November 5, 2019

Crypto Secularizes Wealth by Returning Power to the People

Secularization is the process of converting something from a religious status to a nonreligious one. In its usage here, the word “religious” has no necessary connection to a deity. The word refers to the mystification of a thing in order to elevate it to the status of the divine where it becomes unquestionable. Also Read:...
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Stellar (XLM) Dumps Nearly 10% As FOMO Rears Its Ugly Head

Stellar (XLM) explodes amid news that the company burned more than half of its coins in circulation. Tuesday’s gains were quickly wiped out as the smart money took the chance to dump their positions. Nevertheless, the cryptocurrency looks attractive in the long-term time frame. In technical analysis, there’s an adage that goes, “buy the rumor;...
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Gemini Exchange Adds Automated Customer Tax Reporting

US-based crypto exchange Gemini wants to help its users comply with the tax requirements in a convenient manner. The company hired Sovos to modernize its tax information reporting. The Solution Will Automate Gemini’s Tax Filings The exchange platform managed by Taylor and Cameron Winklevoss will use Sovos’ technology to automate its 1099 forms and filings....
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Ethereum’s imminent bullish breakout may lack momentum to retest major resistance

Over the past week, Ethereum’s price has undergone major consolidation. ETH’s price registered a change of only 0.73 percent and many speculate that the token’s price will enter a major accumulation period. On 4 November, Ethereum recorded an hourly hike of over 2 percent, but corrections quickly stabilized its valuation. Upon analysis, it was observed...
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Zuckerberg was Right. China ‘Fast-Tracks’ Cryptocurrency With Huawei, Tencent

The People’s Bank of China signed a partnership with Huawei, reportedly to develop blockchain technology for China’s sovereign digital currency. It comes just a week after Xi Jinping pledged that China would “take the leading position” in blockchain. Zuckerberg’s ominous warning – that China could erode America’s “financial leadership” – is slowly materializing. Last month...
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Uber Stock Tumbles as Company Reports over $1 Billion in Losses

Uber has released reports for its third quarter which, unsurprisingly, still records significant losses. Apart from the popularity of its ride-hailing services, Uber is also very well-known as a market player all over the world and especially in the finance sphere for its continuous and rising loss over the years. Recently the company announced a...
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Crypto Community Has Mixed Reactions To Latest XLM Burn

Stellar and Decred are doing fairly well while Bitcoin started a drop after the massive excitement that spurred the crypto markets a week ago. In the Bitcoin price news today, we take a closer look at the analysis and comparisons with other altcoins as well. A known low volatility movement is distinguishing the crypto markets...
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Coca Cola Will Use Blockchain To Improve Supply Chain Logistics

BitMEX reassures after the data leak from the exchange that nothing more than the emails were leaked. It’s safe to say that last Friday was a bad day for the exchange when the most popular BTC margin trading exchange made a huge mistake that ended up disclosing the emails of a lot of users while...
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Bitcoin (BTC) Analysts Call BTC To Fall To $8,600 To Fill The CME Gap

Bitcoin (BTC) analysts have been calling for the cryptocurrency to drop to the $8,600 price range to ‘fill the gap’ of the Chicago Mercantile Exchange for more than a week now. The Bitcoin futures contract on the CME closed at $8,715 which was a strong performance considering that last Wednesday, the leading cryptocurrency plunged to...
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Analyst: Stellar (XLM) Decreasing Supply Could Increase Chances of Exchange Delisting

The Stellar Development Foundation’s (SDF) unanimous decision to burn XLM’s supply by half could spell troubles for the project, believes noted bitcoin maximalist WhalePanda.The anonymous trader on Tuesday said the cryptocurrency exchanges could start treating XLM as security, explaining that SDF showed excessive control over the blockchain asset when they cut down its supply from...
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Bitcoin Price Leaning Overbought After Run to $9,500, Pullback Possible

For the first time in days, even over a week, Bitcoin (BTC) has started to show signs of a short-term trend forming. As of the time of writing this article, the leading cryptocurrency is at $9,400, up some 2% in the past 24 hours. Earlier today, the BTC price reached as high as $9,550 on some exchanges,...
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COBINHOOD Exchange Review | Fees, Security, Pros and Cons in 2019

In our COBINHOOD review, we will be looking at the features, advantages, and disadvantages presented by this exchange. COBINHOOD Exchange Overview COBINHOOD is a crypto exchange based in the Cayman Islands, which operates from Taiwan, whose beta version was launched at the end of 2017. COBINHOOD markets itself as the first zero-fee cryptocurrency exchange in the world. The...
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Bitcoin is Preferred Long-Term Investment Option, Ron Paul Finds

Nearly 60 percent of people favor Bitcoin as a long-term investment rather than gold or federal reserve notes. That’s according to a survey posted by former U.S. Congressman and presidential candidate Ron Paul. Which Would You Pick? Yesterday, Paul of Texas, posted a question to his nearly 650,000 followers on Twitter. A wealthy person gifts...
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Ripple’s allegations about SWIFT’s ‘6% error rate’ may be inaccurate

Ripple’s business model has long been touted as an efficient solution for conducting cross-border payments, a field that is currently dominated by SWIFT.  SWIFT’s archaic technological standards have often come under scrutiny from many in the community, with one of its most aggressive critics being the San Francisco-based blockchain firm, Ripple. SWIFT’s ability to innovate...
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Popular Bitcoin Time-Travelling Reddit Post Was Mysteriously Edited

An old Reddit post which “predicted” nothing but darkness and gloom for the near-future of the Bitcoin world was mysteriously edited. Some think it’s interesting while others consider it spooky but regardless of whether or not there’s a general consensus, everyone agrees that there’s something interesting or fishy happening on Reddit.  A very ominous post...
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ETH 2.0 Uncertainty Causes Projects to Ditch Network

ETH 2.0, complete with sharding and scaling, is seen as a solution to Ethereum’s current problems with network overload. But skeptics see the upcoming project as confusing and potentially harmful to the ecosystem of startups. ETH 2.0 in Constant Flux ETH 2.0 is still following fads, and there is no way to analyze what is...
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France to Include Bitcoin Literacy in High School Curriculum

The French Ministry of National Education has decided to educate students of high schools in the sphere of cryptos. High school students in France will have an opportunity to gain basic knowledge of workings of blockchain and virtual currencies in the framework of their everyday studies. The French education ministry, Le Ministère de l’Éducation Nationale,...
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Finland Approves First 5 Crypto Service Providers

Finland’s crypto regulation is now in full effect. The first five crypto service providers have been approved to legally operate in the country, the Finnish financial regulator confirmed to news.Bitcoin.com. The grace period for operating without registration has expired. Also read: Finland Begins Regulating Crypto Service Providers Only Five Registrants Finland’s Financial Supervisory Authority (FIN-FSA)...
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Coco-Cola Uses Blockchain Technology To Revise its Supply Chain

Coca-Cola is the latest food and beverage supply to implement blockchain in its working structure. The bottlers within the organization are using a blockchain developed by the German software company SAP. As per a report, Coke One North America (CONA) has to handle about 160,000 orders daily. CONA manages a platform to oversee multiple franchises...
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Ripple Labs Expands Ripplenet as the First Vietnamese TPBank Joins It

It has been recently confirmed that Vietnamese TPBank is a new member that has taken a decision to join Ripplenet. Ripple Labs Inc. has already started making inroads in the financial space in Asia as sources indicate that TPBank based in Vietnam is the first financial institution in the country to join the blockchain payments...
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Charles Hoskinson says Cardano ‘making haste slowly,’ snapshot for Shelley most likely on Nov. 12

In another surprise AMA session, Charles Hoskinson shared the latest updates on Cardano. The CEO of IOHK said that October has been a month packed with action that could enable the first snapshot for the Shelley incentivized testnet to happen as early as Nov. 12. An action-packed month brings Cardano closer to launching Shelley’s incentivized...
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Huobi US to Rival Binance.US as Huobi Global Planning to Freeze Accounts of U.S. Residents

Huobi Global announced on November 4 that it plans to freeze all US user accounts by November 13 advising them to shift to Huobi.US. Most crypto exchanges have for some time now had challenges operating within the United States. On the other hand, most of the countries in Asia and Europe have taken an initiative...
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ARPA vs CRE: Binance Community Coin Vote’s Second Round Officially Begins

The contest for the next emerging protocol to be listed on Binance.com has begun and will run for 24 hours. Binance has now officially begun a survival of the fittest battle between two strongly emerging protocols in what is now the second round of the Community Coin Vote’s (CCV) new format. The Binance community is...
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Huobi Global Ceases US User Accounts as Huobi.US Opens

As new crypto BSA laws by Congress are introduced, US customers will face a tough time to trade cryptocurrencies. Exchanges like Binance, Poloniex, Bittrex are already offering separate businesses specifically for the US region. The latest addition is Huobi Global Exchange. The exchange will shut down operations in the US from Nov 13, 2019. Moreover,...
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Beijing Increases Censorship, Surveillance Amid Blockchain Push

The Beijing regime is all about control. It is a country where people have very little freedom of information or finance (apart from the very affluent).  While the state strives to be a world leader in blockchain technology, it still does not trust cryptocurrency, still heavily censors the internet, and still spies on its citizens....
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Bloomberg Bitcoin ‘FUDster’ Promoted ‘Faketoshi Wannabes’ Last Year

A Bloomberg journalist who published a ‘bitcoin manipulation FUD’ article yesterday was called out for promoting Satoshi Nakamoto wannabes in June last year.  One of Bloomberg’s journalists, going by the name of Matt Leising, caught the attention of the bitcoin and crypto Twitter community yesterday for his latest article on a ‘new Tether FUD’. However,...
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Litecoin’s 60% hashrate drop being balanced out by growing mining profitability

When it comes to halving in the cryptocurrency world, the ecosystem’s main concern revolves around the profitability of mining and its resultant effect on the token’s price. Litecoin’s creator was also one to speculate on the effect of the 5th August halving on the coin’s price, with Lee stating that he expected it to maintain...
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Microsoft Introduces Blockchain Platform for Minting Enterprise Tokens on Azure

Microsoft has announced the Azure Blockchain Tokens platform which will allow building blockchain tokens in the cloud. In a move that has seen Big Tech enter the crypto space on a whole new level, Microsoft has launched a platform on its Azure cloud infrastructure to make token deployment to become as easy as possible. Referred...
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Bitcoin Price Analysis: BTC Still Awaits a Huge Move, Steady But Fragile Above The MA-200

Over the past days, Bitcoin had been moving sideways between $9000 and $9500. This price range had been following the recent Bitcoin price action since for the past ten days, since the vast price surge on October 26. At the macro level, it seems like nothing is progressing, as Bitcoin still awaits its next major...
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Facebook Introduces New Company Logo as Part of Its Rebranding Efforts

Facebook’s rebranding efforts come as part of the company’s decision to distinguish the company operations from all of its products and services. Social media giant Facebook has unveiled its new company logo as part of the rebranding efforts. Facebook says that the new branding strategy is to bring more clarity and align the goals of...
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