Binance report: over 100 million people are now crypto users
About half of cryptocurrency users are hobbyists while 15% consider crypto their primary source of income, according to a survey of 61,000 crypto users.
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74% of stablecoins are issued on Ethereum, according to new report
ConsenSys Codefi’s 4Q 2020 report on DeFi trends also predicts more ‘wrapped’ tokens, tranche lending products and Ethereum 2.0 derivatives in 2021.
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Tether prosecution delayed again. Bitcoin’s false ‘double-spend’ rumors. Brave sends 24 million users to Web 3.0 via IPFS.
Other top blockchain and cryptocurrency news: BIS touts digital currencies. China’s blockchain network to add CBDCs as payment option.
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Bitcoin and other crypto trends to watch in 2021
How high will bitcoin prices go — and will 2021 be the year of the bitcoin ETF and advanced crypto derivatives? Jay Hao of OKEx looks to the future.
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Singapore’s DBS bank becomes first in Asia to offer crypto exchange
As bitcoin and other digital assets go mainstream, traditional banks want a piece of the action. Singapore’s crypto-friendly regulations are paving the way.
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China’s blockchain network adds CBDC payment layer, ConsenSys as partner
BSN’s new digital payment network will be a boon to Ethereum, stablecoins and CBDCs like China’s DCEP digital yuan while keeping other cryptos out.
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Janet Yellen clarifies stance, notes ‘benefits of cryptocurrencies and other digital assets’
In written testimony, the US Treasury Secretary-nominee calls digital assets ‘fintech innovations’ and pledges to ‘encourage their use for legitimate activities.’
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Biden halts FinCEN’s proposed crypto wallet reporting rules
On his first day in office, President Biden put a freeze on all new or pending Trump-era rules, including rules for crypto, and asked for a review.
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Biden’s American Rescue Plan. Crypto’s regulatory outlook in 2021. How not to lose your bitcoin password (don’t ask Stefan Thomas).
Other top blockchain and cryptocurrency news: Twitter’s blue sky initiative. In China, Conflux Network wins another government deal.
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Treasury pick Janet Yellen: Crypto crimes are ‘particular concern’
In her Senate confirmation hearing, the US Treasury secretary nominee and bitcoin critic also decried crypto’s role in money laundering and terrorism.