Monthly Archives: February 2021

South Africa learns a hard crypto lesson amid fast growing demand

South African authorities will be keeping a close eye on the cryptocurrency space in 2021 in the wake of major scams and booming markets. Authorities in South Africa appear to be paying closer attention to the cryptocurrency space in 2021 in the wake of a major Bitcoin (BTC) Ponzi scheme and increased trading activity. As a result, the South African Financial Sector Conduct Authority has called for tighter controls of the crypto space following the collapse of what has been described as the biggest Ponzi scheme the […]

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Beijing’s $1.5 Million Digital Yuan Giveaway: China to Airdrop Digital Currency for Chinese New Year

China is giving away 10 million yuan in its central bank digital currency in Beijing. Recipients can spend the digital yuan during the Chinese New Year festival. Beijing has become the third major city in China to test the central bank digital currency. 50,000 People to Receive Free Digital Yuan China is actively testing its central bank digital currency (CBDC). Beijing is the next city to receive a digital yuan airdrop. The Beijing municipal government announced over the weekend that it will hand out a total of […]

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LIVE MASSIVE NEWS – Bitcoin SMASHES Into $45,000 On Elon Musk News & MUCH More!!

😀 𝙏𝙝𝙖𝙣𝙠 𝙔𝙤𝙪 𝙁𝙤𝙧 𝙒𝙖𝙩𝙘𝙝𝙞𝙣𝙜! 🚩 Remember to subscribe and hit the bell "🔔" icon, so you don’t miss your daily cryptocurrency news! TIMESTAMPS / HELPFUL LINKS ► 0:00 – Intro ► 1:52 – "Knowing Elon Has More BTC Than Me, In One Day" – https://twitter.com/CryptoErfan/status/1358856113626710018 ► 2:32 – Volumes Are INSANE Today ► 3:40 – Market Overview https://coingecko.com ► 7:23 – Tesla Put 1.5 Billion Dollars In BTC On Treasury Balance Sheet https://www.sec.gov/ix?doc=/Archives/edgar/data/1318605/000156459021004599/tsla-10k_20201231.htm ► 11:08 – At Least 6% Of All BTC Is Already On Company […]

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French official wants to change how Europe regulates crypto and blockchain

According to one French official, crypto and blockchain projects should be supervised at the European level. France’s top financial regulator has proposed to change the way the cryptocurrency industry is supervised in Europe. Robert Ophèle, chairman of Autorité des Marchés Financiers, addressed crypto-realted regulatory issues at the 5th Annual Conference on FinTech and Regulation. The official argued that financial supervisors must take a new approach in regulating blockchain-based financial instruments due to massive growth in the market. Ophèle proposed that the European Securities and Markets Authority, or ESMA, […]

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Binance quietly drops ‘multi-million’ Forbes defamation lawsuit

Binance Holdings has dropped its defamation lawsuit against Forbes regarding the publication of an article that alleged the exchange purposely sought to evade U.S. regulators. The world’s largest cryptocurrency exchange, Binance, has dropped its defamation lawsuit against news publication Forbes and two of its journalists, according to official court documents. Binance Holdings filed a lawsuit against Forbes, along with journalists Michael Del Castillo and Jason Brett in November, following an article that alleged Binance sought to purposely distract and dodge United States financial regulators. A notice of […]

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Stablecoin flows hint at $50K Bitcoin after Tesla pump liquidates $500M in BTC shorts

Around $500 million worth of positions were liquidated within hours as the Tesla news caused Bitcoin to spike over $46,000. Bitcoin (BTC) has extended its rally over $46,000 on Feb. 9, a day after a U.S. Securities and Exchange Commission (SEC) filing revealed that Tesla bought $1.5 billion worth of BTC. The price of Bitcoin immediately soared from around $39,000 to $45,000 across major exchanges on Feb. 8 after the news began to spread. BTC/USD 1-hour candle chart (Bitstamp). Source: Tradingview Mass Bitcoin liquidation As the Bitcoin price […]

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Hackers post racist and offensive messages to Blockfolio users

A breach of Blockfolio’s signal feed saw racist messages sent to some users of the crypto portfolio platform. Some Blockfolio users received shocking messages from the app on Tuesday in what has now been confirmed as a breach of the platform’s signal feed. The hackers responsible for the breach sent racist and offensive messages, threatening them to withdraw their funds or risk losing their deposits. Responding to the matter, Blockfolio released a tweet apologizing for the incident while assuring users of the safety of their funds. According […]

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OKEx integrates .crypto domain-based payments from Unstoppable Domains

As more exchanges start to support the simplified address format, will error-prone text-string addresses become a thing of the past? Global cryptocurrency exchange OKEx announced Feb. 9 that it has integrated support for blockchain-based addresses from Unstoppable Domains into its customer wallets. This means that rather than needing to provide individual wallet addresses for each token type, users can send and receive any of the many currencies supported by both OKEx and Unstoppable Domains via a single .crypto or .zil domain name. In practice, this functionality was […]

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Major Thai bank’s venture arm sets up $50M fund to invest in blockchain, DeFi

Siam Commercial Bank, over a century old, doesn’t fail to keep up with the times. Siam Commercial Bank — Thailand’s oldest bank, established by royal charter back in 1907 — is cementing its reputation as a strong backer of innovative financial technologies. The institution’s venture arm, SCB 10X, has today announced a new $50 million fund that will be dedicated to investments in global blockchain, decentralized finance and digital asset startups in their early and growth stages. The fund is just the latest of Siam Commercial Bank’s […]

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Indian Government Confirms Crypto Bill Is Being Finalized — Existing Laws Inadequate

The Indian government has spoken about the cryptocurrency bill again. This time, the minister of state for finance has clarified the status of the crypto bill that is expected to be introduced in parliament during the current session. Indian Ministry of Finance Clarifies Crypto Bill Status The subject of bitcoin and the cryptocurrency bill in India was raised on Tuesday in Rajya Sabha, the upper house of India’s parliament. Recently, the crypto bill was listed to be introduced in Lok Sabha, the lower house of parliament. The […]

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