UK

USD 1.8M Worth of Crypto & Fiat Remains in Limbo in South Korea

October 11, 2021

s of exchanges were forced to close on September 25 after the nation imposed some of the strictest rules in the world on trading platforms. They were forced to obtain information security management system (ISMS) certification from the government’s IT agency in order to offer crypto-to-crypto trading, and real name-authenticated banking service partners if they […]

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Bitcoin Rallies Above USD 56K while Ethereum & Altcoins Consolidate

October 11, 2021

d it might start a fresh increase. XRP is trading above USD 1.15, but it is facing hurdles near USD 1.20. ADA broke the USD 2.20 resistance, and it might rise towards USD 2.32. Total market capitalization  Source: https://www.tradingview.com/Bitcoin price After a close above USD 55,000, bitcoin price extended its increase. BTC broke the USD […]

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‘Bitcoin in 2009!’ — Emmy Winner Ted Lasso Drops Crypto Referenceon October 10, 2021 at 8:27 pm

October 10, 2021

In the latest sign of crypto seeping into popular culture, the hit TV show Tad Lasso dropped a reference to Bitcoin in its Season 2 finale that came out Friday on Apple TV. The Bitcoin mention comes in a scene where the character Sam Obisanya is torn over whether to stay with his London-based soccer […]

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El Salvador to Use Bitcoin Profits to Build Pet Hospitalon October 10, 2021 at 5:06 pm

October 10, 2021

El Salvador’s president said Saturday that the country will use profits from its Bitcoin holdings to build a “pet hospital.”  President Nayib Bukele, who made Bitcoin legal tender in the country on September 7, wrote on Twitter that the country’s Bitcoin Trust had a surplus of $4 million dollars due to the surging price of […]

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Edward Snowden: CBDCs Are ‘Cryptofascist Currencies’ That Could ‘Casually Annihilate’ Savingson October 10, 2021 at 4:33 pm

October 10, 2021

In a barbed tweet yesterday, NSA consultant turned whistleblower Edward Snowden said that Central Bank Digital Currencies (CBDCs) could “casually [annihilate] the savings of every wage-worker” in the country. Snowden began his attack against the nascent promise of CBDCs—digital currencies backed by the monetary reserves of a central bank—in response to an article by New […]

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Stacks Blows Up 57% After Bitcoin NFTs Take Offon October 10, 2021 at 2:33 pm

October 10, 2021

The demand for Stacks, a blockchain that combines Bitcoin with smart contracts, is soaring. Its price has risen by 58% in the last 24 hours to a price of $2.3, just as its nascent NFT market picks up. STX’s explosive price movement caused the cryptocurrency to rise thirteen places up the global market capitalization rankings. […]

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NFTs Are Still Hot in China, Despite Crypto Crackdownon October 10, 2021 at 12:01 pm

October 10, 2021

  In July, I formed a thesis that crypto is going through de-Chinalization, a period in which China’s anti-crypto regulation would force miners and centralized exchanges to go on exile, while the rest of the projects go underground.  That did play out, as we’ve see almost all miners leaving China and chasing electricity all over […]

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XRP Surges 9% While Ripple Swamps SEC with Legal Docson October 10, 2021 at 12:34 pm

October 10, 2021

The price of XRP, the seventh-largest cryptocurrency by market capitalization, blew up by 9% in the last 24 hours to hit $1.19. Its rise followed several strong maneuvers by XRP progenitor Ripple this week in the tenth month of its courtroom battle against the United States Securities and Exchange Commission.  Since December 21, 2020, Ripple […]

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How Bitcoin & Crypto Might Help Ease Wealth Inequality (Without Miracles)

October 10, 2021

href=”https://www.theguardian.com/global-development/2020/jan/22/wealth-gap-widening-for-more-than-70-per-cent-of-global-population-researchers-find”>worsening. Whether we’re talking about disparities in income or wealth, the gap between the richest and poorest seems only to be widening over time, despite the ostensibly ‘well-intentioned’ efforts of governments to intervene on behalf of the disadvantaged. Can Bitcoin (BTC) —and cryptocurrency in general — help with this? While critics would argue that the […]

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Paid Millions to Hide Trillions: Meet Crime Enablers In Traditional Finance

October 10, 2021

llicit wealth. The people who don’t get mentioned as much in the media coverage of the Pandora Papers, however, are the enablers devoted to helping the richest people in the world get richer and to pass on their wealth while avoiding or evading taxes. These enablers help criminals and kleptocrats launder their ill-gotten gains. They […]

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