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.
Japan’s biggest social network launches digital currency
Japan’s Line social network, the largest in the country, has announced the launch of its digital currency ‘Link’ in the Japanese market from April. The token has previously been available in all countries except Japan and the US.
Silk Road Marketplace Senior Adviser Pleads Guilty in US Federal Court
A senior adviser to the operator of the Silk Road dark web marketplace has pled guilty to one count of conspiracy to distribute narcotics in a Manhattan federal court. According to a United States Department of Justice press release dated Jan. 30, Roger Thomas Clark was a key figure in the development of Silk Road, advising on all aspects of the enterprise, and even attempting to arrange a murder-for-hire to protect its interests.
Tone Vays: I’m 99% Positive Bitcoin (BTC) Will Hit $100K Once This Happens
Former Bear Stearns risk analyst Tone Vays says he still believes Bitcoin (BTC) will likely suffer a major pullback before beginning another long-term rally. However, the recent price action has him feeling bullish in the near-term.
Bitcoin Cash stopped producing blocks for 5.5 hours, find out why
Bitcoin Cash (BCH) experienced a serious mining anomaly today. The network failed to produce a single block in a five-hour period and it didn’t even cause a significant transaction backlog.
BOJ must be ready to issue digital currencies: deputy governor Amamiya
The Bank of Japan must be ready to issue digital currencies if rapid technical advances in settlement systems boost public demand, its deputy governor said, leaving open the chance of issuing central bank digital currencies (CBDC) in the future.
Zcash community votes to allocate 20% of network mining rewards to support development
The Zcash community has voted on a new methodology for distributing network mining rewards to support the development of the privacy-oriented cryptocurrency.