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The popularity of the Tether stablecoin (USDT) as a means of payment is growing thanks to online gaming sites and cannabis stores, Bloomberg reports. Evgeny Yugrinov, product manager for B2BinPay cryptocurrency processing, said in a comment to the publication that the volume of transactions in USDT had doubled since last year and amounted to 20% of the total. The processing cryptocurrency company CoinPayments reported that USDT accounted for 30% of the volume, […]

The authorities of the largest city of South Africa are forced to close the billing system and other electronic services on the city portal due to a hacker attack, according to Bloomberg. A group called Shadow Kill Hackers gained unauthorized access to the city’s information system, Johannesburg authorities confirmed. Hackers demand to pay 4 BTC (more than $ 30 thousand at the current exchange rate) until October 28, threatening to otherwise lay out […]

Weder di Mauro, president of the Center for Economic Policy Research (CEPR), is confident that regulators are unlikely to allow Facebook to launch the Libra digital currency project. It is reported by CNBC. “What Libra did shocked the central banks,” said di Mauro. According to her, monetary regulators did not expect such a sudden appearance of a private currency created by a private company. “That’s why probably […]

Polish police arrested Crypto Capital president Ivan Manuel Molina Lee for alleged involvement in a drug cartel and money laundering through the Bitfinex Bitcoin exchange. This is reported by the Polish media. Presumably, it was the Panamanian processing company Crypto Capital that the exchange entrusted $ 880 million, which were frozen by the authorities. To cover the loss, Bitfinex borrowed funds from the affiliate company Tether, and then spent […]

Former Executive Director of the World Gold Council (WGC) Jason Tussen is developing the Bitcoin ETF in conjunction with the asset management firm Kryptoin Investment Advisors, CoinDesk reports. A Delaware company filed a registration application with the U.S. Securities and Exchange Commission (SEC). Toussin, who previously also managed one of the largest ETDRs based on SPDR Gold Shares, leads […]

Founder of Lunar hedge fund Joel Birch expressed the opinion that any bitcoin price below $ 8,000 is good for a purchase, Forbes reports. According to him, the “buy on the bottoms, sell on highs” approach is not very effective. Birch believes that the Averaging In And Averaging Out or Dollar-Cost Averaging strategy is much better. It involves the regular acquisition of an asset […]

Facebook will cease membership in the Libra Association if a project to create the digital currency of the same name is launched without the consent of the regulator. The head of the world's largest social network, Mark Zuckerberg, said this on Wednesday, October 23, during a hearing in the US Congress. The hearing at the House of Representatives Financial Services Committee lasted several hours, during which Zuckerberg […]