Cryptocurrency

SEC Punts Coinbase's Lending Ambitions

Coinbase has caved to pressure from the SEC and tabled it’s plans to launch a product that would pay Coinbase users’ interest for lending out their tokens.The decision to shelve its Lending product, which the company announced quietly in a blog post on Friday, comes after the Securities and Exchange Commission threatened to sue if it moved ahead

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As El Salvador Adopts Bitcoin as National Currency Bitcoin Tanks

The Central American country of El Salvador made a tremendous change to its economy on Tuesday as it has become the first country in the world to accept Bitcoin as a legal tender. This means that citizens of El Salvador can use Bitcoin to purchase just about any commodity that would otherwise require a U.S. dollar after the nation adopted the U.S. dollar as its national currency in 2001

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The PolyHack

Ever hear of bank robbers pulling off a successful heist then subsequently deciding to return the money? Yeah, neither have we. Tuesday “hackers perpetrated what is likely the biggest theft ever in the world of decentralized finance, stealing about $600 million in cryptocurrency from a protocol known as PolyNetwork that lets users swap tokens across multiple blockchains.”

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The Banning of Binance

The crackdown on cryptocurrency is spreading across the world as regulations and restrictions on cryptocurrency trading began largely in China and have traveled over to the U.K.

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PRC Continues Crypto Crackdown

China is furthering its fight against Cryptocurrencies by attempting to eliminate all trading and mining throughout the country. On Monday, June 21, China gathered officials from banks across the country to enforce their ban on these banks providing cryptocurrency services to their customers. Chinese banks are also prohibited from allowing any form of cryptocurrency transactions through the bank

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What May Be Driving The Crypto Bear Market

China’s efforts to restrain cryptocurrency trading and mining are potentially driving wild volatility in bitcoin and other markets. Already down hard from records set this year, bitcoin and other digital currencies sold off last week after Chinese authorities renewed pressure on the country’s banks and payment companies to curb cryptocurrency-related transactions. Markets stumbled again after a powerful super-regulator chaired by Vice Premier Liu He pledged to crack down on cryptocurrency mining and trading

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Tesla Bets Big On Bitcoin

02.08.21 - Tesla is placing a big bet on bitcoin, stating that the company may soon accept the digital currency as payment for its cars, and stated further that it is now holding some of its money in bitcoin as opposed to traditional currencies

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Bitcoin Jumps to Record High

11.30.20 - Bitcoin just hit another milestone as the cryptocurrency surged 9% overall to a new all-time high of about $19,860 on Monday, just breaking the previous peak of $19,783 from December 2017

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