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PayPal May Earn $2 Billion in Revenue from Bitcoin Alone By 2023. 3 Bitcoin Improvement Proposals That Aim To Increase Privacy For Bitcoin Users. Crypto Holders in the UK Cannot Deposit Profits in Banks. For the past few months, Bitcoin has been rallying to all-time highs, but anyone who wants to take profits might struggle to cash into banks.
It is because some banks are refusing transfers from bitcoin exchanges. HSBC, one of the world’s largest banks, does not process cryptocurrency payments and does not allow customers to transfer money from digital wallets. While other leading banks accept transfers from digital wallets to checking accounts, many bitcoin holders cannot use their credit cards to buy or sell bitcoin. What Risks Are Available While Trading in Bitcoin? Are thinking about bringing cryptocurrency like Bitcoin to your life?
If yes, then it’s considerable to take every step into account and start investing in bitcoin wisely with prompt knowledge of crypto and blockachain news. Cryptocurrencies have forever changed the way we think about personal finance and doing business. Over the years, they have been controversial, criticized, criminally driven, accompanied by setbacks and they make it possible to make good money. Naturally, they are common to all financial markets, but in the case of using cryptocurrencies like bitcoin, the risks double due to their specific features. What threatens those who choose bitcoin or other crypto coins as a tool for investment? Malicious Programs These electronic payment systems are adapted to the cryptocurrency market and can be activated wherever such an opportunity arises. Ransomware;Viruses;Fake links;Unauthorized access to personal information. Hacker Attacks Lack of Legal Framework and Risks. UAE: Leading Telecom Group Uses Blockchain in Human Resources.
UAE firm Etisalat is tapping distributed ledger technology (DLT) to streamline HR operations.
Firm Taps Blockchain to Ensure Legitimate Data According to a report by GDN Online, UAE-based telecom firm Etisalat recently announced a new initiative geared toward empowering employees with blockchain-enabled digital HR credentials. Quontic Becomes First FDIC-Insured Bank to Launch Bitcoin Rewards Program. Quontic Bank becomes a pioneer FDIC-insured financial institution to launch a Bitcoin rewards checking program, as announced yesterday in a press release by PR Newswire.
Earn Bitcoins While Shopping According to the announcement, users of this reward system would have access to surcharge-free ATMs, ApplePay, GooglePay, SamsungPay, and Zelle peer-to-peer payments at no cost. In addition, customers would also be able to earn at least 1.5% back in Bitcoins on any eligible purchases they make with their Quontic debit cards. The bank is working with NYDIG, a Bitcoin specialist firm that would act as the custodian of the crypto asset. The bank would also be working with FIS to build a mobile app that would keep track of such Bitcoin rewards. The App would allow debit cardholders to be able to open new accounts and manage their old accounts through their mobile devices. VeChain (VET) to Launch PoA2.0 for Faster Transaction Confirmation The VeChain (VET) has announced that significant progress has been made so far in their work towards implementing the Proof of Authority (PoA) 2.0 consensus algorithm, which it says will boost the scalability of its blockchain, while also improving performance, according to reports on December 10, 2020.
VeChain Eyes Better Performance As more and more enterprises continue to adopt and integrate VeChainThor into their processes, the team behind the distributed ledger technology (DLT) project is working hard to make the platform more robust, secure and resilient for its users. In the latest development, Peter Zhou, the chief scientist of the VeChain Foundation, the Singapore-based non-profit organization dedicated to making the project a success, has taken to Twitter to reveal that he and the VeChain core development team have reached a significant milestone in the implementation of PoA 2.0.
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Chrysalis Phase 2 Chrysalis is the intermediate stage before Coordicide. Here, IOTA will eliminate the central coordinator for a fully decentralized, infinitely scalable, and secure distributed ledger network powering the internet of things and the next machine-to-machine economy. According to the IOTA Foundation, the first components of Chrysalis were deployed to the mainnet in August. In this phase, the engineering team is now testing the functionality of IOTA 1.5 on a private testnet. Romania Uses Blockchain Solution to Monitor National Elections.
Romania Electoral body, the Permanent Electoral Authority (AEP) deployed blockchain technology in its recently concluded election which took place on December 6, 2020.
The solution was integrated into the country’s electoral systems and applications used in the parliamentary election as a complementary solution to boost transparency of results. Solution Used To Monitor Election Turnout The blockchain solution had been earlier proposed by Special Telecommunications Service (STS) as a way of monitoring turnout and prevention of illegal voting. It was also part of a wider effort by STS to increase the confidence of voters and electoral competitors in the integrity of data and information registered on the existing electoral voting infrastructure.
Electoral turnout and statistical data were recorded on the blockchain solution through fingerprints. UnionBank, Standard Chartered Tap Blockchain for $190 Million Bond Issuance. The Filipino branch of UnionBank and Standard Chartered, have joined forces to launch a distributed ledger technology (DLT) based bond issuance platform.
The system has successfully been used to tokenize and issue PHP 9 billion ($190 million) worth of bonds, according to reports on December 7, 2020. Bonds on the Blockchain In a bid to make it possible for retail investors to purchase bonds in a fast and frictionless manner, Union Bank of the Philippines and Standard Chartered Ventures, two top financial institutions in the region, have developed and completed a blockchain proof of concept for a retail bond issuance platform. Per sources close to the development, the unnamed platform was successfully used to conduct a proof of concept for the tokenization of PHP 9 billion worth of bonds issued by Union Bank.
Fidelity Digital to Accept Bitcoin (BTC) as Collateral for Cash Loans. Asset manager Fidelity continues to embrace the premier cryptocurrency.
Fidelity Digital to Hold BTC as Collateral for Cash Loan In what comes as the latest impetus for the adoption of the world’s largest cryptocurrency, Fidelity Digital recently announced that it would be accepting BTC as collateral for cash loans. According to a Bloomberg report published on December 9, Fidelity Digital Assets – the digital assets offshoot of the Wall Street juggernaut – has announced that it would allow its institutional customers to pledge bitcoin as collateral against cash loans.
S&P Dow Jones Partner, Lukka, Raises $15 Million in Preparation for Institutional Influx into Crypto. How To Invest in Bitcoin Securely - A Beginner’s Guide! Blockchain & Cryptocurrency News. Central Banks of UAE and Saudi Arabia Say CBDCs are More Efficient and Can Preserve Privacy. The conclusion of Project Aber and subsequent review by the Central Banks of the Kingdom of Saudi Arabia (Saudi Arabian Monetary Authority) and the United Arab Emirates (CBUAE) shows that Distributed Ledger Technology (DLT) can improve remittance and satisfy privacy demands despite it being technically untenable, a joint report on Nov 28 reveals.
Objectives of Project Aber The HyperLedger Fabric-built Project Aber is a Central Bank-backed digital currency (CBDC) experiment that was launched in January 2019. It was built on previous trials in Japan, Singapore (Project Ubin), and Canada (Project Jasper). Unlike previous trials where a single currency was issued via the payment network, two currencies were being transmitted via Project Aber. S&P Dow Jones Alters Course, Announces Launch of Crypto Index Service in 2021. Two years after distancing itself from including a crypto index service to its market indices basket, the S&P Dow Jones is now set to roll-out cryptocurrency indices starting from 2021. The news marks a further indication of the nascent industry making significant inroads into the established finance scene and could significantly impact institutional adoption going forward.
S&P Readying Crypto Index and Benchmarking Tools. Generate Bitcoin for Free Using This Method. Everyone seems to be talking about Bitcoin right now and the reasons are pretty clear. Global Bitcoin ATM Count Grew by Over 1,000 in November. The total number of Bitcoin ATMs increased by over a thousand worldwide as operators expanded their inventory mostly in the US. The news offers yet another indication of the growing appeal of the crypto industry around the world. According to its latest Market Dynamics report published on Dec. 4, crypto ATM data provider CoinATMRadar revealed that the total Bitcoin ATM count as of the end of November was 12,510 installations.
China’s SparkPool Unleashes GasNow, an ETH gas Prediction Tool. Almost 2 Million ETH Staked on Testnet Ahead of Ethereum 2.0. ETH 2.0 Testnet Spadina Goes Live Amid Minor Technical Glitches. Coinbase Holds 3X the Amount of Ethereum (ETH) in Binance. The San Francisco-based exchange, Coinbase, holds approximately 8.7 million ETH coins—translating to over $3 billion at market rates as per a visual shared on Sep 29. Eth2 Beacon Chain Can Still Launch on Nov 24, Says Ethereum Developer. Ethereum Transaction Volumes Rise to 2017 Levels, ETH Price Soars above $500.
The Ethereum smart contract transaction volume is back to 2017 levels as per a confirming tweet on Nov 20. Ethereum 2.0 Smart Contract Deposit Surpasses 300,000 ETH. Eth2 Beacon Chain Can Still Launch on Nov 24, Says Ethereum Developer. What is a Blockchain? How Does It Work? Bitcoin May Break 20K Within 3 Months, But Risks of Volatility Remain High
Bitcoin Sets New 2020 High as PayPal Announces Crypto Adoption. StormX Launches New $1,000 Referral Bonus for Cryptocurrency Cashback Users. PayPal's Move to Crypto Is not What it Seems, Here's the 'Catch' Paypal Is on the Market to Acquire Crypto Companies Including BitGo. Millennial Interest in Bitcoin gives It “Considerable” Upside Potential, Says JPMorgan. German Clothing Manufacturer Taps IBM Blockchain for Supply Chain Traceability. ETH 2.0 Staking Penalty and Yield Changed To Incentive Participation. Is Decentralized Finance the Answer for a More Democratized Financial System? ETH 2.0 Client Teams Shouldn’t Be too Quick to Declare Launch Readiness. Is This the First Blockchain To Really Compete with Visa? Wall Street Veteran Bill Miller Says Buy Bitcoin Today, as Every Major Bank Would Eventually.
3 Ways to Keep Your Cryptocurrency Safe on Mobile. Bitcoin Holding Companies Will Come Under Scrutiny from Biden Administration, Says Ripple CEO. Bitcoin and Ether Market Update October 29, 2020.