Bank of England governor says a ‘lasting’ digital currency has yet to be invented

Bank of England governor says a ‘lasting’ digital currency has yet to be invented

Bank of England Governor Andrew Bailey says a “lasting” digital currency has yet to be invented. Bailey’s comments came during a World Economic Forum panel on “Resetting Digital Currencies.” Bailey said recent innovations for payments infrastructure are here to stay, and digital currencies have a role in dismantling longstanding barriers like speed and cost. Still, […]

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Cryptocurrencies could serve role as electronic store of value: Bank of Singapore chief economist

Cryptocurrencies could serve role as electronic store of value: Bank of Singapore chief economist

Cryptocurrencies could one day serve as a kind of electronic store of value, according to a report penned by the Bank of Singapore’s chief economist. The report was written by chief economist Mansoor Mohi-uddin. The Bank of Singapore is a unit of Singapore’s second-largest bank OCBC. Mohi-uddin writes that cryptocurrencies are most likely to become […]

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Coinbase spent $230k to lobby Congress in 2020, records show

Coinbase spent $230k to lobby Congress in 2020, records show

Public lobbying records indicate that Coinbase spent $230,000 across 2020 to lobby the federal government on cryptocurrency policy issues. The figure, first reported by Cointelegraph’s Kollen Post, is contained in four quarterly disclosure forms. Coinbase paid lobby firm Franklin Square Group $50,000 in the first quarter of 2020 and $60,000 in each of the subsequent […]

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21 Bitcoin Block Rewards from 2010 Wake Up, $236M Worth of ‘Satoshi Era’ BTC Spent in 10 Months

21 Bitcoin Block Rewards from 2010 Wake Up, $236M Worth of ‘Satoshi Era’ BTC Spent in 10 Months

On Monday, January 25, 2021, at roughly 2 a.m. (EST), the notorious old school miner from 2010 has spent another consecutive 21 decade-old block rewards with 1,050 bitcoin. This is possibly the same mining entity our newsdesk has been tracking for months. The bitcoin from 2010 moved today follows the exact same pattern as all […]

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Bank Of Singapore: Bitcoin Could Succeed As A Store Of Value

The Singaporean private banking arm of OCBC Bank has dismissed the chances of cryptocurrencies eventually replacing fiat currencies as a medium of exchange. However, the large institution believes that BTC and other altcoins can replace gold in terms of serving as a store of value. Cryptocurrencies: Store Of Value; Not Medium Of Exchange Ever since […]

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January sees $237 billion in monthly stablecoin volume thus far, breaking prior record

January sees $237 billion in monthly stablecoin volume thus far, breaking prior record

January has seen more than $230 billion in on-chain stablecoin volume since the start of the month, according to data collected by The Block. That figure — $237.2 billion as of January 25 — represents the highest monthly amount of its kind, surpassing December’s total of $178.3 billion by 33%.  USDT (Tether) had seen the […]

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ZelaaPayAE: UAE Will Now Have a Crypto Debit Card

ZelaaPayAE: UAE Will Now Have a Crypto Debit Card

PRESS RELEASE. ZelaaPayAE, with a vision to build and improve the financial structure, introduces a Crypto Debit Card with the ability to be swiped not just in UAE but also globally. Partnering with Baanx, ZelaaPayAE is providing Mastercard enabled Debit Card featuring personalized cards with a low monthly fee and extreme accountability. What makes it […]

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Embrace Volatility Before You Buy Your First Bitcoin

Embrace Volatility Before You Buy Your First Bitcoin

Since December 16, 2020, Bitcoin has doubled to hit almost US$42,000 before undergoing a correction in the last two weeks. Many naysayers relish this opportunity to negatively opine on Bitcoin’s volatility.  Volatility seems to be hallmark of crypto trading. As most seasoned crypto traders would attest, there are basically very little valuation models which can […]

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DDoS Attackers Return With Massive Extortion Campaigns in the Wake of Bitcoin Prices Surging

DDoS Attackers Return With Massive Extortion Campaigns in the Wake of Bitcoin Prices Surging

Threat actors have been finding opportunities in bitcoin’s bullish trend to increase their extortion campaigns. Hackers are actively threatening companies with DDoS attacks unless they pay for bitcoin ransoms. Bull Run Prices Push Extortionists to Increase Bitcoin Ransom Demands According to an alert issued by security firm Radware, there have been several reports between December […]

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