November 5, 2019

Bitcoin, Bitcoin Cash, And Bitcoin SV: A Brief History For Crypto Dummies

With Bitmain’s return to the limelight and Craig Wright’s appearances in continuing legal drama, old Bitcoin rivalries have been flaring up again lately: Bitcoin and its forked brethren, Bitcoin Cash and Bitcoin SV. For those new to cryptocurrency, the fierce disagreements between these camps may be difficult to understand. What caused all the vitriol and...
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Libra, China’s DCEP might be ’cause for cautious optimism’ for Bitcoin

“It is the potential impact of these major international players on Bitcoin and other crypto-assets that most concerns the crypto community – specifically, whether these moves from Facebook and central banks will help or hinder institutional influx into crypto,” claimed Co-Founder and CEO of CryptoCompare, Charles Hayter, while addressing the social networking giant’s proposed crypto-project...
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Ethereum Nears Massive Resistance Region as On-Chain Volume Surges

After a long period of trading sideways within the mid-$180 region, Ethereum (ETH) has now begun to incur significant upwards momentum that has pushed it up to $190, which is where it faces some notable resistance that could ultimately push its price lower in the near-term.Analysts are now noting that this resistance level could halt...
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New Hire to Head Digital Currency Research at the US Fed

The United States Federal Reserve is looking to employ a Manager, Retail Payments, part of whose responsibilities will be to oversee the research of digital currencies and distributed ledgers. The job ad has been published amid pressure from Capitol Hill to explore the possibilities of issuing a digital dollar. Also read: Why Central Banks Are...
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OneCoin Lawyer Stands Trial for Role in Multi-Billion Dollar Crypto Scam

A lawyer who is believed to have laundered money associated with the OneCoin crypto scam is currently standing trial in New York. Mark Scott allegedly used offshore investment vehicles to take as much as $400 million out of the US on behalf of the company.OneCoin is one of the largest examples of a cryptocurrency scam...
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The European Central Bank Moves Closer to Issuing a Digital Currency

The European Central Bank is between a rock and a hard place. Keeping up with the current rate of innovation has been a struggle. Sources close to the matter claim the ECB will accelerate its plans to issue a digital currency.  Anyone in the world can create a digital currency. Central banks all over the world...
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Rivaling Facebook’s Libra: EU Draft Suggests Creation Of A New Coin

The European Central Bank is reportedly considering to launch its public digital currency. This move may be regarded as a direct response to the announcement of Facebook’s Libra. EU to Launch A Digital Currency? As reported by Reuters, the draft states that the European Union should consider launching a public digital currency by working closely...
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Stellar (XLM) jumps 30% after supply reduction; where is it heading next?

Stellar Lumens’ total supply got cut in half, triggering a nearly 30 percent price increase. Now, based on technical analysis, XLM could be signaling a further advance. On Nov. 4th, the Stellar Development Foundation (SDF) shook the entire crypto community by announcing the decision to burn 55 billion Lumens, equivalent to over $4 billion. Out...
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Bitcoin (BTC) Price Reaches $11K On Argentinean Crypto Exchange

The Bitcoin news now show that BTC is struggling near the $9,400 mark and has been struggling over the past couple of months. Even despite the recent run to $10,400, BTC is volatile and has been correcting over the past weeks. Despite the entire bearish sentiment, however, lies the Bitcoin Rich List and the fact...
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Coca-Cola to Use Blockchain Technology Developed by SAP

Coke One North America is going to expand its pilot blockchain project developed by SAP from two to 70 manufacturers. The IT company that backs Coca-Cola’s bottle manufacturing supply chain processes is apparently getting into blockchain technology. Dubbed Coke One North America (CONA), the company claims its pilot project that they are evolving together with...
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Bitcoin Visits Historic Support Level That Could Bolster its Near-Term Price Action

Bitcoin (BTC) and the aggregated crypto markets have been experiencing an extended bout of consolidation that has come about shortly after the massive bull run that sent Bitcoin to highs of $10,600 before it retraced slightly to its current price levels.Analysts are now noting that Bitcoin has reached a high-time-frame support level that could bolster...
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Reddit Roasts $500k Lottery Winner Who Invested Half in Bitcoin

An Illinois man provides proof of his $500,000 in lottery winnings and claims he put half of them in bitcoin. Reddit roasts the man with crypto memes and says he made several crucial mistakes. Either way, his investment has already paid off with an almost 100% return. An Illinois man who won the lottery earlier...
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US-Based Gemini Adds Automated Tax Information Reporting

The latest blockchain news bring us the topic of the accounting and business consulting firm Armanino which recently launched a new tool called TrustExplorer 2.0. As the firm said, this new blockchain tool can overturn how accounting is done within companies and offer instantaneous 30-second audits.While it is really surprising by definition, “ledger technology” should...
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Can the Bitcoin Lightning Network enable truly secure messaging? This developer thinks so

End-to-end encrypted, onion-routed, censorship-resistant, peer-to-peer chat messages have been built on top of the Lightning Network. Created by Lightning Labs engineer Joost Jager, the secure chat is currently still in the demo version but has the potential to become a service if no major changes to the Lightning protocol are made. Secure messages over Lightning...
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Users Can Now Buy Bitcoin on DropBit Using Apple Pay or Google Pay

On November 5, 2019, Bitcoin-focused product hub Coin Ninja announced that, through a collaboration with cryptocurrency payments company Wyre, users can now buy bitcoin directly on the DropBit app with Apple Pay and Google Pay. Coin Ninja calls DropBit its “Venmo for bitcoin,” a bitcoin wallet and payment service particularly designed to help Bitcoiners send...
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Libra’s effect on fiat currencies fueling government’s fears: Mark Yusko

Facebook has been the talk of the town after it announced its cryptocurrency project, Libra. While many are skeptical of the project, several others remain bullish about the opportunities afforded by Libra. Mark Yusko, Founder and CEO of Morgan Creek Digital, revealed his position on Facebook’s cryptocurrency project in a recent interview. Yusko highlighted the...
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UK-Based Electric Bike Company Launches SLP Reward Token

On November 5, Cryptophyl.com, the SLP-centric trading platform, announced a commercial partnership with the bicycle company Toba Electric Bikes using SLP technology. Toba sells electric bikes for bitcoin cash and the company’s SLP token will be used for customer rewards. Moreover, Cryptophyl plans to list the token called ‘toba’ on the exchange for trading on...
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ERC-20 Tokens are Slowly Gaining Traction via Debit Cards

Spending the common cryptocurrencies can be done in a plethora of ways. Things are very different when it comes to most altcoins, tokens, or assets. Monolith, one of the crypto debit card providers in the market, looks to step up its game. Cryptocurrrency debit cards are nothing new under the sun. They allow users to...
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Facebook’s Crypto Effort Will Take Decades to Spread but Libra Will Be Worth It, Says Exec

An executive at Facebook has said that Libra will not spread in the same way that the company’s social network did. Kevin Weil believes that the social media giant’s foray into the crypto asset space will take decades to fully roll out.Weil is also not perturbed by the intense regulatory scrutiny into the planned digital...
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TrustExplorer 2.0: A New Blockchain Tool Offering Instant Audits

The latest blockchain news bring us the topic of the accounting and business consulting firm Armanino which recently launched a new tool called TrustExplorer 2.0. As the firm said, this new blockchain tool can overturn how accounting is done within companies and offer instantaneous 30-second audits. While it is really surprising by definition, “ledger technology”...
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VeChain (VET) Smashes 3-Month High With Stunning 14% Surge as Broader Cryptocurrency Market Stands Still

VeChain (VET) approaches $0.005 on Tuesday for the first time since Aug. 12. VeChain co-founder and CEO Sunny Lu will deliver a keynote address at The Capital, an upcoming industry conference hosted by CoinMarketCap. The broader cryptocurrency market consolidates slightly higher as the majors reported modest gains. VeChain’s token value surged on Tuesday, reaching its...
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Bitcoin, Tether on-chain data may suggest increasing institutional activity

Since China‘s Xi Jinping embraced blockchain technology last month, discussions regarding its effect on the cryptocurrency community have been taking place left, right and center. CoinFund analyst Devin Walsh is one of those to lead such a discussion, with the analyst recently taking to Twitter to discuss his analysis of Bitcoin and Tether’s on-chain data,...
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Crypto Exchanges Are Having A Rough Week, Facing Hacks And Lawsuits

The latest blockchain news bring us the topic of the accounting and business consulting firm Armanino which recently launched a new tool called TrustExplorer 2.0. As the firm said, this new blockchain tool can overturn how accounting is done within companies and offer instantaneous 30-second audits.While it is really surprising by definition, “ledger technology” should...
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Crypto Trader: Bitcoin Closes In On Life-Changing Golden Cross

The cryptocurrency market is currently undecided on if Bitcoin is about to embark on its next bull run, or if it’ll fall back further into a bearish trend in the short-term.The neutral market could finally have its decision, if a “life-changing” golden cross occurs in Bitcoin price charts, according to one crypto trader and analyst.Golden...
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Huawei Now Partners with China’s Digital Currency Research Unit

Huawei has entered strategic cooperation with the People’s Bank of China (PBoC) which is the central bank of the country. In a recent development, Huawei, the Chinese-owned telecommunications giant, has worked out an agreement with the People’s Bank of China’s Digital Currency Research Unit. This was made known on Nov. 4 via an announcement on...
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Ripple’s Xpring invests in Flare Networks to improve XRP use case

Ripple’s Xpring announced investment in Flare Networks in an ongoing effort to support new use cases for XRP. The official release read, “We are proud to today announce our latest investment in smart contracts with Flare Networks, the first-ever Turing Complete Federated Byzantine Agreement (FBA) protocol” The announcement also highlighted that the Flare Network integrates...
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BTC Trading In Argentina Hit A New All Time High (See Why)

The central bank of the country of Argentina recently ruled that there will be no more cryptocurrency buying with credit cards, which put BTC trading in Argentina in the focus with a new all time high. Bitcoin has proven its resilience against the whims of centralized authorities, the cryptonews show. The trading volume of Bitcoin...
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Cutting Edge Ideas Converge at Money20/20

This is a sponsored article on behalf of Money20/20. What’s the next milestone for fintech? How will the latest wave of financial products and services alter the worldwide money landscape? When will cryptocurrencies and blockchain technology achieve mass acceptance in the payments industry?  These were among the many questions explored at Money20/20, a global conference...
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XRP likely to breach broadening wedge and fall to $0.23 this week

January 2018 was the golden age for XRP, a time when XRP hit its all-time high value of around $3.3. Since then, however, the token has had moments of hope, before falling into patterns of more sideways movement. Valued at almost $0.30, XRP had a market capitalization of over $13 billion and a daily trading...
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Huobi Global Is Forcing Americans to Use Its Local Partner HBUS

The Huobi news show that the exchange Huobi Global is expected to remove all of the United States based customers off of its platform later this month. The cryptocurrency exchange announced that all of the US accounts will be frozen on November 13, framing a move as a compliance step made to conform to US...
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