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“# Bitcoin exodus: OKEx users move crypto off exchange as withdrawals resume ” After a five-week-long suspension of all user withdrawals, cryptocurrency exchange OKEx resumed normal services at 8:00 am UTC on Nov. 26. Having announced the re-opening last week, OKEx then indicated it would be launching a compensation and rewards program to express its gratitude to customers for…
“# Cambridge and Oxford teams compete in algorithmic crypto trading contest ” More than one dozen teams representing the mathematics and computer science departments of Oxford and Cambridge universities are competing to build crypto trading algorithms on major exchanges Coinbase Pro and FTX. According to a Nov. 25 announcement, the 15 teams will be assessed…
“# Judge rejects motion to freeze Cred’s crypto assets in bankruptcy case ” U.S. Bankruptcy Judge John Dorsey has denied an emergency motion filed by 15 customers of the embattled crypto lending firm Cred Inc. to freeze crypto assets held by the firm on exchanges amid its Chapter 11 bankruptcy proceedings. More than one dozen…
“# Coinsquare exchange adds new board members ” Coinsquare, a crypto exchange that has been under the scrutiny of Canadian regulators following allegations of wash trading, said it will be adding two new members to its board of directors. In a Nov. 25 announcement, the exchange said Nicholas Thadaney and Wendy Rudd are joining its…
“# PayPal suspends user for crypto trading using PayPal’s own service ” A PayPal user reports their account has been restricted after they traded crypto too frequently using the platform. According to U.S.-based Reddit user TheCoolDoc, PayPal sent them a message stating that it had permanently limited their account “due to potential risk.” The user…
“# Lolli integrates ‘free Bitcoin’ functionality for eBay before Black Friday ” Online auction marketplace eBay is teaming up Lolli, a crypto-centric shopping app, to integrate Bitcoin (BTC) rewards for its 127 million users. Lolli announced Wednesday that its users can earn 1% back in Bitcoin when they shop on eBay’s marketplace. The initiative is…
“# Galaxy Digital CEO recommends investing up to 3% of one’s net worth into Bitcoin ” With the price of Bitcoin continuing to test support around $19,000, Galaxy Digital founder and CEO Mike Novogratz recommends HODLing until 2025. In a Yahoo Finance Live interview published on Wednesday, Novogratz said that the current Bitcoin (BTC) rally…
“# Deloitte: Financial institutions to boost future blockchain spending ” Many financial institutions are poised to increase their blockchain spending in 2021, according to an upcoming survey from Deloitte titled Financial Services Industry Outlooks 2020. Preliminary results shared with Cointelegraph indicate that 27% of the institutions surveyed expect a “slight increase in spend” for blockchain and…
“# Facebook’s Libra hires former OCC prosecutor and central bank expert ” The Libra Association, which manages Facebook’s quiet cryptocurrency project, has appointed a general counsel to oversee the development of its forthcoming payment system. In an official press release, the Libra Association Wednesday introduced Saumya Bhavsar as the new general counsel of Libra Networks,…
“# ‘BitcoinTuesday’ to become one of the largest-ever crypto donation events ” BitcoinTuesday, scheduled for Dec. 1, aims to become one of the largest cryptocurrency fundraisers in history. The Giving Block, a crypto donations company, has secured partnerships with over 120 nonprofits and 30 blockchain companies to spearhead BitcoinTuesday — a one-day event that promotes…