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Libra, Facebook’s Cryptocurrency, to Launch Next Year in Limited Version
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The much anticipated Facebook’s Libra cryptocurrency will launch in the first quarter of next year. The single digital coin supported by the dollar has been an initiative that was first unveiled by Facebook in 2019.



The 27 strong Libra association will be responsible for the governance and i...

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By: Wayne Jones

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#EBay #Facebook #MasterCard #PayPal #Stablecoin #Vodafone
Russia Finally Recognizes Digital Financial Assets as Property
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During a government meeting on 26th Nov, Mikhail Mishustin, the Prime Minister of Russia, announced that the government intends to acknowledge digital financial assets as property. The holders of cryptocurrencies will claim and protect their property rights and interests in Russian...

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By: Wayne Jones

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#CryptoRegulations #CryptoTax #CryptoTrading #RussiaCrypto #RussianTaxCode
CME Ranks the World's Largest Bitcoin Futures Market, Latest Data Shows
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Bitcoin financial derivatives have grown significantly in recent months. On Friday evening (EST), Arcane Research reported that the Chicago Mercantile Exchange (CME) surpassed OKEx as the largest Bitcoin futures provider.



The CME regulated derivatives market is doubling every month as inflows...

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By: Wayne Jones

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#Bakkt #Binance #BitMEX #ByBit #CmeBitcoinMarket #OKEx
Guggenheim Partners to Gamble on Future BTC Prices by Investing over $500 Million
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On November 27th, Guggenheim Partners joined the train of traditional financial institutions with exposure in the crypto field. The company filed an amendment with the US Securities and Exchange Commission seeking to invest over $500 million in Bitcoin. They will invest indirectly through...

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By: Wayne Jones

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#GBTC #GrayscaleBitcoinTrust #MicroStrategy #PayPal #SEC
Bitcoin Price Prediction 2021: BTIG Hopeful It could Hit $50,000
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BTIG strategists noted that cryptocurrency has come of age, and bitcoin could roll to $50,000 by the end of 2021.



BTIG analysts are very confident with the performance of bitcoin, thus set the price target for the coin. Analysts cited institutional support, the pandemic and its upward...

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By: Wayne Jones

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#BTCPrice #BtcPricePrediction #BTIG #FederalReserve
Crypto Trading Tax in South Korea Put Off by 20% to 2022
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The National Assembly Strategy and Finance Committee of South Korea approved new amendments to the tax law. Furthermore, it postponed the imposition of income crypto trading tax until January 2022, local news agency Yonhap reported today.



The tax law was initially to take effect on October 1,...

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By: Wayne Jones

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#CryptoTax #ICOs #TheNationalAssemblyStrategyAndFinanceCommittee
A $5M BTC Transfer by An Anonymous Party from The 2016 Bitfinex Hack
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On Monday 30th, an anonymous crypto holder moved 270.97974 Bitcoin from a wallet associated with the 2016 Bitfinex breach. The sum is about $5.2 million at the time of writing.



The hackers responsible for the breach have moved only less than 2% of the stolen funds during the four-year interim...

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By: Wayne Jones

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#Bitcoin #Bitfinex #BitfinexHack #CryptoMining #Wallets
Diem is the New Libra Association as the Launching Date Approaches
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On Tuesday, The Libra Association, established by Facebook last year, announced its rebranding to Diem. The name originates from a famous Latin phrase ‘Carpe Diem’ which means to Seize the Day. The rebranding will help the association to distance itself from the controversial Facebook-led vision r...

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By: Wayne Jones

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#CBDCs #CentralBanks #Diem #Facebook #FacebookLibra
APAC Takes The First Step in Regulating Cryptocurrency Markets
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With Bitcoin hitting the mythical US$20,000 mark for one Bitcoin, the crypto market has been flooded with trading activities for the past few weeks. In less than three months, Bitcoin has climbed up its initial price of US$10,000 per Bitcoin and managed to attract scrutiny not just from the...

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By: Wayne Jones

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#AML #Bitcoin #CFT #CryptoRegulations #ICO #KYC #SFC
Bitcoin Positivity: Economic Model Predicts a $200K+ BTC Price by 2022
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Bitcoin has been on a bumpy ride throughout the past few days. Bulls sent the cryptocurrency to a record high of around $19,800 yesterday before losing ground to bears.



Since then, the cryptocurrency price fell sharply, hitting a low of $ 18,200. The buying pressure here was quite intense and...

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By: Wayne Jones

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#Altcoin #BtcBulls #BTCPrice #EthPrice #MikeNovogratz
MetaMask Phishers Are Getting Away with User Funds: CipherTrace Warns
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A surge in reports over the past 24 hours of user funds getting stolen by a malicious Chrome browser extension posing as popular crypto wallet MetaMask, has prompted Cyber Security firm CipherTrace to issue a warning.  



Titled, "ALERT: Malicious Crypto Browser Extension — Masked M...

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By: Wayne Jones

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#CipherTrace #CryptoWallet #CyberSecurity #Cybercrime #EthereumCrypto #Phishing
Bitcoin Shows Strength as it Surges After Bulls Defend Key Level
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Bitcoin finally managed to surpass its previous price record just a few days ago after it established an all-time high of $19,825 on Monday. 



Bitcoin's rally has now driven its price up by more than 400% from its mid-March lows of $3,858. Since 2017, this marks the second time bitcoin...

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By: Wayne Jones

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#BTCATH #BtcBulls #BTCPrice #BtcPriceAnalysis #BtcRally #CryptoVolatility
Pakistan May Open up to Crypto Soon after Waqar Zaka’s Petition Filing
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On Dec 2nd, The Khyber Pakhtunkhwa (KP) Assembly in Pakistan passed a resolution. It is calling the Pakistan Federal Government to address the legal matters of Cryptocurrency in the country. Waqar Zaka, a crypto evangelist, has been making headlines for the right reasons as he leads the petition....

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By: Wayne Jones

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#CFTC #FIACyberCrime #KhyberPakhtunkhwaAssembly #PakistanFederalGovernment #StateBankOfPakistan #WaqarZaka
JD.com Sets off as The First to Embrace Digital Yuan
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On 5th Dec, E-commerce giant JD.com became the first China’s online platform to accept digital Yuan currency.



JD Digits, the company’s fintech arm, will begin accepting digital yuan as payment for particular products on its online mall, as an experimental giveaway of the currency to citizens of...

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By: Wayne Jones

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#BIS #CBDC #Diem #Ecommerce #Fintech #JDCom #WeChat
India Approach to Cryptocurrencies Amid Worldwide Crypto Boom
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The Reserve Bank of India (RBI) banned all banking transactions by crypto traders two years ago, calling it ring-fencing. It was not an immediate ban, but mere restrictions on those doing it. In March this year, the Supreme Court (SC) intervened and threw out the ban.



Perhaps, the withdrawal...

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By: Wayne Jones

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#CryptoBoom #MasterCard #PayPal #RBI #VRGamingCafe #WazirX
Bitcoin Trades Above Crucial Resistance As Bulls Aim to Reclaim $20k
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Bitcoin price is rising steadily above the crucial $18,800 and $19,000 resistance levels. The flagship cryptocurrency is currently trading above the $19,000 resistance at its current price of...

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By: Wayne Jones

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Binance Profits to Range Between $800 Million to $1 Billion this Year
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By far the largest cryptocurrency by market cap, bitcoin's price has risen over 170% since the year started. Earlier this week, it made news to set a new all-time high before giving back some gains. Similarly, exchange volumes have exploded. Launched in 2017 by Changpeng Zhao(CZ), Binance is one...

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By: Wayne Jones

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#AML #CoinMarketCap #CryptoExchange #CryptoRegulations #FATF
One Percent Staked on Ethereum 2.0 Beacon Chain, 6% in DeFi
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According to co-founder Vitalik Buterin, more than 1% of Ethereum circulating supply is now locked up on the project’s new beacon chain. He added that the ETH is doing better than his expectations.



ETH 2.0 deposit contract was deployed last month, and the progress was quite sluggish. They f...

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By: Wayne Jones

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#BeaconChain #DeFiProtocols #ETH #ETH10 #ETH20 #MarketCapitalization #VitalikButerin
Grayscale Ethereum Trust, Credible Digital Currency Investment, Acquires 100,000 ETH
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The global leader in digital currency asset management, Grayscale, has announced that they bought 100,000 ETH. After the sales reported on the presently filed Current Report on Form 8-K by Grayscale Ethereum Trust (ETHE), the Trust issued 1,140,900 Shares at different prices.



These shares were...

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By: Wayne Jones

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#DigitalAssetHoldings #ETHE #GenesisGlobalTrading #GrayscaleEthereumTrust
A Chaotic Correction in Sight as Bitcoin Price Drops by 5%. What Next?
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For the past few days, the bitcoin price ranged below $19,500 and $19,600. The BTCUSD pair made a couple of attempts to gain strength above $19,400, but it could not get back to its high.



Currently, Bitcoin is trading under $18,328, after continuous failed attempts to sustain above its former...

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By: Wayne Jones

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#BtcBears #BtcBulls #BTCPrice #EthBears #EthPrice