Chinese Bitcoin billionaire Zhao Dong predicts the crypto spring will only come in 2020, while crypto summer will not arrive until 2021. Chinese alleged Bitcoin (BTC) billionaire Zhao Dong believes that the crypto spring will only come in 2020. His opinion, shared in a public chat in local messenger WeChat, was cited by Chinese crypto […]
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The $200 million legal proceedings over the de facto defunct exchange have interest from a raft of law firms. Embattled Canadian cryptocurrency exchange QuadrigaCX has become the subject of a bidding war as lawyers meet to win creditor representation, Bloomberg reported on Feb. 12. The hearing at the Nova Scotia Supreme Court on Feb. 14 […]
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Crypto investors and miners are turning to derivatives such as options in an attempt to survive the protracted market downturn. Crypto investors and miners are turning to derivatives such as options in an attempt to survive the protracted market downturn, a Bloomberg piece argues on Feb. 13. The article presents the increasing popularity of complex […]
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South Korea’s Busan has signed an MoU with blockchain firm Hyundai Pay to revitalize the blockchain industry. The South Korean city of Busan has signed a Memorandum of Understanding (MoU) with blockchain company Hyundai Pay, according to a press release published on Feb. 12. According to the announcement, South Korea’s second most populous city after […]
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CEO Laurent Kssis told Bloomberg the company had no clue about hard forks and related concepts last year. Swedish Bitcoin (BTC) exchange-traded note (ETN) operator XBT Provider has shelved plans to offer altcoin products due to market volatility, Bloomberg reported on Feb. 13. Speaking to the publication, XBT’s CEO Laurent Kssis revealed the company did […]
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The Global Open Network is a joint effort with a U.S. content delivery and cloud platform company. Japan’s Mitsubishi UFJ Financial Group (MUFG) has officially announced it will launch a new blockchain-based payment system, according to a press release published on Feb. 12. The world’s fifth-largest bank is working on the project in partnership with […]
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Coinbase Wallet users will now be able to store encrypted copies of their recovery keys on select cloud services. Users of Coinbase Wallet can now back up their private keys on Google Drive or iCloud, according to an official announcement on Feb. 12. In the statement, Coinbase states that allowing users to upload their keys […]
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According to a report, QuadrigaCX has “inadvertently transferred 103 bitcoins valued at approximately $468,675” to cold wallets the exchange cannot currently access. Major Canadian crypto exchange QuadrigaCX accidentally transferred nearly $500,000 in Bitcoin (BTC) to its cold wallets earlier this month, according to a report published by Ernst & Young on Feb. 12. The founder […]
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Overstock founder Patrick Byrne has stated that blockchain technology is capable of making government “superefficient.” The founder and CEO of retail giant Overstock.com Patrick Byrne says that blockchain can make government “superefficient and incapable of being bribed,” in an interview with MarketWatch published on Feb. 12. Byrne reportedly said that government services have reached a […]
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The Central Bank of Chile issues a detailed report on cryptocurrencies, stating they have no potential to substitute traditional money. The Central Bank of Chile (BCC) believes that cryptocurrencies are unable to substitute traditional money, according to an in-depth report on crypto issued Feb. 7. The document, signed by the central bank’s president Mario Marcel, […]
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