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A cryptocurrency is a digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets.

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Upbit Ramps Up Security with 24-Hour Withdrawal Delay

Photo: FM South Korean cryptocurrency exchange, Upbit is going to introduce a withdrawal delay system from Friday in an attempt to curb malicious activities. Announced today, the exchange is introducing a 24-hour delay on all digital asset withdrawal requests after deposits in Korean fiat. With this

Regulatory Bodies

Chinese Police Seize Over $4.2 Billion from Plus Token Proceeds

Photo: Finance Magnates The Chinese police have seized more than $4.2 billion worth of cryptocurrency assets in its crackdown against the Plus Token scheme, a recent local court ruling revealed. According to a report by The Block, the Jiangsu Yancheng Intermediate People’s Court ruled against the pe

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Cypherpunk Holdings becomes 9th largest public holder of Bitcoin

Canadian holding company dumped XMR and ETH to fund its acquisition. Photo: Cointelegraph Cypherpunk Holdings (CSE:HODL), a privacy-focused Canadian investment company, has upped its stake in Bitcoin (BTC). The company disclosed Thursday that it has added 72.979 BTC to its reserves since Jun 3

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(BLOOMBERG) Bitcoin Major Correction Finally Slows Down - Nov 27, 2020.#bitcoinsurge##cryptocurrency##FlashNews##digitalcurrency#

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Finance Redefined: DeFi gets its first merger after a devastating hack

Pickle Finance got hacked so badly on Saturday that its developers asked to be merged into Yearn. Photo: Cointelegraph On Saturday, one of the most complex smart contract hacks has occurred yet affecting Pickle Finance, a yield optimization protocol very similar to Yearn — an important point for lat

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19 Nov

(BLOOMBERG) How Much Higher Can Bitcoin Go? - Nov 19, 2020.#Bitcoin# #bitcoinsurge# #cryptocurrency# #BTC/USD# #FlashNews#

#BTC/USD#

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Huobi Granted Initial Approval to Operate in Malaysia

Photo: iStock - Kuala Lumpur Cryptocurrency exchange Huobi, a former ‘big three’ platform, is launching regulated services in Malayisa through a local partnership model. Named ‘Huobi Labuan,’ the company has received a digital asset trading brokerage service license in September. After the initial f

Regulatory Bodies

German Finance Minister Demands Quick Decisions on Digital Euro

Photo: Bloomberg Germany’s Finance Minister, Olaf Scholz expressed his views on a potential central bank digital currency (CBDC) in an online conference on future payments in Europe. Scholz said that the Europeans should work very hard to find a solution for digital payments. According to his statem

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(FX Empire) Bitcoin Move Back Through to $17,500 Levels Would Support the Pack. - Nov 28, 2020.#bitcoinsurge##cryptocurrency##technicalanalysis#...

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Anonymous Crypto Whale Transfers 40 Million XRP to Bitstamp

The unidentified user moved XRP tokens from an address that has been dormant since 2013. Photo: Reuters Blockchain tracking and analytics company, Whale Alert identified that an anonymous XRP holder moved around 40 million tokens to Luxembourg-based cryptocurrency exchange, Bitstamp. The tracking sy

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BitCar announces airdrop programme

Photo: Cointelegraph BitCar is a project which was the world’s first platform that allowed for fractional ownership in collectible exotic cars such as a Ferrari 599 GTO and issued ERC-20 BitCar tokens a few years ago. Since its inception, the project has achieved complex and difficult milestones, ho

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Iota teams up with Austrian uni for Internet of Things and blockchain research lab

The Iota Foundation is teaming up with one of Austria’s most prestigious universities to foster research in distributed ledger technologies. Photo: Cointelegraph The Iota Foundation, the non-profit organization behind Iota, Iota Tangle and Miota, announced they will be joining Austria’s newest Chris

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Wallets with less than 1 BTC account for just 5% of Bitcoin's market cap

With the number of “wholecoiner” Bitcoin wallets holding at least 1 BTC increasing every year, the remaining addresses represent just 5% of Bitcoin’s market cap. Photo: Cointelegraph New data suggests that “wholecoiners” — Bitcoin wallets holding 1 BTC or more — now account for 95% of the cryptocurr

Regulatory Bodies

OECD tax director says international crypto tax standards are coming in 2021

The director of the OECD’s tax center has revealed that the organization expects to release a tax reporting standard for crypto assets by the end of next year. Photo: Cointelegraph Pascal Saint-Amans, the director of the OECD’s Centre for Tax Policy and Administration, has asserted that the 37-natio

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Yearn Finance announces another 'merger' with the Cream lending protocol

Yearn users will be able to use their strategy pool tokens as collateral for lending. Photo: Cointelegraph Two days after Yearn Finance (YFI) and Pickle Finance joined forces in DeFi’s first effective merger, Yearn founder Andre Cronje published details of another upcoming integration with Cream, a

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