BTC needs to hit $213,000, Binance focuses on security, Monero's bug, Indians try to overcome crypto ban, Canaan launches mining TV, crypto is not 'real money' for the Dutch Central Bank, Forex is ready for blockchain
- Bitcoin (BTC) price must hit nearly $213,000 to replace U.S. money supply, according to the Union Bank of Switzerland (UBS).
- ChangPeng Zhao, Binance CEO, believes that the industry must focus on something much more fundamental to successfully move forward — security.
- Monero was subject to a relatively minor cybersecurity vulnerability. Hackers could create false transaction data via the copying of a simple line of code from the Monero wallet code base, which is open-sourced and easily accessible online.
- Indian crypto traders have found some creative ways to circumvent the crypto banking ban. One of the methods is Dabba trading, where transfer ‘money through hawala network’ and trade ‘using an overseas bank trading account’, most of which are based in Europe.
- Canaan Creative, the world’s second largest Bitcoin (BTC) mining hardware manufacturer, has launched what it claims is the ‘first ever’ BTC mining television set, AvalonMiner.
- Petra Hielkema, the divisional director of the Dutch Central Bank, has said in a publication on fintech that cryptocurrencies are not considered as ‘real money’.
- Forex is in the final stages of testing its blockchain payment service for banks, but large financial institutions are not quite ready to hand over their data to a blockchain-powered system.