The Sand Dollar: Bahamas Launches World’s First CBDC
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On the 20th of October 2020, the Central Bank of Bahamas took to its Twitter account to announce the launch of the Bahamian CBDC, the Sand Dollar. The Bahamas is the first country to release a central bank digital currency beyond a pilot program.



The Central Bank of the Bahamas first announced...

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By: Wayne Jones

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#BahamianCbdc #CBDC #DigitalYuan #Nzia

Bitcoin Price Shoots Past $12K as Buyers Take Control
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Bitcoin surged higher towards $12,000 on Tuesday as bulls renewed their buying pressure. The leading crypto managed a break above this important psychological level that had held as strong resistance for...

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By: Wayne Jones

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#Altcoins #BTC #BtcBulls #DeFi #FederalReserve

PayPal To Offer Crypto Support: How Big a Deal is it?
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According to a PayPal press release on Oct 21, the payments giant is ready to let users buy, sell, and hold BTC, LTC, BCH, and ETH. The company decided on the move in a bid to encourage the global use of digital coins, according to PayPal CEO Dan Schulman.



PayPal plans to launch crypto support...

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By: Wayne Jones

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#BTC #CBDCs #Cryptocompare #Paxos #PayPalCrypto

CBDC Building Fray by Central Banks: Which Country Will Be First?
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The central bank digital currency (CBDC) frenzy is seemingly reaching the point of no return. Over the next few years, more central banks look set to turn to these novel financial instruments as a principal payment device. 



The majority of the CBDCs in development are retail iterations that ...

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By: Wayne Jones

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#BankOfCanada #BIS #DigitalYuan #FederalReserve #MIT

China's Central Bank (PBOC) to Ban the Issuance of Cryptocurrencies
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In another crypto ban, the People's Bank of China (PBOC) is accepting public comments on a bill designed to pave the way for the digital yuan. China's ICO for 2017 and the crypto trading ban were making waves in the market at that time. Since then, state authorities have continued to restrict...

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By: Wayne Jones

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#CentralBankAct #CryptocurrencyBan #DigitalYuan #ICO #ICOBan

Hacker Drain $24M from DeFi Protocol Harvest Finance
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On Oct. 26, 2020, an attacker reportedly exploited $24 Million from DeFi platform Harvest Finance. The dev team behind the protocol explained in a tweet that the unknown hacker infiltrated one of its yield farming pools and swapped his loot for RenBTC.



The malicious actor exploited the Curve y...

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By: Wayne Jones

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#DeFi #DeFiProtocol #FARMToken #PeckShield #RenBTC #RugPull #YieldFarming

Ant Group Seeks to Raise to $ 17 Billion From an IPO in Shanghai
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Jack Ma's Ant Group Co. is expected to see an upsurge of nearly $ 35 billion through IPOs in Hong Kong and Shanghai. This prizewinning situation would be considered the world's most significant selling stock to date.



Fintech is valuing its stake in Shanghai at 68.8 yuan ($ 10.27) in cash and...

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By: Wayne Jones

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#Alibaba #IPO #JackMa #ShanghaiStockExchange #USElection

Whale Completes Mammoth-Sized Transfer of Over $1.15B in Bitcoin
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On Oct.26 at 14:59 UTC, an anonymous crypto holder transferred $1,153,612,284 worth of Bitcoin (88,857 BTC) to an unknown destination. On-chain data from blockchain.com confirmed the coins in block 654,364. 



The move marks the largest dollar value BTC transaction in history, surpassing...

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By: Wayne Jones

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#BlockchainCom #BTC #BtcTransaction #Coinbase #CryptoWhales #CrystalBlockchain

FinCEN Wants Information on All International Crypto Transactions Over $250
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The Financial Crime Network (FinCEN) and the Federal Reserve are looking for more information on smaller transactions than ever before.



According to a notice issued on Friday about the proposed rule-making, the agency wants to lower the $ 3,000 international transaction threshold set in 1995...

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By: Wayne Jones

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#AMLWatchdog #CryptoExchanges #FederalReserve #FinancialActionTaskForce #TravelRule

IOTA Joins a NEDO-funded Project to Set Up a Predictable Support System Based on AI and DLT
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The IOTA Foundation, a non-profit organization behind the IOTA block, has announced that it has joined the Japanese government on an industrial infrastructure project funded by NEDO.



The foundation is partnering in a project initiated by Japan's premier support companies, Best Materia and IMC,...

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By: Wayne Jones

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#AI #DLT #IotaFoundation #IOTATangle #Nedo

Paypal is Adopting Cryptocurrency. Is it the Right Move?
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The battle against fiat is up and in full swing globally. PayPal - one of the largest payment companies globally with a market capitalization of $ 240 billion - will soon enable U.S. customers to buy, HODL, and sell bitcoin, bitcoin cash, ether (the crypto that powers Ethereum), and...

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By: Wayne Jones

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#BCH #BTC #ETH #FCA #LTC #PayPalCrypto

Mate 40, Huawei’s Flagship Smartphone with an In-built Hardware Wallet Supporting the Digital Yuan
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On October 30, Huawei announced the release of Mate 40, the first phone that incorporates China's central bank hardware wallet. Future Mate 40 series phones will also support central bank digital currency.



Mate 40 enables dual offline transactions, hardware-level security, and anonymity for...

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By: Wayne Jones

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#CBDC #DigitalYuan #HardwareWallets #HTFMI #Huawei

LockTrip Partners with Electroneum Attracting More than 9,100 Electoneum App Downloads
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LockTrip recently announced a critical partnership with Electroneum, a leading empowerment project in emerging markets and freelance platform developer AnyTask.com. More than 9,100 new users have downloaded the Electroneum app bringing total users to 2,707,208.



Electroneum is the first...

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By: Wayne Jones

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#AnyTask #Electroneum #ETN #Freelancing

Iran BTC Adoption as an Exchange Medium a Spark for Mainstream Crypto
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In an October 30 report, Iran makes headlines by becoming the first country to embrace bitcoin as a lawful mode of exchange formally. The US’ Treasury Department plunged a new wave of sanctions against the state, thus leading to this monumental decision. 



Recent reports stated that the C...

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By: Wayne Jones

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#BTC #CBDC #COVID19 #CryptoAdoption #USTreasury

Square Funds Project to Provide Grants for More Cryptocurrency Wallet Accessibility
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Square Inc (NYSE: SQ) announced that a grant would be awarded to a designer looking to simplify the cryptocurrency portfolio and make it more accessible to users with less tech knowledge.



The San Francisco-based cryptocurrency company announced on Twitter that it was giving a grant to Maggie...

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By: Wayne Jones

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#BTC #CashApp #COPA #JackDorsey #JPMorgan #SquareInvestmentFund

Centralized Exchange CEOs On Watch. Who Is Next?
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We are currently in a game of crypto centralized exchange CEOs survivor. So, exactly who will be the last man standing?



Data from CryptoQuant, a crypto information provider, shows a significant spike in bitcoin fund outflows from Huobi Global over the past few days. This development occurred...

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By: Wayne Jones

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#BitMEX #CBDC #CryptoQuant #Huobi #OKEx

Hong Kong Wants a Regulated Cryptocurrency Trading Platform
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Hong Kong will regulate all cryptocurrency trading platforms operating in the financial hub, urban marketplaces, as announced on Tuesday. It will change its previous approach to inclusion.



Financial regulators around the world are still examining whether and how to regulate the cryptocurrency...

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By: Wayne Jones

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#CentralBanks #CryptoTrading #ESCB #Regulation #SFC

OKEx Attempts to Calm Frustrated Customers on The Withdrawals Hitch
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OKEx, a well-known crypto exchange, ranked 11th, requests for patience as users are deadlocked from withdrawing their funds. The company stated that they are working rigorously to ensure normalcy in the digital asset withdrawal. 



OKEx Matters in Question



OKEx has disputed claims that one of ...

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By: Wayne Jones

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#Bitcoin #ColdWallets #CryptoExchange #ETH #Ether #Tron

UK Treasury Drafts Stablecoin Regulation and Applauds Ongoing Research into CBDCs
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On Nov. 9, 2020, the UK Treasury Department revealed that they were drafting private stablecoin regulation in what has been viewed as a new chapter in the country's financial services industry.



Treasury's Chancellor Rishi Sunak highlighted the proposal to regulate privately-issued digital...

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By: Wayne Jones

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#BankOfEngland #CBDCs #EuropeanUnion #G7 #Libra #Stablecoin

Legal Battles between Cred Directors and Accrued Debts Marshal in the Bankruptcy Filing
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Cred Inc, a crypto investment firm, filed for bankruptcy defense in the District of Delaware on Saturday. Many customers were astonished by this legal move by the lending service. Cred register assets range within $50 million and $100 million and liabilities ranging within  $100 million and...

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By: Wayne Jones

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#Bankruptcy #BTC #Crypto #CryptoLending #Uphold

Bitcoin Surges Over $15,000: Kickstarting an Unprecedented Rally?
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Bitcoin price surged above  $15,000 on Thursday, reaching levels not seen since January 2018 amid uncertainty surrounding the US presidential election. The world's most famous cryptocurrency last traded almost 9% higher at $15,233.



Bitcoin collapsed in 2020 and has more than doubled its value ...

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By: Wayne Jones

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#FOMO #MicroStrategy #PayPal #PayPalCrypto #Square #USElections