Startup Helps Reduce Child Labor in Africa & Aspires to Work with Tesla
Recently, the venture arms of corporate giants Volvo and Total invested in blockchain traceability startup Circulor that helps reduce child labor in Africa and aspires to work with Tesla, GM and Ford.
DOGE Tik Tok Pump Likely Over, OKCcoin CMO Says
Dogecoin's (DOGE) price has fallen notably after social media enthusiasts promoted the asset for days on Tik Tok in an effort to send the asset to $1. The escapade shows signs of conclusion according to OKCoin CMO Haider Rafique.
CoinMetro Becomes the First Crypto Exchange to Offer Market Sentiment Data Used by Hedge Funds
CoinMetro, the licensed crypto exchange has integrated with The TIE - the the premiere provider of alternative data for digital assets. The TIE is a cryptocurrency focused spin-off of Social Market Analytics (SMA), an official Twitter partner and the leading provider of sentiment data across traditional asset classes. In traditional markets SMA provides sentiment data to leading financial firms including Fidelity, CME, ETrade, Sequoia, and Barclays.
Switzerland Denies $103 Million of COVID-19 Relief for Crypto Valley
The Swiss government has denied a 100 million franc request by the Canton of Zug for use in keeping local crypto companies afloat, according to local newspaper Tages-Anzeiger. Zug’s finance director Heinz Taennler initiated support for the financial package earlier in April to support local blockchain companies affected by the COVID-19 pandemic, but the answer he’s getting isn’t the one he wanted.
Bitcoin fork BTCU is scheduled for July 7
The new Bitcoin fork - Bitcoin Ultimatum (BTCU) - is scheduled for July 7. This was mentioned to LetKnow.News by the co-founder of the project Mykola Udianskyi.
The five big crypto lessons of China
During the Year of the Pig, China's approach to crypto really began to take shape. In our Chinese New Year Special, Da Bing explains it all for you.
China files 84 patents for central bank digital currency
Reports of more than 80 digital payments-related patents filed by the People’s Bank of China (PBOC) is offering concrete proof of the country’s moves to launch a CBDC.
Trump administration to release new FinCEN requirements for cryptos, Mnuchin tells Congress
U.S. Treasury Secretary Steven Mnuchin told Congress on Wednesday that the U.S. Financial Crimes Enforcement Network (FinCEN) is set to release new requirements related to cryptocurrencies.
Coinbase launches margin trading for some users
Cryptocurrency exchange Coinbase is launching margin trading today. Margin trading lets you trade on leverage. But it works both ways — margin trading lets you multiply your gains and your losses.
Bitcoin Will Beat Dow Jones to 40,000: Tom Lee Doubles Down on BTC
Bitcoin (BTC) is going to reach 40,000 before the Dow Jones does, according to the analyst eyeing a 200% price jump by August 2020.
Trump’s 2021 Budget Proposal Seeks to Optimize Crypto Policing
U.S. President Donald Trump’s $4.8 trillion budget proposal for FY 2021, released Monday, seeks to expand the Treasury Department’s cryptocurrency oversight by returning the United States Secret Service, now a division of the Department of Homeland Security, to its jurisdiction.
The US government lost $1.7 billion by selling Bitcoin too early
The United States is likely to have missed out on around $1.7 billion by auctioning off seized Bitcoin $BTCway too soon.
China’s CBDC ‘will not necessarily be related to blockchain initially’
Earlier this month on Twitter, Ethereum co-founder Vitalik Buterin posed the question of whether transactions using CBDCs, such as the one recently proposed by China, would be cryptographically provable.
Fundstrat Analyst: Bitcoin Price Could Soon Hit $11,000
On Thursday, Bitcoin continued its precipitous rally higher, extending the gains it has made over the past few weeks. At today’s peak, the price of the cryptocurrency hit $9,850, surging as buyers continue to step in.
NK breached Singapore cryptocurrency exchange: Report
A cybercriminal syndicate strongly believed to be associated with the North Korean government breached the Singapore-based DragonEx exchange in March 2019, taking about $7 million worth of various cryptocurrencies, including Bitcoin, Ripple and Litecoin, Radio Free Asia reported Wednesday, citing the latest findings released by US-based blockchain firm Chainalysis.
Venezuelan Petro cryptocurrency is a ‘scam’, say local merchants
Retail merchants in Venezuela are refusing to accept Petro payments as hyperinflation is causing massive devaluation upon liquidation of the crypto at the banks. Meanwhile, the country’s government has reintroduced price control inspectors as part of efforts to pressure stores into accepting the country’s state-issued digital currency.
Bitcoin logs best January performance in 7 years as value surges by nearly $40 billion
Bitcoin logged its best performance for the month of January since 2013 driven by safe-haven buying as global equity markets remain shaky following the outbreak of the coronavirus from China.
US Marshals Will Auction $40M in Bitcoin This Month
The U.S. Marshals Service is auctioning nearly $40 million in bitcoin, the first such auction since the end of 2018.
Upbit exchange execs cleared of fraud charges in South Korea
The Seoul Southern District Court has acquitted senior executives at Upbit crypto exchange of fraud charges.
A bitcoin ETF won't be approved in the U.S. this year, most 2020 Outlook survey respondents say
A significant majority of those who took part in The Block 2020 Outlook Survey don't believe U.S. regulators will approve a bitcoin exchange-traded fund (ETF) this year.