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October, 2021

  • 20 October

    Huobi Japan receives license to offer crypto derivative services

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    Huobi Japan has received the green light from the local Financial Market Services Agency to offer crypto exchange services. In an official statement released on Thursday, the firm confirmed that it now has the authorization “to engage in the trading, underwriting, and management of cryptocurrency derivatives, as well as operate …

  • 19 October

    Bitcoin Whales are going extinct – Report

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    Despite the recent uptrend, bitcoin whales appear to be declining. Citing data from Glassnode,  prominent crypto-journalist Colin Wu reported that the number of investors who hodls 10,000 bitcoins or more has declined to a record low of 82. According to Glassnode, the number of addresses with current holdings of ≥ …

  • 18 October

    Famous crypto analyst say Bitcoin bears are barely hanging on

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    Bitcoin bulls have done quite well this month, fighting off the bears to climb above the $60,000 mark. The recent uptrend ensured a spike in bitcoin’s price, trading volume, and market cap. Multiple indicators suggest that we could see the world’s largest digital currency by market cap retest and even …

  • 16 October

    Jack Dorsey’s Square wants to build bitcoin mining system

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    CEO of Square Inc Jack Dorsey said the company might build an open-source bitcoin mining system. In a tweet on Friday, Dorsey informed his followers that the American financial services digital payment firm is contemplating a “bitcoin mining system based on custom silicon and open source for individuals and businesses …

  • 15 October

    Mexico’s President shun crypto adoption talks

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    The crypto adoption wave moving through the South and Latin American region will not be entertained in Mexico. At a press briefing held on Thursday, Mexican President Andrés Manuel López Obrador confirmed that the country does not plan to introduce bitcoin or any other digital currency as a legal tender. …

  • 15 October

    Coinbase seeks special watchdog to supervise US Crypto space

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    American cryptocurrency exchange Coinbase has charged the US government to establish a new regulatory body to govern the country’s cryptocurrency industry. In its Digital Asset Policy Proposal published today, Coinbase says it hopes the document will spark “an open discussion” between itself and other relevant stakeholders regarding crypto’s role in …

  • 15 October

    Heavyweight bitcoin mining pool ban traffic from Mainland China

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    In response to China’s stiff stand against cryptocurrency and related activities, the world’s largest bitcoin mining pool by hash rate, Antpool, has blocked internet traffic from mainland China to its platform. Antpool says it has no intent to “establish an operating entity” in China after its spin-off from Bitman earlier …

  • 13 October

    US becomes top Bitcoin Mining hub following China’s crackdown

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    The US accounted for 34.5% of the global bitcoin mining hash rate at the end of August. That's more than a hundred percent increase from the 18.6% recorded at the end of April.

  • 11 October

    South Korean opposition party wants to suspend Crypto Tax law

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    The lawmakers are attempting to delay the implementation of a contentious tax on income from cryptocurrency investments, which is set to begin on January 1, 2022.

  • 11 October

    Proceeds from Bitcoin will help El Salvador build Pet Hospital

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    El Salvador is already reaping the fruits of its adventure into the cryptocurrency world.  According to the country’s president Nayib Bukele, Bitcoin will help El Salvador raise money to fund a Pet Hospital project. It’s barely two months since Bitcoin was approved as a legal tender in El Salvador, and …