December 3, 2019

How a Japanese Conglomerate Is Introducing Crypto To 22 Million Users Overnight

Last night, Japanese conglomerate SoftBank Group announced a new crypto wallet card, that looks just like your traditional credit or debit card, but has some unique crypto-specific features in tow.The post appeared first on NewsBTC
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Danish Court Confirms Nordea Bank Employees Can’t Trade Bitcoin

A lot of people show a keen interest in Bitcoin. Not everyone around the world is allowed to do so, sometimes even due to a court order.  Particularly those working for Nordea Bank will not receive approval to invest in Bitcoin anytime soon. Nordea Employees Receive bad News The Danish bank has made a fair...
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New List Claims 1.9 Million Bitcoin Held by Centralized Exchanges

Cryptocurrency enthusiasts have been discussing a newly developed exchange ranking developed by the crypto portfolio and trading bot startup Bituniverse. According to a leaked screenshot of Bituniverse’s “Exchange Transparent Balance Rank,” there’s roughly 1.9 million BTC held on centralized trading platforms. Bituniverse claims the full list of exchange balance ranks “will be disclosed on December...
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Betting against Bitcoin for next 5 years is not wise: Spencer Bogart

Bitcoin’s volatile price movement over the month of November has many in the community split over what they think will be the future of Bitcoin. Blockchain Capital’s Spencer Bogart is the latest to speculate on the king coin’s future after Bitcoin’s valuation registered a 6-month low at $6500, with the coin failing to respond with a...
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#BitcoinTuesday: Tax Deductible Crypto Charity on International Day of Giving

A crypto-focused charity organisation has declared today #BitcoinTuesday in an effort to promote the perks of donating cryptocurrency to non-profits. The initiative is the work of TheGivingBlock, with sponsorship from several notable blockchain-related companies.Cryptocurrency donations, being considered as property, are not subject to capital gains and are tax deductible. This can make digital assets a...
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Best Places to Earn Interest on Your Cryptocurrency

In a little under a year, DeFi has become a significant component of the cryptocurrency ecosystem. But which platforms pay the most interest? Decentralized finance is often hailed as a prime use case for digital assets. Lending practices among DeFi platforms follow similar patterns: loans are overcollateralized, meaning the risk of default is negligible and...
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Blockchain tech allows open-sourced devs earn real profits

Over the last few years, the number of patent applications filed for blockchain technology has been on the rise globally, with the U.S dominating the charts. According to reports, the notable patent filers in the blockchain technology space have been banks. But, don’t patents question the very existence of blockchain? A technology that is supposed...
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Bitcoin Bears Laying the Groundwork for Further Losses as Bulls Lose Momentum

After incurring tremendous volatility throughout the latter part of October and the majority of November, Bitcoin appears to have now entered a period of consolidation as its bulls and bears send BTC between the upper and lower boundaries of a tight trading range.This period of sideways trading may soon come to an end, however, as...
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ECB President Explores Future Potential For Digital Currencies

The ECB president explores the potential for a digital currency which will allow for a direct injection of liquidity to the consumers according to Christine Lagarde, the new president at the European Central Bank. Let’s see what she has to say about digital currencies in the latest altcoin news. In the first hearing where the...
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Ethereum 2.0 progress shows ‘improved initial sync block processing times’

Prysmatic Labs, a team of developers building code on Ethereum, recently published a report on the latest Ethereum 2.0 development updates. The report detailed the changes that have been implemented, while also expanding on the steps taken to ease the further development of the upgraded blockchain. According to Prysmatic Labs, Prysm nodes on the testnet observed...
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Limited Edition Bitcoin Watch Beckons Mt. Gox Remnants

Social media entertainer Supercar Blondie has revealed a limited edition bitcoin watch linked to a Mt. Gox wallet. An investigative Redditor followed the clues and wonders whether the owner, possibly a member of the royal family, is linked to the Mt. Gox scandal. This wallet has a cool $17.7 million stored in it. Popular social...
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ETH Devs Decide To Delay Difficulty Bomb By Increasing Inflation

ETH devs decided to delay the difficulty bomb by simply increasing the inflation when most of the other coins on the market try to reduce it. Let’s see what this will bring for the coin in the coming ETH News. The recent debate regarding Ethereum’s difficulty bomb is finally done and there is a consensus...
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South Africa’s Central Bank Addresses Illicit Money Transfers in Bitcoin

Governments around the globe are trying to regulate cryptocurrencies to the best of their abilities. Particularly where criminal use cases of Bitcoin are concerned, some new rules need to be introduced. The South African central bank is currently working on a way to prevent the evasion of currency controls. Another Central Bank Focusing on Bitcoin...
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Alibaba And Credits Leading The Chinese Blockchain Market

SoftBank the telecom carrier of Japan launched its SBC Wallet Card (Softbank Card 3.0), in which there is an integrated blockchain wallet. So let’s find out more about the new card in our Blockchain news today.In addition to the basic features of a conventional bank card, Softbank Card 3.0 integrates numerous functions. The security of...
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Major Blow Dealt in Danish Court: Bitcoin Not Suitable for Bank’s Staff

A Danish court today ruled that Nordea Bank Danmark A/S has the right to say whether its employees can invest in Bitcoin. The bank first introduced a policy prohibiting crypto purchases last year.Denmark’s union for financial industry employees launched a subsequent legal challenge against the bank. However, a court yesterday decided that the risks associated...
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Ripple Returns All XRP Funds From Escrow Days After Unlocking

Ripple returns all XRP funds from Escrow only a few days after unlocking. The entire 1B XRP was moved through wallets for a few days without selling or distribution as reported in the previous Ripple XRP news. The recent whale transaction tracking noted that the recent Ripple escrow arrived at the start of the new...
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Nordea Bank Forbid Its Employees To Trade Bitcoin And Other Crypto

Nordea Bank forbids its employees to trade in bitcoin and other cryptocurrencies as per the Danish court decision which granted the right to the bank. The bank also will have the right to issue new guidelines on owning and trading cryptocurrency even during time off work as we are about to see in the coming...
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Bitcoin Mining in North America: A New Gold Rush in the New World

The phones are ringing off the hooks at the New York offices of BitOoda, a financial services and brokerage firm that advises bitcoin mining companies and investors in the bitcoin space on investment strategies and risk management. Ryan Porter, head of business development at BitOoda, told Bitcoin Magazine that there’s lots of interest, including from...
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Circle warns Poloniex customers in the U.S. of assets conversion to USDC

Crypto conglomerate Circle warned all U.S.-based Poloniex customers to withdraw their assets before Dec. 16. Users who fail to withdraw their assets before the deadline could lose access to their account, have their assets traded to USDC or be charged service fees. Poloniex and Circle part ways at the expense of their users Circle, a...
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British Virgin Islands Introduce Own Digital Currency BVI LIFE

The British Virgin Islands is soon to announce all of the details of the new digital currency they developed in a partnership with the blockchain-oriented startup LIFElabs.io as we are reading further in the Altcoin news today. More and more governments are choosing digital currencies over the last year compared to the years before. China...
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Without a Push Above $8,000, Bitcoin Likely to End Year on a Bearish Note

2019 has been a rough year for the crypto markets, with Bitcoin’s price action and the overall industry development gravely disappointing investors. BTC is poised to end the year up significantly from where it ended last year, but it does remain in a precarious position.It is also important to note that one analyst is claiming...
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Ethereum Express Launches Two Pilot Projects Spanning Over 48,000 Users

The community-driven Ethereum Express network has announced the launch of two pilot projects with an audience of over 48,000 users. The Proof-of-Authority algorithm based blockchain will be applied in both projects to ensure higher efficiency and transparency of operations. The Ethereum Express blockchain has recently undergone successful testing and shown outstanding values exceeding 1,000 transactions...
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48,000 Users to Test New Ethereum Express Pilot Projects

Two new pilot projects are set to be launched by the Ethereum Express (EEX) project operating on the Proof-of-Authority algorithm. Over 48,000 users from US, Japan, Ukraine, Brazil, and other countries are set to be encompassed by the undertaking of community-operated EEX that seeks to introduce drastic efficiency changes in the internal processes of both...
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Litecoin Wash Trading: 93% Of All LTC Traded In One Day

According to CoinMarketCap, there was a litecoin wash trading since all litecoin in circulation changed yesterday when about 93% of the coins were traded in one day. As pointed out by one crypto analyst, the problem with wash trading is only increasing and is getting hard to control so let’s see how we can prevent...
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John McAfee Kicks Off 2020 Presidential Campaign: Vows to Disrupt This System

Veteran entrepreneur and noted crypto proponent John McAfee has announced that his 2020 presidential campaign has officially begun. Of course, with U.S. authorities looking for him, McAfee would likely be arrested as soon as he set foot on American soil, but since when has he let a few pesky details stop him? McAfee made the...
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Wisdomtree’s Physically Backed Bitcoin ETP Goes Live on SIX Stock Exchange

New York-based ETF provider Wisdomtree has launched a physically backed bitcoin exchange-traded product (ETP) on Switzerland’s SIX stock exchange. According to Wisdomtree, the new product is not cash-settled like most ETPs traded on the SIX exchange as the BTCW investment product will be settled in BTC. Also read: 7 Crypto Exchange-Traded Products Now Live on...
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Matic Network Skyrockets 160% In Less Than Two Weeks

Matic network skyrockets by 160 percent over the past two weeks and the MATIC token is among the strongest performers on the market after getting listed on another exchange as we are reported in our previous altcoin news. Matic is right now trading at around $0.03 which seemed before as an unlikely event especially a...
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Coinbase leads the pack as the most active acquirer: Report

One of the world’s leading cryptocurrency exchanges, Coinbase, with 16 acquisitions, is the most active dealmaker in the space. This was confirmed by a research report titled ‘Barbarians on the Blockchain’ by crypto-data and research platform, TokenData, which found that Coinbase is the powerhouse of mergers and acquisitions [M&A]. Coinbase’s M&A strategy mainly consists of...
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Crypto Mining To Revive Abandoned Town in California

Visionaries bought Cerro Gordo, a remote 150-year-old ghost town in California. They plan to convert the abandoned mining town into a crypto and blockchain haven. Bringing New Mining to A 150-year-old Mining Town Two investors bought the Cerro Gordo town for $1.4 million, in mid-2018. A CNBC report describes it as a 22-building, 150-year-old ghost...
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Hassans’ Client “Tap Global” receives “In Principle Approval” from the Gibraltar Financial Services Commission

Tap Global Ltd (TAP) has been granted the in-principle approval of their DLT licence from the Gibraltar Financial Services Commission. This licence will enable TAP to launch a fully regulated Crypto Wallet linked to the TAP Prepaid Mastercard card. The TAP accounts come with multiple crypto and fiat wallets and will have access to real-time...
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