#XBT: Latest News

Mastering Emotions and Managing Risk in Cryptocurrency Trading

When it comes to trading, there are several steps you can take in order to reduce your exposure to the market extremes of price volatility. A combination of both technical and fundamental analysis can be used to determine the true worth of a company or asset, securing a greater chance of success with a particular investment...
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WATCH: Tongtong Gong of Amberdata Talks About Gender In Crypto

October 12, 2019 37 Views [embedded content] Tongtong Gong, COO of crypto analytics firm Amberdata, shared what it feels like to be a woman in tech and why she chose to become a programmer. “I moved to the U.S. and when I moved I didn’t really speak English that well so when I was in college...
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PoS Will Make Ethereum More Secure Than Bitcoin, Says Vitalik Buterin

After the proof-of-stake (PoS) consensus algorithm will be implemented in Ethereum’s (ETH) blockchain, it would become more secure and costly to attack than Bitcoin (BTC), co-founder Vitalik Buterin has stated. Buterin has voiced this opinion during Devcon 5, the Ethereum developers conference that took place in Osaka on Oct. 8–11. He specifically noted that —...
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Coinbase Gets E-Money License In Ireland, Expanding European Foothold

Coinbase is expanding its European foothold with an e-money license from the Central Bank of Ireland. “One of just a few companies” On Oct. 11, Zeeshan Feroz, the CEO of the United Kingdom arm of San Francisco-based cryptocurrency exchange Coinbase, announced that the exchange had become “one of just a few companies,” to have received...
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Bitcoin Price Rejected at Key Level Near $9,000

Over the past five days, Bitcoin (BTC) has rallied more than $1,000, from $7,770 to $8,835, giving the crypto space hope of further upside. Bitcoin’s Oct. 11 daily candle, however, faced rejection near a few key levels, showing that crypto’s largest asset is still struggling to hit the $9,000 mark.  Daily crypto market data. Source:...
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Major Chinese Bank Updates Blockchain Platform After $50 B Transacted

The China Construction Bank (CCB) officially released the second version of its blockchain trading platform, which reached 360 billion yuan ($50 billion) in cumulative transaction volume. CCB will actively promote blockchain platform On Oct. 9, Xinhua news agency reported that CCB, one of the big four banks in the People’s Republic of China, announced the...
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Visa, EBay, Stripe and Mastercard Abandon Facebook’s Libra Project

Visa, EBay, Stripe and Mastercard have all announced that they are dropping out of Facebook’s Libra Association and its associated stablecoin project. Four companies abandon ship On Oct. 11, Bloomberg reported that Ebay, Stripe and Mastercard had decided to drop out of Facebook’s Libra cryptocurrency project. Within minutes, Visa said it had also decided not...
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Updated Bitfinex Mobile App Now Includes Derivatives Trading Support

Cryptocurrency exchange Bitfinex has announced the latest updates and optimizations to its mobile app. New version features support for derivatives trading  On Oct. 11, cryptocurrency trading platform Bitfinex presented the newest version of the Bitfinex mobile app, which includes derivatives trading support as well as in-app access to Bitfinex Reports 2.0. Version 3.19.3 of the...
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Trade Finance Blockchain Marco Polo Pilots First Russia-Germany Transactions

Marco Polo, the trade finance blockchain with more than 20 global banks on board, is piloting its first trading arrangement between Germany and Russia. The pilot announced Friday involves Alfa-Bank and Novolipetsk Steel Company (NLMK) on the Russian side and Commerzbank plus metals engineering firm Vesuvius GmbH in Germany. Marco Polo, a joint undertaking between technology...
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The IRS Will Now Ask If You Own Crypto in the Most Widely Used US Tax Form

The Internal Revenue Service (IRS) has updated the main form individual U.S. taxpayers use to report their income to include a question about cryptocurrencies. Following the release earlier this week of the IRS’ long-awaited guidance for reporting crypto-related income, the IRS on Friday circulated a draft of the new Form 1040, Schedule 1, Additional Income and Adjustments...
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Draper-Backed Startup Launches .Crypto Domains on Ethereum

A startup building domains on blockchains has just launched a .crypto name registry on ethereum. Unstoppable Domains – a firm backed in May to the tune of $4 million by Draper Associates and Boost VC  – said Friday that the new .crypto extension can be connected to users’ public cryptocurrency address, allowing third-parties to more easily send funds....
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Coinbase Pro Mobile App now Available on iOS

In a bid to make it possible for professional cryptocurrency investors to trade bitcoin and supported altcoins on the go, Coinbase Pro has unveiled a new mobile app for iOS. The team says the new app offers traders super-fast trade execution, ease of use and more, according to an official blog post on October 10,...
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B2C2 Unveils Bitcoin-Settled Gold Derivatives Product 

B2C2, a leading cryptocurrency over-the-counter (OTC) liquidity provider to financial institutions, has announced the launch of its gold derivatives product which it says is priced and settled in bitcoin. The firm claims the first-of-its-kind product will enable institutional investors to synthetically trade gold on its Financial Conduct Authority (FCA) approved OTC desk, according to reports...
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Why French Lender SocGen Issued a $110 Million Ethereum Bond to Itself

Six months after Societe Generale issued its first bond on a public blockchain, it has yet to offer the instrument to clients or to make use of the full capabilities of the smart contract mediating the sale.  But the French financial institution insists that it hasn’t forgotten about the €100 million (roughly $110 million) bond,...
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Binance Adds XRP-Pegged Token to Its Decentralized Exchange

October 11, 2019 18 Views Binance, the world’s top cryptocurrency exchange by volume, announced Thursday the issuance of the second cryptocurrency ever onto its affiliated decentralized exchange (DEX), Binance Chain. Listed as XRP-BF2, the XRP variant is pegged one-to-one to XRP on Binance’s main exchange for instant swapping without slippage, the exchange said. Binance minteds...
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Blockchain Healthcare Firm Wins US National Science Foundation Grant

New England-based blockchain firm SimplyVital Health, Inc. has received a $225,000 grant from the United States National Science Foundation (NSF) to research integration of its protocol Nexus with the Graphene protocol. The NSF awarded the grant as part of its Small Business Programs, which contributes $200 million annually to innovative startups and small businesses, according...
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South Korean Blockchain Startup Raises $8M for Identity Authentication

Blockchain company Iconloop has secured 10 billion Korean won (KRW) (over $8 million) from seven investment companies participating in a Series A funding round. Per an Oct. 10 announcement, it was Iconloop’s first venture capital investment since its establishment in 2016, with the participation of companies such as Korea Technology Finance Corporation (KOTEC) and T.S....
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Perth Mint, InfiGold Launch Gold-Backed Token on Public Blockchain

Australia’s largest precious metal refinery, the Perth Mint, and InfiGold, a fintech startup focused on precious metals digitization, have jointly launched a gold-backed digital token. The new ERC-20 token is dubbed Perth Mint Gold Token (PMGT) and pegged 1:1 with GoldPass certificates issued by the Perth Mint, according to a press release shared with Cointelegraph...
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Decentralized Communication Startup New Vector Raises $8.5M

London-based decentralized communication startup New Vector has raised $8.5 million to drive adoption for Matrix, a major alternative messaging protocol. Slack rival Riot.IM The Matrix protocol, which enables secure communication via end-to-end encrypted messaging applications such as Riot.IM, an alternative to WhatsApp, Telegram or Slack, will continue scaling and growing its network with the newly...
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Korean blockchain firm ICONLOOP raises over $8M to grow digital ID service

ICONLOOP, one of the largest blockchain enterprises in South Korea and creators of the ICON blockchain, today announced that it raised KRW 10 billion (over USD 8 million) in Series A funding. Seven investment companies including Korea Technology Finance Corporation (KOTEC) and T.S. Investment participated in this round. With the new funding, ICONLOOP will focus on...
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Lukka adds 5 new firms to crypto accounting/data management ecosystem

October 10, 2019 26 Views Lukka, a bitcoin/crypto-asset accounting and data management platform, today announced new ecosystem connectors which include: Anchorage, Coinbase Custody, CoinRoutes, SFOX, and Tagomi. With this latest round of Lukka connectivity integrations, mutual customers of the newly connected custody platforms (Anchorage, Coinbase Custody), can leverage Lukka Crypto Office to visualize, report, and...
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BloqCloud and ETC Labs delivering Ethereum infrastructure to developers

Bloq, a blockchain technology company, today announced an agreement with San Francisco-based incubator ETC Labs to deliver blockchain infrastructure services for the Ethereum Classic and Ethereum networks via its recently launched BloqCloud platform. Under the terms of the agreement, Bloq will develop Ethereum Classic and Ethereum capabilities for BloqCloud’s Connect service. BloqCloud Connect provides everything developers...
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Samsung Working With Ripple Partner, Finablr, on International Payments

Samsung Pay now has an international remittance feature, utilizing a platform owned by Finablr, a London-listed Ripple partner. Branded as Money Transfer, the service is currently available only in the United States – with the exception of Oklahoma – and will be rolled out to other countries next year. In an announcement dated Oct. 3,...
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Ripple Extends Banking Network With Finastra Partnership

October 10, 2019 41 Views Payment network Ripple announced Wednesday its collaboration with fintech frim Finastra. Using Ripple’s blockchain-based platform, Finastra users can now connect with the 200 partners on RippleNet, a global payments network utilizing the XRP cryptocurrency. RippleNet users also have access to Finastra’s banking partnerships, which settle millions in transactions per year, the...
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Bitcoin is an Experiment and Could Still Fail, Two Core Devs Say

Former Blockstream CTO Greg Maxwell and MIT’s Cory Fields have expressed their opinion regarding possible threats that could lead to bitcoin failure. For both, a 51 percent attack is very unlikely and they are more worried about a social attack or a potential new bug. Their thinking was described in a Forbes article on October...
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Crypto Exchange Bitstamp Taps BitGo for Custodial Services

October 10, 2019 44 Views BitGo has been tapped to provide custodial services for Europe’s largest exchange by trading volume. Announced Wednesday, Bitstamp will begin to transfer its assets under management to BitGo’s wallets on Oct. 10. Both firms declined to disclose the total amount and which types of assets will be managed. BitGo uses...
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Virginia Bitcoin Mining Operation Ordered to Liquidate Assets

BCause Mining, a Bitcoin (BTC) mining operation in the city of Virginia Beach in the United States, was ordered to liquidate its assets.  In an Oct. 9 article, local news outlet the Virginian-Pilot reported that the Bitcoin mining company filed for bankruptcy earlier this year. This week, a federal judge approved the motion to convert...
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Over 200 Venezuelan Taxis Discover the Benefits of Bitcoin Cash

A man named Oscar Salas recently spoke about his quest to spread bitcoin cash (BCH) adoption on episode 34 of the Bitcoin Cast show. Salas explained in great detail how he is a passionate BCH supporter and the organizer of the Maracaibo city BCH meetup. Following his interview a few days later, Salas and his...
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BitGo to Provide Custody for Crypto Assets Under Bitstamp Management

Digital asset financial services firm BitGo will provide secure storage for crypto assets under management at major cryptocurrency exchange Bitstamp. $100 million insurance policy In a press release on Oct. 9, the Luxembourg-based cryptocurrency exchange announced that BitGo will offer custodianship of its digital assets. The Bitcoin (BTC) exchange will start transferring assets to BitGo’s...
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SEC Rejects Bitwise’s Latest Bitcoin ETF Proposal

The U.S. Securities and Exchange Commission (SEC) has rejected the latest attempt at creating a bitcoin exchange-traded fund (ETF). The SEC announced Wednesday that the ETF proposal, filed by Bitwise Asset Management in conjunction with NYSE Arca, did not meet legal requirements to prevent market manipulation or other illicit activities. The SEC placed the burden on...
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