Day: December 13, 2021

UK Intelligence Chief Raises Concerns About Use of Digital Renminbi to Control Global Transactions – Bitcoin News

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The chief of the Government Communications Headquarters (GCHQ), one of the big three intelligence agencies in the U.K., has raised concerns regarding China and its digital renminbi. Sir Jeremy Fleming stated that the already existent Chinese CBDC could be used to collect information from users and, hypothetically, to control and filter global transactions. UK Worried About Chinese CBDC Advancements The chief of the Government Communications Headquarters (GCHQ), one of the biggest intelligence agencies in the U.K., has warned of possible negative effects on global transactions related to the…

Robinhood partners with Chainalysis ahead of crypto wallet launch

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Blockchain analytics firm Chainalysis will be partnering with Robinhood to provide data and tools for trading in advance of the app launching its crypto wallet. In a Monday announcement, Chainalysis said the integrated partnership with Robinhood Crypto will help the trading app meet compliance requirements ahead of the launch of its crypto wallet, expected to roll out for all users in early 2022. According to Robinhood, the platform will adopt Chainalysis’ Know-Your-Transaction, the firm’s monitoring compliance solution, in addition to Chainalysis Reactor, its investigations software. The trading app also said…

Crypto Exchange AscendEX Confirms Hack

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AscendEX, formerly known as BitMax, has become the latest cryptocurrency exchange to fall victim to a hack, losing an estimated $77.7 million worth of cryptocurrencies. The Singapore-based exchange officially announced the hack on Sunday through its official Twitter handle. It confirmed unauthorized withdrawals from one of its four hot wallets but assured the safety of all the    cryptocurrencies  Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central…

Gamesta CEO Spencer Tarring Talks About GameFi, Metaverse and How the Guild Fits in the Grand Plan – Interview Bitcoin News

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Gamesta is the smart contract-based guild enabling investors to connect and empower thousands of underprivileged players throughout the world. Gamesta Guild believes the value of any game is created by the network of players playing it. Each player, regardless of their wealth or means, represents the same value in a digital game, investing their time and contributing to an ever-evolving metaverse. Now, through blockchain technology, game developers can finally reward the loyalty of those players. Spencer Tarring is the founder and CEO of Gamesta. He recently joined the Bitcoin.com News…

‘I think BTC is ready’ — 5 things to watch in Bitcoin this week

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Bitcoin (BTC) starts a new week on familiar ground below $50,000, but anticipation is building for major disruption to begin. After a fresh push above $50,000 ended in rejection, BTC/USD is keeping traders guessing till the last when it comes to near-term price action — including the end-of-year close. With just two weeks to go, the kind of blow-off tops that characterized both 2013 and 2017 seems unlikely to repeat, but on-chain metrics are all but unanimously pointing to upside. With 90% of the Bitcoin supply now officially mined, Cointelegraph…

‘I think BTC is ready’ — 5 things to watch in Bitcoin this week

Bitcoin (BTC) starts a new week on familiar ground below $50,000 but anticipation is building for major disruption to begin. After a fresh push above $50,000 ended in rejection, BTC/USD is keeping traders guessing till the last when it comes to near-term price action — including the end-of-year close. With just two weeks to go, the kind of blow-off tops which characterized both 2013 and 2017 seem unlikely to repeat, but on-chain metrics are all but unanimously pointing to upside. With 90% of the Bitcoin supply now officially mined, Cryptox…

How Can Blockchain Be More Secure?

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Blockchain technology is unarguably one of the most potent innovations in the past few decades. It has opened up a plethora of use cases in various industry verticals with the help of blockchain projects that brings exceptional utility for global users. However, a blockchain project requires several ingredients in the right proportions to be successful. One of the essential ingredients is funding, which is done using different crowdfunding processes. Like any other investment, crowdfunding also acts as a monetary vote of confidence from the investors for the project. However, crowdfunding…

Binance Singapore withdraws crypto license application

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Crypto exchange Binance has withdrawn its license application for pursuing digital payment token (DPT) services in Singapore. Starting today, Binance.sg has stopped onboarding new users and will not allow Singaporeans to deposit cryptocurrencies or fiat on the exchange. By Feb 13, 2022, Binance plans to “wind down” all services that relate to dealing with cryptocurrency tokens. However, the exchange announced to take no responsibility for the users’ assets after the self-determined deadline: “With immediate effect, users must start to make plans to withdraw their crypto and fiat from Binance.sg. Accounts…