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At Least One Key Huobi Executive Is In Custody in China: Sources

At Least One Key Huobi Executive Is In Custody in China: Sources

The Chinese police appear to have intensified their crackdown on crypto exchanges’ OTC trading services in the last year.

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Bitcoin News Roundup for Jan. 22, 2021

With bitcoin back above $30K and analysts calling for a deeper correction, CoinDesk’s Market’s Daily is back with the latest news roundup.

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OKCoin becomes latest exchange to integrate Bitcoin’s Lightning Network

OKCoin is the latest exchange to announce it is integrating Bitcoin’s Lightning Network.

The post OKCoin becomes latest exchange to integrate Bitcoin’s Lightning Network appeared first on The Block.

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Singapore Exchange, Temasek Launch Digital Asset Business for Capital Markets

The new venture will focus on capital markets, and the firms are looking to partner with fixed income issuance platforms for their post-trade infrastructure.

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Ethereum’s Road to $2K: 3 Reasons to Be Bullish

Ether recently broke above $1,400 for the first time in two years. Here are three events that could push the price even higher.

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Russia’s Sber Bank Files to Launch Its Own Stablecoin

Russia’s largest retail bank has applied to become a licensed digital assets issuer.

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BIS Plans Platform for Testing Central Bank Digital Currencies in Cross-Border Payments

The new platform was announced as part of the BIS Innovation Hub’s priorities and programs for 2021.

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MicroStrategy Buys the Dip, Adds $10M to Bitcoin Treasury

CEO Michael Saylor bought the coins for an average price of $31,808.

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First Mover: Bitcoin Newbies Get Volatility Lesson as Old Pros Lament FUD

A mixture of bearish price-chart patterns and ill-understood news items combined to cause bitcoin’s biggest price plunge since March, in a demonstration to market newcomers of the cryptocurrency’s notorious volatility.    

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Tether’s Bank Deltec Says Stablecoin Is Fully Backed by Reserves

“Every tether is backed by a reserve and their reserve is more than what is in circulation,” said Gregory Pepin, Deltec Bank’s deputy CEO.

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