The Bank of Thailand (BOT) is ready to deploy its central bank digital currency (CBDC) to local corporations as part of the third phase of the project’s development.BOT Launches Third Phase of its Digital Currency ProjectThailand’s central bank has stepped into the third phase of development of its digital currency, according to The Nation Thailand, which cited BOT assistant governor Vachira Arromdee.BOT has started to use the digital currency for financial transactions with some big...
Read More »Breaking Down Twitter’s Hack: Blaming Bitcoin, Hidden Messages and Insiders
The news broke yesterday on the Twitter scam that targeted some of the biggest accounts in the cryptocurrency industry.It turns out that the crypto field was not the target, but Bitcoin was the preferred means of payment for the hackers. As CryptoPotato reported, multiple accounts were hacked with a message promising that if users sent BTC a particular address, they would get a 2:1 return.On-chain data analytics provider Crypto Quant has broken down some of the key findings so far, including...
Read More »Even Twitter Hack Can’t Move BTC Away From $9200, XTZ and LINK Surge (Price Watch)
Although Bitcoin received massive attention yesterday while hackers exploited almost every world leader’s Twitter accounts, the asset price refuses to move outside of its comfort zone of approximately $9,200. The altcoin market, though, remains volatile – Chainlink reached a new all-time high yesterday, Tezos next?Twitter Hack Can’t Shake BitcoinAll eyes were on the popular social media platform Twitter yesterday’s night UTC. An unknown to this moment, the hackers gained access to the most...
Read More »Samsung Galaxy Smartphones Will Now Come With a Stellar Addition
Stellar blockchain is now officially a part of the Samsung Blockchain Keystore. Stellar Development Foundation, a non-profit organization responsible for the cryptocurrency network’s growth and development announced today.It’s a Match for Stellar and SamsungIn a press release shared earlier, the Stellar Development Foundation (SDF) announced the integration of the Stellar blockchain network into the Samsung Blockchain Keystore.This will allow Samsung Galaxy smartphone users to securely store...
Read More »Breaking Scam Alert: Binance, Coinbase and Other Major Crypto Twitter Accounts Hacked
An ongoing scam is being promoted on Twitter through some of the biggest accounts of major cryptocurrency companies and proponents.These include the world’s leading exchange, Binance, the US-based exchange Coinbase, as well as the account of one of the best-known Bitcoin proponents, AngeloBTC, and even Winklevoss’ Gemini.Ongoing Crypto ScamIn the past few minutes, some of the most popular cryptocurrency Twitter accounts have been compromised.A message about a partnership with a company called...
Read More »$750 Million Worth of BTC is What Grayscale Bought in Q2 2020
The continuous rise of institutional interest towards the cryptocurrency industry is exemplified by Grayscale Investments’ record Q2 2020 earnings report. The large digital asset management company announced today that it had received total investments in Q2 of over $900 million – $400 million more than its previous record.Grayscale’s Best Quarter To dateThe company, primarily oriented towards institutional investors, published its Q2 2020 results earlier today. It indicates that Grayscale...
Read More »The Last Time This Indicator Was So Tight Was On Nov-18: Before Bitcoin Price Plunged To $3000
Bitcoin’s price has been trading in a very tight range for a while now. The cryptocurrency seems unable to break out in any directions, while in the meantime, altcoins are popping massively.This has led to a 3% decrease in Bitcoin’s dominance, which measures the share of BTC relative to the entire market capitalization.However, BTC’s Bollinger Bands, an indicator that measures the standard deviation from a moving average, are particularly squeezed. In fact, the last time this happened,...
Read More »Tencent-Backed Food Delivery Company to Test China’s CBDC
Bloomberg reports that the People’s Bank of China (PBC) intends to begin testing its central bank digital currency (CBDC) on several platforms operated by the food delivery giant backed by Tencent Holdings – Meituan Dianping.China’s CBDC On A Food Delivery PlatformCiting people familiar with the matter, Bloomberg informs that the large Chinese web-based shopping platform for locally found foods, consumer products, and retail services – Meituan Dianping – has been in contact with the PBC for a...
Read More »Bitcoin Now Racing On NASCAR: Top Driver Adopts The Logo
Darrel “Bubba” Wallace, who is the only African American to win one of NASCAR’s top three national touring series, is apparently going for victory carrying the Bitcoin logo on his car.The New Look Consists Of BTC and Cash App LogosIn a recent post, Twitter CEO Jack Dorsey brought the spotlights to the NASCAR driver, sharing a prototype of his car’s new paint job. It consists of at least two Bitcoin logos and labels of Square’s Cash App on his driver’s suit.#bitcoin @BubbaWallace...
Read More »BitMEX BTC Exchange With New Corporate Structure: 100X Group
BitMEX’s parent company, HDR Global Trading Limited, has established a new holding company structure – 100x. As BitMEX will fall under the new structure, the organization noted that it would enable the platform more freedom to develop new features and opportunities for clients.A New Structure Above BitMEXHDR Global Trading Limited is the company behind the popular Bitcoin margin trading exchange – BitMEX. HDR announced yesterday the creation of the new holding company structure 100x. This...
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