Bitcoin price hovers around the $7,300 mark as the cryptocurrency markets remain sluggish. Tuesday Dec. 3 — Most cryptocurrencies continue trading sideways, including Bitcoin (BTC) which has not been able to find higher trading levels in the past few days. Cryptocurrency market daily overview. Source: Coin360 Bitcoin started the day at $7,344, at which point…
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South Korean startup claims to have developed a new technology that could reduce blockchain transaction times to fractions of a second. The South Korean-based firm Bloom Technology announced that they have created a new technology that is able to speed up transactions on the blockchain. On Dec. 3, United Press International reported that Bloom Technology’s…
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Major cryptocurrency exchange Binance has announced staking rewards for Tezos starting Dec. 4. Binance — the second-largest crypto exchange by daily trade volume — has announced support for Tezos (XTZ) staking, according to an announcement published on Dec. 3. Starting on Dec. 4, Binance’s users will be able to trade with XTZ, with XTZ rewards…
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Blockchain startup LifeLabs announced that it is developing a U.S. dollar-pegged stablecoin for the British Virgin Islands. Blockchain startup LifeLabs announced that it is developing a digital currency dubbed BVI~LIFE in partnership with the British Virgin Islands (BVI). According to a press release on Dec. 3, the currency is part of a broader initiative to…
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In this Q&A with Cointelegraph, Binance CEO CZ revealed the company’s plans for Turkey, a country he thinks has strong opportunity with crypto. At a recent B2B event in Turkey, suit-clad men and women from traditional financial institutions and the public sector stood in line to take a selfie with a guy in a hoodie.…
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Singaporean government-backed blockchain platform Tribe facilitated another $15.7 million in fundraising to support blockchain startups. The Singaporean government-backed blockchain platform Tribe has helped raise another $15.7 million for participating companies through its ecosystem. In a press release shared with Cointelegraph on Dec. 2, Tribe Accelerator revealed that a total of $28 million had been raised…
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The South African Reserve Bank is reportedly going to impose new regulations for the use of digital currencies in a bid to deter crypto users from evading currency controls. The South African Reserve Bank (SARB) — the country’s central bank — is purportedly going to impose new regulations for the use of digital currencies in…
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Ripple transfers a total of 1 billion XRP tokens from its escrow wallet to Ripple today, only to transfer it back minutes later. Whale Alert, the ever-vigilant live tracker for cryptocurrency transactions, noted that Ripple transferred a total of 1 billion XRP tokens from its escrow wallet on Dec. 2. The blockchain-based payments firm moved…
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Former CFTC Chairman Giancarlo joins New York-based law firm where he will reportedly continue to advocate for the U.S. digital dollar. Former United States Commodity Futures Trading Commission (CFTC) chairman Chris Giancarlo was hired as senior counsel at the New York-based law firm Willkie Farr & Gallagher. Digitize the dollar and take power away from…
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The Monero network has successfully upgraded to RandomX, a new mining algorithm that aims to be ASIC-resistant. The Monero (XMR) network has been successfully upgraded to RandomX, a new mining algorithm that aims to be ASIC-resistant. On Nov. 30, the Monero community workgroup did a live stream on YouTube in which the upgrade took place…
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