Has Binance Coin paved for itself a profitable position?

While Binance is slowing becoming one of the most important names in the cryptocurrency industry, its native token, Binance Coin, is also gaining a lot of traction and interest this year.

Bitstamp appoints Gemini's former managing director as new CEO

One of the oldest crypto exchanges, Bitstamp today announced that it has appointed Julian Sawyer as the firm’s new CEO, who was Gemini crypto exchange’s Managing Director for Europe.

Philippines Central Bank Governor: No Digital Peso Before 2023

The central bank won’t pursue a CBDC for the duration of Governor Benjamin Diokno's term, which ends in 2023.

‘The cryptoruble is the future’ says Russian policymaker

The parliament member claimed that there are no anti-blockchain voices in the Russian government Anatoly Aksakov, the head of the Russian parliament’s Financial Markets committee, had some good news for blockchain fans in Russia.

Bitcoin officially flippens PayPal

The asset has overtaken the network’s market cap following an announcement that PayPal intends to integrate crypto.

Bitcoin now has a 7% chance of beating $20K highs in the next 2 months

Bitcoin odds are "repricing quickly," says Skew as one analyst highlights the current price pump's "organic" nature. Bitcoin (BTC) has a 7% probability of beating its $20,000 all-time highs by the end of this year, data shows. According to data from on-chain analytics resource Skew, as of Oct.

Polkadot [DOT] long-term Price Analysis: 22 October

Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice With the DeFi craze dying, DeFi coins seem to be really calm.

Ripple CEO Brad Garlinghouse Says Japan or Singapore Could be Firm's New Home

Ripple CEO Brad Garlinghouse said that his company has earmarked Singapore and Japan as the most crypto-friendly countries where Ripple Labs could relocate.

EY-Led Consortium Submits Bid To Help Develop South Korea's CBDC

A consortium led by Ernst and Young has made the first and only bid to construct the business model for the Bank of Korea’s Central Bank Digital Currency project.

Justin Sun Goes For Another Deal, Bitstamp Gets New CEO + More News

Justin Sun. Source: a video screenshot, Youtube, Tron Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. M&A news Justin Sun's BitTorrent Inc. sai

Lossless Lottery PoolTogether Opens Up to More Coins, More Prizes

PoolTogether v3 will enable more ERC-20 tokens, more yield sources and more prize distribution schemes for the DeFi savings game.

Three Trends Killing Web Privacy and Decentralization

The decentralized design of the web gives it the potential to be more privacy-preserving than any other system.

StormX Unveils New $1,000 Rewards Program

The popular crypto cashback platform, StormX is now offering users up to $1,000 in rewards for each new person they invite to the platform in its newly introduced referral program.

Exchange Inflows from Bitcoin Whales Spike as Analysts Expect Selloff

Bitcoin has been expressing tremendous strength throughout the past few days, with its price seeing an unrelenting uptrend that has allowed it to surmount multiple strong resistance levels and flip them into support.

Chainlink brings Verifiable Randomness to Ethereum mainnet, keeps other chains in sight

Sergey Nazarov: there is a demand for Chainlink VRF from other chains like Matic. Chainlink’s verifiable randomness function, or VRF, has made its way to the Ethereum (ETH) main net. VRF will provide a decentralized source of randomness for the project's decentralized ecosystem.  A trusted source of randomness is essential for many applications, such as those in the gambling and gaming industries.

PoolTogether Revamps Ethereum ‘No-Loss’ Lottery, Ups Payouts

Version 3 of the "no-loss" lottery protocol will allow people to build their own lottery games—and change the rules.

LeverageConf: The World’s 1st Dedicated Online Crypto Trading Event

Calling All Crypto Traders! In less than a month from now, Crypto Rebel will be hosting its annual Leverage Conference - a tailored-made event made by crypto traders for crypto traders. The trad The post LeverageConf: The World’s 1st Dedicated Online Crypto Trading Event appeared first on AMBCrypto.

Bitcoin short-term Price Analysis: 22 October

It is turning out to be an extremely bullish week for Bitcoin, with the crypto-asset recording 6 consecutive days of green candles.

Start your cryptocurrency journey with Unstoppable multi-currency Wallet

The quest to find an easy to use, private, and yet secure wallet led me to try many different wallet types.

XRP, Basic Attention Token, DASH Price Analysis: 22 October

With Bitcoin finally breaching the $13,000-mark once again, most altcoins, at the time of writing, were on a one-way ticket north.

Hong Kong Blockchain Week 2020: Setting DeFi and Blockchain Trends for 2021

November 17th to 19th 2020, speakers and participants will assess the economic and technological rollercoaster of the year 2020 and will discuss whether DeFi will change the game for fintech. 20 Oc The post Hong Kong Blockchain Week 2020: Setting DeFi and Blockchain Trends for 2021 appeared first on AMBCrypto.

Digital ruble, the future of Russian money circulation: Russian govt official

An official from the Russian Central Bank’s National Banking Council, Anatoly Aksakov said that Russia’s CBDC, the digital ruble, would be the “future” of all money circulation in the country, The post Digital ruble, the future of Russian money circulation: Russian govt official appeared first on AMBCrypto.

Philippines Central Bank To Research Further Before Launching its CBDC

Philippines Central Bank governor Benjamin Diokno has recommended further research with respect to the proposed Digital Peso, central bank digital currency.

Justin Sun’s BitTorrent to Acquire Esports Platform for New Streaming Ecosystem

BitTorrent is evolving into an ecosystem of decentralized storage, data protocols and content distribution, the firm says.

XRP Bulls Step in With a 5% Daily Increase, Is $0.30 Next? (Ripple Price Analysis)

XRP witnessed a 4.8% price increase today, which allowed the coin to rise to the $0.262 level and finally break above a symmetrical triangle pattern.

BitTorrent Launches BitTorrent X Ecosystem Following DLive Acquisition

BitTorrent Inc., the firm behind the massively popular BitTorrent protocol and app, has announced its acquisition of blockchain-powered live streaming platform DLive.

Streamity: Leveraging Binance Smart Chain to Provide Myriad of Services

[Featured content] DeFi has no doubt exploded in 2020 as the industry saw unprecedented growth all the way from March.

Bitcoin’s brief trip to $13.2K suggests profit-taking price correction

Analysts expect a profit-taking pullback in the Bitcoin market after BTC hits $13,000 upon the PayPal news.

XRP, XRPL will be 'bridge' between CBDCs, says Ripple exec

David Schwartz, CTO at Ripple, recently delivered a lecture at Berkeley, a lecture during which he shared his views on how he sees XRP and XRPL fitting into the broader picture of a world with CBDCs.

Tezos, Algorand, Enjin Price Analysis: 22 October

Bitcoin’s bullish dominance over the crypto-market was once again visible at press time, with each of the world's top-10 cryptocurrencies recording appreciable returns over the last 24 hours.

Bitfinex to List Human Protocol’s HUMAN Token

Bitfinex announced today listing of HUMAN Token (HMT) which serves as the medium of exchange which will be used to power the decentralized labor markets built on the HUMAN Protocol. Deposits for HMT The post Bitfinex to List Human Protocol’s HUMAN Token appeared first on AMBCrypto.

Bitcoin and Altcoins Surging, Ethereum Jumps Above USD 400

Bitcoin price corrected from the USD 13,250 zone, but it remained well bid above the USD 12,650 level.

Ethereum Blockchain Transactions Reach Double that of Bitcoin

The Ethereum (ETH) network has managed to surpass Bitcoin (BTC) in one more way as ETH now transacting twice as much as BTC, according to crypto research and analytics firm, Messari. The Ethereum blockchain has recently overtaken Bitcoin in daily transaction volumes by a factor of two-to-one, their latest data showed.

Hedge Fund Billionaire Tudor Jones Says Bitcoin Rally Only in ‘First Inning’: Report

Jones said he has been surprised by the "intellectual capital" behind bitcoin.

DOJ’s Crypto Framework Is ‘a Complete Disaster’ for Digital Privacy Rights

The US Department of Justice's enforcement framework may pose a serious threat to the digital privacy rights of crypto users.

Bitcoin Deviates Further Away from Dow, S&P 500 as Price Hits $13K

Bitcoin has wholly sidelined its widely-covered correlation with the US stock market.

I Like Bitcoin Even More, It’s The Best Inflation Trade: Billionaire Investor Paul Tudor Jones

Five months after he purchased Bitcoin because of the asset's hedge merits, Paul Tudor Jones said he likes BTC even more now.

Siemens-backed blockchain energy platform showcases in Germany

The German state-funded energy project uses DLT to enable transparent market transactions. A blockchain-based energy trading platform backed by German tech giant Siemens is being publicly demonstrated in a Bavarian municipality today. The so-called “Pebbles” project — short for “peer-to-peer energy trading based on blockchains” — is holding a virtual demo of its blockchain-based marketplace platform for optimized electricity trading.

Paul Tudor Jones says Bitcoin is 'like investing early in Apple or Google'

It scores highly among the possible options to counteract inflation. Famed Wall Street investor and billionaire Paul Tudor Jones said that he likes Bitcoin "even more than I did then,” referring to his initial investment announced in May 2020. Jones praised Bitcoin on CNBC’s Squawk Box morning show, revealing that he holds a “small single-digit investment” in the asset. His investment thesis remains unchanged — Bitcoin is an excellent hedge against inflation, which is expected to ramp up in the next few years due to central bank intervention.

Bitfinex brings tokenized BTC, ETH, LTC cross-chain via pNetwork integration

Owner of the Bitfinex crypto exchange, iFinex announced today integration with cross-chain system pNetwork (pTokens network) which would enable BTC, ETH and LTC to automatically be tokenized, and move The post Bitfinex brings tokenized BTC, ETH, LTC cross-chain via pNetwork integration appeared first on AMBCrypto.

First Mover: The FOMO Takes Over as PayPal Play Sparks Bitcoin Rally to $13K

The latest rally leaves bitcoin up 80% year to date, an enviable performance that's bound to inspire the fear of missing out among some investors.

New Crypto Asset on R3 Corda Is ‘Next-Generation Bitcoin or XRP’, Says Cordite CEO

The chief executive of Cordite Society Limited, a UK-registered cooperative made up of former bankers, is touting a new token designed to correct potential shortcomings of early-generation cryptocurrencies.

CZ: The Pandemic Situation Has Benefited the Crypto Industry

Despite the “Black Thursday” crash in March this year, Binance CEO Changpeng Zhao (CZ) said the panic situation has been good for crypto, especially in terms of segment growth.

Ethereum Gains 6% Intraday, Sets Sights For 2020 Higher High

Bitcoin shocked the finance world yesterday rocketing more than $1,000 to over $13,000 per BTC at the high.

Bitcoin Price Paints A Fresh All-Time High Against Two National Currencies

Bitcoin's most recent price increases have resulted in new all-time highs against two national currencies - the Brazilian Real and the Turkish Lira.

Gemini exec to join Bitstamp crypto exchange as new CEO

Bitstamp is replacing its CEO for the first time since the company’s establishment. Bitstamp, one of the world’s oldest and largest cryptocurrency exchanges, is replacing its CEO for the first time. Nejc Kodrič, the firm’s CEO who co-founded Bitstamp back in 2011, is stepping down from his position.

DLT security standards may turn legacy industries into blockchain innovators

Member-led working groups are helping define security standards for tokenized use cases. Tokenization has given rise to the “Internet of Value,” an era in which financial assets — or any assets with underlying value — can be easily transferred peer-to-peer over the internet.

Binance Coin long-term Price Analysis: 22 October

Binance Coin's price on the charts has been on a steady uptrend for a few months now.

Bitcoin rallies above $13K for the second time today

Bitcoin rallied above $13,000 for the second time in a 12-hour window, indicating that the upward price momentum seen earlier may still be going. The price was at $12,967 at the time of writing, ha The post Bitcoin rallies above $13K for the second time today appeared first on AMBCrypto.

No Anti-Blockchain Voices in Russian Government, Says Policy Chief

The head of the Russian parliament’s financial markets committee Anatoly Aksakov said there are “no anti-blockchain voices in the government,” major industry players remain crypto-keen – and believes that a “cryptoruble” pilot will begin next year. Per media outlet RBC, Aksakov – the chief architect of Moscow’s crypto and blockchain policy and legislation

Back at $13K: Bitcoin Unfazed by Profit Takers After Rise to 2020 High

The bitcoin market looks to be shrugging off increased selling pressure from profit takers after prices surged this week.

After $1,200 Surge, Bitcoin Faces Down a Pivotal Resistance Level

Bitcoin has seen an absurd bout of price action over the past few days.

Philippines' central bank isn’t ready to pull the trigger on a CBDC

The central bank wants to learn from private-sector digital currencies — but still believes they are inferior to central bank money. Philippine central bank governor Benjamin Diokno has announced that the institution's "exploratory" study of central bank digital currency study suggests that much more work is needed to make a digital peso a reality. During the summer, Bangko Sentral ng Pilipinas had confirmed it was investigating the feasibility and potential policy implications of issuing its own CBDC, or digital counterpart to the physical peso. In a press briefing, Diokno reportedly rejected the possibility that a CBDC could be issued any time in the near future.

Finance Redefined: Is DeFi really a threat to centralized finance? Oct. 14-21

If you look at its governance, definitely not. No major euphoria-worthy moments happened this week — the ecosystem is still cooling off.  I think the biggest sign of that is Uniswap’s trading volume.

Yearn Finance doppelganger scam tries to trick visitors out of their keys

Scam websites posing as famous crypto projects ask for private keys so they can steal users' funds. Decentralized finance yield farming platform Yearn Finance has a doppelganger that is tricking visitors into sharing the private keys of their cryptocurrency wallets. The scam website of Yearn Finance perfectly copies almost every aspect of the original yearn.finance website down to its design, website copy and even domain name.

Bitcoin top signal from 2017 reappears, but here's why it may not matter this time

The price of Bitcoin rose to $20,000 in 2017 and crashed.

Police in Latvia Thwart Brutal Crypto Theft and Murder Plot

Police in Latvia said they have intercepted a gruesome kidnap and murder attempt on two people, at least once of whom has significant cryptoasset holdings – and torture at least one victim into revealing their private keys and other details. Per an official release from the Latvian police service, the would-be attacker, a male resident of the capital Riga who was

Goldman Sachs to Settle Massive Corruption Case for $2.8 Billion With US Government

Goldman Sachs has reportedly agreed to settle with the US government over its role in a corrupt Malaysian government investment fund, which is one of the firm’s worst scandals since the financial crisis.

PayPal might issue its own cryptocurrency soon, says CoinShares exec

The CSO of CoinShares thinks that a payments-focused PayPal token could be forthcoming. Global digital payment giant PayPal might be moving into issuing its own cryptocurrency after officially entering the crypto industry, according to a major industry exec. Meltem Demirors, CSO at digital asset management firm CoinShares, says that she will not be surprised if PayPal issues its own token after the company broke the news of its soon-to-come support for crypto.. In an Oct.

Ethereum’s Price to Move Higher to Follow Bitcoin’s Bullish Uptrend as Support Levels Secured

Ethereum’s price has not been performing as well as Bitcoin’s price recently, as BTC has seen strong rallies in the past 48 hours.

Ripple Has Three Favorite Countries In Case it Leaves US

California-based liquidity provider Ripple is considering leaving the US, and some of the potential destinations to which the company could move include countries in Asia and Europe.

Raiffeisen Bank Bringing Blockchain Interoperability to Its Stablecoin Project

Raiffeisen's stablecoin project is becoming blockchain-agnostic, adding interoperability tech from Bitpanda and the ​Technical University of Vienna.

Last Chance to Get Staked $750+ Million HEX Payout November 19th, 2020

HEX.COM – The First High Interest Blockchain Certificate of Deposit – has outperformed every asset in 2020.

HODLers: Most Crypto Investors Hold Majority In Bitcoin Over Altcoins, Survey Finds

An interesting survey revealed that the majority of crypto investors have most of their holdings stored in Bitcoin, rather than altcoins.

BTC Price Analysis: After Breaking 2020 High, Is Bitcoin Eyeing $14K?

Bitcoin price has managed to avoid all 3 unfilled CME gaps this week and go on to break the $13,235 level for the first time since July 10, 2019 – 469 days ago.

China’s Ant Group releases digital copyright platform on AntChain

The platform is just the latest product in the fintech’s long-evolving blockchain solutions. Chinese fintech Ant Group — which is now poised to launch what could be the world’s largest initial public offering — has announced a new platform via its blockchain business.  Ant Group spun out from e-commerce giant Alibaba and is the parent company of China’s largest digital payments service Alipay.  Ant Group’s blockchain business, AntChain, has today rolled out a new digital copyright services platform.

VectraCoin – An asset with high anonymity and fast transactions!

The crypto industry is evolving rapidly.

Bitcoin Cash, NEM, Decred Price Analysis: 22 October

Proving to be one of the market's top-performing digital assets on the charts, Bitcoin Cash was quick to add over 6% to its value in lieu of the prevailing bull market.

DeFi Reaches $12 Billion in Total Value Locked as Ethereum Transacts 2X More Than Bitcoin Daily

The growth of the DeFi industry has led to an explosive increase in popularity in Ethereum-compatible stablecoins.

Standard Chartered Research Head Sees Depreciating US Dollar as Perfect Storm for Emerging Assets

The United States dollar is facing significant depreciation following the US elections according to Standard Chartered Bank’s Head of Research.

Crypto-related Shares Surge in South Korea, Canada on PayPal News

The ripple effects of PayPal finally getting on board the crypto gravy train yesterday – enabling bitcoin (BTC), ethereum (ETH) and other altcoin purchases in the USA – are being felt all over the world.

Kraken Relaunches Crypto Trading in Japan After Two-Year Break

The exchange had shuttered its Japanese services after Coincheck's $530 million hack in 2018 spooked regulators and prompted a crackdown.

Charted: Litecoin Price Daily Timeframe Indicates Strong Uptrend To $65

Litecoin started a strong upward move from the $41.50 support zone against the US Dollar.

Bitcoin Soared To $13,200 As $17 Billion Added To The Market Cap (Market Watch)

Bitcoin went on a wild ride towards a new 2020 high of $13,220.

3iQ's Bitcoin Fund begins trading in Canadian Dollars after $100M milestone

According to a recent announcement, Class A Units of 3iQ’s The Bitcoin Fund have begun trading in Canadian dollars on the Toronto Stock Exchange under the symbol "QBTC." The trade was initiated on t The post 3iQ's Bitcoin Fund begins trading in Canadian Dollars after $100M milestone appeared first on AMBCrypto.

Yield farming lessons for investors

The rave of the moment in the crypto space is yield farming.

Collider Labs Raises $1M to Invest in Blockchain Startups

The venture builder is seeking to invest in early-stage startups with a focus on transparency, privacy and "fairness."

These Are the Top 10 Crypto Assets to Hold As Bitcoin Bull Wave Arrives, According to Trader Tyler Swope

Analyst and influencer Tyler Swope is revealing the top ten crypto picks in his portfolio.

Exaion (EDF Group) To Become Corporate Baker On Tezos

A subsidiary of a giant French electric utility company will become a baker on the Tezos blockchain.

Smart Contract 101: What is Remix?

Solidity 101 Tools for Smart Contracts is a series of tutorials for beginners to learn the easiest way to build smart contracts.

Bitcoin Price Surpasses $13K Shortly After PayPal’s Major Crypto Announcement

Bitcoin managed to hit a new high in 2020, and passed the $13,000 level for the first time since July 2019.

Coinend: 1,2,3 Take Off - New Gamified Crypto Prediction Platform!

Disclaimer: The text below is a press release that was not written by Cryptonews.com. Coinend has announced the launch of its cryptocurrency gamified platform.

Crypto PayPal News Sends Asset To New All-Time High, But It’s Not Bitcoin

News breaking today that payments giant PayPal would be supporting cryptocurrencies sent the price of Bitcoin rocketing over $1,000 in a single day.

PayPal’s Just Introduced a Bitcoin Onramp to 346 Million People

Bitcoin’s price rocketed to $13,000 this morning after news broke regarding FinTech giant PayPal’s foray into the crypto market.

TA: Bitcoin Correcting Gains, But Key Uptrend Support Is Nearby

Bitcoin price rallied more than 5%% and it even broke the $13,000 resistance against the US Dollar.

TA: Ethereum Facing Huge Hurdle At $400, Why Buyers Are Safe

Ethereum surged over 5% and it even spiked above the $400 resistance against the US Dollar.

The Good and The Bad About Cryptocurrency on PayPal

Crypto market capitalization surged by $25 billion following the news that PayPal would be enabling cryptocurrency payments, but there are a lot of caveats that the average user needs to know about. The post The Good and The Bad About Cryptocurrency on PayPal appeared first on CryptoPotato.

Almost half a billion USDT minted in past 36 hours as Bitcoin rallies

Of the 450 million new USDT tokens, more than 185 million have been distributed with 126.9 million USDT going to Binance alone The Tether (USDT) Treasury has minted almost half a billion new USDT tokens and distributed more than 185 million tokens to exchanges and other addresses in the last 36 hours.  As shown by blockchain tracker Whale Alert, two transactions of 150 million and 300 million USDT tokens were minted on Oct 20 and Oct 21 respectively. The first 150 million was printed only hours before Paypal’s announcement and the Bitcoin (BTC) price rally that followed.

Yield farming fuels 623% growth in DAI supply to nearly $1B

Demand for Ethereum-based stablecoins exploded during the third-quarter DeFi bubble, with DAI’s supply growing by more than 600% and USDC expanding 200%. Decentralized finance’s (DeFi) explosive third-quarter brought significant growth to Ethereum (ETH)-compatible stablecoins. According to crypto market data aggregator Messari, the supply of MakerDAO’s DAI stablecoin grew by 623% in Q3 2020, pushing the token’s value above $1 for four consecutive months. Since starting July with a market cap of nearly $130 million, DAI’s supply has expanded to more than $940 million today. DAI is created when Ether holders deposit their ETH into the MakerDAO protocol, allowing them to create the stablecoin using Ether as collateral.

Voyager crypto broker set to open to Europe after LGO merger

LGO exchange is a gateway for Voyager to access Europe. Crypto broker Voyager has teamed up with LGO, a European digital asset exchange focused on institutions.  "LGO and Voyager will merge their services and offering under the Voyager brand, to offer a premium experience to retail cryptocurrency investors, in the US and in Europe," LGO CEO Hugo Renaudin told Cointelegraph.

Russian Civil Servants Required to Declare Crypto Holdings Beginning in 2021

Russia’s public officials will be obligated to declare all their private cryptocurrency and digital asset holdings, effective from the start of 2021.

Kraken relaunches crypto trading in Japan as part of APAC expansion

Japanese residents can once again trade BTC, ETH, LTC, XRP, and BCH on Kraken, two years after it pulled out of the country. Major US-based cryptocurrency exchange Kraken has launched funding and crypto trading services in Japan, furthering its expansion into the Asia-Pacific (APAC) region. On Oct.

Brock Pierce: True decentralization is a way off

True decentralization will take time, US presidential candidate Brock Pierce suggests, citing DeFi as a crucial stepping stone towards this end. US presidential candidate Brock Pierce believes true decentralization, in its purest form, does not exist today, and is not practical in the near future.  He told Celsius founder and CEO Alex Mashinsky in an hour-long #MOIP interview released earlier today that while DeFi, is headed towards decentralization, it shouldn’t attempt to be entirely decentralized right now. The crypto venture capitalist turned politician stated a hybrid approach including both decentralized and centralized control is more appropriate. “All of us in this space generally believe in decentralization,” he said.

Central bank digital currency could 'threaten' Bitcoin says CZ

Binance boss Changpeng Zhao aired his views on CBDCs adding that Bitcoin could be under threat if a more advanced currency was launched Changpeng Zhao, the enigmatic chief executive of Binance, believes a central bank digital currency that’s designed well enough could become a threat to Bitcoin.  In a video interview with Fortune senior writer Jeff Roberts, he was asked how the People’s Bank of China’s digital yuan initiative would affect the crypto industry.

United States CFTC Issues Advisory on Digital Currencies for Futures Commission Merchants

The Commodity Futures Trading Commission (CFTC) has released an advisory to futures commission merchants clarifying how to hold digital currencies in segregated accounts.

Bitcoin and Altcoins Bulls Back in Driver’s Seat

As discussed yesterday, bitcoin price started a strong upward move after it broke the USD 12,000 resistance.

Russian officials must now declare crypto holdings

The move reverses a 2018 decision that officials did not have to declare crypto holdings. Russia's public officials will be mandated to declare all private crypto assets holdings from New Year’s Day, 2021. The requirements were announced on Oct.

Will PayPal’s crypto offer turn into a tax nightmare?

US capital gains tax laws are likely to catch out many new users of PayPal's cryptocurrency payments system The news that payments company PayPal will support cryptocurrencies has given the industry a major boost — but there are tax implications that are little understood by crypto noobs. PayPal users will soon be able to use digital assets as a funding source for purchases at its 26 million merchants worldwide.

The Resistance to Bitcoin on PayPal Has Already Begun

PayPal's new cryptocurrency service will allow its users to hold BTC.

Hong Kong to “Seize the Opportunities” of China’s Digital Yuan CBDC Development

The Hong Kong government is considering collaborating with the mainland Chinese authorities on the country’s central bank digital currency (CBDC) project.