October 25, 2019

Bitcoin Macro Bullish After Transferring $11 Trillion in Wealth Over Past Decade

Bitcoin (BTC) has been caught in the throes of a persisting bear market over the past several weeks and months, and it has failed to garner much significant upwards momentum throughout the course of its recent downtrend.It is important to note that a few fundamental factors are painting a very bullish picture for Bitcoin in...
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Bitfinex Claims it is a Victim of Crypto Capital’s Illicit Business Practices

Over the years, there have been numerous allegations of wrongdoings by the Bitfinex exchange. None of those claims have ever been proven. In a recent announcement, the company claims it too fell victim to the business practices by Crypto Capital. A somewhat surprising turn of events, albeit it would explain a few things.  The Crypto...
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Bitcoin (BTC) Surges Over $1000 In Minutes As China Embraces Blockchain

The new BTC research shows that since the launch of the cryptocurrency, BTC was pronounced dead at least 300 times and in the height of the bear market in 2018, a total of 90 times. As we are about to read in the bitcoin news now, the benchmark cryptocurrency has proven to be the best...
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Big Crypto Exchanges Join Kakao’s Blockchain Division

Malta-based crypto asset exchange OKEx is the latest name to join the blockchain project of the Korean social messaging giant Kakao. OKEx said in a press release that it hopes its involvement with Klaytn, as the public network is called, will help encourage blockchain adoption around the world.The public blockchain aimed at enterprise users has...
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Vitalik Buterin Claims Google’s Quantum Computer Is Far From Useful

Around half of all people working in the blockchain industry are apparently employed by cryptocurrency exchanges, the latest blockchain news show. According to new research carried out by the industry focused publication The Block, more than 40% of the blockchain employees are part of cryptocurrency exchanges.The research results were published on October 23, noting that...
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Tron Performs Better Than Most Altcoin Today Thanks To ‘Tether Effect’

The crypto-custody company BitGo, based in California, will now provide support for the digital currency TRON as the announcements reached our Tron news today. BitGo will offer Tron functionality across both the hot wallet and custody solutions.As we can read from today’s release the crypto-custody company BitGo is one of the largest custody solutions platforms...
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Bitcoin Price Analysis: Bulls Reverse Entire Bearish Drop

[embedded content] Summary: A $1,500 candle proved bullish resolve for the bitcoin price as the entire bearish drop that occured this week was engulfed. The market is currently testing a major level in the $8,800s and there is a potential short squeeze setup that could propel the market even further. There are a ton of...
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Huobi Japan Raises $4.6M for Expansion

The Japanese branch of cryptocurrency exchange Huobi has raised about $4.6 million in equity funding by issuing new shares to Japanese financial services company FPG Corporation. Huobi Japan announced the move noting that the raised funds will be put toward expanding its business. Huobi has been working to expand for quite some time. Based in...
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‘Scam’ or Iteration — in Berlin, Bitcoin Diehards Still Believe in Lightning

“There’s actually this class of trolls on Twitter that loves to troll me, and they love to say this thing about ‘18 months,’ where supposedly Lightning was supposed to be ready in 18 months,” Elizabeth Stark jokingly explained. “At one point I may have commented that a beta was gonna be out … and we...
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Bitcoin Price to Pump Further After Friday’s 15% Bounce: Analysts

Seemingly in response to news that China has officially endorsed blockchain development, Bitcoin (BTC) surged on Friday, liquidating $150 million worth of BitMEX shorts in the process. Ouch.At its daily peak, the cryptocurrency’s price hit $8,800 — the highest it had been in over three weeks. As of the time of writing this article, Bitcoin...
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Crypto SIM Hack: Somber Reminder To Never Invest More Than You Can Afford to Lose

The crypto market is a volatile market, and the emerging class of digital assets can both make millionaires overnight and completely wipe out one’s wealth in days.The post appeared first on NewsBTC
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Xi Jinping Calls Blockchain A Breakthrough: Was FB’s CEO Right About China?

Around half of all people working in the blockchain industry are apparently employed by cryptocurrency exchanges, the latest blockchain news show. According to new research carried out by the industry focused publication The Block, more than 40% of the blockchain employees are part of cryptocurrency exchanges.The research results were published on October 23, noting that...
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Bitcoin Prices Takeoff Again as Chinese President Makes Pro-Blockchain Comments

The Chinese President Xi Jinping makes pro-blockchain statements as Bitcoin price jump more than 13%. Bitcoin prices which have been sliding for the past few days recovered slightly after President Xi Jinping was reported to have made statements that support the Chinese use and adoption of Blockchain technology. Sources indicate that the statements credited to...
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U.S Senator denounces misinformation about cryptocurrencies

On CNBC’s Squawk Box, Republican Senator Mike Rounds spoke about the state of digital payments in the United States. He proposed that the lack of information in the cryptocurrency space is driving mistrust in the community, and that new regulations should be developed to support new innovation. He added, “I think most members of the...
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Lyn Ulbricht Speaks Out Against Unfair Silk Road Sentencing, Facebook and Government Hypocrisy

U.S. representative Ann Wagner noted at a recent hearing that child pornographic material has been reported on Facebook more than any other site. Lyn Ulbricht, mother of currently imprisoned Silk Road founder Ross Ulbricht, spoke out in a video livestream Wednesday against her son’s unfair sentencing and the hypocrisy of allowing sites like Zuckerberg’s to...
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Binance Is Making Trading Automation Free with the Help of 3Commas Service

From now on, Binance cryptocurrency exchange will use 3Commas automation tools to leverage the two leading companies’ respective strengths across the cryptocurrency platform and facilitate transactions. The full functionality of 3Commas will be provided at no charge to all new Binance accounts registered directly from the 3Commas website. This is the first time in Binance...
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Twitter will Never be a Part of Facebook’s Libra “Crypto”, Says CEO

Jack Dorsey has said “hell no” to the thought of Twitter joining the Libra Association. He also said that he didn’t understand why the project needed its only crypto asset-like currency to deliver on its stated goals.Dorsey said he much preferred decentralised crypto assets. He added that he thought Bitcoin was well on its way...
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Bitcoin SV Added 12% As Bitcoin Starts Recovery Journey

The crypto supporters and prominent members of the community announced to be boycotting Wright’s attendance on the London Blockchain Conference by not coming to the event at all as we are about to read further in the blockchain news today.The CC forum on Blockchain, digital innovation, and AI starts in London and Craig Wright is...
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Crypto Capital President Arrested, Bitfinex Releases Statement

Ivan Manuel Molina Lee, the president of payments processor Crypto Capital, was reportedly extradited into Polish police custody from Greece on October 25, 2019. Polish media sources have reported Lee’s entrance into Poland, escorted by a police detachment, in connection to money laundering for Colombian drug cartels through the cryptocurrency exchange Bitfinex. The Bitfinex, Crypto...
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Binance And Chainlink To Collaborate For ‘Next-Gen DeFi Apps’

The latest Binance news show that the exchange‘s branch that is active in the United States, named Binance America, recently broke the $10 million volume mark. As the updates show, it would have taken longer to unlock this achievement before.At press time, the exchange has seen more than $10,480,000 in daily trading volume according to...
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Prominent investor believes Ethereum’s monetary policy is underrated

Ryan Sean Adams, a crypto investor at Mythos Capital, believes Ethereum has a significantly better monetary policy than Bitcoin. In his Bankless newsletter, Adams argued that Bitcoin’s fixed supply means there will be fewer funds to subsidize security, while Ethereum’s minimum necessary issuance (MNI) means greater network security. Ethreum prioritizes network security over fixed cap...
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Nearly 13 Million US Women Hold Cryptocurrency, Study Claims

The United States of America plays far less of a crucial role in cryptocurrency than most people would think. The ongoing regulatory uncertainty is partially to blame for this trend. A new survey by Finder confirms some Americans do own substantial amounts of cryptocurrency, yet most of them are still not taking too many chances...
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Are Decentralized Office Apps an Alternative to Microsoft and Google?

The decentralized applications (dApps) space tends to be dominated by two categories, DeFi and gaming. This is true if you look at the major blockchains like Ethereum, EOS or Tron. However, aggregator site app.com lists a diverse bunch of dApps based on Blockstack. Among these is a suite of decentralized office apps that claim to...
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Bitcoin Bounces at Key Support Level as Bulls Fight Back

Bitcoin and the aggregated crypto markets have posted a decently strong rally overnight after incurring a steady stream of downwards pressure that has sent BTC to fresh multi-month lows within the lower-$7,000 region.Analysts are now noting that this latest bounce came about after the crypto visited a key long-term support level and are also noting...
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Libra’s threat to central banks raises questions about its launch

Facebook‘s Libra will find it difficult to get any support in the current ecosystem. Since its announcement back in June, criticism with regards to its centralized control and Libra’s inefficiency to come to terms with regulations has piled up on its development, with many now believing that Libra will never officially get approval for launch....
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Binance to support DeFi through Chainlink collaboration

On October 25, Binance officially announced that it would be supporting growth of decentralized finance (DeFi) by collaborating with Chainlink to connect the cryptocurrency data on its platform to blockchains.  In its official announcement, Binance said that while base layer development is accelerating, it is important to remember that the logic behind smart contracts is reliant...
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Bitcoin’s Secular Bull Market May Have Ended, Long Term Bear Incoming?

As soon as Bitcoin broke up and out of the trading range where the current bottom was set, the cryptocurrency community was certain it spelled the end to the bear market, and that Bitcoin was entering a new bull run – one that would take it to its next all-time high at prices predicted to...
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Bitcoin Price Catapults Near $9,000 with Triumphant 14% Rally

The bitcoin price zoomed higher on Friday, reversing its punishing losses from earlier in the week. Following a 14% rally, BTC now boasts a market cap of more than $150 billion. Some observers have connected the move to Chinese President Xi Jinping’s recent comments on blockchain. Despite a wave of bearish calls on social media...
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Hackers Breached Johannesburg’s Network In BTC Ransomware Attack

The latest crypto news show that the United States Commodity Futures Trading Commission (CFTC) announced the filing of a civil enforcement action against the Nevada-based Circle Society. On October 16, the CFTC files a lawsuit showing that it is charging Circle Society and its owner, David Gilbert Saffron, with “fraudulent solicitation, misappropriation, and registration violations...
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Ethereum’s Istanbul hard fork scheduled for early December

As Ethereum 2.0 approaches its expected deployment timeline, the community has been shedding focus on other developments within the ecosystem. While Ethereum co-founder Vitalik Buterin recently highlighted the recent change in Sharding protocol, Tim Beiko, Product Manager at PegaSys Protocol Engineering shared yet another update regarding the much expected Istanbul hard fork. Through a series...
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