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Category Archive : Crypto News

Bitcoin Miners Saw 8% Revenue Increase in October

12% of revenue came from fees, the highest percentage since Jan. 2018.

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Author: Zack Voell

First Mover: Bitcoin Retreats Before US Election After Dominating Crypto in October

Bitcoin had an unusually bullish October, with a 29% gain that led the monthly performance ranking of digital assets in the CoinDesk 20.

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Author: Bradley Keoun

Binance Labs–Backed ‘DeFi Credit Union’ Bringing Higher Yields to Savers in Nigeria

With backing from Binance Labs, Nigeria’s Xend Finance is looking to bring DeFi to the world of local credit unions.

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Author: Doreen Wang

eToro Adds Insolvency Insurance Policy – Crypto Users Not Included

The free insurance scheme covers customers for up to £1 million if the firm should ever become insolvent. But crypto holders are left out in the cold.

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Author: Daniel Palmer

Opium Raises $3.3M to Make Exotic Crypto Derivatives Available to All

Opium has closed a $3.25 million funding round for its BYOD (build your own derivative) platform

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Author: Doreen Wang

Who will win the election? A look at what the prediction markets tell us

Quick Take

  • Political betting tends to be more accurate at predicting elections than polls
  • Let’s look at what the results tell us now

This research piece is available to
members of The Block Genesis.
You can continue reading
this Genesis research on The Block.

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Author: Larry Cermak

Blockchain Could Make Dismantling Nuclear Warheads More Secure: UK Report

Nations working to decommission nuclear weapons should turn to blockchain to build trust and make the verification process more secure, a new policy report says.

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Author: Daniel Palmer

Bitcoin Revisits $13.5K After Posting Best Month Since April

After October’s double-digit price gain, bitcoin may be looking at a short-term pullback.

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Author: Omkar Godbole

Cayman Islands Announces Legal Framework in Bid to Attract Crypto Businesses

The Cayman Islands is building a regulatory framework for “virtual asset service providers” with some measures already enacted.

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Author: Daniel Palmer

PBoC governor says digital yuan’s pilot has done 4M transactions so far with $300M

The testing phase of China’s central bank digital currency (CBDC) initiative has so far conducted 4 million transactions, according to Yi Gang, the governor of the People’s Bank of China (PBoC).

Yi spoke virtually at the Hong Kong Fintech Week event on Monday and said the testing has been running smoothly across four cities in China with 4 million transactions conducted involving over 2 billion yuan, or $300 million.

Yi said China’s central bank digital currency, also known as DC/EP, is at its early stage and still needs a more comprehensive legal framework. He added that the PBoC will initiate more discussions with overseas central banks and regulatory bodies focusing on the legal frameworks for CBDCs.

Last month, the PBoC published a draft revision to the current central banking law, which seeks to legalize the status of Renminbi in a digital form and prohibit the issuance of any other form of digital tokens that aim to replace the circulation of Renminbi.

Major state-owned commercial banks in China have started the tests for DC/EP among merchants in Chengdu, Suzhou, Shenzhen and Xiong’An, since earlier this year. 

Last month, the local government in Shenzhen ran a larger scale of test where it gave away about $1.5 million in DC/EP to 50,000 local residents to let them test it out.

© 2020 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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Author: Wolfie Zhao


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