Day: November 27, 2020

Chinese police seized crypto assets worth $4.2B today from PlusToken Ponzi

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The PlusToken controversy, which has led to the arrest of 109 individuals so far, has also reportedly resulted in a titanic seizure of crypto assets by Chinese authorities worth $4.2 billion at today’s prices. According to court filings released publicly on Nov. 19 and posted by The Block, authorities seized a staggering 194,775 Bitcoin (BTC), 833,083 Ether (ETH), 1.4 million Litecoin (LTC), 27.6 million EOS, 74,167 Dash, 487 million XRP, 6 billion Dogecoin (DOGE), 79,581 Bitcoin Cash (BCH) and 213,724 Tether (USDT) from seven individuals convicted in the case. According to…

Exchanges outdo auctions for governments cashing in criminal crypto, says exec

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Earlier this week, Lithuania’s tax service, the Lithuanian State Tax Inspectorate, added $7.6 million dollars to the state budget through the sale of cryptocurrencies seized in criminal investigations.  The occasion marked the first time that the Lithuanian government liquidated confiscated cryptocurrencies. In doing so, the country joined the growing number of jurisdictions worldwide that have auctioned off or sold cryptos obtained by the long arm of the law.  However, unlike the United States Federal Marshals, which netted $37 million at auction from confiscated crypto last February, the STI opted to…

ANALISE BITCOIN & ETHEREUM – MOVIMENTO GLOBAL – EMPRÉSTIMOS DE NFTS – TO THE MOON – 20/11/2020

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Libra Coin Backed by Facebook Set to Roll Out in January 2021

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According to the report, the yet to be launched Libra will have a single coin backed 1:1 by the US dollar. Facebook Inc (NASDAQ: FB) backed digital currency Libra coin is set to be launched in January 2021 after months of legal backlashes and revision of plans. According to the report, the yet to be launched project will have a single coin backed 1:1 by the US dollar. This is much different from the original plan that intended to see the Facebook backed stablecoin pegged to a basket of multiple…

Today's Stock Trade (GTEC)

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Follow me on Twitter: Here are some helpful cryptocurrency sites: Coinbase: Buy Bitcoin, Ethereum and Litecoin. Cryptocurrency Market Capitalizations: Some of these links above are affiliate links: if you click and purchase something, I may receive a small commission at no additional cost to you. I only recommend products I personally use and any commissions help to pay for content creation. Hold Fuel Coffee: Ellipal Hardware Wallet: ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Crypto Exchange Upbit Brings in Withdrawal Delay in Bid to Tackle Fraudsters

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South Korea-based exchange Upbit has announced a limited cryptocurrency withdrawal delay in an effort to protect user accounts from malicious attacks. Scheduled to take effect on Nov. 28, the new restriction will only allow users to withdraw digital assets equal in value to the total of Korean won (KRW) deposited 24 hours after a withdrawal was requested. The withdrawal delay is only applicable to cash deposits that are exchanged for cryptocurrency. There is no time limit on Korean won (KRW) withdrawals corresponding to KRW deposits. Similarly, users can deposit digital…

US Government Gives ByteDance Another Week to Sell TikTok US Arm

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The US government has given ByteDance more time to finalize a TikTok deal. ByteDance Ltd reportedly has a week to sell the US arm of its video-sharing app TikTok. In August, the US government Donald Trump gave TikTok 90 days to find a suitable buyer in the US, claiming the video-sharing app is a threat to national security.  ByteDance Gets Another Week to Sell Its TikTok US Business The US government has given ByteDance more time to secure new ownership of the US arm of TikTok. According to a report by Financial…

AZN Stock Slightly Down, AstraZeneca Vaccine Receives Criticism in US

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On Thursday AstraZeneca said it would undertake a new global vaccine trial using the lower-dose regimen.  AstraZeneca Plc (LON: AZN) stocks closed November 26, 17:08 GMT trading at 7,748.00 GBX, 0.67% down from the day’s open value. At the time of writing, the stock is trading at 7,729.00 GBX (-0.25%). AstraZeneca (AZN) and the University of Oxford have been developing a coronavirus vaccine candidate that has received a fair share of criticism over its efficacy. Although AstraZeneca stocks have added approximately 3.31% and 1.85% in the past one year and…

Blockchain Firm Jelurida Will Launch On-Chain Version of Bridge Game

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Lior Yaffe, co-founder and core developer at Jelurida, confirmed that this is only the first step of his company’s foray into blockchain-based gaming. Swiss-based blockchain development firm Jelurida has announced it is developing an on-chain version of the card strategy game Bridge. Dubbed Bridge Champ, the game aims to disrupt the existing online Bridge gaming space, which is stagnating in a state of duopoly. Jelurida, which operates the Ardor blockchain, plans to use the game as a jumping-off point for broader expansion into the casual gaming space.  Bridge is one…

Deutsche Bank Confident of 2021 Economic Recovery Despite Two Key Risks

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Deutsche Bank expects global GDP to return to pre-virus levels next year, it warns about challenges to economic recovery. Deutsche Bank, in a report titled “Hope on the Horizon” released on Wednesday, updated its global growth outlook for 2021 but warned that two challenges could impede global economic recovery from the market crash caused by the coronavirus pandemic. Hope for Economic Recovery The update was due to what the bank called “incredibly positive” news. This is in reference to the announcements made over the past few weeks by pharmaceutical companies…