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Germanys second-largest stock exchange, Boerse Stuttgart, is set to launch crypto trading in the first half of 2019, with ICO token trading coming later.
This years bear market has seen most of the top cryptocurrencies hemorrhage over 80% as they plummet from those lofty heights made almost a year ago. Some have fared better than others and Ripples XRP token has been one of them. Crypto technology, however, is still in need of vast improvement, at least according to the chief technology officer at the fintech firm.
Ripple has been one of the most pro-active blockchain companies during the downturn as it continues to sign up banking and finance partners to RippleNet and offer services based on XRP. The token itself may well be down 90% from its peak at over $3.50 but it has managed to usurp Ethereum and is now the second largest cryptocurrency on the planet.
Many have asserted that greater adoption will be the catalyst to reverse the trend and send crypto markets on the road to recovery. Ripples CTO, David Schwartz, however believes that the technology needs improving before that can happen.
The 2017 bull run saw crypto prices surge thousands of percent in a short space of time which led to their store of value being far greater than their potential for use. This catalyzed the inevitable selloff as adoption of a new method of money movement never actually happened.
According to Forbes some fear that the current problems cryptocurrencies face such as centralized exchanges, security and hacking concerns, and lack of regulation could put people off using them for their intended purpose.
I dont want the adoption to get ahead of the technology. It took a long time for the internet to get to the point where it was suitable for anybody to use it and you didnt have to really understand the technology in great detail in order to be able to get it to work, Schwartz said on a recent podcast.
Difficulties using cryptos such as setting up wallets and navigating often clunky exchanges may be holding back that adoption that the industry so badly needs. On the flip side, crypto offerings from the institutional heavyweights such as Bakkt and Fi...
Opera has announced the public release of its "Web 3-ready" Android web browser featuring an ethereum wallet.
Tech giant IBM has hinted that telecommunication firms in India could soon be using blockchain solutions in mobile number portability and in the Do Not Call registry. According to the IBM Research vice president and CTO of IBM India/South Asia, Sriram Raghavan, the tech giant could launch blockchain solutions focused on Do No Call registries Continued
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Crypto markets are still on the floor today as there has been no sign of even a minor recovery. The bears have kept the pressure on and prices are still sinking as total market capitalization continues to fall below $110 billion.
Bitcoin has slid back again falling close to $3,400, down 3% or so from a high of $3,530 it reached yesterday. BTC is down 11% from the same time last week when it traded above $3,800 and is dangerously close to hitting another 2018 low.
Ethereum is still flat with very little going on as it remains just below $90 for another day. The top ten is mostly in the red but losses are much smaller than previously. Bitcoin Cash has taken the biggest hit again of 3% as it slides into oblivion below $100. This has enabled EOS to flip it and take sixth spot with a minor gain on the day to $1.90. There has been very little movement for the rest of the altcoins in this section.
The top twenty is a mixed bunch of half red half green. Dash, Zcash and Nem are still falling back slightly but the big mover at the moment here is Tezos which has jumped 6% on the day. A listing on Huobi Global yesterday is driving momentum for XTZ.
Huobi Global (@HuobiGlobal) December 13, 2018
There are a couple of altcoins in the...
Judge Business School, a subsidiary of the University of Cambridge, has published its second annual report into the cryptoconomy. Its inaugural report surfaced in April 2017, just as crypto mania was exploding. A lot has happened in the ecosystem since then, and the schools new 96-page report covers a good portion of it, with a particular focus on cryptocurrency mining, exchanges, storage, and payments.
Within days of cryptocurrency enthusiasts being treated to a 59-page health check in The State of Bitcoin, a second weighty tome has hit their desks. Cambridge Universitys Global Cryptoasset Benchmarking Study is as comprehensive as it sounds. Not only is the reference report packed with even more information than Delphi Digitals effort, but i...
This is a paid sponsorship by: - Cheap Cable TV - Call 1-888-742-8847. Click now: https://CheapCableTV.com Good evening, Im still reporting on: Israeli Mayor Walls Work!, 2474 Synopsis: Despite the so-called caravan of migrants marching on the U.S. border at Tijuana, then attempting to storm their way across on live television, Democrats in Congress are still not convinced. The wall to the left is now the hallmark of racism, and besides, a mere fence will suffice just fine, according to their experts who, incidentally, are never named. So Tucker Carlson went out in search of someone with real-world experience l David Rubin, the former mayor of Shilo, Israel. SUPPORT OUR SPONSORS: - Noble Gold - Better grab some rolls of these beautiful Morgan Silver Dollars before they are gone. Go to: https://HistoricSilverCoins.com and enter promo code Bill Still to save $5 per coin. -- Virtual Shield VPN - the easiest way to create a home VPN. It takes me 4-5 seconds each morning to get my Virtual Shield up. Go to: https://www.virtualshield.com/billstill - Trade Genius Academy. It pays for itself. See their Black Friday Specials at: https://www.TradeGeniusAcademy.com - Patriot Flashlight, http://www.patriotflashlight.com/ Apply Coupon: Still20 for an additional 20% discount - Cheap Cable TV - Call 1-888-742-8847. Click now: https://CheapCableTV.com - Ray Mikelonis, an independent representative of plant-based products which have been scientifically proven to naturally increase the number of adult stem cells in your body. CLICK HERE: https://BillStill.com/StemCell The Crypto Advisors, buy, sell, invest, safeguard cryptocurrencies such as Bitcoin. Call 888-844-7806, or visit online at: www.TheCryptoAdvisors.com -Jeevy Computers: Move up to business-level computer protection.800-844-8613 http://jeevycomputers.com/pcs/ Still Report BTC address: 18Ky2c3CgPY3eu5N7ySoM3X6NjgEAN2w4v Connect with me; Bill Still: newspaper editor/publisher, economics reporter - top US publications, authored 22 books, 4 documentary videos & daily host of this Y/T channel, THE STILL REPORT: https://plus.google.com/u/0/109353617116072656672 Get the word Out: Please LIKE, COMMENT & SHARE! Our website: http://www.billstill.com Considered by informed insiders as the ultimate resource for surviving economic or financial collapse/crash and attaining the unvarnished truth about the latest US and world news, current events in Washington, and todays United States political climate. Please Like, Comment & Share. Bill Still is a former newspaper editor and publisher. He has written for USA Today, The Saturday Evening Post, the Los Angeles Times Syndicate, OMNI magazine, and has also produced the syndicated radio program, Health News. He has written 22 books and two documentary videos and is the host of his wildly popular daily YouTube Channel the Still Report, the quintessential report on the economy and Washington. Connect with Bill Stil...
This is a paid sponsorship by: - Trade Genius Academy. It pays for itself. See their Black Friday Specials at: https://www.TradeGeniusAcademy.com Good evening, Im still reporting on: China Cuts Tariffs on Cars, 2473 Synopsis: In a huge win for President Trump, China has agreed to cut its steep tariffs on incoming U.S. vehicle imports. The news sent automotive stocks soaring in not only the U.S., but Japan, Korea and Germany as well. The deal would slash tariffs on US-made cars from 40% to 15%. Currently, the US charges a 27.5% tariff on Chinese-made imports. Apparently the deal was brokered by President Trump during trade talks with Chinese President Xi Jingping in Argentina a few days ago. It may signal a truce to the so-called trade war initiated by the President to bring into balance the gigantic trade inequity between the U.S. and China. The announcement also confirmed the Presidents last tweet on the topic, issued yesterday morning: Very productive conversations going on with China! Watch for some important announcements! This is huge news because Novembers decline in car sales in China added to the 5-month decline that may soon threaten the viability of Chinese manufacturers. SUPPORT OUR SPONSORS: - Noble Gold - Better grab some rolls of these beautiful Morgan Silver Dollars before they are gone. Go to: https://HistoricSilverCoins.com and enter promo code Bill Still to save $5 per coin. -- Virtual Shield VPN - the easiest way to create a home VPN. It takes me 4-5 seconds each morning to get my Virtual Shield up. Go to: https://www.virtualshield.com/billstill - Trade Genius Academy. It pays for itself. See their Black Friday Specials at: https://www.TradeGeniusAcademy.com - Patriot Flashlight, http://www.patriotflashlight.com/ Apply Coupon: Still20 for an additional 20% discount - Cheap Cable TV - Call 1-888-742-8847. Click now: https://CheapCableTV.com - Ray Mikelonis, an independent representative of plant-based products which have been scientifically proven to naturally increase the number of adult stem cells in your body. CLICK HERE: https://BillStill.com/StemCell The Crypto Advisors, buy, sell, invest, safeguard cryptocurrencies such as Bitcoin. Call 888-844-7806, or visit online at: www.TheCryptoAdvisors.com -Jeevy Computers: Move up to business-level computer protection.800-844-8613 http://jeevycomputers.com/pcs/ Still Report BTC address: 18Ky2c3CgPY3eu5N7ySoM3X6NjgEAN2w4v Connect with me; Bill Still: newspaper editor/publisher, economics reporter - top US publications, authored 22 books, 4 documentary videos & daily host of this Y/T channel, THE STILL REPORT: https://plus.google.com/u/0/109353617116072656672 Get the word Out: Please LIKE, COMMENT & SHARE! Our website: http://www.billstill.com Considered by informed insiders as the ultimate resource for surviving economic or financial collapse/crash and attaining the unvarnished truth about the latest US and world news, current events...
Over the past 48 hours, the Bitcoin price has stabilized at around $3,400 after dropping to a new yearly low at $3,210 on December 7. On a weekly basis, Bitcoin (BTC) is up six percent from $3,210 to $3,400 but the cryptocurrency market has lost $14 billion of its valuation against the U.S. dollar mostly Continued
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This is a paid sponsorship by: -- Virtual Shield VPN - the easiest way to create a home VPN. It takes me 4-5 seconds each morning to get my Virtual Shield up. Go to: https://www.virtualshield.com/billstill Good morning, Im still reporting on: Pelosi vs Trump Live WH Showdown, 2472 Synopsis:Yesterday, President Trump met with the incoming Speaker of the House of Representatives, Nancy Pelosi, and the incoming Senate Leader, Chuck Schumer in a bipartisan effort to hammer out a border security deal that would prevent a government shutdown. Its fascinating how Democrats talk about transparency, but never really try to do it. Trump does what he says. This is one of the most fascinating pieces of video Ive ever seen. SUPPORT OUR SPONSORS: - Noble Gold - Better grab some rolls of these beautiful Morgan Silver Dollars before they are gone. Go to: https://HistoricSilverCoins.com and enter promo code Bill Still to save $5 per coin. -- Virtual Shield VPN - the easiest way to create a home VPN. It takes me 4-5 seconds each morning to get my Virtual Shield up. Go to: https://www.virtualshield.com/billstill - Trade Genius Academy. It pays for itself. See their Black Friday Specials at: https://www.TradeGeniusAcademy.com - Patriot Flashlight, http://www.patriotflashlight.com/ Apply Coupon: Still20 for an additional 20% discount - Cheap Cable TV - Call 1-888-742-8847. Click now: https://CheapCableTV.com - Ray Mikelonis, an independent representative of plant-based products which have been scientifically proven to naturally increase the number of adult stem cells in your body. CLICK HERE: https://BillStill.com/StemCell The Crypto Advisors, buy, sell, invest, safeguard cryptocurrencies such as Bitcoin. Call 888-844-7806, or visit online at: www.TheCryptoAdvisors.com -Jeevy Computers: Move up to business-level computer protection.800-844-8613 http://jeevycomputers.com/pcs/ Still Report BTC address: 18Ky2c3CgPY3eu5N7ySoM3X6NjgEAN2w4v Connect with me; Bill Still: newspaper editor/publisher, economics reporter - top US publications, authored 22 books, 4 documentary videos & daily host of this Y/T channel, THE STILL REPORT: https://plus.google.com/u/0/109353617116072656672 Get the word Out: Please LIKE, COMMENT & SHARE! Our website: http://www.billstill.com Considered by informed insiders as the ultimate resource for surviving economic or financial collapse/crash and attaining the unvarnished truth about the latest US and world news, current events in Washington, and todays United States political climate. Please Like, Comment & Share. Bill Still is a former newspaper editor and publisher. He has written for USA Today, The Saturday Evening Post, the Los Angeles Times Syndicate, OMNI magazine, and has also produced the syndicated radio program, Health News. He has written 22 books and two documentary videos and is the host of his wildly popular daily YouTube Channel the Still Report, the quintessential report on the econo...
A Peak Inside The Worlds First Cryptographic Silver Monetary System Video KitCo News Kitco News own Daniela Cambone speaks with David Smith of LODE to explore how a new project attempts to tie silver to blockchain technology. Video Source
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This is a paid sponsorship by: - Noble Gold - Better grab some rolls of these beautiful Morgan Silver Dollars before they are gone. Go to: https://HistoricSilverCoins.com and enter promo code Bill Still to save $5 per coin. Good evening, Im still reporting on: Huge Court Win for Project Veritas, 2471 Synopsis: A huge court victory for Project Veritas. A federal appeals court in Massachusetts has ruled that it is not illegal for Americans to secretly record their public officials, including police while they are performing their duties as government employees. According to U.S. District Chief Judge Patti B. Staris a Massachusetts law banning so-called one-person recordings where only the person doing the recording knows the recording is being made violates First Amendment rights of news-gathering organizations when it comes to government employees performing their government duties. According to this evenings Washington Times, Judge Staris: ruled in favor of two sets of plaintiffs, one of which regularly livestreamed video of police officers performing their duties, and the other James OKeefe, whose Project Veritas specializes in catching public polcy figures saying embarrassing things. OKeefe called the ruling groundbreaking. The impact of this win will ripple throughout the nation. It will set historical precedent and keep citizen journalism alive in all fifty states. SUPPORT OUR SPONSORS: -- Virtual Shield VPN - the easiest way to create a home VPN. It takes me 4-5 seconds each morning to get my Virtual Shield up. Go to: https://www.virtualshield.com/billstill - Trade Genius Academy. It pays for itself. See their Black Friday Specials at: https://www.TradeGeniusAcademy.com - Patriot Flashlight, http://www.patriotflashlight.com/ Apply Coupon: Still20 for an additional 20% discount - Cheap Cable TV - Call 1-888-742-8847. Click now: https://CheapCableTV.com - Ray Mikelonis, an independent representative of plant-based products which have been scientifically proven to naturally increase the number of adult stem cells in your body. CLICK HERE: https://BillStill.com/StemCell The Crypto Advisors, buy, sell, invest, safeguard cryptocurrencies such as Bitcoin. Call 888-844-7806, or visit online at: www.TheCryptoAdvisors.com -Jeevy Computers: Move up to business-level computer protection.800-844-8613 http://jeevycomputers.com/pcs/ Still Report BTC address: 18Ky2c3CgPY3eu5N7ySoM3X6NjgEAN2w4v Connect with me; Bill Still: newspaper editor/publisher, economics reporter - top US publications, authored 22 books, 4 documentary videos & daily host of this Y/T channel, THE STILL REPORT: https://plus.google.com/u/0/109353617116072656672 Get the word Out: Please LIKE, COMMENT & SHARE! Our website: http://www.billstill.com Considered by informed insiders as the ultimate resource for surviving economic or financial collapse/crash and attaining the unvarnished truth about the latest US and world news, current...
Bitcoin price struggled to gain pace above $3,475 and retreated against the US Dollar. BTC remains at a risk of more declines below the $3,250 support level.
Recently, bitcoin price started a short term upside correction from the $3,295 low against the US Dollar. The BTC/USD pair traded above the $3,400 resistance and the 100 hourly simple moving average. Besides, there was a break above the 23.6% Fib retracement level of the last decline from the $3,635 high to $3,295 low. The price succeeded in clearing a major bearish trend line with resistance at $3,400 on the hourly chart.
However, buyers struggled to clear the $3,475 and $3,485 resistance levels. A short term top was carved near $3,485. It seems like the price was rejected near the 50% Fib retracement level of the last decline from the $3,635 high to $3,295 low. It broke an ascending channel with support at $3,405 on the same chart. There was also a close below the $3,400 level and the 100 hourly SMA. The current price action suggests that the price may decline towards the $3,295 low or the $3,250 support. If sellers remain in action, the price could decline to a new weekly low below $3,240.
Looking at the chart, bitcoin price may continue to trade in a range below $3,475. It could either bounce back from $3,295 or break the $3,250 support for an extended decline.
Looking at the technical indicators:...
Good evening, Im still reporting on: Julian Assange Rejects Offer to Leave Embassy, 2470 Synopsis: Today in London, Julian Assange rejected a deal that would allow him to leave the Ecuadorian embassy in for the first time in six years because he still fears extradition to the United States. At issue seems to be Assanges fear that the U.S. Justice Department has filed a secret arrest warrant for him as was inadvertently revealed last month in a court filing in Federal Court in Alexandria, Virginia. Assange has been under investigation since 2010 for publishing thousands of classified reports on the war in Afghanistan. SUPPORT OUR SPONSORS: - Noble Gold - Better grab some rolls of these beautiful Morgan Silver Dollars before they are gone. Go to: https://HistoricSilverCoins.com and enter promo code Bill Still to save $5 per coin. -- Virtual Shield VPN - the easiest way to create a home VPN. It takes me 4-5 seconds each morning to get my Virtual Shield up. Go to: https://www.virtualshield.com/billstill - Trade Genius Academy. It pays for itself. See their Black Friday Specials at: https://www.TradeGeniusAcademy.com - Patriot Flashlight, http://www.patriotflashlight.com/ Apply Coupon: Still20 for an additional 20% discount - Cheap Cable TV - Call 1-888-742-8847. Click now: https://CheapCableTV.com - Ray Mikelonis, an independent representative of plant-based products which have been scientifically proven to naturally increase the number of adult stem cells in your body. CLICK HERE: https://BillStill.com/StemCell The Crypto Advisors, buy, sell, invest, safeguard cryptocurrencies such as Bitcoin. Call 888-844-7806, or visit online at: www.TheCryptoAdvisors.com -Jeevy Computers: Move up to business-level computer protection.800-844-8613 http://jeevycomputers.com/pcs/ Still Report BTC address: 18Ky2c3CgPY3eu5N7ySoM3X6NjgEAN2w4v Connect with me; Bill Still: newspaper editor/publisher, economics reporter - top US publications, authored 22 books, 4 documentary videos & daily host of this Y/T channel, THE STILL REPORT: https://plus.google.com/u/0/109353617116072656672 Get the word Out: Please LIKE, COMMENT & SHARE! Our website: http://www.billstill.com Considered by informed insiders as the ultimate resource for surviving economic or financial collapse/crash and attaining the unvarnished truth about the latest US and world news, current events in Washington, and todays United States political climate. Please Like, Comment & Share. Bill Still is a former newspaper editor and publisher. He has written for USA Today, The Saturday Evening Post, the Los Angeles Times Syndicate, OMNI magazine, and has also produced the syndicated radio program, Health News. He has written 22 books and two documentary videos and is the host of his wildly popular daily YouTube Channel the Still Report, the quintessential report on the economy and Washington. Connect with Bill Still: https://www.youtube.com/user/bstill3 https://plus.g...
Password management and crypto custody company Dashlane yesterday announced the third edition if its annual Worst Password Offenders list, with cryptocurrency investors sitting at number three on the list. The purpose of the tongue-in-cheek ranking is to highlight password-related mistakes made by high profile individuals and organisations so as to sensitise the public about best Continued
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The total crypto market cap moved higher recently above a key resistance. Bitcoin, Ethereum and altcoins like EOS, Tron (TRX) and Cardano (ADA) may perhaps climb higher in the near term.
Bitcoin cash price failed to stay above the $100 level and it recently declined more than 3%. BCH/USD traded towards the $98 support and it is currently consolidating losses. If there are more losses, the price could test the $95 support in the near term.
On the upside, the price must gain strength above the $100 and $105 resistance levels. Above $105, the next key resistance for buyers is near the $110 level.
After a sharp decline, EOS price found support near the $1.50-1.60 area. Later, the price recovered above $1.75, but it seems to be struggling near the $1.95 and $2.00 resistance levels. Today, it climbed around 3.5%, but a break above $2.00 is needed for a sustained bullish bias.
Tron price surprisingly remained confined in a tight range above the $0.0130 support. Buyers are struggling to break the $0.0135 level and sellers are finding it difficult to break the $0.0130 support zone.
Cardano price survived and moved back above the $0.0300 resistance. ADA price is currently up around 2.5% and it could continue to move higher towards the $0.0310 and $0.0315 resistance levels.
Zebpay, formerly one of Indias largest cryptocurrency exchanges, has launched in Europe. Euro deposits, withdrawals, and trading are now live in 21 countries. While the exchange is not accepting new registrations from India, existing users can continue to use its wallet app.
Zebpay announced on Tuesday that its European exchange is now live. We have recently expanded our global footprints in Europe with our exchange and wallet enabling crypto-to-crypto trading, the company wrote, adding:
We are live with euro deposits/withdrawals and trading in 21 countries (Malta, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Netherlands, Poland, Portugal, Slovenia, Sweden, Austria) in Europe for users and corporate...
Ripple price is showing a few positive signs against the US Dollar and Bitcoin. XRP/USD could dip slightly before an upward move towards the $0.3100 and $0.3150 levels.
After forming a support near the $0.2920 level, ripple price traded higher against the US Dollar. The XRP/USD pair broke the $0.2980 and $0.3000 resistance levels to move into a positive zone. There was even a break above the 50% Fib retracement level of the last slide from the $0.3180 high to $0.2916 low. Moreover, there was a break above the $0.3060 resistance and the 100 hourly simple moving average.
Besides, this weeks important bearish trend line was breached with resistance at $0.2980 on the hourly chart of the XRP/USD pair. It cleared the path for more gains and the price traded close to the $0.3100 level. A high was formed at $0.3090 and later the price retreated lower. It recently traded below the 50% Fib retracement level of the recent wave from the $0.2916 low to $0.3090 high. On the downside, there are many supports near the $0.2980 and $0.2940 levels. Therefore, if the price dips from the current levels, it may find bids above $0.2920.
Looking at the chart, ripple price is likely to resume its upward move above $0.3060 as long as it is above $0.2920. The main resistance levels on the upside are $0.3090 and $0.3100, followed by the $0.3150 area.
Looking at the technical indicators:...
Culturally broken? A frustrated crypto entrepreneur argues 2018 was a money grab filled with broken promises.
1.00 AUD = 0.00021 BTC
0.00100 BTC = 4.75 AUD
Major algorithmic stablecoin project Basis to shut down operations and return the majority of the $133 million it raised in April, sources report
Ethereum price failed to extend gains and declined against the US Dollar and bitcoin. ETH/USD might continue to face sellers near the $90 and $92 resistances.
There was a decent support formed near $95 in ETH price against the US Dollar. The ETH/USD pair started a short term upside correction and traded above $88 and $90. There was a break above the 23.6% Fib retracement level of the last slide from the $98 high to $85 low. However, the failed to gain pace above the $90 level and the 100 hourly simple moving average.
The price was rejected near the 50% Fib retracement level of the last slide from the $98 high to $85 low. Moreover, this weeks followed important bearish trend line is active with resistance at $90 on the hourly chart of ETH/USD. The pair retreated from the $91-92 zone and declined below the $90 level. At the moment, it seems like the price may continue to decline towards the $85 support level. If there is a downside extension, the price could revisit the $82 support zone. On the upside, a close above the $92 level and the 100 hourly SMA is needed for a bullish break.
Looking at the chart, ETH price is clearly trading near a major turning point above $82 and $85. If it fails to climb higher, it could even break $82 and drop towards the $75 support level.
Hourly MACD The MACD has moved back in the bearish zone.
On Wednesday Dec. 12, Japanese cryptocurrency exchange Bitpoint announced the launch of a crypto-to-fiat trading platform in Panama. The regulatory-compliant exchange will offer USD pairs with top cryptocurrencies like bitcoin cash, ethereum, bitcoin core, litecoin, and ripple.
Bitpoint is a licensed cryptocurrency exchange operator headquartered in Tokyo that has just announced the companys first international expansion in Latin America. It already operates trading platforms in five Asian countries and the latest exchange is called Bitpoint Panama. The Japanese firm has detailed that citizens of Panama as well as corporate entities within the region can use the exchange. Mea...
Two pro-crypto members of the French Parliament (Parlement franais) want the country to invest up to 500 million euros in blockchain programs to elevate France as a blockchain nation. Deputies Jean-Michel Mis and Laure de La Raudire released a report on Dec. 12 outlining 20 proposals to support the development and mainstream adoption of blockchain, Continued
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12 new organizations have joined the blockchain initiative Hyperledger, including Alibaba Cloud, Citi and Deutsche Telekom, among others
A blog post from the University of Oxford Faculty of Law notes the possible precedent for lost and stolen crypto claims following a recent trial in Canada
Circles Invest app now providers users the ability to buy Bitcoin SV (BSV), according to a tweet from the company this morning. CCN verified that BSV is available in the application as of its latest version. The application has over 50,000 installations on the Google Play store, making it significantly less popular than Coinbase, which Continued
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Google has just published its annual Year in Search query statistics for 2018 and the biggest question of last year was What is Bitcoin? According to Google Trends, searches for the term Bitcoin have declined rapidly since 2017, but web users querying its definition led internet searches last year.
In 2017, one of the biggest terms searched on Google was Bitcoin as the price rose significantly throughout the whole year. However, following all-time highs, bitcoin prices declined exponentially in 2018, losing roughly 80 percent of the gains captured up until Dec. 17, 2017. With the price decline in 2018, interest in the technology also lost momentum, as reflected in waning Bitcoin Google searches. There was one cryptocurrency related query that topped Googles Year in Search results for 2018 however and that was: What is Bitcoin?...
According to SamMobile, the biggest online Samsung community, the electronics giant is planning to integrate a cold wallet system into its upcoming Galaxy 10. Adnan Farooqui, the senior executive editor at SamMobile, wrote: After hearing about the trademarks for Samsungs blockchain and cryptocurrency software, we decided to dig around a little deeper. We can confirm Continued
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A U.S. federal court has ordered the founders of crypto startup AriseBank to pay $2.7 million for allegedly defrauding hundreds of investors in its Initial Coin Offering
According to statistics published in Diar, stablecoins have seen more than 1000% increased transaction activity on-chain since September. This is not to speak to the massive volume at which they are traded internally on crypto exchanges, which numbers in the several billions per day. The statistics are a change from previous times when the majority Continued
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The Lightning Network (LN) is a second-layer protocol that was long promised as a solution to BTCs scalability problem. However, the off-chain system is still very far from being able to support actual commence according to a new review by business management technology company Scipio ERP.
A major Ethereum software client, Geth, has released a code upgrade that includes an activation time for the Constantinople hard fork in January 2019
The auto industry is betting big on blockchain. In fact, a whopping 62% of auto executives say the technology underpinning bitcoin will be a disruptive force in the industry by 2021. Moreover, 95% of carmakers plan to make moderate to significant blockchain investments over the next three years, according to a report by the IBM Institute Continued
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Venezuela has reportedly begun automatically converting residents' pensions into its controversial cryptocurrency.
Razer, the multi-billion-dollar gaming equipment manufacturer, released a new program that allows gamers to easily utilize their idle GPUs to mine cryptocurrency. The catch to this seemingly simple program, however, is that users dont actually get to keep the cryptocurrency they mine.
The new program, called SoftMiner, allows PC users to utilize their expensive GPUs while they are not using their computers, whether that be while they are at school, sleeping, or at work, and in exchange Razer rewards them with something called Razer Silver.
The San Francisco and Singapore-based tech company announced the program in a tweet earlier this morning, marketing their new program as a way to earn rewards for doing nothing at all.
Have a gaming rig on idle at home? Heres a new way to score Razer Silver: launch Razer SoftMiner on your PC and start racking up Silverone step closer to the reward you want, for doing nothing at all.
Once the software is downloaded, it will automatically activate the PCs GPU when the computer is not in use and will disburse Razer Silver rewards depending on how much cryptocurrency is mined over a set period of time. Razer has not specified which cryptocurrency will be mined.
Although SoftMiner seems like a simple way for users to obtain rewards points that can be exchanged for coveted Razer rewards like our latest peripherals, games, discount vouchers, and more, users could run mining software themselves and cash out their cryptocurrency for fiat currency.
Razer claims that with the proper set-up, users can generate up to 500 Razer Silver credits per 24-hour period, which basically amounts to $1.67 per day worth of rewards based on a $5 Razer reward costing 1,500 credits.
The comments on the Raz...
IOHK, a leading blockchain research and development firm, announced two tools developed by a world-leading team for writing smart contracts for the Cardano blockchain. The apps are called Plutus and Marlowe and were launched in test format at the first PlutusFest conference in Edinburgh, Scotland. These powerful tools will enable start-ups, the financial services and Continued
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The SEC has settled charges with AriseBank's former CEO and COO, requiring the two to pay $2.7 million in disgorgement and $187,000 in penalties.
The head of one of Europes largest asset managers, Allianz Global, has called for global regulators to outlaw crypto assets. The outburst from CEO Andreas Utermann came during a panel discussion in London.
Allianz Global Investors chief Andreas Utermann called for cryptocurrencies to be banned on Tuesday during a panel discussion. You should outlaw it, he is reported to have told regulators.
Utermann, who previously worked at Merrill Lynch Investment Managers, went on to say that he was personally surprised regulators havent stepped in harder and that cryptocurrencies had wiped out peoples savings, Reuters...
Crypto markets are seeing modest gains, with all the top 20 coins trading in the green today
The bitcoin price on Wednesday jumped as high as 4.65 percent from its opening price and established an intraday high at $3,488. The BTC/USD rate is now trading at 3440-fiat on the Coinbase exchange, coupled with a notable rise in daily volatility. The pair on December 7 established its yearly low at 3210-fiat, after which Continued
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Just days after been named the hottest download on the iOS application store, Squares cryptocurrency-friendly Cash App has risen to the top of another chart. This time it has been named as the most downloaded financial application on the other leading operating systems app store, Google Play.
Although obviously quite impressive in its own right (the Cash App is currently being downloaded more than offerings from competitors PayPal and Venmo), the news is all the more exciting because of Squares fondness of all things cryptocurrency. The app not only offers Bitcoin buying and selling but is also headed by digital currency perma-bull Jack Dorsey.
It was only yesterday that NewsBTC reported on the Square Cash app rising to the top of the most downloaded applications on the Apple iOS store. The news first broke by way of a Twitter announcement from the companys cryptocurrency specialist, Miles Suter:
Miles Suter (@WahWhoWah) December 8, 2018
Fresh on the back of this news, we have a very similar story, first reported by Breaker. This time it involves Squares Cash App making it to the top of the Google Play Store for financial applications. Whilst not quite as impressive as being the overall number one downloaded application on the iOS platform, it is still exciting news for all those with a vested interest in Bitcoins widespread adoption.
Since Square is owned by one of the most vocal proponents of cryptocurren......
A Canadian trial court has ruled that a sum of mistakenly transferred Ethereum tokens should be returned to the rightful holder
Churchs Chicken, an international fast-food franchise known its hand-battered fried chicken, has reportedly partnered with Dash Venezuela to become the first fast-food franchise to accept cryptocurrencies throughout its locations in Venezuela. According to a press release, a strategic alliance between Dash Venezuela and Churchs Chicken Venezuela will see 13 establishments start accepting the privacy-centric cryptocurrency Continued
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Hyperledger has added 16 new members, including Deutsche Telekom, Europe's biggest telecommunications provider and Alibaba's cloud computing subsidiary.
Japanese prosecutors are seeking a 10-year jail term for Mark Karpeles, the former CEO of Mt. Gox. The embattled Frenchman, who has been previously accused of diverting company money for prostitutes, business acquisitions and luxury items, is facing charges of transferring $3 million of client funds to his own account for investment in a software development business.
According to prosecutors, Mark Karpeles falsified Mt. Goxs trading system to make customer balances appear healthier than they in fact were. He also acted in violation of the countrys corporate law, Japanese daily The Mainichi reported on Dec. 12.
Bitcoin was able to bounce after yesterdays downturn, leading the entire cryptocurrency market to trade up. The latest move up may validate the support levels that multiple cryptocurrencies respected yesterday as mid-term bottoms.
At the time of writing, Bitcoin is trading up nearly 3% at its current price of just over $3,500. Bitcoin appears to have established the $3,400 region as a level of support, as its price failed to break below this level during yesterdays market turbulence.
Despite the markets recent bubble seeming to be unprecedented, one analyst claims that there is nothing unique about the crypto bubble, and that similar movements have been seen before in multiple other markets throughout history.
While speaking to MarketWatch, Russ Mould, the investment director at AJ Bell, noted that mania is what drove the crypto markets to their all-time-highs, and the fundamentals are what dragged them down to their current levels.
This brutal bear market looks like so many that we have seen before across a wide range of asset classes. A succession of rallies have tempted true believers and speculators alike to hold on, or even dive in again, only for those surges to become vicious bear traps, leaving holders of the cryptocurrency facing deeper and deeper losses, he said
Mould further explained that similar bubbles have occurred in the dot com industry in the late-1990s, and in the Nasdaq Composite, which crashed and then attempted multiple rallies, with at least eight of them failing and dragged investors deeper into the mire before the benchmark bottomed in March 2003 after a top-to-bottom loss of 75%.
The Nasdaq Composite, after peaking in March of 2000 due to its high amount of tech holdings, didnt recover back to those price levels until April of 2015. Mould insinuated that Bitcoin could see a similar trend, saying that even if bitcoin is over the worst, it may be a long road for those...
While the current fall is a good buying opportunity, traders should not expect a vertical rally. Lets consult the charts
According to a local Romanian news outlet Ziar de Cluj and others, Vlad Nistor the CEO of Romania-based Bitcoin exchange CoinFlux has been detained on behalf of the US government and is awaiting extradition. He was arrested in the city of Cluj-Napoca on Tuesday, according to another outlet. The crypto exchange has not disclosed Continued
The post Romania: Bitcoin Exchange CEO Vlad Nistor Arrested for Money Laundering, May Face US Extradition appeared first on CCN
German blockchain startup Bitwala has launched crypto banking in Germany.
4 million (roughly $4.5 million) from VC firms Earlybird and
Coparion in September of 2018 to develop a crypto banking solution,
the company has allegedly amassed a waiting list of 30,000
Bitwala's new banking solution, which it claims was built to "close the gap between crypto and traditional banking, was developed in partnership with local fintech startup SolarisBank, which has a banking license and is fully regulated by the German financial regulatory authority Federal Financial Supervisory Authority (BaFin) and the European Central Bank (ECB).
With the launch of this new banking solution, users would be able to manage "both Bitcoin and Euro deposits in one place with the safety and convenience of a German bank account."
The accounts would also come with the usual perks that accompany bank accounts like a debit card, as well as a bitcoin wallet with added functionality to swap between bitcoin and the euro freely.
We built the new account putting our customers first. No longer do you have to wire your liquidity to separate exchange accounts with frail fund protection measures outside of Germany. No longer do you have to accept excessive fees for trading. Trading with Bitwala is fast and reliable and our pricing highly competitive, Bitwalas chief technical officer and co-founder, Ben Jones, said in a statement.
The announcement didn't give details on the cost for running the bank account, but a 1 percent fee will be applied for every bitcoin trade. It also remains to be seen if other crypto assets will be included in the future, and the announcement didnt specify where the service would source its pricing data for trading.
All fiat deposits of up to 100,000 are insured by the German
Deposit Guarantee Scheme (DGS). But while the fiat is protected to
a certain degree, there were no indications on the insurance of the
Bitwala has begun on-boarding proceedings for the thousands of users who had pre-registered to use the service and will be accepting new users over the coming days.
This article originally appeared on Bitcoin Magazine...
A new program to set up Lightning Network micropayments,
tippin.me, has recently entered beta
The developer for this project described some of its details on a Reddit thread to the r/Bitcoin subreddit. The dev says that it allows you to receive tips (micro-payments) over the Lightning Network, anytime, anywhere, without needing a LN node, by means of a simple web custodial wallet.
Upon signup, tippin.me gives you a personal tippin' link to be shared that contains a fresh QR Invoice with an undefined amount to be paid. If anyone sends you money to that QR Invoice, this amount will appear in your tippin.me dashboard. The overall plan is for people to share it to receive tips across webs, blogs, patreons, forums, etc. using Lightning Network.
It should be noted that, since payments must be routed through the program, the wallet is custodial. If youre going to use it, youre temporarily trusting your funds to the developer, so some might find it less secure than a trustless, non-custodial solution.
The project is still in beta and, as a result, it hasnt been adopted by or extended to blogs, forums or other third-party platforms. However, the developer claimed that such functionality can be implemented later down the line if there is sufficient demand.
Shortly after the projects announcement, the lone, semi-anonymous developer announced that the website was operational, as his personal contribution to push Lightning Network adoption.
The Lightning Network has attracted a large level of interest from the crypto space for its ability to send micropayments over the Bitcoin Network and tackle the blockchains latency and scalability issues. The developer of tippin.me claimed that he is doing it for free, with no support, and on [his] own servers, with the express purpose of streamlining Lightning's adoption. Additionally, he later announced a free airdrop of 500 satoshis to the first 500 users to request it, all using the Lightning Network.
The project is in beta currently, and it is unclear where exactly the roadmap will g...
At the December 7, 2018, TenX Summit, a group of developers
showcased an industry first: an atomic swap between a non-native
asset, TenXs PAY token, and a native asset, bitcoin.
By non-native, the team is referring to an asset/coin that is not the base currency for the network. For Ethereum, for example, the native asset is ether, while any token that is built on the protocol is considered a non-native asset.
CoBloX, a TenX research and development lab, is responsible for the achievement. Demonstrating their work to a tightly packed audience of summit goers, the team used the Lightning Network and their proprietary software COMIT to swap 10 PAY for 71,240 satoshis. The team published a blog post on December 12, 2018, to confirm the news and satify what it calls the gossip factory of he-said-she-said following the summit.
In the post, the team delves into their process, explaining outright that this swap was not as simple as the first-ever ether and bitcoin atomic swap they tested nearly six months ago. Whereas this swaps hashed time lock contract (HTLC) only required a single use smart contract, the PAY to bitcoin swap took an extra step.
Reason being, the PAY token itself is managed with an additional smart contract known as the transfer ownership function. Because of this, the HTLC had to be separated into two transactions: one to deploy the swap contract and another as a transfer call for the PAY tokens.
Unfortunately, we couldnt figure out how to combine these two steps. The ERC20 transfer function uses msg.sender for authentication. However, calling transfer from a contract deployment sets msg.sender to the address of the yet-to-be-deployed contract which obviously has no tokens, the blog post reads....
Over the last couple of weeks, the Bitcoin Cash (BCH) community has been talking fervently about zero-confirmation transactions and a new pre-consensus mechanism called Avalanche. On Monday, Openbazaar developer Chris Pacia published a comprehensive description of the pre-consensus protocol that could theoretically bolster secure zero-confirmation BCH transactions.
About a year ago, Google searches for Bitcoin surpassed searches relating to Donald Trump. Now that Google has published its 2018 year-in-review of search terms, What is Bitcoin is among the top questions that people are asking Google, at least in the US. Last year, the largest cryptocurrency ranked in two categories globally, both in Continued
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Russias cryptocurrency draft bill will not be edited in any significant way, according to deputy prime minister of Russia Maxim Akimov
Former Mt. Gox CEO Mark Karpeles has run into trouble in the
Japanese legal system, and prosecutors are pursuing a 10-year jail
sentence for alleged embezzlement during his tenure at
According to a local Japanese news outlet, Karpeles is under indictment for embezzling 341 million yen ($3 million USD) of customer funds into his own personal account. The indictment apparently also alleges that Karpeles manipulated data on his company's trading system to pad the balance.
As Mt. Gox was based in Tokyo, it has been the responsibility of the Japanese legal system to prosecute Karpeles, just as it placed Mt. Gox into bankruptcy proceedings in 2014. By the end of the companys shutdown, theyd lost 48 billion yen worth of bitcoin and 2.8 billion yen in fiat. Karpeles has claimed that such losses were due to a hack.
Mark Karpeles is a notorious name in the crypto space, a long-term player who has been involved with some of the most infamous business ventures of bitcoins first major price spike. In Mt. Goxs heyday in 2013, it was the largest functional crypto exchange.
In addition to his stewardship of Mt. Gox, of particular note to Karpeles career is his alleged bankrolling of the Silk Road, the now-defunct darknet marketplace. As federal agents began trying to take down the website for narcotics trafficking violations, agents on the case directly notified Karpeles who was able to cover his involvement.
Now, however, Karpeles seems to have run into more direct legal trouble. In Tokyo, prosecutors alleged that the French-born Karpeles diverted company funds to such uses as investing in a software development business for personal interest" and "played a great role in totally destroying the confidence of bitcoin users."
In response to this, Karpeles pleaded innocent to these charges in July 2017, saying during his first hearing that I swear to God I am not guilty. The trial is apparently set to move forward in the immediate future, with unclear prospects for Karpeles.
This article originally appeared on...
In the Netherlands, cryptocurrency service providers will soon be required to obtain a license issued by the Dutch central bank
Russias Parliament will discuss a bill on blocking suspicious financial websites including those relating to financial pyramids that may cover scam ICOs
IBM Research teams up with U.S.-based agritech firm Hello Tractor to boost the African agriculture industry with blockchain and AI
Another major cryptocurrency exchange has announced that they deem recent the recently created Bitcoin ABC to be the true Bitcoin Cash. Hong Kong-based OKEx will relist the digital currency under the original Bitcoin Cash ticker, BCH.
The announcement is the latest example of a large trading venue deciding similarly. Previously, both Winklevoss twins-founded Gemini and Coinbase have expressed support for the Bitcoin ABC chain over the Satoshis Vision side of the fork.
According to a report in RTT News, the digital currency exchange OKEx has decided to change the ticker listed for Bitcoin ABC to the original Bitcoin Cash one, BCH. Previously, the major trading venue had the recently created crypto coin listed as BCHABC.
Meanwhile, the opposing side of the November 15 hard fork, known as Bitcoin Satoshis Vision, has also been relisted. Before todays announcement, the exchange referred to this newly created coin as BCHSV. It will now use the simpler ticket, BSV.
In addition to the relistings, OKEx will be suspending spot trading for either side of the original Bitcoin Cash chain. In a statement reported by RTT News, the company said that the remaining balances of the original BCH would be settled, prior to the removal of the asset from accounts. Spot trading for both the new BCH and BSV is expected to resume two hours after it initially goes offline.
As the newly crowned largest exchange on the planet by trading volume, OKEx has great influence over the public perception of different digital currencies. NewsBTC reported earlier today that the Hong Kong-based trading venue is one of only four that has managed to retain more than 100,000 active users.
Additionally, OKEx was one of the most active exchanges for Bitcoin Cash trading. This makes the exchanges policy towards both sides of the fork all the more important. With such a...
Cryptocurrency banking provider Bitwala has started offering its banking service to cryptocurrency users in Germany, starting with 40,000 pre-registered customers. A spokesperson for the company has shared details with news.Bitcoin.com about this new service which will soon add support for additional countries and cryptocurrencies.
Bitwala announced on Wednesday, Dec. 12, that it has started offering banking service to cryptocurrency users. New users along with the 40,000 pre-registered customers will be onboarded one after the other based on their waitlist place, the announcement read.
The most potential use case of bitcoin today is the store of value. But an analyst thinks otherwise. Stephen Innes, head of Asia Pacific trading at Oanda, a New York-based forex firm, believes that the worlds leading digital currency is due for another drop because it hasnt provided the world a significant use-case yet. The Bitcoin Continued
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Geth has locked ethereum's upcoming Constantinople hard fork into its latest code release.
With crypto still being years away from being widely adopted by the mainstream public, most of the markets activity is driven by speculators and traders seeking to leverage the wild price swings and volatility in order to turn a profit.
However, new research data shows that the actual active users on top cryptocurrency exchanges is extremely low, with only four of the most active exchanges having over 100,000 active users.
According to the November 2018 research report from the Blockchain Transparency Institute, only four of the top crypto exchanges can claim having over 100,000 active daily users.
Related Reading | Binance Boss Predicts Crypto Bull Run By Years End
Of the four exchanges, Coinbase leads the pack with 422,000 daily active users, with Binance trailing behind in second place with 313,000 daily active users. OKEx and Huobi barely made it over 100,000 daily active users, with 105,000 and 101,000 respectively.
Out of the 68 crypto exchanges included in the Blockchain Transparency Institutes report, the average daily active users across all exchanges is a mere 27,000 users. On the absolute lowest end of the spectrum, Bisq, Coinrail, Kyber Network dont even have 1,000 active daily users, topping out at 394, 573, and 874 users.
Coinbase coming out on top should be a surprise to no one, as the company has become the most recognizable name in crypto especially to retail investors that primarily used Coinbases iOS app to purchase c...
Canadian city of Calgary creates Calgary dollar, allows holders to pay for local goods and services
A crypto exchange will be launched in the first half of 2019 due to the collaboration between SolarisBank and the Stuttgart Exchange Group
The CEO of Allianz Global Investors, an investment management firm with $595 billion in assets under management, has called for crypto assets to be outlawed
Gamers invest considerable sums in the GPU chips that power their computers. However, even the most hardcore Fortnite player will leave his or her gaming rig on idle for a significant chunk of each day while they go to work, attend school, or at the very least sleep. Hardware manufacturer Razer says that Continued
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Chinese tech giant Tencent has opened its payment platform on WeChat for electronic blockchain invoices Shenzhen, Guangdong Province
On December 7, Coinbase, a leading crypto-to-fiat exchange, announced it is exploring 31 crypto assets to integrate into its exchange. One of the cryptocurrencies the exchange has been looking into is Ripple (XRP), the second most valuable asset in the cryptocurrency market with a market valuation of over $12 billion. Although Coinbase expressed its intent Continued
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The Netherlands is seeking to regulate cryptocurrency companies, supposedly in a bid to prevent money laundering and alleged terrorist financing. All virtual currency businesses will now be required to obtain an operating license from De Nederlandsche Bank, the countrys central bank, under draft legislation designed to prevent crypto assets such as BTC from being used for criminal activities.
Bitcoins disruptive nature has often landed it in the crosshairs of a controlling global regulatory system, which is steeped in tradition. The decentralized and censorship-resistant cryptocurrency has been accused of many crimes, including being used by criminals to launder money, evade tax and fund terrorist activities throughout the world.
Today, the initial coin offering (ICO) market has pain written all over it. A once-popular mechanism, used by blockchain startups to raise funds using crypto to develop their products, lured speculators into investing billions of dollars for their native tokens. However, a majority of these startups either turned out to be scams or purely incompetent when it came to delivering the product. This is what initiated the massive crypto crash in 2018.
As investors continued to lose money, trust in new ICO projects also started fading. ICO Data, an ICO data aggregator, in September published a study which revealed that more than half the blockchain startups launched in 2018 failed to raise funds. Their data chart further shows that investment in new ICO projects is falling every month.
Mike Novogratz, former Goldman Sachs partner who now runs a crypto merchant bank dubbed as Galaxy Digital Holdings, recently told Bloomberg that the ICO market is pretty much dead right now.
There was a lot of fraud, and there was a lot of hype, and people lost money, stated Novogratz. The Securities and Exchange Commission (SEC) was behind the curve, so they slammed on the brakes.
But the SEC doesnt want to kill this innovation; weve spoken to them at length, he added.
Novogratz believed that the ICO market is in the process of detoxifying itself, especially after an increase in scrutiny and crackdowns by the SEC. The bitcoin bull stated that the ICO market would undergo a complete overhaul before reappearing as a more compliant space to work in.
I think youll see a market for security tokensa real estate portfolio that gets tokenized, for example, he explained...
Indias telecom regulator and major telecom firms have completed blockchain pilots with IBM to improve mobile network data records
President of Monexs U.S. subsidiary TradeStation reveals the company will operate as a crypto exchange in U.S. starting in Q1 2019
An R&D lab at crypto startup TenX has demoed the use of its cross-blockchain interoperability protocol to transfer ERC20 tokens for Bitcoin using the Lightning Network
The man behind the Blockchain Terminal ICO has been ousted as a convicted financial criminal who concealed his former identity from employees and investors alike
Despite this years prolonged cryptocurrency market decline, many mainstream financial institutions and wealth managers have continued to explore how to make this nascent asset class more accessible to their clients. Firms such as Goldman Sachs and Fidelity are building crypto custody products, while exchange giants Intercontinental Exchange (ICE) and Nasdaq are focusing on futures trading. Continued
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Whales have long dominated the crypto world, influencing short-term prices in a matter of moments. Now, everyday traders can share their intelligence #SPONSORED
BlockFi, a startup that offers U.S. dollar loans against crypto collateral, has raised $4 million from Mike Novogratz's Galaxy Digital and others.
A new investigation will see personal tax requests for several thousand Danish Bitcoin traders
The Financial Action Task Force (FATF) revealed that crypto exchanges operating in the United Kingdom pose low money laundering (ML) and terrorist financing (TF) risks. The global standard setter for ML/TF published a report to evaluate the overall efforts that the UK has put in combating the money-related illegal activities. As the study touched on Continued
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The CEO and global CIO of Allianz's investment arm has said cryptocurrencies should be banned by regulators.
Bitcoins disintermediation and fintechs are of critical concern to the Nigeria Deposit Insurance Corporation, according to its director
In todays edition of The Daily we cover another
cryptocurrency venue that now requires verification from traders,
the latest exchange to update the BCH ticker since the recent hard
fork, a new solution for reporting crypto taxes for cannabis
merchants, and a new way in which founders are demonstrating
commitment to their crypto businesses.
London-based exchange CEX.io has notified its users that verification has now become mandatory for anyone wishing to trade on the platform. Holders of unverified accounts will have to choose between...
My midweek morning train reads: PolitiFacts Lie of the Year: Online smear machine tries to take down Parkland students (Polifact) Yep, Bitcoin Was a Bubble. And It Popped. (Bloomberg) A Surprising Push By The Invisible Hand: Why More Companies Are Doing Better By Being Good (Forbes) Moneyball: was the book that changed baseball built on a false premise?
Currently, when crypto believers generalize every Wall Street banker to be a Bitcoin critic, a celebrated hedge fund manager and former Goldman Sachs executive changed his perception.
Mike Novogratz is a now a name beyond the mainstream finance, and perhaps among the only consistent voices speaking in favor of bitcoin even after its 80 percent-plus drop this year. The 54-year old financial veteran sat before Bloombergs Erik Schatzker recently to discuss how the crypto market crash impacted their ventures and how he remains confident about cryptos long-term potential.
Novogratz admitted being on the losing side, stating that his cryptocurrency merchant bank, dubbed Galaxy Digital Holdings Ltd, brought $136 million in losses to its investors when he was raising funds for it. Nevertheless, the crypto crash couldnt put Galaxy beneath the grounds, and the project was still on its way to at least break-even in 2019, he explained.
Were not nervous; were frustrated that our investors have lost money. Weve got plenty of cash to run the business for a long time. I keep telling my guys were a surfer getting ourselves in shape for when the next wave comes, and when the wave comes wed better be the Laird Hamilton of crypto.
Analysts have continuously argued whether or not bitcoin has a use-case in the mainstream. A majority of them believes that the digital assets lower adoption make it an overvalued bubble similar to the infamous Tulipmania from the Dutch Golden age. Investors have entered bitcoin markets on a promise of getting rich quickly, and it is no more stable than a pyramid scheme, i.e., it is all horns but no product.
Novogratz, on the other hand, interpreted bitcoin as a digital gold in the making, counterarguing that it is one of the only crypto assets that gets to be a legal pyramid scheme. Because, to him, it is the belief that denotes value to a store of value- nothing more, nothing less.
All the gold ever mined in the history of the world fits in an Olympic-size swimming pool, reasoned Novogratz. Youre out of your mind to think that pools worth $8 trillion. But it is because we say it is.
As a metal, a sto...
Kraken could be looking to raise billions of dollars via a private placement, an email reveals
A digital currency meant for interbank transactions is being jointly developed by Saudi Arabia and the United Arab Emirates
Skattestyrelsen (SKAT), the Danish tax agency, has accelerated crackdown against a large number of nationals who secretly traded bitcoin on a Finnish crypto exchange. According to information shared by the Swedish Tax Agency, a total of 2,700 Danes purchased circa $5.80 million worth of bitcoins from the exchange but sold them back for $6.1 million in Continued
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Just two weeks ago, cross-asset trader Stephen Innes, head of Pacific-Asia trading at Oanda, took to Bloomberg TV to convey his thoughts on late-2018s crypto market tumult. After his short guest appearance on the network, he was quickly classified as a Bitcoin (BTC) bear, due to his expectation that the popular digital asset could fall below $2,500. Yet, through the medium of Twitter direct messages, Innes tells NewsBTC he has been duly misclassified, explaining that mainstream media often latches onto a single statement or sentiment, and paints commentators on the back of an inflammatory sole remark. The Singapore-based Oanda trader has claimed that contrary to popular belief, he actually holds a bullish outlook on BTC for the long-term.
NewsBTC: Not three weeks ago on Bloomberg TV, you called out a number of bearish catalysts, namely regulation, affecting the Bitcoin price. Keeping these factors in mind, how are you playing the crypto markets today?
I respect the crypto space greatly, but any a cross-asset class, delta (the act of comparing price fluctuations of an asset/asset class) trader like myself is very sensitive to changes in the value of an asset. Again, it would be foolish not to respect and support crypto, yet there an opportunity to catch some downside over the short-term, due to the confluence of negative drivers that are getting discussed every day (Bitcoin Cash hard fork, growing regulatory qualms, fears of crypto-related hacks). I trade extreme-edge views, which seldom offer up a pleasant or happy narrative. Whether its hammering prone emerging market currencies, or tapping into cryptos short-term vulnerabilities, for me, its all about playing the hand that is dealt.
NewsBTC: What is holding back Bitcoin from global adoption today?
One thing that plays out very negatively in crypto is government regulation and intervention, as it takes away from that anonymous persona, which I think was at the heart of the crypto movement. But, regulation is a necessary move to bring crypto onto the Main Street (Bay Street, Wall Street, etc.), so that big investment houses will start offering crypto offerings to clients, specifically as a legitimate asset class....
Bitcoin was born as a wholly digital currency, and it might have remained that way had it not been for the efforts of an early adopter from Utah. His name was Mike Caldwell, but on the Bitcointalk forum, he was better known as Casascius. The physical bitcoin creator took a digital phenomenon and converted it into physical matter. For the first time in history, bitcoins were tactile.
Why a physical bitcoin? That was the question with which Bitcointalk forum regular Casascius titled his thread on Sep. 6, 2011. Hours earlier, hed posted a separate ...
New Zealands Financial Markets Authority adds three more suspicious crypto-related companies to its blacklist
Bitcoin's struggle to build a notable bounce could end if prices beat key resistance above $3,600.
Although Bitcoin (BTC) has experienced an unquestionably dismal 2018, with BTC losing 80% of its value since its year-to-date high, there are still a number of skeptics hell-bent at putting the crypto industry six feet under. Case in point, the chief of a world-renowned financial institution, set in its traditionalistic ways, recently lambasted this nascent asset class, urgently imploring regulators to outlaw cryptocurrencies in a fit of disgust.
Per a Reuters article, Allianz Global Investments (Allianz GI) CEO Andreas Utermann, a seeming centralist through and through, overtly trashed cryptocurrencies, such as Bitcoin, during a panel discussion held in London. Utermann, 52, addressing regulators in attendance, adamantly cried that you (regulators) should outlaw [crypto]. The member of Allianz GIs top brass purportedly reasoned that as cryptocurrencies have wiped out peoples savings, this nascent asset class deserves to get clamped down on.
Utermann even quipped that he was personally surprised that regulators havent stepped in harder yet, only accentuating the inefficiencies of bureaucracies and centralized systems, while also making it apparent that governments dont intend to curb crypto into nothingness.
While Utermanns comments were nonsensical, as cryptos boom and bust cycles are a byproduct of traditional market behavior, he was immediately backed up by his fellow panelist. Andrew Bailey, the head of the U.K.s Financial Conduct Authority (FCA), a government-independent entity that can enact regulatory measures, stated that crypto assets have no intrinsic value.
The FCA incumbent then noted that his organization has its eye on cryptocurrencies, before adding that initial coin offerings (ICOs) could come under intense scrutiny in due time.
Its confirmed. The United Arab Emirates (UAE) and Saudi Arabia will work on cross-border digital currency. The exact date when it would be issued is still unknown but we know one thing, the digital currency is not targeted at consumers. Its strictly for banks. Arabian news outlet Gulf News reports that the central bank of Continued
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Crypto exchange Kraken is seeking investment from select clients with a minimum $100,000 buy-in.
Crypto operator Cubits, or Dooga, has appointed outside administrators to work on behalf of creditors following an outage locking customer funds
There have been no winners in crypto land this year, everything has been battered. Some have fared better that others, however, and Bitcoin remains on top of the pile despite having lost half its value over the past month or so.
Bitcoin dominance has made it to a three month high of 55% according to Coinmarketcap. The last time BTC shared so much of the market was in mid-September which it reached a high of almost 58% on the twelfth.
That share has been largely at the expense of Ethereum which has been crushed, falling from 15% to 8.5% over the past three months. Conversely XRP has risen from 5.5% to 11.4% over the same period however this has not been enough to diminish Bitcoins supremacy.
The demise of Bitcoin Cash has also been good news for its big brother. Falling from 5% at the beginning of November to a miserly 1.6% market share today, Bitcoin Cash has virtually been laid to rest. BCH is officially the worst performing cryptocurrency in the top twenty, getting smashed 97.5% from its all-time high of $4,100 a year ago next week.
The drop in Bitcoin price has no doubt dragged the rest of the market down with it in a pattern repeated countless times over the past couple of years. Over the past month BTC has dumped 46% from $6,400 to $3,400 but its share of the market has increased.
The most likely scenario is that crypto investors are dropping their altcoins holdings and switching to Bitcoin which can be considered as a more stable store of value. This would explain the dominance increase without a total market capitalization gain.
Some crypto miners are looking to Iran for its low-cost power but the path to setting up shop in the country is anything but simple.
The former CEO of the now-defunct bitcoin exchange Mt Gox, Mark Karpeles, could face up to decade in prison if prosecutors have their way. According to the Nikkei Asian Review, prosecutors are seeking a 10-year jail term for Mark Karpeles for embezzlement. Among the claims made by prosecutors at the Tokyo District Court include the
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U.S. Securities and Exchange Commission Chairman Jay Clayton says he is optimistic about blockchain, aims to both foster innovation and protect investors
Japanese prosecutors propose a ten-year jail sentence for ex-Mt. Gox CEO Mark Karpeles, citing embezzlement charges
Japanese prosecutors are seeking a 10-year sentence for former Mt. Gox CEO Mark Karpeles over embezzlement of user funds.
South Koreas first blockchain powered remittance mobile app and web service will be launched this month by crypto exchange Coinone.
The service, simply named Cross, will be launched by Coinone Transfer, a payments business and a subsidiary of the South Korean crypto exchange. The service aims to facilitate faster and cheaper remittances to Thailand and the Philippines. The official website claims that;
Cross is the safest fintech remittance service that sends money all across the world, adding that it is licensed by the government and approved by financial institutions for its security.
According to the company blog Cross will be using Ripples blockchain technology rather than banks or other traditional payment methods. There are plans to aggressively expand the service across Southeast Asia in the coming months by linking to members of RippleNet in order to streamline transactions between them. Partnerships have already been made with Siam Commercial Bank (SCB) in Thailand and Cebuana Lhuillier in the Philippines.
The Thai banking partnership will allow anyone with a bank account in the country to access PromptPay which enables instant transactions.
South Korea has a huge immigrant worker population which has been estimated at around 2 million or roughly 3.4% of the entire population. Of that figure Thai workers make up over 150,000 people, the third largest immigrant group in the country, Filipinos account for almost 60,000.
Remittances in and out of South Korea are on the up, the World Bank estimated a figure of around $17 billion in 2017. Using traditional payment methods such as banks or PayPal can incur heavy losses due to fees and inflated foreign exchange rates. It is not practical to use any of the current options to send micro-payments due to the costs and lengthy transfer times. Hence the growing need for a reliable and secure remittances platform in the region.
The Association of South Eastern Asian Nations (ASEAN) region currently lacks such a service and Ripple ha...
Electronics giant Samsung has filed applications for three blockchain-related trademark requests for smartphones. Based on the descriptions provided by the company, the three European trademark requests relate to providing crypto custody services on smartphones, which indicates that Samsung may be planning to make its entry into the blockchain smartphone market following the recent release of HTCs
The post Samsung Files for Cryptocurrency Trademarks in the EU For Smartphones appeared first on CCN
David Morgan: Palladium proves physical market can take control. Future hope for Gold & Silver Video Chris Blasi David Morgan discusses precious metals, central banking, and cryptocurrency. The positive action in the palladium market may foreshadow the future for...
The post David Morgan: Palladium proves physical market can take control. Future hope for Gold & Silver (Video) appeared first on The Daily Coin.
The bears are still exerting their control over crypto markets as the downward slide continues. Total market capitalization has dropped back below $110 billion and is heading back towards a new yearly low.
Bitcoin has failed to register any gains on the day and has sunk another 1.5% on the day to $3,450 at the time of writing. BTC dropped below $3,400 a few hours ago but has managed to claw back a little during the days Asian trading session. Technical signals are not looking positive and we could be seeing Bitcoin back below $3,300 very soon.
There is not much point mentioning Ethereum as it has only been going one way in recent months. Shaving another 2% on the day ETH is back below $90 again.
The entire top ten is red at the time of writing with all altcoins feeling the pain again. Bitcoin SV is dropping the most with a 5% fall to below $90, Stellar is not far behind losing over 4% on the day. Tether is having a rare moment above a dollar as USDT climbs the market cap chart without changing its own.
The top twenty is equally as grim this morning with all altcoins in the red aside from Binance Coin which has made over 3% on the day taking it close to $5. Iota is getting pounded, dropping down to 14th with an 8% decline on the day. Ethereum Classic is also falling back shedding a further 5% to below $4.
Having a good dose of FOMO at the moment is DEX with a 44% surge from yesterdays levels. A listing on Korean exchange Coinbit is providing the momentum. Credo has also entered the top one hundred with a double digit gain on the day.
Taking a predictable dump is yesterdays pumper, WAX, falling 36% at the moment. Factom is also dumping all recent gains with an 18% slide on the day.
Total market capitalization is hovering around $10...
Germany-based payments startup Bitwala is now offering crypto banking services in the country.
New initiative from Binance aims to mitigate the impact of fast-spreading misinformation in the cryptocurrency sphere
Throughout the past three days, the Bitcoin price has demonstrated wild volatility in the range between $3,200 to $3,600. The dominant cryptocurrency has struggled to break out of the $3,700 resistance level which several technical analysts have consistently mentioned over the last two weeks. On December 12, the price of Bitcoin (BTC) fell by around
The post Crypto Market Drops Again: Does Bitcoin Price Risk Fall to $2,500? appeared first on CCN
Bitcoin price is slowly extending losses below $3,400 against the US Dollar. BTC could accelerate losses if buyers continue to struggle near $3,440-3,500.
During the past few hours, there were bearish moves below $3,500 in bitcoin price against the US Dollar. The BTC/USD pair recently settled below the $3,400 level and the 100 hourly simple moving average. A new intraday low was formed at $3,295 and later the price corrected a few points higher. On the upside, an initial resistance is near the 23.6% Fib retracement level of the recent slide from the $3,635 high to $3,295 low.
However, the first major resistance is near $3,420 and the 100 hourly SMA. More importantly, this weeks followed key bearish trend line is in place with resistance at $3,440 on the hourly chart of the BTC/USD pair. Above the trend line, there is a solid resistance near $3,475. It coincides with the previous highs and the 50% Fib retracement level of the recent slide. Therefore, a successful break above $3,440 and $3,475 is needed for a recovery above $3,500. On the other hand, if buyers continues to fail near $3,475 or the trend line, there could be a downside reaction.
Looking at the chart, bitcoin price is likely to extend losses below the $3,295 low or $3,250 if there is no break above $3,500. Further below $3,250, the price may even slide towards $3,020.
Looking at the technical indicators:...
Seven major crypto exchanges in South Korea have joined forces to create a sound cryptocurrency ecosystem. They have agreed on joint measures such as information sharing and real-time monitoring of abnormal transactions. Meanwhile, the Korean government is working on institutionalizing crypto exchanges.
A parliamentary policy debate on the subject of cryptocurrency exchanges was held on Monday in Seoul, according to local media. Representatives of seven major crypto exchanges in South Korea attended the event and signed an Agreement for the creation of sound cryptocurrency ecosystem. The exchanges are Upbit, Bithumb, Korbit, Coinone, Gopax, Coinplug (Cpdax), and Hanbitco. They aim to create a healthy cryptocurrency ecosystem to prevent crime and protect investors by creating a sound cryptocurrency ecosystem and preventing money laundering, Sedaily elaborated....
The Commodity Futures Trading Commission (CFTC) has put out a Request for Information (RFI) asking for public comment and feedback to enable it better understand Ether and the Ethereum blockchain as it seeks to expand its cryptocurrency knowledge base beyond bitcoin. In a press release dated December 11, the regulator stated that it is seeking
The post Ethereum Futures Inbound? CFTC Asks for Public Comment on ETH Network appeared first on CCN
Bitcoin cash traded above $100 and it is currently consolidating. Litecoin (LTC), Tron (TRX) and Cardano (ADA) remain in a bearish zone, with chances of more losses.
Bitcoin cash price managed to move back above the $100 level recently, but it facing a lot of hurdles near the $105 and $110 levels. If BCH/USD continues to struggle to climb above $110, there could be a fresh decline below $100 and $95 in the near term.
The key support is at $92, below which the price slide towards $85. On the upside, the price must break the $105 and $110 resistance levels to move into a positive zone.
Litecoin price faced a lot of selling interest near the $30 and $28 levels recently. LTC declined and traded close to the $20 support area. The price is currently consolidating above $22 and it may perhaps correct higher towards $26 or $28.
During the past two days, there were only range moves above the $0.0130 level in tron price. On the upside, the price seems to be struggling to clear the $0.0135 and $0.0140 resistance levels.
Cardano price faced an increased selling pressure and declined below the $0.0300 support. ADA is down around 2% and it seems like the price may decline further towards the $0.0285 or $0.0280 support.
What is the future of initial coin offerings? One of the movements early leaders suggests the market might be at a tipping point.
Former Ukrainian Prime Minister Yulia Tymoshenko believes that blockchain can help combat corruption in public administration
Ripple price remains in a bearish zone against the US Dollar and Bitcoin. XRP/USD might trade higher once there is a break above $0.3000 and the 100 hourly SMA.
There was a slow and steady decline from the $0.3178 high in ripple price against the US Dollar. The XRP/USD pair declined and traded below the $0.3040 and $0.3000 support levels. A new intraday low was formed at $0.2912 and later the price corrected a few points. It moved above the $0.3000 level and the 100 hourly simple moving average. There was a break above the 23.6% Fib retracement level of the recent decline from the $0.3178 high to $0.2912 low.
However, buyers failed to clear the $0.3060 resistance. There was also no proper close above the $0.3000 level and the 100 hourly SMA. The price was rejected near the 50% Fib retracement level of the recent decline from the $0.3178 high to $0.2912 low. Moe importantly, this weeks followed major bearish trend line is in place with resistance at $0.2975 on the hourly chart of the XRP/USD pair. The pair is currently consolidating below $0.3000 and the trend line. A successful close above $0.3000, trend line, and the 100 hourly SMA is needed for a fresh upward move.
Looking at the chart, ripple price could slide below $0.2912 and $0.2900 if buyers fail to push XRP above the 100 hourly SMA.
Looking at the technical indicators:
Online bullion marketplace Onegold announced on Tuesday that its customers can now purchase precious metals with bitcoin cash (BCH) and bitcoin core (BTC). Onegolds digital silver and gold products are fully allocated physical metals stored at the Royal Canadian Mint and can be redeemed at any time through Apmex.
Cryptocurrency proponents can now purchase digital gold and silver bu...
Ethereum price extended losses recently against the US Dollar and bitcoin. ETH/USD may continue to move down and it could even test the $80 support zone.
After forming a top near the $98-100 zone, ETH price started a bearish wave against the US Dollar. The ETH/USD pair declined and traded below the $95 support and the 100 hourly simple moving average. It opened the doors for more losses and the price recently broke the $92 and $90 support levels. Sellers remained in control and even pushed the price below the $88 pivot level.
Besides, yesterdays highlighted major contracting triangle was breached with support at $88 on the hourly chart of ETH/USD. The pair traded as low as $85 recently and it is currently consolidating losses. An initial resistance is near the 23.6% Fib retracement level of the recent decline from the $99 swing high to $85 low. However, the first major hurdle is near the $91 level and the 100 hourly SMA. Above $91, the triangle resistance trend line is positioned at $93. An intermediate resistance is the 50% Fib retracement level of the recent decline from the $99 swing high to $85 low.
Looking at the chart, ETH price is clearly facing a lot of hurdles starting with $91 and up to $93. A convincing close above the $93 level is needed for a decent recovery. If not, the price could break the $85 swing low and it may even test $80.
Hourly MACD The MACD...
Coinone subsidiary Coinone Transfer has introduced Cross, South Koreas first blockchain-based remittance app and web service, using enterprise blockchain technology created by Ripple. Cross gives people in Thailand and the Philippines access to faster and cheaper payment services. Coinone Transfer utilized RippleNet and connections with the Siam Commercial Bank (Thailand) and Cebuana Lhuillier (Philippines) to
The post South Korean Crypto Exchange Launches Ripple-Based Blockchain Remittance Service appeared first on CCN
On December 10, Lee Seok-wu, the CEO of Dunamu, the parent company of South Koreas largest crypto exchange Upbit, said that regulation is important to establish industry standards. During a meeting with several members of the Congress and the Financial Services Commission (FSC) hosted by Upbit, Bithumb, Gopax, Korbit, and Coinone, five of the biggest
The post Upbit CEO: Crypto Regulation is Necessary, But is Korea on Right Track? appeared first on CCN
Malta-based crypto exchange OKEx announced it will list Bitcoin Cash ABC under the original Bitcoin Cash ticker, BCH
The Dutch Central Bank, De Nederlandsche Bank, wants to regulate crypto companies by requiring them to get licenses in order to operate. The bank claims the measure will deter money laundering and the use of cryptocurrencies to fund terrorism, according to a short brief in Dutch daily newspaper De Telegraaf. To qualify for a license, crypto
The post Dutch Central Bank Wants to Regulate Crypto Companies to Stem Money Laundering appeared first on CCN
If you hail a taxi in downtown London, you could wind up paying for more than just your fare. Pseudonymous cab driver Dave Jenkins is known as the Crypto Cabbie because as he drives passengers around London he provides the ability to purchase BTC.
Theres a taxi driver in London who will not only give you a ride, but might also ask you if youre interested in purchasing BTC. Dave Jenkins travels with a device that enables people to purchase bitcoins. As he explained in a recent interview, the hardware is manufactured by a company called Fastbitcoins, and allows t...
Four government agencies of the U.S. state of Vermont have formed a blockchain working group to learn more about the technologys applications
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Some environmentalists are gleefully celebrating the current crypto bear market, saying its a sure sign that bitcoin is becoming worthless and will soon be no more. And theyre breathlessly counting down the days until its demise. Bitcoin is a colossal waste of energy [and] will soon be no more, writer Ilana Strauss gloated at TreeHugger.
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A sextortion scam that doubles its chances of success by planting ransomware on the computing device of its target victims has emerged, and as is often the case the attackers want to be paid in bitcoin. According to researchers at cybersecurity firm Proofpoint, the sextortion campaign, which is mostly targeting residents of the United States,
The post Bitcoin Sextortion Scheme Seduces Victims into Installing Ransomware appeared first on CCN
London-based digital currency exchange CEX.IO now requires its users to reveal their identities to provide users with high-level and reliable service
Partido Popular, a major Spanish political party, will introduce a draft bill on crypto and blockchain
The latest statistics regarding ICO funding in recent months shows that investors continue to turn away from investing in ICO projects amidst the persisting crypto bear market.
The statistics, which were reported in the latest issue of the Diar digital asset newsletter, show that ICO fundraising in November plummeted to the lowest level of 2018. The drop in funding is likely tied to the cryptocurrency markets, which set fresh 2018 lows towards the end of November when Bitcoin fell to $3,600.
Since then, Bitcoin has continued to trade sideways, and just recently set another fresh 2018 low at $3,300 last week. Because ICO fundraising appears to be linked to the cryptocurrency market conditions, it is likely that December will also be a rough month for ICO fundraising.
According to the report, in 2018 alone ICOs have raised a total of over $12.2 billion, most of which came from the first five months of this year. ICO projects raised the most amount of money in February, during which over $2.6 billion was raised. January was the second-best month for ICO projects looking to raise capital, with $2.4 billion being raised.
Fundraising then declined steeply in March and April but rebounded in May. Since then, ICO fundraising has steadily declined, and has nearly disappeared in November. Diar notes that last month, ICO projects only raised a mere $65 million.
Initial Coin Offerings (ICO) are all but over with November seeing total raised funds at $65Mn. ICOs in 2018 have raised over $12.2Bn but have now petered out from regulatory backlash fears, as well as a slow-down in cryptocurrency markets with token prices plummeting leaving retail investors with a bitter taste, the report explains.
Although some countries are taking actions to promote regulated capital raising through token offerings, the United States has yet to institute any type of legal framework specifically for ICOs, and in their current state they have been deemed to...
It has been a year since the start of Cboes XBT futures contracts and CME Groups bitcoin derivatives products launched last December. With super bearish prices these past few months, a lot has changed since the cryptocurrency economy touched all-time highs on spot markets. Meanwhile, bitcoin futures contracts have been growing and some skeptics still believe these derivatives products are disruptive toward cryptocurrency spot prices.
A few weeks before the launch of Cboe and CME Groups bitcoin-based futures contracts, the price of bitcoin core (BTC) spiked significantly. After Cboes launch seven days later, the cryptocurrency touched an all-time high of $19,600 per coin and the value has been depleting ever since. On the opposite side of the spectrum, as the price of BTC went down on many occasions, bitcoin derivatives volumes on both CME and Cboe skyrocketed. A recent CME liquidity report for Dec. 7 shows bitcoin futures volumes rallied in November, just before the price was about to experience some heavy losses. The same can be said for the month of October as CMEs BTC futures contracts saw significant average daily volume (ADV) growth. Cboes ADV statistics...
Another week, another low. Bitcoins market has been bleeding
relentlessly for weeks and now, after falling 50% in value in just
one month, the market has managed to break south of a major bearish
consolidation pattern called a bear pennant:
Figure 1: BTC-USD, 4-Hour
Candles, Bear Pennant Breakout
This is a massive bear pennant with a staggering $2,000 measured
move. In layman's terms: The price target for this breakout would
be approximately $1,700, after all is said and done. Now, its
important to note this is just a projection and it isnt a
guaranteed trajectory, but this setup should not be underestimated.
However, if we look at a macro view of bitcoin price levels, the
$1,700 price range is confluent with a strong support level:
Figure 2: BTC-USD, Daily Candles, Price Target
As mentioned in
previous market analyses, bitcoin has begun to march down all
its previous untested support levels, one by one. As each support
level proved to be unsustainable, the market has decided to test
lower and lower throughout the current downtrend with very little
relief for the eager bulls:
Figure 3: BTC-USD, Daily Candles, Previous Support Levels
Figure 3 shows all the previous support levels and how they have also coincided with the previous shakeout periods during the parabolic run-up last year. Although we have yet to test new lows this week, something that is slightly concerning is the general lack of volume on these drops. While this can be a sign of temporary bearish weakness (or lack of supply), overall, this likely doesnt bode well, as it hasnt represented capitulatory volume something that would be a clear sign that buyers are interested at these levels. For now, the market remains content to just chop sideway and, at the moment, is failing to gather momentum to break the previo...
Comparing the current Bitcoin market to last years price highs, investor Mike Novogratz said were at the methadone clinic
Global crypto payment provider BitPay has announced the OneGold precious metals and digital gold marketplace is now accepting Bitcoin and Bitcoin Cash, according to a press release. OneGold founded by APMEX, a leading precious metals retailer, and Sprott, an alternative asset manager is focused on giving investors the ability to combine the key
The post Bullion Giant APMEX Partners with BitPay to Let Investors Buy Gold with Bitcoin appeared first on CCN
The U.S. Commodity Futures Trading Commission has asked for public comment and feedback to improve its knowledge of the Ethereum blockchain and altcoin
Sharding and proof-of-stake will render future blockchains thousands of times more efficient, according to Ethereum co-founder Vitalik Buterin
The second-smallest state in the United States by population has formed a working group consisting of state agencies with a view toward studying blockchain technology. This was announced by Vermonts attorney general, T.J. Donovan, who disclosed that the blockchain working group would commence work next year in January. The working group which will seek
The post Vermont Government Forms Working Group to Explore Blockchain Technology appeared first on CCN
International childrens charity UNICEF has announced that it will formally support a total of six new blockchain startups through the UNICEF Innovation Fund. As part of the programme, the firms will each receive a share of $100,000 in funding.
Most of the blockchain startups selected for membership in the fund are from a different developing nation. The ideas incubated in them will hopefully go on to increase efficiency and transparency in a variety of industries across the globe in those countries that need it most.
The childrens charity division of the United Nations, UNICEF, clearly sees great promise for blockchain technology to overhaul whole industries, particularly those traditionally rife with fraud and corruption. Its Innovation Fund has already targeted firms specialising in other emerging technological sectors such as data scince, machine learning, virtual reality, and drone technology. The six startups from the blockchain industry will join another 20 fledgling companies from these disparate fields in receipt of funding.
The six companies named in a report by RTT News are: Argentinian enterprise-grade funding platform Atix Labs; Mexicos Onesmart, which hopes to reduce corruption in emerging markets; medical records management platform Prescrypto (also based in Mexico); the Indian vaccination supply chain system provider Statwig; Utopixar from Tunisia, which is exploring blockchains application in community governance; and the W3 Engineers in Bangladesh. This final startup seeks to provide connectivity between economic migrants and refugees without the use of either internet and cellular phone technology.
Along with funding, the startups in the UNICEF Innovation Fund will also receive assistance with developing the projects themselves, along with guidance on growing the businesses.
Over the last year or so, UNICEF has been keen to explore how blockchain technology and cryptocurrencies can benefit charitable causes. NewsBTC has previously reported on the childrens charitys effort to inspire video gamers to use their surplus hardware to mine digital assets to donate to charity....
Insurance is one of the golden geese of the blockchain, an industry with so much paperwork, sensitive data, and manual processes that it almost seems obvious that it will eventually adopt blockchain technology to streamline its claims processes, data storage, and even eventually its payments. State Farm is among the first notable insurance
The post State Farm is Testing Blockchain to Expedite Auto Insurance Claims appeared first on CCN
Bitcoin has dropped below $3,400 soon after challenging $3,700, Ethereum dips below $90 for the first time since May 2017
U.K. lawmaker Eddie Hughes has proposed that taxpayers should have the option to pay council tax and utility bills in cryptocurrencies such as BTC. The 50 year-old conservative legislator for the Walsall North constituency said the move would place the country at the forefront of digital currency adoption in Europe.
Youre either ahead of the curve or youre behind the curve, and our country is in an interesting position right now we need to be seen as a progressive country, Hughes was quoted by the Daily Express as saying. We are at a crossroads and were about to determine our future one in which taking the lead in this field could prove very beneficial....
Last week, it was reported that a Bitcoin whale had moved thousands of bitcoin into different wallet addresses. Between December 1 to December 6, 2018, the whale split 856,000 bitcoin between 107 wallets, sending an equal 8,000 BTC into each wallet.
Speculators have formulated different hypotheses since the monstrous sum was moved. Was it a market whale moving funds to Over-the-Counter (OTC) markets? Could the sender be the Foundation for Economic Education (Fee.org)? (This second theory is highly improbable as the listed address on the organizations website reveals it has only ever received a total of 2.2 BTC.)
According to a report published on 8BTC, its likely the whale was merely Coinbase conducting routine maintenance on its infrastructure. 8BTCs hypothesis is based on a Coinbase announcement that mentioned the exchange was going to make "monitored movements" two days prior to the transactions being made.
U.S digital asset platform Coinbase had announced a scheduled maintenance on November 29, 2018.
"Over the next seven days, Coinbase will be running scheduled maintenance across our platform that may cause movements on all Coinbase-supported blockchains. These are controlled, closely monitored movements that are being performed in order to provide enhanced security and protection for our customers."
The commotion surrounding these coin movements began on December 4, 2018, when 66,452 BTC was transferred from a wallet address that had not sent funds since 2014. The funds were then distributed evenly across 100 wallet addresses.
Once that transfer was complete, a new transaction of 66,379 BTC was transferred from another whale address and distributed equally between 101 wallet addresses. A few days after this, another transaction was initiated, followed by another round of distributing the bitcoin into different wallet addresses. This time, 8,000 BTC was transferred into 107 addresses for a total of 856,000 BTC: a total that ac...
The holiday season is here. And even if crypto prices are on the
coal heap, you can still have fun spreading some holiday bitcoin
For the bitcoiners in your life, this could mean a crypto-related gift as a token of solidarity. After all, what better way to commiserate with fellow HODLers than decking their holiday halls with bitcoin-themed gifts? What better way to say were in it for the long haul than with a hardware wallet? Or Ive got your back literally than with a bitcoin t-shirt?
From wallets to node-hosting hardware to general swag, heres a list of some of our favorite gifts for bitcoiners of all kinds from newbies to early adopters, moon shooters to techies, and everyone in between.
Of course, one of the best gifts you can give is bitcoin itself. Maybe take some time and walk a friend through the process of setting up a wallet and then send them their first satoshis.
If you want to wrap up a bitcoin gift, consider putting some funds on an Opendime stick. Opendime is a single-use, disposable bitcoin hardware wallet. This USB wallet functions sort of like a gift card that you can load with bitcoin using your existing wallet then you pass it on to someone else. The private keys are generated in the wallet itself and are never revealed to anyone, not even to the person who loads the wallet with funds. Using the public key, the recipient of the Opendime can still read how much is in the wallet by inserting the USB into a computer they just cant spend the funds until they break the seal and transfer the funds out of the wallet using the hidden private key. Once the seal is broken and the funds are removed, the wallet is rendered inoperable.
These wallets are available for purchase in packs of three. At $40 for a pack, its an inexpensive, secure and easy way to give someone bitcoin, be it a large or small amount.
A must-have for any enthusiast who has invested more than pocket change, hardware wallets are a prime item to give, even more so if the recipient is a newcomer.
There are a number of options to choose from, and which wallet works best depends on the individual. The Trezor and Ledger hardware wallets are perhaps the most vetted, most widely recognized and longest-standing options out there. They support bitcoin, most major altcoins an...
Bitcoin bull Mike Novogratz the CEO of cryptocurrency merchant bank Galaxy Digital is unfazed by the recent bear market, saying bitcoin is digital gold that will survive and thrive over the long haul. Novogratz admitted that he lost money during the 2018 slump due to bad market calls, but that doesnt dampen his long-term Continued
The post Revolutions Dont Happen Overnight: Why Mike Novogratz isnt Giving up on Bitcoin appeared first on CCN
Bitcoins current instability is shaking investors confidence in a potential relief rally, as the short positions against Bitcoin are climbing as long positions continue to drop. Bitcoin moved slightly lower on Tuesday morning, leading the majority of altcoins to also drop.
Currently, the overall cryptocurrency market is sitting at just over $107 billion, and one more major drop led by Bitcoin will likely bring it down to below the important psychological level of $100 billion, which has not been seen since July of 2017.
At the time of writing, Bitcoin is trading down 3% at its current price of $3,400, falling from daily highs of over $3,500. Bitcoin is currently trading down 15% from its 7-day highs of nearly $4,000, and the lack of investor confidence in either a relief rally, or an end-of-year rally, is clearly declining, as illustrated by the statistics regarding the amount of net-long and net-short positions.
According to data compiled by DailyFX, traders are continuing to shift their positions from net-long to net-short, signaling that they expect further drops to be on the way.
Retail trader data shows 70.1% of traders are net-long with the ratio of traders long to short at 2.35 to 1. The percentage of traders net-long is now its lowest since Nov. 28 when bitcoin traded near $4,200.66. The number of traders net-long is 1.6% lower than yesterday and 2.7% lower from last week, while the number of traders net-short is 14.0% higher than yesterday and 21.4% higher from last week.
It is important to note that net-short to net-long ratios simply give the markets insight into the sentiment amongst traders and is not a reliable method for determining the future direction a specific asset or market is heading.
Bitcoins current instability has continued to be a nega...
Fragments protocol, an effort at stabilizing the buying power of cryptocurrency, has rebranded itself to Ampleforth as of today, renaming the crypto project after the 1984 character whose job is to translate poetry into Newspeak. Ampleforth aims to preserve the unit of account and money properties of its tokens. Instead of pegging to a fixed Continued
The post Crypto Firm Fragments Launches Stablecoin Following Ampleforth Rebrand appeared first on CCN
Bitcoins share of total cryptocurrency market capitalisation is at its highest point in three months, currently standing at about 55.14 percent according to data from CoinMarketCap. Bitcoin Dominance Surges amid Crypto Price Panic The next four high volume cryptocurrencies in order of market volume are XRP with 11.14 percent, ethereum with 8.55 percent, bitcoin cash Continued
The post Still the King: Bitcoin Dominance Hits 3-Month High as Crypto Market Limps Toward 2019 appeared first on CCN
The birth of more stablecoins, which has coincided with significant market losses for traditional cryptocurrencies, has drawn attention to these fiat-pegged digital assets. Dedicated platforms are now aggregating statistical data about stablecoin markets for the benefit of traders.
The last couple of months has seen the arrival of new coins poised to challenge the dominance of the leading stablecoin tether (USDT). Two new regulated cryptocurrencies, also pegged to the U.S. dollar, were announced after receiving approval from the New York State Department of Financial Services in September. The Gemini dollar (GUSD) and paxos standard (PAX) are both backed one-to-one with fiat currency.
Another notable token in the same category is USD coin (USDC), but coins pegged to different fiat currencies or other traditional assets, such as precious metals, have also been announced. Exchanges and other trading platforms have already listed many of these stablecoins, granting them recognition in a bearish market for the majority of the free-floating cryptocurrencies. A crypto loans service has recently begun...
Coinbase's chief product officer, Jeremy Henrickson, left the crypto exchange in early November after more than two years of scaling the company's tech team.
A common narrative in todays financial world is that crypto holders are often unable to execute trades without paying large amounts of commissions and fees. Traditional markets are loaded with retail brokerages that bet against their clients with artificially adjusted prices, spreads and unrealistic fees.
Enter Quantfury, an emerging enterprise thats on an ambitious quest to reshape this landscape for everyday cryptocurrency holders and others who enjoy trading the markets. Founded in April 2017 with offices in Toronto and Singapore, Quantfury offers a state-of-the-art trading app for both iOS and Android that allows traders to utilize their cryptocurrency holdings to trade equities, cryptocurrencies, fiat pairs and commodities, in fiat amounts.
Tyler and Cameron Winklevoss have launched mobile crypto trading app for their Gemini exchange, together with a new crypto basket investment vehicle
The latest statistics on initial coin offerings suggest that the best days of the fundraising mechanism may have long passed. According to digital assets newsletter Diar, the month of November recorded the lowest inflows into initial coin offerings (ICOs) in 2018. With US$65 million raised last month, this was in sharp contrast to this years Continued
The post ICO Death March? November Inflows Fall to $65M From Yearly High of $2.6 Billion appeared first on CCN
After watching the price of Bitcoin going through its roughest month for seven whole years, many in the space appear to be bracing themselves for a more brutal crypto winter than they ever thought possible. One market analyst believes that we could be about to drop further to a new yearly low of $3,000.
That said, there has been very little in the way of negative news surrounding the number one digital asset. In fact, Bitcoins surrounding infrastructure has never looked better. Despite the lulls, such factors continue to inspire bullishness from familiar voices.
Just like last year, the expectations of many have been defied in the closing months of 2018. Bitcoin has continued on its downwards trajectory to its current price of around $3,400. Many felt the end of the market bloodshed was here after the price spent so long in the $6,000 to $6,800 range. The following sharp decline over the last month has taken a lot of folks by surprise. However, some analysts believe we are far from the end of the current bear market.
#Bitcoin looking quite ugly here. If the uptrend support doesn't hold I would aim to $3,250 and $3,000 as next targets.
Bear flag already breaking down.
Crypto Rand (@crypto_rand) December 11, 2018
The view of Crypto Rand above is echoed by controversial YouTube technical analyst Tone Vays. In his latest episode, Tone argues that Bitcoin must first hit the 50 month moving average at around $3,000 before it will change direction and can begin to move up again:
The most optimal scenario is actually a few more candles of consolida...
Gibraltar Blockchain Exchange has insured all of its crypto assets with local firm Callaghan Insurance Brokers
The Winklevoss twins-owned Gemini crypto exchange is using the current bear market to build, and has launched its official mobile app for iOS and Android smartphones.
While a battle rages between Coinbase and Jack Dorseys Square Cash app for the top spot on the Apple App Store for iOS, a new contender has thrown their name in the ring. Gemini, the cryptocurrency trading platform led by Cameron and Tyler Winklevoss, has launched an official mobile app for iOS and Android devices.
The new app offers many of the same experiences found when accessing Gemini from a web browser, including the ability to buy, sell, send, and receive cryptocurrencies like Bitcoin and Litecoin, a portfolio to track gains and losses, the firms Buy the Cryptoverse bundle feature, and much more.
The app is now available for download on the Google Play Store for Android and Apple App Store for iPhone and iPad.
Related Reading | Square Cash Tops Apple App Store: Can Coinbase Reclaim Its Throne?
In an interview with Bloomberg, Gemini co-founders Cameron and Tyler Winklevoss explained their motivation for rolling out a mobile app now, while in the midst of a crypto winter, as many are calling the current bear market. Other companies such as rival exchange Coinbase, and even the $15 million-valued mining giant Bitmain have been struggling to maintain business operations in key areas.
Were totally at home in winter, said Tyler Winklevoss. It gives us time to build internally, and refine and kind of catch our breath, added his brother Cameron....
Delphi Digital has taken a deep dive into bitcoin core in its first The State of Bitcoin report. The 59-page document from the digital asset investment company leaves no stone unturned, covering everything from BTC payments to coin distribution and rolling returns compared to stocks and gold. The report brings together a plethora of interesting statistics that attest to bitcoins growing evolution and adoption.
Few people, save for a handful of terminal haters and discredited economists, dispute that Bitcoin is valuable. But quite where that value lies, and what the primary purpose of Satoshis creation should be, is a matter of some dispute. In its current state, BTC is easier to dismiss than understand, acknowledge the authors of The State of Bitcoin. We believe the primary long-term value drivers for BTC revolve around its ability to serve as 1) a censorship-resistant store of value and 2) a check on governments as an alternative, country-agnostic digital reserve currency.
According to data obtained from the source the New York Department of Financial Services itself the financial regulator has only responded to 9 of 36 BitLicense applications submitted since 2015. Five have been denied, four have been approved, the rest are still going through the process. Fortune writer Robert Hackett became interested in Continued
Chat logs obtained from a ConsenSys town hall last week reveal a mix of shock and support following the company's announced layoffs.
Wanchain is a separate, independent, public chain, CEO Jack Lu says on a recent December morning. He explains that it is essentially a fork of Ethereum which integrated a lot of privacy-focused changes and primarily focuses on cross-chain compatibility. Wanchain wants to be the bridge between blockchains, allowing multi-crypto transaction execution in a private manner. Continued
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South Korean crypto exchange Coinone has launched Cross, an app providing cross-border remittances using Ripple's xCurrent product.
Samsung has dismissed reports it plans to offer a crypto cold wallet on its Galaxy S10 smartphone as rumor and speculation.
Increasing prevalence of cryptocurrency PoS payments forms focus of new role for ex-PayPal exec
The market valuation of ERC20 tokens and low volume crypto have started to fall below the $100 million mark amidst an intense market sell-off and increasing regulatory pressure from the U.S. Securities and Exchange Commission (SEC). VeChain, Bytecoin, Bitcoin Diamond, ICON, and Qtum have fallen the most against the U.S. dollar in the past 12 Continued
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Hope, euphoria or panic? What the Wall Street Cheat Sheet can tell us about the current state of the bitcoin market.
Good Money, a digital banking startup, has announced its raised $30 million in Series A funding. The round was led by Galaxy Digital with investments from Breyer Capital, Blocktower Capital, Boost VC, Ken Howery, Blockchange Ventures, Cross Culture Ventures, Troy Carter, Mitch Kapor, Peter Diamandis, Blake Mycoskie, Justin Rosenstein and others.
Besides peer-to-peer banking services, Good Money will offer FDIC-insured savings accounts bearing a 2 percent yield, free usage of fiat ATMs across the U.S., no-overdraft fees and low consumer loan rates. However, it seems that the people behind the venture believe a strong social focus is what will attract the most interest in the app. Th...
Amid the cryptocurrency market crash, even the newest ASIC crypto mining rigs are struggling to seal profits for their operators
Although Coinbase is lauded for its ability to innovate, even in stormy market conditions, there has been growing sentiment that the prominent platform has begun to stumble, falling victim to the dissipation of cryptos active retail investor scene. Yet, Coinbase has made in glaringly apparent that it intends to thrive amid Bitcoins (BTC) distraught state.
Although the crypto market has sustained heavy losses in fiscal 2018, the spirit of festivity has still blessed Coinbase with its presence. Case in point, the San Francisco-headquartered startup, known for its unrelenting innovation in the cryptosphere, recently embarked on its latest, unexpected venture 12 Days Of Coinbase, an evident reference to the age-old Christmas song.
Through an announcement issued on Monday afternoon, Verity Coltman, Coinbases head of Business Operations, divulged that the multinational firm has spent 2018 focused on behind-the-scenes utility work, but hasnt had much to publicly show for its efforts. Over the next 12 days, however, Coltman noted that Coinbase plans to launch a feature, whether it be support for altcoins, website updates, newfangled features, or otherwise, every single day.
So, with Coltmans statement in mind, it is apparent that Coinbases lack of visible progress is slated to change, with the advent of an unprecedented initiative that may turn the platform on its head.
For the first day of its campaign, Coinbase has unveiled a partnership with WeGift, a digital gift card infrastructure provider. This strategic business relationship will allow Coinbases clients in the U.S., U.K., and E.U. to purchase an array of gift cards, including ones from Uber, Adidas, and Nike, by using Coinbase-supported cryptocurrencies, namely BTC and Ethereum (ETH). Remarking on how the WeGift collaboration will bolster cryptos adoption, Coltman wrote:
Customers purchasing e-gift cards enjoy no withdrawal fees and bonuses of up to 10% on select vendors, making it smoother than ever to use crypto.
While Coinbase intends to reach for the stars with this two-week...
For much of the year, the bitcoin mining industry appeared to be impervious to the crypto market downturn, as the flagship cryptocurrencys hash rate continued to climb even as the BTC price halved and then halved again. In recent weeks, however, cracks have begun to form in this sector as well. Bitcoin Hash Rate Continued
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Amid the peak of cryptos 2017 rally, Travis Kling, a portfolio manager at Steven A. Cohens Point72 Asset Management, jumped ship from his institutional tenure, subsequently downing the red pill that is Bitcoin. And while Bitcoin (BTC) has sold-off massively since his initial foray, Kling has maintained that he sees long-term potential in cryptocurrency and technologies pertaining to this budding asset class.
In recent months, TD Ameritrade has begun to make an entree into the cryptocurrency market, first partnering with ErisX, a crypto platform slated to be a competitor of Bakkt. Now, the world-renowned financial institutions newfound penchant for this industry has spread to its in-house media network, which recently hosted a segment dubbed #CryptoWhatsNext in collaboration with the now-crypto-friendly Nasdaq.
On Monday afternoon, Oliver Renick, an anchor at the fledgling outlet, spoke with Kling, who now heads the recently-launched crypto hedge fund Ikigai.
Thanks for having me! https://t.co/9jSTRASagT
Travis Kling (@Travis_Kling) December 10, 2018
Aiming to glean some insight from the industry insider, the TD Ameritrade host asked Kling about the logistics of Ikigai, which launched in October, prior to Bitcoins recent leg lower. The former Point72 team member drew attention to its two chief investment strategies, the acquisition of equity or tokens pertaining to a venture-stage crypto-centric project, and a long-short multi-strat[egy].
The host, intrigued by the latter strategy, questioned how Kling...
British politician Eddie Hughes has proposed allowing local taxes and bills to be paid with cryptocurrencies.
In Tuesdays edition of The Daily we cover stories about
an electronic gift card program that Coinbase is extending to the
U.S. market, new job offerings from Facebook that hint at the
companys blockchain plans, and an investment in the field from
Coinbase has announced that its trading platform now offers e-gift cards for its customers in the U.S. This means that American users will be able to instantly spend their cryptocurrency balances from the exchange with dozens of new retailers. The development has been achieved by expanding its partnership with the London-based startup...
Former chief economist of the IMF and Harvard University professor Kenneth Rogoff has characterized Bitcoin as a lottery ticket
According to cryptocurrency intelligence firm CipherTraces Q3 Cryptocurrency Anti-Money Laundering report, as of quarter-three, 2018, cryptocurrency thefts had already reached $927 million. The blockchain cybersecurity professionals identified theft and hacks at platform layers and exchanges to be a major problem, evolving further from its Q2 findings. In the CipherTrace second-quarter report, the company identified that Continued
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The Gibraltar Blockchain Exchange, a subsidiary of the Gibraltar Stock Exchange, is now offering insurance cover for crypto assets.
As we previously reported, Circles Poloniex participation in the stablecoin wars is evident in their decision to not charge fees on use of USDC on their platform. For the month of November, trades in USDC were not charged any fees at all. According to an e-mail blast from Poloniex, this amounted to more than $500,000 Continued
The post Stablecoin Wars: Poloniex Extends Fee-Free USDC Trading appeared first on CCN
U.S. disruptor bank Good Money gets $30 million in Series A funding from a cryptocurrency-focused VC
A key long-term bitcoin price indicator is reporting oversold conditions for the first time in almost four years.
A Japanese lawmaker has proposed four changes to Japans tax law to benefit crypto users and traders as well as widen the adoption of cryptocurrency in the country. The current tax rate of 55 percent could be lowered to 20 percent while crypto-to-crypto trading and small payments could be exempt from taxation.
Representative Takeshi Fujimaki of Japans Nippon Ishin no Kai political party has proposed four changes to the current taxation system for cryptocurrencies. Fujimaki, who was formerly an adviser to billionaire investor George Soros, announced on Friday:
We believe that it is necessary to change the current virtual currency taxation system to an appropriate tax system in order to develop virtual currency / blockchain technology. The tax system should not deprive the future of virtual currency and blockchain.
The proposed changes are designed to promote the wider adoption of virtual currency as well as encourage the development of blockchain technology, he clarified....
At the first official meeting between five of the biggest crypto exchanges and the government of South Korea, Cumberland Korea CEO Hong Joon-ki said that both the government and local financial institutions have to acknowledge the efforts of Nasdaq, Fidelity, and some of the largest conglomerates in the global market working to strengthen the infrastructure Continued
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With crypto markets falling ever lower many are making an exit from the space. Not all are that quick to jump ship however, and PayPal is among those looking towards cryptocurrencies, albeit private ones, starting with an incentive platform for its employees.
The company has launched an internal private blockchain based platform for its staff to trade and exchange tokens while contributing ideas and participating in related programs designed to foster innovation. According to Cheddar the initiative has been built by around 25 people taking six months.
PayPal has setup an internal website for employees to access their private tokens and earn more by enrolling in learning programs. The tokens are not tradable outside of the system as they are worthless to all but company workers on its own blockchain.
Historically, PayPal has been anti-crypto and has not accepted it on its merchant platform due to volatility issues. These price fluctuations would be massively amplified considering the excessive length of time PayPal transactions take. This latest venture is only an effort to get staff used to the concept PayPal still has no intention of adopting or using public cryptocurrencies.
The company has offered experiences such as poker tournaments, martial arts and trail runs with head executives for employees that want to cash in their tokens. One senior executive described it as a Venmo-like feed people can like and comment on and see all the activity going on within PayPal related to innovation.
It is very unlikely that PayPal will be venturing into the real world of cryptocurrencies any time soon. The company made $13 billion in 2017, and a large chunk of that is derived from hugely over inflated foreign exchange rates. Sending money between PayPal accounts in different currencies can cost as much as 5%. Borderless cryptos are obviously a threat to this business model.
PayPal is interested in the technology however and this latest incentive is another step towards it. The most likely outcome would be the development of a PayPal token that is only redeemable on the platform to facilitate transactions.
Coinbase recently announced that it...
In October, the government of Japan hinted its plans to ease the process of taxing crypto investments to refrain impractical taxation frameworks from negatively affecting the local market. At the time, a committee of tax experts that is tasked to advise the government on taxation matters encouraged the authorities to simplify the complex process of Continued
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Crypto exchanges in the U.K. pose a low risk for money laundering and terrorist financing, says a report from the Financial Action Task Force.
As cryptocurrency prices continue to tumble, some blockchain projects may disappear into the digital dust while others forge on with product development that will lead to ease of use and greater adoption.
Standardization of payment platforms and cross compatibility between them is one issue that needs to be addressed before cryptocurrencies get anywhere near mainstream adoption. The 0x protocol aims to do exactly that and has taken a step towards that objective with the announcement of the 0x Instant payments service.
Using the service with a few lines of code can enable crypto purchasing to be added seamlessly to any app or website according to the announcement medium post. The open source code also allows hosts to earn a little commission on every transaction if they configure it to do so.
Under the hood, Instant aggregates liquidity from 0x relayers for any ERC-20 or ERC-721 asset. It automatically finds the best prices within the 0x networked liquidity pool and lets users pay for tokens with ETH via MetaMask, Ledger, Trezor, or any other Ethereum wallet, the post added.
An off-the-shelf UI and Instant Configurator can be embedded into games or dApps to enable instant crypto payments. The blog adds that developers and creators can utilize Instant to build product experiences that couldnt have existed before. Non-fungible token marketplaces, non-custodial crypto wallets, dApps, and crypto price feeds are already utilizing the service according to the release.
Coinbase Wallet has already integrated 0x Instant into its mobile wallet app for seamless transfer of Ethereum based tokens. Others crypto operations such as CoinGecko, Augur and Emoon are also already utilizing the system.
By eliminating third party exchanges as intermediaries, the platform allows dApp to dApp or wallet to wallet transfers and conversions minus the exchange commissions. Instant has also been designed to allow crypto-based price feed websites to monetize traffic by adding their own fees on transactions within the site.
Despite the market slump, the head of village council in Ukraine has managed to earn profit from a cryptocurrency investment he made on behalf of the residents of the Elizavetovka, Dnipropetrovsk region. Earlier this year, Maxim Golosnoy bought a small amount of cryptocurrency using his own savings and has recently distributed dividends to the villagers.
Squares Cash App has achieved a key milestone on the road to mainstreaming bitcoin usage by becoming the most popular app in the finance category on the U.S. Google Play Store ahead of PayPal. The app, which has spent much of the past year gaining tremendous amounts of ground within the millennial market segment is Continued
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Crypto markets are turning south again as minor gains get wiped out. Total market capitalization dropped below $110 billion during the mornings Asian trading session as red dominates the charts at the moment.
Dropping a further 2.5% on the day Bitcoin is heading towards the next predicted support level around $3,000. This will be absolutely crucial and a fall below it will spell a lot of pain. At the time of writing BTC had fallen to $3,490 in a steady downward slide that has lasted almost two days.
Ethereum is back at $90 and looking weaker by the moment as it too dumps almost 2% since the same time yesterday. ETH is back at May 2017 prices but heading down instead of up; further declines could see it get to $50 very quickly.
Altcoins are all dumping again and the only winner in the top ten is Tether which has climbed the chart to fifth spot as market caps crumble. Bitcoin SV is dumping the most at the moment with a 7% slide back towards $90. EOS has also fallen over 5% as it jostles for position with BCH which has sunk back towards $100.
The top twenty five is equally as bleak with over 6% losses for Monero and Tezos. Iota and Ethereum Classic are the only altcoins not falling at the moment as they remain in the green, but only just.
Only one big fomo pump is occurring at the moment, the top performing coin in the top one hundred at the time of writing is WAX surging 30%. Bitcoin Private is not doing too badly with a gain of nearly 9%. There are quite a few at the painful end of the table dropping double figures right now and they include MOAC, Decentraland, Factom, and Decred.
Total crypto market capitalization has declined a further 3% on the day and is currently just above $110 billion. Since last Tuesday mar...
Australian truck and transport insurance company National Transport Insurance (NTI) has revealed that it is partnering with BeefLedger, an Australian blockchain platform on a pilot program that will deploy blockchain technology for end-to-end tracking of Australian beef exports. Aimed at improving food safety, export security and animal welfare in Australia, the program will use a
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Keeping abreast of cryptocurrencies means frequently browsing and interpreting vast amounts of content from various online sources. As the crypto markets expands and matures, information overload becomes a problem. Astute traders are increasingly seeking crypto-specific tools that can distill the noisy input data into quality insights. Predicoin is one such potential solution.
Bitcoin price is struggling to climb above the $3,500-3,520 area against the US Dollar. BTC might decline towards the $3,340 support in the short term before higher.
There was a slow and steady decline in bitcoin price from the $3,638 high against the US Dollar. The BTC/USD pair was rejected near $3,640-50 zone after it recovered from the $3,253 low. Moreover, it failed near the 61.8% Fib retracement level of the last slide from the $3,851 high to $3,208 low. The price recently declined below $3,520 and $3,480 to enter a short term bearish zone.
During the decline, sellers pushed the price below $3,400 and the 100 hourly simple moving average. Besides, the price broke the 61.8% Fib retracement level of the recent wave from the $3253 low to $3,638 high. However, the $3,340-50 support zone is acting as a decent support. On the upside, an initial resistance is near the $3,445 level, above which the key hurdle is near $3,520. More importantly, yesterdays highlighted crucial bearish trend line is intact with resistance at $3,520 on the hourly chart of the BTC/USD pair. Therefore, the price is likely to struggle near the $3,500 and $3,520 resistance levels.
Looking at the chart, bitcoin price may perhaps rise to test the $3,520 resistance before lower. On the downside, if the price finds a strong buying interest near $3,340, there could be a fresh upward move above $3,500-20.
A cryptocurrency airdrop fundraiser has been launched to help Venezuelans. People are donating funds via a number of different coins to the citizens of the crisis-stricken South American nation many of whom are refugees.
Launched by Airtm, a digital wallet connected to banks and blockchains, the fundraiser plans to send $1 million in digital currency to 100,000 ID-authenticated Venezuelans. Donations can be made in bitcoin, bitcoin cash, zcash, dash, ethereum, litecoin, ripple, and others. They can be quickly used or converted to dollars by Venezuelans.
So far, Airdrop Venezuela has proven to be popular. Launched on Nov. 27, close to $50,000 has been raised at the time of this writing. Ten dollars wort...
Bitcoin SV is struggling to recover above the $100 handle. Monero (XMR), Tron (TRX) and Cardano (ADA) are down and they could continue to decline in the short term.
After a push above the $100 handle, bitcoin SV failed to hold gains and declined below the $98 and $95 support levels. The price is down around 7% and it seems like it may test the $90 support level. If there are more losses, the price may even test the $88 level.
On the upside, key hurdles are near the $98 and $100 levels. As long as the price is below $100, bitcoin SV is likely to extend losses in the coming sessions.
Monero price declined heavily recently after it broke the $50 support level. XMR is down around 6% and it may continue to slide towards the $42 or $40 support levels. On the upside, the main resistance is at $50, above which the price could climb higher.
Tron price is currently flat near the $0.0135 level. On the downside, an initial support is at $0.0130, followed by the key $0.0120 level. On the upside, TRX buyers need to clear the $0.0150 resistance for a decent recovery.
Cardano price is still holding the $0.0300 support level. If ADA sellers gain pace below $0.0300, there are chances of heavy losses towards the $0.0285 and $0.0280 support levels. Resistances are at $0.0315 and $0.0320.
Over the past 24 hours, the prices of both Bitcoin (BTC) and Ethereum (ETH) have fallen by more than three percent against the U.S. dollar. The cryptocurrency market experienced an abrupt $4 billion drop in its valuation, by just about 3.5 percent. While major cryptocurrencies struggled to demonstrate signs of a potential corrective rally, small
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Ripple price is failed to gain bullish momentum against the US Dollar and Bitcoin. XRP/USD declined below $0.3000 and it may drop further below $0.2870.
Recently, ripple price corrected above the $0.3040 and $0.3120 resistances against the US Dollar. The XRP/USD pair traded close to the $0.3180 resistance, which acted as a barrier for buyers. A short term top was formed at $0.3177 and later the price started a downside move. It declined heavily and moved below the $0.3040 and $0.3000 support levels. Sellers even pushed the price below the 76.4% Fib retracement level of the last wave from the $0.2904 low to $0.3177 high.
There was a close below $0.3000 and the 100 hourly simple moving average. The price traded close to the $0.2900 swing low. It is currently consolidating losses, with an initial resistance at $0.3000. Moreover, yesterdays highlighted key bearish trend line is intact with resistance at $0.3000 on the hourly chart of the XRP/USD pair. Therefore, if the price corrects higher, it is likely to face sellers near $0.3000 and the 100 hourly SMA. Should there be an upside break above $0.3000, the price may correct towards $0.3040.
Looking at the chart, ripple price may extend losses below $0.2870. Sellers could push the price towards the $0.2740 level. It represents the 1.618 Fib extension level of the last wave from the $0.2904 low to $0.3177 high.
Kenyan health services provider Health Land Spa has started taking BTC and other cryptocurrencies as a means of payment with a view to increasing accountability and averting losses. Across East Africa, cryptocurrency acceptance is on the rise, with at least two restaurants in Uganda and Kenya selling food for virtual currencies.
Tony Mwongera, founder of Nairobi-based Health Land Spa, told Kenyan news site Bitcoinke that he resorted to BTC to plug revenue loss. There was so much theft in my business. So I decided, why dont I use a technology which is safe and secure, and I decided to accept bitcoin [core] as a mode of payment....
Ethereum price failed to recover against the US Dollar and bitcoin. ETH/USD is likely to decline once again if there is an hourly close below $88 and $85.
After failing to clear the $98 resistance, ETH price started a fresh decline against the US Dollar. The ETH/USD pair traded lower and broke the $95 and $92 support levels. It opened the doors for more losses and the price settled below $90 and the 100 hourly simple moving average. At the moment, the price is trading near a major support area at $88, below which there could be a solid drop to $80.
More importantly, yesterdays highlighted key contracting triangle is intact with current support at $88 on the hourly chart of ETH/USD. On the upside, an initial resistance is near the $93 level. It represents the 50% Fib retracement level of the last decline from the $98 high to $88 swing low. Besides, the 100 hourly SMA is also near the $92-93 area. The triangle resistance is near the $94 level, which is a crucial hurdle for buyers. The 61.8% Fib retracement level of the last decline from the $98 high to $88 swing low is also near $94.
Looking at the chart, ETH price seems to be facing many hurdles near the $93 and $94 levels. Above $94, the main resistance is near the $98-100 zone. Therefore, the price could extend losses if buyers fail to gain pace above $94 and then $98.
Hourly MACD The MACD is currentl...
Local media has reported that the Peoples Bank of China (PBOC) has banned security token offerings (STOs). Pan Gongsheng, a deputy governor of the PBOC, has mobilized the same rhetoric used with regard to initial coin offerings (ICOs) in describing STOs, accusing security token offerings of comprising illegal financial activity.
Gongsheng recently told state-owned media channel China Central Television that STOs are s...
Trading of Civic (CVC), district0x (DNT), Loom Network (LOOM), and Decentraland (MANA) all ERC-20 tokens that run on the Ethereum network today went live on Coinbase Pro, and most received a bump from their listing on the crypto exchange. CVC, LOOM, MANA, and DNT Listed on Coinbase In a post earlier today, Coinbase
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Carol Goforth is a professor at the University of Arkansas School of Law. She recently published a paper about the consequences of having cryptocurrency regulations fall under a number of conflicting laws, defined by various U.S. authorities, all at the same time.
Crypto assets are currently regulated in the U.S. as property by the Internal Revenue Service (IRS), as money by the Department of Treasurys Financial Crimes Enforcement Network (Fincen), as commodities by the Commodity Futures Trading Commission (CFTC), and as sec...
David Johnstons new Yeomans Growth Capital will invest exclusively in live blockchain projects.
Tether (USDT) has recently found itself among the top five cryptocurrency assets by market cap despite its own declining capitalization due in part to the dramatic demise of other top currencies such as Bitcoin Cash and EOS. Thats particularly notable since Tether has shed around $700 million in assets since September which
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Former IMF Chief Economist and current Harvard University Professor of Economics and Public Policy Kenneth Rogoff believes that bitcoin and other cryptocurrencies currently amount to little more than lottery tickets at this moment in time. Writing in the Guardian on Monday, Rogoff stated that while some believe that cryptocurrencies have had their day and are
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HTCs first native blockchain phone will use Brave as its default internet browser
Months after publishing a blockchain call to startups that could benefit humanity, the United Nations International Childrens Emergency Fund (UNICEF) has invested in six blockchain startups. In January 2018, UNICEF called for early-stage technology startups that were registered in one of UNICEFs programme countries. It received over 100 applications from 50 different countries. The organization
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Seven South Korean crypto exchanges set up a debate in the countrys National Assembly to discuss crypto regulation
A member of the British Parliament wants UK residents to be able to pay their local taxes and utility bills using bitcoin. Eddie Hughes, a conservative MP (member of Parliament) for the Walsall North constituency, said this would be a great first step toward mainstream adoption of crypto. Hughes said its time for other members
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A recent analysis by Diar has found that stablecoin adoption is increasing based on on-chain transactions
U.S.-based insurance giant State Farm is testing blockchain technology to speed up the subrogation process in auto insurance claims
The UNICEF Innovation Fund will invest $100,000 in six companies to develop charity-oriented blockchain projects
Data supports the idea that a bottom in crypto markets is near. Lets consult the charts
Crypto markets have failed to hold on to modest gains from Dec. 9, Bitcoin is trading below $3,500
UNICEF is investing $100,000 in six blockchain startups to solve issues affecting developing economies.
By Steven Maxwell Cash is a problem for banks and governments. And, as we know, banks and governments are joined at the hip each...
State Farm is trialing a blockchain solution to streamline a currently-manual aspect of insurance claims.
From July to November, DApps based on the EOS blockchain saw 27 hacks, nearly $1 million worth of crypto
New crypto exchange ErisX has announced the appointment of veteran exchange founder Matt Trudeau as its chief strategy officer (CSO)
U.S. SEC chairman Jay Clayton declared in a speech that ICOs are effective, but securities laws must be followed.
Good Money, a crypto banking platform, raised $30 million for future development work.
2. Econ envy? Observations from psychology.
Chinese-based cryptomining firm Bitmain is shutting down the operations of Bitmaintech Israel, its research and development (R&D) center in Ra'anana, Israel, according to reports from local news outlet Globes.
The R&D center, which produced Bitmain's
first Israeli mining pool ConnectBTC, was launched in 2016 to
explore meaningful use cases of blockchain technology, as well as
artificial intelligence for the company's Sophon project.
As the market continues its bearish run, Bitmaintech will reportedly close down its operations and lay off 23 of its employees, including Gadi Glikberg, Bitmain's vice president of international sales and marketing, who held a managing role at the center.
The crypto market has undergone a shake-up in the past few months, which has forced Bitmain to examine its various activities around the globe and to refocus its business in accordance with the current situation," Glikberg revealed to employees.
As the downward trend of the cryptocurrency market continues, blockchain companies are having to make do with layoffs to stay viable. Last week, Ethereum studio ConsenSys said it was cutting 13 percent of its staff as the startup made moves to refocus its priorities.
Excited as we are about ConsenSys 2.0, our first step in this direction has been a difficult one: we are streamlining several parts of the business including ConsenSys Solutions, spokes, and hub services, leading to a 13% reduction of mesh members, a statement from the company explained.
Blockchain startup Steemit was also forced to let go of 70 percent of its workforce, citing the continued bearish trend in the market. Steemit CEO Ned Scott announced the layoffs in a blog post where he revealed that the revenue could no longer cover the costs the company incurs because of "the weakness of the cryptocurrency market, the fiat returns on our automated selling of STEEM diminishing, and the growing costs of running full Steem nodes."
This article originally appeared on Bitcoin Magazine....
SFOX, an institutional
crypto trading platform, recently released a comprehensive,
data-packed analysis on the possible causes of the volatility in
the cryptocurrency space over the month of November.
The report, which SFOX released on their website, covers a large amount of raw data, looking at factors such as price fluctuation on a day-to-day basis and trading volume. With the data, SFOX presents arguments on the overall volatility of various prominent cryptocurrencies, and their methodology includes the volatility of the S&P 500 and gold for comparison.
A press release shared with Bitcoin Magazine claims that there are four factors that contributed to Novembers wild ride. Not only was the market uncertainty leading up to the Bitcoin Cash fork a huge point of uncertainty for the space, but the hash war between Bitcoin Cash ABC (now recognized solely as Bitcoin Cash) and Bitcoin Cash SV also led to the current instability.
These analyses seem supported by the data that SFOX gathered, as the Bitcoin Cash volatility seems far-and-away to have the highest volatility of the cryptocurrencies studied in the report. ETH, LTC and BTC also showed a steady increase in volatility over this period, but the S&P 500 and gold markets remained consistent by comparison.
The value of cryptocurrencies has become as volatile now as it was during the beginning of the 2018 crash in February, so it should come as little surprise that the data reflects this relationship with regular stocks. Still, the report details many of the most significant events leading up to this volatility spike on a day-by-day basis, specifying exactly where the volatility began to increase.
Specifically, the report hones in on the days preceding the Bitcoin Cash chain split as exacerbating volatility. It also details the SECs dual prosecution of Paragon Coin and Airfox and Jay Claytons speech at the 201...
The founder of Bridgewater, the largest hedge fund in the world and one of the most successful investors of all time warns of a big crash ahead for the U.S. dollar.
He told Bloomberg news that the U.S. is headed for an inflationary depression.
Here are the bullet points from his recent interview:
Dalio says to think about Argentina and Turkey if you want to know where the next U.S. financial crisis is headed.
The old saying is people who live in glass houses shouldnt throw stones, and the U.S. has been throwing rocks everywhere. Its been attacking Russia and others financially, weaponizing the dollar to an extent we havent seen, and essentially pissing off the wrong people: other central bankers.
This is all setting us up for a big 2019 for both gold and Bitcoin.
Ill have new recommendations to you for early January.
Bitcoin's share in the cryptocurrency market reached an 11-week high late last week.
South Koreas government will spend $3.5 million to set up a blockchain-enabled virtual plant in the city of Busan
Paying local authorities and utility providers in Bitcoin should be possible, according to a UK Parliament member
SEC chairman Jay Clayton has said that ICOs can be an "effective way" to raise capital, but securities laws must be followed.
A report on the U.K.s money laundering and terrorist financing strategy highlights the need to address the emerging crypto sector
PayPals innovation lab based in San Jose has launched a blockchain-based token program that rewards innovation
Matt Trudeau, who has overseen some 10 global market launches, has joined crypto trading firm ErisX as chief strategy officer.
Facebook has listed five new blockchain-related jobs on its careers page within the past three weeks, as the social media giant continues to explore the technologys applications
Regulation making cryptocurrencies illegal has reportedly been suggested to the Reserve Bank of India by an Indian government panel
Cryptocurrency mining giant Bitmain has reportedly closed down its Israel-based R&D division, citing a crypto market "shake-up."
According to the Bitcoin Volatility Index as of yesterday, Dec. 9, volatility levels on the BTC-USD market have risen three-fold on the month
Ivey Business School at Western University (London Ontario, Canada) is looking for a Post doctoral Research Fellow to join our newly established CryptoEconomics Lab: http://cryptoeconomics-lab.com
The focus of the position is on conducting foundational research in the emerging discipline of cryptoeconomics, which examines the protocols and incentives that govern the production, distribution, and consumption of digital goods and services within decentralized online platforms.
The CryptoEconomics Lab at Ivey Business School is a cutting-edge initiative that is just getting started, and builds upon the schools Scotiabank Digital Banking Lab and its interdisciplinary team of faculty members and graduate students.
The wild west era of blockchain is ending and the scams and flimflams are being revealed but the fundamental of the technology will be used to build socially useful mechanisms.
By the way, the CryptoEconomics Lab has a good bitcoin crash course ( I believe that should be read, bitcoin crash-course!).
Facebook is advertising five job openings for blockchain talent across the areas of data science, coding and marketing.
Chinese mining giant Bitmain has reportedly closed its Israeli development center and fired 23 local employees
Bitcoin still has the potential to drop towards $3,000, despite a minor bounce from 15-month lows seen on Friday.
The right way to think about cryptocurrency coins is as lottery tickets that pay off in a dystopian future where they are used in rogue and failed states, or perhaps in countries where citizens have already lost all semblance of privacy. That means that cryptocurrencies are not entirely worthless.
Despite the devastating 51 percent attack on Vertcoin, ASIC-resistance is a goal worth fighting for.
Blockchain technology is slowly finding its way into more aspects of operations at Shinhan Bank
Australias National Transport Insurance (NTI) has announced it will trial a blockchain system to enhance the safety and provenance of beef exports abroad
A Japanese politician has proposed four changes to the taxation system he says will promote adoption of cryptocurrency in the country.
Heres what happened this week in Bitcoin in 99 seconds. Bitcoin hit a new yearly low just below $3,300. Altcoins fared even worse, with Ethereum falling below $90 and Ripple below 30 cents. The total crypto market cap stands at $108 billion with Bitcoins value comprising 55% of that figure
In this podcast, Luke and Jason of WeAreChange break down the conflict going on between the ruling class and the people of not only France but now Germany, Belgium, Sweden, and The Netherlands as well!
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In this weeks Hodlers Digest, Justin Sun promises to rescue EOS and ETH developers, while the SEC again delays the BTC ETF decision
After a seeing new year-to-date lows, Bitcoin has picked up and is trading close to $3,700 at press time
STOs have been underlined as illegal financial activity in China by the governor of the Chinese central bank
As if the drama surrounding the recent Bitcoin Cash split needed
a sequel, the vaudevillian sideshow has reached a new stage: the
A suit spearheaded by United American Corporation (UnitedCorp), a telecom company with a little-known blockchain subsidiary, BlockNum, is taking legal aim at Bitmain and its cofounder Jihan Wu; Bitcoin.com and its CEO, Roger Ver; Kraken and its CEO, Jesse Powell; and others. The suit is seeking injunctive relief, alleging that the defendants engaged in collusion for the purpose of control of the [Bitcoin Cash] network.
The suit indicates that it was filed on behalf of the plaintiff, UnitedCorp, and was launched on December 6, 2018, in the U.S. District Court for the Southern District of Florida.
We are bringing this suit on behalf of UnitedCorp because we believe strongly in the value and integrity of democratic, distributed and decentralized blockchain networks which will become more important with time. In order to maintain confidence in cryptocurrencies such as Bitcoin Cash, no person or entity can be allowed to control them, Benoit Laliberte, president of UnitedCorp, stated in a press release.
The lawsuit claims that during the recent November 15 Bitcoin Cash split, the defendants acted in unison to hijack the network and force an undemocratic protocol change.
This action involves a scheme by a tight knit network of individuals and organizations to manipulate the cryptocurrency market for Bitcoin Cash, effectively hijacking the Bitcoin Cash network, centralizing the market, and violating all accepted standards, protocols and the course of conduct associated with Bitcoin since its inception, the lawsuit reads.
An accusatory presentation entitled Anatomy of a Fraud on the Bitcoin (Bitcoin Cash) Network delves into the specific injunctions of each defendant. Notably, it claims that the defendants colluded with China, operating with the support of the Chinese government to centralize the Bitcoin Cash network resulting in Chinese entities now having established dominance over this important segment of the cryptocurrency market with proprietary software checkpoints and instituting other means of control over the system.
Defending its bold allegat...
In this video, we show you some of the things that are going on in Paris France! The Yellow Vest movement is taking to the streets like none in recent memory!
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BitGo has a new CEO for its custody business.
The cryptocurrency solution provider has recruited Richard
Corcoran as its new chief executive officer. Having retired some
years back after over 30 years in the traditional banking and
finance industry, Corcoran has come out of retirement to lead the
BitGo Trust Company, BitGo's crypto custody arm.
BitGo received approval from the South Dakota Division of Banking in September 2018, empowering it to act as a qualified custodian of digital assets for its institutional investors. At the time it was launched, BitGo Chief Compliance Officer Shahla Ali said that BitGo's custody would deliver modern security for modern assets.
BitGo CEO Mike Belshe highlighted the influence Corcoran would have on the firm, noting in the press release that he possesses a deep understanding of the opportunities and value creation that BitGo offers to its institutional customers.
Corcoran, who brings over 30 years of wealth management experience to BitGo, will be based in South Dakota, a state he knows well, having attended undergrad in South Dakota and spent most of his professional career working in the state.
As a trained attorney, Corcoran cut his teeth with business law firm Woods, Fuller, Shultz & Smith, where he spent 10 years, before switching to the First National Bank as executive VP of Wealth Management, both roles were in South Dakota.
As VP, Corcoran led a team responsible for managing a $4 billion
trust and a full-service investment brokerage department. Having
just retired from the First National Bank, Corcoran is coming out
of retirement to work in an industry that is, in many respects,
antithetical to his old beat.
When questioned on why he decided to join the blockchain industry, having just retired from the Trust business two years prior, Corcoran told Bitcoin Magazine that he was impressed with BitGo's leadership and how far the company had come.
"I was enjoying retirement this past year and wasn't seeking new opportunities. But I was so impressed by both Mike Belshe and BitGo's achievements, and I wanted to be a part of this exciting company that is delivering the highest levels of both security and regulatory compliance."
Corcoran would report to the company's board of directors, chaired by BitGo CEO Mike Belshe. Belshe, in a separate interview with Bitcoin Magazine, said Corcoran...
Malta-based cryptocurrency exchange Binance has added TrustTokens TrueUSD (TUSD) as a base currency, expanding the stablecoins available trading pairs.
Adding to TUSDs original BTC pair, Binance will add the
following trading pairs: BNB/TUSD, ETH/TUSD, XRP/TUSD, EOS/TUSD and
XLM/TUSD. The pairs, however, have not been integrated yet, and
representatives from TrustToken told Bitcoin Magazine that
more information regarding the integration will be revealed in a
forthcoming blog post.
The addition of TrueUSD as a quote currency offers more options to traders on the platform, who previously could only use Tether (USDT) as a trading hedge against other top altcoins on the platform.
Chief growth officer at Binance, Ted Lin, noted that the exchange had been impressed with the growth of TrueUSD since the stablecoin was first listed in May 2018. At the time, Binance had listed TrueUSD, but traders could only exchange it for ETH, BTC and BNB.
Now with a market cap approaching $200M, its clear the market values their product and were happy to support their continued growth. They believe as we do that operating in a trustworthy and transparent way is critical to the future development of the crypto ecosystem, Lin said.
Tory Reiss, co-founder of TrustToken, told Bitcoin Magazine that Binance chose TrueUSD as a quote pair due to the liquidity and trust that it is able to bring to the market. TrueUSD is currently the largest regulated stablecoin, which will allow traders to actually have enough supply to securely trade with a price stable cryptocurrency," he said.
TrueUSD is one of the most popular stablecoins in the market and the 25th largest cryptocurrency by market cap, according to CoinMarketCap. The token was developed by the Trust Token project as a stablecoin backed 1:1 by the U.S. dollar. While its market cap might still be far off from Tether's, TrueUSD has emerged as of late from Tether's shadows, outshining its competitor in its transparency through regular attestation and a reliable creation/redemption portal on TrustTokens website.
"We are hearing from traders that they value transparency and the ability to actually redeem when it comes to using a stablecoin. We like to say that redeemability leads to stability when traders know that they can exchange their tokens for U.S. dollars, they can have the confidence to use it in the market. We will see...
The U.S. Securities and Exchange Commission (SEC) has postponed its decision to approve or disapprove the VanEck/SolidX bitcoin exchange-traded fund (ETF). Per an official document published by the agency, the new deadline to review the VanEck proposal has been shifted to February 27, 2019, which the regulator claims would afford it the time needed to review the potential rule change further.
The SEC stipulates that the commission must either approve or
disapprove a proposal no later than "180 days after the date of
publication of notice of the filing of the proposed rule change."
However, there is a special clause that permits the agency to
extend this period by 60 days.
Since the proposed rule change was initially published in the Federal Register on July 2, 2018, December 29, 2018, would have made it 180 days. The extension to February 27, 2019, falls within the 60-day special consideration.
The statement from the SEC reads:
The Commission finds it appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change so that it has sufficient time to consider this proposed rule change.
The director of Digital Asset Strategy at VanEck/MVIS, Gabor Gurbacs, remains optimistic despite the delay from the financial regulator. He sent out a tweet saying while today's delay was expected, the SEC's concerns are being worked on and rectified in the form of "improvements in the markets on pricing, custody & surveillance."
Speaking at a recent event in New York, the SEC Chairman Jay Clayton spoke on why the commission might not approve a bitcoin ETF soon. Clayton had argued that most of the agency's concerns, such as market manipulations, surveillance, and custody, were yet to be addressed by crypto operators.
What investors expect is that the trading in that commodity thats underlying the ETF is trading that makes sense, is free from the risk or significant risk of manipulation. Those kinds of safeguards dont exist in many of the markets where digital currencies trade, Clayton had remarked.
...Eight senators behind the no-confidence vote cited the planned introduction of a state-backed cryptocurrency, known as the sovereign, that they said risked harming the countrys image and making the nation a potential hub for money laundering and terrorist financing.
......The International Monetary Fund has said the cryptocurrencys introduction puts the country in uncharted waters and raises the risk of losing its correspondent banking relationship with the US dollar.
The post TONE VAYS, G-4 Crypto SUMMIT: Bitcoin to Hit $1,500, Then $50,000! appeared first...
Braiins OS has just released a new update to their alternative opensource OS for Bitcoin ASIC miners available for Antminer S9 and DragonMint T1 with support for AsicBoost support enabled. The new Braiins OS Cobalt is here to replace the previous released called Wolfram bringing some improvements such as new status page, per chip frequency calibration for S9, improved bulk upgrades and full compatibility with the Awesome Miner management app.
Braiins OS uses over (version-rolling) AsicBoost in accordance with BIP310, so in order to take advantage of that feature that essentially reduces power usage while maintaining the same hashrate...
As chairman and co-founder of the Social Alpha
Foundation (SAF), Nydia Zhang has left a solid mark on the
blockchain and cryptocurrency space, though, as a young art student
at the University of Washington in 2011, blockchain was far from
the direction she saw her life taking.
Zhang earned her bachelor's degree in art history in 2015 and spent the next few years carving out a career for herself in the field of art management. After working for several museums around the world, including Pearl Lam Galleries, Seattle Art Museum and Vermillion Art Collections in Hong Kong, she ended up at the San Francisco Museum of Modern Art, where she served as a research manager and board member.
In a recent interview with Bitcoin Magazine, Zhang explained how she got involved in the blockchain arena, what started the Social Alpha Foundation, what the companys goals are and how the blockchain stands to affect global operations in the future.
Founded in 2017 in Hong Kong, SAF is a not-for-profit, grant-making platform that seeks to support blockchain education and outreach by empowering communities to utilize blockchain technology for social good. The organization offers no-strings funding to companies and projects that educate communities on blockchain technology for social change. SAF also provides grant money to non-commercial blockchain applications that focus on improving public health, education and the environment.
Successful applicants receive funds ranging from $10,000 to $100,000, depending on the size of their projects. Grants are typically offered in cryptocurrency from individuals and commercial platforms that have executed successful token sales, creating a channel for donors to adopt corporate social responsibility practices.
Zhang first decided to get involved in the blockchain space after sensing it could assist in future philanthropic efforts.
I felt there was a need to link forward-thinking individuals working within sectors that could have a positive impact on society with funds to bring their visions and dreams to fruition, she explains. This drove me to become the co-founder of SAF and to enable leaders within the field of blockchain to utilize the technology for social good.
Interestingly, SAF was Zhangs first venture into the blockchain community, though she says its been one of the most rewarding experiences of her profes...
R3 has unveiled a new app on their international blockchain, a global payment platform that uses Ripples XRP as its initial base currency.
The app, dubbed Corda Settler, continues R3s track record for pursuing ambitious blockchain projects, and it is allegedly purpose-built to allow for payment obligations raised on the Corda blockchain platform to be made through any of the worlds payment systems, both traditional and blockchain-based. The press release clarifies that XRP will be the first cryptocurrency specifically supported by Settler, but also stated outright that it would not be the only one in the foreseeable future.
In the release, Richard Gendal Brown, R3s Chief Technology Officer, offers some clarification on his companys choice of XRP specifically.
The deployment of the Corda Settler and its support for XRP as the first settlement mechanism is an important step in showing how the powerful ecosystems cultivated by two of the of the worlds most influential crypto and blockchain communities can work together, said Brown in the press release, adding that while the Settler will be open to all forms of crypto and traditional assets, this demonstration with XRP is the next logical step.
R3s Corda blockchain has already demonstrated its ability to handle a variety of different apps for different use-cases, and the Settler app will continue to operate on the same standard. According to the release, Settler will allow payments of all sorts to be settled via any parallel rail supporting cryptocurrencies or other crypto assets, and any traditional rail capable of providing cryptographic proof of settlement.
The press release concludes by describing a new functionality of Corda transactions, without specifically naming Corda Settler: namely, that parties in payment obligations now have the ability to request funds specifically in XRP. The team working on these updates at R3 evidently has some genuine confidence in XRPs appeal as a cryptocurrency and payment vehicle, despite having legal troubles with Ripple in the past.
The new app is hardly their first attempt to use a financial blockchain to reach clients all over the world, and they have had a solid track record in that field to boot. Earlier this year, R3 launched a...
Binance just offered its users an in-depth sneak peek of its
forthcoming decentralized exchange (DEX). Announced in March of
2018, the decentralized exchange will be built on Binances own
Binance chain, the soon-to-be base layer for BNB, Binances trading
currency that is currently an ERC-20 token.
Displaying the exchange in a testnet view, a representative from the Binance DEX team gives viewers a rundown of its main features: its web wallet, reading interface and built-in block explorer. The DEX, he reveals, will be available for users to trial on a testnet soon.
The developer opens the presentation by demonstrating the DEXs wallet function. So far, it houses two options, allowing users to create a new wallet with a store file and password or by generating a mnemonic (a.k.a seed) phrase.
In addition to these two, more options are in the works, the representative promises, though its unclear what form they will take (such as a hardware wallet or MetaMask integration, which are popular options for other decentralized exchanges).
Keeping with a DEXs promise to give coin holders control over their funds, users will be able to export their private keys from the exchange.
The video then dives into the exchanges actual trading interface, which is a near wholesale replica of Binances current layout, though with a few exceptions that include an account balance bar on the bottom left and a wallet address dropdown in the user icon in the top right.
In its final minutes, the video details the exchanges contingent block explorer. The explorer will give users all the expected functionality a block explorer brings for the Binance blockchain, including data querying for specific blocks, addresses, transactions and orders that have been executed on the exchange.
The Bitfury Group has recently announced a partnership with
crypto payment processing system Paytomat, working to bring the
Lightning Network to Paytomats participating merchants.
According to a recent Medium post made by LightningPeach, Bitfurys in-house specialized Lightning Network engineering team, the Bitfury Group is pouring its resources into Paytomats wallet and vendor system, enabling users and merchants on the Paytomat system to send and receive bitcoin payments over the Lightning Network almost instantly.
Both Bitfury and Paytomat participated in the Blockchain Expo in Amsterdam in June, and, after meeting, we began discussing our potential partnership opportunities, Pavel Prikhodko, the head of LightningPeach, told Bitcoin Magazine.
The partnership between the two companies seems like a natural fit. Bitfury specializes in building blockchain hardware and tools (such as mining chips), and Paytomat has a large base of customers and merchants already lined up.
Per the partnership, Bitfury will be incorporating Lightning directly into Paytomats platform. As Prikhodko described it, Bitfurys LightningPeach team integrated Lightning Network in Paytomat. Bitcoin Lightning payments are now built in to Paytomats merchant dashboard, allowing users to make instant and low-fee payments in Bitcoin.
The Lightning Network has generated a great deal of fame in the cryptocurrency space for its promise of instant and feeless microtransactions, but, as with many promising technologies, adoption can become a major hurdle. Prikhodko seems fully confident, though, in Paytomats ability to give Lightning and bitcoin sufficient exposure to its network of merchants.
You can find a list of merchants that are already working with Paytomat in their partnership section. Bitcoin Lightning payments on Paytomat will be made available to more than 300 merchants around the world.
On the aforementioned partnership section of Paytomats website, the company lists a wide range of vendors across Europe from the Iberian Peninsula to the Lower Countries and even as far as Ukraine. In ad...
As Bitcoin continues to near its potential bottom newbie traders are panicking despite the fact that the fundamentals of bitcoin are sound and unwavering even in this current climate! Just last month alone bitcoins market cap dropped by 37% and some say the bottom is yet to come with a bear market potentially lasting years! But what can savvy investors expect in 2019, 2020 and onwards?In this video Dan Dicks of Press For Truth speaks with Kenneth Ameduri of Crush The Street about the current market sentiment and the psychology of this space during this bear run and more importantly what you can expect bitcoin to do in the coming years as its now safe to say blockchain tech isnt going away anytime soon!
Having met the U.S. Securities and Exchange Commission (SEC) in
August 2018, officials of VanEck, SolidX and Cboe BZX Exchange have
met with the Commission again, in the latest attempt to convince
the regulator to approve the nation's first bitcoin exchange-traded
fund (ETF), according to an
official presentation submitted to the SEC.
The firms gave the pitch to the SEC's Division of Corporation Finance, Division of Trading and Markets, and Office of General Counsel.
The presentation given to staffers of the agency was focused on comparing the cryptocurrency market to other markets that already have exchange-traded funds, including silver and gold markets. The promoters of the VanEck/SolidX ETF hammered on its long-held view that the bitcoin market is ready for an ETF.
Using the vector error-correction (VEC) model to compare pricing data between exchanges over an extended period of time, the proponents argued that bitcoins price between the futures market and the spot market are connected. They then compared these price correlations to the markets for commodities like gold and silver, which also function as money substitutes to indicate that bitcoin features a "well-functioning capital market."
"The empirical evidence indicates that the spot and futures prices are cointegrated. This indicates that the spot and futures prices are tightly linked."
On the issue of market manipulation, one issue that the SEC has continued to point to in a number of ETF rejections this year, the firms argue that the market is more resilient than the regulators give it credit for.
"Several properties of bitcoin and the underlying ecosystem make it less susceptible to manipulation than other commodities that underlie already approved ETPs."
For most commodities, insiders might trade on information related to production or the "discovery of new sources of supply" of the product which could impact its price. With bitcoin, this is impossible as the inflation rate is fixed and transparent.
For this to be remotely possible, the "manipulation of the price of bitcoin on any single venue would require manipulation of the global bitcoin price to be effective."
Arbitrageurs would need to have funds distributed on crypto exchanges to have any chance of profiting from "temporary price...
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StableCoinsWar is an interesting new service that lists the most important data for a number of stablecoins such as their current price, market capitalization, market cap percentage, volume and velocity of money. A stablecoin is a cryptocurrency designed to minimize the price volatility, stablecoins are used as stores of value and are usually backed by fiat currency such as USD, EUR or other. You can get up to date and speed with a quick glance on the single page stats currently listing 8 of the most popular and used stablecoins with their top stats. Of course the top spot is held by Terher (USDT) as still the major stablecoin that is widely used, but it is slowly loosing positions to the number of newcomers. So if you use stable coins and want to be able to easily keep track on their performance, then do take a look at this useful service.
When bubbles get too big they need to be poppedand much like tearing a bandaid off of a wound doing it quickly is much more preferable than dragging it out. The cryptocurrency market has taken a massive hit in the past few days and while its difficult to call bitcoins bottom in this current climate of volatility, capitulation could be around the corner. In this video Dan Dicks of Press For Truth speaks with Josh Sigurdson of World Alternative Media about the bear markets all around, what factors are at play and more importantly what the individual can do to be better positioned moving forward.
Another update for the z-enemy 1.25 Nvidia GPU miner that comes with additional performance increase for both the new Nvidia RTX 2080, RTX 2080 Ti and RTX 2070 GPUs with up to 10% or even more in some cases. There are of course also optimizations for the older GTX 1080 Ti, GTX 1080, GTX 1070 Ti and lower model numbers from the Pascal microarchitecture, though here the performance boost is lower just about %3-7%, depending on your video cards. Definetly worth upgrading for the extra performance and there is also a bugfix that reduces CPU usage, so that can help as well to get better hashrate in some cases where the processor was overloaded previously.
Heres what happened this week in Bitcoin in 99 seconds. Overstock plans to sell its decades-old retail business in the next few months to focusing on its multiple blockchain-oriented startups. As a result of the announcement shares of Overstock surged as much as 26 percent although th
If youve read about Bitcoin, you would have also read about Bitcoin mining. Bitcoin mining is nothing but the process of creating Bitcoins from your computer. In this article, let us read about the meaning of bitcoin mining and if it is still profitable today.
Bitcoin mining involves updation of the ledger of Bitcoin transactions, called the blockchain. A user requires extremely powerful computers to perform mining. As a part of the process, miners race against each other in order to guess a particular number.
Earlier, there were several cryptocurrency adverts on Google, however, the same have now been banned making it difficult for miners to understand what they need to do when.
The first miner to make a successful guess about the number ends up updating the ledger of transactions and is rewarded newly minted Bitcoins.
Currently, if you want to earn profits with Bitcoin mining, there are certain strategies that you need to deploy. In April 2018, several bitcoin miners were at the risk of facing a shakeout and chances of profitability were low.
It is suggested that you put your money on equipment, storage, and cooling. You cannot profitably mine with a PC and GPU at home. Profitability can be calculated with the help of a Bitcoin mining calculator.
Bitcoin has emerged as an alternative to the banking system. This system allows for different operations with the transfer of funds from one account to another. Such a system does not need any central authority.
When users have a trustworthy central authority, money transactions are easy. For instance, when you tell a bank that you wish to transfer $100 from your account to another persons account, the bank is the authority with the power to process the transaction.
The bank alone takes charge of updating the ledger and holds the balances of everyone in the system
So, whats the process of establishing a decentralized ledger system? How can you give authority to someone to update the ledger without worrying about the incapability or their negligence?
Bitcoin answers all. It rules and has the required protocol to solve all these problems in a unique and interesting way.
Many people are not aware that the US Dollar is about to be intentionally collapsed in order to bring in a global currency.
Yesterday I posted an article warning that the IMF was setting up a world currency, a one world currency that would utilize blockchain as its means to bring in the cashless society. Inside that article Brandon Smith from Alt-Market.com wrote so eloquently the following:
In 1988, The Economist, a globalist publication, predicted (or rather, announced) that a global currency system would be launched in the year 2018. It is now clear that crypto and the blockchain are that system. This system would eventually use the IMFs Special Drawing Rights basket as a kind of bridge to a one world currency, which they referred to as the Phoenix. Though some people claim that the SDR itself is not a currency, globalists apparently disagree.
Mohamed El-Erian, former CEO of PIMCO, praised the idea of using the SDR as a world currency mechanism and as a means to counter populism, reiterating the plan outlined in The Economistin 1988.
In The Economist article, it is also hinted that the role of the U.S. as an economic center for the world and the role of the dollar as world reserve currency will have to be diminished in order to clear a path for the new world order system. We see this already taking place now, as we verge on an economic crisis which could easily collapse equity markets, bond markets, as well as the reserve status of the dollar itself.
With all that said, we can be certain that there...
IMF Setting Up World Currency & NWO End Game
The following article was written by Brandon Smith and originally published at Alt-Market.com.
There are two kinds of globalist schemes: First, there are the schemes they spring on the public out of nowhere haphazardly in the hopes that the speed of the event along with some shock and awe will confuse the masses and make them psychologically pliable. This strategy loses effectiveness quickly, though; the longer the plan takes to implement, the more time the people have to reconsider what is actually happening and why.
Second, there are schemes they slowly implant in the collective psyche of the citizenry over many years, much like subliminal messaging or hypnosis. This strategy is designed to make the public embrace certain destructive ideologies or ideas as if these ideas were their own.
The cryptocurrency scam is of the second variety.
I have been suspicious of the cryptocurrency narrative of a decentralized and anonymous monetary revolution since 2009, when I was first approached by people claiming to be representatives of bitcoin and asked to become a promoter of the technology. After posing a few very simple questions and receiving no satisfactory answers, I declined to join the bandwagon or act as a frontman.
The currency was backed by nothing tangible (and no, math is not a tangible resource). Anyone could create a cryptocurrency out of thin air that had attributes identical to bitcoin, therefore there was no intrinsic value to the technology and nothing stopping the creation of thousands of similar currency systems, eventually making bitcoin worthless. The scarcity argument for crypto was fraudulent. And, in the event of a grid down or an internet lock-down scenario (as has occurred in the past in nations under crisis), crypto was useless because the blockchain ledger was no longer accessible.
Trading with private wallets made little sense; how many people were you likely to run into in your community with a bitcoin wallet? The amount of time and energy required to accumulate these digital nothings seemed counterproductive to me in light of the fact that they might not be there when you actually needed them.
The only attributes...
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