, which allowed Streamix to be one of their first cryptocurrency projects to use their FaaS (Farming-as-a-Service) platform and drive more value. See and trade current MIXS spot price 24/7 or learn more: https://bit.ly/39nUUJo “Streamix is one of the first projects to use the FaaS platform and we’re very excited with the interest it has garnered in the crypto community. Our phenomenal growth in DeFi yield farming on ValueDeFi […]

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A Pakistani Provincial Government Passes Crypto-Friendly Draft Resolution

In Pakistan, a provincial government has passed a draft resolution on December 2, 2020, that demands the federal government to take steps towards legalizing both cryptocurrencies and crypto-mining activities. A Crypto-Friendly Draft Resolution Approval Sets a Precedent in Pakistan The Provincial Assembly (MPA) of Khyber Pakhtunkhwa, one of the four provinces in the country, made the official announcement after holding discussions in the midst of a nationwide dialogue about if the federal government should legalize crypto assets and take it out from the limbo. Dr. Sumera Shams, […]

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Cryptocurrencies Prove Central Bank Models Are Obsolete, Says Professor

A Spanish professor and economist stated that cryptocurrencies have brought out the “obsolescence” of central banks, although their capitalization is still “very insignificant.” Crypto Is Not Only About the ‘Speculative Noise’ Pablo Agnese, an economics professor and lecturer in the Department of Economic and Business Organization at the Universitat Internacional de Catalunya in Barcelona (UIC Barcelona), told Europa Press in an interview that young people could lead cryptocurrencies to even stronger mainstream adoption. The academic believes that young people’s flexibility in terms of adopting new technologies, including […]

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New Draft U.S. Law Will Make It Illegal To Issue Stablecoins Without Federal Reserve Approval

Three U.S. lawmakers have introduced a bill that will force private stablecoin issuers to obtain a banking charter (or license) and approval from the Federal Reserve before they can issue a stablecoin. Instigated by Rep. Rashida Tlaib, with support from Reps. Jesús García and Stephen Lynch – all of them Democrats – the proposed law will also require issuers to get prior approval from the Federal Deposit Insurance Corporation (FDIC) and other bank regulators. It will demand that any stablecoin issuers obtain FDIC insurance or “otherwise maintain […]

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Equity Strategist Says Crypto Has a Place in Portfolios, Bitcoin Price to Reach $50,000 in 2021

An equity and derivatives strategist with a global financial services firm specializing in institutional trading believes that bitcoin has a place in investment portfolios. He has a price target for bitcoin of $50,000 in 2021. Bitcoin Has a Place in Investors’ Portfolios BTIG is a global financial services firm specializing in institutional trading, investment banking, research, and brokerage services. The firm has over 3,000 institutional and corporate clients worldwide, according to its website. Its chief equity and derivatives strategist, Julian Emanuel, talked about bitcoin in an interview […]

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Central Bank of Nigeria Governor Decries the Use of Parallel Exchange Rate as Citizens Switch to Crypto

The governor of the Central Bank of Nigeria (CBN) Godwin Emefiele says the embrace of the parallel market exchange rate by some professionals in that country is unfair and unfortunate. The CBN governor says the parallel foreign exchange market only accounts for a share of the market that does not exceed 5%. He also adds that this market is popular with corrupt individuals because it enables them to facilitate their illegal activities. Parallel Market Tainted Emefiele’s remarks were prompted by reports in late November that the local […]

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