December 14, 2019

Lightning network, by design itself, is difficult to succeed: Matic COO

Matic cryptocurrency which began its journey at the end of April, crashed to $0.018 earlier this week. Sandeep Nailwal, co-founder and COO at Matic Network called it a nightmare Just woke up to this nightmare due to a distress call by someoneIt will be clear very shortly that we are not behind this, as some...
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The Pirate Bay Looks to Become a Streaming Service

The technology industry has undergone many changes and developments over the years. The Pirate Bay, a popular torrenting platform, has made numerous headlines in recent years. It now appears TPB can be used to stream video content, instead of downloading it. The Pirate Bay is Evolving That is not necessarily a surprising development either. The...
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What Miner Capitulation? Bitcoin Miners Confident in Price Prospects

If you have perused Bitcoin and Crypto Twitter at all over the past few weeks, you’ve likely seen the term “miner capitulation” mentioned again and again.You see, over the past few months, the price of BTC has fallen off a proverbial cliff, tanking from $14,000 to $7,000 in a matter of months. As this has...
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Top Doomsday Wallets for Bitcoin HODLers

Metal wallets are a reliable way to store Bitcoin for a long period of time. These wallets are simple metal plates that hold a seed phrase – a string of words that can be used to recover a Bitcoin address. Typically, metal wallets are used to back up deposit-only addresses that have never been used...
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Ethereum Could Plummet to Lower-$100 Level if Bulls Fail to Hold Key Support Level

Ethereum has been closely tracking Bitcoin’s price action in recent times, which has proven to be largely bearish. Both BTC and ETH are now trading at key support levels, and any further near-term downside could spark a massive capitulatory sell off that sends the cryptos reeling lower.For Ethereum, analysts are noting that $140 is a...
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Bitcoin Poised to Collapse Under $5,000? Market Cycle Fractal Suggests So

Over the past few weeks, Bitcoin (BTC) has found itself consolidating in the low-$7,000s, holding this key support region as bears threaten the cryptocurrency’s demise. While this consolidation has been bullish, in that selling pressure has abated for weeks, setting the stage for a bullish reversal, a market cycle analysis by a popular crypto trader...
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More banks could venture into digital assets through crypto-custodial services

On the latest episode of the ‘On The Brink with Castle Island’ podcast, hosts Matt Walsh and Nic Carter of Castle Island Ventures spoke about recent ICO scams, Jack Dorsey’s activity with Square Crypto, and the effects of staking on a network. Walsh and Carter first spoke about the ShopIn ICO, where the failing business...
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When Will Fintech Firm Venmo and PNC Bank Settle their Scuffle

Customers of Pittsburgh, Pennsylvania based bank holding company and financial services corporation PNC are having a tough time. But why? It has become exceedingly difficult to connect bank accounts to popular payments app Venmo.  PNC Bank and Venmo are at War With Each Other As reported by the Wall Street Journal, a few hours ago,...
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Bitcoin’s Reaction to This Critical Level Could Determine How It Trends In 2020

After an extended period of trading sideways around $7,200, Bitcoin’s bears have once again gained control of the cryptocurrency and have sent to a key support level. BTC’s bulls have so far been able to defend this level, but it remains unclear as to whether it will continue to hold as the weekend continues on.One...
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Vitalik Buterin Convinced the Ethereum Foundation to Sell $100m o Ether in 2017

Any revelation in the cryptocurrency industry tends to create some shockwaves. Even if that revelation has to do with funds being sold many years ago. Vitalik Buterin provided some interesting insights as to how the Ethereum Foundation managed its holdings. Vitalik Buterin Sold During the 2017 Pump During the crazy year 2017, the Foundation liquidated...
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Sweden Plans To Roll Out Crypto Krona In 2020

Open source funding is a challenging thing in the cryptocurrency ecosystem, which is why well placed grants can make a huge difference. This is something that the Square Crypto initiative knows and how it decided to give a grant to one talented developer.As the crypto news show, the developer who is working full time on...
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Russia’s Hydra Darknet Marketplace Plans $146M Token Sale

According to regional reports, the Russian darknet market Hydra is planning an initial coin offering (ICO) in order to expand the marketplace internationally. The sale is set to start on December 16 and Hydra administrators hope to raise $146 million from the token sale. Also read: Regulatory Roundup – Bitcoin Futures Fund Approved, India’s RBI-Backed...
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Buterin Convinced The Foundation To Sell 70,000 ETH To Boost Liquidity

The latest Ethereum news show that the ETH cryptocurrency is at new record lows when it comes to its volatility. In fact, Ethereum‘s volatility is at multi year lows now and the downtrend which has been here since early November has resulted in the price of this altcoin to face an ongoing period of sideways...
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Best Investable Asset For 2019 Is Officially Bitcoin: Report

A top movement for Bitcoin is something that could benefit everyone – starting from the altcoin investors on the market up to the day traders and cryptonews followers from all over the globe. This is something that is quite obvious – but does Bitcoin have the potential to rise soon?Well, according to one prominent cryptocurrency...
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Fidelity likely to on-board an undisclosed exchange in January

On the most recent episode of The Scoop Live podcast, The Block’s Frank Chaparro spoke to president of Fidelity Digital Assets, Tom Jessop, a man hailed by CoinDesk as the man who could, “”bridge the gap between Wall Street and Crypto.” During the interview, Jessop spoke about how custody is a base requirement on the...
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What’s the Best Way to Drive Bitcoin Adoption? Billionaire Says Crypto Giveaways

Cryptocurrency has long been something given away. In fact, the first Bitcoin (no, not a whole coin) this writer ever received was through a BTC faucet, which if you remember are these services that play ads and grant viewers a few satoshis here or there, often $0.25 or so.According to a top philanthropist, giving digital...
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December Nightmare: Bitcoin Price Plunges Below $7,000

After trading in a tight range between $7,300 and $7,150 for several days, Bitcoin might be on the move again, heading south this time. The price of the largest cryptocurrency dropped to $6,994 on the largest margin trading exchange, BitMEX. Bitcoin managed to recover slightly and is currently trading at around $7,050. Cryptopotato reported today...
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BTC App Bottle Pay Startup Shuts Down Due To New EU Laws

A top movement for Bitcoin is something that could benefit everyone – starting from the altcoin investors on the market up to the day traders and cryptonews followers from all over the globe. This is something that is quite obvious – but does Bitcoin have the potential to rise soon?Well, according to one prominent cryptocurrency...
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Mysterious case of Quadriga: Trace Mayer urges for Cotten’s proof for body and keys

Trace Mayer, a YouTuber, and host of Bitcoin Knowledge podcast spoke with Peter McCormack on What Bitcoin Did and addressed the upcoming Proof-of-Keys [PoK] and other important aspects related to Bitcoin and the ecosystem. Mayer, the person behind the Proof-of-Keys movement, spoke about the last event and how it helped spread awareness and take back...
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Vitalik Buterin: The Ethereum Foundation Sold 70,000 ETH At The All-Time High

The co-founder of the second-largest cryptocurrency by market cap, Vitalik Buterin, recently admitted that the Ethereum Foundation (EF) has sold 70,000 ETH almost at the all-time high. Today, it seems like the right decision, as Ethereum’s price has plunged with over 90% since then. To Sell 70,000 ETH At The Top Vitalik Buterin, the co-founder...
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Spammers Stop Stellar From Giving Away 2B XLM Tokens On Keybase

Spammers stop stellar from making the giant airdrop on the encryption app by Keybase soon after Stellar made the announcement. Luckily, they went away as soon as the word was sent out that the free money era was done, so let’s find out more in our Stellar news today. The CEO of Keybase Max Krohn...
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Ethereum support coming to Fidelity in the new year: Tom Jessop

On ‘The Scoop Live’ podcast, Frank Chaparro recently spoke to Fidelity Digital Assets’ president, Tom Jessop, to talk about custodial services in the current market, and institutional entrants into the Bitcoin space, support for Ethereum, and the application of blockchain technology in the tokenization of traditional assets. According to Jessop, Fidelity is currently routing more...
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Crypto.com Payments Platform Adds Support For EOS

The developer behind EOS, Block.one, recently said that it will be ready to launch the EOS Voice Beta version for the forthcoming social networking platform on February 14th, 2020. As the company behind EOS and the EOSIO protocol said, Voice was scheduled in June this year via social media.Basically, this is a new social media...
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Monero Compliance Workshop: XMR Not A Subject To Funds Travel Rule

The Monero compliance workshop explained that the XMR network will not fall under the guidelines by the US Financial Crimes and Enforcement Network (FinCEN) guidelines regarding the Funds travel rule as we are reading further in the Monero news today. According to the blog post, the Funds Travel Rule requires the financial institutions who are...
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Bitcoin’s grim future indicates a retest of $6,515 and perhaps lower

Key Takeaways Multiple outcomes indicate a converging bearish case for Bitcoin in the coming week. The 4-hour chart shows a dip below the $7,000 region and a retest of November 25 low, $6,515. Further bearish momentum could slide Bitcoin to $6,200, and possibly to $5,920. As Bitcoin’s price lugs in the $7,000 region for the...
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Billionaires Buying Bitcoin: Bill Pulte Announces 11 BTC Purchase

The number of billionaires holding Bitcoin continues to grow. The latest magnate to go public with his BTC purchase is the philanthropist Bill Pulte, who now wants to promote the benchmark crypto’s adoption. Billionaire Bill Pulte: “Cryptocurrency can help the world’s poorest.” Bill Pulte is the head of Pulte Capital Partners, one of the directors...
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This Week in Bitcoin: $8 Billion BTC Trust and Maximalists Misbehaving

This Week in Bitcoin is your roundup of the prime talking points from across the cryptosphere. From the major news to the minor debates that erupted into huge arguments, we’ve captured the flavor of the frenetic soup that is Bitcoin and all that simmers in it. In this edition, the deadline for the $8 billion...
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Bank of International Settlements Requesting Feedback for Crypto Regulation

The Bank of International Settlements, an international body owned by 60 worldwide central banks, published a discussion paper on treatment of crypto assets. The committee is requesting the opinion of all industry participants to develop a “prudential” treatment policy. The announcement comes after the bank’s Committee on Banking Supervision identified the growth of crypto assets...
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Cryptocurrency exchanges lost nearly $170 million in 2019 and they’re still vulnerable

There are few images as gripping as that of Kolin Burges holding up the placard reading “Mt. Gox, Where Is Our Money,” in the midst of the collapse of the largest Bitcoin exchange in the world. This image of the beanie-headed Londoner on the streets of Tokyo defined the state of cryptocurrency exchanges for much...
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What Is Bakkt? | Importance and Market Impact in 2020

Today, we will be taking a look at the Bakkt futures platform and analyze what impact it could have on the crypto market in 2020. What Is Bakkt? Bakkt is an open platform that aims to offer a diversified range of cryptocurrency services, including trading and warehousing. Bakkt was founded by the same company that...
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