Venezuela bans crypto mining to protect power grid
This move follows a recent crackdown that involved confiscating 2,000 cryptocurrency mining devices as part of an anti-corruption initiative.
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‘Extreme Fear’ Grips Markets Despite Oversold Bitcoin Price Metrics
Compared to the trading action of earlier this week, Bitcoin’s (BTC) price was relatively muted on Saturday as the digital asset traded between $5,045 and $5,641. Although the digital asset dropped more than 50.8% on March 12, it has since regained 37.5% to trade at $5,200. Crypto market daily price chart. Source: Coin360Many in the crypto…

Diamonds Standard Co. uses precious gems to back payment network
Diamond Standard Co. has introduced a blockchain payments system that uses diamonds as backing collateral for transactions.

Speak Out: Discussing Your Experience in Crypto
41 MINUTES AGO How adventurous is your crypto experience? Got an interesting story to share? You are welcome here. Reply Sooner or later, we all have to deal with negative events in our lives, and crypto is not an exception. Everyone has made a bad trade, lost private keys to their wallet or hodled too…

Prometheum labels UNI, ARB securities in custody expansion
Prometheum is the only SEC-registered crypto custody provider and already treats ETH as a security.

Ex-Employees Sue Tron’s Justin Sun for $15M Over Alleged Harassment
Two former employees at BitTorrent, the peer-to-peer torrent client acquired by Tron in 2018, have sued Tron founder and CEO Justin Sun for alleged labor violations and harassment.Unsealed court documents filed in California on Oct. 28 reveal that plaintiffs Lukasz Juraszek, 28, and Richard Hall, 50, are seeking $15 million in damages against Rainberry Inc.…

Public interest in central bank digital currencies surpasses Bitcoin in 2020
The 2020 pandemic could accelerate global efforts to issue CBDCs, say BIS analysts. A new report from the Bank for International Settlements (BIS) shows that 2020 is the year that momentum behind central bank digital currencies (CBDCs) has truly taken off.Published on Aug. 24, BIS’ new working paper analyzes the global state of CBDC research…

Democratizing trading: After GameStop, does more need to be done?
Democratizing finance has been a dominant theme in recent years — with companies vying to create a level playing field and give amateur investors the same opportunities that hedge funds and institutional investors enjoy.There have been some successes along the way. Purchasing stocks is a lot easier now than it was a few years ago.…

BlackRock applies for spot Bitcoin ETF — a US first if approved
The investment firm joins a long line of applicants; ARK is among those still waiting to hear from the SEC and Grayscale has appealed its rejection. 562 Total views 4 Total shares BlackRock has filed an application for a Bitcoin spot exchange traded fund (ETF). The investment company is the world’s largest and it would be…