Cryptoknowmics' Daily Dose of Crypto Updates | 4 Jan 2020

Cryptoknowmics Provides you the latest cryptocurrency videos, trending crypto videos, Crypto news, and updates. You can follow us to find the latest updates about top cryptocurrency events.

Indian Cryptic Subhash Chandra Garg Sceptic About Cryptocurrencies’ Survival

https://www.cryptoknowmics.com/news/cryptocurencies-will-not-survive-claims-indian-cryptic-subash-chandra-garg

Notable Indian crypto critic Subhash Chandra Garg has published a report in which he claims that cryptocurrencies won’t survive as more currencies go digital. In the report, Garg has highlighted major flaws in Bitcoin, hinting that the coin’s volatility was a major deterrent to its acceptance as a global currency.

2.China Streamlining its Blockchain Patent Application Procedure

https://www.cryptoknowmics.com/news/china-streamlining-its-blockchain-patent-application-procedure

China’s National Intellectual Property Administration (NIPA) will continue formulating procedures for patent applications, which could be effective from February 1. NIPA had announced a set of guidelines at the end of December as the new patent application system for emerging innovation in blockchain, artificial intelligence, business rules and methodology as well as big data.

3.Hong Kong Institute of Bankers Brings Onboard Virtual Banks

https://www.cryptoknowmics.com/news/hong-kong-institute-of-bankers-brings-onboard-virtual-banks

Hong Kong Institute of Bankers has brought on board at least six virtual banks as its corporate members. The latest banks to join HKIB include Airstar Bank Limited, Fusion Bank Limited, Ping An OneConnect Bank (Hong Kong) Limited, WeLab Bank Limited and SC Digital Solutions Limited.

4.Ousted Bitmain Co-Founder Files a Lawsuit To Regain His Position

https://www.cryptoknowmics.com/news/ousted-bitmain-co-founder-files-a-lawsuit-to-regain-his-position

Micree Zhan Ketuan, the co-founder of the largest manufacturer of Bitcoin machines, has filed a legal suit in the Cayman Islands court against his ouster. In a unanimous decision made by the board members in November, Zhan was robbed of his voting rights in important decisions concerning the company.

5.Nexo CEO Claims That Bitcoin May Hit $50,000 in 2020

https://www.cryptoknowmics.com/news/bitcoin-to-hit-50000-in-2020-claims-nexo-ceo

In an interview with Bloomberg, Antoni Trenchev, the CEO of blockchain platform Nexo, claimed that Bitcoin could hit $50,000 IN 2020. He also likened Bitcoin’s ascent to German hyperinflation after the first world war.

6.Telegram Reluctant To Share Financial Details Related To Its ICO

https://www.cryptoknowmics.com/news/telegram-reluctant-to-share-financial-details-related-to-its-ico

The U.S. Securities and Exchange Commission has filed a request with the court to compel Telegram to reveal how it spent the $1.7 billion that it had raised in its 2017 ICO. The encrypted web chat service has been reluctant in sharing the details about the funds that it had raised through its ICO.

7.Poloniex Exchange Refutes Data Leak After Warning Users to Reset Passwords

https://www.cryptoknowmics.com/news/poloniex-exchange-now-refutes-data-leak-after-warn ing-users-to-reset-passwords

Two days after it had warned some of its users to reset their account passwords, crypto exchange Poloniex has now denied claims of any data security breach on its platform. The crypto exchange had mailed some of its customers after a tweet went viral containing a list of e-mail addresses and passwords, with claims that they originated from Poloniex.

8.Venezuela’s Hyperinflation Problem Keeping US dollar safe

https://www.cryptoknowmics.com/news/venezuelas-new-problem-is-keeping-their-us-dollar-safe

Venezuela’s hyperinflation and the continuous decline of its national currency bolivar have forced many in the country to turn to US Dollar. However, as Venezuelan banks don’t provide foreign currency accounts, Venezuelans find themselves constrained to store the US Dollar at their homes.

9.Bitcoin Selling for $24,000 in Iran Following US Tensions

https://www.cryptoknowmics.com/news/bitcoin-selling-for-24000-in-iran-following-us-tensions

The recent flare-up in tensions between the USA and Iran seems to have had its impact on Bitcoin’s price too. At the time of reporting, Iran-based Bitcoin sellers were selling one Bitcoin for a billion Iranian rials or $24,000.

10.Metamask Makes a Comeback to Google After One Week Suspension

https://www.cryptoknowmics.com/news/metamask-makes-a-comeback-to-google-after-one-week-suspension

After a week’s ban on Google Play, Ethereum-powered dApp platform and crypto wallet, Metamask, is back on the largest internet search engine. Google had halted Ethereum operations on Google Play during the last week of December 2019.