Russian Crypto Plot, China Mining U-Turn, Lottery Winner’s BTC Gamble: Hodler’s Digest, Nov. 4–10

Russia plans new law that would allow police to confiscate BTC, and China scraps plan to ban cryptocurrency mining. Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Russia: New law would let police confiscate Bitcoin from 2021 We begin in Russia, where the government is pursuing a seemingly impossible law that would allow…

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IDEX Claims Creation of ‘Infinite Scaling Solution for Ethereum’

The decentralized exchange responsible for over 40% of DEX transactions claims to have created an “infinite scaling solution” for the Ethereum network. IDEX, the decentralized exchange (DEX) responsible for over 40% of all DEX transactions, claims to have created an “infinite scaling solution” for the Ethereum network. 1,000 times faster In an email sent to Cointelegraph, IDEX claims that its system, dubbed Optimized Optimistic Rollups (O2Rs), reaches block finality in 10 minutes. The company also says that this is about 1,000 times faster than the Optimistic Rollups (ORs) developed by…

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Top-5 Cryptos This Week: XTZ, ATOM, XLM, LTC, EOS

The top-performing cryptocurrencies of the past seven days are showing signs of bottoming out. Is it a good time to buy? Bitcoin (BTC) futures volumes have been consistently rising in the past few days. This shows that the interest of the institutional players has been gradually picking up.  A close study of the futures volume and price action can provide the experienced trader an insight into the likely direction of the markets. Increasing volumes with a sharp dip in price is a bearish sign as it indicates the initiation of…

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Scale of OneCoin Scam Unravels Amid Ongoing Court Hearings

A U.S.-based lawyer linked with the OneCoin scam allegedly helped Ruja Ignatova, the principal accused in the OneCoin scam, launder over $400 million. With each passing day, the financial nitty-gritty associated with the cryptocurrency-related OneCoin Ponzi scheme continues to become of increasing interest to members of the global crypto community.  The U.S. government’s previous estimate of the scam that raked in a total of $4 billion seems to be well off the mark, as the figure could be more than three to four times the official estimate — this is…

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EOS Blockchain Congested: EIDOS Airdrop 95% of Transfers

The EOS blockchain is congested by the EIDOS token airdrop, says Coinbase, which currently prevents most users from sending transactions on the network. The EOS blockchain is congested by the EIDOS token airdrop, cryptocurrency exchange Coinbase reports on Nov. 9. In a post on its blog, Coinbase claims that it had trouble in processing its clients’ transactions due to EOS network congestion caused by the EIDOS token airdrop. The exchange has since solved the issue by increasing the amount of staked CPU, securing a sufficient portion of the CPU time…

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Ethereum Co-Founder: Hopefully We Can Interoperate With China’s Crypto

Consensys founder Joseph Lubin said that he hopes China’s digital currency will be interoperable with Ethereum and other public and open-access blockchains. Ethereum co-founder and founder of Consensys, Joseph Lubin, said that he hopes China’s Central Bank Digital Currency (CBDC) will allow for interoperability with public permissionless blockchains, including Ethereum. Ethereum is “a very positive virus” Lubin made his remarks during an interview with Forbes published on Nov. 9. He explained: “I assume it is going to be exactly what Chinese leadership thinks is most beneficial to Chinese leadership. Hopefully…

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Bobby Lee: $500K Bitcoin Price ‘Flippening’ of Gold Will Come by 2028

A price of $500,000 is easily in reach within the next nine years, says the BTCC co-founder, with $1 million possible afterward. Bitcoin (BTC) will surpass the market cap of gold and could ultimately be worth $1 million, well-known industry figure Bobby Lee has said.  In a series of tweets on Nov. 10, Lee, who co-founded Chinese cryptocurrency exchange BTCC and now runs a Bitcoin wallet startup, became the latest voice in the expanding debate on Bitcoin versus gold.  Lee: BTC market cap to hit $8 trillion Gold’s market cap…

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Crypto News From Japan: Nov. 2–9

From Cointelegraph Japan: This week’s selected cryptocurrency and blockchain news from Japan. In this week’s selected cryptocurrency- and blockchain-related news from Cointelegraph Japan, the Japanese financial regulator solidifies its policy of banning trusts that invest in crypto, more than 20 companies launch a consortium that aims to raise funds with security tokens, and Coincheck starts its automated cryptocurrency accumulation service, while it denies having had any previous knowledge about Stellar Lumens’ 55 billion token burn. Here is the past week of cryptocurrency and blockchain news in review, as originally reported…

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Crypto News From the German-Speaking World: Nov. 3-10

Cointelegraph auf Deutsch presents a weekly digest of selected cryptocurrency and blockchain-related developments from the German-speaking world. The past week has marked a number of crypto- and blockchain-related developments in the German-speaking world. Malta Enterprise partnered with Deutsche Telekom’s IT service subsidiary to offer its blockchain-as-a-service (BaaS) marketplace, French IT company Atos and Austrian startup Smart Digital proposed industrial plant inspections using blockchain, and the German Federal Financial Supervisory Authority (BaFin) launched a market survey on crypto assets derivatives. Below is the past week of crypto and blockchain news in…

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Crypto News From Turkey: Nov. 2-Nov. 9

Turkey’s president asks for completed testing of the digital lira by the end of 2020 as local fraudsters rake in 600 BTC among crypto news from Turkey this week. In this week’s selected cryptocurrency- and blockchain-related news from Cointelegraph Turkey, President Recep Tayyip Erdogan directed the government to finish testing a national central bank digital currency (CBDC) next year and a fraud saw up to 40 people losing 600 Bitcoins (BTC) — equivalent to roughly $5.2 million. Digital lira to be internalized next year The Presidential Program published by Turkey’s…

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