Crypto Markets News 

Bitcoin Recovers Above $8K After 18th Million Bitcoin Was Mined

“The biggest cryptocurrency is trading at $8,041, up 1.2% over the past 24 hours, according to Coin360” writes Helen Partz for cointelegraph.com. However, Bitcoin is still in red over the past week as its price is down 3.4% over the past seven days.Saturday, Oct. 19 — crypto markets are seeing a slight recovery after another downward movement as Bitcoin (BTC) is back to trading above $8,000.After trading below $8,000 threshold for most of the day, Bitcoin has seen a sharp recovery to climb above the mark at publishing time. Source: cointelegraph.com

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Crypto Markets News 

Bitcoin Moves Above the $8,100 Mark Again

“We believe the current bitcoin price action is technical in nature” writes Nick Marinoff for livebitcoinnews.com. He explains: Bitcoin has been in a consolidation pattern around $8,000 since late September when price broke key support at $9,500.At press time, bitcoin – the number one cryptocurrency by market cap – is back above the $8,000 mark following a nasty scare yesterday that saw it fall into the $7,000 range once again.Many analysts immediately took to social media and other platforms to explain the reasoning behind bitcoin’s sudden, if short-lived, demise.With volumes…

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Crypto News 

JPMorgan and Goldman Sachs reportedly rejected any involvement in Facebook’s Libra cryptocurrency …

“In July, Facebook cryptocurrency chief and former Paypal president David Marcus was questioned about the project by the Senate Committee on Banking, Housing, and Urban Affairs” writes Mary Meisenzahl for businessinsider.com. Lawmakers have had concerns about Facebook moving into the cryptocurrency world, especially after privacy snafus like the Cambridge Analytica scandal.JPMorgan Chase and Goldman Sachs declined Facebook’s invitation to join Libra because of worries that cryptocurrency could be used to violate money laundering and sanctions laws, AnnaMaria Andriotis, Peter Rudegair, and Liz Hoffman at The Wall Street Journal reported. Source: businessinsider.com

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Crypto News 

Aliant to Pay Part of Employees’ Compensation Packages in Bitcoin

“United States merchant services provider and payment processing firm Aliant Payments will be paying each of its employees part of their compensation package in cryptocurrency” writes Marie Huillet for cointelegraph.com. Meanwhile, workplace initiatives to drive crypto adoption among employees include the recent move by Big Four audit firm Deloitte to enable staff to pay for canteen purchases using a mobile Bitcoin wallet.In a press release on Oct. 16, Aliant said that the offer reflected a desire that employees become invested customers in the shift to digital currency.Aliant launched its crypto…

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Crypto News 

DOJ makes arrests in global child pornography website bust

“A forfeiture complaint against 24 cryptocurrency accounts used in connection to the child porn website was also unsealed Wednesday” reports washingtonexaminer.com. Welcome To Video was among the first where users could buy child exploitation videos using the virtual cryptocurrency bitcoin, authorities said.The founder of the world’s largest online child pornography website, which utilized the darknet and cryptocurrency in its criminal operations, has been arrested, the Justice Department announced Wednesday.The South Korean was arrested along with 337 website users in the United States and globally by a joint operation including U.S.,…

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Crypto News 

Facebook’s libra coin a catalyst for reform, Swedish central bank chief says

“Facebook’s proposed cryptocurrency libra has served as an incentive for global central banks to reform and reflect the digital age, the head of Sweden’s central bank has said” writes Ryan Browne for cnbc.com. Other central banks have ramped up their efforts in the digital currency space since Facebook announced plans for its libra coin back in June. China’s central bank for instance has said it is close to launching its own digital currency, while the Swiss National Bank last week said it was exploring the use of virtual currencies in…

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Crypto News 

Crypto Wallet Teams Up With Coinbase Custody to Ensure Cybersecurity

“The company reports that Coinbase Custody was developed with the intention to address the unique challenges of storing crypto assets” writes Viktoria Moore for cointelegraph.com. As Swipe reports, the digital assets stored with Coinbase Custody will be segregated and held in a trust.However, such an approach to the protection of users’ digital assets harbors certain risks.Moreover, Swipe intends to offer Swipe Credit Cards and real-time cryptocurrency credit lines in its crypto wallet. Source: cointelegraph.com

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Crypto News 

Nasdaq Lists AI-Powered Crypto Index for Top 100 Coins

“The world’s second-largest stock exchange, Nasdaq, has listed the AI-powered CIX100 index created by crypto data provider CryptoCompare” writes Marie Huillet for cointelegraph.com. Cryptocompare has also partnered with major crypto derivatives platform BitMEX to jointly construct a real-time crypto futures dataset, which will be delivered to financial markets data provider Refinitiv. This summer, Sina Finance —  a finance-focused website owned by China’s major tech company Sina Corp — included a crypto index into its mobile app, without making a formal public announcement on the addition.In February 2019, Nasdaq started listing…

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Crypto News Stocks 

Physically-Backed Binance Coin ETP Launches on Swiss Stock Exchange

“Cryptocurrency exchange Binance has launched a dedicated exchange-traded product (ETP) for Binance Coin (BNB) on a Swiss Stock Exchange” writes William Suberg for cointelegraph.com. Earlier this month, Amun partnered with Bitcoin Suisse to launch an ETP based on the two largest cryptocurrencies, Bitcoin (BTC) and Ether (ETH).The investment tool, which features physically-backed contracts, is a first for BNB, which is Binance’s in-house cryptocurrency token. Source: cointelegraph.com

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Crypto News 

Wales to Develop Local Cryptocurrency to Underpin Mutual Credit System

“Wales plans to test and subsequently launch its own cryptocurrency to boost the local Small and Medium Enterprises (SME) economy” writes Adrian Zmudzinski for cointelegraph.com. The idea behind the project is based on the Sardex: a mutual credit system implemented on the Italian island and region of Sardinia.Williams also explains that just like Sardinia, the vast majority of the economy of Wales is fueled by SMEs, so the idea can boost the Welsh economy as well.The funding will cover both a consultation and a pilot program in North Wales. Source: cointelegraph.com

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