Burkhard Balz, a German politician and executive board member of the country’s central bank, said in a speech on Oct. 20 that it was crucial to build tools to restrict how the digital euro is used upon launch. Balz emphasized that people should only be...
Ban All Ransomware Payments, in Bitcoin or Otherwise – CoinDesk
We all know it’s illegal to kidnap someone and ask for a ransom payment. But should it also be illegal for the victim to pay the ransom? Earlier this month the U.S. Treasury Department did just that. It notified the world that certain ransom payments...
Bitcoin trader shares 7 reasons to be bullish on BTC beyond $12K
Bitcoin (BTC) abandoning correlation with traditional markets will be its “biggest story” if it continues, one popular analyst says. In a series of tweets on Oct. 21, Cole Garner highlighted Bitcoin’s market decoupling among bullish price factors. Garner: Decoupling will be crypto’s “biggest story” Garner...
Predictions Platform Polymarket Raises $4M From Polychain, Naval Ravikant and More – CoinDesk
Polymarket, a decentralized information marketplace, has closed a $4 million funding round led by Polychain Capital. Announced on Monday, the round was joined by some of the industry’s most well-known advocates and investors such as former AngelList CEO Naval Ravikant, former Coinbase CTO Balaji Srinivasan,...
Abramoff-linked crypto firm says SEC has no case against it
The NAC Foundation has accused the United States Securities and Exchange Commission of misconduct in an ongoing case. According to court documents Oct. 20, Rowland Marcus Andrade and his company NAC Foundation asked a San Francisco federal judge to dismiss the SEC’s June lawsuit alleging that he...
Tether Still Dominates Stablecoins, but USDC and Dai Are Winning DeFi – CoinDesk
While tether (USDT), with a market cap surpassing $16 billion, continues to hold the lion’s share of stablecoins in circulation, two smaller rivals are trouncing it in crypto’s hottest market this year, decentralized finance (DeFi). Measured by the total value locked in six of the...
Central Bank of Bahamas Launches Landmark ‘Sand Dollar’ Digital Currency – CoinDesk
The Central Bank of the Bahamas has officially launched its national digital currency. The first of its kind in the world to have been fully deployed, the sand dollar is a digital version of the Bahamian dollar. Issued by the country’s monetary authority as a...
Crypto Market Cap Gains $7 Billion as Bitcoin Blasts Through $12,000
Bitcoin has surged past $12,000 in the past several hours and it came just $200 away from marking a fresh 2020 high above $12,500. Interestingly, the alternative coins haven’t followed BTC’s move upwards, and Bitcoin has increased its dominance over the market. Bitcoin Nears A...
UK-Listed Firm Mode Putting up to 10% of Cash Reserves Into Bitcoin
Mode said it’s the first U.K. listed firm to invest in bitcoin as part of its treasury management strategy.
BlockShow returns as partner to Singapore central bank’s fintech event
BlockShow, one of the largest blockchain events in the blockchain and crypto industry, will curate discussions around blockchain and cryptocurrency for a five-day hybrid online and offline event hosted by the Monetary Authority of Singapore. The event runs from Dec. 7–11 and the attendees will...