February 12, 2020

China’s DCEP might not be the sole CBDC to launch this year

CBDCs have been ruffling the feathers of regulators worldwide, eliciting concerns regarding the impact of their use and sale. Regardless of such concerns, however, many nations around the world have joined the race to launch their own fiat-backed stablecoins over the last few years, with countries such as China, Japan, Thailand, and even Singapore taking...
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United States, Europe-based retail banks plagued by illicit crypto-MSBs

One of the biggest concerns for governments and traditional investors across the world regarding cryptocurrencies is the popular misconception that these have the potential to facilitate bad actors. A recent report by CipherTrace Labs found that individuals are operating illicit crypto-Money Service Businesses (MSBs) at 8 out of 10 U.S retail banks whereas in Europe,...
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Bitcoin Options on Deribit record ATH volume after new KYC requirements

Deribit exchange continues to maintain its dominance in the Bitcoin Options market, with its trading volume over the last few months continuing to dwarf other exchanges, despite competition from the likes of Bakkt, CME, OKEx, and FTX.  Crypto-derivatives data analytics firm Skew recently reported that Bitcoin Options on Deribit had touched a new all-time high....
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Fed-Induced ‘Deflation Crisis’ Will Cause Bitcoin to Soar: Hedge Fund Manager

The Federal Reserve’s policies are fueling deflation, not inflation, according to a well-known hedge fund manager. A deflationary environment could send bitcoin sharply higher. | Image: KAREN BLEIER / AFP The growing U.S. workforce and retirement of the boomers will force the Fed to double its balance sheet. The expansion of the Fed’s balance sheet...
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Ethereum outshines Bitcoin again as its active addresses rise by 22%

The past week has been noteworthy for most crypto-assets, with a majority of them recording significant gains. The world’s largest crypto-asset, Bitcoin, surged by over 9% over the past week, while most other altcoins in the top 10 registered double-digit growth. Ethereum and other smaller-cap assets have been outperforming Bitcoin too, with the second-largest coin...
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Happy Days of 2017 Here? FuturoCoin (FTO) Presents: 10,000% Increase In 48 Hours

Back in the parabolic bull run in 2017, more often than not, a random cryptocurrency would skyrocket and increase by a staggering percentage. In a lot of the cases, however, this was based more on pump and dump schemes rather than on actual fundamental or technical indicators. Over the past couple of days, Futurocoin, which...
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Monero (XMR) Price Prediction and Analysis in February 2020

Today, we will be looking at some of the historical prices and market opinions for XMR crypto, so that we can develop a Monero price prediction for February 2020. Monero Overview Monero is a coin which forked from Bytecoin back in 2014 and was initially called Bitmonero. Monero’s main selling quality is its privacy and...
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The State Of Blockchain 5 Years From Now Feat. Josip Heit

Blockchain didn’t gain much attention until the price of Bitcoin reached parity with the price of gold. This was the start of the first institutional fear of missing out (FOMO) on blockchain technology in 2017. Many companies incorporated blockchain and the fascinating and intriguing use-cases that followed afterward caught the interest of institutional giants like...
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Stablecoin average velocity nears all-time high as Tether maintains dominance

When the concept of a stablecoin was first introduced, it took the cryptocurrency industry by storm. Trading moved faster, liquidity rose, and markets became more efficient. Further, the introduction of stablecoins enabled users to make cryptocurrency payments without the risk of volatility. Though stablecoins have changed the way crypto-markets work, a number of controversies surrounding...
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Search Volume For ‘Buy Bitcoin’ Records Its Highest Level Since June 2019’s Rally To $14,000

The exciting start of 2020, in terms of price action, has brought serious retail attention to the cryptocurrency market. Google Trends data shows that Bitcoin and altcoin searches are recording their highest levels since August of 2019. Bitcoin Price Drives Attention The largest digital asset began the year trading at $7,170. At the time of...
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Crypto Markets Reach 6-Month Milestone Following Monster Rally

The cryptocurrency market is the fastest-growing asset class of 2020. Can the trend continue? | Image: REUTERS/Dado Ruvic/Illustration Bitcoin’s price approaches $10,500 for the first time since early September. Twenty-nine of the 30 top cryptocurrencies reported gains Wednesday. The combined market cap of all coins crosses $300 billion for the first time in six months....
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Ripple Partners Up With Egypt’s National Bank For Faster Remittance Payments

Ripple’s expansion continues with a new partnership in Egypt. The country’s national bank has recently signed a co-operation agreement to join the blockchain-based payments network RippleNet to implement remittance payments. Ripple Partners With NBE The National Bank of Egypt is the oldest and largest bank in the country. As of yesterday, the NBE is partnering...
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StellarX-Backed London Football Exchange Acquires Majority Shareholder Status of Perth Glory Football Club

In today’s headlines, the London Football Exchange (LFE) has recently announced its participation in a deal to acquire the Perth Glory Football Club (PGFC), 2019/2020 participants in the Australian Hyundai A-League Premiers, as well as the Asian Champions League. According to the recently announced Asset Sale and Purchase Agreement, the LFE has acquired the majority...
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Bitcoin’s self-sovereignty critical, but custody model here to stay

Bitcoin was conceived to ensure the financial independence of people. However, funds stored by users on crypto-exchanges have raised many questions regarding its ownership. Nevertheless, the demand for an established platform to provide custody for cryptocurrencies has only increased and according to Jake Chervinsky, General Counsel at Compound, we are stuck with this custody model...
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Tezos Price Analysis: XTZ Soars 25% To Touch $3.4, How Far Can The Bulls Go?

With 24.57% increase, Tezos becomes the biggest-gainer amongst top major cryptocurrencies XTZ regains the 10th spot on the market cap spot following a significant price surge. Bullish sentiment remains strong across the XTZ pairs. XTZ/USD: XTZ Looking Bullish But Price Rejects At $3.4, Can $3 Hold As Support? Key Resistance Levels: $3.4, $3.7, $4 Key...
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Total Crypto Market Cap Hits 6-Month High At $300 Billion: All Top 30 In Green

The cryptocurrency market is growing at a notable rate since the beginning of 2020. Interestingly enough, the growth is across the board. Despite Bitcoin’s increasing price, its dominance continues to fade. This is a definitive sign that altcoins are claiming serious grounds as their prices continue to boom. Cryptocurrency Market Cap At 6-Month High It’s...
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BTC Price Reaches 5 Digit Against USD Twice in 7 Months. Here’s How?

There is a constant uproar in the crypto industry since the time Bitcoin Price raised above $10,000 against USD last August. The crypto king BTC price has once again managed to cross the $10k barrier. Isn’t it exciting? Let’s see how the Bitcoin has fared since its last High point. BTC Price Analysis – The...
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Valentine’s Day Gifts You Can Buy with Bitcoin in 2020

We are only a few days away from Valentine’s Day, and like always, most of us are scouring the internet in hopes of finding the last-minute gift for their significant other. For those of you that are bad at finding gifts but are well-versed in using Bitcoin, there are several online options where you can...
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Are Crypto Sportsbooks Legal in the USA?

Crypto betting sites have been around for some time, and while most countries in the EU and Asia have specific regulations for them, the US legislation is still rather unclear. The question many punters have is, are there legal sportsbooks in the USA that accept crypto? US Sports Betting Regulations While there are a number...
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Ripple enters Egyptian market; signs cooperation agreement with country’s oldest bank

Ripple has been taking significant steps towards providing its financial solutions all around the world, with a recent development expanding the firm’s presence in one more country. The National Bank of Egypt has signed an agreement with Ripple to aid in easing the remittance process, according to reports. The National Bank of Egypt has now...
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Ethereum Price Analysis: ETH Skyrockets To $255 Overnight To Complete 90% Gains In 2020

Ethereum witnessed an increase of 15% today, making it the strongest performing coin out of the top 5 cryptocurrencies. ETH penetrated above the $240 resistance to reach the current price of $253. It also climbed well above 0.023 BTC against Bitcoin to create a fresh 7-month high. Key Support & Resistance Levels ETH/USDSupport: $250, $240,...
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Pro Cryptocurrency US Presidential Candidate Andrew Yang Suspends His 2020 Campaign

Democrat Andrew Yang, who previously urged for more transparent cryptocurrency regulations, has suspended his 2020 presidential campaign. With recent disappointing results, he felt convinced that they wouldn’t win the race, thus deciding to end his campaign in advance. Yang Drops Out Of the 2020 Presidential Race Andrew Yang is an American author, lawyer, and entrepreneur,...
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Bitcoin Price Analysis: BTC Skyrockets $800 To New 5-Month High, Now Facing Critical Resistance From 2019

This is going to be a quick update following our latest Bitcoin price analysis from yesterday. As mentioned yesterday, since the year of 2020 begun, Bitcoin price had gone through three mini-rallies. All those rallies corrected back to the Fibonacci retracement level of 38.2% (a clear sign of bullish uptrend). The last of the three...
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100K Validators Flock to Stress Test Lighthouse Ethereum 2.0 Testnet

Sigma Prime’s Lighthouse project just unveiled an Ethereum 2.0 testnet it hopes will be capable of handling 100,000 validators. Sigma Prime is ready to stress test the Ethereum 2.0 client before it goes public. Paul Hauner, a lead developer for Lighthouse, posted a video unveiling the ETH2.0 testnet on Twitter this week. In a reply...
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Ethereum Smashes Through Key Resistance, Suggesting a Move to $300 is Imminent

Ethereum has been caught within what can be characterized as a “moonshot” rally over the past several days and weeks, with its intense bullishness being even further bolstered by Bitcoin’s rapid rise past $10,000. This intense upwards rally has allowed Ethereum to be one of the top performing cryptocurrencies over the past several days, and...
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