Stablecoins have the potential to temper the systemic threats posed by USD domination of global foreign currency reserves, analysts have argued in a new piece for the WEF. Stablecoins have the potential to temper the systemic threats posed by the United States dollar’s domination of global foreign currency reserves, according to an opinion piece published…
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Japanese financial giant SBI Holdings has entered another crypto business by investing in major U.S. based security token platform Securitize. SBI “strongly believes in the future of digital securities,” SBI Holdings CEO Yoshitaka Kitao was quoted as saying in a statement. “Japan’s economic strength, digital society, and advanced regulatory Read more »Pay/Trade/Buy Bitcoin with Credit…
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Yesterday, there was a recovery wave in bitcoin price above the USD 7,000 resistance area. BTC/USD climbed above USD 7,200, but it struggled to break an important resistance near USD 7,350. At pixel time (09:43 UTC) it already trades below USD 7,000. Similarly, there was an upside correction in major altcoins, including ethereum, XRP, bitcoin…
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South Korean cryptocurrency users say they are in a “state of confusion” after reports of a possible USD 79 million hack on market-leading crypto exchange platform Upbit. Per Chosun, a series of large altcoin transfers were made out of Upbit accounts at just after 1pm KST (4:00 UTC ) on November 27, including some USD…
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India’s biggest crypto exchange, WazirX, was bought by Binance, sending a wave of optimism in the crypto ecosystem. In April 2018, the Reserve Bank of India, the country’s central bank, initiated a major crackdown on the trade and purchase of cryptocurrencies such as Bitcoin within its borders. RBI Deputy Governor Bibhu Kanungo declared that all…
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The benefits of a currency which bypasses restrictions on saving means those saddled with inflationary debt can free themselves, argues hedge fund executive. Bitcoin (BTC) can bring the world’s population out of debt thanks to its ability to allow consumers to save without permission. That was according to Misir Mahmudov, the author and operations associate…
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Crypto exchange UpBit announced that 342,000 ETH worth about $50 million were sent to an unknown wallet. Major South Korean cryptocurrency exchange — run by a subsidiary of Korean tech giant Kakao — has notified users of the theft of 342,000 Ether (ETH) from its hot wallet. The incident was confirmed in an official statement…
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Major antivirus software supplier Eset has found cyber criminals using YouTube to distribute mining modules to cryptojack Monero. Slovakian software security firm Eset has uncovered that cyber criminals behind the Stantinko botnet have been distributing a Monero (XMR) cryptocurrency mining module via Youtube. On Nov. 26, the major antivirus software supplier Eset reported that the…
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Bitcoin price hovers around the $7,200 mark as the market remains sluggish following major losses on the week. Tuesday Nov. 26 — Most cryptocurrencies are back to trading sideways, including Bitcoin (BTC) which has not been able to find higher trading levels in the past 24 hours. Cryptocurrency market daily overview. Source: Coin360 Bitcoin started…
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Cryptocurrency exchange Bittrex has denied claims that the exchange sought to collaborate with the Ukrainian government. A Ukrainian government official said that United States cryptocurrency exchange Bittrex sought to collaborate with the Ukrainian government on developing the country’s cryptocurrency industry. In a Nov. 20 interview with domestic blockchain media outlet ForkLog,. Deputy Minister of Digital…
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