Russia Prohibits Government Officials From Owning Crypto, Must Dump Holdings by April – Regulation Bitcoin News

The Russian Ministry of Labor has reportedly banned government officials from owning and using cryptocurrencies. Officials have also been ordered to dispose of any cryptocurrencies they own by April. Russia Prohibits Government Officials From Holding or Using Cryptocurrencies The Ministry of Labor and Social Protection of the Russian Federation has issued a letter in which it informed civil servants that they must get rid of any cryptocurrencies they are holding by April 1, Forklog reported Friday. “Officials are obliged to dispose of digital financial assets issued in information systems organized…

JP Morgan Gives 3 Reasons to Add Bitcoin to Investment Portfolios – Markets and Prices Bitcoin News

JP Morgan has outlined three key reasons why investors should add bitcoin to their investment portfolios. Small allocations to cryptocurrencies would “improve portfolio efficiency due to high returns and moderate correlations,” JPMorgan’s analyst explained. JP Morgan Sees Benefits of Hedging With Bitcoin JPMorgan released a report last week entitled “What cryptocurrencies have and haven’t done for multi-asset portfolios.” Published by the firm’s head of Cross-Asset Strategy division, John Normand, the report explores cryptocurrencies’ use for portfolio diversification. Firstly, the report acknowledges that “Bitcoin has already achieved the fastest-ever price appreciation…

21 Bitcoin Block Rewards from 2010 Wake Up, $236M Worth of ‘Satoshi Era’ BTC Spent in 10 Months – Bitcoin News

On Monday, January 25, 2021, at roughly 2 a.m. (EST), the notorious old school miner from 2010 has spent another consecutive 21 decade-old block rewards with 1,050 bitcoin. This is possibly the same mining entity our newsdesk has been tracking for months. The bitcoin from 2010 moved today follows the exact same pattern as all the block reward strings our team has caught waking up during the last ten months. For quite some time now, news.Bitcoin.com has been monitoring so-called ‘sleeping bitcoins’ that are starting to wake up after ten…

UAE Will Now Have a Crypto Debit Card – Press release Bitcoin News

PRESS RELEASE. ZelaaPayAE, with a vision to build and improve the financial structure, introduces a Crypto Debit Card with the ability to be swiped not just in UAE but also globally. Partnering with Baanx, ZelaaPayAE is providing Mastercard enabled Debit Card featuring personalized cards with a low monthly fee and extreme accountability. What makes it stand out is the true ability to support a unique 5 multicurrency BIN which would enable you to spend in 8 currencies (USD, CNY, JPY, GBP, and others) with Mastercard Spot price i.e., Zero Forex…

DDoS Attackers Return With Massive Extortion Campaigns in the Wake of Bitcoin Prices Surging – Security Bitcoin News

Threat actors have been finding opportunities in bitcoin’s bullish trend to increase their extortion campaigns. Hackers are actively threatening companies with DDoS attacks unless they pay for bitcoin ransoms. Bull Run Prices Push Extortionists to Increase Bitcoin Ransom Demands According to an alert issued by security firm Radware, there have been several reports between December 2020 and the first week of January 2021 about DDoS extortionists. The firm claims the campaign is part of a global one that started in August last year. However, in the wake of the crypto…

Bitcoin News Roundup for Jan. 25, 2021

With bitcoin bouncing and ether hitting a new all-time high, CoinDesk’s Market’s Daily is back with the latest news roundup. Add Markets Daily to your Alexa Flash Briefing here. This episode is sponsored by Nexo.io. Today’s stories: First Mover: Bitcoin Flushes ‘Weak Hands’ as Ethereum Hits New All-Time High  Last week’s rout in bitcoin market looks like “weak hands” selling out because bidders appeared to materialize whenever prices fell to $30K. U.S. President Biden is unlikely to raise taxes anywhere close to covering his spending proposals (NYT) China overtook the U.S. as…

USDT Transactions on Tron Surpassed Ethereum Tether Transactions Every Day in 2021 – Altcoins Bitcoin News

During the last two months, tether transactions have spiked considerably. More recently, however, USDT transactions on the Tron network have outpaced the number of tether transfers on the Ethereum blockchain. Despite a whole lot more ERC20-based tethers in the wild, the minted stablecoin using the TRC20 standard has seen a much larger transaction count all year long. Tether (USDT) is a dominant stablecoin and it is used on a great number of exchanges as the token is paired with nearly every digital asset that has a market value. USDT commands…

E-Commerce Marketplace Powered by Cryptocurrency Launched – Press release Bitcoin News

PRESS RELEASE. CashPay brings ecommerce a step closer to Blockchain Technology through an open distributed ledger that records transactions between two parties in a decentralized manner that involves trust, faster transactions, no hidden costs, etc. With its launch in 2021, the CashPay platform is going to start with the initial implementation of $CPZ (token), closely followed by CPZ Beta. The company is also going to launch country-specific ecommerce websites and smartphone apps. CashPay is basically a “marketplace for Direct Customers”, a king of payment gateway solutions, which uses Utility Token…

Bank of Singapore Says Cryptocurrencies “Could Replace Gold as a Store of Value” but Unlikely to Displace Fiat Currencies – Economics Bitcoin News

A new research note released by the Bank of Singapore (BOS) suggests that cryptocurrencies are likely to replace gold as a store of value. However, the note says it is unlikely that such digital currencies can replace fiat currencies even as their appeal grows. Inefficient Unit of Exchange According to the research note, it is the volatility of cryptocurrencies that makes them “an inefficient unit of exchange.” This inefficiency, in turn, makes cryptocurrencies an unsuitable medium of exchange. Still, as one local outlet report explains, cryptocurrencies stand a better chance…

Crypto Exchange Giant Coinbase to Sell Shares Privately Ahead of Public Offering – Bitcoin News

According to a recent report, the San Francisco-based cryptocurrency exchange Coinbase is purportedly planning to sell stock on Nasdaq’s private market ahead of the initial public offering (IPO). Coinbase reportedly notified shareholders that they will receive information pertaining to the private sale this week. Reports Indicate That Coinbase May Sell Shares via the Nasdaq Private Market Ahead of the IPO Coinbase is the biggest digital currency exchange in the United States and one of the largest trading platforms worldwide. At the time of publication, between BTC and ETH deposits, Coinbase…