November 4, 2019

Transaction volume on Cardano’s network spikes amid new developments

During the past week, the total volume of transactions larger than $100,000 in ADA surged exponentially. Data from IntoTheBlock also revealed that while the overall amount of Cardano transactions has been steady, the volume is increasing, which could be later reflected in its market value. Cardano’s transaction volume on the rise According to data from...
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Analyst: Ethereum Price Likely to Stagnate Until Bitcoin Gets Moving

After facing some downwards pressure yesterday, Ethereum (ETH) has been able to post a decent climb today that has allowed it to further establish its current foothold within the mid-$180 region. This price action has been strikingly similar to that of Bitcoin, and it does appear that the two assets are strongly correlated at the...
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Germany Needs one Million Charging Stations for Electric Cars by 2030

Electric cars continue to make their mark on a global scale. German Chancellor Angela Merkel expects a big boom in this regard.  To prevent any potential problems, she aims to have at least one million charging stations across the country by 2030. Electric Cars Need Charging Stations  All over the world, consumers show an increasing...
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BitMEX Reassures: Nothing More Than Emails Have Been Leaked

SpaceX, one of the leaders in the space race, has publicly spoken about its plans to land the Starship on the moon in the next three years – and carry a manned mission soon after. However, just like the company’s plans to develop new technologies, it seems like blockchain in space is a concept that...
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Ethereum’s price consolidates; descending triangle projects negative pullback

Ethereum recorded a significant rise on 25 October, registering a growth of over 14 percent. However, the 2nd largest crypto-asset has been going through a consolidation phase since. Over the past week, ETH has been moving sideways between the range of $180 and $190 and at press time, its valuation was recorded to be $186.65....
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A Comparative Price Analysis of Exchange Tokens

Native exchange tokens have become a fairly widespread way for exchanges to fund their development. By creating native tokens and selling them to traders, exchanges have been able to raise capital to commence or enhance operations. In return, investors in exchange tokens receive rewards. Those rewards take many different forms. One is the utility of...
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Britain’s Tax Authority Updates Crypto Guidelines

Her Majesty’s Revenue and Customs (HMRC) has updated its guidelines on the taxation of transactions involving crypto assets. The United Kingdom’s tax authority clarifies its stance on cryptocurrencies and explains which taxes apply to specific activities carried out by business entities and private individuals. Also read: Bad Loans at Big British Banks Jump Over 50%...
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Major Crypto Exchange Announces Deposit Support for Bitcoin Scaling Update SegWit

Bitfinex has just announced a new update that will help support the Bitcoin network. The crypto exchange platform will allow users to deposit using bech32 (SegWit) addresses.SegWit is a method to effectively increase the capacity of the Bitcoin blockchain. It was introduced to the network via a soft fork in August 2017.SegWit Support Still Not...
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Bitcoin and Gold Jockey for Position in $10K Long-Term Investment Poll

In which asset class would you direct $10,000 in investment capital – bitcoin or gold? There’s one condition. You can’t touch the funds for 10 long years. According to a Twitter poll crafted by former U.S. Rep. Ron Paul, bitcoin and gold are the top choices, with the leading cryptocurrency having overtaken the precious metal...
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Video Review: Coldcard Mk3

In the video above, Bitcoin Magazine reviewed Coinkite’s Coldcard Mk3 bitcoin hardware wallet, evaluating it with a handful of important criteria, including coin control, UTXO selection, Lightning support and more. Appearance and Feel As the second version of Coinkite’s hardware wallet, the Mk3 feels almost identical to the earlier model. It features the same full-sized...
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Is BLOCKTV’s upcoming IEO a cash grab or the future of crypto media?

At the end of October 2019, the blockchain-focused media company BLOCKTV announced the Nov. 21, 2019, launch of its native cryptocurrency on Bittrex Global. The BLTV token will reportedly be used by creators, advertisers, and creators to improve engagement on the platform. Since the announcement, some commentators have, however, picked apart the real utility of...
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Bitcoin May Soon Make a Big Movement That Favors Bulls

After facing some downwards pressure yesterday, Bitcoin (BTC) has been able to incur some upwards momentum that has allowed it to climb back to $9,300, which marks a slight climb from its daily lows of $9,150.Analysts are now noting that Bitcoin is currently caught within a wide descending channel over a long-time frame, but a...
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Bitbuy and Cred Open Canadian Bitcoin Lending Platform

Bitbuy, a Canadian cryptocurrency trading platform, has teamed up with the cryptocurrency lender Cred to offer Canadians up to 10 percent annual interest on their bitcoin holdings. The offering has been launched on a subdomain of Cred’s website. According to a press release issued by the partners on November 4, 2019, a fully developed integration...
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UK Latest Crypto Tax Rulings Says BTC Is Not Real Money

Bitcoin’s price stable again above the $9K price point while it is still struggling to climb higher above the $9,300 and $9,400 resistance against the US dollar as we are reading in the Bitcoin price news.The price is trading above the key support levels of $9,000 and $8,960 and there was even a break below...
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ARPA’s Binance Community Voting Round & Growing Momentum Following President Xi’s Comments

ARPA’s CCV is scheduled to begin on 5 November and is to incorporate Binance’s new rules for the Community Coin Voting. ARPA – the layer two privacy-preserving computation protocol – is set to square off against Carry Protocol, a data purchase platform on Ethereum, in Binance’s second round of the Community Coin Vote (CCV). Voting...
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Ron Paul asserts crypto-industry will grow tougher; will scare government

Ron Paul, former Congressman and Presidential candidate, won the attention of many in the crypto-industry after he claimed to be bullish on its prospects. Paul, who is a known Federal Reserve critic, has time and again asserted that the Fed should steer away from cryptocurrencies. Recently, on the sidelines of the Litecoin Summit, Paul went...
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Ripple’s XRP Is Hesitant To Rally Despite Swell Conference

Despite the expectations that the Ripple’s token XRP will have a price increase because of the Swell conference in the first half of November, the token remains stagnant. Ripple’s XPR  is hesitant and is close to $0.29 in spite of the certain social media interest about token as we are reading in the XRP news...
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Data shows no increase in Bitcoin withdrawals following BitMEX email leak

Crypto derivatives exchange BitMEX hasn’t seen a major increase in withdrawals following the email leak it experienced last week. With 30,000 emails potentially compromised, the exchange prevented users from emptying their BitMEX balances by temporarily disabling Bitcoin withdrawals during the weekend. BitMEX users seemingly unmoved by email leak In what has now become the biggest...
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WhatsApp Sues Israeli Firm Over Cyber-attacks Against Human Rights Activists

WhatsApp is one of the most popular messaging applications to date. Its convenience is appreciated by most users. Surprisingly, the company is now entering a lawsuit against a cyber weapons firm.  It is rather surprising to see WhatsApp get involved in legal proceedings.  A Bold Move by WhatsApp The company feels NSO Group has performed...
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Bitcoin All-Time High Organic, Not Single Whale Manipulation, Says Vaneck Analyst

Researchers behind an earlier study claiming that US Dollar Tether (USDT) was the cause of the 2017 Bitcoin bull market peak now claim that a single large holder drove the price upwards. However, an analyst at VanEck believes this to be nonsense.Instead, Gabor Gurbacs claims that the rise was caused by “organic bitcoin and crypto...
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Barely a Year In, Nasdaq-Powered DX.Exchange Is Shutting Down

DX.Exchange, the Nasdaq-powered digital trading platform DX.Exchange is temporarily shutting down as the operational costs have become too high. Exactly nine months after opening its doors for business, DX.Exchange, a trading platform powered by Nasdaq, has thrown in the towel due to financial difficulties. Currently, the platform is looking for a buyer or better still...
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UK Officials Introduce Streamlined Cryptocurrency Taxation Guidelines

The current legal status of Bitcoin is difficult to gauge in the United Kingdom. A new taxation guidance update shows there is still some confusion to be cleared up. At this time, cryptocurrencies are neither currencies nor securities.  Governments around the world always try to derive taxes from revenue streams. This applies to income tax,...
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DCR and REP Lead the Market as TRX Hits Milestone, CHZ Gains, Nov. 4

BTC was flat for the week after recent strong gains but some altcoins saw strong advances with DCR and REP leading the pack. It was a relatively quiet week in the cryptocurrency market with BTC giving up 1% of its recent strong advance from the $7,500 support level and the coin trades just under the...
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SEC’s vs. Ripple Next Chapter Begins Today

Now it may seem that the battle on “whether XRP is a security” will never end for Ripple. Today the next chapter of a long-running and closely watched lawsuit against Ripple will happen. The plaintiff, Bradley Sostack, has time until the end of this Monday to file a response to the startup’s September 20 motion...
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Augur (REP) Surges 35% in the Last 30 Hours; What’s Next?

Augur (REP) has spiked over 35% in the last 30 hours. The Forecast Foundation is moving towards accelerating the development of the platform. REP could soon retrace before it continues its uptrend. Augur is on a roll as its price surged over 35% against the dollar in the last 30 hours. The recent announcements regarding...
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Dot Com Vs Crypto Bubble: A Glimpse Into Human Psychology and The Future of Bitcoin?

All financial markets are cyclical, including the cryptocurrency market. The price action of assets like Bitcoin, Ethereum, and even traditional assets like stocks or commodities, are driven by a complex balance of supply and demand, but also the psychology of each market’s participants.The post appeared first on NewsBTC
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Central Bank Blockchains and Corporate Ledgers Are Still Vaporware

There’s been a resurgence of blockchain discussion this year, especially after China’s President Xi Jinping lauded blockchain and told Chinese citizens the country needs to accelerate distributed ledger technology development. Despite the lack of producing anything worthwhile, for some odd reason mainstream pundits believe government-endorsed blockchains will destroy legacy cryptocurrencies. Also Read: Billion Dollar Bitcoin...
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The North American Bitcoin Conference Returns

TNABC and Miami Blockchain Week return to kick off 2020. On the 16th and 17th of January, 2020, pioneers of the global Bitcoin and blockchain community will converge in Miami for a historical conference, continuing to propel cryptocurrency from niche to mainstream. Now in its seventh year, The North American Bitcoin Conference is the longest-running...
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Leaked Emails From BitMEX Lead to Compromised Accounts

Compromised accounts have been traced using email addresses exposed in the recent BitMEX leak. An already known email address was allegedly used to work out login credentials to gain access to less secure accounts. Leaked Emails Already Tested for Weak or Repeated Passwords Comments on social media suggest that the leaked email list is also...
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Higher Bitcoin-Ether correlation is not proof of bullish-bearish causation

Crypto-markets are generally affected and driven by various factors; factors ranging from major announcements to entirely political events. Certain fundamental factors also play a key role, with the correlation of crypto-assets often considered a vital one. According to skew markets, Bitcoin and Ethereum have exhibited a higher correlation over the last two years. Since the...
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