‘Uptober’ builds strength as Bitcoin held on exchanges falls to 6-year low

Wednesday, Feb. 20 —  cryptocurrency markets are turning around for the green after trading sideways at the beginning of the day. Almost all top 20 coins are seeing minor gains, according to data from CoinMarketCap.Market visualization from Coin360Earlier today, Bitcoin (BTC) broke the $4,000 threshold, reaching the $4,010 mark. However, at press time the leading…

Japan’s Minister of Finance and deputy prime minister Taro Aso has urged reporters to stop using the term virtual currencies and switch to the newly-proposed legal name crypto assets.Aso — who also serves as the country’s Minister of State for Financial Services — made his remarks during a crypto-focused question and answer session at a…

The motivation driving Bitcoin SV (BSV) miners is non-economic in nature, according to a report released by major cryptocurrency exchange Binance on Dec. 18.Binance Research, the exchange’s research arm, has tried to estimate mining profitability for Bitcoin (BTC), Bitcoin Cash (BCH) and Bitcoin SV. Interestingly, the calculations included in the report suggest that BSV miners…

Verge has been hit by a huge blockchain reorganization, resulting in more than six months worth of transactions and balances vanishing. However, devs claim it can be fixed. 1328 Total views 12 Total shares Privacy-focused blockchain network Verge (XVG) has experienced a significant block reorganization, replacing transactions dating as far back as July 2020.Despite being…

USDC is now integrated into the banking systems of Brazil and Mexico, allowing businesses to use the USD-pegged stablecoin directly through local financial institutions.

The ACCC is using a countermeasures service from the U.K.-based Netcraft, which has been providing a similar service to the U.K.’s National Cyber Security Centre. 213 Total views 5 Total shares Cybersecurity specialists have welcomed a new trial by the Australian Competition and Consumer Commission (ACCC) to automatically take down scam websites. The trial saw dozens…

An Australian university blockchain hub has been linked to a right-wing think-tank, causing controversy among uni staff members. The RMIT Blockchain Innovation Hub’s association with influential right-wing think-tank The Institute of Public Affairs has been roundly criticised in a 1200-word news feature in Guardian Australia by other members of staff.The hub received $6 million from…

Bitcoin has zero correlation to stocks once more and critics were wrong to doubt its safe-haven status, says the Morgan Creek Digital co-founder. 1068 Total views 18 Total shares Bitcoin (BTC) “could not be more uncorrelated” with the stock market, Anthony Pompliano says as data shows that BTC is leaving macro assets behind.In a series…

South Korea's central bank has issue a book on legal matters that would need to be addressed to ensure the smooth operations and usefulness of a future central bank digital currency. 1693 Total views 14 Total shares Last fall, the Bank of Korea announced it would be testing the distribution of a central bank digital currency…