BCause Mining, a Bitcoin mining operation in the city of Virginia Beach was ordered to liquidate its assets and shut down its operations. BCause Mining, a Bitcoin (BTC) mining operation in the city of Virginia Beach in the United States, was ordered to liquidate its assets. In an Oct. 9 article, local news outlet the…
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Digital asset financial services firm BitGo will offer secure storage for digital assets under the management of crypto exchange Bitstamp. Digital asset financial services firm BitGo will provide secure storage for crypto assets under management at major cryptocurrency exchange Bitstamp. $100 million insurance policy In a press release on Oct. 9, the Luxembourg-based cryptocurrency exchange…
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Major cryptocurrency exchange Binance has begun accepting fiat currencies through online payment service Alipay and mobile messaging and payment app WeChat. Major cryptocurrency exchange Binance has begun accepting fiat currencies through online payment service Alipay and mobile messaging and payment app WeChat, CEO Changpeng Zhao confirmed in a tweet on Oct. 9. Zhao was quick to…
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Digital Currency Group’s 2019 annual survey gives an insight into companies’ expectations regarding blockchain and cryptocurrency use cases. Almost 23% of Digital Currency Group (DCG)’s portfolio firms think asset tokenization will be the next major use case for blockchain. According to DCG’s 2019 annual survey, close to a quarter of 60 polled portfolio companies believe blockchain…
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Bitcoin futures and options trading platform Deribit is launching a weekly research publication on various cryptocurrency topics. The Netherlands-based Bitcoin (BTC) futures and options trading platform Deribit is launching a weekly publication called Deribit Insights. Research publication on crypto In a press release shared with Cointelegraph on Oct. 9, Deribit announced that it will be…
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OpenLibra, a permissionless fork of Facebook’s stablecoin Libra, is announced at the Ethereum developer conference Devcon 5. Lucas Geiger, co-founder of blockchain infrastructure startup Wireline, has announced OpenLibra — a permissionless fork of Facebook’s planned stablecoin. Ethereum developer Lane Rettig tweeted on Oct. 8 that OpenLibra was announced by Geiger at the Ethereum developer conference…
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Cryptocurrency exchange wallets are the biggest HODLers with more than 1.2 million coins in them, worth close to $10 billion. Almost 7% of the entire circulating supply of Bitcoin (BTC) is held in the wallets of eight major cryptocurrency exchanges, according to Twitter account The Token Analyst. “Exchanges are the biggest HODLers” On Oct. 8, the…
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OmiseGo, a finance-oriented scaling network for Ethereum, has become a member of Universal Protocol Alliance, a coalition of blockchain and cryptocurrency-focused firms. OmiseGo, a finance-oriented scaling network for Ethereum (ETH), has become a member of Universal Protocol Alliance, a coalition of blockchain and cryptocurrency-focused firms. Targeting financial services and tax collection In a press release…
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Chairman of Forbes Steve Forbes says that Bitcoin performs an important role in helping people in distressed situations around the world. Forbes chairman and editor-in-chief Steve Forbes has described Bitcoin (BTC) as a “high-tech cry for help” driven by a lack of trust in traditional currencies. Speaking to Ark Invest CEO Cathie Wood on her company’s podcast, he…
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Bitcoin continues to trade above $8,000, with other top-20 cryptocurrencies reporting mixed signals. Tuesday, Oct. 8 — The top-20 digital currencies are reporting a mix of green and red after a tide of green earlier in the day, with Bitcoin (BTC) trying to keep above $8,000, according to data from Coin360. Cryptocurrency market daily overview.…
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