December 11, 2019

Is Zcash (ZEC) a Total Failure? Crypto Influencers Disagree

Privacy coin attacked for “dumping on investors”. Ethereum creator Vitalik Buterin – also an advisor for Zcash (ZEC) – says coin is exploring uncharted terrain. Market cap – but not coin price – up 40,000% since launch. Ethereum founder Vitalik Buterin leapt to the defence of privacy coin Zcash (ZEC) after a prominent crypto influencer...
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SBI Ripple Asia Wants to Dominate Ripple’s Network Liquidity

The future of banking may look very different compared to today. It would appear SBI Ripple Asia is looking to expand in an aggressive manner. During a recent meeting, it was announced how this consortium wants to take up roughly half of the transaction volume of the Ripple network. SBI Ripple Asia is Liquidity-Hungry That...
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Libra contributed to governments taking crypto-industry seriously: Nic Carter

The introduction of Libra was met with a lot of reaction from all corners of the crypto-space, with many hotly contesting the utility and functionality of Facebook’s crypto-project. In an exclusive interview with a media outlet, CoinMetrics’ Nic Carter claimed that the social media company has made a huge miscalculation with the Libra project. Carter...
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Ethereum Could Be the Defining Factor That Guides Other Altcoins, Claims Analyst

Ethereum has had a turbulent week, with much of its recent price action favoring sellers as the crypto has faced a steady stream of downwards pressure in the time following ETH’s recent visit to over $150 earlier this past week.Although all eyes are closely watching Bitcoin’s near-term price action, it is important to note that...
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Kraken’s Powell claims self-regulation requires government backing

Security is one of the key evolving aspects of the crypto-industry and the cryptocurrency market. Over the years, many exchanges across the world have fallen victim to hacks. These incidents often raise a lot of questions within the community, especially with regard to the credibility of certain asset custodians. On a recent edition of Untold...
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AI Research Reveals Crypto Leaders Are Angry and Depressed

An artificial intelligence-driven personality research on the characteristics of crypto industry leaders such as Vitalik Buterin, Justin Sun, and Brian Armstrong found that intellect, liberalism, and cautiousness are their top personality traits. And a comparison with general tech titans showed that crypto leaders are 98.4% more likely to demonstrate anger and 46.4% more likely to...
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This Deceptive Bitcoin Signal May Trigger a Brutal Price Crash

The number of bitcoin traders going long on BTC is approaching an all-time high. That sounds bullish, but it’s actually an extremely bearish signal. Is the bitcoin price on the verge of another plunge? Bitcoin longs are nearing record highs on margin trading platforms like Bitfinex. The last time the number of long positions to...
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China Continues to Dominate Global Bitcoin Mining, But for How Long?

New research shows that China’s dominance of the total Bitcoin hash rate continues to grow. The nation reportedly now accounts for around 66 percent of all the computing power supporting the Bitcoin network at present.China has historically been the leader in global Bitcoin mining. However, with large mining operations coming online in the US and...
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Bitcoin is On Shaky Ground; Here’s Why Further Downside is Likely

The latter part of 2019 has been a volatile several months for Bitcoin, with the embattled cryptocurrency ranging between lows of $6,500 and highs of over $10,000. Currently, BTC is trading at the lower part of this trading range, and it has been struggling to gain any decisive momentum in either direction.This lack of momentum...
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Twitter is Going Decentralized with Blockchain

Twitter plans to move its platform onto the blockchain. The social media giant is putting together a team to develop an open, decentralized standard for social media, with Twitter as one of its first clients, announced CEO Jack Dorsey. Jack Dorsey, the idiosyncratic CEO of Twitter and Square, announced that Twitter is funding a five-person...
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Another Coinbase User Falls Victim to a SIM Swap Attack

Cryptocurrency users around the globe face many different threats. SIM Swaps are perhaps the worst type of attack, yet they continue to occur on a regular basis. Anyone keeping bitcoin or altcoins on an exchange would be better off using a hardware wallet of some sorts. Another SIM Swap Story Pops up Users who rely...
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HEX: Crypto ‘Designed for 10,000x Returns’ is Destined for Failure

New cryptocurrency “Designed for 10,000x Returns” draws crypto community ire. Critics say the coin’s creator will hold 45% of the entire coin supply after the first year. Not a Ponzi, not a pyramid – a new breed of scam coin. A new cryptocurrency is attempting to pick up where BitConnect and OneCoin left off –...
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Mysterious Bitcoin Fund Completes $75M Donation to Preserve Privacy

The Unknown Fund claims to have now donated a total of $75 million to groups and companies working on privacy preserving technology. The Anonymous-promoted Bitcoin fund was first detailed in mid-November.The origins of the funds are largely unknown and, of course, the beneficiaries of the donations are also keeping quiet. The secrecy has understandably created...
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Bitcoin Cash will go up post-halving, claims Roger Ver

In a recent interview, Bitcoin Cash’s Roger Ver, hailed by many as “Bitcoin Jesus” in the community, spoke about the use of cryptocurrencies in times of financial crises, the upcoming Bitcoin halving and the challenges cryptocurrencies face today. During the interview, Ver said that he thinks financial crises are not inevitable, adding that they are...
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BRD’s Adam Traidman on New Products, Crypto Adoption, and Banking the Unbanked Into 2020

BC: With over 2 million users in 170 countries, the BRD wallet is well-trusted for its open source, non-custodial and secure design, with many also complimenting the user-friendly interface. Is the key to onboarding in your opinion a combo of privacy and ease of use? AT: Nearly 3 million users now. The key to successful...
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Craig Wright Tries To Wriggle Out Of Paying $658k Legal Fees

Anyone who thought that the lead Satoshi Nakamoto impersonator, Craig Wright, would finally have accepted defeat and scurried off back into obscurity again by now, must be getting increasingly disappointed. Despite losing the well-documented Kleiman case back in August, Wright is still trying to wriggle out of paying the $658,000 legal fees. The (Highly Implausible)...
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Enterprise Blockchain on … Bitcoin? Bitfury Is Giving It a Go With Exonum

“Blockchain, not Bitcoin.” This rallying cry became a hallmark of the 2017 market boom and continued to reverberate in the subsequent cryptocurrency bear market. Entrepreneurs and institutions from every corner of every industry tried to shoehorn blockchains into use cases for everything from pharmaceuticals to bananas.  “Just slap a blockchain on it,” the idea went,...
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Bitcoin Longs Near All-Time High, TD9 Reaches Sell Signal

Long positions taken on Bitcoin on the popular crypto exchange Bifinex are nearing an all-time high, all while the leading cryptocurrency by market cap continues to fall.The post appeared first on NewsBTC
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MATIC COO: Latest dump might have been a reputational attack

The Matic Network’s MATIC token broke Crypto-Twitter recently after its price plummeted by about 70.75% in just three hours. Following the same, a lot of people suspected foul play, with the founder of a cryptocurrency evaluation platform, Validity, Samuel JJ Gosling, alleging that the platform had sent over 1.5 billion tokens worth $70 million MATIC...
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Analyst: Ripple Distribution Almost Complete, XRP Mark Down Could Follow

The cryptocurrency known as XRP, also called Ripple, has been among the worst performing crypto assets throughout the year of 2019.The post appeared first on NewsBTC
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Positive Correlation Found Between ETH Price Pumps And New Ethereum Addresses

According to a popular monitoring resource, the number of new addresses on Ethereum’s blockchain shares a very similar pattern with the ETH price most of the time. Lately, however, the price is taking the lead. Correlation: ETH Price And New Ethereum Addresses The popular cryptocurrency monitoring resource TokenAnalyst has presented interesting findings regarding the number...
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Economic Uncertainty, Restrictions in Argentina Show Power of Bitcoin

In the weeks following dramatic new restrictions regarding the acquisition of both bitcoin and USD in Argentina, the local crypto community has reacted in a number of interesting ways, showing both the possibilities of Bitcoin as a financial tool in the face of government constraints as well as the decentralized crypto asset’s resilience to measures...
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Tron (TRX) Price Prediction and Analysis in December 2019

Today, we will be looking at some of the past price trends, development status, and market opinions for TRX in order to project a Tron price prediction for December 2019. Tron Overview Created by Justin Sun, the Tron project is a blockchain platform that was designed to facilitate the sharing and publishing of online content....
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Rat Poison? Millennial Investors Prefer Bitcoin To Buffett’s Berkshire Hathaway

Bitcoin has in the past been called a Ponzi scheme, a scam, a tool for money laundering and criminal activities, and even has been dubbed rat poison by the Oracle of Omaha himself, Warren Buffett.The post appeared first on NewsBTC
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Bitcoin’s volatility might be tamed by institutional entry: OKEx’s Cheung

In a recent interview, Andy Cheung, Head of Operations at OKEx, discussed the overall developments in the crypto-derivatives market and spoke about the resurgence of regulatory compliance within various digital asset exchanges. Over the past few months, the likes of Bakkt and CME have solidified themselves in the industry by competing with regulated institutional offerings....
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Ethereum’s 96% Google Search Interest Plunge Has This Crucial Silver Lining

Ethereum’s search decline is slightly worse than Bitcoin’s. Roughly 96% of search interest originating from the United States has disappeared. A glance at ETH’s developer count reveals a silver lining for Ethereum. Nearly two years on from Ethereum’s all-time high, Google search interest for the No.1 altcoin has plunged 96%. Ethereum Popularity Nosedives Along with...
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Charles Hoskinson Calls Off Cardano MMA Fight

Cardano founder Charles Hoskinson has announced the cancellation of an MMA charity fight featuring himself and YouTube commentator Chico Crypto. Though both opponents previously agreed to the fight in a now-deleted Twitter thread, the agreement seems to have fallen through. On the morning of Dec. 10, Hoskinson posted: “Fight’s off.” In a linked interview, Hoskinson...
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Op Ed: IRS Doesn’t Get Cryptocurrencies: Here’s Why

After five long years, the Internal Revenue Service (IRS) in the U.S. finally decided to release additional guidelines in October 2019 regarding crypto taxes. While the guidelines have brought some measure of relief by clearing up some important ambiguities, many say they’ve left more confusion behind. So what is the problem here really? Is it...
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Ethereum scaling solution may be used by Bitcoin eventually

Recently, Matter Labs published a blog post which expanded on recent advances in zero-knowledge proofs, and their vision for ZK Sync, a trustless scaling and privacy solution based on ZK Rollup for Ethereum. The post mentioned how ZK Sync was designed to bring a VISA-scale throughput, enabling thousands of transactions per second while keeping funds...
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Podcast: Chainalysis’ Chief Economist on the Data Behind Blockchain Forensics

“It has been a year of success, but something not talked about enough in cryptocurrency is what it takes to build a business,” said Philip Gradwell, the chief economist at blockchain forensics firm Chainalysis, on the latest episode of the Bitcoin Magazine Podcast. “We provide software for compliance and investigations, but underneath it all, we’re...
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