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721

Crypto Exchanges / Hong Kong Regulator Gives Crypto Exchange OSL Tentative Licensure Approval

« on: August 22, 2020, 08:38:27 AM »

Hong Kong may soon have its first fully licensed cryptocurrency exchange: OSL Digital Securities, which on Friday received a landmark approval-in-principal from the Securities and Futures Commission (SFC).

Preliminary approval pushes OSL, a subsidiary of Fidelity-backed BC Group, closer to becoming one of the first exchanges licensed to offer automated digital asset trading services under the virtual asset regime SFC unveiled last November.
Info link: https://www.coindesk.com/osl-crypto-hong-kong-license

722

Bitcoin News & Updates / Bitcoin Has Lost Its Way: Here’s How to Return to Crypto’s Subversive Roots

« on: August 22, 2020, 08:08:25 AM »

Rachel-Rose O’Leary is a cryptocurrency writer and trainee C++ developer at PolyTech. Currently a contributor to CoinDesk and the Defiant newsletter, she has written about cryptocurrency since 2015. She holds an MA in digital art and philosophy.

These days I spend most of my time tweaking the code of a bitcoin wallet that runs in Terminal. Based on Libbitcoin, it’s built to work over Nym Technologies’ anonymizing mixnet. I call it the Dark Renaissance wallet.
Info Link: https://www.coindesk.com/bitcoin-lost-way-subversive-roots

723

Ethereum News & Updates / Tron Loses 23% of Its $4.3B USDT Reserves to DeFi Hotbed Ethereum

« on: August 22, 2020, 08:03:26 AM »

Stablecoin issuer Tether shifted 1 billion in USDT from the Tron blockchain to the Ethereum blockchain in an early morning chain swap Thursday.

Swapped in conjunction "with a 3rd party," according to a Tether tweet, the token transfer drains 23% of TRON's USDT reserves, which previously stocked $4.3 billion in the stablecoin.
It also pumps up Ethereum's reserves, where well over half of the nearly $13 billion circulating USDT already reside. Ethereum is a hotbed for decentralized finance projects and as such a popular spot for USDT.
Info Link: https://www.coindesk.com/tron-tether-reserves-ethereum

724

Bitcoin News & Updates / Wacky Bitcoin-to-DeFi Crypto Markets Might Be New Home of Capitalism

« on: August 22, 2020, 08:00:12 AM »

Bitcoin was slightly lower early Friday, leaving the cryptocurrency on track for its first weekly price decline since mid-July.

The largest cryptocurrency broke above $12,000 earlier in the week and failed to hold the gains, though John Willock, CEO of crypto asset manager Tritum, told CoinDesk Thursday that “maybe we’ve got $13,500 in the next phase up in the coming days.”
Info Link: https://www.coindesk.com/first-mover-bitcoin-defi-crypto-markets-capitalism

725

Bitcoin News & Updates / Swiss Crypto Firms Say First Automated, AML-Compliant Bitcoin Transfer Completed

« on: August 22, 2020, 07:46:07 AM »

Three Swiss crypto companies say they’ve successfully completed the first automated Bitcoin transaction that meets anti-money laundering (AML) standards.

Geneva's Mt Pelerin and Zug-based Crypto Finance AG and 21 Analytics announced Friday that 21 CHF worth of bitcoin (~$23) had been sent in a live demonstration of a new transaction that automatically complied with the AML requirements set by the Financial Action Task Force (FATF) and Swiss markets regulators.
Info link: https://www.coindesk.com/crypto-companies-fatf-bitcoin-transaction

726

Bitcoin News & Updates / Bitcoin Options Open Interest Nears All Time High – But Rise in Puts Could Presa

« on: August 22, 2020, 07:37:45 AM »

While open positions in bitcoin (BTC) options have risen to near record-high levels, it’s not necessarily a good thing for those hoping for the rally in the cryptocurrency to continue.

The total number of outstanding BTC options contracts – or open interest (OI) – increased to $2.10 billion Thursday – just shy of the all-time high of $2.11 billion in late July, per data from Skew.
Information Link: https://www.coindesk.com/bitcoin-options-open-interest-nears-all-time-high-but-rise-in-puts-could-presage-drop

727

Bitcoin News & Updates / Bitcoin in Cuba: A Local YouTube Influencer Explains How It Works

« on: August 22, 2020, 05:13:21 AM »

It’s hard to participate in the influencer economy from Cuba, but YouTuber Erich García Cruz is making it work.

“We do not have access to Visa cards or Mastercard products because of the [U.S. trade] embargo,” Cruz explained. “We are monetized through YouTube.”

Bitcoin is one of many tools he uses to turn those dollar earnings, in foreign bank accounts, into rent and grocery money in Cuba. Most of the freelancers around the world using bitcoin as borderless money appear to be programmers or other types of technical workers. However, Cruz is among the slowly growing number of content creators relying on bitcoin as well.
Information Link: https://www.coindesk.com/bitcoin-cuba-youtube-influencer

728

Bitcoin News & Updates / Bitcoin Dips to $11.6K, ETH Options Predict Price Below $400 by End of Year

« on: August 22, 2020, 04:11:46 AM »

Bitcoin traders are hitting the sell button Friday while the ether options market loads up on lower prices. After holding around $11,800 Thursday into Friday, bitcoin started to slide downward around 08:00 UTC (4 a.m. ET), dropping to a 24-hour low of $11,605. Spot volumes were lower to cap off the workweek. It was $138 million on major spot USD/BTC exchange Coinbase, lower than its $179 million average over the past month.
Information link: https://www.coindesk.com/market-wrap-bitcoin-eth-options

729

Bitcoin News & Updates / There are many seniors here who will help me.

« on: August 22, 2020, 04:05:37 AM »

Looking here, many are posting news. So I want to post news. Seniors want help. I hope everyone will forgive my mistakes.