Bitcoin blasts through $13K following PayPal’s entrance into crypto

Bitcoin (BTC) has rallied above $13,000 for the first time since July, and only the third time since the all-time high bull run of late-2017. The move follows the long sustained period of five-figure price action, with BTC having spent nearly the entirety of the past 12 weeks trading above $10,000. Weekly BTC/USD chart: BitcoinWisdom The spike was triggered by news that the global payments giant PayPal is launching support for Bitcoin, in addition to Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH). Quantum Economics founder Mati Greenspan said the…

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Bitcoin rallies, McAfee compares prison to Hilton, digital yuan airdrop

Coming every Sunday, Hodler’s Digest tracks every important crypto news story from the previous week. Essential reading for all Hodlers!   Top Stories This Week   $12,000 Bitcoin price back on the table after BTC rallies above $11,400 At last. Bitcoin rallied to $11,448 on Friday, finally breaking above the symmetrical triangle where the price had been compressing for the past 30 days. Earlier in the week, BTC had dropped to $10,528 when Donald Trump suggested negotiations on a second stimulus package wouldn’t happen until after the election. But there…

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Separating fact from fiction – Cointelegraph Magazine

The Democratic People’s Republic of Korea is widely considered to be a state sponsor of cryptocurrency hacking and theft. While multiple United States presidents have attempted to stifle the growth of North Korean nuclear energy development through a series of economic sanctions, cyber warfare is a new phenomenon that can’t be dealt with in a traditional way.  Unfortunately for the crypto industry, DPRK has taken a liking to digital currencies and seems to be successfully escalating their operations around stealing and laundering cryptocurrencies to bypass crippling economic sanctions that have…

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Litecoin relaunches MimbleWimble testnet as Europol targets privacy protocols

Litecoin (LTC) has relaunched its MimbleWimble testnet — a protocol designed to enhance privacy and obfuscate the traceability of distributed ledger transactions. MimbleWimble is a modified implementation of the proof-of-work algorithm underpinning Bitcoin (BTC) in which blocks appear as a single large transaction, preventing the individual inputs and outputs relating to the transactions from being identified. David Burkett, the lead developer of the MimbleWimble protocol for Litecoin, will now focus making it easier for “non-technical Litecoin users” to begin testing to functionality, in addition to ironing out aspects of the…

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BitMEX charges, Bitcoin stays calm, KuCoin ‘identifies’ hack suspects

Coming every Sunday, Hodler’s Digest tracks every important crypto news story from the previous week. Essential reading for all Hodlers!   Top Stories This Week   CFTC charges BitMEX with illegally operating derivatives exchange The U.S. Commodity Futures Trading Commission has charged the derivatives exchange BitMEX with operating an unregistered trading platform and violating Anti-Money Laundering regulations. A civil enforcement action has been filed against five entities and three individuals who allegedly own and operate the exchange — including BitMEX CEO Arthur Hayes. The CFTC is accusing the exchange of…

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