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  • crypto-will-be-useful-but-bitcoin-is-hard-to-understand,-says-softbank-ceo
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    Crypto will be useful but Bitcoin is hard to understand, says SoftBank CEO

    Masayoshi Son found Bitcoin to be “distracting his own focus on his own business.” While the ongoing cryptocurrency bull run is boosting crypto adoption, some billionaire investors still find Bitcoin (BTC) to be something of a distraction. Masayoshi Son, a billionaire technology entrepreneur and CEO of Japanese conglomerate SoftBank, claimed that he “doesn’t understand” Bitcoin amid the… More

  • corporate-giants-may-not-follow-microstrategy’s-bitcoin-adoption-play,-raoul-pal-explains
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    Corporate giants may not follow MicroStrategy’s Bitcoin adoption play, Raoul Pal explains

    Communication is key, especially when it comes to explaining Bitcoin to mainstream corporate entities. Earlier this year, business intelligence giant MicroStrategy put $425 million of its treasury funds into Bitcoin (BTC). The move was largely seen as a big step in the right direction for mainstream Bitcoin adoption. MicroStrategy, with its CEO and founder Michael… More

  • gemini-exec-to-join-bitstamp-crypto-exchange-as-new-ceo
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    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. He will be moving into a new advisory… More

  • okex-founder-reportedly-under-investigation-as-exchange-suspends-withdrawals
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    OKEx founder reportedly under investigation as exchange suspends withdrawals

    OKEx founder Star Xu was reportedly questioned by police a week ago. The founder of major global cryptocurrency exchange OKEx has been reportedly questioned by authorities previous to OKEx suspending cryptocurrency withdrawals.OKEx founder Mingxing Xu, also known as Star Xu, has reportedly been questioned by the police, Chinese news agency Caixin reported today. According to… More

  • japanese-financial-giant-sbi-acquires-taotao-crypto-exchange
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    Japanese financial giant SBI acquires TaoTao crypto exchange

    SBI now has two licensed crypto trading platforms in Japan. Japan’s largest on-line financial conglomerate, SBI Holdings, now owns two licensed cryptocurrency trading platforms with its new acquisition of TaoTao exchange.According to an official announcement on Oct. 7, SBI’s foreign exchange and derivatives arm SBI Liquidity Market has acquired all shares of TaoTao, making it… More

  • russia’s-telecom-regulator-blacklists-binance-website
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    Russia’s telecom regulator blacklists Binance website

    The website of the Binance exchange is still available without additional access tools, platform says crypto funds are safe. Authorities in Russia appear to be going after Binance — the world’s largest cryptocurrency exchange — as its domain is now in the list of prohibited websites in the country. On Sept. 24, Binance officially announced… More

  • iran’s-crypto-mines-could-be-used-to-help-fund-car-imports
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    Iran’s crypto mines could be used to help fund car imports

    It seems that the private sector is not satisfied with the country’s local fiat money. According to ArzDigital, Gholam Hossein Mozaffari, CEO of the Kish Free Zone Organization, hopes that the Iranian government will approve a proposal to use crypto funds, such as Bitcoin (BTC), to pay for car imports on Kish Island in Iran.The… More

  • industry-leaders-say-blockchain-makes-payment-services-more-efficient
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    Industry leaders say blockchain makes payment services more efficient

    Is blockchain the solution in making payments more transparent and secure? With online payments company Wirecard undergoing insolvency proceedings this month, mainstream financial services like VISA, PayPal, and Mastercard are rushing to fill the digital payments void, and be one of the first to offer crypto payment cards, stated experts in the crypto industry.During an… More

  • waterloo-residents-have-lost-$430k-to-crypto-scams-this-year
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    Waterloo residents have lost $430K to crypto scams this year

    Bitcoin scammers have thus far proven to be unstoppable in Canada. Waterloo, Ontario is the first Canadian city to issue a general warning after 78 residents were duped by crypto scammers in 2020.According to Global News, Waterloo residents have lost more than $430,000 so far this year, with 29 of the 78 falling victim in… More

  • top-indian-central-banker-says-cryptos-have-a-future-but-fears-monopoly

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    Top Indian Central Banker Says Cryptos Have a Future But Fears Monopoly

    A former chief economist of the IMF said neither private digital currencies nor central bank digital currencies should hold a monopoly. The former governor of Reserve Bank of India, Raghuram Rajan, said that private cryptocurrencies like Bitcoin (BTC) and Facebook’s Libra may have a future even when central banks roll out their own digital currencies.Rajan,… More