• Bitcoin falters Ether XRP surge
    Alt coins,  Bitcoin,  Ethereum,  Ripple

    Is altseason upon us? As Bitcoin falters, Ether and XRP surge ahead

    Altcoins are picking up where the world’s biggest cryptocurrency left off, with XRP surging by a staggering 113% over the past seven days to regain its Top 3 spot

    BTC prices have risen by 9.7% over the past week, gains that aren’t to be sniffed at. But this pales in comparison to the 31.8% surge in ETH over the same period, with XRP climbing by a staggering 113.25%.

  • China second digital yuan lottery
    Cryptocurrencies,  Politics,  Regulation

    China launches second lottery to test digital yuan

    China’s central bank will repeat its $1.5 million “red envelope” central bank digital currency program in Suzhou, following the successful run in Shenzhen

    The Shenzhen test acted as both a stress test and a marketing initiative. The City government gave away $1.5 million to 50,000 randomly selected citizens, who each received 200 yuan—about $30—usable at any of the 4,000 merchants who accept the digital yuan. The Suzhou test will include important new features that did not factor into the Shenzhen trials, most notably the ability to pay while offline.

  • Chainalysis goes unicorn
    Cryptocurrencies,  Regulation

    Chainalysis goes unicorn

    The blockchain intelligence firm’s latest fundraising round valued it north of the VC magic number: $1 billion

    Along with cryptocurrency exchanges and financial firms, Chainalysis' bitcoin and cryptocurrency tracking tool have been used by law enforcement agencies including the FBI, IRS, and U.S. Department of Homeland Security in a number of high-profile cases, including the closure of the largest-ever child pornography ring, “Welcome to Video.” Other cases included operations targeting bitcoin fundraising by terrorist groups Al-Qaeda and Hamas.

  • PayPal Schulman crypto easy
    Alt coins,  Bitcoin,  Ethereum

    PayPal CEO: We’ll make it ‘very simple and easy’ to use crypto every day

    In an interview, Dan Schulman predicted that PayPal’s embrace of bitcoin and three other cryptos will help bring digital currencies into the mainstream

    “Early next year we’re going to allow cryptocurrencies to be a funding source for any transaction happening at all 28 million of our merchants, and that will significantly bolster the utility of cryptocurrencies," Schulman said.

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