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In this edition of The Daily, we cover two announcements regarding fiat-to-crypto trading services. The U.S. subsidiary of Huobi has introduced pairs between three cryptocurrencies and the U.S. dollar and peer-to-peer platform Airswap has enabled users to exchange fiat currency for ethereum. There’s also a new development in the Quadrigacx saga – a judge has … Read more
Tidbits is a roundup of talking points from across the cryptosphere. Today, Jesse Powell and Samson Mow both voice their opinions on the custodial ownership of assets through trusted, third parties. Paul Sztorc shows the Bitcoin community that forks are not as frequent as they think and Simon Dixon breaks down his three problems with the … Read more
The current market environment has caused several cryptocurrency companies such as exchanges, and miners to cancel growth plans, downsize their operations or even completely shut down. A massive new fund reportedly in the works is designed to help such struggling firms with much-needed finance until the situation improves and they return to profitability. Also Read: … Read more
Japanese crypto exchange Zaif has concluded a business transfer agreement with another regulated crypto exchange in Japan. Fisco Cryptocurrency Exchange will take over all of Zaif’s services and will be responsible for repaying users who lost their coins when Zaif was hacked last month. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals … Read more
Sweden’s central bank has introduced a controversial new measure that will deter its citizens from saving. The oxymoronic “negative interest” now paid out on tax accounts is technically designed to stimulate the economy. In reality, all it will do is encourage people to spend rather than save, boosting government figures for economic growth while disadvantaging … Read more
Irresponsible government borrowing has caused debt in many African countries to reach crisis level. Over the past 10 years, more than $80 billion in bonds have been issued to thirsty European investors by governments in Africa south of the Sahara, with public debt now making up about half of GDP. Bilateral loans, especially from China, add … Read more
The Satoshi Revolution: A Revolution of Rising Expectations Section 4: State Versus Society Chapter 10, Part 4 Crypto and the New Cold War History is written by the victors. -Winston Churchill Success is a great deodorant. -Elizabeth Taylor The winning side of a war writes the narrative; politicians, cultural leaders, educators, and the media create … Read more
In recent mining news, Venezuelan authorities are cracking down on mining operations – with one Venezuelan telling reporters that he was forced to leave his home country after becoming the victim of extortion. In other news, a Taiwanese miner was shot by gangsters after failing to deliver on returns on the gang’s investment into his … Read more
This week the institutional over-the-counter (OTC) digital currency service, Genesis Global Trading, announced it’s creating a lending subsidiary called Genesis Capital that will offer cryptocurrency loans for a fixed period of time. Also Read: More Infrastructure Support Joins the Bitcoin Cash Ecosystem Market Maker Lending Services Genesis Capital will be a new lending firm for institutional … Read more
The advisors of the Venezuelan government have recommended that the country’s oil-backed cryptocurrency, the petro, be sold in private placements at a discount of up to 60 percent. 38.4 million petros, with a face value of around $2.3 billion, could go on sale starting on February 15. Also read: South Korea Urges 23 Countries, EU, and … Read more
