Crypto news

PayPal’s entry into the cryptocurrency space will increase the adoption rate of cryptocurrencies

According to Cointelegraph’s July 1st news, foreign media recently said that payment giant PayPal will launch a cryptocurrency trading service. OKCoin Chief Operating Officer Jason Lau said that the digital assets on PayPal will further promote the adoption of encryption technology. Lau said: “When a traditional player like PayPal with 325 million users enters the …

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Retail investors and institutional investors are still accumulating cryptocurrencies such as Bitcoin

According to Cointelegraph’s article analysis on June 11, although many analysts believe that the third halving of Bitcoin failed to produce the strong gains expected by investors, there is still evidence that retail and institutional investors are still focused on accumulating Bitcoin and Other cryptocurrencies. Skew data shows that Bitcoin continues to maintain its leading …

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Strict compliance procedures did not cause significant damage to LocalBitcoins

According to Coindesk’s news on June 10, market data shows that the ban on cash transactions and the requirement for identity verification have not caused significant damage to the P2P crypto exchange LocalBitcoins. According to Nomics’ data, compared with the transaction volume announced 12 months ago, the transaction volume of OKEx and Coinbase decreased by …

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Director of FinCEN: Regulators are not enemies, encryption technology belongs to all of us

According to Cointelegraph, Kenneth Blanco, director of the Financial Crimes Enforcement Network (FinCEN), insisted in an interview that regulators are not enemies. Blanco lamented, “We are allowing a potentially useful technology to be hijacked.” He explained FinCEN ’s role in protecting encryption, “This technology belongs to all of us. Do n’t let a few people …

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Gemini and cryptocurrency pay service provider Bitwage cooperate to launch Bitcoin 401 (K) plan

According to Crypto Potato on May 27, Gemini and cryptocurrency pay service provider Bitwage cooperated to officially launch the Bitcoin 401 (K) plan to enable employees Bitcoin can be invested before and after tax. Bitwage CEO Jonathan Chester said that he has conducted 10 months of system testing on his employees at the company. Note: …

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Crypto lending service provider Genesis Capital issued $ 2 billion in loans in the first quarter

According to official news, cryptocurrency lending service provider Genesis Capital ’s first quarter operating report shows that the company issued a new $ 2 billion loan in the first quarter of 2020, compared with The $ 1 billion in the fourth quarter of 2019 has doubled. Before the “312” plunge, the company’s outstanding loan amount …

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After the crisis in 2020, bitcoin will usher in a strong rebound together with the housing market

According to Forbes May 25, although the medium-term trend in the real estate market is still bleak, a research paper published by the University of Granada and the Federal Reserve Bank of Chicago said Historical data from the late 1990s showed that after the financial crisis, housing prices tended to rise sharply. And if real …

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Encryption technologies such as Bitcoin will replace traditional banking when the basic conditions for capital users are mature

On May 25, cryptocurrency analyst Willy Woo tweeted complaints about the drawbacks of traditional payments and called on people to buy Bitcoin . He said that he encountered obstacles in dealing with the company’s business, such as the invoicing problem, PayPal required KYC, and the processing process was long; Willy Woo said the bank ’s …

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OKChain testnet completes major upgrades: pioneered the concept of “DEX operator” and built DEX at zero threshold

OKChain testnet completed major upgrade today and will release version 0.10 on May 25. This upgrade mainly innovates the OpenDEX design concept, making it possible for everyone to issue their own DEX based on OKChain. OKChain will provide all the network node users with all the core technologies required to operate a DEX, and at …

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Digital payment platform Uphold cooperates with Ripple startups to support content creators for digital currency payment

According to Cointelegraph May 20th, digital payment platform Uphold announced cooperation with Ripple startup Coil to support content creators on Coil platform to receive more than 50 kinds of content Payment in currencies (including fiat and digital currencies), and bank account payments in 34 countries. It is reported that the Coil platform uses digital currency …

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