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News and Articles by Diana



Bitcoin

Inflow of BTC on crypto exchanges fell to a three-year low

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More and more investors are switching to long-term storage of bitcoins. The flow of BTC to cryptocurrency exchanges has dropped to a three-year low. Players prefer to keep coins in so-called "cold" wallets and do not intend to sell them even if a negative trend returns to the market. In...

PayPal

PayPal users now can buy bitcoins through the Paxos exchange

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The news was provided by Circle Co-Founder and CEO Jeremy Aller, who shared on Twitter a screenshot of a purchase confirmation worth about 0.0075 BTC equivalent to $100. The purchase rate was $ 13,265 plus a small spread, no commissions were charged. At the moment, PayPal is not a BTC wallet, but...

Bitcoin

Bitcoin hashrate fell to three-month low

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The activity of bitcoin miners continues to update lows: the network hashrate on Saturday, October 31, fell to 116 exhashes per second (EH/s). The last time such a volume of computing power used to mine cryptocurrency was observed at the end of July 2020. However, there is no reason to panic, said...

Changpeng Zhao

Binance CEO rejects allegations of violating US laws

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Binance CEO Changpeng Zhao said that his marketplace complies with US law and generally prefers to operate strictly within the legal framework. With this statement, he commented on the accusations that the exchange allegedly uses its American branch to circumvent local laws. We will remind, the...

Huawei

Huawei unveils smartphone with built-in digital yuan wallet

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The Chinese company Huawei has unveiled a smartphone with a built-in hardware wallet for China's central bank digital currency (CBDC). At a press conference on Friday, October 30, the company announced the release of the Huawei Mate 40 smartphone. Yu Chengdong, Huawei's general manager of consumer...

Crypto Mistakes

10 things crypto-newbies should avoid

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Being a beginner in any industry means you will make some mistakes. Mistakes make life difficult, and then you get the impression that you will never stop being a beginner. The same happens in the cryptocurrency industry - a lot of new people make mistakes that are inherent only to beginners. Of...

FTX CEO

FTX launches trading in tokenized shares of large companies

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FTX Crypto Derivatives Exchange Launches Tokenized Stock Trading. The exchange will enable users to buy stakes in companies such as Tesla, Amazon, Apple, Facebook, and Netflix. Fractional stock trading allows you to buy less than one share. FTX has partnered with German finance company CM-Equity...

Peter Schiff

Peter Schiff compared BTC to a bubble of the early 2000s

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Peter Schiff, who heads financial services firm Euro Pacific Capital, is known as one of Bitcoin's fiercest opponents. This businessman on Twitter and during his public speeches always points out the risks of investing in cryptocurrency. In his opinion, BTC is the greatest bubble he has ever seen....

Ether

Miners started selling ether

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In the second half of October, miners started selling Ether (ETH) - this is an extremely alarming signal for the altcoin. A report from the Santiment team says bearish sentiment is on the rise. The activation of miners has become one of the factors signaling a more significant drop in the price of...

JP Morgan

JPM Coin blockchain project will be used for payments

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JPM Coin, the digital currency of investment bank JPMorgan, will be used commercially for the first time this week when sending payments around the world. Said Takis Georgakopoulos, head of the bank's payment department. JPMorgan launches a division called Onyx, which develops blockchain and...

Monero

Monero hits its highest price for 2020

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Apart from Bitcoin, Monero also peaked in 2020. XMR's price today is the highest in more than two years, since September 2018. The all-time maximum was reached on January 9, 2018, when, during a speculative bubble, the price was at $ 542, followed by a sharp drop, which in August of the same year...

Ethereum

Ether falls in price amid bitcoin strengthening

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The correlation between Ethereum and Bitcoin prices weakened, and cryptocurrencies began to move in different directions. BTC continues to make new highs, trading above $ 13,000, while ETH, by contrast, has fallen below the critical level of $400. That is an alarming signal for the largest altcoin....

Digital Yuan

Legal framework for digital yuan to be presented in November

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At the end of last week, the People's Bank of China presented the public with a digital currency regulation (CBDC) bill. Then the regulator announced that the final version of the document would be ready by the end of November. The bill states that the digital yuan will be recognized as the...

Ethereum

ETH surpassed BTC with addresses holding crypto up to $10

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On the Ethereum network, 15 million addresses hold cryptos for $1 to $10. That is almost twice as much as on the Bitcoin blockchain, according to a report from the CoinMetrics team. Researchers found that 7.55 million addresses currently hold cryptos in the BTC network for up to $ 10. Besides,...

Bitcoin

What determines the price of one bitcoin?

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What determines the price of one bitcoin? This question is being asked by many. The financial factors of supply and demand, of course, have a decisive influence on the price of bitcoin. However, there are other factors as well, such as regulation, availability on exchanges, the cost of block...

Link

Whale wallets have accumulated max number of LINK in 2020

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Large investors continue to accumulate the ChainLink (LINK) cryptocurrency. The Santiment team recorded a new surge in the activity of so-called "crypto whales", gathering massive amounts of digital currency. In October, such players controlled the maximum number of LINK tokens in 2020....

China's bank

China's central bank wants to ban yuan-pegged stablecoins

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The People's Bank of China (PBOC) wants to pass amendments to the current central bank law, which provides for the legalization of the digital yuan but prohibits the circulation of stablecoins pegged to the national currency. On October 23, the CB issued a notice to accept public comment on the...

Julian Sawyer

Former Gemini executive to become Bitstamp's new CEO

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Julian Sawyer, a former top manager of the American cryptocurrency exchange Gemini, will become the new head of the Luxembourg-based Bitstamp. Sawyer joined Gemini in December 2019. Under his leadership, Gemini Europe Services, the European arm of the exchange, was registered with the UK Financial...

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