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Wallmart started selling Bitcoins

Wallmart supermarkets have installed terminals where users can buy or convert cryptocurrency.
Wallmart started selling Bitcoins

In the U.S. chain Wallmart appeared the opportunity to buy Bitcoin for cash, using 200 terminals Coinstar. Wallmart communications director Molly Blakeman said it was a project of Coinstar and CoinMe.

To buy cryptocurrency through the terminal, users must deposit cash and receive a coupon. The coupon is registered on the Coinme website, and the user must go through registration and identification (KYC) procedures. The terminal charges a 4% fee for Bitcoin purchases and a 7% fee for cash exchanges.

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Bitcoin The first and most popular cryptocurrency.
The first and most popular cryptocurrency.

Google prevented a massive hack of YouTube channels

Google’s Threat Analysis Group has prevented mass hacks of bloggers’ YouTube accounts. The hacked accounts were used to fraudulently collect cryptocurrency from viewers.
Google prevented a massive hack of YouTube channels

According to the company, since 2019, scammers have been sending YouTube bloggers a request for cooperation under the guise of asking them to collaborate. While communicating with bloggers, the hackers used phishing emails that contained computer viruses that hijacked users’ data and cookies.

Most of the stolen channels were renamed cryptocurrency tech companies. Scammers conducted live broadcasts on such channels, in which they invited users to participate in a drawing for cryptocurrency for an initial payment. Google reported that the hackers were recruited on a Russian-language forum.

The U.S. Senate demanded that Facebook stop developing the Novi wallet

On October 19, Facebook announced the launch of testing it’s own wallet. In this connection, senators asked Mark Zuckerberg to stop it’s development.
The U.S. Senate demanded that Facebook stop developing the Novi wallet

A group of senators urged the head of Facebook to curtail the development of the crypto wallet Novi and the Diem stablecoin. The senators recalled that the company has repeatedly pledged not to bring stablecoin to market. In their letter, Senators Brian Schatz, Sherrod Brown, Richard Blumenthal, Elizabeth Warren and Tina Smith noted the following:

“Facebook is once again pursuing digital currency plans on an aggressive timeline and has already launched a pilot for a payments infrastructure network, even though these plans are incompatible with the actual financial regulatory landscape-not only for Diem specifically, but also for stablecoins in general,” the senators wrote in a letter.

The reason the senators are asking Facebook to drop the development of stableccoin and the wallet is because the government has just begun to investigate the risks associated with steibcoins and what problems they may pose.

Attackers conducted a fake bitcoin airdrop before Apple’s presentation

On October 18, Apple held a presentation where the company showed new products. But a few hours before the broadcast, a group of attackers conducted a fake bitcoin airdrop disguised as Apple.
Attackers conducted a fake bitcoin airdrop before Apple’s presentation

A group of scammers disguised as Apple held a bitcoin streaming event on October 18, which began hours before Apple’s own presentation. The scammers broadcasted the stream on YouTube, copying data from the Apple channel. The broadcast gathered more than 30 thousand viewers.

Scammers encouraged the viewers to send from 0.1 to 5 BTC or from 3 to 500 ETH to the mentioned purse. Viewers who sent the cryptocurrency were supposed to get it back in twice the amount. Now the channel is closed.

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Bitcoin The first and most popular cryptocurrency.
The first and most popular cryptocurrency.

SEC approves first Bitcoin futures

On October 15, the U.S. Securities and Exchange Commission (SEC) approved the request to launch the Bitcoin Strategy ETF futures fund.
SEC approves first Bitcoin futures

ProShares’ Bitcoin Strategy ETF is the first bitcoin futures-based exchange-traded fund in the U.S. This was written in an updated SEC prospectus. Trading is scheduled to begin on October 18. The underlying asset of the fund will be bitcoin futures on the Chicago Mercantile Exchange (CME).

According to CoinDesk, the 5 SEC commissioners met on October 15 regarding the fund from ProShares. However, the conclusion of the approval was an updated prospectus and the expiration of the application, it should have been rejected within 75 days.

Ripple is enlisted to help create the UK CBDC

Ripple co-founded the nonprofit Digital Pound Foundition, which is involved in the development and implementation of Britain’s national digital currency.
Ripple is enlisted to help create the UK CBDC

The Digital Pound Foundation, which has partnered with Ripple, believes that the introduction of the digital pound will underpin the transition to the UK’s innovative digital economy and ensure the country’s place in the global digital space. In addition to Ripple, the Digital Pound Foundation includes Accenture, CGI group and cryptoprojects Avalnche, Electroneum and Quant.

Former Barclys Bank vice president Jeremy Wilson was named head of the nonprofit organization. In a press release, the Digital Pound Foundation notes that CBDC will help the UK secure its position in the digital world.

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Ripple A global and international financial system that includes its own cryptocurrency and medium of exchange.
A global and international financial system that includes its own cryptocurrency and medium of exchange.
Avalanche (AVAX) A platform for launching DeFi apps and working with smart contracts.
A platform for launching DeFi apps and working with smart contracts.

Visa and artist Mika Johnson want to popularize NFT

Visa and the artist are jointly planning to launch an educational project about NFT.
Visa and artist Mika Johnson want to popularize NFT

Former Major League Baseball player Micah Johnson switched to digital art after his career ended. He started Aku's NFT collection with a boy dreaming of becoming an astronaut. The collection was a great success, raising $1.4 million in just seven minutes.

Visa and Johnson’s partnership will help creative people understand NFT and blockchain technology. After open submissions, the company will identify the first participants, and they will receive sponsorship support.

Coinbase announced the launch of NFT-marketplace

Cryptocurrency exchange Coinbase soon plan to open a platform for buying and selling NFT.
Coinbase announced the launch of NFT-marketplace

The Coinbase exchange announced the launch of its own marketplace for non-fungible tokens (NFT). Users will be able to create, sell and buy NFTs on the Etherum blockchain. Support for other blockchains is planned to be added in the future. Users can leave a request to be added to the early access queue.

“We’ll have a vibrant, secure marketplace. But we believe we can do much more. We’re designing for social engagement.By fostering connections, Coinbase NFT will help creators, collectors, and fans build community.” said Coinbase.

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Coinbase Convenient platform with the possibility of buying and cryptocurrency. The platform provides a simple coin exchange mechanism and supports popular methods of payment.
Convenient platform with the possibility of buying and cryptocurrency. The platform provides a simple coin exchange mechanism and supports popular methods of payment.

The head of JPMorgan criticized Bitcoin

Jaime Dimon believes that Bitcoin is a useless cryptocurrency.
The head of JPMorgan criticized Bitcoin

JPMorgan CEO Jaime Dimon criticized the first cryptocurrency, but admitted that the holding company’s clients are highly interested in it. At an Institute of International Finance (IIF) event, Dimon said that cryptocurrencies will come under regulation because of growing concerns within the U.S. government about steblecoin and digital assets in general.

“I personally think that Bitcoin is worthless. Our clients are adults, they disagree, that's what makes markets, so if they want to have access to buy themselves Bitcoin, we can't custody it but we can give them legitimate, as-clean-as-possible access.”

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Bitcoin The first and most popular cryptocurrency.
The first and most popular cryptocurrency.

Snowden said about the dangers of national cryptocurrencies

Former CIA agent Edward Snowden warned of the threat posed by national cryptocurrencies.
Snowden said about the dangers of national cryptocurrencies

According to the former CIA official, national digital currencies do not adhere to the very essence of cryptocurrency because they deprive users of their ownership rights. In his article, Edward Snowden criticized national digital currencies (CBDC) and called them "the newest danger cresting the public horizon.

The article stated that national cryptocurrencies could be used to control citizens’ money. Snowden noted that the introduction of CBDCs is not related to government support for cryptocurrencies or the digitalization of finance because “most dollars are already digital, existing not as something folded in your wallet, but as an entry in a bank's database”.

JPMorgan named 3 reasons for the rise in the price of bitcoin

The other day the value of Bitcoin reached $55 thousand and analysts from JPMorgan highlighted several reasons why it happened.
JPMorgan named 3 reasons for the rise in the price of bitcoin

In a report to clients, analysts at the investment bank JPMorgan highlighted three reasons for the October rise in Bitcoin value. The report states that the main reason for the cryptocurrency’s rise in price is due to the increased demand for it from institutional investors.

“Institutional investors appear to be returning to bitcoin perhaps seeing it as a better inflation hedge than gold,” the JPMorgan report said.

Other reasons include the fact that U.S. authorities have said they are not planning tough restrictions against cryptocurrencies, as China has done. Also one reason is the legalization of bitcoin in El Salvador.

Mentioned project

Bitcoin The first and most popular cryptocurrency.
The first and most popular cryptocurrency.

The FED sees cryptocurrencies as a threat to the dollar’s dominance

Experts of the Federal Reserve System positioned cryptocurrencies and digital assets as one of the threats to the international dominance of the dollar.
The FED sees cryptocurrencies as a threat to the dollar’s dominance

In “The International Role of the U.S. Dollar” the heads of the FED’s International Finance Department noted that the dollar’s position in the world has remained stable over the past 20 years. In the near future the dollar will hold its position. But in the long term, its position may be affected by three factors: the Chinese yuan, the euro and digital assets.

The following was said about the impact of digital assets:

A shifting payments landscape could also pose a challenge to the U.S. dollar’s dominance. For example, the rapid growth of digital currencies, both private sector and official, could reduce reliance on the U.S. dollar.

However, FED experts considered it unlikely that “technology” alone could affect the dollar’s dominance.

The rate of Bitcoin rose above $55000

In one day the value of Bitcoin increased by 10%, and its capitalization reached 1 trillion dollars.
The rate of Bitcoin rose above $55000

The value of the cryptocurrency Bitcoin on the Binance exchange for the first time since May 2021 rose above $55.5 thousand. The cryptocurrency rose by 10 percent in one day, and its capitalization exceeded $1 trillion. The growth for the week amounted to 36%.

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Bitcoin The first and most popular cryptocurrency.
The first and most popular cryptocurrency.

Shiba Inu token increased in value by 52% overnight

The capitalization of the meme cryptocurrency Shiba Inu reached 6 billion dollars.
Shiba Inu token increased in value by 52% overnight

At the end of September 2021, a large holder bought Shiba Inu for 43 million dollars. Today the value of the cryptocurrency exceeded $83 million, after which the asset was transferred to another address. The transfer fee was $46.

On October 5, Shiba Inu exchange rate exceeded $0.000014. In one day the token went up by 53%. Token capitalization exceeded $6.3 billion with daily trading volumes of $5.3 billion.

South Korean authorities recorded an increase in illegal cryptocurrency transactions

From January to August 2021, the volume of illegal cryptocurrency transactions increased 40 times compared to the previous year.
South Korean authorities recorded an increase in illegal cryptocurrency transactions

According to Yonhap News, the value of illegal cryptocurrency transactions in South Korea was 812 billion won (approximately $687 million) from January to August 2021. This figure exceeded the value of 40 times the value of transactions in the same period.

The cryptocurrency scheme is used to circumvent currency restrictions. It consists of buying bitcoin on exchanges for money received from foreign customers. The asset is sold on Korean exchanges, the funds are converted into cash and delivered to the designated recipient. The increase in illegal digital asset transactions has been influenced by the fact that bitcoin on exchanges is sold at a higher price from the market.

TikTok will release an NFT collection

Popular service TikTok announced the release of its own NFT collection.
TikTok will release an NFT collection

The NFT collection will consist of 6 “culturally relevant” videos from popular artists Lil Nas X, Bella Poarch, Rudy Willengam, Curtis Roach, Gary Vaynerchuk and others.

The tokens will be issued on the Ethereum blockchain and run on the L2 scaling solution Immutable X. The collection will be unveiled on October 6 at the Museum of the Moving Image in Queens. Funds from the sales will go to the authors and artists.

Visa will create a blockchain to convert digital assets

The channel has implemented the concept of a “Universal Payment Channel” that will connect multiple blockchain networks and deployed a sample of it in the form of a smart contract in the Ethereum Ropsten test network.
Visa will create a blockchain to convert digital assets

Visa Payment System is working on a blockchain network that will allow the conversion of digital assets, tokens, stablecoins and national digital currencies (CBDC). The payment system has already created the "Universal Payment Channel" concept and deployed it as a smart contract.

Visa called the UPC concept a universal adapter, which will connect different blockchains for interaction, ensuring fast and secure data transfer between platforms. This will allow users and companies to exchange digital assets securely.

U.S. authorities fined Kraken exchange $1.25 million

Commodity Futures Trading Commission (CFTC) has accused a cryptocurrency exchange of serving margin without a license.
U.S. authorities fined Kraken exchange $1.25 million

Cryptocurrency exchange Kraken must pay a $1.25 million fine imposed by the GFTC. The regulator accused the company of servicing margin trades in digital assets without the proper license.

In addition to the fine, Kraken will have to "stop violating the law as charged." According to the CFTC, from June 2020 to July 2021, the exchange offered products to U.S. customers that violated a provision of the Futures Trading Act.

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Kraken Popular exchange known to many traders working on both the cryptocurrency and the fiat market. KR is a proven and reliable cryptocurrency exchange that provides a huge amount of tools for various types of trading.
Popular exchange known to many traders working on both the cryptocurrency and the fiat market. KR is a proven and reliable cryptocurrency exchange that provides a huge amount of tools for various types of trading.