Daily Crypto News | 05.12.2020
1- In October, $1.48M worth of digital yuan were distributed through a lottery, piloting the first open-to-public test of the nation’s CBDC e-CNY in Shenzhen. This time, in Suzhou City of Jiangsu province, another round of the Chinese digital currency giveaway will be taking place through a lottery. Each lucky winner will be getting 200 yuan which at this time, is worth around $30. A maximum of 100,000 people will be able to benefit from the giveaway, making the total amount of digital currency to be given away around $3M. 1,000 voluntary participants will be selected to test the offline capabilities of their digital wallets.
2- JD.com, China’s e-commerce company announced that they will be accepting digital yuan, making them the first web based platform to accept the nation’s CBDC e-CNY. The winners from the Suzhou pilot will be able to spend their digital currencies they’ve got from the lottery.
3- India is planning to tax cryptocurrency earnings.
4- On Dec 2nd, a Twitter user asked Ripple’s CTO David Schwartz the following question “If Nodes, validators and the community at large got together and we agree that its better for the community to burn the 50 billion XRP ripple has in escrows would that be possible?” Schwartz’s answer: “Yes. There would be nothing Ripple could do to stop that from happening. Public blockchains are very democratic. If the majority wants a rules change, there is nothing the minority can do to stop them.”
5- Michael Saylor, CEO of MicroStrategy announced that they had acquired 2,574 $BTC for $50M, their total bitcoin holdings totaling up to 40,824.
6- Steve Wozniak, the co-founder of Apple has launched EFFORCE aiming to host investments in energy efficiency projects using blockchain technology. Their native ERC-20 token, $WOZX was listed on HBTC Exchange 2 days ago, now to be listed in the next week, on BitHumb Global, the South Korea based exchange.
8- CEO Global, a crypto exchange based in Hong Kong reported that one of their co-founders had been taken away by Chinese authorities more than 2 weeks ago to aid in an investigation and no clues are given on when he will be released.
9- Toronto Stock Exhange introduces ethereum ETF.
10- Cardano will be launching a hard fork in December, introducing the token locking mechanism.
11- Ripple sold $15.5M worth of its stock in MoneyGram.
12- FTX announced their new web interface.
13- Bitcoin is up 2.9% at $19,181.
14- Nexo (NEXO) is the highest gainer in top 100 list with a 21.8% daily profit.
15- No coins in the top 100 list had seen a loss today.
