Monthly Archives: November 2020

Election Day pump? 4 reasons Bitcoin spiked 2% in 30 minutes

The price of Bitcoin rose 2% in 30 minutes as the election causes massive volatility in the U.S. stock market. The price of Bitcoin (BTC) rose by 2% in just 30 minutes right as the United States’ stock market rang its opening bell on Nov. 3. During pre-market, the Dow Jones surged by over 350 points as the U.S. election day triggered massive volatility. The four reasons that likely led to a Bitcoin uptrend in such a short period are the election, a stocks upsurge, negative funding […]

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Paypal Begins Crypto Service: CEO Reveals Increased Limits, Expansion Plans, Venmo Rollout

Payments giant Paypal has revealed more details of its new cryptocurrency service. The company is currently rolling out crypto functionality to U.S. customers, after which it will launch the service internationally and on the Venmo platform. Paypal’s CEO Unveils Crypto Plans Paypal CEO Dan Schulman provided new details of the company’s new cryptocurrency service during the Q3 2020 earnings call on Monday. Paypal recently announced that its customers will be able to buy, hold, and sell cryptocurrencies, including bitcoin, directly from their Paypal accounts. Cryptocurrencies in Paypal […]

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Video: “Cypherpunks Write Code” And The Precursors Of Bitcoin

Listen To This Episode: Apple Spotify Google Libsyn Overcast In this episode of the Bitcoin Magazine Podcast, Technical Editor Aaron van Wirdum speaks with Jim Epstein, the executive editor of Reason TV. Epstein recently produced a documentary miniseries on the cypherpunk movement, a precursor to Bitcoin itself, called “Cypherpunks Write Code.” The four-part series chronicles the origins and short history of this group of hackers, cryptographers and activists that, in the 1990s, coalesced around a shared goal of offering secure privacy in the digital age. In this […]

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China’s digital yuan is ‘a long way’ from beating USD

It is unlikely to dethrone the United States dollar as the world’s reserve currency anytime soon, according to this financial firm executive. David Roche, president and global strategist at Independent Strategy, believes that China’s digital yuan has “a long way” before it will become able to challenge the U.S. dollar as a reserve currency, CNDC reports Nov. 2. According to Roche, China’s central bank digital currency, or CBDC, could hypothetically beat the U.S. dollar as a reserve currency, but it would take a “very, very long time.” […]

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Coinbase, Gemini and others join forces to combat human trafficking

Leading exchanges are tracing suspicious crypto transactions to combat human trafficking Cryptocurrency exchanges Coinbase, Paxful, Gemini and BitFinex have all joined the Anti-Human Trafficking Cryptocurrency Consortium, or ATCC. Launched in April 2020 by the Anti-Human Trafficking Intelligence Initiative, the consortium is a nonprofit focused on intelligence sharing, best practices and the development of tools to fight trafficking. The ATCC brings together crypto exchanges, blockchain intelligence firms and law enforcement to combat human trafficking and child sexual abuse material, also known as CSAM. Aaron Kahler, chair and founder […]

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Russian Alfa-Bank joins HSBC-backed blockchain trade finance network

A major global blockchain trade network welcomes one of Russia’s largest banks. Alfa-Bank, one of the largest private commercial banks in Russia, has joined a blockchain trade finance network backed by HSBC. According to an official announcement on Nov. 3, Alfa-Bank is the first Russian bank to become a member of Contour — a blockchain platform connecting the world’s major financial institutions like HSBC, ING and Citi. The network allows bank customers to track the processing and modification of trade finance transactions and cut operational costs. Evgenia […]

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Hong Kong Amends Crypto Law to Regulate All Exchanges

Cryptocurrency regulation in Hong Kong is undergoing changes. The Securities and Futures Commission (SFC) is reportedly introducing a new licensing system to regulate all crypto exchanges operating in Hong Kong. Hong Kong’s New Crypto Regulation The CEO of the SFC, Ashley Alder, talked about implementing a new cryptocurrency regulatory framework at Hong Kong Fintech Week on Tuesday. All cryptocurrency trading platforms operating in Hong Kong or targeting local investors will be required to apply for a license with the SFC, Radio Television Hong Kong (RTHK) reported. “Later […]

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These Institutions Are Buying Up All The Bitcoin – Get Yours Before They Do

many institutions are now flowing into the crypto space causing bitcoin to reach nearly 14,000 dollars. get yours before its too late. Social Media: Support Me On Patreon: https://www.patreon.com/mrsotkogaming Follow me on Twitch: http://www.twitch.tv/mrsotko Follow me on Twitter: https://twitter.com/MrSotkoGaming Follow me on Instagram: https://www.instagram.com/mrsotko/ Discord: https://discord.gg/r2Yf8Ae Litecoin donation address: LZaQgPhBvQT6PC2gAnLsQGPPaYDPm5dyNx Ethereum only donation address: 0x125DE6B8FAb078701e0b11ECb1A6bDF3aF9E73dc Bitcoin donation address: 144vfND4SGhYxyjAWKHBETGncuwdYKmoyG BAT Donation Address: 0xC868a8322A714Bd506aB27768a3DDb9D4d2228Cd mrsotko@gmail.com #bitcoin #crypto #cryptocurrency Powered by WPeMatico

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Huobi Rumors | Facebook DeFi? | Block.One Hasn’t Honored Their EOS Promise | SEC Rule Change | More!

There was quite a bit of news today, and (gratefully) little of it was related to tomorrow’s election 🙂 This is cryptocurrency, baby, and we have more important matters to discuss. Australia’s banks hired Consensys, Ethereum Classic is getting DAI from Ethereum in the form of a bridge, Bitcoin is near three year highs, and Huobi’s chief executive may be walking around in prison… All this, and more! HELPFUL LINKS / SOURCES ► Developing: Huobi Executive rumored to be held under custody – https://boxmining.com/huobi-executive-rumor/ ► Update On […]

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‘Bond King’ who called Bitcoin a lie now says BTC is a hedge against inflation

Jeffrey Gundlach argues that Bitcoin and gold could serve to protect investors from a weakening dollar in the long term. Bitcoin (BTC) is a recommended hedge against fiat currency inflation along with gold, one of its well-known critics now says. In an appearance on Rosenberg Research’s webcast series on Nov. 2, Jeffrey Gundlach, CEO of investment management firm DoubleLine, produced rare praise for Bitcoin. Bitcoin vs. gold 1-year chart. Source: Skew Gundlach tips Bitcoin and gold for fiat protection Gundlach, informally known as the “Bond King,” is […]

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