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Cryptocurrency is a medium of exchange, namely digital cash and crypto currency. It can be sold or bought and is used to purchase goods and services online. What makes it different from the ordinary currency is that it is secured by cryptography and a network of computers verifying every transaction. As decentralized digital money, cryptocurrency is based on blockchain technology. The most widely used cryptocurrencies nowadays are Bitcoin, Ethererum, LiteCoin, and Ripple.
The US Department of Justice confiscated 69,370 bitcoins. With the current rate, it approximately equals $1,06 billion. It is the largest amount of cryptocurrency that the US authorities have ever seized.
Telegram was suing Lantah for the right to use the Gram trademark and ticker, but at the end of August 2020, Durov's company was forced to withdraw its claim and now has to pay $620,000 in legal fees.
It’s no surprise that the new Bitcoin leap coincided with the US presidential elections. In previous elections, the situation was the same: in November 2016, the Bitcoin rate rushed up, and the cryptocurrency rose from $700 to $20,000 by mid-December 2017.
Coinbase Card users from the USA will also get the opportunity to earn up to 4% back in crypto rewards. Users could earn up to 4% back in Stellar Lumens or 1% back in Bitcoin.
PayPal made every effort for the cryptocurrency market development. Popular payment service announced a new service enabling its customers to buy, hold, and sell cryptocurrency directly from their PayPal account.
This week’s Weekly Fun features an IT expert who made its coffee maker mine cryptocurrency, an awkward poster dedicated to doctors fighting COVID-19, and politically-themed Halloween decorations of a university history teacher.