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Daily Bitcoin and Crypto Analysis

This Week in Crypto…

October 4, 2020
Over the weekend… The amount of BTC in circulation passed the 18.5 million mark. This means that there is 2.5 million BTC left to be mined (about 11.9%)


On Monday…

Blockchain firm ConsenSys is set to create a Thailand-Hong Kong CBDC. The cross-border central bank digital currency (CBDC) will aim to reduce intermediaries and settlement layers in the current cross-border transfer process.

New Zealand tax authority tightened regulations. Businesses in the country are now required to submit information on their clients’ digital asset usage. The NZ crypto scene saw this as an attack on their privacy.

On Tuesday…

The president of Venezuela, Nicolas Maduro, presented a bill that will use crypto to get around US sanctions. His government will begin to look further into crypto initiatives like the Petro, Venezuela’s oil-pegged cryptocurrency.

IoTex unveiled a blockchain-powered security camera. The aim is to prevent breaches that sometimes occur with internet-based security systems. “We need to have technology that guarantees our privacy and our ownership instead of terms and conditions and policies,” said the company.

On Wednesday…

Singapore government developed a blockchain-powered ‘health passport’. The application allows for secure storage of medical data. This is the latest of Singapore's long track record of adopting blockchain technology.

French police arrested terrorist financiers who used BTC coupons. The coupons were purchased in tobacco shops, which adopted the crypto coupon program just last year. They used the coupons to finance an Al-Qaeda affiliate group.

On Thursday…

The Shenzhen stock exchange announced a blockchain-powered trading platform. It will be used for trading with unlisted private sector companies. The Shanghai stock exchange also made a similar announcement.

The Australian government unveiled its Digital Business Plan. Included in it is $5 million for two blockchain initiatives. Prime Minister Scott Morrison said, “The plan supports Australia’s economic recovery by removing outdated regulatory barriers, boosting the capability of small businesses, and backs the uptake of technology across the economy.”

On Friday…

Venezuela has launched a 90-day trial decentralized stock exchange. After the trial period is over, they will decide whether or not to make it permanent.

President Donald Trump was diagnosed with COVID-19. He is currently in the hospital under supervised care.

For more information on these stories, please visit:

Shenzhen: https://asiatimes.com/2020/10/shenzhen-stock-exchange-integrates-blockchain/

Digital Business Plan: https://ledgerinsights.com/australia-unveils-digital-business-plan-including-blockchain/

Singapore: https://blockchain.news/news/singapore-blockchain-digital-health-passport-enhanced-medical-data-management

Terrorists: https://jonikoski.fi/bitcoin-news/french-police-arrest-terror-financing-ring-that-used-bitcoin-coupons/

Venezuela: https://news.bitcoin.com/venezuela-to-start-using-bitcoin-in-global-trade-in-efforts-to-fend-off-u-s-sanctions/

Security Camera: https://cointelegraph.com/news/blockchain-technology-now-powers-a-privacy-focused-security-camera

CBDC: https://cointelegraph.com/news/shenzhen-s-stock-exchange-is-preparing-to-launch-blockchain-powered-trades

New Zealand: https://tokenpost.com/New-Zealands-tax-agency-wants-crypto-firms-to-hand-over-client-data-5769

BTC: https://insidebitcoins.com/news/bitcoin-network-only-has-2-5-million-btc-left-to-mine

Venezuelan DEX: https://cointelegraph.com/news/venezuela-trials-decentralized-stock-exchange-open-to-the-world

Trump: https://www.cnn.com/politics/live-news/trump-covid-19-updates-saturday/index.html







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