Day: October 12, 2020

Japan Must Reform Central Bank Laws to Accelerate CBDC Issuance

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The Bank of Japan stated that it would start conducting research in the following financial year on how to develop and operate its CBCD. A local government official in Japan has said that the country needs to rapidly amend its central bank laws to allow the Bank of Japan (BOJ) to issue a national digital currency. Kozo Yamomoto, the Liberal Democratic Party lawmaker, stated that the central bank of Japan is at risk of being overtaken by private firms, which could unveil their own virtual currencies that could undermine the…

Bitcoin News Roundup for Oct. 12, 2020

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With BTC back above $11K and China giving away its new digital currency, CoinDesk’s Markets Daily is back for your latest crypto news roundup! Despite a dip today, bitcoin has crossed into bullish territory with the biggest weekly gain since July. BitMEX, the cryptocurrency derivatives exchange recently charged by U.S. authorities for offering illegal trading services, has hired a compliance veteran. The promotion is part of China’s efforts to try out out and stimulate usage of its new digital currency. The extortionists demand a payment in bitcoin to avoid the…

British Airways Boss Alex Cruz to Step Down amid Management Shakeup

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British Airways announced a major leadership shakeup as an effort for the airline carrier to stay productive beyond the COVID-19 pandemic. On Monday October 12, IAG (International Airline Group) has revealed that the current chairman and CEO of British Airways Alex Cruz will leave the airline after less than five years of experience in the role. The current CEO and chairman of Aer Lingus, Sean Doyle, would therefore become the interim CEO and chairman of British Airways. In the statement issued by AIG, the company that owns both British Airways…

The first-ever mining hardware marketplace just launched

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Asic Jungle has launched a beta version of what it calls “the first-ever mining hardware marketplace” for cryptocurrency mining hardware. The company’s CEO Artem Bespaloff told Cointelegraph that he has created a trusted platform for second-hand mining equipment that operates without any middlemen: “[It’s] the first and only online marketplace where buyers can interact directly with sellers through the platform and not have to use any brokerage services or Telegram channels (I call them ‘sketchy’ Telegram channels) because all sorts of things go on there. And we decided to create…

Digital Assets Can Be Used by Anyone Anywhere in the World

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As the number of businesses that accept digital assets increases, the popularity and usage of cryptocurrency as a valid means of payment will also increase. Apart from volatility and security concerns, the complexities involved in using digital assets as a medium of payment is undoubtedly a major hurdle impeding mainstream adoption. Until recently, using cryptocurrencies to pay for products and services was a herculean task. And even at that, the number of merchants and retail outlets that accept digital assets as a means of payment is still relatively small A…

ZeroSwap DEX Platform to Transform DeFi Ecosystem

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Its unique features give ZeroSwap an edge over the incumbents and boost its attractiveness to users. The Decentralised Finance (DeFi) space is growing at an astonishing pace with investors keen to make the most out of this frenzy. The Blockchain developers’ community has played a significant role by providing the necessary tools to accelerate DeFi growth. Decentralised Exchanges (DEX) have been central to this movement by facilitating simple, efficient, and cheap means for participating in the space. Through DEXes, users are able to provide and access liquidity, invest in token…

deepTradeBot Shares Their Roadmap for 2020-2021

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Place/Date: London, England – October 12th, 2020 at 3:08 pm UTC · 2 min read Contact: deepTradeBot, Source: deepTradeBot Photo: deepTradeBot The popular AI crypto-trading solution deepTradeBot.com has just published a list of plans and updates to implement until the end of 2021. The plans are very high, and cover a wide range of tasks and the users’ expectations. Until the end of the current year the company promises 3 massive updates that will become helpful for traders and these who build their affiliate businesses within the platform. Among them are:…

DeFi traders blame YFI price collapse on shorting by Alameda Research

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Yearn Finance (YFI) price has been in a serious rut during the past 2 weeks and many in the crypto community blame the sharp correction on Sam Bankman-Fried (SBF), the CEO of Alameda Research and FTX.  In the past month, DeFi giant Yearn.finance’s native token YFI dropped 62.7% from $43,970 to $16,360. As Cointelegraph has reported, the majority of DeFi tokens corrected 40%-60% in September and this sell off took place as Bitcoin and Ether (ETH) prices also dropped. In the past 40 days, the price of Ether declined from…