“reHash” — Your Weekly Summary of Everything Important in the Crypto World — issue no. 5

This article was first published on Wanchain - Medium
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“reHash” — Your Weekly Summary of Everything Important in the Crypto World — issue no. 5

reHash issued for October 16th to October 22nd 2020

Like Chanel reHash has its no. 5 now. Welcome to this week’s edition of all the cryptocurrency related news mashed together in a concise form. This week includes a wild mash-up of updates ranging from OKEx’s founder detained by the police (again), through PayPal opening up to cryptocurrencies more (even though their past behavior towards crypto is far from being friendly) to the huge upset victory of Bahamas over China with (possibly) first CBDC launched — Sand Dollar.

NOTE:
reHash is not intended to be original journalism. It is intended to be brief summary of significant articles and events from the past week with links to the original sources. Sources will always be linked and credited. If you know any good newsletters or Twitter accounts which provide news we have been missing, please mention them in the comments!

ADOPTION

  1. Paypal is going to allow use of cryptocurrencies at the 26 million merchants on its network; start is slated for early 2021; the service will be extended to Venmo in the first half of 2021; initially the service will support BTC, BCH, ETH and LTC; PayPal has active base of 346 million users
    SOURCE: 1, 2, 3, 4, 5, 67
  2. Associated Press’s 2020 USA presidential election results will be published on blockchain for the first time by Everipedia using Chainlink oracles
    SOURCE: 1, 23
  3. On October 20th 2020, the Central Bank of Bahamas has launched one of the first CBDC’s in the world; the currency “Sand Dollars” are a cryptographic representation of the Bahamian dollar and are used in domestic transactions
    SOURCE: 1, 23
  4. Digital Yuan rolled out to be used ...

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