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Bitcoin bulls believe that the current currency tussle between world leaders will ultimately prove decisive for BTC. Some commentators are even pointing to significant signs of bitcoin becoming a hedge for many investors against uncertainties in traditional markets. President Trump…
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Jens Weidmann, President of Bundesbank, believes mainstream adoption of digital currencies will lead to a systematic destabilization of the financial markets and banking system, May 30, 2019. More Doomsday Predictions Central banks around the world are exploring the potential of…
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The wait for a Bitcoin exchange-traded fund (ETF) continues to drag as the U.S. Securities and Exchange Commission (SEC) on May 20, 2019, again delayed deciding on a Bitcoin ETF proposal by the VanEck SolidX Bitcoin Trust. SEC Taking its…
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During an episode of the Keiser Report, a discussion hosted by Max Keiser, streamed on May 17, 2019, the Chief Strategy Officer of Blockstream, Samson Mow, declared that their satellite in the geosynchronous orbit broadcasting the Bitcoin blockchain could prevent…
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Owing to the rapid increase in wireless devices, the U.S. regulator Federal Communications Commission (FCC) is considering blockchain technology as a means to track, record, and monitor the use of radio wave spectrums, reported IT and Financing magazine ComputerWorld on…
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According to a report released on April 25, 2019, Austria is planning to review and establish a fintech regulatory sandbox in an attempt to align financial markets around digitized services, ICOs and cryptocurrencies with the country’s law and help grow…
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The New York Attorney General (NYAG) Office on April 25, 2019, published a document alleging cryptocurrency Bitfinex and its popular dollar-backed stable coin Tether (USDT) of colluding to cover $850 million loss in client and corporate funds. Bitfinex and Tether…
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According to a Bloomberg report published April 25, 2019, Singapore-based Liquidity Offset Network, the world’s first clearinghouse for crypto derivatives could launch as early as July 2019 should it get the green-light from the Singapore Monetary Authority (SMA.) Ushering in the…
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John McAfee, the eccentric British-American cryptocurrency evangelist and computer programmer that founded McAfee Associates, one of the earliest software firms in the world, has suspended his plans of unmasking the identity of Satoshi Nakamoto, the pseudonymous creator of Bitcoin, reports…
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Based on earlier projections, Binance announced the launch of their decentralized exchange (DEX) on April 23, 2019. The announcement came when the exchange’s CEO Changphang Zhao (“CZ”) reportedly burned five million ERC-20 BNB tokens. Interested parties are now able to…
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According to a Bloomberg report published April 11, 2019, Initial Exchange Offerings (IEOs) have emerged as the preferred way of raising funds for the majority of new startups in the blockchain and crypto space. IEOs Trump ICOs Keen followers of…
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There is a little more clarity regarding the legal status of digital assets as two SEC officials have published a framework that helps in determining whether an asset qualifies as such on April 3, 2019. A Guiding Force The Securities…
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The Tron Foundation, the group behind the TRON (TRX) blockchain project, one of the largest platforms for the development of decentralized applications (dApps), has buttressed the need for developers on the platform to refrain from creating dApps that do not…
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According to a March 19, 2019, press release by market intelligence and research firm Transparency Market Research (TMR), the market for blockchain technology is expected to surge at a compound annual growth rate (CAGR) of 58.9 percent during a forecast…
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The cryptoasset price data platform CoinMarketCap is not only the go-to platform for digital asset prices but remains one of the most visited websites on the Internet. While CoinMarketCap (CMC) has managed to play a vital role in introducing cryptocurrencies…
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Regulators have eased concerns surrounding regulation over blockchain technology as many consider it might stifle the development of the industry. Yahoo Finance reported that on March 7, 2019, during this year’s DC Blockchain Summit in Washington, D.C, regulators have eased…
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Binance CEO Changpeng Zhao responded to a report regarding Binance Lab’s agreement with Argentina to co-invest in blockchain-based projects that his company supports. He hinted at the possibility of launching a fiat-to-crypto project in the crypto-friendly South American country. Fully...
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William Gavin, the famously crypto-critical Secretary of the Commonwealth of Massachusetts, seems to have had a change of heart as it was reported on March 7, 2019, that he had set up a fintech advisory Group. Advisors for a new...
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Mark Zuckerberg hinted in a February 20, 2019 interview that he is considering making use of blockchain technology for data authorization purposes. Data Authorization Facebook has taken its time when it comes to entering the blockchain market. For a while,...
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Unlike Jack Dorsey, Elon Musk, the Tesla CEO, isn’t ready to adopt bitcoin and other cryptocurrencies. This admission comes despite a few previous cryptocurrency-focused tweets published by Musk in the past. Even though the Tesla chief says he isn’t going...
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On February 2, 2018, Coinsquare Head of Talent Martin Hauck posted a message on LinkedIn, explaining that the company had to let go approximately 40 of its’ employees due to difficulties the company faced in recent months. The Canadian cryptocurrency exchange...
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After previously withdrawing their application due to the government shutdown, CBOE and VanEck have re-applied for a crypto ETF from the SEC on January 31, 2019. One More Try There has been a long and drawn out battle to secure...
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While the revolutionary distributed ledger technology (DLT) is slowly but steadily gaining traction in various sectors of the world economy including supply chain, healthcare, and others, American multinational investment bank, JPMorgan says it may take another “three to five years”...
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Gemini, a U.S.-based regulated cryptocurrency exchange and custodian, has announced the completion of its Service Organization Control (SOC) 2 Type 1 examination conducted by Big Four auditor, Deloitte & Touche LLP. The examination makes it the first cryptocurrency trading platform...
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According to a report by VentureBeat published on January 28, 2019, U.S. GPU manufacturing company Nvidia’s stock fell by more than 15 percent on Monday over fears of the company’s poor performance in the crypto mining industry. The company has...
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The Singaporean government has declared that cryptocurrencies aren’t legal tender and has cautioned business owners against accepting it, just as JK Jewellery has announced that crypto would be accepted in their stores. The Debate Surrounding Legal Tender The legality of...
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According to a press release published on January 19, 2019, WISeKey International Holding Ltd. has entered into an agreement with Blockchain Research Institute (BRI) to establish interconnected “Blockchain Centers of Excellence” around the world. Geneva Annual Blockchain Congress Per the...
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Bitwise, a U.S.-based cryptocurrency index fund provider, has filed an initial registration statement with the Securities and Exchange Commission, proposing a physically held Bitcoin ETF, the SEC announced on their website on January 10, 2019. Bitwise Files for a new...
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A Russian economist believes that the impending U.S. sanctions against Russia will force the country to start diversifying its reserves with Bitcoin as early as February 2019, Micky reported on January 8, 2019. New Sanctions Could Trigger a Bull Market...
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The highly-publicized acceptance of Monero at the official merch store of Fortnite, the world’s most popular game, was an “accident,” the founder of Epic Games, Fortnite’s parent company, revealed on Twitter on January 6, 2019. Accepting Monero Was a Mistake...
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The price of bitcoin traded sideways in the first few days of 2019. The price fluctuated between $3,707 and $3,947 and closed the week effectively unchanged versus last week’s close. As expected, news flow over New Year’s was muted as...
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Blockchain technology has attracted significant attention since it was brought into the limelight a decade ago by Bitcoin (BTC) and the innovation has gradually been gaining traction in several industries across the globe, however, distributed ledger technology (DLT) is yet...
